this is that there is a huge amount of shopping here and a lot of i mean it's way more than last year for example it seems like more boom time right now and consumers spending more perhaps money that they don't have but nevertheless they are out here spending well it's all a function of the stock market you know the stock market's up by trillions of dollars and a lot of there are millions and millions of millionaires in america and around the world of course a lot of tourists are here and tourists from other countries were millionaires have been making millions and millions of dollars trillions of dollars based on the boom in stocks and bonds and they come here and they spend it because this is a great place to spend your money but the millionaire class in the billionaire class has been exploding to the upside and they've got a lot of dosh even there we were saying at this hotel near bryant park and just an ordinary hotel with an ordinary room it was a $1000.00 a night on a saturday night so it was that full manhattan is that full right now so there has

been kind of a reset that has happened since the financial crisis of 2008 to 20091 of the things we covered at that time extensively was the greek financial crisis because here we saw the troika enter and impose mass austerity measures and they still by the way have austerity measures out until the i can see that they have to run a primary surplus for example of 3 percent of g.d.p. which is on heard of in almost all nations they're maintaining that at the moment but here's a story that is remarkable in light of the fact that consumers are shopping like crazy racking up debt like crazy like they actually have jobs that are paying them great incomes here's the same post financial crash from greece one of the most ridiculous charts and financial history greece got paid by investors for issuing debt they sold 3 month debt at record low minus. 0.02

percent and here's your chart of the 3 month yields on greek debt it's now negative max all right well loans kind of imply that somewhere in the mix is collateral right so people are putting up collateral to get a loan so in the country of greece the collateral that is the greek economy is being used to put up against these short term debt instruments and they're getting negative rates which implies that whoever is making those loans hasn't really looked at the litany of the collateral which makes sense because no where in the world today are economists or policymakers or or bankers really taking into consideration the value of the collateral the collateral value doesn't make any sense the only thing that has any value is the ability for banks to publish numbers that are then sanctified by their respective governments that suggest that they are

liquid that they are solvent when we know that in fact they're not solvent so the greek economy is insolvent but you can still use it as collateral against these short term debt markets because the pope of finance gives it their blessing and they say that it's good collateral so the basic function of economics is no longer at play here because you no longer need to prove the value of your collateral in any kind of a loan situation so you have loans on loans on loans the fancy word on it is hypothecation and re hypothecation of course in europe still centered in london they have the notion of infinite rehab propagation you can lend out the same non liquid security an infinite number of times to get garner an infinite number of fees in cash flow and so that would include greece and it doesn't matter if it's centrally or walking. dead economy you can still use it in for

a collateral situation where there's no accountability and you have the complicity of a global cartel of extraordinarily corrupt central bankers well the thing is that most people will look at that and say yeah everything's fixed it's all great again we could all just relax right the economy is recovered all the structural problems within our global economy are fixed the structural problems within the euro zone are fixed the fact that germany has an undervalued currency for their economy and greece has an overvalued currency for their economy it's all fixed because look it's negative rates but this is exactly what we've been talking about here in kaiser report in terms of moral hazard so here we have whoever these investors are at this point i'm sure is probably the e.c.b. who's throwing money at this thing will lose money but the fact is we've we have the same situation with argentina remember we covered that 100 year bonds which were oversubscribed only a year ago and now obviously they're bankrupt again and their currency is class by

over 50 percent here with greece is this is a sign of disorder and chaos in our global financial system that it's corrupted to the point where again we are unable to price risk we are able to price anything nobody knows the value of anything nobody knows the duration of anything there is mismatch and all of that sort of stuff and that's why people are out shopping as if there are no tomorrow or maybe there isn't a magic alphabet with various letters and and vowels and let's say they alphabet starts to transmogrify before your very eyes and instead of having a bunch of different letters and bowels let's say the letter a starts multiplying and pretty soon most of the letters are the same letter the letter and then every single. here in the south that is the letter that everything

written in that alphabet would be completely unintelligible now imagine the economics you have interest rates that are different for short term medium term long term you have very securities that are structured in a way that make reference to those interest rates and you have investors who are looking for a risk reward based on the risk list rate of return which is a short term treasury market and the whole thing is built on having all different kinds of varieties of maturities and all different kinds of securities and the ability to try to sort your way through that to create the language of finance well now we have a situation where one letter in that our financial alphabet 0 percent interest rate has taken over to become the only letter in the alphabet of financial finance everything is now written in the key of 0 percent interest rate or the letter of 0 percent interest rate and so nothing has any value anymore so if you say that you're going to give a negative interest rate to greece you could say that you could equally say that

