People an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capital system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a tough talker see run by Central Banks and the worse it gets the more they pay themselves and of course low Interest Rates re the crisis worse because low Interest Rates drained the economy by all capital and without it you will at the 1st. Encounter with a pandemic like cove it you all have an existential threat and maybe or maybe not the us survives its up its an open question whether or not the Monetary System survives is what is being called into question and here they are doing the equivalent of oops my bad even though the report has been warning about this for years they could have listened to
Tv, a conversation with the author of the book, the president is a sick man which recounts the surgery being performed on a i cant recollya president disappearing for five days. Im david cowen, welcome back to our lunch and learn series. Welcome to the university of oklahoma. Thank you for coming. Please join us again everyone next week on the 26th. Were going to continue the lunch and learn series of the director of the archival. This is an historic banking house, again, a week from this thursday. On the 24th, this is tuesday upcoming, well be screening the rediscovering alexander hamilton. This is the pbs documentary that was recently released and all of your questions about the movie can be answered because the producer will be in the house. Turning our attention to today and Matthew Algeo and the president is a sick man. This the matthews third book. His second Harry Trumans excellent adventure which traced their crosscountry trip in 1953, got a lot of great press, and in 2009, the
Graham boston fed president aircrews a read said years of low Interest Rates that encourage risk taking are making the current economic downturn worse he specifically cited low rates persisting for an extended period even after the economy had made progress in the recovery that can create problems well this is obvious you know as ive been saying you cant have capitalism without capital you cant have capital without giving people an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capitalist system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a club talk or see run by Central Banks and the worse it gets the more they pay themselves and of course lower Interest Rates re the crisis worse because low Interest Rates drain
Death of a poet singer who was banned for supporting the antigovernment protests and the human cost of a conflict hospitals in the disputed region of her going to cut about the field victims of the war between armenia and azerbaijan. To the World Health Organizations announced a record one day global jump in corona virus infections nearly 339000 people diagnosed with covert 19 over the past 24 hours heres the Johns Hopkins university tracker the red number on the left up above 36000000 infections the white number to the right is the 1000000 or over 1000000 people who are known to have died but there are also a lot more than 25025000000 who have a cough it. But were going to take you through europe with the pandemic is getting worse as winter approaches france 1st of all recording more than 18000 new cases for the 2nd day running pressure growing on hospitals especially in and around paris germany that had been praised for so long for its response but it seemed 4000 new cases in the pas
A high rise apartment in north and south korea where live from seoul. We begin in mali where a kid not a politician and a french aid have landed in the capital bamako after being released as part of a major Prisoner Exchange the deal was announced by the countrys new Transitional Government on choose day the hostages had been held by an alliance of groups linked to Al Qaida Nicholas Haq as the story of. The end of their ordeal. Wrapped in a white scarf is french aid worker Sophie Pickler not free at last after spending almost 4 year hostage in the hands of al qaeda affiliate fighters in northern mali as desert. Shelter 51 year old son sebastian. Before. He had lost hope of ever seeing her life something. That says to her son they held me for almost 4 years you were there with me i could hear you say hold on dont give up here among those released are also italian missionaries Somalian Army soldiers and opposition leaders who say all were held by armed groups affiliated to al qaeda. I wa