america acts on the military industrial complex these are the enemies of america are tired government is bought it's legal bribery and they steal and cheat right out in the open americans car gobbling this up it's amazing you know we used to be afraid of russia because they had a communist ideology they're just kind of pressing that button on americans because we've been conditioned to be afraid of russia and their communism even though they're not communist that in war this will all be cleared up after the election whichever side loses can blame russia for it and after all it worked in the twenty sixteen presidential election for hillary clinton there's no reason that donald trump can't use it to his advantage ok with mop and r t. washington d.c. when i asked legal and media analyst democratic political consultant richard goodstein why the issue of russian meddling is proving divisive liberal politicians frequently blame russia for various things as well to believe that's the real cause of the problems in the us though there are other divisions what do you think. look

i don't think people are blaming russia for anything that happens in the united states other than what our intelligence community concluded unanimously which with which it's the russians attacked the united states to mock or see in the way that they. meddled frankly makes it look kind of pity. kind of really kind of piddly. it's meddling in the way that osama bin laden meddled with the world trade center that was an attack dick cheney. are a fan of generally our dad said that what our actions did was an act of war against united states so so again but i think we should segment that out i think i think what happened i'd say it's whether it's racial bias or you know in inequality in terms of incomes that's not because of anybody from russia doing that or are little holidays that we're creating ourselves you didn't let me down. yet

and i have parked i am my friend comparing osama bin ladden where the point you're russians buying facebook ads which brought down the entire election not because your gal the oven mitt fashion east lost a rigged election. but because the nefarious russians and the lead is this necessary as cabal did cram lang how dare with you there was some hall . well listen to me let me say yeah well it was all you know yesterday that by fifty four to forty one percent americans across the board think that donald trump is not standing up for u.s. interests most people in the united states think that putin has the goods some dirt on trump so it's not just me this is what the public thinks look we live in an era

right now where we love to. me take something where you have a legitimate right to be upset but if you can really turn it up if you could. scream if you can demand and require a screaming room and a petting god gave you good how lead and show this absolute out of control histrionics maybe somebody will pick up on that so i think that there are segments of this country that used to be the majority that see what they feel was their country slipping away from them the country you know within a few decades is going to be majority nonwhite and i do think that people here more so than was true ten or twenty years ago read and talk to and watch on television points of view that are just like they're so when they are exposed to something that's different they take offense because they think everybody that they deal with

things like they do and when they hear something that's different it puts them off do we have to remind folks what this country was like in the fifty's with lynchings with separate bathrooms with african-americans who couldn't even sit at a lunch counter civil rights violations this is peaches and grain compared to what this country sad to say was in the past so if you think things are worse now than it was fifty years ago sixty years ago you need to review your history well again i don't disagree i don't i don't compare people taking offense at flight today to lynchings why do people feel slighted by something that maybe they would have let go. you know i think that there is again so much awareness in a way that today than there was the there used to be decades ago when we didn't

have the mass media. people can kind of aggregate to themselves and basically decide well we're right and that person who acted in a way that we don't approve of is wrong and that somehow or other that if uses people's thinking there is a heightened everything today not to not to say that people don't have a right in many cases to be upset but everything is overdone because you're not going to get media attention if you act reasonably and proportionately. the leaders of the five bricks emerging economies of brazil russia india china and south africa holding a summit in johannesburg artie's egos not enough reports on day one. now thursday the main day of the bric summit was packed with action and of course to an extent you can use the word action in regard to a political summit well russia's president vladimir putin arriving early in the morning he kicked off his streak of face to face conversations with the south

african president now that's way late into the night followed by a face to face with the chinese with his chinese counterpart and then all of that wrapped up with. with india's prime minister now in between all of those talks of russia's president vladimir putin met with the leaders of other countries who are not part of the brics bloc among those was the argentinean leader and the turkish president recipe and putin's meeting with erdogan kind a hinted at the potential bromance the two leaders could be having. to do. such. kind of the feel to. look. for the. remains.

