Polls indicate he may fall short of a majority. All right that doesnt mean coming up at the top of the hour weve got more headlines with. Keyser this is the kaiser report you know we talk a lot on the show many years about economy and currencies and what makes a currency really what makes a currency is scarcity for example gold is a currency its money because its scarce thats the primary reason people use it as money keynesian economics or socialism is usually unworkable because the people who are organizing it think that well you can just print all the money you need you need a program print more money theres socialism for banks on wall street as was pointed out recently one of the big president ial debates you know bank gets in trouble just print more money well whats the ultimate scarce commodity what is the ultimate scarce commodity think about it what is the ultimate scarce commodity. The most scarce commodity of all time and that isnt the headline here ikea becomes 1st retailer t
Scarce commodity think about what is the ultimate scarce commodity. The most scarce commodity of all time and that isnt the headline here ikea becomes 1st retailer to let customers pay using time ikea is now letting customers pay for goods with their time yes thats right the more time customers spend travelling to ikea the more they can buy because beginning from this month ikea dubai is running a campaign that will allow customers to spend their time as a currency simply by showing ikea checkout staff their google maps timeline which proves how much time they spent travelling to ikea stores now this is fascinating on a number of Different Levels 1st of all ikea is recognizing that time has value time has value in traditional Financial Markets time also has values and its expressed in an Interest Rate a 2 year bond 5 year bond 10 year bond would yield greater interest because it is good for a greater amount of time and time has value so its remarkable that we live in an era in the 21st
People who are organizing it think that well you can just print all the money you need you need a program print more money theres socialism for banks on wall street as was pointed out recently one of the big president ial debates you know bank gets in trouble just print more money well whats the ultimate scarce commodity what is the ultimate scarce commodity think about what is the ultimate scarce commodity. The most scarce commodity of all time and that isnt the headline here ikea becomes 1st retailer to let customers pay using time ikea is now letting customers pay for goods with their time yes thats right the more time customers spend travelling to ikea the more they can buy because beginning from this month ikea dubai is running a campaign that will allow customers to spend their time as a currency simply by showing ikea checkout staff their google maps timeline which proves how much time they spent travelling to ikea stores now this is fascinating on a number of Different Levels 1
Anymore. A lot of Global Markets are closed or for boxing day. Uk, germany, france, australia, italy and hong kong. I say it every year. Boxing day has nothing to do with boxing as a sport as a child, i always thought that u. S. Futures, we have some green arrows dow looks like it would open up about 30 points higher 10year note opening about 1. 97. New this morning, china says it is in close touch with the United States on signing a phase one trade deal both sides are 12i8 going through necessary procedures before signing despite progress on trade, tensions remain. Meantime, saying the phase one trade deal is, quote, an enormous step in the right direction. It is coming. It is coming it is done in your mind what we are going to get is what weve gotten. Phase two, i wouldnt think about it again like ever, ever no. Let it go. Gone for good oregon for the election . I think you need a change in leadership of china before we see anything significant even if trump wins in november of 2020,
And a special appearance by john lithgow. Featuring jon batiste and stay human. And now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause stephen the hey, happy holidays fantastic hello hows it going. Hi hey, jon. I like it. Happy wednesday. Stephen Stephen Stephen Stephen Stephen stephen hi so nice. Wednesday, right . cheers and applause stephen thanks, everybody, up there, down here, all around the world, all my friends and neighbors. Welcome, one and all, everybody, everybody. Welcome to the late show. I am your host, Stephen Colbert. Lets get right to it. We dont have any time. We dont have a minute to waste here. Its almost christmas. Im busy, youre busy. Ive got an oven full of snickerdoodles i have to finish the monologue before the timer goes off. Its just after six clrks as we speak, the full house of representatives is still debating the articles of impeachment. They havent voted yet, but im about to go on vacation, so im jus