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tv   [untitled]    September 14, 2011 6:52pm-7:22pm EDT

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nato and the taliban actually gotten gauged into a little bit of a twitter war which i think this shows you where we are in this world you know if you think about the taliban you think about afghanistan the fact the majority of people there of course are illiterate this is a country that really is stuck you could say in the twelfth or thirteenth century but the taliban they're on it when it comes to launching p.r. offensive when it comes to being you know a part of social media and knowing how to spread it and so first what happened is a spokesman said the outcome is inevitable question is how much longer will terrorists the innocent afghans in harm's way and the twee responding to that said i don't know you've been putting them in harm's way for the past ten years razed whole villages and markets and still have the nerve to talk about harm's way this is more dialogue than the two groups have been having in the last ten years so be it it's on twitter the form of media that so much of so many of us use that was used apparently to spark some of the revolutions in egypt that's fine but they're
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discussing it there they're talking about it you think you think twitter is going to solve the war or it's sort of frightening to see that the taliban has mastered the art of saying instead of actually the special correspondent but look i you know i think if there's a legitimate takeaway here it's modernization doesn't necessarily mean more peace and it doesn't necessarily mean people who will like us more because they'll feel more like us because the know how to use the twitters but this is a discussion that is not being had over you know not being had over at a table the least they're having it at least they're starting it right well that's right you can just sidestep on the karzai who is not going to get the job done and you can carry on these direct negotiations i mean look you know afghanistan policy is a mess and if you are can people are perfectly happy to engage in wars when there are proper wars but that's all we have in afghanistan we have this sort of clause an imperial parasailing of the rest of tribal areas americans don't like that we're not very good at it we don't you are very well well. you know if you can just know
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what i'm going to get a war that's right and so you can just you can read tweet me if you like speak or tweets and discredit you to that one all right let's move on to well this man is i guess one of america's greatest bad asses take a look. at what you think. will you. please. all right so that was clint eastwood and he recently did an interview with g.q. is going to be the october issue of the magazine and let's not be sad about gay marriage he said that those people are making a big deal out of gay marriage i don't give an f. about who wants to get married to anybody else why not we're making a big deal out of things we shouldn't be making a deal out of i'm just wondering if that is the attitude that so many americans
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just need to hear is somebody like clint eastwood say i don't give a f. about who's getting married and then maybe they'll pull that out it'll change their minds click should really go all the way and you sort of look at a dirty harry style speech like a monologue and just take that idea and like turn it into something a little bit more were more angry a little more confrontational you know sort of waving your hands the oh who cares i don't know if you want to video with i know nothing. you know just to. get you right i think that's the point and i think the point is that somebody i mean he identifies if he considers himself a republican and that's the point is this day in age so many people who are republican say you know what it's not that big a deal and i've heard the discussion that some people say you know what if conservatives would budge on the gay issue if liberals would be. pro-life issue which it will never happen and it's a crazy idea but i'm saying out there you know sorry all right we got it we got to go because we only have a little bit of time. but take
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a look at this guy who was drunk and turns out to be around. constitution ok all right i get to tell me about this no clue. but yeah constitution read it. but. there's something i just love so much about that because there are great moments when you can really invoke the constitution but here he is just clearly hammered they're trying to pull him over for a dui these is yelling constituted this is the kind of fiery rhetoric that we need right now you know if police although even that guy you know he was like the constitution. live by it yeah that's it the same guy once he got in the police vehicle started killing ron paul two thousand and twelve so that's a risk thing he's a ron paul fan but apparently you think you just yell constitution really loud that they're ok little things that's what michele bachmann thinks he's not alone it's better than the alternative there are many things that you could you know that
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would be a lot worse to go on national television go to constitution when i'm hungry the kind of you know game instead of the place that i know really quickly we don't have time to play the clip but there's a new book coming out about sarah palin where currently it says that she back in her old reporter days snorted cocaine off of a fifty five gallon oil drum and had an affair with an n.b.a. star and he player glen rice she had a one night stand with him before you look at apparently he confirms that in the book. of oil drums that's the kind of really i don't even know how that happens killing a moose right that's the trifecta she's going to but you know people are worried that facebook and social media would kind of ruin the lives of of america's future politicians because now all of this kind of built all your scottish clothes and would be on the internet well apparently this can actually happen before facebook was even turns out it's still years not just the. way our guys got to wrap it up unfortunately thanks for joining me tonight and that's a good night so thanks for tuning in make me come back tomorrow just sunday and activist whose house was raided by the f.b.i.
