Max kaiser this is the kaiser report ok lets say the guy down the block from where you live is counterfeiting money and hes by and stuff he he he created an extension on a south sea bought a new boat he bought a new car apply 5 new cars he bought another new boat he bought a lot of jewelry hes live in a large would you say that the wealth on that street is disproportionately heading into that guys house because hes able to counterfeit money and spend that money would you say that i mean thats not hard to comprehend right. Stacey yeah were going to talk about is can tell in effect and how that spreads down through a systemic form of discrimination and a systemic inequality because this is an issue obviously that is spread around the world you know with these uprisings about the George Floyd Murder which has spread around the world and i think the underlying issue here is the Monetary System around the world thats the basis of why everybody around the world this protest and why this has
Were going to talk about can tell you a fact and how that spreads down through a systemic form of discrimination and a systemic inequality because this is an issue obviously that is spread around the world you know with the uprisings about the George Floyd Murder which has spread around the world and i think the underlying issue here is the Monetary System around the world thats the base of why everybody around the world this protest and why this has spread around the world and it goes to this little clip from the Federal Reserve chairman Jay Powell Marty bent posted this and he said deflecting blame never a good sign individuals are waking up to the biggest scam to sweep earth over the last century the Federal Reserve fix the money fix the world. With more or more. Its not really 2 months. Or is. There a lot of hard work i was. More or less. Consistently for. Longer yours right well lets keep in mind that your own powell is the big shareholder in stocks and hes the guy gave blackrock
Conference. I still dont have a time on that. All of the other news flow, minneapolis, this whole twitter flap. To me, what is extraordinary is june beckons. Nothing is more front and center for me beside the june 5 jobs report. 41 million is where we are unemployed. To me, that is the dominant crosscurrents right now. Jonathan youve picked up on this again and again over the last couple of months. 20 could be the Unemployment Rate when we get the numbers next week. We talked about next steps on fiscal policy. Ive heard little this week on that topic. Tom Henrietta Treyz was brilliant on this in the last hour. When do they help the states . What is fascinating is the federal government doesnt help the states until there is a crisis, so theyve got to wait to see four or five states say we are in a crisis, we are running out of money, do something. And then i guess it all happens over a weekend. Jonathan i think most would say it is likely that is going to happen. Some would say it is in
Spacex, and it is actually playing out in the market. Because spacex is privately held but if you look at the handful of more pure play space names, virgin galactic, not affiliated with any of this right now but represents Space Tourism play is higher today also the ufo space etf is trading higher ahead of the launch its scheduled to happen a few minutes after 4 30 p. M. Eastern right now but well see how the weather and Everything Else plays out here, john. You talk about space a lot, its a an important story, an Important Technology story also. I cant help but look at whats happening to silicone valley and tech at large over this incredible year especially that weve had. If you think back over the past decade, the elon musk brand of tech that is hardware, big hardware, difficult engineering, its tesla, spacex, that wasnt the popular thing. It was more the instagrams, the airbnbs, the we works. I think weve seen in this, you know, virus crisis that swept the globe its some of those in
[inaudible conversations] all day here at the library of Congress National book festival we are recognizing and celebrating the importance of reading and authors and books. The library of congress mix it seem easy to do this each year but the truth is the National Book festival is a huge undertaking. Its a huge financial undertaking. And it has been made possible by generous support from our sponsors. You can see who they are in the programs and video monitors around the Convention Center but they ca tend to take for granted that this will continue to exist. So id ask you to consider making the contribution right now using your cell phone and you can send a text to make a onetime gift that will be added to your mobile phone bill. The details are on the screen and on the back of your program. Once you are to please silence your cell phone. Onto the main event id like to introduce the cochair of the National Book festival, david rubenstein. [applause] we are very honored today to have on