World. Our bloomberg voices are on the ground with this mornings top stories. We want to start in hong kong, where the chaos continues. Police and protesters clashed again after violent weekend standups. The Chinese Foreign Ministry Spokesman reiterated beijings support for the police force, calling the protesters extremely violent criminals. Precedent, you can see what is happening in hong kong right now is not a peaceful demonstration. It has turned into a violent protest against ordinary people led by a small group of extreme violent criminals. Alix joining me from hong kong is karen leigh. Walk us through the significance of what happened over the weekend in terms of escalation at the university. Anotherong kong had week of chaos after a week that has paralyzed part of the city. Carrie lam and other officials are urging protesters at the university to surrender, even as activists are calling for more rallies near the campus to support these demonstrators cured police and protesters
Dont feel rights. The only sport its cruel its all those are the headlines will be back here in an hour with another round up and stay with us for the kaiser of course next here on our team international. Skies or this is the report. Yeah we could go on president s come and go countries come and go whole new Solar Systems are discovered doesnt matter because youre going to im going to call this episode give us this day our daily billions of course thats the wall streeters the big crybabies we call them crybabies all the time and they cry all the time for free money and i realize thats why we have 2 economies going on the real economy where the 99 percent live and then the one percent economy where these bankers live and the corporate elite live and theres never enough free money they want more more more and more and you can see that in the jobs numbers that came out this past week week and a half and what you saw is that its boom times that continues to be boom times and you can see wi
A tale of 2 economies and those economies are driven by their own separate monetary systems so we see it the top one percent i think why they see disaster happening is not know that they have an instinct that their assets are overpriced the stock Market Property markets are market but they also theres no velocity of money in the top one percent economy its not circulating at all because 1st of all theyre greedy they say you know 100000000000 is not enough theyve got to compete with jeff bezos is worth 130000000000 so they need to save 30000000000 more to even match so theyre going to keep on accumulating it latest fed data shows that theres over well over 30 trillion dollars held by the top one percent in this economy versus the bottom 50 percent theres just 2 trillion right so thats a discrepancy there all of that 30 is close to 35. 00 trillion dollars the top one percent has 4. 00 trillion over. Its just sitting in Bank Accounts i. E. Getting 0 percent Interest Rate theyre not even u
Was the future the future generations are going to pay for those tax cuts 984 1000000000. 00 deficit and 2019 so here theyre looking at issuing a 50 year bond to pay for those crybabies to extend and pretend so theres no was another bond to extend the maturity theres always another Quantitative Easing Program or a rate cut theres never not been a rate cut environment for 40 years now all over the world theres been over 600. 00 rate cuts by various Central Banks and the money if youre on the right side of Interest Rate apartheid is not only free its less than free Central Banks pay jamie diamond to borrow money thats how easy it is for j. P. Morgan to make money but they still have trouble making money because what economists euphemistically call moral hazard when you give a dog and unlimited amount of dog food to that dog will eat itself to death if you give jamie diamond an unlimited amount of quantitative easing to gorge on over there j. P. Morgan he will bankrupt the economy. So peo
Was the future the future generations are going to pay for those tax cuts 900 84000000000. 00 deficit and 2019 so here theyre looking at issuing a 50 year bond to pay for those crybabies to extend and pretend so theres a was another bond to extend the maturity theres always another Quantitative Easing Program or a rate cut theres never not been a rate cut environment for 40 years now all over the world theres been over 600. 00 rate cuts by various Central Banks and the money if youre on the right side of Interest Rate apartheid is not only free its less than free Central Banks pay jamie diamond to borrow money so easy it is for j. P. Morgan to make money but they still have trouble making money because what economists euphemistically call moral hazard when you give a dog and on. Limited amount of dog food to eat that dog will eat itself to death if you give jamie diamond an unlimited amount of quantitative easing to gorge on over there j. P. Morgan he will bankrupt the economy so peopl