Being caught red handed lying and cheating seems bold but that said what are they lying and cheating about car emissions its like if i sold you a car and guaranteed you it doesnt pollute the environment and youre not going to get fined for driving it ok and then you do for example if you drive a Mercedes Benz right now this may have happened to you investigators say the company that produces Mercedes Benz that produces the 280000 seat class and eat class vehicles that they were outfitted with a trick gadget that fooled people into thinking the car was not polluting when in fact it was. What was it it was a special kind of software that allowed it to pass emissions tests by essentially cheating thats what it did made it think that there was no pollution coming out when there was more the maker of mercedes has recalled 700000 cars 700000 while the investigation of mercedes continues and were going to drill down on this for you on this investigation volkswagen is still reeling after getti
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The corona virus pandemic which has caused a lockdown and near halt of business worldwide is going to have a lasting effect on the Global Economy but just how bad will it get the International Monetary fund on tuesday joins those who say it could create the worst financial crisis since the Great Depression. We are projecting Global Growth in 2022 full. To minus. 3 percent. Now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time this makes the Great Lockdown the last recession since the Great Depression and far worse than the Global Financial crises the i. M. F. Chief economist said there will be a partial recovery in 2021 adding the overall g. D. P. Will remain below pretty virus levels the comments come weeks after u. N. Secretary general and tony terras made similar comments saying the pandemic will bring a recession that has no parallel in recent years and that it is the worst crisis since the 2nd world war meanwhile the w
All down we have a packed show today so lets go and dive right in. And there are Big Questions surrounding badly needed medical supplies and facemask that are currently sitting in warehouses in china the u. S. State department claims that u. S. Bound face mask test kits and other medical equipment urgently needed to fight the corona virus is not leaving china thanks to new chinese export restrictions those supplies are supposed to either already be here in the United States or at least should be on their way and yet they are not according to the wall street Journal Health care equipment maker perkin elmer nk based in massachusetts is unable to ship 1400000 test kits for co but 19 the disease caused by the new corona virus from their souse out factory because it lacks certification required by the new rules and then there is 3 m. Corporation based in minnesota which says that its end 95. 00 respirator masks are stuck in shanghai. The claim from 3 m. Is that a shanghai vice mayor has tol
About mortgaging our future because this is something that you and i have been talking about here in keizer point for years of course all of this debt and all its feet out since 1071. 00 has not has come at some cost we feel like its been costless because money printer so they can keep on printing it we think like hey i can keep on buying stuff i could buy every year put it on lease i could buy a bigger mcmansion every year and its going to be better and better and better well its actually been mortgaging our future which is one thing if its mortgaging your own future but its been mortgaging those who have no choice youve been mortgaging the future of people who dont have any say in it were going to get to that but before that i want to talk about this quarantine situation because were in this global quarantine and somebody mentions a great interview quarantine max kaiser is best max kaiser and that is something true because of course corona means crown kaiser means king max means king