the unemployment rate may have taken a death of the stock market took a deep nosedive in the economy's rough waters this week so what's going to be for the u.s. or swim. or on the titanic somebody asked the questions do we need lifeboats and maybe we should think about those in the lazier life but this is the this is the let's this is the life boat and some communities have served the rough economic waters on alternative currency so could this lifeboat work in the long run. and right wing around over second amendment right here why gun dealers and buyers are saying he asked to a.t.f. style and help policy. what is so dangerous about you making your own choice about

whether or not you can drink from neil i think we are both for the right to drink wrong. well not of them the police have anything to say about it so why is the government waging a raw food fight. good evening it's friday august fifth i'm lauren lyster here in washington d.c. and you're watching our team well new jobs numbers are out and the unemployment rate ticked down a tenth of a percent to nine point one percent so is this a glimmer of hope coming just days after a lousy debt deal in washington which avoided and near u.s.d. fault and where we saw stocks slide the most since two thousand and nine. it was it was certainly an encouraging development that we were way above expectations

when the above expectations but let's see reality one hundred seventeen thousand jobs were added last month but how many does the u.s. need to just account for new people coming into the workforce not even those that lost it's their jobs a hundred and twenty five thousand long long doesn't make the cuts also the unemployment rate went down because more people left the workforce so weren't counted in this rate and why are the other workforce made because it's so hard to get a job the average duration of unemployment rose to a new record of close to ten months and the share of the eligible population holding a job so just working age people declined to fifty eight percent which is the lowest since one thousand nine hundred three and july ok so well that doesn't sound great at least the default is behind us washington has reassured the world pay its debts let's look at some of those global reaction so what are countries joking about well in the united kingdom they have obama serving the debt crisis wave well

europe crumbles into it that of course angela merkel and sarkozy waiting to crumble into the u.s. debt crisis not a good outlook i would say who else but comes from another country this one is from brazil you have uncle sam saying let's see what the fortune cookie says today you better pay who they better pay china waiting for that fortune who holds more than a trillion dollars in u.s. debt making up a large portion of the four point five trillion dollars that foreigners hold and u.s. debt so they seem to have a little more realistic take than those in washington now here is my favorite this one comes from the economist out of england and it has the tea party driving uncle sam dragging the world and the world saying something is definitely wrong here so anyone who thinks that the united states has avoided. a catastrophe i think that those cartoons coming from all over the world show the impact it's had beyond the

beltway now on top of this there is more talk of quantitative easing for a third round people have different feelings about that markets are volatile today after the dow's five hundred point plunge yesterday and the dollar a record low earlier this week all of this bad news what can anyone do you get for it some people are doing later but first richard wolffe economist and talk show host of w.p.a. i radio is here to felicia thanks for being here now can you figure issues i just named number joblessness the debt all of these canadian banks or do they point to something that you spoke about with me before they this is sent is broken i think these are chickens coming home to roost in the stock market plunge yesterday we've had twenty years of being told that a private enterprise economy is the royal road to success and prosperity forever then we had a crash of that system now we've had a good recovery by

a government that took care of the banks and insurance companies first and assured us it would trickle down it's not trickling down that's what these unemployment numbers mean that's what the increasing foreclosure of people being thrown out of their homes means and so on the stock market is finally the investment community itself realizing that this system is broken and there is nothing on the horizon to take it out and the anxiety that used to be among all the average people the vanishing middle class and all the people worried about government spending that anxiety is now spreading even to the top of the economy as they realize they've gone way too far and may have killed the goose that is laying the golden egg at least for them so then are you saying that capitalism is the problem. i think it's a system that's in serious trouble because we refuse here in the united states to have the debate we should have had for fifty years mainly to assess that system to

