to have more clout in the political realm is bluff now we're seeing many of these countries russia and china for example getting up to last year in front street on major issues that are going on in the world like syria russia and china recently with both sides that they value the u.n. secretary general a whole fiance plans for a cease fire in syria we're also seeing the issue of iran many works countries are standing up on that issue as well we have india china and russia that are saying that the western sanctions on iran are not going to work earlier this year the

and they include russia and china and venezuela and zimbabwe and north korea and iran and syria. it was company that one would -- it's very unique company that russia and china typically don't like to find themselves in. that has been followed by continued strong action out of the human rights council and repeated international unity with the glaring exception of russia and china on issues related to syria. i think the combination of that kind of isolation has given them, particularly the chinese perhaps to a greater extent than the russians, some pause. they are both embarked on public relations efforts, particularly in the arab world, to try to mitigate the consequences of their actions. and i do think that should -- that the appointment of kofi annan and the efforts that he's trying to make provide a potential, underscore potential, point of convergence among the members of the security council. so we're discussing this week not a new resolution but a strong what we would call presidential statement to lend support to kofi annan's efforts. it will be interesting to see whether

one of the key things being trade in recent years china has asserted itself as russia's biggest foreign trading partner actually last year trade between china and russia increased by forty percent reaching eighty three point five billion dollars in two thousand and eleven and other top news that's going on here right now the russian president and president hu was also discussing syria as you mentioned both leaders have said that they've backed kofi annan plan for a cease fire in syria but both leaders have said that they don't want president assad to step down which is something that western powers have been saying they've both voted against the last u.n. resolution so obviously there are key it's a very strategic partnership going on between russia and china regarding syria another country that the two of them have been talking about is iran both countries have repeatedly said russia and china that they are against sanctions on iran they believe that iran is developing a peaceful nuclear program and they don't believe it or pressure from the west is really the way to solve any

and france are working on a new resolution wish which russia and china could find hard to veto now the question is how likely is regime she can down the syrian regime for violence without putting and blame an armed opposition. i think what what russia. on the same side is that the. u.s. to impose its will. actually on the world. everybody to follow the u.s.'s leave and of course what they're doing is that they want to put you in this solution. that is neutral in for. china and russia to support. you give. the illusion of a united front by the five permanent members of the u. but but but but the fact is that behind it is really the american will to try to impose a solution on syria the u.s. and its allies keep on saying russia and china are isolating themselves by opposing change in syria what is your opinion on this. well it is called for. a rush to. solution on syria in. the you as. a public opinion on their side because because it is the syrian government ted king. severely and so so so so is it is difficult for russia to be on the side of the big. question but the fact is china and

>> as long as they have russia and china, they are not so terribly isolated. is a catch-22 situation. russia and china will draw him when they think he is going to fall, but he may stand as long as they keep him standing. i think what should be done is something that might convince russia and china back their midterm interest cannot be served with keeping the guy in power but rather that we have to work together toward some sort of security partnership in that region. that would have started a few years ago and in other places as well, but it is never too late to try. >> as you indicate, the whole region is a concern at the moment. with israel and concerns over iran's nuclear program, how great is the risk that this could erupt into a region-wide conflict? >> the world is explosive, and everybody knows that, which is one reason why everybody is so careful to not get too much involved in all of this. could think about the spilling over to lebanon or iraq or the kurdish areas in turkey. hezbollah in lebanon, which is allied to syria, which is allied to iran as w

one of the key things being trade in recent years china has asserted itself as russia's biggest foreign trading partner actually laughter trade between china and russia increased by forty percent reaching eighty three point five billion dollars one major proposal here that's said to be at the top of the agenda for all of these countries is an alternative bank between the brics countries that would serve as an alternative to the western led financial institutions the traditional ones like the international monetary fund and the world bank there is also talk about creating some sort of brics basket currency that could serve as an alternative to the dollar as the global reserve currency here is more on what the leaders of these brics countries are set to talk about in the next two days heads of state from the five leading emerging economies brazil russia india china and south africa the brics nations meet for their annual summit could make up forty percent of the world's population are expected to contribute almost half of all global g.d.p. growth in the next eight years and have a

