from eastern europe were attracted to socialism. a very small percentage of those were attracted to the most radical and anti democratic form of socialism, namely communism. for a variety of reasons to although very few were communists and very few economists words used, and jews in the early stages of the bolshevik revolution and the communist regime in the soviet union were often found in a very disproportionately founded salient positions in the communist regime partly because they spoke many languages, more better it. so although most were anti-communist there was a small percentage of jews who were salient and communist parties. and that remained the case in russia. over time stalin increasingly came to use antisemitism as a tool of restoring or regaining his legitimacy. and that was particularly the case actually in eastern europe after 1945. in eastern europe after 1945 most of the jews had been murdered under the nazi occupation. the small number of jews to remain found themselves under a situation where they were under sovi

because of what's going on right now in eastern europe, any second thoughts about that? >> well, i'm not sure that if we had a million-man army that it would have made any difference in the russian calculation to enter ukraine. with that said, we do have an obligation to deter conflict and prepare for what could occur. and we are reaching a point because of not only the depth of the debt reductions but the mechanism, the draconian way it's applied, where we can't move money around or balance the budget in any responsible way, that is affecting our readiness. so if you're asking me, you know, does this increase the urgency with which i articulate the risks we are beginning to accrue, sure, it does. >> woodruff: i ask because i'm sure you know there has been a crescendo of criticism, the chairman of the house on services committee, the congressman said he called the downsizing immoral. hoe says u.s. adversaries are growing bolder because of it and talks about china and russia arming up while the u.s. is preparing to arm down. how do you answer this? >> look, even at the bu

as well poor jews coming from eastern europe were attracted to socialism. and a very small percentage of those were attracted to the most radical and antidemocratic form of socialism, namely communism. for a variety of reasons, although very few jews were communists and very few communes were jews, jews in the early stages of the bolshevik revolution and the communist regime this the soviet union -- in the soviet union were often found in very, disproportionately found in salient positions in the communist regime. that was partly because they spoke many languages, they tended to be more literate than most bolsheviks and so on. al e though most jews were anti-communist, there was a small percentage of jews who were salient in communist parties. and that remained the case in russia in the 1920s and 1930s, and then over time stalin increasingly came to use anti-semitism as a tool of restoring or regaining his legitimacy. and that was particularly the case, actually, in eastern europe after 1945. in eastern europe after 1945, most of the jews had been murdered

but i'm more concerned about the larger issues in eastern europe. we saw president obama really dial back the missile defense program in eastern europe. we saw him tell the russian leader that he'd like to have more fles flexibility with our relationship with russia after the election. these are the things that are producing the fruits of the evidence now. what e i want to focus on is wh can we do immediately so that we can stop the our countries in eastern europe from experiencing this same kind of offense from russia. when you look at what president obama has done to radio free europe, for example, he's really dialed back on our funding for radio free europe and just said this debate is over, we don't need to have this pro free market capitalism human rights debate anymore and i think that's really a tragedy. we're going to see the balkans slip away. we really have to engage in this debate and it's very important for congress to go forward and say, you know what, we don't think the fight is over in eastern europe, let's pour more money into having

crude oil d natural gas into eastern europe.e have in fact a letter to the speaker of the house from the heads of state of poland, of the czech republic, of slovakia, of hung ari -- hungary, asking us. listen, at the end of the day, if we do this, we end the flaring of gas here in the united states because of the glut. we're able to help our balance of payments. we'll help reduce our deficits. it increases russia's deficit it's, frankly. it produces jobs here in the united states, but it comes at a time when vladimir putin has decisionmakers in eastern europe with respect to his power on monopoly over gas. lifting frankly these self-imposed sanctions on ourselves in terms of not exporting our excess gas, would not only boost the u.s. economy and create american jobs, as i indicated, but would reduce the energy revenues that comprise 52% of the budget for the military and the government in russia. we must break putin's energy grip over ukraine and eastern europe. this is a strategic issue. i am pleased, by the way, to have worked

