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
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
Has said he will not throw his support behind someone else as a caretaker prime minister, slept puts off the number of conservative mps but the number of labour mps as well. It is an interesting thought because if somebody could find an alternative politician who demanded enough support, it is not inconceivable that if conservative borisjohnson inconceivable that if conservative Boris Johnson lost a vote inconceivable that if conservative borisjohnson lost a vote of confidence that some of us could become a prime minister, you would not have to have a general election to become prime minister. You just have to commit a majority. If there is no majority after two weeks, but yes, in theory of some of us could come out of that majority they could become prime minister. If it was a majority in the sense of the opposition would be the two front benches. An absolutely weird situation and what tory and labour backbenchers could agree on a par for brexit is a very small, they try to put togeth
Gear what they just did thats getting a lot of buzz today. Then, watch out verizon. Why Silicon Valley may be asking, can you hear me now . Well explain. It is monday, july 8th Worldwide Exchange begins right now. Good morning and welcome to Worldwide Exchange im dominic chu. Brian sullivan has the day off futures right now are lower, but theyre off the worst levels of the session. Well have more on that coming up but first, to our top story this morning. One of the Worlds Largest banks announcing a massive overhaul. Deutsche bank is pulling out of its globals equities in sales and trading business as part of that move. Its an 8. 3 billion Restructuring Plan the german lender is also slashing 18,000 jobs across the globe. Cnbc is in germany in frankfurt with the latest. Why are they getting out of the stock, sales and trading biz and what are the plans reporter actually, Deutsche Bank has had quite many years now of low profitability of losses and on going problems to stay competitive
Your equity market slightly negative on the s p 500 for the second or third time this week, waking up and looking at china. To the data and commentary around that economy right now. New loans extended on chinese banks ranging to the lowest since 2009, there are concerns about what is developing in the worlds secondlargest economy. Tom you look at the income statement dynamics and the Balance Sheet statement dynamics. I agree. I believe i mentioned this the day before. The flows on the Balance Sheet in and out are what matter. This is fbi from us to them off a cliff from them to us. Maybe not a cliff, but it is down. Jonathan the data dropped in the last hour. The response clear from many on the south side. Stop gin weighing in. We will see. We have not seen it. Lisa what kind of stimulus when they are concerned about debt load in local governments . If they want to move away from leverage and create a more sustainable economy, how do they stimulate the economy where you look at these l