tv [untitled] February 3, 2012 12:48pm-1:18pm EST
diverting a credit crisis and a liquidity crisis but politicians did the l.t.r. oh technocrats in order to try to get these banks to buy european sovereign debt which they haven't done instead it's just you know as i said averted a credit crisis or a liquidity crisis in their view is this just another example though of politicians or governments doing whatever they think is going to help but in the end of the day it's just a bailout for the banks. but that's exactly what it is that's good sure i mean you pump out hundreds of billions of dollars for two or three years everything looks better for a while especially the people who get it but in the end on its worst for all of us it's worse for the world because three years from now or two and years from now we're all going to have to start dealing with these problems that they're not solving the problems no country that's involved here shows the deficit is a year from now or two years from now three years so all this is is that ok let's
get through the next election or two and then things will be better but nobody nobody as they want to show you about this budget or reduce the debt over the next few years. just continues to build ok speaking of problems building up some people think china has problems building up then i want to bring up paul farrelly market watch has been writing he sat there singing your praises as a commodities guru i want to bring up what he said about if people should follow you. in china he says should you follow his lead forget america invest in china the world's greatest market maybe follow rogers earlier advice and hot commodities how can how anyone can invest profitably in the world's best market he says don't this is a no win scenario for china the usa the world and you so tell me what do you say to that. i think mr prout should short commodities and should short china it's very
simple we don't want to i don't argue with anybody there's no reason to argue all you got to do is write down what he said right so short the commodities sell short china and we will see in five or six years who was right and who was wrong this is not something to argue the market will tell us what the answer is pretty quickly but so far as you pointed out all of europe is now in china trying to get them to bail them out. china and europe try to get your to bail them out america is a job of trying to get. bail the us out can't go mr farrel better read better watch r.g.p. . see who's got the money and who doesn't have the money because so far the chinese individual you know better and certain they'll be setbacks in china of course it will but we in america have horrible setbacks as we rose to power to go over but in the end mr lee's alone yes two choices he had thought of or at from the us a driver
barred from jaya a as a good viking but what about some of those concerns about the housing china over building of luxury condos natha mean a simple day too big of a government footprint a bubble that's collapsing are those problems you're worried about. i don't know what i don't know where the global is the chinese stock market is down about seventy percent from its all time high it's a very strange bubble that is. as far as property yes as that are both in urban coastal real estate but this list of pros a little late again the chinese have been trying to prop it up for three years they have. prices coming down they've raised interest rates they've raised reserve requirements several jobs so i'm not the only one that knows the real estate problem they knew it the world knew it and they're doing something about it but let me repeat what i said before and our china will have said backs we in america in the nineteenth century had fifteen which is the civil war horrible civil war no
human rights massacres in the streets very little rule of law and yet we became the greatest country in the twentieth century child is going to have a lot of setbacks and you've said that so i don't know what it when or why but to repeat if you need a loan you're more likely to get it from china than you are from the u.s. you know this is a large debtor nation in the history of the world china is the largest creditor nation in the world despite said they're going to do well it's an interesting song and dance they did together speaking really quickly before we go we're almost out of time but mr rogers i was just in davos for my first time at the world economic forum where experience for me i'm not a billionaire i'm just a lowly journalist obviously i only have my perspective on the thing but i didn't hear a lot of creative thought or innovative thought i more so felt like i understand where the herd mentality comes from when it comes to conventional wisdom i'm
wondering you've been around longer than me even the you know done very well what's your insight on. why do you say with a new. road and not on. well you're right about herd mentality is. extremely well lots of things. in the beginning there right there. but after a while they become. part of the crowd you heard on legendary investor and author jim rogers.
