In this episode of the Keiser Report, Max and Stacy enjoy a plate of lobster on Independence Day as a way of fighting the trade war with China… what? They also discuss the state of the economy on the public holiday, including the absence of any V-shaped recovery in world trade. In the second half, Max talks to Richard Field, director at the Institute for Financial Transparency, about the Fed’s burgeoning balance sheet and the hundreds of billions in Paycheck Protection Program (PPP) loans dispersed without much oversight.