Growth but we are opposed to Gold Standard of course by many decades now and so the need to create layers and layers and layers of bureaucracy and tariffs now new tariffs is what happens when you take away the Gold Standard eventually we will go back to the Gold Standard as weve been saying that will come back as soon as this thing collapses which is now a dead certainty well speaking of dead certainties of course the air bus doesnt drop out of the sky as frequently as the boeing airplane so now unless we want to pay the 10 or 20 up to between 10 and 25 percent of the various tariffs being applied but i believe its 10 percent on air bus products so there is that but also you know its interesting that you mention the printing of money and. Like why is the fact that say for example the e. C. B. Has printed more money than the Federal Reserve bank why is not that considered a subsidy as well like oh are we going to start getting down to that sort of micro level whos printing in cheating m
Vulnerabilities do you think policymakers at the i. M. F. Are steering national pauli make the policymakers into the i. M. F. To begin with i mean going back to Christine Lagarde i mean they they really dont have an understanding or a clue of even how the Business Model works so i really put very little into what they say and you want to tell you that chinas numbers chinas numbers and ive never been we could never prove that the shine numbers are accurate either so between the 2 of whom i really dont even pay virtually no attention nor do markets as you can see that the market drop near record highs so theyre not listening to what they have has that either because again i lend them no credibility as far as i understand the actual structure and how these markets are working so now it should be obvious to any country thats already been developed that they cannot possibly sustain double digit growth so china in particular has had double digit growth for the past decade and now everybody e
They can get away with those because the people have less political power. Hello there im max kaiser this is the kaiser report the show that goes there. Days hey max by the way you know its just a week and a half from today that we will d be imposing tariffs big tariffs on european goods this is a bit of a shock in the past came out of the blue we were in these trade wars cold wars civil wars we had all these wars flying back and forth alone behold suddenly we start sanctioning well imposing tariffs on european goods and this is based on a w t o ruling that they decided that in fact air bus had provided 7500000000. 00 worth of subsidies to air bus from the European Union nations so we get to impose some and of course child picks out all the nice foods if he doesnt apply you know he famously it likes things like hot dogs and hamburgers and burger king stuff and donals and junk food so hes applied it to things like stilton cheese ing google and stuff like that not bring. One. You know th
A serial offender according to reports so the u. S. Just decided to ignore the ruling decision of the day because it didnt like the outcome of the case so now china is requesting authorize ation from the d. S. P. To suspend concessions and related obligations at an annual amount of 2400000000. 00 the u. S. Could challenge the amount of sanctions sought which would send the dispute to arbitration and while all this is happening the u. S. Is working a different angle with to hit china back with the transatlantic fight over the aircraft subsidies at the between the u. S. And europe may allow for the u. N. U. S. To come together to draft rules for industrial subsidies to take into the w t o as a way to force change in china all it needs now is a final resolution to the air bus boeing fight. The International Monetary funds latest World Economic outlook report has downgraded chinese growth forecast to 5. 8 percent for 2020 lower than the 6 point one percent forecast for 2019 while trade ten
Applied but i believe its 10 percent on air bus products so there is that but also you know its interesting that you mention the printing of money and. Like why is the fact that say for example the e. C. B. Has printed more money than the Federal Reserve bank why is not that considered a subsidy as well like oh are we going to start getting down to that sort of micro level whos printing in cheating more theyre all cheating essentially is what theyre saying but some are cheating faster and harder than others right its a form of cheating again when you leave the Gold Standard theres no way to have an accounting or a Balance Sheet that shows exactly whos trading with who and what a sorts of silly print money to cheat to undermine to try to grab a few extra pennies or euros here and there and that it is part of the scheme and that is what happens when f. E. M. A. Money and Central Banks and. And and fractional reserve banking and it just ends up into this this huge enormous pyramid of pape