This is the kaiser report as we ponder the future and look into 2020 what fascinating stories will come our way you know ive often said on this show that you cant have capitalism without capital corsicana capital without positive Interest Rates encouraging people to save and this next story this next whole show this next entire segment is going to be dedicated to this very notion and i present to you stacy you know that shape there used to be use in ancient greece for democratic purposes i think they would flip it around and if you if your name was on it you got to be on the jury the same with the magic 8 ball sort of concept thats sort of the shape of the do like a digital version of shakespeare oh york i knew him well this is i want us close and were going to cover this capitalism without capital because in fact it is very undemocratic its the opposite of that and its absence of justice in it and because of that because of the propping up of an unjust system we have zombie economy an
Stock market has pleasant least surprised many people by going on a decade long rally but the success of the negative Value Companies makes it sound as though that success is entirely built on sand so what can explain this he looks at vince and dillard of n. T. L. Incorporated and for his explanation but remember this is what michael pentode said about hes not a permanent bear but he said this thing is entirely built on sand and as you know sand if youve ever seen what do you do and stuff like that it just theres also a great video out recently of a sand sliding down into a giant hole in saudi arabia of course this is all part of this sand allegory thats going on at the moment but one of the ideas the 1st one he offers is financialization this is down to financial engineers and private Equity Investors whove taken over Companies Sold their physical assets and leverage them to the hilt rather than vesa new assets that make something any new cash flow goes toward buying up shares and lev
Undemocratic its the opposite of that and its absence of justice in it and because of that because of this propping up of an unjust system we have zombie economy and this is john authors agreeing with what you max kaiser has said many times on the show over the past 10 years especially capitalist without capital or ruling capitalism what does it mean that some of the decades big market winners are companies with no real net worth so the blue line at the top of this chart here is the outperformance of companies in the s. And p. 500. 00 that actually have negative book value theres Something Like 40 percent of the s. And p. 500. 00 have negative book value if you sold off all their assets it wouldnt meet pay off all their debts i mean this is a fascinating trend the only way they are sustained is by cash infusions or acct. Cache transfusions into the dead corpse of a zombie corporation and because they have a lobbying strength and because they control Interest Rates to 0 or under 0 negat
A parliamentarian but are focused on his actions in years that far predate him becoming an m. E. P. No polygraph only who is the founder of brussels based think tank believes madrid is breaking the law by pursuing the case. Speedin see it in these regards the decision of the European Court of justice because what they have done is to be should new ruling on the Supreme Court in spain basically saying the opposite about the. Possibility of the cognizing the munity to elected members of European Parliament which is very disruptive actually its a very serious breach. Legal loophole in the human immune system eef yes the immunity is an elected member of the European Parliament which she has because its neat and accepted as such that you should be able to move throughout the you to be in Congress Without any impediment. Well you can have your say on this our stories youll find the lions share of them on our Facebook Page leave a comment or even just the like live from moscow this is our. Th