Washington coming up markets are slipping on fears of a 2nd coronavirus wave and were here to break down the following the future of the u. S. Economy plus its just us that swept the nation causing much policy debate Corporate America has moved in and how to board the movement well discuss and later we take a look at the state of big coin amid the growing global unrest and whether we could see an upcoming surge with a packed show today so lets dive in. And we lead the program with the u. S. Equity markets in turmoil the dow and s. And p. 500 are both on track for their worst week in more than 12 weeks the news comes as investors react to several issues facing the economy including the Federal Reserves Economic Outlook which estimates u. S. G. D. P. Will fall by 6. 5 percent in 2020 despite expected growth in 2021 in 2022 now there is also data regarding the new weekly weekly jobless claims released thursday by the u. S. Labor. Department new unemployment claims were just over 1500000 f
Their power and they certainly dont want to give up their 3rd element the exorbitant privilege member as the boomers who have more than any other generation really lived off that they exorbitant privilege of a total feel old based on the u. S. Dollar so i think these are the 3 ingredients coming together you know this is our theory is like looking at these 3 theories together and perhaps this could explain right well you know so things go in cycles right things go in seasons were familiar with the seasons and then there are the cycles there as they can recall cycle as a 60 year cycle in economics theres the boom and bust cycle theres the 4th turning right so this is a book about cycles in American History that are roughly 70 years in length 80 years in length and that this 4th turning would be the beginning of a chaotic to mulch us period and it was foretold that in 2020 this would kick in so it was predicted and you know we on this show it in talk. About why in 2020 was beat cycle b.
Only to be stomped on and have their life choked out of them but you brutes did whats happening here in america of course yearning to breathe free is very important that this isnt a part of the problem right now and america is obviously we have the racism and the state power exercised through the police force which is and literally has the knee on the you know your boot on the neck of the populace obviously black americans are at the bottom of this but you know it is layers of this absence of being able to breathe 3 we see this or that injustice built into the system where theres a certain select group of people who do have privilege of course we are supposed to be you know a nation founded by these truths that are self evident that all men are created equal that may be true but if some are given privilege that negates all the equality that we have. Earth Michael Hudson feds 10 trillion dollars defense assets of the rich so the fed has revived the stock market downturn hes referring to
Trillions and trillions of dollars being printed in the cant tell you in effect but heres lady liberty right there on the ground trinket probably made in china sold in times square and just as quite a fitting image for the rest of the stories we have to cover max oh absolutely the poem resonates with a double entendre with deep meaning or with echoes of the past and people coming to america coming to me are coming to ellis island with dreams to brew through it only to be stomped on and have their life choked out of them but to prove its dead whats happening here in america of course yearning to breathe free is very important that this isnt a part of the problem right now and america is obviously we have the racism and the state power exercise through the police force which is and literally has the knee on the you know your boot on the neck of the populace obviously black americans are at. The bottom of this but you know its layers of this absence of being able to breathe 3 we see this
States economy doesnt matter because theyve got the green light to see the richer seceding its its its its not right and yet thats whats happening well actually i want to say that this has happened throughout history and i think for me the United States most mimics but it mimics often like a lot of different empires that have fallen before it i think they spent 12 so far and this is part of that he said that the strap of a great power not wanting another to rise compared to rome rome had the same situation the people inherited an amazing republic and flourishing powerful nation that had our amazing architecture and building and thought and stuff like that and then it turned into a tawdry empire where the elite like just plundered the nation so the next bit from michael had since quote is ok now we have a trickle down to the population where there ransacking you know the shops on 5th avenue but where did the ransacking start right. And lets go back one step for the past 12 years this is