List is chock full of political heavyweights such as may mccrone and to many surprise trump no one expected mr America First to even consider participating in a forum whose the him boast the globalist idea of creating a shared future in a fractured world and yet hes slotted to be the last speaker of the event and will most likely use the opportunity to soapbox about his own brand of economic nationalism and all the political elite continue to enjoy the conference and rub elbows the i. M. F. Has warned that the current economic climate has caused voters to lose faith in them voters in many advanced economies have soured on political establishments doubting their ability to deliver broadly shared growth in the face of tepid real wage gains reduced labor shares in National Income and rising job polarization and in reality that discontent really shouldnt be all that surprising given that those in the ninety nine percent arent the ones enjoying the benefits of the recent Economic Growth oxfam who works towards the relief of global poverty as recently proud to report outlining just how dire the situation is revealing that in two thousand and seventeen eighty two percent of the wealth generated went to the top one percent the number billionaires skyrocketed leaving us with now over two thousand billionaires world wide and as that economic crisis continues the focus of davos seems to have blurred a bit at the politics of two thousand and seventeen at least in for the First Time Ever the some of these charts solely by women and a number of the discussions really dont seem to have anything to do with economics at all focusing. Instead on race privilege and harassment all the greatest hits from the past year the social issues of two thousand and seventeen including. Inclusiveness. Was mentioned and all the things have been everywhere in the new sport that sounds important maybe but not as important as the economics of the summit i think that north America Europe japan and all the developed nations have never been as inclusive as they are now all told by the way of course there are reactions to to certain things like the migration crisis but the people are used to it now much more than before and we are very inclusive its not a time for crusades anymore. A delegation from russian Cyber Security company. Took time to talk to us about the gathering and the issues they face. I would say the trend from the last two years and actually one of the main topics of this year in davos its fragmentation of the world unfortunately its happening there is a global geopolitical tensions and fights between countries and it backfires private companies that make for results i would say that the pressure in the United States is enormous its the biggest its really disappointing for some reason and surprising for me that that private company can be limited in these operations in the contre with no reasons with no effects just by decision of the u. S. Government its really frustrating because it means that we cant protect seniors government and. That is one of the best according to independence and this is just means that the. They leave themselves on protected from from cybercrime and from Cyber Attacks which is really frustrated and i believe that in the long term this is just a very. Very wrong decision then independent private company from its operation in the country. And with all the guests hovering around the resort to davos the resort this time around seems a bit overwhelmed by its signature feature this snow over the past week its seen nearly two metres of the white stuff the heaviest in nearly two decades traffic spin disrupted as well with many delegates are struggling to reach the venue at the very least theres also a very real danger from avalanches but the discomfort hasnt stopped the Online Community from seeing the funny side of things. Done with reality economic and environmental social and political fragility in avalanche territory a loud noise can bring the whole mountain down and donald trump comes to town on friday turns out davos is actually a social experiment when you gather a bunch of the police then make them carry their own luggage through the snow and stand in lines with each other now those are one what would happen if. No one could leave for a week and the world realize that they could run it without the business and political elites. Who know the story weve been following for some time now prison staff across france are blockading detention facilities and calling for a complete overhaul of the system over one hundred centers have been affected the protests are now into their ninth day began after a series of assaults against prison workers by inmates one of the hotspots sons being the flurry. Parlous its the largest and in europe in fact holding more than four thousand inmates its also used to monitor speculate stream this among them is the salaam who faces trial over the twenty fifteen terror attacks stuff held demonstrations the prison last week violence broke out the following pictures is of friday. That. Ok this is today weve all come here for a strike because discontent is spreading across france the Crucial Program is the security of prison personnel on top of that theres the issue of islamic radicals were also kept in touch and you are not isolated from other inmates. You know. Its dangerous for us to be around the inmates because for them we are everything they hate for them we are enemies by definition. Or with a blockade demonstrations spreading across france r t sharla dubin ski has been tracking developments we own a number nine this is the second week over a nationwide protests and we understand that at least seventy prisons are blockaded yet again today now they started over a week ago because three Security Guards at a prison in the north of france were attacked by an inmate a convicted terrorist now since that attack took place in these protests have been happening there have been more assaults of attacks on Prison Guards in prisons in france heeding to Prison Guards who were attacked on sunday evening now that the Prison Guards say that they would is incredibly dangerous they feel is sometimes to go to work they fear for their lives because of the types of prisoners that they dealing with they say that in some prisons like that largest prison in europe that sometimes the inmates refuse to go back to their jails and this is a prison with a high number of parity of radicalized inmates so these are just