But a soft. Piece of news new head. Broad review of the institutions tools at our 1st policy meeting and. Eskom struggles to keep the lights on across south africa and business is losing patience with us even if the president says it all be sorted out next year. Im chris. U. S. President signed off on a partial trade deal with china according to media reports that is a major step towards ending these 17 month u. S. China trade. Negotiators have reportedly offered to reduce. 375000000000. 00 in chinese goods by 50 percent. On 160000000000. 00 in goods set to go into effect on sunday the protracted dispute between the worlds 2 top economies as weighed on the profits of companies and global growth. Lets get the markets view on this with our man on wall street again scored against donald trump has been hinting the closing of this deal on his twitter feed something that people on wall street also watching obviously how did investors take the news. Clearly with some relief even if we do not
Smart and entrepreneurial and wealth creating or is it an odious wealth situation dr Michael Hudson if there is such a thing as odious debt or bad debt then theres such a thing as odious wealth on the other Balance Sheet the billionaires assets of the one percent are the debts of the 99 percent and the question is should america keep all of these debts on the books if it keeps the debt on the book the economy is going to shrink and shrink and shrink for the 99 percent and the only people who will be growing is the one percent of the creditors so the issue isnt really should you tax billionaires should you just wipe out the overhead to get back to americas golden age which was 1945 when the economy emerged from world war 2 for chile debt free nobody owed anything the result was a takeoff a golden age everybody could buy a house. There was industry going but nobody unclipping donald trump who says make America Great again says make America Great again by wiping out the debt and starting
Was this is a simple relationship between increasing level of private debt and a full name out of money going to work because as you had a rising level of debt which is what led to a cross that rausing level of debt meant a rising amount of money going to the bankers and rather than the capital of spain the ones who paid for it in fact it was the workers it was a foreign income going to the workers now look at the Empirical Data thats whats happened as well the rausing level of private debt has meant more money going to bankers list going to work because and capital is feeding in the middle how come this issue is so misunderstood by the democrats they dont they seem to be financially illiterate and this idea do we need billionaires should be really really phrased as where to billionaires come from other words how do you get billionaires thats right and it seems like theres a lot of area to examine in the Banking System in the central banking just where. They seem to have engineers if y
The ones who paid for it in fact it was the work because there was a foreign income going to the work as i look at the Empirical Data thats whats happened as well the rausing level of profit bit has meant more money going to bankers list going to work because and capital is feeding in the middle how come this issue is so misunderstood by the democrats they dont they seem to be financially illiterate and this idea do we need billionaires should be really really phrased as where to billionaires come from other words how do you get billionaires thats right and it seems like theres a lot of area to examine in the Banking System in the central banking just im where they seem to have engineers if you well using what in economics is called a cantillon effect where central bank prints billions hundreds of billions and somehow it never circulates in the economy and it goes to the same peoples pockets all the time so word of billionaire is comparable to the question one way to go. It has come fr
Churches. Using the channels available to inspire people to take action and were determined to build something human for the next generation gloomily as the environment series of global 3000 on t. W. And online. An end to the trade war seems within reach u. S. President donald trump reportedly signs off on a partial trade deal with china do you dream and would it stop an increasingly harmful spiral of tariffs and counterterrorist which have become a drag on world trade also on the Program Germany pushes back on a u. S. Bill to sanction companies building the nord stream to pipeline which will transform natural gas from russia to jerk plus neither in policy hawk more a dog. But. All these of these new head Christine Lagarde broad review of the institutions tools and goals at her 1st meeting and Energy Provider eskom struggles to keep the lights on across south africa and business is losing patience with its rolling power cuts even as the president says it will all be sorted out next yea