oh hi i m max foster this is the kaiser report you know there seems to be a bit of panic in the air. play let s check in with stacy herbert i don t more max as you know we ve had 4 years of a lot of political turmoil and starting to spill out into the streets everywhere you look not only in the united states but around the world and rand corporation might have an explanation for this now remember rand corporation a fear if you are around in the seventy s they were part of the pentagon papers right it was identical ellsberg released the hundreds of pages of research they had done on the debacle that was the vietnam war and now they have basically done some research on the debacle that is fed policy of creating can tell you nair s since 1971 so the top one percent of americans have taken 50 trillion dollars from the bottom 90 percent and that s made the us less secure this is according to time magazine s interpretation of the rand corporation findings that breaks it down to act
and the takeover by the economy by financialization wall street commodification and derivatives through salt is just that the money is divert it through financial engineering through 0 percent interest rates is negative interest rates through repo scandals through all the financial scandals the recovery on the show for 10 years every single one of those points to one underlying story in fact that wall street financial engineers the kleptocrats divert the money printing into their pockets at a rate that according to the rand corporation equals more than 50 trillion dollars so that is your smoking gun that s why we have social unrest that s why we have incredible wealth and income gap that s why we have such a distorted economy that s why wages are not keeping up that s why we ve got inflation raging that s your smoking gun end of story thank you it s been great have a great life no kidding as i said the rand corporation had revealed through daniel ellsberg the the sacrifice of
at the actual data and say actually this is how much it is is 50 trillion dollars now since 1974 right after we went off the gold standard right well there s an explanation of this using financial engineering and you can get into the minutia of that but just imagine that there s a pipe that leads from the reservoir to the town and you ve got a bunch of bankers to figure out how to take that pipe and direct it into their pockets and it never reaches town so this is the problem of the reservoir being fed policy the pipe being. the economic policy and fiscal policy and the takeover by the economy by financialization wall street commodification and derivatives through salt is just that the money is divert it through financial engineering through 0 percent interest rates is negative interest rates through repo scandals through all the financial scandals the recovery on the show for 10 years every single one of those points to one underlying story in fact that wall street financial
their pockets at a rate that according to the rand corporation equals more than 50 trillion dollars so that is your smoking gun that s why we have social unrest that s why we have incredible wealth and income gap that s why we have such a distorted economy that s why wages are not keeping up that s why we ve got inflation raging that s your smoking gun end of story thank you it s been great have a great life no kidding as i said the rand corporation had revealed through daniel ellsberg the the sacrifice of all the young people that the then you know boomers were being sacrificed in the vietnam war for a point for no reason and the same here is basically their data showing that generation z. and the younger malani ells have also been sacrificed to this you know this this war on wealth that can t be won and here s what they say about the actual data so remember this when you see people this conflicts going on right now between boomers and you know they re the winners of the sit
not some back of the napkin approximation according to a groundbreaking new working paper by carcassi price catherine edwards of the rand corporation have the more equitable income distributions of the 3 decades following world war 2945 through 1974 really held steady the aggregate annual income of americans earning below the 90th percentile would have been $2.00 trillion dollars higher in the year 2018 alone this is an amount equal to nearly 12 percent of g.d.p. enough to more than double median income enough to pay every single american in the bottom 9 deciles an additional $1144.00 a month every month every single year see the jamison of the scam perpetrated by wall street and the likes of warren buffett and the people over a black rock and all the private equity firms and j.p. morgan and jamie diamond and all the global banks is that they take advantage of compound interest in a way that makes them multi 100 billionaires because it doesn t take my. much in terms of a perc