counteract the contraction of bank credits i mean it really is absolutely crazy it's going to battle the money printing going out the central bank the federal reserve bank of america now has over 6 trillion dollars in assets that have no resale value they're effectively worthless that they bought by frank thing up a fresh 6 trillion dollars souther 1st part of question as can they go to japan like levels of 100 percent of g.d.p. and that would mean $20.00 to $22.00 trillion dollars of printing number one and number 2 year recent post is titled anatomy of a fear of currency collapse will fear of money survive the covert $19.00 pandemic of money printing what does the collapse the look like so the 1st part is can they get the point to china and the 2nd part is walk us through your recent essay 22 trillion easy pieces in fact again out to print a lot more not just to make up for 'd the payment failures in all the supply chains the supply chains total not just g.d.p. but all in to mediate steps towards a final product and you're really looking as a figure which is more in tune with. grace output which is 38 trillion and that's just in the united states and it doesn't

morgan wells fargo bank of america and city are each in the process of setting up independent companies that own oil and gas assets of course those are members of the federal reserve banking system j.p. morgan bank of america citi bank and wales far right to fracking industry being an industry that we've been saying now for 10 years is cash flow negative from day one and energy negative from day one takes more energy and then comes out more cash goes in that comes out and now it's going to be harley supported by the federal government how is that different than soviet union 1950 it isn't it's exactly the same so again we're talking about supply and. demand but supply and distribution of that supply there was no shortage of suckers this in these past 10 years no shortage of them why because interest rates were is 0 they kept going to 0 and negative in some places so they need to deal that any cost because we have these boomers about to retire on these huge promises given to them 2030 years ago that will give you way more than is possible under how much wealth and our economy creates now but if we collaborate lies the next 2 generations you know there's plenty for y

bank of america. brian: what the federal reserve did is a lot of liquidity programs and state licensed markets. ssed is an effort to keep people employed so number one at bank of america , to the extent that we keep people employed and keep cash in the household, that will be terrific, and keep the baseline growing. how do you help small businesses do that? that is the program they will implement friday. how do we get the money out quickly on behalf of congress and the president and the administration? they dealt a set of regulations that are out in progress -- process and have been published. we ask customers to be patient. we ask them to go back to their banking because the documentation, you work with those banks and we will have millions of customers come to us and go through in the program. they can continue to pay their employees, that is what the money is geared to do, and to cover some overhead. we are setting up shop and activating thousands of people to take the activations, a huge physical -- digital presence. are trying tous live day to day, week to week and get through this crisis,

empire of hedge funds that have colonized america and this goes completely against anything anyone could interpret from the constitution and they they derive their power from the federal reserve bank which is the successor to the bank of england and the bank of england the card of ben franklin was the number one reason america staged the american revolution to get away from the bank of england because that was the sponsor of colonialism now we have the fed which is the sponsor of the new american colony alyssum of hedge funds citadel one of the biggest had funds they then they're not embarrassed by hiring ben bernanke you former fed chairman to come over there and during this ballot process bernanke he is a direct colonial connection to a monopolist oligarch a whole hedge fund to the federal reserve and they're negotiating and they're front running and they're high frequency trading and they're trading derivatives and they are interfering like a jerram mannering ghetto blaster booster political hack to undermine our law by standing in a so we have this and merging under class well of people living out there and zombie land and the next step will be to vilify them and to scapegoat

of the great depression. in a ground—breaking move, america's central bank, the federal reserve, has announced it is to provideion in loans to help small businesses and local governments pay their bills. but the cost of testing everyone here who thinks they might have the coronavirus could prove unsustainable, so how then could the trump administration start sending people back to work? at the present moment we have now cleared more than two million tests across the country, and i am pleased to report we are testing more than 100,000 people per day now. but more testing is crucial, especially of reports that the president is pushing to reopen the country by the beginning of may are true. the united states is expected to see its biggest death toll from the coronavirus this coming easter sunday. david willis, bbc news. the headlines on bbc news... the uk government issues an easter message urging people to remain at home this weekend as governments across the world ask people to stay indoors to stop the spread of coronavirus. the british prime minister is spending a sixth day in hospital after leaving intensive

manipulation money in the papacy of the federal reserve bank is supposed to be separation of church and state when you treat the fed like the like like the vatican. problem america they are going to take a break when we come back much more coming your way. just to. show. you put it's not. so we. want to see you. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. and spearing dramatic to follow can only really. i don't see how that strategy will be successful ready. to sit down and talk. this is a story about want to. trade. it kills a young girl in the streets. who happens to have family and daughters in florida know the mother daughter is very innocent and terry it really messes with your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court the . shot after shot is far off the side we feel that we don't know just from. the end of this trial unfortunately you too will still not know what childress. welcome back to the kaiser report i'm max h

