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tv   Cross Talk  RT  May 12, 2021 5:30pm-6:01pm EDT

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going on tonight in the arts here america where we always question. the government has a determined which sounds as if going to ensure it was known does it not going to ensure and it does that based on the racial makeup of neighborhoods. neighborhoods that had a certain number of black presidents what have literally brad lines drawn around them on the map. and they wouldn't insure mortgages in those areas because they believed that the properties would not hold the baby. banks take up that same practice they decide they're not going to lend in those areas that meant that all these benefits that were flowing to potential homeowners were flowing to whites and not going to minorities. going to racism into our culture. their problem it's just problem is made most of them up and why don't we
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have all been don't know how much you did i'm 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. all of human beings is not a part of the american way of life. tenaces prevent discrimination but to actually affirmatively go out and say how do we do security america is so the government betrays that. 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 them. going to merican to
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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 this very thing and again 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 him in a box read part of a yes hello my name is graham wellington and i'm calling about the apartment around on park street from available. but it is really so what does this mean it means that the places that were segregated in the thirty's forty's and fifty's there are still racially segregated today because we haven't done anything to undo the racial segregation. levittown today is over 95 percent white a very few minority families living there. when fix the damage that was done we
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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 the federal government state government local government pass and then 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 will call you know chocolate cities in the little suburbs and i was saddened to see this there call it the white house and that's a temporary visit. there's a lot of. these guys that get every time i don't need to get. working on. you to get you the review it's yours.
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interesting to tell you. there is no clue gram a promise that a president can bake think that the government's going to come in. and and do that yes. that is. the condition of blacks 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 fall into this category a half of where society is. it. is. just not the nature. down in people. cities isn't
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adequate the service neighborhoods that were heavily concentrated with african-americans garbage collection wasn't picked up as frequently streets were repaired this well the conditions deteriorated and the urban areas became slums. i would like to rub america's nose in this and say you're going to get it if you want to reject it or not but i certainly 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 a construction which is destroying black communities i was often cited earlier is a bill dead in the middle of black communities so there's a sort of rising anger frustration that sense plays. well once it became. slums
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sardi's looked at them and said well we need to do some sun clearance.
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where all those black people are all those loci is where they go when they end up rooting out neighborhood beer did nothing without unity it takes 10 years to really reaches out they know what to do in a systematic genocide in a systematic way that well those african american families who are displaced had to move somewhere so those families are 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 on the. it doesn't work that way. a large
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reason for that is you can still legally discriminate against someone for using a sex slave out there 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 blackness is associated with lower home values we share your presence in the neighborhood c c and undermine the value of our homes 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 tercel 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
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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 really moving here will affect the community as a whole. in what way i think that well the property values well i mean to go down if they are allowed to move in here in any number do you think them are 11 property that. i don't think i'm irish. property. and i think purely i might not happen. well as a result of all these policies we created a segregated system and because we forgot now this entire history. of how it
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happened. white families believes 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 and black americans whose families have 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 et 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 see if they go for decades in these festering situations. here in segregated communities that have been completely abandoned. and sending we see them only when they burn something.
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to live. a. life condition that. they're not. even one but maybe. it is. but it seems very.
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if the reason was we had nothing in the record nobody that's why we must believe that if we are to do something about the dangers that face us now. it shouldn't be that hard to understand why that becomes kind of the ultimate outcry because it's the only way that these committees become visible to most americans. we can't control political volatility inflation massive government debt or the wild swings of the stock market but we can control. where we put our money gold is easily outperforming the stock market the last 20 years. protect your money buy gold. for your free direct bullion guide to buying gold call 180-757-7050. during the 2008 recession
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americans lost over 2 trillion dollars from their for a one kates for many people retirement was no longer an option but do you know what tried and true investment nearly doubled its value following the recession gold protect your money buy gold for your free direct to young guy to buying gold call 180-757-7050 start your collection today. oh yeah oh. the list should. go by.
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it's called the feeling of free money. every the world should experience for me and you'll get it out of the old the old. the old according to just. walk a mile or more all come along from there i. think i don't even think you're going to are going to be bold enough i think so no. there is not on him for you so you get him when you get into john to give me hope that it's a number i want to get me behind you were my little angel so there was just a platter a mental image in him and you want to hear him you need a road function until one farley knew full well he knew you know me and have me both.
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1956 when i came out here to farms i was 5 years old when i came here in 94 the night i came from the south bronx my father foresaw the future in that area he says let's get the hell out of here and we did you know very well just then the career with the police department and they took him out of the south bronx for the benefit of the community and when i 1st became a policeman i was in a riot squad and a riot or any type of demonstration i was in the city i went to. mostly irish 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 law and even you did this and they protest when you want. your 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
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have a right to protest but you don't have a right to do that. are you sick and tired of what you are looking for yes when i think you have a way to go out to achieve financial freedom it's pretty easy to do if you chose. stuff. it's so easy to make money and frankly i mean that by age 25. i'm going to do many more like this for millions of dollars. 7030 days. you were one of the you can do it to me when you waiting for your math one that is going right over here. now is it time to buy a home now is the time to buy. it at church.
