of cyprus greece japan talk about that who knows exactly what's going to happen every country is going to make its own politically driven choice how to deal with this excessive debt and leverage problem somebody has just been because every country is tied in with the bank of international settlements which is the central bank of central banks and whether it's the bank of japan bank of england federal reserve bank or e.c.b. they're all pursuing the same policies the the idea that the age of the ricardian competitive advantage where countries are competing with each other is gone because you have one central bank one methodology bail out their friends and led ballons occur as people just fall off the grid and get victimized by this in japan is part of this is not a separate issues my point or am i wrong you're right in the sense that there is a tremendous degree of attempts to cooperate attempts to coordinate they don't always necessarily work now that said you're correct in this instance that japan for the most part appears to in recent years and decades have very much played ball with

and in greece let's talk about another failed state that could be happening after cyprus and then greece and what about japan. the central bank and government policy of global to deal with their debt deflation twenty years of debt deflation they've been a zombie for twenty years they just passed a quadrillion yen or ten trillion dollars on their debts. this is again and they're also facing this enormous problem with the fukushima nuclear plant which they've had to shut down their energy plants across the nation their energy dependent demographically it's horrible they've they've gone they blew through all their savings they have no more they have to import capital so they're they're buying all this debt but now isn't japan is that going to be a balance situation like cyprus pan talk about that who knows exactly what's going to happen every country is going to make its own politically driven choice how to deal with this excessive debt and leverage problem somebody please help me because every country is tied in with the bank of international settlements which is the central bank of centra

to the country of cyprus and basically said we are seizing your bank accounts in other words are not bailing you out we're taking your money these are these are still bankers at heart and they don't want to go under they don't want to go bankrupt they're not giving money away they want to be paid back i think eventually the same the same thing is going to happen in the united states that there's no such thing as magic money no such thing as infinite credit and when this thing rolls it's going to be a sight to see ok well that's a really good point i want to focus on the cyprus. situation as you describe it here because and to give some context here what you are saying is that the reason we've had these programs like quantitative easing is because when debts are and when bonds are due to be rolled over and mature there's a lot of economic growth to support a normal functioning bond market so the government has got to come in and buy their own bonds they've got to print money and buy their own bonds and this they're doing this in the hundreds of you know trillions of dollars because th

fighting the marshall pilots regularly fly from larnaca in cyprus have spotted a c. one thirty transport planes from their aircraft as well as attempted small from ations of possibly european fighter jets from their radar screens and also of the guardian says residents living near the airfield have confirmed to them that there's been an increase in activity in the area over the last forty eight hours and it has to be noted that officials from the british airfield there have denied any military build up in the area the u.s. has been ratcheting up its rhetoric as well it's been reported by reuters that the u.s. navy was expanding its mediterranean presence with a fourth ship capable of launching long range subsonic cruise missiles to reach land targets in syria and now we also know from the white house that obama is weighing a military strike of limited scope and duration it's been said it will take no more than two days and involve the sea launched cruise missiles well as far as international law is concerned we know that up until this moment there has been no militar

s air base in cyprus which is less than two hundred kilometers from the syrian coast artist has or so he joins us now from london with more on this so tessa what else is happening to back up these reports that london is preparing for a military operation. well events are developing fast and statements coming from the parties involved are also moving fast reuters have reported that the syrian national coalition was told by western powers that a strike is to be expected within days now that report does not name which individual from the s.n.c. was told that whoever goes on to report that they had the s.n.c. had already provided a western governments with a list of potential targets in the event of a missile strike now in the meantime the a british government has confirmed that the british armed forces are indeed drawing up contingency plans for a serious strike the british parliament also has been recalled for a session on thursday david cameron the prime minister had come back early from a holiday and the downing street said that cameron will not be bound by evidence from u.n. weapons

that when these two big banks in cyprus went bankrupt they said before you get a loan from us you're going to have to. bail in your creditors which they start with the shareholders and then they take. the unsecured or the uninsured creditors . and the insured which means the depositors it turns out that people's deposits are. liabilities of the bank and that that the people and they have i.o.u.'s. to say for the u.s. we have about fifteen seconds left can we see this in the u.s. so in the u.s. actually that's a template we thought it just happened in cyprus but it's actually a template that started in two thousand and eleven it was set by the financial stability board of the bank for international settlements it's a requirement of all big banks now they have to come up with these living wills where they say what they would do in the event of a big collapse and things happening in detroit where there. was the short but that was fascinating thank you for joining me this is ellenborough an author of the public bank solution and web. jesu it's tom hartman of the big picture with thom har

