dollar this point is while so what do you think will happen if the if nigeria starts trading in yuan well this is that while we've talked to economists like michael hudson or catherine austin fits they say what backs of dollars war and war of an oil are para pursue so to speak so yes as the warfare state of america collapses then that puts additional pressure downward pressure on the dollar it's all going up relatively well and my theory there is that ninety percent of the dollar buying is done through high frequency trading algorithmic trading computer training and this is all done really through the shadow banking system and this is why the u.s. death keeps pulling off balance sheets of the hundreds of trillions of dollars because they're out there supporting the dollar into all sorts timers they can support the dollar anymore and then you have an enron implosion like situation and hyperinflation overnight and people as paul. paul krugman of the new york times will be like who. well john foley of reuters says that despite nigeria's bold move china's currency still has few of the qu

who nigeria oh yeah they're doing a deal on bilateral outside of the dollar and the dude responsible like this big banker did he says we don't need no stinking dollars well let's turn to a clip here with reuters and where he explains why they've done that strategically we think it's inevitable that the world to recognize r. and b. a series of currency. do not take but china is the second largest economy in the world it's got. a very huge amount of reserves it's in very strong financial position. it's the large economies and it's more in this in the same situation the united states was enough to the second world war when the large economies swear. by fiscal deficit position so we do think. it is a wise move at this point in time will be the reserve currency but we've known this now for a few years and china is just playing a cat and mouse game with the dollar they are secretly hoarding gold we know this from wiki leaks cable recently that just came out they have been secretly hoarding gold they have their minions all over the world sucking gold out of every little orifice of the globa

well john foley of reuters says that despite nigeria's bold move china's currency still has few of the qualities of a credible reserve currency and here are two of the qualities he says are necessary for a reserve currency one low inflation is usually a prerequisite yet china's runs out above six percent. i want to turn our attention to shadowstats inflation numbers and as you can see the red line is the official number so it's always well below six percent of course but the blue number up there is that based on how the u.s. used to calculate consumer price inflation before in one nine hundred ninety when then president clinton came in and manipulated it but as you see right before the financial collapse inflation in the u.s. was almost fifteen percent right so inflation in the u.s. is well above six percent so that argument doesn't hold water that's exactly correct and then he says stable monetary policy is another typical condition yet china lacks an independent central bank so you know again referring to that chart on the left hand side of the inflation in the u.s. you saw that infl

here is our nigeria correspondent. >> searching for pirates off the coast of west africa, the vehicle and its crew are out on patrol. they are part of a new joint naval operation with their neighbors aimed at stemming a concerning rise of piracy. the targets have been huge oil tankers and cargo ships, the lifeblood of the region's economy. the commander is making bold promises about tackling the pirates had on -- head-on. >> what we see are the ships that had been attacked by pirates. we are patrolling with the navy, we also have special forces. when we receive information regarding the pirates attack, we send out our -- >> nigeria will coordinate this with a former u.s. coast guard vessel. there has already been more attacks off of west africa this year then took place in the whole of 2010 the waters are rated as dangerous for shipping. west african pirates are adopting a different technique. the somalis take the crew hostage and hold them for ransom, the crews here are more interested in stealing the cargo. that increase risk is sharing -- steering business away. >> some have refuse

well, nigeria has joined naval patrols to try to prevent it around their coastal waters. guinea has seen a big increase in attacks. our nigeria correspondent joins one of the patrols. >> searching for pirates off the coast of west africa, the nigerian crew are out apatrol. they're part of a new joint naval operation with neighbors, benin, aimed at stemming a worrying rise of piracy in the gulf of guinea. the targets have been huge oil tankers and cargo ships, the lifeblood of the region's economy. the mission's nigerian commander is making bold promises about tackling the pirates head on. >> what we see is taken by pirates. we are breaking, and the public. so regarding the piracy attack, it we go out. >> nigeria will dominate this operation with a former u.s. coast guard vessel, the largest ship taking part. the statistics are alarming. there have already been more attacks off west africa this year than took place in the whole of 2010. but the waters are now rated by insurers as being as dangerous for shipping as the somali coast. west african pirates are adopting a diffe

