Losing and this is the problem now with this economy in the u. S. The game of the u. S. Is now over because there is no path out there is no escape from the toxic debt there is no recovery at this point theres only how to manage the loss its going to be economic collapse with honor if Richard Nixon were in charge and this were to be the ms ation of the economy how do we honorably fail of course on this debt the deficit gets added to the National Debt every year like you know i remember when it 1st hit a trillion dollars and we were like wow and then it hit 10 trillion dollars somewhere and then now its like 2530. 00 china is just like escalating so rapidly and who knows like the whole time when i 1st had a trillion people were shocked and scared and then when it hit 10 trillion people like oh my god this cant last and then they hit 20 trillion and at 25 trillion and you know. And i get to a quadrillion and the world continue as it is but if feels like you know if youre comparing it to
That we have only one month left in fiscal 2020 the us a spent 6. 05 trillion and collected just 3. 048 trillion which means that its outlays are 100 percent more than its receipts many are asking why dont we do we even collect this 3 charlie and taxes why dont we just like print money for everybody right it brings up a lot of questions you know one thing is that the deficit is to you and us more than 100 percent of g. D. P. And thats true for countries around the world and some play 20300 percent g. D. P. But whats creeping up now is the interest on that deficit even at these low low Interest Rates near 0 percent Interest Rates that interest cost on the deficit is getting close to americas outlay for the military which is their biggest expense so usually what happens when in fact the interest on the debt gets to a point where that also equals your g. D. P. As a country you are technically in default and you are officially no longer a country what is left is a memory of a country you k
Like oh my god this cant last and then hit 20 trillion and at 25 trillion and you know you wonder how long it can go parabolic like can it get to 100 trillion can it get to a quadrillion and the world continue as it is but if feels like you know if youre comparing it to the game of monopoly that somebody is cheating and somebody is getting free goods and services and rental income and things like that right the dice are loaded right and when the bankers roll the dice they somehow always pascoe collect free money and get another property when everyone else rolls the dice somehow they end up a prison and so thats the way this game is played and thats why they wealth and income gap. Exploded polarization and the social unrest in america hasnt been this bad i think its worse than the vietnam war its you got to go back to the civil war to find social unrest as bad in america as it is today well you talked about you know you get it another property on this monopoly board you get handed that
There are more than 1000 have to merge houses here. And if youre lucky youll hear the bells ringing at the marketplace. When i was born and figure was located on the fringe of the German Federal republic germanys inner border read only a few kilometers from here it separated has end to lincoln and germany and all of europe for that matter into east and west but in 1909 the wall came down in berlin and the border between east germany and the federal republic was opened for the past 30 years no bigot has been at the heart of germany. Today i want to take you on a little tour along the border between hassett and well lives at places that still bear witness to the Cold War Division of germany and thats mick tims and well find out what has. Change since reunification turning a once heavily fortified death strip and so unattractive Tourist Destination. Will visit a small town torn apart in the cold war. Well check out castle one of the symbols of german reunification. And globetrotters steve
Oh max kaiser this is the kaiser report the response has been overwhelming people are demanding for staceys pro way kaiser report and you know as we continue with the lockdowns and the bailouts because of the lot downs from the coronavirus couvade 19 pandemic situation sweeping the world fairness is what justice really is and that was a quote from Potter Stewart who was a Supreme Court justice member Sandra Day Oconnor took over for him afterward fairness is what justice really is so as we look at these bailouts and the lack of fairness that weve seen. Since the intervention of the fed days so say in 1907 when the plunge Protection Team and Alan Greenspan came to the rescue of the bad bets made on wall street chicago. And ever since and weve had more and more and more unfair system it starts off a little bit unfair and as we see like a little change of direction way back then in history becomes a huge gap we see that with the wealth and income gaps and we see that with every single cra