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Why Trump's Economy Is About To Crash
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6 жыл бұрынThe Federal Reserve just screwed us over… Cenk Uygur and Ana Kasparian, host of The Young Turks, break it down. To get even more TYT in your life, go to TYT.com/app and download our free app!
Read more here:
www.latimes.com...
"Federal Reserve officials believe the economic outlook warrants another interest rate hike "soon" but signaled they would allow inflation to go modestly above their 2% target - indicating they're in no rush to raise rates more aggressively.
That was the takeaway from the minutes released Wednesday of the Federal Open Market Committee, which met May 1-2 to discuss the nation's interest rate policy.”
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
@jesus713281 6 жыл бұрын
I'm a plumber and let me tell you most people can't afford a 200 dollar repair ..
@changjeffrey829 6 жыл бұрын
jesus flores where you live?
@SandraNelson063 6 жыл бұрын
I think you're right. I know my roommie and I have a dreadful time dealing with vet payments for the cats. We are on disability, we are below the poverty line. When the car needs work we rely on my roommie's relatives for help.
@RandallJamesPeterson 6 жыл бұрын
Bubbles McGee is so right, Sandra shouldn't have health problems.
@noelbartley1084 6 жыл бұрын
Are you that cruel is, it peoples fault when they are overtaken by health issues ; do not say anything if you just want to talk for talk sake?
@vickyabramowitz4919 6 жыл бұрын
+Bubbles McGee So in other words, if you ever become disabled, it will be your fault.
@leftyjoness 6 жыл бұрын
The sad part about the record high credit card debt America has is that _student loan_ debt is even higher, and you can't even file bankruptcy on it. It's so bizarre how we financially punish people for wanting a higher education or for getting sick.
@celmser 6 жыл бұрын
do you think trump will ever apologize to john mccain for degrading his service as a war hero?
@Maya-ls3ky 6 жыл бұрын
Lefty Jones Its going to collapse as more younger people grow up and cannot really make it I believe there will be another depression and that will open people up that religious conservatives should never have power
@pastorhaze9509 6 жыл бұрын
alaskanmes 😂😂 u sound like u haven’t even graduated high school yet.
@jorinryms2943 6 жыл бұрын
If Trump were a real human, then yes.
@Frost517 6 жыл бұрын
You aren’t “punished”. You make a bill, you pay for it: YOURSELF. The people being punished are the workers in failed leftist democrat states who have seen their jobs taxed away and shipped abroad and Democrats use school and property taxes to steal their homes.
@vincentsaia6545 6 жыл бұрын
If you're flipping burgers at Burger King for 20 hours a week at $8 an hour you're counted as employed!
@tannerbartkowicz2960 5 жыл бұрын
Burger king is a job not a career. If you dont try to move up the ladder its your fault for staying poor. There are better jobs that lead to prosperous careers. I started at dq at 5$hr and i moved on. Quit being a bunch of snowflakes and get a better job.
@eschwarz1003 5 жыл бұрын
and people who invested tons of money in education for higher paying career jobs just gave up when TDump elected; thinking, forget holding out looking for whichever career work, I better just forfeit now to full time low wage. Unemployment numbers rise.
@GranukeGamingProductions 5 жыл бұрын
It depends on a multitude of factors. Like if you're a student or minor.
@normappleton3944 5 жыл бұрын
@e schwarz - was that supposed to be a coherent sentence? Or are you now blaming Trump for idiots who took out $100k loans to major in Gender Studies and are shocked that they can’t get a job that pays more than minimum wage with that degree?
@GreatAffinityProductions 4 жыл бұрын
Correct! Because "employment" does not equal "good employment." It's designed to test if you're "alive" not if you're "well."
@compresswealthdivideeconom3757 6 жыл бұрын
No, again, dig deeply into the BLS data. I and others have come up with similar actual unemployment rates ranging from 23-26 percent. The unemployment rate is not low. It's a lie!
@jancerny8109 6 жыл бұрын
A LOT of wealthy people voted for Trump. It was, at least in part, naked greed that elected him, not economic anger.
@ewqdsacxz765 6 жыл бұрын
The rich are a small group, less than 5%, maybe less than 2%. They don't win elections by voting; they win elections by duping the majority of the population.
@Wilcopc1 6 жыл бұрын
Actually, it was naked green and a hell of a lot of ignorance!
@jordanmyers1450 6 жыл бұрын
Tommyo B so wait are we nazis or zionist shills?
@jordanmyers1450 6 жыл бұрын
john doe its like the left soesnt understand how raising taxes to help pay for the costs of illegals and social programs will make tax payers vote agianst them and/or inevitably flee their control. The socialists call it capital flight and blame it on peoples greed when they want to take everyones money(that those people actually worked for) and redistribute it till the nation fails. The left is a farce and laughing stock to anyone capable of critical thought and thinking for themselves.
@cgarv101 6 жыл бұрын
Actually the average Trump voters income is over $51K/ year
@SuperToughnut 6 жыл бұрын
Will Trump voters be affected by this? Will it make them angry? Will they react appropriately and not vote for Republicans in the future?
@jackrodriguez3404 6 жыл бұрын
Toughnut republicans are to blame for credit debts? Damn asses
@SuperToughnut 6 жыл бұрын
Jack Rodriguez I agree Republicans are damn asses.
@Arational 6 жыл бұрын
Foxwashing is a powerful mind control tool which is most effective on those with sub 100 IQs.
@UberHeroMystic 6 жыл бұрын
Nah. They're too stupid to see the forest from the trees. They'll still vote red, even if the next red president is Satan himself. Funny how they both share the same color.
@braziliangator 6 жыл бұрын
Same with medical insurance... either you serve your corporate master or you will have no healthcare. This leverage corporations have over people will keep reducing the quality of the workplace, destroy work life balance and drive wages down to floor.
@charlesfarmer3089 5 жыл бұрын
Wow!!! 4 months later, and the economy is even stronger.
@jihanraiyan3303 4 жыл бұрын
Me reading this now: LMAOOOOOOO
@charlesfarmer3089 4 жыл бұрын
@@jihanraiyan3303 keep on laughing. All of you dumbass Democrats have all but handed Trump his 2nd term. BLM is putting the icing on the cake. We don't need your help, but it is appreciated. Keep up the good work.
