the reality of the door and also therefore being more effective in resolving issue and then shorting piece of the world ah, 2 of so carolyn's biggest banks to be ethan credits with are reportedly considering a merger as a banking collapse in the u. s. has impacted global financial market with our visual register across investments, except for saudi arabia confirms it could very quickly start investing in iran following a field brokerage by tie between the 2 former rival amy to restore their diplomatic relations cited for the paying that for his 1st foreign visit following the re election with mark though as the destination. it signifies

a new era of strengthen relations between china and neighboring russ. ah, good morning for mark, international studios in moscow, and welcome to the weekly with the hour in week. not story is all around the globe . i'm carol is about russian president vladimir putin has made a surprise visit to my re, you pull in the don units were public. the russian president drove around the port city on the as off see to look at major reconstruction projects during his 1st visit since it was liberated from camps forces. last spring, russia considers a dot yes, republic as its territory, falling a referendum in the region. president putin was accompanied by russian deputy prime minister in charge of regional development, as he visited several parts of the city to inspect the progress of the restoration

. that includes the construction of new residential districts with housing and utility infrastructure. previously, president putin also held a meeting at a command post for the special military operation in the nearby russian city of ruffled on the kremlin, said the russian leader heard reports from the chief of the general staff of the armed forces, as well as a number of other members of military top brass the global financial system is shaken by the fallout from silicon valley bank. now to upset sir linds largest banks, credits with an u. b. s. are reportedly considering a merger that could be a catalyst for an overhaul of the global financial system. a sharp drop and credit suisse shares this week, raised further concerns across european financial markets with a slum in major indexes. the banking sector was down by 13 percent. this week,

as spiraling fears dragged down, the biggest banks across the board strategist and goldman sachs predicted the sector would remain under pressure unless a more forceful policy response is administered. u. s. markets are also powering through the crisis with banks being propped up by a $100000000000.00 bail out by the federal reserve, the treasury and other financial institutions. a recent study said that more than $180.00 u. s. banks are in danger of collapse due to the uninsured deposits while the government's cash has helped prevent a complete meltdown. the feds failure to disclose all the banks to receiving the aid has cause rumors to sol. many market watchers have express fears of a possible reemergence of the 2008 financial crush. amid the concerns about another potential financial crisis, our t corresponded kayla mop. it examines the current upheaval of the u. s. banking

system. the u. s. financial system has been shaken up pretty badly with news of bank failures splashing across the headlines this week. this is the biggest failure since 2008. actually the 2nd biggest failure ever since washington mutual in september of 2008. meanwhile, signature bank march, the 3rd largest bank failure in u. s. history capital corporate is now announcing their intent to a wind down their operations and voluntarily liquidate silver gate bank. this was a week of bank runs starting out with the collapse of silver gate bank followed by s v p, and signature banks caving in. this cause lots of market turmoil. 3 banks went down one right after another and this caused panic among investors and depositors. the u . s. financial institutions saw their stocks plummeting. u. s. officials are trying

to reassure the public that their deposits are safe, extra liquidity is being provided to banks in order to keep them afloat. joe biden woke up early monday morning to make a speech and give everyone a lesson on the laws of capitalism. deposit is will have access to all of them money starting monday, march 13, no losses associated with the resolution of silicon valley bank will be borne by the taxpayer. finally, the federal reserve board on sunday announced it will make available additional funding to legible deposit or institutions to help a show banks have the ability to meet the needs of all the depositors. investors in the banks will not be protected. they knowingly took a risk and when the risk didn't pay off, investors lose their money. that's how capitalism works. let me repeat that. no losses will be borne by tax payers. instead, the money will come from the fees. a banks pay end of the deposit insurance funds. so how is all of this going to play out?

