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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 i ....
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 ....
The city now in its 5th day hundreds of flights have been canceled at one of the worlds busiest airports hong kongs government is continuing to stand behind a tougher Police Tactics after Security Forces said they were facing increasing violence anger at what protestors say is Police Brutality in dealing with them has fired up these airport demonstrations earlier in the day hong kongs embattled leader kerry lamb gave a press briefing to warn of the economic damage of closing the airport but gave no hint of backing away from hers and beijings resolute stance that chief executives responsibility is to ensure that hong kong remains a safe and orderly and law abiding city that is most responsibility because without the rule of law without law and order in hong kong it is extremely difficult to ensure the 7000000 people in ....
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 ....
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 paychec ....