their you concerned about exposure to eastern europe? about their exposure to eastern europe, because a lot of the exposure for these companies, large-cap u.s., basically from europe, major trading partners, canada and mexico -- what happens is the ukraine, in dayly we are still one, but so far it has been contained. >> i wanted to get your thoughts on the other assets moving in the 10 year. >> what is interesting in the 10 year is conversant to what i was thinking. ok, there is his bid to the 10 year, which is a safety asset, but how much of it are we really going to get? the user is down, that is not that much. >> all right, jeremy. back on the markets again in 30 minutes. ♪ >> live from pier three, welcome to "bloomberg west" where we covered the future of business. pinterest.an behind he rarely speaks to the press but i said down with an elusive interview. the latest on business and what he wants to teach the next generation of entrepreneurs. google no longer has to search for a private jet paradise. construction has started at a pri

you begin military cooperation with nations in eastern europe that want that cooperation. for instance, you reconsider putting missile defense system back in to the czech republic and poland. as you recall we pull that out as gift to russia. these are the kinds of actions you take the president is taking many of those, i'm saying what he should have done from the very beginning was have the judgment to understand that russia was not our friend, that russia had very different ambitions and interests that you have to stand strong. by the way, the president's actions in syria i belief are one of the things that led to the kind of aggressiveness you're seeing from russia today. >> schieffer: have we reentered the cold war? >> no, we haven't entered that level, if you will, cold conflict. but we certainly recognize that russia has very different interests than ours. that russia is going to push against us in every possible way. they have been doing it. look, they blocked for many years the toughest hangss against iran, they stand with assad and syria and north korea, they link

with ukraine it has leverage over central and eastern europe than it didn't have before. above all you cannot expect a russian leader to let his only warm water fleet be under the control of what he sees as a hostile pro-western government. >> i wonder if you agree with that. the big question is should the u.s. be involved in conflicts where it does not have an apparent vital interest. >> absolutely not, except in cases of a genocide where we had military options. the great paradox is that we are extraordinarily powerful and extraordinarily secure here in the western hemisphere. that gives us the freedom to medal in various parts of the world and gives us the freedom to do the stabilizing activities that robert was mentioning, particularly in asia. the other problem we face is many of the conflict that might emerge, including in ukraine, are not vital interest to the united states. but we want to make sure that we don't get our military power bogged down in places that don't matter, so when something that does challenge international security in a fundamental way does, in

crude oil d natural gas into eastern europe. we have in fact a letter to the speaker of the house from the heads of state of poland, of the czech republic, of slovakia, of hung ari -- hungary, asking us. listen, at the end of the day, if we do this, we end the flaring of gas here in the united states because of the glut. we're able to help our balance of payments. we'll help reduce our deficits. it increases russia's deficit it's, frankly. it produces jobs here in the united states, but it comes at a time when vladimir putin has decisionmakers in eastern europe with respect to his power on monopoly over gas. lifting frankly these self-imposed sanctions on ourselves in terms of not exporting our excess gas, would not only boost the u.s. economy and create american jobs, as i indicated, but would reduce the energy revenues that comprise 52% of the budget for the military and the government in russia. we must break putin's energy grip over ukraine and eastern europe. this is a strategic issue. i am pleased, by the way, to have work

possible the world freedom bell, symbol of hope and freedom to the communist dominated people of eastern europed built this powerful 135,000 watt free europe transmit engineer eastern germany. this station appears with the truth, bringing a message of hope to millions trapped behind the iron curtain. grateful letters from listeners smuggled past the secret policeg informers by name. jenna: the spokesman for the former ambassadors to the u.n., that clip was from 1955, radio-free europe is still very much operating. before we get into the details of the budget cuts, why do you think it's important still today? >> well, i think we just have seen president vladmir putin cutting the free media throughout crimea and it's clear he's on the offense. eastern europeans are very nervous. we've seen reports that those in the balkans are extremely nervous about the growing threat from russia and from others. we need to have information parity. there needs to be a way we can ensure that the debate is really saturating the public so that the publics within eastern europe are getting both sides of the argument

