11 Burst results for "Eighty Seven Trillion Dollars"
"eighty seven trillion dollars" Discussed on Ron Paul Liberty Report
"Pain you could just have moderate to high inflation and that we believe the fed has for sure set into motion. That is absolutely right. And i think what we're going to see though in this transition we can't predict because i don't think we've ever been at this spot. We're in right now because You know when when they'd run into a problem. The economy is turning down. They need something. They kept lowering industries and for longtime They got away with that. And then they'd bump it up and have have a mini recession. Got bigger and bigger and then when work and finally in the year two thousand with the conclusion of the housing bobble they were. It was in a lot of trouble so that was when the qe started and at the time The global death at that time you know the sovereign debt when you add it up. It was huge. It was eighty seven trillion dollars. And they worried about that and how to do it. But but They had it on the books and long as the dollar was strong and they would. The dollar managers could take care of it. That was fine. But now there's another problem in the imf yellen just announced. You know what they're what they're after. Want the imf to do in. That is to monetize that they want the imf to start getting the special drawing rights which sit around there and there is absolutely international and some people they think they can make an international currency out of which they can. That's that's not going to happen. Even though the fed wholesome gold and a few other thing that can't happen but the problem is is they're going to exchange str's for sovereign debt. We're countries are bankrupt and no argument is. Oh we're going to do this. Because there's a lot of poor countries of live beyond their me and we're going to help the indigent in third world nation which is a bunch of baloney. They're going to have they. Were gonna try to prevent some of us from becoming third world countries by bailing them out with s. The are the global debt now went from eighty seven trillion dollars to two hundred and eighty one trillion dollars and here. They're saying that We're we're going to start off with a five hundred billion dollars a year of creating these. Str's out of thin air where they can exchange for sovereign debt and pretend that the str's representing more wealth than some of the sovereign debt. And there'll be a time when You know people even with dollars would rather have something of that. And i think that's why they're looking for alternate currencies around the world and this. This is something that its way out of control and won't work..
"eighty seven trillion dollars" Discussed on Talking Politics
"Old Industries and they have become in the last ten years have reached maturity their cost down you're getting scale. So that's a big positive for their advance, but if the overall scale of the energy system and kind of missing technologies that are there to get from here to there. So I think directionally it's very clear where the world is going. Question is how fast can go their average car in the United States days on The road for twelve years. So it's kind of being realistic and see that I think the real answers is going to be not policy but technology but let me say what makes this energy transition different from all others is you have such a strong weight of government policy, government incentives, regulation subsidies, and you have what you alluded to that very strong activism deeply among millennials about it. So that will accelerate things but I think there's GotTa be batteries there needs to be perhaps hydrogen will play an important role to support wasn't eighty seven, trillion dollar economy. Carbon capture is something that's really important when you look at the elements and then I think we all can reflect because of Cohen experienced digitalization. Hello digitalization really changed how we live how we were how we traveled and will that be disruptive technology. You know the reason I called the book the new map is. The terrain changed. So dramatically over ten years from shale to falling cost of solar to we talk about US China and what I say is energy era before Paris, and after Paris, which is Paris climate conference, all those things happen lot of surprises and now covert. So I think they'll be further surprises and surprises could be very positive in terms of technology just don't see them. Now I think the to constance that are there one is climate will just become a more and more important issue. Too I think this clash of nations which seemed to have been relegated to the past with the end of the Cold War is something that will rise in tempo and we may be talking about new cold wars which would not have been thought of five or six years ago. So the basic thing is understanding scale at how pervasive energy is it's not just the motor car garage. I was just GonNa ask you about the map question actually in relation to Paris you describe. Other things going on insignificant part amount that shaped by China's rise and that changes. Russia's market changes the Middle East has conserve consequences and then into that comes the American Child Boo I'm not has profound implications Fulda map to now one way to think about it. Then we'll be decide which kind of I thought you were alluding to with the Paris accord on the fact that that was for the first time serious agreement between the United States on China about the climate that the map fundamentally changed to gain in. As you suggested, early, changed to China's advantage because they advantage that China already had in certain renewable sexes on doubling down in committing to made in China two thousand. Twenty five and then trump came along and pull the united. States out of the Paris echoed. So you could say the American side of that fallaway but is it the case that we're now living both with the china-made and then shell remade gay and then? Parallel. If you like as emerged rounded since the US John Gone cooperating over climate and if Joe Botanist to win mark them be restored by Joe Biden. Always it that they. Climate Map is going to come in time to replace the map. China Shell might. Irene I constructed poke around series of metaphorical maps. America's Map China's Matt brushes map maps in the Middle East, of course, which in the past would have. Had, much more dramatic impact on markets than it does now. Because of shale and then roadmap to the future, and then as you say climate map and I think trump on first things he did was begin to get out of the Paris climate agreement, which is extraordinary to have