factor for the economy so do you think these words inscribed on all these different currencies there mr levy do i think that you know like ironically very straightforward an interesting thing is when the u.s. dollar at the top here it's this note is legal tender for all debts public and private so basically what it's saying is is that you know if you try to euro's that say that you're right about that matter of reserve i'm going to. you're going to i'm going to use euro's in my grocery store and i'll accept them the u.s. government would say no when it come in and we're going to put you in jail because the u.s. dollar is legal tender so not only do we have a claim on the productive wealth of the united states and can tax that wealth but also we can make sure that our money that we are creating at is the only money that is usable in the realm that we control all that's private and public thank you so much interesting stuff that's all for now but you can see all segments featured in today's show on you tube at you tube. dot com slash boom bust r.t. we also love hearing from you so please check

mr. levy, thank you so much for joining us today. the publicis c.e.o. there joining us on the phone from paris. now to talk about his view, jim mccormack. thank you so much for joining us on the program. we were just talking to one of france's biggest chief executives. we were talking about the advertising world. a lot of times, this is a proxy for world growth. they struggled in the emerging markets. is this temporary? >> i think the emerging market picture is nowhere near as bad as people seem to think. particularly if you look at the equity markets. if i look at valuations, it seems to be the markets pricing in earnings, seems pretty unlikely given that developed market growth is -- >> if you look at allocation, we talked about central banks. it seems to be steady as they go at the moment. possibly earnings and valuations. we still have this blip. what is your concern? >> i think the main concern for me this year is u.s. inflation. now no one is talking about it. it has been pretty tame. there is every possibility that continues. if u.s. inflation st

so levy on behalf of the department congratulations (clapping) congratulations. well thanks again. first, i want to say thank you to my boss mr. jim without his faith in me running all those programs it wouldn't be possibly and again, a huge thank you to all my 26 staff without them teaching it wouldn't be possible. i want to take this award on behalf of them as well. so again, thank you (clapping.) and now the fabulous jamie is one off our coming by a park instructors and had the pleasure of leading the program that my own family attend on saturday and she got rave reviews. ♪ ♪ ♪ ♪ ♪ ♪ (children cheering) ♪ ♪ ♪ ♪ ♪ ♪ ♪ (people talking). happy new year ♪ ♪ ♪ ♪ ♪ ♪ ♪ happy new year ♪ ♪ ♪ ♪ ♪ happy 2014 >> happy new year and that concludes the general manager's report. >> is there anyone who wants to make a any public comment on the general manager's report seeing none, public comment is closed. we're on item 4 which is general public comment. we will use up to 15 minutes at that time, and that time, and public may address the commission on matters that are within the commission's jurisdiction and are not on today's agenda with

you to say election election election mr musser i would like to switch gears a little bit and to ask you not about your own country but rather about your neighbor levy rich is about to celebrate the third anniversary of its all of revolution on february seventeenth and you seem to believe quite strongly that egypt is moving in the right direction i wonder if you feel the same way about because three years down the line levy still lacks a democratically elected government it still lacks a constitution if still replace. all the shots also believe so so you believe that levy is moving towards democracy as well yes indeed they are moving this is as i told you this is a movement of change across the arab world and they based movement of change is not going to have a u. turn in order to get back to the era of gadhafi or others no all countries including libya is moving towards the future. however setbacks there are some slow pace in the changes that are but it is the right to own that i tracked and in the right direction but you know that change could bear for better or for worse and i just wonder whether the change that we're seeing in libya or in syria