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tv   [untitled]    March 29, 2012 5:00pm-5:30pm EDT

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today on our t.v. brick by brick the bypass is developing nations are laying the foundation for a new international banking system and that's not all they're doing we'll take you to the break summit and you delhi. cyber threat will equal or should counterterrorism in the foreseeable future. be afraid be very afraid from hacktivist of foreign threats it appears the u.s. had is out god and when it comes to cyber war coming up next a former f.b.i. agent shows us just how tangled the web of security really is making like ten thousand dollars bonus they were last year big deal when they're making still like
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ten or twenty times more than nine hundred sixty eight groups and if that anger that's making many americans question the u.s. economic model so is it time to go back to the drawing board and rethink our fiscal future. it's thursday march twenty ninth five pm here in washington d.c. i'm liz wall and you're watching our team. well it's a meeting of the world's five fastest growing economies they have come to be known as the brics that is brazil russia india china and south africa and they just wrapped up their annual summit in new delhi now the alliance is proving to be a force to be reckoned with they make up forty two percent of the world's population a quarter of its land mass and a g.d.p. that is expected to surpass that of the u.s.
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in just three years and with their growing influence on the world economic stage they want to have more of a say and world economic affairs and it looks like they're taking matters into their own hands artie's fish reader has been following the summit and brings us the latest from new delhi. that's right lou today was the fourth annual brics summit here in new delhi leaders from brazil russia india china and the newest members to the brics group south africa all met here in delhi today basically these are the world's emerging economies the leading world emerging economies and they have an economic partnership and they discuss many things today including the possibility of an alternative to the western led financial institutions like the international monetary fund and the world bank basically what was discussed today was the idea of a development bank which would be
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a joint brics big there was also one agreement that was signed today between the five countries to give out loans in their national currencies and this is a big deal because many people are saying that this is a sign that these countries could be moving away from the dollar as the global reserve currency and perhaps looking at a brics vast get currency you know earlier this year the brics countries actually discussed even bailing out europe from its financial crisis so what you're really seeing here less is a move away a shift away from the last and these countries because of their growing up you know in the cloud they make up forty percent of the world's population and in the next eight years analysts are predicting that they're going to make up fifty percent of global g.d.p. g.d.p. so basically they're saying hey we're important and we're going to come up with
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a new solution and new ideas when it comes to global economic institutions that korea was kind of what prompted these countries to get together is the fact that they are the five fastest growing economies in the world but they also did discuss politics at this summit priya do you see this becoming a political partnership as well as an economic partnership. that's an excellent point liz and we are seeing that you know these countries are basically saying that because they have a growing economy they don't have to listen to the less when it comes to major world issues like what's going on in syria actually russian president dmitri medvedev had a bilateral meeting with chinese president hu jintao and india's prime minister manmohan singh and one of the things that they all discussed was intervention in
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syria basically all of these countries are backing kofi anon plan for a cease fire they want peace in syria but both russia and china have repeatedly said that they don't want president assad to step down and they actually voted against that first u.n. security council resolution on syria iran was another topic that many of these countries discussed today both india and china are saying that they don't and russia as well by the way saying that they are not interested in sanctions on iran they don't think that that's going to accomplish anything so all of these leaders really reiterated in all of their meetings today and in all of their statements that you know intervention isn't going to work putting pressure this is what. the oil embargo on iran is not going to be effective so they're really starting to
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take a stand on political issues as well though since these economies are growing much faster than that of you the u.s. and much faster than europe they want to have a bigger say in global financial affairs do you think they'll achieve that. absolutely it was you know as i mentioned earlier a few of the big big talks here was about the possibility of a joint brics big development bank that could serve as an alternative to the international monetary fund and the world bank you're also seeing this discussion of a possible alternative to the dollar there's obviously this euro zone crisis that's going on in the world and these countries are trying to figure out ways for them to do business amongst each other and increase trade amongst each other there was also that agreement that was signed as i mentioned before that would allow loans to take place between these five countries in their bare national currency which is another
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symbolic move away from the way that things have always been working in the past i guess you could say so really lots of energy here in new delhi the meetings are just wrapping up and actually everyone's really looking forward to seeing a lot of these plans come into action in next year's bric summit the fifth annual brics summit twenty thirteen in south africa. thank you so much for keeping us updated over there that was our t. correspondent priya sridhar. we here at r.t. have been reporting a lot about the threat of cyber attacks in the u.s. u.s. representative mike rogers even have this to say about it. is on its way. we will suffer a catastrophic cyber attack the clock is ticking. now the f.b.i. top cyber cop is reiterating how big that cyber threat actually is at
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a press conference yesterday the cyber expert said companies need to radically change their computer networks to avoid national security and economic graphs now this comes after dozens of high profile attacks by so-called hacktivists websites from the department of justice to sony have been targeted but it's not just hacked that best the u.s. is worried about a computer security company said that ninety four percent of the attacks done by chinese hackers were noticed until a year after the information was stolen so just how serious is the cyber threat here to talk more about this is internet activist and c.e.o. of local asio company greg how wish welcome greg so our health service is now becoming too sophisticated for the u.s. government yes you know the big problem we have right now is that a lot. coming out of countries like china. they might not be state sponsored