were live in special times and with donald trump and the white house being so keen on trade wars all of that of course couldn't go unnoticed here that's was the focus and i talked about this to quite an extent with ministers and experts who attended the summit the leaders of bricks are very clear that we will not be in position to tolerate what is trade protectionism like we're seeing from the u.s. but also we're also looking at alternatives to say that i mean you have brics which is a conflagration almost forty percent of the world's population it's a huge play and it's look at how politics has changed in the states they want to make sure. that. product somebody fractured. and not get manufactured outside the united states and brought back again exotic prices back to the united states the emerging markets. see the dangers of.

collateral damage that we saw free. trade was. not the cause of everybody's problems but we're all being affected so we're not very happy about it. so what we see as. the intended a dissertation which. in favor of. favor of that this is a signal that we need to strengthen. various so with all the damage that right now america's trade policies are dealing apparently to the economies of the breaks nations well every cloud has a silver lining you know and here it is the fact that the brics nations are now encouraged to work closely with each other also. encouraging other nations perhaps emerging economies to work with the breaks with other states. reporting

from johannesburg from south africa. the five leaders gathered for a group photo but not everything went to plan. several hundred migrants have stones throw a border fence into a spanish enclave in north africa where on that story after the break. i began this man show camera. roughly once they showed some leave for them.

to joan cool videos and sell them with the roughly string apps. down more on string i don't rightly don't t.v. . i've been saying the numbers mean something they matter to us as over one trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of the global wealth he longs to the ultra rich eight point six percent market saw thirty percent just last year some with four hundred to five hundred trade first circuit first shot and bitcoin rose to twenty thousand dollars . china is building a two point one billion dollar a i industrial park but don't let the numbers overwhelm. the only number you need to remember is one one business shows you can't afford to miss the one and only

boom but. welcome back around six hundred migrants have breached a border fence separating france sorry spain's north african territory of ceuta. bahan spanish police say the migrants mostly from sub-saharan africa turned violent throwing molotov cocktails at least one hundred thirty people have been injured the autonomous regions of souter and many are on the news only land borders with africa and hundreds of migrants try to jump the fence is there every year the latest incident comes just hours after spain's foreign minister raised the alarm over the situation. this is more serious than the euro crisis the migration problem must be solved on the ground and the countries of origin otherwise we're just shifting

pressure from one place to another people now see spain as a better bet than italy who's trying to close its borders come completely this again as always and this is been going on for years and years and years without a successful resolution and it is because the e.u. collectively in the member states have been unable to come to a proper equitable burden sharing of how to deal with migrants coming into europe a lot of the states are not pulling their weight. britain's home secretary sajid javid has commissioned a study into the profiles of child abusers among the factors to be considered is the perpetrators country of origin my fishers have been working with investigating officers in relevant cases to establish the particular characteristics and contexts associated with this type of offending we're looking at what this data set can tell

us about characteristics of offenders victims and the way the context of abuse all of which have a critical bearing on the effect of targeting of prevention activity. child grooming scandals that are a topic that have attracted a great deal of emotion control to see and debate in the u.k. public and media as well rather on rossdale bristol peterborough the list is endless and will be familiar to many here in the u.k. this is the first time though that many would say a government in office indeed the home secretary in office has ordered an investigation specifically into the ethnicity the racial background of both the victims and the perpetrators involved in these crimes it's not the first time investigations of happened it's not the first time the issue's been raised just last year in fact a labor m.p. and former minister sarah champion wrote an article in a paper in which she unequivocally condemned pakistani grooming gangs and said the issue must be debated openly and honestly the backlash she received the criticism

she received from many quarters in the end caused her to resign from her position and indeed received death threats after which she had to receive extra police protection what strikes me about this whole debate is that we've reached a point in this country and possibly in the west where we can't really talk in a relaxed way about race so this would write something which a lot of people would say is a statement of the bleeding obvious and ends up losing the job now the media and public outcry has stemmed from the understanding that a sense of missed place political correctness a fear of offending of racial backlash of stoking ethnic and community tensions had previously prevented law enforcement social services and local government from taking the necessary action to stop and prevent these horrific crimes i think there was a culture of not wanting to rock the multicultural community boat if i may put it like that this has also come from the horse's mouth just quite a number of years ago there was a police report released under the freedom of information act in which the police