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency on something in his remaining old people's idea of calling it quote i'm just now returning to reality so lewdly fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate schools. recently were. live play live. live live. live . right from the same place. the first street. and i think picture. on our reporter's twitter. instagram. to be in the know. choose your language. choose the the consensus hit. choose the opinions that invigorating. choose the stories get in your life choose the access to your office. i think. that's st. bernard. with. a. good. enemy. ai a. run of a little. most of these boys has been couples a lot for violence or theft. but we drove the window climbed in and tried to start it. dump we pushed it a little way and here we were drunk. and soon who you're an alcoholi

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency on something in his remaining old people's idea of calling this quote and we're just now returning to reality so lewdly fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate proves. the world. is a. most of these boys has been told the law for violence or theft. but we drove the window climbed in and tried started the dump we pushed it a little way and here we were drunk. concerned who you're an alcoholic or nearly all of them are homeless orphans with no money or relatives. are you afraid to live without me. for a moment but there it felt like i was back but those street hooligans are going to beat me up at any moment. as i turned my back i couldn't help wondering about my safety. isn't a warden is there doubt the father you could say that slava raises us he makes normal people o

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency on something in his remaining old people's idea of calling it quote i'm just now returning to reality so lewdly fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate proves. the world. is. is it possible to navigate you carney with all the details such as dixon information and media hype will keep you up to date by decoding the mainstream have stated if in your right. little. one of the new will show marginalize the bank of new knowledge face the same time you know alone. lend me. the pleasure to have you with us here on t.v. today i'm rollers to show. mission in free cretaceous free zones for charges free arrangement free. free. free. food free volunteers video for your media projects and free media and on to our t. dot com the. most of these voices the symbols a lot for violence

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency on something in his remaining old people's idea of calling this quote i'm just now right here and i'm sorry absolutely fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate proves. the world. is. plouffe. well bill pulver my language as well but i will only react to situations i haven't read the reports so i'm lucky i'm pleased to know i will leave them to the state department to comment on your latter point the monthly's agents are carryin a car is on the docket no god. no radio no more weasel words when you have a direct question be prepared for a change when you run you should be ready for a. pretty tough speech and a little down the freedom to costs. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. try

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it in then also having their currency on something in his remaining old people's idea of calling this client who just now returned i'm sorry absolutely fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate proves. the world. is a. i would rather ask questions for people in positions of power instead of speak on their behalf and that's why you can find my show larry king now right here on r.t. question more. interview. a feel good film. do we speak your language anything about the role or not a day in. school music programs and documentaries in spanish matters to you breaking news a little tentative angles kidney's stories. you hear. that troy all teach spanish find out more visit i. told him. a goal is no. i live. the street. will. react to situation. no i will leave the state comment on your play. it's. no more or. qu

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency on something in his remaining old people's idea of calling this quote i'm going to tell norah jones of reality so loosely fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate schools. remain the one. wealthy british style. time to. market finance scandals find out what's really happening to the global economy with max cons are for a no holds barred look at the global financial headlines tune in to kaiser report on. the media leave us so we leave the media. by the scenes potions to cure the play your party there's a poll. questions that no one is asking with the guests that you deserve answers from it's all on politicking only on our t.v. . live. live. live live. live . defected from the royal family is the goal to keep a widespread human rights abuses and a volley crackdown on th

s air base in cyprus lying just a hundred kilometers from the syrian coastline the island is expected to become a launch point for a u.s. led campaign against the asa government as are so many reports from london. various reports here have suggested that there is indeed a signs of muscle flexing in the region particularly surrounding syria it's been reported here by the guardian newspaper that warplanes and military transporters have been moved to britain to cyprus citing the two commercial pilots who regularly fly from larnaca in cyprus have spotted a c one thirty transport planes from their aircraft as well as attempted small from ations of possibly european fighter jets from their radar screens and also at the guardian says residents living near the airfield have confirmed to them that there's been an increase in activity in the area over the last forty eight hours and it has to be noted that officials from the british airfield there have denied any military build up in the area the u.s. has been ratcheting up its rhetoric as well it's been reported by reuters that the u.s. navy wa

citing that two commercial pilots who regularly fly from larnaca in cyprus have spotted a c. one thirty transport planes from their aircraft as well as detected small from asians of possibly european fighter jets from their radar screens and also at the guardian says that residents are living in near the airfield have confirmed to them that there's been an increase in activity in the area over the last forty eight hours and it has to be noted that officials from the british airfield there have denied any military build up in the area now also we have to know that the air base is just about one hundred miles or one hundred sixty kilometers from syria which is why those observing are looking at it as a likely launch area for any possible military operation we also know that there are warships for warships helicopter carriers and two for gets in your brain of the british and the french have a jet fighter stationed in the u.a.e. if needed these are according to those the reports and we know that in europe here germany is one of those countries who have been rather cautious when t

