Currency Collapsing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bell. >> we have the same facts but a different perception or different estimation. >> reporter: the difference is on the question of intention. you don't believe they intend to invade. >> i hope that in kremlin they didn't make their decision still. >> it sounds like the ukrainians obviously have a slightly different take than the rest of us. i mean, there seems to be slight optimism. what did you think of his comments there? >> well, he's also messaging to an internal audience. he's worried about, you know, his currency collapsing, foreign investment flight, the country panicking. so they wa...

To will tell you someone they know, someone in their family, some ukrainian heritage that they have. this is a fight among brothers. that makes it particularly difficult for president putin to be confident he's going to bring his country with him, particularly when russians have woken up to their currency collapsing at the banks. some of our producers have say at the banks -- some banks in moscow have run out of dollars because people are desperately trying to get ahold of currency that isn't the ruble. the nick impact will have an immediate effect on ordinary people here in russia because, of...

Dollar this year and this may be the canary in the coal mine that some investors are looking at. joining me now to take a closer look is steven cook, a senior fellow for middle east studies at the council on foreign relations and an expert in turkish politics, and kenneth rogoff, professor at harvard university, former chief economist and director of research at the international monetary fund. thanks to both of you for joining us. ken, let's just start with you. i want to put up a full screen of financial crises. mexico in 1995, thailand and southeast asia in 1997, russia in 1998, argentina i...

>> you talk about the interest rates. 17% interest rates. they clearly would like people to have confidence and money in the bank and get return on the money. investors is fleeing. so interesting this weekend. i talked to someone in london. there are worries about real estate. russian money is behind investments around the world. it is all interconnected, isn't it? >> reporter: yeah, that is something that should be considered when people talk about glee about the russian economy. this is a major world power. one of the biggest industrialized countries in the world. the effect on the currency ...

Appointment but a way to provoke congress and to link republican presidential candidates with the unpopular congress. it's entirely about elections. that makes it a disgrace. >> bret: quickly, down the row. the u.s. navy rescued iranian fishermen being held hostage by apparently somali pirates. seemed like a good day for diplomacy. >> but it is only humanitarian. i'm not sure it has any implications. the real story i think out of iran today, the crackdown on the internet. the regime understands sanctions will bite. worried about unrest at home. >> i think what is so scary about the fact that t...