of the great depression. in a groundbreaking move, america's central bank, the federal reserve, has announced it is to provide $2 trillion in loans to help small businesses and local governments pay their bills. but the cost of testing eve ryo ne but the cost of testing everyone here who thinks they might have the coronavirus could prove unsustainable, so how then could the trump administration start sending people back to work? at the present moment we have now cleared more than 2 million test across the country, and i am pleased to report we are testing more than 100,000 people per day now. but more testing is crucial, especially of reports that the president is pushing to reopen the country by the beginning of may are true. in the united states is expected to see its biggest death toll from the coronavirus this coming easter sunday. we will have a look at questions of lockdown and possibly easing restrictions a bit later in the bulletin. here in the uk, there's been another massive rise in the number of reported deaths, 881 people lost their lives over the latest 24—hour period. the prime minister, borisjo

counts money in the papacy of the federal reserve bank is supposed to be separation of church and state when you treat the fed like the like like the vatican has a problem america they are going to take a break when we come back much more coming your way. seems wrong. just don't. let me. get to shape out these days become educated and gain from an equal betrayal. when so many find themselves worlds apart we choose to look for common ground. this is a story about what happens auster a stray bullet kills a young girl in the streets. what happens to her family daughters in florida. the mother daughter is buried in a cement terry healing this is with your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court the . shock shock is from our society we deal. we don't know just for the. end of this trial unfortunately you truly will still not know the actual just. welcome back to the kaiser report i'm max kaiser not time to turn to will receive all of the fold app well response of the consul rep

with money in the papacy of the federal reserve bank is supposed to be separation of church and state when you treat the fed like the like like the vatican has a problem america they are going to take a break when we come back much more coming your way to. join me every thursday on the alex i'm i'm sure and i'll be speaking to get a little bit politics sports business i'm show business i'll see you that. one almost seems wrong. just don't call. me. yet to see how this day comes to cancer. and in the game equals betrayal. when so many find themselves worlds apart we choose to look for common ground. this is to put on a chain on the spot that same day and. with nothing to go on that i desired to know . local just to. show. you some more. you put it's not just one thoughts and you will not on one level so we. want to show you. how to. welcome back to the kaiser report i'm max hauser not time to turn to will reeves of the fold app well race welcome the consul report back to be here already felt about the fold app it's pretty simple we are giving bitcoin to as many people and the least amount of time off of all we get free because we're shopping at retailers like

like money in the papacy of the federal reserve bank is supposed to be separation of church and state when you treat the fed like that like like the vatican has a problem america they are going to take a break when we come back much more coming your way. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you then. has changed american lives but pharmaceutical companies have a miraculous solution. based drugs to people who are chronic pain patients and believe that their opioid prescription is working for them in the remedy be certain to. price that they pay closer dependency and addiction to opiates to long to use that really isn't scientifically justified and i'll study actually suggest that. the long term effects might not just be absence of benefit but actually that might be causing long term. this is a story about what happens auster a stray bullet kills a young girl in the street. what happens to her family and daughters in florida you know the mother daughter is buried in a cemetery in healing this is with your head what happens to the community the public was s

bank of america almost 10 years now. at some point would you like to come to washington and the -- come to washington and be secretary of the treasury, chairman of the federal reservember of congress or some other position in government? brian: i had the honor of having one of the best jobs you can have. i am completely happy and i am happy to do it as long as the board will have me. david: if the president called you someday and said, the country needs you to be secretary of the treasury or chairman of the fed, you would say? brian: call mr. rubenstein. [laughter] david: that call is unlikely to happen. ♪ because you can't get to the theater, we're bringing the theater home to you, with xfinity movie premiere. there's a world full of other trolls. how different can they be? our brand-new service that lets you watch all the latest movie releases from the comfort of home. trolls world tour available now. i will protect you no matter what, pinky promise. just say xfinity movie premiere into your voice remote to bring the theater to you. david: wended the brilliant idea come to you to set up a brokerage firm? >> we wanted to build on how companies make money and not h

first: we start with the economic impact of the pandemic, because the head of america's central bank, the us federal reserve. the warning comes as official figures show it's already in the biggest downturn since the global financial crisis a decade ago. us economic growth went into reverse in the first three months of the year with gdp shrinking 4.8% in the three months to the end of march. and the worst is yet to come as the first quarter data only covers the first few weeks of the lockdown in the us. a fall that steep hasn't been seen since 2009 and brings to an end the longest period of growth in us history. on wednesday, the chair of the us federal reserve, jerome powell, warned that the depth of the economic crisis is only beginning to become clear. many standard economic statistics have yet to catch up with the reality we are experiencing. it is clear the effects on the economy are severe. millions of workers are losing theirjobs, next week's jobs report and expected to show the unemployment rate, which was a 50 year lows two months ago, has surged into double digits. household spending has plummeted

