here because when we return we'll take a look at the state of the global economy with professor richard wolf and what a potential you shaped recovery could look like as we go to break here the numbers up above. you shouldn't sell but i. can just. see i guess. i was on the floor some things in my basket and you know whining crying. when i. was it's time for the west to die worms i was having children fever i didn't have any sense of c. source now from the leadership from the world with you. recently she was under the old just introducing. simon to song for research. i hope i didn't. push myself to the full me in the face i'm going to. go. this is a story about what happens austria stray bullets kills a young girl in the streets. what happens to her. daughters and. the mother daughter is very reminiscent of terri. this is. 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 than him and what happens in court. as far. as i feel. we don't know for sure. we. know for sur

professor richard wolfe is a marxist. condiments co-founder of democracy at work and the author of a new book understanding socialism he joins me now from new york city to talk about the impact of the coronavirus professor well thanks for joining me and let me hit you with a simple question here they talk about this bailout money of trillions of dollars now i was governor of minnesota and we have to operate off of the law said we have to have a balanced budget now the feds don't operate that way but they do operate off our money how can they give us bailout money when it's our money to begin with and what are they going to deprive by giving this money or does it simply just go on to the national debt ok jessie glad to be here and hope that i can shed some light on all of this you have to keep in mind that the government has 2 major agencies that carry out economic policy one is the treasury department directly under the president and the other one is our central bank in the united states which is called the federal reserv

but it's time for our break when we return jesse sits down with professor richard wolf for more on the economic impact of the corona virus outbreak we'll be right back. the world. should. anyone else seem wrong. why don't we just don't call. me. yet to see how this day comes after. and in detroit because the trail. when so many find themselves worlds apart we choose to look for common ground. i'm going to. charge kenny with capital murder even though he didn't have the gun didn't pull the trigger didn't intend to kill anybody magic living in your best for the week with the 23. days through. the war. professor richard wolfe is a marxist economist co-founder of democracy at work and the author of a new book understanding socialism he joins me now from new york city to talk about the impact of the coronavirus professor well thanks for joining me and let me hit you with a simple question here they talk about this bailout money of trillions of dollars now i was governor of minnesota and we have to operate off of the law said we have to have a balanced budget now the feds don't operate that

here because when we return we'll take a look at the state of the global economy with professor richard wolf and what a potential you keep recovery could look like as we go to break here the numbers that the. this is a story about what happens auster a stray bullet kills a young girl in the streets. what happens to her family and daughters in florida you know the mother daughter is buried in a cemetery 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 pen this than him and what happens in court be. shocked shocked as far as we feel. we don't know she'll just from. the end of this trial unfortunately due to the will still love no chill just. the world is driven by shaped by. the day or thinks. we dare to ask. because there's survival guide ecstacy just like all the stored safely at the federal reserve. he should know they're going to get it back. after. all it's no good says a repatriation team will look at them with a 7 yr. bill of

now for more we bring in host of economic day and author of understanding socialism professor richard wolfe and c.e.o. of transform many research tobin smith gentleman thank you for joining me today. let's start with with you tobin i want to ask you this now mcdonald's global same store sales dropped about 22 percent just in the month month of march this is a global chain that always does well even during a recession this is because of the cheap prices so when what is it is it even fair to use this as a measure of where our economy is actually heading. well you know it actually is i mean it's food it's somewhat discretionary but you know they have dried up and i will tell you all over there were other garbage in a mcdonald's on every i certainly every continent you get a lot of value for what you know you pay you know you lira or drone or drugs more or whatever and you're going to see them drop off another another 20 percent because we didn't have the lockdowns going at the time that the they reported it so i use it as a barometer of retail but you know the question is have we priced that i

here because when we return we'll take a look at the state of the global economy with professor richard wolf and what a potentially huge shaped recovery could look like as we go to break here the numbers up a. little . tough for a lot cluster primary democrats and their media friends have decided on joe biden as their party's nominee which is the electable will the progressive's fall in line with these junk offering voters in will the d.n.c. experience buyer's remorse november. is your media a reflection of reality. in the world transformed. what will make you feel safe. isolation little community. are you going the right way or are you being led so. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or a maid in the shallows. this is a story about what happens auster a stray bullet kills a young girl in the streets. what happens to her family my daughters in florida. the mother daughter is. very it really messes with your head what happens to the community the public was screaming for a scapegoat the police need is a scapegoat so why no

