fifty percent of the buyers of u.k. bonds now that's an artificial market the bank of england has become the market and if there was an actual genuine market for government bonds then yields would be considerably higher and but this artificial market has created a situation where governments don't have to make the cuts that they have to make instead because they're able to sell their debt cheap. so governments of continue to expand when they should be cutting and the market can stay irrational longer than you can stay solvent to misquote keynes but the point is when this goes i just think you know hide it down i trust me you are so written a book tell us about it yes i have got a book out funding it with a new publisher called unbound it's a book calling very much for change i try to explain the economic crisis and the drivers of the economic crisis but i found alternative explanations ike i place the entire blame for this economic crisis and the bloated financial sector in the bloated government sector i see it is enti

from the u.k. that's led some to question whether the brits with all their love of trumpeting free speech and balance by doing so very selectively obviously britain press t.v. very early on the first country in the world that. television news channel there are only. a propaganda channel as it were the one percent does no one in iran even those opposed to. even those opposed presumably do that islamic theocracy. would support this out of the t.v. its founders say that they're inspired by events like the arab spring and television channels like al-jazeera and al-arabiya in fact they say that unlike in libya and afghanistan they want to promote political change from within and it looks like perhaps because of their oppositional political agenda nobody here is stopping them. london. an independent scotland could leave the u.k. exposed and vulnerable let's bring the blues a major part of its nuclear deterrent if edinburgh manages to go it alone and break away from the u.k. find out the latest on london'

market implodes even mervyn king today in the paper said that the u.k. bond market is set to implode and there are you know every central bank in the world is buying gold to to hedge themselves against this sovereign bond collapse sovereign bonds are turning a two hundred fifty year high in its own bigger bubble then the to lowball bubble it's a bigger bubble than the sub sea bubble central banks are buying gold germany saying oh my god oh my our goal and wall street is saying we soldiered junk rated aaa and we told you your gold is safe but it's not germany. you're getting screwed buddy but you did say that the germans are filled with guilt i think when they come to audit their gold supplies here in the u.k. at the bank of england they'll find a safe deposit box filled with guilt. that's right they were placing their guilt with guilt there you go there's a journey there's a yes or you can oh by the way the price is crashing oh well here's an iou for worthless paper buys friends and i say good bye to germany clarkson on your way out he's a pretty good lo

that the u.k. is unwilling to discuss not only safe passage to ecuador which would essentially honor the terms of the asylum that ecuador has offered him but also even the principle of what they do in a situation in which there was however the british foreign office says that it hasn't had any notification that julia is suffering and is sick and that if it does they will consider that so we have to see how the situation progresses grossmith there in london has threatened return over an alleged deadly israeli airstrike on factory in khartoum tel aviv refused to comment on reports that four of its fighter jets carried out an on a planned providing rockets to gaza well to discuss this policy director for just foreign policy joins me live now. well there is talk of retaliation what kind of response do you expect from sudan. the first thing i expect to dance to you is is wearing fake it's already doing recording two press reports just reaching out to regional institutions where they've you know urged th

represented by an increasingly dysfunctional u.k. government doing all sorts of silly stuff in our relationship with europe and even today in getting itself and tied into knots of both are we in the north in the skull and we have a different way of doing politics and today it gives us a start and government of national debate which will get two years to actually run through all those discussions and debates and i feel very very confident that we're looking at a yes vote at the end of the now but you are discussing issues i mean is it more to do with concerns of the e.u. or is it more to do with historic national pride. by so far as you have lots of different things and without our history we wouldn't be the nation we are today but to say it's not about things in the past it's of a future right no scotland is governed by three different parliaments the european parliament where i am a confederal gathering of member states of the working together the u.k. parliament the scottish parliament no domestically within the u.k. there's a lot

earlier this year a spot on the u.k. so much to the irritation of richard branson's virgin airlines that was given to easy jet has promised to charge no more than two hundred dollars per seat for the first three years the russian aviation authority is thinking about opening up the skies here to foreign budget carriers but as things stand it will be a brave operator that comes here there have been two russian attempts to create no frills but both founded last year under huge losses. ok let's check out some markets were a fly on them now we got a foot see. over a third actually not because the u.k. emerged from the recession in the three months from july to september apparently helped along by the olympics the year extended its gains versus the dollar strength of news events coming out today limerick results show u.s. jobless claims declines we've also got some russian equities to check out as well because they are dipping into negative territory as we can see just that coming up here on r.t. we have got spotlight back on

