that none of them could actually support the world economy with a reserve currency like the united states dollar comes and people are starting to see the reserve currency is still the us dollar. >> tom: is the dollar the may have been beneficiary of the problems we've any in europe. >> that and some commodity bases countries like switzerland. it's been interesting to even watch today as the vote is about to occur in greece you're starting to actually see the euro strengthen which is a big surprise to me because structurally i don't think the euro is where it needs to be. >> tom: i want to ask about the euro in a moment and international business in europe is a big part of profits for shareholders. do they get hurt if the dollar rally is able to continue? >> if the dollar rally continues then what really happens is whenever you're selling a product in europe it tran trans to less dollar backs and if it goes to 140 you're getting 140 instead of 150 if you sold it for 100 euros. you're right. it's a little counterintuitive you would think it would be great for the united states but roughly 50% of t

>>barnett: it is high and that primarily reflects the weakness of the united states dollar. my guess is in time that it will ease back a little bit. so long as commodities are in high demand and the price of commodities are high; the australian dollar will be fairly high. >>scott: how constrained are you by the shortage of skilled labor? >>barnett: yes the state only has 2.3 million people and at the moment there is 107 billion dollars worth of resource projects either in construction or going into construction. and there is another 194 billion dollars at various stages of assessment and feasibility. so skilled workers; engineers, all sorts of professionals; welders, plumbers, electricians we do need them in literally in tens of thousands. >>scott: so what are your views on wayne swan, the australian treasurers' plans for a carbon tax? >>barnett: well the carbon tax is an issue where most in australia, myself included, believe we are getting ahead of international policy in that area. i am also very skeptical as to whether a carbon tax will actually bring about fundamental ch

prosperous country we would hope that some consideration be given to repaying the united states some of the mega dollars that we have spent here in the last eight years the united states imports of oil to make its economy go go forward and the point of all this meddling is to try to keep the price of oil down so the us has a functioning economy that's the point of the wars it's not about renting out assassins for a few quick bucks to help your reelection campaign this guy is not only is he a horrible horrible musician and not only does he look like elmer fought on crack but he's a dunderhead who doesn't even somebody should give him economics one hundred one and he should sit down over the weekend and learned how to post to what that equals because he's obviously either a incredibly stupid be on drugs see he's a front man for al qaeda obviously if he was responsible for the nine eleven attacks and all the above this is the way the american empire operates their foreign colonies remember room and britain left behind vast you know infrastructure projects america just goes and blows apart their infrastruct

is this a good use of united states taxpayer dollars? >> [inaudible] >> could you turn on your microphone? >> we have had some significant successes with our assistance. i understand the report touches on some of those. that was certainly include education. before you came in, we were talking about the provision of basic health services. i can tell you that i am committed to ensuring that the assistance we provide makes an important positive difference and can be implemented and can be sustained. i would agree, personally, with the three basic conditions that i saw in the report which i have not had the chance to fully steadstudy. this should be achievable, and sustainable. administrator shaw and the deputy secretary have responded on behalf of their respective offices. they are the ones to speak authoritatively on the matter. i can tell you that if i am confirmed, going forward, our assistance has to make a difference and it has to be sustainable. >> you said we had some successes. of $19ie i the scheme billion would a success. -- what

the iraqis trying to send is on our way after the united states as well as forty four hundred plus american troops and maybe a trillion or more dollars in terms of expenses the united states made up with very little to gain and i agree with russ in some ways i think obviously oil and resources are very important but there are other factors too this desire to project american power into the region to take out people that are considered adversaries not just the united states but also of israel and to and to essentially establish american hegemony in that region or at least still show that america still has a lot of power there those kinds of situations are often not advanced with these military means as we've seen with united states suffering a great deal in terms of the iraq war and the fallout from that and the afghan war two with the fallout from that so so russ is is there an analogy here between the last days of the british empire in the twenty's and thirty's and today with the united states i mean you know your thoughts and robert's concept that we're we're projecting power in the region i'm using the word empire he does. you kno

large donors that are terry contractors who benefit from the four hundred twenty billion dollars that the united states has spent in afghanistan eighteen billion dollars in civilian aid it's gotten over the last eight years are there pressures that we keep members of congress from supporting foreign policy like what you're calling for what rand paul is calling for of course i mean you've got big money involved here the military industrial complex plays a huge role in the amount of money that's involved here you've got contractors that are on the dole you have foreign dictators on the door i mean look how many middle east dictators receive billions of dollars from the u.s. government those donors have influence they have influence in congress it's also a matter of domination you've got a full loss of fee of these status that say we want the u.s. government to dominate the world to engage in regime change operations sanctions. assassinations and beijing's occupations we want to stop that because what are destructive it is it's producing the terrorist threat that they then use it is an excuse to take away