here's what we've seen so far. the banks that were left cash strapped have now borrowed $300000000000.00 from the bad. almost half of that money went to holding companies for silicon valley bank and signature to the bank that just collapsed and caused panic on the market. an additional $153000000000.00 was borrowed from the federal reserve last week. this comes through a program called the discount window. this allows the banks to borrow for up to 90 days. now typically the program only provides $4.00 to $5000000000.00. but last week, broke records. more money has been given out than ever in the history of the program . the numbers have already surpassed the 2008 crash. so now the fed is back to printing money, providing banks with additional liquidity. but the federal reserve is also continuing its fight against inflation. and this is going to make that much more

complicated. it's a fragile balance between curbing the problem of inflation and propping up the financial systems. now the problem with this bank they had over $250000000.00 on their balance sheet. so they'd actually lend out $249000000000.00. so that doesn't really leave that much of a cushion, right? that say if something happens. so if the what happens, the u. s. high interest rates, as we've covered a lot on the program. and that obviously makes the debt that they're holding on their balance sheet, which was a lot of it within us government bonds was less. so this is a really key point. you talk about the interest rates are the key and critical point. yeah. yeah. so as those interest rates are rocketed the, the debt that they have, they have lent to the u. s. government becomes less. right? so that left this bank with a deficit on their balance sheet of about a $1000000000.00. now, once that happened, the bank bid exactly what the guidelines say. i would say the ceo acts the same way . he said, well, i need to go and raise that $1000000000.00 now to make sure that my bank is in the

block now will happen when he did that. that's a huge amount of people. a lot of money in the bank companies, mainly who then there was a what we call to run on the bank. so about $13000000000.00 which was withdrawn from the bank really. and at that point the bank was totally broke, right? so then the regulates and the government had to step in and take over. europe is now feeling, the aftershocks credit suisse took a tumble, and the swiss central bank stepped in to give them a lifeline. the financial world is now holding its breath, waiting to see who is next. caleb martin, r t. new york banking and finance. professor richard werner says that's simply throwing money at the problem. well, not salvage economy. they're saying that higher rates will give us the price stability. and by continuing to expand quantitative lee and in j more money,

the supporting the financial system will really it's the other way around. i mean, they should, they should not raise interest rates, but tighten, then you don't have inflation. government will always say everything is fine, is, is going from grades to even greater. so we have to be very skeptical of that, particularly when government impose policies on the economies that can only cripple the economy. and also europe imposing sanctions on russia. stopping the importation of necessary energy, cost effective energy from russia and russia, as always, to limit and soviet union delivered reliably, 2 year old just suddenly stopping that. what were you going to get? going to get weak economic performance processions, supplies on problems. that's what we're seeing worldwide and certainly in particular in europe and also to the sorry send in north america. ria says it's

ready to invest in the iranian economy, falling the chinese brokered agreement to restore diplomatic relations between saudi arabia and turan. how quickly in your mind, do you think we're going to see sadie arabia making significant investments and vice versa? i would say very quickly, iran is our never and have been and would continue to be for years. so i didn't see any issues that would prevent notable i vision of the relationship cost investment success from the turning point in the region state of affairs was followed by saudi statement on the oil market. same, the country won't trade with those who impose any sort of price, tap, or other restrictions on commodities. if a price kept were to be imposed in saudi oil, experts will not sell oil to an encounter that imposes surprise kept on our supply

. and it will reduce all production and i would not be surprised if others do the same. this statement came as us lawmakers introduced a bill that would allow lawsuits against the oil companies and opec plus countries . according to the saudi energy minister, the practice would damage the market, creating intolerable consequences with open plus, looking to counter the legislation. earlier, my colleague nikki aaron discussed the perspectives for further cooperation between iran and saudi arabia. with a panel of gas, the world is changing very fast, and the united states and the europeans do not have the cloud that they had before . and they've also shown that they're not reliable allies are reliable partners. they've shown that an honest on new administration and iran, it's policy is to strengthen ties with neighbors and also