@jihanraiyan3303 4 жыл бұрын
@@charlesfarmer3089 there's no way Trump will be reelected with just the economy in a recession alone
@kaisofine 6 жыл бұрын
Yes, people better try an find recession proof jobs now. Save your money now, because this is not going to end well.
@BLM_Big_Lipped_Marxist 6 жыл бұрын
You related to the Predator?
@raulcruz6601 6 жыл бұрын
Money is not what you think if you are referring to dollars. They will turn into what they really are soon. Paper
@kaisofine 6 жыл бұрын
Adam Shell is that your of saying I'm beautiful? Thanks.
@user-lu6yg3vk9z 5 жыл бұрын
THERE IS NO RECESSION PROFF JOBS!!!!!!!!!!!!!!!
@drumpf976 6 жыл бұрын
Yup. A poorly regulated economy has historically caused economic recessions/crashes each 5-8 years. Trump-style deregulation will just accelerate this. Hence, I just sold my stocks few weeks ago.
@spencerreed960 6 жыл бұрын
see ya loser
@janelin6083 6 жыл бұрын
Spencer Reed moron, the markets haven't budged all 2018. You'd make more money investing in a kid's savings account than Trump's Dow.
@Arational 6 жыл бұрын
The economic recessions/crashes have been created during Republican administrations since Nixon, yet they continually claim to be the party of fiscal responsibility. Their tax giveaways to the rich hurt the rest and the overall economy. It has been the Democrats who have rescued the economy and put laws in place to limit future collapses. Those same laws are gutted as soon as the Republicans get power back, setting up the next recession/collapse.
@kennyljs 6 жыл бұрын
Start crying when the stock market goes up some more. You will be Regretting not getting that extra moolah.
@Frost517 6 жыл бұрын
Jane Lin actually I bought one of the many dips and cleared a grand. What savings account pays that much in interest? Certainly not any that came from the obama administration lmfao...
@hellcat1988 6 жыл бұрын
This is why I NEVER buy anything on credit. If I can't afford it, I don't need it. If I can't save for it, it's not something I should be considering.
@sandywilson867 6 жыл бұрын
My own feelings on the matter , bravo Hellcat , bravo .
@NotShowingOff 6 жыл бұрын
So when you’re about the have a heart attack, and you don’t have insurance, or when you lose your job and can’t make the mortgage, what do you do?
@ataconazi 6 жыл бұрын
you should never use anything but a credit card for purchases if you ever plan on buying a home. you're also missing out on a ton of cashback/other bonuses. just pay the balance off every month...
@barneymiller7894 6 жыл бұрын
Truth, i also have zero desire to own a home.
@Eusantdac 6 жыл бұрын
Missing out on cashback lol That's the marketing scheme to get You to buy useless crap You don;t actually need. I don;t pay with credit cards, or interact. I don;t like to be tracked. I use cash and like the initial post say: if I don;t have the cash, I don;t buy it. (I already own a house.)
@minniemouse997 6 жыл бұрын
I used to be debt free, had savings and investments. Today, I am sinking in debt just to tread water. This is worse than the great Recession. I have been at the same job since 2003. I was paid $115 a day, gas was $1.30, rent was $950, and a mid sized car $16,000. Today I make $135, taxes increased 4 percent, rent is $1750 A month, a car is $28,500 and gas is $3.85. Fullerton, California. 2018. I have a Master's degree.
@edspeece9641 5 жыл бұрын
As a retiree with a lot of extra time, I went to see a group of famous economists talk about the economy today. I mean, why not? It’s very cold air conditioning, free coffee and lunch, and it’s a break from learning stuff that I am never going to use. All of these eggheads said about the same thing: The economy is still growing, unemployment is down again, wages, investment, and spending are all up, and the fed is not planning on raising interest rates any time soon because inflation has stayed below 2%, BUT the economy is in a maturing part of its cycle, meaning that industry and housing are slowing things down. Because of the nature of capitalism, the economy will adjust and adapt, it’s just time to lower risk to about 50% of what I had. When Trump took over, I moved everything into high yield bonds and the rest is history. I asked if Trumps tariffs would do anything and they said that foreign trade was only 5%-10% of our GDP, so no. What Anna was talking about was a year ago, maybe it was true back then but, you know... MAGA! 🇺🇸Trump 2020🇺🇸 😎
@jessetorres8738 6 жыл бұрын
I was in middle school during the last financial crash. I just graduated from college and worried another financial crash will happen soon.
@alfonsotorres4580 6 жыл бұрын
Jesse Torres Same here, I was only 21 years old when the economy almost crashed in September 2008. I've remembered the gas prices went up to $5.00 USD per gallon, and a lot people were laid off back then, and all my school mates had no other choice but to drop out because the college tuition was getting expensive, and it went to $13.00 USD to $46.00 USD per unit today.
@WyntheRogue 6 жыл бұрын
Now it's even worse thanks to cunts like De Vos
@flatearthfatboy9589 6 жыл бұрын
Worrying is from retards
@alfonsotorres4580 6 жыл бұрын
Flatearth Fatboy You should be, sumba$$.
@khadijahbindavid9518 6 жыл бұрын
Jesse Torres I just started high school when the crash happened, and I just graduated from college; I start my masters in the fall. Another financial crash is terrifying. Im not sure how my partner and I will ever be as successful as my parents.
@GameVeteran86 6 жыл бұрын
We are living in a house of cards and the wind is about to blow
@muhammeddeen7563 6 жыл бұрын
The best part is some democrat is going to be elected next and then the dems will be blamed for the economy that drumpf caused.
@Repented008 6 жыл бұрын
That ain't wind...it's a Chinese fart.
@LostLocal7 6 жыл бұрын
Blow me, idiot.
