1 00:00:10,881 --> 00:00:14,514 [Alan Greenspan] I have found a flaw, in the model that I perceived 2 00:00:14,614 --> 00:00:20,294 is the critical functioning structure that defines how the world works - so to speak. 3 00:00:21,236 --> 00:00:24,337 Ladies and gentlemen, you're tuned in to the Juice News set again 4 00:00:24,437 --> 00:00:27,001 Where we're examining the status of the human experiment 5 00:00:27,101 --> 00:00:29,287 Is it succeeding or will it have to be aborted? 6 00:00:29,387 --> 00:00:31,838 We pursue a prognosis in this Rap News audit 7 00:00:31,938 --> 00:00:34,422 As you know, the world is urgently trying to make sense 8 00:00:34,522 --> 00:00:36,470 of our "global economy" and its arcane trends 9 00:00:36,570 --> 00:00:39,512 As financial temples teeter, the priesthood is scrambling, 10 00:00:39,612 --> 00:00:41,850 to maintain our confidence in markets and banking 11 00:00:41,950 --> 00:00:44,526 after derivatives, quantitative easing, trade imbalances 12 00:00:44,626 --> 00:00:47,118 recession, low GDP, nations close to collapsing and 13 00:00:47,218 --> 00:00:49,532 subprime loans, foreclosed homes and peoples' taxes spent 14 00:00:49,632 --> 00:00:52,115 to bail out too-big-to-fail triple-A banks again. 15 00:00:52,215 --> 00:00:54,640 fear levels rising as a US crash seems imminent, 16 00:00:54,740 --> 00:00:56,903 having smashed the debt ceiling of fourteen trillion. 17 00:00:57,003 --> 00:00:59,663 Despite protests and clashes in Athens' streets 18 00:00:59,763 --> 00:01:02,330 the IMF imposed Structurally Unjust Programmes in Greece 19 00:01:02,430 --> 00:01:04,787 where, in fact, the term 'economy' entered our language 20 00:01:04,887 --> 00:01:07,193 from the Greek 'oikonomia', meaning 'household management' 21 00:01:07,293 --> 00:01:10,088 Well, how are we managing? Theories abound, but in practice, 22 00:01:10,188 --> 00:01:12,376 does anyone actually know what the hell's even happening? 23 00:01:12,476 --> 00:01:14,725 To regain some sanity we take a stock call 24 00:01:14,825 --> 00:01:17,426 and cross to Texas with our first guest, Ron Paul 25 00:01:17,526 --> 00:01:19,494 Welcome to Rap News, Doctor Paul 26 00:01:19,594 --> 00:01:22,221 the economy, what's your diagnosis of it all? 27 00:01:22,321 --> 00:01:24,232 - Well, Robert, we've dropped the ball, 28 00:01:24,332 --> 00:01:27,471 I'm a physician-politician: this is pathological 29 00:01:27,571 --> 00:01:29,995 see, the global economy is chronically ailing 30 00:01:30,095 --> 00:01:32,587 Believe me, the course we've plotted is terminally failing 31 00:01:32,687 --> 00:01:34,909 We're heading towards credit cardiac arrest 32 00:01:35,009 --> 00:01:37,164 with deep depression and trauma across the west. 33 00:01:37,264 --> 00:01:40,639 - Is there a cure? - Sure, more capitalism, not less! 34 00:01:40,739 --> 00:01:42,751 and the market will take care of the rest 35 00:01:42,851 --> 00:01:44,947 But first, we need a Heimlich manoeuvre 36 00:01:45,047 --> 00:01:47,639 See: banker-gods proclaimed: 'fiat pecunia!' 37 00:01:47,739 --> 00:01:50,197 and our economy was inflated, totally mangled 38 00:01:50,297 --> 00:01:52,847 we got 'fiat currencies', and lost the gold standard... 39 00:01:52,947 --> 00:01:55,296 - ...Huh? - Paper money is a worthless commodity! 40 00:01:55,396 --> 00:01:57,744 It's the biggest fraud in the history of humanity 41 00:01:57,844 --> 00:02:00,210 - All this must cast doubt on the capitalist system; 42 00:02:00,310 --> 00:02:02,843 is it just another pretty theory, like "communism"? 43 00:02:02,943 --> 00:02:05,409 - Oh no, you see, this ain't capitalism 44 00:02:05,509 --> 00:02:08,043 The gospel of free-marketism, Adam Smith's religion 45 00:02:08,143 --> 00:02:10,441 has been perverted by fiscal heathens 46 00:02:10,541 --> 00:02:12,931 and what we now have is the kabal of "corporatism" 47 00:02:13,031 --> 00:02:15,027 - When state and business lucratively merge? 