A few months globalization the dollar is a shoe right so the loss of western germany that steamy globalization this came in with trump in 2016 that he the idea of monitor is ation the global Central Banks cooperating to put out a currency unit of account that was better than gold is a 6070 year experiment that is now collapsing which is leading to d. Dollars ation as b. Countries like russia move aggressively away from the dollar and buy gold and dig globalization simultaneously as far as these chinese debts that were issue 19 a leaven or 99911. 00 and are now being sought after for for repayment i would imagine what would happen is that simply u. S. Will default on some bonds to china. Approximately a trillion dollars worth and claim that well were just making good on the debt say you owe us to use to justify a default again dollars ation. Well yes there are some weird people involved some crazy texan sort of pastors and stuff like that and they are encouraging that they are claiming
Imagine what would happen is that simply u. S. Will default on some bonds to china. Approximately a trillion dollars worth and claim that well were just making good on the debt so you owe us to use to justify a default again de dollars ation well yes there are some weird people involved in this some crazy texan sort of pastors and stuff like that and they are encouraging that theyre claiming that with inflation an Exchange Rates in history that is actually worth a trillion dollars with by the way happens to be how much debt that china owes that owns of the u. S. So they own a trillion dollars with the treasuries and like lets just cancel it out but you mention the localization and for thousands of years weve gone through globalization and then d. Globalization globalization d. Globalization weve weve gone through these constant cycles humans constantly do that assistance we do this in markets that. Why Technical Analysis and sort of that sort of thing also when you look at the history
For some quite the same to accuse a particular country the latest on these stories you can head to our t. V. Dot com kevin owen he is coming in about 59 minutes from right now but in the meantime stay with us for the Financial News in the. Or this is the kaiser report where in paris you know so many people referenced the mary antonov quote let them eat cake and then you know historians have gone back and they said you know its actually my cake its brioche brioche you know that so i brought in actual poem my god what a mess we brought in actual brioche this is a brioche for the sliced there at the patisserie and so this is what she suggested that the peasants this should be eating because they had run out of pan you say this is a brioche is a slice of the nicer version of pan theres a few in the cupboard lets throw that to the peasants and maybe theyll shut them up but. I believe there had been a wheat disaster because of the. Volcano and i in iceland had blown and caused bad weather ye
Schools about does it for me for the latest on these stories you can head to our t. V. Dot com my colleague 7013 here in about 59 minutes time with news right now stay with us for the Financial News and cultural. Oh im max guys are this is the kaiser report and were going to get in the some really important things there are embarrassed rounds for we are now so lets bring states you know im going to it quickly read the 3 have ions i have here because its all about politics geopolitics and geo economics here the 1st fun because were in frowns ill start with a french headline because this was from macro own and after chump leafs trads mccrone warrants world as living the end of western hedge a moni if we also have a headline from the us that match is this to my mind and its from bill dudley former ahead of the new york fed started and 2009 after tim geitner a left until 2016 them before that he was with Goldman Sachs for about 2025 year is the fed shouldnt and the able donald trump do you
Rejected. So when you want to be president. Or somehow want to be. That you do like to be cross as a white woman for 3 of them or cant be good that. Im interested in the waters in my house. There are certain. Oh. This is the kaiser report and were going to get into some really important things that are in paris france where we are now so lets bring stacey im going to quickly read the 3 have i and i have here because its all about politics geo politics and geo economics here the 1st one because were in france ill start with the french headline because this was from macro and after trump leaves france mccrone warns world is living the end of western hedging mony but we also have a headline from the u. S. That matches this to my mind and its from bill dudley former head of the new york fed started in 2009 after tim geithner left until 2016 and before that he was with Goldman Sachs for about 2025 years the fed shouldnt enable donald trump you know trump isnt a trade war and thats why bill