we've been speaking with the editorial director of the american institute for economic research geoffrey albert tucker thank you for your time and your comments. meanwhile france has imposed an almost total lockdown on citizens but there were 100000 police deployed to enforce the quarantine the measure is unprecedented for a post-war europe and military trucks have been filmed being deployed to the paris suburbs it comes as france's interim in the start warns people to stay at home in quarantine. remote dulled the message is clear stay at home these are containment measures similar to those when spain and its persons traveling must be able to justify their leaving us each person will have to carry a document so it's a timely reason. if. it comes as the e.u. radically steps up its efforts to contain the coronavirus restricting all nonessential travel for at least 30 days several nations including austria germany and france have closed their borders. looks at whether the era of free movement could be coming to an end. for years populists have been advocating tighter buda controls within th

economic effects could be in the short term quite devastating for a lot of people in a lot of industries of course only time will tell jeffrey tucker editorial director for the american institute for economic research thank you for joining us on the program. in an attempt to curb the spread of the coronavirus the italian government's locked down vast swaths of the north of the country the drastic measures come as the number of infections in the world's 2nd worst hit country reach over 9000 growing by more than one and a half 1000 overnight all the number of deaths has risen by almost 100 since yesterday amid the latest restrictions uprisings broke out in a number of jails in the country science advancer improves conditions prisoners have been reportedly angered by new rules which have seen a suspension of family visits this footage shows a group of inmates on the roof of the sandwich or prison in milan burning items and shouting freedom but the most severe revolt was seen in the northern city of medina which left 6 inmates dead in sicily the relatives of some detainees gathered near a jail concerned over a potential prisoner infection. so while this coronavirus has been raging for almost 3 months h

we've been speaking with geoffrey tucker editorial director at american institute for economic research thank you so much for a time in your comments. here and that's all for this hour news wise but if you're looking for more head on over to our web site are to dot com for countless articles and interviews thanks to tuning in. you are no offense but you no longer a young woman in fact you are one of the last living survivors of the nazi yeah. i'm aware of it. all you like. you can never forget. was it really like to be inhaled because you would never believe it was a human can do to as a hobby of course for 30 years to be. very bad at all seems so logical for your side. when i get out on the farm saw you don't want to take my song to the next you so you can listen and hopefully bless her. each simulating civilization would be able to run using a tiny fraction of its resources. hundreds of thousands millions of rounds through all of human history almost all. kinds of experiences were done to simulate that once. known simulated ones and conditional and we should think we are probably one

reported several $100000.00 claims filed geoffrey took an editorial director at the american institute for economic research agrees the global economy is under severe strain because there were internet i don't even think economists have that but it's not recession start fresh and it's it's it's own imaginable levels of of shock and the data are going to it's like that. and give you a clear prediction what the unemployment numbers are going to look like that we're going to be seen soon but i almost certain that millions have already lost their jobs and this shift cannot go on much longer without dismantling everything we call civilized life it just it just cannot go so the pressure is growing by the day by the hour by the minute for for the politicians to line up their decisions public policy decisions with the actual documented health risks which are becoming ever clearer as testing has is going on. u.s. senators have been accused of exploiting their privileged access to information about the pandemic to make a quick buck that's after they sold off a large number of shares right before the markets plunged a

editorial director at the american institute for economic research jeffrey tucker says the global economy is facing increasing pressure by the day. this is a the kind of decision of that the private sector has to make amends to some extent also the responding to demands to is for social doesn't see in and there's a lot of public pressure public sector pressure on private companies just to shut down which is and many ways tragic and i think there's going to be a lot of things to discuss after all this is over about who called for these shutdowns and why and to the extent to which there was actually in a kind of a rational calculation between the health risk and the obvious catastrophic economic costs of what's taken place in the world economy right now the pressure is growing by is a day by the hour by the minute for for the politicians to line up their decisions public policy decisions with the actual documented health risks as israel battles the spread of covert 1000 with more than $700.00 cases registered the country's caretaker prime minister and his party have been accused of using th

risk with the us also now facing a similar scenario the editorial director of the american institute for economic research geoffrey albert tucker believes the effects of the crisis will stretch well into the future. you know this is a calamity that's more or less manmade actually none of this is actually truly necessary but the us did absolutely everything wrong from the beginning of this crisis and you can't just issue orders from the top everybody stop what you're doing and do nothing you know if you do that you're going to bring about a massive market crash and expose every conceivable vulnerability in the system and that's exactly what's happening right now there's going to be a tremendous price to pay in the future. like economically financially socially culturally psychologically but also very profoundly politically because people are going to different do be demanding answers and that 1st saying that people can discover right now is a closer look at why the u.s. was not ready for this testing. graphic footage has emerged online showing an australian soldier shooting dead an unarmed afghan man at cl

