A bit but another country would have dropped by considerably more the net result is now the goal of the globe is their debt to g. D. P. For planet earth is approaching 350 percent well some say that the Us Dollars Bank backed by oil so it always has been backed by something hard. It was liquid oil the other thing that were seeing however is as Michael Hudson dr Michael Hudson an economist who used to work at chase manhattan and when he wrote his ph d. He told us that you know he he told his bank and he told his professors that actually unlike what you say banks dont actually lend to businesses they lend for mortgages so our entire economy our time Financial System everything is backed by mortgages so were going to get to that because this is. Remember when during the french revolution we had the currency backed by a property of the confiscated Catholic Church properties so what do we have there but hyperinflation as people demanded the prices keep on going up right well here we have de
Its worth the risk of a recession to get a big deal done out of control, Jeffrey Gundlach has strong words ahead of this weeks big jackson hole symposium and then tech under fire as well it is wednesday august 21st and Worldwide Exchange begins right now. Good morning here is how your money and the Global Markets are up, the dow will open up around 140 points the s p by about 17 and the nasdaq by around 63. We could get back most of what we lost yesterday. This after the dow and the s p snapped three day win streaks. The nasdaq coming off its first down day in three. The bond market certainly a key focus as well. And the current yield floating below 1. 56 . 1. 59 the last trade there, 1. 539 if you take a look at that yield, its maybe just a bit wider than it was over the course of the past couple of weeks. It is the president front and Center Taking on everything from trade war to the fed to the state of the u. S. Economy. Nbcs tracie potts joins us now from washington. So tracy we ca
The Administration Made a big move on huawei with Edward Lawrence covering it from the white house. Reporter President Trump is not ready to make a deal with china. Every countermove or every move to increase pressure on chinese, are met by countermove by the chinese who have not backed off, or come back to the table, when china had stimulus for its companies and economy, white house announced 90 days for companies to stop selling to huawei. The news heard on mornings with maria. It is another 90 days for the u. S. Telecom companies, some of the rural companies are dependent on huawei. So were giving them a little time to wean themselves off but there are no specific licenses being granted for anything. Okay. Reporter this is relief chinese were looking for, they said u. S. Should allow huawei to continue to do business with u. S. Companies. The they are looking for chinese to reverse course to buy agriculture from the United States. This delay comes as tim cook, the apple ceo, met wit
Hi there im max kaiser this is the kaiser report. A lot of people talk about ponzi scams but do people really know what a ponzi scheme is stacy well of course weve been talking about ponzi schemes because he cant taper a ponzi and that was attempted over the past year with quantitative tightening in Interest Rates rising obviously that has all fallen apart especially in europe where we have 15 trillion and negative yielding debt and went up by over 600000000000 and one day just in the past week and now i want to look at a headline about the unthinkable becoming thinkable of course its always been think about here in keizer report we always think outside the box but here in the Mainstream Media theyre saying could treasury yields ever fall into negative territory and vespers are wondering whether u. S. Treasury yields might follow the trend witnessed in germany or other sovereign markets and eventually fall into negative territory the unthinkable is now thinkable of course this is the g
To the Police Officer in the law. Why did you decide to come back after you went south . Ever been . Is a little bit to the site to boat. No house. It doesnt matter what it is. For now, is this the bakery in line to actually be able to vice bread . This has been sadly, has been, is displaced just full of troubles. You can literally just street the city is really worth the i see it for me, emily, im going to people and pallet the the challenges here with the every its a multi 1000000000. 00 price, each of organized crime pumped into the global economy. A turn to the money thats known to through the Banking System to disguise its origins. So how is it done . Came to find out 2 journalists began to investigate the man allegedly involved in hiding devoss profit. Sophia, tell in mass. Yeah, but as this remarkable free episode report reveals little in this complex and secretive world is quite what it seems. The the utility is the Perfect Place to be an investigative journalist. Its, its comp