this is. better we should. everyone is contributing each or own way but we also know that this crisis will not go on forever the challenges crave the response has been so many good people are helping us. it makes us feel very proud that we are 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 residents 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 banks.

banks take up that same practice they decided they're not going to lend in those areas that meant that all these benefits were flowing to potential homeowners were flowing to whites and not going to minorities. element of racism into our ownership culture. problem each other problem is finished up and up and like wimbledon don't know that we did our problems go the way but they're living 2 doors away so we passed a law in 1968 fair housing act it proclaims that fair housing. is now part of the american way of life. to mass is provided discrimination but to actually affirmatively go out and say how do we do security. so the government betrays that.

i find as i travel across the country that. whether 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 good. you know you can hear federal policy but it's the local administration of these policies that are off the minute the black people receive discriminatory treatment hello my name is out on washington and i'll call them out in about an ox $300.00 of them. yes 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 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. i yell at a town today is 95 percent white very few minority families living there. when fix the damage that was done we just allowed all those inequalities to continue that said from this day forward we can't discriminate and sell it and fix it all of these policies and practices these systems. 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 sadness he says this because the white house said that's a temporary visit. there's a lot of. these guys that get every time i don't need to get. work and.

you to get out because you will be if you. feel any. you. didn't you. can trust him to tell you. there is no clue gram a promise that a president can take think of. better the government going to come in. and do this yes. that is. the condition of black veterans a life veterans diversion even though when they return from the war they were economically similar families. public housing then became a black phenomenon. people fall into this category they have to live where society is. it's.

not any kind of nature. and people constantly. cities didn't adequately service neighborhoods that were heavily concentrated with african-americans garbage collection wasn't so picked up as frequently the streets weren't repair this well the 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 if you want to reject the format but i certainly would i 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 here that's what i'm really saying they're going to go on struggling anyway whether we fail or succeed. at the same time you have concentration you also have clearance you have how

a construction which is destroying black communities i would use oftentimes in urban areas a bill dead in the middle of black communities so there's a sort of rising anger frustration that sense plays. well once that became synonymous the saudis looked at them and said well we need to do some slum clearance.

where are all those black people that all those loci is where they gone one end up rooting out neighborhood beer did nothing without unity it takes 10 years to really reach israel they know what to do in a systematic genocide. systematic as well as 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 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. black person moving because blackness is associated with lower home values we share your presence in the neighborhood c c and 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 1st of all 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 the police had to come in with us because people were throwing things at our house and terrorizing our house at night. and 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 want to go down if they are allowed to move in here in any numbers do you think them are 11 property values. i don't think i'm irish.

property being our increase and i think purely i might not happen. 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 that. immigrant from a white country and immediately had access to loans and the ability to move into white neighborhoods and black americans whose families had been citizens for generations could not. and sell 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 ready our 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 seem to they go for decades in these festering situations. and segregated communities that have been completely abandoned. and suddenly we see that only when they burn something up to the leg. that. they're not. even one but maybe. it is. a. very.

bad lot the rhetoric. if we're to do something about the day the faces know. it shouldn't be that hard to understand why the. that becomes kind of the ultimate outcry because it's the only way that this can become visible to most americans. it's not all about fat good fat bad carbs good carbs bad it's much more complex than not it doesn't depend on everyone getting back to understand not really what

is good quality food what's a balanced diet and it's not about these 3 macronutrients because food is actually 30000 chemicals. no one has ever cruised around the globe in an inflatable classroom around. the stuff. but it. is such a cruise you need a solid crew people you can share folks know with so to speak. to do with the most was that. who was not the most he was the well let me get out ski i just love him enough mike

with the broom with such a good little grooming what do you need for gas if you could get the one the free go to maybe only. going to be bigger i think still. wears out on him but you can get him one even design if you're going to hope that it's. going to give people. a little maple syrup just a platter a mental image and you want to hear if you need a road function on a tour of. 1956 when i came out here to farms i was 5 years ago when i came here in 1000 for the

