Right most americans live paycheck to paycheck no matter how much you earn getting by a still a struggle for most people these days 78 percent of full time workers said they live paycheck to paycheck from 75 percent last year according to a recent report from Career Builder overall 71 percent of all u. S. Workers said they are now in debt up from 68 percent a year ago so you see debt piles are climbing. Of course this is what the fed wants with the lowering rates they want the ordinary american to cripple themselves with debt to make themselves have fewer choices in life because youve got to get that paycheck to meet the minimum payment on your Credit Card Debt right so 40 years ago the transition from industrialization to financialization so people have jobs and the economy reflected a workforce. Would earn discretionary capital that they would spend on consumer goods that were made in america then you want to financialization all the jobs one overseas is outside of the guys states an
A bit of all the dotcom boom and the crypto boom of the big boom in the stock market boom so this is been a remarkable period for the wasnt called generation jones the last of the baby boomers born in 1960 s. I was thanks to paul volcker who in 1980 you know started to you know stuff about inflation with a huge surge in Interest Rates and its been basically easy street ever since easy money has resulted in many things and were going to go over that in a moment you and i witnessed some of it in detroit where we were last week where you could see former greatness former beautiful buildings abandoned industry abandoned creation of wealth abandoned because you know you and i can remember a childhood. Any you know any person entering the market since then well thank god it must been horrible back then right but our parents had amazing jobs they got paid well we they were able to own a home and buy a home with one income that they were you know more community. Morse university didnt cost you
A childhood. Any you know any person entering the market since then thank god it must been horrible back then right but our parents had amazing jobs they got paid well we they were able to own a home and buy a home with one income that they were you know more community more university didnt cost your life you know so here weve had this ruling over debt over and over all the way down as we talked in the last episode its been an ever declining utility of debt part of this is ben that we need more and more debt in order to grow this fake economy this economy because remember if you look around theres not much industry left here so what if weve been building more piles of debt and im going to turn to some of these headlines for the past week that ive observed to show that you know most people. Bloomberg and c. And b. C. Will tell you we want lower Interest Rates this is great for the ordinary american right most americans live paycheck to paycheck no matter how much you earn getting by a s
Encompassing the stock markets and generally, we are seeing. 5 to the downside. Bossuropean central bank suggesting the door is open in perhaps september or thereabouts. In august, they are off on holiday. People factoring that in as but they bad enough, want something straight away and didnt get it. A raise and then settling down to be unchanged at 1. 11. Brexit, the European Commission saying they will not give Boris Johnson an olive branch and renegotiated deal. That hasnt affected things but given the makeup of his cabinet, the path ofeeling least resistance for sterling against the dollar is to the downside. Yen, stable 108. 64. U. S. Dollar index, unchanged at the moment. Lets find out what is going on. In sydney, weve got paul allen with the first word news. China is dismissing the claim that deliveries involving huawei products are simple mistakes. Chinese authorities also suspected fedex of holding up u. S. Bound deliveries involving the equipment. Last month, fedex said it ca
[speaking arabic] [speaking arabic] [speaking arabic] [speaking arabic] [speaking arabic] [speaking arabic] [speaking arabic] [speaking arabic make a statement or comment about christians and jews what can they do . We have to edit the video. We have to make the Video Private because you mentioned the jews are [speaking arabic] at the end of the times, we will fight those jews and kill the rocks and the trees. They make mockery, some of them were turned into monkeys and apes, literally. [speaking arabic] thank you and good morning. You have seen the work of my organization at the middle east Media Research institute, men and women young and old, secular and religious on state media, independent media and social media from across the middle east and america. This was to bridge the line which gap between the east and west by analyzing the media in arab and muslim world and the religious content produced by its institutions, dollars and clergy. A hall which the board of member directors k