the international monetary fund says the economies of brazil russia india china and south africa are going to see a tremendous growth in the chinese analyst as far as to say the brics financial systems will make up a third of the world's g.d.p. in just for a year to date there has of the brics countries are in china then discussing joint opportunities the future held for. what are they and what are the perspectives of this aggressive young international organization is the former senior resident representative of the i.m.f. in moscow and professor the high school of economics. ten years ago goldman sachs economist says the joint potential of brazil russia india and china essentially could become the world's top economies by twenty p.t. this year south africa joined the group adding even more potential to the financial systems today brics makes up almost a third of the elfs territory nearly a harford world's population and a considerable part of global agriculture resources coupled with immense natural resources and cheap labor costs these factories provide for their current rapid and

the international monetary fund, which is the institution that normally jumps in to try to help troubled economies, they reported just a couple of months ago that since the u.s. deficit is likely to hit a 11% of our total gross national product, that this was a real warning signal. s&p is a lagging indicator. all of the serious economic observers are looking at this and saying we're in real trouble. s&p is late to the game. host: let's go to our first phone call for john fund. ruth is a democrat in memph, >> caller: i am so profoundly disappointed in c-span this morning to introduce this man as a journalist. >> host: i said he's a columnist. >> caller: well, okay, a -- no,: the headline said journalist, and it was washington -- he's being called a journalist, he'se been a spokesperson for theican republican party for years.

and international monetary fund experts fear conflict in north africa may trigger a new economic downturn which could prove devastating to the u.s. . america's financial management is best defined by a nonstop borrowing binge see the clock over there it's a running ticker of u.s. debt we explore the group our natural forecast for america later in the program. first year after the oil spill disaster in the gulf of mexico those implicated playing the blame game with b.p. you know dropping lawsuits on other companies involved the cost of the recalls millions of gallons of oil to gush into the ocean there's always going to check on their reports the environmental impact on human health is being ignored. five million barrels of oil in combination with almost two million gallons of highly toxic chemical dispersants used to fight the oil spill a cocktail that contaminated not just the water in the gulf but found its way into people's blood a year after the disaster and environmental group cast of lot of dozens of cleanup workers as well as residents of coastal areas they found levels of ban seen

international monetary fund and world bank say new economic crisis is on its way and i've already pointed the finger at those responsible rest of the middle east and europe shaky economy together with huge u.s. debt could bring about a new global downturn marina portnoy reports washington risks losing its leading financial role. and you will spring gathering about the world economy produced a dreadful financial forecast we are one shot away from a full grown crisis critics say through the establishment of the international monetary fund and world bank america has positioned itself as an economic dr to the world using the institutions to retain global domination and fulfill the business interests of large corporations craving resources belonging to cash strapped contracts. they very often pressure governments to transparency or raise taxes that could be very very dangerous could slip back into recession were i tell all too familiar to latin america the middle east. and most recently greece. where tens of thousands storm the streets protesting austerity measures public spending cuts and tax

as the international monetary fund meets in washington critics blame their policies for conditions that led to the unrest in the middle east all emerging countries call for a greater voice and i.m.f. decision making archies more important as more. yes. from smoke bombs to probing glass austerity measures budget cuts and taxes have inflamed riots across europe and elsewhere aside from anger also connecting these cash strapped countries a heavy hand played by the international monetary fund and world bank global institutions meant to promote economic growth and reduce poverty yet critics say their priorities lie elsewhere looking after the interests of their creditors spain portugal greece the i.m.f. is working with the european authorities and a lot of these countries are going to recover as much as ten years. public first ration with branford unemployment high food prices and privatization deals is believed to have helped spark mass uprising in egypt. have a suggestion of the i.m.f. and world bank ousted president hosni mubarak's old companies to local and foreign investors forty percen

specifically these countries do want to see a greater influence in the international monetary fund of china wants more voting rights in the world in order to get more advantage for developing countries now also they do this cross at the break summit they did discuss a move toward away from the u.s. dollar as a global reserve currency they want to see an alternative nothing has been presented in detail but this is what they want to see a shift over for another issue that they desire in on is if you had a crisis earthquake a tsunami that's a cause cut a catastrophe over there they want to see a coordinated effort among these countries to come up with a mechanism to deal with such natural disasters which really caught a lot of countries off guard i also like to add one of the key messages of this forum right here is the solving the inequalities recently where they are developing the record i mean you have the rich getting richer the poor getting poorer which is a symptomatic of speedy economic recoveries they all acknowledge that this should not be allowed to happen that the quality of t