one, hundred, ninety, five nations. Agreed to it and I think since it was signed, what's happened is just become more and more embedded in government policies, investor attitudes, company strategies, but Biden would get back in it and would be right back in the center of it. It was interesting at the United Nations where President Xi Jinping of China's announced a China's that the goal of be net carbon zero by twenty sixty and I think that was a message in opposition to where the trump administration is, and also to kind of say, we're going to be a global leader and China does produce now. Charter Heaven and the new map is twenty nine percent of co two emissions. It's going to be a challenge for China because half the world's solar, half the world's wind is in China half the world's electric cars in China. China's also building three new coal-fired plants a month and needs to deliver economic growth. So. I think it all comes together that the direction is pretty clear. The pressures are there, but it's more complicated and has more pieces to when you have a global economy this scale and you do have nations cooperating not cooperating you know I would say one thing that tells you how the world has changed. We had the financial crisis in two, thousand, eight, two, thousand, nine, the g twenty, the nations of the World Really Cooperative to solve it look at what's happened in terms of dealing or not dealing with covert and the lack of international cooperation and that has been bad for dealing with the disease. It's also bad for the international order that was done on such a nationalistic basis. A symptom of a Malays in global politics today. And one very last question, which is so you talked about this energy transition. One thing that's different about is the both the pressure from political activism. Particularly, the millennial generation also just panoply of government incentives, regulations and your state intervention. But you also do say that no huge amount depends on consumer behavior it's not just about production. It is about people changing patterns of consumption uncovered may accelerate that may not, but do you think that's the biggest challenge because that's not so obviously amenable either to activism or to regulation. I think that's right at the end of the day automakers make low-carbon or they can make electric cars. Questions does the public want to buy the? I think that is one example that's why I say digitalization it is striking how I think last January January twenty twenty say the so many people at home and people would all be connecting Justa digitally and newspapers would be put out with almost no one in the newsroom. You'd say that just not possible but we've seen how that can happen. So I, think at the end of the day does depend upon consumers it depends upon the public because they're the people who use energy and what they do in their daily lives will shape in the small things and the big things and so was we come out of covert and go back. I'd be careful about generalizing about what's going to happen when we come.
"eighty seven trillion dollars" Discussed on Houston Matters
"Year. The major international companies have on average cut their budgets by thirty percent, the larger independents by fifty percents or more. So activities way down that's been a big hit on jobs, and of course, shale had really generated millions of new jobs in the United States. So it's had adverse economic consequences and it's come at the same time as there's discussion of energy transition and increasing pressure from investors, asking what your strategy in terms of the Paris climate agreement goals and so forth. So I think a lot of pressure on the oil and. Industry made worse by what's happened to prices and part of their issues that they have with investors is because of where prices are there's no return to investor's, and so you have to kind of energy transition climate pressures on companies, but you also just have the pressure of low prices and you know those together have come back to have a big impact on the value of these companies. But I think when people talk about the energy transition, sometimes they lose sight of the scale of the energy industry what you need to support a an eighty seven, trillion dollar world economy, and they assume that all the technologies are there that somehow wind and solar going to replace oil will wind and solar. Don't do anything for gasoline they don't do anything transportation in less everybody's driving an electric car. So I think people need what I try and do the new map is to see this not. How these pieces fit together and kind of separate Kinda, the language in the you know aspirations from the reality system have to ask you this because I am in Houston and Houston economy has long been tied to oil and gas, and also the city has a goal to become carbon neutral by twenty fifty. Do you think Houston will remain the energy capital through the transition I. think that Houston's great strength is strengths as a energy technology center and as an entrepreneurial city where people start things and do things and I think you know what you say if you really think we'll what do you need for? Energy transition it's really not gonna be just regulations or rhetoric our policies you're going to need technologies. You'RE GONNA need innovations, and I think that's a strength that Houston has and channeling that from oil and gas into the broader world of energy can keep Houston at the forefront because it starts with a foundation in the energy area that no other city in the world has and that's a great strength. Why Call Your New Book? The new map it was because it became apparent to me that. So many things had changed over the last ten years and there was some need to with together and by the new map I. Really, bent the new math of energy and chill politics because energy is very tied up which you politics not only what happens the United States but US relations with China what's happening with Russia and the Middle East and it's really like this whole new terrain and what I wanted to do with the new map was literally provided math of framework for making way and understanding this new terrain and where we're going into a into a changing energy world author and energy expert. Daniel. Yergin. His new book is the new map energy climate and the clash of nations he spoke with news eighty, eight, seven energy reporter Kyra Buckley. Some area movie theaters are open, but the pandemics keeping most of the audience away. So local cinema owners and even film critics are finding creative ways to keep their industry alive. Until we're back in our seats examples ahead is Houston matters.
