So disturbing as you sad about the boston the boston papers is that this report the color of wealth in boston sound that the median net worth for whites was two hundred forty seven about five hundred dollars or so forty seven thousand dollars for whites thats a person thats our network but eight dollars eight dollars for a black bostonian which is. Yeah and it was part of a five state so this wasnt just about one one place and boss and that study was done through five cities but at the end of the day the wealth disparity among communities of color were the worst in boston i mean this is like looking at it you look at milwaukee and you look at places like boston as these are not good places to live if you are a black person exactly and the data was determined just sort of stand what you know that you know the net worth determination that median were. How than you can about a lot of people know the difference between you know you make this much whats a more than let me youre more than well its found by subtracting a persons that from their asses you know so they used both the financial like savings checking accounts money market bonds government bonds stocks retirement accounts Business Activity and Life Insurance plus like tangible things like houses vehicles and like real estate to basically determine a persons total assets everything you own like the banks you money or has value right anything you could sell exactly and then for debts they include things like credit card balances student installment and car loans all every type of loan a person could have and a medical debt and mortgages and thats where they came to this numbers so when you look at like you know the average black person in boston being worth basically eight dollars thats staggering and thats and thats a horrible horrible testament to this countrys finest like where we sit as citizens the fact that any citizen regardless of their skin color can sit at eight there was other black like dominican they looked at like people from the caribbean and things like that so they get like zero zero share you know i mean this is a its a true true frightening issue and its also representative of a bigger problem that i mentioned the study for prosperity now in the us through for policies found that quote by twenty to twenty median black and latino households stand to lose nearly eighteen percent and twelve percent of the wealth they held in two thousand and thirteen respectively while median white house hold wealth increases three percent which means that means in just three years white households are projected to only eighty six times more wealth than black houses households and sixty eight times more wealth than latino households yet the population rises the minorities are going to now way the majority basically they are going to outnumber the amount of whites in society that creates an even bigger wealth gap and a scarier scenario for the future of this country. You know what even Bernie Sanders was talking about it with your buddy drew yeah i mean the wealth inequality is something that people dont always understand why thats important and why is that something to shorten for Everybody Needs that that gap needs to be as tiny as possible and it leads directly to something youre very familiar with you know youre familiar with given where you grew up the suicide rate and the Poverty Level of farmers in this country its huge its a miserable job these days and i think one of the saddest things that the u. S. Government really dropped the ball on in the last twenty to forty twenty thirty forty years was in for our agricultural infrastructure they did not take care of farmers because they were in my opinion when we got to nafta we said well we get these great deals just shipping out and from overseas and here we go now we never have to grow anything unfortunately now we do need to grow things here we do need to make food here and grow it but we dont have a support system and the fact that we cant find a support system in the United States and in our budget for food. How many meals are you with man or rather good will do it with my meals where nine million is there nine zero is the way before use people start to do bad things so this was the thing about farmers to us these suicide isnt just a United States problem to everyone around the world australia house of farmers suicide creases saying that they see every farmer does by suicide every four days in the u. K. One farmer theres one farmer a week that takes his own life in france every two days in india more than two hundred seventy thousand farmers have died of died from suicide since one thousand nine hundred five and a lot of this is what the c. D. C. Says is that you know part of this comes from social isolation and a potential for financial losses a barrier to an unwillingness to seek help Mental Health i think a lot of it is you cant pay for it the bigger issue i think a. Less people i think that would want it if they could get it or could they travel to get it because there i was right in these Rural Communities and things like that plus the government isnt helping them like you said look so no there is a cover there and there is a Government Funded Program called sowing seeds of hope. That connected uninsured and underinsured farmers and seven midwestern states to sort of do some sort of and behave affordable Behavioral Health services but in two thousand and fourteen federal funding that supported sowing seeds of hope came to an end and the program was shuttered. Things we should be paying attention to it may be actually impacting some legislation to help fix launch. Freedom of speech and the right to protest grievances is one of the most important actions for combating corruption and enacting change in society and since the dawn of protest not surprisingly governments around the world and throughout history have worked to gather intelligence infiltrate and depending on the honesty of the message suppress the activists and their plight but what happens when nongovernment entities start spying on protesters and working to suppress your freedom of speech r t S David Miller finds out as he looks into how corporations and global conglomerates have been secretly infiltrating protests against them. The u. S. Supreme court has often times struggled to determine what constitutes protected speech especially in the form of protests now this American Value is once again under attack from large corporations the guardian has obtained documents leaked from two corporate intelligence brands that identifying by large corporations which have paid for quote privates bugs and according to the guardian these firms