@trishameenaghan8009 6 жыл бұрын
Bloomberg founder and former Mayor of New York Mike Bloomberg told Donald Trump to hire people more intelligent than himself after the businessman and reality TV star was elected US President. Mr Bloomberg was speaking in Dublin yesterday at the launch of a new €80m building at the Royal College of Surgeons in Ireland (RCSI), designed to provided advanced healthcare education. The Boston-born businessman (76) is one of the wealthiest people in the world and has embarked on a major philanthropic programme. "The only time I talked to Donald Trump after he got elected was he let it be known that he wanted to get a call from me, so I called him," Mr Bloomberg told an audience at RCSI yesterday. "He said what should he do and I said, 'Build a team. Hire the best people because you don't know anything about this job'." "He said, 'Yes, I do', and I said, 'No, you don't. You're somebody coming in from outside, but there are ways that you still can be effective if you get the right people. So go out and get the smartest people, get people who are smarter than you are. And he informed me that there was nobody that fit that bill." Trump is an ASS!
@dentonfender8872 5 жыл бұрын
I just paid off my 20,000.00 dollar student loan on July 2018 borrowed in 2003 for a Bachelors degree at a California State University. I never did get a job in the area of study from that college. I ended up working sales type jobs starting in 2004. I already was suffering from knee joint deterioration from over use of steroids used in the 80's to fight Ulcerative Colitis. Both knee joints had to be replaced in 2009/10, and then my back developed a compression fracture that became progressively worse until 2012 where I was forced to retire from working. In 2017 my back is so bad that I can hardly get around. Today I am waiting for a Neurosurgeon to operate on my back. Maybe then I can start my life all over again. I am now 67 years old. Isn't life grand!
@ALTAIR2 6 жыл бұрын
And it going to hit red states hardest
@alfonsotorres4580 6 жыл бұрын
Jonathan Hill Sad but true.
@phatmantv 6 жыл бұрын
All you'll hear is... Dey tuk er JUUURBS 😲 THNX a lot Obummer!
@julieake3875 6 жыл бұрын
Thats ok, they will still think they are winning while the pack their belongings under a bridge.
@CosmicallyCrystal 6 жыл бұрын
Yep. It always does.
@rotellam 6 жыл бұрын
I won't shed any tears for the basket of deplorables who voted for a guy who promised to take away their Healthcare because they figured it would hurt people of color even more than it hurt them so it was a risk worth taking. But I feel terrible for the progressives from red states who didn't want this.
@BHallBrowser 6 жыл бұрын
A big, beautiful tower! Huge! All built on the sand.
@Balduran7 6 жыл бұрын
BHallBrowser *quicksand
@vanadium6021 5 жыл бұрын
>Be Democrat >See growing economy "ThIS Is OBaMAS EconOMY" >See crash "thIS is tRuMps FauLt"
@arturovillaluz2053 6 жыл бұрын
There are some people who believe that a guy who had 6 bankruptcies can improve our economy. That's beyond me.
@ZebulonCrawfordTheDesigner 6 жыл бұрын
I hope his Life crashes with the economy... and I mean it !!!
@nickatkinson3827 6 жыл бұрын
I'm reporting you
@Frost517 6 жыл бұрын
Because a Republican gets us employed and cuts our taxes on top while a communist Democrat wants us all to suffer endless poverty and murder our elected officials. LOL
@nickatkinson3827 6 жыл бұрын
+Zebulon Crawford I showed the cops you posting threats on the president
@sunlight-sky151 6 жыл бұрын
He said he hopes, he didn't threaten anything you insecure trumptards.
@nickatkinson3827 6 жыл бұрын
+AK47 LCOB I'm not a trump supporter I'm for Bernie you idiot
@aztr0k1d 6 жыл бұрын
Anyone that says the economy got better please prove how 🤷🏾♂️ The “economy ” not things about stock or virtual currency Edit: Yes stock represents our economy but on a consumer/market level not education or medical benefits etc.
@srb2az141 6 жыл бұрын
Jalend Hall stocks directly represent the economy so yes since stocks are up so is our economy.
@srb2az141 6 жыл бұрын
Jackie Blue how do I not listen? And as for not having an idea of what I'm talking about I have a portfolio thats says different
@VangeliRock 6 жыл бұрын
No it doesn't. You clearly out out of your league. The stock market is not the economy. Go do your homework.
@srb2az141 6 жыл бұрын
E K clearly you need to learn to think and comprehend words before you speak first I said the stock market directly represents the economy.
@srb2az141 6 жыл бұрын
WCUK Radio you forgot selling short since it seems the most appropriate in this case if a market is crashing
@SecondLifeDesigner 6 жыл бұрын
I said this over 8 years ago now. If Obama didn't address the root causes of the problems our country was facing and just tried to jump start the economy it will go OK for a short while but it will be a bubble that will break and when it does it will be worse than the first time. Thanks Obama! If you think Trump will make things better or can handle the next crash you are fooling yourself.
@martman1466 6 жыл бұрын
The 1% getting wealthier at an even faster rate than otherwise due to the tax cut, although being unnecessary (and increasing the national debt even more), is not, as Cenk says, a bubble.
@Balduran7 6 жыл бұрын
Trusting a conman is like building on quicksand.
@elgieswift3498 6 жыл бұрын
Eduardo Alfonso, I bet trump built a building on quicksand also. he is an abject failure at everything except ruining people's lives.
@mspixiedust100 6 жыл бұрын
Obummer right? I mean you did say conman
@MyEgoTripped 6 жыл бұрын
mspixiedust100 Oh look, another doltard pretend she doesn't know what a rancid piece of degenerate corrupt filth Trump is, how pathetic.
@andreanacalhoun9454 6 жыл бұрын
Eduardo Alfonso yep obama was a con man.
@maggierezac5820 6 жыл бұрын
+elgie swift, even better! Mar A Lago is sitting on a sinkhole! Check out the map at the USGS site. Just a bit more rain and....what? They are currently getting hammered with... rain! Oh sweet Karma! Peace all!
@MichaelMomany 6 жыл бұрын
Poor Americans you really have no idea what it means to be better off! Percent of people in Germany who use a credit card is 10% (80% paid off their balances in full each month) Percent of people in the U.S. who use a credit card is 78% (35% paid off their balances in full each month)
@MichaelMomany 6 жыл бұрын
And you know that our history is bad because Bubbles can Read?
@Redoralive 6 жыл бұрын
Bubbles McGee Probably why all the Nazis live in America.