"eighty seven trillion dollars" Discussed on GrowthBusters
"I'd like to try to put this in very practical policy terms. Because if you don't have policy that fits that magical vision. I'm afraid that magical. Vision is going to get polluted eclipsed and we recognize that we have a number of policies in the federal tax codes in the federal budget at the Fed policies that are designed to grow the GDP population and per capita production and consumption of goods and services. And so I think if we're going to get serious about the message from planning of the humans we must get at those policies that lead us into the directions that you saw manifesting in that documentary and I think the place to start in very practical terms once again is the employment act or as as it was amended in one thousand nine hundred seventy eight the full employment and Balanced Growth Act. That's what really got the United States into the gross game and Christine and Eric boasts talked about capitalism and of course we have to recognize the shortcomings of capitalism. But and especially some notion of a laissez faire free market capitalism but on the other hand. It's not just about capitalist. It's about the very practical national goal for most nations of the world pursuing GDP gross from the most capitalist to the most communist in the Soviet Union. They hit limits to growth in the last quarter of the twentieth century and they trashed half of Eastern Europe and Russia. What's now Russia and Soviet Asia and the process. And so you know the American constitution. It's not all about capitalism. It's it establishes a capitalist democracy and I think the key is we have to have a balance of democratically derived in mental protections and regulations that that amount to a smart democratic writer of that capitalist horse but we can't centrally plan everything that happens in the economy you know we have to put caps on energy extraction and energy use and that's a huge step right away to a steady state economy and then at some point you know. It's clear that the current twenty one trillion dollar or what was at the end of twenty thousand nine hundred twenty one trillion dollar American economy in an eighty seven trillion dollar global economy. That's not going to be sustainable in the long run and so there will be in the twenty first century needs for growth back down to a sustainable steady state economy and I think we can accomplish this in policy terms. We can get a long way there. By completely amending and in large part replacing the full employment balanced gross act just to piggyback on. What you're saying. I think there's attention and maybe this is where the fracture is that were bad. I was talking about. Between in academic and within and without academic circles is known as Eko modernism versus de growth and the Eagle modernists seem to have the floor right now at who are proposing sort of a technological utopia where the economy still grows? And we still have all of this technology that we love to have right now and we're still having all of these Basically much of it entertainment and frivolous sort of activities and parts of our society. That really just are not sustainable. Whereas the people who subscribe to de growth like you're talking about are looking toward a more circular economy where we have cradle to cradle technologies in where there are limits to growth and we are actually shrinking certain sectors of our economy and our society and as a matter of fact. Amsterdam within this pandemic has just adopted what they call the doughnut economy and it's more sustainable circular type of economy and I think what we found. Is that the people who sort of responded well toward planet of the humans are the growth factor. Who realized that we cannot continue consuming? The way we do our economy cannot continue to grow the way it does. There are limits there. I've heard people say we all want to slice of the Pie and then some people say we don't all need to unequal slice because it keeps growing well if the pie is the earth and the Earth's resources that does not keep growing and so it's pretty clear now with all of the aspects of our ecology that are collapsing that we cannot continue with this growth. However the echo modernists believes. Somehow we are going to decouple our technology from the Basic Laws of physics and chemistry and biology and that we will sort of technology our way I can use that as a verb into maintaining a growth lifestyle and none of it has proven scientifically accurate. But I think that's where we're seeing this fracture and I think the de Growth Movement is much larger in Europe. And I think it's something that I think there's A. There's a silent maybe majority or minority here in America who are very interested in in that. But I don't think we have voice that I don't think we have the political tower power right now and I would blame it on media and on our political system in our social system. But I think it's something we need to adopt. I'm really pretty amazed that the we seem to be more ready for that conversation than I thought we ever were going to be. It seemed like we were so stuck for so long and so I see a lot of signs of hope. Want to back on a couple of things that both of these said real quick for small Brian of course economic policy is so fundamental to this. Because we really absolutely have got to get economic policy that doesn't chase. Gdp growth anymore but actually measures wellbeing and considers wellbeing the goal and the metric. And I think we're seeing some signs kind of getting an example of that a little bit during the Cova shut down because there's not that much discussion of there's only a few people really watching do. Gdp most of the news reports. I'm seeing are really about healthy. Polar doing you know how people are navigating this and surviving. This and I think we need to see more of that and then Christine mentioned technology and yeah decoupling Erica. And I've called it decoupling. Nonsense on growth busters podcasts. There's been a little bit of decoupling but but not that much and to bet the farm on technology I WANNA remind people who are old enough to rich. I've heard of it civil rights law which was coined by Eric override. Who was a really great newscaster alive before many of you are born? I'm sure his law was the chief cause of problems is solutions and technology really has a lousy track record when you think about it. Technology gave us. Ddt deliver s best as Malathion on the forever chemical in Teflon outdoor gear in firefighting Foam Fukushima. Love.
