down seven point five percent so this is from zero hedge and they're referring to nouriel roubini who called those who believe in gold as lunatics and hacks of course they show this chart where you see the s. and p. is down seven and a half percent gold is up nineteen point three percent and yet from the propaganda pushed by the media you would think it was the opposite right well roubini is an academic who has models that he believes the economy should fit into but it never works out the way his model suggest and as a result he gives horrible advice in terms of what the policy makers should do he's one of these guys that thinks that the status quo needs to be preserved just keep doing more of the same but do it bigger obviously he's one of these guys who are digging a hole the solution is to keep digging so let's turn to this next headline from october i want to turn back to something about nouriel roubini economist nouriel roubini is firm is for sale it has over eighty five employees and is still losing money according to. article max the firm is projected to have revenues of fourte

look at what's happening on twitter for example you've got a twitter war going on between nuri al roubini a a technocrat type character and jim rickards who just came out of the book called currency wars cambric or gets it he understands we're in an era of zero reserve banking and that this is a systemic problem muriel roubini of course doesn't get it he's an academic who thinks all you need is a new model and a new theory if you follow guys like roubini they're going to go straight down into massive bankruptcy across the entire globe you have to understand this is a systemic problem that requires a totally architecting of the system and a total execution in one way or another all of these baxters that are just predatory leeches a cancer on the system to add no value but simply make things worse so think of profit from the chaos i do if i mention the word technocrats connection with banking that will get you going that's listen you're referring to the moment so you know if behind you investors already stop treating this as a country with a aaa score surely with that sort of credit rating

earned the first five blows is that for the first time ever nouriel roubini picked a fight with the guys it's zero hedge. the stall war. wasn't all over a business insider so he has a history of kind of going kind of ballistic on people so he was kind of ballistic on jim rickards here and he's got a problem in general with people that are a fan of gold i don't think he much gets it remember he called it a bubble one hundred thousand one hundred dollars an ounce and said that jim rogers call of two thousand was utter nonsense there were less than two hundred dollars worth of. so you know i think i don't think he understands it i mean he's a smart guy he got the housing bubble right he understands the credit but he has a real problem for standing what the role of gold is and he i think that. is one example of paper but he thinks that central banks and banks in general should have the ability to have a flexible one is by which is why you brought up wizard of oz that was the whole gold silver debate right in hundreds right well if anybody is not allowed to challenge kind of the you know burn

on the issue of some of these things the gold standard and roubini said that the gold standard was kind of the cause of the great depression when you disagree in the sense that it was the price of gold if i am correct so if you know assuming we get the price right why do you see gold as possibly part of the solution. well you know the problem we had this sort of twitter we're dory over being not the problem i had there was that he clearly had not read the book and i are a few read the book if you disagree that's fine i'm always ready to have that debate but he said doesn't jim rickards understand that coal is contributed to the great depression well of course i understand that i wrote about it the book i said gold was part of the cause of the great depression but as you say laurent it was not the goal itself was the price in one thousand twenty five a major countries of the world went back to gold back to the gold standard at the pre world war one price which was about twenty dollars an ounce the problem is they had doubled the paper money supplied to fight world war one so if you're go

choice but to exit the euro zone and bring back its national currency a prominent economist nouriel roubini explains why in the next business bulletin and about twenty. international news and comment live from moscow this is r.t. with twenty four hours a day i could have you with this is now the us and it's our eyes are more interested in regime change in syria than a peaceful solution to the unrest that's according to the kremlin russia's foreign minister says western countries are trying to stir up syria's opposition to topple president bashar assad peter all of the has the details. circular frova said in a statement expressing russia's dismay at the decision to suspend syria from the arab league he said that's with russia's help and advice president assad has been implementing the reforms that were put forward by the arab league at a meeting on the second of november peace deal a deal to try to broker peace in the syrian conflict now. said he left office said this the decision to suspend syria from the arab league is counterproductive to a peace deal saying that the decision really sends

choice but to exit the euro zone and bring back its national currency a prominent economist nouriel roubini explains why in the next business bulletin and about twenty. international.

