Observed to show that you know most people on 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 is 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 had jobs and the economy reflected a workforce that would earn discretionary capit
And a triple threat to middle east tensions as israel carries out an airstrike against iranian troops in syria just days after a suspected israeli drone attacks in iraq. You want to know and he is in the studio next hour with a closer look at todays top stories but right now it is time for your board and. Welcome. Guys or didnt know that they are the stories. We listen to you. I like that all right. Yes we cover many headlines on Keiser Report and port dot com you can find links to the headlines i get asked that all of the time and for example heres our 1st chart why we are likely to see a 4 decade bull market in bonds like this ever again and thats 40 years of ever declining yields ever rising bond prices well thats my life you know i started on wall street 40 years ago and been living the luxury of life of ever cheaper money ever since literally not having to work a day in my life because the assets bought it 40 years ago gone straight up. And its gone up every year since then just a
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 on 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 is 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 y
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