here because when we return we'll take a look at the state of the global economy with professor richard wolf and what a potentially huge coverage could look like as we go to break here the numbers that the. math guys are financial survival guide liquid assets not those that you can convert into caste point is really. to keep in mind no as if i'm into a place to watch guys or board. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being led to. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or remain in the shallowness. the coronavirus pandemic has impacted all countries around the world both rich and even developed all the world has been completely disrupted with global shutdowns some countries begin to cautiously ease their restrictions with so much information of the one $900.00 still unknown it's nearly impossible to project the recovery time well the international monetary fund predicted that the global economy could shrink by

here because when we return we'll take a look at the state of the global economy with professor richard wolf and what a potential you shaped recovery could look like as we go to break here the numbers up above. you're sitting somewhere i. guess let's see i guess. i was on the floor some things in my basket and you know trying praying. yes it's time for us to die worms i was having chilling fever i didn't have any sense of ceaseless now from the most you know the words world would you. recently she was under the old you to. comedy song. by her didn't. push myself to the full me in the 5 am local time. people are really remarking that 2020 is a mirror image of 2008 it's the exact same problem banks over leverage blew themselves up and are now demanding a bailout at the point of a gun from the fed and other central banks and except this time the dislocation in the economy combined with the coronavirus is so great that we've tripped over into medieval ism that's how messed up this. is a story about what happens austria stray bullets kills a young girl in the streets. what happens to her family a

here because when we return we'll take a look at the state of the global economy with professor richard wolf and what a potentially you keep recovering could look like as we go to break here the numbers at the. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. dramatic to follow only. very. time to sit down and talk. people are really remarking that 2020 is a mirror image of 2008 it's the exact same problem banks blew themselves up in are now demanding a bailout at the point of a gun from the fed and other central banks and except this time the dislocation in the economy combined with the coronavirus is so great. this. is a story about. stray bullets kills young in the streets. what happens to. the mother daughter is. 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 than him and what happens in court. shop smart. revealed. we don't know this is true because. we. know churches. is you'll be a reflection of reality. in a

put together a great show for you tonight on tonight's episode lee camp sits down with economist richard wolfe professor emeritus of economics at university of massachusetts amherst and formerly a professor of economics at yale and the new school among others he's also the founder of democracy at work and host of economic update on you tube and they have a very interesting conversation about workers strikes then i go into aggressive policing and rejected correspondent some fact checking on voting but 1st let's go to that discussion between camp and richard will professor wove thank you so much for joining me my pleasure i'm really glad to be here i don't know anyone better than you to diagnose the problems right now we're looking at an economic crisis possibly 30 percent unemployed people suffering across the country and around the world if only someone had told us that such a crisis might happen if only there had been some kind of warning signs but instead no one could see that capitalism would have such a problem is that right. well as a fuel cost but basically you're right the consensus was

together a great show for you tonight on tonight's episode leigh cam sits down with economist richard wolfe professor emeritus of economics at university of massachusetts amber and formerly a professor of economics at yale and the new school among others he's also the founder of democracy at work and host of economic update on you tube and they have a very interesting conversation about workers strikes then i go into aggressive policing and rejected correspondent enters we does some.

here to give us some insight on the impact of these tariff exemptions and that would be professor richard wolfe host of economic update and author of understanding socialism now professor wolf we've talked about sanctions relief in the past year on the show with you how big of a deal is it to remove all of these economic barriers including tariffs when we're dealing with this pandemic. it is like so much of the policy we're watching 3 way too little and way to really channel not make a significant difference this year and with our economic meltdown as do your previous guest made it very clear. what he's done now and so this is just a bigger action 10 meisters. i think it's a there's if it's done to look like you're doing something really is more theatrical and that is. our problem and now professor wolf what we're also seeing as expected manufacturing activity basically grind to a halt throughout the world a series of purchasing managers index is surveys on wednesday showed steep declines in germany and japan for the month of march now the u.s. was also down as well which was to be expected tha