night i came from the south bronx my father foresaw the future in that area he says that capacity and we did he had a very outstanding career with the police department and they took him out of the south bronx so the bet. and for the community 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 irish cops on the job then and they were nasty in there tell you to move and you move you got to stick i mean there was gore and even you didn't disobey the protest when you want. your right to protest but you see guys. putting holes in hosiery is 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 what you are looking for us when nothing. out of when you out

to achieve financial freedom it's pretty easy to do if you chose my system. it's so easy to make money and frankly given that by age 25. years i'm going to do many more like this for millions of dollars. 30 days. to. leave you can do it to me what are you waiting for your math one. i don't hear. now is it time to buy a home now is the time to buy. it at your feet. 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 . 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 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 going and nobody stopped to consider the impact that this was going to have on real people and real families. i was bird dog. finding foreclosures for other investors. i just saw that jordi of trade in the united states was through real estate so i was determined to follow that track it was so much fun at the heights of 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. there forget 15 years old right in front of hair is hanging over the back of her seat. and jeff goes dad and i know because he starts playing with hair

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. homeowner with too many bills too many high interest monthly payments. mortgage up to 125 percent of the value or all less your mortgage balance they went after the payment as well they did they get a 50000 dollars 2nd for $500.00 a month go by that boat go buy that 2nd car. it wasn't a home improvement loan it was a signature along if you could do whatever you want and i just thought it was an exceedingly irresponsible. product. i took advantage of me.

taking you're taking someone come on. mikey like you. 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 a perfect credential is are to qualify for a home loan i honestly couldn't tell you may i help you sir. please games are on a new homeowner. stated income stated employment status stated stated which means whatever the borrower says is factual is recently as 1997 he had a full 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 so the credit we don't have. if we can't pay cash we do without.

what you say i could read the entire american economy i mean really this country needs 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 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 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 maybe i am a fool the buys it's a big house but i'm going to. sell it 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 it to gain the expected to lose value that was a common view in the past for so long 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 with 3 bedrooms to pending 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 very very. close here. as you're going to be enclosed here. you can enter. the hall. so i have coming out from the. bedroom hallway you know where all the entrances are to the bedrooms so it could be a one bedroom or 3 bedroom right now we create that one got room here and there really are one bedroom that could be partitioned with a rolling wall so it will become 2 bedrooms. it was an

extension of the dynamic coming out of post-war idea of what the house provided wasn't really about the upscale you're the supersizing how those can so that relationship between the group. of the physical house was still somehow invalidates 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 story of dying really. something a 5000 square feet only one staircase that kind of feels like that so their kids. and healing is very attractive home.

office to see that. it's really more suited for grandma she doesn't want to have a detached unit. think it means 12 foot ceilings on a mcmansion they're going the way of the dodo bird the 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 name i get away with one more sale but in the years to come it's going to be tougher and tougher for the. car with out on. to there's just tremendous economic dependence on this idea that we can keep building new seed no family 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 well being. don't take. 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. the developers 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 everything 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 faces on real property with a house on it is far higher than farmland and. the cities were seeing their tax base can topple literally overnight. and the developments stopped.

we've been saying now for years that all this money printing would cause a reflection 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 a stuff that people you stay typically quote prices are 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 for i think 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 trance. tory and that this is a sugar high and that things are not going to last in this why or do we think that this might be a structural beginning of an inflationary period costly a period of stagflation because the economy can be stagnant.

but if you work for the team for the book which are. ready to go the idea of a major overhaul social slawson just took you into the. course 93 years that i didn't know was listening because a lot of my think if you get. to fish not go for the people below them what you should know that is that the. bullet was just from the let's listen. to what school that wants this issue of. you know wolf which is really. this what the story could get to. yes of much of what you mean yes. why much as they should but they say you can be when you get a. cease and you're sure recent research on what she has and it's just.

cross border on slaughter between gaza and israel intensifies as the warring sides trade hundreds of missiles leaving dozens killed. in this chaos reigns on the streets cars a toast in one hour a driver is dragged through. current date and he's now in a critical condition. also the funerals take place of the victims of a mass shooting at a school in the russian city that has medics continued to fight for the lives of the injured relatives of victims have been speaking of their heart. her name was she was 15 she was a very resolute girl she had big plans for.