everybody and when you talk about the greedy hand the invisible hand of course adam smith and the wealth of nations he wrote a corollary book to this about the moral sentiments of capitalism or he talked about the need for regulation right to balance the greed of capitalism but no one reads that blog now that was an inconvenience this is an inconvenient truth they're like religious theocratic fanatics who only read part of the text and base all their actions on what they believe to be the meaning of the text but forget the entirety of the text yeah it's half truths that's all we want and that's the story of our age this tribalism we've got going on everyone wants a simple narrative and the invisible hand is such a wonderful simple narrative if you wrote another book that complicates it just forget about them right we don't have to worry about them speaking a philosophy if you've read much of john locke sure but isn't he the. and he said that when the social contract this broken the people must revolt in fact the people aren't really revolting at that point because the contract was was broken by the

nation in the history of the world. we should not have a grotesque level of wealth inequality in which 3 billion -- million now more wealth than the bottom half of the country. a nation and wish life expectancy is in decline -- in which life expectancy is in decline. tens ofmy where millions earned starvation wages and half of older workers have

nation in the history of the world. we should not have a grotesque level of wealth inequality in which 3 billion -- million now more wealth than the bottom half of the country. a nation and wish life expectancy is in decline -- in which life expectancy is in decline. tens ofmy where millions earned starvation wages and half of older workers have no savings as they face retirement. we should not have the highest rate of childhood poverty of and a any major country dysfunctional child care system which is unfair to working parents and their children. we should not have progressive tax system in which large, profitable corporations like in taxes. nothing interestsul special in this country have unbelievable power and they want to maintain the status quo. they have unlimited amounts of money to spend on campaigns and lobbying and huge influence over the media and political parties. the only way we will win the selection and create a government and economy that arks for all is with grassroots movement, the likes of which has never been seen in american history. they may have the money and the power. we have the people. need on

representative and is written a new book which i just happen to have a copy of here today, the wealth of the nation. more than 600 pages on this topic. man who is about as close as anybody is to the powers that be in the house, and now he looks at the east from that is usually different perspective to he is just become the honorary co-chair of past usmca. please welcome former new york congressman joe crowley. take it away. [applause] >> good morning, everyone. thanks for joining us. i'm excited to have two former house democrats here to talk about all the things we want to know about where it's you and ca -- usmca might be headed. before candidate i wanted to turn to congressman johnson and talk more about the earlier iteration of this nafta and you voted on nafta in 1983. -- in 1993. can you walk us through that vote was for you? was a tough, easy? where were democrats back in? >> thank you. i was a democratic member from georgia, and so my approach to it was all different from some other democrats from across the nation, and i guess i was part of a dying breed. i was sort of like the sea turtle

because of their meats oil resources minerals and other great wealth critics are pushing and to national coalition heated by the united states so that they can commit an act of insanity and militarily attack venezuela under the false excuse of a humanitarian crisis that does not exist. we will go to the white house bring in more than eighteen million signatures calling for pinas wyler to be respected demanding peace fourteen is why law turkey is accusing saudi arabia of not being transparent when it comes to the investigation of them the murder of the journalist mona shoghi ankara says that its findings are in line with the un human rights and boy investigating the case special reports colum od says that death was a brutal premeditated killing planned and perpetrated by saudi officials she's been on a week long mission to examine the evidence in all this comes as a report in the new york times says that the saudi crown prince threatened to go off to jamal khashoggi in twenty seventeen according to reports mom had been silent told an aide that he would use a bullet against the journalist

because of their meats oil resources minerals and other great wealth critics are pushing and to national

nation in the history of the world. we should not have a grotesque level of wealth inequality in which three billionaires now own more wealth than the bottom half of the country. we should not have 30 million americans without any health insurance, even more who are underinsured, and a nation in which life expectancy is actually in decline. we should not have an economy in earn tens of millions starvation wages and half of older workers have no savings as they face retirement. we should not have the highest rate of childhood poverty of almost any major country and a dysfunctional child care system which is unfair to working parents and their children. we should not have a regressive tax system in which large, liketable corporations amazon pay nothing in federal income taxes. make no mistake about it, the powerful special interests in this country have unbelievable power, and they want to maintain the status quo. they have unlimited amounts of money to spend on campaigns and lobbying, and have huge influence over the media and political parties. the only way we will win the election and create a government and economy that w

our national security, the soundness of our dollar, the wealth we create for generations of americans talks now going on between the united states and china in washington. and none of it frankly looks good for the good guys. from the talks come word that there are principled agreements as they are called, principled agreements between the two delegations. no word on what has been agreed to in principle or otherwise. there are also memoranda of understanding, six of those, and it hardly matters

of your day. follow me on twitter and instagram. @kennedy nation on facebook. email on fox business.com. stay right here. our national security, the soundness of our dollar, the wealth of our nation, all at risk in the high level trade talks now going on between the united states and china in washington. and none of it frankly looks good for the good guys. from the talks come word that there are principled agreements as they are called, principled agreements between the two delegations. no word on what has been agreed to in principle or otherwise. there are also memoranda of understanding, six of those, and it hardly matters what they coai