i would like to ask the role of on china and russia here. let me say up front, and i'm sure you'll agree, that it's outrageous that china and russia blocked the u.n. resolutions and both of them most recently in february. as i understand it, according to the center for strategic ay natl studies that was issued, the arms imports to russia and syria, that they have been a leading arms supplier to the assad regimregime, has that bee case, do they continue to provide arms to the assad regime now? >> theyes they do. >> so russia is providing arms to the assad regime as they murder their own people? >> they have a long standing foreign military sales relationship with then and it continues on unstopped. >> and us does not seem to matter to russia at all that they are using these arms to murder their own people. it's outrageous, and china has provided arm as well to a lesser extent to assad? >> let me get back to you, there are other issues of assistance but i'm not sure about arms. >> i would appreciate a follow-up about that, but to some extent th

to have more clout in the political realm is bluff now we're seeing many of these countries russia and china for example getting up to last year in front street on major issues that are going on in the world like syria russia and china recently with both sides that they value the u.n. secretary general a whole fiance plans for a cease fire in syria we're also seeing the issue of iran many works countries are standing up on that issue as well we have india china and russia that are saying that the western sanctions on iran are not going to work earlier this year the brics countries were also talking about bailing out europe up from their financial crisis one of the top things that said to be discussed here at the fourth annual bric summit of is the possibility of a joint brics being the conservative some sort of alternative to leicester in led financial institutions like the international monetary fund and the world bank these leaders are also expected to discuss an alternative to the dollar as the global reserve currency in the world have some sort of break the fast it currency the brics cou

on the other side and i think i think there is a chasm of that christine russia and china absolutely do not want to lose the moral replicated in syria. and i'll be able go with a doorway if. nato begins bombs away will russia and china intervene as a big question i kick it around to write about it i consider it i hope that they would do something about it or i hope they would take enough action in advance to prevent it so just to lay down a realized and say this line would be crossed but look we all know christine obama professes to one peaceful resolution in syria he goes along suppose we would be another way for peace negotiations the non-binding presidential statement from the security council which passed but i wrote an article about it called a worrisome because it says if assad doesn't go a lot further measures will happen unspecified very very worrisome. but. what's concerning is here obama is saying one thing and it's doing it the headlines today obama is supplying one button lethal aid to syria's opposition what does that include include communication equipment communication

trading between russia and china any local currency is only both one percent which is very low compared to many other countries where the share of his words you wish to exceed ten percent so russia has a lot to do even been existing currency regime and china. are about well next hour i'll have a breakdown of the main movers on the my sets for you also. see what's happening there all right thanks very much maria will be checking back in with you in the next hour to hear more about the russian market see how it all goes before the weekend well recap of the headlines coming up here on r t and latest addition of an oscar after that stay with us. so for his influential race of. the roads if you came in for example a surgery it taunts with bits but. breast cancers more than centonze told cancers fourteen times i was forget the exact deuces but the shoots numbers there's not god nothing big you have ever found in any epidemiological study can be read but there is a way that brings victory. to its creator. he's not alone some are more severe than others we have something that is born without sk

around to do i think they would not do you plan to do that but of course you face if they read russia and china. as likely to. agree to another u.n. resolution against them that imposes sanctions or no fly zones or something of that sort of that. they matter and take they'll have to read russia and china the depression china sticks to the point. they've already made it will be very hard for us to attack iran because they won't have any cover we won't have a un resolution that they can use and so i suppose around have to pay close attention to what the russians and the chinese say the russians and chinese stick up for the rights and international treaty then iran will continue with this nuclear energy it seems to me until inspectors. diversion it's there's no case against iran so this whole thing is hype it's all china trying to create probably ganda against america and getting the public to think a rand is doing something for which there's no evidence and so that doesn't apply and the west does want a military attack on iran and is looking for some kind of excuse the other there is as you said

and i think the international community led by the united states is trying to engage both russia and china to try to see if we can change their approach to syria. >> senator, if i could, we said here this morning that it's very clear and documented that russia has an arm sale agreement with syria. we've also said we need to get back to on whether china is. i don't know the answer to that question. >> that comes from published reports. i appreciate ed what you both had to say about our efforts around humanitarian aid. i think most of using looking at the pictures, the reports on the news, the pictures in the newspapers of the slaughter that's going on inside syria are very concerned about the cost in human lives, particularly for civilians, the women and children who have been killed. and obviously as the result, there have been a lot of thousands of refugees who are going over the borders. first of all, is there more they should be doing to address those refugees who are fleeing as well as the humanitarian efforts on the ground in syria that you talked about? and then can you also address

