briefcase a couple times that we had some pretty aggressive people. in for what what what is the future of this whole market do you see it is it totally reliant on the luxury goods market in other words if the luxury of the scene during twenty twenty two thousand recession for example how did that impact your business although you came in a little later the genesis of this is two thousand and twelve i was up to my eyeballs in the luxury whose business in two thousand and eight i have a lot of comments around the ok dancer question about this point going forward i think the real future for luxury isn't so much as the fashion consumer i think still we and someone like a philips auctions who's done dynamite with the collectible watches they just got paul newman rolex for it seventeen million i don't want to say we're recession proof but i would suggest that our customer and the watch auction customer is almost impervious to this and what these people are spending big for now we set the world record for three hundred thousand dollars back last year in the wall street journal broken with these super want to willing to do and excited to do is get

something that nobody else has it's not so much a symbol of getting this bag carrying it isn't so much a symbol of hey i'm wealthy i could do this i have a competency i know how to get it right and they hold their value pretty well super well so then an idea like on an annualized basis what the appreciations banned any numbers on there is if you went in googled. birken is an investment fund thousands of articles on how it's al pace the s. and p. in the last thirty years outpace gold outpaced oil. it's all true the bag right there is a used bag also that white one and that was probably a five thousand dollar back when it was made in two thousand and three and we're going to sell it for around nineteen so take that for discount people find a way to do it's own instagram muscling the interface starts off instagram but he has a whole community like these car geeks were talking about this whole community of blogs and forums where women are going on twenty four seven all over the world can you trust this reseller have you had experience with this reseller fair enough jeff

thanks for being on the show thank you also i'm going to do it for this edition of the kaiser report with me max kaiser and stacy herbert like to thank our guest jeff burke he's the man with the bags if you want to reach us on twitter it's guys report all next time. all see we have a great team but we need to strengthen before the free world cold. to keep it so i took it back. to them a qualified for the european championships at the very last moment no one believed in us but we won and i'm hoping to bring some of the waving spirit to the. recently i've had a lot of practice so i can guarantee you that peter schmeichel will be on the best

since my last will call. in the. dr. left left left more or less ok stuff that's really good. all. snow were good i'm. stupid to even.

youse know. east oklahoma sunia into piqua and the so the poor old college koso. this is boom bust broadcasting around the world from washington d.c. i'm bart chilton filling in for those who celebrated christmas we hope you had a great day from everybody here at boom bust and on this day december twenty sixth in eight hundred sixty five the inventor of the great patent in the u.s. the first coffee percolator james mason franklin massachusetts invented it and he was one of the original mr coffee's i guess all humans are believed to have

discovered the joy of a cup of coffee in ethiopia and the arabian peninsula the earliest known coffee making devices are believed to have been created in ancient by ancient arab traders of course technical and commercial innovations over time with help spread coffee's popularity cultivation and stimulated literally the growth of many fortunes based on the marketing of your daily cup of joe just this month the largest starbucks in the world opened in shanghai china the flagship store in seattle is only about half the size of the new store in shanghai is thirty thousand square foot location first starbucks whose growth for the third quarter was only two percent down from four percent a year ago china has been a big bright scut spot it's a gargantuan growth area more than three thousand stores already in china and they're opening a new location every fifteen hours every fifteen hours starbucks says their goal is

for ten thousand locations in ten years and by comparison the company operates about eight thousand plus locations in the united states now. what's next for two thousand and eighteen starbucks plans to open a new roast yury location and first ever starbucks in italy in milan and for twenty nineteen they have plans for a site in tokyo and troubled times coffee and our typical global commodity continues to bring our world together. record record livestock production the united states is making food more affordable for all of us but what is the impact on agriculturally dependent states and is there a way for us to use our vast resources more efficiently maybe effectively maybe even on foreign policy we'll get some of the facts that will harvest from the

author of bet the farm how food stop being food fred kaufman joins us from new york fred thank you for being with us the department of agriculture released a recent report which documents that the cost of food for families is about seventy one hundred dollars per year that's only up just a little bit over last year and that has really impacted iowa and south dakota where in the second quarter of the year the g.d.p. the gross domestic product would actually negative but as important there are twenty three other states so you combine that all of all of those that's half the states of the nations are being impacted negatively by these food prices because of the commodities that they grow obviously and many people don't realize how many states of the unions have a role in producing this mood that makes us really the most plentiful nation in the world with regard to food at the lowest cost but what does that mean for these rural communities fred. well that's it it's a real hit part because one of the things is that we're looking at that that