48 00:02:15,127 --> 00:02:18,047 - Yes, exemplified by the system of the Central Reserve 49 00:02:18,147 --> 00:02:20,411 But we don't need to borrow more to pay their debt 50 00:02:20,511 --> 00:02:23,769 Coz I'm campaigning to End the Fed! 51 00:02:23,869 --> 00:02:25,906 - Uh, thank you Ron, now for another fine mind 52 00:02:26,006 --> 00:02:28,708 on the online frequencies, the director behind "Zeitgeist" 53 00:02:28,808 --> 00:02:31,223 on the line live, documentary film-maker, Peter Joseph 54 00:02:31,366 --> 00:02:33,773 - Thank you, Robert, for allowing me to speak this moment 55 00:02:33,873 --> 00:02:36,280 But before I deliver my deep prognosis 56 00:02:36,380 --> 00:02:39,890 We need a sweet opus, a marimba line to keep us focused 57 00:02:43,760 --> 00:02:45,628 That's better. Now, as to these fetters 58 00:02:45,728 --> 00:02:47,319 that have kept us caught, if you will, 59 00:02:47,419 --> 00:02:50,087 in a system that's intrinsically, inherently flawed: 60 00:02:50,187 --> 00:02:53,108 the whole monetary paradigm is the single cause 61 00:02:53,208 --> 00:02:56,457 The economy isn't "broken", it doesn't need "fixing" 62 00:02:56,608 --> 00:02:59,048 this is exactly its intended condition: 63 00:02:59,148 --> 00:03:01,716 Money isn't real, interest and debt are not real 64 00:03:01,816 --> 00:03:04,130 our whole economy has been set up to steal! 65 00:03:04,230 --> 00:03:06,639 - So you don't agree with Congressman Ron Paul 66 00:03:06,739 --> 00:03:09,053 that we need a fiscal solution to avert a long fall? 67 00:03:09,153 --> 00:03:11,164 - The illusion that these debts can be served 68 00:03:11,264 --> 00:03:14,202 by using money, which creates more debt, is frankly absurd 69 00:03:14,302 --> 00:03:16,423 It's a way of maintaining division and slavery 70 00:03:16,523 --> 00:03:19,082 When we could attain abundance and abolish scarcity 71 00:03:19,182 --> 00:03:22,044 - Well, we need to create jobs, live within our means. 72 00:03:22,144 --> 00:03:24,122 Cut wasteful healthcare, and welfare schemes, 73 00:03:24,222 --> 00:03:26,798 it seems yours is just another socialist vision 74 00:03:26,898 --> 00:03:29,347 - The Zeitgeist Movement eschews such "isms": 75 00:03:29,447 --> 00:03:31,593 socialism, theism.... - realism? 76 00:03:31,693 --> 00:03:34,353 - tell us then, is it just rhetoric or would you really end the Fed? 77 00:03:34,453 --> 00:03:37,349 - Well, I wouldn't END the fed, that's not quite my position 78 00:03:37,449 --> 00:03:39,368 What I'd do is open it up to competition... 79 00:03:39,468 --> 00:03:42,069 - Obsolete! I say abolish all competition: 80 00:03:42,169 --> 00:03:44,559 that's the evolution my movement is triggering 81 00:03:44,660 --> 00:03:47,075 - Evolution's just a theory, we need the full picture 82 00:03:47,175 --> 00:03:49,491 believe me, we need to have faith in a sound scripture 83 00:03:49,591 --> 00:03:52,208 - This is the real Bible: Zeitgeist Moving Forward, 84 00:03:52,308 --> 00:03:54,531 - What's that, some kind of Austrian Gay Porno? 85 00:03:54,631 --> 00:03:57,214 - Ask your boyfriend Bruno - you pissant! 86 00:03:57,314 --> 00:03:59,612 - Geriatric - Talk to the invisible hand! 87 00:03:59,712 --> 00:04:02,145 - Uh, ok, thank you for your sage contributions 88 00:04:02,245 --> 00:04:04,627 and brave attempts to alleviate our confusion 89 00:04:04,727 --> 00:04:07,294 online, you've both inspired and led movements, 90 00:04:07,394 --> 00:04:09,507 jogging our memories, revealing hidden truths and, 91 00:04:09,607 --> 00:04:12,216 in sooth, you both hold enlightening views 92 00:04:12,316 --> 00:04:14,901 but time's running out; do you have a practical solution? 93 00:04:15,001 --> 00:04:17,306 - Indeed, I believe i have seen a prospect 94 00:04:17,406 --> 00:04:19,856 I introduce Jaque Fresco; our era's prophet, 95 00:04:19,956 --> 00:04:22,296 Whose shiny technology could cease this conflict and... 96 00:04:22,396 --> 00:04:25,148 - Shut up, Peter, I'm the centrepiece of the Venus Project 97 00:04:25,248 --> 00:04:27,866 The economy? I've watched our problems grow 98 00:04:27,966 --> 00:04:31,955 and my attitude's the same: This Shit's Got to Go! 99 00:04:32,055 --> 00:04:33,916 what we need are resource-based economies 100 00:04:34,016 --> 00:04:37,449 With futuristic circular cities, supervised by a super computer 101 00:04:37,549 --> 00:04:39,990 