every olive in greece we're going to claim according to goldman sachs or whoever is worth the same as a as a brick of gold you could make that statement and you could blend against it there's no one to stop you from making that obviously fraudulent statement there's no one stopping anyone from bankers making the obvious lead fraudulent statement that you can have a negative rate increase because there is no variety in any of the characters that make up global finance any more everything is that 00 is is predominant every single conversation that comes out of the mouth of every financial writer in the press and on television is a 0 every security is now based on 0 and the entire mix of this phantasmagoria of global finance is is all blending together into one huge void of worthless. crud essentially that has no value cried is

a good point to spin into my next headline with crude oil because. what we're also seeing is here we have a polish bureau a command and control of the value of money the price of money which no longer time no longer has value with this money in order to bail out certain sectors of the economy certain bondholders certain economy certain banks. the command and control situation in that emanated from venezuela is kind of in this story about haiti because haiti is back in the news and you know this is in our hemisphere over here in the u.s. just off the u.s. you know florida coast out there in haiti we have yet more disaster and it reminds me of course of 20082009 number all those protests in 2010 and 11 as inflation reared up and the price of food staples and things like that roared ahead and oil

prices and stuff like that so we saw unrest in various economies all over the world and right now we're seeing the same thing by haiti is really having a lot of on arrest here explainer what's behind haiti's deadly protests and possible outcomes opposition leaders and their supporters in the nation of 11000000 are calling for the resignation of president jovan l. moyse $51.00 amid anger over fuel and food shortages a steep currency devaluation and corruption allegations this is the longest stretch of demonstrations against noise since they broke out last year at least 17 people have been killed and $189.00 injured according to haiti's national network for the defense of human rights and where crude plays into this is so they've raised the price of fuel and why that has happened is that haitians are angry at fuel shortages since the collapse of the petro caribe program under which venezuela for a decade offered aid and cheap financing to several caribbean nations to buy its

gasoline diesel and other products the cash strapped country has. struggle to import and off market prices gas stations are regularly out of fuel for days at a time and blackouts increasingly common the shortages plus government attempts to reduce fuel subsidies have caused prices to soar exacerbating an already dire situation half the population lives on less than 2.4 dollars a day they have market failure in crude you know that's been true for a number of decades now for 2 reasons number one the financing of that industry is been done with ever cheaper money due to the trend that we just talked about the manipulation of rates toward 0 so therefore the crude oil has failed and 2nd of all there is no cost for the extra analyses of the industry the environmental catastrophes that should be borne by the executives of the energy companies not

just allow the planet to become ecologically failed so those 2 things have contributed on the periphery to a country like haiti then again taking them during the catastrophe from venezuela which is the part of them closer to the catastrophe that is the saudi arabia and the us of the petro dollar that goes back to the seventy's in the seventy's a petro dollar which introduced the idea that there would be a false artificial market for saudi's oil products based in the false artificial market of u.s. dollars and after 30 years 50 years of this it's created a situation of a failed dollar market in a failed crude market which failed venezuela and is now failing haiti but you know in the us you have price discovery based on true supply and demand and you won't have a functioning economy you can have only a failed to manage control economy when they ought never work and either so as long as everyone gathered around the campfire of 0 trying to warm their hands on fake

fire which never seems to work because it doesn't exist that nothing is ever good it's only gonna get worse. and the situation is a similar to greece similar to argentina similar to all these ever nonstop disasters is that the petro curry program included a fund for infrastructure and social projects in member countries opposition politicians say no serious projects were ever completed so there are allegations in a report by the superior court of auditors of the embezzlement of billions of dollars that were meant to be for infrastructure span of course haiti had that massive earthquake a few years ago that killed $300000.00 people and they're still trying to recover from that so you know we know the u.s. role in plundering the billions of dollars that were meant for economic recovery after that earthquake so there are certain economies that just are don't have the institutions or the my or the power to stand up to the plunderers right and geopolitics for decades i've been totally dominated by the energy sector and the

energy sector because it's so reliant on capital is reliant on the corrupt banking sector anyway i'm going to take a break when we come back we're going to continue so don't go away. their own no official statistics in india concerning children who have been long still separated from their parents something to estimate that every 30 minutes in the country a child goes missing. or you only. get. the national team and rights commission stated that $44.00 miners go missing every

year one of the police quoted in. the united nations children's fund has described . situation as genocide and various sources suggested in india there are several 1000000 missing women and children. is this is a stick from the old water bottle phone in the stomach of a fish the brand is part of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad ones there the litter bugs are throwing this away industry should be blamed for all this waste the company has long promised to reuse the plastic.

