Comments by "" (@tekannon7803) on "Bloomberg Television" channel.

Jeremy Grantham is someone who sees through the smoke and mirrors of what our world has become.
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For Ray Dalio to say he'd rather have Bitcoin than a bond is an alarm bell that everyone should be hearing in their head.
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Former U.K Prime Minister Blair answered the question about what he thought about the Boris Johnson scandal and then the reporter asks him again, stating how important this is that Prime Minister Johnson would do such a dastardly act as to have a few drinks with his staff after a very, very difficult year. As an overseas viewer, first I would like to say that I think Mr Blair has always had his country's best interests in mind. Being a politician is about making decisions. Tony Blair made decisions that reverberate to this day. When a politician like Boris Johnson makes a decision, the fallout goes six ways from Sunday. For some in the U.K., the idea of him having a glass of wine with his staff at spontaneous get-together at Christmas time with a pandemic raging like wildfire across his country and the world is worst than committing fraud, for others, it's part of being Prime Minister. Here we have a possible conflict brewing between Russia and Ukraine, China sending 39 warplanes and a bomber into Taiwan airspace, BREXIT still running on empty, a world threatened to its very existence by a climate crisis beyond belief and the biggest elephant in the room is that Prime Minister Boris Johnson had a few drinks in number 10 Downing Street. What's wrong with that picture?
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I am an overseas viewer and it is the first time I have heard Nikki Haley speak and she really would be an excellent president. There is a thing called chance or luck or the fates and it is so interesting to see how many times the best people lose out to others who are much less qualified or not in the best condition mentally or physically. Can anyone imagine what the world is going to be like at Easter of this year? No way! So; to imagine what is going to happen with Nikki Haley's run for the presidency is impossible to predict, but she would make America a better country than it is.
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Dear Johnathan and Mohamed, Thank you Johnathan for asking quality questions and thank you Mohamed for giving us, the viewers and listeners, quality answers in language lay-people like myself can understand. Both of you deserve a lot of credit for breaking down the complexities of your world of finance into sound-bites that make sense to people who only know the economy because they go to work and get paid and get a score-card of where all the taxes and deductions went to. My question to both of you is about the Bitcoin miracle or the the crypto-currency king as perhaps it should be called. What is bizarre to me is that everyone is saying to get into cryptos: buy Bitcoin. But Bitcoin is now over 20 grand a coin. Does anyone see anything... (strange about that?), spending 21 thousand dollars on a Bitcoin. That's a lot of money and the thing that I don't get is who says it's worth that much tomorrow? Listen, I have friends who worship Bitcoin, and own Bitcoin, and I don't mean to sound skeptical, but I would never spend over 20 thousand hard-earned dollars on one Bitcoin. Happy Holidays.
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Dear Mr Westin and Mr Summers, I live on the other side of the Earth from you, and today in my city the restaurants have re-opened. People are going to the restaurants. What troubles me is that the medical experts are giving us some harrowing news on what the Coronovirus really is. This virus is something no one wants to get next to. We heard yesterday that it is now in every country in Africa. To me, that means it will never be completely eradicated because of the logistics problem alone. What is heartbreaking to us is that in the most stupendous pandemic the world has ever seen, and an economic downturn that America has never experienced is being supervised by an American President clearly over of his capabilities to comprehend. Trump is a text book case of a sociopath. He is out of touch with reality and so low on the scale of being able to lead it beggar’s belief. Murphy’s law has played a terrible joke on America and the world with Trump being in charge. It must be impossible for you to see a way out of the mess you’re in with him in The White House. You have someone who has a great trouble speaking the truth. You have someone who is president only surrounding himself with yes men and yes women. How can such a flawed individual manage a double-header like this one with any degree of competence? What is totally off-the-charts for us is to understand how in the world nearly 50% of Americans are backing President Trump. I guess it shows the severity of the global situation. America is the litmus test for social awareness and respectability in the West, and through him we see that social media can make us elect fools to lead us. I believe the American system is not made to go the whole 9 yards this pandemic is going to take us. The experts say it will take 36 months before we’re out of it. The mere fact that the House has just voted another 3 Trillion in aid for the average citizen shows how desperate things are. Mr Summers, I think that there has to be a plan ‘B’ for what to do when the Fed comes to the realization it cannot keep the markets going forever. The experts say a second wave is very possible. We have to remember that it was the third wave of the Spanish Flu Epidemic that caused the most casualties in 1919. It's only an opinion. I only wish I had a plan B for the next phase of the pandemic.
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@TerryTerryTerry GGGGGreat to hear from you. Both Johnson and Blair are people, normal human beings who are in the spotlight morning to night and perhaps for their entire lives. People in power have to make decisions and like in every business--I've gone bankrupt on nobody's fault but mine--sometimes they make a decision that collides with the general public's perception of what is right.