"eighty seven trillion dollars" Discussed on Rob Has a Podcast
"Man. And we've got a lot of stuff to talk about. I just want to mention again. The News Af Best of twenty nine thousand nine hundred special people really enjoyed hearing all the highlights from twenty one thousand nine here on news af that is up. Rob Has a website dot com also. There's a soundcloud playlists go to rob sitcoms slash news AF twenty thousand nine hundred to hear all of the clips include the ones. That didn't even make such a big year in two thousand nine hundred that we couldn't fit all of the best of clips into one episode. So you can hear the entire soundcloud playlist. So Danny you have even more to do with your family today. Over New Year's it's my wife's birthday. What better way to celebrate the forgotten that because that was always the challenge was getting people to come to celebrate? Liz's birthday on a day when everybody just wants to celebrate the New Year not try the next day. Yeah exactly. They're all out buying their. Jim Passes Right now. Thank you party. Yeah Peleton get in there all right so with the new year on the horizon. It's also time for the consumer electron show to return to Las Vegas. See Twenty twenty is around the corner and of course the cutting edge of news news and all of the big new tech inventions. Let's do our C. E. S. preview and there are going to be a ton of new devices that are going to be available and necessary parts of life. Danny now are you a big consumer electronics. onyx Guy Danny. I went once a couple of years ago and I gotta be honest a little disappointed because thought to do was how and I found out that at the future was not now and that We weren't making the league or that I was expecting I wanted to see people on Hover bots with jet axe with roble. Noble at serving milkshakes and not I came to be when I went. I've always kind of been disappointed. I've been a couple times. Yes and it's always the year of pornography there whether it's VR or sex box or whatever there's always like the longest lines the most interest and then one of the years I went. It was the year of drowns every single booth had some type of drone. And it's like a weird the thing 'cause you wander around and you're like I didn't know that massage chairs were that big a deal but people walking around. CBS Love Massage Chair. So there's tons of massage chair booths and then there. I've been a couple of times and both years. It was so similar. And then there's like the one thing where you go in. And there's like eight K.. I think the first eight K. T. V. ever displayed A. See as. Easterly Blind. When you see a yeah exactly it costs like it was sixteen inch tate? Gay TV that cost eighty seven trillion dollars more your firstborn firstborn is not a bad deal. I The people are talking about seven trillion dollars trick is eat in the firstborn to to work if you can get that kid out there in the factory with nimble symbol fingers putting together those. TV's then maybe you'll get some money back but might none of my kids would do that. Yeah do you think it's genetic that are. They genetically disposed to dislike work. Or is that a thing that you say nature versus nurture. This is is going to be right in the middle. So one of the hot gadgets that are going to be showcased based at CAS is a pizza cooking. A robot are you know. There's it's not multi-purpose yet that that that has not as of right now. You know it's back like in the old days we used to have a camera and a cell phone and GPS yes and before they could put it all in one device home robot you have to have multiple gives them a vacuum cleaning robot you have to have a pizza making robot they have not yet combined all the robots Tyson. Okay so you don't get what's the what's The lady. The jetsons crows the Tyson implying. That George Jetson had an inappropriate relationship with no Z. I'm just saying cooking cleaning. She did everything for them. So we're not Jane Jetson look the other way about Rosie was pure pure of heart. Your friend she had a boyfriend who was a different robot. Yeah of course. She did a lot about this show. Yeah well we have kids. You're like what you're the jets. Yeah I was GONNA say your kids are watching the jetson boomerang APP yeah I'm Boomerang. TV v they have all the old jetsons burdens watched it a couple times. Yeah so anyways the jetsons nothing so far we don't live in space houses that are on one single giant stilt. Yeah up in the sky. We don't have flying cars. The Earth was so polluted that they had to then a make a house in the sky that you could live above all the pollution. Why they did? That is a story line. And a lot of Scifi like the rich people live above yes Siddiq toxic cloud. While all the peasants I live in squalor below then on the jetsons go and visit what was going on down down on the surface. A.
"eighty seven trillion dollars" Discussed on WMAL 630AM
"But that was done and it was delicious let me just say it was it was delicious a a great was a long weekend and it felt like a long weekend and and now it Sir now we're back to a short work week it's a four day work we can instead it's Tuesday and the Democrats are still crazy as I said did I suggest on Friday before I left that when I came back on Tuesday that everyone would still be crazy I should have because I'd look like Nostradamus now everybody still crazy these people are completely cookie they're not so we got a list with worn out there we got Bernie Sanders yeah I bring that up president trump the big hurricane of course hurricane Dorian and now it's apparently not gonna hit Florida just brush Florida maybe and it was going to kill Florida was going to say was gonna smash across the middle of Florida go out into the Gulf coast and and ravaged the Gulf states and Alabama and Louisiana and Texas everybody look out the panhandle of Florida they were gonna be pounded after the giant hurricane Dorian pounded across the state of Florida and now it may kind of brush the state of Florida it may go up the coast to the Georgia and Carolinas and. and then again it may while we're waiting to see but I saw I was watching MSNBC this morning and you know what they said they lie all the time they lie about everything they even lie about the weather on MSNBC and this Joe Scarborough guy with his bleach blonde blue fund the lost your board sister there he he actually said they went to their weather guy who's kind of rolling his eyes and throwing his hands up like yeah I kept saying it was going to do this and now it's not going to and about about about about and and they're gonna be so well you know you guys you would look we said all along that this one was going to be impossible to predict. and I was right what when did you say that all along I don't think you said that all along nobody said that all along nobody said that at all you you're just you're making up fake stuff to cover up your getting the hurricane wrong it's okay it's a hurricane it does what it wants just because you guys had colorful graphics made up showing it hit hit hitting the state of Florida doesn't mean it's going to go it is not watching cable the hurricane and it doesn't mean it's going to the state of Florida so it looks like it's not perhaps going to hit the state of Florida that's a good thing and and now and M. S. N. B. C. N. B. C. news they just make stuff up no I can we always said this one was going to be real hard to predict and that and then I got political crazy stuff because the president talked about Alabama being up there like we never said that no actually it did here it is it's right there on the internet are you saying that just a couple of days ago we never said that and it's they they just lie when they know they're going to get one quick Google search