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last september is going to be on the show and take a look at where she is a later time don't forget we have a family launched on facebook and follow us on twitter you miss anything the following weekend dot com slash the lot of shell and me up next is the.
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if so.
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it's the global dominoes of debt as greece teeters on the brink of collapse the e.u. and global economy await the effects meanwhile as the world bank saw the brics countries lay a new foundation but in the end is a global get it inevitable. our bridges can't fall down we can't collapsing infrastructure that kills people urging people. leaves us and say. and it's not just the economy that's falling apart america is literally falling apart more countries like china are moving into the fast lane we'll show you some of the major speed bumps holding up progress in the u.s. . the bush george bush president obama you know our bill ended on bush i would
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blame government. it's an old fashioned finger pointing game but as the saying goes point one finger you've got four more pointing back and so as the blame game heats up and mainstream media continues to ignore important headlines we'll take a look at what that means for the global economy. and what is the right answer to fix the economy how about restructuring society altogether one man's vision includes just that we'll take a look at this site guys movement i speaking with its founder we talked to him earlier peter joseph. good evening it's wednesday september fourteenth seven pm here in washington d.c. i'm lauren lyster you're watching our team ok so today moody's ratings agency cut the ratings for two large french banks that are saddled with greek debt this as
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greece nears default and its leaders talk with germany and france about rescue need while china says it's willing to help to support europe and buy bonds from nations facing a debt crisis and it's not. yes china together the brics nations the developing economies are coming up with their own rescue plan for europe could develop in nations be the saviors of the developed world and what does all of this mean for the u.s. trying to build the country's largest creditor and also the u.s. economy could pay the price of recession for a greek default some analysts say if this is the tipping point for a double dip earlier i spoke with dmitri of fantasies economic blogger an r.t. contributor he gave me his predictions on what will happen to greece and the global economy. we're hearing a lot more rumors about of the fall which is frightening but i think but the most likely scenario is the. gamekeeper came down the road france and merkel have been saying that they are france germany and angela merkel how did and how about how
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they want to wait until at least twenty thirteen when the european stability. mechanism is in place so they have some sort of as to show framework to go with with a bailout so i think that eventually greece will default but i think that it's not going to happen on october seventeenth i mean why is that october seventeenth of course is the day when greece runs out of cash and you don't think that's going to happen but why is it that bailout is kicking the can down the road because they're not addressing they're not creating a scenario where greece or greeks can say ok in five years and seven years whatever we have a viable plan to exit this this large that burden and go back into growth because right now the greek economy is in a collapse mode so there's no way they can service this that and they're having problems getting that budget deficit under control even though they're cutting spending and that's what you're going to see so if they can't liquidate their debt and you a lot of the default then the need to have some sort of structured default some sort of agreement with their creditors so you're saying that you're predicting
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a bailout and they're just going to end up fallible but all of this is that it makes that worse for the country ultimately i think that it no i think eventually greece is going to have to do a unilateral default i think that's going to have to happen but i just don't think that that's going to happen on the seventeenth ok despite all the news ok should agree to follow i think that if greece doesn't have a viable plan which it doesn't have at this current time from its creditors then it should default but in order for that to happen the government needs to be on the same page with its people it needs to be doing what's in the national interest so they need to be coming together with a plan and putting that out there and talking to greek people about what that plan is how they're going to deal with the fact that the banks are insolvent and they're getting money from these three b. and how they're going to move to a point where they can have an orderly default and i'm prepared to go for the inflation and the bank runs that would ensue. ok so you're calling for an orderly default and you mentioned something you mentioned the insolvent banks and it's not just greece it's not just greeks insolvent banks it's france is banks we just saw
