400000000000. 00 based on one guy got his team of engineers its not all that other stuff is this one guy so you know you dont have to manufacture something to be worth tens of billions or hundreds of millions of dollars right well how to get the valuation you get by multiplication of stock price times current number of shares outstanding and if you have knowledge on how to buy back your own stock and pump up those stock prices and executive Stock Options then you have a hierarchy where you actually didnt create anything for the economy you didnt engage in any capital expense expenditures a cap ex to expand your company in any way then what will happen is what will happen the i. B. M. You know they want to the whole stock buyback routine then eventually it played out in the companies a shambles or General Electric General Electric is almost absolutely out of business by trying to push me a miss instead. Products well find out one day if theres any if the fact that theres no there there
Current number of shares outstanding and if you have knowledge on how to buy back your own stock and pump up those stock prices and executive Stock Options then you have a hierarchy where you actually didnt create anything for the economy you didnt engage in any capital expense expenditures a cap ex to expand your company in any way then whatll happen is will happen in the i. B. M. You know they went through the whole stock buyback routine then eventually it played out and the Car Companies a shambles or General Electric General Electric is almost absolutely out of business by trying to push me amos instead of products well find out one day if theres any if the fact that theres no there there matters that all its also coincides 1975 we had only been off the Gold Standard for a few years so the Global Economy and global trade used to have more there there because if you sent us your oil or you sent us your manufactured good you got gold back in return now you can. A fluffy paper that co
A i have no idea why he did that in a british accent it was in fact a french guy pinto who receive that money are are no that was kind of the peak of that era so here we have this Great Depression looking numbers and the unemployment numbers and bank of america sees 15. 6 percent unemployment so that that system is looking degraded and sick and in fact sick isnt the 1st words here of this tweet does this chart make anyone else sick fed Balance Sheet rockets up corporate earnings going straight down further evidence we dont live in a Capitalistic Society at last for decades of extreme leverage to conceal declining productivity to enrich a small elite on full display so as weve been covering here on the ties reports earnings have been declining for years now but to spend made up for by on the one hand stock buybacks where the shareholders are losing basically in the. Company is losing because its losing its cast its axis of cash its taking its cast off its Balance Sheet and turning it in
The past 6 months since the fed started inter intervening in the repo market and then we got hit by a pandemic and now we have mass unemployment and things like that thats the fear system leaving and this is the the hardening system the hard money system and touring and to join us through this time we have gear mo who we met in mexico city said am ex say he was so wise and he told us about hard money so hes actually pretty hard if you pick him up its really hard unlike plucky who eat took with us through the central banking field ideas quarantining hes quarantining but hes really floppy you know he can barely hold the worlds most famous central banker hes the most famous central banker but this is hard money era so we have a stone cold headed just like your jacket weve been signaling this so we have to join us to talk about braced for the deepest recession on record says bank of america analysts as jobless claims surge to 6600000. 00 they believe that Unemployment Rate is going to go t
With your next news update join him and tide you over until then there is the cause report. Sure this is the kaiser report you know of open court adoptions driven by banks failing and countries failing and now in lebanon theyve got a huge crisis and of course big clients come to the rescue stacey max were going to get into lebanon but 1st i want to have some show notes here we are still in los angeles it is the busy suburbs where they did film brady bunch so you have a lot of leaf blowers you do have garbage man you have all sorts of stuff and we have flights going overhead as people are trying to flee the coronavirus apocalypse were also going to try to flee the coronavirus apocalypse and so you may see us recording soon from home because if we cant get out if everybody is quarantined it could be a situation where were just like Live Streaming on periscope for the show for the future cool heres an headline from lebanon that happened in the past week and a half while the markets were t