roubini, asian economies accounted for 59% of the growth in demand for oil in 2004. now, when gerald ford was faced with a potentially catastrophic increase in oil prices in 1976, he turn today the saudis for help as every other president has done since that timement on occasion if their own national interests align with those of the united states, the saudis will disregard the rest of the opec cartel, they will breach their production quota, and they will pump enough surplus crude into the system to try and flood the market with cheap oil. flooding the market is supposed to either hold prices in place or force them back down. a flooded oil market offers a respite for recession-battered western economies and takes the strain off badly-overloaded financial networks. so you may ask, why don't we is the saudis to flood the market now? if they're our allies, why don't they step up to the plate? well, they are our allies in aceps, but it's no longer as simple as that. conditions have changed. in recent years real doubts have emerged in the minds of many analysts about the

soon and the experts we've spoken to this so-called dr doom of the global economy listen the role roubini said that the situation they do result could have a serious impact on russia. to the situation or that we call a result of the more euro zone is what. the faults on the dollar that dads or even other stocks are or the faults on the banking that of the spiritual companies or the other one or more of them are the euro the especially the large ones exit the euro zone that could be much larger than the result of the lops all believe the brothers in the fall of gaza they come all the prices would fall sharply. with a rush of what i should say is that and that europe is those stories of the three the eurozone with the fact saying that all these things get all the way to russia. for a little business and then analysts were also suggesting ways on how to improve the situation the head of the sperm banks said that european regulators should stop making banks why don't that's why aig creasing capital requirements while others said that. the european central bank should play a more active role i

requirements and that's what we've spoken to the so-called dr doom all of the global economy masoud rule roubini said that the situation the nose on could have a serious impact on russia if the situation over that we call a result of the early more euro zone countries both of them solve the faults along with government dads or even others that are sort of over the faults on the banking that end of this issue of the companies or the you are one or more members of the eurozone especially the larger ones exit the euro zone that could be much larger than the result of the flop softly brothers in the fall of the cause of the way to the mall that prices will fall sharply biggest when the russian financial system and the european financial issues those most weeks of arriving to be in the eurozone with the fact the sinner always the euro all the way to russia on a lighter note business as well here are also this cousin how to use the latest technology to manage complex processes and the large enterprises and for the first time in russia's poor bank is using crowdsourcing to generate ideas they're lookin

presidential i know you know roubini also known as dr do. six countries very silent portugal italy spain and cyprus that have different degrees of economic fiscal and financial difficulties than one or more of them a need to a structure that uses private and public that one or more of them may have to take to the euro zone if enough of them maggs it they was on that day so it's likely implies a breakup of the eurozone well dead maybe swallowing up europe but here in russia the budget position is reassuringly strong however as burbank's senior vice president things will go off believes there is no room for complacency the books may be balanced but the russian economy is still as a number of problems that need address. russia is obviously in a very different situation as as a whole countries russia faces challenges but those challenges are different. and in fairly good short term position from a fiscal standpoint there are plentiful reserves. being said bush remains critically dependent on commodity prices and. there is some concern over the m

currency even if that means the collapse of the single currency so says prominent economist nouriel roubini also known as dr do. six countries where you saw them or to go either has been inside was it would be for that reason to get all the physical and financial difficulties. moral damie needed to address the larger issues it's probably don't want more of them may have to write to the eurozone if an offer of them is if the eurozone gunboats so slightly implies a breakup of the eurozone. and let's now take a quick look at the equity markets european and the seas are shedding their earlier games that were due to some optimism about italy that a start of building a new government the footsies down a third of a percent germany's dax is losing three quarters of a percent this hour. and here in russia the markets are in the black and late afternoon trading the r.t.s. and the my six are up just come on. and here are some of the biggest movers for the day so far gas problem and other energy bill chips are positive lukoil is recovering from earlier losses the company on monday reported an eighty pe

back its national currency even if it means to collapse of the so says a prominent economist nouriel roubini also known as dr drew. six countries very silent throughout italy spain and cyprus that have different degrees of economic fiscal and financial difficulties a lot more of them maybe to a structure that uses five of them up that's one or more of them may have to take to the euro zone different after the exit the euro zone that frankly implies a breakup of the euro zone. that's maybe strangling europe but here in russia the budget position is reassuringly strong however the burbank senior vice president has been growth believes there is no room for complacency the books may be balance but the russian economy is still has a number of problems that need addressing. and russia is obviously in a very different situation he has as all countries russia faces challenges but those challenges are different. and in fairly good short term position from a fiscal standpoint there are plenty for me shares that being said russia remains critically dependent on commodity prices and. there is some conce

requirements and experts we've spoken to the so-called dr doom all the global economy will soon rule roubini said that the situation with your son could have a serious impact on russia if the situation with a calmer result of the elite is more eurozone or is one of them solved by the faults of the government bads or even it was thought should be for the faults of banking that it's going to disappear for the companies or the one or more of them was a failure with especially large ones exit the eurozone that trial could be much larger than there is overlap softly brothers in their fall of gaza that made them all the prices would fall sharply mixed with the russian financial system and the euro if i just use those sources because i right they need to be in the eurozone with the fact that sooner always the get all the way to russia on a lighter note businesses we hear are also discussing how to use the latest technology to manage complex processes and the large enterprises and for the first time in russia's burbank is using crowdsourcing to generate ideas they're looking for new and innovative i

