Printing and all the chaos and that caused the food Price Inflation and other sort of inflation that led to the arab spring today were seeing a continuation of that were seeing a paper spring as people reject even if they know it or not what theyre rejecting is this massive money printing were going to look at some of the headlines talking about what theyre rejecting what they are instinctively rejecting in this global insurrection against banks their occupation in this insurrection against paper printing and i have some of my paper here of course here heres 100 euros here is 100 euros q hey pocky have another hungry audience have sometimes you may be. Right. So why are card prevailing likelihood that the 1950000000 euros does not exist thats the headline from bloomberg they think perhaps well we looked at a bounce you perhaps there might not be any money there. Yes whats up lucky. Crap to very mean a close up my perch where through one find a stripe lucky bankruptcy is the new initial
For staffing this meeting. Do you have any announcements . Due to the covid19 Health Emergency and to protect Board Members and the public the board of supervisors legislative Committee Room are closed. Members will participate remotely. Committee members will attend through Video Conference and participate to the same extent as if physically present. Public comment is available for each item. They are streaming the number on the screen. Each speaker is allowed two minutes. Comments are available via phone by calling 415 6550001. Access code for the meeting is 145 1435810. Press pound and pound again. When connecting you will hear the discussion but you will will be ibe in his senning need only. Dial star three. Call from quiet location and speak slowly and turndown your television or radioia. You may submit Public Comment via email the clerk at sfgovtv. Org. If you submit via email it will be included as part of the official file. Items acted upon today are to appear on the agenda on
Good morning. The meeting will come to order. Welcome to the thursday, june 18th meeting of the government audit and oversight committee. Thank you to this committees clerk, john carol and thank you to sfgovtv for staffing this remote meeting. Mr. Clerk, do you have any announcements . In order to protect Board Members during the Health Emergency the board of supervisors legislative chamber and Committee Room are closed. This is taken pursuant to various local, state and federal orders and directives. Committee members attend through video and participate to the same extent as if physically present. While the comments will be available for each item. Cable 26 and sfgovtv are streaming the call in number across the screen. Comments and opportunities to speak are available at 415 6550001. Once connected and prompted to the access code which is 145 4314683. Then press pound and press pound a second time to be connected to the meeting. When connected you will hear the discussions. You will
The arab spring and the last financial crisis back after 20082009 all the money printing and all the chaos and that caused the food Price Inflation and other sort of inflation that led to the arab spring today were seeing a continuation of that were seeing a paper spring as people reject even if they know it or not what theyre rejecting is this massive money printing were going to look at some of the headlines talking about what theyre rejecting what they are instinctively rejecting in this global insurrection against banks their occupation in this insurrection against paper printing and i have some of my paper here of course here theres 100 euros here is 100 euros who hey pocky have another hungry audience have sometimes you may be. Right. So why are card prevailing likelihood that the 1950000000 euros does not exist thats a headline from bloomberg they think perhaps well we looked at our Balance Sheet perhaps there might not be any money there. Thats yes whats up lucky. Crap to very
With debt service and costs that are higher than profits such a fundamentally important char american corporations are increasingly doing business only as a side possible to their real purpose which is transferring cast from lenders to looters remember the lenders are you know that all of those bonds thats being transferred to the Zombie Companies and theyre looting well you know this goes back to something weve been saying for a number of years now that corporations only really have a profit in terms of what they can engineer on their cash desks as theyre called right so you have like a Car Companies in america they start making money making cars they made money leasing cars and then taking the income from those leases and building derivative portfolios and ponzi schemes and then the executives of buy back their own stock and then the options go up in value and they all become billionaires somehow magically not knowing why even though their Car Companies were losing money and losing m