Time max kaiser this is the kaiser report well you know things are turbulence and weve got a lot to cover so stay see whats happening yes max weve been talking about this preparing you for years for this this financial pandemic its not too much of a shock we are seeing very 929. 00 or 987. 00 sort of like plunges in the stock market and of course those rallies that followed 929 in fact here is the headline from dow jones market watch this plunge looks a lot like the ones that rocked stocks in 1929987200 extension 8 if it keeps tracking a lookout well this is an interesting that theyre making the 929 comparison because it reminds me back in 2008 speech made by ben bernanke who was then running the Federal Reserve he was a successor to Alan Greenspan and he was doing this great lecture about how they cure the crisis of 2008 because they have something that they didnt have back in 1929 they have the Printing Press and this began a continuation of what Alan Greenspan did in the 1987 crash
Because it reminds me back in 2008 speech made by ben bernanke who was then running the Federal Reserve he was a successor to Alan Greenspan and he was doing this great lecture about how they cure the crisis of 2008 because they have something that they didnt have back in 1929 they have the Printing Press and this began a continuation of what Alan Greenspan did in the 1987 crash was to print their way out of all problems and the idea was that oh we can stop printing at any time and this is all been proven to be false you cant taper a ponzi scheme furthermore they claim to be fighting deflation by all this printing and yet what they created was deflation and deflation in the sense that what were seeing now markets are collapsing and the dollar is rallying thats a hallmark of deflation why was it why is it what why did this happen because of money printing because the money printing gave a lot of cash to the worst actors. In the economy the zombie banks pushed out all productive economy
A hallmark of deflation why was it why is it what why did this happen because of money printing because the money printing gave a lot of cash to the worst actors in the economy the zombie banks pushed out all productive economy and we end up now with an official postmortem to what started in 20082008 was the Global Financial crisis this is part 2 and this is the death you and i were reporting 2007200820 extension 09 through the entirety of the financial crash we started at Something Like 5 and a half percent Interest Rates at the fed so they were able to cut rapidly once bear stearns collapse in march of 2008 remember they did a 75 basis point emergency on the sunday night also Central Banks were coordinating and working together we were not yet in the process of rapid declination this time we are in a process have his ation so though. Gold is very volatile i think youre going to see more Central Banks start to try to accumulate whatever is available for this post crash whatever is goi
Max kaiser this is the kaiser report well you know things are turbulence and weve got a lot to cover so stay see whats happening yes max weve been talking about this preparing you for years for this this financial pandemic its not too much of a shock we are seeing very 929. 00 or 987. 00 sort of like plunges in the stock market and of course those rallies that followed 929 in fact here is the headline from dow jones market watch this plunge looks a lot like the ones that rocked stocks in 1929987200 extension 8 if it keeps tracking a lookout well this is an interesting that theyre making the 929 comparison because it reminds me back in 2008 speech made by ben bernanke who was then running the Federal Reserve he was a successor to Alan Greenspan and he was doing this great lecture about how they cure the crisis of 2008 because they have something that they didnt have back in 1929 they have the Printing Press and this began a continuation of what Alan Greenspan did in the 1987 crash was t
In the show. Hello and welcome to another fun filled efficient of euro max with me your host meghan lee heres a look at what else weve got coming up on the program. Clerkenwell became trendy district in the british capital london. And wine tasting at europes northernmost vineyards in norway. But we start off the show with innovative ways to save the planet nowadays its simply not enough to just recycle instead more and more people are turning to upcycling especially designers their slogan is the waste not want not now one clothing designer in madrid uses everything he can get his hands on from old plastic bottles to tires to create items for his fashion label his motivation is because there is no plan b. Lets find out more. Transformed into quilted jackets hold plastic bottles become backpacks just 2 of the items made by the label. Sneakers and jackets almost everything in this madrid shop is made from recycled material. Founder is going to check out the idea for the label 2009. The in