come right back each time because all that buying is there i know this for a fact because the russian central bank knows all of our gotta you mentioned all of those it costs a number two guy they are much less two thousand and four the only. words you mentioning as this big billion conference which stunned the crowd was who's gonna. buy cloth who is an economist it worked closely with president putin has come to two of our conferences love that after the first one it was there the gold market was dead two days later exploded out of nowhere they've been all over it the chinese followed us closely i've had three conference calls with their sovereign wealth fund the chinese investment corporation we were the first ones that noted chinese spying five years before anyone else and noted it every few months for all that time till it was announced so they know what the goal cartel is done and why and they want to watch gold as possible before things blow up that's interesting so when they come to you they're going to say i hate we want to get more information into gold manipulation and is that what they'r

component there may very well be max we know the chinese are buying gold as fast as they can the russian central bank has been buying gold consistently for the last four years maybe a gold component maybe a commodity component depending on who's in the in the mix certainly iranian oil i mean the largest oil exporter in the world is russia so if you have a combined iranian exports and russian exports and use that to back up the value of the currency that would be very powerful the last scenario is you know we talk about some of these in the book where we did that work and for the pentagon it was a financial. gamer countries are trying to gain power against each other using for natural weapons and we describe this there are many ways it could play out but what's interesting is that it's developing by the way i don't think that's going to happen tomorrow even next year but looking out two three years whether it's a bird currency or i think even more likely the s.t.r. you know everyone knows the fed has a printing press and can print dollars but if you or people realize that the i.m.f. has a printing pre

judge sentenced the russian businessman to twenty five years behind bars for conspiring to kill americans. the former head of the european central bank. how crisis hit europe can escape the vicious circle of cuts out. well today we're joined by john quality shea now he's the chairman of the group of thirty a panel of a former central bankers finance ministers and academics i think is no stranger to weaving through financial crises having served as a chief of the european central bank from two thousand and three to two thousand and eleven leaving the post in october last year thanks very much i'm especially for joining us today because of the first question we like to know you said at the federal reserve a conference very recently but you think we're still in a crisis but your successor maya draggy of the e.c.b. said that the worst of the euro crisis is over is the worst really over there i was alluding to the in my order still you go what happens happened in or seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had two liter major crises the african craziness we had the prince

problem that remains for the russian economy last year we saw capital fly at eighty four billion dollars i'm speaking exclusively to business r.t. the deputy head of the central bank says this could quickly turn around but everything spends on the new government. i. was. with. general recruiters missed with. you for the rest is global interest group which had to do with the government adjourned the government for the city's several norms and that probably will change with. the start of. the inflow. ok let's see how traders are investing a vis power in the russian markets will take a look it's been a positive. test on them i say over a percentage point of this hour they opened up the day in positive territory and that's where they remain that see how the stocks that are getting on has been posting some positive signs and that's despite coming. to be capital. to produce crude output quadruple dividends without adding to debt is likely they don't see that being feasible but as you can say one point seven percent. there we courses of of stand up in positive territory there matt have the one of the best days on them i think so far over eight percent in positive territo

vows to bring delegation russian arms dealer home that some say the us court sentenced the businessman to try to get. up next we asked trish a former head of the european central bank how prices hit europe might escape the vicious cycle of consarned bailouts. well today we're joined by john cloud t. shape he's the chairman of the group of thirty a panel of a former central bankers finance ministers and academics and he's no stranger to weaving through financial crises having served as the chief of the european central bank from two thousand and three to two thousand and eleven leaving the post in october last year thanks very much levasseur for joining us today it's a pleasure but first question we like to know you said at the federal reserve a conference very recently that you think we're still in a crisis but your successor mario draghi of the e.c.b. said that the worst of the euro crisis is over is the worst really over you know i was alluding to the in my order still you go what happened happened in or seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had to eat in america crazies the african craziness

thousand and eleven the central bank hopes this trend will reverse as soon as may after the new government is formed. let's take a look at what's really happening on the russian market indeed a lot of selling going on with the r.t.s. declining just under three percent a nice sixty two point six percent among the interesting stocks on the market is ross hydro down three point seven percent on the nice legs as it's a two billion dollars sale of shares to the government basically has been postponed m.k. is down one point nine percent reversed its gains and preferred shares of after as are pretty much the only ones bucking the trend are up more than one percent on the release of a new car model the first car since the teaming up of after vice with sam. so what's going on in europe and indeed the footsies down one point four percent of blacks more than two percent rising unemployment manufacturing slowing down and the interest rate scare potential one percent by the e.c.b. this is not providing any optimism for investors and europe. on the currency markets the euro is therefore losing massively versus the dollar while the ruble is losing against the dollar but gai

central bank says that g.d.p. contracted in the first quarter so that's a concern because the ruble gaining against both the u.s. dollar this hour as we get to the russian markets right here moscow with that is a mixed picture we did have some positive results come out today but if you check out the individual. with the a sea of red right now for some of the biggest companies here we've got gas problems down it's suffering one point three percent edging towards one point four percent announcing a higher than expected production of the first quarter so that's a surprise we've also got a loophole a seven tenths of a percent down dixie. while the two that's a retailer in a rush about to ease the suffering if we check out the oil prices we'll be able to see how. we're going to mix viewpoint just as there's all kinds of stories going on that they managed to reach the highest level in almost eight months because refineries are really up in their supply ahead of the summer season in the u.s. where people really spend on gasoline they go on driving trips and all sorts of road trips across america circles of all the stories going on as well wolf there certainly

russian government considers loosening up registration for political parties some opposition leaders say there could be too many bidding for power. with the school. instead of. the budget cuts work the man who led the european central bank through the early years of the crisis talks about the future for the single currency. just after five pm in moscow on a monday this is r.t. life with me. doctors fighting for the lives of the twelve survivors of a deadly plane crash in russia's western siberia forty three people were on board when the aircraft went down minutes after takeoff monday morning it's believed the pilots were attempting and. how this early stages thought a technical failure was the most likely cause of the events. let's cross over live now to our heat jake agrees for the very latest now he is at the crash site i checked if you've heard some of the facts that we know at this point and he tell us what else do you know about the tragedy so far. on the crash site sat alone and just parts of the wreckage still strewn across the fields now we know also those who have survived the troth of ours as you mentioned approved from this wreckage alive that several according to doctors are in a stable condition there of co

guiding the iran problem with regard to the central bank, as was our european allies coming into it. the real problem is making sure that we get the russians aboard, get the chinese aboard, and get others aboard. the right now are undercutting this effort. that's going to require some very strong performances. >> mr. mourdock? >> that's right, the russians and the chinese are on the cutting. certainly we're hearing from even nations like vietnam and the philippines now looking for more support from us because they seek china's influence growing. this is why we need to be moving forward in the world and not leaving from behind as the obama administration is doing. >> next question, america has been at work now for more than 10 years. because of our involvement in iraq and afghanistan. given that we have a plan for leaving afghanistan, easy a time to further decrease our overall military presence abroad, beyond that, or are there other areas in the world were our military presence is needed now or it might be needed in the near future? mr. mourdock. >> to the first part of the question regarding what's happening serving in iraq and afghanist