tv Documentary RT May 12, 2021 6:30am-7:00am EDT
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no there is this sort of ruthless campaign against immigration there is no program no projects no idea how to solve it everyone is wrong governments and the e.u. as a whole. are not so you are buying up to date if you're hungry for more news stories don't forget you can find them a simply heading to our website check them out at all t. dot com. l. look forward to talking to you all that technology should work for people. i robot must obey the orders given by human beings except where such orders would conflict with the 1st law show your identification we should be very careful about artificial intelligence and the point of view see is to create trusts and then sheer. late theories chozen with artificial intelligence resummon in the field.
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the obama must protect its own existence is. ready to work with a team from both of those with a chance. to degrade the idea of a major woman who. has to take a cue into the. bush 90000000000 that are saying no isn't it because a lot of my think if you. go fish. bill and want to be sure that it is that the. system works with. all the wants this issue will. go well for. the store to get to the. heads of much of which i mean yes the. door mama was a shed but they. so you can be when you get. 6 speeds
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it's a question yes and it's just. the united states economy it never did that if it had highest standard of living for a country of a. slip a cold. kind of mind that never had a supply house buy it at a nationwide basis. maybe make she an ebb and flow price or you're not going to see the collapse because she when people go into bubble. if there is a bubble 1st. book that. people likelihood
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but i don't think that the thing is about to. come done. because. our entire economy is in danger and that means life as most americans know what is about to change 30000000 people took a mortgage in the last 3 years they will lose their lives this is not redemption higher among people all of. them bernadino recently king the 3rd california say the power bankruptcy and not like the homeowner who can move the way from a mortgage that's more than the house is worth a municipality and not. comes up if you come back to this property that's considered truscott's homes did you ever think that this warning could become 50 percent of your business no never would have the lenses. yes i found
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i've been doing real estate with him since now that was 2 so that's 16 years. after the l.a. times article in the nightline piece all bad i remember us being just completely crazy busy i mean as great as it was it was such a blur. it was a what are you going to do you are you think when i said where you think that i don't know all those details i'm just saying blur meaning it was a blur a time of my life well let me add some color because i remember i'm sure. the blog was run and i don't want to talk about those details. because of our connection to countrywide they started the lease they had just applied to be one of the agent. and. you should watch them. december of 2000 and.
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900 square feet right across the street from the freeway one. so we call it rich. water here a vintage. lovely. you. are watching this video and your realtor. i represented the buyer when they made a 1000000. i want to put your my tie down and go grab a shingle. right now and you don't deserve to be licensed december 2006 so. if you want. to get fired. i'm jim.
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there's a lot of trust. in place value could this be just a value bubble where people just keep paying these crazy prices a lot more than they used to just literally a year ago just because they want to get a house there really isn't the evidence to help support them that i can say oh for sure it's worth. there's really i think some valid concern about valuations when the proof is so thin. it's always been a problem in this industry there is. just one way to determine what some is worth is look what other people paid off the other people were crazy. they were hoping to get $2000000.00 for these appear you can see the i think a handful of them and gave up and those are $5.60 square foot house.
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everyone was going by the montra get in or you might get priced out forever because up to that point no one had seen any previous downturn just wasn't in the 4 january and nobody clinton realtors ever really thought a party is never going to end. i mean the thing about this is this is going to be used to bill i was the engineer would design and layout build this stuff. i would work on these big development projects seize would come to us we want this done we've gone build it and i sincerely believe that the work i was doing was building a great america. but then i started to ask some questions about what comes
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next. after we build something how do we take care of it what's the cash flow that makes this all work i started to look at developments that i had worked on or near run some larger math problems. for example developer would come in and build the road the developer paid all the costs to build it people have been paying their taxes and the idea was a pay their taxes and then the government would fix this road. the cost was $3.00 and $54000.00 to fix that road we asked the question ok based on the taxes the cities collecting from these people how long is going to take them to to get the money they just spent. the answer 79 years. as an engineer i knew that road was going to last 2025 years this doesn't make any sense the growth creates a we call the illusion of wealth if you lose money on every transaction you do.
