A free cup of coffee. And this will be looping around now for a while, until such time as true, catastrophic resulting in sues, which would be either on the environmental front where were seeing the Bile Fear of the ability to support human life is collapsing. Or well see a Bond Collapse which will throw in immediate screeching halt to the global economy, or were going to have some kind of war world war. Well, everybody gets a cup of joe biden, in todays america, where nobody has to work. They work from home, right . And everybodys having the free money, their, their mindset about inflation. It has altered, its changed, theyre all ready and willing and able to spend. All things must pass. However, we forgot to mention, as weve been celebrating, or commemorating the 50th anniversary of the nixon shock. When president Richard Nixon took the United States off the Gold Standard, and august, 15th 1971 put into effect, august 16th, 1971. And what happened is it ended bretton woods, well, 50
The the now we have e cigarettes. I just heard that it was a healthy alternative to figure out how do we trust tobacco companies with their message that these new products are actually going to reduce . Are these, these are making the tobacco tours the hi am kaiser. This is the Kaiser Report. No, youre not imagining it. The Purchasing Power of your money is going down now. Oh, bu who . Stacy . Oh, sorry, im just having my cup of Joe Biden. This morning. You say this, you know what the couple Joe Biden is about. The coffee prices were seeing and those are sky rocketing things could get harry right here on the set of cars report. If we dont get the coffee, while the price of a cup of coffee keeps rising and nobody seems to care. Remember, this is something weve been talking about over the past few months as inflation starts to war, but peoples balances and their bank accounts are at all time highs in the Household Sector in america. So the Inflation Mindset set in long ago a few months a
Hi am at kaiser this is the Kaiser Report . No, youre not imagining it. The Purchasing Power of your money is goinG Down now. Oh bu who . Stacy . Oh, sorry, im just having my cup of Joe Biden. This morning. You say this . You know what the couple Joe Biden is about, the coffee prices were seeing, and those are sky rocketing things could get harry right here on the set of cars report. If we dont get the coffee, while the price of a cup of coffee keeps rising and nobody seems to care, remember this is something weve been talking about over the past few months as inflation starts to war. But people balances and their bank accounts are at all time highs in the Household Sector in america. So the Inflation Mindset set in long ago a few months ago as people were getting used to these enhanced unemployment benefits. The non stop stimulus checks arriving in their bank account. And now those Child Credit Tax credits are also arriving and bank account. So everybody feels flush and they dont care
The i am kaiser this is the Kaiser Report. No, youre not imagining it. The Purchasing Power of your money is goinG Down now. Oh bu who . Stacy. Oh sorry. Im just having my cup of Joe Biden, this morning. You say this, you know what the cup of Joe Biden is about, the coffee prices were seeing, and those are sky rocketing things could get harry right here on the set of cars report. If we dont get the coffee, while the price of a cup of coffee keeps rising and nobody seems to care, remember this is something weve been talking about over the past few months as inflation starts to war. But people balances and their bank accounts are at all time highs in the Household Sector in america. So the Inflation Mindset set in long ago a few months ago as people were getting used to these enhanced unemployment benefits. The non stop stimulus checks arriving in their bank account. And now those Child Credit Tax credits are also arriving and bank account. So everybody feels flush and they dont care how
A new bretton woods. Right, well heres some news out this past week. And lin, all the reported it, they, i am f approved around of new S D Rs, valued at 650000000000. 00 us to be credited to the reserves of member nations. She follows that up with this more than triples. The S T R Market Cap outstanding, and is another small step towards a more diversified or a multi currency global reserve system. Ok, this is the long simmering conversation on this show going back years going back through and jim records, famous author, writer of many fine books had talked on this very show about the I M F and the S T R, the special Drawing Right as being the currency that will ultimately absorb all of the bad debts on all the balance sheets of all the sun banks in this huge roll up. I mean, a 100 trillion Dollar Credit Facility thatll be funded by the S D R. The special drawing, right, which is the currency of the I M App would provide a huge bell out to the Central Banks to provide a huge bell out t