Schwarzman no no he said blackstone k k r 10. 00 it travis exactly right so this plays into the steam of neo feudalism everything being taken private so what is i mean that means for example walgreens boats already merger as you discussed theres fewer and fewer competing Companies Competing with each other theyre all being consolidated into an oligarch played them in a monopoly and then they are taken private 70000000000. 00 deal largest private equity deal over those deals are going to need to become bigger and bigger will say 150000000000 dollars 300000000000 dollars im sure Warren Buffett also Berkshire Hathaway in a 600000000000. 00 deal with some saudi prince at some point but its all being taken private and thats just another stepping stone along the way of that trend weve been talking about here for a few years and if theyre spending 70000000000. 00 and its not their money theyre borrowing that 70000000000. 00 or 7070000000000 dollars against the assets of walgreens. Its the Pen
On those stories over on our website we will be back with full roundup of the latest world news in about an hours time right now though it is time for max and stacy with kaiser report. I am i skies are this is the kaiser report our markets are make a new all time highs interesting the money that is being forced into the. Markets like grain into the liver of a duck off farm it has to come from somewhere a lot less lets dig into the us a little bit more stacey yes as we always say the fed is feeding the ducks on their for farm over and over again but of course were in new york and one of the good things about being in new york as we always tell the audience we get to watch the cable news we get to watch our socalled competitors and there is no worry here you know i had id id actually rather have our competitors be better because it encourages us to be better but nevertheless also when were in hotels we get to see the Financial Times and you see all that the cable news except for kaiser r
I am i skies are this is the kaiser report on markets to make a new all time highs interesting the money that is being forced into the. Markets like grain into the liver of a duck off farm it has to come from somewhere a lot less lets dig into this a little bit more stacey yes as we always say the fed is feeding the ducks on their for farm over and over again but of course were in new york and one of the good things about being in new york as we always tell the audience we get to watch the cable news we get to watch our socalled competitors and there is no worry here you know ive ive actually rather have our competitors be better because it encourages us to be better but nevertheless also when were in hotels we get to see the Financial Times and you see all that the cable news except for kaiser report is covering and its really important head of the Financial Times private equity firm k. K. Our lines up 70000000000 dollar buyout of walgreens boots walgreens boots obviously are a consol
R 10. 00 it travis exactly right so this plays into the steam of neo feudalism everything being taken private so it is i mean that means for example walgreens but its already a merger as you discussed theres fewer and fewer competing Companies Competing with each other theyre all being consolidated into an oligarch play them in a monopoly and then they are taken private 70000000000. 00 deal largest private equity deal over those deals are going to need to become bigger and bigger will say 150000000000 dollars 300000000000 dollars im sure Warren Buffett also Berkshire Hathaway in a 600000000000. 00 deal with some saudi prince at some point but its all being taken private and thats just another stepping stone along the way of that trend weve been talking about here for a few years and if theyre spending 70000000000. 00 and its not their money theyre borrowing that 70000000000. 00 or 7070 1000000000. 00 against the assets of walgreens boots i. E. The Pension Funds of all the m. Ploy the b
Walgreens boots i. E. The Pension Funds of all the employees the buildings in which walgreens lives theyll just sell 3 it all off pay themselves a huge dividend leave the 70000000000. 00 of debt with the public shareholders when theyve bring it back to the market and dump it on our pension fund leveraged buyout just to be clear youre youre pledging the assets of the company to borrow the 70000000000. 00 in this case from the central bank that will charge you nothing for it then you make the acquisition then you make a few spin offs like the pension accounts to pay back that debt and you keep the keep the rest i mean thats what ray dal you know is essentially talking about when he says billionaires like himself or henry kravis or Steph Stephen schwarzman they get to borrow for free at the fad and then destroy the livelihoods of the bottom 50 to 90 percent of the population sells 500000000. 00 in stock i dont know how to pronounce his name kalanick hes the guy who is out. Said he gets 50