By this because heres what were learning today today new report fresh off the press right so grocery prices are increasing and i mean in a big way theyre showing their biggest monthly increase in nearly 50 years last month this is according to the bureau of labor statistics in the United States government biggest jump meat and eggs youre now paying 4. 3 percent more for meat megs all in one month by the way imagine how much higher it could still get by the way youre going to be paying 1. 5 percent more for fruit and vegetables and 2. 9 percent more for cereals and breads just on average you want to talk jobs lets talk jobs new study there too this comes out of Stanford University it says that of all the people who have lost their jobs in the United States so far 60 percent of those are going to get their jobs back conversely 40 percent are not. Going to get their jobs back thats a big nut right now this is based on whats happened historically during recessions and its about a month long study that they have done now lets look at the macro side to this story and by that i mean all the free money that is being thrown into the system by governments and Central Banks all over the world in the United StatesInterest Rates have been essentially cut to 0. Which is by the way really good for banks and really good for corporations right but maybe not so good for a family trying to save up now lets talk about the stimulus or the recovery money or the bailout or whatever you want to call it. Its at the point now where its almost hard to keep track of but the number the consensus the general consensus on the number thats being used for how much money has been thrown into the system as a result of what were going through somewhere around 5 trillion dollars and theres talk it could still go up based on some of the things that theyre discussing in Congress Even just today up to about 8 trillion dollars right same thing happening all over the world india just this morning announced its unveiled a new massive stimulus saw package on top of the one theyd already announced this was a 266000000000. 00 they say thats about 10 percent of their g. D. P. They call it. Economic assistance but it leaves you asking right for whom right about germany another big story going on right now its taking place in germany and this is interesting because there is a constitutional dispute right now in germany where the courts are questioning the european Central Banks right right there right to simply print money as part of their q e without explaining it to german citizens who are going to be negatively affect that right for example german savers who are saying yeah we agree with this they should question that because they say theyre now going to have to pay the bank just to be able to hold their money and you have to ask yourself well is that fair right so suddenly for the 1st time were starting to see pushback against these Central Banks and by the way theres also. Theres also another looming question when it comes to this issue that may also be screwing over the average worker and its this what i just described when the market is flooded with money when real wages and jobs go down while the prices of goods goes up. Folks what youve got almost by definition this is inflation. Is that where were headed maybe even in a real big way were going to talk some experts right here there is rick sanchez where we believe. Its time to do news again. And heres a list of the questions we think youll be asking to borrow bailouts stimulus has fewer jobs what is it all leading to why is joe bidens name appearing on an essay list about Michael Flynn weve got breaking news on that one and why are advertisers fleeing cable and network t. V. When ratings are up. Lets begin with the latest on what is developing as the 1st brewing battle between regular folks citizens and that vaulted yet magical and mysterious and to be known as the Central Banks you know the people who can create money. Out of thin air in germany courts as i mentioned are pushing back against the central bank the European Central bank by the way in the name of citizens they argue dont have enough of a say so lets start there shall we but our correspondent reporting from berlin here is our tease peter all over. The coronavirus pandemic is putting pressures and strains on many relationships one of those thats feeling the pinch its not between brussels and when it comes to financial sharing in the euro so. Called european Central Banks. Would need to prove it was fit for purpose the single currency slot used to call them because to. Commission boss didnt like. The recent ruling of the German Constitutional Court to put under the spotlight is of the European Union the euro system and the European Legal system the final word in e. U. Law hes always spoken in luxembourg nowhere else with their well not quite a statement from a sort of on the line gave those that will be vying for the job of german chancellor next year when angle of merkel calls it a day and opportunity to show just how tough they are mistaken from the u. Commission in particular that bar the european law all this takes precedence over national law especially in such a conditional form is simply not accurate chancellor merkel selfless and that kind of reasoning being a fiscal helping hand to corona should rely on existing other news like the european stability mechanism the despite the view its a slap in the face by Member States like. Crippling austerity that was forced. To self help there also voices in germany including doubts of president of the book of the stagg unfold the finance minister. Saying perhaps this isnt the economic elite should insist on dying on and that this whole lot of comment puts more that National Pride at risk may well be that the existence of the euro is now also questioned in other e. U. Member states because every national Constitutional Court can judge for itself make no bones about it eurozone economy sick going to need some serious financial help not only in a post corona world but in the immediate schulze in media as well in order to get that help in a way they see the likes of italy and spain and in brussels im going to have to stop playing my coal spigot that your colts which doesnt look likely any time soon. See. A fascinating story here joining us now to