Players test positive for covid19 including stephon gilmore, the patriots play that Kansas City Chiefs on monday despite a positive virus test for cam newton. The move drew criticism and potentially exposed more players to infection. Hurricane delta made landfall just south of the mexican area of cancun, knocking out power along the northeastern coast of the yucatan peninsula. It had top wind at 145 miles per hour, weakening as it went to the shore. A watch has been issued for the northern u. S. Gulf coast from texas eastward to grand isle. Delta is expected to make landfall on friday night or saturday morning. The entire state is in the possible path. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. Vonnie welcome to bloomberg markets. Here are the top stories that we are following on the bloomberg and around the world. President trump called off hope for
Losing and this is the problem now with this economy in the u. S. The game of the u. S. Is now over because there is no path out there is no escape from the toxic debt there is no recovery at this point theres only how to manage the loss its going to be economic collapse with honor if Richard Nixon were in charge and this were to be the ms ation of the economy how do we honorably fail of course on this debt the deficit gets added to the National Debt every year like you know i remember when it 1st hit a trillion dollars and we were like wow and then it hit 10 trillion dollars somewhere and then now its like 2530. 00 china is just like escalating so rapidly and who knows like the whole time when i 1st had a trillion people were shocked and scared and then when it hit 10 trillion people like oh my god this cant last and then they hit 20 trillion and at 25 trillion and you know. And i get to a quadrillion and the world continue as it is but if feels like you know if youre comparing it to
Simulation goes away lets find out from Stacy Herbert well max you know there was some art a few years ago when we used to be able to meet in person at that little art festival i think it was in miami we had some banana on the wall well you might say our Balance Sheet is looking like that banana meat republic budget deficit hits record 3 trillion dollars as us spends 100 percent more than it earns unfortunately due to helicopter money it is not unlikely that the exploding deficit will ever shrink again until the Monetary System is overhauled so year to date and that we have only one month left in fiscal 2020 the us a spent 6. 00 trillion and collected just 3. 00 trillion which means that its outlays are 100 percent more than its receipts many are asking why dont we do we even collect this 3 charlie and taxes why dont we just like print money for everybody right it brings up a lot of questions you know one thing is that the deficit is to new jersey and its more than 100 percent of g. D.
That we have only one month left in fiscal 2020 the us a spent 6. 05 trillion and collected just 3. 048 trillion which means that its outlays are 100 percent more than its receipts many are asking why dont we do we even collect this 3 charlie and taxes why dont we just like print money for everybody right it brings up a lot of questions you know one thing is that the deficit is to you and us more than 100 percent of g. D. P. And thats true for countries around the world and some play 20300 percent g. D. P. But whats creeping up now is the interest on that deficit even at these low low Interest Rates near 0 percent Interest Rates that interest cost on the deficit is getting close to americas outlay for the military which is their biggest expense so usually what happens when in fact the interest on the debt gets to a point where that also equals your g. D. P. As a country you are technically in default and you are officially no longer a country what is left is a memory of a country you k
Like oh my god this cant last and then hit 20 trillion and at 25 trillion and you know you wonder how long it can go parabolic like can it get to 100 trillion can it get to a quadrillion and the world continue as it is but if feels like you know if youre comparing it to the game of monopoly that somebody is cheating and somebody is getting free goods and services and rental income and things like that right the dice are loaded right and when the bankers roll the dice they somehow always pascoe collect free money and get another property when everyone else rolls the dice somehow they end up a prison and so thats the way this game is played and thats why they wealth and income gap. Exploded polarization and the social unrest in america hasnt been this bad i think its worse than the vietnam war its you got to go back to the civil war to find social unrest as bad in america as it is today well you talked about you know you get it another property on this monopoly board you get handed that