i.m.f. neo liberal policies after decades of economic struggles and it was a huge for. africa in the places where he was most. personal and. since their inception the world bank's president has always been an american the i.m.f. director always a european despite the one hundred eighty seven nation membership the world bank and the i.m.f. or located three blocks from the white house for a reason this was the structure of political and economic power in one hundred forty four nine hundred forty six and that's the primary structure of power in the world today five of the largest emerging nations in the world today are demanding an end. western monopoly over the global institutions. brazil russia india china and south africa say it's time for leadership of the i.m.f. and world bank to work flecked changes of the global economy a transformation from a club based to all inclusive. party new york as of it is next for you it's underway. hello and welcome to business sanity thanks for joining that b.p. and roll snaps and i had done gold a golden carrot in front of the show sort of jugglers ten k.p. but it seems become pentagons an entire bunch overnight hyping its mult

i.m.f. chief economist simon johnson says it's the u.s. that pulls the strings the world bank and the i.m.f. are located three blocks from the white house for a reason this is the structure of political and economic power in one thousand nine hundred forty six and that's the primary structure of power in the world today five of the largest emerging nations in the world today are demanding an end to western monopoly over the global institutions brazil russia india china and south africa say it's time for leadership of the i.m.f. and world bank to reflect changes of the global economy a transformation from cloud based to all inclusive for an i.r.c. new york. now let's take a look at some of the stories from around the world and they happen or you see your response crews are carrying out the first intensive searches for earthquake and tsunami victims near the fukushima near the bush era nuclear plant if you're up to a thousand bodies could be in the area or cover your which has been delayed by radiation fears efforts to stabilize the stricken nuclear plant continue after the cooling

world today are demanding an end to western monopoly over the global institutions. brazil russia india china and south africa say it's time for leadership of the i.m.f. and world bank to reflect changes of the global economy a transformation from club base to all inclusive. new york and for more on the role of the i.m.f. and world bank earlier i spoke with richard esko writer and senior fellow at campaign for america's future also former consultant for the world bank i asked him neo liberalism privatization just break it all down some of these i.m.f. policies and explain how they've hurt some of the developing countries take a listen. at the i.m.f. and since its creation and especially in the last few decades has always tended to push. the measures on the governments that come to it for our very severe ones in terms of social programs aid for the poor and retirement benefits that sort of thing and along with that they also have a very strongly emphasized deregulation of the banking industry the financial sector loosening the rules privatization of state owned businesses and that kind of thing i don't lot of people feel that's gone to such an extent that it's destab

i.m.f. and world bank to work but changes of the global economy. have a look at the grave consequences of the western monopoly over financial institutions and. i can't even explain what i felt inside when i met him he gave me goosebumps when i saw him as our russian bombshell describes how she fell under the charms of now but he last on the tie in prime minister more details in just a few minutes. in libya nato has launched new strikes down pro-government positions while the coalition leaders have pledged to push the campaign until colonel gadhafi steps down the british m.p. very gardiner believes the international forces have used a humanitarian cause to get their hands on libya but it has all been about regime change from the very beginning. i don't believe that what is now going on is justified indeed at the beginning it was made very clear by david cameron and others that this could not be about regime change this was about humanitarian protection well that is clearly no longer the case and this is clearly no longer the case then britain should

i.m.f. and world bank ousted president hosni mubarak's old public companies to local and foreign investors while forty percent of egyptians earned two dollars per day it's definitely a catalyst and the timing is very much related to what was tremendous financial deregulation and opening to the privatization by external banks of egypt in other countries and what has had dramatic negative. circumstances after that egypt may eventually go the way of latin america or socially oriented governments have rejected i.m.f. neo liberal policies after decades of economic struggle it was a huge for. you know africa in the places where he was most. presidents. since their inception the world bank's president has always been an american the i.m.f. director always a european despite the one hundred eighty seven nation membership the world bank in the n.f.l. located three blocks from the white house for a reason this is the structure of political and economic power in one thousand nine hundred forty six and that's. problem structure of power in the world today five of the largest emerging nations in the world to