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the state doesn't seem to care too much to soccer so beyond hackers here in the u.s. do you think that the u.s. should be even more worried about foreign threats absolutely i mean the big ones there are the lockheed martin and you know the groups like that definitely don't want to feel treated by foreign governments are these specific targets that are getting it will trade it's coming from foreign countries so right now you're saying that these are not governments that are engaging in cyber warfare and it's individuals but should the u.s. be worried that it that threat will be taken to that next level. oh who's to say that it isn't already i mean you know when you look at the sheer number of views that are going on from some of these countries you have to expect that at least a few of them are state sponsored now and the u.s. has spent spends an enormous amount of money in defense spending and now this is another type of defense how can they be losing two hackers. they've got
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a few problems i mean the first one is the easy one that the type of talent the type of hacker that's really good at this isn't the type of person who wants to go work for a government so the talent level they're getting is usually less than that's how it looks out there actually trying to hack ok now. that the type of person who wants to work for the government who is the type of person that they're dealing with that well you know you look at the kids who grow up programming you know by the age of ten they're on the internet playing around learning their first languages and what not a lot of times those kids end up hacking they end up you know playing around with things discovering stuff they're usually the more curious type who want to dig into things want to find information and have fun doing that and a lot of times they end up harm you know the hacker side and. the government is getting more the people who end up in college taking security courses learning the computers from teachers and there's a different level of respect for the computer there's
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a different level of intelligence playing there you know when you really care about something you're willing to learn how these stills on your own you know you're going to turn out a lot better than someone who just learned in school now how do you think the government i mean they now know how sophisticated these hackers are in order to battle and do you think that they would want to get a hold of them and have them in turn work for the u.s. government. you see that at some of the conferences like get conned gonna last vegas every year you know there was an act of recruiting going on by f.b.i. and n.s.a. agents you see them definitely trying it didn't look like they were getting much of anywhere in that crowd but they are trying now the u.s. to has announced they will shift their focus to cyprus and carry acknowledging that it is becoming a more but brad do you see fiber warfare as the warfare of the few character yes one of the one of the other big problems as i said earlier there are multiple
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problems here is the next one is you know getting the lawyers out of the equation and it might not make sense to most people but you know you're in a corporate boardroom of one of these big companies and you're told by a security firm that's going to cost three million dollars to secure your network in any way that would actually stop let's say ninety nine percent of the hackers out there you're never going to stop one hundred percent but you can get most of them and then you go to your lawyers and ask how much does it cost to clean up afterward if they get into our network and they say one million well in the court today they're deciding not to do the security and they're going with the lawyers afterward instead and that's a pretty big problem we have right now and this is a fairly new problem and with this new problem our new terms what is the their friends and greg between a cyber hacktivists and a cyber terrorists. i would say the difference for me is in tension you know what are you attempting to do here you know a cyber terrorist is attempting to usually actually affects the people the public
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you know and the general populace in a way that scares them the word terrorism is all about you know instilling fear where is the cyber activists that the activists are intending to more uncover corruption and illegal activities from these bigger corporations and these governments so it's it's a different goal do you worry greg that the line between the two can get blurred. candy you know the amount of people with those skills you know you're going to fall into having this trap where you've got people who are on both sides of it doing both of those things and you end up around them all because you know that the same people who can hack into that government force armed terrorists you know ideal could also be the one who breaks into another company to reveal the legal activities they're doing so there's a lot of crossover now greg earlier you said of the hackers they won't work for the u.s. government the u.s. government now acknowledging how just how big that this problem really is so if they can't turn to these expert hackers or like the top hackers what then are the
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are the options with the options really are doing as much security as you can do you know the problem we have right now is they're not even doing a third of the security they could do these corporations are leaving their networks right over there leaving on cash pieces of hardware that have four and five year old operating systems on them still facing the internet you know the basic security stuff isn't even being done if it's the basics were being done just the cheap low level stuff ninety percent of the hacks are going to they would stop. pleasure to have you on the show that was greg how wish internet activists say and the c.e.o. of local s.c.l. company it's only turned out to the economy here in the united states after wall street led the world toward financial collapse on last four years on millions of americans are far from recovered and the majority unsatisfied with the economic situation today and according to
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a survey published in the financial times two thirds of americans are unhappy with the current economic model on associate churkin reports from the big apple. i mean . their kids task but its rules still apply wall street to keep up a tier of america's economy. it's recklessness set off a financial meltdown overly was in just one crash we've been crashing having been fundamentally it's an attack on the rest of the world and the bankers. are leading the army traditionally a symbol of a bullish economy and financial might the statue near wall street has for many become associated with the system of economic injustice the power of the few over the many where main street america pays me. so they're making light and thousand dollars last interventionists they were last year big deal when they're making you
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still like ten or twenty times more than i and makes me angry he is not alone according to a survey published in the financial times two thirds of americans are unhappy with the current economic model of a high school student and she didn't seem city going into college to go into debt to get a job instead it seemed to make sense to me there and in the restaurant business his entire life for the last two years homeless with a passion for puzzles and the yankees he sleeps in an abandoned jail in new jersey problems were it with incarceration i've been locked up in everything and sometimes i don't get it how. they're able to do some of the things they do down there. that they don't you know that they're not held accountable for it just doesn't make sense and sometimes it really can be very for free you have no problem with people being angry with my criminal acts because i did it. and convicted of white collar criminals sam antara says he's milked what he could out of the u.s.
