Hello america azure this is the kaiser report a man to quick low dial 1800000000 extension 0000 more on this. Ok boomer you are a boomer and you sound like a boomer always loans loans loans debt debt well i want to start this episode with this theme of boomer which has gone viral of course and thats the millennium versus the boomers the millennial. Basically rising up ok theyre the biggest voting block on the in town and theyre. Asserting their power so 1st to put the context of whats going on in america thats ok boomer thing i want to look at this chart and this is only from 79122010 and it shows the u. S. National debt and the u. S. Annual g. D. P. Says he see from when we started our National Debt in 179100 all the way to just after a while where to we had almost no debt g. D. P. Stayed flat and now the least nominally our nominal g. D. P. Is going up rapidly but its almost entirely with debt and as we know from covering drone powell last week you know that is starting to we were ha
A boomer always loans loans loans debt debt well i want to start this episode with this theme of boomer which has gone viral of course and thats the millennium versus the boomers the millennial. Basically rising up ok theyre the biggest voting block on the in town and theyre searching asserting their power so 1st to put the context of whats going on in america thats ok boomer thing i want to look at this chart and this is only from 79122010 the shows the u. S. National debt and the u. S. Annual g. D. P. Says he see from when we started our National Debt in 17 9100. 00 all the way to just after a while where to we had almost no debt g. D. P. Stayed flat and now the least nominally our nominal g. D. P. Is going up rapidly but its almost entirely with debt and as we know from covering drone powell last week you know that is starting to we were having to create 3. 00 a day just for 1. 00 g. D. P. Said those are going to cross at one point but this is important to understand that this is th
View is that this is leading to feudalism or you have just a few private equity firms owning 98 percent of all the assets of everyone elses Living Service on that were getting back to the dark ages and in my view so were going to look at a few other stories to suggest yes there is the top 0 point one percent that you talk about but within that structure is allowed because the boomers got in 1st on this ponzi scheme we have a global free up ponzi scheme in the boomers were lucky enough to be right there when it started so were going to show you how they benefited most versus generation x. My generation which came after them and now millennial are doing even worse z. Forget them right fraction of us wealth owned by boomers and generation x. Are is when the average member of each was aged 35. 00 boomers and 1989 they owned 21. 00. Percent of us wealth generation x. In 2008 when they turned 358 percent so dropped by over 50 percent the average millennial turns 35 in 2023 right now they own
Hello america azure this is the kaiser report a man to a quick low dial 1800000 more on this station ok boomer you are a boomer and you sound like a boomer always loans loans loans debt debt well i want to start this episode with this theme of boomer which has gone viral of course and thats the millennium versus the boomers the millennial. Basically rising up ok theyre the biggest voting block on the in town and theyre searching asserting their power so 1st to put the context of whats going on in america this ok boomer thing i want to look at this chart and this is only from 79122010 and it shows the u. S. National debt and the u. S. Annual g. D. P. Says he see from when we started our National Debt in 17 9100. 00 all the way to just after a while where to we had almost no debt g. D. P. Stayed flat and now the least nominally our nominal g. D. P. Is going up rapidly but its almost entirely with debt and as we know from covering drone powell last week you know that is starting to we wer
Scientific research and. From political unknown to authoritarian ruler Russias Vladimir Putin marks 2 decades in office well ask our moscow correspondent whats behind this staying in power. And the cough really welcome to the show italy has been plunged into political crisis after the far right league party said it would go ahead with a no confidence motion against its own government thats after the party leader deputy Prime Minister Matteo Savini and nouns that his coalition with a populist 5 Star Movement had collapse over policy differences the Prime Minister accuses salvini of fabricating a potentially destabilizing crisis. This is not an election rally but it looks like mintier salvini is already gearing up for a vote. I do my job with my heart with with pride if i can do it freely and until the end i mean if i realize that someone is trying to stop me then the decision must go back to the italian people with no ifs and buts. You decide that you and no one else is not a people tha