we could create tens of thousands of jobs here in the united states and make ukraine and eastern europe less dependent on putin's power. but most importantly, it would give putin the -- to put into the calculus here, what will happen eventually to the stock market, to the futures market on gas, to gas prom and their monopoly over europe. and lastly, what will happen to his power, his ability to finance his military? that's the way to get him to the table. >> mr. chairman, jay carney was asked about this at the white house press briefing on thursday and friday and said the administration is all for that, but the infrastructure is not in place to deliver liquid natural gas to europe at this point in time, it's still next year before we can do that. >> hold on, hold on. the futures market reacts instantaneously. if we were to announce a rollout which they're not going to do because their focus in the administration is on this climate argument. fossil fuels is not part of what they intend to do as a massive program to sell gas into eastern europe. the impediments that have been there for th

>> i think he's absolutely correct, and i think there's a palpable fear throughout eastern europe that the russian government no longer respects the borders of europe, the map of europe, that it will unilaterally change the borders of its neighbors on the pro text whether defending minority rights, restoring law and order or whatever it is in order to try to expand its influence and control over parts of territories of neighboring countries. >> ifill: nadia diuk, same question to you. >> yes, i think this push into crimea is partly for internal purposes for putin. he's creating this sort of area of a russian world which he doesn't believe that ukraine actually is separate from russia and that russian world also includes belarus and, as well, i think it's his purpose -- or, rather, the purpose to have the kremlin ideology that accompanies this russian world is to have a sort of bout of destabilized territories around russia. so who knows. i mean, this may go even further. the latvians must be having a sense of deja vu with the so-called referendum coming up sunday where there's basicall

ukraine 101 for all of us trying to understand this crisis in eastern europe on "inside story" before we look back, al jazeera america nick schifrin who joins us from crimea. nick, the state department has said that the russian military is in operational control. do you really have a feeling, a sense that that's the truth? >> absolutely, ray. you get the sense that the occupation by the russians is expandi expanding. to the basis i have been to over the last day or so are russian flags being raised, russian soldiers moving in sometimes completely unopposed. we saw one base this afternoon, what looks like coming in, set up 50 cal guns, and they were having lunch for a few hours, doug in right there down the blockug in right there down the blo block an armory, and frankly, they were welcome by the people. we saw about six or seven people ride up in a big, almost paddy wagon waving russian flags. these russian soldiers welcoming them. i spoke to one mother with a young son holding her young son, and she said, look. what we believe is that the things happening in kiev, we think they are a

but this is a problem that we also have in eastern europe and in eastern and southern ukraine. because you had some eight million ukrainians also perish during stalin's rule and ethnic russians came into that area as a consequence. now, the thing we need to remember is that it is in fact the russian-speaking population in the east, as well as the ukrainian-speaking in the west, that voted for independence for ukraine. that voted strongly to have a separate state. and if the -- this issue is allowed to stand without the world responding, the question is, is that argument then made in latvia and estonia? is that argument made in all of the former russian states? i do not think in any way this is comparable to kosovo. in kosovo nato responded to a brutal campaign of ethnic cleansing by former ugeslaskian forces. in crimea, russia attempted to justify its actions by fabricating the myth of widespread violence against the ethnic russian population. even going as far as to equate it to the bloodshed occurring in syria. clearly this is not true. we know it's not true. in terms of the