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make it up in volume. where we at today. were like way out here. you can look at the run up to the housing crash as a prime example everybody felt like what we're doing ok because you know yeah i made $12000.00 housing payments for my house went up by 40000 i cashed out the difference i'm doing fine here's subtly skirting around the core problem which is that the underlying economy does not work. in 2000 we had 1100 census tracks in this country that year classified as persistent poverty in 2010 it went from 1100 census tracks to 3300 census tracks 3 times the american geography is now in persistent poverty. our places don't work they're just designed to decline. if you don't know what was lost.
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you don't look at the place and see like this is decline. 143 if you're 10 years 20 years 30 years older than me all you see is wounds. and so it's really hard for you to get your mind out of that and actually see how this could be a better place. now we have it all off guard and so we made it right i don't know maybe the middle east is heartbreaking the midwest is heartbreaking again all the places this is one of the last ones i live in but it's home and i you know there's a part of me that loves it too like i look at it and i'm like i want to help this place i want to make it a moving little google street if you go yeah. that was that's our show and elysium and that's our. show up after another yeah i know.
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i'm educated enough to to know that i shouldn't talk about some things because i i realize how ignorant i am i mean i grew up in a city that is 99 percent white and probably still is very close to that. but when you start to get a mixing of people in a commune like the others start to move in whether the other is someone of a different race or someone of a different social class i think excite colleges is that there's a natural human tendency to circle the wagons and what zoning did is a gave like this really wonderful tool to be able to write in a more camouflaged kind of racist way we don't want those people here. i think the irony today is that it's also now tracked for white people their mechanics say as you go $200.00 if it out was for a new break lads well what is the other going to do the number who fits in with a for $40.00 these are the last is in a dinner and if it's not a refrigerator meyer dish or if everybody's got
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a guy who. you know cream abdul-jabbar said the hyper problem we had today is less race than it is poverty and i think use exactly right i mean there's a racial element to it but. middle class whites will sacrifice for whites too there's no racial loyalty there they're going to kick them to the curb. and been able to to travel around the country to experience different communities it's the same it's the same thing. so you see across the rust belt and you see across rural america people struggling and those struggles are kind of shared struggles with people in urban areas that have long been left behind when you find that you can no longer get the mortgage week you can no longer cash out the equity when you can no longer get a car loan for the new car your world changes and your experience changes and
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america becomes like a really cruel place. you're starting to see more and more that is a mainstream experience. when even 10 year and nobody else can meet. you can create a social contract and make tons of promises. we now live in the day when those promises are coming to you. and that's not a left or right thing. kind of transcends left and right because neither side understands that they both want. no go back to what they thought worked. it didn't work. for the world is driven by shaped by phone curse of those.
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are. held up on a street all. night it's a lot of fun to. play or it may. be the only game the ball. away but by a judge. called while any way out of your way not only this time you may argue. that. we will build together court covens and when we build it it will be adverse for coming to the boards. at the heart of a new world headquarters for under armor an opportunity for all of baltimore. is the. baltimore city council put a stamp of approval on the $660000000.00 for the forthcoming the project.
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housing jobs in exchange for the investments are intended to have a mixed income diverse community their definition of affordable housing is affordable to families making about $70000.00 per year so more sanctions just can't build a community when people who are wealthy this you know. market. is not helpful to discuss. but if only. those neighborhoods there's still inequality now. favor. and. remember you're creating structural disability international marriage. but we creating structural advantage in our way. and this is where we are today. it was until i got older and start to understand. politics
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a little bit more and at the same time i started. being black history. about the things that america had done to. this particular bout's we really recognize that is right but we don't recognize. it's low. we don't recognize leading people in environments where we don't see this. but this will. do baltimore city. i was sitting here in this watching the police in the children interact. on the day of april 27th 2015. the children were thorax the police tore rocks back at the children in a vision the police you know they're shooting wearables they deploy teargas and at the moment they deplore the teargas i'm sitting here and i feel like this weight come right oh my chest and i'm like i can't breathe i can watch any more because i
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knew it was causing some sort of physiological reaction in my body. it really was a. powerful political turning point because everybody when overdraft their food everybody went into drawing themselves into activism and profit work and voluntourism. so this is let's. talk about here so that's an. exercise in the 1st. part of the well. i don't think i'm originally from graeme out the remote area to me that small section of the neighborhood is everything because it's a certain level of pain you've got to go through to be really from baltimore and when you really from a neighborhood that has a reputation you get was known as
