A big issue for economy well thats true as anyone knows that weve been saying now for years that you cant cure debt with more debt they have some mainstream economists like paul krugman that says that that is completely meaningless but even the interest on this meaningless that is now bigger than the you know arent comparable to what money is spent on defense so its become a problem and a lot of the debt by the way in the United States right now is corporate debt theyve incurred 3. 00 trillion dollars in debt to buy back 3. 4 trillion dollars with the shares so youre swapping the real assets of the company for the make believe which is debt reduced actual assets its a make believe for equity swap yes right remember in raiders of the lost ark where he swapped a bag of sand for the Golden Nugget on the pedestal and then the big boulder came to chase and this is whats happening in the markets are replacing equity with a bag of sand or nothing. And another big boulder of massive debts comi
The beginning of a new struggle of a new battle the legal one when russia takes its case to cast the court of arbitration for sports analysts and switzerland and we are expecting this to be made quite quickly before the end of this year where the decision was balanced on the basis of the proofs i have my doubts here because what is not clear to me is how they did find out that there should be many people asian on the russians who is. Guaranteeing that data is from the restall blower were not money that it causes reputational damage to the russians board because everybody is now thinking that the russian at least or all dog which is of course not true and. Put only on russia we all know a lot of doping cases or coming also from all the nationality and that means. Now actually easily to beat one side. I think staying with r. T. Join me for updates on our top stories and often a. Good politicians to do something. To put themselves on the line to get accepted or rejected. So when you want
And thats it for me Andrew Farmer will be here with you next hour to take you through all the news from around the world and stay with us for the kinds of reports next here on r. T. International. I am max keiser this is the times a report you know. Is a truth. If youre predisposed to being crazy crazy or if you predisposed being honest. More honest and in the case of some politicians in washington who are predisposed to being crazy off the wall. Who more so well of course and i to say says the government by and for the people a lot of our officials especially in congress dont believe that the people are smart enough to know whats best for them so we have brad sherman be an imbecile again in the past week and a half and the thing that i think is quite important for this is the process of de dollar is a sham that is going on and a lot of the stuff you see the turmoil in the repo markets the turmoil in the gold markets the turmoil in certainly political and geo political realities is rev
Report straight ahead stay with us. This is the kaiser a party of all or that expression if you find yourself in a hole stop digging sounds logical right now for one particular industry. Well thing indeed in fact there are 2 industries and weve talked about them often thats the Tech Industry we have the tech bubble 2. 00 with we were left peloton all of those sort of companies and we have the fracking one and thats important for this 1st headline for wall street dot com because he looks at all these bubbles going on what he says is heres what im worried about with the everything bubble how cash burn machines power the real economy and what happens to the economy when investors refuse to have more of their cash burned so he calls it the cash burn machines these are investors willing to just keep throwing money into ever losing operations we work. Of course theyve been losing money for 10 years or less in the case of we work but they keep on throwing money and theyre willing because ther
Arsonists but they get to keep a nice a souvenir like a 1000000000. 00 mitt romney is a good example of somebody who made a business out of this and eventually you run out of the free money runs out in the case of venezuela for example this is a true fact they actually ran out of ink to print the money that they were burning. That was the end of that weve seen over the past 3040 years Interest Rates have been declining and declining and declining and declining so theyre always able to roll it over and sell it to another chump because theres always another chump at the end of a declining Interest Rate curve so however what weve seen since the financial crisis since 2003 is not only our Interest Rates the climbing but the fed keeps giving their friends the free money and hoping that its going to trickle down well never trickles down because theyve kept everything private they kept all of those unicorns as tech uniforms which are on paper they were. Worth billions and billions and billion