and world bank loans will just create a new dictators in north african countries. max keiser this is the kaiser report money is getting tight i'm reading that the state of ireland is actually scavenging the sea floor looking for a copper left by the telecommunications industry to sell for scrap their drudging their own seabed first scrap copper that's how bad it is in ireland and around the world let's get all the updates from stacy herbert max actually you know that story reminds me of the seventy's when inflation was raging and money was tight and oil in particular was out of control in price but the seventy's also reminds me of times square when you had a lot of hustlers there shaking you down but i still have my leisure suit. or leisure suit as much of the world calls them so the first headline though reminds me of these times square is hustlers congressman pulls support for libya rebels u.s. congressman dana rohrbacher a strong supporter of the libyans people's uprising and now with his withdrawal of support for them because the revolutionaries were not agreei

and so if the new egypt and euthanasia managed to shake off world bank i.m.f. conditionality and manage to get out of this all of the claw of the debt then all of this vicious cycle of taking on more debt than then having to implement more policies imposed upon you by those institutions if you can break out of it and if they can liberalize their economy and if they can let's individuals and entrepreneurs have the freedom to do what they want and if they can liberalize even the basic labor market which is i think the most important thing at this point so that normal young people could just go and have normal jobs without having to ask for licenses from politically connected people i think there is massive potential for both egyptian on the tunisian economy however if they continue down the road of central planning under the ages of the i.m.f. and the world bank if they couldn't take loans i think i think the future is bleak we're going to continue to see more and more of the same a few of the people of the top continue to enrich themselves and make more money wh

or the world bank but part of psychology is clear out. bush and obama have said that the us is addicted to oil so how can they possibly act as a broker in the region when they are pathologically unable to do so the cause of the rising prices of wheat and basic staples obviously was not an egyptian or tunisian explosive issue that the reason for the right price rises globally i thought i personally believe that it's it has to do with the inflationary monetary policy of the us federal reserve but the the local policies of those governments took against these price rises also exacerbated so in egypt and tunisia they tried to impose price controls they tried to impose subsidy to try to put subsidies this is before the regimes felt this is during the rule of mubarak and ali the government did all these very wrong guy enough. prescriptions like subsidizing food in the. and you know it didn't work it only exacerbated the problem because basic economic common sense tells us that it doesn't work and there's not the they're going to continue doing

and so if the new egypt managed to shake off world bank and i.m.f. conditionality and manage to get out of this all of the claw of the debt and all of this vicious cycle of taking on more debt and then having to implement more policies imposed upon you by those institutions if you can break out of it and if they can liberalize their economy and if they can let individuals and entrepreneurs have the freedom to do what they want and if they can liberalize even the basic labor market which is i think the most important thing at this point so that normal young people could just go and have normal jobs without having to ask for licenses from.

and the world bank of they continue to take loans i think the i. i think that the future is bleak we're going to continue to see more and more of the same a few of the people of the top continue to enrich themselves and make more money whereas the majority of the people find it impossible to make a living all right safe again almost the visiting scholar at the center of capitalism and society at columbia university a professor of economics at lebanese american university thanks for being on the cars report thank you max all right that's going to do it for this edition of the kaiser report with me max kaiser and stacey aaron i would thank my guests safer dana most of you want to send me an e-mail please do so at kaiser report at r.t. t.v. that are you until next time this is backscatter saying by a.

with the introduction of the neo liberal policies of the international monetary fund and world bank ever since then i think the situation in africa has become one in which which essentially we have not a neo colonialism we don't have a new colonialism what we have is essentially occupied territories territories occupied by the large corporations and supported by the international financial institutions and the aid agencies. and so what they're there to do is to reap as much benefits as they can avoid as much tax as they can profiteer. the price that is paid by most africans is massive dispossession of their land massive unemployment massive decline in in in standard of living and more hungry people than there ever were that's the situation with which africa currently face now clearly there are competitions between the different international powers for africa's natural resources and what is missing out of that element is the voice of the african citizens about what they need it's all very well having investments in africa but if the country or the people of the country don't benefit from

corp is by seven point seven percent of russia's trans capital bank the private sector arm of the world bank would buy in through an additional issue of shares worth around seventy one million dollars the i have seen will advise the bank on launching a new financial product it will also lend trans capital thank around eighteen million dollars for this program the banks other institutional investor the european bank for reconstruction and development will keep its takeover around twenty two percent. and that's all the business for this hour we'll be back with more in just under an hour's time stay with us for headlines next. because. it's. the be. the. keep. the enemy. the gifts and. the beauty feel if the big. feet. get. good.

