Guys are this is the poor boy weve got a shocking story involving a french guy Bernard Arnault you gotta love it well bernie erno you know he owns a major versus luxury goods they do louis v. Tahn and all these other Luxury Brands out of france i remember a few years ago when notre dame burned down he was so generous and gave billions of dollars. I want to look at this notion of these billionaires increasingly showering us deplorable zz with their benevolent large jest right because bezos also recently hes now worth 130000000000 he recently gave 10000000000 he says towards Climate Change a few years ago about a decade ago it was mike microsofts bill gates and Warren Buffett who were then worth about 40 to 60000000000 and they said were going to give all of our wealth away to charity now theyre each worth over 100000000000. 00 and this is the process that were always talking about about the cantillon in fact all the money printing is going to these billionaires directly so were going to
Max kaiser this is the kaiser report the pandemic it dition special times require special reporting of course because report has been anticipating so much of whats going down around the world stop a big surprise for those of you who have been watching us for so many years is that right stacy max it is a continuation of the pandemic and the Pandemic Response of the pandemic situation we also have the oil wars going on allegedly some oil wars we have russia versus saudi arabia the price crash you know kind of started with when the opec plus when they met you know saudi arabia essentially and russia and russia decided not to cut any production based on the decline in demand out of china and elsewhere but also right after that saudi arabia offered up to a 10. 00 discount per barrel just because i guess. Bin solomon got a little bit upset and threw a temper tantrum so thats what happened there but you know that seismic sell off a 30 percent and then followed by a like 101213 percent rise an
International. Have you with us and several countries in the last 24 hours have declared an emergency in response to the 1000 pandemic spain joined neighboring european nations which are struggling with containment measures the u. S. Has limited travel restrictions also affect military personnel there according to the pentagon while has also announced that the u. S. Is stepping up its risk level and response. To unleash the full power of the federal government that this effort today i am officially declaring a national emergency. 2 very big words. The action i am taking will open up access to up to 50000000000. 00 of. Very importantly very important. A large amount of money for states and territories that look at all of these in our shared fight against this disease. President trump has ordered us Energy Officials to purchase large amounts of oil to fill up the nations emergency reserve after the biggest price crash in years has also spotted an opportunity to boost sales for the Pharma
Oh max kaiser this is the kaiser report boy weve got a shocking story involving a french guy bernard arno oh man during all of this they say well bernard know you know he owns f. E. M. A. Traces luxury goods they do louis v. Tahn and all these other Luxury Brands out of france i remember a few years ago a noted on burn down he was so generous and gave billions of dollars i want to look at this notion of these billionaires increasingly showering us deplorable zz with their benevolent large yes right because bezos also recently hes now worth 130000000000 he recently gave 10000000000 he says towards Climate Change a few years ago about a decade ago it was mike it was microsofts bill gates and Warren Buffett who were then worth about 40 to 60000000000 and they said were going to give all of our wealth away to charity now theyre each worth over 100000000000 and this is the process that were always talking about about the cantillon effect all the money printing is going to these billionaires
Is planning on that or suggest that the Us Federal Reserve does that eventually they change the laws so that the Federal Reserve can buy Corporate Bonds well 2 of the 5 euro traunch as were placed at negative yields meaning investors are paying a single a rated healthy m. H. To borrow money thanks to the e. C. B. I mean this is really the end game because you had a period in Global Finance where banks got in trouble you know in 2008 they may have horrible loans and they were insolvent they became technically insolvent so the Central Banks got together and they said lets lower Interest Rates down artificially to near 0 so that banks can borrow unlimited amount of money at 0 percent Interest Rate and recapitalize themselves in paper over all the mistakes and it made a lot of billionaires as you mentioned jeff bezos bill gates Michael Bloomberg say made like a 40 or 50000000000 in the last 10 years based entirely on money printing from the fed and his relationship to the new york fed so n