all right we've got a fun new graphics hip hop beats to talk about some of these stories that we didn't get to. as our producer here in the studio and shannon donahoe in the newsroom we're actually at the control room scares newsroom where am i ok so when the craziness of the eurozone with the debt crisis. it's really become that there are two women that are really kind of the most important in dealing with the financial crises that face the globe one of them is is this one let's roll the tape. here with my little bug to actually collect a bit of money thank you. so there was christine lagarde in davos she's head of the i.m.f. collecting money for the i.m.f. the other woman angela merkel the leader in germany and she is collecting money for the i.m.f. for europe and china as we speak but there's this article talking about the female
titans that they are but but saying are they is this the battle of the female titans you know or is there tension and the the article cites you know le garde criticizing germany for relying too much on exports and then talk about how then merkel fired back kind of a response to that at her speech at the world economic forum so i don't know do you guys buy this well this is the reemergence of the franco german rivalry right we've seen that that was the time of bismarck we saw it again world war one and world war two and france is still reeling from a six to defeat so i think merkel. being chancellor she was in the limelight now christine lagarde as you said she was majestic and. very tall very elegant woman. i think it's i think gone are clearly a level of competition and i don't blame. you know you know i am sorry this is be ok didn't sit there citing a merkel firing back against what glenn guard said about germany everyone is
criticizing germany right now i was at davos cameron david cameron from the u.k. george soros everyone is indirectly criticizing germany because they want germany to spend more money the fact that they are being blown up is the clash of the titans this is written by a man ok men just don't like what. they think they can't get along i think this is misguided and you know. i think it's just interesting how women as opposed. to get out. of each other women's sports rumors oh come on this is just a room full of stereotypes women and men both fight dirty they both you know are passive aggressive i don't buy it women ok let's move on. third ok speaking of fighting this is the lawyer that evidently fights the best against wall street according to time magazine this is the man busting wall street their least favorite attorney he is pretty. i hope i said that right he has
a record of zero losses when it comes to insider trading but when you look at some of his tactics and we already know what the tactics are on wall street ok it makes you wonder if this fight is going on more like this. and we should. remove. the senior louis. ok and we're almost out of time but just quickly this guy wiretaps conference calls for ninety three people with no reason to do so he's best friends with the author of the patriot act is this any better than the guys he's fighting on wall street this is of these guys going to go to a far far with far after nine eleven the gloves are coming off i guess is how we have to go after wall street you've got to you've got to know you're wrong. again we're almost out of time but you just want to add the final word. two wrongs don't make a right thank you two to one demeter you are overruled you were not only on time
for i want to tell you that's all we have time for our show's over thank you so much for watching though you can feel free to follow me on twitter lauren lyster you can give us feedback at youtube dot com slash capital account and you can come back tomorrow for a very exciting show including a video you didn't get to see me with no makeup but it's also interesting ok we'll see you tomorrow thanks for watching.
volleys of tear gas have been fired into crowds of egyptian protesters as people rallied for a third day with reports about least three killed protests against the military rulers broke out after wednesday's football violence left seventy four dead. it says it cannot support a new draft resolution on syria at the u.n. although the text had been softened to overcome some of russia's objections it still fell short of addressing moscow's main concerns. and all polling stations all across russia to get their own digital observer as web cameras installed on orders of the prime minister the move was introduced by vladimir putin as a step toward stopping electoral fraud in next month's presidential vote. next the
a lot of show takes a closer look at the companies and corporations making up america's banking system and their part in the global financial downtowns downturn stay with us here on r.t. . welcome the well get the real headlines with none of the mersey are going live in washington d.c. now tonight we're going to speak to josh fox director of the anti fracking documentary gasland yesterday while attempting to film a hearing on the hill foxes arrested by capitol police so he's going to tell us his
story then we'll take a look at what an earlier withdrawal plan in afghanistan really means for giving up and packing our bags and should we have done this much sooner robert farley is going to join us plus federal reserve chairman ben bernanke he gave a gloomy warning today in testimony on capitol hill he says the unsustainable deficits have major costs and fears that the u.s. could be the next greece so is he right or discuss it with william black we're going to all that and more for tonight including a dose of happy hour but first let's take a look at the mainstream media has decided to miss. it so yesterday secretary of defense leon panetta announced some big news that contrary to what the schedule has been thus far for u.s. troops to hand over control to afghan forces the end of twenty fourteen well all that might be happening more than a year earlier. the end of u.s. combat operations in afghanistan could come sooner than expected defense secretary
leon panetta saying the u.s. hopes to make the transition from a combat role to a training and advisory role by the middle of next year the defense department is now targeting next year for an end to u.s. combat operations in afghanistan u.s. troops are going to stop their active combat part of the mission in afghanistan that is happening next year right now ninety five thousand troops are in afghanistan twenty two thousand are scheduled to come home this fall and all u.s. combat troops are expected to be out of afghanistan by the end of two thousand and fourteen u.s. troops will stop fighting in afghanistan start training and advising defense secretary leon panetta saying some american forces will stay on to assist in the training of the afghan army but ground operations would cease. and this was much earlier than originally planned. are now this is a big announcement i want to get into what exactly it means and says about the war in afghanistan in our first interview tonight or later second interview tonight but first let's take
