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tv   [untitled]    September 14, 2011 7:52pm-8:22pm EDT

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money is going to. lift up much so yes do you know the weight of the cycle i don't see one hundred fifty kilos one hundred fifty how much do you weigh ninety you see these big guys this fall it just falls over man the start seek here go for had a fee of forty kilos just me last was quite soft as yourself then how is that going to help this gentleman right here a few notes to be sure to become a true fact that. he was stolen is always bold strong muscles for exist and if the competitors have a little trouble with the point they could still make up for it in the top business . class middle class and beautiful places for relaxing stroll. just over half a century ago this area was nothing but gross and maybe the old potato allotment and so this man came along in one consent turned it into almost as
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a beautiful atomico gardens right in the center of the president and i'm off to meet an old friend of his. son and has been a professor at the local university for more than forty years and is literally seen the gardens grow from nothing so what they are today steve says though it's done in a regularly i wouldn't pattern like the english style but they're all of different heights as you can see and you can find every conceivable for a font. in fact there are more than seventy different rare breeds in the gardens and susana was happy to show me some of her favorites. can you feel it. smell it's.
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there around twenty full time staff here but they can always do with one hand and that meant i got to put my own tiny sapling in the ground. this this little maple tree is one of more than forty thousand trees that have all been clubs and by hand and hopefully in a few decades to come out it will still be here giving say to president us locals. and. unfortunately my time in the city was coming to an end but there was one group of local heroes i really wanted to meet. the people here love the combine river which runs right through president but it can also be a dangerous place there up to a point accidents a day on the was enjoying the summer season but that's what president of the river rescue service is here for. now i was here to see what sort of challenges i face.
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yes once i changed into my official rescue ranger gear we were ready to head on to the river. now this is a typical day we are on patrol but you only want to do is go down the kugan river all the way to places where bathing is allowed and most importantly where it's not allowed to. shoot the problem is that there is a very strong current in the cuban river and swimming can be very dangerous. some people try to do it when they're under the influence of alcohol. teenagers over there for instance but as the pope drove past they seem to change their minds pretty quickly. too guys are they're just hard to put their clothes back on. the tour and his colleagues normally patrol forty films a stretch but today the public role playing the news of the river. of course it
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never hurts to issue a gentle reminder to everyone having a nice time don't go swimming don't go. see and nobody's going swimming pool see how impressed they are with our authority . runs you there were one or two people who did look like they were getting ready to sell to. future victims. so from a little been very quiet but things were about to get interesting. well everyone's been doing very well behaved down the river today but for guys who still needs train which means they need a victim. class markets. it's
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a little difficult to do a good impression of a drowning man in a highly buoyant soups but i did try my best and that river was no. no no. plate. by its own. post fortunately i was only squashing around for a minute or two before i was free to safety. another soul saved by the president of a. rescue service. but definitely recommend a dry c. . most people. i was happy to be out of the ocean but i was genuinely sad to be leaving president
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. outside of moscow and st petersburg is the most modern and well maintained city are seen in russia i'm one i think i could genuinely live. with are you looking at the beautiful books some people call schools in action or just genuine cossack's culture and hospitality class adult sybil. culture is that so much of a sphere is only i mean when i sit here in a real serious emerging countries in an ever changing world what does it mean when a country is finally emerged. as. a charmer in here broadcasting live from washington d.c. coming up today on the big picture.