pursue asian and your asian integration. those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create tensions, to create division. definitely time has changed a bit. iran is a different iraq today, maybe and target are more willing to understand the dynamics feel free on or what's happened in the past decade or negotiation. now remember, there is one of the agreement that we're going to have 2 months period or basically seeing how she says iran coming to the deal. so it's going to, it's going to have too much of observation or what that right. it's going to come and what they are going to do. so definitely, iran is a neva, it's an untapped market. we expect they have 2 trillion dollars worth of good to an investment and infrastructure. and different police are going to be. it's going to have a stick and iran need,

some of the neighboring countries can treat to contribute them back. and this is definitely aligned with vision 2030 as a lot of ground manufacture capabilities. they are very advanced and definitely they can contribute to the iran in rebuilding. let's put it this way. and by looking iran, we are looking a lot of the neighboring countries and that's iraq, syria, lebanon, and yemen. and this is going to play a very big economic value within the region. there's a couple of months ahead of us where we watch was was where kathy they have had in historically these, these, these, these periods of cooling off. and then things worse and again, but i think now the signal, the, the signal is there, the both sides really want to work for peace because peace actually pays awful lot more than war. i mean, the was the saudi got involved in which had been stopped by the americans. we must say, of cost them absolute fortune a certain point. the war was costing a $1000000000.00 a week. the diplomatic deal, as we know,

was mediated by age and completely bypassing the us, which is always like to see them at least as his own kind of spirit when it comes fear when it comes to influence. so let's just take a listen to what the chinese foreign minister ministry had to say about this. some in the u. s. style their country as the beacon of democracy. but how surely democratic is the u. s. it is redoubled its efforts to tout its democracy and interfered in other countries in internal affairs and even instigated rewards in the name of promoting democracy. facts have repeatedly proven that the drama for democracy orchestrated by the u. s. is never a boon, but a bane for the world. so my question to you is just how worried you thing washington should be about such developments and rhetoric worried now really is the role that america plays. i completely agree with professor maroney, when he said the world has changed. he's too polite to spell it out in crude terms, but basically, america's normal calling. the shots we commentators, such as myself,

are wondering how much longer we use the term usaa gemini, when we, when we come on talk, shows like, like yours. i'm, you know, really, this is the last nail in the coffin now of us leadership around the world. the fact that the chinese stepped up to the mark and broke this deal was pretty amazing. so i think lots of play for very exciting can complete the unprecedented, i didn't ever think on be on a talk show, talking about sound g iranian peace. a landmark failed to restore diplomatic relations between former those iran in saudi arabia could derail israeli strategies in the middle east. the agreement brokered by china is seen as a counterbalance to you as then is really attempts to dominate the region for details on this story and more visit our website at r t dot com. in south america, ecuadorian authority say a 6.8 magnitude. earthquake has struck the country. farmers are felt in the nation

south and also across the border in northern pollute. according to government officials, at least 16 people have been filled in ecuador, but the number of casualties is expected to lie. as several buildings have collapsed and rescuers are now sifting through the rubble. ah, and now for france, for there have been persistent protests against the government's efforts to raise the national pension age, the demonstrations erupt. it after a frank president and mamma pushed through the pension reform without approval from parliament. it's what it shows. several people detained amid violent clashes with police and frances 3rd largest city, leon. police use tear gas to disperse riders who burned barricades and through objects at the officers. russia's foreign ministry has

accused denmark of being a stooge of the us, as copenhagen has refused to allow russian authorities to participate in the investigation into the north string pipeline, sabotaged copenhagen, which so zealous seeing defence us interests in europe was not initially interested in investigation that could have shed light on the true perpetrators and organizers of the attacks despite denmark's refusal to cooperate with the investigation into the sabotage, the russian foreign ministry will continue to press copenhagen for answers to the questions post earlier. it will not be possible to sweep this under the carpet. denmark, sweden and germany will have room of law and one can have confidence in our investigations . we have told the russians that we will investigate this thoroughly. and when we have done that, we will announce the results of that investigation. american investigative journalist seymour hersh earlier published a report, alleging that specially trained american navy divers planted explosives on the