i.m.f. really a liberal policies after decades of economic struggle it was a huge failure and when america you know africa the places where the i.m.f. was most. you had a personal failure since their inception the world bank's president has always been an american the i.m.f. director always a european despite the one hundred eighty seven nation membership the world bank and the i.m.f. are located three blocks from the white house for a reason again this is the structure of political and economic power in one hundred forty four nine hundred forty six and that's. the primary structure of power in the world today five of the largest emerging nations in the world today are demanding an end to western monopoly over the political institutions in brazil russia india china and south africa say it's time for leadership of the i.m.f. and world bank to reflect changes of the global economy a transformation from base all inclusive. artsy new york. that's akin to the world of business with kareena hi kareena hello laurie nice to see here so russia must be the world's best place to work we have a number of billionaires and we can treat is tripled in just two euros well that's right well the latest forbes list now include

hey there and euro i think from the i.m.f. the world bank is created back in one thousand nine hundred forty four you finance reconstruction in europe and to develop the third world but let's break down the evolution of what they've come to mean over the last half century what's changed in terms of what they were supposed to be and what they've become so we're going to keep in mind as they grow they emerged and even if you wouldn't work it's confidence all plans to create them are actually implemented earlier and spit out specifically and once you were gone in one thousand into the council on foreign relations which is in the u.s. and in. war plans during the war the state department. redesigned the go on any new world order in which america will soon greet do this. he came up with you know if you know of three major institutions. in which he and which became the i.m.f. the world thank you would essentially and age the third world latin america or africa or asia or the benefits us western european nations but that's not the way it was sold i

i.m.f. and world bank is richard s. now writer and senior fellow campaigning for the campaign for america's future thank you so much for joining us now in that report i don't know if you can hear it but the reporter was talking about the role of i.m.f. policies in developing countries that have hurt their economic growth pushing neoliberal policies and privatization and i think in the developed world people are really familiar with what exactly that means but i mean anybody on the streets of brazil where i reported a homeless person can tell you the impact it had on our country you kind of break it down a little bit what these policies are sure the i.m.f. and since its creation and especially in the last few decades has always tended to push austerity measures on the governments that come to it for oh very severe ones in terms of social programs aid for the poor and retirement benefits of that sort of thing and along with that they also have very strongly emphasized the regulation of the banking industry the financial s

i.m.f. and the world bank which meet this weekend here in washington d.c. are going to be ready to listen to these emerging powers then it's a rare up at presidents obama sarkozy and prime minister david cameron lay out their plans in libya and as these leaders make it very clear that off he must go we can't help but wonder is this a march to an all out war with boots on the ground and it's friday so we're going to celebrate properly with a toast and happy hour i'll be joined for some drinks and some fun by produce a jet producer jenny churchill and think progress as alex cites wall to china some of the hottest stories making a buzz this week but we're saving that fine for the end of the show right now let's move on to our top story. as congress continues to bicker over how to spend money and where to cut money one area still gets bypassed it's military spending but some politicians vowing not to turn a blind eye to the practice any longer as necessary domestic programs are getting cut all while we extend our wars abroad parties christine for example has mor

i.m.f. and the world bank are they really ready to accept that perhaps there is a new economic order in the world that perhaps they have to let other countries like brazil russia india china and south africa really chime in and have to say. i haven't changed much at all. they've made some very minor changes in the voting structure but it's really run by the u.s. treasury department and the european authorities with maybe some input from japan from trees and that's the big problem because this is the reviews of it was cold for institutions in the world. but it doesn't have that kind of authority. from the world together. what would have to happen in order for these breaks for example in order for the margin connelly's to to be satisfied right i mean you could say simple things like well the president of the world bank has always been american and the director of the i.m.f. has always been european you know but what steps at least minor steps can start satisfying some of their needs they could do quite a bit within the i.m.f. the i.m.f. is the leader of the bank is much bigger but it's subordi

