Whats happening President Trump is parading the fed once again saying we need negative Interest Rates because we are of course in a monetary war and a trade war with around the world hes pointing to europe having negative rates and that we cant compete with europe if we dont have negative rates against china of course hes always saying china manipulates their currency and they we have an free fair trade with them and here is a headline about that from china looking at the United States china u. S. Rivalry on brink of becoming a quote financial war former minister says the growing rivalry between china and the United States is at risk of becoming a financial war a former chinese finance minister said on saturday way chairman of the Foreign Affairs committee of the chinas people political consult of conference e p p c c National Committee he said quote the next step in the frictions between china and United States is a financial war it is characterized by the use of long arm jurisdiction
Excuses the block specific enterprises such as the bans on z t e and huawei of finance or the women talked about for a while finally the mainstream is kind of getting it to the side trying to figure out what exactly does it may and this pressure to go to negative Interest Rates is a stall just on steroids other words trump is saying we want to go back to the 20th century and the way to get there when america was pretty dominant and we want to get there by going backwards in time and the only way can do that is if you were to revalue the worth of time and take it from having a positive linear Going Forward positive Interest Rate having a negative Interest Rate remember europe is stuck in the past its a museum nothing ever happens there and thats what a donald trump would like to do would like to go back to the 1960 s. And 1970 s. When america was great and disco was was was on the turntable of course america. Runs their empire as an empire of debt and all of that debt is backed by deriv
American troops from the region. Because next for you will be back. Bring you the latest global headlines from this morning. Max kaiser a welcome to the kaiser report its you know one of those shows where you need to get your airsickness bag or your vomit. Were about to talk about one of the worst cases of predatory banks toures defrauding and abusing the poor and sick that ive seen in a couple years you know weve introduced you to many instances of bankers preying on folks and but this is this is a this is really epic yes well 1st lets set the scene you and i have talked about the Health Care System here in america where america is essentially a hospital but a predatory hospital masquerading as a country so Something Like 19 percent of our g. D. P. Is hospital care is medical spend is so called health care one of the largest employers in the entire nation is the Health Industry mostly low you know paid sort of help staff and Health Care Facilities like cleaning cleaning the floors and
Mix they dont provide health care they simply extract wealth are there such places similar to the Energy Industry extracting oil and gas from the earth or the bankers with their fractional reserve banking extracting Economic Vitality the Health Care Industry extracts peoples money from their pockets and makes them a lot more ill you know the infant mortality rate in americas up the Life Expectancy in america is down so i mean clearly this is not working now actually when i reach we did this somebody responded who wouldnt should use insurance. So were going to cover that what actually happens for those like ourselves say we pay 25000 dollars 26000 dollars a year for a Health Insurance product one thing to note is that only most Health Insurance products the vast majority in america only cover in network well when your Health Insurance provider negotiates network price. Says with a very particular hospital or particular you know doctor but did you know that most of those hospital Emergen
Now next hour. Max kaiser a welcome to the kaiser report its you know one of those shows where you need to get your airsickness bag or your vomit. Were about to talk about one of the worst cases of presence or a bank stirrers defrauding and abusing the poor and sick that ive seen in a couple years you know weve introduced you to many instances of bankers preying on folks and but this is this is a this is really epic yes well 1st lets set the scene you and i have talked about the Health Care System here in america where america is essentially a hospital but a predatory hospital masquerading as a country so Something Like 19 percent of our g. D. P. Is hospital care is medical spend is so called health care one of the largest employers in the entire nation is the Health Industry mostly low you know paid sort of help staff and Health Care Facilities like cleaning cleaning the floors and changing nappies and stuff like that and they get paid like minimum wage but heres a story that went vir