some of the concerns that the Security Guards have they also say that they are very very understaffed. With the suggestion that its sometimes in that largest prison in you there is only one Security Guard for every ninety inmates now ive been talking to some of the Security Guards would be lining the other concerns. To tell you to go our work is very dangerous where weak teams of aggression and we experience violence which is not taken into consideration by the government. It has become more and more difficult for us to actually seen physical aggression towards my colleagues every day it happens every time we open the so doors support in all cities we denounce the working in dishes of our colleagues in the prison the security conditions the numerous acts of aggression against them we want salaries to be increased for those who face such risks that work as well as an increase in personnel and better security so what all the demands of the Prison Guards well they say they want more than the one thousand jobs that theyve already been offered over the next four years by the Justice Minister they also say that they want radicalize prisoners to be isolated in prisons for their safety and they want to have more Security Services available to deal with situations we also know that the president might go on this said that he will unveil a grand plan at the end of next month to reform the entire prison system in france but that still more than a month away and the question is ease action needed sooner the Prison Guards who remain blockading so many of the prisons in france say it is needed sooner because they need to have more secure conditions to work in immediately. Turkeys continuing military campaign against the kurdish militias in Northern Syria is causing tensions to flare ups far afield in germany weve got some incredible pictures coming up on monday pro kurdish activists protesting next to the turkish earline as desk at hand over a report and about five who were turkish pasha is almost two hundred people in fact were involved in the brawl which was broken up eventually by police using pepper spray. Was was. Was i was i was i was i was i are all a backdrop to this is that one crew began its latest military operation against the Syrian Kurdish fighters at the end of last week it feels to miss terrorists and is concerned about their growing consolidation of power in the north of syria article commentary darwish told us that washington who is allied to both groupings most take a clear position on the hostilities and help the two sides work towards a solution to kurds will find themselves powerless against the might of turkey as we have seen in the unfortunates scenes from frankfurt and probably other places it could actually spill over and affect europe figure people who think they are far away its very very hard actually to the American Foreign policy at the moment first the americans have to explain to the allies of our world what if that is throughout history and the policy bondsteel wish to do the will actually to have a peaceful settlement in syria and keep the. To be a political integrity of syria as a nation state as does one of the number two do the actually and want to end the conflict and seek peace not. Russia is the fence minister has revealed that moscow is in talks with several nations over the purchase of a state of the art Russian MissileDefense System with the reports arties patrik. Its acknowledged as one of the best air Defense Systems out there it can strike eighty targets at a time at a range of four hundred kilometers even if theyre travelling at five kilometers a second im always about to say an hour but no a second so perhaps thats why there is high demand as four hundred isnt on develop Technology Still on the drawing board or sitting in a dusty warehouse its on active duty in syria protecting russian units there. The russian armys top man hasnt revealed the names of the systems next buyers but he did mention the regions the middle east and Southeast Asia hes touring that part of the world right now mr scheuer who says whenever hes talking to army bosses from other countries theres always discussion about buying russias Defense Technology so soon well find out who is next in line for the f. Four hundred i say next because turkey has already got a contract and when they signed the papers it was big news sure thats a nato member washingtons key ally thats counting on russian engineering to keep its say somewhere else that military might is all but dependent on america is saudi arabia but a few months ago the saudis and the russians agreed on an ass four hundred deal as well china is getting it and india too lets see if the name of the new. Customer comes as a surprise. And just an update to a tragic story several u. S. Citizens were killed in saturdays attack on a hotel in the Afghan Capital kabul that has been confirmed by the state Department AfghanOfficials Say twenty two people were killed in the over night see carried out by taliban militants. Those people had no mercy it was anybody who came in front of them to show the. Best basically it was that you know stuff. Well the exact number of american casualties is not publicly yet known in the fatalities we do know include citizens of ukraine venis way let. Germany most were working for a private afghan earline that it will consult in lieu rockwell believes the u. S. Military presence is only i quit beating the situation in afghanistan. But already talked about sending in more crews and more planes and other weapons so i think this is just for a further unfortunate back down from the Campaign Promises he made he said some very good things about getting out of afghanistan that the u. S. Had no business there and then of course as soon as he was elected he switched and is now stepping up the war in afghanistan and the Afghan Government itself said that it would only last a few months if the u. S. Pulled out there is a hint that the Afghan Government maybe they ought to go with the u. S. Troops and have new people come in so that was why is the u. S. Killing all these people spending trillions of dollars in afghanistan to have a very unpopular government in power. Its terrible these people were killed and i dont think we have any idea how many afghan civilians have been killed in the seventeen years with this war the u. S. Needs to get out get out of afghanistan get out of. Syria lot that needs to be done here at home leave other peoples alone leave