tv [untitled] December 28, 2012 3:30pm-4:00pm EST
but the keepers here hope their research and dedication mean that wolf island remains a place where visitors can truly understand the call of the wild. alone a warm welcome to business r.t. with me dimitri medvedev and co it has been a tumultuous crisis wrecked year for many but some have been battered so hard they made it into a business and things short list of this year's biggest losers and that's just on its critics a close look in purely financial terms the past year's biggest loser is the man behind mexico's group or lack track record. nine billion dollars in two thousand and twelve he has seen the value of his assets nearly cut in half of the past year
facebook's founder of the past year was what it's like before facebook stock market debut zuckerberg was estimated to be worth up to twenty billion dollars the social network stock has underperformed since its may i.p.o. and zucker briggs net worth has dropped by about half but while he's still solidly in the world's top one hundred richest people boris berezovsky this year's biggest loser in terms of reputation is definitely not his six and i have billion dollar lawsuit against another prominent russian oligarch ramon abramovich became the biggest private litigation battle in the british history and the biggest flop for berezovsky whom london's high court judge called an unreliable witness he tried to laugh it off you wish more people but it is bad but that is not a bit of it but what debate i will go to discredit but was there is no having to
foot the forty million pound bill the loss of burned a hole not only as pocket but it also ruin his reputation perhaps the biggest loser in terms of image in two thousand and twelve was ukraine its much publicized deal to build a liquefied gas terminal with spain's help quickly unraveled into a complete fiasco in november and proudly claimed that it will soon overcome its dependence on russia's gas as it signed a one billion dollar agreement to build an l n g terminal in the odessa region at a pompous ceremony with prime minister and the energy minister attending two days later its presumed partner spain's energy giant gas natural phenomena denied any involvement saying it knows nothing about the deal and the man who signed the papers on behalf of the spanish side turned out to be a. former ski teacher turned a con man but there are some who say this really the biggest loser this year has
been western europe it's going nowhere it has no political direction and what's worse the only people who are trying to give a political direction are people who want to actually give it a worse economic and but just rather than an opportunity for survival the year two thousand and thirteen will show whether tighter economic and fiscal or nation than the eurozone brings any results but it will get worse before it gets better experts say the recession will deepen and unemployment will hit new highs rising to unprecedented levels of about twenty five percent in spain and greece and with upcoming elections in italy and then germany the european union is facing plenty of political as well as economic uncertainties like they say you're never a loser until you quit trying. to clear business r.t. . all right now it's time to take a look at what's happening in the markets we start of course with the united states which are still trading president obama on friday is expected to make
a new scaled back offer in a bid to avoid the looming fiscal cliff meanwhile the market is dropping for the fifth consecutive session as you can see there within one percent but europe was also dropping on the same fears on friday but there's still one more day before the end of the year the forty first of the somebody to turn that trend around russia's ruble ended the final session on a down note as you can see but over the year the ruble strengthen the around five percent against the dollar as that's pretty impressive and russia's markets saw final bit of a selloff but that's because nobody wants to assume the risk of missing out on important stories like the fiscal cliff so they usually go into cash before the long holidays over all the my six gained five percent this year and the r.t.s. ten percent which makes it go down into history as a pretty boring year all right now let's take a look at some of the best performing stocks of the year coming in number one. zuzu
the russian japanese joint venture was doing much better than the market in the industry in general posting strong production gains and is also focused to continue growing next year in second place magnets along with other retailers also had a very good year other companies in the in the stream clued in moscow's central trading center goom showed eighty five percent return on the year and electronics retailer and video fifty two percent finally on list we have the second heaviest stock on the market rosneft which was pretty flat all year as well prices but managed a huge gain right after the purchase of t.n. k b p one of the biggest m.n.a. deals in history which will make up the number one world producer in terms of reserves in the world after the deal is of course finalized in two thousand and thirteen but again more than thirty percent ok now two losers worst company of the year which is a second tier stock that's called mine are down forty percent as you can see there
the company has been troubled times for quite a while which has led mining give rise to gradually boost its stake to eighty two percent in the company effectively taking over next up we have the electricity sector where all around it has seen a decline of around a quarter with not just interest to us that you're seeing on that monitor but also the federal grid company and the hydro are also falling by the same value and finally the gas sector was also dropping in connection with the declining demand in europe and the development of shale technologies so do you because giant gas from nova tech are both down around ten percent on the year gazprom actually remains one of the most under bought stocks with a price to earnings ratio of just three point five. all right wine prices will continue to rise next year and in two years then you're the blue chips could cost thirty percent more that's because of poor harvest that led to france's wind