africa and asia is like the world bank and i.m.f. i mean. developing. restructure. and xander they're not just a restructuring their economies are trying to pay back is that a lot of times the restructuring the entire landscape of their country i mean you take these gorges rain forest in some of these third world countries places where certainly a lot of things could come out of and they're having to you know tear these down to build crops to make money to pay back their debt what do you make of all this and what do you make of the fact that you know the i.m.f. on the world bank had this meeting and they're talking about these policies and how to fix things when a lot of critics at least they don't ones who caused this. i was a little you may have a significant role and since they essentially act a new monument to sion like you pointed out they have to deconstruct rain forests and asian cultures and focus on what's experts and use for reducing the cash and reminded it will respond. or exploit this was a trade or something that would magically increase production. an

i.m.f. and world bank may have had a hand in creating the crisis from the start. and creating the message of the internet opens a whole new world to and from america is there a double edge sword and is america ready for it. and what does it take to convince a country to go to war some say how come a lot more than what was given to invade libya so did president obama exaggerate the humanitarian threat to justify military action. and you're hired from his famous hairdo to a t.v. show ma and a with model life and a small fortune could this man be the next u.s. president or is his time in the limelight just hate. it's monday april eighteenth five pm in washington d.c. christine friends out there watching our t.v. . well the international monetary fund and world bank wraps up its spring meeting in washington with fresh concern over a global financial crisis but as the institutions prescribe solutions critics argue it's those very policies that played a role in the meltdown in the first place argy financial correspondent laura lister reports. that. as protesters to cry t

and africa are the places where the i.m.f. was most well you had one person today since their inception the world bank's president has always been an american the i.m.f. director always a european despite the one hundred eighty seven nation membership the world bank and the i.m.f. all located three blocks from the white house for a reason this is the structure of political and economic power in one thousand nine hundred forty six and that's the primary structure of power in the world today five of the largest emerging nations in the world today are demanding an end to western monopoly over the global institutions. brazil russia india china and south africa say it's time for leadership of the i.m.f. and world bank to reflect changes of the global economy a transformation from club based to all inclusive growing up or ny artsy new york and ask him to do it for now for more on the stories we covered go to our t.v. dot com slash usa check out our youtube page it's youtube dot com slash r t america and also follow me on twitter at lauren lyster and please do and send me a message and let me know what you think of our shows and please

i.m.f. and world bank say that they are interested in reducing poverty and development all their actions and said otherwise and the repercussions of their actions have exacerbated poverty. created a new developments and you look at africa in latin america during the sixty's coming out oh because monier our independence movements these countries are the ballot in quite rapidly in africa the growth rates which remain until the oil prices which are in fact the world puts in places were supported by the state department. and this created a flood. of money through the western banking operations in going to these developing countries the finance industrialization they essentially act is the you know new institutions they have to deconstruct rain forests and a group culture and focus on what's exports induce growth and make countries produce certain crops for export here freemasons and then that's making the entries and then from your emissions for food and other services and creates an tendency not only are they interested in the kenyans manage the so-called irrelevant right now they're also tryin

i.m.f. and the world bank. well just as at that time we needed global cooperation to deal with a global crisis once again we need global cooperation to get us out of this current crisis but also to help us make a transition to a new type of economy a new type of economy where power is more widely dispersed around the world but also an economy that can deal with climate change and make a green transition that we need so we this is a fitting place to have a conference at this time and we have this short term challenge in this longer term challenge that requires global cooperation and the the bric countries are going to have to play a role in both of those respects you alluded to a new economic system or a new economy if you will in your opinion what problems or even institutions in the current economic system pose the greatest threat to global stability now. well the banking system the financial system worldwide is still very vulnerable and still is likely to create similar kinds of problems in the future that we

i.m.f. and world bank for emerging markets especially the brics has to be followed by a political reform at the u.n. security council this is much more complicated because the european elites specially and washington they just don't want more seats at the table for emerging markets like obama more or less promised india a seat at the security council he was in brazil three weeks ago and he skirted the issue completely and obviously the brazilians are in fact this i think is one of the major mistakes of brazilian foreign policy that they are putting all their chips in this we want to be recognized with a seat at the security council this is very important it has to be a group of countries has to be germany india brazil indonesia turkey thought the reform of the u.n. structure which is totally dependent from the u.s. at the moment any having for instance militaristic asuka's ian david cameron which practically launched a war based on a resolution they draft inside the un security council ok fredricka and i can go to you as i want to hypothesize let's say it's two thousand and fifty has the wes

