everyone is contributing each your own way but we also know that this crisis will not go on forever the challenges quickly the response has been massive so many good people are helping us. it makes us feel very proud that we're in it together. the government has to determine which zones is it going to insure and which those is it not going to insure and it does that based on the racial makeup of neighborhoods. neighborhoods that had a certain number of black presidents what have literally rad lines drawn around them on the map. and they wouldn't insure mortgages in those areas because they believed that the property is would not hold the baby turned on a loan they said. banks take up that same practice they decide they're not going to lend in those areas that meant that all these benefits the potential homeowners

were flowing to whites and not going to minorities. and it racism into our ownership culture. problem its own problem is made most of them up and libel wimbledon don't know that we did are probably going to work with them living 2 doors away so we passed a law in 1968 fair housing act it proclaims that fair housing. is not a part. of life. given to nurses provide discrimination but to actually affirmatively go out and say how do we do. it so the government betrays. i find as i travel across the country that. we're talking about white americans or

people who may be robot and other minority groups like the mexican americans or rest. just like the black americans what everybody wants is an equal chance to have a piece of the action that the federal government has never enforced the fair housing act and that state and local governments do not enforce the very. good. you know you can have federal policy but it's the local administration of these policies that often the black people receive discriminatory treatment hello my name is out on washington on call about the about an apostrophe in part of their. hello my name is graham wellington and i'm calling about the apartment around on park street vailable. what it is really so what does this mean it means the places that were segregated in the thirty's forty's and fifty's they're still racially segregated today because we haven't done anything to undo the racial

segregation. of the town today is over 95 percent white very few minority families living there. when fix the damage that was done we just allowed all those inequalities to continue but said from this day forward we can't discriminate sell it and fix it all of these policies and practices these systems. federal government state government local government. they converge to sort of create concentrated poverty by the time we reach the fifty's and sixty's so that creates a situation where many urban areas you have like what george clooney would call you know chocolate cities in the little suburbs. is their call is the white house and that's a temporary visit. there's a lot of the city. we've got to get yeah every time i don't need to get. working on . you to get you the review if you.

feel. you. can trust him to tell you. there is no clue gram a promise that a president can't be thinking. government's going to come in legally blonde and do this. listening to. the condition of black veterans and white veterans diverged even though when they returned from the war they were economically similar families. public housing then became a black phenomenon. people who fall into this category. where. it's. not any nature. down and people constantly.

cities and adequately service neighborhoods that were heavily concentrated with african-americans garbage collection wasn't picked up as frequently streets were repair those well conditions deteriorated and the urban areas became slums. you know i would like to rub america's nose in this is say you're going to get it you want to reject it boy but i certainly would it would hate to think that anybody thought i said they were giving up hope what i'm really saying is the society has failed the hope of the people who live here and struggle you know that's what i'm really saying they're going to go on struggling anyway whether we fail or succeed. but the same time you have concentration you also have clearance you have how way structure which is destroying black communities always oftentimes in urban areas

a built did in the middle of black communities so there's a sort of rising anger frustration that explains. well once they became so far these looked at them and said well we need to do some slum clearance.

where are all those black people that all those bogey is where they go when they're up routing out neighborhood beer did they are messing with our unity it takes 10 years to really reach out they know what to do in a systematic genocide. systematic as well as african american families who were displaced had to move somewhere so those families were given section 8 housing vouchers the idea behind section 8 is fabulous it's exactly what one would hope is

that people who are impoverished have an opportunity to move into neighborhoods that are not impoverished unfortunately for black americans it doesn't work that way. a large reason for that is you can still legally discriminate against someone for using a section 8 voucher so landlords and most suburbs would not accept section 8 housing factors and that's perfectly legal. white homeowners deathly afraid of a black person moving next to them because black in this is associated with lower home values we share your presence in the neighborhood c c c don't undermine the value of our own and we're concerned we'd like you to move out before it becomes common knowledge that there's a family in the area. it's nothing personal oh oh it never really is it was terse you know but i feel real that we grew up in philadelphia actually originally and we were in an all black neighborhood in my life changed when we moved to south jersey not far from some of the levittown type of neighborhoods and when we came in and

the police had to come in with us because people were throwing things at our house and terrorizing our house at night. we moved there because we wanted a place that was integrated and we just wanted to raise our standard of living and it was the strength of my parents that said this is where we're going to be. do you think moving here will affect the community as a whole. definitely in what way i think that well the property values what i mean to go down if they are allowed to move in here in any numbers do you think them are 11 the backdrop of your values. i don't think. property. and i think you purely i would. not wrap them.