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two french banks get their ratings downgraded because of their exposure to greek debt and it's not just france we don't know how much the united states is exposed to greek debt credit default swaps which protect against greek debt so are insure against rate that would be a better way to say that so what would be the impact for the u.s. if there is a greek default well you're right about the credit default swaps and derivatives market we don't really know we heard a lot about this in june a few months ago that a lot of the american banks one of the other side of these derivatives deals so they were insuring but the the the that there was on the books the books of of european banks so that in the event of the fall of european banks would it would they would lose out on their bonds but then they would go to the american bank and say give us the money because really you wrote the insurance so the u.s. banks would be on the hook no one really knows and again that's the problem with the banking system there's a lot of uncertainty about counterparty risk and panics can create
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a problem too quickly which would unmask the solvency issues of banks and that's ultimately the biggest problem it's a confidence game it's a confidence again it's a solvency problem that spans greece europe the united states and continues who is the savior of this we see china coming in and saying that they are willing to buy get out of these nations that are facing sovereign debt crises is china the savior while china could play a role and they want to play that role they have about three point two trillion in foreign exchange reserves and and in fact the funny thing is that the chinese premier when he came out and said what his primary concerns were regarding europe it was to have the european union recognize china as a free trading partner so china i think is in a position to use their. massive savings and the position that they're in as a global creditor to extract certain foreign policy and political games or benefits which is what a lot of people in the us have been saying for
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a long time that we're exposed to chime that through the through and through our economy and the chinese government its military have other designs have other ambitions more money is power you can argue the united states or excuse me that china is using money in order to achieve goals that the united states would sink you know military planes or ships or build that tail it's definitely a different way of f. accomplishing things but as far as the chinese going in and say buying greek debt what happens because this is not you know everybody is not offering a vacuum here. china is the u.s. is the largest creditor china has three point two trillion dollars in reserves to spend what happens to the u.s. if china starts x. that in dollars and by europe so that's a really good question because because the fact that. the amount of money that china has had to go somewhere right now a lot of it's and p. bills so if they're going to move money out of the can are out of europe they have to move it out of u.s.
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treasuries which means they're going to take some demand out of the market and for us and change the amount of supply in the marketplace that's going to drive up deals it's going to make borrowing costs higher for the united states government which alternately because the way the fed works the feds and have to step in to do more monetization so all that just means is more and more loss of purchasing power for dollar holders if the chinese were to work through this engage from treasuries and move into a european sovereign debt or to euro bonds which is what a lot of you are advocating euro bonds in europe. that was richard fantasy economics blogger and r.t. contributor now we just the question of of what's going on it doesn't just fall necessarily on obama or you know anybody else for that matter when it comes to problems like grace which could affect the united states that's just one example but who do the american people blame because you know people in the streets know that what happens in greece is affecting us in the united states well that's what
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had set our broadcast journalist out to the streets of d.c. to find out here's what. i'm here on the streets of washington d.c. asking americans what they think it's a blame for the current state of the u.s. economy let's watch. would you say president obama simply is bush george bush president obama would you say that obama someone from iraq no i believe it on bush would you say is to blame for all this if i had to blame anybody i would blame the government who's to blame i think that. everybody in nobody what do you think about what's happening you know in greece and with the euro right now do you think that has anything to do with you know how the economy is chipping up here well i think that the stock market has already baked the greek potential greek fall into it so i don't think that has any effect right now because i'm more interested in the american problem i don't think it's what's led to the
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downturn united states it's a trailing. event that things are going on europe everything just seems to fall or economy it seems like a lot of those governments it seems to be more large government. more socialist type governments and i think it's clear that that kind of economy can survive if we are. we broke and. then we can't help anybody else so if we can't help ourselves well there you have it despite all the talk about globalization american still feel they're in the driver's seat of the global economy and it seems they won't be letting up on obama or anyone else is in charge any time soon reporting from washington i'm a genocidal party. and in the wake of the ongoing global economic turmoil the new president of the united nations general assembly is asking the organization to rethink how it does business this in his opening remarks at the sixty sixth u.n.
