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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 ....
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 ....
They had was 19 kids 6 there mostly going to get a look at them was the man who was not going to want to want to. Look at him in the pokey dont want to know the man. I was born in southern sudan during the blitz usual. And their day we had a bomb what a joy actually. We dont know what. It means to us coming together different people from the north souls was wherever they said you all are all sudanese and being sudanese this is what actually interested. Not not not not not not not not not wonderfully raises money and its really right to make you feel to be diplomatic get up let me through them. I was there post southern sudanese to join cinema production. One has a feeling that you are of importance interested in the society. What the dramas youre going to mom you looked at me i let you talk about a. Year to keep looking not. So good but now that i did i would definitely understand why. Because the people around. Oh you would be. I mean if you might be. Wrong. They would have the. Poten ....