Fictitious capital and that you know this is kind of the future that marx would see is that everything is so light removed from Industrial Production or any sort of production or labor that we get to a point a fictitious cow paul and then in that sort of space theres like no limit up really because thats just limited by our imagination right its goes back to neal feudalism in a certain Medieval Church driven notion of how many angels can you dance on the head of a pin right so this bit like Goldman Sachs or j. P. Morgan theyre like how many derivatives can we get to back to you know it can we derive from this nonexistent collateral right thats the same kind of mentality and the leads to a god complex obviously the people the church back in the Medieval Times felt that they were close to got that proved to be not so correct and also the bankers on wall street they believe theyre very close to god as blankfein said hes doing gods work. And that will be equally fallacious well its certain
That would override the bricks of 2 full steel but the British Government says it will not back down despite admitting the bill would breach international rules. Thats all from me for today kevin know and well be here in just under an hour with food coverage of the very latest going on in the wall to join mine coming your way now though with the kaiser report. Hi im max keiser this is the kaiser report. Much to. First as always i will start reminding you that you can find us on social media at mines dot com for its last stacy herberts or max keiser you can find out mines dot com forward slash max kaiser so were moving our social Media Presence over there from twitter and i want to talk about chasing stock splits with marks and king so i see them in my headlines today so i figure ill name check them and talk about them 1st up we have a tweet here that says Robin Hood Schwab outages last week linked directly to tesla and apple split the money ellison generations ear on their robinhood ap
Nasdaq is going for its second day in a row josh, we got within a point. Same narrative here. What now we figure were going to hit new high for the s p those stocks are really all you need to get it done like a nominal new high its been 122 days since the last time the s p 500 had an all time closing high. If you think about the media number of days between making those closing new all time highs its about 90 from one year to the next i guess i would say this is pretty average year all Things Considered i would not be surprised to see an all time record close for the s p very soon. What you need to get there is all working. One other thing i would grow into the mix is put to call ratios have collapsed. Its a historic collapse i think its indicative of sentiment out there. People are just no longer afraid of a resurgence in the virus or a spate of negative headlines that will send this lower. The evidence of that is if you look at a 50day moving average you have to go back 15 years to f
Ahead of next months election they say president bush and his claim of aggression subversion as a sham. And hundreds of chinese Fishing Vessels near the Galapagos Islands raise Environmental Concerns and diplomatic tensions. Donald trump has ignited another political firestorm by suggesting that novembers president ial election be delayed on the same day that new figures show the u. S. Economy had a record shattering decline due to the coronavirus pandemic nearly 152000 people have died from the virus and whats the wild west affected nation and many states want to make postal voting easier to the Health Concerns that trump insists without evidence that mail in voting is vulnerable to fraud so he retreated from an election to lay off the pushback from both democrats and prominent republicans. I just feel i dont want to delay i want to have the election but i also dont want to have to wait for 3 months and then find out that the ballots are all missing and the election doesnt mean anythi
Florida and california record the highest single day toll more restrictions in the australian state of victoria as coronavirus cases hit a record high and a dream shattered a family still seeking answers about how their teenage son died while training with the time military. Thank you very much for joining us for the 1st time Hong Kong Police have used a new National Security law imposed by china to crackdown on prodemocracy activists online for students belonging to a group called student localism have been arrested theyre accused of posting content that called for hong kongs independence the controversial law was imposed by beijing 4 weeks ago it makes observe a version and secession criminal offenses and it grants Police Powers to arrest the suspects without a warrant. They have a some decoration for them so for example they wanted to be a scottish hong kong country and also they wanted to be loose all the means to to keep doing this strange and finally they wanted to to united all