comes with money in the papacy of the federal reserve bank is supposed to be separation of church and state when you treat the fed like that like like the vatican. problem america they are going to take a break when we come back much more coming your way. that's. the much older of the stuff. just to. show. you put it's not just the most unusual not on one level so the stuff. welcome back to the kaiser report i'm max has or not it's time to turn to will raves of the fold app will race walk in the consul report back to be here all right it's out about the fold app it's pretty simple we are giving bitcoin to as many people and the least amount of time off of all we get free because we're shopping at retailers like amazon starbucks and we've recently teamed up with these to launch a big going rewards card that will give everyone the opportunity to stock that and earn that money so this is really exciting i saw you tweet about it and mediately want to get you on the so you've got this deal with the b.s. i can use my visa card and spend my fiasco and get rid of my fear money and i get bitcoin cash back rewards and so it's got to be the most painless way to stack sass

of different actors in the u.s. economy trying to address the immediate needs, whicis why you are seeing the u.s. federal reserve america's central bankfunding an another $2.3 trillion into the american economy. they are giving to businesses that they had never had before, buying up riskier debt, and also offering more money inflows to medium and small businesses, to try to shore of what is hehappening duringconomy. >>ew devastatingfor the u.s. economy. when it comes to the virus itself, new york remains the epicenter of the pandemic. thursday recorded its highest number of deaths in 24 hours, 799 people died. while this virus is hitting the city's poorest communities the hardest with black, asian, and disproportionately.ring fa reportm the bronx. coronavirus has changed everything about life, and now it is attending the rituals of death. darlene lost her 83-year-old father william t covid-19 on the evil of her birthday, and now sh must say her final goodbyes without a traditional funeral service. >> your loved ones go in, and that is it. >> you don't get to see them no more. even when you make an arrangement, you are being told you c

bank of america says the federal reserve can't print gold. s on extraordinary scale and gold is an ultimate store of value. it performed pretty well over the last 15 months. i think the consensus is, stu, we'll get past 2000 in the next 18 months, but to go to 3,000 in 2021 i think that is a bit of a stretch. you have to have a lot of federal reserve action and central bank action and has to be a lot of market volatility to get there, right? stuart: a couple of world crises, throw in some inflation, maybe you get to $3,000 an ounce. susan: inflation, have you seen it the last nine years? no. taken a while to get to 1800. we'll see. stuart: 3,000 bucks. thank you, susan. >>> facebook, messenger service for children will launch in 70 more countries. tell me more about that, lauren. lauren: that is correct. they are making changes to the service in the u.s. number one, kids can approve their own friends. what can go wrong with that. parents of course can override, less supervision when it comes to adding contacts much number two, adults can join

what the federal reserve did was stabilize the markets, what congress passed with the stimulus bill is an effort to keep people employed. number one at bank of americae told our team that they have a job which is important, and many employers say simply keeping people employed, keep cash in the household, that's terrific, and keeps the baseline economy growing. the other thing is small businesses, helping them implement a program beginning friday. the key to that is how we get that money, how quickly as a banking industry, on behalf of congress and the president and the administration. they developed a set of regulations. they are coming out and they are in process and have been published come starting to publish them. we just ask that customers be patient. go back to their bank where they are a lending relationship, work with those banks. we will have millions of customers come to us in the program and it will be very good. it will also cover overhead, which is good things to help small businesses through this tough time. we are setting up shop and activating thousands of people to take applications, a huge digital presence, and if everybody does i

so what the federal reserve did, starting a lot of liquidity programs to stabilize the markets, congress passing a steaming this bill to keep people employed. at bank of americaour teammates they have a job here and that is important. to the extent we keep people employed, keep cash going to households, that will be terrific and keep a baseline of the economy growing. the other question is how to help small businesses do that, and a program has been announced, beginning friday. the key to that, how do we get that money out quickly? the banking industry, on behalf of congress and the president and the administration, they developed a set of regulations. they are in process, they are starting to publish them. we just ask customers to be patient. my advice, go back to their bank who they already have a lending relation with, that kind of documentation. work with those banks. we have customers come to us, and we will come through if they desire into the program, and it will be very good because they can continue to pay their employees. that is what it is designed to do, and also cover some of her cover some overhead to help small businesses. we are activating tho