is going to have a hearing in the u.k. where judges will decide whether or not it's bad to send a suspect over to the states. live in london thank you. well from moscow this is our wine considered the put to me of french culture pride and press stooge but some are suggesting the country's national identity is now threatened by foreigners hunting for vineyards all across the country but the national front france is a far right party has slammed the new trend as emblematic of the danger threatening french heritage for investors could be playing a negative role here as well taxes depend on a region's average sale prices so businessmen from abroad who often pay two or even three times the market value of forcing higher costs onto the locals our special report from the region is next hour right here on. this at over two artes creative people being good to see you today you're taking over the business just now it turns out though that all of us having a reputable job are in the wrong line of work or organized crime or one of the

and deciding many of its own affairs but within the u.k. and that's likely to be the focus of the debate over the coming two years we'll be tracking it closely this send to thank you for your input gerry purvis leader of tivo plus campaigning for more powers for the scottish parliament pretty. well scotland may be mulling over going it alone and but one country struggling to keep it together is greece although the greeks do seem united on one thing and that's their anger at german chancellor angela merkel who's in no doubt about the feeling she can check out our online gallery from athens i don't see dot com. israel's prime minister's order the parliamentary election to take place early next year eight months ahead of shared jewel was believed to be banking on the swift poll to secure israel action at a majority for his party right now is struggling to get his a sturdy budget passed while ramping up the war talk against iran election success would embolden who has long been threatening an offensive against iran but is thought that striking

citizens come over to the u.k. to be tried so what the home secretary has suggested is that there is now going to be a forum bar for anybody who is wanted by the united states and that means in plain terms that anybody wanted by the u.s. is going to have a hearing in the u.k. where judges will decide whether or not it's bad to send a suspect to the states. the appeal hearing for a prominent bahraini human rights activists is adjourned till next month now bill rashad was jailed for three years in august for organizing and participating in illegal ronnie's rajab sentence brought hundreds of program form demonstrators onto the streets to demand his release but unrest in bahrain has been ongoing for more than twenty months with fights between police and demonstrators erupting almost daily and around eighty people have been killed since the clashes began and thousands arrested in crackdowns by the sunni rulers on the mostly shia campaigners the protesters demanding more rights equal access to jobs and education opportun

still ahead small cuts in europe as britain's military maneuvers the u.k. is cutting back on the fruits of its soldiers to free up cash and buy some high tech drones instead plus. we're going to go back to our top story now the conflict in syria and its potential to spread into turkey i'm joined live from beirut by dr franklin lamp who's going to talk to us about of the situation he's an international lawyer and political analyst good to see their doctor lam so many people in turkey seem to see the parliament's decision as a step towards war with syria do you see you are a little. not particularly i think it was expected the vote there was a debate it wasn't over overwhelming vote demonstrations and in some borders you know it's a it's a it's a response to syria but i don't think kids are anywhere near a declaration of war now syria is being really courses in the wake of the incident and the government told its military to keep as craft at least ten kilometers away from the take its border and to avoid a teller a fire they'd seen that if it continues this w

u.k.'s prime minister and scotland's leader have signed a historic deal paving the way for a referendum on breaking away by the end of two thousand and fourteen sara first is in edinburgh. prime minister david cameron met here in edinburgh today with first minister alex salmond they signed that memorandum of understanding ahead of the referendum for scotland's independence it will be held in the autumn of twenty forty now that is going to focus around a single question is the prime minister said today is that the biggest question of all will be set to assert for scotland all a united kingdom now that this is being used in the coming law wrangling lots of consultations but now all sides are going to be able to get a forward and they're going to be wanting to set forth their arguments to the scottish public about whether or not scotland should indeed be independent the polls often around a quarter of people actually full independence but you know it really is two years until that vote will b

the u.k. military is to balance its books by laying off thousands of soldiers while still throwing billions malfunctioning military machines. was fourteen years of textbook socialism are put to the test in venezuela as hundreds of thousands of the capital in support of it we charge this ahead of sunday's elections. this thirty live from moscow with me marina joshie now what began as a peaceful anti-war demonstration turned on glee in the turkish capital ankara after riot police moved in to disperse the crowd officers fired tear gas and used water cannons as well as smoke grenades against the activists with manny bystanders also getting caught up in the melee thousands also poured into the streets of the stamboul to demonstrate against the policies of turkey's ruling party accusing it of singing to the tune of the u.s. the wave of popular discontent was barred by the parliament's approval of cross border military action into syria which could pave the way to a full scale war war and that from a