@MichaelMomany 6 жыл бұрын
🤣🤣🤣🤣Leftover Nazi's!
@ferox965 6 жыл бұрын
I have lots of friends in Germany. They love it there.
@Excalibur_86 6 жыл бұрын
Bubbles McGee yeah but u wont get shot at ur own house by the cops in german
@chapdattext3167 6 жыл бұрын
Imagine they elect trump for 2020 despite the damage trump has been doing. The US would be beyond brain dead
@threeone6012 6 жыл бұрын
This video is 101% accurate but it's kind of infuriating. Debt at all levels has been growing faster than the economy since the 1980s! America used to have an industrial economy but Republicans and Democrats financialized it a long time ago. Trump's Presidency is a result of this problem, not the cause of it.
@KendrixTermina 6 жыл бұрын
* Looks at 1930 and 2008 * PLEASE DEAR LORD NO NOT AGAIN THIS WORLD will not survive This time it may even affect africa & asia which werent as plugged into the international market before
@beautifulwoman6744 6 жыл бұрын
ranger1000 you are one bitter salty bot.
@beautifulwoman6744 6 жыл бұрын
ranger1000 most of your comments are hateful to liberals and facts.
@noybw2 6 жыл бұрын
"Employment" - working 1/2 day/week or 3-4 crappy part-time jobs with unreliable wages due to unannounced hours cut-backs; across the board union dues that fail to differentiate between ft/pt; no benefits, no possible way of taking time off...the American dream!
@thehypnotoad3869 6 жыл бұрын
noybw2 , talk about slaving from the cradle to the grave! unfortunately there's not much to look forward to until 2020. I wish you well!
@MrAltamil 6 жыл бұрын
noybw
@noybw2 6 жыл бұрын
Ha!
@tinahaynes696 6 жыл бұрын
That many people to be in big trouble over a 400 dollar emergency is dangerous
@mop3836 6 жыл бұрын
Anyone else tired of reading "Trump (insert policy here) is about to collapse!" How about you focus on reporting FACTS instead of opinions?
@Ou8y2k2 6 жыл бұрын
You didn't mention the tech bubble. Over 80% of tech stocks are overpriced, more than the dot-com bust. If any of these bubbles burst, look out!
@hillarybm92 6 жыл бұрын
Ou8y2k2 tech stocks are nowhere near the insane PEs of the dot com bubble. What makes u think this? Not saying won't have correction but not crash
@PhedelCastro 6 жыл бұрын
Ou8y2k2 why do you say this sector is overpriced? What evidence do you have for this?
@OMG_BeCkY 6 жыл бұрын
If? I think you mean when.
@jeffperteet2327 6 жыл бұрын
Ou8y2k2 Tech is under attack by this administration so there was little alternative ending
@hillarybm92 6 жыл бұрын
5 minutes ago he has no evidence
@zoomdaddyo 6 жыл бұрын
Capitalism is eating itself.
@williiamwindsor9463 6 жыл бұрын
Trump's picture looks like he has had one too many cheese burgers and is having a hard time passing them.
@Astrobrant2 6 жыл бұрын
True, 5.05% doesn't sound like much, but a $30,000 debt paid over a 30 year period is $101,523 in interest.
@pianoman9685 6 жыл бұрын
Time to look at alternatives to capitalism which is devouring itself taking those who are not part of the top 1% with it.
@fredrickdeliusjr.822 6 жыл бұрын
piano man - Sergei!
@dayneclegg5064 6 жыл бұрын
Capitalism is great in a short burst. It eventually eats itself due to greed. We're in late stage capitalism right now on a downward trend. We let the big ones get too big. Trickle down only works if the top isn't the most absorbent sponge known to man.
@azurbleu4335 6 жыл бұрын
piano man Jewish banksters killed Capitalism in the 80s . Today it's a worldwide corrupted Financial system
@steveborkowski4330 6 жыл бұрын
Capitalism is NOT the problem. With big government involved in the economy to such a large degree, it is killing TRUE capitalism. I.E., the greatest supply of goods, at the lowest prices.
@azurbleu4335 6 жыл бұрын
Google JUNK BONDS . The end of grand pa capitalism . The beggining of Financial system . The rest are just consequences
@sarge420 6 жыл бұрын
The Top1% won’t notice one bit when the economy crashes. Making the Middle Class disappearing.
@Shayy83 6 жыл бұрын
COULD WE ALL JUST STOP AND TAKE A LOOK AT THE THUMBNAIL OF THIS VIDEO PLEASE 👀👀😨...the face only a mother could ❤.
@richardburns6305 6 жыл бұрын
Back in 2004 / 2005, I worked a managers job. Starting pay was about $650.00 per week. Fast forward 13 years later, guess what a very similar job pays ; weekly that is ? About $650.00 per week. Everything has gone up significantly except wages.
@anitaclarke7085 6 жыл бұрын
Capitalism is just another word for socialism for the RICH !
@ephraimsimable 6 жыл бұрын
anita clarke wrong
@despotzapper 6 жыл бұрын
You are talking about crony capitalism not true capitalism. Crony capitalists prey on the weak minds of those who don't know finance as well as they should at all. Like When the Fed Res. Board always talks in riddles to Congress and they then do what ever FED RES demands ,we will always blame our leaders for every economic snafu.But Fed Res and World Bank, IMF and all their siblings are the criminal element in every crooked deal. Obama and his predecessor were not given options that would ease every American encumbered wallet because you and I are pushed to the margins as their chattel. The song This land is your land Come to mind because it's a parody. Evil Financiers. buy and sell the same acreage over and over. Pay your mortgage on time or be ruined and be damned. Am I jealous because I did not know how to work that scam for my own betterment ?? A little but I never craved Villainy as my path to financial success. A sound contingency plan is to finally hold these institutions leaders as criminally responsible for the economic ruin they so irreverently impose on us every few years. Stringing them up and hanging them high may finally purge their vocabulary of deceit from the American Lexicon
@chrishudson9525 6 жыл бұрын
Socialism is another word for poverty, for ALL!
@TheBushdoctor68 6 жыл бұрын
Sure you've lost everything about your country to be proud of, but you know what: You still got the prettiest flag.