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As an overseas viewer, at 6:51 in the vocast, Professor Stiglitz says that raising interest rates will not bring down inflation. But the Fed is going to do exactly that. This is why economics has the average person in constant turmoil: no one seems to know how to get us out of the fix we're in. Lastly, Professor Stiglitz also says democracy is at risk of collapsing and that the elites and the middle classes will continue to be on opposite sides of the room. I am an artist and not an economist, but what I think no one is taking into account is that our economic system has permanently run out of steam. Capitalism as we know it---according to some sources---says it began in 1694 when The Bank of England issued the first bonds. Does anyone see my point? This means we have been using an economic model suited for 17th century values and over 3 centuries old. It's out-dated and just look around you: everything is out of kilter. The world has moved on. We need an economic system that deals with the blatant and complex and 21st century problems we are facing today---like inequality and recessions and depressions and run-away inflation. These are red flags. I know this will sound like I'm trying to sell a book, but I have invented a system that I would like to compare with the Linux operating system. My book is called The Treatise of Teknomix and it will be published very soon. In it is a very basic idea for an economic model and it needs brilliant minds like Professor Stiglitz to have a look at it and see if there is the grain of a new concept for a new economic system in it. My idea has 90% of the population doing well; the opposite of capitalism. But I'm not an economist and I may not have a good idea.
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Dear Mr Weston and Dr Fauci, Thank you Mr Westin for top quality interviews that ask the right questions to get the answers we need to see our way through the challenges facing us in the world of today’s pandemic-economic conundrum that has even the experts stumped in how to get through the mess we’re in. I have an idea I’d like to ask Dr Fauci about how to get kids back in school safely and how to get the American economy and the world economy back on its feet. After months of people having to wear the masks that have made us look like we are on the wrong side of solving the problem of the Covid-19 pandemic, we need to move on. To win on the Coronavirus pandemic in your country and around the world we need to fight the Coronavirus on its territory instead of letting it come into our bodies to fight our immune systems. I am an inventor. Here is my assessment of how to control the Covid-19 virus and all future infectious viruses that this way come. Up until now we have gone after the virus passively. We wear masks, gloves, face shields, eye protection, in other words, we wait for it to get to us first. Next, we’re trying to come up with a vaccine which will hopefully protect us as well. What I believe we need to do now is to use reverse strategy and go after the Coronavirus actively where it lives: in the air. We can do this with air scrubbers, air processors i.e. air cleaners adjusted to bake or freeze or incapacitate the virus in its molecular form and take it immediately out of the air we breathe. We could do this in every place where people congregate; every classroom could have one working 24/7 for example. There would be a gauge on the apparatus to show the level of the virus in the air. The police use breathalyzers to analyses the alcohol content in someone’s breath Dr Fauci, if we could get a Coronavirus analyzer that shows whether the Covid-19 virus is in a person’s system it could save a lot of time---and save lives. It could be used at the door of a restaurant to test everyone’s breath coming into the restaurant. On each table in the restaurant, a portable air-scrubber could be placed to cleanse the air of harmful viruses from the people talking. People could wake up in the morning and test themselves with a virus-breathalyzer and if they were positive, they could take immediate action. I haven’t invented these apparatuses, but the technology has been around for decades. Think of it as, say, Dyson air conveyors i.e. portable devices that filter but instead kill the virus with ultra-violet light or something that renders it inoffensive and send cleaned air back into the room or building or school. We should look at a school like it was a submarine, and have the air cleaned 24/7. Classrooms could have portable devices. The plain simple truth of the matter is that viruses are going to be infecting us ad Astra because they travel through the air. We will never be free of this pandemic or any pandemic until we eliminate the viruses at the source: the air we breathe. Let’s go after it in ITS territory, instead of sitting passively by, because we're like sitting ducks trying to block an invisible pathogen from infecting us. After 6 months we can see it's a losing battle. The technology has been around since submarines started scrubbing CO2 out of the air while on underwater maneuvers, so we know who to contact. This may be the way we can save people at risk and be prepared for the next wave(s) of Coronavirus and it's a win/win situation any way you look at it, because as well as filtering deadly viruses out of the air, other pollutants and pollen would be filtered.
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Dear Mr Morehead and Mr Schatzker, What about Hashgraph? Blockchain seems to have serious operational flaws that translate into a failed system. Apparently Bitcoin can make only limited transactions per second whereas Hashgraph is unlimited, Hashgraph is patented and it is mathematically proven to be secure whereas in Bitcoin, a block is only assumed to be secure but it can never really be verified. Hashgraph is energy efficient versus Bitcoin which is a heavy energy consumer. Lastly, why has the inventor of Bitcoin refused to identify himself or herself? Hashgraph is patented by a Mr Laird and certainly is a more secure platform if I have correctly understood the various analyses on the internet. What do you say Mr Morehead?
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We must not let our emotions get away from us and criticize Sergei Lavrov for what he says. He cannot go off-script and contradict his boss for even the slightest thing. He goes on television as says what he has been told to say or else. I am saying this because it is no use to verbally attack spokespersons for authoritarian regimes, they must do what they're told to do and say or they can lose their jobs or worse. The nuclear option is the Russian ace-in-the-hole and it has worked like magic for decades and if they're talking about it in the first week of the war, you know they are worried. Up until now when anyone throws out the nuclear card, the jackpot is yours every single time. This time however, there is a spectre of more than nuclear war covering Europe; this time there is the spectre of losing our sense of being in the human community at stake. We can no longer think as if we are from one place or country, we have to think of what benefits all of us. This means we have to re-assess the way we have constructed the world governments and ask ourselves what is the best way to mover forward. The Ukrainian/Russian war is indeed a window of opportunity if we want it to be, but we have to play our cards like never before.
