Disaster. Monetary policy works through emulating aggregate demand and that is important now. Ultimately, there is a job to replace lost income. Our congress stepped in and there has not been a faster or stronger response from congress to an economic emergency since the great depression. The cares act and other laws have been passed to more than offset lost income in the aggregate. There will be people for whom that is not true. You see high levels of savings on the Balance Sheets of households. Not experienced the downward cases we were worried about of mass insolvencies of businesses so far. So far, so good, i would say. There are no full recoveries without confidence. Do, which ipart to think we have done. The path forward will be challenging for a number of reasons, and i am sure we will get into some of them. Congresso do more and might need to do more with fiscal policy. The particulars of that are up to congress and not up to us. It is likely more will need to be done in time. O
And a military uprising in mali sweeps the president from power threatening to plunge the country people into chaos. As the roundup of the headlines here on r. G. P. International the kinds of reporters up next they will. Either this is max kaiser this is the kaiser report Summer Solutions thats right some are solutions now today were covering whether or not gold price moves are signaling an end to the u. S. Dollar with our guest superstar allister macleod of gold money dot com alister welcome thank you for asking me facts all right well alistair 1st of all i might want to say of course max and i are investors and gold money dot com because we love the company and you do a lot of Great Research so were having you on here to discuss some of your research and the solutions to the issues though when you look at gold and you look at the fact that its sort through 2000. 00 do you agree with what Goldman Sachs who is one of the biggest beneficiaries of the can tell you in effect all of the s
Have been cut. Can find more on those stories over on our website r. T. Dot com well have a full roundup of your news about an hours time right now reports. Either this is max kaiser this is the kaiser report Summer Solutions thats right some are solutions now today were covering whether or not gold price moves are signaling an end to the u. S. Dollar with our guest superstar allister macleod of gold money dot com alister welcome thank you for asking me facts all right well alistair 1st of all i might want to say of course max and i are investors and gold money dot com because we love the company and you do a lot of Great Research so were having you on here to discuss some of your research and the solutions to the issues though when you look at gold and you look at the fact that its sort through 2000. 00 do you agree with what Goldman Sachs who is one of the biggest beneficiaries of the can tell you in a fact all of the sort of money system they say that the u. S. Dollar is days are ne
Collapsed from 120 down to current 70 ot that current took off oil took off so there was that moment and i think we discussed this in an earlier. Cost with the video with the when go dipped in april because of delivery problems on cemex but apart from that oil also basically took off so did copper dock to copper which tells us that. You know the outlook was considerably improved after the fed turned around and said we will print whatever it takes and it was also the day when the dollars trade weighted talked and it hasnt really stopped falling since that so 23rd march i think is the date we should all put in our diaries that was when the world changed and it is so remarkable that any idea that for example gold is had a wonderful run today it is down nearly a 100. 00. Oh thats the end of the run forget it its not things have changed so i do Goldman Sachs but i would be a bit more specific about actually what has happened right well that that was caught up caught on by the Financial Pres
Dollar is days are nearing an end and how they determine that in their reports is that. The gold price so do you see those 2. 00 as being related and are they a little bit too doing gloom and that the u. S. Dollar is ending soon the answer to that is yes they are related but i would put it slightly differently from the way Goldman Sachs describes it there was a day earlier in this year when everything changed it was rather like you know the tide stopped going out and started coming in all from how the port if you stop coming in as a going out and that was the 23rd of march between more or less the beginning of the year and the 23rd of march markets sank the s. And p. Lost a 3rd of its value you had gold was just absolutely knocked down i mean certainly the open interest was not down there the price was a lot more resilient than you would have thought and so there were various things that really were hit i mean even cohen sort of was pretty weak in those in the at that early time but th