now the international monetary fund and world bank wraps up their spring meetings in washington d.c. this weekend and during the meetings they discuss the concern over a global growing global financial crisis but as they turn to the drawing board for solutions critics are saying that it's those original eye of policies that helped create this monstrous meltdown our chief financial correspondent lauren. mr has the story. i. i as protesters to cry their capitalist policies i the international monetary fund meets and to prescribe or of austerity reflects on the state of world economic progress the recoveries and the way that a lot of and most countries see too high this worry over jobs comes as a greek labor unions announce fresh protests over i.m.f. policies they accuse of making their country's economic and job situation worse austerity measures public spending cuts tax rises and privatization part of the i.m.f. doctrine for debt crisis management is now imposed on greece a policy that has been forced on many philippine nations for decades i think most western policymakers think it is

as the international monetary fund needs a question that might not be on the agenda are institutions created to promote economic growth doing more harm than good. good evening it's friday april fifteenth eight pm in washington d.c. i'm lauren was during your watching r.t. now though the united states spends more on defense than any other country six times more than china close to fifty percent of the globe spending it's the elephant in the room dough when it comes to budget cuts in washington but with skyrocketing debt and three wars adding up to trillions of dollars is that going to have to change our t's christine for as our reports. it's clear that we need to cut spending cutting slashing reducing you could say it's in the season so this is my approach to reduce the deficit by four trillion dollars over the next twelve years as an approach that achieves about two trillion dollars in spending cuts across the budget it's no secret our government has a spending problem the problem will now be passed along to community health centers . infrastructure the closing of school. and librari

well the international monetary fund and world bank rounds up its spring meeting in washington a fresh concern over a global financial crisis but as the institutions prescribe solutions critics argue it's those very policies played a role in the amount welcome to begin with our chief national correspondent laura lister. i as protesters to cry their capitalist policies. the international monetary fund meets and the prescribe or of austerity reflects on the state of world economic progress the recoveries and the way and broadband most countries seem to hark this worry over jobs comes as greek labor unions announce fresh protests over i.m.f. policies they accuse of making their country's economic and job situation worse austerity measures public spending cuts tax rises and privatization part of the i.m.f. doctrine for debt crisis management is now imposed on greece a policy that has been forced on many developing nations for decades i think most western policymakers think that it's just imposing tough low tough love mark by reliance on the free market and not on the role of the state the

the international monetary fund meets and to prescribe or of austerity reflects on the state of world economic progress the recoveries and the way that an employment most countries seem to hark this worry over jobs comes as the greek labor unions announce fresh protests over i.m.f. policies they accuse of making their country's economic and job situation worse austerity measures public spending cuts tax rises and privatization part of the i.m.f. doctrine for debt crisis management is now imposed on greece a policy that has been forced on many developing nations for decades i think most western policymakers think that it's just imposing tough tough love mark by reliance on the free market and not on the role of the state the critics like economist gerald eckstein say hurt these countries and contributed to the financial meltdown just as leaders of these institutions brace for another we are one shock away from a food crisis the financial crisis taught us that prevention is better than cure. we cannot afford to forget that lesson but a group of thinkers believe the curriculum is all wro

the international monetary fund predicts america's reign as the world's largest economy will be over in just five years forecasts say will be overtaken by china as early as twenty sixteen. and neighboring india is seeing its new middle class grow rapidly and their spending power and salary business is booming and global brands are flocking to get in on the game. we had lunch here at r.t. for more insight into the ongoing unrest in syria r t spoke to a veteran middle east reporter hard says the country's president who wants to out of himself as a reformer is most likely a prisoner to the will of his security forces. i'm talking to alan hots he's a veteran middle east journalist who's been involved with the region for forty years as both a reporter and a conflicts resolved but alan thanks very much for talking to you now you've been speaking recently lost about whether mainstream media has portrayed the idea of democracy in the middle east in its reporting do you think you have. oh i think it has totally betrayed democracy because there's a political reality to be face. no american pre