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economy i committed a massive securities fraud during the one nine hundred eighty s. we leased investors out of five hundred million dollars and we cost twenty five hundred people to be unemployed so i'm part of the part of the system you feel bad about. that i got yes i feel bad that i got caught so says he'd do it all over again as politicians today care even less if the system is flawed in the dark of the night these guys are legislating the country away from the people to the leads. among. most potently the bank while the right of those beaten down to face their demons on their own it's hard to get started when you have a place to stay a. this is. the future doesn't look so bright. but on the plus side here you go downwards further so you
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know that's that's probably my only saving grace. this is the truth or to you. now to talk more about the growing frustration over economic injustice i'm joined now by an editor for the daily banter and president vance or media group welcome to the show that so do you think that these days with the way the economy is going that rich people perhaps aren't as glorified as they once were yeah i think that's absolutely correct that i think right now in accordance to the sport it's so big and so. the resentment for the rich is reaching kind of proportions not for america which is difficult because that america is a country that has argued as well historically speaking so now you're saying it is in a very interesting cultural phenomenon when the rich are now. less than they were before and it's a it's a really interesting and significant shift in culture now to go along with that but
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the census bureau report came out recently that shows that while people are upset about is the income inequality and they're saying that fair fairness is not it is not in our economic system anymore so it does not kind of go along and go against the american ideal you know that the harder you work the more successful you can be yeah i mean it's turning out to be a big lawyer. unfortunately there's only so long you can pretend there's all the. can become a millionaire because the evidence the hard evidence is that's just not true anymore so from the brits and americans is virtually a standstill if you compare. the nations in the u.k. . right now and these are kept to this countries where supposedly anybody can get rich but i'm not sure the happening every single report income inequality we're
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prince at the bottom in the us is i believe just above britain in terms of income disparity and certainly a good thing and how long can you keep it for sort of it's just not it's not working anymore and this is a we're sorry what is that what is that survey that you're you're citing in terms of income inequality there is this several reports of in the o.e.c.d. in developed here in the developed countries developed industrialised nations we can't all of them and that's across multiple multiple studies and surveys interesting and another survey now says two thirds of americans are unhappy with this current economic model but it's been a model that we've had for a very long time why are people so frustrated unhappy and unhappy with it now but what's happened over the last thirty years is the financial ization of the economy we've moved away from industry and we've switched to financial services so not very very unstable system. from
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a system where you have joy i don't think risk pregnancy reward and gigantic mawson's and that's essentially where you have. profits are privatized and risky is socialized so. that's money. move which is whatever other risky financial products that they sell. once. you know the shots you get there's massive economic rewards for that in the long term you get economic downturn when it turns out to be. nonsense and then you have. republican opposed to the bank so. we encourage that as well so you have a system that is consistently sucking money out of the lower middle classes and funneling our ports to the bridge and that's no longer you just can't lie to people anymore it's just not possible you know that the massive amounts of the decrease in home prices and education courses soaring food prices are going up it's going up
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and wages start making for most of the economy so it's a matter of time so this perception shifts completely and we are now seeing the devastating effect of all this so now at this point what needs to happen and what needs to change is a whole system or is it more regulations or our last regulations what needs to be done to fix the system i think the regulation would help a lot but then you've got the politicians are not going to want to regulate if they're being paid and banking institutions so regulation would certainly hope and be a broader instruction has has has not been great but it's done something that is going to look. really is probably consciousness and i may have to participate more in the political process to get things done if they can if they do that the public is continue to be disenfranchised from political system nothing's going to happen so it's awareness and it's participation now we are seeing this trend
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a shrinking middle class and rising inequality you expect that it will continue to go in this direction yeah. definitely and it is a problem ministration because. i believe that they are trying to stem the tide of inequality but they're not stopping it it's the same in britain if you look at the conservative labor government new labor inequality sporran the new labor would have got worse under a conservative government and new labor prevented it from getting so extreme the entire country fell apart. kogan you know most of your form of distribution is doing inequalities through this. it's going to get worse before it gets better and it are it is these issues that have prompted movements like the occupy wall street movement people are angry coming out on the streets literally protesting against the system that they are now that they see to be unfair and do you see do you