that's. their plastic. stay on your own and that special projects funded me. on the i'm your best. fun now the mountains of moist only grow higher. welcome back to the report special edition max of the stay safe part. what well we ended the 1st half on talking about haiti and what's going on in haiti because there are many protests and the news doesn't cover that of course because there are other more i mean you only have so much time on the cable news to cover it and you want to talk about your geo political enemies and stuff like that and in haiti there have been billions of dollars have gone missing and i want to compare that to what we have the situation in america because we have this farce on the

cable news of everybody pointing their fingers at each other it's kind of like you know quentin tarantino film they're all pointing fingers at each other of who's the most corrupt but they're all corrupt i mean they're all working. in a corrupt situation all the children of the sons and daughters of politicians the nieces and nephews of politicians and in haiti there was a quote from economist emil who said that the days of lockdown have paralyzed the economic activity and made it worse but at the end the main concern is that the government is not able to give an appropriate response the country is out of control so i want to follow up on this the absence of an appropriate response like we see that here in the united sates we see the democratic party has no appropriate response to the humiliation the utter utter and deep you really ation that hillary suffered at the hands of donald trump and 2016 they have no appropriate response

they can't look at their own economic policies and look at themselves and say what did we do wrong what was like what were their perceptions of corruption with my own family and my own fund and were we any less or more corrupt than trump and all of his sleazy stuff absence of an appropriate response this is what they say in haiti and this is the problem in the u.s. they say it was the u.s. like haiti and then you read a piece like we just read from rolling stone who is suggesting that in fact the u.s. is undergoing a position or a transition right now where they're not going to wait for the next election and so when a coup is a permanent coup and so we see this in countries that are in permanent chaos and haiti would qualify as a country of this type so the u.s. is now entering into a permanent chaos permanent coup and no appropriate response could be given to the

democrats democrats don't seem to understand that there is a ballot box that happens every 4 years and that's the way it's set up and unless you want to change the constitution you know there's nothing else you can do so they just they've opted for what you see. the end countries like haiti are better as well or myriad other countries we can mention panama or you know there's dozens of them usually protectorates of the us you know they undergo coups right so the us is now in permanent coup and this is the kind of language or people are using to describe the us we covered that a few months ago talking about the yellow vests movement in france there was a philosopher and author who wrote about the fact that the elite whether in paris or london or los angeles or hong kong they're in a bubble where they they are on able to come up with appropriate responses to the needs of the people because they themselves are so divorced from not only their

economy and politics but they they're close to the printing press they're getting the free money their house prices are going up and they don't know how to respond they are like marie antoinette they don't know what these people want and the only solution they have a scythe throw them conspiracy theories you know brioche well what's quite unnerving and subversive is that the worst things get the cheaper money gets you know the solution to all problems is cheaper money and used to be 50 years ago 100 years ago there were other institutions in the in america there was the church there was the educational system there or there was similarly if there were communities there were civil actions in bankers were just one of many institutions that were part of the community but sense the rise of monetization and the rise of neo liberalism under reagan and thatcher in that period we have only one solution to every single problem and that is to print more money and that of course means exactly what we're talking about here is that the worse it gets those who are

caught the arsonists are getting paid more and more to be arsonists the more rapid these liberal elites in america burn the constitution the ground the more money they make. and the worse it gets at the bottom that's really important to this next article and it's from huffington post the glass floor is keeping america's richest idiots at the top elites are finding more ways to ensure that their children never run out of chances to fail they talked to richard reeves a brookings institution researcher and author of dream hoarders how the american upper middle class is leaving everyone else in the dust why that is a problem and what to do about it and a lot of it is because it's it's getting more panics because it is way more horrible in the bottom 95 percent now than it was back in 1970 and especially since we've gone off the gold centers since neoliberalism since since

all our jobs were outsourced there are fewer and fewer well paying jobs and therefore it's you have to fight tooth and nail no matter how dirty to make sure your children never go down the economic ladder so there is a viciousness coming into it these researchers and economists looking at all the data show it's actually becoming we hard or even during the eighty's during reagan that it was something like 90 percent of children earned more than their parents did could be expected to earn more now by 2000 it was like $5050.00 chance so it's continues to decline but it's like the raj system. the british empire used to rule india so the elites of the ivy league and the bankers on wall street are put in place by the potentates of the central banks and their only job is to commit arson against all institutions except the central banks so that they can be flooded with