were hired to monitor campaigning groups that challenge their businesses the new yorker has revealed and recent reports allegations that Harvey Weinstein has used private spies posing as womens rights at the get to secretly record actor rose mcgowan for. And has been linked to the metropolitan police using the same methods to inflict straight activist organizations such as greenpeace some of the again quotes by even had long term relationships and children with protesters according to the ongoing pitchford inquiry into undercover policing corporations who participate in the use of fake activists or spies include caterpillar British Airways poor the royal bank of scotland and a Utility Company eat allegations including head a pillar which Many Americans know and trust as a corporate staple for American Manufacturing went as far as to hire c two a corporate spy firm to gather information about a grieving family that took legal action against the firm after their seventeen year old daughter rose run over by a caterpillar bulldozer also included as a leaked email that states can appeal or has been working very closely with the spy firms to prevent the direct action protests groups used to disrupt quote economic welfare report also includes President Trump c two i also pushed his services to trumps Property Development firm which was seeking sense of land in scotland c two i said trumps prime was under threat from a consortium of environmental activists so the question remains is this democratic right to freedom of speech even in the forms of protests under attack again by large corporations or is this just capitalism at its strongest flexing its muscle reporting from washington d. C. David miller r t america. Boil boil boy it doesnt surprise me you know you know every now right at this point between you know the f. B. I. Or Law Enforcement or Homeland Security infiltrating protests against corporations and corporations now themselves infiltrating for is there anyone else left in the protest who might actually be an activist im not prepared to actually be there for the actual protests neighbors about how why should they be worth more. Right about this all wrong maybe it we shouldnt be railing against the pros you know protesters and activists who arent active enough and doing things really doing things after the march theyre not even they are there but well be off doing the real work while these fake activists are out marching you know and then spying i mean this is ridiculous and it really breaks my heart when you see this i mean because at the end of the day freedom of speech is one of the most like you said at the top one of the most valuable rights we have and to see not only governments do this but now corporations do this just to learn more and potentially stable i get like yeah you want to know if something could be violent or something could get bird or whatever it may be i understand that but theres still a level of dont why you start i always believe change your practices you dont want them protesting well maybe we should be told pollute the earth maybe dont write well send out a bad product we dont allow people to die when using your product i think really this is this is coming out of the protest blah a lot of black lives matter protest that blocked roadways and it was this whole idea that oh my god you cant disrupt commerce what if we stop spending and and and spending money we dont have and someone stops us it would be and say. But that is the point of protest stands to you know i mean capitalism has to deal with it sometimes youre going to get question for what you do welcome to america welcome to america all right welcome to our break hard watchers dont forget to let us know what you think of the topics weve covered of facebook and twitter see our poll shows that are to dot com dot com coming up the host. Of our children enters the oxalis to discuss the rapid player rise a bit growing and its record breaking bubble stay tuned to watch your. All see we have a great see what we need to strengthen before the free world cold and youre back to been a legend to keep it so its at the back. In one thousand nine hundred two that must qualify for the european championships at the very last moment no one believed in us but we won and im hoping to bring some of that waiting spirit to the r. C. C. Recently ive had a lot of practice so i can guarantee you that Peter Schmeichel will be on the best fall since my last will call when that starts or three. Thousand zero zero zero zero zero. I strike. Left left left more or less ok stop thats really good. Its a. Wonder when they hit a car that hit. It bernard renewed within them we took all. This a row reserved in your right channel only and i mean in all three men to make a run with a foot on from the cliff is phenomenal up on the yes i dont know why not us and if you think its the end. Of those. Set up. I thought that the ample. Liz liz. Liz. Phillips tall tales of colonial riches jump mortgages and wildly overrated internet ponzi schemes thats just some of the highlights of human societies fatal attraction to socalled asset bubbles when a manic rush seizes the imagination of investors the speculators and the rest of society the thirst for wealth of our powers all sense of rationality or moderation as the year comes to a close it appears that twenty seventeen will be forever remembered for its crypto currency bubble as people across the world from the winklevoss twins to the random twitter feed investor who barely understands the difference between a bike chain and a block chain are making millions of dollars overnight perhaps is about time we sit down and figure out what what is going on in the world the air and to do that were joined today by just the right guests today that our children former commissioner of the u. S. Commodities Futures Trading Commission thank you for joining us very pleasure to be with you guys so i want to bitcoin rich this week all time high sixteen thousand and similar currencies like what was it like coin again and i popping forty five hundred percent again for this year as the final expert how comfortable are you with quick cryptocurrency years leave now. With the prices in the volatility i think theres going to be a Digital Currency or crypto currency that will survive it probably will be bitcoin but its not a sure thing but somethings going to survive there are literally hundreds of these things out there youve named a couple tyler but i mean Dennis Rodman supports popcorn you know there are all sorts of crazy things going on out there too and so theres a lot of charlatans and people have to be really careful but the volatility