tv Documentary RT July 23, 2017 9:29am-10:01am EDT
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yes. you can revolt against the dictator but what about the day after i think we as libyan people did not give much thought about that's and so they waged passion off the resolution does not build nations and it certainly does not build states. here's how it started with u.s. households sinking ever deeper into debt encouraged by the government and the banks to take out mortgages even those who did not have the means to do so. until the day the bubble burst this has been
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a historic sunday asterix at this hour the lehman brothers investment bank appears heading toward bankruptcy in two thousand and eight the poorest homeowners unable to meet their mortgage repayments began to massively sell off their properties the real estate market collapsed and along with the banks who become embroiled in these subprime loans. on september fifteenth two thousand and eight the death of lehman brothers the fourth largest u.s. investment bank marked the beginning of a huge financial and economic crisis that would spread worldwide. the likes of it had not been seen since the great depression of the thirty's a wave of corporate bankruptcy was followed with considerable loss of jobs. to people blame the bankers like here in iceland where eighty percent of the banking system collapsed and even more so in greece where the state teetered on the brink of bankruptcy. with the crisis of public
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debt skyrocketed as did household overindebtedness a veritable scourge that would affect one person in twenty in europe especially in the u.k. . five years ago me and my husband split up. i actually kicks my husband out and miss out a big impact on my children so i think i fell at the time then i had a lot of making up to do to them and at the time i thought that the way i needed to make up to them was financially so i would just throw money at them and christmases i would go ridiculous find ridiculous amounts of money like thousands of pounds on stuff they didn't need and work like they'd probably play with once then go in the water. so i straight away if i was stuck ten i did it i took out a loan but then one loan was not enough so i had to pay that loan back then i took another loan to pay the loan back and hold to start game bigger and the star get bigger and it was spiralling out of control. like
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many other british people sharon fell into the trap of easy credit with online catalogues where with a simple click one can buy all kinds of products on credit often with annual interest rates of up to thirty percent. it was so we say it was so easy to go online and go yeah it was my name my address my details yeah thank you very much money's in your account so i made them made it too easy for me to get into there. as for philip he took out loans to supplement his meager pension but he went under when the government abolished his council tax exoneration for the elderly. whether i do i did three very well the koori over them and we cured. roughly. or no wouldn't. because our god got so. to get
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built up so much that scared me so much. i didn't know what to do. i'd lost complete national company or were. going to answer the door because you were somebody looking for money. or were down to the phony. it was one of the clubs would i feel from pride that i compiled in that that money you know the bankers were helped by the government the banks got into trouble and all the big bankers got big. think on the government by the banks but i started think of the fortunately the ordinary men and women that. lost money so as a bank and so because the bank to banks have been helped but by the government. the infrastructure for the proof of the contrary all but disappeared you know there
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were a lot of coach. i'm just trying to make my own you were to me because it's changed yeah i'll go on if it is in front of me all right. thank. you. yes he wants to speak that's it ice that's fine let me let me get everything up here for you sharon regained hope thanks to the advisors at step change the u.k.'s largest debt charity which specializes in debt problems in two thousand and fifteen they advised on average over one thousand five hundred people a day because in the u.k. the price of economic recovery has been very liberal austerity measures the driving down of wages and drastic cuts in social welfare. the definition of problem is not straightforward our government defines it as anybody who has been at least
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three months behind their debts in the last six months that's eight point eight million people in the u.k. bad things can happen you know you become ill you lose your job your relationship breaks down here become a casualty most important in most circumstances is you get help to get back on your feet because the cost to why does the society of people being in there are huge over half the people who come to us have had to go and see their doctor about mental health or other issues just to give you certain general impulse buy some panic with the inforce city and they do need to me peaceful and healthy into sound because what they'll do them to do is to control did. so i know you know that it. takes you to keep the door shut just try it back again and so. at the time i felt like it was just may and i would else was financially following and it was only me. that was suffering. sorry. i thought i was the only
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one. that was actually have to deal with living like this and living with the fear of losing my head a milly's not upset being homeless with my children having my children taken away from aches i couldn't look after them properly. by way of a strange paradox people who are deeply in debt feel terribly alone and yet they are increasingly numerous. in france over one person in ten admits suffering from financial difficulties like dominic who was made redundant three years ago in strasbourg. he has resolved to go and see the creases association whose initials ironic stand for. regional chamber for social overindebted this
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has become a mainstay of social assistance for those who find themselves in a financial dead end twenty five associations in france six hundred voluntary staff who would like step change still engage in face to face interviews leak. if you want to. let go thank you. for you to feel. a lot on that of the. innocence i wanted to move through it was a joke. no. less interest royally that existence and looking. through almost everything. it was only for the thinking. that was. critical so much from so far. it's.