i.m.f. and world bank and all spring meeting and while some blame turmoil in the middle east for standing economic recovery washington also came in for a fair share of the criticism its failure to tame a huge public sector debt and budget deficit has triggered calls to strip the u.s. off its right to give financial advice to others as. reports. and when you will spring gathering about the world economy produced a dreadful financial forecast we are one shock away from a food crisis critics say through the establishment of the international monetary fund and world bank america has positioned itself as an economic dr to the world using the institutions to retain global domination and fulfill the business interests of large corporations creating resources belonging to cash strapped countries to. pressure governments to cut spending or raise taxes there could be very very dangerous. recession worse by tale all too familiar to latin america the middle east. and most recently greece. where tens of thousands stormed the streets protesting austerity measures public spending cuts and tax hikes. as the large

world's u.s. financial institutions the i.m.f. and the world bank are points into pro blogs on the pilot's recovery but with washington's debts by relaying analysts say america should solve its own troubles with four hundred thousand foreign style that. if you face is a nazi generation with one in five young people out of work and few prospects of getting a job in the tough economic climate the country is battling red suffering the same fate as greece. here which is here in sports now. well i was going to have you with us as always for the headlines runs to barcelona and real madrid have to do battle in the cup of the already final and the second of four all class opposing eighteen days. well in the campaign to take charge and spoil a march before settling down and spacek head coach. from the always signal cultural practices of a russian national hockey team they continue their preparations for war championships . will start with a ball in spain where real madrid barcelona in their battle on wednesday in the second of their four el classico meetings

world's u.s. backed the national institutions the i.m.f. and the world bank pointing to roadblocks on a path to recovery with washington's debt spiraling in the same america should solve its own troubles and the honey out of bars to others. and italy faces a lost generation with one in five young people out of work few prospects of getting a job in the tough economic climate the country's nothing to prevent suffering the same fate as greece and ireland. but richards ahead now with all the sports news this hour for another huge match in spain tonight which some current carry in a second the four installments of el classico on a player. real madrid there was plenty of all of that will come out as well as it needs playing sounds kind of russian car but also in england all the violence and plenty more to look forward to coming out right now. hello world and sports players what have you with us for starters always have one. to barcelona real madrid have to do battle of the reply and all the second the four el classico is in eighteen days. when the carpenter take c

i.m.f. and world bank were created a new forum hopes to reshape the world. for the past ten years and dozens of russian children have been neglected or at least seventeen have died in the care of their adoptive american parents a new agreement regulating the process between the two countries maybe some decisions may but for now the road being of hundreds of foster children across the u.s. remains unknown is very true she got reports. what makes me. want such a tape which caused outrage across america and beyond an american mother recorded a video of how she punishes her adopted washing boy and sent it to a popular t.v. show. but rather mean hot sauce into seven year old christophe's mounts did not seem enough for jessica beagley a freezing shower was next. and that right now. we tried a lot of different things to punish the kids spanking we've learned does not work this time it was only after the television troll that authorities looked into the well being of the abducted russian war jessica beagley was charged with child abuse the adoption system in the us i

i.m.f. and world bank have warned that food prices are at tipping point, having risen 36% in the past year. they're now close to the levels they reached at their peek in 2008. back then they provoked protests and riots in many parts of the world. the increasing cost of food has been much more dramatic in low-income countries. the world bank estimated it pushed 44 million people into poverty since june last year. earlier, i spoke to the lead columnist in the poverty reduction and economic management group of the world bank. for him, there's no question, the poorest must be protected from food price increases. >> it's always the poorest who are the hardest hit. they spend the largest share of their incomes, so even the smallest increases can tip them over the edge. it's generally the poorest in the poorest countries. in fact, what we have seen is that when commodity prices spike, it's the poorest countries which have the highest food inflation rates as well. so unfortunately, it's really the poorest among them, the women and children who are most vulnerable. >> we've seen this happen before.