@shahrukh.f4790 6 жыл бұрын
TheBushdoctor68 DON'T GIVE TRUMP IDEAS!!
@nah7589 6 жыл бұрын
TheBushdoctor68 that’s fair
@positionthepositron 6 жыл бұрын
TheBushdoctor68 Idk you seen Israel? Even Emerates got that shimmer sparkle.
@GARY84ROCKS 6 жыл бұрын
*AMERICA IS FIRST BECAUSE ITS THE BEST.... OTHERS SUFFER*
@kezkezooie8595 6 жыл бұрын
It was based on the East India Trading Company flag.
@nicollnery9031 5 жыл бұрын
And thats why I watch american shows. The news here in Brazil started saying that Trump had fixed the economy of the USA and I was like Whaaaaat? kkkkkkkk
@cosmicartsastrologicalserv242 5 жыл бұрын
If I had it to do over again, I wouldn't go to college again. I came out with 50K in debt and worked a minimum wage job. The payment for the loan ate up 3/4 of my pay each month. I paid it down by half then got laid off. The fees have brought it back up to 50K again. Add to that a major surgery and I had a bankruptcy at age 30.
@KamAroundTheWorld 6 жыл бұрын
When TYT crushes my spirit, at least I know what the truth is.
@redwoods7370 6 жыл бұрын
Get out of stocks if you are near retirement. You won't be able to recover your losses. I know from experience.
@ph11p3540 6 жыл бұрын
I am glad I do not live in the US right now. You were the best damn country but you are being left in the dust as the rest of the world moves on. You built a second wall, now you must pay for it.
@thehellyousay 6 жыл бұрын
when was america ever the "best" damned country. damned country, certainly, but best? oh, it is for laughing i piss my pants.
@lostmyjob2766 5 жыл бұрын
@@thehellyousay America is the best country to Americans'
@scottandrewhutchins 6 жыл бұрын
I'm running for Congress and have $66k in student debt. Now I'm homeless.
@everythingafrica5533 6 жыл бұрын
The Fed need to do something about these student loan
@ellisjames7192 6 жыл бұрын
I do not care about student loans. I had a student loan, I PAID IT OFF. Student loans are the least of my concerns. We all have our crosses to bear.
@everythingafrica5533 6 жыл бұрын
Ellis James lucky you. Well a lot of other people do care about student loans
@bobicarl3816 6 жыл бұрын
President Trump wants to forgive student loads for disabled vets. That's the beginning.
@Arational 6 жыл бұрын
It is not so much the student loans but the astronomical cost of Universities as compared with others in the G7.
@leovolont 6 жыл бұрын
Hi Ellis, Well, if you ALREADY paid it off, then that was a while back, wasn't it. May I ask, what Degrees do you hold? You see, a lot of the kids today, because there are no jobs worth stopping their Academic Careers for, simply take out more loans and keep in the University System until they get as far as they can go. And THEN they try to find a Career. You know, the situation has only gotten worse over time. Yes, maybe you made the right decision about limiting your exposure to Student Loan Debt, but how is your present career going. These kids running around with PhD's will be hard to compete against. Yes, they will have to Work to the Grave because they will never be able to put away the first nickle for retirement, BUT until they die they will always have had the Best Credentials for their Careers. So, we are in a Situation where it is BAD to have a lot of Student Debt, and BAD to NOT have a lot of Student Debt. So, that is what we call a REAL Problem.
@TetraTerezi 6 жыл бұрын
im applying for disability for ptsd. i've got less than 1000 bucks in the bank. Poverty is real and today i debated what bills i really need to pay, like i do every month. Wish us luck
@vincentreyes3872 6 жыл бұрын
Trump wants to be a legend in his own mind
@glennv3176 6 жыл бұрын
I bet you have PTSD because someone used the wrong pronouns
@Paufit 6 жыл бұрын
Warren Buffet publicly stated that the tax cuts, "I did not need them, want them, nor did I earn them" gave him 29 billion a year. That is enough to give 29 million workers (one fourth of full time work force) a $1000.00 bonus.
@keineahnung6124 6 жыл бұрын
When the first lady of the USA wears a 50 K Dollar jacket one time to an event,and never again,and most people live on less than that in a year, there is something fundamentally wrong."let them eat cake" famous words by Marie Antoinette.
@j.f.fisher5318 6 жыл бұрын
I was just saying to a friend "I get the feeling that there's a recession coming. High gas prices. It sounds like inflation going up. I don't shop a lot but it seems like their staff are stretched thin. I dunno, reminds me of the run up to the last recession."
@jhtaguchi 6 жыл бұрын
Our country is sick. It is run by the elitist rich. It wasn't always this way. I am about to retire. My parents were small farmers who were able to pay tuition for 2 kids, bought a home, never created credit card debt. I bought a home when I was young and married. We were able to refinance at lower rates. I saved money in IRAs. We kept our expenses down. We pay off our credit cards every month. Young people don't have a chance now.
@foxfiresidechats5227 6 жыл бұрын
J Taguchi lies
@anjavandeneynde9702 6 жыл бұрын
When I see the picture of this vidio and I see the face of Trump, I ask myself " is orange the new black" ? Hahahahahaha ... Obama black and Trump orange :-)
@virginiamoar7428 6 жыл бұрын
Debt is slavery... Anyone who thought a "billionaire" who has never worked a day in his life actually cared for the little people, you need to realise what you bought is what you own.
@senorashish 6 жыл бұрын
Aaaaaand the cycle continues... Republican gets into office, economy tanks, and a Democrat comes into office and mops up the mess. It's been the same damn cycle since 1988.
@photonboy999 6 жыл бұрын
AUTOMATION will be the big killer... I've seen estimates that unemployment (which can be calculated under different models) will go from 4% to 20% by 2040 and theoretically 95% of jobs could at some point be done by a machine or smart software application... exceptions including jobs like spiritual leaders. DRIVERLESS VEHICLES alone will kill the taxi and goods transportation system jobs! Assembly line workers are slowly being pushed out. Cashiers? Jobs lost already to self-pay stations... Already there are plans to have GROCERY STORES utilize robots to stock goods. So robots will make the goods, deliver the goods, stock the goods and YOU will check those goods out yourself and pay with... what money?