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and. as you who. are the voluntary advisors are often former bankers who now retired have decided to change sides as it were their kind of repentance here the volunteers share their past expertise like the chairman of cases strasburg. a former lawyer a voluntary advisor for ten years and a tireless militant in the fight against overindebtedness. last. movie the. day the don't. kick me tape ask. bustle.
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city for. cobol. to say. but also i said the unique model books it it that the sea sick of any dish if you. put it all in the yoko will conduct the city some point zero zero cost. us a new right i say i don't know small but i feel quite hot. for new york c c. c she did. fall in a slip there and your local. pub was a bit up the old if you contin fell me buddies you expect get up a sudden get necessary. call segues a cigar of made all that. supper to feel so why do you need me said i would call it was all said you've got to go to name that sick i'm still
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a bit up to. supply somebody that won't let up simple micky all they. say we could if i didn't your case you. give so crowd if i mustn't have sensed if i want you to prefer to school no chimp in use. said i'm out of town a feeling all. credit to you little itty there's been a good to have been increasing. who thought i had turned that little bit ago and. there's anybody. who can. see him. in iceland where the two thousand and eight crisis really hit hard fanny whose
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house was repossessed is now desperately looking for a new home. her debts had reached such a level that the government measures to reduce household indebtedness were insufficient to help her she's been taken in by her sister. imagine. the six thirty five if you have a career and a clear involves using your i phone in your computer and things like that in an office. perhaps you sort of killings and it's circular to. have to stop doing all this in this column you little minutes must be free my world became smaller and smaller and smaller until i ended up winning it in a box. at a very strong magnetic field on the field in my head. it's like
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a real hard pressure my skin burned and that wireless access point there just continues on saying with our students in the schools. we are just continually bathing our citizens in this microwave radiation it is certainly electro small and it's getting worse. as. the norm most get a little. bit lower than. plus i'm a lawyer but i. know both it was a problem but i guess i kind of it was silent except for the a dump a lot and just more serious.
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good area for him and. never really know for sure but this is. like many of the inhabitants of this little island in the north of europe. overindebted despite having made no mistakes because here most mortgages are consumer price index yet due to the crisis and the fifty percent devaluation of the icelandic currency inflation soared as a result mortgage payments suddenly doubled and many icelanders found themselves drowning in debt.
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as long as a person can pay off their loans they were given the red carpet treatment everywhere but once that person can no longer meet their repayments things get more complicated today most consumer credit companies have been acquired by major banks such as. by credit. whose debt collection agency i'm very eager to stay in touch with our clients. get this trucking pretty simple and if you need congress to. do something. that will save you. well. i think you have a certain point you. don't want their action against. this wilderness. if it. fails he insult me.
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do you david this you'll was that it is a. little that that i'm a multi seeking welcome does all. the usual. daily phone need to keep this shit on they take it as it was it made them an all star no money member we me it was it i was ina do the damage they was a make of it was invert the see would ever use as well as cooper like let me spend them said only not. to trust one critter. want to tell us more not a lot of prattle to. do you want to know i. do trust. your not clearly to steer through don't concern me or didn't you or your was.
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involved some to film. a deal was a simple something i need to. keep if you nine hundred dear she to see to see to to know the strain create the suppressor and once you want it. in the autumn of two thousand and eleven americans took to the streets on mass to protest against the greed and cynicism of their banks huge profits selling toxic subprime loans to probably knew that if they got into trouble the state would step in to eventually bail them out because given their financial clout the whole system would collapse if they were to go under there were simply too big to fail.
