Mentioned that in the last episode and he was so prescient about this pandemic situation when he predicted sort of a pandemic basically that negative rates were signaling that he predicted that last june or july he says i think we have just witnessed the end of the petrodollar system non us countries will soon see a new unit of account medium of exchange and store of value a new Bretton Woods that will not be decided in america or by americans right well all the key players necessary for that are involved right now saudi arabia russia states so the petro dollar of course was established in the early 1907 days with america and saudi arabia when america defaulted on its sovereign debt remember Richard Nixon defaulted on the dollar default on the treasury market and we went on the petro Dollar Standard because america had to close the gold window could no longer fulfill its obligations to. Its creditors this was the beginning of the petrodollar era and the beginning of all things everywhe
System non us countries will soon see a new unit of account medium of exchange and store of value a new Bretton Woods that will not be decided in america or by americans right well all the key players necessary for that are involved right now saudi arabia russia states so the petro dollar of course was established in the early 1907 days with america and saudi arabia when america defaulted on its sovereign debt remember Richard Nixon defaulted on the dollar default on the treasury market and we went on the petro Dollar Standard because america had to close the gold window could no longer fulfill its obligations to its creditors this was the beginning of the petrodollar era and the beginning of all things everywhere are being priced in dollars oil is being priced in dollars all commodities are priced in dollars i gave america the us empire of debt it gave america the World Reserve currency it gave america one. Called seniority which which is basically they get a cut over every transactio
We also have the oil wars going on allegedly some oil wars we have russia versus saudi arabia the price crash you know kind of started with when the opec plus when they met you know saudi arabia essentially and russia and russia decided not to cut any production based on the decline in demand out of china and elsewhere but also right after that saudi arabia offered up to a 10. 00 discount per barrel just because i guess. Theyd been solomon got a little bit upset and threw a temper tantrum so thats what happened there but you know that seismic sell off a 30 percent and then followed by a like 101213 percent rise and boom bust and boom bust i thought this was an interesting tweet to kind of look at the whole situation is from royce we went to the last episode and he was so prescient about this pandemic situation when he predicted sort of a pandemic basically that negative rates were signaling that he predicted that last june or july he says i think we have just witnessed the end of the p
Max kaiser this is the kaiser report the pandemic it dition special times require special reporting of course because report has been anticipating so much of whats going down around the world stop a big surprise for those of you who have been watching us for so many years is that right stacy max it is a continuation of the pandemic and the Pandemic Response of the pandemic situation we also have the oil wars going on allegedly some oil wars we have russia versus saudi arabia the price crash you know kind of started with when the opec plus when they met you know saudi arabia essentially and russia and russia decided not to cut any production based on the decline in demand out of china and elsewhere but also right after that saudi arabia offered up to a 10. 00 discount per barrel just because i guess. Bin solomon got a little bit upset and threw a temper tantrum so thats what happened there but you know that seismic sell off a 30 percent and then followed by a like 101213 percent rise an
Of the scenes look like. Charred canyons that can show if you look how close the flames have come to homes and Officials Say this fire danger could last until sunday. When driven wildfires are tearing through the foot hills in some areas northwest of downtown los angeles. Were at 0 containment. The fire is moving at 800 acres per hour. More than 100,000 people are being told to evacuate the area. Marcus jones rushed his family to their church. He doesnt know if thigh will have a home to return to. What can you do . I mean, wait it out. There is no need to be his stair call or wonder what is going to happen. What it it is what it it. Reporter the saddle ridge fire started thursday night. Fire crews worked frantically to keep the frame rest flames more fires. It is crazy to watch. It is moving really fast so were evacuating. Reporter it shut down interstate 5, californias major northsouth corridor. It left thousands stranded in their vehicles overnight. Been here since about 3 in the mor