well as a result of all these policies we created a segregated system and because we forgotten now this entire history of how it happened white families believe that they got where they are simply by their own hard work and determination to succeed in the middle class life. but they don't understand. is that their parents could have came as an immigrant from a white country and immediately had access to loans and the ability to move into white neighborhoods that black americans whose families had been citizens for generations could not. and so it's not saying that their families didn't work hard but it is saying that their families benefit from a great deal of affirmative action to get where they are little white americans don't see what it's like to live in these communities. and so because of that they are unable to connect with what it is like to be in these areas that have been deprived of every type of opportunity. now how do these communities get seen to

they go for decades in these festering situations. in segregated communities that have been completely abandoned. and suddenly we see them only when they burn something up to the leg. condition that. would lead me. to it it is. very.

bad luck. if we're to do something about the brain that faces no. it shouldn't be that hard to understand why that becomes kind of the ultimate outcry because the only way that these committees become visible to most americans . is your media a reflection of reality. in a world transformed. what will make you feel safe from. the isolation for community. are you going the right way or are you being

led. by the way. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or remain in the shallows. max keiser this is the kaiser report with stacy herbert and special year end guest misfires di the man who i must say how the kind of sensitivity to world events and markets we're really seeing anywhere except here on ties or for mitt welcome back.

an entire village in alaska. if another country run the wife of an american. we do everything up our protective. wanted me to skipping climate change is the same threat right now. seems some of the fuss just coastal erosion in the world's last about 30 feet. 35 feet of ground in just about 3 months while we were measuring. is fast and it's the river is $35.00 closer to the town that was for i don't think were part of earth for.

i don't want to think. we're going to be able to i think. where is not on here but you can get a warning that. they're going to pull out and that's. going to get people. who are my little sort of on just a platter of mental image and you want to hear a meeting where they were going on a tour of. 1956 when i came out here to farms i was 5 years old when i came here in 1000 for the night i came from the south bronx my father foresaw the future in that area that capacity and we did he had a very outstanding career with the police department they took him out of the south bronx for the benefit of the community now when i 1st became a policeman i was in

a riot squad and a riot or any type of demonstration it was in the city i went to it. mostly i was cops on the job then and they were nasty in there tell you to move and you move you've got to stick i mean there was a lot and even you didn't disobey a protest when you want. to go right to protest but you see guys. putting holes in the hoses so they can put out fires and that's just to businesses but to people. you have a right to protest but you don't have a right to do that. are you sick and tired of looking hop or yes but nothing you have an out of when you out to achieve your financial freedom it's pretty easy to do if you chose. it so easy to make money then stay and frankly be a medium that by age 25. years and i'm going to do many more like this for millions

of dollars. 7 deals in 30 days. to. leave you can do it to me when you waiting for your math one that is going right over here. now's the time to buy a home now is the time to buy. it at your feet. oh. good for mom. if you could for more. seriously try to be a little less crazy. he has a. regional plan from the university of minnesota. please

give. thank you. thank you. a little bit about our organization strong towns our ization is now evolved into a national movement of people trying to reconfigure their communities to be more financially sound. post world war 2 america the financing mechanisms of it act very much like a ponzi scheme you had this immediate sugar high with this. long term liability kind of hanging out there in the future and the last generation the one that's going to pick up the bill. we prayed on our fellow americans just so we could keep the growth going and nobody stopped to consider the impact that this was going to have on real people and real families.

finding foreclosures. in the united states was through real estate so i was determined. it was so much fun when we were making money company had season tickets to the lakers right behind. leonardo dicaprio literally right in front of us and when he used to date. 15 years old right in front of hair is hanging over the back of her seat. that. he starts playing with. anyway. but. there's a new product that started to flood the market 125 percent. and when i 1st started

seeing i said this is a recipe for disaster. or with too many bills too many monthly payments. to 120 percent of the value or less your mortgage they went after the payment. they get a $50000.00. that. wasn't a home improvement it was a signature along if you could do whatever you want i just thought it was an exceedingly irresponsible. loan product. i took advantage of me. taking taking someone come on. making. a set of eyes no no. the lenders got greedy and they figured ok we exhausted the

