Over the water war to prove kremlin critic was poisoned with. U. S. Vice president ial hopefuls. Like. Only t. V. Election but it was a high flying. Headlines. The headlines this hour up next this crossing how ill gotten gains have trickled down. Over the past 40 years given all have your morning news update in just under an hours time. Max kaiser this is the kaiser report kovi coated cope with so much to talk about lets check in with stacey well you know its hard to outdo donald trump and his shenanigans in antics and all that sort of stuff but were going to try so you know one thing we always say is where were at the end of a few dark ages and of an. Whether its the fiasco in c regime that has ruled the world since 1971 or the us empire since 1905 but of course that whole pocket before it when the British Empire disintegrated was also quite chaotic and interesting tet offensive we had a pandemic in 1008 team that was right and that was equally crazy as now perhaps we didnt have a pre
We get additional fiscal stimulus. Our guest is from morgan stanley. It feels like from the last 23 months, we have been turning the volume up and down and gone nowhere. Are we starting to change the track a little bit . Are we making progress around the fiscal talks . Only question that matters right now, Mitch Mcconnell does he have the votes to pass a 1. 8 trillion package . Think the Senate Majority leader needs all 53 senators to vote for this package. Choice is, the between getting something done ahead of the election or waiting until after the election seeing the outcome then making decisions about the stimulus package. Markets most importantly, the question is not necessarily whether it gets done ahead of the election but whether it gets done at all. Upsaw elements of that show in the minutes from earlier this made it clearfed that if there wasnt a stimulus in the next several months, if it gets done in a timely manner, the fed will be pleased as will the market. Jonathan coupl
Coronavirus. The American People have witnessed what is the greatest failure of any president ial administration in history of our. Politics and peoples lives. With europes highest in the country seeing a new surge of Infections Health ministers praise for the governments handling of the crisis is called into question. Because reporters on your way in just a few moments back with a fresh news update at 7 am moscow time. Max kaiser this is the kaiser report kovi coated co bit so much to talk about lets check in with stacey well you know its hard to outdo donald trump and his shenanigans in antics and all that sort of stuff but were going to try so you know one thing we always say is where were at the end of a few dark ages and of an. Whether its the fiasco in c regime that has ruled the world since 1071. 00 or the u. S. Empire since 1905 but of course that whole pocket before it when the British Empire disintegrated was also quite chaotic and interesting tet offensive we had a pandemic
Is everywhere and everybody does it Small Business Emergency Loan Program in the u. K. Threatens to descend into chaos a gold mine for enterprise and criminals even legitimate borrowers face sky high default rates taxpayers to eat the losses and this is called the u. K. s bounce back loan program well the point is that you know you have looting at the top 11 looting throughout the economy and governments are trying to rush in these programs but the governments that are rushing in these programs themselves have been perpetrating a massive for fraud i mean thats what it is in terms of the last 20 or 30 years every penalty weve seen applied to all these big banks whether its the u. K. Or the u. S. They got caught red handed committing all kinds of accounting fraud and sun now theyre trying their packaged their programs as they understand the. Because i never got put in jail for it so theyre thinking about what we were doing this is the right way to do it and so they repackage the same kin
A pandemic in 1008 team that was right and that was equally crazy as now perhaps we didnt have a president sitting in the hospital but i want to look at some of the astounding information that is actually unfolding and going on wall. Everybodys locked down at home no apparently adult conversations are happening so none of this is being discussed but it does seem like they all know Everybody Knows its over the whole fiats system value of covert 1000. 00 stimulus packages in g 20 countries as a share of g. D. P. And you know it shows a whole list of them but ill just go over a few japan 21 point one percent canada 15 percent usa 13. 2 percent brazil 11. 8 percent turkey 10. 8 percent a strongly attempt 6 percent and at the bottom is mexico is 0. 7 percent so other than for the us all those debts will have to be repaid and there is a limited ability for a lot of these other nations to print like america can play now this is a fascinating data set actually because during call of it we hear