now the international monetary fund predicts the american dollars dominance work and within five years forecast blames a weekend currency piling debt which will see china overtake the u.s. . now more on the anniversary of the turn of the tragedy r.t. talks to a member of a cleanup crew who was deployed to the disaster zone immediately after the blast. mr serai of thank you for being with us where they seem to be specific for advisory let's just pause ask them was not you know what you were going to face when you received orders to go to your novel. you know where you're going to win or cede my order i did have a full understanding of what was happening there we had very scarce information at the time i was on a business trip in budapest was told to leave it within the next twenty four hours i flew to moscow and arrived at the ministry where the chief department head told me take a special flight from the colver airfield in two hours to figure out what happens once you get there and so i went to the airport immediately there i met my friends and colleagues design engineers who had taken

bank and international monetary fund to death stricken countries is aimed at helping them recover but is the fact dragging them deeper into trouble as our. reports. from smoke bombs to broken glass austerity measures budget cuts and taxes have inflamed riots across europe and elsewhere aside from anger also connecting these cash strapped countries a heavy hand played by the international monetary fund and world bank global institutions meant to promote economic growth and reduce poverty yet critics say their priorities lie elsewhere they're looking out for the interests of their creditors spain portugal greece is working with the european authorities and one of these countries are not going to recover for as much as ten years. public first ration with rampant unemployment high food prices and privatization deals is believed to have helped spark mass uprising in egypt. at the suggestion of the i.m.f. and world bank ousted president hosni mubarak's old public companies to local and foreign investors while forty percent of egyptians earned two dollars per day it's definitely a catalyst a

economy was three times the size of china but new data released by the international monetary fund shows the chinese overtaking the u.s. by two thousand and sixteen that's just five years china is a authoritarian but you know half capitalist country growing busters. do all these big infrastructure projects very fortunately high speed rail airports chemical comparisons other u.s. and chinese economy use currency as their basis but using purchasing power. the i.m.f. says that the chinese economy will grow seven point eight trillion dollars over the next five years the us economy on the other hand will only grow three point six trillion this leading to the lowest world economic output by the united states in its history just seventeen point seven percent and some economists say twenty six t. is a conservative estimate in real more realistic terms charitable purposes are a little bit sooner than that but that's only five years and i think this is huge implications and that it's those new liberal policies such as deregulation and tax breaks for big corporations that have created a huge wealth

so the brics countries have a common approach to the reform of the international monetary fund and the bank we discussed the necessity of such reform and we've reached a united position on this issue is what is bringing down the volatility. of agricultural products now of course they are coming forward with a comment to the change that they want to see but they are very insistent on say that when they come forward it is not against any other organization it is not about a red attacking another organization it really is just presenting a another side to the story because they want a multi-polar world. we're engaged in efforts to create a multipolar. with a new supremacy over areas of the. rift is not organized against any group of countries in fact work food ration and governance mechanisms and knowing that the twenty first century certainly politics is really. he added color to it that is has has been economic in focus now of course libya is really at the forefront if only because they have come out quite strongly in their statements about the feeling that they have if nato street had

monetary fund says the top spot will be snatched by china in just five years. the new middle class is growing rapidly in neighboring india global brands are looking to get in on the game is spending power in the country celebrates to new levels of society. more insight into the ongoing unrest in syria he spoke to a veteran of middle east reporter alan hart says the country's president who runs out of himself as a reformer is most likely a prisoner to the will of his own security forces to stay with us. i'm talking to allan hawks he's a veteran middle east journalist who's been involved with the region for forty years as both a reporter and conflicts resolved alan thanks very much for talking now you've been speaking with a loss about whether the mainstream media has betrayed the idea of democracy in the middle east in its reporting do you think how this. oh i think it has totally betrayed democracy because there's a political reality to be face. no american president. only an american president masses every american president has the leverage to require israel

leading heartless predicts america is a jewel and in five years the international monetary fund forecast that after more than a century as the world's largest economy the u.s. will be user by china as early as twenty six team are to scale in for the songs that only rising in the east. when china wakes it will shake the world. two centuries ago. but american politicians and economists thought they would have a little more time to this news but twenty years ago francis fukuyama declare that economic and political liberalism was the end of history democracy is really all there is now the final and most advanced stage of societal development what i was referring to was really the growth of a kind of universal consensus on the you know the justice justice or the rightness of the principles of liberal democracy that was really remarkable about our world. today the world but much different just ten years ago the u.s. economy was three times the size of china but new data released by the international monetary fund shows the chinese overtaking the u.s. by two thousand and sixteen that's just fiv