has the president of the united states devalued your dollar? he's made us all poorer. now get this, the day that president obama took office, and your share of the national debt was $35,000 for every american. and that was after nancy pelosi had the gavel for a few years. you know what it is today in president obama? your share has gone from 35,000 to 46,000. in national debt. who would like to join me in sending a change of address to 1600 pennsylvania avenue for 2012? that's priceless. i think the final thing we saw earlier this week in the debates is the fact that in 2012, i believe that this race will be all about you. not about politicians. it's going to be about you, and the future we hold. about the free market system and about the morals and the values that have always been the cornerstone of this country. and it means, i think, that we will have to trust our neighbors and friends with telling them the truth about what is going on in our country. and i don't think we should fear about telling them the truth. never has anything been more important of this exampl

does not need trillion dollars to the united states so let a little thing i did say to this country that i love dearly is doing everything you can right now just to serve our dollar and to balance your budget as soon as you can all the more reason we're covering a story and telling americans to look over what's going on in greece of our make up here mike i want to thank you very much for joining us tonight. now there's still much more to come on tonight's show the week of a grand jury is underway in alexandria virginia we'll tell you who was subpoenaed to appear today and the updated f.b.i. manual gives their agents a lot more leeway when it comes to conducting an investigation but does it give them too much on check power when it comes to investigating you will be right back with that. more news today. these are the images the world has been seeing from the streets of canada. showing operations around the day. today the wiki leaks grand jury meets again in alexandria virginia with several people who have now been subpoenaed from boston massachusetts in attendance now one of these people

relief from these oil prices and yet we're still hovering very close to one hundred dollars here in the united states and in europe closer to one hundred fifteen dollars so while is really one of the major catalysts along with what we talk about biofuels that has been charging the commodity trading we warn in rice and other grains are right well a lot of a lot of interesting details there really get appreciate your time and i was daniel decker senior contributor of the street dot com. please be sure to tune in to our next newscast in about thirty minutes from now we're going to talking about the raiders at the last privacy we just got this video in-house take a look at footage of the court site the data center right outside of d.c. in reston virginia and miss ames where f.b.i. agents raided computers web servers other materials knocking a series of sites offline that i'm still not up and running so what's going on.

year two thousand and twenty though the chinese will have over over two trillion dollars in investment there the united stateswill have approximately three hundred billion dollars i mean this is when i get to the term the great game i mean that the chinese see this is a very very interesting place to invest because there's a lot of baggage that they have to carry when they deal with the african leaders there's they're the same that would say the values gap that is always bench in between maybe like the united states and china so-called because i think there's a lot of things that western countries ask of they deny people on the ground certain rights so what do you think about that i mean is it easier for their africans to borrow money and get investment from the chinese than from the west because of the baggage. well i do think that the chinese have made a focused effort to invest in africa to increase their trade with africa mainly because they need to natural resources the fuel grows back home that is given african countries more options because they don't simply have to rely on the west and the conditional

concerns about the amount that small and poor job state or from the main consuming united states have a softer dollar and of evil in the middle east on linux and the loss it's not even shares are trading in the red pressured by disappointing u.s. economic data the nikkei is down over a percent the stock into confidential as a mostly lower stock in tokyo electric power corporation fell twenty six point nine percent after kyoto news reports that the company will report a massive loss for the carcass per year. here in moscow equity markets started the day higher reality has advanced point two percent in the first minutes of trading them isaacs is still. quote and here you see friday's closing pickett's russia's equity markets ended last week in the red not rubinstein it i have seen metropole predicts a more positive outcome this week with investors further developments in europe and the united states. this week is going to be interesting to watch because following their worse than expected numbers. and labor market out of the united states on friday on line in hand and a second bailout package for greec

dollars u.s. radio. those and peace activists well showmance as that the west has hijacked enough pricing to serve its own interests. the united states is spending two million dollars a day and a billion and a half dollars just been handed to these so-called rebels usually the leadership of these rebels how do you follow his star as a twenty year operative of the central intelligence agency the cia and they. hijack this uprising initially against gadhafi and it is a complete subordinate. position is a group now that is being funded and armed by the nato powers the united states their objective is to carve out a living into several countries and diseases forty four point two billion barrels of oil reserves that's what the objective is it's the sixty imperial war that obama is waging in the region and it is a genocidal war in all its features the target is the population at large not merely because off the regime. in syria president asad forces have reportedly taken over the rebel held town of gore meanwhile pressure is mounting on syria with britain and france pushing a draft u.n. resolution that russia and china who oppose any attemp