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the dominoes of debt if greece goes will the global economy start talking and do the brics countries have what it takes to lay a new global economic foundation. so bush george bush president obama will argue limit on bush i would blame government did your mother ever tell you not to point fingers i guess that doesn't apply when it comes to finding a scapegoat or person to blame for america's economic problems but what about the impact for of europe's debt crisis right now is the mainstream media missing those important headlines and we'll take a look at what it all means for the global economy. and there is no i in us all the white house brambles divided economic solution maybe they should be looking at
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a devaluation of self-interest and restructuring the way our society operates at least that's what the various movement phrases spoke to its founder. our bridges can't fall down we can't collapsing infrastructure that kills people purchase beautiful. leaves us and say it's not london's bridges that are falling down it's america and they are the only things literally except probably beneath our feet is the infrastructure that made the us a world power spotters to the end of its useful life china is the fast lane we'll look at the speed bumps holding back the u.s. . good evening it's wednesday september fourteenth that's eight pm here in washington d.c. i'm lauren lyster and you're watching r.t. ok so today moody's ratings agency cut the ratings for two large french banks that
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are saddled with greek debt this as greece nears default and the country's prime minister had emergency talks with germany and france today about rescue in germany and france called. to stave off default meanwhile china says it's willing to help to support europe and bygones from nations facing a debt crisis this of course includes italy too and it's not just china together the brics nations of developing economies are coming up with their own rescue plan for europe the developing nations be the saviors of the developed world in fact and what does all of this mean for the u.s. china of course is the country's largest creditor also the u.s. economy could pay the price of recession for a greek default some analysts say if this is a tipping point for a double dip for more i spoke earlier to michael cunto he's president of pentode portfolio strategies to start things off we talked a little bit about greece and i asked him with france and germany backing greece
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are sounding like they are going to and china saying it's willing to help at this point do we see a greek default or does greece get bailed out here's what he said the green chile is treating it's been the regime that has the yield on the greek to your new show which i think it's one hundred percent guaranteed they agree she looked for that would be a good principle interest duration inflation to fall some combination thereof michael what exactly does that mean to the average person can you break it down a little for our viewers because the mainstream headline that i've seen today just one is that greece is rescued or going to be by members of the e.u. . well they might hear what's a rescue greece but look what's happening with its value e.c.b. is actively monetizing counterfeiting europe's to keep european interest rates
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down that cannot last and you see the revolt in italy you know they were the yield on italian debt that's a year was around three percent just a few months ago and it went to six percent back to where we sent just a little bit ago the present and that is back to five point six percent today the e.c.b. is actively creating inflation to keep interest rates low and that cannot last so what happens do we see china come to the rescue of italy and greece i think you know i can't really predict what the chinese are going to do i can tell you if i were running china if i were the premier i would allow these countries to collapse and then what's their currencies collapse completely come on the back side kick up these assets and huge fire why should it. get elaine the collapse and not get
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a bailout from say china if the terms are good for the country. that's the people working at least terms big this would be a massive restructuring of all of your. there's going to be a huge bailout in capital huge for all the european banks and i think china will be a part of that but only if it turns our fear to the chinese do you think the chinese are going to bail out the greeks and make one hundred percent all their bonds i don't think so they might not care about that one report i saw said that china was concerned about european countries recognizing them as a market economy above all as a tradeoff for some kind of a bailout deal a return on investment but the question i want to get back to you is what you said about italy. and grace just though i had let him crash and burn in that scenario what happens to the us because i am not a us banks are on the line for a stand at
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a there are now on the hook for a lot of there but most importantly one of our primary export partners is the european union you have an eagle who seventeen is a tremendously huge economy is three quarters of the g.d.p. of the united states and the entire european union is the world's largest economy so you have a domino effect already europe we have a cascading collapse of the sovereigns you have a collapse of the banking system it would be foolish to think that the u.s. would be a new and china would be in the unique and this is a tremendous problem and there are no easy answers restructuring and defaults and restructuring the thought are synonymous there will be a massive restructuring and the fall upon the sovereign debt of greece italy portugal ireland and spain so you're saying all of those countries lap their restructure which essential in their eyes is default not only in my eyes but in the
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eyes of the credit ratings as well well we didn't hear you by the credit rating agency if you if you have a if you're having notes from greece that's two years in the region and no becomes a thirty year no do you consider that are the fore. i'm not the expert michael you are well over the weekend extra twenty years to get my principal back i was sure. for twenty years if we're headed. is one hundred percent big issue believe insolvent nation and i think it only has one hundred twenty percent as well but we are back to the bank we've seen the french banks and you mention the ratings agencies we saw two of them downgraded by moody's because of their exposure to greek debt what happens to u.s. banks i want to know that the banks if there is a great default well as i said before there's going to be
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a massive was asian of the banking system in europe and i don't think the sovereigns have any firepower left because you know the united states we have a chart program we inject the capitals of the banks and the reason for me i'm sorry but you know to be very pleased with the assets that are already here and now. so you. know that is the only player left in town is john. and that's what we're headed for a huge increase in the rate of inflation but in europe and in the united states that was michael pentode president of pentode portfolio strategies and you saw from our conversation how connected everything is the greek debt crisis isn't just the greek debt crisis it's a crisis that affects the eurozone and that in turn also affects the united states and reverberates here but with this going on recently affecting markets we've seen
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a lot of volatility and this is said to play a role by analysts who follow this closely what you are american people think is causing it while our broadcast journalist went out onto the streets to find out. i'm here on the streets of washington d.c. asking americans what they think is to blame for the current state of the u.s. economy let's watch i'm certain he didn't get it would you say president obama simply. would push george bush president obama would you say that obama stood by him for no artful ended on bush would you say is to blame for all this if i had to blame anybody i would blame government who was to blame i think that. everybody you know 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 shaping up here well i think that the stock market has already baked the greek
