This is causing 2 things the overlord class are becoming fabulously wealthy and the peasants are revolting weve got a good old passive peasant revolt down america and where that go im not sure you know if you look at the bottom 99. 9 percent as weve been pointing out over the past few weeks is they are starting to mimic the top like hollowing out the economy looting the economy and thats a way to get wealthy because it does indeed pay off in our economy for the top one percent especially the top 0 point one percent so you know in particular what were talking about is hertz and Chesapeake Energy Chesapeake Energy as one of these big trackers they started the natural gas fracking business that what you know they were one of the pioneers of this whole space well when news broke on sunday night monday morning that they were going to go bankrupt well you know in america when you go banker. Its in chapter 11 we declare chapter 11 what happens is your creditors line up to see who gets the deb
500 stocks down over the last 10 weeks today was the 3rd straight day with over 6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now thats not abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this tendency to be a quote discounting mechanism but what were seeing here is not a discounting of prices based on some fundamental analysis of the economy what were seeing is an utter divorce an utter split from the real economy and the financial ised funny money fed driven casino that is now taken over the globe this is causing 2 things the overlord class are becoming fabulously wealthy and
Well i think you might be talking about our stock markets these days driven by fed liquidity and well whole bunch of people in america 100 over 100000000 got free money remember and free money what do you do you spend free money the crazy with free money its like walking into the casino and they give you some free drinks and free chips and they say go at it well not a single s. And p. 500 stocks down over the last 10 weeks today was the 3rd straight day with over 6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now thats not abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this ten
Little speed calculator on here. And it is about 12 miles an hour. Thats awfully slow coming in on 205. Coming into the livermore area, looks good. A little slowing here at the dublin interchange. And not too bad. But just you get down to about 20 miles an hour, when you make that transition to 680, if youre going that way. This is a look at highway 4 westbound. Looks pretty good, driving through the area. Highway 24 also still good. And when you get to the east bay, the commute is still all right. A little at the bay bridge toll plaza. Seeing a little backup, developing at the bay bridge here. 5 01. Lets go back to the desk. A bay area billionaire man announced his report today. Tom steyer. Ktvus sarah zend an ham is on still crowded field. Reporter you might remember tom steyer said he wasnt going to run. But he has changed his mind. His Political Group spent more money backing political candidates in 2018 than nearly anyone else. Just a few months ago, he spent millions of dollars o
Napa, 74. Today, 79. 82. 64, 77. Those are warmer. But theyre also below average. The system will bring rain to Northern California. By that, i mean, extreme Northern California. And points north toward portland and seattle. If you have travel plans there. We will get ready for the rain. Mostly sunny skies. Theres still an onshore breeze now. 50s with the temps. A few 40s to the north. 40sto 50s. Lima valley. 56. Thats quite cool for this time of year the fog will peel back. And except for a few high clouds. Golden gate. A nice day. Upper 60s, low 80s. 6 01. Sal is here. The bay bridge. People want to know what the bridge is like, coming into San Francisco. I think for right now, its pretty typical. We just say its about a 20 minute wait. Lets go to it now and look at the toll plaza. You can see traffic is going to be backed. Its not a lighterthanusual day. This is a look at interstate 880 in oakland in front. Coliseum. If youre driving down the peninsula, it looks fine. And if we can