A boomer always loans loans loans debt debt well i want to start this episode with this theme of boomer which has gone viral of course and thats the millennium versus the boomers the millennial. Basically rising up ok theyre the biggest voting block on the in town and theyre searching asserting their power so 1st to put the context of whats going on in america thats ok boomer thing i want to look at this chart and this is only from 79122010 the shows the u. S. National debt and the u. S. Annual g. D. P. Says he see from when we started our National Debt in 17 9100. 00 all the way to just after a while where to we had almost no debt g. D. P. Stayed flat and now the least nominally our nominal g. D. P. Is going up rapidly but its almost entirely with debt and as we know from covering drone powell last week you know that is starting to we were having to create 3. 00 a day just for 1. 00 g. D. P. Said those are going to cross at one point but this is important to understand that this is th
Debt because the cost of incurring debt is for most people on wall street is their own. Cost anything. And used to be going back even 20 years hed have to pay 5. 00 or 6 percent in interest to take on a bunch of debt now to 0 in back in the in the u. K. Recently they had Interest Rates at a 300 year low price so theres no cost for that if you dont have to pay for it any just get it for free get a bunch of money delivered your office for free and you can go buy tiffanys with it or if you go buy a big production utility with it thats guaranteed income or buy Huge Corporation with it why not well there used to be a cost to debt which is why we did not incur any debt which is why we could not as a nation and thats why the g. D. P. Stay flat along with the flat levels of debt baby boomers were born in 1946 s. The 1st of them the debt started to rise g. D. P. Also started to rise nominally with it 971. 00 of course when the 1st of them or what 2223. 00 we went off the Gold Standard because t
I would live news 247 this is r. T. International from whats going on in colorado welcome to the program will bring you up to speed with whats been happening in france 1st the countrys been paralyzed by the biggest strike in years this thursday with workers protesting on mass against the governments plans to overhaul the Pension System transport networks were brought to a standstill and schools and hospitals badly affected as well demonstrations have been held right across the country to bensky has been following the protest in paris. This is against a proposed changes by the french government to the Pension System here in france the idea is that they want a malcolm a number of different systems around 42 different systems into a universal system but people say that i will have a massive impact on their pensions because it will mean that their pensions perhaps could be lower in the future or in fact that they might have to work even longer and not as cool huge fury here. Here plasterer
Hello america azure this is the kaiser report a man to a quick low dial 1800000 more on this station ok boomer you are a boomer and you sound like a boomer always loans loans loans debt debt well i want to start this episode with this theme of boomer which has gone viral of course and thats the millennium versus the boomers the millennial. Basically rising up ok theyre the biggest voting block on the in town and theyre searching asserting their power so 1st to put the context of whats going on in america this ok boomer thing i want to look at this chart and this is only from 79122010 and it shows the u. S. National debt and the u. S. Annual g. D. P. Says he see from when we started our National Debt in 17 9100. 00 all the way to just after a while where to we had almost no debt g. D. P. Stayed flat and now the least nominally our nominal g. D. P. Is going up rapidly but its almost entirely with debt and as we know from covering drone powell last week you know that is starting to we wer
Is another blow to prospects for peace. Plus this migrant camp was meant to house 3000 people so now home to over 13000 as winter sets in greece is moving to reduce the numbers at the memorial margarine count unless perhaps. Also on the program in germany gets set to clash with Northern Ireland in their euro 2020 qualifier and a team shake up is on the cards as feared the lopsided look to cement their spot on the top of their group. Im brian thomas great to have you with us some 100 protesters remain barricaded inside a hong kong universities the standoff with police there continues. Now thats according to the territorys chief executive carrie lamb clashes have been raging for days now with 600 people who were inside the University Already having surrendered to police now others made a bold escape by climbing out of buildings with rope plotters called on those remaining inside to surrender saying the Hong Kong Government was trying to find a peaceful solution to end the standoff meanwh