@stardude2006 6 жыл бұрын
Jeffrey Photonboy Correct !
@BlunderCity 6 жыл бұрын
How do you explain that the country with the higher number of robots, Japan, has the lowest rate of unemployment in the developed world? And the country with the highest number of robots in Europe, Germany, also has the lowest rate of unemployment in Europe?
@photonboy999 6 жыл бұрын
BlunderCity, I can't begin to explain the complexities of Japan's economy in a short comment, but LOGIC dictates that eventually automation will take over. Even in Japan. Japan is simply well managed with strong exports. They are even automating to offset insufficient labor. I'm talking in general and more long term. It all boils down to businesses wanting to make money. If a TRUCK COMPANY has driverless vehicles that cost less to run, they can charge less thus get the business. It's as simple as that. GOVERNMENTS will have to step in to distribute wealth and do make-work projects so people are "employed" at some point. Heck, we're stepping into potential Socialism models here but that's reality.
@BlunderCity 6 жыл бұрын
Oh you could explain how all this works if you knew anything about it. You are not limited in the number of characters here. Let's take your example of the truck company. They get rid of their drivers and have driverless vehicles do the deliveries, lowering their costs and hence the price for consumers of trucking services. Those consumers in turn have more money to spend it on other things. That creates jobs. And this is what happens to all the countries that have introduced automation. You logic that "automation will take over" (and we're all fucked) is a static view of the world and this is where you are wrong. You are simply using simplistic logic and assume that the world will be the exact same except robots will be employed instead of humans. You are ignoring the dynamics of robotisation and how it likely to change the economy. The introduction of robots, or rather, the expansion of its presence in the workforce (they already exist everywhere in industry), will make the economy far more efficient than it is now leading to higher purchasing power for consumer, increased innovation, leasing to the creating of new jobs, and perhaps even lower working hours. And it's a given that work will be far less painful and safety will dramatically increase. Automation in factories is one of the big reasons why we have computers today and far more engineers than we ever had.
@ongogablogian3431 6 жыл бұрын
Capitalism is undermining and destroying itself. This economic model is being used to stagnate workers' wages and increase layoffs to incorporate more automation. Like you alluded to - who will pay for the goods companies produce when no one can earn money? Our economy focuses on short-term profits at the expense of long-term prosperity.
@tomitstube 6 жыл бұрын
corporations who got massive amounts of money in tax cuts have said recently they are done with bonuses and raises for their workers, of course those raises and bonuses were very rare to begin with and it was largely blown out of proportion by guess who? the corporate media.
@michaelstreich7734 6 жыл бұрын
I invest my money in Lottery tickets!
@sherylhutton138 6 жыл бұрын
I truly agree with you because even my life has not changed for the better it is very stagnant and even my sons who were very smart to get scholarships are still in debt to the fed student loans and can't get ahead. They are living in apartments instead of houses and. I feel for them every day. So far they don't have families to really see the difference that could make. Yes, "EVERYTHING THAT GOES UP MUST ALSO COME DOWN". as the saying goes. I know it has to burst sometime and I am waiting for that to happen again.
@BlunderCity 6 жыл бұрын
So you based you arguments on anecdotal evidence you see around you?
@tastyfrzz1 6 жыл бұрын
Gas prices up 30%
@LostLocal7 6 жыл бұрын
Because the markets never fluctuate over the slightest breeze in the wind and companies never ever take advantage to the smallest of shake-ups.
@gregf9160 6 жыл бұрын
$400 is less than these people spend on lunch. It's disgraceful.
@michaeltester2537 5 жыл бұрын
When the trump trolls realize Trump has only put a bandaid on a gushing wound just be a laugh at that point
@MarkDice 6 жыл бұрын
4.1% GDP snowflakes! hahaha
@pete_lind 6 жыл бұрын
2,7 % ... rest was pre paid soya beans ... and that was 3 month GDP not whole year B Clinton had 19 quarters with higher than 4,1 % GDP ... let hear you cheer for that
@TheEtbetween 6 жыл бұрын
Have you gotten any raises this year? What about your friends? Have they been shouting I made it? Always look at your immediate circumstances . Don’t just believe.
@oscarromano5996 6 жыл бұрын
I'm actually happy that they leave their comments open and allow people like you to comment.
@geoffhorvath3261 6 жыл бұрын
Over the last 9 years, I was disturbingly upside down and couldn't sell my old house without writing a $30,000 check to pay for value depreciation. The only feasible option I had was to rent it out which sucked and nearly destroyed the place . With the market surging as strong and quickly as it has, both of my houses had such an increase in value that I sold them both at higher than listed price due to multiple bids. Our new home is bought and paid for with the equity from my 2 previous house sales and we are debt free! I'm feelin' it!
@brucemcdonald1114 6 жыл бұрын
Mark Dice wages stagnate while inflation increases. Net loss in wealth for average workers. Tax cuts going to wealthiest demographic goes towards stock buy backs and dividends for stock holders...not trickle down to employees. Deficit is on the rise and potus is planning to spend tax dollars on useless wall, space wars, and vanity parades. Meanwhile, Puerto Rico, California,Texas, infrastructure,education, environment, endangered animals and health care, Flint Michigan can all kiss his ass. Tired of winning yet?
@christianknuchel 6 жыл бұрын
Cenk is coming such a long way towards the progressive side. From 2016 when he exclaimed that he just understood why college tuition is such a big deal, to pointing out how student loan debt is subjecting people to corporate interests. I'm waiting for the time Cenk starts realizing the importance of worker cooperatives. :)
@raulepure9840 6 жыл бұрын
Go to N. Korea if you love those worker cooperatives so much
@charlesparadise969 5 жыл бұрын
Ever heard of Esops
@bing2879 6 жыл бұрын
I don’t think I trust the same person that said she pretty much hated people that voted for Trump, and that she hated Trump with my information on what is going on in America today.
@ToFester 6 жыл бұрын
What type of outcome did they think would happen from a man who had to file bankruptcy SIX times.
@kharnthebetrayero9036 6 жыл бұрын
61,000 dollars a year isn't a lot of money most entry level jobs pay 20,000 dollars a year. We are talking about 1 percent of top income and complaining about 61,000 dollars is a drop in the bucket.
