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
Maintain normal Monetary Policy for as long as possible and fixing will be key. President trump wants to return to the campaign trail as his doctors say he is not a transmission risk. The u. S. And europe are not on the list for easing curbs. Haidi markets coming online for the start of the brandnew trading week. Lets go to sophie kamaruddin. After inome enthusiasm cap the best week since april. Australia posted record shipments when it comes to iron ore, putting some down pressure on the commodity. Gold holding about 1900 per ounce, after its second weekly gain. 2300 for bullion, early 2021. The aussie dollar under pressure. It had fallen by 4 . 4 . The offshore yuan on the retreat. Looking forward to the fix to see if that will add more weakness on the offshore yuan. Futures, nikkei Futures Holding steady while the 106,s trading around testing the 65 day line. Todays south korean markets come back online after the long weekend. We have korean trade data later today. Won trading korea
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
Welcome to the october 5, 2020 rules committee. I am hillary ronen, chair of the committee. With me on the phone is rules Committee Member gordon mar, and we will soon be joined by supervisor catherine stefani. Our clerk today is victor young. Mr. Young, do you have any announcements today . Clerk yes. Committee members will attend this meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on this agenda. Both channel 26 and sfgovtv. Org are streaming the number across the screen. Comments or opportunities to speak during the Public Comment are available via phone by calling 4156550001. The meeting i. D. Is 1466846771. And then press pound, and pound again. Public comment will be available on each item on the agenda sorry. I just repeated myself. When connected, you will hear the meeting discussions but be muted and in listening mode only. When your item of interest comes up,
One because i wonder why it was not a good half. Of the. Premier league hopefully but there are here are some friends that the us are still so but the sole real hoping to do something this year. Which. They have about them was the lack of physical alibi the ball and i was able to put them on the that you know were going to. 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 the end of an. Whether its the fiasco currency regime that has ruled the world since 1971 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 in 1008 team that was right and that was equally crazy as now perhaps we didnt have a presi