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Welcome to kaiser report Summer Solutions im max kaiser here with Stacy Herbert you know we look at the solutions we love take a deep dive into the issues weve been chatting about all year now today were going to be talking with faneuil would have more also known as an l w of the breakdown pod cast been following him on twitter for a long time listen to his pod cast you know the great thing about this whole new universe of media states is that people who might not get on media get on media and then they run to the top and suddenly theyre like wow these people are awesome and i would put and i say in that camp what do you think well thats the good thing about talking to heterodox thinkers because we dont have to just stick with the orthodox guys that are so boring on all the mainstream cable news channels we have the best guess so you know nothing i want to talk to you about ....
Monetary system and our economics and theyre going to rescue or save everything but theres seems to be like with this pandemic and also with the increasing like collapse of the economy and markets and then the bailouts and all that sort of stuff that theres an undermining of there or thorough going on and that this is a moment now where we could have a rebirth i mean absolutely the only addition that i would say is that i dont think that thats just theres not just a single equivalent to the vatican in the sense that theres not just one of 3 thats being undermined i think theres multiple authorities being undermined you have on the one hand i think youre absolutely right to identify that the the Central Banks have been exposed not as bad by definition or any way just as extremely limited in what they can do and they keep doing the same thing over and over again they ignore and this is the part where gets a little will fold ignore th ....
Like cabal of elites who only know all the secret information about our Financial System our Monetary System and our economics and theyre going to rescue or save everything but theres seems to be like with this pandemic and also with the increasing what collapse of the economy and markets and then the bailouts and all that sort of stuff that theres an undermining of there are the worthy going on and that this is a moment now where we could have a rebirth i mean absolutely the only addition that i would say is that i dont think that thats just theres not just a single equivalent to the vatican in the sense that theres not just one a story thats being undermined i think theres multiple authorities being undermined you have on the one hand i think youre absolutely right to identify that the the Central Banks have been exp ....
Sharing intelligence and theyve all backed away you look at the u. K. It looked like they were going that way and now theyve Scotland Yard and there are a most well you know them to do were looking at other things. And this comes after the president signed an executive order on august 14th which requires tick tocks Parent Company bite dance to divest its interest in tick tocks u. S. Operations within 90 days now once again Chinese ForeignMinistry Officials say that this is just another example of how the u. S. Is violating its own free market principles. Because as a dummy so does he once again proves that the socalled freedom and security are nothing but an excuse for the digital gunboat diplomacy pursued by some us politicians. Do this type of bullying is a b ....
National security and tiktok says it is pure politics. And the official nomination of President Trump at the republican convention. He says his opponents want to steal the election. Haidi we have again u. S. ,arkets with fresh record highs a little relief given expectations of the fasttrack process when it comes to vaccines and therapeutics as well. The s p 500 notching another alltime high, there is optimism the virus will not hamper growth. We are seeing a muted session on it comes to the futures sessions, flat at the moment. Little negative when it comes to the start of trading in asia. The nikkei to do five trading in chicago seeing downside about 1 10 of 1 . Dollaryen holding. The biggest declines in the g10 space was the kiwi and looney. We are also watching the price of crude as we have twin storms approaching. 80 of refinery output in the gulf of mexico has been halted, potentially seeing some impact when it comes to crud ....