Live show. Already imposed on russia for harming the global economy. To talk about in germany and elsewhere, but no the russian ruble has fallen 23 against the dollar in the last three months. Fueling it 8 in prizes from the same time last year. Russia central bank now passed zero growth in 2015. Budget to fund half of it taking a hit because the Falling Oil Prices that are down more than 30 since june. Russia is still spending billions. Its enganged in 100 intercepts of russia aircraft in europe this year alone. Thats bound to just worsen tensions with the west, in a time when many members are spending less on their militaries. Patricia reports. It is a top priority for russia president vladimir putin. Modernizing the Nations Armed forces. A upgrade that is consumed between 3. 3 and 4. 1 of russias economic output every year since putin came to power. They are half way through their transformation, which was focused on being able to conduct large scale combat operations on the european combat. That can push around their neighbors. Western sangs Falling Oil Prices and blistering inflation are hammering russias economy. Put so far, the kremlin has not tempered its ambitious goal of bringing twothirds of the military hardware up to date by the end of the decade. While inflation will take a bite out in real terms the kremlin is still on tract to allocate more than 4 of the output towards defense spending. A g. D. P. Commitment natos european commitments are nowhere near matching. Tasked to ensure and security and defense of its member nations populations. An obligation met by the United States and only three european members last year. Since the nato summit thissal, members close to russia have upped their spending commitment, with lithuania pledging to meet the 2 target by the end of the decade, and poland by 2016. But further away, some of the alliances biggest members have yet to step up their defense spending. Including germany, which recently suffered several embarrassing episodes involving poorly maintained military aircraft trying to deliver support to iraq and ebola aid to africa if germany spends more, lit signal that it is serious about the problems it has created and willing to tolerate a higher level overall. Have yet to convince to jack up some expense spending, it still boasts military capabilities thanks in large part to the United States. Nato is developing a Rapid Reaction that can mobilize up to 4,000 troops within 48 hours. It is also stepping ulmer tear exercises. All next week, real money will bring you a special report called the new cold war. Ali velshi traveled to europe to see first hand how tensions between russia and nato over ukraine are rippling through countries from romania, to poland, to norway. Onnd mo, alley reports on how the new chill is playing out in the arctic, where russia is pursuing the oil and gas it depends on to support its economy. Here is some of what you will see. The stakes are more about than just military and influence, they are also about money. Here the battle is being fought over energy. The arctic is home to 13 of the worlds undiscovered oil, and a third of its natural gas. Eight nations lay claim, including russia, canada, and the United States. They alongside china are all pursuing huge reserves of oil, gas, and coal. Russias err surgeons has been fueled by hydrocarbons. And if they are to stay powerful, they need more hydrocarbons to come out of the arctic. Two mini submarines plant add flag under the north pole. Canada and the u. S. Scoffs comparing the play to a 15th century land grab, be uh the move underscores the growing importance of the region. To get a first hand look, i headed north, way north. To the northern most town in the world. On an island in the high arctic called small bar. Many nations including russia are eyeing this once sleepy coal mining settlement as a strategic base in this newark tick frontier. We are much closer to the north pole, and this is for polar bears. Now here they generate electricity by burning coal, and they were looking for a place to put the c. 02 emissions. They were trying to find a reservoir to put it underground, and they came across natural gas. Dune in all next week for the new cold war, a special five part report on real money. At 7 00 p. M. Eastern, and four pacific only on al jazeera america. There may be no bigger casualty in the economic war being waged against russia than germany. We are look at how sangs have slowed the economic engine of europe coming up, plus, isil and the power of money, we will tell you how the Islamic State could start minting its own coins. You are watching real money, tell me what is on your mind, by tweeter ali velshi, also facebook. Com ali velshi, keep it here. Caused a huge drop inhave german exports to russia. Just narrowly avoided add recession last quarter, and germany is not the only european country struggling. The entire euro zone is barely getting by. Europes largest economy is growing again. But just barely. With july to september growth in germany measured at 0. 1 pest. Was a Biggest Surprise with 0. 3 growth the first increase this year. But realizing that even in france, which is said to be like lagging with reforms and such, that even there the recovery is bound to set in put then the real issues may be justified because if it is recovering but germany and the euro zone face a trouble international client. And then there are the european sanctions against russia over ukraine, and that hurts the ability of European Companies to make decisions about investments. Finally, big countries in the euro zone, france and italy have been reluctant to implement the reforms they agreed to. Theres increasing talk that the central bank led by government upons to help things, many german m. P. Es are opposed. What is important know is we dont leave it to be alone to improve the economic situation. It was already heavily involved, i see this now as a political task, the eu government and the commission now need to address this through investment, and posterity. The german chancellor, however, is unlikely to lend support