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expect this movement to make a comeback now in the spring or movements like it are for it to grow in numbers in response to the system that you say is going to keep going in the direction that it's heading hopefully hopefully it's going to keep growing always going to come by it's quite split it's a bit of what we've been it's not particularly organized labor and have a roof it's hard to know what they were there about but the system as it is is going to keep producing it's going to manifest itself and in many different ways i think you're going to have some very dangerous elements of that as well we're going to have right wing groups you know groups that are going to explode as well. as a big fight when it's on to try and capture the public attention and that comes down to how will we know as they go and how. their abilities to keep raising money . ensure that there's through the party and they are vowing that they are going to make a comeback this spring ben pleasure to have you in the studio that was then cohen he is the editor for the daily banter and president vance or media group how the
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maryland primary is less than a week away and as expected the g.o.p. candidates are hoping to convince part very voters of what is usually a more liberal leaning state to swing their way in tuesday's election when specific group candidates like to appeal to young voters and hundreds of them showed up last night at a town hall meeting at the university of maryland to show support for a texas congressman ron paul and as our kids christian friends out shows us plenty of young supporters ron paul rock star treatment. oh rounding round the ring from. the stage set the rock song was that a rock n roll concert has not gone home ladies and gentlemen the. he calls it a town hall meeting they call it
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a revolution in the was that our goal should be to enhance liberty that should be what we're all about the one hours before the event the line stretched around the building with students and other ron paul disciples who made the trek to see what seems to many an unlikely hero especially for such a youthful crowd although he is up their age it's a i think he has youthful ideas people our age understand that we have nothing to look forward to the way we're going. and he's the only one that offers an actual solution an actual plan to to try to change that ron paul's young followers say they all march to the beat of the same drum especially when they're trying to drown out the drums of war i've lost a lot of buddies you know along the way crossed over the seas in the wars and stuff i would just like to see him was we go to other countries and we say well this is
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what we want you to do and if you do it we'll propped up your dictator and we'll send you a lot of money but if you don't do what we do we're going to kill you and bomb you . the well why should we have a third option why should we say why don't we just mind our own business the literary veteran supporting ron paul more than any other presidential candidate a non interventionism policy is one that resonates here for ron paul and his supporters the military and the economy go hand in hand. that'll be one of the first things on my agenda. ron paul speaks about bringing down the gold standard and cutting the deficit by a trillion dollars mostly my eliminating much of the government including the departments of energy commerce and education little class is shrinking steamer living is going down and were engulfed in radical ideas to some but not for these
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enthusiastic fans who also say the lack of support at the proves is irrelevant it may not be about this election it may not be about the next one but in ten to twenty years from now when you know where the core voting group you know ron paul's message will be carried on in whatever the strong liberty candidate is at that time who probably has a good chance of winning the white house now to show the loyal groupies remained waiting for one final chance to show their rock star someone the ritzy coliseum here at the university of maryland seats seventeen hundred people and just a few minutes ago it was packed now ron paul has vowed to stay in the race at least through the republican national convention he says he owes it to isabel again and reminded everyone here tonight that a lot of those delegates have not yet officially been counted. and all this part maryland christine for sound cards. well that's going to do it for the news this
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hour but stick around the ilona show coming up in just a hop an hour tonight our correspondent christine for as our well guest host the program will wrap up the developments from the bricks on that in new delhi india and breakdown by beings or at the political autonomy plus you talked earlier a little earlier in the show but the question is on everyone's mind today is the u.s. losing the war against internet hackers right christine will sit down with jim harper director of information policy studies at the cato institute find out. all that and more coming up at the top of the hour worth but that's going to do it for the news for more on the stories we covered you can head over to r.t. youtube dot com slash artsy america we post everything there are stories and interviews and we post them in full so if you missed any part of today's show you can watch it over over and over on.


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