p. morgan chase. how many times is j. p. morgan chase. been convicted of fraud already 5 and nobody goes to jail. but their boss, look at the j. p. morgan chase steals the goldman sachs deals and other deals that i just mentioned from black on black rocket emergency acquisition activity. books are getting much bigger because they're borrowing the money from rough thing. nothing as really the little people say land they have to pay that $27.00 i think is point 5 percent interest rate. when you rate on a day on your credit card. right? absolutely. now that, that's what i call interest rate, apartheid, and i want to get your thoughts on. now looking back at the 1900 seventy's, it was interesting because we had similar high unemployment and a lot of money printing. we had the stack lation. today it's a little bit different in that they are responding with the stimulus tracks and enhanced unemployment benefits as well as rent moratoriums. so consumers don't really care about behind flexion so much. so instead of a war gerald to distract, they

p. morgan, goldman sachs, morgan stanley, the bank states. they're demanding that their workers get back to work. you know why? because they got the loans from all of this commercial real estate and scrolling down the toilet and they know it. and number 2, they are invested in it. right? sounds like another part is game from wall street. we're going to carry this over to another segment. but for right now journal, thanks for bring on the kaiser report. thank you. all right, that's going to do it for this edition of kaiser report with me mac kaiser and stacy herbert. thank you to gerald sunday until next time by you all the me. ah, the russian president vladimir putin. it's spend a long article on russia and ukraine to say it is evoked a lot of response, also. so long angela murphy, germany long serving chancellor. what will be her last, like i rather driven by dreamers shaped by those with the in me dares thing. we dare to ask me ah, with me ah ah, i use this security camera video and downtown biscuits shows young men grabbing a girl and forc

p. morgan, goldman sachs, morgan stanley, the bank states. they're demanding that their workers get back to work. you know why? because they got the loans from all of this commercial real estate and going down the toilet and they know it. and number 2, they are invested in it. right? sounds like another part is game from wall street. we're going to carry this over to another segment. but for right now journal, thanks for being on the kaiser report. thank you. all right, that's going to do it for this edition of kaiser report with me, mac kaiser, and stacy herbert. thank you to gerald. so on day until next time by you all, the me president joe biden invoke civil war parallels with greater frequency. this is ominous and dangerous. unfortunately, it would seem, this is how the major political parties and the media view, the state of our politics in a war, there are casualties and defeat in the culture. wars can one side bank questions, the other the eastern half of the united states were going to have 1000000000, if not trillions of periodical c

p. morgan. but he was also on the board of the l. b n. a in london. ok, that's right there. explain to you how this stuff is hand in glove. the physical market which most of it is an allocated metal is in london. but the bank that's her bank chapter flow gold and silver to around the planet. well, they know where the bids are. ok, they and again the price is set not by spot, but by futures. and so they work hand in glove with their trading desk in new york to massage the co max price, the futures price, so the orders don't get here or get canceled. the physical side, that's how all these pieces fit together. max, people think it's just some road traders. it will maybe sometimes just do that, not their bonus for. but this is all part of the process of managing the price by these banks. and it continues to this day to think that some binds have been paid. what a j. p. morgan by 900. $20000000.00 where their precious metals boy and banking business make last year a 1000000000. just a slap on the rest is still continues and i give you one more thing. next it back in the day when

p. morgan, but he's also on the board of the l. b. m a in london. ok, that's right there. explain to you how this stuff is hand in glove. the physical market which most of it is an allocated metal is in london. but the bank that's her bank have to flow gold and silver to around the planet. well, they know where the bids are. ok, and again the price is set not by spot but by futures. and so they work hand in glove with their trading desk in new york to massage the co max price, the futures price, so the orders don't get hit orders, get canceled the physical side. that's how all these pieces fit together. max, people think it's just some road traders were maybe sometimes just a bad, not their bonus for but this is all part of the process of managing the price by these banks. and it continues to this day to think that some fines have been paid. what a j. p. morgan by 900. $20000000.00 where their precious metals boy and banking business may class. you're a 1000000000. just a slap on the wrist is still continues and i give you one more thing, max, back in the day when we 1st m

p. morgan did better than expected. what did help the bank that we had less a credit loss of that by the way it was because we got all the extra money from watching for us consumers. so they could for example, pay off their credit card debt. so that clearly helps. but then we also had investment banking getting helping shape your martin, for example, with mergers and acquisitions. we had an investment banking, very strong with goldman sachs with ip also with new companies that are coming to the stock market says that there was maybe one little disappointment and that was a trading revenue. and so that dropped in comparison to last year. but then again, that was also not a big surprise because with all the volatility that we saw last year, that was to be expected. that trading volumes would be a bit lower. so they're very good start into earning season from the big bang them on wednesday. by the way, we will get the numbers from citigroup on bank of america. maybe one final word thanks actually did trade to the downside,

