Hi there im max kaiser this is the kaiser report you know the stock market as a subset of the economy has undergone a transformation and become the plaything for speculators fueled by incredibly egregious money printing by a rogue central bank and this is causing all manner of dislocations mal investments in societal changes for more lets turn to Stacy Herbert hey well you know what something that you predicted would happen is happening and its coming true billionaires lining up to take their companies private so what will robin herders trade when everything has been l b. Right so as youve been saying on the show for a number of years all this money printing in the strategy of Companies Taking themselves private or buying back their own shares with the 0 percent Interest Rate would end up with a economy and a stock market that doesnt exist anymore because its all been taken private remember during the 1980 s. Michael milken introduced the revelation in the revolution in leveraged buyou
The Trump Administration overstepped its authority. Ntt reportedly planned to take its wireless carrier unit private. At buyout could be valued 38 billion. At thebreaking news moment. We are getting Industrial Production numbers for south korea. Year on year, it should be for the month of august, a decline of 3 , matching expectations, and bigger declines than the previous month. We continue to see some weakness year on year. Industrial production numbers have been in contraction for five consecutive months. When it comes to the previous month numbers, they have been revised slightly upwards but not by much. Month on month, a contraction of 0. 7 which is a contraction instead of just coming in flat as expected so that is disappointing numbers. Perhaps we could see some better numbers later in the year. We do have trade numbers for the month of september. We are expecting it to come up on thursday and exports are likely to see an annual gain in september so lets watch out for those numb
Am i on . Yes. Good afternoon. Welcome to the september 22, 2020 regular meeting of the San Francisco board of supervisors. Madame clerk, would you call the roll . Thank you, mr. President. Supervisor fewer present. Supervisor haney present. Supervisor mandelman present. Supervisor mar present. Well come back. Supervisor preston okay, we see you, but there is sound difficulty. Ill let operations know that. We see that you did say aye present. Supervisor peskin madame clerk, supervisor peskin is present. Supervisor ronen present. Supervisor safai present. Supervisor stefani present. Supervisor walton present. President yee present. Clerk all members are present. President yee okay. Supervisor preston, are you able to get on . Clerk we see him, but we dont hear sound. President yee maybe he can get help from somebody. Clerk yes, ill work on it. President yee thank you. Please place your right hand over your heart. Would you please join me in the pledge of allegiance . I pledge allegiance
Good afternoon. And welcome to the september 15th, 2020, regular meeting of the San Francisco board of supervisors. Madam clerk, will you please call the roll. Clerk supervisor fewer . Present. Clerk fewer present. Supervisor haney . Present. Clerk supervisor mandelman . Present. Clerk mandelman present. Clerk p clerk supervisor mar . Present. Clerk supervisor peskin . Present. Clerk supervisor preston . Present. Clerk preston present. Supervisor ronen. Present. Clerk supervisor safai . Present. Clerk safai present. Supervisor stefani . Present. Clerk supervisor walton . Present. Clerk wallton present. And supervisor yee. Present. Clerk yee present. Mr. President , all members are present. Thank you. Please place your right hand over your heart. Mr. You please join me in rerighting the pledge of allegiance. I pledge allegiance to the flag of the United States of america. And to the republic to which it stands, one nation, under god, indivisible with liberty and justice for all. Thank y
Unequal distribution of wealth led to the Great Depression. Her class is about 75 minutes. Weve spent the last few weeks considering how americans adapted to abundance between the 1890s and 1920s. Despite the efforts of producers, advertisers, of retailers and of others, the supply of goods continue to outstrip demand. This wasnt because all everyone, all 106 million americans, had everything they needed. It was because they didnt have adequate purchasing power. They didnt have adequate wages or income to buy all of that stuff. And it wasnt just americans who were in this situation, but so too were our trading partners around the world. They didnt have enough income to buy all of the commodities we were producing in our fields and all of the wonderful things that we are our factories were making. So by the end of the 1920s, the American Economy went bust. You guys all know this. You all know that the stock get crashed in 1929. The World Economy went bust as well. A worldwide economic d