duck duck go search and you can find that they're lying it but they don't care they go ahead lie anyway because I figure most people are going to look it up a lot of themselves a honestly as I've said before when they're sitting quietly in a moment of silence they're lying silently to themselves when they're sitting in their own cars usually in the backseat with us somebody from another country driving sitting in the backseat by themselves and then they're not texting for a moment they sit there and they quietly lie there thinking about their next life that's just your bro and and make a present skin MSNBC and the the whole gang it's quite remarkable that was it this is Elizabeth Warren now she says she says that the rich are going to pay for free universal child care universal pre K. higher teachers salaries higher teachers salaries the teachers unions funneled millions and millions of dollars to Democrats every year so they love to say that they're gonna get a pay raise because it's a crooked circle fast you know what you say you're going to funnel money to us and that will funnel money to you it's taxpayer money to sentence taxpayer money to you and it's very corrupt it's it's that FDR was opposed to this sort of thing I don't think he was that was the. what was he in all right guy that I. F. E. R. I think it was an all right get. as with Warren saying that now she's going to tax the rich and the rich will pay for universal child care for universal pre K. for higher teachers salaries to pay off all student loans student loan forgiveness and free college and then Bernie Sanders says that he's going to pay off everybody's medical debt in the whole country I think that's another eighty seven trillion dollars or something like that and whatever the number is he doesn't know he doesn't care he just makes and saying promises that somebody else these rich people not you are going to pay for everything and everything is going to be free say free it's going to be free and here's what you should know there are liars and they're lying to you. that's really the only important stuff on that they they do and they do this all the time these are the important facts okay that they're liars and they're lying and this is just another pack of lies that they're selling over they say that your taxes aren't going to go up Bernie Sanders though he did say to some chinook in as crowd who was who wanted to know what kind of free stuff he was gonna get when Bernie became president and I which is not going to be. and he said that he's going to pay off everybody's medical debt and he said now your taxes are going to go up they said that because it you know he's a communist but that but every now and then he accidentally tells the truth and and he said Bernie Sanders he said well you know what can I mean truth is your taxes are going up but your health care is going to be free which brings us back to PJ o'rourke from thirty five years ago or something who wisely said. way back when if you figure out health care is expensive now just wait let's free and and that's exactly right because they're just gonna take everything from you and then say yeah but it's you know your health care is free pre K. is free on I'm not going to pre K. I don't really care about pre K. and and all this other rod good stuff absolutely absolutely insane stuff these guys another of Jeffrey abstains central figures has vanished without a trace that's what they're saying without a trace Hey modeling agency chief ten who was tasked with securing under age girls for the friends of Jeffrey upstate and of course for Jeffrey obscene himself for Jeffrey abstains friends anyway and I I ninety nine out of a hundred are hard core Democrats and known Democrat names but never mind that that's not important but the founder of a modeling agency believed by authorities to possess key information about convicted pedophile while Jeffrey abstain the daily wire reports has now gone missing as law enforcement officials that desperately search for his whereabouts Gianluca bread now seventy two years old has vanished as police seek to ask the Frenchman urgent questions about the paedophile sees French and a you know in France I think this is okay let me check on the can we go to the to the fact check room is it is pedophile you okay in France or is that because I think that's where Roman Polanski's I hang out is that we're Roman play and is it a child rapist he actually did what they accuse Brett Kavanaugh of doing Brett Kavanaugh didn't do it but their hero Roman Polanski you've got a standing ovation from Meryl Streep and Harvey Weinstein at the Oscars he drugged with quaaludes no less a thirteen year old girl and repeatedly raped her and and and then he fled the country when he was gonna. and and they still he he was being praised at another Film Festival in Venice over the weekend and Spike Lee was there and and Nate Parker and these guys and their they they love their rapists they really do this is I mean this is the the sensibilities of the leaders of our culture on display ugh I should get to those two at the Venice Film Festival where this Nick Parker guy he's on the lam because of well he's out on the limb he's been banished from the business because he's accused of rape right is big filmmaker Hollywood filmmaker and and that's okay basically with Hollywood or does he make good films because as you know Roman Polanski quaaludes thirteen year old girl hot tubs champagne serial rape and on the lam standing ovations they that was that like well he's an artiste is it all tour he he he's he's beyond the rules of man of mortal man that's what Hollywood actually believes that's why Harvey Weinstein and Matt Lauer and the whole gang got away with it for so long so a lot of stuff to do a lot of stuff to get into and good stuff too Hey see is completely out of my mind and and of course I on a Presley as well these crazy people be they these these horse women or whatever they are the apocalyptic loans they love mask terrorists attacking people in mobs day I see and I am a present happen there was the straight pride parade over the weekend in Boston and that is a terrible thing that's a hit parade don't you know because of you say you're straight that's that Tate if you're like trans confused then your hero of the revolution if you're straight and by the way who was the grand marshal of the group of those straight pride parade in Boston who was it you know it was my lawyer novelist that's what my opinion hapless was there who is. I think would be fair to say very gay he's very gay he's Jewish and he's an immigrant and Democrats dispositive because they're they're homophobes they are in it immigrant to focus and their anti Semites so we know that they're anti Semites not all that so we've got a bunch of the the the the crazy people of the apocalypse what to call me the death to America squad there like a death squad it's kind of you know the nineteen eighties the death squads and other these are the these are like the death to America squad is they chant they love Iran and and communism and hate America so they and their Democrat members of Congress in good standing with the Democratic Party and the media but I repeat myself. there was a great story and and but my my life my wonderful wife I still my very best girl. over the weekend to ponder fun article fun letter to the editor actually in The Washington Post on its it's it was it was laptop not as look it's this is one of those things look what they've done to their people I have I have I given out the phone number I don't think I have we're at eight eight eight six three zero nine six two five eight eight eight six three oh nine six two five is the telephone number here eight there we got goods Sir hand was.