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g.a. meetings taking place in new york city but it's not just the economy that's on everyone's minds with continuing violence in libya protests in egypt and diplomatic crisis over the palestinian bid for statehood and leaders have a lot on their agenda this session needless to say r t we'll be covering the meetings live this year but for a sneak peek of what's to come we sat down with the tele turk and he is the russian ambassador to the u.n. he gave us his thoughts on how the united states may react to palestine's perplexed . the position of the united states is very often not entirely consistent with my own because the bottom line like some other. western european countries they've played double standards from time to power and this is another situation we sure referring to their position with regard to that palestinians i mean we have this vote several months ago on
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a resolution of the security council bodies where the settlements of the resolution was essentially composed of quotes without using marks of course from statements by president obama and secretary of state clinton and the united states went ahead and vipul that resolution in the face of one hundred twenty sponsors of that resolution so not just members of the security council were supporting it but also. a large majority of of the members of the united nations so this is this is one of the problems i think in trying to put him through negotiations between the israelis and the palestinians if. the israelis get this kind of unqualified support from a country which is trying to play the main mediating role in the palestinian israeli situation and then it does not help to move. that was russian ambassador to the united nations the tally churkin meanwhile we have seen
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a slew of bad news out for president obama his approval ratings are forty three percent down from a one time high of sixty nine percent below the average of president since f.d.r. which is fifty four percent also a new york senate seat historically held by a democrat went to a republican for the first time since one thousand nine hundred twenty three poverty has hit record highs according to new census data those are just some examples that may have people pointing their fingers at obama but my guess that i spoke to earlier argues the country's problems are not about obama they're not even about politics they are about needing a entire overhaul of society earlier i spoke with peter joseph he is filmmaker and founder of the zeit geist movement he also is just fresh off of the inaugurals like media festival and he was on our show to talk about some of the solutions proposed by the movement here's what he had to say. well to understand the solutions you'd
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really have to understand what the problems are in the broader view what we're faced with right now is basically the end of a paradigm with respect to our social system it's not ending because of some bad policy or some political mouth eason's already kind of economic issue it's ending because it could no longer sustain itself by the natural evolution of human society the natural evolution of technology and the inherent mechanisms that define this system which are slowly growing out of control like a cancer for example we have a debt based currency system money interest is charged on the money that's a loan that does not exist or right in the money supply that as its very core seed is really why you see the sovereign debt the false corporate got to throw its personal debt defaults across the world we have sixty trillion dollars of private and public debt in america alone you can do the math and how much that is per person it's only going to grow as well and this is just the nature of the system we have an unemployment crisis which is really driven by technology technological
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unemployment has been the major attribute that has moved people from sector to sector the illusion of most economists is they say oh well technology is actually creating jobs that's actually a convoluted logic what happens is and you can see this by the way that for you track the industrial revolution and all the way to the modern point you see this very clearly what happens is we start off with a certain sector everyone's employed technology comes in displaces human labor and slowly other sectors emerge usually on the basis of other technologies so it's it's a natural consequence but it actually isn't a read that resolution actually isn't creating anything we're going to end up with is a necessity to have everyone either a lawyer or everyone either working in the entertainment industry because there's no way you're going to have a manufacturing sector with people actually employed there's no way you can have a service started with people actually employed because the cost efficiency that's enabled by technology overrides the need for human labor what happened in bank of america recently they just laid off forty thousand people they understand what they're doing they actually laying off then. let me let me go ahead i just want to
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get in here to kind of continue the conversation again because how do you separate out i hear what you're saying about technology and about the entertainment industry i've lived in l.a. but but i do want to know how you can separate out all of the jobs that we've seen go overseas to countries like china and all of the people we've seen move into a financial system that people say is over banks in this country i mean there has been a transition in industry and jobs oh there absolutely have been but the question is when you have ninety six percent of the basically the human population most of the western which has majority the labor of working in the service sector which is now being replaced by automated kiosks and many other advanced technological mediums where is the next sector i want to point out that i look at this on a global scale i'm not interested in american unemployment i'm not interested in a country of specifics because it's one society it's one world it's one economy the question to be asked is why are the majority of people excuse me why will the