last year, half a million people were displaced by floods in nigeria. british energy giant bp has confirmed that bayless had raided its offices in moscow. the company said it was linked to a case in western siberia related to the collapse of the arctic oil exploration deal. the deal has now been done with exxon mobile instead. a wildfire is sweeping across the state of texas. it has scorched thousands of acres of land. the flames are raging across the north of the state. no injuries have been reported. the flames come for months after massive wild " fires destroyed 150 homes in the same area. the headless remains of the infamous australia out what had been identified more than 130 years after its execution. kellie killed three policemen in the 1870's. he was captured after a shoot- out where he famously daunt a suit of armor. kellie was hanged in melbourne in 1880 and is remains were thrown into a mass grave. i spoke earlier to our correspondent in sydney about the significance of the discovery. >> his family has never been satisfied that his remains th

in nigeria about one hundred people most of them children have been killed by floods heavy rains in the southwest of the country caused the river to overflow down to collapse damaging three bridges submerging buildings in nigeria and red cross said more victims could still be found in remote areas and rescue teams have not yet reached. american scientists or nasa the amount of space junk around the earth has reached a critical level they say that they could damage that lies even called space ships experts involved in the research you suggested using magnetic nets and giant umbrella's to limit the buildup of junk. in just a few minutes. rules the most poetic part of the russian capital that's after the business of carrying out. hello welcome to business here nancy thanks for joining me crane is preparing another move in the gas this chess game with russia the country's prime minister says here france to close down its gas and often enough this would allow it to revise all its existing contracts something ukraine is keen to do claiming the current price is too high now i'm joined by const

. >> argentina contra nigeria, argentina con iguain poniendo el 1 a cero, messi a lo playstation dimariaa el 3 0 pero messi se qeujaba de juego sucio. >> fuentes cerccanas dicen que este jugador se perdera la temprada 2011 al no poder recuperarse de la operacon en el cuello con riesgo de perderse de la temproada. >> si desea salir afuera a hacer actividades fisicas tenga ciudado,. >> se decreto umn día de peligro ambiental, se recomienda compartir el auto y usar movilizacion publica y evitar el exponerse al smog. >> ahora con guillermo para ver el clima. >> noche de martes tranquila, veaos que tal las temperaturas con 71 grados. >> mañana el calor se sentira mas intenso, en el interior se sentirar los 10 grados, después de calor viene el decenso de la temperatura. >> mire como gira catia y regresa a lo que es el interior de la costa de usa con algo de oleaje. >> para nosotros temperatura agradable alrrededor de los 100 bajando hasta los 81 grados, buenas nocjhes. >> mas adelante, los uniformes de las enfermeras podrían desatar peligrosos males. >>> si usted que cree que los unformes medi

he arrived three years ago from nigeria. he worked at a car wash and could send money home. because of his skin color, he is suspected of having fought for gaddafi. >> many times the attack and they forced the africans here. >> he said he never carried a weapon. these families are jobless and reliant on the nation's. >> i don't want to be an immigrant in europe. we do not have freedom. >> he came to libya to work. many others came on their way to europe. they are stranded in camps like this one. over 600 people have found shelter here. they're trying to reach the port. many people have opened make shelf shelters. people can live under one vote. >> you can see the life we live. i am not drinking good water. we want to move from this place. >> the rebels insist that they did not know that the africans were so badly treated. they say this goes against the principles of the revolution. >> find an african who was arrested and ask him, they can tell you themselves. we gave them food and drink. we release them if they are not a danger to us. >> once a day, a truck brings water from