monetary fund and the world bank which is primarily west with us going to. the dollars are running out. and you will spring gathering about the world economy produced a dreadful financial forecast we are one shark away from a full grown crisis critics say through the establishment of the international monetary fund and world bank america has positioned itself as an economic dr to the world using the institutions to retain global domination and fulfill the business interests of large corporations craving resources belonging to cash strapped countries what they do very very often pressured governments to what we call prosecco the economy is weaker than recession and they want them to quit spending or raise taxes there can be very very dangerous i mean you can. make your assertion or tale all too familiar to latin america the middle east. and most recently greece. where tens of thousands stormed the streets protesting austerity measures public spending cuts and tax hikes. as the largest financial contributor washington also wields the largest voting power at th

monetary fund in washington certainly interesting to see what the two sides will come up with in terms of the solutions to the problems facing these countries economically not just a few quick numbers to see to show you how why this region this grouping of countries is becoming really an important part of the world is the world's dynamics first of all they do have to pass in clue two of the most populated countries of the world of course china and india and in terms of trade their volume has reached two hundred thirty billion in two thousand and ten that's about fifteen percent of world trade eighty percent of the world's g.d.p. now these numbers may not be at their peak at the moment they do admit that there's still a lot of room for improvement in this regard but the number the population itself and the potential that they hold is clearly not to be ignored by the by the world in this case now for president medvedev he is it's how his day is definitely packed the actual summit will start to morrow but there have been meetings between the russian the president and the leaders of variou

international monetary fund predicts the north africa conflict with terrell to get another club or comic downturn with devastating consequences for us. america's financial management is best defined by a nonstop boring binge theme park over there it's a running ticker of u.s. debt. we'll take a closer look at the dark financial forecast for america later this hour. it's a year since millions of barrels of oil spilled into the gulf of mexico causing widespread environmental consequences and health problems to coastal residents but even though b.p. is given a billion dollars to clean up the damage the people who are affected are left to struggle with worsen sometimes artie is going to check on the story. five million barrels of oil in combination with almost two million gallons of highly toxic chemical dispersants used to fight the oil spill a cocktail that contaminated not just the water in the gulf but found its way into people's blood a year after the disaster and environmental group tested the blood of dozens of cleanup workers as well as residents of coastal areas they found levels of

monetary fund china will supply surpass the united states in two thousand and sixteen just five years from now to give some more storable perspective the u.s. economy is three times the size of china's just a decade ago china pass japan as the second largest economy in two thousand and nine and the united states has been the largest in the world since it took that position from great britain in the eight hundred ninety s. china's population is about one point three billion and ours is about three hundred ten million they have over four times as many people to send their economy being a bigger than ours if the average american isn't producing over four times the productive output of the average chinese person. so why have previous estimates been so off base the surgeon productivity in china has not been unexpected as their economy has been in many ways been more free market than ours from one thousand nine hundred ninety one nine hundred seventy eight china had a centrally planned economy but since then has been learning and applying the lessons of the free market part of the current d

the international monetary fund has been very credible. we've been clear. we will not cut the transfers from health care and education. that is job one. we will make sure we maintain and continue to fund those programs, because that is ultimately what it is all about. keeping the economy strong. >> it is going to be about making choices. you can have absolutely everything. huge tax cuts. spending on health. this is not the old stephen harper talking. this is the one that has been affected by ottawa culture, i have to said. budget in cliffs and $11 billion hole, things he wants to spend money on, and he will not tell us what they are. will they be food inspectors? but services are going to be lost? canadians are going to have a chance to make choices may 2. >> a straight question deserves a straight answer. today the corporate tax rate at 6%. you save $6 billion. you stop building those mega- prisons. that allows you to invest 6% to improve canadian prisons. this is joyce time. mr. harper is offering new fantasy economics. he cannot explain how he will susta

monetary fund says the top spot will be snatched by china in just five years. while beijing's rise towards replacing washington as the world's economic top dog is just one of the many worlds big subjects which max and stacey and get to grips with next. these. guys are this is the cuz the report chock full of voodoo cults satanic cults the dolls speaking of dolls stacy her tell me more and the cult of america is in the news and many of our headlines here max i am a bombshell age of america and the international monetary fund has just dropped a bombshell and nobody noticed that's the important lie in there from gauchos market watch nobody noticed because of course nobody in a cult ever knows that they're deranged it's only outsiders that it's it was obvious to you for years before that's right whether in scientology or whether you're long the dollar you're in an insidious cult a snow globe of denial and your world is crashing upon you well the i.m.f. has set like hell but thirty date they set an actual date for the end of this cult and that is china will surpass