We also have the oil wars going on allegedly some oil wars we have russia versus saudi arabia the price crash you know kind of started with when the opec plus when they met you know saudi arabia essentially and russia and russia decided not to cut any production based on the decline in demand out of china and elsewhere but also right after that saudi arabia offered up to a 10. 00 discount per barrel just because i guess. Theyd been solomon got a little bit upset and threw a temper tantrum so thats what happened there but you know that seismic sell off a 30 percent and then followed by a like 101213 percent rise and boom bust and boom bust i thought this was an interesting tweet to kind of look at the whole situation is from royce we went to the last episode and he was so prescient about this pandemic situation when he predicted sort of a pandemic basically that negative rates were signaling that he predicted that last june or july he says i think we have just witnessed the end of the p
End of the day you know i dont see how we move a lot of system where these people get away with you know misrepresenting us why not step up and do it yourself. Max kaiser this is the kaiser report the pandemic it dition special times require special reporting of course because a report has been anticipating so much of whats going down around the world stop a big surprise for those of you whove been watching us for so many years is that right stacey max it is a continuation of the pandemic and the Pandemic Response in a pandemic situation we also have the oil wars going on allegedly some oil wars we have russia versus saudi arabia the price crash you know it kind of started with when the opec plus when they met you know saudi arabia essentially and russia and russia decided not to cut any production based on the decline in demand out of china and elsewhere but also right after that saudi arabia offered up to a 10. 00 discount per barrel just because i guess. Theyd been solomon got a lit
U. S. Dollar loses its status as the unit of account in World Reserve currency Something Else is coming it wont be u. S. Dollar it could be another countrys currency or another consortium of countries developing some other currency backed by somebody elses oil or gold etc just to make clear that in russia the breakeven point is about 15. 50 because there is an 8. 50 cent tax on every single barrel so you have a cost of production its about 7. 00 but they add in the cost of the tax just like in the United States about 50. 00 is the break even and that includes a tax of about just under 7. 00 obviously since we went on the u. S. Dollar standard and we were untethered from cold then we could control everything because we could print as much debt as we want and nobody really knows how much debt we have and thats why we have the repo market situation thats why we keep on having boom and bust thats why we have especially at the bus like radical bust because people are when sort of crisis hit
Max kaiser this is the kaiser report the pandemic it dition special times require special reporting of course because report has been anticipating so much of whats going down around the world stop a big surprise for those of you who have been watching us for so many years is that right stacy max it is a continuation of the pandemic and the Pandemic Response of the pandemic situation we also have the oil wars going on allegedly some oil wars we have russia versus saudi arabia the price crash you know kind of started with when the opec plus when they met you know saudi arabia essentially and russia and russia decided not to cut any production based on the decline in demand out of china and elsewhere but also right after that saudi arabia offered up to a 10. 00 discount per barrel just because i guess. Bin solomon got a little bit upset and threw a temper tantrum so thats what happened there but you know that seismic sell off a 30 percent and then followed by a like 101213 percent rise an
News mac. Breaking tonight, 15 states, a mountain of delegates on the line. Super tuesday minutes away in some parts of the country, where voters will essentially choose the president ial ticket, former President Trump is hoping to buy the nomination out of reach for nikki haley and president of biden hoping the uncommitted vote wont Stop Chipping Away at his already anemic numbers. Which edson is alive in texas with a super tuesday preview, and more on the brandnew poll numbers. Bridge, good evening. Reporter good evening, that map represents more than third of the delegates available and the president ial nominated contest for both democrats and republicans. [ boos ] texas has the second most delegates awarded next to california, former South Carolina governor nikki haley has been campaigning across several of the 15 super tuesday states, ended up here in texas this evening, had stopped over the past few days in north carolina, massachusetts, North Marmont and mena. Highlighting just