Was a complex set of new set of rules to counter with partial lockdowns in the north of england but there is growing public over the governments handling of the christ. Our exclusive with the armenian president will air in full here on our Team International in the coming hours for more details on the interview the conflict and what is happening in your part of the world you can. I am max kaiser this is the kaiser report im here with guillermo who is a bit of one of those for many years since we visited mexico city hello vo nice to see you again carol want to let you know that there is a Telegram Group max and stacy Telegram Group and youre invited to join just go to t a forward slip orange pill and youre in thats all that is by saying that correctly now suzanne youre well as for a task i guess i got it right stacy what are you up to. I have to say when you say that you know the report the Telegram Group we get inundated with people especially from cuba and venezuela lots of audience m
People an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capital system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a tough talker see run by Central Banks and the worse it gets the more they pay themselves and of course low Interest Rates re the crisis worse because low Interest Rates drained the economy by all capital and without it you will at the 1st. Encounter with a pandemic like cove it you all have an existential threat and maybe or maybe not the us survives its up its an open question whether or not the Monetary System survives is what is being called into question and here they are doing the equivalent of oops my bad even though the report has been warning about this for years they could have listened to
Graham boston fed president aircrews a read said years of low Interest Rates that encourage risk taking are making the current economic downturn worse he specifically cited low rates persisting for an extended period even after the economy had made progress in the recovery that can create problems well this is obvious you know as ive been saying you cant have capitalism without capital you cant have capital without giving people an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capitalist system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a club talk or see run by Central Banks and the worse it gets the more they pay themselves and of course lower Interest Rates re the crisis worse because low Interest Rates drain
From them if. If you ignore all of that then yes unemployment is indeed below 4 percent but is even forbes has pointed out historically speaking when the u. S. Unemployment rate falls under 4 percent recessions follow soon after because the Economic Cycle is already mature the labor market is tight and inflation is becoming a concern so unemployment does not mean theres not a recession on the horizon. Donald trump was wrong about stuff that well. But you dont need to go pick that sat theres a 1st time for everything and theres anyway all the stuff ive said so far you could probably find a lot of it by forbes or c n b say some other network where the anchors brain matter is made up of 80 percent botox they could tell you all this but heres the part they dont dare say we have an Economic System that destroys peoples lives why. Once every 4 to 7 years thats the average amount of time between busts this time its 10 years were overdue during the last financial crisis millions of people lost
Crappy jobs in that many people have stopped working altogether some looking for work altogether which doesnt get counted in the numbers and that half my friends live in their parents garages which is awkward when i have to buy drugs from them. If you ignore all of that then yes unemployment is indeed below 4 percent but is even forbes has pointed out historically speaking when the u. S. Unemployment rate falls under 4 percent recessions follow soon after because the Economic Cycle is already mature the labor market is tight and inflation is becoming a concern so unemployment does not mean theres not a recession on the horizon the donald trump was wrong about that well but because he said dont think thats the 1st time for everything and there anyway all this stuff ive said so far you could probably find are a lot of it find on on forbes or c. N. B. C. Some other network. Where the anchors brain matter is made up of 80 percent botox they could tell you all this but heres the part they d