You dont say the c. And b. C. Or a. B. C. Or n. B. C. Or b. B. C. Because its not orthodox its not what all of the elite in the economist who go and get their doctorate from University Chicago its not what they think right now the heterodox are becoming mainstream because of this phrase called financial vandalism so people are out right under recognizing the fact that the policies of in the Interest Rate setting whether there are 0 or negative its about transferring wealth up its about moving trickle up financialization where the bulk of the economy is earnings go to the top 110th of one percent now i have often used the phrase financial terrorism that will probably become in vogue in the next 6 to 12 months weve said that we have a global empire of debt and that is its currency its a us dollar since 1000 701. 00 weve had no gold backed global unit of account to spend the u. S. Dollar and nobody knows how much they print we cant ever really know how much they print. It does give them a
Well here is a phrase financial vandals and its an interesting one pension world reels from financial bendel ism of falling yields and they speak to mark doubting the chief Investment Officer at blue Bay Asset Management he has he has pension fund mandates and he says about these ever declining rates that quote the true badness is Pension Funds being forced to invest and assets which will be guaranteed to lose such as in the case of long dated inflation linked to guilt real eales of negative 3 percent he said it is financial vandalism and the government and Central Banks need to wake up to this my brother my brother but because of what theyre sure what could just a people stop me and say you know you know what because so if thats your message yes im going to my blue area in fact his granddaughter granddaughter said i look like graham going through blue period but lets talk about financial by vandalism for a 2nd so you know as you point out there was a term floated about called financia
Hello there im max kaiser this is the kaiser report yes were still in paris oh my love for all things stacey just grows by the minute every time im here in the city of lights stacey and the city of love its called re well you know what while weve been here there has been a new fascinating term used for what youve called financial terrorists and it used to be called financial repression remember all these low res declining rates negative rates quantitative easing was considered financial repression it was repressing all throughout the at qana me for the better of the whole economy well here is a phrase financial vandals and its an interesting one pension world reels from financial bendel ism of falling yields and they speak to mark doubting the chief Investment Officer at blue Bay Asset Management he has he has pension fund mandates and he says about these ever declining rates that quote the true badness is Pension Funds being forced to invest and assets which will be guaranteed to lose
Website. Coming up next. Hello there im max kaiser this is the kaiser report yes were still in paris oh my love for all things stacey just grows by the minute every time im here in the city of lights stacey and the city of love its called re well you know it while weve been here there has been a new fascinating term used for what youve called financial terrorist and it used to be called financial repression remember all these low res declining rates negative rates quantitative easing was considered financial repression it was repressing all throughout the at qana me for the better of the whole economy well here is a phrase financial vandals and its an interesting one pension world reels from financial bendel ism of falling yields and they speak to mark doubting the chief Investment Officer at blue Bay Asset Management he has he has pension fund mandates and he says about these ever declining rates that quote the true badness is Pension Funds being forced to invest and assets which will
Economy is earnings go to the top 110th of one percent now i have often used the phrase financial terrorism that will probably become in vogue in the next 6 to 12 months weve said that we have a global empire of debt and that is its currency its a us dollar since 1701. 00 weve had no gold backed global unit of account to spend the u. S. Dollar and nobody knows how much they print we cant ever really know how much they print it does give them an exorbitant privilege and weve talked about this being a period similar to previous periods in history or an empire that begins to decline it always happens as hemingway might say slowly and then all of a sudden its just its seems to be coming all of the sudden recently that the empire is like noticeably declining when you have the likes of mark carney saying this to a meeting of central bankers m. R. Carney the head of the bank of england saying this to. Other central bankers and jackson hole i was in close enough when he says that so here vanda