concerns about the moment that's following poor jobs data from the main consumer the united states however soft the dollar and of people in the middle east are limits lawsuits. and shares in asia were lower on monday pressured by disappointing u.s. economic data and japanese stocks added to their losses in the afternoon session the nikkei fell over a percent oppose stocks in tokyo electric power dropped twenty six point nine percent agio to news reports the company reported a massive loss for the fiscal year stock markets and hong kong soul and shanghai closed for public holidays. european stock markets opened lower on monday extending the previous sessions declines you case footsies down point two percent germany's dax is trading point two percent as well now among stocks in focus shares in germany's parent pyros over two percent after a successful drug trial severn trent fell one point one percent after it was downgraded to underweight i.g.p. market. and here in moscow equity markets are lower screwed slipped below one hundred dollars a pound the altair is down just a notch and was x. is point eight per

slightly lower on concerns about demands following poor job status from top consuming united states however soft a dollar and upheaval in the middle east are limiting the losses payson shares are trading in the red pressured by disappointing u.s. economic data and hang sang is losing more than one percent nicky's down zero point seven percent in japan financials are mostly lower also sony corp extends loss has fallen a series of. hacking incidents resulting in data research. and here in moscow the trading session was started about two hours time on friday equity markets close in the red coloring a weak u.s. jobs reports the r.t.s. and then down a point over one point three percent in the my six was one a half percent of the world. now russia's equity markets ended last week in the red after week data coming out from the u.s. market i have seen metropole predicts more positive outcome this week but investors eyeing further developments in europe and the us. this week is going to be interesting to watch because following their worse than expected numbers. labor market out of the united states on friday on

states, john. but we've been there 10 years, we've put in a hundred thousand troops, got 16, 1600 dead, cost almost half a billion dollars. if the unitedtates now pulls out and this thing collapses, and it's seated to the taliban, the americans will be perceived as a superpower that lost a war to which and committed itself and will cease to >>> the u.s. war in afghanistan, now nine years and 300 days old, is the longest war in american history. it's longer than the american civil war, world wa in afghanistan, $444 billion. eleanor. >> well, we're not pulling out precipitously. what they're talking about is beginning a withdrawal, and there are a hundred thousand u.s. troops there to surge -- the president ordered is 30,000 troops, and you have the hawks on capitol hill led by john mccain saying we can always pull out 3,000. you have democrats wanting to pull out the whole 30,000 surge, which would still leave 70,000 troops in afghanistan, and knowing president obama, who likes to split the difference, they'll probably begin with a withdrawal of 10,000. but you cannot keep justifying this continued presence beyond 10 years. you'll have

united states doesn't let china buy u.s. companies because they need them to buy u.s. dollars absolutely plus they know as long as they're buying our debt we can always default we can always print money and wipe it out with inflation we don't want the chinese to get their hands on our real assets but the minute the chinese figure out that this isn't just big a ponzi scheme that they're participating in it they can never actually use those dollars for the things that they want all they have to do is endlessly loan them back to us at ridiculously low rates of interest they're not going to want to play this game anymore and they're going to walk away and so will the rest of the world and then we're going to be stuck with a pile of our own worthless currency and nothing to buy i was thinking of currency corporations have a lot of it where are they putting it because you mentioned the fed's policy of quantitative easing all of the liquidity in the system but interest rates in the united states have never been lower and there is no essential a return on investment in the u.s. if you

the united states is spending two million dollars a day and a billion and a half dollars just been handed to these so-called rebels usually the leadership of these rebels how do you follow his star as a twenty year operative of the central intelligence agency the cia and the n.s.a. yes hijack this uprising initially. and it is a complete subordinate. oppositionist group now that is being funded and armed by the nato powers and the united states their objective is to carve out live into several countries and diseases forty four point two billion barrels or moral reserves and that's what the objective is it's the sixty imperial war that obama is waging in the region and it is a genocidal war in all its features the target is the population at large not merely because the regime. in syria government forces are said to reestablish control over the rebel hotbed. it comes amid continued pools by the british and french u.n. resolution against president assad and his government but russia and china who believe any intervention in syria would only cause more bloodshed say they'll stand against any