grocery bill and we're looking at bread xin crackers for instance which are coming from the grain from those from those states really when you're buying a ritz cracker most of that cost in the grocery stores for the packaging is for all sorts of other subsidiary costs of the grain itself grain is tanking it a much more drastic way and this is going to spell tree auction really there's got to be some intervention here right and you know it's tanking you're absolutely correct and you know this stuff cold but we did see this huge spike back you know two thousand and ten eleven where all commodities were run a tear and one of the things you know people don't actually understand these cost of production are actually tied to the commodity be it corn wheat beings or. live cattle so we produce all those food fred but how much of the prices actually

get back to rural communities at the same time the question just real quick at the same time fred we've got hunger and malnutrition all around the world how do we deal with this problem we've got eight hundred fifteen million people around the world who are hungry we have all this excess wheat in this country so much access that the price is going down in terms of the spike you have to realize that even during those years one of the reasons for that spike was the unbelievable influx of wall street money which has just been sucked out of the commodity sector because this overheated stock market so this is actually a really old problem this is not something new since the beginning of civilization farmers have come to market all the same time with an oversupply of their grains and the prices have tanked and there's a really old and simple solution to this from mesopotamia to egypt to ancient church. up until the present day this is the moment for government intervention

either to go in there and set price floors to. buy the grain and put it in a grain reserve and what will happen is you will stabilize that price you will bring it up food is too important to be messing around and driving farmers out of business now some might ask well what does the government need to do with their grain in fact every country on earth except the united states has a national grain reserve to guarantee food sovereignty why doesn't the united states have this it's absolutely absurd so once we have that grain what can we do with it well there are a number of things we can do with it either put it in that grain reserve or do the traditional thing we've done with foreign relations and use a plow shares in swords diplomacy and start getting that food out to the world where it's needed most which also happens to be places where we need to get some political clout places where terrorism has been breeding in eastern africa and places like that where the united states can really come in and do the savior.

fantastica but do you think this is ministrations able to comprehend and get on that task fred that foreign policy component of commodities this administration is particularly unable to understand any of these subtleties they've been events aerating the diplomatic corps they have no sense of the of the pushes and poles of how foreign diplomacy works and they also don't understand foreign trade i mean they're putting up all these tariffs and barriers and what's that what's that doing it's making the e.u. and france in particular putting up their own tariffs and barriers to protect their own farmers so they're not put in the position of well really the farmers let's say in a country like india who are losing so much money that farmer suicides are are very common people are drinking the pesticides which were meant for their crops it's a global shame. fred thank you so much you know i've heard there's vacancies at the state department middle try to smuggle you in fred kaufman author of bet the farm

how food stop being food our gratitude for your time. the u.s. homeless population is on the rise for the first time since the great recession new york city's homeless population rose four percent in two thousand and seventeen and several cities in the west including seattle portland san diego and sacramento all reported surges and people living on the streets r t a correspondent natasha sweet has more on that. it's arguably one of the worst one main disasters in any first world country even though millions are being spent to combat the issue of whole business in the u.s. those in the middle of the crisis the same the numbers are only well we. we've never seen anything like this driving through the streets of los angeles it's

hard to know what the country's worst homeless population it's you know it's like a female like red cross disaster and it needs to be treated as such and the bills c.e.o. of the union rescue mission has been working with those without a home for nearly thirty years bill says right now it's the worst he's ever seen we have more families who have come to us than even during the worst part of the great recession bell says it's the parts to the drastic thirty percent increase in rents that's pushing homelessness past the tipping points for sean really it all changed when really got out the restaurant he was working out was closing down i wasn't saving any money couldn't afford any around. family really. good one the order too much for your permission three roughly three years of value on this one. really you should never be ready for people that don't sound like everywhere on the sidewalk

the means to be right here under a bridge we are one hundred eighty four toilet shy of a un refugee camp in syria with only nine working toilets among more than twenty five hundred people on the infamous skid row sanitation is a huge concern well the city of l.a. alone has spent four point two million dollars to put in a handful of bathrooms it's simply not enough came in contact with feces on the on the sidewalk and i contracted flesh eating a coal ice trap and staff bails eventually had his right leg amputated last year just from walking on the streets this love the city of los angeles to declare a state of emergency but it still hasn't stopped other viruses like hepatitis to plague the homeless population drug addiction is also among the main culprits as to why some don't get off the streets the bad part is i got here a prolific from april through october and the program i was showing

a low it was one of the lucky ones his relapse last seen at the union rescue mission let him to get the help he needed now he's been clean for a year working as an apprentice at the shelter i would hope that we do it just because of our hearts we will not allow somebody to be devastated by homelessness but if it's if it takes a lot then then we need to pass a law bill says with more than one thousand sex offenders on skid row alone and you know how women and children sleeping on air mattresses in their chapel only a band-aid for now the bills hopes the country will wake up and fix this it growing epidemic in los angeles and sweets r.t. .