to any more softening policies across europe. The German Government view is france and italy for example must reform to return to solid long term growth in the future. Al jazeera, berlin. Germany has been playing along with the counter parts in the conflict, but the euro zone needs germany to take the lead and making more aggressive moves. Thats according to eric, at the Mccain Institute for international leadership, who joins us from washington, d. C. So, eric, germany seems so important here why is it so critical. Well, i think it is fair to say, that germany has really evolved as the leading player in the european union. Martially because of its economics, so the fact that germany needs to play a leading role without their support, lit be difficult for the European Countries to go ahead on a similar approach. I think it is fair to say that we have seen the patience, maybe running out, at the same time, of course, merkel has to balance the domestic situation in germany, and many of those including business interests are avoiding sanctions. It is a very tricky line. I think everyoneny will, it is clear that they are not willing to change their policies. Two latest reports a growing military escalation, is very worrisome, we have to see tougher sanctions coming from the west, with the gradual approach offed aing more sanctions. So i think there is a need to take tougher sanctions. And germany needs to play a leading role there, i think for europe to go along but also help them out, one way to do that would be to offer to mr. Mote exports of energy to europe to help offset shortages from relying on gaps. Germany cant do it alone. We heard them talking about the reduction in spending, military spending that we have been seeing in many countries. What do you think nato needs to to . I think theres a couple of things. First of all, they need to really make it clear that what russia is doing is unacceptable. That the allies are safe, which guarantees their security is really safer than the attempt to move in a single engine to nato territory, they are not going to get away with that, thats on the one hand. Wails in september, in the summit, some really good progress. We need to implement those, but in addition to that, nato needs to put pressure on russia. Putin has tried to show that note toe is basically ineffective, so how does nato show that it is effective, and one thing i know you thought about, is military exercises, is that something that is realistic for nato. That is on a permanent bases on troops. In latvia, in poland, but in addition to that, we also have to see European Countries. A really transatlantic effort, really coming together and reassuring those allies that are feeling vulnerable. All of these will be coming together, many of them, very soon, do you think that in terms of the time line of when we will see actual action, over there, that it is going to be soon i am hopeful thatly continue to do so, if they do see more of that, especially given the deteriorating security situation not just in ukraine, but throughout europe at large, increasing incidents of russian airplanes flying into nato territory, and other countries, i think there is a need to have a tougher and a stronger response to some of these actions, not only to assure allies but to deter russia. Thank you so much. Back in this country, republicans have moved quickly to challenge democrats, today the house of representatives approved a bill, approving the keystone x. L. Oil pipeline. Now for six years president obama has held up approval, in part because of opposition from environmentalists. Todays legislation directs the president to approve the 8 billion project, now the bill moves to the senate, where it is up for a vote next week, if it passes and at this point, it is not clear if it will, president obama threatens to veto it. Well, up next, if you want to start your own country, you will need a currency, so now isil says it wants to mint its own money, what it can be worth when we come back. November 27th. Were following stories of people who have died in the desert. The borderland thanksgiving day marathon. No ones prepared for this journey. Experience al jazeera americas critically acclaimed, original series from the begining. Experiencing it has changed me completely. Follow the journey as six americans face the immigration debate up close and personal. Its heartbreaking. Im the enemy. Im really pissed off. All these people shouldnt be dead. Its insane. The borderland thanksgiving day marathon starts november 27th, 9 00 eastern. On al jazeera america. One of the stunning aspects of isil, is the amount of money it has. It has raised huge. As of cash from plaque market oil sales, kid p thattings and extortion. An exclusive look inside isil and found that at its core, that has inspired so much fear is surprisedly corporate. Down a bumpy road just a few feet from the Syrian Border we set out in search of isils source of income, our guide, a 22yearold female smuggler, her tools jerry cans earmarks for gas. In a Discreet Hotel room, we see how isil recrowd. Our recruiter is an i. T. Expert, his tool keyboard and mouse. On the river in istanbul, over cups of tea, we learn how isil is organized, exmerits a syrian once employed as a syrian sales man, three people all of whom den maaed anonymity, show how the management, organization, and wealth are all depend on foot soldiers whose main motivation was income. They work for a selfdeclared state that might claim to fly the flag of islam, but at its hard is corporate. Inside syrian and iraq, ice salt lake controls dozens of oil fields. The gas is then smuggled into turkey. Soldiers how it is pumped under underground pipes or they move it across the river in jerry cans. It is then transported in vans or in secret gas tanks inside of buss. Your income depends on how much gas you bring, if you bring a ton, you make 400, 900. If you bring ten tons you make 10,000dollar as night. The hotel room, over half a pack of cigarettes, a 27yearold who wants to be known as salm revealed isils social media. He and three others would spend