p. morgan earnings more than doubled while goldman sachs revenues. it's asset management is an all time high. pm central bank is formerly beginning a project to create a digital your own plan aims to react to the growing popularity of crypto currencies and online payments. the c. b will now begin exploring exactly how it should work from a coin purse to a digital wallet, in euro or digital euro would be designed to operate like platforms and apps such as pay pal and apple wallet and digital currencies like bitcoin. and this comes after the pandemic boosted online shopping and digital currency investments. analysts say, as consumers get used to making purchases online, it's important to have safe and easy digital currency soon and more consumers in the, in the things that when the cost and smart money. and that's why we need the digital central bank owned and regulated the digital currency i. e, the euro. other central banks are already exploring options. england is researching its own central bank digital currency cheekily named the brit coin and the

p. morgan's earnings more than doubled from a year ago to almost $12000000000.00. while goldman sachs is revenue, it's asset management. hit an old time hon. the european central bank is announcing plans for the e euro in about half an hour, a new digital currency. proponents say it will strengthen europe's digital and monetary sovereignty and keep your own competitive. digital euro would have the same value as analog, cash, all the money in our bank accounts. it will be issued by the e. c. b, all national, central banks to private persons. and companies in euro deposits would probably be kept at a value of around $3000.00 euros. that's to make the eas fears that the digital coin could make the easy be a competitor to banks. for the survey by germany. central banks say that by the by jones about central bank size. most consumers here reject the digital euro, 56 percent of household saying it would add no additional incentive of a current payment methods. and they're worried about the new euro security. so let's get more on this from conrad boone who's in frankfort

p. morgan chase and hsbc, among others have might have been complicit in money laundering. so she took it to the official whistleblower channels. and guess what happened next? absolutely nothing, but some people do hope that biden might be able to break this trend. why do we work with congress to strengthen our whistleblower laws so that any federal employee who learns of an improper attempt to influence the department of justice investigation or prosecution knows how to report it and receives full protection against retaliation. but anyone including the president. but so far, these have only been words, but at the end of the day, it's not even really just up to biden. to fix this, the people leading these investigations and prosecuting these pesky truth tellers are all over the executive branch. and biden's administration is literally packed with people who are there at the forefront of the crackdown on whistleblowers during the obama days. and after all, why should any of these officials allow whistleblowers to go public? it's their jobs on the line. and what we can tell

p. morgan? chase. and so all about money. that's all they care about. yeah, you know, they have some technologies. remember, during the previous presidential administration, there was a brouhaha about an app called tick tock that it was laden with artificial intelligence. the china was using it to control american minds and culture. we haven't had that discussion since then. that go away or is there, was there something to it? and is that something that people should be aware of all the artificial intelligence, what they're doing is it's global, but that's only a little issue. the big issue is the bottom line and the trade deficits. and, and the, so they use this kind of thing to get the people riled up about something as did throwing. you know, the big money going back into china. as i said, look at hsbc, you know, they pulled out of just about the western countries. they're going into china whole time. they see which one is going. and all the, all the bank sters in the money people, the only interested money. they're not interested in human rights or

p. morgan chase and hsbc, among others have might have been complicit in money laundering. so she took it to the official whistleblower channels. and guess what happened next? absolutely nothing, but some people do hope that biden might be able to break the strand. why do we work with congress to strengthen our whistleblower laws so that any federal employee who learns of an improper attempt to influence the department of justice investigation or prosecution knows how to report it and receives full protection against retaliation by anyone including the president. but so far, these have only been words, but at the end of the day, it's not even really just up to biden. to fix this, the people leading these investigations and persecuting these pesky truth tellers are all over the executive branch. and biden's administration is literally packed with people who are there at the forefront of the crackdown on whistleblowers during the obama days. and after all, why should any of these officials allow whistleblowers to go public? it's their jobs on the line. and what we can tell fr