two separate resolutions that were presented to the security council and of course vetoed by russia and china because russia and china hold the position that the international community cannot just push out the governments that with respect to syria the syrians need to decide what will take place in their own sovereign country. parties were reporting our reporting right there while i watched it and says it will keep up the efforts to convince russia and china to put pressure on president assad and impose tough sanctions against the syrian regime james cope with the editor of think japan independent news website the colbert report says it's not developments within syria rather international politics that will ultimately shape the country's future as we see there's still a lot of rain going on at the international level in the un security council and other united nations organizations and the friends of syria and all of these other international organizations that are putting various types of pressure on the syrian government and or the syrian opposition groups and so it's absolutely up in the

separate presell lucian's that were presented to the security council and of course vetoed by russia and china because russia and china hold the position that the international community cannot just push out the governments that with respect to syria the syrians need to decide what will take place in their own sovereign country. you know there now washington says it will keep up efforts to convince russia and china to put pressure on president assad and impose tougher sanctions against the syrian regime political analyst chris bambery says however the only anger west is pursuing is to replace the current government with one loyal to western interests. any western intervention whether it's direct or indirect degrade through arming the praise of creating a regime or regime and waiting across the border of which will be loyal to the west and while to so do so to reveal and it's in the west interest to do this they're not interested for any and for any question are human rights have no human really cared or human rights in the region as we know from bahrain or from yemen or from the previous recor

political aims by using these claims against the will of the syrian people how to syria expect russia and china to remain as adamant as it has been happening in preventing any kind of military intervention from becoming a solution in syria now that russia and china has vetoed two resolutions plus the security council but i was stunned come by the us we have many friends in the security council and the forefront of course russia and china they were the only two that cast north of the arm of the or the last presentation of that's what the guys that lead us because they are one of the our talk out of the p five let me rephrase that they were two out of the only two out of fifteen that would not support that resolution in the second then this all the second the most recent whether remembered in the first of. all for the steam. and for a new week for i'm not talking about i don't want to divide goals but the most recent part russia and china the understand what's going on and the and the war they are equal wars and they know that. if they let go once again. on syria. the that would be the end of the

well that depends on russia and china. i think the united states would hesitate to launch a war that was strongly opposed by those two countries. the cause they're both low key in a diploma city but russia has tremendous power over your potential energy suppliers and other than for the federal reserve china is the largest croton united states and so they are not without our very decided to use it. and i do want to bring attention to what iran's top leaders said today he is hailing president obama for advocating the parma see on his calling it a window of opportunity he said quote this expression is a good word this is a wiser market taking distance from the allusion so does this provide maybe some hope especially since he does have final say on matters in a country. so i think the hold has to be on the united states said because i don't think iran is doing anything i think it's united states that's trying to forment war and it may well be a bomber has been influenced by the large number of united states generals we want aga

with a very seedy serious media propaganda campaign going on namely in the west saying that russia and china are blocking any possible solution to the syrian crisis you know russia has said that is just not an honest approach take a listen to what the russian foreign minister said earlier his notes on this one people say it's interesting because of that. i would love to see such situations with the russians or the regime in the world affairs and look i would also like an old to hold that they're going to states can legitimately resolve the middle east crisis the arab israeli conflict or. still the drug trafficking from of the distance but we all understand that today's problems of the world can would be resolved by the desire for it's. within systems even action by one country alone. well it's important to see that so the russian foreign minister also pointed out that really statements loud statements pointing fingers at russia and china really make good t.v. but at any solutions to be found in fixing the syrian crisis would have to make sure that all the difference in opinion are raised and

preventing any kind of military intervention from becoming a solution in syria you know that russia and china has vetoed two resolutions parts of the security council but i was struck on the last we have many friends in the security council and the forefront of course russia and china they were the only two that passed north of the arm of the or the last resolution are sort of the guys that leaders because they are one or the other talk out of the p five let me rephrase that they were two out of the only two out of fifteen that did not support that resolution and the second the missile the second the most recent remember in the first it was a draft resolution for abstain. and for if you wait for i'm not talking about i don't want to divide the hours but the most recent one russia and china understand what's going on in the war they are wars and they you know that. if they live go once again. on syria the that would be the end of the international law and the end of the charter of the united nations there are rules to be sovereignty of number of states this is not me i'm saying that this is th