the reason we have 600,000 troops there was the fear that the soviet union would expand out of eastern europe and invade western europe and we wanted a sufficient deterrent to stop them from doing that. there is no reason to believe that now. russia's interest in the ukraine and our interest in the ukraine and not be on that. our forethought reflected the threat and we could have had 600,000 troops in western europe. i don't think that would have changed his calculation. i don't believe he would have felt we would've sent the man. go back to the 1950's when vladimir putin went to czechoslovakia. we were arms to the teeth in western europe at that point. we did not respond to the soviet invasion of czechoslovakia because of the strategic calculation, not because of how many troops we had there. host: when the president called russia regional power, not a superpower, what was the reaction by vladimir putin? guest: his biggest trouble is he has to much pride. he is using it in the wrong direction. russia wants to be thought of as a global power and a global player and they're going about it all

the soviet union took the army out of eastern europe and dissolved the pact and we moved nato to central and eastern europe to the former soviet republics and tried toably in ukraine and georgia, he is saying get out of our face and space and that's why the whole kremlin got up and cheered and applaud and wept. >> he is at 85% approval because he shut down any voices of opposition in the media. they call themselves a democracy but it is not. it is a rubber stamp legislature. if that is the kind of country you aspire to, pat, we can set rules at the top and have no opposition. this is a selective reading of history but i am not unsympathetic. with nato after the collapse of the soviet union we pushed into countries he regarded within his area of province and perhaps we did overly provoke him but the notion that the u.s. is trying to encroach upon him and that this is a recreation of the cold war, what he is yearning for, he uses the word bipolarity when there were two super powers when he was the big man on campus. that's what he wants to be the center of attraction. i think the president

to give you an idea of the economic exposures, even eastern europe mostly exposed to russia and ukraineoesn't have more than five to 10% exports exposure to the region. global investors in the united states or europe don't have more than 2% of their foreign assets invested in russia and ukraine. that is true for fixed income and equity. the big question here is energy, right? some countries are extreme exposed to russia, natural gas pipeline especially hungry and turkey. even western europe, which we talk about a lot in their exposure to russia, up 25% of their energy through natural gas, 25% of that is through russia. if you add it all up, the exposures are unpleasant, but they look very manageable from a global contagion perspective. liz: what are you advising your clients to do right now? >> wise to maintain perspective. russia doesn't have an interest in a divided ukraine. want a neutralized ukraine. while there holding down in crimea similar to georgia with the forces, it has forces all over, it has these levers in place, but what it wants is a negotiation with the germans in parti

russia's intervention in ukraine has eastern europe on edge right now. vice president biden landed in poland this morning to try to assure the u.s. allies that we will oppose russian aggression. >> joe biden's visit, the u.s. vice president delivered a clear message to nato. >> the united states stands shoulder to shoulder with missions around the world. but the bedrock of our alliance remains collective self definition, as described in article 5 of the nato treaty. >> reporter: with russia increasingly assertive in eastern europe, it goes down well here. the immediate reaction in the first days of the ukrainian crisis, sending in additional american planes. those planes, 12 f-16 fighter jets, arrived here last weak week, a clear sign that poland now looks west for protection. there was a time when poland was under soviet control, it's not hard to find. this is a controversial moment for polish people. buried here are 21,000 of the soviet troops who died liberating poland from the nazis at the end of the second world war, but not relieving poland until 1

it was natural because it's a neighborhood where a lot of jewish immigrants from eastern europe but subtle ignoring and a little body into it we know and by the end of the fifties and beginning of the sixties the club played in the first division and became one of the best teams in argentina winning the nationals with stucco. these all happened under the leadership of one man. she and a girl with only a little in the present the clove wesleyan couples. a jewish immigrants from eastern europe who was a merchant of the neighborhood and a member of the communist party. that's why the lancer with the jewish community even more than the neighborhood. so much that nineteen sixty three atlanta went to israel to play against the national team. i'm a coffee time with the club. you don't go my diary that i read today just a few where's the name of the articles books and many of the following account the president's with jewish catchy title a famous radio host and one of the biggest upset of times even did you who supported the team have a story with the bishop this book loved it too but the sun then

