ballistic is like the weaponization of monopolization either way we've come up with some ingenious ideas here and kaiser where we're still in mexico city and news continues to happen north of the border however and we're going to look at some headlines from there and actually has one of your favorite words while we're down here in mexico and that is eat max loves to eat his mexican food he loves the. amazon eats up whole foods as the new masters of the universe plunder america unlike our old moguls the new masters don't promise greater prosperity but a world where most people are to be satisfied by a state provided basic income and occasional gig work so here you have amazon who is using its stock price that got that way by being able to bully its way into a number of different markets and competitively under price the competition to put

them out of business before raising prices here they want to get into the food business and when this announcement was made a lot of the food the supermarket stocks crashed even wal-mart had to pull back because you're taking a business model jeff bezos offering food at below cost to get more people on the prime amazon prime or some other service and he's already said or there's already been talk about getting rid of cashiers getting rid of a lot of jobs delivering food by drone using these whole foods stores as socially drone launching pads it warehouses to really enjoy near the food market in america but just like to actually drivers truck drivers cashiers these are the minimum wage or little more than minimum wage jobs that are the ball work of the american economy if you get rid of drivers with automated goobers and you get rid of truck drivers with automated trucks you know you going to get really cashiers at whole foods and other grocery stores have to compete. now with amazon

whole foods you're going to put millions and millions tens of millions of people out of a job they're on to basic income as you say this is the likes of mark sucker bergen people like that are coming forward saying well maybe we need a basic income because they themselves don't want to give up their monopolistic positions over eyeballs on the internet so for example i saw that something like four out of ten dollars spent on line is spent on amazon and they hope to capture even more of it it doesn't look like there's any sort of anti-trust actions coming anywhere on the horizon and they say in this article they point out that with this thirteen point seven billion dollars acquisition of whole foods amazon's jeff bezos has made clear his determination to dominate every facet of mass retailing likely at the cost of massive layoffs and the eight hundred billion dollars super market sector but this if anything understates the ambitions of america's new ruling class almost entirely based in san francisco and seattle as it moves to take over

industries from entertainment and transportation to energy in space exploration that once thrived in competed outside the reach of the oligarch. the like saudi arabia especially princes who have access to cheap money like the princes of saudi arabia have access to cheap oil they just pump oil and give themselves all the profits and the rest of the economy are slaves or serfs to the princes americas be turning into a serf and lord economy jeff bezos becomes a lord everyone else is a serve maybe they are gathering to where the gig economy you know delivering locally a couple meals or the or hired to fix a plumbing job for ten bucks or something like that of course the basic income is talked about by the likes of mark zuckerberg he's the guy they want to distribute the basic income if they come up with facebook coin her or something like this they've got two billion users around the world they then become of the purveyor of the basic income so you're chatting on your facebook and if you. click on enough to

maybe make five bucks yeah and of course amazon prime is now available to people on welfare in america cards could be so he wants to merge basically well whole foods go down market and to be available for those who are on state subsistence to make some sort of. that capture this mark and i think probably to get state support for his monopoly sort of positions now the next section of this article they go into specific companies of these big five like the fang shares the emergence of oligarchic america the section is called this is founded two decades ago amazon revenue has grown eight fold in the last decade bezos now wants to reorganize the world as one tech writer put it as an amazon store front he has done this by convincing investors that despite scant profits the ample rewards of monopoly await kroger or the corner food store enjoys no such luxury with

a seemingly endless supply of capital and the prospect of never ending expansion the silicon valley puget sound oligarchies now accounts for six of the world's thirteen richest people and virtually all billionaires who are not very old or merely and herders of course also own the washington post which is a very important newspaper particularly in shaping the conversation on the cable news or the nightly news or in the halls of congress so they shape the opinion of this world that bezos wants to turn into an amazon store fronts well typically when a company acquires another company you would have some earnings dilution because of the cost of acquiring another company whole foods is a thirteen billion dollar company in this case amazon stock price went up and the most on wall street are talking about this being earnings or creative that earnings

instantaneously are improved because the cost of acquiring this thirteen billion dollars food retailer is zero in terms of its cost of funds cost of capital they have the money on the balance sheet but they could just as easily borrow thirteen billion dollars from wall street virtually no cost whatsoever this is part of what i. all the interest rate apartheid wall where if you're you can borrow money at zero or negative to make an acquisition like whole foods and immediately accrue earnings bumps but if you live if you're an employee at whole foods and you're a cashier and you go to. payday lender because you don't have any savings and you need a medical emergency you're going to pay three thousand percent annualized rates on that money that you need so it's three thousand percent for the cashier in an emergency zero percent for bezos that's the apartheid interest rate when the bantustans of america are growing prolifically you know they talk about thirty

