People an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capital system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a tough talker see run by Central Banks and the worse it gets the more they pay themselves and of course low Interest Rates re the crisis worse because low Interest Rates drained the economy by all capital and without it you will at the 1st. Encounter with a pandemic like cove it you all have an existential threat and maybe or maybe not the us survives its up its an open question whether or not the Monetary System survives is what is being called into question and here they are doing the equivalent of oops my bad even though the report has been warning about this for years they could have listened to
Lockdown has shifted the way people relationship with their bosses of their companies and how to account for costs in a down to the granularity of toilet paper and the only industry i know where toilet paper costs are incorporated in the p. And l. On a monthly or weekly basis is in the prison business in prison people are very parsimonious with their toilet paper and its all accounted for due to the nature of that industry so this is what coronaviruses done is created this Prison Planet type of situation certainly and the workers in the netherlands 80 percent of them are wrecked are basically part of organized labor they have collective bargaining so this is what theyre fighting over is 2. 02 euros a day for toilet paper that they now have to buy a home that they used to use at the office on the. Is this apparently considered a right across the rest of europe we see spain has obliged employers to pay for home office meat and some equipment germany is debating a bill in training Remote
Graham boston fed president aircrews a read said years of low Interest Rates that encourage risk taking are making the current economic downturn worse he specifically cited low rates persisting for an extended period even after the economy had made progress in the recovery that can create problems well this is obvious you know as ive been saying you cant have capitalism without capital you cant have capital without giving people an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capitalist system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a club talk or see run by Central Banks and the worse it gets the more they pay themselves and of course lower Interest Rates re the crisis worse because low Interest Rates drain
Russian evolutionary biologist claims the pandemic currently paralyzing the globe can mutate into around 20000. 00 variants i think its a blessing the corona virus is approved moves slowly and our new viruses but still its a very quick process those are headlines for this hour for more details on your latest news stories make sure to check out our website archie dot com and follow us on your favorite social media platforms thanks for watching r. T. International and have a great day. Max kaiser this is the kaiser report you know weve broken a lot of stories over the years the hoax that is the fracking industry we broke the global insurrection against banker occupation. A bunch of other ones that we were in the lead covered it nobody else did i think no weve got a tiger by the tail here i think were in the midst now heading of the torch from the u. S. To china the through saturday strap is upon us. It just gets more and more evidence coming in stacy well of course we were also well ahea
High Household Wealth is allegedly at an all time high in america and yet you read a headline like this 10 percent of adults did not have enough to eat in the previous 7 days Census Bureau stats show an increasing number of people are struggling with rent food and job losses due to covert so this was the Census Bureau households polls survey and they i guess they looked at 249200000 American Adults and they found that 134200000 had enough food of the right type 63800000 had enough food not necessarily the right type 17300000 sometimes to not have enough to eat 4900000 often did not have enough to eat and 29000000 did not report the grail arity of just trying to have minimum calorie intake per capita to keep workers alive to click on from their casino gulag hubbles of which they may or may not have to pay for their own. Toilet paper the corporation of course has Artificial Intelligence tools and data big data as its called to maximize their yield the average consumer is the on the other