preventing any kind of military intervention from becoming a solution in syria you know that russia and china has veto two resolutions across the security council but i was struck by the us we have many friends in the security council and the forefront of course russia and china they were the only two that cast not the arm of the or the last presentation are the guys that leaders because they are one or the are talking out of the p five the let me rephrase that they were two out of the only two out of fifteen that would not support that resolution in the second then this is the second the most recent along with remember in the first of that authorization or still for abstained and for your weak force i'm not talking about i don't want to disarm the whole us but the most recent months russia and china the understand what's going on and the war they are deeper waters and the north. if they let go once again. on syria the that would be the end of the international and the end of the charter of the united nations there are rules to be suffered in three of the member states this is not me i'm sayi

on the other side and i think i think it's a chasm of christine russia and china absolutely they do not live in moral replicated in syria instead of carlos here's how far they'll go away all the way if. nato begins once a way to russia and china intervene that's a big question i think at around about right about i consider it i hope that they would do so good about it or i hope they would take enough action in advance to prevent it and just lay down a red light and say this line or be crossed a little we are no risk being obama professes to one peaceful resolution in syria he goes along suppose we will be another plan for peace negotiations the non-binding presidential statement from the security council was passed but i wrote an article about it called a worrisome because it says if assad doesn't go out with further measures will help him unspecified very very worrisome. but but what's concerning his spear obama is saying one thing and she's doing it the other headlines today obama is the i want you and lethal aid to syria's opposition what is include include communication equip

russia and china and you know they're they're looking out for their interests i i hope that you know these major players the united states and russia and china will all. go out on the side of humanity and human rights and not think about their best interests but think about the good of all humanity. you're president of veterans for peace thank you for your thoughts on the program. five permanent members of the wood security council plus germany have accepted an offer to meet a ran over its nuclear program earlier to run gave the go ahead for you would be clear inspectors to visit a military facility suspected that iran is developing atomic weapons but israel's not backing off from its threat to use force over the issue of this let's talk a bit about this couple of words and he's joining us on the line of the beirut that evening another plan for talks but they tried this package generally last year didn't it all ended in failure then do you think they'll be more of a success this time round. well obviously this is a very delicate position i think very determined to work on their nuclea

activist actually he sent him in concern for those who had actually it's a woman's just made by russia and china could get him those r.c.d. and this was after seems russia is going to the admissions the survey says why i support humanitarian aid for the syrian people under a united nations security council resolution this is at the same time you jacob if i could just very interesting you know you're saying supporting jake is this all just about regime change geo political advantage in your opinion it's not about human rights. of course not this is the great game where the people of different administrations there are trying to get their people into public office it just happens to be a foreign regime where they're trying to do that i mean i think that one of the important things to recognize about what's going on in syria is is that when you have a dictatorship it shows that the only way you're going to be able to oust said dictatorship you know since there's no democracy is by through violence there's no other way and that if people take that step and jefferson pointed out in the declaration of

missions where we use gestures and suggestions then russia and china we probably we feel still called pact b. the are certainly jeem with their respective how was indeed united nations security council and under such circumstances russia and china only step aside and the western powers we have a free hand with the support of the arab league and the gulf cooperation council to use military force against the us. turning to north korea if we may president obama is set to meet the chinese leader later today to see if he can persuade north korea to comply with its international obligations and scrap missile launches will beijing put more pressure on yang do you think. i guess p.g. will exert some pressure on but there is a limit to the use of such trash use because the basic reason is understand that the united states that's not the military option. understands south korea and not in support of the american military option russia and china strongly opposed to the use of force again and therefore feels safe to continue its nuclear brinkmanship you also pet spared the american government is

preventing any kind of military intervention from becoming a solution in syria you know that russia and china has vetoed two resolutions plus the security council but i was struck by the us we have many friends in the security council in the forefront of course russia and china they were the only two that cast not the arm of the or the you know as far as the ocean a lot of the guys that it was because they are one or the other two out of the p five plus me rephrase that they were two out of the only two out of fifteen that did not support that resolution in the second then this is the second most recent remember and the first is a solution or for abstain. and for if you wait for i'm not talking about i don't want to divide on the whole but the most recent months russia and china the understand what's going on and the war they are aware of and they nor there. give a live go once again. on syria and the that would be the end of the international law and the end of the charter of the united nations there are rules to be observed suffered in fields member states this is not me i'm saying that thi