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one of the leading figures in the occupy wall street movement is the american anthropologist david graber a specialist in the history of debt and one of the inventors of the slogan we are the ninety nine percent of those who own less than the richest one percent there was about a period of three or four months after two thousand and eight where people. were all saying you know what is dead anyway what is money why do we have the systems why is find it so important is this even capitalism to even want capitalism fall open you know all questions seem to be open because everything we decide turned out to be wrong centrally for thirty years they've been. saying well you know capitalism might not be a very pleasant system but it's much better these people who are running the system might not be very nice people but they're really smart and they're the only thing that works and there's you know they know they understand what they're doing you don't just shut up and leave it to the experts and it turns out all these people
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who are supposed to trust their expertise were either complete idiots or scam artists or both how they could imagine it would lead to anything else is beyond. me. what would it be. to. be. in spain widespread evictions by the banks of over indebted families gave birth to a vast civic resistance movement in two thousand and nine in barcelona outraged militants set up the ph platform for victims which currently comprises two hundred fifty neighborhood associations across the country. and. the laws there.
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said that he was there this house you'll. see nothing. in those. means that i think is emotionally he said he. said yes it's. the. most. but i think that i meet and. marry me and if we imagine there's too much maybe mrs miller is a patient or a list of the most that is with his match on me an email you know they feel mass. and this made. us know in. the your understand
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them and that the main objective was to reform spanish mortgage lending laws according to which when a bank repossesses a property the outstanding debt is not automatically cancelled with the bursting of the property bubble and the plummeting house prices many families found themselves up to their eyes in debt even after having sold their homes. in madrid the ruling conservative people's party plucked the reform but in barcelona on july twenty ninth two thousand and fifteen it was unanimously ratified by the catalan powers thank you feel racist las. but i guess i mean yes. a lot. but i was there any particular like you live. in this house here. when they. look anything.
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like you left. you out there is the. so local so even that. i mean. make. me. into any. there's interest of either as a lot of them as in the whole bit of messenger stuff other. companies the soul and their warmly malia and those muses and those people are starting to see more they were not bush that he was doing by the way me higher was completed. in those than
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when the media would have. been the last the last army assy the. second bring back with interest and with family there were those that are will go in that is the end of their time this is the thing when the millers needles you in no way on us. they pay sawdust into. the capital i mean this is in time a little dose is less than see that will and that is. the this is indeed a way to get our personal debt. in a silo so you're not all right maybe now you know if they. this situation is particularly worrying in the northern european countries in sweden norway finland and especially here in denmark where the rate of household debt is currently the highest in europe three hundred percent of disposable income
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double that of the u.k. triple battlefronts or germany over the past twenty years the danes have gotten most of the indebted encouraged by governments who've made access to credit very easy. in the us a child can choose a nominee course in school. with a retired officers as teachers we don't. recruit will says to if the cadet is
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interested in going in the military but we don't recruit ourselves. the pentagon is funding a program to boost interest in the military among teenagers your chance to step up to an apollo so that point comfortable with yourself. things about yourself you can't go wrong with the military it's a great stepping stone for whatever career you want to do but some veterans are willing to tell enthusiastic children a little more they ask me call of duty is very popular first your video game. it's play and that's because the military like call of duty to turn off call of duty oh yeah or you can turn off your logic these kids just don't hear. the darker side does the pentagon allow them to be told or does it just need more recruits. thank you for new to the game this is how it works now the economy is built around corporations corporations run washington washington media the media
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over voters elected the businessman to run this country business equals power you must it's not business as usual it's business like it's never been done before . you can revolt against the dictator but what about the day after i think we as libyan people did not give much fall. outs and so the way the old fashioned the resolution does not build nations. and certainly does not build states. please.
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among the stories that shape that we. have made to the russian lawyer at the center of a media scandal over the meeting with donald trump jr last year. that a little. bit. of. clashes between israeli police and muslim worshipers wrong jerusalem this week after the israeli government rolls out extra security at the revered. revealing.
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