Oh hi im max foster this is the kaiser report you know there seems to be a bit of panic in the air. Play lets check in with Stacy Herbert i dont more max as you know weve had 4 years of a lot of political turmoil and starting to spill out into the streets everywhere you look not only in the United States but around the world and Rand Corporation might have an explanation for this now remember Rand Corporation a fear if you are around in the seventys they were part of the pentagon papers right it was identical ellsberg released the hundreds of pages of research they had done on the debacle that was the vietnam war and now they have basically done some research on the debacle that is fed policy of creating can tell you nairs since 1971 so the top one percent of americans have taken 50 trillion dollars from the bottom 90 percent and thats made the us less secure this is according to Time Magazines interpretation of the Rand Corporation findings that breaks it down to actual numbers everyb
But you were talking about the dow being in positive territory for the First Time Since september 2nd. Stocks in china reopened after a week long Public Holiday they both jumped by more than 2 the shanghai composite was up by 2. 6 lets take a look at where things stand right now in europe where there is some trading taking place you can see the markets are open there and theres a bit of a mixed picture. Its actually a little bit higher ftse 100 is right around the flat line, andrew. Hey, becky. Weve got so much going on this morning. Weve got this is squawk planner, two major tech events first amazon sales day it begins after it was postponed, if you remember, back in july. Now running two days, starting at midnight tonight eastern time so watch out for that. Ive already scheduled it and then Apple Holding the big event tomorrow the launch event expected to unveil the new iphone. Everybody looking for the new 5g iphone it will include the first major exterior redesign since 2017 and we
And the takeover by the economy by financialization wall street commodification and derivatives through salt is just that the money is divert it through Financial Engineering through 0 percent Interest Rates is negative Interest Rates through repo scandals through all the financial scandals the recovery on the show for 10 years every single one of those points to one underlying story in fact that wall street financial engineers the kleptocrats divert the money printing into their pockets at a rate that according to the Rand Corporation equals more than 50 trillion dollars so that is your smoking gun thats why we have social unrest thats why we have incredible wealth and income gap thats why we have such a distorted economy thats why wages are not keeping up thats why weve got inflation raging thats your smoking gun end of story thank you its been great have a great life no kidding as i said the Rand Corporation had revealed through Daniel Ellsberg the the sacrifice of all the young peo
At the actual data and say actually this is how much it is is 50 trillion dollars now since 1974 right after we went off the Gold Standard right well theres an explanation of this using Financial Engineering and you can get into the minutia of that but just imagine that theres a pipe that leads from the reservoir to the town and youve got a bunch of bankers to figure out how to take that pipe and direct it into their pockets and it never reaches town so this is the problem of the reservoir being fed policy the pipe being. The Economic Policy and fiscal policy and the takeover by the economy by financialization wall street commodification and derivatives through salt is just that the money is divert it through Financial Engineering through 0 percent Interest Rates is negative Interest Rates through repo scandals through all the financial scandals the recovery on the show for 10 years every single one of those points to one underlying story in fact that wall street financial engineers th
You have actually read the book. Unlike all those other miami who interviewed you, i read the book and not only that, i highlighted it. I made notes. I come on. This doesnt happen in movies where the movie critics dont watch the movies but i happens in books. People talk about books without reading them so grateful to you. People say im work off your wiki page. And i just want to be a better journalist than everybody else. I feel like i can do better than Rachel Maddow right now. I would dont go deeper. We have more time, congratulations on the book. I thought it was really great and helped organize a lot of ideas pout what is happening at fox news that we all wonder but which is how this happened, how destructive is it, and is it ever going to get better or just a part of our world at this point thats never going to change . Ill start out with other question how you got into journalism. I get the sense from the book and you didnt spend a lot of time on this, that you were a journal gl