we've seen the ability, the use of a gas lines, that exist in eastern europe with the reverse flow of that gas to send 2 billion cubic meters last year in to the ukraine. the ukraine is in this tenuous position, and frankly, russia's annexation was made easier by the energy grip it had. the fact that if we get energy or gas in to eastern europe, that we can use existing pipelines to get it to the ukraine is an important consideration. now, clearly, it would take time to ship that gas but at the same time markets tend to move instantaneously with information and if we telegraph the message that that is our intent then we already begin to see the impact of that on the futures market of gas, gazprom, really, is the state controlled gas company that putin has used to cut off the supply to ukraine. and earlier this month, it did this just as it did in 2002, and 2009, gazprom recently, i read in the financial press, is now saying it's going to double the price ukraine pays for natural gas, which would really cripple the economy there. so that is why mr. sherman, that is why i raise this as

>> the russians have a major control, major influence on most of eastern europe through natural gas. we have to distinguish between natural gas which is a gas and crude oil which is a liquid. if you want to move a liquid from one place to another, you put it in a dixie cup, and move it anyway you like. natural gas has one way of being transported, through a pipeline. >> hi, we're poland, we'll take our natural gas -- >> the only other way you can get it across is through what we call lng which is liquid natural gas. it needs to be cooled, to be transported as lng needs to be cooled to minus 260 degrees fahrenheit, then put it carefully into select containers that you can transport overseas. this costs a lot of money. >> right. >> this is why permitting, you can permit all of the natural gas exports you want. there are very few energy companies we're going to take building these things. they cost $2 billion to convert an import plant into an export plant. 5 or $6 billion to start. >> we're not turning on the taps overnight, and all of a sudden it's like. >> nobody wants to. most of th

it also accepted into the next station its satellite states in eastern europe. ninety ninety one to save the union bank of pots or in the end christ yeltsin became ashes test democratically elected president. he demanded the resignation as an example of the town and together with his clique in kiev them and yell to see at the end of the ussr. most kids hate being using its grip on the pharmacy the event updates and three the expansion of the eu in a tent in the west is including clay center. since adam and pete and came to pass in nineteen ninety nine. he is tied to trees and concrete things into the russian sphere of influence. he demonstrated gastronomic tactics and text now. send me an e on the cheek russian separatists in the evenings in the gc in the capital grozny to drop and actions and not to preach was on sale once again in two thousand and eight. when robson forty five day war with georgia. the results the film as saying the is joined to the lost control of the breakaway region of abkhazia which provided a key strategic gateway to the back seat. the cr

on up eveneding the post-cold war order in europe and reversing russia's loss of dominion over eastern europe, the caucasus and aamerica elsayed today the european union is preparing a second round of sanctions and declared while putin was supposed to host the next g-8 meeting of seven of the world's largest economies plus russia, that group is basically dead. >> it is clear that as long as the political conditions for the g-8 are nonexistent right now, the g-8 does not exist anymore, either as an organization or as a summit. >> as pro-russian forces stormed the a chip in ukraine, putin's foreign minister sergei lavrov fired back verbally at the u.s. and its allies. >> translator: they trampled down the law to place in power their stooges. those who rely on open ultnationalists and accuse us and the cimans of breaking ukranian law, absolutely void from a legal point of view and simply unacceptable from a moral point of view. >> reporter: next week the president will meet with merkel and other european sidelines on the nuclear summit in the haig. they will call it a g-7 in a snub of russia. >>

is now going to provide a missile defense to eastern europe. >> that would make them move out of crimeahere. >> the problem is, bob, this president came out and said we didn't need a missile defense agreement because the purpose for them was for iran, who president obama said was not a threat. he could come out and say missile defense in eastern europe, much like president reagan did when he put immediate nuke range missiles to counter the russians. however, he has not done there. and there is a crisis at the white house that he has to deal with. they lost a pastry chef, so this is really important, and he will get to russia when he has more time and he figures out what's going on with the croissants. >> i also think it's remarkable how president obama is the commander in chief, the leader of the free world. the president of the united states is the one who sets the foreign policy of the united states. if there are people who are offering other suggestions like steve hadley and david wilson, condi rice, just off the top of my head, things i have read in the past week, he could take thos

