Disaster. Monetary policy works through emulating aggregate demand and that is important now. Ultimately, there is a job to replace lost income. Our congress stepped in and there has not been a faster or stronger response from congress to an economic emergency since the great depression. The cares act and other laws have been passed to more than offset lost income in the aggregate. There will be people for whom that is not true. You see high levels of savings on the Balance Sheets of households. Not experienced the downward cases we were worried about of mass insolvencies of businesses so far. So far, so good, i would say. There are no full recoveries without confidence. Do, which ipart to think we have done. The path forward will be challenging for a number of reasons, and i am sure we will get into some of them. Congresso do more and might need to do more with fiscal policy. The particulars of that are up to congress and not up to us. It is likely more will need to be done in time. O
And a military uprising in mali sweeps the president from power threatening to plunge the country people into chaos. As the roundup of the headlines here on r. G. P. International the kinds of reporters up next they will. Either this is max kaiser this is the kaiser report Summer Solutions thats right some are solutions now today were covering whether or not gold price moves are signaling an end to the u. S. Dollar with our guest superstar allister macleod of gold money dot com alister welcome thank you for asking me facts all right well alistair 1st of all i might want to say of course max and i are investors and gold money dot com because we love the company and you do a lot of Great Research so were having you on here to discuss some of your research and the solutions to the issues though when you look at gold and you look at the fact that its sort through 2000. 00 do you agree with what Goldman Sachs who is one of the biggest beneficiaries of the can tell you in effect all of the s
Have been cut. Can find more on those stories over on our website r. T. Dot com well have a full roundup of your news about an hours time right now reports. Either this is max kaiser this is the kaiser report Summer Solutions thats right some are solutions now today were covering whether or not gold price moves are signaling an end to the u. S. Dollar with our guest superstar allister macleod of gold money dot com alister welcome thank you for asking me facts all right well alistair 1st of all i might want to say of course max and i are investors and gold money dot com because we love the company and you do a lot of Great Research so were having you on here to discuss some of your research and the solutions to the issues though when you look at gold and you look at the fact that its sort through 2000. 00 do you agree with what Goldman Sachs who is one of the biggest beneficiaries of the can tell you in a fact all of the sort of money system they say that the u. S. Dollar is days are ne
You the same question a you or d an l because that will really dictate what kind of policy is necessary to get out of this lump go ahead ben. Well i think policy has a lot lou with what type of shape it is so right now were in a flat line and its because we have shutdown orders that are essentially telling people not produce so the question is when shutdown orders are lifted what the normal Economic Activity and recovery look like and i dont think it looks like a b. Because that would imply that were going back to the economic world we all lived in at the start of the year but the virus is still going to be with us so opening back up means taking account of that and weighing that in our economic transactions so restaurants working at half capacity or a 3rd capacity whatever customer is an entrepreneurs the state airlines that much less than capacity all of these things dont abide by bouncing back to where we were no i think whats important is that we dont have dumb Government Policies
Waters. I got those are your headlines of one of those stories you can go to r t dot com for more information right now stay tuned for more great programming this is our international. Hello and welcome to cross talk were all Things Considered im Peter Lavelle with good reason Public Discourse is focused on addressing and finally containing the code 19 pandemic the focus is on devastated economies were in a recession will it morph into a depression will the recovery be you. Know. Crosstalk economic recovery im joined by my guest Benjamin Kyle in lubbock he is the director of the Free Market Institute a professor of economics at Texas Tech University as well as the senior fellow with the independent institute and in los angeles we cross to he is an independent economic and geo political analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciating lets go to los angeles 1st year time i sai