days online, they painted isil as a paez popular and prosperous army. They disparaged syrian fighter whose oppose them as incompetent. I am thinking i am in a dream world. The foreign fighter whose already joined gave us their friends contact, media is the most important thing to attract foreign fighters. And create popularity. And try and create popularity that spans generations. Isil calls them its cubs their hans not large enough to problemmerly hold assault rifles, their minds not old enough to resist propaganda. A man who wants to be known as omar saw those children up close, he used to work for isil in the headquarters. What they work on most is recruiting children, and children are brainwashed at a young age, they become strong wills and believe they will find redemption when they are martyr. Com. In connecting every aspect the groups ruthlessness. They value spilling blood. Through fear, through promises of profits isil fills the state with people that might otherwise fight it, and today isil controls an area the size of belgium, the population is equivalent to new york city, and officials warn the war to remove isil will take years. Al jazeera, turkey. Get this, we learned this week that the leader wants the organization to create its own currency. Mented gold, silver and copper coins that will be called islamic denards. Lets talk oa man who has helped accomplish currencies across the globe. He has assisted in currencies in argentine yeah, astoria, and ecuador. Where he is a professor of applied economics. So, professor, you were involved with these countries when they were launching new currentsies whats the different here, since isil is not exactly recognized as a state. Thats an obvious point. States in this day and age produce money, and isil is not a recognized state. But thats their whole purpose, or rather sophisticated politically. And they want to give all the trappings of become a state. And therefore, they want to produce money and in the send of gold and silver for example, a gold is already in effect kind of de facto in international community. So they have the right object shall we say. In mind, in looking at gold. So lets talk about gold, because they also say they want to get out from under the financial market, they dont want to be part of the International Financial system, but what is traded more than goal is . Well, very little except the u. S. Dollar, and even the price of gold is somewhat related to the u. S. Dollar when the u. S. Dollar is strong, as it is right now, gold tends to be rather weak. Which gold is weak now. So theres no way that gold can somehow be disentangled or a money with units of money and gold would be disentangled from the International Financial system. Its just an impocket. You have been involved with other currencies with this one, what would be an isil favor in launching this . What will be hard for them to overcome . Well, their whole point, again, is to have the symbolism of a state or a legitimate operation, so thats what is in it for them there are great difficulties of course, we dont know how they are going to acquire the gold, and silver, and to some extent if they are copper coins too. So thats point number one. They will have to find the mint someplace to mint these so thats the second problem, and then the third problem will be just to get people to actually accept and use these which in the areas they control, probably wont be a very big problem. So overall it seems that it is largely symbolic, but if they can secure the metals if they can get them in, is this something you can see working in the area that they control . No question about it. Because goal is already a medium of exchange that is widely used, widely traded. All over the world. All kinds of buyers and sellers. All kinds of religions. Every Geographic Area in the world, so what you are doing is take an goal andmenting it and putting your brand name on it. But as far as the purchasing power of the weight of the unit, in gold, will be concerned, that purchasing power will be the same whether it has brand a or b. Interesting. All right, the co director at the institute for applied economics at john hopkins university, thank you so much. And next big test of obamacare starts in hours we will see the challenges ahead with open enrollment set to begin plus, what could be the end of chocolate, we will explain. Hoar we go again. The second open Enrollment Period for obamacare launches again. The website was abyssesser at first, but after it was fixed about 7 Million People signed up. This time around the administration expects fewer than 10 Million People now so far this year, there has been a lot less hype, thats just fine with the Obama Administration he is a professor of health management, and a frequent guest on real money, and he joins me now, welcome back. Your would think they might be disappointed not to have the celebrities out there talking about open enrollment, i think if things start out well, open enrollment starts tomorrow, if thing goss well, you will see a blitz of coverage i think the idea is lets see how things go well if it goals well lets push hard. Dy they learn a lot last year. I think they have learn add lot number one, the website we will see, be uh the website by all accounts is much better. Both federal and state exchanges so i think they are feeling confident the website will work. They have some experience. We have 7 Million People now who are ininsurance through these who have received notices saying you have to renew. They are expecting most if not all to renew. And the goal is lets try to sign those up too. That is the trick, how to get to those people, how will they do that . How does success look like from those people. Well, it is interesting the Budget Office estimated about 13 million would be enrolled in the 2015, and then Obama Administration says maybe 9 1 2, maybe ten, i think if they get to 13 they will declare success. Open enrollment runs from november 15th to february 15th, but if you want to have coverage you have to sign up by december 15th. Theres going to be a big push. You wil