ask the question honestly is it capitalism working for us can we do better we were afraid to like pretending that those awful unemployment numbers that were released today are good news when they show that the unemployment problem will get worse not better so why do i think any of our long overdue so why do you think it is that for decades as you say people don't want to ask the question if capital isn't the problem in america well for a lot for a long time it was the cold war it was a question that was taboo like discussing sex in the wrong situation with the wrong people but we can't afford that anymore this system isn't working the solutions are not really solutions the problems keep getting worse the world as a whole looks to the united states and is not happy with what it sees it is long overdue and if we don't discuss it it certainly isn't going to go away by itself i

think if it if it had good earnings from the cold war i guess you're alluding to it are any kind of discussion of socialism or communism or getting away from capitalism but yet in europe which with affected by the cold war as well they have socialist party they have social democracies so what do you make of that. well i think that your opinions did not get the europeans over the last thirty and forty years did not have the experience of a collapsing labor movement they did not have the experience of a disappearing socialist communist and other anti capitalist walkmans so they've had to present in their society strong movements involving many many many many people demanding services and support not allowing their societies to go in the direction of gross inequality like here you know in our own history as a country back in the one nine hundred thirty s. the last time we had this economic problem it was the trade union movement a socialist a communist parties who forced franklin roosevelt to react for example by creating

and filling eleven million federal jobs in the one nine hundred thirty s. because the private sector wasn't doing it that kind of courage pushed from below still is active in europe relative to what we have here and that's why it's so painful here and why the rest of the world worries about the deterioration that continues to plague the u.s. economy but what is there kiro replace capitalism the united states that has clearly found a social democracy and europe are working actually while they're crumbling as we speak. yes there have been problems in that arrangement too no one is arguing that there's a magic bullet a perfect system that's to replace it they have to struggle with the inadequacies in their system in europe just as we do here but you begin with all of these kinds of problems by facing the reality that when the system isn't working for the bulk of the people like in this country a recovery that the masses still waiting to experience then it's time to ask and

find ways of doing better picking the best and avoiding the worst of other systems that's what our health the society willing to interrogate its own institutions could and should do and we're wrong overdue for it here in the united states but do you think that you know you're sitting in new york you did it for a living this is your life's work you asking questions do you think you can ever get you know larry in arkansas to question capitalism and want to look at some of the socialist ideas i mean how do you get that to happen that's that is that reality. well at this point in the united states we're at an earlier stage the magic the glow the blush whatever you want to call it of a struggling capitalism convinced that had won the great struggle with alternative systems and could deliver the goods it's not delivering the goods is delivering the beds that's why people are beginning to ask difficult questions joining more

extreme movements some of which we don't like but the point is we're opening this space with the deterioration of the systems functioning the space for alternatives laurie in arkansas and mary in wyoming they are beginning to be receptive to ideas of change and i think those are coming and there will be those in america who are afraid of it but i think the majority will see we need to do it for the benefit of a society whose directions otherwise are scary to contemplate but a lot of the people that we've had a streets that are you know larry in arkansas or whatever it is taken to tea party rallies are going i'm fine saying that you know obama has moved towards socialism so i don't know if i'm convinced on that point but i want to ask you you talked about delivering the goods the deliver what would you do you tweet who do you. how do you replace capitalism who do you tax who do you you know what do you. but i

think the first step in that direction is to say once upon a time in the one nine hundred forty s. fifty's and sixty's the united states felt it had to recover from a great depression and a horrible world war two and in those years we decided to do that by taxing corporations and taxing the rich and we did that the top income tax bracket ninety one percent for the richest americans in those years corporations paying more in the federal government than individuals do although now it's all been reversed the first thing we have to do is go back recognize we're in a national crisis again because capitalism didn't work again as it didn't in the thirty's and begin to take dramatic steps along the lines that franklin roosevelt was forced to do in the one nine hundred thirty s. anything of the ranch tax the rich more and that what a solution kerry salute kerry that's really a one. well we've come after thirty years now of

