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tv   Documentary  RT  September 30, 2021 6:30am-7:01am EDT

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95 percent of comedy outlets, but that's not enough. they want to size the few comedians who poke because away comedy is comedy. there are no restrictions to can make fun of. when someone tries to tell you what's off limits for comedy means to start to get scared. well, there's also a liner in the article that walks the conservative comic grad greg, good felt he's been a tv hugs to one of america's most popular night tv programs. and even comics with left leaning political views to have criticized the piece. but we got the thoughts of comedians, evan say it, and ron actually the left that has the hard time punching up, making jokes even about themselves. whereas the political right to make jokes about themselves, because they don't think humor as part of warfare. they think i'm humorous part of the entertainment. the problem is the radical left the left, jimmy kimball's and. ready the steven crow bears they've weaponized comedy. as far as can you be politically funny?
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as a conservative, i say even more so the liberal conservatives don't believe that our side don't make mistakes. in fact, we kind of get a kick, an appointment before bulls of our own size. i think comedy can be from different political perspective. they can certainly still punch up. there's all kinds of stuff out there from a liberal perspective and a right wing perspective that i personally disagree with about as far as like, who can and can't do comedy. i'm not really into having those types of conversations. i don't see how they're productive. a lot of comedians who talk about politics a lot. i mean, obviously they're leaning shined through. i mean, someone who watches me is going to know. yeah, this guy is pretty far left about my personal take. i, i don't think that should defied some want if someone comes and sees my stand up back, they're not going to hear of 45 minutes about nothing but politics. they're going to hear other things as well. we're all just comedians were just talking about stuff that we care about and you actually see that brings you up to date with all
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the stories that so far today. good to have you company back again at this. hopefully. i know when i would show the wrong one, i'll just don't need you to fill out the thing because the after an engagement equals the trail. when so many find themselves well, depart. we choose to look for common ground me in. ah,
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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. it's even going to be able to make the mortgage still. he had that, that same humour. he never lost it even to the very, in this financial situation. retirement age was dire, it was terrible. he had nothing. he was diagnosed with stage 3, had a neck cancer, which is pretty vague, but it was cancelled the console stage 3 because it had already spread to his live . me. this is done. shouldn't braiden's father like him?
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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 to go? well, this is accelerating a long term trend that we've seen in the great receive 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,
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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. so 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 part of the system profit. ah
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girl, this is her. over here. 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, it's 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
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a no brainer. me is what don't 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. and 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 of the unsure degree to sell their 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 gain. 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,
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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 we can buy filters 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 a good job at this. you need to have medical professionals who can evaluate medical
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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 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.
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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 the khaki published unit is actually was fits of west new plasma gonzagos 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 the new goals, 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 you guys will, isn't that media much? don't live on the, on speak you lot. the less you want to be the c d. c, p. chef. my portia, i've, yes, you will. farm you don't get yourself initially. there was no cure and so the
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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 put the miracle aid survivors, 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, 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,
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here's what we found in brochures promoting this 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 tactfully 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,
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i sent you an email recently about a home that we are even in background. we have some simple questions for me. after that attempt failed, we finally received some explanation in an email from an anonymous ellis, a pension administrator. mm. could you do a specific multi 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 why you want to publish a model. notice said the issue and i'm close to 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 stay with us? okay,
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so jump 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 your life insurance. if you can buy policies from people of lesser income, if you can buy $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 live and because they're earning less there's a, there's
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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 the shorter does 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 take on various jobs with artificial intelligence. we'll summoning the demon a robot must protect its own existence with
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ah, comes to me at work is ah, well the good news made because i don't want the cause the choice. sure it's underwood while your community it's not normal for peace and she can listen. can you know and leave
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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 medical bills. ah, that's exactly what don slant 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 that terminally ill end 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
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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 to his basically all of the living up 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, the most people that task would be no big deal. but in my condition, it was you know, what's going on. my dad was aware that somebody was making a lot of money off of his insurance policy. me honestly, by my estimation, this policy will cost just to the $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
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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 i don't signed and was paid within a week 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, 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,
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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
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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 budgets. so that baby boom generation is yes, it 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 poor american baby boomers,
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death will provide finances with an opportunity. but who like in the case of life insurance is of age sufferers in the 1980 s, it's in switzerland that large number of investors can be found with an interest in this particular battle. even more surprising, it's the retirees who have the most to win from this business of debt. 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
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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 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 his life, said to find a practice product for any insurance. got a stance coming via from life settlement invested in and i'm positive, it ended up and does he seem to how it can avail to either niche meals?
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i have sustain, please stay on the line and if you don't get on to kind and in this live and spot for your yet bow and give just bizarre of it to get conquer hyper 9 k on said saima how you fall on to t least i'm right div as if you see if this portfolio to famine to our one on nice said finished pretty fish cronkite the small and via skirmish on these on the need to go minor indeed to a t and then a minute. 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'm leaving for the visual forecast. yeah. a lot. john shipped this talk to her. that's
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perfect for the pensions cashed in the us. does he sneezed so via and he's invested tillman, head of the via the shower in east the and laden was he chunks police and was going to be in the shed. so i've interviewed daily living quality rate and those volunteers each on each lab. to summarize. thanks to an excellent health care, switzerland is a country where retirees tend to live the longest to funds. the pensions zurich public pension fund has to place bets on thousands of americans dying early because they can't pay for medical treatment starting to have in stock as such. as disney is thus ish compatible
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with the politic in vegas act. we are cow fin decent light and he had a fuzzy kiddos police up d. c. screamed and denise to me don't to to happen for cow from bolen for to mason on town. sounds god kind of to me. it was that i was to see so police and i think it's just a sad state of affairs that, that life 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 the field and going to the health. and yet he can, i mean, he cannot, does he sign a site this case i left younger his i placed this we're seeing
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size on today for the ship than i never indeed did meet up here on the east to be by yet to talk to on the time it than on the market, i'm talk to him by decide. and then i look this, 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 to profit from this liberal american system. and the distress of 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.
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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. ah, selling her own dance to the highest bidder is above chosen by many elderly americans to pay for their retirements. ah, the little sheeting this molded machine. ah, ah
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ah, ah, ah ah, ah. news . when i went to the wrong room, just don't i mean you rolled out disdain becomes the advocate, an engagement equal betrayal. when so many find themselves well
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deploring, we choose to look for common ground in the there was an extraordinary disaster. we didn't have a president, it was so adult. you all would be fired. i don't think anyone can trust anything. this president says about up against us all. mike has his scold, joe, why not is tell ross to of what some in congress nicole in washington is humiliating. withdrawal left guns coming up. we are. so it's a whole half gun campaign might be a big gift failure than just the pull out itself. also this out the wall of shame that for the coffee spelled out not how some encourage come to view be yet will paris up in arms.

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