after an engagement equal trail, when so many find themselves will depart, we choose to look for common ground. as angela merkel makes her exit from german politics, voters have made it clear they were looking for new ideas and directions. wrinkles party suffered total defeat with smaller parties in the mix to form a new governing coalition. for this be called the merkel inheritance, imagined picking up a future textbook on the early years of the 21st century. what other chapters called gun violence school shootings, homelessness. first, it was my job and it was my name was my siblings. i have nothing. i have nothing and it's not like i don't try. i live for resources. i look for jobs. i look for

everything i can to make this pass. and i end up doing, passing the road to the american dream, paved with dead refugees. as very idealized an image of the older america, native american look past the death that happen every single day. this is a modern history of the usa, my america on r t i in i. 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 gonna be able to make the mortgage still. he had that, that same humour. he never lost it even to the very i just financial situation. retirement age was dire, was terrible. he had nothing. he was diagnosed with stage 3 had in that cancer, which is pretty vague, but it was canceled the console stage 3 because it already spread to his lip. 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 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? we go? 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 will create 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 every system profit. ah, ah. the girl, this is her neighbor. i mickey. 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. me is what don found after searching like 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 of savings through monthly premiums paid to the insurance. now when the insurance person does the money is usually paid out to family members. with a life settlement, the unsure agrees to sell their life insurance to an investor in exchange for an immediate pay out. 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 gain. 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. the 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 philos 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 job 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. 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 promote panic and misunderstanding . throughout the khaki published unit is actually the was the, the west, the plasma gonzagos us up less space less you will surely be on the v. you see down us down the now let the can you rush, they will matlab the new goals some dollars separately. does she want to be a i don't want to sheila to tell you that that's your answer. yes, i will give names. you guys will, isn't that media much? don't put them on speak you that the less you want to be the c d, c p, chef color more. portia, i've, yes, you will form, you know, okay, so initially there was no cure. and so the deaths happened as predicted, and then in $95.00, 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 with a miracle aid survivor's life policies didn't just disappear in the financial world . they were traded cheaply and new investors. and eventually we to the banks of the limo. yes, the 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 makeup investment. ah, one life settlement fund most of betting on the early deaths of 4532 elderly americans. many of us are

h i v carriers each month around 10 of them died, providing a consistent income of millions of dollars in the factory referred to as maturity. 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 wasn't very talkative. death traders are terribly afraid of the light. this is call up 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 your 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 elementary to the simple to create a present vegas and you had set up a progressive what you want to publish models. notice said the issue and i'm going to the media, do you the system, the life that meant this on the on the other claims and i'll see what you just 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 sick and pull 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. ah,

look forward to talking to you all. that technology should work for people. a robot must obey the orders given it by human beings, except when such orders that conflict with the 1st law show your identification. we should be very careful about artificial intelligence at the point obviously is too great truck rather than fear i would like to take on various jobs with artificial intelligence real summoning with demon a robot must protect his own existence, was that kaiser's financial survival made the girl i was going to be the central product support dong a problem. i know they stopped 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 medical bills. ah, that's exactly what done. she was forced to do at 60, if he had nothing left. the meager savings that he wanted to leave to his children were in his life insurance. bert 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 your offers 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 that his basically on i'll be living for whatever time i have left, the other company came back and offered me 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 test would be no big deal, but in my condition, that was he knew what was going on. i 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 signed and was paid within a week me the pension funds, the board. 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 policy cease 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 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 senior 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 budgets. 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 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 1900. it is. 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 live 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. that's it's good business for life insurance policy holders in this country who sell their policies. and then for the benefit of the

end of the pension that may invest in that 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 manages pensions for more than 800000 former public servants. in 2017, its directors decided to invest 18000000 francs in life settlement. ah, you tube down his head of investments, the zurich mentions homes in the life settlement and practice product for any insurance. got a stance coming via from life settlement invested to and 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 kind and in this live and spot

for your yet bollinger give just bizarre ervish to get conquered hyper name caydan said saima, how you fall on to t least i'm but i steve as if it see it this portfolio to famine to power one nice said finished. pretty fish concave the small and via they will skirmish on the, on the nickel minute indeed to a t and the name was ivan, the john hancock. now me to capes. stadium, fear. i'm trying to get all the heights cost him to be silent ads. i label for visual forecast yesterday. le john shipped this dog hershawn coffee for the pension scottish tint. see sneezed. so v

b and these are invested tillman had given us a via the shower in east and laden's was he hit on the police and to be in east. so i've interviewed daily living quality rate and those volunteers each on each lab. to summarize, thanks to excellent health care, switzerland does a country where retirees tends to live the longest to fund their pensions. xerox public pension fund has to place bets on thousands of americans dying early because they can't pay for medical treatment. starting to die in stock as such. alas, good heathen is thus cash compatible when to the politic in vegas act vs cow,

fin. decent. lighten here. if he could on police say up d. c, screamed and denise, to me don't to, to happen for cow from bolen or to mason on town. sounds god kind of tune. it was that i was to my house this of 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 the field and going to the house and he, he can, i mean he can sign it site this case i left younger if i placed this via pitting size on today for the children, i never did meet up. see you on thursdays to be by yet to talk to you on the time

it and mark that down. talk to him, bye, 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. ah, when it comes to paying for their pension as they don't hesitate to profit from this liberal american system. and the distress of cause i yeah, out of 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 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. it's just the sheer unfairness of it all. me selling her own desk to the highest bidder is above chosen by many elderly americans to pay for their retirements. ah, knowing that little seating this molded machine, ah ah,

when i would show the same wrong when all just don't you. yes to shape out. the thing becomes the aptitude and engagement equals the trail. when so many find themselves worlds apart and we choose to look for common ground. as angela merkel makes her exit from german politics, voters have made it clear they are looking for new ideas and directions. wrinkles party suffered total defeat with smaller parties in the mix to form a new governing coalition. will this be called the merkel inheritance?

ah, one must and i'm not really sure what the most of the limitation of i unit 731 when 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. but it will show that they're not eligible. no new new

model to new model thought this new, not new. and i got the room was i wonder, i wish to know about julie who knew he didn't more or less than a journalist. i had a couple of the code and mother and all buddy bill, you can nice little to do want to on this the little she my new on it and all i is and more more good. you know, put them out to take your boss live in a try now where we receive so many inputs on a daily basis that are completely related to reality. so think about how in social media filters and they basically present themselves and very unrealistic way. and so we come from out there is and be involved more than that. it's about being sort

of envious or something that may not exist and is also really tied to the fact that humans we want to be part of the crowd. ah, us lawmakers aren't pulling their punches as they grilled the american military's top brass per 2nd day over what some in congress called washington humiliating exit from afghanistan. there was an extraordinary disaster. it will go down in history. is one of the greatest failures of american leadership. russia threatened to block you tube in the country after the video sharing platform, permanently delete the rtp german language channels. moscow says that the u. s. company wouldn't have packed it without approval from berlin. and nato sends extra troops to kosovo admit and arm stand off with serbia.