their countries alone stop killing people all over the world and expecting to be loved for. One of the largest consulting firms in the world ernst and young has been accused of multiple illegal dealings a former employee who says he was fired for revealing the allegations disclosed that the accounting giant is involved in bribery Money Laundering on the cover up of illicit gold purchases from conflict zones with more in this off. The story hidden in the court papers filed by this auditor against his ex bosses could be one of the grandest smuggling scams greed Money Laundering and back door dealings measured in billions of dollars. Is accusing one of the worlds biggest auditing firms of covering up the tracks over dubai Precious Metals megacorp act one. Ernst and young for an audit inspectors come to dubai and the first thing they see is a pile of moroccan gold buyers casually bundled up on a desk stacks of gold at a Gold Refinery could be business as usual except these bars are literally painted silver in order to sneak them into dubai four to five tons of gold gold bars coated silver smuggled old to more cool arriving in dubai cleared as gold when the team found the discussed it with with colucci the admitted this is the way of doing business with the with these moral consult lawyers inspectors do some more digging and what they reveal brings us to act two some of the precious metal in colossus coffers could be blood gold shuffling through papers auditors discover the refinery was more than happy to shake hands with small Mining Operations in sudan and the democratic republic of congo apparently colossi asked for no licenses offering cash in hand in exchange for gold proceeds from surge sales in conflict torn countries are known to directly fuel gang wars which are responsible for hundreds of civilian deaths soldiers naam Group Leaders see in control of the gold mines as a way to money guns and power for forty each other ruthlessly often targeting civilians in the process so ernst and young employees calm through colossus cash transactions thats when we get to act three apparently the company deals in cash almost as much as in conventional bank transfers. Thats billions of dollars go into a legal black hole impossible to trace so the audit has diligently record every failure of the dubai giant but theres no pats on the back for them from the boss we requested a meeting with the babies to get it when they realized that were not going to as total our findings or change them as they went ahead and. Changed their own guidelines in such a way that our findings and or for their conclusions would not be made public ernst and young have denied allegations they were in cahoots with group the dubai refinery is still in business saying theres been no Material Impact on their ability to operate or trade im just really high on the man who led the team and expose the alleged wrongdoings says the audit ing joined branded him a troublemaker and sacked him so is blowing the whistle a noble thing or just a fools errand in this saga its left up to the courts. And of r. T. Live from our International News center in moscow this is our team more programs just ahead and shown here with all the latest updates in thirty right here. This is the report were a bit coy my enemy we were here a year ago never before it was like nine hundred talk to proctor said this was their year toy seventeen to go to all kinds of move crazy yeah it sure did theyre experiencing a bit of a poll but. Yes there is quite a little bit of a pullback if you want to call fifty percent correction and more. You and i are quite used to this weve seen this many times sixteen ninety percent corrections and the market so who knows it could fall even further it could the two hundred Day Moving Average by the way is at eight thousand it could fall beyond that who knows but you know what has collapsed to nothing that is currently im the headline reads collapse of construction giant with forty three thousand employees globally sparks fear and may have so max you know karelian is a two hundred year old Infrastructure Company which builds hospitals schools prisons just to line in total the firm participated in four hundred fifty Public Service projects in the United Kingdom this is part of the p. F. Ideals of private finance and initiatives this is just one of the companies a two hundred year old Infrastructure Company collapse has been liquidated i saw that shareholders might actually get between less than a penny and six back to the pound invested in the company remember the reason i bring this up is because bitcoin was birthed into the world january third two thousand and nine the Genesis Block and in that Genesis Block it mentioned the collapse of the banks and the u. K. That were being bailed out two hundred year old banks were being bailed out now we see two hundred year old. Infrastructure companies being bailed out yeah its great really juxtaposition of it going and the crilly and story and as you point out its echoes the two thousand and eight Bank Collapse that spawned the creation of bitcoin as a way to fight back against what is hyper financialization trillion is a victim of financialization and just like Many Companies in the u. K. And around the World Private marketeers buy up lots of stock they load these companies up with debt while extracting equity and then they let the company cole lapse under the weight of its own debt the p. F. Ice games were over there in the u. K. Its a quasi government private sector deal it was all was an all is a slush fund weve actually been reporting on this for a member of years saying these deals will collapse as guaranteed now cruelly and house collapse as we predicted. Exactly as we said a would collapse because you cannot grow trees to the sky like you try to do with trillions well by the way just so you know where were here in miami where the brick out area of miami and this is you might see some boats and stuff going by in the background and theres a bridge over there just so you might not be alarmed people get scared out there when they hear noises that they dont know what they are because they sometimes think were on a green screen but they gather point about crilly and all these other p. F. I companies are also getting whacked their shares are tumbling the government is actually looking at their Balance Sheets and seeing whats going on there one issue that arose with karelian as the share companys revenues were crashing