In the media and the several media reports mention a total of at least 55000000000. 00 euros oil. The highest of the century. Tax tricks cost authorities billions. The government is covering up its own failures. It may be the biggest tax scandal in german history for years a cascade of revenue flowed unhindered from state coffers exits just perfect the become ex is the perfect crime of this for no and it didnt happen with a pistol and a schema but with a pinstripe suit and a tie. Banks and investors took advantage of the law. There was never a loophole it simply theft. The players big banks and super rich investors. Only i was able to help clarify a very complex. Sure. What that the politicians know. Is the point comics are the state failed blatantly house. Fallout from the scandal kept coming. Since i couldnt have imagined what would happen what we dont cover. In the end the main victim was the taxpayer but how did the finance sectors conjuring trick work was there a legal loophole or
Been defying pandemic restrictions to take part in knightly march as a court ruling last week a banned abortions in cases where the fetus has congenital defects. And police in france have arrested a 2nd suspect over the knife attack at the basilica in nice that left 3 people dead and security has been increased across france after the 3rd is the most attack in 2 months interior minister is warning about more militant attacks are likely. This is d. W. News from berlin follow us on twitter and instagram at studio use or visit our website dot com. For. More on the all. Greetings from berlin the looming lockdown for germany in november is still a hot button topic for public debate particularly with regard to its impact on the cultural scene also coming up. German composer khan performs one of the last concerts in berlin before the coming lockdown and celebrates the high point of his career so far. And after nearly a decade of delays the new Berlin Brandenburg International airport is poise
Hello there im max kaiser this is the kaiser report yes were still in paris oh my love for all things stacey just grows by the minute every time im here in the city of lights stacey and the city of love its called re well you know what while weve been here there has been a new fascinating term used for what youve called financial terrorists and it used to be called financial repression remember all these low res declining rates negative rates quantitative easing was considered financial repression it was repressing all throughout the at qana me for the better of the whole economy well here is a phrase financial vandals and its an interesting one pension world reels from financial bendel ism of falling yields and they speak to mark doubting the chief Investment Officer at blue Bay Asset Management he has he has pension fund mandates and he says about these ever declining rates that quote the true badness is Pension Funds being forced to invest and assets which will be guaranteed to lose
Website. Coming up next. Hello there im max kaiser this is the kaiser report yes were still in paris oh my love for all things stacey just grows by the minute every time im here in the city of lights stacey and the city of love its called re well you know it while weve been here there has been a new fascinating term used for what youve called financial terrorist and it used to be called financial repression remember all these low res declining rates negative rates quantitative easing was considered financial repression it was repressing all throughout the at qana me for the better of the whole economy well here is a phrase financial vandals and its an interesting one pension world reels from financial bendel ism of falling yields and they speak to mark doubting the chief Investment Officer at blue Bay Asset Management he has he has pension fund mandates and he says about these ever declining rates that quote the true badness is Pension Funds being forced to invest and assets which will
Economy is earnings go to the top 110th of one percent now i have often used the phrase financial terrorism that will probably become in vogue in the next 6 to 12 months weve said that we have a global empire of debt and that is its currency its a us dollar since 1701. 00 weve had no gold backed global unit of account to spend the u. S. Dollar and nobody knows how much they print we cant ever really know how much they print it does give them an exorbitant privilege and weve talked about this being a period similar to previous periods in history or an empire that begins to decline it always happens as hemingway might say slowly and then all of a sudden its just its seems to be coming all of the sudden recently that the empire is like noticeably declining when you have the likes of mark carney saying this to a meeting of central bankers m. R. Carney the head of the bank of england saying this to. Other central bankers and jackson hole i was in close enough when he says that so here vanda