$100000.00 claims being filed recently jeffrey tucker editorial director at the american institute for economic research warns that the global economy is under severe strain. is there were i don't even think economists have a word but it's not a recession it's not it's it's it's unimaginable levels of of shock and the data are going to reflect that even give you a clear prediction what the unemployment numbers are going to look like that we're going to be seeing soon but i almost certain that millions have already lost their jobs and this just cannot go on much longer without dismantling everything we call civilized life just just cannot go so the pressure is growing by the day by the hour by the minute tour for the politicians to line up their decisions public policy decisions with actual documented health risks which are becoming ever clearer as testing has is going on. several u.s. senators are in the spotlight for selling off millions of dollars of shares just before the recent market crash details after this break. this outbreak really highlights that our system for global governance is weak and ad

to go over all of this were joined by jeffrey tucker editorial director with the american institute for economic research and peter schiff c.e.o. of europe pacific capital so peter let's start with you you've been calling this entire correction for at least a good year now but this is now looking more like a full blown recession rather than just a correction so are the markets and oversold territory is the 11 year bull market finally over. well the bull market is clearly over i mean just look at the numbers but i've been calling for not just a correction i've been calling for a bear market and we're in one but more problematic this is the beginning of the greatest financial crisis in u.s. history the financial crisis of us of 282008 will pale in comparison as will the severity of this recession we're going to have a much greater recession than the one that we had in 2008 the difference is going to be this one is actually going to have inflation we're going to have rising consumer prices and a falling dollar which is going to make it so much worse than what was experienced 1012 years ago now jeffrey do yo

and in great barrington we cross to pete earley he is an economist with the american institute for economic research all right cross talk rules in effect that means you can jump in anytime you want and i always appreciate andrew in houston let me go to you 1st here. the i guess this is the 2nd shock in as many weeks for you because you've covered the oil markets and now we have the process being rolled out to deal with the corona virus when we've seen markets crash and we see a lot of disorder and a lot of questioning of what direction we need to go into but there seems to be quite clear that a recession is going to be upon us and very very soon if not we're in it already go ahead and what are your thoughts. well i think that's right because if you look around the world we have school closures we have industries telling people to telecommute we also have really the shutdown of the economies say like in italy where everyone is staying at home or in spain and we're seeing that spread to parts of the u.s. most notably san francisco and of course the world economy is so dependent on consumer spending tr

neil: to the american institute for economic research president edward stringham, walter asset management ceo rebecca walser and charlie gasparino joins us on the phone. edward, to you first on what you think the message is the administration is sending. we had reason to close the markets after 9/11. they couldn't open. they were so damaged and there was flooding at the time, i remember so they couldn't open. when they did, days later, the notion was some days would pass and people would be calmer. so does the treasury secretary have a point, you want to send a signal you're not going to just quit, walk away from the markets? >> certainly. yeah. the markets being open is crucial for the economy, for people to know what business sentiment is in the world. the fact it's dropped so much really shows that people are really worried about supply chain management and you know, people just being able to work. but it is good today, the fact that markets are up a little bit. we need this pulse on the economy. i'm glad they're not approaching that subject of closing the stock exchange. neil: you kno

american people. i willll always put the well-beg of an america first. amy: for more, we're joined by robert pollin, distinguished university professor of economics and co-director of the political economy research institutet the university of massachusetts-amherst. the campus just announced it is closing due to coronavirus. his forthcoming book he co-authored with noam chomsky is titled "the climate crisis and the global green new deal: the political economy of saving the planet." in 2018, he co-authored a paper titled "economic analysis of medicare for all." welcome back to democracy now! it is great to have you with us. we thank the team that is in the studio now with your university closing. if you can talk about what medicare for all would mean in the time of the coronavirus, and what president trump is proposing around this payroll tax cut? >> sure. wellll, you kind of characterizd everything very well with his dues from the insurance companies, wherein trump announced just last night that the insurance companies agreed toto waive all copaymements. well, that turnsns out to not en bebe trurue. that is a a minimal gesesture, t it turnsns out to not even be te because the insurance companies said they