6 жыл бұрын
kharn the betrayer O the 1% would get more like an average of $6,100,000 versus $61k??? They did say 1% right? Ok just checking.
@grouchypus 6 жыл бұрын
400$ is a huge amount of money to me. I make around $800 a month
@guillermosanchez8843 6 жыл бұрын
If you had that amount of money you wouldn't be trolling here, you idiot.
@polsyg6581 6 жыл бұрын
give me sixty one thou then if it isnt a lot. thanks!
@kharnthebetrayero9036 6 жыл бұрын
You all can't read I said if we are talking about the top income. Also government shouldn't take from one segment of the population to give to another.
@kingslurpee6849 6 жыл бұрын
OMEGALUL He is ultra orange in the thumbnail.
@derlinclair4867 5 жыл бұрын
He just looks like a big Orange blob!
@waverly2468 6 жыл бұрын
Some of us already know all of this, but thank you for a spot-on commentary (for once). Why no mention of the pension bubble? States, cities, and school districts have $6 trillion in unfunded pension liabilities. The striking teachers you supported so vigorously rang up $1.5 trillion of that debt load. And yet you want to give them a raise and let them ring up more debt for the economy to choke on. If you want to list all of the debt bubbles that will crash the economy, you can't leave out the pension bubble.
@bobpeters61 6 жыл бұрын
That "sub-prime auto loans" figure is skewed by "tote the note" dealers who deliberately set up payment schedules they think the customer can't afford hoping to repo and re-sell the same car again and again.
@dzobie 6 жыл бұрын
I knew something was up. I've been looking around at Trump's record low unemployment. Only thing that's happened is more low wage jobs have been added.
@charlesparadise969 5 жыл бұрын
If you work 1 hr a week now you are considered employed. That's what has changed.
@danieldeluca4936 5 жыл бұрын
That is always the fallback excuse libtards like you come up with, when you can't deny the huge success of Capitalism. "Oh all those jobs are low wage jobs". Under Obama, all the jobs were part time jobs, and people were getting their hours cut in order for the company they worked for, to not have to pay for their health insurance.
@guve25 6 жыл бұрын
1. Blame Obama 2. Blame tax avoiding illegal immigrants 3. Blame the Democrats 4. Blame the Europeans, because China suddenly besties with America
@dihe1392 6 жыл бұрын
Michael Adhi Nugroho great sarcasm
@LostLocal7 6 жыл бұрын
Now that's an accurate list of actual problems.
@jdee8407 6 жыл бұрын
Those 4 points are the actual problem, so yeah it would be fair to do that.
@alphach1mp 6 жыл бұрын
You nailed it.
@sunglee8753 6 жыл бұрын
This was Obama's fault you idiot. You guys are so ignorant. Do some research on Quantitative easing. That was the Fed's monetary policy under the Obama administration
@DividedStates 5 жыл бұрын
Let me answer in famous quotes. 1:01 "Let them eat cake." - Marie-Antoinette (supposedly) 5:56 on student loans and stagnant vages: "If everybody is getting up on tiptoes, no one sees better" - Fred Hirsch (brit. economist), 70s. (inflation of graduation devalues education)
@Nonsequitor415 6 жыл бұрын
I have a question for Americans... why do you think your country's so great again?... I live in America, born here, but am a dual citizen... been to Europe many times... and if I were to go to grad school I'd go there... the most I'd pay is $3,000 and it's a quality education... a lot of other perks like no mass shootings and no where near the violent tendencies Americans seem to have. I should go you say? Yeah, I should... seriously. America is pretty much down the toilet.
@DaveGIS123 6 жыл бұрын
Many Americans are one paycheck away from poverty. Sad.
@Chuck10112 6 жыл бұрын
David Ramsay Many Americans live beyond their means and have children they can't afford. Sad.
@foxfiresidechats5227 6 жыл бұрын
Hey Dave!! Lol, is this really you????
@cassiestephenson509 6 жыл бұрын
Im a leftist. But I'm with the libertarians on this one. Its time to return to nature one way or another.
@laswastedyouth5677 6 жыл бұрын
Cassie Stephenson anarchism...
@Jonb01z28 6 жыл бұрын
All I hear is the government gave me all this debt, the government gave me low wages , the government is't helping the little man. No you gave yourself all that debt, you accepted the low wage, and expecting the government to help you is absurd. Let me set the record straight the government will never ever ever help you! Stop blaming and waiting on the government to help you cause it's not going to happen. The only person responsible for your success or failure is YOU!
@frankfrank1999 5 жыл бұрын
They should make Mr. Trump the spokesman for Cheetos.
@justanotheranimationchanne5725 6 жыл бұрын
Well...shoot
@williammartin7277 6 жыл бұрын
Dont take out student loans... I didnt nor will I ever condone it. home debt and car debt is okay though, since you can bankrupt it. The economy is doing pretty well.
@andreakae4211 6 жыл бұрын
Ryuichi Ikegami some people can’t serve because of medical issues.
@andreakae4211 6 жыл бұрын
Ryuichi Ikegami if you are in a wheelchair with MS the military doesn’t want you.
@andreakae4211 6 жыл бұрын
Ryuichi Ikegami not to even mention that a lot of people don’t want to join an organization that goes around the world invading countries and killing innocent civilians when we’re under no threat of harm or invasion. That shouldn’t be the only way to afford school.
@andreakae4211 6 жыл бұрын
Ryuichi Ikegami social security does not provide education benefits
@williammartin7277 6 жыл бұрын
I was in the navy. Now getting free college.
@LODZ61261 6 жыл бұрын
I remember one time hearing on the news that when the former chairman of the federal reserve Alan Greenspan was called the Washington to explain the derivatives bubble that foreman in the market end it fed chairman of the federal reserve Blankley told the congressman's to mind their own business that the Federal Reserve is a private institution And told congressman the Federal reserve do not concern government
@Tjalfe333 6 жыл бұрын
Simpsons allready told us this, President Lisa Simpson will have to clean up the mess
@brasco96 6 жыл бұрын
The only thing crashing is your credibility.