tim metz some who moved to the u.k. -- tim met some. music is full of passion, but sounding increasingly frustrating and angry. lines of job-seekers have grown as well as protests. u.s. unemployment now exceeds 60% -- youth unemployment. these three people have given up on barcelona and are trying their luck here. correct the situation in spain is bad. >> was it sad to leave spain? >> not really. >> i studied marketing in spain and all the companies are closed. >> there's a lot of unemployment in the u.k. >> it's better than in spain. >> the number of people leaving spain is rocketing. the country's national statistics institute says that around 40,000 left in the first six months of this year. that is up 44% from last year. the u.k. is becoming an increasingly popular destination. around 77,000 spanish people are now thought to live in the u.k. the figure has risen by almost a third in five years. to work here you need a national insurance number. a rise in spanish applications exceeds that of any other country except pakistan. >> over

then we get back this is something that really has been proven by of fishel u.k. treasury statistics he was no questions go and will do better economically independent. back to our breaking news that the u.s. has sent troops to the jordan syria border a move officially aimed at enhancing jordan's capabilities if ireland spills over from its war torn neighbor got into can joins us on the phone from washington with all the details. tell us what else have u.s. officials said about deploying forces in georgia. hi karen so according to leon panetta the first victory they send the troops to the jordan syrian border in case the violence escalates in syria and spills over u.s. defense official not leon panetta but they gave more details. said that the forces are made up of one hundred military planners and other personnel who stayed on in georgia jordan after attending an annual exercise back in may and several dozen more have flown in as soon as they are operating from a joint u.s. jordanian military center north so i'm on that american could use for years the news about

citizens come over to the u.k. to be tried so what the home secretary has suggested is that there is now going to be a forum for anybody who is wanted by the united states and that means in plain terms it means that anybody wanted by the u.s. is going to have a hearing in the u.k. where judges will decide whether or not it's bad to send a suspect to the states. the pentagon and state department are accelerating efforts to help libya create a commando force to fight islamic extremists according to internal government documents opponents administration redirected nearly eight million dollars initially intended for pakistan to speed up the formation of a five hundred strong elite regiment and want to live his ability to combat another militant group's report suggest measures to fight terrorism in libya will include drone strikes the co-author of pakistan terrorism ground zero told me a little earlier in r.t. that he thinks this shows the u.s. is in the region to stay. there is no functioning street i don't. need to dr

that the u.k. is unwilling to discuss not only safe passage to ecuador which would essentially owner the terms of the asylum that ecuador has offered him but also even the principle of what they do in a situation in which there was however the british foreign office says that it hasn't had any notification that sars is suffering and sick and that if it does they will consider that so we have to see how the situation progresses correspond with reporting cyber crimes mines in the pentagon the head of next month's presidential election as obama romney clash over foreign policy the defense department's word an attack on the scale of one could be repeated. much more coming up short on. the legacy no one should be proud. of scrap metal pristine arctic landscape buildings still foundation. black smoke over the snow covered peaks the traces of the soviet industrial activity on the bergen archipelago don't make a pretty picture the guiding principle here is the worst the banner that can do nine hundred eigh

the u.k. military ngs to balance its books by laying off thousands of soldiers while still throwing billions of malfunctioning military machines. plus the first t.v. duel with mitt romney leaves a bitter taste for president obama critics say the whole concept of a two party debate is just plain undemocratic. a.t.m. in the russian capital he watching r.t. was me wearing a joshua welcome to the program now what began as a peaceful anti-war demonstration turned ugly in the turkish capital ankara after riot police moved in to disperse the crowd officers fired tear gas and used water cannon as well as smoke grenades against the activists with many bystanders also getting caught up in the melee thousands also poured into the streets of a stamboul to demonstrate against the policies of turkey's ruling party the wave of popular discontent was sparked by the parliament's approval of cross border military action to syria which could pave the way to a full scale war war and that from artie's policy or. w

