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
Publicly traded Shell Oil Companies the institute for Energy Economics and Financial Analysis found that between 2010 through 2018181 1000000000 dollars in cash was burned plus is the cast burned by the privately Held Companies so the total casper is likely in the neighborhood of 700000000000. 00 right during the im our republic that they didnt go through the artifice of creating a Public Company or a private company they just burned the actual cash in the stove to keep warm here theyve created simple Business Model of fracking which is another euphemism for burning cash right because it takes more energy in than they get out it takes more cash in than they get out it is a literally a Bottomless Pit of cash that is by definition impossible to make a profit from and in the private market like oh we work for other Tech Companies that are in the private market theres a mass hallucination going. Where theyve think that well we need to become the Biggest Energy exporter and producer in the
Over National Security concerns. A colleague brings you another news update next hour dont go anywhere there is kaiser report but if youre away stay with us. Max kaiser this is the kaiser a party of all or that expression if you find yourself in a hole stop digging sounds logical right. For one particular industry. Well thing indeed in fact there are 2 industries and weve talked about them often thats the Tech Industry we have the tech bubble 2. 00 with we were left peloton all of those sort of companies and we have the fracking one and thats important for this 1st headline for wall street dot com because he looks at all these bubbles going on what he says is heres what im worried about with the everything bubble how cash burn machines power the real economy and what happens to the economy when investors refuse to have more of their cash burned so he calls it the cash burn machines these are investors willing to just keep throwing money into ever losing operations we work. Of course th
Mind most famously arguing the President Trumps should be barred from speaking to parliament during his state visit earlier this year after the imposition of the migrant ban by bristol i am even more strongly. By chris from. Westminster all. Because success will be announced in a few days theyll be forgiven for hoping they might live through slightly less Interesting Times barnsley aljazeera london. Ill have more from london for you a bit later on but lets get back to sami in doha now thanks so much mario now israel has approved the construction of more than 2300 settlers homes in the occupied west bank thats according to settlement watchdog peace now the ngo says most of the new Housing Units will be built in settlements that israel was supposed to evacuate under a peace deal with the palestinians more than 8000. 00 units in the settlements have been approved since the beginning of the year thats an increase of nearly 50 percent compared to last year i get off ryan is the head of the
A half minutes into an almost alert teen minute speech to the nation where by iraqi president barham saleh finally spoke about the resignation of Prime Minister dilma haiti and Holding Elections it was a yes but speech to protesters yes maddy will resign but only once a successor is determined yes elections will be held but only after a new election law is implemented and a new Election Committee formulated rice said it was the Prime Minister is willing to submit his resignation that hes also asking the Political Parties on a replacement within the constitutional fine legal measures that would prevent a constitutional vaculik a few. No time frame was given from a haitis resignation or when elections might be held since october 1st protesters have been demanding maddies step down and elections held in 60 days monitored by the un to ensure theyre free and fair they have publicized this until this hour the parliament didnt give anything to satisfy the rage of the demonstrators and they di