Case against him to be dropped. Those are your headlines my colleague your heart will be here in an hours time with another look at the headlines i want to argue International Stay with us. The low end welcome to cross top where all things are considered on people about economics is called the dismal science for reason it is often imprecise and almost always open to see what you want to see in many ways economics remains in our however the Economic Situation sets us all know is much more than about our its about the way we. Will live for this foreseeable future are we witnessing a recovery if so what kind of. Discussing the economy and more im joined by my guest daniela de Martino Bucci is an daoist she is the c. E. O. And chief strategist for Quill Intelligence a research and a linux firm she is also the author of fed up an insiders take on why the Federal Reserve is bad for america as well as they call mr Bloomberg View and in new york we cross to marshall are actually is a Research
Vice president mike pence, the number to call is 202 7488001. If you are a supporter of democratic nominee joe biden and kamala harris, 202 7488000. For independents, 202 7488002. You can also send us a text message at 202 7488003. And on twitter, we are at cspanwj. On facebook, we are at facebook. Com cspan. We want to begin with some breaking news. The headline from the Washington Post. Coastal towns nearly wiped out. The president yesterday got a firsthand look at the damage inflicted by hurricane laura. ,e covered many of his events his stops first in louisiana, later in texas coming two days after the category four hurricane slammed the gulf coast, leaving at least 16 dead in storm hit areas, many now with severe wind and flooding damage. Authorities warned that some people could be without Running Water or electricity for weeks, all coming in the sinlate augus. That is the president yesterday touring the damage in texas and louisiana. Cnn is reporting that the president will trav
You might say better late than never. Adam that is exactly what i would say. Better late than never but also powell and Richard Clara for the process. There is a reality going back to well before the Global Financial crisis that the phillips curve has been flat. This is a fancy way of saying you can have deviations in inflation deviations in employment to the upside and you do not get that much inflation for it. Then you combine that with the reality we have seen in japan for a long time and in the u. S. And europe for the last 12 to 15 years that when youre too close to zero on your Interest Rate balance, you cannot react as well as you should to policy and adjust policy. Fomc powell and the they unanimously adopted the statement before he spoke what jay powell and the fomc are saying is they are catching up with reality. And jay powell was framing this as we have to be realistic and pragmatic. This is how the economy has changed in our process must reflect the way the economy has cha
Any medical condition. And the u. S. Accuses china of sponsoring hackers to spy on American Companies working on a vaccine for covert 19. You know harvey has you covered it next hour with a fresh news update the kaiser report is coming up right here on our international if youre watching in the u. K. Or ireland its just. This is the kaiser report the world is. So you see its gave her thats what i see when i look at the headlines japan and the government will start paying us companies to move factories out of china japan to pay at least 536 1000000. 00 for companies to leave china now they are not heading back to japan they are planning on going to cambodia vietnam places like that other places in South East Asia right wow a remarkable and so why are they doing that. Because theres a period of. Japan as a close ally of the United States the United States is escalating their war 1 against china and there are 2 cities trap it could be game over on that on this whole the paradigm that weve
Whole the paradigm that weve known since 1971 of the u. S. Dollar standard china is crucial to buying art of our dollars accepting our lot of our dollars holding our dollars and then take me tains the supremacy of the u. S. Dollar but if this is over then this is over and its going to be a new start and i think that probably explains some of the actions out of the fat and out of the u. S. Treasury like steve mission was so benevolent such a good nice guy right here saying anybody who i got one of these p. P. P. Loans 4150000 or under basically just keep whatever who cut here cares what i got out of it you just take it i mean this sort of trashing of the dollar is an understanding by the elites by the guys who run the world who run the trade deals who who set global monetary and financial policy theyre saying its game over and we might as well just like to have a real good time while the you know in these last few weeks or months of this system oh right so. America the top 3 economies o