i.m.f. and world bank the need for the further of forms of international. currency and financial system was discussed today at this made him on this legendary time here as so for the other agenda items like radiation. a wall prices for. products and descriptive decisions now the experts and their leaders on the edge of serious over countries are trying to specific by the agreement so that it's to raise them at the g twenty summit in cannes and now they import some events over this may turn his deduction over the action plan which purpose on the development of economic relations interaction with energy aid so framework as well the more active for inclusion and gauge moment in our preparation no for those structures of the civil society russia has made its contribution into the development of this plan and will be actively involved in his employment the asians when they say that we intend to develop new forms of preparation then scientific and technical in the innovative. areas so we are prepared the whole number of initiative and we do here with our proposals

i.m.f. and world bank were created a new forum hopes to reshape wells economic landscape. in front so women are now officially banned from wearing a food face and whales in public after a controversial law came into effect the government says that helping muslims adapt to community critics accuse president sarkozy persecuting islam to win back votes from the right the country with europe's biggest was and population a lot of risks igniting social tensions as daniel bushell reports. hindus just become a criminal from today a new french law covering your face in public is designed to make muslim women integrate in society but the softly spoken single mom says he's had the opposite effect. my friends have simply stopped going out at all the new rulings made some scared to speak out many valid not to change the way they dress and move on the minds of what the french republic stands for says business men he pledges to pay the hundred and fifty euro fine for anyone who continues to wear a veil and is taking the dispute further that also we are seeing france in the european court

i.m.f. and world bank quickly if you form hopes to reshape wells become it landscape. in the past ten years dozens of russian children have been the blacktip least seventeen guiding the care of their american parents and the agreements regulating the process between the two countries maybe signed as soon as may both are now at the well being of hundreds of foster children across the us remains unknown. what things look like to me. was a tape which caused outrage across america and beyond an american mother recorded a video of how she punishes her adopted washing board and sent it to a popular t.v. show. but ramming hot sauce into a seven year old christophe's mouth it not seem enough for jessica beagley a freezing shower was next. and right now. we've turned a lot of different things to punish the kids spanking we've learned does not work with a star it was only after the television troll that authorities looked into the well being of the kid washington jessica beagley was charged with child abuse they'd option system in the us is such that once a child is adopted by a

i.m.f. and world bank meetings and then what is going on with the g.o.p. there are emerging front runner seems to be the donald and quite frankly the rest of the early presidential candidates aren't your typical g.o.p. material either so is the entire party getting a facelift before the two thousand and twelve election is that a g.o.p. it revolution now rick has got all of that and much more on tonight's show but first let's move on to our top story. now if you live in the u.s. and you abide by your patriotic duties then you're well aware that today is tax day and we got an extra three days this time around but i don't think that kept anyone from procrastinating staying up until the early early morning hours then waiting in line at the post office today all to get it sent in and a matter what your schedule was if you pay your taxes i'm sure that you'll find this news that i have about to give you to be rather to. concerning the i.r.s. released out of the head tracked the tax returns of the four hundred highest grossing comps i guess watch in one nine hundr

and it could prolong the fighting. the world's u.s. backed financial institutions that i.m.f. and the world bank pointing to road blocks on a path to recovery but with washington's debt spiraling honest say america should solve its own troubles hunting up the voice to others. and it's really face is a lost generation with one in five young people out of work and few prospects of getting a job in tough economic climate the country's battling to prevent suffering the same place as greece and it. well when it comes to food and agriculture there was a time when farmers who the roost now growers are up against the might of giant science firms so he can get us eating genetically modified meals salty discovers next. world controlled nature no one should control light no one should have that great can put ads on each other at night as long as my wife and i have like within us we will always fall down and quite for the rights of partners always to be able to use their speed from year to year no one should pay back right away from anyone. this is why the judge rule number one if you are contaminated i gat