preventing any kind of military intervention from becoming a solution and syria you know that russia and china has veto two resolutions parts of the security council but i was stunned by the us we have many friends in the security council and the forefront of course russia and china they were the only two that cast not at the arm of the or the you know as far as the ocean or it's the guys that leaders because they are one or the other four out of the p five put me rephrase that they were two out of the only two out of fifteen that did not support that resolution in the second then this is the second the most recent along with remember that in the first of the authorization also for abstained and for if you wait for i'm not talking about i don't want to disarm the holders but for the most recent months russia and china the understand what's going on and the war they are and they nor there. if they let go once a game. on syria. the that would be the end of the international law and the end of the charter of the united nations there are rules to be observed seventy of member states this is not me

separate present lucian's that were presented to the security council and of course vetoed by russia and china because russia and china hold the position that the international community cannot just push out the governments that with respect to syria the syrians need to decide what will take place in their own sovereign country. now discuss these latest developments in syria was james corbett who's editor of the japan based and of hannah news and information website the corbett report joins us live from gaza thanks very much for being here with us on the program james now first off how crucial do you think is it to regain control in homs by the syrian government and to what extent is it a turning point in the violence and unrest which has been running for almost a year now. well it's certainly an important event that's taken place but whether it turns out to be a turning point at the end of the day if it's obviously too early to tell and ironically enough i think it the answer to that question doesn't really lie in the hands of the syrians themselves it really hangs in the balance of the inter

for the simple reason that russia and china are no is this is this legal reason is called the simple reason is called libya ok jake i think this is one of the things that's really tragic about the whole situation because there is a civil war in in syria right now in it but i agree with you they're going to have to resolve it themselves one way or another but it was the entire precedent of libya that is really done this because great powers like russia and china will say ok now you pick another country you don't like and you'll change regime which one will be next that is the logic of how the this is the live the situation in in libya it's played out in the russians and the chinese and others are seeing the same thing. absolutely i mean they they create these u.n. resolutions that are supposedly tightly constrained but as soon as they're approved their language is very used to justify anything and what is part of this was this humanitarian intervention in libya which ends up with a regime that is just as bad as the previous regime and so when you have these kind of internal revolution

on the other side and i think i think there is a chasm of christine russia and china absolutely no one living in mortal replicated in syria bestowed follow i'll go away go away if. nato but in a way will russia and china intervene that's a big question i think they're around to write about it by consider it i hope that they would do so or i hope they would take enough action in advance to prevent it if you just laid out a red light and say this line would be crossed look what we are now speaking of obama professes to want peaceful resolution in syria he goes along suppose we will see another way for peaceful negotiations the non-binding presidential statement from the security council was passed but i wrote an article about it because of worries because it says need doesn't go a lot further measures will happen but unspecified very very worrisome but. what's concerning is here obama is saying one thing edge doing that the headlines today obama is a boy it was you know i'm lethal aid to see. here use our position what is it include any clues communication equipment communication

i don't think so i mean russia and china's position on this the resolution that was put to the security council that russia and china vetoed made no mention of military intervention it's very important regime change is mentioned in there and in the need to change the political order on the ground so it's under the same we understand and slaughters its own people like that and is an elected and has ruled for forty years and i don't think it's unreasonable to discuss regime change with the people on the ground in syria i mean we have always and we have to continue to have some understanding of the situation on the ground in syria and the suffering of people. during their in a situation like this where is the government totally unaware that government engages in this kind of atrocity against its own people of course they begin to look a little bit maybe you know again clearly you don't like this doctor and so what would you suggest doing ok. i don't like or two people so i said because of what stephen said it has strengthened the security council and we have the shariah every now and again

cross into being battle city following un security council call for humanitarian aid bad by russia and china. russia's prime minister and presidential candidate vladimir putin says the rising opposition activities has energized his government to respond to changing public moods media for media the election front runner refused to back new parliamentary elections however he wins something. and prepared to see what he fiscal pact aimed at keeping member states deficits within limits which critics say will cost nations the sovereignty when it comes to budgetary policies despite its economic troubles law could yet expand will be formally granted canada's status. x. we are off to explore the best vegetarian eateries in the russian capital. stay with us for that. christian cuisine is. famous for its dumplings and its pies beef stroganoff and hearty brock's but have you ever wondered about a meekness moscow. about five to ten percent of muscovites are in fact it's vegetarians but the preference religious or ethical reasons for causing a stir in the christian capital. has health become a modern requ

