it thrashing out and possibly permanently damaging its african toys show it to you ben, ski ought fi, paris. you know, there's a good write up on that story right now. just a few clicks away at r t dot com. well, it's certainly going to be a busy wednesday afternoon with my colleague, you know, neil, he'll be here at the desk and half an hour's time for the meantime. thank you so much for sharing your time with us here in just ah, try now with so many inputs on a daily basis that are completely needed to reality. so think about how in social media filters, and they basically present themselves in a very unrealistic way. and so we come to a farm out there and be involved more than that, it's about the sort of envious or something. it may not exist. it is also really tied to the fact that humans we want to be part of the crowd.

ah mm mm. oh. so my father, when i was a kid, he was raising us while going to college and working full time job and sometimes to jobs. he knew how to be serious if, if the situation called for it, but most often he was just a goofy guy. i know in the background this whole time, he was stressed out in pain. you know, worried about his finances is even going to be able to make the mortgage bill he had that, that same humour. he never lost it even to the very,

in this financial situation, retirement age was dire, was terrible. he had nothing. he was diagnosed with stage 3, had a neck cancer, which is pretty vague, but it was canceled the tonsil stage 3 because it had already spread to his lips. ah, this is done, shouldn't braiden's father like him? millions of americans reach retirement every year with almost no savings and strangled by medical casts. ah, america is a land of every man for himself. connect to the pension system or universal health care. basic insurance for poet pension is covers almost nothing. they have to pay their own pockets. this worry and phenomenon touches all of american society and is only getting worse as more baby boomers retirement. a new study reveals

a jarring truth for baby boomers tonight, instead of retirement and relaxation, many are facing bankruptcy. what's happening today the well, this is accelerating a long term trend that we've seen and the great recession, poor, even more fuel on that medical costs out of pocket expenses have gone up dramatically. and then we should also note that median household income wages in general have been stagnant for almost 3 decades. a drama, not for everyone. the financial world creates a mechanism that generates profit, even out of depression. it's known as the life settlement market. the system involves buying life insurance policies from hundreds of thousands of elderly and sick americans. once bought by brokers, the policies are bundled in life portfolios and transformed into financial products to be traded on the financial market. will sold directly to investors around the

world, generating around $3000000000.00 a year from the usa to geneva and zurich. this is how the financial world has produced yet another path to resistible profit. ah, ah, girl, this is her. hi mickey. wow . so i'm changing a lot here. ok? dad's old house. now it's my house. i thought i'd make some changes. so this used to be my dad's house and then he left it to jordan and he did a lot of fixing up before he died to make sure that the grand babies had a nice, safe, clean. so he started doing research on, on what he could do,

what were his options, how, how, how do people survive in this country when they don't have, you know, a money basically, or job and you're already over a retirement age and i'm pretty sure that was one of the only options that is left is to sell your life insurance. i don't know what else he would have done. i didn't know that was an option at all. i'm sure he was. i don't think he knew it was an option either until he just started googling around. you know, was he found out it was an option. it was kind of a no brainer. mm. is what done found off the searching life settlement on google ads from dozens of companies competing to find retirees ready to sell their life insurance. mm hm. how it works. life insurance is a form, a savings through monthly premium is payed to the insurance. when the insured person dies, the money is usually paid out to family members. with

a life settlement, the unsure agrees to sell and life insurance to an investor in exchange for an immediate payout. the investor then continues to pay the monthly premiums on the day of death, the bio pockets, the remaining insurance pay out often making a significant game. but be warned for the process to be profitable for the investor, the insured has to die as quickly as possible. the longer they live, the longer the investor has to keep paying and losing money. ah ah yeah. oh me. millions of americans being plunged into poverty on retirement is one thing. but the life settlement industry needs to find the most desperate situations. people weaken by

fairness and strangled by medical costs, so that investors put their trust in specialists to study candidates, medical records to identify those with the shortest possible life expectancy. oh, you are in a way, trying to outsmart good. well, now we're that we can't do to do a good at this. you need to have medical professionals who can evaluate medical records and distinguish the really severe from the less severe. mike soperano is one of the pioneers in estimating life expectancy for life settlements based in washington. his company evaluates over $10000.00 files a year. you given estimation in terms of months, weeks, days. what's, what's typically months? yeah. months is, is the standard and the life expectancies can vary all,

all over the chart. we get very complex cases of people with advanced cancer or with a l. s. or other severe impairments who can have life expectancies of 2 years. one year, less than one year, and then we get people who are relatively healthy and they can have life expectancies of 1215 and more years. those policies may not transact as often because the numbers don't work out as well . now did these mobile financial products appear to understand that we have to go back to the 1980s? the aids epidemic took the world by surprise and promote panic and misunderstanding . the khaki unit is actually was the,

the west new plasma east gonzagos us up. let's speak to less, you will surely be on the v, the mileage you see down us down. let the can you rush, they will matlab. we're going to go some separately. does she want to be a thomas? i'm up of to sheila to tell you that that's your answer. yes, i will give all members you guys will, isn't that media on? i don't live on the on speak you at the less you want to be able to share more. i, portia, i've, yes, you will form, you don't get yourself initially, there was no cure. and so the deaths happened as predicted. and then in 95, i believe it was when they came out with the cocktail. that was the 1st of a series of drugs that extended life significantly. these funds that were created went under the