it is also working the other ways -- the other way because anyone in eastern europe also seized sharesa lot of banks in france and germany and holland saying share price losses because they have exposure. >> and no leverage. >> what would motivate the west and europe to take action against russia? >> the problem is, it will take economicave just sanctions. they will have to put politics into it. they need russia. it is a key vote for dealing with problems like our ron -- iran and syria. the only thing that could really influence them is if it starts to spread to the other former soviet republics like belorussia or georgia or romania. then you might see more action. at this point most analysts say probably not going to happen. >> stay with us. russia's military intervention in the ukraine also has potential to impact u.s. companies from derailing energy explorations. deal. to bring in alex digging into the numbers. what companies could get hurt? mass of companies that have a presence in russia, but it is small. >> true. russia is $11 billion market to the u.s., 2 billion and aircraft sa

the eu has lost a lot of geo political band width in central and eastern europe.is has emboldened putin with the eu weak with the russians buying up assets here, there, and everywhere, in central and eastern europe, the united states needs to -- needs to fashion a stronger bulwark to make sure that crimea, like georgia are one off, that they don't indicate a trend. >> robert, i want to get back to that point you made about crimea being gone and this idea of self determination for regions inside different countries. you know, pooped, himself, called kosovo's independence in the late '90s a terrible precedence which will de facto blow part the system. back then, russia was very upset kosovo was split from serbia although the united states was in favor of that. now we are seeing kind of a reversal here is it fair, steve, for russia to want to take crimea especially since they are calling this refer endsum? >> you have to understand great powers are very creative in finding rationale for what they want to do at any point in time. the united states came up with a cleve

, proving that through the united states, it can take measures to reassure those countries in eastern europexiety about what russia is up to. wolf? >> largely symbolic. for these eastern european countries, important steps. stand by for a moment. i want jim shciutto, our chief national security correspondent, to way in as well. these are largely symbolic but will be seen by the russians as provocative steps at a minimum and could cause russia to react? >> i believe so. you and i have been talking about this a lot the ras the few days. it is often said, there are no military options on the table. in actuality, there are options on the military catalog. this is what you are seeing here. sending those signals of support on the western border of the ukraine. the baltic state in the north. it is not boots on the ground in ukraine. no one is firing any slots. extending an air mission in poland, a few more aircraft. a lot of meaning attached to that. obviously, these have been calibrated so as not to spark an angry reaction from russia. they are very settle. they are things that were existing that

the russians do have a major control, major influence on most of eastern europe through natural gas. but we have to distinguish between natural gas -- which is a gas -- and crude oil which is a liquid. if you want to move a liquid from one place to another, you put in the a dixie cup and you can move it any way you like. natural gas has two ways of being transported, one is through pipelines. now, the united states can do nothing in terms of creating a pipeline to all of these eastern european nations that are under -- >> like, hi, we are poland, we're a few kilometers from russia, we'll take our natural gas. >> that's exactly right. the only way you can get it across through permitting is through what we call lng, which is liquefied natural gas. it needs to be cooled, natural gas, to be transported as lng needs to be cooled to a minus 260 degrees fahrenheit then put in very, very carefully into very select containers that you can now transport overseas. this costs a lot of money. this is why permitting -- you could permit all of the natural gas export plants you want, there are very