the quantitative easing money that they then are able to pass down to their children if you're not on board you go through the trap door you know the glass floor has a trap door you go through that trap door and you end up as an untouchable or as hillary. clinton it's a deplorable demise of that system is inherent to it because you do have the least qualified ruling you do have the least qualified running businesses there the shocking number of c.e.o.'s that are actually appointed because they're friends of a friend the likes of of chelsea clinton who were paid $600000.00 a year to work at m. and b. c. hunter biden who is paid $1500000000.00 by the chinese to run a fund and lord knows how much by the ukrainians to run on natural gas same with children they are handed money his is more typical because they're working for the trump organization and it's something like 90 percent of the top one percent the

children of the the top not one percent work for the family firm so there's a sort of rotten thing that's happened throughout history you've seen it through reading the history books of what happened to the french empire the british empire and it's just a raw festering of the dumbest people in society the least able who begin to run it but there is of course nothing special about human beings showing favoritism to their friends and relatives but according to joseph fishkin a university of texas at austin professor and author of bottlenecks a new theory of equal opportunity the rise of inequality has created a vicious cycle the harder life gets for people at the bottom of the income distribution the more desperate elites become to preserve their status for their children quote the greater the inequality the greater the impact on opportunity he said there's a self fulfilling class anxiety among the middle and upper middle class because they sense that spaces are scarce now there are fewer secure jobs in the scarcer they are the more valuable they are now as you point out this is human nature and

in america there was all was the renegade an entrepreneur who would buck the system take some risk create huge multi-billion dollar industry as you know the medicines or the. world the steve jobs of the world you know entrepreneurs chuck yeager breaking the sound barrier men landing on the moon so americans would go against the grain in this respect and toll in my view 911911 was the event that destroyed the american character and introduced this reality where the rich said i am going to not going to play anymore game time is over america is finished and they went to this protectionist system of just keeping it all in the family and that is that now 20 years later we see the results and it's only going to get worse $911.00 also happened to just come after the quantities futures modernization act and the glass steagall so it was kind of the beginning of the end

that we've had total plunder since it's kind of almost them handing off as well right after $911.00 of course china entered the world trade organization so there are a whole bunch of factors that came in at the same time but in this article they point out that again the least qualified are kept from failing so there they maintain positions of power and hog capital more and more scarce real capital that does not circulate into they economy now because it's being hogged by people who don't know how it is saying that there was a time when americans were much more splashing the capital about because they were kind of having fun with it all let's create a new industry let's create hollywood let's get a let's build stadiums let's create a sport you know they were the that has gone there is also the question of diversity of social mobility continues to fall america's ruling class will become increasingly insular considering almost exclusively the perspectives of wealthy heiress and elite college graduates already 90 percent of families that earn over

100 $18000.00 per year are white of the $102.00 new senators and representatives elected and 2018 more than half attended the most selective colleges in the country 8 of the 9 supreme court justices graduated. just to law schools right well you know the u.s. was a breakaway from the british empire british angolan from england you know the amp the monarchy in 1914 right they brought in the federal reserve bank that was the beginning really of the reminder card ization if that's even a word of the american system now in 2020 almost i think we're just completely back to having interest aristocracy run the country and what we used to equate to america and alger bootstrapping kind of rise to the top in social mobility era which lasted 550 years or so is finished ok we're going to do it for this edition of the cars report on skies or stacy herbert thanks for watching if you want to catch on twitter its cars are reported to like signed by a. there

are no official statistics in india concerning children who have been lost or separated from their parents some are to estimate that every minutes in the country the child goes missing. i don't know. where you finally got. the national human rights commission stated that $44000.00 minors go missing every year while the police quoted. the united nations children's fund has described the situation as genocide and various sources suggested in india there are several

1000000 missing women and children. joining me every thursday on the alex salmond show and i'll be speaking to us from the world of politics small business i'm show business i'll see you then. facebook and google started with a great idea and great ideals unfortunately it was also a very dark so. they are constructing a profile of you and that profile is real it's detailed and it never goes away turns out that google is manipulating your opinions from the very 1st character that you type into the search bar it will always favor one dog food over another one comparative shopping service over another and one candidate over another they

can suppress certain types of results diced on what they think you should be see if they have this kind of power then democracy is an illusion the free and fair election doesn't exist. the more road we give them the sooner we're all. you know world a big part of the lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the troops the time is now for watching closely watching the hawks.

also loan a surface another night of unrest is probably independence demonstrates his target policeman fallen so low others do their best to show they are peaceful and hand that flowers into office and. also to come north macedonia has called the elections after its heights and joining the european union with dash despite meeting the requirements and the british chariots and demand the u.k. takes back all children of terrorists and left in the middle east and not just those that have been orphaned guests the mission. some of them will be very dangerous this is bringing back problems.