but the miracle aid survivor's life policies didn't just disappear in the financial world. they were traded cheaply among new investors and eventually reached the banks of the limo. yes, a life insurance policies of those thousands of americans hit by the epidemic 25 years ago. now sit in new investment funds sold by a geneva company. ah, here's what we found in brochures promoting this become investment. aah! one life settlement fund. most of betting on the early deaths of 4532 elderly americans. many of those were h. i v carriers each month around 10 of them died, providing a consistent income of millions of dollars in the tactfully referred to as the total value of light that's tend to be more numerous in some of the heat waves. the

total value of life insurance held by pensions is $434000000.00. we tried to meet a fund manager who places these products on the geneva market, but without success. we did catch up with him, but he was very talkative, desperate as terribly afraid of the light. this is calling the journal. if i tried to contact you, i sent you an email recently about a home that we are in background. we have some simple questions. back after that attempt failed, we finally received some explanation, an e mail from an anonymous ellis, a pension administrator. me. would you the specific multi best and

the ash elementary to the simple about the cutest present. baker. send you a heads up, a protest, what you want to publish models notice said the issue and i'm going to the media don't do that for me on the list and the life that meant for somebody who don't know the best thing to other claims. and i'll stay with us. ok. so jump and i do you have a life insurance policy you no longer want need or simply can't afford the same proposition is made to baby boomers. are you 2nd pause but want a few more years to enjoy your retirement fella? your life insurance, if you can buy policies from people, of lesser income. if you can buy a $100000.00 policy from someone who's annual income is $50000.00,

versus someone who's annual income is $250000.00. you'll do better in the $50000.00 universe. that's pretty clear. why would it be better? well, because their, their death rate will be higher because they are part because they're earning because they're earning less. there's a, there's a relationship between death rates and income. that is actually fairly straight line the the

who's when i would show the wrong. when all just don't the rules yet to see out. this thing becomes the after kid and engagement equals the trail. when so many find themselves will depart. we choose to look for common ground the media,

a reflection of reality the in a world transformed what will make you feel safe for the tycer lation whole community. are you going the right way or are you being direct? what is true? what is faith? in the world corrupted, you need to defend the join us in the depths or remain in the shallows. ah, if you are age 65 or older, have at least $250000.00 in life insurance and want to learn more about your options for a life settlement. go to l i s market dot com. and the proceeds can be used any

way you want for retirement income to pay a medical bills. ah, that's exactly what done. she was forced to do. at 65, he had nothing left. the meagre savings that he wanted to leave to his children were in his life insurance. but terminally ill and with no income. he had no choice but to sell to the highest bidder. dead and leave me any documents related to the life settlement. but i did find his email account a conversation that he was having if your office the same as the others, why would i deal with you? i'm sure you understand. i have to get the most i can is the, his basically all of the living for whatever time i have left, the other company came back and offered me a 150000. now, any chance you could meet that i might get them to match the $150000.00 for you and

pose much faster than the other group i hadn't heard from you. so i went ahead and got the other companies paperless notarized for most people that task would be no big deal. but in my condition, it was you know, i was aware that somebody was making a lot of money off of this insurance policy. mm. honestly, by my estimation, this policy will cost just $2.00 to $3000.00 in premiums, so it seemed to me 75 percent of the death benefit would be fair to me and still quite profitable for the buyer. as i said, the more i can get, the better things will be for me. so i'm definitely interested in the best price i can get. we can over $165000.00 for the policy. go ahead and send the new stuff in the end. don't signed and was paid within a week. mm hm. the pension funds that bought his policy only had to wait a few years and made

a profit of around $50000.00. when don died in november 2019 michael friedman is a life settlement broker. we are a life settlement provider, means that we buy life insurance policies from primarily seniors throughout the united states who no longer want or can afford their life insurance policies. baby boomers are now 73 years old, which is around the, the age at which like settlements become more likely to, to work for the seniors as they get older. and they need assistance with, with activities of daily living as, as they're referred to bathing, dressing, transportation, eating. and they can't take care of themselves. and they need what's called long term care. then medicare doesn't cover that. so we happy retirement crisis in this country and we have

a health care crisis for seniors in this country as well. the do you think the situation would be the same in the us for this industry? with a strong universal health care. it would reduce the discrepancy in the life expectancy from poor to rich and provide less of a windfall if you will. if would be less profitable? well, yeah, you could say less profitable. sure. and what we're seeing now with the silver su nami, of sr, is now turning $73.00, the baby, the 1st baby boomers. we see that there is a shortfall that we see that governments are facing increased costs in their

medicaid budget. so that baby boom generation is yes, an opportunity for the life settlement market, but it's, it's, it's a private sector solution to providing funds and resources to the largest growing population in america today. oh, i me. the distress felt by sick and poor american baby boomers, death will provide finances with an opportunity. but who like in the case of life insurance, is made sufferers in the 1980s. it's in switzerland that a large number of investors can be found with an interest in this particular bad. even more surprising if the retirees who have the most to win from this business of death. you may have