foreign bank governor thinks it will make up 5% to 9% of nigeria's holdings. he says the standard & poor's downgrade added urgency to the need to diversify. >>> nelson mandela's former prison number is being used to brand a new clothing line. there are concerns over whether or not a fashion label can really represent what mandela stands for. we have more from johannesburg. ♪ >> reporter: 46664. >> we have to build a relevant fashion brand. >> reporter: at the launch of south africa's newest clothing line, the focus was fashion and not the number on the label. what about that pink dress behind you says nelson mandela. >> it says more is about how you can commit to helping the organization. i think by wearing those clothes you commit to doing something that is helping an organization to support his legacy. >> reporter: look closer at the clothes, though, and you'll notice a hand that belongs to the nobel prize winner and the country's former president, nelson mandela and the number that identified him when he was in prison for life in 1964. >> you're talking abo

these men are all from nigeria. they are migrants looking for work. one of the charges against gaddafi was that they brought in african mercenaries to kill unarmed protesters. the revolutionaries accused this man of hiring those mercenaries. >> this is a complete bluffed. never in my life have i done this. this is not in my conviction. this is not in my ethics. >> for now, the fighters same day are concerned that they could be recaptured. they are seeking out the maros that is their former dictator. >> tens of thousands of demonstrators have brought traffic to a standstill. they are protesting against the construction of a highway through a nature reserve. the project is being suspended and it would be up to voters in the affected region to decide its fate. >> this was the crackdown that sparked outrage. indigenous people protesting about a highway that will cut through their native amazon land were hit with sticks and had their mouths shut. hundreds were detained. for the past month, the amazon indians have marched towards the government seat. many o

there is a comedy film from nigeria that is pretty hilarious.ou can get to know arabs threw their laughing as well. [speaking in foreign language] >> when you come to see all the diversity, nationality, ethnic, skin color, dialect, anything that you can think of, that world is very rich in diversity. we are trying to represent that diversity so people can see the different parts of the arab world. [speaking in arabic] >> people should participate in the festival because of the benefits they can get. first, the educational benefit of learning about the stories of the arab world. diverse stories. people in the united states sometimes think of the arab world as a lump sum. what is good about the arab film festival is the also have a festival for the school's program, which we have films where we invite free of charge, i schoolers to come and attend. every year, high schoolers to go out really with a good experience, attending and watching these films. the arab film festival is not only about the festival in october. we also have year-round programs

the red cross in nigeria says over 100 people have died in floods. some makeshift slums around the largest city or entirely swept away. next week, the world will remember the day america was attacked. the 10th anniversary of 9/11 will star different memories in different countries. for some new yorkers, it is still a threat today. the powers released eight cocktail of carcinogens including asbestos and mercury. as a direct result, thousands of people are seriously ill. many could die from the conditions. david shukman has the story from new york. >> an image of terror that is horribly familiar. the attack on the twin towers that killed nearly 3000 people. less well-known is the impact of all the dust, much of it highly toxic. coughinger's from fits. he was a police officer that worked on grounds 0 and is suffering serious respiratory problems. >> the attacks have not stopped, because they left as a weapon at this dust, the contaminants, all the injuries that go on and on. >> a police helicopter from the moment of the onslaught. it took a while for th

more than 100 people have died in floods in the southwest of nigeria.he state that has been severely affected, some makeshift structures have been swept away. several thousand people have been displaced in the recent rains. two former kenyan ministers have appeared before the international criminal court in the hague. the hearings will decide if they should stand trial for crimes against humanity. in all, six defendants will appear over allegations that they incited violence after the 2000 elections. the problems in london have been interrupted. the interruption and at a live radio transmission of the performance by the israel philharmonic orchestra at the albert hall had to be taken off air. >> outside the royal albert hall, pro-palestinian demonstrators waved flags, shouted slogans, and occasionally burst into song. the protesters made it clear before the concert took place that they intended to boycott the israeli musicians inside. security was stepped up at the venue to deal with that, but several protesters did manage to get inside. ♪ the conductor

we would be importing huge amounts of natural gas from countries in the middle east and nigeria and angolaand tens of billions of dollars, an we're creating a lot of jobs. so if it's done in the right way, it's a tremendous resource for this country and makes us stronger. >> stephen: so my take away from this is we are not running out of oil, right? >> right. >> stephen: and based upon your 800-page book, i guess we're not running out of trees either. [applause] >> wait. first of all... no, no, e-book, embook. >> stephen: sir, we have reached peak interview. thank you so much, daniel yergin. the book is "the quest." we'll be right back. >> that's i" everybody. captioning sponsored by comedy central [ billy ] we discovered the original sporting sail in our grandfather's attic.