the weakness of that today is that russia is only partially cooperating and china not at all. plomatic role is to convince russia and china that a military attack on iran would have devastating consequences, not only for iran and the united states and israel, but for russia and china also. in other words, to get behind this program to put real pressure on iran. that's what i would recommend. >> secretary schultz, as the diplomat here, you've dealt with a lot of difficult issues what would you do about iran, and what advice would you not only give president obama but what advice would you give prime minister netanyahu in israel? >> i subscribe to what bill said completely. however, if we have a situation where sanctions are beginning to really work in iran and it looks to me as though they probably are, the financial pressures ar great. that is the real pressure point. it seems to me we can't allow iran to draw out a long diplomatic process which they simply use to gain time to develop their weapons. so, i think we have to move energetically.our enrichment capacity for peaceful

i would like to ask the role of on china and russia here. let me say up front, and i'm sure you'll agree, that it's outrageous that china and russia blocked the u.n. resolutions and both of them most recently in february. as i understand it, according to the center for strategic ay natl studies that was issued, the arms imports to russia and syria, that they have been a leading arms supplier to the assad regimregime, has that bee case, do they continue to provide arms to the assad regime now? >> theyes they do. >> so russia is providing arms to the assad regime as they murder their own people? >> they have a long standing foreign military sales relationship with then and it continues on unstopped. >> and us does not seem to matter to russia at all that they are using these arms to murder their own people. it's outrageous, and china has provided arm as well to a lesser extent to assad? >> let me get back to you, there are other issues of assistance but i'm not sure about arms. >> i would appreciate a follow-up about that, but to some extent th

is all because russia is as it is a land of immense natural wealth in china it's very much in need of resources the appeal of south africa is that's a marker is really much the financial center of africa so there has for providing education weren't for chinese banks to get peace and to address about africa seems to cygnus true for brazil. so polo is really in many ways the financial capital of america so it's not that china is they can make our house it's each of these countries to benefit from. mutual benefit of this record show we have from whatever everyone. and the next hour he speaks with the chairman of the world's largest commodities trading company who thinks the chinese industrial boom will eventually be phased out. at the moment china on a comparison they say is. certainly doing good of and everywhere else so whether that's going to lead the world forever or have i don't think so but we have history going into it but china not china is a manufacturing country today and benefiting from many parts of the manufacturing is really pretty in the western w

council to allow immediate humanitarian access to the worst affected areas a motion supported by russia and china an ocean a spoke to residents of the seed city who gave an eyewitness account of what she described as atrocities committed while the rebels were in control. international red cross and syrian red crescent has reached both its brought food water and medical supplies to the city that suffered from an almost month old siege humanitarian agencies are also expected to create injured from the area many people have been killed in homes as well their bodies have never been taken away and that will be another part of their mission which used to be one of the opposition's main strongholds here syria is now under the government's control local media reports that in the tunnels underneath hopes the army has discovered the fighters based under command and control center highly religious or exporters and explosives the reports also say that they've found hundreds of bodies with multiple injuries and torture marks the station on the ground still remains three mattick i was killed infrastructure has

now the problem is not what we call the international community right now the problem is that russia and china in the u.n. security council have been blocking significant action for all months and months and that's the reason why you know all in the thing is the reason is why is that why should the international community quote unquote nato and its allies led by the united states determine which machine should rule and which should not run when if i know to you how would you describe the opposition in syria are these jeffersonian democrats or are they some people are they religious fanatics do they want to do the sunni's are being supported by saudi arabia etc etc i mean it's not black and white the there's a lot of oppositions in syria. it's fair starch least is say someone. bought off that assad regime now they're syrians has been killed actually why are struggling and so we're actually the continual backing down so that he might go with iran yesterday when activist actually he said their main. concern for it was we had actually it's a woman's just made by russia and she had to put aside hee

an evolutionary step yes i mean china and russia are already have agreements to exchange in their own currencies china and japan even are creating these type of exchange scenarios so it's decreasing the role of the us dollar and foreign reserves in exchange reserves so that these countries will be less dependent upon the u.s. dollar itself to trade in various goods and currencies and that it's symbolic of the decline of the u.s. dollar in global markets it's sort of a type of rebalancing the poles of power world by the currency system itself is what is needed is what is in need of total overhaul i mean the fact that there is simply reducing the role of the u.s. dollar just not exactly solve the problems of the global fractional reserve central banking system one other big announcement that they are expected to make is that there are all these countries are planning to form this joint development bank how do you think that this band could rival the world bank. well it would be it would give better terms and fair conditions to those who use the bank specifically these countries it would