jamie diamond was critical, a big claim to starting what it was, $200.00 a point. it's now around $45000.00 point depending the points out from here. so he's looking for up to a point $55.00 and about a coin. imagine picking up a future textbook on the early years of the 21st century. what other chapters called gun violence school shootings, homelessness 1st, it was my job and it was my name was my savings. i have nothing. i have nothing and it's not like i don't try. i look for resources, i look for jobs, i look for everything i can to make this past. and all i end up doing is passing the road to the american dream, paved with dead refugees at this very idealized image of the older america, native americans look past the death that happen every single day. this is

a modern history of the usa, my america on r t ah me 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 humor. he never lost it even to the very end. ah,

just financial situation. retirement age was dire. it was terrible. he had nothing . he was diagnosed with stage 3 head and that cancer, which is pretty vague, but it was canceled the console stage 3 because it had already spread to his live me. this is done. shouldn't braiden's father like him? millions of americans, which were time and every year with almost no savings. i'm strangled by medical costs. me. america is a land of every man for himself, connected pension system or universal health care. basic insurance for poet pension is covers almost nothing they have to pay out of their own pockets. this warrior phenomenon touches all of american society, and it's 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 goal? well, this is accelerating a long term trend that we've seen in 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 a life insurance policy 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. so directly to investors around the

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 every system will profit with ah, the girl that with her. thank you. yeah. i micky. wow, so i'm changing a lot here. ok. dad's old house. now it's my house. i thought i 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, once 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. now, when the insured person dies, the money is usually paid out to family members. with

a life settlement the unsure degrees to sales 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, 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. but 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 for sancho 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 give an 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 morbid financial products appear to understand that we have to go back to the 1980s? the aids epidemic took the world by surprise and provoked panic and misunderstanding our khaki. that is actually the west

new plasma vocals us up less speak to less. you will surely be on the v. you see down us down, you know, let the can you rush, they will matlab. we're going to go some dollars separately. does she want to be a thomas? i'm up or to sheila to tell you that that's your answer. yes, i will give all members your guys will, isn't that media, and i don't live on the on speak you lot. the less you want to be the see. dia sieboldt chef. my portia, i've, yes, you will form. you don't get it 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 us 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 maturity dance 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 didn't catch up with him, but he wasn't very talkative. death traders are terribly afraid of the light. this is peter calling the journalist. i tried to contact you. i sent you an email recently about a home that we are even in background, we have some simple questions. thank you for me. after that attempt failed, we finally received some explanation in an email from an anonymous ellis, a pension administrator. me. would you the specific monday best and

the ash that's good, i'm sorry. did it a simple, i mean it's about to create a present vegas and you'll get that up. that's what you want to publish. notice said the yes you and i'm all i got the media. do you the system, the life that meant that somebody brought it up or did you know the best things? are they planning to see what the salty switch plan also has been? 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 pull but want a few more years to enjoy your retirement? sell us 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. ah. when i would show the wrong, why don't just don't the world yes. to fill out the thing

because the after an engagement equals the trail, when so many find themselves will depart. we choose to look for common ground in a try. now where we received so many inputs on a daily basis that are completely related to reality. so think about how in social media filters and they basically were present themselves very unrealistic way. and so we come to a fomo there and be involved more than that. it's about being sort of envious of something that may not exist and is also really tied to the fact that humans we want to be part of the crowd. oh, ok with me is work is ah,

well the good news . hello, killing me because i don't want the cause the choice of shirts under which while you're committed, it's not no more recent. you can listen. can you not leave to me 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. oh, that's exactly what done. she was forced to do. at 65, he had nothing left. the meager 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. dad, and leave me any documents related to the life settlement. but i did find his email account a conversation that he was having if youre off as 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 on i'll be 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 toes 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 going, my dad was aware that somebody was making a lot of money. insurance policy. me 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. 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. with 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, which means that we buy life insurance policies from primarily seniors throughout the united states who no longer want or cant 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 have a 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. what 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 distressed, felt sick and paul american baby boomers, death will provide finances with an opportunity. but who like in the case of life insurance is of age sufferers in the 1980s. it's in switzerland that large number of investors can be found with an interest in this particular bad. even more

surprising. it's 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. 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

that with the exact calculation made by the city of zurich, pension fund. it's one of the country's most respected insurance companies that manages pensions for more than 800000 former public servants. in 2017, its directors decided to invest 18000000 francs in life. settlement you tube down his head of investments. the zurich mentions homes in the life set and then find a practice product for any insurance. got a stance cannon via from life settlement invested. tillman. i'm positive, it ended up and does he seem to how it can avail niche meals i have sustained? please stay on the line and get on to kind and in this is live and spot for your yet bow and give just bas under her wish to get conquered. hyper 9 kate on said saima how you fall

into the heel east. i'm but i have as if it see if this portfolio 2000 to one nice said finished. pretty fish cronkite the small and v skirmish on the east on the need to go minor in d did to a t and the name in which items. yeah, john, i have now made capes, stadium fear. i'm trying to get all the heights cost and to be silent ads. i live in phillip visual own forecast. yeah, a lot. john shipped this dog hershawn. that's perfect for the pensions cashed him to death. does he sneak so be on this invested? jolen had another via the shower near the end and laden says he

chunks police and i'm going to be in the shed. so i've interviewed daily living quality rate and those volume vs each on each lab. to summarize, thanks to an excellent health care, switzerland is a country where retirees tend to live the longest to fund 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 die in stock as such. alas, good reason is thus kish compatible with his ability to take 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 bolan. mason on town on god kind of tune. it was that i was to my 6 of police i think it's just a sad state of affairs that, that live sediments or 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 those even going to the hudson and he can, i mean, he cannot, does he sign a site this case i left down this i placed this via between sizes on today for the shift and i never indeed did meet up here on the east to be by year round, talk to you on the time in the market to buy the site. and

then i looked as if see basically states in the american system might look like a nightmare. no one wants to be forced to sell their household life insurance to pay for chemotherapy in europe. that would be a scandal. ah, when it comes to paying for their pension as they don't hesitate, the profit from this liberal american system and the distress of causes. yeah, so 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 deny sooner because they profit off it. 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 hidden 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. that's just the sheer unfairness of it all. ah, me selling her own dance to the highest bidder is above chosen by many elderly americans to pay for their retirements. ah, never knowing that we're all feeding this morbid machine. ah! the jamie diamond was critical. a big claim starting when it was a $200.00 a coin. it's now around $45000.00 boys,

depending at the points out from here. so he's looking for up to $450.00 to $5.00, and about a coin the the the latest one most. and i'm not really sure what the most of the limitation of the unit 731 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 to production. issue sure. enough to build on it. so new look at the moment. to know martha, this is ms. nunez. the more do now got the room was i don't understand. i wish to know about jewelry. who i know he didn't more or less than a jewel it's. i had a pathologist, mother and all you. nice to don't want the fondest my new on it. i know i isn't more more good. you're not going to give us

the news us lawmakers aren't pulling their punches as they grilled the american military top brass very 2nd day over what some in congress called washington humiliating exit from afghanistan. it was an extraordinary disaster. it will go down in history as one of the greatest failures of american leadership. russia threatened to block you tube in the country after the video sharing platform permanently deletes ortiz, a german language channels. moscow says that you ask the company wouldn't have acted without approval from berlin and meadows and extra truth to kosovo admit, and the arm stand off with serbia overwrote access. we'll hear from a journalist.