63000000000. 00 in just 2005 joining us to discuss this dr Michael Hudson professor steve kean and randy roller professor steve keen of course you talk a lot about debt and in fact increase the rate of increase of debt what do you think of that number 363000000000. 00 in outstanding Student Loans in 20051. 6 trillion today doubling every 2 years which is a huge right of growth that simply cant be sustained indefinitely and thats whether by the students themselves coming on board well by the windows its a huge increase in the private debt load on the economy and its falling on the people who are in the least money and its setting them out for being on a able to participate in the rest of the economy life which is also driven by did so i think is one form of it is going to basically a. Student debt is going to make it impossible to keep posting Household Debt so the Financial Sector is eating itself im so old i remember the 2008 fine. Cry out and if you recall the sub prime debt bubble u
It impossible to keep posting household that so the Financial Sector is eating itself im so old i remember the 2008 financial crisis and if you recall the sub prime debt bubble up and we have this global meltdown the student debt is already bigger than the subprime debt bubble. That was about an on trillion dollars when you look at it went from 6. 00 to 9. 00 on trillion between about 22000. 00 and fog so were not talking the same sky loving christian debt were talking they did go on turning in income and then when they graduate theyre graduating move off what about 100000. 00 u. S. Dollars is a level of debt the average is 30000. 00 and in fact its non dischargeable prior to the what happened with the subprime crisis was people could do the jingle mail and walk away students can never walk away from this almost all of it is essentially owed to the government so the government owns you anyway and you cant escape it you cant just jingle mail away from the u. S. Government 30000 is this
International law and have with us. That. The died. Not. The area was cordoned off at 1st light this morning by. These Army Technical experts went in to examine the bodies in case they had been booby trapped. Who do you think might be responsible for. Ya skull a body around here and theyll tell you. First says within lay what we describe as the murder triangle quarter done to the lightened up to offload cloyd where there have been more sectarian assassinations per head of the population than anywhere else nor the lower. The awful thing is that not a single one has been sort of meat amenable to justice for. Assassinations unbar theres usually a movie if you do they are there my 5 and my 6 politicians on mordecai. The borderland of south armada the new area of ireland steeped in celtic mythology where the ghosts of colon clean meth in the code and. Haunt the counties many burial cairns and crips. Its rugged slopes green fields and sweeping plains reach out to the fuse that cradle the res
Iran at 34 where that country has seen a huge jump in infections to ron had already canceled friday prayers at the capitals of 23 of around 31 provinces u. S. Secretary of state might bump aoe says that the u. S. Has offered to assist iran with medical response over in south korea they have the highest number of infections outside of china 2337 and while china seems to have gotten some control over the spread of the corona virus it is italy that appears to be a Central Point for spreading the disease as italy now reports 650 cases and 17 deaths switzerland has canceled its giant geneva car show mexico has confirmed its 1st case of corona virus 2 min in mexico city and want to see the loa those 2 had recently traveled to italy and reported the contract of the virus there mexico is now the 2nd latin American Country to register the virus and the largest city on the african continent lagos which has a population of over 20000000 people has also reported its 1st case from an italian patien
91. 00 we look at the legacy of his 30 years in power. A warm welcome to you youre watching r. T. International with me nicky air and now this tuesday was day 2 of wiki leaks founder Julian Assange is hearing on extradition to the us where the whistleblower was wanted on espionage and hacking charges if handed over he could be facing a 175 Year Prison Sentence for his role in the publication of classified Intelligence Data madeira 2 to has the details. Day 2 with crown courts and we have the song cheering supporters happy night in full force again we can hear them chanting throughout the proceedings now we had the defiance talking today talking about why these allegations should be thrown out of course they talked about mr mannings involvement in the release of the 2002006200 extension 7 iraq documents the iraqi diaries and obviously the release of the collateral murder video saying that she felt that her conscience required her to release those documents. Julian assange as she was han