Standard and there was nothing hooking our Financial System or our economies to anything real so fantasy could erupt we could have a fantasy economy around the world and then it started to really hit the peak we went so deep through the Looking Glass that we had that fracking with the red queen centrum right 1st of all they were never making any money but they had to keep on drilling faster and faster and more and more just to stay in the same place now were through the Looking Glass in the totally at the end of it in the past 2 years and all that is beyond that is a black hole and spaghettification because right now you know when we got to negative Interest Rates when time had no value that was one thing and we told you we were shocked we were like alarmed by this then now we have the negative in the negative cost of of energy so like does equal mc squared any longer. Yeah i see where youre going with that and you know looking back at the history of the can omics i guess you could say
Sensed this said he project our or our earth was immediately red flagged as trouble as a place that needed to be cleaned up well this episode needs to be cleaned up so were going to return to this this notion of the space time continuum being broken via derivatives breaking our real world one of the things we saw is like this sudden realization that everybodys going through at the moment for example that hey those wall street 1000000000 years you know that we were celebrating as heroes back in 2008 they were not the heroes if all of the a sensual workers who is essential to our economy were finding our the lowest paid now that is through the Looking Glass thats the mirror image of what you think should happen the other thing is once in 1971 we went off the Gold Standard and we went on to. U. S. Dollar standard well we were no longer able to measure wealth and to create wealth and to understand how our capital was being deployed whether it was being done efficiently and the best use of
That it is doing something, so i applaud every one of you for doing that i know how hard it can be. Im very lucky to have this house and this family, but its tough so i applaud you guys. Thank you for staying home lets flatten that curve we have a great show tonight Kerry Washington is on the show shes a good friend of our show and she has a new show called Little Fires Everywhere that her and Reese Witherspoon are starring in on hulu. And get those two together, im there. Ill watch that show anytime her charity is medshare. Org. And we thank kerry for coming on well be talking to her later in the show. Also, Andrew Rannells from the show black monday will be on the show, on showtime. Andrew, he was supposed to be our show friday before we left the studio his charity is meal train. Ive never heard of this this is a new charity to me, but its fascinating how theyre feeding people that are on the front line. It and i think kind of an unknown charity so thats a great thing to to broadcast
Hitting new all time highs in currencies everywhere in the world that will soon be having a new all time high against the u. S. Dollar because it is Holding Steady its all the great it started out at 1. 00 its now you know hovering between 7. 00 and 9000. 00 per because. You know this is the store of value the safe havens that people are going to run to when money becomes worthless and negative rates become the norm so money is worth less than nothing its worth less than the toilet paper people are hoarding as a matter of fact toilet paper percy is now worth more than a dollar per sheet in some instances people are paying 67080. 00 a roll for toilet paper that is an exponential growth in the price of a sheet of toilet paper paper that is indeed correct and of course i do want to remind you we are in the middle of a bit of a pandemic and which youre supposed to wash your hands all the time and not touch your face so please max do not touch your face otherwise that clip will go viral you
Exponential pandemic which is hitting the mortality rates go exponential as you get older is not fun to turn a year older in the middle of a pandemic but before we get into that exponential growth of the pandemic lets look at the result of the exponential growth in debt over the past few decades chis report of course has been reporting on this non stop for the past 10 years and i want to look at these 2 charge is the 30 year treasury and the price of oil if you turn it upside down. You see the exponential its going exponential down 30 year treasury yield is well below a one percent oil price obviously we collapsed 30 percent on the opening on monday of this week the price of money whether its cash 2 year note 5 year no 10 year note 30 or no is approaching 0 so money has no value whatsoever gold is hitting new all time highs in currencies everywhere in the world that will soon be hitting a new all time high against the u. S. Dollar because it is Holding Steady its all the great it start