. >> i've seen estimates that suggest more than half of russia's national wealth is outside of russia. that money is not just sitting somewhere. it's doing things. it is making people rich. it's making real estate developers rich. it's making lawyers and law firms rich in no country right now coming as right now, yes you mentioned europe, but no country right now -- no significant country in has more lax rules when it comes to exposing and cracking down on the flow of that kind of illicit wealth of the united states of america. european countries have done in recent years better than we have been cracking down on these illicit flows -- these flows. the u.k. and the e.u. have stronger beneficial ownership and laws that require that the true owners of companies registered in their jurisdictions be exposed at least to their government, to their law enforcement institutions. we are still struggling to pass such legislation united in congress. i'm going to fight really hard to do that this year. hopefully we'll be successful. our patriot act required airbags to our government elicited, sus

our national security, the soundness of our dollar, the wealth we create for generations of americans, the sovereignty of our nation, all at risk in the high level trade talks now going on between the united states and china in washington. and none of it frankly looks good for the good guys. from the talks come word that there are principled agreements as they are called, principled agreements between the two delegations. no word on what has been agreed to in principle or otherwise. there are also memoranda of understanding, six of those, and it hardly matters what they contain because there's nothing binding, nothing enforceable in any memorandum of understanding at any time. how do we know all of this? how can i report this to you tonight? well, not because i've heard it from the u.s. trade representative, robert lighthizer or any of his delegation, not because i've heard it from the white house communications director, no, because our inside reporting relies entirely on the chinese side. the chinese foreign ministry is our correspondent edward lawrence's principle source. mum's the

really the wealth creation that you're seeing is more important and look at manufacturing to look at agricultural production look at things like that in order to determine things of how much the nation is building wealth. right and exactly so we're going to take a little bit of a break and when we come back much more coming your way. join me every thursday on the alex simon chill and i'll be speaking to guests of the world of politics sports business i'm show business i'll see you then. look. at the list on. my site i said is it going. to look so there is a building also up. in the him right. now but a. lot. about. something that's really not yet one of the our mr need just. thrown in the. art of a shuffle stemming with. you know that a little off and you know we'll see. a lot more. shot ideas thought on this a little of the. you know world of big partisan movies a 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. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching cl

the wealth creation that you're seeing is more important and look at manufacturing to look at agricultural production to look at things like that in order to determine things of how much the nation is building wealth. right and exactly so we're going to take a little bit of a break and when we come back much more coming your way. in twenty forty you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it you know here i mean your list put me in the. school and you go to the former ukrainian president recalls the events of twenty fourteen. those who took part in this to do over five billion dollars to assist ukraine in these an article that will ensure a secure and prosperous and democratic. welcome back to the kaiser report max kaiser it's time now to head over to new york city and talk to misfire stein of planetology dot com welcome back mich. glad to be here max arya pretty good now it's first time we've been talking for a number of years now and tracking quite a said you a slave the role the fed plays and other central banks in the economy and they have threatened

the wealth creation that you're seeing is more important and look at manufacturing to look at agricultural production and look at things like that in order to determine things of how much the nation is building wealth. right and exactly so we're going to take a little bit of a break and when we come back much more coming your way. after the previous stage of my career was over everyone wondered what i was going to do next the ball different clubs on one hand it is logical to sit in the home field where everything is familiar on the other i wanted a new challenge and the fresh perspective i'm used to suppressing and i saw one on t.v. . i'm going to talk about football not the or else you think i was going to go. by the way what is it that's like here. in twenty forty you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it still here but i mean your list put video through to me in the new bill is that idea splendid of the former ukrainian president recalls the events of twenty fourteen. those who took. it invested over five billion dollars to assist ukraine in these