"eighty seven trillion dollars" Discussed on Black Agenda Radio
"The last. Ascension, and then was flooded with three money by the central banks. The Federal Reserve here in the United States and the central banks in Europe flooded with money, which it then used to further in debt the rest of society. There seems to be to put it simplistically a choice to be made you can allow the financial class to foreclose on the rest of society or the rest of society can foreclose on them. That's right. That's a wonderful way to put it. And I think that those are the options with faced with and of course, you know, as I mentioned in the beginning, the Democrats, and certainly the Hillary Clinton Barack Obama side of the Democrats are the party of World War. That's what the Ukrainian who they talk led by the US was all about that is what Hillary's proposal for the no fly zone over Syria was all about even though the Russians were already there. And that's what they're proposed intensification of military action on the Korean peninsula was all about they were threatening World War that has been step back somewhat. But no one can openly predict totally what outcomes are but this retreat back into. Mesic struggle over poverty or steroid-free jobs infrastructure being in France of being in Italy a bit in the United States is the sand point of the people the alternative to war, which is in a lot of ways the export of contradictions abroad. I think what we're looking at is the opposite. And I think the way I read what people are saying and the mass sentiment that people are saying, they don't want war. They want a settlement of their problems with the ruling elites of their own countries. And in this country. It's very obvious to me. Yes, it is really clear and the polls show that the public isn't in Z Aston buying into this Russia gate scenario, which is of course, the gym dumped by the Democrats. But. But nevertheless, we see Nancy Pelosi sticking with a pay as you go policy that affectively would stop any democratic of salt on austerity while at the same time baking those let's get up with Russia noises. Yeah. And you know, the Nancy Pelosi's or the Donald Trump's will not decide this matter. It is the people who will. And I think it was the people who decided the twenty sixteen election in spite of what the posters were saying. And I think in a very interesting way twenty eighteen was not the blue sweep that was predicted or was hoped for which means that the people remain where they weren't twenty sixteen Lee are totally unpopular. Hey, and that includes the banks and the financial. Garki? It includes the academic professional. I mean, just the whole system of rule in this country is in crisis. And there is no center to bring for maybe the politicians can come together. But at the level of the masses, there's no center that they are satisfied with. So here we are. So here we are. And where is then I think we're on the cusp of what might be a complete collapse of the system, we've mentioned a hundred and eighty seven trillion dollars of debt among the mainly the advanced capitalist countries, we mentioned a steady and growing poverty, it might be as high as fifty percent of the American people the American working class in particular live in poverty. I think we're looking at a systemic collapse the Neo liberal order. Is now unraveling the unraveling of the Neo liberal order brings with it the unraveling of American empire, I often called it a imprio- retrieve this is where we are. Now. Of course, is there a list of an evaluation in the United States. I would answer that by saying no is it possible to build a left under these conditions..