they were having to borrow more and more short term money and what did you say these are private these are public projects the government of the United Kingdom can borrow at all times four hundred fifty year lows can private Companies Know heres a tweet from Joel Benjamin karelian was trying to turn itself around while being charged a rate of interest of eight to ten. Ten percent above libel or for its emergency loans this is why private companies should not deliver Core Services for chip a rated government able to borrow a point five percent madness of course you know the taxpayer was always on the hook for that ten eight to ten percent above life or that banks were right but lets take a look at this the genesis of this this was a way for the u. K. Government i believe it started under. Major john major and change debt off the governments Balance Sheet and to put her on the private sector to make the debt to g. D. P. Ratio look healthier thus allowing the government to borrow more and of course this was a recipe for disaster it created moral hazard on an epic scale and guaranteed to collapse as if house collapsed and yes the entire structure this entire p. F. By sector is collapsing will the bank of england bail them out probably and again this is why people kind of rushed a bit coin in gold because you cant prove either of those well whether or not the bank of england bails them out is one thing they obviously have not stepped in the company is liquidation its collapse many of the biggest banks in the United Kingdom are owed money over two billion pounds we dont know were going to you know obviously what what was the Warren Buffett called these derivatives he called it like a speed get a you never and you never find the end of it well here. Itll obviously be in bankruptcy for quite a while who have to figure out what what they actually own but one of the things that a lot of these companies do is they get the contracts they got these contracts by basically underpricing them to get it over you know be awarded the contract over the competition they couldnt deliver at the price but they had already flipped it they a lot of these companies flip it to foreign holders offshore entities and wall street points out that karelian was one of four comp. The other three being Balfour Beatty interservice and cheer there pocketed over three hundred Million Pounds flipping p. F. I schools and hospitals to the highest bidder and other words many of karelians p. F. I assets are already in the hands of Foreign Investors meaning that while the government will have to take over many of the services karelian can no longer provide and they still have to pay leasing cost to the foreign owned firms that currently and sold out to otherwise those firms may sue the government for lost profits this is a remarkable chain of events because you have u. K. Companies are going to be privatized because the private sector is more efficient so they take it out of the hands of the government and then these assets end up in the funds and public Pension Funds or foreign governments to pay and Interest Income to foreigners supplied by u. K. Citizens so its a transplant of state assets with reliable income out of the u. K. To foreign governments you know we you and i have pointed out that these p. F. Ideals have been very expensive to the u. K. Taxpayer and on this bit for this headline then were going to go on to another headline relating to this but for this headline with wall street dot com this is all happening at the chew cost of p s i is becoming apparent in april twenty seventeen a bombshell report by the National Audit office warned that the price tag for paying five firms would reach eight point six billion pounds in twenty eighteen alone in total taxpayers oh a mind watering one hundred twenty one point four billion pounds on public projects that are worth just fifty two point nine billion pounds and the compound interest continues to grow i mean its not a direct bailout in terms of ok the company went bankrupt and its going under people losing their jobs pensions are being destroyed and the government stopped bailing them out at this hour but a lot of that debt will end up on the Balance Sheet of the bank of england they buy all. Toxic debt and then theyll say theres no inflation so its keep Interest Rates ultra low which means no income for wages and no income for savers so it is a stealth bail out always a stealth fell out theyll keep printing printing printing printing printing the value for money continues to press against that point so now were going to move on to the next headline about this and its very very british i think its good to end on this very british headline karelians highly inappropriate pay packets criticized the main lobby Group Representing u. K. Bosses has savaged the highly inappropriate pay packets awarded to directors running the now collapsed construction giant karoly on the institute of directors also accuse directors and shareholders of the stricken firm of failing to provide appropriate oversight of the company which is involved in a host of major government projects and vital Public Services and slumps into compulsory liquidation so roger barker head of Corporate Governance at the institute of directors says its highly inappropriate that these men wear warded these massive bonuses throughout the basically collapse of this company they also a year ago did basically change their own governance structure whereby their bonuses are not subject to claw back specifically they removed if the company collapses well the problem is and ive said this before the british character views that type of fraud as quote unquote clever ninety nine percent of the British Population have president of the fact that theyve had their wallet stolen and beaten about the head by fraudsters will say theyre so clever how do i get into. How do i steal money like this right they dont see this shortcoming they see this as the british character is right up there with barbara in a bulldogs is theft so theres no outrage against it because there would be an outrage against the queen and the flag first of all the second of all theyre going to have an inquiry to decide whether or not to have an inquest whether to form a committee whether to explore the possibility if in fact there needs to be a discussion about possibly prosecuting the alleged crime and that will go on for seven or eight years the statute of limitations expire and the clever robbers well