production to slump twenty percent in two thousand well wine expert and exporter sandro i.p.s. really says the mass market winds will actually be growing less by no more than ten percent and he explains why. some more of us every year five six percent us maximum ten percent because. it's a constant growth everywhere not only in france also in new world why is it that the price of wine always growing if we're talking about. best wines or france and some good wines from other countries the quality is going up and some of them most of them let's say. most of them cut the volumes to make the call to better and the second reason is that more and more people are involved in that and when consumption in the world and you. would say ten or fifteen years ago there
were no asian consumers in the market for more rich people now engine countries like in china they travel to europe if you like to consume your fingers. and potentially even european style they do not care very much about the prices so far what are the top winds this year that will make the best president this will be definitely first go aboard five. five four four big meadow. and seven of the pictures from the right bank that's for border and then from burgundy it's still roman and conti and that's such. all right that's it from the business team in two thousand and twelve we will be back on the second of january two thousand and thirteen coming up next it's the truth seeker and this is also been my final broadcast for i.t.v. i hope that you the viewers have enjoyed it at least as much as i have doing this
show thank you for being with me me to medicare business out to signing up. for. the chance to be soon which brightened. me about song from feinstein christian. means friends down totty dot com. well into the future this month high tech means good help whether it be the latest laser cutters on lifesaving heart valves russian innovators are working hard to keep you healthy person companies it's been a winding road from car simulators to cutting edge training systems for others it's
been a lifetime of work of locking the mysteries of the skull check it all out on technology update we've got the future covered. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture.
run and revealed the piper luring america into ruin. the wicked witch of the east symbol of east coast because roaming america in a sea bed again and again wall street lenders have failed every generation time off the time off the time. the bankers have been at the root. problems throughout the twentieth and twenty first century very much implicated in the nazi buildup that continued even after world war two started it's an unknown piece of american history in united states money has gone out of productive investments and is involved in live investments
and leveraged buyouts and things that produce nothing real useful this. time to put them out their misery says one of the world's most sought economists i sat down with nobel laureate ed prescott says he now i'm not sure why even when even the banks what's in the fractional reserve sounds i get scared with the new i told the washington new york connection who ends up subsidizing them. taxpayers fractional reserve is the poms the banks use today when you give one hundred dollars they keep just spend and gamble the other ninety in a downturn like now bets go bad your money gets lost as the wall street casino. trillions of dollars being placed on bets which are already done this country a disaster and can lead us down the road in my view one of the wall street bailouts
. bernie made off. of rodi people put a third of the national budget in his ponzi some made a packet before it went bust somebody told us his and made off pyramid. banks are huge difference there legalized but then bust as well mogens investor general does also says banks a poem's investor general just also says joins us now twelve years ago greenspan ignored you awarding he's fueling stock market really state consumed with the bubbles is the fed at least getting bits and now. that's what i think you're. going to see if everything was very soft and everything but ok why we think you i think it's really terrible now what last week it is now going to. over five hundred dollars you know a bit. about five trillion dollars of this stuff going oh
that sounds like you saw you there were thought it would have been noted for. a better job of you by way back in two thousand and eight the chief economist put up there with their rope their only critics say that housing in a serious trouble is going to collapse. he said i we have all heard about the economy thousand of the best economists in the world war and none of us ok anything's going to go wrong even though it's down in two thousand and eight the world was about to collapse and everything at the end of one thousand and. they were all they were totally of all the local lab and they said it would why do we why don't we listen to the that why don't we why we have oil why do we have. central but i've made myself clear you want him to america if it doesn't stop the banks will china simply overtake and have a bargain that our nation and the world know it's already been over. in twenty pack
you know the credit of the large. of the world but how much more nobody can we know what it's going to have adequate that's think that somehow they . are. what they wanted to about quality no way no way would it would that well. that. steve king was voted to boycott them is the first person long before repeating to give clear warning of the global financial crisis how was it obvious to you this is all being totally counterproductive when it's allowed to finance speculative objects like when to a lot of obligations and so on it's like you're not checking out a. borrowing money to gamble on what their own next door neighbor's house. that you suspect an incentive to turn on i just house down when most americans change what will happen if they don't i'm
a partisan issue but trying to an idiot because you just don't exploit what you just you know i mean washington who played way and even up there one holds her still you know isn't broken away from the finances and i think you need all the success unnecessarily restore came in he then took on the banks direct when you read his inauguration speech it was all about trying the money lenders out of the temple so it takes a change like that banks really said i didn't buy documents mean maybe it's a bank so what's most that they saw banks they didn't know they were engaged in fraudulent activity to be in jail or incompetent but a lot i mean now what he said and then he because of this i mean the lines cross respect you know in the not thing audience bill white was initiated back then could about three hundred people go on bots now the saving a lot of the attacks. but often some of the only possible on bosses bernie madoff.