million people in mexico on the verge of starvation in america you've got one hundred million or more now below the poverty line and i'm sure ten or twenty percent of that ten or twenty million are now on the verge of starvation so comparatively speaking to countries are competing with their a multi-million dollar verge of starvation costs so then the article goes on to apple the biggest of the tech company is the mammoth the biggest corporation in the world i think it was the first crossed a trillion or as close to a chilean dollars. just close to it but the article says that apple even as it invades american taxes enjoys a two hundred fifty billion dollar cash reserve that surpasses that of the united kingdom and canada combined their new five billion dollar headquarters in cupertino like those a firm such as facebook alphabet and sales force dot com reflect the kind of heady excess there earlier generations of moguls might have admired the peculiar nature

of the tech economy rewards even to failures like yahoo's marissa mayer who earned two hundred thirty nine million dollars almost a million dollars a week as she drove one of the net's earliest stars towards oblivion while the executive shuffling with the ball to hundred million dollars payouts to the goddess of others to succeed or not again usually executives their bonuses would be tied to a say success earning success but. the national weather service in spelling virginia has issued a special memory warning for chesapeake bay from pools island to sandy point maryland chesapeake bay from sandy point to north beach maryland eastern until five pm at three thirty four pm

a strong thunderstorm was located nine nautical miles northeast of key bridge moving east at twenty five knots hazard thirty four knots or greater source radar indicated impact voters and small craft could be thrown overboard by suddenly higher winds and waves capsizing their vessel locations and panic that include parsons island with the river eastern greenbury point miles river naval academy caring island beach sandy point state park seven rip point light chesapeake bay bridge thomas point light metal peak poplar island shadyside and angeles and he'll move to safe harbor immediately as gusty winds and high waves are expected. and this is one of the things that we need to worry about this is what's so worrying about a world where they're trying to push through the likes of t.p. or to tip or these trade deals which give them these companies that have more

reserves to nation states. another level of of of justice where only they have access to all this justice and a legal system of their own like we saw with the h.s.b.c. case of the failure to prosecute because they're protected under the bank of international settlements and the f.s.b. the financial stability board out of sorts so apple and google or alphabet and facebook they are actually answerable to the governance clauses and corporate governance documents that are according to treaties or bills like d.p.p. and others make them exempt from compliance to the u.s. constitution or the u.s. law so they're exempt from the law if they get in trouble they would deferred prosecution agreement they just preceded which means they get no prosecution so the

constitution is really no longer in force yes and then this article moves to. a study from competition policy international dot com and what it finds is that the tech boom of the one nine hundred eighty s. and one nine hundred ninety s. rode on a wave of entrepreneurial ism that provided enormous opportunities for millions of americans the current wave is characterized by stagnant productivity consolidation and disparities in wealth not seen since the mobile era as one recent paper demonstrates the super platforms of the so-called big five depress competition squeeze suppliers and drive down earnings much as the monopolist of the late nineteenth century did so this. is the environment of depressing wages you were there during the first dot com boom when there was a general sense of prosperity across all america and jobs being created and productivity was soaring now productivity we know is in decline and wages are being

depressed well you know the dot com era you had acquired many many many start ups and intellectual property patent laws for things like one click shopping to create a barrier to entry for competitors so gaming the system anyway all right we've got to go to the second half don't go away much more coming your way. through she's old enough to post he she should drop in should. i. do my. own you. can only go so you do. you. just.

have to leave the most that you can really. good barbecue or not that i. was i don't know that my. body itself was ok. but do you investigate police officers behavior as well. i'll take drugs and what. presence here. calling me people. welcome to the wonderful world of blood donation. coming. you know every three weeks to get my transfusion to be specific i receive immunoglobulin that my body gets and somebody is that i cannot produce that south around the world giving blood is seen as a symbol of generosity. because it helps people that's one of the side effects is