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majority of people eventually be unemployed on the planet and that's because of technology you can forget about outsourcing all of that the only thing to learn from that is that industry at its prime motivation to corporations shareholders is to make sure that they maintain a profit so displacing human labor because of the cost efficiency enabled by technological automation is the contradiction of collapse of capitalism excuse me that many economic theories have talked about for the past one hundred years including john maynard keynes right this is an inevitable revolution and it's not going to stop so you're saying the problem is capitalism what are you saying is the solution. well the solution is a completely different reordering of how we actually engage materials how we create production and how people actually contribute to society if you recognize this reality that the market system as we know it which is the bedrock of the capitalist free enterprise system whatever you want to call it we recognize this phenomenon is phasing out and mark my words the jobs are not coming back across the board they
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can't because the system will not a label it by its inherent logic when you realize this you start to open your mind up you think yourself well if technology can provide all of these tools to it hands production by the way just to throw in here technological unemployment is inverse to productivity across the world which means the less people we have working in industry the more we apply technology the more production capacity capabilities we actually have which is amazing so what this means is that we can use technology we can free ourselves create an entirely different social system based on maximizing our efficiency hence our sustainability through advanced methods of production and eventually providing for literally the entire human species if we put our minds to it and overcome all the traditional rise barriers that are stopping us because of this traditional lives notion we think is imperial in society and they're calling for something really untraditional but like it i mean is it a kind of sounds like getting rid of capital of them and putting in what. well you
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can give it names it's about appreciate a train of thought about what we're doing and how it can actually benefit human society and create the best public health and safety providing for as many people on the planet as possible so if you can give it a name you can call it a resource based economy a resource based economic model because really what is the foundation of human society its resources its resources not only of the physical gold food and all of those attributes also the mental resource we have people living their lives in racing their lives as secretaries wasting their lives in industries that don't produce anything such as wall street and advertising can you tell me what they're actually producing that actually helps anybody directly there really isn't anything these are filler concepts that actually don't contribute so if you take the approach that we live off of resources and you organize those resources you make the most efficient production system you can based on what technical knowledge allows us to do scientific understanding you reorient society to what people
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actually engage in occupations that actually do something instead of spent spending all of our high taking all of our scientists and putting them on military operations right now they could be using that same engineering resource and mental capacity to benefit all the world's people and create a material abundance and no one could ever be starving on this planet this is statistically proven by the way even with the current inefficiencies we have now so to summarize we have a resource based economic model it's a ground up approach to resource management and we make everything a sufficient and productive as possible technically no monetary evaluation no monetary association because all that does is interfere as here just a filmmaker and founder of the. now at a time when many americans think this country is headed in the wrong direction seventeen percent according to a rasmussen poll that was recently done look at this if frankfurt auto show a montserrat viewed its s.u.v.s as a ferrari engine and the selling of what the. world has to offer in cars at the
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show and reporters say that it's only been growing over the past few years and that money woes are no problem there meanwhile more proof that the u.s. is literally falling apart as in its roads but the country's top five percent of the richest to control sixty five percent of all assets according to the economic policy institute well maybe they will still be able to navigate the crumbling roads without new as you the model roddie but for the rest of the country among the lindo look at the cost of the u.s. is decaying infrastructure being completely blacked out in systems of power outage that affected millions of people in america southwest had lighted quarter of villages in the nation's power infrastructure outage cause reactors to shut down it said in all three nuclear power plants cut power to waste water pumps sending tons of soup.

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