a few minutes to examine the reactions you know my constant gripe with the mainstream media in the sense of they devote a really pathetic amount of time to covering our wars abroad so an announcement of the combat mission will be ending more than a year earlier than originally planned that's a big deal and i'm really happy that they're covering it today but there is something that mitt romney said last night after the announcement that is of particular interest take a look. and now it's that so the taliban hears that the pakistanis are being asked and leaders here why is the world you go to the people that you're fighting with and tell them the day you're pulling out your troops it makes absolutely no sense just not even saying is putting in jeopardy the mission of the united states of america and our commitment to freedom use wrong. now there are some of you out there that may agree and say you shouldn't tell the people you're fighting against when you're going to pull out troops because well you should do that but c'mon people with almost one hundred thousand troops in the country it's not like you're going to take anybody by surprise but there is
a larger point to all of this say as much as mitt romney might be complaining about the fact that there is going to be a very large very big public change in afghanistan we have to realize that things like this will soon become rarities if the mainstream media already provides barely any coverage of our wars abroad except for when big announcements like this are made or when important anniversary is passed you can bet that they are only going to go even less about what our military and our cia are doing on our behalf abroad in the future you think of the shadow wars that have been expanding other both the bush and especially the obama administration drone strikes in pakistan yemen and somalia think about the new strategic review that was unveiled that wants to put more focus on special operations give a lot more money to those robots that we flying in the sky and we've already seen all this in action and all we get are a little bit of tidbits ok there were two hostages rescued from somalia the other week but did you know that the weekend before that there was also a drone strike or how about the news today at the philippine military said that
they killed southeast asia's most wanted terrorist yesterday in a u.s. backed airstrike did you know that we have had six hundred special forces deployed there since two thousand and two so the more spread out everything becomes the more we focus on small targeted missions the more secretive they will become and the less all of us will know the less will know that is unless we put more pressure on the government for. transparency the way the a.c.l.u. is currently suing the government to get details about the targeted killing program of this administration specifically about three drone strikes conducted in yemen last year that killed american citizens including anwar all along the way we've seen reporters like jeremy scahill go to somalia report on say proxy prisons there to tell all of us the real story now of course the problem here is that the mainstream media they won't do any of that reporting they initially attacked scahill for that piece he was criticized for revealing national security secrets because you know that nobody loves to keep a secret more than the mainstream media so they can keep their ties and all of
their stores as high up in the government and at the pentagon and never get in anyone's way to just realize what's coming and remember that thus far in the build up to what will soon become the norm the mainstream media has consistently chosen to miss. well we've spoken a lot about hydraulic fracturing aka fracking here on the show the process of extracting natural gas from shale rock and one which the natural gas industry is increasingly using across the u.s. have. negative consequences on communities and yesterday and a house side subcommittee hearing e.p.a. investigation into groundwater contamination in pavilion wyoming was being discussed and that's where josh fox director of the film gas land found himself arrested by capitol police for attempting to film the hearing was charged with unlawful entry and is going to have to appear in d.c. superior court on feb fifteenth but what exactly happened and what does it all say
for the freedom of speech and the transparency which has been promised by members of congress joining me from our studio in new york is josh fox director of the academy award nominated documentary gasland josh it's nice to have you back on the show tonight and i guess if you can just start by telling us what exactly happened yesterday how it is that you found yourself arrested. well we were doing what was kind of a routine thing for us which is to go and tape a public hearing we've taped hundreds of public hearings across the country and we've certainly done this in congress before the procedure the protocol is to allow the committee to know that you would like to sue to tape and then usually what has happened in the past under democratic congress is they say ok well you can come right in since the republicans took over congress however we have had obstruction after obstruction and very difficult time being at granted official access to hearings on fracking and this started to happen with
a case that's very sensitive and personal to us and it's at the core of our film the case of pavillion wyoming in pavillion wyoming which is featured in the first film gas land the e.p.a. has done a meticulous three and a half year investigation into the groundwater contamination there i mean really an incredible amount of work and science has came to bear in pavillion what they showed was there was fifty times the level of benzene in the groundwater including other contaminants that were harmful that were associated with gas drilling and the e.p.a. report specifically says the likely cause is fracking now this is that this is a huge moment because it's the first time e.p.a. has done that with this new fracking campaign of the last ten years the first time so what's happening here is the republicans are called here have called here to basically pete put the e.p.a. on trial they called in the investigator the regional administrator and they stuffed the panel with oil and gas lobbyists to attack e.p.a. report that showed fracking was the likely cause of contamination groundwater and
since we've been following these and are activists cowboys and pavillion who've been petitioning for years to get their case reviewed and the results came back with what they knew to be true which is that their water was contaminated after fracking occurred it was so we want to take this and we were getting a lot of flak so i decided after a second to you know i think you'd give us more detail where was it just you that wasn't allowed to go and film this hearing where there are other crews there that were not allowed or did they keep the whole thing closed off. well usually the way we thought of hearings is that i go with my editor countermand co-creator met sanchez and will cover it a very comprehensive way we were told that we were not allowed to film because we didn't have press credentials which is something that is particular to the hill there are a bunch of reporters that only work down on the hill we don't live there so we have never applied for those credentials but we never have made it to the first amendment is your credential the first amendment says congress shall make no law that infringes upon the freedom of the press there are other things the first