ahead of a fifa-friendly match between nigeria and argentina on tuesday. the soccer event is the biggest in the south asian nation's history. on sunday police units held a drill to assess it to deal with any event yult. the police set in place a three-tiered security system for players and began patrolling the national stadium, the match venue. >>> hello, sports fans. please keep cheering for me. >> how can you say no to a guy like that? the september grand sumo tournament opens in less than a week, and depending how he does, 26-year-old kaka ru may be the sport's next ozeki. kaka ruiz strength is. he's won the technique prize six times. a powerful thrust, check. got that? keeping up the pressure in a grip position, check. got that too? and you can check off perfectly timed that as well. he needs all that technique because at 145 kilograms he's one of the smaller guys in the ring. in the july tournament, though, he defeated two much lavender ozeki to finish with ten wins. >> translator: in july you got more wins than losses for the first time. >> i think i

we would be importing huge amounts of natural gas from countries in the middle east and nigeria and angola and tens and tens of billions of dollars, an we're creating a lot of jobs. so if it's done in the right way, it's a tremendous resource for this country and makes us stronger. >> stephen: so my take away from this is we are not running out of oil, right? >> right. >> stephen: and based upon your 800-page book, i guess we're not running out of trees either. [applause] >> wait. first of all... no, no, e-book, embook. >> stephen: sir, we have reached peak interview. thank you so much, daniel yergin. the book is "the quest." we'll be right back. ok, people. show me the best way to design a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately.

these men are all from nigeria. they insist they're just migrants looking for work.here are rumors that they brought in african mercenaries to kill protesters. >> it is a bluff. it is completely a bluff. i never deal with this, never in my life. it is not in my conviction. it is not in my ethics. >> for now, the fighters say they will paused, concerned that they could be recaptured. then they will move on, seeking out the garage that is their former dictator. -- mirage that is their former dictator. >> in syria, the government's harsh crackdown continues. the protests have drawn syrians of all ages including young children. last week when the school year began, students to protest to the classroom. we have gained a rare access to syria and we have been to a school in damascus. >> the girls are hard at work on their french classes. today's lesson is about good behavior. we were invited here to show that serious students are on their best behavior. -- syria's students are on their best behavior. young syrians have been out on the streets and have called for the preside

lobbying unlikely power brokers like nigeria which has a vote on the security council and pressuring the palestinian leader to accept compromise. >> a lot of it depends on what it is that obama comes to the table with. if he's going to reiterate the same formula i don't think there will be a backing down. >> reporter: republicans are exploiting the president's dilemma. yesterday, rick perry called his middle east policy appeasement. today it was mitt romney. >> the president's failure to stand by israel in a time of need over the past couple of years has been unfortunate for that part of the world. >> reporter: today the french proposed a one-year deadline for peace talks, but the palestinians didn't buy it. tonight the president and hillary clinton are double teaming the palestinians. if they don't back down the u.s. will try to bury the palestinian statehood application in a u.n. committee just to buy some time. brian? >> on israel, do you buy into the view that they are as vulnerable in a way as they have been in decades? >> i think they are more vulnerable than any time since 196

he warned that this group is trying to cooperate with islamic extremists in nigeria and somalia. >>> tonight newsline brings you part two in the series "9/11 defining a decade." we talked about the al qaeda attacks against u.s. targets ten years ago. observers say that following osama bin laden's death, al qaeda will weaken. but a man who says he worked for osama bin laden has a different view. he told nhk that al qaeda is reorganizing and may launch more severe attacks than those on september 11th, 2001. >> reporter: this footage is believed to have been taken in afghanistan the year before the september 11th attacks. it shows osama bin laden speaking to al qaeda members. osama bin laden was killed by the u.s. military in may. >> the death of bin laden marks the most significant achievement to date in our nation's effort to defeat al qaeda. >> reporter: i man al zawahri will be the organization's number two man, he took control of al qaeda after bin laden's death. expert in the west say the terrorist group will weaken. they say al zawahiri's grip on al qaeda is not as strong as bin

