Congressional Budget Office testify before the Senate Subcommittee on physical response ability and Economic Growth. Thank you all for participating. I think it will be good. Im sorry we cannot have it in a more, what to say, a more kind of formal setting because it may have been better because im not sure if there is any hearing we have that was more important than this. Our Witnesses Today will be philip schlagel, director of the congressional Budget Office and jean todaro who is the comptroller general of the United States and head of the u. S. Government accountability office. With that i will make my Opening Statement and then turned to maggie, my Ranking Member, and then Ranking Member wyden for the entire committee has a statement he would like to make as well. Again, thank you all for being here and im grateful to all who are there during us by internet. Todays hearing will address the topic that was shied away from Syrian Refugees and when it comes to our health we make choice
Contributor. What do we look out for . Spin is the only substantive issue to discuss with respect to this debate, but theres a Closing Argument to be made here by both President Trump and joe biden. Joes Closing Arguments have been about coronavirus. We see spiking in the midwest, and globally a worsening of the situation. Donald trump has chosen to tackle issues such as hunter biden and corruption within the biden family, which is a repeat of his Closing Arguments against Hillary Clinton in 2016. We will see if they have the same impact. Americans have already voted. Why will tonight move the dial . Rick well, it moved the dial in the first debate a bit. No question, the polling taken after the first president ial debate had biden consolidating his lead in almost all of the battleground states and nationally. Some of that has been given back to the field. Donald trump has improved since then. His numbers in states like pennsylvania and a little bit nationally. We know that people are
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