a class war that took wealth away from the poor in the middle and reallocated to the rich now's the time to go back because that wasn't successful that grodd us to the mess we're in now and needs to be reversed to get us out but once we're out of the immediate mess we have to ask a basic question which i think the american people are ready to year and that is if we believe in democracy it has to include where we work no more the mass of people come in the morning monday to friday nine to five do their work produce the output and go on and a tiny group of people of board of directors major shareholders make all the decisions what to produce how to produce rid of produce and what to do with the profits that's gotten us into trouble we have to have the democracy that we believe in operate at the workplace so that the people as a whole can decide how where when to work and what to do with the profits that will

really al ok the way it is the economy works just as an example people who made that decision would they move the factory out of the united states to someplace else and deprive themselves of a job i don't think so what about they take steps to what i think i can track in luxury is higher taxes for gas you see gas tax and i am not hiring in europe. yes you can do all those things but they are all playing at the edges they're not dealing with the basics we're into bed is situation to go back to marginal adjustments we've got to deal with the roots of our problem because we're having a crisis of our basic system and because we haven't dealt with those roots for thirty years while we made believe to ourselves that this system is going to work forever and didn't need any tweaking we now have to go and make up for the last time because we're running out of time and i think the american people feel it that the interest in the tea party is less a support of their arguments than

a plea of cry that something big has to change in the conventional politics are inadequate real quickly the tea party people make really quickly yes or no big changes fundamental changes big huge conversations with the way things work in washington have been working lately is and just in our country is that possible really and reality think that's going to happen. yes but it's not going to happen in the existing old institutions of the republican and democratic party you will see new political initiatives as the tea party in a small way is but they'll be some coming from the left and they will either rewrite the history of these old political qualities or they will have new and different parties as the europeans have had and have very well we will learn also from their experiences and begin to reshape the political life of america to deal with these problems because the existing parties has not done that successfully and

we'll see if that add them up if they can get on the ballot even if the tea party fits and i have a lot of limitations that way but i appreciate you for coming on and talking about that was richard wolffe economist and talk show host and radio now this is what some states and people are doing now they think the answer to some of the problems facing the country and the u.s. dollar and federal reserve policies is making their own currency ditching the dollar altogether or partly it's a growing trend actually utah has legalized gold and silver coins as currency as south carolina senator wants the state to create its own currency and i found actually plenty of cases are right under the noses of congress right here in the nation's capital and they are. if you live in the us and care about whether the dollars in your pocket will be able to buy bread in the future you've likely been paying attention to debates like this in washington d.c. what congress has done what the fed has done we've literally injected. at five point three trillion dollars and i don't think we got very much for the dollar

during these last three years was devalued almost fifty percent our growing cost us jobs and do serious damage to the economy if you're this state legislator in office just thirty miles from the nation's capital watching closely all these are all these are issued in february march of one nine hundred thirty three during the banking crisis growing more concerned about the direction of policy and the dollar this is how they were going to conduct currency if the federal reserve collapses and we go back to this you're making a contingency plan how do we conduct business how do we conduct an economy if in fact that the street in a paper collapses because people don't have any anymore trust in it and if you go shopping at this bar murs market in the shadow of capitol hill you want to get some cash to spend on the market you're already cashing in on another form of tender you are currently using a market here called the problem it's a good currency instead of the dollar

a local currency circulating within this community of merchants. warms and turn it was meant to to help keep more money closer to home for these reasons economic instability the community. we first interviewed its creator close to two years ago when he began trying to tell mix in his home now circulation has increased along with its reason to be i think the economy is getting worse and i don't think anybody would dispute that turns out others do agree i've seen where we're going i don't like there are no good outcomes that i see at all which may help explain why more than a dozen states are now looking into alternative her. and if you're on the titanic somebody asked the question is do we need lifeboats and maybe we should think about this is there like this is that what this is let's this is the way the life but back in the market the lifeboats afloat this is a nice situation where i can buy groceries just by being in the market but which

could amount to more someday if the dollar really goes south. the possibility exists that. if. currencies. based on do with dollar. it's going to be a loving happy card you know back so with my one tell me i can buy two years of foreign and it's this kind of local stimulus for the economy which creators of the patel mix and the people that use it day is really helping seems innocent enough right idees but the movement is coming under fire with critics here who call dollar alternatives catastrophic and unconstitutional first states but certainly there are being if there are people in political life who think that the solution to america's currency problem is to opt out of america and earlier this spring bernard law not those architect of the liberty dollar was convicted on charges of