strong diplomatic force and diplomacy with muscle, there is a lot of different types of things in eastern europe that don't mean boots on the ground and we keep hearing from the administration that we are war weary and we don't want to go to war in europe. secretary rice is saying there is a lot that we can be doing. >> like what? the president was on cbs urging putin to pull back. it doesn't appear to be the case. there is 50,000 or hundred thousand russian troops between crimea and ukraine and russian border. >> what is on the chipping block, the obama administration wants to cutro for europe. that is a force we should not cut. we should immediately launch an information war using radio free europe. it is important to have the conversation in the region and not washington d.c. and upper oast side of new york. we need to be in the debate and in the region talking about free market and talking about human rights and talking about all of the things that we know are a much better way of life than the russian alternative. and putin is on the march and we get ready to remind those in eastern europe

and ent's where we appear to be heading in the relationship with the ukraine and really with eastern europe. >> i think we're in an absolutely weakened position as we sit here today. there is no clear consensus about what the western response should be to the incursion into can crimea. there should be sanctions. but we really don't have anything in place, we don't have the europeans onboard and bottom line, we look like a weak nation and it raises concerns about other former republics of the soviet union. >> matt, it's clear that the president is trying to bolster nato, stepping up, adding i believe six aircrafts into a rotation with a refueling aircraft, to patrol the northern region of eastern europe, that's principally the balkans, what is your reaction? >> i think what's making the american people nervous is that there doesn't seem to be a plan and if we look at what they have been doing in syria and other places, it dund lead to some coherent approach. secretary hagel announced all of these new cuts to the budget at defense. today, we're supposed to believe they're going to take tough

the next question are the cities in eastern europe craned. -- in eastern ukraine.hat is what the u.s. intelligence people are watching right now. forces on thean border. put in talking about the putinment being the -- talking about the government being illegitimate. >> is there any way for him to get to an off ramp? >> there are a lot of off ramps. but i don't know anybody that thinks he is going to take one. >> this is not going to stop. >> there is no way to stop it. no way for the west to stop it. that is what encourages put in. -- putin. ciaet me turn to the versus congress. give me a portrait of john brennan. >> he is a longtime officer. he was involved in the bush miss ration's war on terror at the cia, before the white house. bush administration's war on terror at the cia, before the white house. he is deeply involved in what most people call torture. cia, butthe site -- the obama's refusal to give up documents to the senate about what happened during the bush and administration. that is one of the things diane feinstein is concerned about. not just the agen

there are gangs that have been operating for years in russia and elsewhere in eastern europe.here was an indictment last year in new jersey that focused on a gang like this one that had been responsible for stealing 160 million credit cards at least from everyone from jet blue to citibank. a goes all the way back to the heartland payment systems. those guys have been operating for years, basically untouched in russia. u.s. law enforcement, it is not like they have not tried to do something. i talked to a former fbi agent on this the other day and he is like, it depends on the cooperation we get from the home country. we can give them a name, a file, but if they will not respond, we cannot do anything to lay hands on these guys. the one they have tried is the try to lure these guys out to different countries. they will lure people out to do a business deal or have a party in the netherlands and amsterdam on the pretext that they are another bad guy. if those guys get on a plane and fly to one of these countries where they have better law enforcement cooperation, they can actual

this means the eu has lost significant geopolitical band with in central and eastern europe. the russians have been buying up infrastructure and other properties throughout central and eastern europe. people from estonia in the north to bulgaria in the south feel threatened. the eu doesn't have the influence that it had a decade ago. >> the russian ambassador to the united nations is here. he looked at me and said, show me $60 billion coming in here. it seems the russians don't believe they have the will or the economic resources to do that. >> europe, russia is making a bet that europe is too linked in with russia because of its energy needs. russia is now the top dog in the world of natural gas market. 5-10 years from now that will not be the case. it is now. the web work of pipelines going into europe compromises europe. and makes it impossible for the individual european countries to enact the sanctions and level of punishment on russia that president obama would like to see. >> are we looking at a president, the reason he came into office was to get his out of war and co