i'm joined by federal but world bank country director for russia thank you so much for being with us how important is it for russia to actually tackle its relatively high inflation. well i think it's very important i think first thing you need to think that inflation is like attacks particularly on taxes of those whose incomes are. you know go up with inflation so that it's like a tax really income to get clines particular pensioners and others i think the other part of inflation if you think about it is you need i think russia wants to become like them our global market for its currency right financial center of inflation is actually you want to have a stable currency with low inflation rates to be able to attract international investors so i think for russia's invasion it's important to bring inflation down and what makes the bank appear more positive about russia. well i think that's a pretty broad question but let me say first thing about the on the inflation side i think there are two things but i'd like to talk about other issues but on inflation number one is the. governmen

is buying seven point seven percent of russia's trans capital bank the private sector arm of the world bank will buy in through an additional issue of shares worth around seventy one million dollars the i have seen would advise the bank on launch a new financial product it will also lend trance capital bank of around eighteen million dollars for this program the banks other institutional investors the european bank for reconstruction and development will keep it stake of around twenty two percent. global investors are gathering in moscow to brainstorm their strategies in russia the event is being held by when i saw this capital has been investing in russia for twenty years business r.t.s. dmitri medvedev caught up with the company's c.e.o. stephen jennings to find out how the investment climate has improved over the. obviously twenty years ago there was no market there was literally no market no infrastructure no capital markets no private sector companies to try to change it's been virus but i think the point is every every phase russia has al performed relative to expectations one of the

world bank private cell reserve and now we see that with president obama going along with nato the attack on libya and saying it would last days not weeks in line and saying his authority comes from the u.n. he doesn't need the authority of congress which to clear violation of the constitution that's similar to caesar marching estridge across the rubicon into rome or the two thousand years ago this is classical tyranny and it is it's this move globally for standardized laws that are created at the corporate level of just last week wiki leaks released documents on the north american union meetings that ban canada in two thousand and six judicial watch and sued previously and got some of the documents and they talk about stealth these are quotes stealth north american integration and then merging that with europe so this is a global corporate governance structure that's trying to transfer power out of our congress into the i.m.f. world bank world trade organization and so that's why more and more we see congress becoming really ceremonial or the schedule and i know i've read that in terms t

know you call us first and if we want more representation in the international body such as the world bank venue you should listen to our case the chinese have huge international reserves that are largest international credit in the world they have over three trillion u.s. dollars and very various currencies internally yes they've had too much inflation and they're trying to cool that inflation zero but they're extra on their international situation got lots of liquidity and can do whatever they want well coming up parties special report on the garbage people in the car on how for them change is something to be afraid of. is next with the latest business. hello welcome to business i'm coming to militant russia needs to diversify its economy as oil production is not expected to grow in the next decade finance minister says the key challenge is to create an environment to develop non energy sectors the source of the steep crease its role in companies and give way to private investment the government is going to so most of its shares and enterprises in the next three to five years this relate

it's going to produce improved their position with the world bank it's going to improve their position if you win because you know the europeans are going to have to be more and more friendly to china because china stating american i cannot save them russia cannot save them so europe is going to be more china friendly that it has been. going to the europeans to say ok let's be friendly we'll keep you all this money will bail you out you feed now friendly is supportive of us instead of being so supportive instead of listening to washington so much you know you call us first and if we want more representation at international bodies such as the world bank then you you should listen to our tents the chinese have huge international reserves did a largest international creditor in the world three trillion u.s. dollars in very various currencies in charlie yes they've had too much inflation and they're trying to let inflation up but i'd marry extra on their international situation if it got lots of liquidity and to do whatever they want. our next day max keiser and his co-host stacey heard u

know you call us first and if we want more representation in the international body such as the world bank then you should listen to our case the chinese have huge international reserves in the largest international creditor in the world three trillion us dollars in various currencies in charlie yes they've had too much inflation and they're trying to cool that inflation but they're extra on their international situation got lots of liquidity and can do whatever they want well coming up all these special report on the people of colorado and how then change is something to be afraid of. is next with the latest its knees. well welcome to business. versifiers economy as oil production is not expected to grow in the next decade finance minister says the key challenge is to create an environment to develop energy. this for the us that would mean of color good. research rule in companies and given to private investments the government isn't just sold most of its shares and he enterprises in the next three to five years this really needs to financial energy telecom and transport troops. or the st

you know you call us first and if we want more representation at international bodies such as the world bank then you you should listen to i our case the chinese have huge international reserves here the largest international creditors in the world they have over three trillion u.s. dollars and very various currencies internally yes they've had too much inflation and they're trying to cool that inflation up but there are extra on their international situation and it got lots of liquidity and can do whatever they want remember to check out our team dot com we've got plenty more stories lined up for you right now. all the hard to find out about the foreign investment fund manager and he has a massive tax evasion in russia who's now been dropped from the country's wanted list. and discover the fate of the former spy master who blew the cover of russian agents in the u.s. including the family fatality on a chapman. the u.s. state department's plans for spreading democracy around the world have been greeted with some speculation that washington may be planning a program of foreign regime change i