. >>> bangladeshi police have tightened security in dhaka ahead of a fifa friendly match between nigeria and argentina on tuesday. the soccer event is the biggest in the south asian nation's history. on sunday police units held a drill to assess their readiness deal with any eventuality. the police set in place a three tier security system for players and began patrolling the national stadium, the match venue. >>> hi there. welcome to your weather update. for east asia we're talking about a lot of tropical activity impacting japan. more towards the north area today. we have a tropical storm system noru that is out in the pacific right now. still well away from any landfall. but it looks like it will head northward and veers towards hokkaido. the eastern end of hokkaido could be looking at stormy weather as this system approaches in the next 24 hours. it is on a weakening trend, however. not a major system, but we could still be talking about more rain coming on in. it has already that moisture impacting parts of hokkaido already. looks like today, too, it's going to be another wet day wi

. >> en argentina jugÓ un amistoso contra nigeria, gonzalo higuaÍn puso a festejar, minutos despuÉs llegÓllo califiÓo a la euro. >> mientras tanto por el grupo e holanda le ganÓ 2 a 0 a finlandia. >> en el tiempo regular empatÓ a un gol y en penales el tri fue mÁs atinado ahora mÉxico enfrentarÁ a rusia el prÓximo jueves. >> la selecciÓn mexicana regreso al paÍs azteca luego de su gira por europa, en realidad son la mitad ya que 50% de los jugadores se quedaron en el viejo continente el tÉcnico jose manuel de la torre le restÓ importancia a sus 14 partidos invictos. >> ahorita que lo tocan es tener una preparaciÓn hacia eliminatorias, si bien en una derrota no pasa nada lo que nos interesa es el funcionamiento de un equipo. >> el tÉcnico del manchester united, alex ferguson parÓ en seco a todos quiÉnes se vuelven locos cuando juega el barcelona. >> dijo que no es el mejor de todos los tiempos y nosotros lo ayudamos con las chivas de 50 ¿no?. >> y la tercera pelea entre many pacquiao y juan manuel mÁrquez estÁ dando de quÉ hablar, estÁn en new york. >> el pacman llevo una probadita que ade

these men are all from nigeria.y insist they're just migrants looking for work. >> they give you money to work with him? >> no. >> the icc charges is that they brought in african mercenaries to kill unarmed protesters. the revolutionaries accused mohamed of helping hire those mercenaries. >> it is a bluff. it is completely a bluff. i never deal with this, never in my life. it is not in my conviction. it is not in my ethics. >> for now, the fighters say they will paused, concerned that they could be recaptured. then they will move on, seeking out the garage that is their former dictator. bbc news, the sahara desert. >> moving to syria, where the u.n. security council is still trying to reach agreement on a resolution condemning the violence there. russia and china remain opposed to sanctions, but the u.s. is trying to lead the pressure for tougher measures against president assad's regime. this week, the bbc gained rare access inside damascus, and i spoke to our reporter there just a short time ago. what impact our s

. >> it was really deeply unnerving, unsettling to them because they left nigeria, a country thatwith civil wars and where crime is rampant, to america where they believed they'd be safer, more secure. for something like that to happen here, it was very unsettling. >> reporter: christian, in the seventh grade in 2001, recalls sitting in her father's truck before school. listening to the radio and being concerned. >> it's all very confusing when you're 12 years old. i thought, this happened in new york, this can happen again in california. i was worried there were going to be more attacks. that this wasn't an isolated event. >> reporter: for alyssa stemler who was 9 years old on 9/11, it was anything but isolated. her father, jim, is a firefighter. for him, for their family, what happened at the world trade center had an immediate and powerful emotional element. >> we live kind of with a fear that, you know, any given moment he could be gone and so i think for him seeing that reaction, seeing that actually happen somewhere else was kind of hit home for him and for us later on that was

