A host of issues ranging from economic development in the region to the situation in afghanistan to the coban. 19 pandemic. The 3 day for him kicked off on thursday in the rush report, city of lot of boston, which sits on the sea of japan. Several leaders spoke at the event including shooting, ping of china, who addressed the foreign virtually distress the need for stability in the region. For me, that would be we should make a concerted effort in safeguarding regional stability, bridge our Differences Dialogue into an occasion and build a consensus to establish a Security Concept that share the comprehensive, cooperative, sustainable. So we can together build a peaceful and harmonious homeland blank. R T Correspondent Julia Shop of oliver has been covering the events in russias far. Ethan brings is the latest from the annual conference. Ive got it down situation dominating discussion on the 8th and economic forum in russias lead Davis Stock lessons learned the topic on everyones lips.
So lets get started. The really the program with the latest in the worlds 3rd largest economy as japans top official confirms he will not seek to continue his role as leader of the governing party after just one Year And Office following months of allegations that the Government Response Jacoby 1900 was too slow along with criticism over the decision to continue with the olympic games a summer. Prime minister go she, hed a to guy says his goal moving forward is to continue to focus all of his efforts on the health of the japanese people. So can you, at the liberal democratic Party Committee . I said i would like to focus on cobra 19 measures. So with that in mind, that ive decided not to run in the Party Leadership elections. While thinking about running and thinking about coven 1900 measures in the election campaign. Doing both takes enormous energy. Ive decided that i should just choose one or the other. I have made many promises to the people i want to dedicate myself to prevent the
Time to get you brought up to speed on the morning level. Use headlines. Join us again. That the welcome back to Kaiser Report. I Max Kaiser and Stacy Herbert with another special episode. Summer Solutions Today were talking with John Robina of Dollar Collapse Dot com. Stacy right. 2021 has been the year of the i word inflation. Even the central bank is mentioning inflation. Is it transitory . However, as the central bank is arguing, or are we going to see something worse coming forward in the next year or 2 . Yeah, we have inflation all of a sudden after what, 2 decades of 0 inflation and all of a sudden were at 4 or 56 percent depending on the the measure use. And the interesting thing about this version of inflation is there are a lot of cross currents, you know, there are a lot of what they call base effects where we had kind of deflation at the beginning of the panoramic. And so the year over a year comparisons are exaggerated by the really low numbers back that and but then weve
Inevitably going to make the value of all the big currencies go down, which is how most people define inflation. So thats already baked into the k, you know, whatever happens this year is less important than the longer term trends. And theyre, theyre what theyve been, you know, for the last 5 or 10 years, youve been able to point to the macro things going on out there and say that yes, the value of the big C R currencies has to fall going forward. So i dont think we should get too excited about whats happening right now. Although theres always a chance that that it spooks, the markets you know, before it moderates does moderate. And that brings about the final price. But you know that theres so many catalysts for gigantic financial crisis out there. Any one of which could tip us over the edge and this could be one if inflation stays high longer than the markets can tolerate. So ok, long answer to i guess what could have a short question. I dont really know. I dont know if we have infla
Episode. Summer Solutions Today were talking with John Ruby now of Dollar Collapse Dot com. Stacy right 2021 has been the year of the i word inflation. Even the central bank is mentioning inflation. Is it transitory . However, as the central bank is arguing, or are we going to see something worse coming forward in the next year or 2 . Yeah, we have inflation all of a sudden after what, 2 decades of 0 inflation and all of a sudden were at 4 or 56 percent depending on the, the measure use. And the interesting thing about this version of inflation is if there are a lot of cross currents, you know, there are a lot of what they call base effects where we had kind of deflation at the beginning of the panoramic. And so the year over year comparisons are exaggerated by the really low numbers back that and but then weve got spiking industrial commodities and all kinds of weird Supply Chain things going on thats forcing manufacturers to pay way up or whatever they want. So its really hard to tel