We got white people back here still Work National buildings in the state in the countrys capital which are yours but if they see us little rock they can shoot in the face of the rubber bullet if they see us for any being that looks like a good theyre going to kill it on a daily basis. This is what you get when you dont hold other cops accountable when you let them kill other people when you let them kill us we dont hold your partner accountable this is it this is. The tramp on twitter have locked horns on friday a tweet by the president about the rights in minnesota was hidden by the social platform in the tweets trump slams the rioters in minneapolis saying the military supports the governor he also warns that if there was looting there would be shooting to it is they as they post in violates the its rules about glorifying violence dont quarter picks up the story. Donald trump and twitter are clashing swords it all started with the president s tweet about mail in voting his claim that they could lead to fraud was slapped with a fact check labeled by the social media giant and now trumps dishing out some executive punishment what they used to fact check and what they choose to ignore or even promote is nothing more than a political Activism Group or political activism and its an appropriate executive orders targeted at major social media platforms and aims to trim down Legal Protections that have long let these companies censor content without liability however trumps liberal opposition seems to think the president is giving this debacle way too much Attention Congress out there triggered this morning conference of the treaty we dont yet know how exactly trumps order will make any legal difference but hes clearly sending a message that these social media corporations do not have a monopoly on truth strangely enough an unlikely ally has come forward to support trump a leader from the very industry that hes at odds with but i dont think. Facebook or forms in general should be arbiters of truth i think thats kind of a dangerous line to get down to in terms of deciding what is what is true and what isnt. And i think political speech is one of the most sensitive parts in a democracy and people should go to see what politicians say at the same Time Facebook announced its now verifying the identities of important people in its war on distant from asian what a coincidence a number of democrats have already called zuckerberg out for what they saw as pandering to trump as far as it platforms are concerned they want 2 things from the federal government no regulation and no taxes and so they cater to the trumpet ministration all the time i think that my telco barracks statement was a disgrace suck about this not worried about being bullied by trump. Hes worried that facebooks p. R. Operation is falling apart as its exposed that that platform relies on White Supremacists and dissing from a should populace to be successful they are ignoring them that protecting them the liberals are fighting a 2 front war though both against trump and twitter one of their latest weapons against the platform is a Watchdog Group called accountable tech it was founded by a former aide to the Obama Administration and another influential liberal activist they say the organization exists to combat what it considers misinformation and counting able to push for social media platforms to take immediate meaningful and achievable actions to better serve the public and leave up to their founding ideals at least republicans and democrats can agree on mistrusting social media criticisms of platform bias have come from both Political Parties these people are all democrats its totally biased toward democrats if i announce tomorrow that im going to become a nice liberal democrat i would pick up 5 guys who were following the American People know that the president has no qualms about lying to them but it is a shame to sit with sources of news for millions do the same new elections are on americas doorstep and both parties are competing for the all encompassing control over information that social media provides the sad part is that whoever wins it seems like someones freedom of speech will be going out the window. Meanwhile as the u. S. Struggles with social unrest on the worlds wests kovac 19 situation is once booming Oil Shale Industry is also in trouble to big names in the field have already filed for bankruptcy over the past 2 months with over a dozen more reportedly preparing to do so in the near future as you can if they be share prices of multiple u. S. Oil drillers quoted on the New York Stock Exchange have been on as the downward trajectory of late a preexisting lack of confort. On the part of investors has now been compounded by a major slump in Oil Consumption cools by the pandemic and its not only the u. S. Oil industry that is bearing the brunt as many other sectors are also under pressure due to the lockdown measures this is led to a dramatic spike in the number of job list americans over the past 2 months with the number of those filing for Unemployment Benefits reaching levels on heard of since the great depression. Lets now bring in im not hide that from a stockbroker and cofounder of the hollywood Stock Exchange here now has to say im so on i channel not good to see now the u. S. Sell industry seems to be among the sec to taper taking only hard by the Current Crisis with Numerous Companies in the field now filing for the banquet stage how big a blow to