How has his week been . Francine it is been a tough week. Lets putain said, the scandal and angle over one of his top advisers driving to his family home in the middle of a lockdown, he is hoping with the gradual reopening of the economy people will be behind him more than they have in. They have been. There is a big figure in terms of euro area inflation close to zero which will put pressure on the ecb to act next week. Tom no question that disinflationary tendency of may with every indication will migrate into june. The jobs report front and center a week from today. Now, our first word news. Ritika in minneapolis, the third night of violent protests over the death of george floyd, a black man who died in police custody. Protesters torched a Police Station and businesses were burned. Moved to other cities. On twitter, President Trump blasted the mayor of minneapolis , called the rioters bugs, gs, and threatened to call in the national guard. The president signed an executive order to
Dot com stay with us now for the Financial News in the kaiser report. Hello there im max kaiser this is the kaiser report the show that goes there. Days hey max by the way you know its just a week and a half from today that we will d be imposing tariffs big tariffs on european goods this is a bit of a shock in the past came out of the blue we were in these trade wars cold wars civil wars we had all these wars flying back and forth alone behold suddenly we start sanctioning well imposing tariffs on european goods and this is based on a w t o ruling that they decided that in fact air bus had provided 7500000000. 00 worth of subsidies to air bus from the European Union nations so we get to impose some and of course child picks out all the nice foods if he doesnt apply you know he famously it likes things like hot dogs and hamburgers and burger king stuff and donals and junk food so hes applied it to things like stilton cheese ing google and stuff like that not bring. One. You know this is
Pay the 10 or 20 up to between 10 and 25 percent of the various tariffs being applied i believe its 10 percent on air bus products so there is that but also you know its interesting that you mention the printing of money and. Like why is the fact that say for example the e. C. B. Has printed more money than the Federal Reserve bank why is not that considered a subsidy as well like oh are we going to start getting down to that sort of micro level whos printing and cheating more theyre all cheating essentially is what theyre saying but some are cheating faster and harder than others right its a form of cheating again when you leave the Gold Standard theres no way to have an accounting or a Balance Sheet that shows exactly whos trading with who and what a sorts of silly print money to cheat to undermine to try to grab a few extra pennies or euros here and there and that it is part of the scheme and that is what happens when the f. E. M. A. Money and Central Banks and. And and fractional r
No on the latest growth figures we just cited some of those for china on the Global Forecast 429000 the i. M. F. Forecast is now at 3 percent that would be the lowest level in that figure since 2008 and that highlights a necessity perhaps from market policymakers to strengthen domestic financial vulnerabilities pose risks to growth in the medium term what domestic vulnerabilities do you think policymakers at the i. M. F. Are steering national pauli make and policy makers toward addressing. Well you know theres no i dont put a lot of credence into the i. M. F. To begin with i mean going back to Christine Lagarde i mean they really dont have an understanding or who have even how the Business Model works so i really put very little into what they say and if you want to tell you that chinas numbers chinas numbers ive never been we can never prove it to shine numbers are accurate either so between the 2 of them i really dont even pay virtually no attention nor do markets as you can see that
Thing collapses which is now a dead certainty well speaking of dead certainties of course the air bus doesnt drop out of the sky as frequently as the boeing airplane so now unless we want to pay the 10 or 20 up to between 10 and 25 percent of the various tariffs being applied i believe its 10 percent on air bus products so there is that but also you know its interesting that you mention the printing of money and. Like why is the fact that say for example the e. C. B. Has printed more money than the Federal Reserve bank why is not that considered a subsidy as well like oh are we going to start getting down to that sort of micro level whos printing and cheating more theyre all cheating essentially is what theyre saying but some are cheating faster and harder than others right its a form of cheating again when you leave the Gold Standard theres no way to have an accounting or a Balance Sheet that shows exactly whos trading with who and what a sorts of silly print money to cheat to undermi