RAP NEWS episode 9. 2011 hits harder than a pre-apocalyptic hangover as "the economy" threatens to annihilate our stock-piles of imaginary, inflated wealth, spawning a battle of epic proportions as insurgent grassroots forces move in to #OccupywallStreet and coalitions of indignados hold their ground in Athens, Madrid and Tel Aviv; facing up to the riotgear, batons and tazers that stand between them and a more equal redistribution of the proverbial pie. ...But enough action and excitement! It's time for some heroic armchair philosophy: Join your affable host, Robert Foster as he attempts to shine some light on this mysterious creature, "the economy". Is this the failure of capitalism that we are witnessing, or its triumph? Is it the end of the end of history, or yet another crazy chapter in the whimsical journey of the human experiment?
Postscript: For the occasion, we've pulled out the big guns: admittedly it was a tough choice deciding who to interview: we could've had Alan Greenspan on the show, or the Emperor himself, Milton Friedman; the first lady, Christine Lagarde; or financial buffs like Gerald Celente, Peter Schiff and Donald Trump. But to get the freshest juice we knew we had to go further - much further. Rap News 9 features two VIP Internet grandees who have uploaded gigabytes of juice via the one remaining free frequency to feed a discerning and ravenous audience, thirsty for answers. Whilst these two fine folk agree with each other on many things, fortunately, there's no shortage of issues to rap-battle about. Well, time's short - so let the rhyme-rodeo begin as we blast off on a rollercoaster odyssey. It's the stupid Economy, in all its gory glory.
Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next deacde...short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.
Stephen Colbert hosted a pretty awesome 'debate' between Ron Paul, who is a strong proponent of returning the country to the Gold Standard and the NYT's David Leonhardt who thinks things are fine the way they are. Wondering why people are getting their news from Comedy Central? This is a pretty good example.
David Leonhardt: The problem is not inflation, the problem is too weak an economy...If given the choice would you rather take my gold wedding ring or a million dollars in paper money?
Ron Paul: The question is would you rather put $10,000 in a box for 20 years or a few gold coins...The Fed Reserve has destroyed 98% of the purchasing power of the dollar since 1913 an in the meantime they have financed every war they couldn't have financed if they were on the gold standard.
Colbert:: Dave, do you want some ice for that burn? Also: The gold standard will create jobs...we'll need to hire tailors to reinforce our pockets.
Thank you and Wake Up.rnrnThe film clip is from the 1981 film called Roll Over. Get out your popcorn mates, it's show time.rnrnThe plot is: An Arab oil organization devises a plan to wreck the world economy in order to cause anarchy and chaos.rnrnhttp://www.imdb.com/title/tt0083006/