north stream pipeline system. allegedly, nato drills in the black sea were used as cover for planting that material. it is suppose it agreement with a norwegian government. the report said that you, as president joe biden decided to blow up the pipelines after months of secretly having secret discussions about how to conduct the mission. u. s. and european officials of adamantly dismissed those findings as the complete fabrication number, which is good. the fact that this is a terrorist attack is no longer a secretary. moreover, it was a terrorist act committed at a state level because no amateurs could commit an attack like this. if a shoot is miss, if about month ago, after the parish investigation, that was a media campaign with oh, to go to p. u in in several newspapers allegedly stating some ukrainian activists had organized an attack. and it was especially emphasized that these activists had no nothing to do with the ukrainian governmental. how do you feel about these

versions? some of them stood reviewed institute. i'm sure that this is complete nonsense. an explosion of this kind at such an debra, which could only be carried out by a specialist, supported by all the power of the state, which has the required technology. but you're so right now russia is trying to get the united nations to launch an independent inquiry into the north stream, sabotaged or as russian president vladimir putin says, terrorist attack, the only enquiries they're happening right now, are the equivalent of suspects to a crime. having their friends say that they'll look into it and then let everyone else know what happened and the west just seems to think that that's fine and that they can investigate themselves. and in the meantime, float this narrative all across the mainstream. lester media, citing unnamed intelligence officials in each country like the u. s. in germany, for example, who are all conveniently blaming the whole thing on some quo pro ukrainian group with no identity beyond that, but which magically absolves absolutely all actual countries in states from any and

all responsibility were supposed to believe that some random dude came up with a bright idea to get together 5 other random deeds to load massive amounts of explosives on her boat at a port in germany. sail out into nato waters and blow the steel pipes and their concrete encasement. 20 days after their excursion, remotely investigative journalist seymour hersh, who attributed the attack to a u. s. leg special operation in conjunction with norway, isn't buying it. you're trying to divert attention from story that i wrote, which included enormous specifics. i was describing a process that began before christmas of 2021 involve the, the national security advisor, jim sullivan, of the white house of the, for the president. they had a series of meetings at a secret room in the white house. meanwhile, there's a total lack of outrage here in europe from the establishment. their silence is deafening. considering that the north stream network is a joint project with major european energy companies and russia gas problem to

secure europe's energy needs. now, according to what's been seen recently in the russian media, sweden, denmark, and germany, 3 countries near the attack. and that should have had some information about it or not engaging with russian authority. trying to figure out what happened to me. it was very difficult for us to conduct our own investigation if we're not even allowed to access the side of this terrorist attack. only gas from receive permission from danish authority to investigate a sort of explosion. gas problem did not limit itself to the study of the very place of explosion along the gas pipeline itself in the ship rented by gas pro, moved on, and at a distance of about 30 kilometers explosions. i call them the human which is good at a linda miller spot to where the explosions occurred with these are the most vulnerable places. when the gather, my black junction of pipes, experts believe that this may be an antenna for receiving a signal to activate an explosive device that can be placed beneath the pipeline.

and now of course, you would like to get permission from danish authority to independently with you together with them, or even better by forming an international group of explosive experts to carry out the necessary research. apparently, several explosive devices were planted, some exploded in some didn't. the reasons are unclear. so obviously some neutral authority really does need to intervene here like the un and a letter has been sent from the russian and basket or to the nations to the security council to that effect. but the west certainly doesn't seem interested in demanding its own answers. we heard from the foreign policy spokesperson for the alternative for germany party. he says german chancellor, all of salts most likely had prior knowledge of what the u. s. was up to ne i lou, i don't mind you don't. that should look well. what should the germans report about when they themselves are not informed and therefore you are unable to forward anything to moscow? germany was excluded for a long time. information was sparse if it was available at all. the german public

