Please move the question to Products. "Community" here referes to the Marketo Nation website itself -- and yes, this is very confusing.
You can use the REST API Activities endpoint to export the consolidated activity log yes... see the docs.
We have faced these issues with many of our clients. The challenge is that Marketo Activity data is very bulky that there is no out of the box way to do this. The solution is, we can export all the Marketo activity data using the Marketo API, however, if you are trying to pull out all of it at once the Marketo API will time out. For such cases, we have developed a tool which will fetch the historical data in small packets and store it in a database. After we have fetched all the historical data, we can just add to it incrementally every few hours to keep it updated.
Hope this will help.
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There's no such thing as "all at once" with the Activity API. Data always needs to be fetched in batches, starting from checkpoints.