made off of the fed know the record of that makes them put it can be dangerous congressman ron paul if it is working franticly their editorial izing they've hired a lobbyist and they do not want us to know what they're doing and they use. all kinds of frivolous arguments why the congress is not a lot of know what they're up to the fed says the bailouts costing just a trillion mainstream media several of the documents the federal reserve has tried to keep secret for years showing the real figure is twenty nine trillion dollars that's twice the value of everything produced in the u.s. in twenty twelve. eighty percent of that stash is going to just twelve banks in bed with the fed bankers sitting on all of the regional sides this to me smacks of enormous conflict of interest
from the already warned years ago the fed by. swirling a massive crisis he joins us how far has it come ok there are only twelve banks that. heavily in credit default swaps and who finance their positions in assets but issuing liabilities to other banks their own twelve of them they should have gone in on a friday and said we're going to have a holiday this weekend we're going to go in and we're going to. take all your balance sheets we're going to see who knows who what we're going to net all of this stuff out we're going to find out that these twelve banks don't. any of the other five thousand united states banks they only owe each other and forced them to wind down and net out what they owe each other and shrink to become extremely small
banks which is what they most of them would become but they. repeated crises. and wipe out the financial wealth of our households and firms the pension funds the banks goldman sachs and john paulson who's a hedge fund manager you know rigged these things they put together mortgage backed securities that they knew would have very high default rates and they did they had default rates of eighty ninety percent. so the whole thing was just rig so that. the hedge fund manager and goldman sachs can make a lot of money on effectively death and we've gone way way behind in derivatives and some of the drip was actually our bets on people dying so-called death settlements peasant insurance this was in the michael moore movie you know where employers are going to win and if their employees die early here the
franco crissy of america. brings the industry full circle jesus drove the money out. no inhabit the seventh you know ring of hell is the point of things. now goldman sachs makes products they know will fail with incentives to the oil. gold's work. the point piper of death sends america over the fiscal cliff. this is the truth. elite and. the only.
deadly rivals for decades. if a good fifteen thousand people killing each other in any other country there would be still a. lot of. self-imposed out costs from society i will cut myself am i going to my brother understand my lawn mowing. going to leave. the call of my anger and my frustration. got. into the dome.
two of the most violent gangs in u.s. history. as a stall model kill or be killed with the colors matching the national flag. that this country uses violence when it reaches and then it legitimizes the violence. made in america. the legacy no one should be proud. of scrap metal littering pristine arctic landscape building stilton over their foundation pipes being 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 better that can do nine hundred eighty bearings work was a burgeoning mining community. and was determined to maintain at all costs to a degree located halfway between north america and western europe the bergen archipelago is part of norway but a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the us is ours westernmost outpost now it's one of the last preserved relics. picture of what would have happened to the soviet union if it was cut off from any financial support for two decades curious for western tourists and i think it could be even more appealing for russian travellers the local administration is increasingly under pressure to bring the infrastructure up to more than standards these modernization efforts are not very popular with tourist operators if you come into
a very authentic place like. should stay the way it is that would be my wish i mean that's the part of the you know authentic tradition. i should not i would not like to have it in a shiny condition to be the time to change even for the better is not always good for business something that even a local band has become attuned to when they try to add morning russian songs to their repertoire the audience called all they wanted to hear it was a song comfortably familiar.