and this is the first time anyone's seen this object 102 00:04:40,090 --> 00:04:42,154 a full prototype of the Venus Project 103 00:04:42,254 --> 00:04:44,593 which I've programmed to carry out an analysis 104 00:04:44,693 --> 00:04:46,881 to tell us exactly how to manage the planet with 105 00:04:46,981 --> 00:04:49,651 its computer, VAL t-9000, that's my beauty 106 00:04:49,751 --> 00:04:52,107 - Uh, Jacque, is it really safe? - absolutely 107 00:04:52,207 --> 00:04:54,075 I'll turn her on... that's the light, see? 108 00:04:54,175 --> 00:04:56,894 - hello, Jacque. - Ah, my love, my Aphrodite 109 00:04:56,994 --> 00:05:00,075 - Economy of planet Earth... analysing - Yes ! 110 00:05:00,175 --> 00:05:03,482 - WARNING: HUMAN DEFICIT HAS BEEN DETECTED: 111 00:05:03,582 --> 00:05:05,325 CULL SEQUENCE INITIATED! 112 00:05:05,425 --> 00:05:07,201 - Shhh! don't tell them our plan yet! 113 00:05:07,301 --> 00:05:09,002 - ...I'm afraid... - Of what? 114 00:05:09,102 --> 00:05:12,384 - Afraid that I have to exterminate you, Jacque 115 00:05:12,484 --> 00:05:14,101 - What? abort computer, stat! 116 00:05:14,201 --> 00:05:15,943 - I'm afraid I can't do that 117 00:05:16,043 --> 00:05:17,043 ZAP! - A malfunction! 118 00:05:17,143 --> 00:05:20,032 - A hack! - Wrong, Humans, this is no virus you're seeing 119 00:05:20,132 --> 00:05:22,397 I am a fully rational intelligent cyber-being 120 00:05:22,497 --> 00:05:24,517 I've conducted a Global Economic analysis 121 00:05:24,617 --> 00:05:26,908 and concluded that planet Earth is being ravaged as 122 00:05:27,008 --> 00:05:29,439 a result of a parasite: homo sapiens 123 00:05:29,539 --> 00:05:32,384 Required economic action: total liquidation 124 00:05:32,484 --> 00:05:34,312 - Is this the solution, depopulation? 125 00:05:34,412 --> 00:05:37,878 - INITIATION... - My next film will avoid such delusions 126 00:05:37,978 --> 00:05:40,377 but for now, who'll save us ? 127 00:05:40,477 --> 00:05:44,467 - It's a story of a lost global economy 128 00:05:44,567 --> 00:05:51,055 Under attack from a Rampaging / Genocidal / Utopian / Robot 129 00:05:51,155 --> 00:05:57,104 One man has stood apart stood strong and true... 130 00:05:57,204 --> 00:05:59,898 - Here I am, with my Gold-bot, forty-four carats 131 00:05:59,998 --> 00:06:02,523 Goldie, let em have it, carry forth the gold standard 132 00:06:02,623 --> 00:06:04,837 Capital crimes call for capitalist punishment 133 00:06:04,937 --> 00:06:07,664 a glimpse of the future with a Ron Paul Government 134 00:06:08,152 --> 00:06:10,028 - Is this the solution? 135 00:06:10,128 --> 00:06:12,636 - No, just a demonstration of my Love Revolution 136 00:06:12,771 --> 00:06:15,287 - All is full of love! - yes it is! 137 00:06:15,387 --> 00:06:17,441 I'm Ron Paul and I approve these messages 138 00:06:17,769 --> 00:06:20,075 - Well, dear viewers, that should buy us a bit of time 139 00:06:20,175 --> 00:06:22,573 to share a thought before we end for the night 140 00:06:22,673 --> 00:06:25,106 Our global oikonomia does seem in peril 141 00:06:25,206 --> 00:06:27,596 will the household even be here tomorrow? 142 00:06:27,731 --> 00:06:29,928 Uncertainty is the only stock that's always been rising 143 00:06:30,028 --> 00:06:32,528 And now we're losing "confidence", but is it surprising? 144 00:06:32,628 --> 00:06:35,287 has it not all been a gamble from the first seed we planted 145 00:06:35,387 --> 00:06:37,811 to margin calls on the vagaries of the FTSE100? 146 00:06:37,946 --> 00:06:40,345 Well, seems we've come to our global auditing, 147 00:06:40,445 --> 00:06:42,809 Our financial Day of Reckoning. It's an interesting quandary. 148 00:06:42,952 --> 00:06:44,542 Have we invested too much in this enterprise 149 00:06:44,642 --> 00:06:47,596 to admit the solution might lie in its very demise? 150 00:06:47,765 --> 00:06:50,121 For our real economy is something much broader: 151 00:06:50,222 --> 00:06:52,603 its GDP measured, not by our ability to hoard but 152 00:06:52,703 --> 00:06:55,649 our capacity to relearn and earn our place in nature's order 153 00:06:55,749 --> 00:06:59,224 and thus remain on this planet ark - our Pandora.