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a stack. i have. my little step you know. it's only thing for the last 2 digits of your car you go so it's really big you know to be connected to a neighborhood. but people outside of st don't understand all of this stuff is about legacy. you know really know where we come from we don't often mix so you to sack it your street do you put your all into band street. is really the only entity that we run and we think we want to go and say so from there you can go up under a body your name what is your name we're going to name one. for your children. for me i could go anywhere i want is bottom when i have a problem because of my followers but because i'm not history do you but i still carry those morals. in a city. block i'm trying to. help
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a lot of people just by giving them places to stay and don't know how to do. i know too much about real estate to get in and see these homes. as. it was only sammy when he started. it made me. have seen so much of anything seen. from when i was young to name some of the sound effects of me and it's dangerous and it is an american spirit and if. you notice that many. people. have been mentally beaten up anti life is so much. to be made it. to me kind of manifested itself into hate
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going. to go. as life easy. with. someone to stop it right here i just wanted you to see this piece 1st i want to do something else i need to do something young man was poking the waterholes with a pocket knife. why i want you to know that see i'm right there. right there. and it 21 with no price as to is fucking 25 and he was trying to give me more time than i had been on earth. it was scary
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but it was eerily familiar because it felt like no matter what i compass in my life being a 1st person to go to college graduate school i felt like i was told to be there it's kind of hard for you to take this stuff that we see here and translate it into the humanity of it as a person. a 1000000 got a $1000000.00 in restitution. $100.00 and that is $10000.00 less anybody know anybody who had to live $10000.00 less and that can lead us any time a recitation pay. well if you can't you know loudly said he said it's sort of presentation pay these in a struggle they don't make the news these are the differences that make. people like myself turn off from everybody just self. you know what i mean because everybody else hates you. would people make the
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claim of you know why would people burn down their own neighborhoods if they you sort of live statement to sort of gloss over the fate that news labor has don't have this need to begin with. really why would they burned on their own community i mean it really isn't a community that they've been able to have ownership in. don't push me cause close to the black community and close to that is and i think that is sort of why we see some of the president. last may begin to understand that black lives matter but black lives don't matter black neighborhoods don't matter. i came back yes subsequently when i was a police officer. and it was all bricked up all the windows 2 doors. choice property now the. chance for 5 you know gentrification i suppose on one hand
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is a good thing for sure cleans up the neighborhood it makes it nice but my heart goes out to the people who once lived here who got moved out because where those poor people go you know they were forced out it enabled their homes are gone. if we as a country don't pay attention to. the places where people are the homes. that people. will consume to go in circles and that really get to the root problem. when you look at a rain forest. you're seeing a very complex ecosystem not only do you have these massive trees but you have all the understory all the animals and every leaf has its own individual ecosystem so when you add up all that you have this massive massive complexity. you compare that
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to say a cornfield. you have one species of plant a completely monoculture. and what you see is a very efficient undertaking in the 1st a lot of corner very small space but you certainly don't have the complexity and the ability to thrive than a rain forest. so what we did is we switch cities from being complex systems to form. and. you look back in history and the way humans evolved along with the city. and what you see is that messiness that friction that rubbing up against other people is an essential component of that. and there was a certain discomfort that went along with that there was also a social dimension to it that we've just completely lost. this pattern of
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we've been saying now for years that all this money printing would cause inflation but we didn't really see it at the level of the c.p.i. consumer price index and well because the c.p.i. doesn't reflect the actual prices of stuff the people you state typically quote prices of stuff that people don't use and they don't include housing or health care or education for example. and that worked for a while but now it's really hard to hide the fact that the money printing is causing a lot of inflation as you would expect so now the big question is do we take the word of the central bank who is saying that it's transitory and that this is a sugar high and that things are not going to last in this way or do we think that this might be a structural beginning of an inflationary period possibly
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a period of stagflation because the economy can be stagnant. a deadly conflict. when israel and palestinian militants shows no sign of letting up with missiles fired from both sides clashes on the ground as well. also ahead for you in this program it's a day of mourning in the russian republic of after its capital is left reeling from a devastating school shooting that killed at least 9 people including 7 kids. ran into the classroom and started shooting people covered in blood getting pulled out of school.
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