$125.00 potential pool. let's go make it super easy to get purchase money now if you were to ask me what the perfect credential is are to qualify for a home loan i honestly couldn't tell you may i help you sir i. need a quick answer on a new home loan. stated income stated employment stated stated stated which means whatever the borrower says is factual is recently as 1997 you had to put 20 percent down and he had to struggle to save that kind of money if asked for 5 years and a busboy from a local coffee shop can buy the same house for nothing you have to verify your credit history credit we don't have it if we can't pay cash we do without. but you say. it could run the entire american economy i mean where would this country need to know more than we could pay back. in order for the house of cards to stay standing it has to get bigger so the guy that's in the 3 better one and

a half bath house he's got to move up to the floor better to bath house. to house the car just kept getting bigger and bigger and bigger and bigger and bigger and bigger and bigger and it's just all on fake valuations. yeah at that point the home did absolutely become a vehicle for excess home prices rising from the case shiller index i look at it on there and i say yes this looks good it's much better than expected you look at the number and say. nobody knows where home prices are going to do. people are increasingly speculative when they buy a house a major concern is how much can i sell this to someone else at the other end it can be called the greater fool theory maybe i'm a fool the buys that's

a big house but i'm going to. to an even greater fool. there were people who thought 50 or 100 years ago that home prices should decline with. the reason is they wear out. don't expect to gain the expected to lose value that was a common view in the past. we have come as a society to place a tremendous amount of value on the home itself. and the bigger the home the better . it's interesting because living in the houses were meant to evolve and change as families evolved and changed over time. the idea was that this home would be liveable all your life you could have one

bedroom or 3 bedrooms depending on what your needs were at the time and this area was an extension of the living room or it could be closed off and become a bed very. close here. as we're going to be enclosed here. you might enter. the hall. so i had. better hallway know where all the entrances are to the bed rooms so it could be a one bedroom or 3 bedroom right now we create that one bedroom here and there really are one bedroom that could be partitioned with a rolling wall so it will become 2 bedrooms. there was an extension of the dynamic coming out of post-war idea of what the house provided wasn't really about the upscaling or the supersizing of the house and so that

relationship between the growth. of the physical house was still somehow imbalance subsequently people began to make the scale shift where the houses became just warraich. i'm in love with this. hope in a fight because. i don't think it is. a. 5000 square feet on one staircase i'm going to visit that staircase herself. feel like it's very attractive. to see if. it's really more suited for grandma she doesn't really want to

have a deep. 12 foot ceilings on a mcmansion they're going the way that. people want to buy what they need and they don't want any extra and this has so much square footage of wasted space please they might get away with one more sale but in the years to come it's going to be tougher and tougher. on. there's just tremendous economic dependence on this idea that we can keep. on their own lots and that they have to keep marching across the landscape because it's a huge part of the economy depends on its health and wellbeing. yes so our property line is just basically the white picket fence all the way around. back up to there. so we're going to. our garden over here

and a chicken coop over there gigi's a grand champion. not so much. so this whole. industry of easy quick money for property did not end at the retail borrower. were exposed to these funds. so these companies were going in and buying up swaths of land from these farmers at ridiculous prices just given them enough money for their great grandchildren to retire and it was just so hard to say no. to anything and that's where you see all of the citrus farms in the inland empire gone. in of course the cities were loving it because the tax basis on real property with

a house on it is far higher than farming. cities are seeing their tax base quintuple literally overnight. the development stops. seemed wrong. to me to get to shape out just because get educated and engagement equals betrayal.

when so many find themselves worlds apart. just to look for common ground. the world is driven by a dream shaped by one person. who dares thinks. we dare to ask.

the headlines at all to international intensive care units in california fell out during the pandemic clinics afford to set up makeshift wards outside tells us just how bad the situation has become. we're stuck now we were running low on oxygen on supplies the house patients in overflow overflow overflow areas. and russia people 60 plus thought receiving the sport next week over job after the health ministry says it was safe to do so. the vaccination is also being rolled out across europe as well people though remain divided on the issue. i think we did not have enough feedback on respects and at the moment in time.