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national weather service in mount holly new jersey has issued a severe thunderstorm warning for berks county in eastern pennsylvania lehigh county in eastern pennsylvania southwest northampton county in eastern pennsylvania until four thirty pm three forty one pm a severe thunderstorm was located over fairview high ten miles northwest of reading moving east at forty miles per hour hazard sixty miles per hour wind gusts and nickel size hail source read indicate. impact expects damage to trees and power lines locations impacted include allentown redding bethlehem emmaus one missing northampton kutztown hamburg sleeping ten fleetwood sinking spring. four if that were as bill newman's town well not fort totten leave port and shoemakers hill for your protection move to an interior room

on the lowest floor of a building repeating a severe thunderstorm warning has been issued until four thirty pm for the following counties in pennsylvania. and northampton. renegotiating nafta or changing or retooling or whatever and so this is the question the major concern for the mexican economy trump states something that's patently false he calls mexico the second most dangerous country in the world second only to syria when you state something as absurdly over the top. das city and lying of this nature the u.s. media kind of falls into place and doesn't really question us there if. your thoughts were i mean in mexico and has been. droning and kaos of violence for the last twenty years today this is a dangerous country it's not the most or the second most dangerous country if i go

to chicago i will not be driving down the green for example that's pretty dangerous that we were in daylight so whether one neighborhood or one city or one country's a dangerous place to go i think it all depends on your perspective the reason there's so much danger in mexico obviously comes out of the jug cartels as one of the hot bed of of violence as the drug cartels are fed by american bankers and h.s.b.c. i just b.c. i funded terrorism in mexico for years ago sixty thousand dead mexicans because of h.s.b.c.'s money laundering talk about donald trump doesn't mention that exactly and the other thing is that you have an economy that is in a stagnant mode for the last three decades also this is an economy that doesn't generate jobs you doesn't have a pretty to study or have a decent job in the future so. and you have as you say we have the biggest drug market in the world next to our border i mean next door to us so this is the most important thing and you need to think it through account when you talk

about violence and drugs where is the market that will work the door that was eric eric holder hopefully you know former attorney general shipping fast and furious six it because it will you talk about corruption in mexico look at the network you know the marketing channel of drugs in the u.s. is laden with poor. they talked about the economy in mexico stagnating a lot of that to do with the fact that it's a vassal state of america and america doesn't want to doesn't want the competition so how can a mexico break out of the stagnation well the first thing we need to do is to recall a group control of economic problems we don't have as you say it's a vassal state i like to call it a protectorate but make it maybe even more accurate the fact is that we don't have control of macroeconomic policy we don't have control of industrial policy in fact we really need to own our project to industrialize the mexican economy when we got into a nafta formally this is essentially giving up all policy tools for industrialisation

so we need to recover that's when people say we should you know trump wants to renegotiate nafta is this an opportunity for mexico you have to understand nafta now after us objectives in the nature of nafta what is it it's not a tweet agreement nafta was meant to look in mexico in the new liberal policy package this is the main. objective so it will not be possible to get out of the neo liberal policy package because you need to renegotiate nafta to do that and that will not happen because this is this is something you have agreed with the united states so i can you call charles bluff and say we don't want to say that after as a matter of fact facts killed after all you want to negotiate kill it kill it you know that you're bloviating you know new york real estate developer just kill it absolutely well the thing is you need a new political landscape to do it here in mexico i mean with the present administration this government with these that the powers that be today in mexico that will not happen you need to be changed but you're right we need to say get out

of this mode of thinking and see how can we tweak and change the little details in there after that to get a better deal this is this is not going to happen this is you will not get a better deal there rearranging deck chairs on the titanic that's right exactly it will play in the film. that'll applying that band the band played on in the band plane and the waves swallow them well the thing is that you can do some minor adjustments that that's not going to change thing is nafta not only locked in mexico in a neo liberal mode i think it subordinated the mexican economy to the american business cycle to the value chain of multinational corporations operating in the us and mexico became again once again a primary economy reply memorize the mexican economy so became we export raw materials oil agricultural products and cheap labor through the michael adored our

industries to the offshore companies that operate here makes you including the automobile industry which many people think this is really a way to industrialisation no it's not those industries are disconnected from the rest of the economy so they may grow the economy will not grow with them and this is clearly i mean if you look at the numbers you see years when you have. spectacular expansion of trait but the mexican up economy is in recession or or is stagnant well those guys are still a little older business come back because i sure because well this is because. they are not the value added is not in mexico right the panama paper shell there is that multi-trillion dollar after our cartel and mexico is getting. stabbed with this but even but even if you have plants i mean you have forward and you know american companies established in mexico yes but what are you really exporting curst no you are exporting cheap labor you are assembling bytes that are to come in shipped to