but while the power dealers of the west in syria trade insults and blows for syrian workers like nigeria the daily battle is to keep his modest livelihood together while hoping for the best. i believe business will pick up again will pull through even r t damascus syria. so had for you this hour demanding a future release demand their government focuses on social justice rather than security as people take to the streets in the biggest protest here. and as america's top commander in afghanistan bids his final farewell to the military will look at the problems he's leaving behind. issues that so much. i mean if you would like to have a real treat. the right to read the great financial contraction millions lost their jobs but the rich of only gotten richer should the rich pay. bringing you the latest. from the ground. we. covered. mission free critique free storage free. arrangement free. free. free. hold free volunteers to video for your media projects and free media r.t. dot com in. their case chief prosecutor says looters are being punished too harshly the unrest that gripped the countr

. >> culturally i think it is a big deal, education in nigeria. >> reporter: after earning a degree inthe university of california berkeley, and joining the oakland raiders, nnamdi started the asomugha college tour for scholars, known as acts. each year he takes a dozen underprivileged high school students, some who have never been on a plane, on a tour of universities across the country. >> we know that with exposure, you know, you can reach all sorts of new heights. >> reporter: daisy franco, an l.a. native, visited georgetown university. >> i didn't have a school on my radar at first. and then when i came to nnamdi my junior year, i fell in love with the school. >> reporter: now a georgetown freshman, she's the first in her family to go to college. amber adams was on the same tour and now in her first year at howard university. >> kind of motivated me. everyone on the trip was super smart and it made me realize i have to work hard too and maybe i can go to a school like this. >> reporter: humbled by the kids he serves, inspired by the sport he loves, nnamdi jokes his highly educated

but while the power dealers of the west in syria trade insults and blows for syrian workers like nigeria the daily battle is to keep his modest livelihood together while hoping for the best. of a very believe business will pick up again will pull through. r t damascus syria. russia condemned western sanctions against syria calling them harmful and in effect of moscow stance has largely been echoed by its partners within the brics group brazil india china and south africa dr sure are a professor at the school of international affairs in india believes it's important the alliance is united in dealing with the situation in the middle east bric is a microcosm of the movement toward someone to want to avoid and you can only. through joint action by bric nations it's very very important that sanctions could be the final step leading to another military intervention by a new door and its allies in the name of protecting the people of syria it's important to prevent this you know want because it made end up in a situation similar to what we have in libya we're there is this transition and which

but while the power dealers of the west in syria trade insults and blows for syrian workers like nigeria the daily battle is to keep his modest livelihood together while hoping for the best. i believe business will pick up again. even r t damascus syria. who are you going to live from moscow still had for you this hour marching out for future please demand their government focuses on social justice rather a town security as people take to the streets in the biggest protest yet. and as america's top commander in afghanistan bit his final farewell to the military we'll look at the problems he's leaving behind. the u.k.'s chief prosecutor says looters are being punished too harshly breast agrippa country in early august saw people smashing windows burning cars and looting shops hundreds have since been given stiff sentences in already overcrowded jails where the prime minister has called tough love but as artie's ivor bennett reports the system could be a breaking point. prisons in england and wales have never been full or nearly eighty seven thousand inmates are jammed in a record high jus

for syrian workers like nigeria the daily battle is to keep his modest livelihood together while hoping for the best if you are damascus syria. over in libya the old regime may have been toppled but the fighting showing no sign of letting up and the rebels say they've done enough talking. to you for the latest from the front line in the hunt for colonel gadhafi loyalists remain determined to the end. israeli security forces to shoot at palestinian protesters who are preparing to march in support of their bid for statehood at the u.n. later this month claims it's trying to prevent bloodshed by aiming settlers in the west bank for self defense. is across developments there for us. in some quarters there is talk of a intifada that some will say will be as bloody and as violent as the first two seculars of whom there are some four hundred thousand living in the land that has some two and a half million palestinians in the west bank all bracing themselves for violence as is the israeli army and the israeli police now for several months the israeli army has been preparing in an operation it c