conspiracy and counterfeiting for making and selling his own coin he was called a domestic terrorist by the u.s. attorney but for those more concerned about the destruction of the dollar american dollar doesn't have a new real is not backed by anything the terrorizing is being done to them you don't want to get with situation we've got to have a wheelbarrow to go to the store to buy milk i mean that that has happened lauren lyster r.t. washington d.c. . now figure taking matters into their own hands though they want to take guns into their own hands feel that their second amendment rights are being rifled around with a.t.f. alcohol tobacco and firearms has new regulation starting this month. require gun store owners in border states to report multiple sales of rifles of some out about a crisis is the main thing here now the national rifle association is not happy and they have filed suit here's the problem to a.t.f. has had what you may call some credibility issues lately remember operation fast

and furious it allowed legally bought guns to go into mexico to hopefully lead a.t.f. to bigger criminals only what ended up happening was that the weapons disappeared and ended up arming the drug cartels so didn't exactly work out as planned now we're going to talk about why gun rights advocates care so much about this is alex jones thanks for being here so i think gun owners to report multiple rifle sales person case forty seven what is wrong with that well you can't buy a negative forty seven at the store that's a fully automatic collision of made in russia or a or are they are going to be automatic you can purchase and are used in a very small fraction of crimes but but but those are in a are making let's talk about like an a r fifteen ok semiautomatic variant of a colt m sixteen now old ready when you buy a gun. and there is a instant background check and what type of gun you're buying run through the

f.b.i. there's an instant check of the form a this is about the a.t.f. ordering people to do things outside of law and filling out giant forms on gun owners who then when they buy two or more high powered rifles period that's anything over twenty two not just semi auto you're getting an f.b.i. or a.t.f. visit to your house without a warrant threatening you and as you mentioned there's a credibility issue tens of thousands of guns over the last two years shipped into mexico and some of the heads of the drug cartels are on record and it's been proven in court documents been entered that the a.p. have actually shipping them to them to knock out the other drug cartels that are long laundering with drug money through the right u.s. and european based banks and so the a.t.f. has been caught shipping guns into mexico and then blaming the second amendment for and saying we need to restrict your second amendment hold on hold on let me let me

just get in here to kind of get the conversation that i had cause i think that a.t.f. fast and furious two was straw purchases and they didn't track operate just as though they did and they let these guns go into mexico and they were purchased that's are just as one cylinder then i buy the gun for somebody else so that negligent there if you can call it that are you know alleged that this was in any case that they're having trouble with straw purchases with policing so it seems like it would make sense for then you know for a store owners to report when storm are you know right while they're being purchased from them let me make it clear they have to do their job that they don't seem to be doing all it well the other job well enough waco and the rest of it look the a.t.f. . has a very sordid history and the cover story that they let tens of thousands of guns be shipped into mexico to track them is a cover story it's now come out in federal court with the head of the center low

a drug gang and is introduced the documents that guns were being shipped into mexico for five years so his gang can knock out the competition and that the u.s. government was along them to ship in cocaine that's in the el paso times i actually have the federal filings right here this is the same story over and over again and by the way this is being reported on this week by the el paso times chicago tribune here's our article from april twenty seventh top mexican drug lord i traffic cocaine for the u.s. government paul jones of lots and info wars dot com here's another one you can see that is getting pinned we want guns directly from u.s. government ok and yet you don't believe their story which doesn't surprise me and that there are questions to be asking but why i mean personally does this this is a fact you are making angry that gun store owners would be burdened with these new regulations do you look and do you on. probably own fifty firearms at any firearm now i said i probably own fifty own fifty five oh ok. but but but let's be clear

about this the guns i've bought of all gone up in value most of them doubled in their value it's a great investment and i am a texan i remember the alamo the year and i got to know you're in a liberal cotton texas. that was a city gun they came they came to confiscate the guns the mexican government did at the alamo that's what that's what started all this seven hundred seventy six started the a.t.f. outside of law they went to congress and said pass a law if somebody buys two or more rifles for us to go after him and congress wouldn't pass it so outside of law all the a.t.f. is now doing this and that's why they're being sued we have a lawless government look look why don't you know go to semi-automatic weapons this year you know living aboard a plane right why do you need a machine gun or at automatic but why do you need the slaves slaves are disarmed i'm in the guns i like guns and the a.t.f.