says this is a move that's being widely condemned so joining us now to discuss this professor richard wolf he is professor of economics and international affairs and co-founder of democracy at work now professor the central bank was really quick to slam this move as a fraudulent seizure and venezuelan foreign minister jorge arriaga he tweeted this he said the central bank of venezuela denounces the vulgar dispossession the donald trump in complicity with some lawmakers from the national assembly in contempt order regarding the net the nation's financial resources which had been blocked at citibank now professor the venezuelan central bank had been blacklisted back in 2019 so what is the legality of the federal reserve. and foreign assets do we have precedent for this. and it's clearly are not there are attempts in the middle of a global pandemic to range the kinds of sanctions that you're imposing i would hope for people that either and people like pope francis and others around the world have said that this is a prime to reduce sanction in the interests of global health and here is the un

it's purely the way this system favors girls that that is governing what's happening professor richard wolfe host of economic up day and of course author of understanding socialism thank you so much for your insight we'll have you back soon to talk about this. thank you brant glad to be here. as the total number of cases of the coronavirus has no eclipse 2000000 worldwide let's take another look at the spread of the crowbars globally with r t correspondent sorry traveler sorry what's happening today brenda 2nd week of april marks the deadliest week since the pandemic arrived in the u.s. 3 months ago and now more than 2000000 cases have been reported globally and the u.s. accounts for about 30 percent of those cases with the more than $600000.00 nationwide and but at the beginning of this pandemic we all looked at china china right dealing with the outbreak and at the time it seemed to be completely out of control but 2 months later the situation is very different right now after aggressive testing and quarantine efforts that were mandated by china and numerous other countries around the worl

the struggling airline industry and what the future may hold in store we're joined by professor richard wolfe host of economic update and author of understanding socialism 1st of all thank you for being here as always now we've discussed this recently that the airline industry was one of the 1st with their hands out when this pandemic hit and to be honest maybe rightfully so they were very hard immediately but what do you make of the current state of things as travel has nearly grounded to a halt. well i think you face a number of fundamental problems here 1st you have an industry that you know absolutely nothing to prepare for this you know we have had viruses book for and we know about how they spread had they been a responsible industry they would have taken some of the enormous profits they made in recent years partly because of the tax cut of 2017 odd because of the bailouts 10 years ago and they would have been able to stop the kinds of the equipment that could make the plane safe they didn't do that and now they want even the passenger or the workers to come back into an unsafe environ

put together a great show for you tonight on tonight's episode lee camp sits down with economist richard wolfe professor emeritus of.

situation for tens of millions of people around the world it really is and we spoke with a professor richard wolfe yesterday who talked about the great depression and let's not forget these numbers are close to that he also said to remind people that the great depression did not recover the economy did not recover from the great depression it's right for 11 years it's a very long time it's a very sad time and it's scary pretty much but you know we have to keep an eye and do what we can to help and recover from from all of this and as we have been so blessed co-host ben swan thank you for your time with us so. that's it for this time you can catch boom bust on demand on the brand new portable t.v. app available on smartphones through google play and the apple app store by searching portable t.v. or stream must buy your t.v. by downloading the portable t.v. app on apple t.v. and online as part of the t.v. as always check us out on you tube dot com slash boom bust our teeth we'll see you next time. this is a story about what happens auster a stray bullet kills a young girl in the streets. what happen

put together a great show for you tonight on tonight's episode lee cam sits down with economist richard wolfe professor emeritus of economics at university of massachusetts amber and formerly a professor of economics at yale and the new school among others he's also the founder of democracy at work and host of economic update on you tube and they have a very interesting conversation about workers strikes then i go into aggressive policing and redacted correspondent.

richard though thank you very much wolf. well spain's prime minister is expected to present a plan for restrictions to be further eased children were allowed outside to play for the 1st time in 5 weeks a couple of days ago despite the nationwide lockdown spaniards have been hit hard with $23000.00 deaths and close to a quarter of a 1000000 infections joining us now from madrid this month or so martin where is the cabinet now heading on the issue of phase 2 of the lockdown. well the cabinet is right now in the meeting and they will the will pass on the the proposal of deescalating plan we have to remember that spain after after these standing trend of the curve of the people of the number of people infected after consecutive weeks has entered the 2nd phase of the state of emergency lockdown we saw how these past week and children under 14 were allowed to go out for a walk already announce that next week and we will have adult being able to exercise for one hour or to go for a walk and today on the most important is the 5 prim