themselves had said often there was a very lucky that it's a hesitancy to take the necessary action because precisely of the stone. of racial or ethnic tensions over the years the discussion about the racial ethnic background of perpetrators and victims of these crimes and that specific link has been quite to boot it's been discussed with a great hesitancy or been confined perhaps to the margins of the political spectrum now though with the home secretary's investigation given of course sergeant javal himself has pakistani roots that discussion seems to be going more mainstream reeducation spokesperson for the u.k. independence party david kirk thinks this move by the u.k. home office is long overdue. this is something that needs to be dealt with and it needs to be dealt with with brutal honesty it's good that job it has commissioned this report but honestly this is something that should have happened twenty years

ago because it's been going on for at least twenty years people have known about it in various arms of the state it's being covered up but more importantly people have been afraid to talk about it because of the culture of political correctness and the adherence to multiculturalism which in this particular case clearly has not worked. well for more on these and plenty of other stories that go to the web site otherwise i'll be back with the headlines at the top of the hour so you can see. it's a very rough roads there and you sort of climates and you have to fight to be able

to them if. it was gunshots on top them and so many friends they would have been going there may have been even not. telling me you know i don't want to see a bit of water in the trailer when it's ready to participate in the good. old to live good wouldn't. you don't think about this leave this old go on no you got three to play and you know another patient. is democratic socialism the future of the democratic party the future of america is moving to the left a winning strategy to take on donald trump's vision of conservative populism one thing is undeniable mainstream politics in both parties for under pressure to evolve and become more accountable.

right we're all set to start in five guys the studio has a signal. he's not going to talk about no fly. just maybe right after the mars explorers were moved would have their community. pool and records. to say where people go. oh ok in this room well welcome to sophie and tell him says the sheriff not said today we'll got lots to talk about in our program and our gas this who've been locked out of.

the pension funds it's guaranteed returns that those being abused by the crooks are using the guarantee to shovel it a lot of toxic garbage that is ending up a detail is a guaranteed bill because at the end of the day a lot of these pension accounts not being cut back people who think that they had a pension are being told has been run out you don't have a pension anymore you're now flat broke you have to go out in the street and big for money go get addicted to heroin we don't want you anymore drop dead. this is boom bust and we're here at the world economic forum in davos switzerland coming up i can't tell you how great a show it is i'm very excited we've got the c.e.o.

of omega one who is a walk star one of the analysts here today alex gordon brander plus we've got the best selling author don tapscott who wrote the book walk chain revolution but first let's check out some headlines in business and finance back in the studio in washington. u.s. treasury secretary steve menuchin speaking at the world economic. in davos embraced a weak dollar and the nugent told reporters quote obviously a weaker dollar is good for us as it relates to trade and opportunities a weaker dollar generally favors domestic production by making imports for expensive blackrock chief executive lawrence fink also played down the dollar slide and said investors and the media overreacted to me and statement i.m.f. managing director christine lagarde however said she hoped menuhin would quote clarify his comments and suggested that the recent trump tax cuts would push the dollar's value higher. as puerto rico struggles to recover from

hurricane maria the island's leaders announced late wednesday that they won't be able to pay back any portion of that seventy billion dollars debt for at least five years their original plan for puerto rico to pay creditors three point six billion dollars through two thousand and twenty two in order to start paying off their massive debt but now puerto rico's governor ricardo rosello says that the budget is expected to go into deficit by two to three billion dollars annually for five years the details are outlined in a plan submitted to the federal oversight board that congress gave control over the u.s. territory the government also estimates more than two hundred sixty two thousand people will leave the island in twenty eighteen an estimated population loss of about seven point seven percent. bank of america customers took to protesting after the banking giant made a change to a number of accounts customers found themselves suddenly transferred from eventing

accounts into ones that required a twelve dollars monthly fee unless they had a monthly deposit of two hundred fifty dollars or a minimum balance of fifteen hundred dollars irate customers took to the internet and launched a petition on change dot org saying that the changes were going to hurt lower income families and individuals this comes as other banks in the us examine charges on checking accounts with maintenance costs which also provide additional income through overdraft fees. hi there i'm an electron sitting in for bart chilton who is on assignment in davos at the world economic forum the future of cryptocurrency is a big topic there part managed to catch up with one c.e.o. in davos who says that kryptos future could be the same as the internet here's bart with alex gordon brand new or a mega one. and we're back here in davos at the world economic forum and we've got