some of the world's largest banks accused of being some of america's biggest slumlords so the foreclosure crisis goes from bad to worse in areas of the last and banks are accused of skirting their duties is the growing great american divide between the haves and the have nots. as mainstream media focuses on dominique strauss kahn sexual assault charges and we're looking toward the future of the i am about as countries call for an end to the legacy of european leadership. charles maybe a symbol of america's under cleared wars overseas with the capability for the u.s. to kill and spy on people with a remote push of a button but are americans becoming the next victims of this virtual reality. anything it's monday june sixth eight pm here in washington d.c. i'm lauren lyster and you're watching r.t. now where is the united states heading it's a question many are asking but the answer depends really on who you ask and if you look at a recent rasmussen poll it shows a pretty large divide sixty one percent of the political class voters believe the country is headed in the right direction compare

and join the business of the later this hour as we speak exclusively to the world bank about the outlook for russia's economy and the recently upgraded forecast for russia the place from. its five pm in moscow this is archie coming to you live on news now a with our top story this hour moscow's calling on the libyan regime and the rebels to seek a peaceful way out of the conflict after talks with the opposition and colonel gadhafi cousin who is representing tripoli russia's envoy says both sides understand there's no solution to the crisis by military means it comes as nato continues its intense air strikes on the libyan capital has more from tripoli. precious peace mediator. gallop has indeed visited libya to persuade warring sides to start talking he's not for that purpose both opposition leaders in the libyan rebel stronghold and karzai and his cousin and closest ally. in cairo as he has said to better understand both sides the months and position following these meetings has come to the media to say a good news actually that both sides both kids are free and the rivals agree and unde

consumer price growth in the country now sees inflation at about eight percent this year better albo world bank country director for russia explains what's made them more positive about russia. central bank has taken a series of measures both on reducing liquidity and also increasing interest rates and the m. to the money to the money supply growth is coming down to rates which are comes more consistent with nominal income growth i think the other side of it of course is russia's grain and other food production this year as it's expected to be more favorable so that will also help bring out inflation but more generally i think our prospects for russia are positive because i think the efforts of the authorities that you are trying to do in the business climate increasing competition these are important areas which i think role will also improve russia's performance on the supply side and also reduce inflation that way. that's all from the business desk for now kevin's up next with the headlines to stay with us but. in one thousand nine hundred two dr ralph mainstreet university of pennsylvania s

some of the world's largest banks being accused of becoming america's biggest long lords so as the foreclosure crisis goes from bad to worse in areas of the west and banks are accused of skirting their duties is the growing great american divide between the house and the have nots. as mainstream media focuses on dominic strauss kahn sexual assault charges we're looking toward the future of the i.m.f. as countries call for an end to the legacy of european leadership. now drones may be a symbol of america's undeclared wars overseas with the capability for the u.s. to kill and spy on people with a remote push of a button but our merican is becoming the next victims of this virtual reality. they say there's strength in numbers and it's certainly the case in the nation's capital as a flash mob steps up to the man at the jefferson memorial all in the name of free speech will sit down with adam koch cash he's host of adam vs the man and organizer of this dance dance revolution. good evening it's monday june sixth i'm lauren this are coming to you from here in washington d.c. and you're watching our t

know you call us first and we want more representation in the international bodies such as the world bank then you you should listen to our case the chinese have huge international reserves had a largest international credit in the world three trillion u.s. dollars american various currencies internally yes they've had too much inflation and they're trying to cool that inflation all but there are extra on their international situation that lots of liquidity and can do whatever they want. twenty three minutes past the hour here in russian capital let's check out the nation's business news now with kareena. hello and welcome to business here in r.t. thanks for joining me russia needs to diversify its economy as oil production is not expected to grow in the next decade finance minister if he could and says the key challenge is to create an environment to develop no energy sectors. of quirky good to sleep will decrease its ruling companies and give way to private investments the government is going to sell most of its shares in the key enterprises in the next three to five years this will lea

know you call us first and if we want more representation in the international body such as the world bank then you you should listen to our case the chinese have huge international reserves have the largest international credit in the world they have over three trillion u.s. dollars and very various currencies internally yes they've had too much inflation and they're trying to cool that inflation zero but there are extra on their international situation that lots of liquidity and can do whatever they want for nearly twenty minutes past the hour in the russian capital with a recap of our top stories in about ten minutes from now but first one man who says events in fukushima shouldn't be called a disaster is john rich he's director general of the world nuclear association explain to our team so if you have not so why he thinks nuclear energy is still one of the safest sources of power and getting safer that's an especially given for you next. you're the it. generates it's great to have you with us today thank you so how much of the new production technology improved since its first reactor

talking about roy's in the number of people who between two and four dollars a day as for the world bank and their apologists who talk about you know the middle classes beginning with two dollars a day a pound a day he'd have you tried living in nairobi all of. these guys if you think this is the middle class is there must be really be on some other planet i'm afraid. the japanese atomic crisis expected to dominate talks and security for the other on monday full report on the situation in the disaster hit we presented with japan expected to be criticised for underestimating risks facing the fukushima plant and for a slow response to the events. thomas this is a city just outside the no go zone where radiation levels with above safety limits . the ominous and constant ticking of geiger counters has scientists working in fukushima city concerned similar i'm in charge of the group of radiation detection and survey from fukushima university where now thinking their vacation protocol and process set up by the japanese government is not enough and myself i think i should evacuate from this are