Fictitious capital and that you know this is kind of the future that marx would see is that everything is so light removed from Industrial Production or any sort of production or labor that we get to a point a fictitious cow paul and then in that sort of space theres like no limit up really because thats just limited by our imagination right its goes back to neal feudalism in a certain Medieval Church driven notion of how many angels can you dance on the head of a pin right so this bit like Goldman Sachs or j. P. Morgan theyre like how many derivatives can we get to back to you know it can we derive from this nonexistent collateral right thats the same kind of mentality and the leads to a god complex obviously the people the church back in the Medieval Times felt that they were close to got that proved to be not so correct and also the bankers on wall street they believe theyre very close to god as blankfein said hes doing gods work. And that will be equally fallacious well its certain
Feudalism in a certain Medieval Church driven notion of how many angels can you dance on the head of a pin writes of this bit like Goldman Sachs or j. P. Morgan theyre like how many derivatives can we get to back to you know its them can we derive from this nonexistent collateral right thats the same kind of mentality and the leads to a god complex obviously the people the church back in the Medieval Times felt that they were close to god that proved to be not so correct and also the bankers on wall street they believe theyre very close to god as blankfein said hes doing gods work and that will be equally fallacious well it certainly fictitious capital and here is another tweet along that line is well the strongest Gravitational Force reversion to the mean also bring down the stock market the u. S. Market cap has totally decoupled from the real economy and you can definitely see in that 1st car in particular that the real economy it continues to grow like at the rate of gold supplies g
That would override the bricks of 2 full steel but the British Government says it will not back down despite admitting the bill would breach international rules. Thats all from me for today kevin know and well be here in just under an hour with food coverage of the very latest going on in the wall to join mine coming your way now though with the kaiser report. Hi im max keiser this is the kaiser report. Much to. First as always i will start reminding you that you can find us on social media at mines dot com for its last stacy herberts or max keiser you can find out mines dot com forward slash max kaiser so were moving our social Media Presence over there from twitter and i want to talk about chasing stock splits with marks and king so i see them in my headlines today so i figure ill name check them and talk about them 1st up we have a tweet here that says Robin Hood Schwab outages last week linked directly to tesla and apple split the money ellison generations ear on their robinhood ap
Coronavirus cases surge in the u. K. Boris johnson ramps up restrictions in england with the socalled rule of 6 banning gatherings of more than 6 people. On to the largest refugee camp in response to the grounds leaving thousands without shelter and raising fears about the spread of. Thats it for this hours headlines next hour to internationalise the kinds of reports but if youre watching in the u. K. Or islands its been. Hi im max kaiser this is the kaiser report snitched. First as always i will start reminding you that you can find us on social media at mines dot com for its last stacy herberts or max kaiser you can find out mines dot com forward slash max kaiser so were moving our social Media Presence over there from twitter and i want to talk about chasing stock splits with marks and king so i see them in my headlines today so i figure ill name check them and talk about them 1st up we have a tweet here that says Robin Hood Schwab outages last week linked directly to tesla and appl
A lot of misinformation amongst these new traders these rob and the traders i thought they were getting free share or somehow and its really fascinating to see really learning curve amongst teenagers and 20 somethings about how stock markets work and you know experience is a great teacher and that usually means losing a lot of money but thats also a very good teacher true thats the only way i really learned i never learned sitting in front of a professor in a classroom i learned the most when i get racks it does bring up the notion of this fictitious capital and that you know this is kind of the future that marx would see is that everything is so life removed from Industrial Production or any sort of production or labor that we get to a point a fictitious cow prawle and then in that sort of space theres like no limit up really because its just one. And it by our imagination its goes back to neal feudalism in a certain Medieval Church driven notion of how many angels can you dance on th