them britain the army is the latest victim of the financial of he will thousands of u.k. soldiers have been told not to report for duty come the new year but desired his party boyko reports when it comes to funding expensive war toys britain apparently has money to burn. the number of soldiers in the british army is being cut back by a fifth as you can see here that's quite a significant reduction is going to mean the smallest british army since before the napoleonic wars eight thousand u.k. troops face christmas as unemployed civilians defense secretary philip pam and insists the cuts a necessary to balance the defense budget yet at the same time the u.k. is committed to remaining one of the biggest military spending is in the world well any modern army even if it cuts its troops needs up to date equipment but take a look at these the british government has spent some two billion pounds on developing remote control attack drones since two thousand and seven but homegrown u.k. drones don't have a good track record how about the watch keeper drone this nifty piece of milit

from the u.k. it's led some to question whether the brits with all their love of trumpeting free speech and balance are doing so very selectively obviously. very early on the first country in the world the. television news channel there are only too glad to welcome a propaganda channel as it were the one percent does no one in iran even those opposed to it but it even those opposed presumably doing that islamic theocracy. would support this outfit t.v. its founders say that they're inspired by events like the arab spring and television channels like al-jazeera and al-arabiya in fact they say that unlike in libya and afghanistan they want to promote political change from within and looks like perhaps because of their oppositional political agenda nobody here is stopping them. see london. well listen to weeks before americans choose their president obama and romney are scrambling to secure crucial last minute votes in the final t.v. debate to the outline the a foreign policy goals which will both inc

are well stocked with gold the u.k. is not so i see if there's going to be a currency crisis sooner than later i expect it to happen in and pound sterling partly because of quantitative easing not backed up by any gold all right i mentioned c.p.i. and here in the u.k. they call the r.p.i. and the numbers exclude energy and food you responded that well there's not much of a conspiracy here but what about this idea that governments cooked their numbers what we do know is that in the case of c.p.i. our g.d.p. every administration seems to redefine what those indexes are in redefine what those numbers are what's your view in terms of these numbers are they massaged doesn't matter and what are your thoughts on that well it does matter because it changes expectations in the fex policy and it is you know in theory price signals are supposed to matter if you have free markets because we don't have free markets what we have is theater conducted by the fed but in a in a free market system prices are the way that people decide how

philip hammond insists the cuts a necessary to balance the defense budget yet at the same time the u.k. is committed to remaining one of the biggest military spending is in the world well any modern army even if it cuts its troops needs up to date equipment but take a look at these the british government has spent some two billion pounds on developing remote control attack drones since two thousand and seven but homegrown u.k. drones don't have a good track record how about the watch keeper drone this nifty piece of military equipment has already cost the u.k. taxpayers eight hundred million pounds it was meant to be up and flying by now it isn't yet ready and now running two under half years late and want to keep its predecessor it was a drone called the phoenix that proved so unreliable that an army suckles it became known as the bugger off because it often left on missions never to return the phoenix was such an epic fail that it was used as an example of the quote dismal failure of the british built drone for systems engineering students in one u.k. university and the cost of this

before the u.k. was a member of the european union and it exists now you the interesting point is that support for scottish independence is no higher no higher no than it was in the late one nine hundred sixty s. ok you're going to go to you.

and we get by the u.k. pleasing to the e.u. than we could but this is something that really has been proven by official u.k. treasury statistics he was no question scotland will do better economically independent. bringing real currency from the lord of the rings world online we got details of today's exchange rate for the commemorative middle earth coins now in circulation in new zealand instant read online plus a very unexpected arrival as a baby's born on board a russian passenger jet at thirty three thousand feet. back down to worth with a budget to meet he's got the business now so russia needs an immense amount of investment in energy one trillion dollars we're talking about yeah it's not like they need it tomorrow it's over the course of eight years till twenty twenty according to the russian energy minister alexander novak well he says that basically tax incentives will be provided in order to achieve this indeed ambitious goal. first of all we've created a set of stimulating measures to boost the development of new oil

before the u.k. was a member of the european union and it exists now you know the interesting point is the support for scottish independence is no higher the no higher now than it was in the way nine hundred sixty s. ok you're fine do you i mean but people are talking about is this a result of the great recession because of austerity it gets more attention well it gets more of attention especially within the eurozone specially in those countries that are suffering from. especially in the south of. spain where you have autonomous regions that now under the crisis of your. policy of the european union think it would be wiser to become independent but this is just. current situation talk i think you could look at the solutions to be independent as catalonia within the world is not a solution the solution of course is close european union to close the eurozone and this will be the result one is the odds but the other thing is the political result that it will lead to robert you've been very patient go ri

