Because Network Effect has forced traditional financiers to change their tune on the digital currency. And this is black rocks, c i o, o of fixed income, he told c. N. N. B. B. C. Last friday. His name is rick reader, he said, big queen is here to stay while conceding, that he is not a big bowl reader, said the flagship currency will quote, take the place of gold to a large extent because it is so more functional than passing a bar of gold around, right . This is a remarkable statement because weve heard the argument that big coin is goal to point out that its a prayer to gold, but that has come from the internet from social media, from heterodox thinkers like ourselves. Its not come from a 7 trillion dollar managed fund like blackrock and were hearing it from other folks like Paul Tudor Jones stent arthur miller. And although theres 100. 00 trillion dollars out there looking for a home as part of a managed money environment, they are 7 percent of that 100 trillion dollars of only one
Over the recent Police Clearance of a temporary migrant camp and parents. And the developers of russias new vaccine say its not just highly effective, but also highly affordable costing as little as 20. 00 per your world News Headlines for this hour. My colleague neil harvey will be taking over in just about 60 minutes. So on behalf of the r. T. E. International team, thanks for watching. And we hope you have a great day max keiser. This is their report. Have we hit peak bitcoin . That is a good question because you know, more and more billionaires around the world are getting into big queen and massive sort of Asset Management. Companies like black rock are getting into big. So max keiser this week, you tweeted the serious big question is developing a supply on exchange, dries up prices will start gapping higher looking for sellers. What do you mean by this max kaiser . But remember the old peak oil or peak gold arguments that were running out of oil are running out of gold. That of c
New fresh printed euros. I believe it was Christine Legarde over there at the e. C. B. In the past week. She said they will never run out of your us that they could print. So theyre printing printing printing. And in the meantime, we have these major billionaire investors. Weve covered almost all of them entering the big question space, calmly fomalhaut alang as we call it. So theyre removing their big question from the exchanges. Unlike in 2017, when it was a bunch of Retail Investors around the world who panic bought and panic sold, you know, these guys are, you know, steady calm, just gobbling out all the big kind they can get and removing it to their hard wallets, their own. Under their own control, right . Still waters run deep. And what were seeing on the exchanges, all the major exchanges is that their inventory of coin that they keep on hand to make markets is disappearing. Theyre running out of coins and very few coin coming into the market. And just the 4 biggest institutiona
Commodities as well, as stimulus negotiations have gone nowhere, and the outcome of next tuesdays election still unclear. The dow having its worst day in more than four months. At its lows, a loss of 965 points. We are still down 750. We have the s p down 74, the nasdaq bleeding about 225 points. Wait until we show you the dow jones transports as well. Its not a pretty picture. We have our Market Mavens on high alert. We are filling the show with top voices and names to help you make it through this hour. Ceos are also on high alert as well. The ceo of the toy giant that makes those uberpopular lol dolls is here on what hes seeing with early Holiday Spending, but also, whats behind his 11th hour decision to change his vote from joe biden to donald trump . Mga entertainments isaiah larian explains the one thing behind it in a fox business exclusive. The hard numbers are in. The wall street journal has done some serious groundwork and now says the Trump Trade War with china and europe hu
Blocked a story on hunter biden. The whole thing is insane. Joe biden is a corrupt politician. Ive been saying a long time. Everybody in washington knows it and the Mainstream Media doesnt want to cover it. Charles well get reaction from a New York Post editor coming up. Trump sounding off on the stimulus standoff. I would go higher. Go big or go home. I said it yesterday, go big or go home but nancy pelosi doesnt want to give anything. Charles Mitch Mcconnell also throwing coldwater on the idea. Arizona congressman andy biggs joins me at the bottom of the hour. All that and so much more on making money. Charles the market woke up on the wrong side of certainty today. I guess it is appropriate because today is national grouch day. The guessing game runs amok. There are a lot of influences on the action or inaction today. I think the better way to look at the market is not the news because none of it is really new or newsy per se but the question is, whats going to be the next catalyst