that we see in bitcoin in particular is troublesome and you know ive argued for a. Long time since two thousand and twelve that these markets need to be somewhat regulated not so much so that they clamp down on innovation and people cant you know have some freedom but we want to protect consumers i think we want to protect the investors the guys you speak with the guys or gals you speak with all the time and so i think there needs to be some modicum of regulation thats actually starting in the u. S. As opposed to other places around the world china south korea and russia have all banned the trading of bitcoin and other Digital Currency is just and i think the regulators guys just said enough we cannot its too hot to handle cant deal with it and so what ive been urging the those in the digital environment the enthusiasm to do is go and seek out regulators explain what it is youre trying to do that so disruptive but how do you have the adequate customer protections and they havent done that because they dont like them any stink in government and now were to the point where you have some regulators saying no were not going to do it fortunately some in the us are saying well give it another look at maybe we can do something that makes sense well and thats my question for you is that weve seen this week you have to do a small traders. Trading futures like bitcoin future. And which is pushing this idea of regulation which is something thats very important because you have people now that are marketing their houses to get into this because they dont really understand they think its like gold i buy it and then ill go up and all cash out make money which may or may not be true how will that regulation even the smallest amount how will that affect the crypto currency will it crash and even outdoors so it will help ultimately and try to make it because its a little like in the weeds so let me just try to raise up a little bit so these things called derivatives as you mentioned have a futures and options those are starting to be trade now what those are if this is a bit coin this isnt a bet or a gamble an investment in the bitcoin its on whether or not that bitcoin will be worth something in the future they call it a future so youre saying is bitcoin going to be worth twenty thousand in february or something thats the gamble theyre taking but thats whats being regulated now the derivative bet on the underlying so one there will be transparency into the derivative bets which will be good customer protection no your Credit Customer and i Money Laundering things that guard against you know weapons and drug trade and all that stuff nobody likes. But in addition since my old agency will be regulating the derivative they actually have a legal arm into the underlying actual bitcoin so that will start to be regulated more and more and theyll try to find out well whos trading is the big banks is it not big banks is it is it individuals Money Managers who is in their trading and once we get that clarity thats going to take place over a number years then i think this regulation will not just be good for consumers itll be good for the digital folks because will be more confidence in whats going on in the markets and then people can feel like theyre in. Testing in Digital Currencies like an asset class like you would tabitha with gold but right now im worried whats happening is you get people who are looking at this money out of money theyre making and doing things crazy things like youre talking about second mortgages or. Stuff logical question is what are the dangers for people in getting in the coin i mean look we all kind of look at it as oh out shooting through the roof right now its too bad i didnt list in my wild brand back a lot of years ago and said hey mine this stuff you could make some money you know but what about you know the mentioned people market you know putting their mortgage in their house just to buy it right now. How dangerous is it for people especially when they dont understand how what bitcoin is and what theyre actually buying. Im the wild friend because i was telling people years ago a man i wouldnt i wouldnt do it and thats when it was you know four hundred dollars so i got a lot of folks are like upset with me but i always err on the side of being cautious only invest money whether or not its Digital Currencies or anything else if you can afford to lose it it is a casino i mean some of these people in the Bitcoin Space average investors are now so surprised that it could actually go down it only goes up right i mean they didnt understand this thing and so i think what people need to do is take precautions look whats going on its not just my old agency by the way that is getting a window into this two weeks ago the Largest Crypto Exchange Trading Platform a place called San Francisco called a coin base was asked by the i. R. S. To provide fourteen thousand individuals the names fourteen thousand individuals for Tax Compliance so a lot of these digital folks that are out there doing businesses and coins are trying to go under the regulatory radar but theres also some individuals quite frankly are thinking wait a minute if i get a number of products like a in e. T. F. Exchange traded fund that tries to mimic the price of gold or silver. Something. I havent taxed on that every year but if i get a Digital Currency thats unregulated and i make twenty thousand bucks on it and off to be taxed well i dont bet on that you may become an after you know always where thats the thats you know a dog thats kind of the wild west aspect a bit coy in that hey you know if theres a currency i could do what i want to buy what i want all this but you know if theres money if theres any kind of value the tragedy of it is uncle sams i guess i do appear to you know i dont think regulators are in this like i was in it because i want to protect consumers and everything but theres another reason there regulators want revenue and so there is a two prong motive here but that is one thing i want to there is this and thats i think the disconnect for some people is that theres two kinds of main traders right now that are working that are investing and bet theyre the people who much like you would buy you know a disney stock fifteen years ago or a blue chip stock ways to call you know back in the day of that and hold onto it even if it only cost you a couple hundred bucks you could end up with a few thousand in ten fifteen years which i think some people are looking at holding on to their big client and then theres the people who are using it to make transactions that are less than legal to do you think how do we somehow is it going to