has heard almost nothing for months. it emerged from the story of, for you as a journalist. he seems to have been the one who's part of the debate again in germany, one tries to keep the discussion about it as quiet as possible. this already proves the current state of the german going to start today. this is the most important question for germany. during the last visit of the german chancellor, all of sholtes to washington, when biden was asked how he wanted to stop nordstrom too. and he said we can stop it, which one suspected that old shows perhaps already knew that americans were up to you had the findings of the u. s. services as well as the german intelligence, the german attorney general has confirmed that the german authorities said there was possible involvement of ukrainian group. this is considered impossible among experts in germany, it is completely impossible for a small group of 6 to 7 people, even with 2 divers to dive into the baltic sea at 70 to 80 meters depth and blow up a concrete encased pipe. that is simply impossible. thus, it is

a distraction from the actual fact and its official shaking thing is that to visit moscow to meet with vladimir putin next week. and there will be plenty to disguise from the russian chinese strategic partnership to pressing global issues. the signing of bilateral agreements has also been announced with more details to follow . the chinese leaders approach to a supposedly isolated russia has sparked outrage in western media. the strengthening relationship calls into question u. s. support for regional rivals. as china appears, unafraid to oppose the west asia as the partnership is mutually beneficial and not aimed at any 3rd party. should you mean was if johnson you, president, seizing ping state visit to russia will be a journey of peace. a practice true multilateralism based on the principles of non align non confrontation, which is like

a non targeting of 3rd party. so promote that democratization of international relation issue to build a multi polar world pattern, improved global governance and contribution to world development and china will uphold an objective and impartial position of ukraine crisis and play a constructive role in persuading and promoting peace talks. the development of strategic cooperative partnerships between china and russia, benefits both the people of the 2 countries and the world. this differs from the practice of some countries holding the cold war mindset. forming cliques everywhere . engaging and confrontational building small circles and camps, and had gemini and bullying everywhere with china's foreign ministry. also said that this is going to be a meeting of peace. that's because beijing is ready to play a constructive role in regulating the ukraine conflict. and we also heard from that foreign ministry of china that they're facing is also looking to basically ground

these talks in the principles of non confrontation with 3rd parties. so that's all among other topics on the agenda, including questions of international and regional importance, as well as strengthening the strategic cooperative partnership between these 2 countries. now, it's also important to understand that these talks are, have just been announced on the backdrop of the marine security belt joint naval exercises which are between china, russia and iran. and these have been taking place in the gulf of all mon, since march 15th. so it represents another frontier of developing cooperation between these 2 countries. in this situation, specifically naval and military cooperation, nelson wong, vice chairman of the shanghai center for rim pac and international studies says ukraine is likely to be at the top of the agenda of older, the topics that to the, to country leaders between the she and her president poking her,

i think the topic of the ongoing conflict in ukraine is certainly going to be on top of the agenda and that's going to be discussed for jewel or but barry mind that china has recently published it's position ah all supporting piece and ceasefire. ah, off the conflict. so i believe this is certainly again to be discussed. i think this is also a clear message that has been sent out with regard to the, the upcoming visitor president t to moscow. now, china's independence in its foreign policy and his handling of international relations is not going to be to with her influence or even manipulated, or you've been deterred by any 3rd party. from monday to wednesday. next week we will be bringing you special coverage of chinese leader, seizing pains visit to moscow. join us for that both on air and online.

ah oh a

ah, there is a me in the video gym who leads to the form you like to make sure that system that is in it's on you know, on. so if you want to talk me, then it's good to believe it is what it's on. that one system must read a form to make good one contemporaneous to make it. so look now in terms of being to present it to pull off the door and also therefore, you know, being more effective in resolving issue and then shortening piece that of the work . oh, fully autonomous self driving vehicles seem like

a distant fantasy, but tech giants and automakers like for gm i do has law and alphabet have invested millions of dollars in years and to making it a reality. so how far away are we from this reality? how long until a ton miss driving can be commercialized on a large scale, and how much will it cost the consumer as well as the economy as this automation cycle will cause massive job losses for current drivers? i'm christy i and you're watching the cost of everything. we're today. we're going to be taking a look at how autonomy vehicles will shape the world as we know it today. ah, market leaders are betting big on smart transit technology logs doing thousands of road miles.