discuss this is former british m. P. George galloway also another george is the george show George Gavin Newsom investor and expert i mean economy with a very large following by the way on social media especially on you tube. Check him out galloway im going to begin with you youre in europe its finally happening hah the masses are pushing back against the all powerful Central Banks what do you make of the. Well this is really about germany not being prepared to shoulder a disproportionate barred from the media. And of course longer. Devastation caused by the coronavirus this is. It its a battle between the. Government and the national European Union. Its one of the good reasons for leaving the european. Im glad to say we decided to do we need to get out the end of the year or well be left to shoulder. The overarching point is one that im sure george will have a lot to say a boat which is how does it translate printing money giving it to banks on main street wall street fighting this fight and they are brimming over with money but how does that get down to those small. The Small Businessman business woman on the war the front how does it get the house put into as you put it back to painting houses how does it get the butcher shop. These are really very tricky questions if youre going to avoid not just inflation but stagflation which is a real danger here with slumping jobs disappearing and yet lots of money arrived it sounds like. Your side of the court there george gavin pick it up for us will you what do you make of that and by the way let me just share something with my audience one of the very 1st persons that i heard publicly talk about inflation and this is like 2 months ago is gamma he was a 1st one on his show you to take us through what was going to happen i mean it sounds like is this what you were talking about what i was just explaining this morning that the bureau of labor statistics put up. Yeah i did i saw your segment just before we came on where you talk about food prices i was referring to that as well but going back to what george says i think you make some fantastic points so how is this money supposed to get to the average joe and jane on the street and i think theres going to be a big problem with that the main reason is because the fed has kept Interest Rates artificially low at the long end of the yield curve so since the yield curve is very. Flat it doesnt create a big incentive for banks to lend into main street because they borrow short they lend long so theres not much of a spread there they cant make much money with Retail Banking so what do they do they look at the collateral that these people are bringing to them the potential borrowers lets say. And youve got the corporate bailouts youve got the stock market bailout youve got wall street being bailed out youve got the billionaires being bailed out so if youre a bank youre saying well who would i rather lend to someone on main street or would i rather lend to a billionaire or corporation or someone has collateral in the stock market that i know the fed is going to backstop with all of this money printing so when you incentivize the Banking System and you you create this structure where they cant make money by lending to the average joe and jane but they can make a lot more money with a lot more risk or with a lot less risk excuse me by lending to these big corporations thats why the money will never get down to the people who actually need it so what happens that i mean if that continues and for how long what eventually happens to the system and what at what point can quote the terms we were using before the housepainter trying to start a Small Business finally break through. Them and while i dont yeah i dont think theyre going to get too much of a loan i think they might be able to get some sort of some form of assistance with the light u. B. I. Or helicopter money and empty whatever you want to call it the allow them to buy the staples the groceries but unfortunately then you get yourself into a situation where were reducing the amount of supply the supply of goods and services is shrinking because more businesses arent creating more jobs and if you get the supply shrinking while the same time you have more money going to those same goods and services you have an increase of inflation in that segment so what that means is you have de flay ssion in prices of things where you need credit so car loans maybe maybe homes but then the price of food the price of energy long term continues to rise what do you make of that george galloway. Well a lot of for me helicopter money is the most effective way to give directly to jewel and jane because theyll definitely spend it theyll spend locally on local goods and Services Whats happening instead is the money is going to the bank says george hamon just brilliantly explained and those bikes are giving it to people whove already got plenty and or more adding to the porches seeing power going into the economy theres one caveat though that maybe george can comment on of weve got time the q. E. That weve had since 2008 has not led to inflation for strength in theory if you print money then youre going to get inflation that was in the lock to both law until know how doesnt happen can practice. The q. E. Can become very addictive gammon could you do that in 20 seconds. Sure well the reason we didnt get inflation is because the only thing they printed was Bank Reserves that stayed in the financial economy it didnt get into the real economy so now what were talking about helicopter money is money getting into the real a system circulating with the velocity well the same time the amount of goods and services shrinks theres thats where you get the inflation that i think will actually challenge your productive if youre looking to try to help the average joe and jane you cant say we dont have smart people here on this newscast to bring you developments of whats going on in the world my thanks to both georges gentlemen look forward to seeing you again very soon. And there is some breaking news thats coming into us now this one having to do with the case of Michael Flynn and what some particular members of the Obama White House knew or did not know susan is rick sanchez and youre watching our special coverage of were going to be right back. We go to work so you