morgan analyst ken goldman says and vest for years have asked if three g. s extreme belt tightening model ultimately would result in brand equity erosion we think the answer arguably came yesterday in the form of a fifteen billion dollar intangible asset write down for the craft and oscar meyer brands i want to think of that as a way to look at the u.k. economy or the american economy especially in the u.k. where you ve had mass austerity imposed on the people and there is like a that intangible brand of member cool britannia and all that stuff is just eroded when you actually see the mass homelessness this universal credit system which is imposing horrific grotesque publicity and marketing for the nation as a as a very vile sort of abusive and human rights situation i think there are going to mount it every train the craft heins hollowing. and destruction of their brand in the collapse of the equity and what happened in the with the austerity in the u.k. and the dismantling
austerity imposed around the world so i want to look at one quote from that whole you know berkshire hathaway kraft heinz story from the last week and it s a quote from j.p. morgan about what happened to them and the heaven was from kraft heinz shares fall twenty eight percent after write down and dividend cut j.p. morgan analyst ken goldman wrote about the company because remember three g. capital warren buffett they basically curry s massive austerity across the board with him this conglomerate this merged conglomerate and j.p. morgan analyst ken goldman says and vest for years have asked if three g. s extreme belt tightening model ultimately would result in brand equity erosion we think the answer arguably came yesterday in the form of a fifteen billion dollar intangible asset write down for the craft and oscar meyer brands i want to think of that as a way to look at the u.k. economy or the american economy especially in the u.k. where you ve had mass austerity imposed on
it s also important to note that we ve been talking about warren buffett is annual letter and all his earnings reports you know he s he s down big time twenty five billion in the last year it s also important to note that he says he keeps on pointing to one thousand nine hundred two as when he hit the first time he bought shares in that how great it is and he s done wonderful and why can t we all do wonderful like i have dodd but you notice like when he said mohnish in people to invest in u.s. companies the average worker has less and less they re getting less and less of the cost of all those companies he s invested and we re right in seventy one is the gold standard is. us is no longer a gold backer scene and anyway right becomes purely a money currency and the world becomes financial in a way that saudi arabia is opec defied other words you know in opec they don t need workers they don t need taxes they just pump oil when ever they need to increase the wealth of the prince
morgan analyst ken goldman says and vest for years have asked if three g. s extreme belt tightening model ultimately would result in brand equity erosion we think the answer arguably came yesterday in the form of a fifteen billion dollar intangible asset write down for the craft and oscar meyer brands i want to think of that as a way to look at the u.k. economy or the american economy especially in the u.k. where you ve had mass austerity imposed on the people and there is like a that intangible brand of member cool britannia and all that stuff is just eroded when you actually see the mass homelessness this universal credit system which is imposing horrific grotesque publicity and marketing for the nation as a as a very vile sort of abusive and human rights situation i think there are going to mount a there between the craft heinz hollowing. now and destruction of their brand in the collapse of the equity and what happened in the with the austerity in the u.k. and the dismant
a british born aid worker who once was a western media darling is deprived of his u.k. citizenship by alleged links to al qaeda the man brands the accusations unfair and racists. and the u.k. primary school reportedly caves into pressure and so spends its lessons on homosexuality after hundreds of angry parents keep their children at home in protest. for the latest on these stories head to our website on t. dot com stay with us for the financial news in the kaiser report next. evening. everybody this is the kaiser report. so excited thinking you have been talking about private equity in the hollowing out of the wealth of nations around the world through this model whereby all these assets and wealth creation machines developed through hundreds of years sometimes are just hollowed out and all the equity taken and a pile of debt is left with nations and you know over the past few decades we ve seen especially since the financial crisis since two thousand and eight we ve seen au