and most importantly future world economy can't be denied and for too long brazil russia india china now south africa have been so often screwed or ignored by u.s. based organizations like the i.m.f. and the world bank and now they seem more than willing to go it alone on top of that after the record thirty years of reaganomics they don't think they can depend on the united states' economy to keep the world economy rolling along or they see when they look at the united states today they see a nation under control by its military industrial complex launching wars across africa in the middle east that are very profitable for trans national defense corporations that leave america both financially and morally bankrupt and losing its credibility around the world for example but all of the bric nations disapproved of our military campaign in libya they see a nation unwilling to take the lead in the global effort to clear curb climate change. a nation that had two consecutive u.n. climate change summit dragged its feet twisted arms behind closed doors and sabotaged any hopes of crafting an effective global climate change treaty a nation whose sold out and bought off politicians are so beholden to giant oil

a new paradigm shift and that brings me to this final headline coming back today i am math banks face three point six trillion dollar wall of maturing debt i.m.f. says so the world banks face a three point six trillion dollar wall of maturing debt in the next two years and they must compete with debt laden governments to secure financing the i.m.f. warrant last week but for thirty years all these governments have been extending the maturity and now like the tide moving out during a tsunami those on the beach. i think that oh my goodness look at all these pretty shells i'm going to wade out into the areas there and pick up all these pretty shells not knowing that the tsunami wave is about to crush them this is the tsunami of maturity that's about to overwhelm the entire global economy and force in my opinion the introduction of a new global currency based on the special drawing rights introduced by the i.m.f. and the i.m.f. is getting aggressive about downgrading the u.s. because the u.s. is no longer going to be running the global economy anymore it's going to be a central bank somewhere in europe with the i.m.f. and the world bank and a new global reserve bank

i.m.f. and the world bank. and structurally just the usual. low wages nestlé us. a.different nation when everybody else can does it no democrat. living is free. free to all this will be so. many ideas and they've been so we have about how many people are challenging saying look this is people power and there are people in there they're preparing to sacrifice their lives suck if i said i support regime change not sacrifice their lives for the us britain and france it's a part of change of life and democracy for them and libya and they would be losing their lives on the ice with they or i believe that the alliances it does to me and . i will leave they absolutely want something better just the way the popular uprisings across the middle east from the rubble to syria to almost egypt. is destroyed in protests that we want. but people who is leading the libyan insurgents number one if you can call belligerence being on great now is a radical the new york times today in many nato i mean these insurgents. if you say there are a bunch of belligerence and insurgents and nobod

i.m.f. and the world bank and the global cartel of banking. well he's actually gone one step beyond marie antoinette marie on tonight offered the peasant cake she said here have cake eat it but this guy is saying they have their cake but they want to eat it too why don't they go to farmville like little peasants and eat their fake count five pig that's fake and all it is torture is a here's a cake there's no can have any beers you know you can have a beer this knowledge is a loser that can be more your slave now you work for these global banking cartel and we've bought all your islands for pennies on the dollar and that was our intention from the very beginning well the guy actually kember readings he used to work for goldman sachs so perhaps he has some ownership both of them share isn't farmville. that is but speaking of virtual cakes you know if you have a virtual job and work for virtual pay you might be able to afford those so here is this headline max not even in zimbabwe at the height of hyperinflation were even dedicated hospital staff

i.m.f. and the world bank. and act as a powerful state any country that goes there will be eventually targeted me so does that mean that yemen and syria could be in line for what you say being taught a lesson. absolutely and iran and iran can be destroyed by air air attacks they have ten thousand targets all mapped out they want to send any troops but us that many troops in iran it's too big country to costly but they can they can do what they did to yugoslavia which is just destroyed by air all in the name of humanitarian war on the name of there's an insane leadership there all these leaders apparently are all insane any country that the us decides to target lead it is clear to be sane and crazy noriega in panama would take it in nicaragua milosevic. saddam hussein in there or there are always very we'll get even the ones that the us was helping and collaborating with as with saddam hussein who's was a witness early years and that's your point that seems to start just seem to be contradiction in what you're sa