the currency wars we saw a twitter war break out over this subject between economist nouriel roubini and james records author of currency war it's actually been on this show recently i want to remind our viewers of some of the exchanges to give you a taste of it if you're not familiar i can bring up a tweet to show what they were fighting about so here's one where he called james record so arrogant he thinks bernanke gave three men etc are all wrong and then he also went on to do a comparison to the wizard of oz talking about even the wizard of oz a metaphor of the us debate on gold and silver is a better intro to the gold standard than records currency wars so who won joe you covered this i covered this what do you think i mean in my opinion actually be the gold standard pre-war dreaming and i think they don't really make a great case for why this sort of hard money gold idea is what we need in fact. depression. generally when you know the back of the thirty's it was actually this durance to super hard money that caused a lot of problems it's causing problems in europe with the germ

experts we've spoken to this so-called dr doom of the global economy go through this in the role roubini said that the situation they do so could have a serious impact on russia. if you had the situation where the we call these or the early more euro zone is what that was all about the faults on the dollar the bads or even other structural or the faults on the banking that disappears for the companies or the where one or more of them are the especially the large ones exit the euro zone that would be much larger than the design of the collapse of lehman brothers in the fall of the thousand and eight come all the prices will fall sharply mixed with russia russia says that in the euro if i just use those sources because i rather think we'd be in the euro zone with the fact that since rallies that are all the way to russia. for a little businessman analysts were also suggesting ways on how to improve the situation the head of the sperm banks said by european regulators should stop making banks wife of that's one eight freezing capital requirements while others said that the use. he and centr

national currency even if this means the collapse of the euro some says prominent economist nouriel roubini also known as dr drew. six countries in greece i love to go to italy spain and cyprus that have different degrees of economic fiscal and financial difficulties than the longer more of them will be made to a structure that uses five of them up in that one and more of them may have to exhibit a euro zone different off of that exhibit eurozone than the banks or frankly implies a break up of the euro zone. and that's maybe calling up europe but here in russia the budget position is reassuringly strong however as the banks the senior vice president denise will go off believes there is no room for complacency the books may be balanced but the russian economy still has a number of problems that need addressing. and russia is obviously in a very different situation he has as all countries russia faces challenges but they those challenges are different here. you know and have fairly good short term position from a fiscal standpoint they are plentiful reserves and that being said pressure remai

currency even if that means the co-op's of the single currency so says prominent economist nouriel roubini also known as dr doom six congress is very silent to tell me that he's been inside those that have different degrees of even all the fiscal and financial difficulties that one or more of them may need to order structure if you subscribe to the public that's one or more of them may have rights of a euro zone if enough of them like the eurozone then bad so it's likely implies a breakup of the eurozone. debt may be soaring up europe but here in russia the budget position is reassuringly strong however suburban senior vice president denise grove believes there is no room for complacency the books may be balanced but the russian economy still has a number of problems that need to address. in russia's obese the in a very different situation we as old countries russia faces challenges but they those challenges are different. and in a very good short term position from the fiscal standpoint there are plenty of food serves that the. question remains critically dependent commodity prices and. t

currency even if that means the collapse of the single currency so says prominent economist nouriel roubini also known as the. six countries. you know it's very cyprus a different degrees of your all the fiscal financial difficulties. one or more of them are being made towards the doctor if you subscribe to the topic that's one more of the. rights of a euro zone different off of the notes of the eurozone itself right implies a breakup of the eurozone. debt maybe soaring up the euro but here in russia the budget position is reassuringly strong however spare bank senior vice president denise grove believes there is no room for complacency but books may be balanced but the russian economy still has a number of problems that address. the rush is obese the in a very different situation may be as old countries russia faces challenges but those challenges are different you are. rarely good short term position from the fiscal standpoint there are plenty of food serves that being said bush read the script he defended the commodity prices and. there is some concern it would be due to its history. and