where stoll having the consequences of the banking crisis in the u.k. and the consequences for scotland which actually has two of the banks headquartered in their member r.b.s. and each course they require a huge bailout to cover for those before the rhythm going last and we don't have the consequences of that scotland being a very small country i don't think would be able to stand alone as an entity without the level of support that the u.k. can bring to it but i think that scotland together with england and wales and with northern ireland have been a remarkably strong and successful union if that is broken apart there not only scotland would be weaker on the global stage but also the rest of the u.k. we are stronger together and i think that as far as our presence in the world we are stronger together and i don't think that most people in scotland wish to see that broken apart this is our teeth thanks for being with us tonight peter viles crosstalk on the way out from a bit of business news next. below and welcome to the market wrap on r t now on wedn

well here you know in the u.k. they have a dead cat bounce you know you know growth like that in the u.k. here they report it not very intriguing is it because you strip out the one time for the olympics and the comparison with the queen's jubilee they renamed the. uncle ben's tower to the victoria tower something they renamed all the all the major money meant but this is all very anemic it's not really growing much at all the tories are engaging in a bit of winning waving suggesting that hey we're great we've engineered some kind of g.d.p. out of the double dip recession but in fact it's slow to school or on tick at best . max first of all is the queen elizabeth tower like the present queen like a folk queen latifa tower this is to bring in the punters come to the queen latifa tower and you can get all that wrapping a good time here in london behaving so we've been talking about bankers jumping off cliffs or being pushed perhaps who knows but here is an image from occupy goldman sachs some people are occupying the

and we get by the u.k. freezing move to the e.u. than we get back this is something that really has been proven by official u.k. treasury statistics he was no worse installable do better economically and. bring a real currency from the lord of the rings world online we've got details of today's exchange rate for those commemorative middle earth coins that are now in circulation in new zealand but in france you go online to find out more there plus the very unexpected arrival tools of babies born on board a russian passenger plane at thirty three thousand feet. israel's prime minister's ordered a parliamentary election to take place early next year eight months ahead of shared jewel but he may not believe to be banking on the swift poll to secure his reelection and a majority for his party right now is struggling to get his austerity budget passed while ramping up the war talk against iran election success would embolden netanyahu who's long been threatening an offensive against iran but it's thought that striking before the vote cou

the u.k. is bracing itself for more cuts as prime minister david cameron announces that the country is in for at least five more years of austerity this according to cameron is the only way for the united kingdom to reduce its budget deficit by twenty fifteen the prime minister's conservative led coalition has however rejected the idea of an imposing new taxes on the wealthy and called for more cuts and welfare spending cameron has also slammed the e.u. threatening to veto its new budget he has instead proposed to introduce two different budgets for the twenty seven nations bloc one for eurozone states and one for countries with their own currencies george editor of the staggers blog at the new statesman magazine says that this measure what undermined the position of britain in the e.u. . and that's why you need to that being members but i can't see. your. main. box agreements here. was the division between the you or is there not between. members. can actually isolate. seats at the top table

that the u.k. is unwilling to discuss not only safe passage to ecuador which would essentially honor the terms of the asylum that ecuador has offered him but also even the principle of what they do in a situation in which it was however the british foreign office says that it hasn't had any notification that julia is suffering and is sick and that if it does they will consider that so we have to see how this situation progresses sudan's threaten return a nation over an alleged deadly israeli air strike on a cartoon to the refused to comment on reports that for its frontage it's carried out an air raid on a plan to providing rockets to go answer foreign policy expert a little earlier he says potentially. major crime has been committed. you know the sudanese allegations are true this is a flagrant and violation of international law is wrong sudan are not a more. bomb factory in sudan any time they want everybody has the right to defend themselves within the confines of international law israel and ot

well meantime in the u.k. the welfare cuts are hitting the poorest citizens the hardest letter r t were reports on how charities used to feeding children in africa being forced to step in in britain and then business or russia prepares to warm households in the u.k. and in europe. that's right and it's planning to do so by launching the second pipeline in the lord stream gas project correspondent retirement the bank will bring you all the details in about ten. of these stories and much much more after a quick break hoping you can stay with us in just a few minutes. flying north with me in this old soviet work course of a helicopter is dr vladimir brodsky and his team from the region's medical aviation service we head across ever more barren tundra higher and higher into russia's arctic far north until eventually we see our landing spot with arrive at this tiny village after crossing hundreds of kilometers of snow a wilderness as a boy here suffering favor and the doctors are going to see what they can do. insi