estimates storms, floods, erosion, rising sea level threaten approximately 1 trillion dollars of national wealth held in coastal real estate according to freddie mack, some impacts of climate change may not be insurable. a time frame falls well within the time frame of the 30 year mortgage these properties are worth about $117 billion and contribute 1.5 billion towards property tax base banks, insurance companies, other financial institutions are all exposed to the risks, that's why bank of england announced it is planning to include impact of climate change in its bank stress it's going to put climb change into next year's stress question do you agree that climate change creates financial risks for the individual financial institutions and for our finance sim as a whole >> let me say, we don't formally or directly including climate change in our supervision, but we do require financial institutions, particularly those more exposed to natural disaster, we do require them to understand and manage that particular operating risk. so, finish if you're a bank on the southern coast of florida and subj

the wealth creation that you're seeing is more important and look at manufacturing to look at agricultural production and look at things like that in order to determine things of how much the nation is building wealth. right and exactly so we're going to take a little bit of a break and when we come back much more coming your way. when the make this manufactured sentenced to public will. when the ruling classes protect themselves. with the final merry go round be the one percent. we can all middle of the room sick. i mean real news is. on. the list and. i'm sad as that is it. so there are those still. in the him mission without a. lot. of the little guy we. don't want out of the modern i don't worry about. some of his. own of the. art of a shuffle stemming with. this i don't. welcome back to the kaiser report i'm max keyser time now to head over to new york city and talk to misfire stein of planet policy dot com welcome back mitch glad to be here max oriya pretty good now mitch first time we've been talking for a number of years now and tracking quite a said you a slave the role the fed plays and other central banks in the economy and they have threatened over and over again to r

the wealth creation that you're seeing is more important and look at manufacturing to look at agricultural production and look at things like that in order to determine things of how much the nation is building wealth. right and exactly so we're going to take a little bit of a break and when we come back much more coming your way. i'm just not i said. it was. so there was a built. in to him about the question but. we . don't want the modern i don't want to know about. something. mr need. for the. want of a full stomach we have. a little warmth and you know. this a little of the. welcome back to the kaiser report i'm max kaiser it's time now to head over to new york city and talk to much fire stein of planetology dot com welcome back mich. glad to be here max arya pretty good now it's first time we've been talking for a number of years now and tracking quite a said you a slave the role the fed plays and other central banks in the economy and they have threatened over and over again to raise interest rates only to be. contradicted by their own reports and their own words by not raising interest rates and we evolve and said you can't taper a ponzi scheme now it comes finally what yo

the wealth creation that you're seeing is more important and look at manufacturing to look at agricultural production and look at things like that in order to determine things of how much the nation is building wealth. right and exactly so we're going to take a little bit of a break and when we come back much more coming your way. plus lead people by its own keep the slimed you force me to the cult of us abuse that we. want. to see in the film was not the prince the most good movie the. young. boy. shame on them. no one. would hold his hands to. put themselves on the line to get accepted or rejected. so when you want to be president i'm sure. somebody wanted. to go on to be cross with the like before three in the morning can't be good. i'm interested always in the waters of my house. should. welcome back to the kaiser report i'm max kaiser it's i'm not a head over in new york city and talk to much fire stein of planetology dot com welcome back mich. glad to be here max arya pretty good now it's first time we've been talking for a number of years now and tracking quite a said you a slave the role the fed plays and other central banks in the economy and they have threatened over an

because of their meats oil resources minerals and other great wealth critics are pushing and to national coalition heated by the united states so that they can commit an act of insanity and militarily attack venezuela under the false excuse of a humanitarian crisis that does not exist. we will go to the white house bring in more than eighteen million signatures calling for pinas wyler to be respected demanding peace for being as while on the elder sister of thailand's king has been declared a leading candidate for prime minister in next month's elections the move breaks a long standing tradition of tyrol to staying out of politics should be up against . a retired army chief who's been prime minister since leading a coup in twenty fourteen elections will be the first since the military seized power. the un human rights envoy investigating the murder of the journalist she says that it was a brutal premeditated killing planned and perpetrated by saudi officials the findings by a special repertoire and your skull about follow a week long mission to turkey to examine the evidence of these two

