Monday morning that they were going to go bankrupt well you know in america when you go bankrupt in chapter 11 we declare chapter 11 what happens is your creditors line up to see who gets the debt whoever is this has the most senior debt the bond holders the bank loans anything like that they cant your money 1st your assets they liquidate everything and then if theres anything left over a which creditors make sure theres not and the lawyers get paid and everything that then maybe equity holders shareholders might get paid so they never get paid right but when the news broke that they were going to go bankrupt chesapeake. People on robinhood especially these free apps available and its mostly for millennia old and generations a very young traders new traitorous and they all just got new money free money stimulus checks 1200. 00 each from the government they poured into it stop prices up at 300 percent at one point it close at 170 something percent 180 percent but heres what you know the
This is causing 2 things the overlord class are becoming fabulously wealthy and the peasants are revolting weve got a good old passive peasant revolt down america and where that go im not sure you know if you look at the bottom 99. 9 percent as weve been pointing out over the past few weeks is they are starting to mimic the top like hollowing out the economy looting the economy and thats a way to get wealthy because it does indeed pay off in our economy for the top one percent especially the top 0 point one percent so you know in particular what were talking about is hertz and Chesapeake Energy Chesapeake Energy as one of these big trackers they started the natural gas fracking business that what you know they were one of the pioneers of this whole space well when news broke on sunday night monday morning that they were going to go bankrupt well you know in america when you go banker. Its in chapter 11 we declare chapter 11 what happens is your creditors line up to see who gets the deb
Good afternoon, everyone. Welcome to the Henry Wallace center here at the Franklin Roosevelt president ial library and museum. I would like to welcome you to todays program. As you know it today is pearl harbor day and i would like to take just a moment to recognize those who have served, if theres any veterans are activeduty servicemen, please rise so we can acknowledge your service. Thank you very much. [applause] today is the day that marked the transition of america from an isolationist nation to a global superpower and there are few days in World History like december 7, because of what that meant for the world we live in today, in so many ways. Were very fortunate to be able to honor today with a Wonderful Program on a new book that is just come out. How many of you are members . If you are a member raise your hand. Look at that, thats great. They given much, your support makes these programs possible because of members and atrocities like you that we can do these programs. And l
If there are any veterans or activeduty service men please rise so we can acknowledge your service, thank you. [applause] today is a day that marked the transition of america from an isolationist nation to a global superpower. There are few days like september 7th because of what it meant for the world we live in today. We are fortunate to be able to honor a wonderful program, a new book that has just come out. How many, if you remember, look at that, that is great, thank you, your support makes these programs possible. Because members and trustees like you that we can do these programs. Last year clint lobby was our program manager, we put on 58 programs at the library which is very impressive. [applause] because of your support we can have these programs for free, it is a way to give back to the community because we feel so strongly, fdr loved this area and wanted it used in is a and we are honoring citizen so our speaker today, lew paper, is a journalist, he taught at harvard and wa
In congress. Enjoy book tv and watch over the weekend on cspan2. [inaudible conversations] good afternoon, everyone, welcome to the Henry Wallace center here at Franklin Roosevelt president ial library and museum. Id like to welcome you to todays program. As you know today a pearl harbor day and i would like to take a moment to recognize those who served, if there are any active members or military rise and well acknowledge your service. [applause] thank you very much. Today is a day that marked the transition of america from an isolationist nation to a global super power and there are a few days in World History like december 7th because of what it meant for the world we live in today, really, in so many ways. Were very fortunate to be able to honor today with a Wonderful Program on a new book that has just came out. How many of members here . If youre a member, raise your hand. Wow, look at that, great. Your support makes these programs possible. Its because of members and our truste