expect this to pay for the u. S. Economy in general and is there really no end in sight. For the shale industry and existential threat for the reasons that weve talked about before the industry is too highly leveraged and in fact the industry the shale industry was never ever going to see a profit so the amount of cash that goes in was always going to be more than the amount of cash you can get out its been cash flow negative from the beginning its basically an industry supported by the junk bond market and the junk bond market is supported by the Federal Reserve in money printing so now that the ponzi scheme that is the shale industry and the Federal Reserve has blown up burning made us this whole industry is getting wiped out add to that the incredible demand shocks from covert 19 and this is impacting the the whole Global Energy markets but the u. S. Has the weakest Balance Sheet and is in the weakest position to defend themselves against the ravages oppose coated and the pop in the Global Energy and bond ponzi schemes. And nice demands from various sources put the number of americans employed directly or indirectly in the shell industry at either 10000000 and only people going to end up on the dole to. Right unemployment in america is higher and not just the sick shale industry but its across the board almost every industry is getting impacted by the revelation by the market suddenly that americas got too much debt you know american the American Economy for the past 2025 years has been pumped up with artificially cheap rates money printing and faulty or fake accounting even a big bank like bank of america recently put out a report citing the Federal Reserve bank in washington d. C. As engaging in market fakery there theyre accusing the shit head of faking markets faking prices the fed is buying junk bonds they actually bought a security that has the Ticker Symbol j and k. It stands for junk bond and they theyre buying these by the billions hundreds of billions and trillions of dollars so the way i kind of describe this nicky is that this is part 2 of the 2008 financial crisis so in 2008 the Global Financial crisis hit and instead of reforming the system so that we wouldnt have had a repeat of all that the american policymakers did was give Central Banks and wall street banks a bigger line of credit to do the exact same thing but much bigger and of course the results quite predictable are a much worse crisis there could be our Current Crisis undermined the dollars position in the long run as many Central Banks around the globe may become disillusioned with the performance of the u. S. Economy. Its the history of global reserve currencies goes back hundreds of years and weve seen particles spain france Great Britain and then the us have the global Central Reserve currency that runs the World Economy and it lasts for about 100 years or so and then it collapses and then Something Else takes over i think were at the end of the u. S. Dollar as World Reserve currency what comes after that thats open to debate you know we can talk about that another time but in terms of whats happening right now confidence in the u. S. Dollar is adding the use of u. S. Dollar around the world and Global Commerce is shrinking it was that after world war 2 roughly 7580 percent of all trade was done in u. S. Dollars that number is down barely above 50 percent once it drops below 50 percent and you can officially say the world is moving on from the u. S. Dollar and that would have serious impacts in america because it means everything that americans are buying today cheaply due to having a u. S. Dollar as World Reserve currency suddenly gets a lot more expensive so the 2nd part of this Unemployment Crisis will be inflation prices are going to start to move higher at this at that at a time when incomes are dropping thats a recipe for disaster and we see the riots all over america this is a prelude for a much more serious situation in my view nikki i do think salander 3 even has a future that will ever recover. The shell industry was in america was never profitable from day one it was totally on life support from day one from the Central Banks and the wall street banks it was merely an excuse to print up junk bonds theres nothing economic about american shell in history even at 67080. 00 a barrel the shell industry in america in aggregate was not making money it was a its always been simply a way for bankers to make skiis by selling junk bonds to is stupid Pension Funds and the Pension Funds in america always end up bearing the brunt of these towns these games on wall street so no i dont think its coming back because there was no reason for it to exist in the 1st place and the administration to its credit may have to raise Unemployment Benefits but the aid package would be extended posture life 31st now is it realistically possible to when so within the coming 2 months that most of those who have lost their jobs will find new ones. Now but heres where heres the remarkable thing that is that when these benefits that have been pumped into americas working class hit the fact accounts it suddenly was determined and this is borne out by the statistics that american incomes have gone up dramatically recently based on this injection of funds from the government that shows conclusively that before these subsidy checks that were sent out to americans being unemployed that americans by and large are living on subsistence wages america is a nation of subsistence