national currency even if that means the collapse of the euro so says prominent economist nouriel roubini also known as dr do. six congolese three saddam told you to leave that he's been inside because it lead to different degrees and you get all the fiscal and financial difficulties. more of them will be made to address the larger if you subscribe to the public that's one more of them may have two sides of the eurozone even off of them as if the eurozone done by itself likely implies a breakup of the eurozone. and let's now take a quick look at the equity markets wall street is trading in the negative territory both the dow and the nasdaq i'm losing the around the quarter percent this hour. and european indices are unable to sustain it earlier games that were due to some optimism about italy that has started building a new government the footsies down three clues in the percent germany's dax is losing almost two percent. and here in russia the markets ended the day pretty much what the r.t.s. and the my sex are just cannot touch. and here are some of the biggest movers of the day gazprom

currency even if that means the collapse of the single currency so says prominent economist nouriel roubini also known as dr do. six countries resolve to the e. that was from the side because it has to be for that reason you're always has to go in the financial difficulties you. want to morally we need to address the larger issues in this rather than probably don't want more of them let me go to two legs of the eurozone if enough of the most of the eurozone but so far at least implies that a breakup will be it was only. tell us now see how global equities are trading european debt continues to weigh on wall street which is widening its losses the dow and the mastic losing more than three quarters of a percent this our. european indices were unable to sustain it earlier gains that were due to some optimism about italy it has started building a new government this was the end of the day half a percent lower germany's dax closed more than one percent down. and here in russia the markets ended monday's session waktu positive the r.t.s. and m i six were up just a notch. and here are some of the

national currency even if that meant means the collapse of the euro so says prominent economist nouriel roubini also known as the to do. so it's not a reason to resolve or to go either it's been inside because it has to be for the reason you're only physically or emotionally if it will be it's. wanted more of that we need to address the larger it uses rather than probably don't want more of a total fool writes of the eurozone he said off of the roads in the euro zone that so proudly implies that a brutal the eurozone. and let's not check out the equity markets european debt continues to weigh on wall street which is why having its losses the dow when the nasdaq losing just under three quarters of percent this hour. and european indices are close now they were unable to sustain earlier gains that were due to some want to mention about italy it has started rebuilding the government it will see end of the day half percent lower germany's dax closed more than one percent down. here in russia the markets ended monday's session want to posit that the r.t.s. and the bisects were up just a notch. and l

currency even if this means the collapse of the single currency so says prominent economist new real roubini also known as dr julie. six months these areas are. evenly split in the suburbs it has to be for that reason you can always get smaller i'm sure that it will be it's. one of the more maybe tourist luxury uses for the bulb events one more of that really goes to rights of the eurozone if enough of them to the eurozone but so far at least implies a very troubled euro zone. and let's now take a quick look at the equity markets european indices are shedding their earlier gains on optimism about italy has started building a new government and passes on an austerity budget all about was easing fears over europe's debt crisis italy's borrowing costs into six point four percent on hopes that economists mario monti will form a strong government. and here in russia the markets are mixed the r.t.s. is losing around half a percent to all the my sex is up just an hour. and here are some of the biggest movers for the day so far beyond the problem and other energy blue chips are positive but move poi

that means the collapse of the single currency that's the opinion of prominent economist new real roubini also known as dr doom. six countries carries on a whole shitload even his business side because it had to be for that reason to get on with his financial difficulties. one or more of them would be made sure structurally it was his brother that the that's one more of them may have two legs of the eurozone different off of the knights of the eurozone and that it's likely implies a breakup of the eurozone. and let's now take a quick look at the equity markets wall street started the week and mixed territory the dow is flat to negative in the first hour of trade losing less than a quarter percent the nasdaq is up just a notch. and european indices are unable to sustain earlier gains that were due to some optimism about italy and has started building a new government the footsies down three quarters of a percent germany's dax is losing almost two percent this hour. and here in russia the markets ended the day pretty much flat the r.t.s. and the high sex are just going on. and here are some

the eurozone this is on the minds of many including top economists marty ramsey economist nouriel roubini and the international conference in moscow here's his take on some of the potential scenarios regarding the future of the eurozone countries please sign an order to go you know it's been a cyprus of different degrees of economic for scotland financial difficulties a lot more of the need to address the right to refuse private property that's one or more of them for me to have full rights of a euro zone different off of the exit the euro zone banks affect the implies a breakup of the euro zone. well so far the crisis in the eurozone has seen the leaders of greece and italy replaced i think who were never elected into office with these new leaders the restructuring of government came as well so the question now is whether or not those measures can succeed or whether we'll see them go the same way as others put forward by the european elite who have so far failed to come up with any credible euro rescue archies their first takes a deeper look into this question. it was never going to be e

