The nasdaq above 94 on weakers trailing sterling. The European Council president had to quarantine because of a covid19 test. Pretty in europe and britain. Back here, jay powell and treasury secretary Stephen Mnuchin testifying before the House Financial Services committee with chair powell saying the economy has a long way to go and will likely need further fiscal support. Secretary mnuchin saying another round of stimulus should be targeted at kids and jobs. Joining me now is greg valliere, Agf Investments chief policy strategist. The secretary said there was bipartisan support for further stimulus, so why are we not getting it . Greg i think nancy pelosi and the democrats wanted at least 2 trillion, and that was too much for the republicans. Vonnie at the same time, there should be some kind of mechanism for getting to a neutral place. What are the obstacles for the republicans coming down a little bit, democrats staying where they are . Greg it is maddening to see this. Frankly, if
Misinformation could potentially be included in that whether or not its intentional and then the other point of it is how reliable are the tests that were using to the game itself to know that if someones tested positive but if there happens to be i thought to get to a straight im not sure its beneficial and this is certainly just spread information around. Thats been our breakdown of the days top headlines for now thanks for tuning in every maybe. I everybody max kaiser this is the kaiser report oh. They say max this is the last week that i am allowed to wear white according to the Fashion Police so you know when labor day comes up were not supposed to wear white after that. So im going to wear as much white as possible hopefully im not blowing your eyes out you look like the good humor woman. Delivering i scream in the good good humor woman truck thing bill well you know what theres a lot of looting and plunder going on and we have to refer to the quote from frederick that we refer t
Frederick that we refer to all the time as this is something weve warned you about for a decade now and its really really coming true frederick boston yet d said when plunder becomes a way of life for a group of men in a society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies good words of warning there you know looting begets more looting of becomes institutionalized becomes accepted at the top and then you have a class of people that come up with elaborate ways to defend their looting in the name of but say patriotism or religious fervor or capitalism or some other reason and then society splits apart and thats where were at well lets talk about the looting and plunder that we see up at the top we have the central bank and what do they do money print to go put it right what is that doing but stealing is theft through inflation and flesh inflation is a form of fast its taking savings from people who dont necessarily
A deferral to the keynesian central planners i mean this is the alternative to having Small Businesses at the root of the economy is to defer to central planners right so thats a repudiation of the entire concept of the enlightenment going back to adam smith right so this is a return to either neo feudalism but you must respect the king that only the king knows or its an acceptance of a certain lets call soviet as a show of economy centrally planned poll appear oh those are the 2 discuss how you would justify this if you believe in those 2 systems i mean of course we have a robber baron system now right we have jeff bezos just turned to a 200 billionaire hes worth 200000000000 the 1st ever to work be worth that much nominally that is because exactly what this person is talking about private equity has already looted a lot of the system and then into that comes all of these huge monopolist that have monopoly pricing. Power and predatory Pricing Power over you know people who provide the
Those are your headlines my colleague will be here in about an hours time with another fresh look at your headlines but the female watermarking from. Everybody. This is the kaiser report. Max this is the last week that i am allowed to wear white according to the Fashion Police so you know when labor day comes up were not supposed to wear white after that. So im going to wear as much white as possible hopefully im not blowing your eyes out you look like the good humor woman. Delivering i scream in the good good humor woman truck thing dingle well you know what theres a lot of looting am plunderer going on and we have to refer to the quote from frederick that we refer to all the time as this is something weve warned you about for a decade now and its really really coming true frederick boston yet d said when plunder becomes a way of life for a group of men in a society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies the