Time now for the global exchange, where we bring you todays market moving news from around the world. From hong kong to jerusalem, washington to new york, our bloomberg voices are on the ground with todays top stories. In israel, Prime Minister Benjamin Netanyahu is facing a rare challenge to his lead. I am not sure i would see this day come. Reporter that is very true. Significant. Be it would change israels Political Landscape for the past kud itss and give the li first win in 20. They would have a better chance of forming a government after the third election of the year come march. David thank you so much. To turn to commodities. Oil is extending its gains as u. S. Inventories decline and optimism over a partial u. S. China trade deal grows. Youre right, those are the two drivers hitting oil this morning. Broken throughe a level on trade deal optimism, partially on risk assets. The santa claus rally really helping oil out. Another big story is the inventory decline. If it is confir
From around the world and stay with us for the kaiser report next here on our international. Kaiser this is the kaiser report yet the s. And china are edging closer toward greater and greater rivalry of the 21st century as they say yes indeed we have a 1st headline about china and i want to say present the context of this globally whats happening President Trump is parading the fed once again saying we need negative Interest Rates because we are of course in a monetary war and a trade war with around the world hes pointing to europe having negative rates and that we cant compete with europe if we dont have negative rates against china of course hes always saying china manipulates their currency and they we have an free fair trade with them and here is a headline about that from china looking at the United States china u. S. Rivalry on brink of becoming a quote financial war former minister says the growing rivalry between china and the United States is at risk of becoming a financial w
Kaiser this is the kaiser report the u. S. And china are edging closer toward greater and greater rivalry of the 21st century as they say yes indeed we have a 1st headline about china and i want to say present the context of this globally whats happening President Trump is parading the fed once again saying we need negative Interest Rates because we are of course in a monetary war and a trade war with around the world hes pointing to europe having negative rates and that we cant compete with europe if we dont have negative rates against china of course hes always saying china manipulates their currency and they we have an free fair trade with them and here is a headline about that from china looking at the United States china u. S. Rivalry on brink of becoming a quote financial war former minister says the growing rivalry between china and the United States is at risk of becoming a financial war a former chinese finance minister said on saturday luigi way chairman of the Foreign Affair
Know that which is quite interesting that that was a remarkable thing about the russian a hoax is that there was that imaginary ghost and enemy out there called russia during the russia gate hoax meanwhile if you look at huawei and other 5 g. Technologies coming out of china and other technology in china chinas actually leapfrogging ahead of the u. S. Economically and now is visibly the currency war so now that whole period of focusing on russia would be is just a waste of time it should have been focusing on the actual rivals americas predominance in the u. S. And that would be china part of this again and the u. S. Dollar as a weapon the financial war the desire for negative Interest Rates he said that china should look to cooperate with other countries to build one or 2 independent International Clearance systems to prevent the u. S. Using its long arm jurisdiction right the. World reserve currency and using as swift which gives the u. S. The ability to censor any transactions they
A donald trump would like to do with it to go back to the 1960 s. And 1970 s. When america was great and disco was was was on the turntable of course america runs our empire as an empire of debt and all of that debt is backed by derivatives which are tied to algorithms which price based on time so without time if we have negative Interest Rates all of that pile debt anyway collapses because theres no way to price all of the derivatives that back our empire so you cant have a price for anything in the Financial Markets if there is no positive Interest Rate upon which to construct a dividend discount model or some other typical way of valuing assets and therefore the only way to keep this ponzi scheme going is to keep flooding the market with ever more trillions of dollars worth of big fee out money and more. Derivatives of the ponzi scheme will increase americas debt will go from 23 trillion to 50 to 60 trillion i have no doubt about that by the way we are and brooklyn where in a wareho