a real treat for you when they have all these panels here in davos there are some standouts and we have a standout rockstar for you here today with us right on boom bust and he's the c.e.o. of mega one alex gordon bender who used to work with the largest hedge fund in the world bridgewater alex thank you for being with us it's a pleasure to have you here thank you so much for having me instead alex you reached out to me last year because one of the things that some orton to you at omega one and you personally is to do things in a transparent aboveboard way and you want to ensure that you abide by all the rules and regulations and you actually do more than is needed in disclosure for our viewers advising omega one in that regard but tell me how and why that is so important to you why you feel that in your bones well the block chain is the most

transformative technology to hit finance possibly at a and there's such a huge amount of potential in digital assets and yet most of the noise and fury at the moment in the space is highly speculative a lot of scam artists promising instant millions of riches and this is a massive distraction firm the promise of digital asset technology. we are very committed to the future sort of institutional institutionalization of block change technology as it truly transforms financial markets and this can only happen hand in hand with regulators and hand in hand with consumer and investor protection and so we started a conversation because the. this space was still. very

open in terms of regulations and a lot of people were taking advantage of that and i wanted to make sure that we had an offering the was in line with base in line with regulations and protected to the people who are going to participate in the space people do need to be careful out there and be careful where you invest your money but you know it makes me think alex that. there is all this distrust in general in the block chain and digital economy about the stinking government and sort of a libertarian view but i view you a mega one and others in this space as really the professionalization in the maturation of the digital economy that you do need to have certain sideboard certain basic rules of the road now on your panel today where you really were the standout person here in davos you talked about how to build the financial future

how you build financial systems going forward and explain what the main takeaways were there what were your messages today to the audience. so it was a it was a great conversation i was fortunate to be with some of the luminaries in the space including joe lubin who is the co-founder of the theory i'm the founder of consensus who have some forty or fifty different projects going at the moment each of which is going to significantly disrupt a different industry or a different area of people's life so. you know we the conversation ranged from the role of block chain in banking the on banks and bring financial services to the world's financial service deserts and in the same way the mobile to lef anie kind leapfrog to landlines in parts of the world it's quite possible that the decentralized financial system sort of internet three point

zero sitting sitting on mobile devices is going to bring sophisticated banking services to part of the world currently don't even have access to simple bank accounts so what we owe it blocked chain right now is kind of roughly where we were with the internet in the late ninety's so it was pretty obvious by then that you could do things like record a video on your computer and send it to somebody you could created these are things which we forget where radical only a couple decades ago create a piece of text send it to everybody in the world without having to photocopy the thing and fedex it and these things were clearly transformative but it was hard to actually predict facebook or google back in one thousand nine hundred five one six

there were pets dot com and a million on the things so we're at a similar kind of. place in block chain. where we are instead of disrupting sort of the world of media with disrupting the world value and transactions of value it is all of us that there is as profound a change coming as there was in that world. we're at an inflection point are actually a couple of inflection points in the digital assets story we have this kind of future the way heading towards where. you know everything is tokenized and you know your self driving car is going to be negotiating with a eyeball on the market to buy right of way to get into the fost lane on the freeway this sort of saif i stuff is maybe five ten years away from us at this pace of change right now we just at the point where the market infrastructure

is starting to get solid enough to be attracting major institutions into the space the. we've seen them in the last year. there was a flash crash on one of the major exchanges where the price of ether dropped from three hundred dollars down to ten cents in the space of fifteen seconds we've seen exchanges including the the most the largest most liquid exchange get hacked to this day on current prices they've been over twelve billion dollars stolen firm crypto exchanges which if you look at the list of heists in history that's pretty high up on the list so there's clear and there's a. massive fragmentation in the market it's very hard to get transparency huge

job persisting in the market so you you've got a market which is suddenly getting a lot of attention major players in zero two billion dollars of institutional capital's flowed in the last few months and the infrastructure is still a mess and so our job is essentially to mid-wife the. mainstreaming of this asset class in a way which enables it to not blow up in pop because you know the wave the lack of liquidity in fragmentation comes much the volatility and the enables you know pension funds institutions to enter the space in a way that is safe and in a way that is aligned with their fiduciary responsibilities and it's.