@audreymuzingo933 6 жыл бұрын
Got any facts to counter a single point made in the video?
@brasco96 6 жыл бұрын
Audrey Muzingo-Yes wages are not stagnate. Many people are getting bonuses and wage increases including myself. The unemployment is at the lowest level in 18 years. The black and Hispanic unemployment at the lowest level in decades. We now have more job openings then applicants. GDP has been well above 3% all year and expected to hit 4% by year end. You need to start watching real news so you will know these things. Did you know Trump is meeting with North Kores next week? Many positives going on with America but, you would never know watching TYT,CNN or MSNBC.
@johnfrancoarchuleta3259 6 жыл бұрын
Audrey Muzingo yeah one of the highest performing stocks on the stock market Nvidia has posted record blow out earnings quarter after quarter because tech is becoming more and more relevant not less lol
@JaneDoe-bj7qx 6 жыл бұрын
brasco96 totally agree with you.
@abcxyz123 6 жыл бұрын
@Jay Mailloux he was one of the few who predicted early on he could win the Republican nomination and the presidential election. Which sources are you viewing bro?
@thestraycat69 6 жыл бұрын
Though we would be in a similar situation with Hillary Clinton. Which is why I proudly voted Jill Stein.
@stevenporras798 6 жыл бұрын
JACk cross Bullshit excuse as to why you didn't vote for Hilary and essentially elected Trump.
@OfficialSeth 6 жыл бұрын
Hillary elected Trump by completely abandoning Wisconsin because she cared more about trying to flip Utah, a hardcore red state. Stop blaming third party voters for Hillary's own ineptitude.
@TunTheOfficial 6 жыл бұрын
JACk cross jill who?
@6immob66 6 жыл бұрын
JACk cross Voting for Hillary Clinton would've been a much wiser decision. Hopefully you'll come to realize you made a mistake. The idea is to beat the republicans not help them win.
@thehypnotoad3869 6 жыл бұрын
JACk cross , I think we'd be a lot closer to universal health care with hillary.
@susanbodell1459 6 жыл бұрын
But Trump gets more hotels and Ivanka gets more trademarks !
@RAOBANION 6 жыл бұрын
Wages in Tech have not gone up in CA for almost 20 years. Everything has doubled. Everyone is afraid of turning 65.
@KingQwerty 6 жыл бұрын
Didnt you say that a few months ago
@therock343 6 жыл бұрын
Qwerty1 source? Or you just screaming fake news like the rest of your right wing friends
@thisisthewatch2918 6 жыл бұрын
He's doing the same shit Bush did. I couldn't get a full time job in my city until Obama came in. So maybe you guys are very blessed with great mom's and jobs and shit. But this is reality for a lot of us. U can be cold if you want to, but don't claim to be Godly. He too remembers the blood you put on his name.
@GuttTruck 6 жыл бұрын
Qwerty1 Lugenpresse!!! DAS MUTTERLAND!!!
@RC-pb9gs 6 жыл бұрын
123gwf by disingenuous conservatives you mean every Republican lawmaker.
@jessicahildebrand9712 6 жыл бұрын
Qwerty1 yeah the writing has been on the wall for a few months now it’s just when. But it’s going to happen
@nichoffman8709 6 жыл бұрын
This information is wrong
@scottwilliam3470 6 жыл бұрын
Nic Hoffman then go to fox news
@nichoffman8709 6 жыл бұрын
ok thanks for the tip!
@jarenc2048 6 жыл бұрын
Nic Hoffman No, it’s not. And you’ll be looking at Fox like a sucker getting played.
@LostLocal7 6 жыл бұрын
No shit, it's TYT.
@zdeezy420 6 жыл бұрын
So I graduated high school in 2016 and so far I know 10 people who can’t afford college anymore and they’re at least 10k in debt!
@kaylw8013 6 жыл бұрын
But , remember the wonderful "tax break" we got this year. That extra 20 bucks a month should help the crisis
@sylviahaik6303 6 жыл бұрын
The Volvo CEO said about 370,000 jobs they create in USA. There is also a bigger number employed by BMW. If these jobs are lost there is a tragic consequence of the losses by the local suppliers, be it for parts for these companies, or the grocers supplying to the workers and finally they become ghost towns. This is what happened in UK when they shut down the coal mines.
@proudconservative6607 6 жыл бұрын
Economist says other wise
@xensonar9652 6 жыл бұрын
Link please.
@carolyndobry785 6 жыл бұрын
ThatGuyOnTheInternet show one time an economist ever predicted a downturn ?
@saltvadoor 6 жыл бұрын
But if they don’t increase interest rates, people will keep borrowing. Keeping low artificial interest rates 4 2 long is the problem. That’s what created this bubble. The longer they take 2 increase them the worse it’s going to be.
@RockinCowgirl1000 5 жыл бұрын
They didn't even bring up the tariffs, which are killing the farm economy. No big deal, you might think, only 1-2% of Americans are farmers. But the farm products we sell overseas makes up a huge amount of our national income. You cannot ruin the farm economy and not have it affect the rest of the economy. It happened in the 80's, it will happen again. We will be in another recession in a couple years.
@davidroberts1689 6 жыл бұрын
$61,000.00 is chump change to bankers, corporations, rich people. They don't even think about it.
@aoescool 6 жыл бұрын
SERIOUS QUESTION.. I have a 401k now with tons of money in it.. should I borrow from it if I get an idea that the market is about to crash and just get my money???
@tomekwolny5606 6 жыл бұрын
Why is there a credit bubble in auto loans? They didn’t explain that. If they are equating subprime auto loans with the GFC - they seem to forget the default swaps and derivatives built on top of those debts that caused the bubble to pop.
@ebrown0071 6 жыл бұрын
"Don't let anyone lie to you about how the economy is booming under Trump!" LOL that is the job of Fox News and Fox Business Channel!
@Vanderearden 6 жыл бұрын
One needs to understand the accounting gymnastics that the government is willing to do to get unemployment numbers so low. If you work 5 hours a week, your counted as fully employed now. My personal favorite, prison labor is now counted as full employment. Seeing as we incarcerate more people than any other nation, it makes sense that we counted them as fully employed.
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