mexico assemble them and re exported to the us there is no flow of currencies there by the way so this is why you know this these industries are disconnected from the . matrix of industrial relations of mexico so you don't grow this way you will never grow this way so yes my. view is let's get rid of matter it's not a question of renegotiating we need to get rid of nafta to recover our own autonomy reserve economic policy so the other day other country and involved in nafta is canada of course are you guys mexico target or canada not really not in not a nice there as well i mean you know nafta is not. ganged up on the united states to get yeah that's right the sandwich rather sandwich we have out there are sure absolutely i would love to do that and that would be great the problem is i mean the powers that be in canada and the pros will be in mexico are not willing to get rid of nafta and they're not willing to renegotiate nafta in a really. meaningful way because as i say we have minor adjustments here and there

isn't a problem this is nafta generates a surplus for mexico so we have a trade surplus with mexico as this when trump says nafta has hurt the united states he can point out to our deficit with mexico a bilateral trade deficit with mexico but nafta is not benefiting mexico because we're not growing. and we. we don't have less inequality because of nafta on the contrary we have greater inequality today and we don't have a surplus with the rest of the world so our trade policy did not allow mexico to generate a surplus on our trade balance we have a chronic deficit in spite of the fact that we have this surplus with the united states and by the way the surplus has gotten smaller because you have a drop in oil prices and then michael of the industries as they say operate on the

basis of the u.s. business cycle so when they have a recession and they have a problem well we have also brought the same problem with our exports so the only reason we don't we don't have a bigger trade deficit really is because the mexican economy is not growing because once it starts to grow the deficit starts to grow with it to the same time so he'll struct. judgments in the mexican economy that need to be addressed and without doing that this economy will continue stagnant the violence will continue unemployment in the quality and environmental deterioration will continue you know stampedes you know the vilification of mexico by the administration and some of the mainstream media it sets up a difficulty for the very poor in america to communicate with the very poor in mexico you know mexico's got roughly thirty million that folks that are on the verge of starvation in america get one hundred million or more after below the poverty line and probably twenty or thirty million of those are still on the verge of starving to death and so that's fifty to sixty million mexicans and americans

that can get together and form some kind of strategic bloc they are voters in both countries they haven't just short of killing them or putting a bullet in their head which is what other off their tearing regimes other than the american author attorney regime or the mexican authorities and regime have done to anyone you know posing a threat to their off their tarion is a big deal but that's what i want out there were multiple in mexico and the ultraportable erica get together over a nice ball of chicken molé and a hot dog and you know come together well it would have been nice if the democratic party had understood something of what do saying and say let's let's incorporate that in our agenda and in our campaign but the fact is that. i think the political elite in the united states has chosen to. scapegoat mexican migrants not only mexico i mean central american mexican migrants the black population and even the muslims so when you have this liberal look forward even if

they say as we got is becoming today a third world country that's the wave court of the recent study they're in the second world they're not longer the first world. standard of living standards education standards the u.s. is now litter opt out of the top ten there in the second world look at the gini coefficient the level of inequality and this is a look at the rich. structure ok so. one way to address threat by elites is to scapegoat migrants and even other economic powers in the world that they've stolen our jobs and all this rubbish but it's instead of addressing this i think the democratic party chose to what what was the choice they have can we do we win with centers that we lose with with hillary they chose to lose with hillary i just think that there's this remarkably strong political block between the two countries that is somehow not getting together and they not just social media and not to belabor this point too much but through

alternative financial systems like crypto and bitcoin they have the ability to secede from both the american and the mexican economy create their own economy and begin to desert financial power using alternative currencies in this way there to convict if you look at that yeah well not to that particular part of me then certainly not from the perspective of political organizations n.g.o.s in mexico in the u.s. . what i've been thinking about is that this crisis is so deep this is not a financial crisis it's an economic a macro economic crisis of global capitalism that can hold us but you know it will dip another segment with you if you can stay right but it was actually on the show that corruption great ok well that's going to do it for this edition of the kaiser report with may max kaiser and stacy herbert like to thank our guest alexander and the del rey just on twitter it's kaiser report until i saw.

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that. thousands of protesting in london to denounce the u.k.'s coalition government and prime minister. step down and cry all day. is why i think this week's time in the seventy eight. seat is becoming increasingly more of a chance to be seen to be. pushed to the limits by the refugee crisis with thousands of pro and anti michael and activists protesting across the country. surely it's going to be germany. who will win the twenty seven think confederations cup joins in a few minutes if we continue the intellectual.