Reporter according to the San Jose Police officers association, street racing incidents are on the rise and until the department can fully staff traffic enforcement, the union says getting help from the community will be essential. Its very, very important when they do see Something Like that that they call immediately so we can try to get officers out to that area and hopefully prevent another tragedy from occurring. Reporter while nothing can bring the victims back, family members are hopeful the through suspects will do the right thing and turn themselves in. They reached out to so many lives and they always brought smiles to those faces. Reporter Memorial Services are being planned for the two victims, anyone with information on this case is urged to call police. Reporting in san jose, im chris nguyen, abc 7 news. Thank you. Highway 24 had to be closed after a crane doing work at the lafayette bart station hit a power line this morning. It happened just before 5 30. The crane came
Of water. Reporter rob hayes, abc7 news. Coming up at 5 00 youre going to hear from a local man who says he was caught on that same boat when it caught fire and sank, pardon me. That is on abc7 news at 5 00. Hurricane dorian is blasting the bahamas right now. The storm has lost some of its strength but remains a powerful category 4 hurricane. If you look at the radar now, the hurricane is barely moving, just spinning over the islands at this point. It is one of the strongest storms ever recorded in the atlantic ocean. When it made landfall with 185 mile an hour winds, it tied a record. So the question now is where will dorian head next . Florida is already seeing some of the rain bands, but it turns to the north that mutts North Carolina and georgia in the path. There are millions of people who have now been told to evacuate. Reporter dan and ama, here in florida the message from officials is simple. Get your lastminute preparations in today because dorian is coming and you need to be
10 year yield and as you see since basically the European Union finally began quantitative easing in earnest theyve gone into negative territory but i tell you whats remarkable is that you know we made a film like 10 years ago about the collapse of iceland we went to iceland about 6 months 9 months before it collapsed and predicted that it would collapse because it was a serious ponzi scheme where the banks were lending. To speculate and the result of that speculation in the Housing Market would be used as collateral at the bank to create more lending so it became a huge ponzi scheme force a collapsed now people talk about these negative Interest Rates they think its the result of some policy by someone in doing some economic bennett benefit but they dont understand is that is the biggest bubble in history the sovereign bond bubble is by far the biggest ponzi scheme bubble its ever been created in the history of the world and when you talk about these sovereign bonds trading in negativ
A settlement in gold and then that was stopped in 71. 00 then you had c. I. Currencies or franc the other feet of currencies and thats how you end up with a global ponzi scheme and you had as nomi prins writes in her excellent book collusion about how the Central Banks then were no longer competing with each other in a mercantile a system but became their coconspirators in a global monitor a system where each bank was simply passing the hot potato around the world and there was never any moment when Interest Rates are not being cut over the past 40 years 45 years thats never happened in one country may have raised a bit but another country would have dropped by considerably more the net result is now the goal of the globe is their debt to g. D. P. For planet earth is approaching 350 percent well some say that the u. S. Dollars back backed by oil so it always has been backed by something hard. Liquid oil the other thing that were seeing however is as Michael Hudson dr Michael Hudson an
Thinkable of course this is the german eels and this is the u. S. 10 year yield and as you see since basically the European Union finally began quantitative easing in earnest they got into negative territory but i tell you whats remarkable is that you know we made a film like 10 years ago about the collapse of iceland we went to iceland about 6 months 9 months before it collapsed and predicted that it would collapse because it was a serious ponzi scheme where the banks were lending. To speculate and the result of that speculation in the Housing Market would be used as collateral at the bank to create more lending so it became a huge ponzi scheme force a collapse now people talk about these negative Interest Rates they think its the result of some policy by someone in doing some economic benolt benefit but they dont understand is that is the biggest bubble in history the sovereign bond bubble is by far the biggest ponzi scheme bubble its ever been created in the history of the world and