Actual and of the dollar when the fed cut on sunday night just as it had by the way in march of 2008 during the financial crisis in the beginning when bear stearns collapsed here we saw emergency rate cuts of 100. 00 basis points down to 0 it took them down Interest Rates down to 0 percent essentially and the markets tumbled the dollar is something weve been talking about for many years and its the only store of value at the moment everything is collapsing against the dollar so how long will that last probably not a long time because. As weve seen during brain woods or through the plaza accord of the 1980 s. Theres going to have to be a global coordinated sit down to rearrange the global 4 x. Market we arrange the global currency grid and the dollar is not the thing were going to have to match against because that runaway value on the dollar is whats causing. This deflation and thats whats causing this global depression part 2 so theyre going to have to rejigger the global currency gri
America strikes back after two u. S. Troops were killed in iraq. A very busy friday early today starts right now and what a week its been and we have made it to friday im frances rivera. And im phillip mena. We wake up to a country on hold. As the coronavirus continues its unrelenting spread from cascading cancellations to disruptions in our everyday lives. Americans now prepare for our new normal heres what we know at this hour the number of cases here in the United States have passed 1,600. Meanwhile, new york state has declared a state of emergency. Banning all large gatherings theyre also opening a public drivethrough testing facility at the epicenter of the outbreak in new rochelle. And just across the river in jersey city, the mayor has imposed a curfew on bars and clubs to 10 00 p. M. Its all in an attempt to contain the virus. Hes also asking bars to take attendance if they have over 25 people inside. After revealing their shocking coronavirus diagnosis, tom rainks hanks and hi
Weve talked about the death of the dollar and the ultimate demise of the dollar and its not just targeting the United States its not just specific to them it is about the currency system because we have been and a unique experiment since 1971 where were on an all Dollar Standard and we pointed out that on march 8th sunday march 8th the petro dollar era ended it was sunday march 8th that was the end of the petro dollar when saudi arabia flooded the walls with oil and cut the price of a barrel well even by 10. 00 this past sunday the 15th of march i believe was the actual and of the dollar when the fed cut on sunday night just as it had by the way in march of 2008 during the financial crisis in the beginning when bear stearns collapse here we saw emergency rate cuts of 100 basis points down to 0 it took them down Interest Rates down to 0 percent essentially and. And the markets tumbled the dollar is something weve been talking about for many years and its the only store of value at the m
Actual and of the dollar when the fed cut on sunday night just as it had by the way in march of 2008 during the financial crisis in the beginning when bear stearns collapse here we saw emergency rate cuts of 100 basis points down to 0 it took them down Interest Rates down to 0 percent essentially and the markets tumbled the dollar is something weve been talking about for many years and its the only store of value at the moment everything is collapsing against the dollar so how long will that last probably not a long time because. As weve seen during brain woods or through the plaza accord of the 1980 s. Theres going to have to be a global coordinated sit down to rearrange the global 4 x. Market we arrange the global currency grid and the dollar is not the thing were going to have to match against because that runaway value on the dollar is whats causing this deflation and thats whats causing this global. Part 2 so theyre going to have to rejigger the global currency grid and as all wit
Of the 1980 s. Theres going to have to be a global coordinated sit down to rearrange the global 4 x. Market we arrange the global currency grit and the dollar is not the thing were going to have to match it against because that runaway value in the dollar is whats causing this deflation and thats whats causing this global depression part 2 so theyre going to have to rejigger the global currency grid and as all with they always come back to gold theyre going to do a whole recalibration of the global currency markets against the against gold so thats the only way out of this gold has sold off magnificent leads hugely so its bitcoin because down 45 percent by one day last week so there will be turmoil it doesnt move smoothly look at the lady 810000 945. 00 that was a what you could call a very tumultuous period but in terms of the dollar yes it is stronger right now it is going up in many. And sees this is something that weve been tracking for over a decade here and one thing people need