we wouldn't go to the cost of harvesting the green cheese, it's not going to happen and it is absurd. >> sean: it's never worked. we have created a nation of wealthortunity that has you compare america, we want everybody lifted out of poverty. new statistic, donald trump got 1.5 million people off food stamps since he's been president, a million out of poverty 5.3 million new jobs, 600,000 manufacturing jobs. two pipelines in the works and we have anwar opening up. >> fantastic. >> sean: sure. these are literally hundreds of thousands, high-paying career jobs, that will increase the wealth of every american. we are the saudi arabia of natural gas. we are the middle east of natural gas. >> look what the president talked about during the state of the union, the economy is people are doing better, taking home more pay, they have opportunity, living better lives. the president is doing what he wanted. instead of offering a realistic alternative, this new congresswoman offering a fictitious world to live in that defiies reality. this is the challenge the president is up against, putting his accomplishments on the table, we made the country better and

we wouldn't go to the cost of harvesting the green cheese because it's not going to happen. it's absurd. >> sean: we have created a nation of wealthnd opportunity that has -- even the poorest. you could buy the poor int america, which we want everyone lifted out of poverty. the way statistic,ty. donald trump got 1.5 million people off of food stamps, and willing out of poverty, 5.3 million new jobs, 600,000 manufacturing jobs. two pipelines in the works, and we have anwar opening out. >> fantastic. >> sean: sean, these are literally hundreds of thousands, high paying career jobs that will increase the wealth of every american. wehe are the saudi arabia of natural gas! we are the middle east of natural gas! >> look at what the president talked about during a state of the union. the economy by all members, people are doing better, taking on more pay, got more opportunity, living better lives, and we are safer in this country. country. wanted. instead of offering a realistic alternative, you see this new congresswoman offering a fictitious world to live and that defies reality. this is the challenge the president is up against at thi

back 15 years at least, probably two decades, you pointed out, it is greatest transfer of wil wealth from one nation and we have allowed it to happen unimpeded, trump is saying we're not allowing this to continue. lou: with koch brothers and business round table and "wall street journal," cheering all of the way that country destiny was diminished by their greed, some short-sightedness, theirs and that of consecutive administrations, republican and democrat, that has changed one another that light hieze that -d today he wants an enforceable agreement which is critical. >> absolutely. lou: always in grime agreement. >> thank you, lou. lou: i am always in agreement with him. thank you. gordon chang, up next, more on radical dim's effort to undermine this president roh water where he is working -- no matter where he is working. putting america first, today they decided to put a liar, a convince liar, michael cohen, front and center. before congress. the 116th, the dimms off to a roaring start. we'll be right back with that and much more, not so much more, but more. i can't believe it. that there's a lo

of socialist rule have brought this once thriving nation to the brink of ruin. that is where it is today. the term radical socialist government, nationalized private they engaged in massive wealthonfiscation, shut down free markets, suppressed free speech and set up a relentless propaganda usedne, rigged elections, the government to persecute their political opponents, and destroyed the impartial rule of a. -- rule of law. in other words, the socialists have done in venezuela all of ,he same things that socialist communists, totalitarians have done everywhere that they have had a chance to rule. the results have been catastrophic. almost 90% of venezuelans now live in poverty. in 2018, hyperinflation in 1,000,000%.ceeded crippling shortages of food and medicine plague the country. socialism has so completely ravaged this great country that even the world's largest reserves of oil are no longer enough to keep the lights on. this will never happen to us. [applause] president trump: already, more than 3 million venezuelans have fled maduro's route all opposition -- brutal opposition. today, we are honored to be joined by the mother of oscar perez, a courageous venezuelan police of

because of their meats oil resources minerals and other great wealth critics are pushing and to national coalition hated by the united states so that they can commit an act of insanity and militarily a take venezuela under the false excuse of a humanitarian crisis that does not exist. because suddenly we go to the white house bringing in more than eighteen million signatures calling for being as well or to be respected demanding peace fourteen as while i'm on the colombian border city of kuta our trucks carrying food and aid from the u.s. have arrived but it's not clear yet how that aid will enter venezuela without the support of the military which backs president by durham. he has the latest. honking their horns to larger t.q. later lorries in six mile or trucks arrived in the border city. carrying the aids relief elements same by the united states relief agency usa this is part of a larger plan by the opposition together with its international supporters to try and start a humanitarian corridor. but it will not be easy given the fact that president nicolas maduro remains steadfast and

of hard work. eliminating them will increase our aggregate national wealth, which should always be a key priority of the united states government. but we also need to restructure our entire tax system. we do not need to choose between robin hood style taxation and deficit creating tax cuts for the super rich and we should instead take a good long look at some other models such as the 19% flat tax on income and the famous postcard tax return. bigger than an no postcard. i have read quite a lot on this subject, and i believe the savings from the dramatic supplication of the internal revenue code and the whole process of taxation would be enormous. health care, instead of arguing endlessly and fruitlessly about whether the affordable care act should be repealed because, let's face it, we do not have a consensus in congress, there are various, and since health care issues that could be addressed immediately in washington and across party lines. be permitted to establish personal health care savings accounts and to choose providers. they should be free to purchase a pharmaceutical drugs across state line