national currency even if that means the collapse of the euro so says prominent economist nouriel roubini also known as the dr do six countries resolve to leave his fate in cyprus and have different degrees of it all the fiscal and financial difficulties. one of the more maybe the worst droughts or if you subscribe to the public that it's one or more of them may have rights of a euro zone if enough of them like the euro zone that it's likely implies a breakup of the euro zone. debt maybe swallowing up europe but here in russia the budget position is surely strong however it's very bang senior vice president denise grove believes there is no room for complacency the books may look balanced but the russian economy still has a number of problems that need addressing. in russia is obese the is going to be a different situation we as old countries russia faces challenges but they those challenges are different. and they're very good short term position from a physical standpoint there are plenty of food service that the. pressure remains critically dependent on commodity prices and. there is s

national currency even if that meant means the collapse of the euro so says prominent economist nouriel roubini also known as the to do. six reason to resolve them or to go either it's been inside was it to be for that reason it always has gotten from the issue of difficulties we. want to moral that maybe the two of us that ought to use this probably don't want to read more of them may have to write to the eurozone if an offer of them is in the eurozone learned but so far it will be implies that a breakup of the eurozone. and let's now check out the equity markets european debt continues to weigh on wall street which is winding its losses the dow and the aspect are losing just under three quarters of percent the sour. and european indices are close now they were unable to sustain the earlier games that were due to some optimism about italy it has started rebuilding the government the footsie end of the day half percent lower germany's dax closed more than one percent down. here in russia the markets ended monday's session want to positive the r.t.s. and the my sex were up just a notch. and let'

stronger than ever that we do we've seen the charm after tried abol also here from economist nouriel roubini on that meanwhile the u.s. changes its focus from across the atlantic to across the pacific u.s. president barack obama pushes for a trade deal with nine asia pacific nations at the apec summit in honolulu but hold on wasn't just a month ago the u.s. and china were on the brink of a trade war we asked with the global economy or at least western economies possibly headed toward a lost decade are we going to see not more trade deals the trade wars and outside apec don't forget that activists protested free trade policies as designed to promote corporate interests while one protester was actually invited inside to play for world leaders and he serenaded them with protest. he. complains. if you just said you were a key summit. you sure did meanwhile on mainland police clear off oakland's camp so where is this movement headed well we'll speak to gerald celente who predicted these protests more than a decade ago let's get the capital account. so u.s. president barack obama is pushing a trad

guests who we had on the show last week i'm not going to say who it was but it was him versus nuri al roubini he's a very well known economist also known as dr doom they've been do get it out over the causes of the great depression over gold over fiar currency there was last night it's carried over into today and we're going to bring you all the details it's quite intriguing you know me i was always good when there's twitter wars you know it that always makes it so much more exciting all right lauren thanks so much for giving us a little preview. and for us not going to do it but for more on the stories we covered go to r.t. dot com slash usa or check out our youtube page at using dot com os r.t. america you should also follow me on twitter at christine for the hour and forget for watching once again capital account with laura lister is next. issue is that so much of you going to be given a lot of people a variant of the uncertain future of the eurozone grapples with the single currency what is the future of political union to save the euro was it necessary to beat. the official g.o.p. cation

currency even if this means the collapse of the single currency so says from an economist new real roubini also known as dr doom. six congress to resolve them portugal italy spain and so i was about to be for that reason to get all the fiscal and financial difficulty it's. wanted more than me need to address the larger issues it's probably don't want more of them let me go to knights of the euro zone it's an offer of the notes of the euro zone but so slightly implies a breakup of the eurozone. and let's now take a quick look at the equity markets european indices are shedding their earlier games on optimism about italy has started building a new government and passes on an austerity budget all of that was easing fears over europe's debt crisis italy's borrowing costs going to six point four percent on hopes that economist mario monti will form a strong government. and here in russia the markets are mixed the r.t.s. is losing around half a percent while the my sex is up just been off. and here are some of the biggest movers for the day so far gazprom and other energy blue chips are positive

25% is used at our installations at home here and abroad in places like germany, korea and bertha roubini was her dod sustainability officer tackles the challenge for us. but to sort of gets you this question what is sustainability for the department? it means recognizing the basis that we live and work at are a part of the communities they are and so protecting the land in the air in the water they are is part of the mission. and then on the battlefield that means making sure our troops at the energy to get the job done, to be able to fulfill the set of missions that we foreseen the 21st century and we realize now at the department that it means making sure we are using that energy better. with that i look forward to the conversation. >> thank you, thank you. will you tell us a little bit more about -- is doing and how it defined sustainability please? >> sure. let me say it is a real honor to be here. i came by with new york city with new york city and escape the blizzard which i think is alarmingly symbolic on the halloween and many of the issues we are discussing and climate change in