With your next news update join him and tide you over until then there is the cause report. Sure this is the kaiser report you know of open court adoptions driven by banks failing and countries failing and now in lebanon theyve got a huge crisis and of course big clients come to the rescue stacey max were going to get into lebanon but 1st i want to have some show notes here we are still in los angeles it is the busy suburbs where they did film brady bunch so you have a lot of leaf blowers you do have garbage man you have all sorts of stuff and we have flights going overhead as people are trying to flee the coronavirus apocalypse were also going to try to flee the coronavirus apocalypse and so you may see us recording soon from home because if we cant get out if everybody is quarantined it could be a situation where were just like Live Streaming on periscope for the show for the future cool heres an headline from lebanon that happened in the past week and a half while the markets were t
The the. The the marine stuff. Starts march 20th on the g. W. Sure that people do bolt on for g. W. On facebook and twitter to date and in touch follow. The going to. A boost for the Global Financial fight against the coronavirus u. S. Federal reserve makes a surprise cut in Interest Rates equities around the world surged out wall street suddenly retreats again. Health officials warn if the coronavirus is not contained they could be accused shortages of vital drugs Global Supply of india comes exports. As south africa falls back into recession what does it mean for the continents most industrialized economy. I do. Thats the business in a surprise move the u. S. Federal reserve policy Setting Committee has voted unanimously to cut its benchmark Interest Rate by half a percentage point the fed says its reacting to support the economy as the coronaVirus Outbreak takes its toll stock markets one into positive territory but then u. S. Equities suddenly were treated coronaviruses brought yet
Sure this is the kaiser report you know of open court adoptions driven by banks failing and countries failing and now in lebanon theyve got a huge crisis and of course big clients come to the rescue stacey max were going to get into lebanon but 1st i want to have some show notes here we are still in los angeles it is the busy suburbs where they did film brady bunch so you have a lot of leaf blowers you do have garbage man you have all sorts of stuff and we have flights going overhead as people are trying to flee the coronavirus apocalypse were also going to try to flee there coronavirus apocalypse and so you may see us recording soon from home because if we cant get out if everybody is quarantined it could be a situation where were just like Live Streaming on periscope for the show for the future cool heres an headline from lebanon that happened in the past week and a half while the markets were tumbling while everything was going chaotic and that is distrust in lebanese banks spurs bi
A surname to be withheld. He says hes not standing around helplessly he is trying to move what is left of his savings out of lebanon via a financial instrument meant many in the country have not embraced until recently big coin quote suddenly everything turns upside down and all the options are open said mark wright whats amazing is that this discussion of whats a better store of value gold or a bit coin and in lebanon we have a taste test case people are selling gold to buy bitcoin that proves a big point is a greater and more portable store of value than gold and thats going to be the story all over the world people cant take their gold across the border its too heavy its too obvious they cant take bitcoin and thats what people are doing their fling with their big point whether its in china and lebanon all over the world goal is not the store of value that big coin is thats why peter schiff under his desk in a fetal position crying this is why alex jones converted now to being a full
Said mark wright whats amazing is that this discussion of whats a better store of value gold or a bit coin and in lebanon we have a taste test case people are selling gold to buy bitcoin that proves the big point is a greater and more portable store of value than gold and thats going to be the story all over the world people cant take their gold across the border its too heavy its too obvious they cant take that point and thats what people are doing their fling with their big point whether its in china lebannon all over the world goal is not the store of value that big coin is thats why peter schiff under his desk in a fetal position crying this is why alex jones is converted now to being a full blooded bitcoin bear this is the new way so the banks in lebanon have been restricting withdrawals of how much cash you can access lebanese banks began imposing increasingly restrictive and formal capital controls after a Popular Uprising 1st swept the country more than 4 months ago foreign cur