p. morgan chase and hsbc, among others have might have been complicit in money laundering. so she took it to the official whistleblower channels and guess what happened next? absolutely nothing. the story got to international attention only after she leaks to the press. and after that she did not get a pat on the back for being a good whistleblower. but instead, last month, she got sentenced to 6 months in prison. you know, just like always. but some people do hope that biden might be able to break the strand after all in his plan. so guarantee the government works for the people. he did promise to try to deescalate the prosecution of whistleblowers and seek more funding for whistleblower protection programs. why do we work with congress to strengthen our whistleblower laws so that any federal employee who learns of an improper attempt to influence the department of justice, investigation or prosecution knows how to report it and receives full protection against retaliation. but anyone including the president? but so far, these have only been words, but at the end of the da

p. morgan chase. and so all about money. that's all they care about. yeah, you know, they have some technologies. remember, during the previous presidential administration, there was a brouhaha about an app called tick tock that it was laden with artificial intelligence. the china was using it to control american minds and culture. we haven't had that discussion since then. did that go away or is there was there something to it and is that's something that people should be aware of. while the artificial intelligence, what they're doing is it's global, but that's only a little issue. the big issue is the bottom line and the trade deficits and, and the, so they use this kind of thing to get the people riled up about something as did throwing. you know, the big money going back into china. as i said, look at hsbc, you know, they pulled out of just about the western countries. they're going into china whole time. they see which one is going. and all the, all the bank stores in the money, people, the only interested money. they're not interested in human ri

p. morgan and bank of america sword pass expectations in the 2nd quarter of 2021. this while inflation also continues to soar, but the fed again defends its decision to keep its pandemic era policies in place. joining us now to go further in depth on this is tobin smith, the ceo of transformative research. now tobin, when we talk about rising profits and rising prices, the argument is always that we're comparing to one year ago when the economy was basically at a standstill. but how is the current climate playing a role in wall street, the latest profits? well, the, the term is base rate, right? or is because we were in a medically hermetically sealed off economy. everything went down. right. so you sure you're through your as you get out of this medical induced coma? yes, we've got the spike. that's where we are today. but the stock market, remember, is going 6 and 12 months out. and what the stock market is trying to figure out is after we get to to 2022. now we have a new base rate for what inflation price inflation really is. and if i'm pricing in earnings in 2

p. morgan says right over the jailing of former president, jacob's duma could cause the nation's economy to contract by 3 percent for the 3rd quarter of this year. now let's go over to rachel. take a look at equity and how they fared in europe in the americans. thanks ran here we start in the u. k. where the 50 is down. concerns of arise, uncovered cases have clouded prime minister boris johnson's plans to lift lockdown measures next week. as the u. k reported over 50000 new cases on friday for the 1st time since january, nearby the german dax and french canker. also in the read, the delta vary has sparked thousands of cases in the region leading to concerns that it could force new locked downs and hurt summer travel just as it returns. however, the latest data shows that the euro zone saw annual inflation at 1.9 percent in june, which marks its 1st decrease since last september. lets go across the atlantic to brazil where the evil best, but it's in the green. while the country races outlook on inflation and admitted that the economy did shrink and may contrary to expectations, brazil's

p. morgan has now estimated that greek banks will exceed 20000000000 euros between 20222024 because of a plan by the government to deal with non performing loans. what do we know about that? yeah, absolutely. so essentially what they're doing is the estimation here is that between 2022, as you said in 2024, there's going to be a much bigger increase in all of this, we're talking about exceeding 20000000000 euros. and that's about 12 percent of the gross domestic product of the entire country brief. so the idea here is, and by the way this, this does relate to these other issues as well. it's a real lining of a lot of these issues and taking many of the assets and re configuring how they're being held by these big banks. but also taking a lot of these loans that are really kind of worthless loans. at this point. you remember greece within a lot of trouble just a couple of years ago and has been trying to get out of this financial trouble that it's been. and as one of the ways you have to do that is by off shoring and removing, unloading, excuse me, some of the bad loans that they're holdi

p. morgan, goldman sachs. they're not looking out for the people in america, they're looking out for the interest of the bank to battle out everybody. and what they tell you is not necessarily true. so look, you had 40 years of fail neo liberal policy right? or 35 years. and so what happens, they come up with something to blame. now they're going to say, if you look, go back to that philosophy chart and you can see everything was a bail out. they bailed out, printed more belt out printed more, and the bell i was just kept getting bigger and bigger and bigger. from when we had the 1999 fail of long term capital management, and they just got increased moral hazard and they got bigger and bigger, and the congress would say, oh, we're never gonna let this happen again. but it kept happening. it happens. now this time they've gone far too far. they've destroyed the dark, the dollars value. there, there is this rating the middle class, and this is going to end terribly abilene because assets are totally miss price.