In the studio to give you the latest update and half an hour join us again. Oh max keiser this is the kaiser report you know we talk a lot on the show many years about economy and currencies and what makes a currency usually what makes a currency is scarcity for example gold is a currency its money because its scarce thats the primary reason people use it as money keynesian economics or socialism is usually unworkable because the people who are organizing it think that well you can just print all the money you need you need a program print more money theres socialism for banks on wall street as was pointed out recently one of the big president ial debates you know bank gets in trouble just print more money well whats the ultimate scarce commodity what is the ultimate scarce commodity think about what is the ultimate scarce commodity. The most scarce commodity of all time and that isnt the headline here ikea becomes 1st retailer to let customers pay using time ikea is now letting custom
And of austerity. The u. K. Prepares its biggest dose of stimulus in decades. It really is said to plan doublings doubling stimulus to combat the outbreak. President trump appears to a coronavirus conference. He was expected to announce a major stimulus package that he hyped himself the day before. And, taking a hit. Couldsays the coronavirus knock First Quarter quarter china revenue by one billion euros. We will speak to the ceo in just over a half an hour. Youve got some breaking news down there on the green from the bank of england. Anna absolutely, breaking news. Itsbank of england reduces bank rate. The bank of bank rates by 50 basis points. 20. 25 . A surprise rate cut from the bank of england. Just as we saw a surprise rate cut from the fed. Here we are seeing me seeing a great deal of cooperation theeen the fiscal side of monetary side in the u. K. Investments are waiting for an update, waiting for the government to respond to the coronavirus. We are also hearing about a Moneta
Why do we go to war because. The key to Economic Growth is oil and energy we go to war is Vice President cheney said for the oil thats why they invaded iraq for the oil thats why trump says the one thing we want syria we really dont want to go to war with russia we want to just control the oil. And the gas and the pipelines through afghanistan so the military is really an extension of controlling a world energy and oil. Max kaiser this is the kaiser report you know we talk a lot on the show many years about economy and currencies and what makes a currency really what makes a currency is scarcity for example gold is a currency its money because its scarce thats the primary reason people use it as money keynesian economics or socialism is usually only workable because the people who are organizing it think that well you can just print all the money you need you need a program print more money theres socialism for banks on wall street as was pointed out recently one of the big president i
Max keiser this is the kaiser report you know we talk a lot on the show many years about economy and currencies and what makes a currency usually what makes a currency is scarcity for example gold is a currency its money because its scarce thats the primary reason people use it as money keynesian economics or socialism is usually only workable because the people who are organizing it think that well you can just print all the money you need you need a program print more money theres socialism for banks on wall street as was pointed out recently one of the big president ial debates you know bank gets in trouble just print more money well whats the ultimate scarce commodity what is the ultimate scarce commodity think about what is the ultimate scarce commodity space the most scarce commodity of all time and that isnt the headline here ikea becomes 1st retailer to let customers pay using time ikea is now letting customers pay for goods with their time yes thats right the more time custome
It is still up 1. 9 , but bit by bit we are lower across the globe spirit still positive for most of the groups. We are a racing that massive gain of earlier today. The 10 year down a few basis points. We are awaiting the fed action at 1 30. We will see what happens out of that. The dollar index continues to be strong. The euro is weaker, so his british sterling. We are even seeing massive moves for the yen today. Crude oil is down. 2 . It has a its gain as well. Guy the World Health Organization now saying europe is the epicenter of the coronavirus outbreak. You can feel that a little bit in terms of some of the price action today. The stoxx 600 is positive, it is off its lows. A few moments ago the dax went negative on the day. This is not a convincing rally. It is of course friday. You want to carry positions across the weekend . We are seeing a considerable move when it comes to what happens in the bond market. By 17 year is higher basis points. You are seeing a similar move at the