General to hear about the proposal for the department of defense. I will start with some good news or start by thanking the witnesses for being here and further service to the country. Both served their country in various capacities for a long time, not an easy thing to do. I appreciate that and look forward to continuing to work with you. Unlike last year, we have a budget agreement, and last year we spend a lot of time talking about how difficult it is to run while anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Last year we were off by 3. 5 months, Something Like that thats better than drifting into the next year. We did get appropriation bills done by december of last year which gives some predictability to the department i think that is enormously important. This year we hope to come a little closer to october 1 certainly on the authorizing bill that also the appropriation bill but most importantly, we have a budg
I will start with some good news well, first of all, i will start with thinking our witnesses for being here and thanking them for their service to our country. Further service to the country. Both served their country in various capacities for a long time, not an easy thing to do. I appreciate that and look forward to continuing to work with you. Unlike last year, we have a budget agreement, and last year we spend a lot of time talking about how difficult it is to run while anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Last year we were off by 3. 5 months, Something Like that thats better than drifting into the next year. We did get appropriation bills done by december of last year which gives some predictability to the department i think that is enormously important. This year we hope to come a little closer to october 1 certainly on the authorizing bill that also the appropriation bill but most importantly, we hav
Have when you are present as the bully pulpit and thats going to weigh heavily in this 2020 election well in the nevada debates there was something that Bernie Sanders said on stage when he was you know going back and forth with mayor bloomberg when mayor bloomberg and imploded on stage you know they were talking about billionaires and the problem with billionaires and should billionaires exist i tweeted that i said is the u. S. Federal reserve bernie you cosponsored an audit the fed bill talk about the cantillon effect how did bloomberg go from a net worth of 3000000000. 20 to 60000000000. 00 in 2020 at least half of that game in my opinion is from q. E. The problem is that nobody really knows anything about money so its hard to explain money i remember back on this very show 7 or 8 years ago when we talked to activist groups like greenpeace about the money they had 100000000 euros in the bank and i was explaining to them you know the bank is just using that to lend it to exxon and in
And lovely cant couldnt mexico on the beach with the palm trees swaying in the monkeys chattering special guest with us today alex patch off sea. Bit fury theyre rocking it out in the mining space thank you marks remind you finally and tell us about its a company that was very early into big and we heard about it we talked about on kaiser report going all the way back maybe to 2011 or so but tell us a little bit about it sue before it was wrong to be in 2002 well initially it was like everything was just beginning from the whole big suv the people with so many different businesses they realized the beat when existing the start to try mining going and then they decided just to create the company and they were nice cheap and they started building the data centers a 6 you mentioned a 6 what are a 6 chip special custom designed i. C. Cheap one performing on the one single functions. A lot of things youre hearing skills just created its like bigger capable of course just to create the cheap
Because its too confusing and same thing with certainly the democrats i mean the republicans have a reputation as knowing a little more about money than the democrats but the democrats are always very confusing and so Bernie Sanders is just out of a tradition hes talking about socialism which again is a its a its a model based on it in comprehensible. Non existant theory about money you know this is obviously a theme over and over on kaiser report of the role of Central Banks in sowing. Chaos and discord that the democrats and their media keep on blaming on other nations so that cantillon effect which allows you know the printing of money that inflates asset prices like stock prices like bond prices like. Real estate prices especially at those the closer you are to the money printers and theres no bigger money printer than the new york fed so if you live near the new york fed your properties going to be expanding paris london all the big cities across the world hong kong maybe hong kon