Economy to sink faster and you know so and i thought when he came into office he had some brains. But it turns out he is completely out of his mind so this is the end game of any system i think this is the 1st time weve had a global fia system all fast prior to 971 as weve pointed out many times we had the Gold Standard against gold you could devalue your own currency what we saw in the 1st Great Depression the global Great Depression was a beggar thy neighbor sort of policy so everybody you know reduce their own currency against gold faster and faster to try to beggar thy neighbor were seeing the same thing of course with the u. S. Dollar i think part of the problem is we cant really go negative well see you know. Alan greenspan this past week said the u. S. Dollar can go negative our Treasury Bonds can go negative however will that destroy the u. S. Dollar as a global reserve currency so europe going negative has kind of beggared by neighbor what trump is responding to i think when h
Everyone this brings to mind to shipwrecks one the poseidon adventure and the other the titanic on the poseidon adventure they had to realize that the ship it flipped over and it was upside down before they could escape you know and then what the titanic you have these negative Interest Rates and the economy is sinking but if you remember the titanic film or you know based on the titanic sinking. The front of the boat the back started to. Down into the ocean the tail of the. Not the but the tail. Flips up so those are those are the people who buy these negative rate bonds they have the sense that their value of their of their equity of their bhaumik what is going up as the titanic those the you. Economy heads points down to the bottom of the ocean and when it perpendicular on on the horizon there then the entire thing sinks so trump is we are about 5 to 6 degrees away from perpendicular perpendicular and trump is calling for busy more of a faster sinking he wants to you want to us the
I there im max kaiser this is the kaiser report have you checked out kaiser report dot com oh. Yeah its got legs and stuff and everything we talk about thats right stacy yes i kaiser report dot com i put all the headlines the links to the headlines we talk about you know what people always ask me that on the you tube so i thought why not kaiser report dot com and provide the links for people so that they can stop harassing me on twitter thats a good idea so speaking of harassing people on twitter that is basically the job of our commander in chief the president of United States don trump or at least thats what he thinks it is and he harasses people all day long on twitter in the past week he started this week off with harassing jay powell over at the Federal Reserve bank and he tweeted our economy is very strong despite the horrendous lack of vision by jay powell and the fed but the democrats are trying to will the economy to be bad for purposes of the 2020 election very selfish exclam
Wasnt just haven bonds being sold it was also Precious Metals. Gold is down and so is silver. The worst day for these Precious Metals going back to 2016. What makes this so interesting is the dollar index is flat. Investors just wanted out of the haven assets. Thats not entirely surprising. Looking at the gold chart that goes back over the last five years, we have seen gold stuck in a huge range between 1200 and 1400 area right now moving this year moving above it. We have seen the indicator put in lower highs meaning that we could see some consolidation for gold coming up ahead. If not for treasuries, the big story of the day would be the fact that we now have a record week for highgrade issuance. Hitting 74 billion now. Curve, the yield extent to which that the essential best potential recession indicator. Lets look at sprecher. This is the 10 year trouble be spread less the twoyear people be spread. A gauge of the riskiness and the time component among the companies that are clingin
Twitter major consideration to naming the far left group an organization of terror demonstrators are out calling for gun reform with democratic president ial candidates echoing. President trump aiming to bring the focus back to Mental Health. Well discuss that immediate future with chuck todd and later we revisit one of our sunday favorite sit downs with David Letterman. His Netflix Series and what life has been like in the four years since he left the air. Since i stopped being on the air, people are really, really nice to me were they not previously . There used to be a lot of there he is, get him get him. Our special twopart sunday sit down with David Letterman and harry smith and a life well lived. Lets begin with breaking news overnight isis is claiming responsibility for a bomb detonated at a wedding killing 63 including women and children the taliban condemned the attack this comes as the United States is working on a deal with the taliban. We approach 18 years of war in afghani