wages and you know the subsistence wages are just one step above slave wages you know i joke that all this money printing requires a lot more dollars and dollars are made of cotton so america to feed the money printers may return to an agricultural cotton producing country you know get down there pick some cotton so that the central bank can print money print or go burrow and the fair is that when the aid package is phased out the baby away for the vixens i sought declining in consumer demand is that a scenario that you envisage is as well. Right so lets walk through that for a 2nd so people are getting furloughed theyre getting breaks on rent except and theyre trying to make it through the next month or 2 but behind all the tenants are all the landlords and the landlords are also highly indebted and theyre defaulting on their loans and that means that banks that have made those loans to those landlords their Balance Sheet is now crumbling so were going to see some Major Bank Failures and then were going to see a cascade effect and were going to see a lot of financial misery as i said i think the best way to look at this is that is part 2 of the 2008 financial crisis remember the world came within an hour of going completely bankrupt and then suddenly that money printers came in and we simply kicked the can down the road for 12 years now in 2020 this is now the final come up and this is the system of trying to print your way to prosperity and now were going to see an Enormous Economic devastation and of course within the devastation there will be some opportunities but thats something we can talk about another time. Thank you for talking to us thats not. Sure. Youre threatening retaliatory measures against the u. S. If washington doesnt stop interfering in chinese internal affairs that come 1st china moves to impose a new security to go on hong kong in a bid to quell unrest in the territory where this is prompted donald trump to revoke the regions special thanks. China has replaced its promise formula of one country 2 systems with one country one system therefore i am directing my administration to begin the process of eliminating policy exemptions that give hong kong different and special treatment my announcement today will affect the full range of agreements we have with hong kong from our extradition treaty to our export controls on do a use technologies and more with few exceptions more on this story wait joined by correspondence. To say and how big a blow is this status for hong kong. Well this week protesters were shouting hong kong is not china we are special while waking up this saturday they face a bitsa a reality that in the eyes of the u. S. Hong kong is not quite as special as it used to be because on friday President Trump announced a series of punitive measures against china including revoking such a trade privileges that hong kong has enjoyed for almost 3 decades now very few details were actually given but apparently its an end to that preferential treatment that has allowed the region to flourish as a Business Center some of a Key Takeaways from friday the u. S. Will now deny entry to chinese nationals suspected of having ties to the military or about snooping on research being done in american universities and a found favorite of the Trump Administration of course sanctions will be imposed on those chinese and hong kong officials that washington believes all foes of freedom. The United States will also take this is serious steps to sanction p. R. C. And hong kong officials directly or indirectly involved in eroding hong kongs entente army and so and just if you take a look smothering absolutely smothering hong kongs freedom. Our actions will be strong our actions will be meaningful. Now this all comes up to china greenland a clench of the actual piece of legislation for hong kong and state the National Security law and that will ban treason terrorism any behavior that threatens National Security beijings move triggered mass protests this week and culminated in the arrest of around 300. 00 people and states like the ones being lambasted as undermining hong kongs autonomy but while washington claims that it supports and cats about the end to china protests in hong kong these very new matches what actually caused precisely the outrage hong kong to suffer the most so theyll no longer be able to travel these are free to the u. S. Well im potentially steps in that and if Companies Get cold feet and say you know what its just 2 months rocks in hong kong at the moment im going to move my office else what well thats fewer jobs unless Foreign Investment meaning that home comes reputation as an International Financial hub is in jeopardy and a final major moment in fridays speech was that the u. S. Will be severing all ties with the World Health Organization perhaps not a surprise considering that donald trump has consistently accused the w. H. O. Of being involved in a massive cover up with china regarding the Creative Arts pandemic. Chinese officials ignored their reporting obligations to the World Health Organization and pressured the World Health Organization to mislead the world when the virus was 1st discovered by chinese authorities. Critics say these are all just political games trump is trying to generate new headlines and detract from his mishandling of the pandemic that has claimed over one 100000 american lives after all lets not forget 2020 is Election Year donald trump wants to look decisive and strong