be two different markets or where they started are entirely different trading strategy because these markets are just trading all the time and youre absolutely right to me when my father gave me a few microsoft stocks he said hold on to him as a a little poem i used to do sonny boy girly sue let me explain investing to you when you get older youll recall this chat about stock business stock that were going to hold on to these things someday when then a rise will be rich will change your life thats how wealth derives i fudged this so thats the old strategy buy and hold but right now people are going short theyre saying im just going to bet on what like a big coin would be in april or something or gold would be but with all these high price tags on bitcoin in particular. Its just its so appealing to people to want to get in and thats why you know my mission and my mantra has always been as a Public Service just be careful dont dont risk your hard earned money if its certainly fit for something thats Like Health Care or your retirement Education Needs for your kids be careful when. Its up up up up you mentioned earlier everyones like looking at it can never go down. Is this bubble is this Digital Currency bubble going to burst sooner or later i mean all bubbles have to burst kind of assume that the laws of physics apply the commerce of the economy as much as they do in reality as they do with the physical world i think theres a bubble. And heres the thing in finance everybodys got an opinion you know and youll see all these talking heads and quite frankly not a lot of them know whats going on a lot of artists i dont even talk about that. Sometime there is going to be a correction it may not be a big correction because there is a limited supply so the more people want it and theres only a limited supply the price will go up thats why i think it could be around it may not be something its going to get some proof and it goes to zero thats why i think its not a fraud like jamie dimon of j. P. Morgan is even Vladimir Putin its like a pyramid scheme i wrote a book on permits keep not a classic speech that doesnt mean theres not inherent risk and so just be careful as might my advice to folks and we still dont know who actually invented but no no. It is a suited him that you know that that adds credibility to the thing. That was arrested by the way for. Having this Online Exchange to sell these drugs Human Trafficking you know his student him was dread pirate robert levy is in jail for life so another confidence booster. To get into and i think in the fisher its going to take a lot of us to sort of bridge that gap between the trading and everything but i hope people dont as good a discovered i know its sort of a weird subject in the Financial Sector but but people need to know about it they need to connect themselves thank you so much for coming out of dark about this with thanks guys thanks for what you do. Throughout history some of our greatest playwrights were forged in the heat of battle the author of don quixote of the fourth ottoman venetian wars great spanish playwright located vega was a sailing soldier in the spanish armada fighting english and even a Divine Comedy same fought for the florentine cavalry and that tradition former marine and star wars Actor Adam Driver through his Foundation Arts in the armed forces is looking for the armed forces budding playwright through a contest and im looking for the best full length play written by a cadet active Service Member or veteran the bridge award will be judged by Pulitzer Prize winning playwright says and will be performed by professional actors and broadway. Twenty eighteen is a prize of ten thousand dollars most importantly this contest means more than cash and prizes as adam driver told the New York Times quote there is no reason to think that this community doesnt have anything to say maybe they dont have access to another way of saying i said thats a fantastic quote i love i love what hes doing right there because one of the most important things is giving communities a voice and this is one of those the arts is one of those things that allows those people to speak it gives them a voice and use that word history up at the south i think its important that definitely its all right that is our show for you today everybody remember everyone in this world we are not told but we all love the stuff so i tell you all i love you and i robot and on top of the all the people watching those talks a great day. It is one of the basic instruments to drive an economy but it can also lead to tragedy i did it i took a line the whole gist i came to god and the dentist i came to god and he was not. Many lives have been broken by excess in. The banks got you into trouble and only big bankers come. In there i think on the go on the banks but i just didnt think of. The lost money there is a back under dont buy clintons people see no future bad things happen you know you become ill you do to job the relationship breaks down you become a casualty is dead tonight long crap or is there a way out i was actually going to bed if you know i would like. To judge being from so much suspicion from would. Be first like when you all know its coming through inspector proper if somebody wouldve been told me because im going to spend my life for replying committees are a little disturbed person with salt who was clearly seen. Every night although we were attacked by the arabs we will attack them and we will extremely shocked and saying but thats not possible ill make those no such scenes and then the soldiers send myself and the work of snipping out of. The house with the prisoner weve all gotten over they all. Believe much second class citizens in the on call. List like and i think in my head that there is no way to be able to live together without tearing down the street was. The song. I. Thought i would regard. A little when. I. Was not. Present but im approaching concludes his annual marathon q. And a session with journalists from all across russia in the world coming up this hour well have the answers he gave for you on some the most pressing issues that came up. As well. Nations call for East Jerusalem to be recognized as the palestinian capital while rejecting the u. S. Role in the middle east peace process. We condemn us to search your mum jerusalem every possible step must be taken sick prevent the implementation of this illegal action by the u. S. And ministration other big story today the u. K. Considered pays a rebelled against their own Prime Minister trees of backing a parliament vetoed any final deal on leaving the e. U
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