as mike said, there's a lot of natural gas that goes into eastern europe. or central europe. it's winter, and regardless of heating, germany and italy need the gas for industry. at what point do we worry that rush about retaliate in a way that shuts off the natural gas flows. >> it's the e.u., deciding to put in trade sanctions. russia will retaliate. they'll retaliate by pulling investments out of central europe, through cut-offs, and going after western firms inside of russia. this does not mean that the united states will not be hit by this as well. there are large firms inside of russia operating with tens of billions. firms like exxonmobile, general motors, boeing that has a business plan reliant on doing business inside of russia. >> lauren goodrich, agreed conversation, senior eurasia analyst at stratfor. >> crunch time for obamacare enrolment. sign up in the next two weeks or face a fine. we'll look at why a lot of americans have not enrolled and say they don't plan to. later, riding out a tough job market at home. young americans living with mum and dad instead of mo

ukraine stayed whole, and all of the trade that went through ukrainians from russia into eastern europe and the rest of europe stayed the same? >> then you have all those baltic states who are feeling pressure as well, and they don't feel secure in their democracy. >> they feel like they're next. >> so many people have given their lives to have a strong democracy there. i think that -- i see your point, and i thing that's the one that russia will make to moldova and other places in the region, and then putin is actually then able to amass more power. >> except i think eric is right on a point here. it does sound like we're weak. what if we did it in exchange for the ukraine being part of nato? >> are you willing to do it everywhere else? >> bring ukraine officially into the e.u. >> that goes back to something that you said -- >> not a bad chess game. >> is there anyone who would be -- >> i'm not willing to trade people. >> dana is like, no. >> i think the eu has got to step up to the plate. they were the ones who denied expansion to nato, to both georgia and ukraine when they had the op

at what point do you take the news out of eastern europe as a small event, non event or something that goes further. it seems there is a lot of nervousness about where the situation goes and how you played that. >> seems to be a lot of nervousness in the papers but not financial markets. today is a purist on day, i never would have fought the reason we would be sent to a new high on this much volume and strength especially in small cap stocks which are leading the way the next couple years would be because of limited invasion and not a full-scale invasion of major powers. i am confused about this right now. what i am doing after the january earnings report islittl material sector and we thought volatility was pulling out. in the short side of those, the volatility in the market has gone up considerably. i want more protection and if this follows through tomorrow or the next day i will be taking some money off the table before the employment report. the fundamentals of the stock market. liz: you are taking advantage of this volatility and making profits to protect those profits. let's g

in the black sea, we have two dozen aircraft, that have been moved into position, in eastern europe.long border with ukraine and russia. that aims to what in the way of a -- amounts to what in the way of a force that could retard the advance of a russian military unit, or, air assets? >> very good question. it does not amount to much, it does, starts sending a signal. that nato, and would like to see other europeanations participate in those defense air exercises. but we should be doing, because of the treaty or memorandum of understanding that we signed in 1994, from belgrade memorandum, then the president obama signed it resigned it in 2009. we would support ukrainians. against any outward aggression this is important that we stand by our words, we have to be calculating. but i think we should start flying aircraft over the ukraine. at the ukraine government's request, and have, awacs and joint stars and other intelligence survey listen and, global hawks this type of thing to get a good intelligence picture, we can communicate with the russians, i believe that north atlantic counse

him and i know whether he wants to annex crimea and proceed to eastern europe ain't. union.utin is and have a cigar ally in the world. he can intimidate and tried to intimidate ukraine and intimidate our media, but we have got nato. we had 28 countries, to north america, 26 in europe that all should be here. we could isolate him to magically come over the long run, i would say that advantage -- he cannot digest ukraine. he cannot divide it without tremendous lyrical costs to the russian federation. i think obama is probably playing for the middle or late around. >> i would emphasize that i think it is a 15 round match. i think putin is playing for the long-term. we can affect the later rounds, but only if those many countries are willing to come together and are galvanized into fairly decisive actions. secondly, it will depend on ukraine. ukraine is an economic basket case. government, new cannot perform. the country is further into economic chaos. it may come unstuck. putin may have other options at that point in time. i think we have to take a long-term perspective here an