has not been totally unscathed during the trump presidency, of course given the "national enquirer" report. if you look at the size of his wealthf he has to split his assets with his ex-wife in the divorce, he would still rank pretty highly on the wealth chart, right? mike: in fact, if he had to split assets with his wife, he would be back to where he was the day trump got elected. arguably, you could say the trump presidency paid for the divorce if there is a divorce. emily: which also puts into contact how much he has made in the last two years. his wealth valued at $134 billion. mike, thank you. now, speaking of people close to -- people opposed to amazon, new york state has appointed a critic of the amazon headquarters deal to the public authorities control board. new york state senator michael gianaris will be one of three voting members on the board that has the right to block projects. new york governor andrew cuomo must now decide whether or not to accept the election. gianaris told "bloomberg technology" that "my views are clear on the amazon deal and not changing." amazon has yet to respond to our request for comment.

and they say this in this is theon, mobilization we had during world economy.uld the 40% of the nation's wealthnd economic output was shifted to the war effort and people had the rationing of food, gasoline, heating oil, they had wage .reezes, price freezes in world war ii was actually a rather small mobilization compared to what we find in the green new deal. world war ii on the lasted for years for the united states. this is forever. it is a huge takeover by the federal government of the economy and of people's lives. host: the believe in climate change? ison: i believe the climate always changing and human beings have a role in that change, but i think the crisis is overblown. i think the rate of warming from the models is high. the rate of warming from temperature data is low. that is really what the global about. debate is host: we have your sending in questions and comments for our ell from theyron eb american enterprise institute, and janet redman from greenpeace usa. we are talking about the green new deal. we will probably get to some other environmental-type issues. tell us what you h

fail if they if their mediocre ideas lead us into wars that cost us the national wealth that for example like when france sent all of their gold over here to fight the american revolution what happened to them once they spent all their gold while they were decapitated because they had no longer any money to feed their population well here is in two thousand and three wolfowitz told congress the iraq war would be practically costless it turned out to cost more than two trillion dollars with hard money one of its would have had to raise the two trillion dollars before war with easy money he can get his carnage on and leave taxpayers footing the bill for decades under hard money governments had to finance our operations from their citizens which made wars possible when necessary bankrupted governments that engage in unnecessary war war was limited and contained to expensive armies kings were careful to not do. needlessly all right well. courage is competition when you have hard money and the people that are against hard money are people who don't want to compete they just want to be raunchy days they want to be rent se

of criticism how advocates should respond to populism. >> i think as a nation we should focus on economic wealth and balance. nejra: it's all straight ahead on bloomberg best. ♪ nejra: hello and welcome, i'm nejra cehic. this is bloomberg best, your weekly review of the important business analysis and interviews from uber television around the world. let's start with a day by day look from the top headlines. monday, investors awaited results from alphabet. ♪ shares of alphabet falling and after-hours trading after reporting thinner profit margins as they spent heavily to expand cloud and hardware businesses. investors are not liking those higher costs for the company. >> absolutely. if you look at the numbers, the underlying demand for the core business, very strong 66% growth. but if you look at expenses part, 40% in r&d, most of it from cloud infrastructure, hiring and spending. if they expected temper in 2019, that is some relief. but basically, expenses across the board are going up. shery: what is management going to do about stamping down on cost? >> right now, they are sending the message the growth in

of the country's nuclear weapons program. when our nuclear capability preserves our national sovereignty and provides peace wealth strength and prosperity for. people on scandal news you know. kim jong un understood that mere nuclear tests would not make much of an impression on the u.s. he had to be able to threaten america on its own territory. so he stepped up north korea's intercontinental ballistic missile program. in the final days of the obama administration kim jong un prepared to play his trump card and the acceptable act was announced in january. twenty second. capture when it was he said can't begin to see perceive that in all the unified. reached united states. baiting that it's ok to want to weapons. throwback to threaten the united states as they would say the united states threatens. the timing of the announcement was no coincidence please raise your right hand and repeat after me adalah new american president was sworn in. trump do solemnly swear did you good to go with donald trump everything changed some u.s. presidents had been more tolerant of north korea others less so. but no president had ever threatene