bank of america is positive on ross stores but ross is down 2%. again, we will tell you, the federal reserve's beige book whi says not airlines, not travel, not leisure, but the retailers are getting hit the hardest. many of them, along with taxpayers and small businesses are getting their rescue checks right now and as that happens, we do know the majority of major airlines have now agreed to a $33 billion rescue package with the big four getting more than half of the bailout money. the agreement comes as airline passenger traffic absolutely plummets from just a year ago. we wanted to show you, go back to april 14th of 2019. the tsa screened more than 2.2 million travelers in a single day. compare that to yesterday's total of just 87,000 travelers screened. while airline stocks initially popped on the news, investors still very concerned about september because people are wondering whether they will be right back before congress with their hat in hand, considering their worries that the virus will rear its head once again come the fall. let's get to our floor show traders. phil, i will get to

federal reserve did is stabilize the markets. congress passed the stimulus bill as an effort to keep people employed. at bank of america a job it is important. many employers are told that. we keep people employed, keep cash coming into the household and that will be terrific. is, how touestion help small businesses. that is the program that is announced that they will implement beginning friday. the key to that is, how do we get the money out quickly on behalf of congress on -- and the president and the administration? they developed regulations that are coming out and they are in the process and they are starting to publish them. we ask customers to be patient. to the banker you have a lending relationship with because this kind of documentation, you work with those banks, they have millions of customers coming and we will put them into the program and it will be very good because they can pay their employees. that is the -- what the money will do, plus cover overhead which will be good for small businesses. we are setting up shop and activating thousands of people to be able to take the applications, a huge digital

federal reserve does is stabilize the markets. the stimulus bill is an effort to keep people employed. that's the number one at bank of america.a job until year-end. to the extent we keep people employed and keep cash into the household, that will be terrific and keep the baseline economy growing. how do you help small businesses do that? that is the program that has been announced that they will implement beginning friday. the key to that is to get the money out quickly on behalf of congress and the president and the administration. they developed a set of regulations that are coming out. they are in the process. they are starting to publish them. customers need to be patient. who theyo your bank already have a lending relationship with. have manys will customers come to us. we will them into the program. they can continue to play their employees. that is what the money is here to do and cover overhead to help small businesses through this tough time. setting up shop and activating thousands of people to be able to take the applications. if everybody can just do it in an orderly fashion, it would be very good for the u.s. eco

and you are seeing a lot of different actors in the us economy trying to address the immediate needs, which is why you are saying the us federal reserve, america's central bankher $2.3 trillion into the american economy. they are getting into businesses that they never have before. they are buying up riskier debt and they are also offering more money as loans to medium—size businesses to try and shore up what is happening here in the economy. that is the situation with the economy. when it comes to the death toll in the united states, there is a lot of concern. the number of people who have died from coronavirus has surpassed 15,000 in the states and this is the highest number globally. more than 360,000 people are affected across america. is the us close to hitting its peak with mike i put that question to katty in washington. it is going to be at different stages, this is such a big country with so many states that went into lockdown at different times that each of those states could hit a peak at a different moment. i am here in washington, dc, there is a big debate about when we are going to hit the peak. one of these covid sourcing models said that wash

we learned this week that the federal reserve balance sheet has soared to a record $6.4 trillion america's central bank has obviously taken a number oftry to keep the economy afloat and critical markets functioning during this pandemic for more on this let's get to steve liesman who joins us with a special guest. steve? >> becky, thanks very much i'm pleased to be joined by john williams, the president of the new york federal reserve bank which is really on the front lines of a lot of the fed's response doing the buying and selling and managing a lot of these programs good morning, president williams >> good morning, steve >> reporter: i'm going to start out in a way that was different from how i thought because this morning, john, there's an air of optimism in the air. the market's up. the president is announcing a plan to open the economy there's a new drug that everybody is excited about i'm wondering from an economic point of view as you look ahead, do you share that optimism now are things looking better than you had originally forecast? >> well, this is a rapidly evolving situation and every day there's new developments we obvi

america. more should be done to promote a the liquidity created by the federal reserve to encourage banks to provide loans with zero risk. wenders hitting the limits need to be aware of the resources. in closing again i want to thank the committee for your work and for the opportunity to share my district's experiences and i want to reiterate the need for congress to provide small businesses with certainty throughout this pandemic. thank you and i yield back. >> the gentle lady from virginia, you are recognized for two minutes. >> small businesses are the backbone of my district [inaudible] thank you, madam chair. small businesses are the backbone of my district as people employed account for more than half of all employees in the district. in this time of crisis, more work must be done to help all small businesses. despite congressional intent, some businesses cannot benefit from the payroll protection program. sba must clarify the affiliation rules that relate to the ppp alone. for seasonal businesses, i recommend directing them to base the loan eligibility on the revenues from the same time frame last year rather than from the prior four months. i also recommend a