straight home. During the vietnam war u. S. Forces also bombs neighbor unless there was a secret war and for years the American People did not know. Laughs well my son is officially the mouth can rebound country per capita all Human History millions of unexploded bombs still in danger lives in this Small Agricultural country Jordyn Wieber went on a canal its happening. Even today kids in laos full victim to bombs dropped decades ago is the us making amends for that tragedy in laos what help to the people need in that little land of mines. You cannot be both with the yeah you would. Join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics sports business im show business ill see you then. We will go back over to ensure as we get some breaking news coming in right now in the case of Michael Fletcher and a newly published report lists the people many in the Obama White House who are looking at the National Security agencys records of Michael Flynn the record suggest that among those on the list are president obamas chief of staff and Vice President joe biden himself joining us now to discuss the story is our conservative spokesman and c. E. O. Of american majority ned ryan along with our host of news news use Scottie Hughes scotty lets get started with you can you try and explain to our audience the significance of this development. When rick we told you this is coming yesterday here in the news of her changes are now does happen to get this show thats been looking into Michael Flynn our intelligence agencies are looking at my concern and even before we thought that this conversation that happened between him bassett or strip is strictly accurate on december 28th they were all really you know back in their lives or been for 30 years i want. Not just agents that were asking for this to be matched they were politicians which raises questions in mind some sense of action that would be requested by so many and why he. President aristides the ultimate question right now need to be answered did biden abuse howards to do with it. You know Election Year right now between the 2 candidates because somebody needs to be a med what about those who are going to delineate between whatever it is they were looking for in the Obama White House and what the Justice Department or the investigators say they have at. Really found in other words putting it perhaps more simply yeah we were looking into it at the time didnt find anything but eventually somebody did what are you going to say if they argued. That it was a witch it was a witch hunt rick i mean come on they were targeting flour my theory has been this we all knew this was going to eventually end up in obamas west wing we know that a lot of people are involved and denied it i mean biden denied that he was in some of these meetings we now know he was lying about it he denied that he knew anything really about the flood investigation we now know he was lying about that as well my question is really what did biden know when did he know and what else was he lying about i think the thing rick thats going to be editing is were seeing more and more information come out about this whats going to be the next shoe to drop bar and are determined i think to get this investigation done before the elections in november because i think theyre operating under the assumption that might not be reelected so theyre operating off a 5 month timeline i think youre going to see more stuff coming out in June July August and my question is if youre seeing a high ranking Obama Administration officials being indicted what is the impact on the election and whats the impact on joe biden when more and more people start to understand he was not only aware of it he was eyeball deep in it as well what do you make what do you guys make of this judge emmitt g. Sullivan the d. C. District here hes saying in fact that hes going to hear arguments against dismissing the case as recommended by bill barr what do you make of that either one of you please jump in if you want to start. I think at some point judge sullivan is going to have to finally drop this and realize i mean the d. O. J. Has dropped the case mike flay and rick the thing that people have to understand when when the government and the d. O. J. Roll against you theres really nothing you can do and they were determined to go after my client on really no charges at all and he pled guilty to save his son i mean literally they were threatening to pursue his son he pled guilty to get them off the back of his saw and at some point this was completely baseless on any point judge sullivan is going to have to drop this i think hes just stretching it out because for whatever reason but theres no basis for this the d. O. J. Has asked to drop this case i think is going to have to at some point be about 20 seconds but you get i want to give you the last one i dont. Actually know you go back to the timing of this why did you get 3 years. Actually just an acting secretary right. Out of all of these documents were there why havent we not been able to investigate the past 3 years. How many were ministration and you heard it sweetie i have been to. Be the thing its charged with. The conversation thanks so much. Like your wonderful might appreciate it even though more people are stuck at home with little to do but stare at their t. V. The ratings are at a record high for just about any show you put on t. V. These days people are stuck at home advertisers are not biting partly because Many Companies dont want to spend right now because they dont have the revenues probably because sports is off the air and thats where most people put a lot of their money but also because streaming is replacing cable and network t. V. And thats why the bodies are down how much sales could be down as much as 10000000000. 00 in just the 1st half of this year the story 1st appeared in the Los Angeles Times here with more is our l. A. Correspondent natasha so. Some of the biggest advertisers for Television Networks are cutting their existing deals pepsi General MotorsDominos PizzaGeneral Mills are just some of the Major Companies looking to take advantage of an out in their contracts as of may 1st companies have the option of canceling up to 50 percent of their 3rd quarter ad revenue spending and now ad buyers are estimating that up to 1500000000. 