Point 46 overnight. Political posturing is taking place with taking place between london and brussels. Checking in with some of the other little asset of the other asset classes. Gold pulling back in tandem with ,. 10 lower. Tom lets get you the first word news and an update on the continued spread of covid19. Have surged past 40 million and show no signs of slowing. U. S. Infection rates rising in 48 states while europe is inosing tighter restrictions london, paris, and other cities under strict curves with ireland enacting some of the toughest restrictions yet seen. The World Health Organization says failure to control quarantine rules has led to the resurgence. I stocks hit a six month low amid fears continuing street protests will drive investors away and further hurt the weakening economy. The benchmark index closed at its lowest level since april 16 as demonstrators bow to keep up pressure for constitutional reform and curbs on the monarchy. The index has lost more than 5 of its
To wall street chinese mobility giant is planning a listing in hong kong instead all of its rising chinese american tensions. And tunisian glass blowers in move around know who are struggling to weather the coronavirus pandemic. But come to me a business i want to johnsonville and good to have you with us. The head of the bank of england 100 bailey has painted a dreary picture of britains economy which shrunk by 20 percent in the 3 months to june now thats the biggest fall of any large advanced economy in the u. Of the coronavirus pandemic betty is warning the u. K. Faces an unprecedented level of Economic Uncertainty and things could get even worse should there be no deal breaks it talks between london and the e. U. Are stalled and with a transition period ending on the 31st of december the clock is yet again taking a lot is at stake almost half of all British Imports come from the e. U. And around 46 percent of all british exports go to the e. U. Making the e. U. Britains most import
Years of this serious 11 years now and you can see that even Jerome Powell an acting sitting head of a central bank the u. S. Central bank is even saying this member last year mark carney said that as he was exiting the bank of england he said that the dollar is no longer fit to be the walls reserve currency and that we need these additional currency sort of s. T. R. Sort of currency to replace that and this earlier this week we saw at your own power stated that he would dread a day that Digital Currency is take over the Current System and the u. S. Dollar would not be the old reserve currency anymore rightists like dentistry people dread it the day that gas lights are no longer around no one to electric lights and they dreaded the day that cars took over and we didnt have horse drawn carriages anymore and you know things change and he cant do a thing to stop at your own pal he could be the last fed chairman in the United States before the big coins take over and so this is just all pa
50 years to the point now were learning velocities and 0 and the continuing errors are growing exponentially but yeah i mean as simon dixon pointed out in the last interview there is a sense that they understand this problem of cars and they want to start giving money to the people instead but its kind of too late because after 20 years of this mass cancelling the fact that we see you know the top one percent have all that wealth and all the assets so they could buy up all everything before the inflation arrives of all this money going to the ordinary people but you know another quote that we say all the time here and i think its one of the most relevant to this sort of cantillon economy that we do have and that is from Frederick Bos the out one of the thinkers of the french in my meant and it is relevant to today because we do see a trickle down of the plunder that happens at the top so when plunder this is the quote from Frederick Boss the out becomes a way of law. For a group of men
Is. Im max kaiser this is the kaiser report lot of people talking about is this the beginning of china as the worlds superpower or but theyre not thinking about another end of an era in that would be the Central Banks stacey yes we are we believe here in kaiser report anyway that we are at the end of a fee out era and weve been kind of warning of preparing for that for the past 10 years of this series 11 years now and you could see that even Jerome Powell an acting sitting head of a central bank the u. S. Consul bank is even saying this member last year mark carney said that as he was exiting the bank of england he said that the dollar is no longer fit to be the worlds reserve currency and that we need these additional currency sort of s. T. R. Sort of currency to replace that and this earlier this week we saw a drone powell stated that he would dread a day that Digital Currencies take over the Current System and the u. S. Dollar would not be the old reserve currency anymore right its