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potential greek fall into it so i don't think it 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 downturn united states it's it's a trailing. event that things are going on europe everything just seems to follow our economy seems like a lot of those governments seems to be more large governments. more socialist type governments and i think it's clear that that kind of economy can survive if we are . labor and then we can't help anybody else out if we can't help ourselves well there you have it despite all the talk about globalization americans 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's in charge any time soon reporting from washington i'm adriano said o r t. and in the wake of the ongoing global economic turmoil the new president of the united nations general assembly is asking
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the organization to rethink how it does business this in his opening remarks of the sixty sixth u.n. 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 a diplomatic crisis over the palestinian bid for statehood and leaders have a lot on their agenda needless to say at this year's session r t we'll be covering the meetings live but for a sneak peek of what's to come we sat down with the tally turk and the russian ambassador to the u.n. he gave us his thoughts on how the united states may react to palestine's requests . and the position of the united states is very often not entirely consistent to put it mildly because of the like some other. western european countries they've done to apply double standards from plan to plan and this is another situation which you're referring to their position with regard to the palestinians i mean we
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have the vote several months ago on that is it will some of the security council and all these are going to settlements of the solution was essentially composed of quotes with old using marks of course from statements by president obama and secretary of state clinton and the united states went ahead and vetoed 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. the members of united nations so this is this is one of the problems i think to put in train negotiations between the israelis and the palestinians if. the israelis get this kind of qualified support from a country which is trying to play the main mediating role in the palestinian israeli situation but then it does not help to move ahead. that was the russian
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ambassador to the united nations the tally churkin meanwhile we have seen a slew of bad news out for president obama his approval ratings are forty three percent that's down from a high of sixty nine percent down below the average of president since f.d.r. and a new york seat historically held by a democrat went to a republican for the first time since one thousand nine hundred twenty three also poverty has hit record highs according to new census data all of this but my next guest argues that the country's problems are not about obama they're not even about politics they are about society needing a total overhaul earlier i spoke to peter joseph he's a filmmaker and founder of the movement he's fresh off the inaugural media festival it just wrapped up 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
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solutions you 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 story kind of economic issue it's ending because it can no longer sustain itself by the natural evolution of human society the natural evolution of technology and the inherent mechanisms that defy in 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 all right in the money supply that has its very core seed is really why you see the sovereign debt to fall its corporate debt the thoughts of personal debt defaults across the world we have sixteen 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 and technological unemployment has been the major attribute that is moved people
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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 you can see this by the way the track to 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 is in a rather 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 going to service sector with people actually employed because of the cost efficiency that's enabled by technology overrides the need for human labor what happened to bank of america recently they just laid off forty thousand people they understand what they're doing actually laying off the. let me let me go ahead i just want to get in
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here to kind of continue the conversation 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 their people say is over banks in this country i mean there has been a transition in industries and jobs. are 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 to 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 specific because it's one society it's one world it's one con to me 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 evolution 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 it out and mark my words that jobs are not coming back across the board
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they can't because the system will not to label it by its inherent logic when you realize this you start to open your your mind up you think yourself well if technology can provide all of these tools to it hands production by the way just as a throw in here technological unemployment is inverse to productivity across the world which means that less people we have working in industry the more we apply technology the more production compared 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 fish and sea 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 lies barriers that are stopping us because of this traditional allies notion we think is imperial in society and i think i read something really an international but what is it i mean is that kind of sounds like getting rid of capitalism and putting in what. well you can give it
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a name it's about appreciating a train of thought about what we're doing and how they 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 wasting 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 let people actually engage in occupations that actually do something instead of spend spending
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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 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 with your just f.l. maker and founder of the net. now it's highlight of record number of americans are living in poverty take a look at that take a look at the frankfurt auto show at its monster roddy s u v. dave you know it has a ferrari engine and i knew now they. it is
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a showing of what the world has to offer and cars and according to media reports it's only been growing over the past few years and money woes are no problem there meanwhile more proof that the u.s. is literally falling apart as you'll see reporter among the lenders report but the country's top five percent of the richest who control sixty five percent of all assets according to the economic policy institute well maybe they'll be able to navigate the crumbling roads if they get that new model or audi s.u.v. but what about everybody else for the rest of the country remodeling to look at the cost of the u.s. is decaying infrastructure getting completely left out of the system's massive power outage that if they could millions of people in america southwest highlighted color abilities in the nation's infrastructure how does cause reactors to shut down etc no free nuclear power plant powered.

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