british government in cyprus this is just about one hundred miles one hundred sixty kilometers from syria the guardian reports cited some residents saying that in the last forty eight hours they have seen increased activity as well as spotting of c one thirty transport planes by some commercial pilots also reuters have reported that the u.s. navy has been expanding its mediterranean presence with a fourth a ship there this is the white house that has confirmed that barack obama the president is weighing a military strike. limited scope and duration they say that no more than two days and it will involve a sea launched cruise missiles in addition to the u.s. defense secretary chuck hagel had told the b.b.c. in an interview that the u.s. is set to act instantly should president obama order a military action against syria another report coming from the us is from n.b.c. which cites sources within the u.s. government that an airstrike is possible as early as thursday sort of so there was a void the decision on syria has not been made yet but really there's little doubt to them that assad forc

how much is the cyprus stock market down? there's only about 50 stocks and they don't trade a lot of volume at all. how much is an anomaly from the peak of 2007? any idea? nobody does. 90%. it's a good time to get on the plane and take a look if there's any value in these come needs. berkshire hathaway among the rebels are 90% discounts. >> host: what do you think of an investor like warren buffett who is out there and well known? >> guest: well, i think he is a genius. but he's a genius genius in that respect than savant is a genius. he is unbelievably good at what he does, allocating capital. but his political idea was goofy and destructive. has he been a net benefit to humanity? it remains to be seen. certainly the fact that he has put together two bourke shire $100 billion total market cap, that is a wonderful thing and humidity should be grateful to him for having allocated capital so wisely. but i think when he dies, he's going to paste it all into the wind. he may not be any better off. it's a mixed bag. same with bill

in cyprus. let's cross to london, where our correspondent is standing by. hello. the brits are sending jets to the region. david cameron has been on the phone to barack obama a lot. but the prime minister is facing a lot of resistance to military action from members of his own party. >> yes. he has had to climb down because the opposition labor party changed their position last night in a major way. and so, the coalition government, the conservative prime minister leading a coalition government with junior partners that are liberal democrats, has had to water down that motion. we will now have two votes. one today that will agree a principle, if necessary, of going ahead with a military attack on syria after those alleged amoco attacks perpetrated by -- chemical attacks perpetrated by the asad regime. real problems domestically for mr. cameron. he's not even sure of winning the motion that will be voted on tonight. there'll be eight hours of debate. it starts at 2:30 p.m. london time. it will be

as a base in cyprus the spot is just one hundred kilometers from the syrian coastline and is expected to become a launch point for us like campaign against the assad government. told us the details. according to news reports britain and the u.s. could be inching towards a potential military attack against the regime of syrian president bashar al assad after foreign secretary william hague said that all other options have failed over the past year and now we have to keep in mind that no country has confirmed or ordered any such attack that's really more of an escalation in rhetoric at this point but it is rhetoric that is being backed by flexing of a bit of military a muscle perhaps to highlight the seriousness of the situation at the guardian newspaper reported that warplanes and military transporters have begun arriving at a british airport air base on cyprus which is less than two hundred miles from the syrian coast the u.s. meanwhile has f. sixteen fighter jets and patriot missile batteries in jordan and last week we learned that the u.s. navy has sent a fourth warship to arm with

onslaught as british media report that war planes and transport jets are being deployed at the base in cyprus the sport is just a hundred kilometers from the syrian coastline and is expected to become a launch point for u.s. led campaign against assad government. joins me live now with the details what else do you use the military build up in the area short there to have able things of certainly reach a dramatic boiling point when it comes to syria as you mentioned now according to news reports britain and the u.s. could be inching towards a potential military attack against the regime of syrian president bashar assad after foreign secretary william hague said that all other options have failed over the past year and now we have to keep in mind that no country has confirmed or ordered any such attack that's really more of an escalation in the rhetoric at this point but it is rhetoric that is being backed by flexing of a bit of military muscle perhaps to highlight the seriousness of the situation at the guardian newspaper reported that warplanes and military transporters have begun arriving at

nobody does. 98% i think it is a good time to get on the plane to go to cyprus to take a look of there is any value imus find the next berkshire hathaway with the 98% discount. >> what you think about the investor like warren buffett? >> i think he is a genius. but of genius like the idiot savant. he is unbelievably good at what he does to allocate capital but his political ideas, has he been a net benefit to humanity? that remains to be seen is certainly the fact he has put together $100 billion total market cap is a wonderful thing we should be grateful to allocate capital so wisely but to put it into the wind we may not be any better off also build site -- bill gates impress me but remind me as being autistic. >> host: induce a riyal's diet this point you're not giving your money to charity , it will you spend it all? [laughter] >> guest: i don't have kids. if i was going to leave my money to the and degeneration i consider doing with the romans did to say just because somebody was your genetic progeny it doesn't mean there was anything better that you look around kids that were old