a pension that is based on swiss lives. but 20 years ago, when the assumptions were set up for that performance of that, of the, of the lives that things have changed over 20 years. you, you swiss are living longer, people are living longer, there's more pension payments being made, investing in life settlements. i should say is not so much just, it's not about investing on sick people and things like that. it's testing on a group of lives with an average life expectancy over 10 years that can cover that can match up that shortfall. but it's good business for life insurance policy holders in this country who sell their policies and then for the benefit of the of the pension that may invest in that. ringback that was the exact calculation made by the city of zurich, pension fund. it's one of the country's most respected insurance companies that manage his pensions for more than 800000 former public servants. in 2017,

it's directors decided to invest 18000000 francs in life. settlement you tube down his head of investments. the zurich mentions homes in this life said to maintain a practice product for any insurance. got a stance coming via from life. settlement in with the children i'm positive, it ended up and does he seem to how it can avail niche meals and sustain? please stay on the line and get on to karen and in laban spot for your yet bowan or give just bizarre of it to get conquer. hyper 9 k on said saima how you fall onto the east. i'm right diverse if you see if this but folio to famine,

to our one on nice said finished. pretty fish, cronkite the small and v o. skirmish on the damage, nickel minute indeed. did to a t. and then a minute drive in the john i now made capes. stadium fear. i'm going good old heights. custom to be silent ads. i leave in front of the show home forecast yesterday. le john shipped this dog hershawn coffee for the pensions cashed him, stuff does he sneezed so be on this invested jolen had another via the shower, nist, the and latency chunks police and wanting to be in the shed. so i've interviewed daily living quality rate and those volunteers,

he needs to summarize, thanks to excellent health care. switzerland is a country where retirees tend to live the longest to funds, their pensions 0 x public pension fund has to place bets on thousands of americans dying early because they can't pay for medical treatment. start to come by and stock as such. alice gives ethan is thus kish compatible. when to the politic in vegas act we are cow fin. decent. lighten here if he could. thanks. police say up. d. c. screened and denise me don't to to happen . for cow from bolen or to mason on sounds on scar,

kind of tune. it was that i was to my house, diesel police. i think it's just a sad state of affairs that, that life sediments are even necessary for people. because it all he needed it for was for survival. he wasn't trying to like buy some crazy machine or do some kind of crazy treatments. he just needed money to survive on. so the field is going to be harrison and he can, i mean he can sign it side this case i left younger aside based that we're getting size on today for the children. i never indeed did meet up till and on thirty's to be by yet to talk to on the time it than on the market that i'm talk to him by decide denial, looked as if he basically states in the american system might look like a nightmare. no one wants to be forced to sell their house or life insurance to pay

for chemotherapy in europe. that would be a scandal. the news when it comes to paying for their pension as they don't hesitate to profit from this liberal american system. and the distress at causes, ah, yes, there's a group of people out there, i guess, hoping that people die soon. what kind of, what kind of motivation is i give them, you know, to invest their money in good things that help maybe help keep people live longer. they have no motivation to do that with their money now, because now they want people to die sooner because they profit often. that's probably the thing i struggle with the most since he died as, as how unfair everything about. i mean, he never got a fair shake. the luck of retirement that he got to enjoy the pain he had to endure . he didn't deserve any of that. he was just kills me. that's usually what,

when i start crying about him dying, that's usually what it's about. it's just the sheer unfairness of it all. me selling her own dest, the highest bidder, is above chosen by many elderly americans to pay for their retirements. ah! knowing that we are all seating this machine, ah, the anglo merkel makes her exit from german politics. voters have made it clear they were looking for new ideas and directions. wrinkles party suffered electoral defeat with smaller parties in the mix to form a new governing coalition. will this be called the merkel inheritance?

ah, no one, no, no, no, no, no. what was the limitation of unit 73. 1 was a unique organization in the history of the world. what they were trying to do was to simply do nothing short and build the most powerful and most deadly biological weapons program that the world had ever known. real enough field you will learn some new look. ah, he moved to new mom thought this new the all new and i

got the sale. i wish you know i got julie. whoa whoa, whoa, whoa, whoa. last in a jail it's, i had to put all of this, call them and all buddy bill, you hours nice little to do you want to on this? she my new on it and all. i isn't more more good for you. put them out there to give us a try now where we have so many inputs on a daily basis that are completely related to reality. so think about how and social media filters and they basically were present themselves in a very unrealistic way. and so we come at a fomo,

there is and be involved more than that. it's about being sort of envious of something that may not exist. and it's also really tied to the fact that as humans, we want to be part of the crowd. ah, russia threatened to block you tube in the country after that video sharing platform permanently deletes ortiz and german language channels. also say the u. s . company wouldn't have acted without approval from a live reaction all not coming up. and also i had the international criminal court drops prob, into a lead us war crimes enough get us down to focus solely on terrorist groups rights organizations condemned the move accusing the i c. c of caving in to pressure from washington.