00 in commitments could in fact be cancelled insiders say this out if you will has always been in contracts but taking advantage of it is almost unheard of but the future of the pandemic unknown owners of the Major Networks are concerned over what the future could look like all the revenue for long term ads are down the last minute opportunity buy in when Companies Purchase ads closer to the air date is also reportedly low by a c. B. S. Chief executive bob baucus calling Quarterly Earnings on a call this week quote not pretty amc networks caution an ad revenue could drop about 30 percent but its not to see these companies in key and categories like automotive pharmaceutical food and beverage arent spending some are taking their business elsewhere like facebook and google mexican food chain to pull a is just one of many looking to shift their ad dollars into streaming videos on social media chris brandt to police chief marketing officer saying weve seen a lot of great returns with facebook and instagram serial jayanta General Mills also transferring some of their t. V. Advertising investments into digital video and ecommerce well some of these Companies Set up their ad contracts with networks well in advance its certainly not business as usual during this pandemic as of right now fox is the only Major Network to release its fall lineup the future of ad spending could decline or shipped all depending on how the economy reacts to the effects from the coronavirus reporting for the news with Rick Sanchez Natasha sweets. Joining us here. You know these things. Oh yeah and theres an ad that we can report today and the ad is coming from the world of the p. G. A. Tour so golf yes of golf with your favorites i know you could see i think we will have to watch it but to play it but at least its a live sport going to happen june 11th now in Fort Worth Texas with the challenges the next when theyre trying to resume now there was a 37 page memo sent out today by the p. G. A. Tour outlining the guidelines and its involves very extensive testing of course like were seeing the same blueprint as that you have to see for example extensive testing a very limited restricted access of course no fans and there are the 1st 4 events of the tour that theyre planning to do will have no spectators of course and there will be really tight access between even the player and caddie so lets go through some of these health and safety protocols not the whole 37 pages but i outlined a few of the key points here either way i guarantee you even before you tell me 98 percent of our margins common sense yes bugs all make out while youre playing god thats part of it the caddy and players cannot. Make out any more. Whos going to talk to each other and go very well but he really saw right off as one of the more realistic realistic ones of course but allowed to attend now aside from the players in the caddies now the p. G. A. Tour staff including the rules and scoring officials Security LimitedMedia Trainers coaches etc now not allowed managers agents of fame family members not allowed on the grounds at all so then well go to the Safety Equipment now this is a big one now the p. G. A. Tour will provide of course the face covers mass disinfectant wipes for all the players caddies and will cover the costs of the test for players nobody knows what but if you call it and youre not telling me players have to wear a mask to play they have to wear a mask when they are on the course players and kidding me they are providing theyre providing it this is what out of this mess way theyre providing it that doesnt mean its mandatory to wear them it doesnt say theyre its mandatory to wear them it didnt say it was mandatory in the memo but they said i will be providing rice covers and asked when youre going around people who maybe you should but when youre out of the middle of the court by yourself why in the hell would you wear a mask right when the u. F. C. We. The fighters they were going to ask the ref was not a match but everybody else around the octagon was so you might say the same thing but with the media around the coaches trainers who i think about you understand my feeling is right that we will see p. G. A. Tour officials were not maybe not the maybe not right or well no no no no i understand that but theyre not going to say you cannot swing a golf club unless you are about maybe in the going to shot penalty right or in clubhouse Common Grounds when theyre not on the court ok but then we have a chart of chartered travels a big one now that they will be now the p. G. A. Tour providing these chartered flights from each tournament site to the next but the both those flights that require to have caddies submit testing on the players 24 hours prior to departure so if you test negative of course you can board but if you test positive you can and then how the players internet interact with the caddies this is a big one as weve talked about in the beginning now theyll still be ropes playing inside the ropes even though theres no fans there but the players and caddies will be encouraged to take part in social distancing and the players will remove the golf clubs and the balls from the hole the caddies will be touching it all there will only be able to tend to the flag sticks and break the buggers and no kissing on the lips no kissing the. Players. I love you steve you too thats our News Coverage with. You thank you thank you to do it if you. Want to. Good to see you can. You think you through the total pollution of my man come dont you for me my feelings for to do you know for. The place and put it off like nothing. Is your media a reflection of reality. In a world transformed. What will make you feel safe. Isolation for community. Are you going the right way right you being led so. What is true what is faith. In a world corrupted you need to descend. To join us in the depths. Or im a going to shallowness. Welcome to the like simon chill from stricken album didnt show up today we go forth on the force the state and the Coronavirus Crisis how have the media reported on the greatest Health Crisis from essential on both sides of the atlantic today we asked to talk commentators one from the left and one from the right to give us their analysis of how the Health Crisis is being examined and what will the political phone