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because for mom. if you could for more. seriously try to be a little less crazy. he has a. regional plan from the universe even if it is. please . thank you. thank you. a little bit about our organization strong towns are ization is now evolves 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
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act very much like a ponzi scheme you have this immediate sugar high with this. long term liability kind of hanging out there in the future and the last generation standings the one that's going to pick up the bill. we prayed on our fellow americans just so we could keep the growth and nobody stopped to consider the impact that this was going to have on real people and real families. i was bird dog and. finding foreclosures for other investors. i just saw that the jordy of trade in the united states was through real estate so i was determined to follow that track it was so much fun when we were making money the company had season tickets to the lakers right behind the lakers bench. bryant's wife leonardo dicaprio literally right in front of us and we used to date
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. there for yet 15 years old right in front of him hair is hanging over the back of her seat. and jeff goes dad and i go because he starts playing with. oh my god. anyway i digress is a bit. back in $9697.00 there's a new product that started to flood the market 125 percent loan to value and when i 1st started seeing i said this is a recipe for disaster. or with too many bills or too many high interest monthly payments why not pay them with a 2nd mortgage up to 120 percent of the value or all less your 1st mortgage balance they went after the payment that's what they did they get a $50000.00 for $500.00 a month go buy that boat go buy that 2nd car. it wasn't
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a home improvement it was a signature along and you could do whatever you want but i just thought it was an exceedingly irresponsible. loan product. i took advantage of me. taking taking someone come on. my quickly through. a set of eyes no no. the lenders got greedy and they figured ok we exhausted the 125 potential pool let's go make it super easy to get purchased money now if you were to ask me what the perfect credentials are to qualify for a home loan i honestly couldn't tell you may i help you sort. of games are on a new home loan. stated income stated employment status stated stated which means whatever the borrower says is factual is recently as 1997 you had to put 20 percent down and you had to struggle to save that kind of money you fast forward 5
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years and a busboy from a local coffee shop can buy the same house for nothing you have to verify your credit so the credit we don't have. if we can't pay cash we do without. what you say i have read the entire american economy i mean really this country needs to know more than we could pay back. nor 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 out house he's got to move up to the floor bottom 2 bath house. the house a 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 prices rising from the case shiller index i look at it on
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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 to buy such a big house but i'm going to sell it to an even greater fool. if there were people who thought 50 or 100 years ago that home prices should decline with time. the reason is they wear out. don't expect if the gains are expected to lose value that was a common view in the past. we have come as a society to place
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a tremendous amount of value on the home itself. and the bigger the home the better . it's interesting because levittown the houses were meant to evolve and change as families evolved and changed over time. the idea was that this home would be livable all your life you could have one bedroom with 3 bedrooms 2. pending on what your needs were at the time. this area was an extension of the living room or it can be closed off and become a very very insistent close here. as we go to enclose it here. and you can enter. the hall. so i have coming out from the. bedroom hallway now where
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all the entrances are to the best moves 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 how those consider that relationship between the growth of the physical house was still somehow in balance subsequently people began to make the scale shift where the houses became just large. i'm in love with this indoor. hope in a fight because. i don't think it is. a.
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5000 square feet one staircase i'm going to visit that staircase. feeling it's very track. to see that. it's really more suited for grandma she doesn't want to have a detached. you. think means 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. they might get away with one more sale but in the years to come it's going to be tougher and tougher. on or without buying.
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it's just there's just tremendous economic dependence on this idea that we can keep building new homes 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 have a farm garden over here and a chicken coop over there gigi's a grand champion. not so much dolce. so this whole. industry of easy quick money for property did not end at the retail borrower. the developers were exposed to these funds. companies
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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. anything and that's where you see all of the citrus farms in the inland empire die. in of course the cities were lucky because the tax base is on real property with a house on it is far higher than firmly. the cities are seeing their tax base quintupled literally overnight. and the developments stops.
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we can't control political volatility inflation massive government debt or the wild swings of the stock market but we can control. where we put our money gold is easily outperforming the stock market the last 20 years. protect your money buy gold. for your free direct bullion guide to buying gold call 180-757-7050. during the 2008 recession americans lost over 2 trillion dollars from their for one case for many people retirement was no longer an option but do you know what tried and true investment nearly doubled its value following the recession gold protect your money buy gold
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for your free direct to young guy to buying gold call 180-757-7050 start your collection today. i'd like it when the hosts ask a question for the guests and then actually listens to the yes answer and then react to that answer a false dentist miller here i've got a new show. i've seen the horrors that arise with money and evil. corporate criminals who trash challenge was lives to add just one more dollar to their billions. they threaten they bribe they'll do anything to keep their crimes in the dark but the people
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they've heard are demanding justice their stories need to be told on america's lawyer. my. across the nation are people are waiting in long lines that's if they even have the opportunity for gas but consider yourself lucky to even have a car as a dealers across the united states are suffering from a large shortages of infant tory and i used car you've been driving might actually be worth a lot more at this very moment we are going to bring you the back story about why major domestic production lines have completely shut down and it's cleaning up today for the republicans but is it causing more of a division in their party with the ousting of a list cheney from leadership we're going to give you the 360 view of this story and the olympics are supposed to be a time when the world can come together in unity and sportsmanship but what is the effect of social movements in various countries.

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