amendment says but that's definitely in there so we don't need permission to film a public hearing it's protocol because there are certain the just tickle things but in this case there was no one else there who had showed up to film this hearing we tried to hire accredited people who were not busy that day and that when we when we were when they were told when we when they were asked who they were working for and they said us they were told they could not be admitted so this was very specific about us getting on well how did you know that there was a chance when you went and that you might get they might have to risk arrest dr salute i mean this was a moment when we had felt. shut out for long enough. and. i had appealed specifically to the chairman staff representative republican representative andy harris and they had not gotten back to us even though they said they would so we showed up knowing full well that there might be a confrontation oh this is a risk as a reporter to to walk into
a situation where there might be a conversation with congress because you don't know what the repercussions are but at as it was we had nothing to lose we weren't getting a lot in the congress anyway we had already been shut out so matt sanchez who had his camera out in the hallway was told he couldn't come in the room he was blocked i had my camera in the case and a tripod so i just walked in even though they had said let me search your bag and i said no and then i walked into the room and i set up my tripod immediately when i set up my tripod i saw staffers come up and say you cannot tape record of course we were recording this the whole time and then. after about ten or fifteen minutes which i explained we appealed to the chair get the get the chair to weigh in on this then police start to arrive and the members start to run for the beginning of the hearing the members of congress all of a sudden i look over my shoulder and i realize this whole conversation is being filmed by members of congress and the only person there cameras are on their recording the only person being threatened us with the rest is is me and the i value many of them are connected. john and i know there are others i know they are
also i think i'm going to delay here on gas land there's going to follow up here documentary is all that's going to be in it. well here's the here's the main thing . to one of the main focus is is a new form of contamination which is the contamination of money in washington fracking money in washington every dollar that these fracking companies contribute to campaigns specifically in this case with the republicans is a contaminant in our democracy and that's what we're investigating and when you have a house panel that's clearly attacking science the investigators looking at the science and then you have investigators like myself reporting on this and they're locked up and thrown in jail by order of the chairman of the committee that's not government anymore that's just agree that's behaving in a way that's totally unacceptable it's a violation of civil rights it's a violation of the first amendment it's a violation of the constitution. and i would add that it's as shortsighted as
fracking itself fracking is the short term a lot of money in a big windfall profit for corporations the new left the devil take the future you've left this contamination in the ground forever this decision might have been initially satisfying to lock me up and throw me in jail put clearly there's been a backlash and i think that this shows the kind of snap judgment and instant gratification that motivates this particular. form of governing that is the hallmark of this republican congress well you know josh i think as i said to jam john boehner promise of transparency was taken out with me in handcuffs president obama actually addressed fracking when he was giving his state of the union address the other week and i'm curious as to what you thought of his message because on one hand he said that we're going to have regulations that if any of these companies want to do fracking then they're going to have to disclose the kind of chemicals that the bay use but at the same time he also you
know a lot of the government said that fracking is a great thing and this is how we came up with these technologies so you know is he walking a thin line there. no it was more than that it was definitely an endorsement of natural gas drilling and it was the kind of very painful moment i think for many of us who've been trying to make. it known the truth about fracking he also at length quoted statistics which are not true about fracking one hundred years of natural gas in the ground. at the same time so this is quite difficult you know at the same time his e.p.a. has been incredibly aggressive and specifically obama's e.p.a. obama raised the budget by the d.p.a. by i think was thirty four percent in its first year the biggest jump in e.p.a. funding increase in twenty years and the first time ever their budget was over ten billion dollars so they've been doing an incredible job the obama administration's also been shown to be sensitive to the will of the people into the protests to
keystone x.l. so when taking a look at this in a bigger sense it's a mixed bag certainly we agree that the companies that have to be disclosing the chemicals and corporations should not be allowed to bury literally bury their secrets in the ground at the expense of america's public health on the other hand i think the president is wrong about endorsing that for gas because it is the form of energy which stands in the way of renewable energy and sustainable economics and sustainable sustainable real energy that we need to make the transition to the debate over this certainly isn't going well and josh thanks so much for joining us tonight telling us your story and we'll catch back up with you when you have that hearing here in d.c. at the district court thanks. thanks love. i there's still much more to come tonight bring all the details on joining us on his extradition hearing panel take a more in-depth look at the new drawdown in afghanistan with robert farley political.
culture is that so much i'm not going which of course he's working on it comes will be uneven as the u.s. presidential campaign become a horse race kitty incoming rocket bomb up against republican mitt romney if this is really the case with. the close up team has been to the hub our of screeching where the country's middle well starts its way across the ocean. now archie goes to the area. once named dr len and good looking to a different character to represent itself. for local businesses are striving to build the aviation capital of russia. that's where the four by fours are made mention be tested to the limit. welcome to the union of screeching. russia close up .