in areas like new york and other places they totally banned guns and obama as a state senator said they want to total gun ban the u.s. attorney general says he believes in the total gun ban but is never in the republican or democrat because ronald reagan signed a one hundred eighty six machine gun ban. the nine hundred eighty six machine gun ban well there isn't a ban on machine guns by the way you go buy a lead in by wednesday that are you can buy when they were made before the law was put into place that ronald reagan signed that machine gun law well i don't agree lot of things ronald reagan did he was known as red ronnie and his conservative a whole stance was a cover for the things that he was really up to look bottom line we had a second amendment we defeated the british empire to get it we're not turning it loose and since obama's been in office gun sales have basically doubled and it's going to continue and the new world order is going to fail in this you in treaty to restrict our guns because you and they can hardly be un deallocation.

absolutely if i need regulation absolutely fifty plus senators just signed a public letter that the united nations regulations are what the a.t.f. is trying to implement and hillary clinton trying to get us through treaty to waive our second amendment that's how i think gun owner having to report to rifle sales stripping your gun rights or stripping your second of that right. there's an instant background check run and the number of firearms handgun rifle or long gun is all recorded it's called the nics if the a.t.f. can start creating its own regulations and not laws from congress they can do anything and obama has said in letters to the brady campaign this is a task if they can do this he's going to sign an executive order where they can magically put you want to know gun buy less like a no fly right all right alex thomas i want to see how this all plays out because these are supposed to go into effect bill and that's not i believe that with alex

jones host alex jones thanks for going on now in place. speaking of rights. what about your right to eat the food you want drink the milk you want well how do they play out let's what do you get when you combine say iran organic farm whole fresh food raw milk telling the buyers that no they're getting it you know is that great help people you know you get a swat style rain coming to your farm arresting you charging of conspiring to distribute raw milk and that's what happened remember lando has a fall out. welcome to america. federal agents and fully armed local police teamed up for a major raid in bennett's california but it wasn't drugs they were looking for what they perceived to do was take about eight hundred gallons of raw milk and fourth down the kitchen sink this week's rain is the latest battle between ross and boots on the canned food co-op and health officials the food and drug administration says

that they are protecting people from the health risks of drinking unpasteurized milk but members of rossum sign a waiver saying they'll take that risk raw milk doesn't have to sometimes it does have allergies were passionate lots of doctors sometimes and lots of allergies despite that the operator james stewart and two others were arrested in r.p.t. several charges including conspiracy and processing milk without pasteurization this extensive search warrant shows that investigators have been keeping a very close eye on ross and for the past year it's an investigation which has taken up many man hours and plenty of us tax dollars citizens we are. people protesting the crackdown are outraged at what they see as government going overboard we pretend like we're fighting for our freedom you know overseas. and we're losing our freedom we're for simple simple things like let's just grow our

own food last year rossum was also reading this the view of officers with guns drawn. true nationwide outrage mark mccabe a raw milk dairy farmer is angry that the industry is being pursued so aggressively and points to the influence that large corporations have on government regulators it's not just the public it's dangerous to the agricultural interests interests that want to capture all the milk and not have anybody drinking anything other than pasteurized not really comes just as one of the largest food producers in america cargill is recalling millions of pounds of me which may be causing people to get sick and that's going to one death in california so far no reported illnesses from the food at rossum today the only thing that supporters of the raw food movement are sick of his people telling them what they can or cannot put in their mouth if we sit back and do nothing we're basically saying go ahead.