s akrotiri air base in cyprus which is located less than one hundred miles from the syrian coast according to the guardian newspaper c one thirteen transport planes and small formation fighter jets were seen flying in from europe this leaves many of course to interpret it as increasing preparations for for a military strike possibly against the syrian government if all of these fighter jets are seen going to an air base there it would many presume that cyprus may play a significant role if an air strike were to occur against syria this development comes as u.s. and many european leaders have taken a more aggressive tone against mr assad who the west accuse of executing the mass chemical weapons attack last week that killed hundreds of people but of course there have been no verifications as to who ignited and launched this alleged chemical weapons attack in what we have here is the u.s. and its and its western allies coming to its own conclusions and possibly acting on them in the days ahead. pumping their revolution against a brutal regime or a proxy war stirred up by foreign policy analy

huge ramping up of activity in the last few days that it looks likely that if an attack is ordered cyprus is likely to be a hub for that attack now thursday's very dim parliament it's not legally binding m.p.'s can say what they like and the prime minister has promised that he will listen to them but ultimately it's the prime minister who can unilaterally a military strike if he wants to and this of course brings up these shades of the iraq war when and he's felt that they weren't given adequate information they didn't have all the all the sources of information that they really needed to come to a decision they felt that they were misled and of course again here we're going to see a vote taking place without the without the report of the un inspectors without all the information they may feel they need and this would not be popular with the people the daily telegraph a traditionally conservative leaning newspaper has commissioned a poll of two thousand people just nine percent say that they're in favor of sending bush's troops to syria seventy four percent are against and the same number

and as bob prechter mentioned recently in an interview it's causing this implosion and balance like cyprus which are which are spreading now yet and also reminds me of the military industrial complex how they do it how they get away with it we don't tell them in any email or in exact words to torture those people we just said whatever it takes to get the information and that's how they got the bad out bulls but also speaking of bad apples in the fabric of fraud in the u.k. here more trouble in store for u.k. banks a list of all the potential legal problems investigations forcing our big financial names makes daunting reading so you have h.s.b.c. barclays world bank of scotland there they're putting on their having to pay huge fines and the list live for is to fix and gold fix money laundering defrauding fannie mae and freddie mac. so it keeps on building up and including lloyd's paid one hundred million pound fine to the production regulation authority for undisclosed matters like a big fat burner in the center of their financial system but yet all four of the big banks in the u.k. are goi

not to see their lawyers the political experiment failed and therefore greece has been left just like cyprus just like other countries that have received bailouts like ireland they are being sacrificed the altar of a ludicrous national political statement or supra national political statement. the harsh austerity policies implemented by the greek government may not say much economic return but they have had a very real impact on thousands of people's lives many of those out of work find themselves entering into a downward spiral in some cases ending in extreme poverty and substance abuse and authorities are opting for a radical way to deal with the fallout. as the story. used to be out of work now he's still unemployed but also on heroin is homeless and has aids he's already trying chances of getting a job have vanished completely. alone that some start using because they're angry at life no work no money for the same reasons many decided to start selling drugs and up using the needle themselves. every day drugs rock the lives of new people with just one many thought they'd hit rock bottom i

speak for taking regular savings all this leaves americans will form a wall street bank if smith was of cyprus. canaries in coal mines or a popular analogy at the moment target health as it's to be even with the systematic poisoning all there will be war rights investors websites to really this is what your grocery store looks like if bees die out only they compiled in eight much of all food nine in ten days in the states have already died corporate an industry paid media issued but independent scientists have told the daily mail that oh you knew the slides could have killed over ten million bees instantly as happened in florida here beekeeper charles smith of the smith family honey company points to some of the millions who suddenly drop did the really good it's and these investigated the corporations behind these chemicals thanks very much for coming on to do right all right exactly the the b. scenario could potentially spawn world war three and it could also potentially spawn a massive economic collapse and starvation and that's not an exaggeration and we've read reports time and time again

the island of cyprus has been preparing as well. >> reporter: the islanders of cypress are watching and waiting and trying to work tout next move. cypress' geographic location makes it strategically vital but many citizens feel anything put important. >> we care about possibility to set us back. we can't do nothing. we are powerless. >> reporter: others here believe the greater good is what's at stake. >> the shift of powers or whatever that may be, they should do whatever they have to do to stop the massacre in syria and the whole region. >> reporter: thursday's arrival of six british typhoon jets on the island certainly increased the tension here. and a pair of american spy planes landing has created an an expectation of the imminent action. >>> we bring about the flames of war in the whole region. not only syria. >> reporter: cypress' foreign minister said the island will not be a -- but it could be a humanitarian hub for evacuees. >> an entrance and exit. it's the same number. 10,000 people. so, we are ready for that. where we are going to go from there and with with the exception i