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As an overseas viewer and someone who is not a part of the financial world, one is stunned to see that a voice of reason so far above all the others, Mohamed El-Erian has not been appointed head of the Fed. This man speaks finance like President Joe Biden speaks government.
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Mr Ferro and Mr El-Erian make the world of finance visible to ordinary people in a delightful manner. What I take away from this vocast is Mr El-Erian's 'loser/loser' comment about the Fed's latest actions. Chairman Powell seemed so uplifted and positive in his latest announcement and then we hear from Mohamed El-Erian that recession is a probable outcome. It's hard for us outside the world of finance and markets to understand how bad things are going to get because of decisions at the top which will not make things better but turn the world upside down. The French have an expression "jamais deux sans trois". Never two things without a third. We've had a pandemic and it's still poking its ugly head above the clouds and now a war in Ukraine and I hesitate to predict that there just may be a doozy of a recession waiting in the wings. Boys and girls, we will get through these world-shattering events, but I fear the world will be a much different place when we emerge to the other side of these Earth-shattering developments. It's an opinion.
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The British journalist Alexander Marr caught the Delta variant in spite of being vaccinated two times. Boys and girls, I don't know about you but I think we'd better realize that the Covid-19 virus is far from finished evolving. It stands to reason the next modification will push it to be even more infectious and ramp it up to be even more contageous.
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Isn't this the moment as our time to shine as the human community? Former U.S. Secretary of Defense comes across as a voice of reason in dealing with Russia and its President Putin. What I propose as the answer for solving the Ukraine crisis is this. Should we begin open discussions on the peaceful dismantling of authoritarian regimes from a humanitarian point of view? I am an artist and not a specialist in international affairs, but it doesn't take a Harvard educated lawyer to see that democratic countries and authoritarian regimes cannot exist on the same planet. There is simply too much at stake to leave the fate of an entire nation in one person's hands as is the case in Russia. The Ukraine invasion should be looked at as a watershed moment for the time we in the human family finally decide that autocratic regimes are toxic to the preservation of civilized society. I am convinced that by openly beginning serious discussions with all interested parties about peacefully dismantling authoritarian regimes, the autocratic leaders will begin to see that their day in the sun is over. No one is naïve enough to believe there will not be fits of anger and condemnation and war mongering, but we have to start with words and take it from there. There is also the mental health issue for the millions of people living in these regimes who have been weened off of thinking for themselves. We laugh at the fact that no one in those regimes has to do anything but obey orders, but that is very unhealthy for their psychic mental being and it leads to people not being able to live normally; it's a form of slavery which for us is unimaginable. there are windows of opportunity and I believe this is one of them. You only have to look down the road and if America is side-lined the world could end up being run by two or three strongmen.
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We must allow Putin a dignified way to retreat; if his back is against the wall, his only option will be to win at any cost. In America, the Republican Party is under seige and the Republican politicians have a 'bunker mentality' because the other political party is not allow them a safe way to return to normal. Even if the traitorous former president Donald J. Trump offers hole-in-the head solutions to just about everything he can think of, Republicans will rally around the only 'Davy Crockett' they know, because they are being attacked from all sides. The Republicans must be shown alterative solutions towards getting them weened off a former Lier-in Chief, and on the middle ground to people like John Kaisic in their party who speaks truth to power and who is a red state or blue state politician but a United States politician. People who have made bad choices needed to be treated with dignity or else they will go the (Rep.) Margarie Greene route.
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@daviddurand3631 GGGGGGGGGGreat to hear from you. Of course, you're right and your Prime Minister went overboard. But it's something that was wrong to do, but not worth changing administrations for. Prime Minister Johnson is human; he's got flaws and you or I in his place might have even done worse. What's important now is getting Russia out of Ukraine, and your Prime Minister is coming through for the Ukranians. That's what counts in my book.
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Dear Bloomberg team presenter and Secretary Summers, It's always interesting to hear Mr Summers' take on the economy. What comes into my mind about what the world is going through and especially for you in America is that this economic shutdown, slowdown, or greater depression could very well be the straw that broke the camel's back as far as consumer capitalism is concerned. We have to get away from this fossil-fuel version of an economic system for a global population that has clearly voted with their pocketbooks to trash capitalism for good. I know, I know; sure, that's right, our economic system is on its last legs, but what else is out there to replace it that makes any sense? That's got to be the number one question for 2020.
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If I could ask Professor Romer a question, I would like to ask him what he thinks of the capitalist system now that 40-year high inflation is upon you in the United States and climbing prices on everything where we live in Europe. Professor Romer, isn't it time to consign consumer capitalism to the history books and get in a system that isn't wealth-accumulation focused? I think you agree that probably some of America's finest minds are going into finance as a career choice only because they can see that running a hedge fund for example almost guarantees billionaire status. We need an economic system that has all the same moving parts, but that is not a pyramid scheme on steroids.
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