"eighty seven trillion dollars" Discussed on Black Agenda Radio
"The people are angry and deeply angry at all of the elites be they in the house of representatives or the media or academia or the corporate board rooms the population is angry. It's about the take matters into its own hands. I would say in terms of the option of World War on the weaponize dollar front the United States caused the arrest. They top official of China's biggest electron IX firm, and there's been a tit-for-tat what's the level of conflict here. I think it's a high level of conflict. And I think that that is going to have to be resolved quickly. Indeed, China is a major competitor are the two economies about the same size at this point. And certainly by twenty twenty. Twenty twenty one of their bouts China would be the largest economy in the world. But you know, that to me that's not tell the whole story because a lot of popular unrest. That is weeping the west your American world, China's not exempt from noise India, I think that with booking at an end to the Neo liberal world order China cannot be champion without already upon its own people. And then, of course, the normal process of levelling, which comes as a result of number recession. We've been ten years in this current cycle. And I think is coming to an end. But here we have as I think our team reported a hundred and eighty seven trillion dollars of debt in the world. Even though how you get your head around that or how you manage that. Or what that means in the midst of? A recession will that debt? Bring the global financial system down in the way was almost brought down and twenty eight that cigarette result twice as much as the world gross product. That is the value of the all the goods and services made by all the people of the earth. That's right. The eight trillion dollars or so that is the wealth the measure of the wealth income and other things in the global economy is less than one half of what the debt is. Now. Of course, that is a measure this debt is a measure of the power of the financial oligarchy this one tenth of one percent of the human population who control almost everything. Yes. That is the way that we should see it. These are seized SNL or assets that the financial class has. Claims on. That's right. And, you know, something I don't know that the world system, and it's modern it ration- has ever experienced the type of contradictions that we have in the world today, and to put it another way the crisis is comprehensive and total. It is affecting every area of human life, especially in the west, and it's not just economic. It's social it's civilizational. It is a fact ING the human personality the psychology of individuals. This is a total crisis. And ultimately, it can only be resolved through a change of systems. Now will that occur? It. It's hard to say could we enter into eight prolong dark ages. Yes, very probably could. Could it be something similar to seventeen eighty nine in France where popular uprising overthrew the old regime, and then political parties emerged out of that popular uprising rather than what some of us always thought that the popular masses would be led to revolutionary change by a vanguard that was probably romanticizing of the Russian revolution. But certainly the popular masses are not going to go back home anytime soon, they have glimpsed something of their potential power. And I think they're gonna look for most people ways to use it against the elites and their class and race enemies. Just looking at the debt situation, we see a scenario where a financial class, which became even more consolidated during.
"eighty seven trillion dollars" Discussed on CRYPTO 101
"So I mean, it only really has one way to go, and that's up relative to all this currency. So it's just a matter of time, and we're only a decade into this. I mean, I got a multi decade plan or vision for how this stuff is going to play out. So I mean day trading this and getting whipsawed around by your emotions you now that you're just going to get wrecked. If you'll let that happen who do you expect in the crypto space you've been around for a long time? I one thing I've talked to people about been gun in in two thousand sixteen so the pump and our sitting here now is that. That perception for towards different influences has changed or volved in morphed over that time who is it in the space that you think it was consistent through the whole time. You've been hanging out while I definitely have been. I mean, I've called every major bull run in advance publicly. You know, I wrote an article the rise of the great fourth. Bitcoin bowl. Bitcoin was three hundred eighty eight bucks. I published article December two thousand fifteen then then it June. I said, you know, bitcoin might run to three thousand dollars. This is when it had just barely broken. I think like twelve hundred bucks its previous all time high. I guess I under stated it a little bit. You know? That's usually what I tend to do. But we've had lots of people who've had very consistent voices over the years. Andrea Santa Pulis, Greg Maxwell, Peter. Woah, Adam back, you know, like at the end of the day, this is a technological innovation too. You know, so the price the price is secondary to making sure that the technology is sound and being developed properly in my opinion. And we have all the time in the world to to do the math in the computer science, right? You know into into do the game theory and everything we don't need to rush. Anything? You know, we were hot hours of last resort. We have equity based assets that can't be seized at are limited amount. What do we have to fear? They don't have anything to fear. It's the burning platforms of the ruble's in the Venezuelan boulevard in the US dollars. That's what you have to fear. You know, another two thousand seven two thousand eight, you know, have an eighty seven trillion dollars more. Than we did in two thousand seven that's something you have to fear another credit crisis. And and we don't have interest rates to bring down, you know. So quantitative tightening trying to do, you know, another major nasty two thousand seven two thousand eight is what we have to fear, you know, Bitcoin's a solution to that type of stuff because it's nobody's liability in a strictly limited amount for size. Fifty foot trying to get into a size five shoe. The questions about influencers or people that you respect in this space because Gupta wanna one is positioned itself to be maybe the first out for a lot of people coming into this base. And I think the more they listen to the show the more. They hear the same names coming up they'd here. Andrea Zanjan appaluse. They are going to hear a trace mayor. They're going to hear different people, and they're gonna go. Hey, I'm gonna follow them. He's trustworthy because of consensus and now with consensus with positive influences in the space also needs to be a consensus of negative influences in the size. You have anybody that you would say, hey, when a one guy maybe you wanna take what they're saying with a grain of salt. I mean, I have a hard enough time listening to the people. I respect listening listening to the ones that I don't. I mean, they get muted real quick which appear Rashard and Michael Goldstein over at the noted podcast. They wrote about this how they have a filter bubble or a bitcoin bubble. And so they're they're very quick to mute people on Twitter..
