Its a beautiful thing because it doesnt cost anything you can get all the cash you want from the central bank for free they give it they give you trillions and trillions of dollars if youre a friend of theirs you get to burn a trillion and you keep a 1000000000 thats the deal so lets say Hillary Clintons Foreign Policy for example they government gives her a few trillion dollars she burns countries down but she gets a 1000000000. 00 in fees thats true of hedge funds as true of private equity funds they get trillions of dollars from the central bank they burn everything down their arsonists but they get to keep a nice a souvenir like a 1000000000. 00 like mitt romney is a good example of somebody who made a business out of this and eventually you run out of the free money runs out in the case of venezuela for example this is a true fact they actually ran out of ink to print the money that they were burning in that was the end of that we. Seen over the past 3040 years Interest Rates have
Economics the externalities of their Business Model it till the should not be in private hands transportation should not be in private hands education and medical Health Services should not be in private hands for this reason because youve got gouging and monopolization in the private sector its not appropriate for these basic core utilities of the economy our Corporate Structure today is one of private equity it extracts that equity and it leaves a carcass of debt that is indeed what you see here but the other thing you see especially in california is the woak progressives have basically enabled a tax regime whereby they always win so in california the property taxes for those who have ben there you know for the past 1020 years are extremely low and theyre not theyve passed laws long ago where they youre not allowed to raise taxes so the cost of maintaining the infrastructure. In regard to the utilities they dont have enough taxes anyway to cover the maintenance on it and so it is the
Our international. Oh max kaiser this is the kaiser report i go to areas sense that things are not quite what they peer to be stacy in fact were going to look out at california 1st and then were going to go to a town right here in new york and that is kingston new york where our guest in the 2nd half is from it is going to its a tale of 2 economic models over in california we know not only do we have forest fires going on all over the place huge fires thousands of people being evacuated from their homes but we see blackouts millions of people suffer and blackouts and p. G. And e. The multinational basically utility the giant Utility Company listed on the Stock Exchange they have declared bankruptcy to avoid all their obligations over you know over the last years disaster and it looks like we have a disaster again this year and people in california are not happy with the blackouts stop harassing p. G. And e. Workers Gavin Newsome says they didnt create this mass amid reports of pacific
Reports emerge that u. S. Authorities are investigating the. Chinese own video sharing. Security concerns. This is R T International my name so you know 30 minutes of news and views start. A u. S. Military convoy come under fire from turkish finders near the ton of tell to me out in northeastern Syria Pentagon Officials Say their patrol was not hit no american soldiers were harmed but have given no further details comes as u. S. Troops. In areas of the region they had withdrawn from the president. That was ahead of a turkish offensive its the 2nd time that militants fighting for the Syrian National army have targeted American Forces in recent weeks washingtons envoy to syria also claims the s. N. A. Which has its roots in the Free Syrian Army committed war crimes during an operation against Kurdish Forces in northern syria. Turkish supported. Opposition Opposition Forces who are under general turkish command in at least one instance did carry out a walk crime and we have reached out to
Investors otherwise known as a ponzi scheme or a pyramid scheme this is essentially was driving the economy is burning cash yeah its a beautiful thing because it doesnt cost anything and you can get all the cash you want from the central bank for free they give it they give you trillions and trillions of dollars if youre a friend of theirs you get to burn a trillion and you keep a 1000000000 thats the deal so lets say Hillary Clintons Foreign Policy for example they government gives her a few trillion dollars she burns countries down but she gets a 1000000000. 00 in fees thats true of hedge funds as true of private equity funds they get trillions of dollars from the central bank they burn everything down their arsonists but they get to keep a nice a souvenir like a 1000000000 dollars mitt romney is a good example of somebody who made a business out of this and eventually though you run out of the free money runs out in the case of venezuela for example this is a true fact. They actuall