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I am x. Prize or this is the kaiser report summer solution starts right where we come up with solutions to all the problems they cover on the other shows right there anyway today weve got a goal to the moon edition with a special guest mark valley the incremental im stating there is no bigger solution needed then to the exorbitant privilege that has been the us dollar in the past 50 years all the trade imbalances all the trade deficits that are required by the United States and the mass unemployment that is the result of that us dollar policy so were talking to mark malloch about this and mark i want to ask you gold as gong supernova again and its one of the best performing assets of 2020 so far how high does this go and is the price of gold an indictment of the front cover of the economist magazine pre money. Yeah well the real question probably is not how high is gold going but holo its the dollar and all of the fear currency is ....
On cspan. Org. The senate is weighing in on defense policies for 2021. And now to live coverage. Senate here on cspan2. To or. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Eternal god, thank you for the gift of this day. Open the minds of our lawmakers and give them a vision of the unlimited possibilities available to those who trust you as their guide. May our senators embrace a hugh millty embrace a humility that seeks first to understand rather than to be understood. Inspire them to seek your wisdom as you sustain them with your grace, mercy, and peace. Lord, remind them that you will judge their fruits, productivey and faithfulness. We pray in your strong name. Amen. The president pro tempore please join me in reciting the pledge of allegiance i pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with lib ....
Smooth provision of credit to the real economy lets go over to frankfurt where Chelsea Delaney is standing by for us our financial correspondent chelsea tell me about the carnage on exchanges it does not look like a good day. No the markets were are really taking a beating before the e. C. V. Decision and this really just it was a surprise and a big disappointment for investors they had pretty much across the board been expecting a cut in the and the main Interest Rate and the e. C. B. Did not do that so were obviously seeing a shake out in the market right now but there had already really been a lot of a lot of anxiety coming into this especially after the announcement of the travel ban on europe last state so stocks that are ready really have been under a lot of pressure and this disappointment is this is certainly not helping tell me why why why why has the e. C. B. Not cu ....
But European Central bank takes action against the coronavirus fox investors say its not enough shares go into freefall again will try to find out if e. C. V. Can do anything to stop the spread of a float. And china says the peak of the coronavirus epidemic has passed but asian markets ignore the numbers and the stimulus that governments are throwing at the infection. And it was all a lets do business investors and not liking this the e. C. B. Announcing it will release a batch of cheap loans to help Member States deal with the coronavirus and that it will expand its Bond Buying Program both moves intended to stabilize jittery markets and aid Small Businesses e. C. B. Also says it will ease Capital Re ....