"eighty seven trillion dollars" Discussed on 850 WFTL
"Jodi, hey, how's it going? It's great to have you here. Back in south, Florida. Thanks for stopping by the studio. So it's going to dive right into it. You know, there's a lot of all tilde going out with the markets right now. Well, you know, the markets are moving because of Brexit. Now Brexit is affecting the euro. And the pound what are we doing? QE in the United States. Okay. We are selling back our Vons onto the open market. We do that that's bringing in flex dollars into the US government case that there's a lot of movement going on right now in the forex market. And that's the thing listeners out there. That's what you're looking for in the markets is moving here. That's how you make money in the financial markets. Now, some markets move quicker than others. Some moves slower than others question is, you know, what is the right market for you really to be investing and trading. And now there's a lot of manipulation out there in the financial markets and a lot of people really don't see it or they just don't understand it. So why don't you spend a little bit? You know, kinda how some of the markets could be manipulated, and and as a traitor, you know, how he could benefit from this manipulation. And and really make money from it markets Armenia related easiest one immediate the stock market. And depending upon the stock that, you know, you're interested in if someone has a lot of money they can drive that stock up either down or up. Okay. So if you're interested in stocks our options those are long plays. Okay. Usually hold onto the stock daily. And. Comb, the best asset classes are for X, which is the trading of currencies or futures, which is trading. A futures contracts on usually on commodities or even currencies again for ISIS currencies. It's eighty seven trillion dollar market per day. These are the economies of governments. You're you're looking at right now is the same chart that everybody else sees around the world. Now that gives you an advantage because you're treating with everybody else, for example. I was just talking with a student George George took the class two and a half months ago. He is making a thousand dollars a week life. Yeah. Yeah. So he's he's also a financial adviser. But he sees the importance of having a nother avenue of income another stream of income. She says, okay, I need to learn how to trade. Now. I I always tell students this is going to be some work. Some people were rule based is easier for them to trade because I understand that you have to follow a set of rules probability says you'd go with the market direction. If you go with the flow, go the wave you have a higher probability of making money. Absolutely. And a lot of people out there, you know, they lack rules, they lack strategies, and and that's why people flounder or fail in the financial markets over the long haul. You know, the these banks and institutions, you know, they're not just winging it they have rules. They have parameters they used to get them in and out of the markets. And it's all about having an edge in the financial market. Do you have an edge? Do you have a rules? Do you have plans to get you in and out of the markets? The answer is no what I'm gonna do. Right now. Many twenty passes for half day class on trading for short-term income. They're talking about rules-based trading really putting together. Plan for it to be able to generate income in up markets down markets and sideways markets. Do you wanna learn how you could generate an extra couple of hundred dollars a week an extra couple of grand a week a month gives the call right now you received two passes for both unit..
"eighty seven trillion dollars" Discussed on 850 WFTL
"Jodi Wong was up. Jodi, hey, how's it going? It's great to have you here. Back in south, Florida. Thanks for stopping by the studio. So it's going to dive right into it. You know, there's a lot of all tilde going on with the markets right now. Well, you know, the markets are moving because of Brexit. Now Brexit is affecting the euro. And the pound what are we doing? QE in the United States. Okay. We are selling back our bonds on the open market. We do that that's bringing influx of dollars into the US government case it there's a lot of movement going on right now in the forex market. Okay. And that's the thing listeners out there. That's what you're looking for in the markets is moving here. That's how you make money in the financial markets. Now, some markets move quicker than others some move slower than others question is, you know, what is the right market for you really be investing and trading it. Now, there's a lot of manipulation out there in the financial markets and a lot of people really don't see it or they just don't understand it. So why don't you spend a little bit? You know, kind of how some of the markets could be manipulated and as a traitor. You know, how we could benefit from this manipulation and really make money from it. Markets are manipulated the easiest one immediate Billy. Is the stock market upon the stock that, you know, you're interested in if someone has a lot of money they can drive that stock up either down or up. Okay. So if you're interested in stocks our options those are long plays. Okay. Usually hold onto the stock daily income, the best asset classes are for x which is the trading of currencies or futures, which is trading. A futures contracts on usually on commodities or even currencies again currencies. It's eighty seven trillion dollar market per day. These are the economies of governments your chart that you're looking at right now works is the same chart that everybody else sees around the world. Now that gives you an advantage because you're trading with everybody else. For example. I was just talking with the student George George took the class two and a half months ago. He is making a thousand dollars a week life. Yeah. So he's he's also a financial adviser, but he sees the importance of having a nother avenue of income another stream of income ceases, okay? I need to learn how to trade. Now. I I always tell students this is going to be some work. Some people who are row based is easier for them to trade because they understand you'd have to follow a set of rules probability says if you'd go with the market direction, if you go with the flow, you go the wave you have a higher probability of making money. Absolutely. And a lot of people out there, you know, they lack rules, they lack strategies, and and that's why people flounder fail in the financial markets over the long haul these banks and institutions, you know, they're not just winging it they have rules. They have parameters they use to get them in and out of the markets. And it's all about having an edge in the financial market. Do you have do you have a rules? Do you have plans to get you in and out of the markets? The is no what I'm gonna do right now. Some twenty passes for a half day class on trading for short-term income. They're talking about rules-based trading really putting together a plan for it to be able to generate income in markets down markets and sideways markets. If you wanna learn.