for more or less than a jr, once i had all the sco their mother and all everybody be all good, you got hours nice. oh boy, that's good to go on. what the on this the wow, she my a new id on site is and more a year you are not allowed to give us a ah

i 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 the situation called for him, 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. still, he had that, that same humor. he never lost it even to the very end. mm

. this financial situation at retirement age was dire. it was terrible. he had nothing. he was diagnosed with stage 3, head in that cancer which is pretty vague, but it was cancer of the tonsil. stage 3 because it had already spread to his live . this is done, shunt braiden's father like him, millions of americans which were time and every year with almost no savings and strangled by medical cost. me. america is a land of every man for himself, no collective pension system. all universal healthcare basic and children's for paula pension is covers almost nothing they have to pay out of their own pockets. this worrying phenomenon touches all of american society that 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 to baby go?

well, this is accelerating a long term trend that we've seen and the great re in corp, 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, has been stagnant for almost 3 decades. and a drummer 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 up 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. who 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 pastor, irresistible profit. ah, well this is her thanks to come over to the caea. i mickey. wow. so i'm changing a lot here. okay, 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, 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 and i 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 to so he life insurance. well no. what else he would have done. i didn't know that was an option at all and i'm sure he was. i don't think he knew it was an option either until he'd just started googling around. you know, was he found out it was an option, it was kind of a no brainer. is what done found after searching life settlement on google ads from dozens of companies competing to find retirees ready to sell their life insurance can yes. how it works. life insurance is a form, a saving through monthly premiums pay to the insurance. and when the insured person dies, the money is usually paid out to family members to with a life settlement the insure degrees to sell their life insurance to an investor in

exchange for an immediate buyout. the investor then continues to pay the monthly premiums on the day of death, the bio pockets, the remaining insurance payout often making a significant gain. but be warned, for the prose has 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 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 weakened by illness and strangled by medical costs for that

investors put their trust in specialists who study candidates medical records to identify those with the shortest possible life expectancy. oh, you are in a way trying to outsmart god. well now it, we're, we're that we can't do to do a good of at this, you need to have medical professionals who can evaluate medical records and distinguish the really severe from the last severe mike for santa is one of the pioneers in estimating life expectancy for life settlements based in washington, his company evaluates over 10000 files a year. you given estimation in terms of months, weeks, days. what, what, 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 last 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 more big financial products appear to understand that we have to go back to the 1980s? the aids epidemic took the well by surprise and provoked panic and misunderstanding refer. you are deeply touchy feely on this unit is actually was the, the was seen the down the plasma. so the skull vogels, usaa less speak you less,

you will surely be on the ve the melody you see down fast. i mean, i'll let the can rush, they will mail out there won't be no goals, some 1000 separate. he does. you want to be a i thought of us. i'm hopeful to sheila thought that the day that, i mean that's yontsa. yeah. michael gave, remember you guys will, isn't that media on ash? don't live on speak. you like the less you want to be nancy. dia, tabletop or chef l. m. i, portia, i've, yes, gene with foam, you know, get, guess. initially there was no cure. and so the deaths happened as predicted, and then in $95.00, i believe it was. so 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 a, went under a, with a 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 level as the life insurance policies of those thousands of americans hit by the epidemic 25 years ago. now it in new investment funds sold by a geneva company. ah, here's what we found in brochures promoting this mockup investment one life settlement fund boasts of betting on the early deaths of 4532 elderly americans. many of whom are h. i v carriers each months around 10 of them die. providing a consistent income of millions of dollars, tactfully referred to as maturity deaths tend to be more numerous in summer 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 desk. traders are apparently afraid of the light. this is possibly the according to journalist a week, i tried to contact you. i sent you an email recently as called about a jose in even in back ground, we have some simple questions bank written after that attempt failed. we finally received some explanation in an email from an anonymous ellis, a pension administrator which is a specific monday person. that's part of the yes, that's good,

i'm sorry. did it assume contaminate? particularly select on seattle, top exit of acres, educated up a classroom where you wanna publish models donna said to by issued i multicast, immediate entity, do that to me. i've either sustained the life that that meant this little rock bottom level did of no depressing job. they put in financing the salty switch and plan also has balance of ah, 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 paul, 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 they're, there, death rate will be higher because they are part of course they're earning live because they're earning. last there's a, there's a relationship between death rates and income that is actually fairly straight line. ah, if you are expecting be of random, it could be in the image or with a seat, and i'm sorry, this is a long explanation. b, you will have to see if you want me to go madness as. but that was a beauty entities. you've got to compose the estimate democratic system on both on sunday plans evolve and then when it could order

ah, a with both. 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 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. dad and leave me any documents related to the life settlement, but i did find in his email account ah, a conversation that he was having if you're 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 as this is basically all i'll be living off 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

enclosed much faster than the other group i hadn't heard from you. so i went ahead and got the other companies paperwork notarized. for most people that asked would be no big deal, but in my condition, it was a he knew it was going on. my dad was aware that somebody was making a lot of money off of his 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 am definitely interested in the best price i can get. we can over a $165000.00 for the policy, go ahead and send the new stuff. ah, in the end dawn signed and was paid within a week. mm. the pension funds that thought 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. ah, we are a life settlement provider, which means that we buy life insurance policies from primarily seniors throughout the united states who are no longer want or can afford their life insurance policies. baby boomers are now 73 years old, which is around the, the, the age at which likes elements 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 than 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. ah, with do you think the situation would be the same in the us for this industry? with a strong universal healthcare. it would reduce the discrepancy in the life expectancy from poor to rich and provide less of a, 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 seniors. 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, 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. ah, for the distress felt by sickens poor american baby boomers therefore, provides finances with an opportunity. but who are they? like in the case of life, insurances of aids sufferers in the 1980s. it's in switzerland that a large number of investors can be found with an interest in this particular that 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 is not about investing on sick people and, and things like that. it's testing on a group of lives with an average life expectancy over 10 years that can cover they can match up that shortfall that it's good business for life insurance policy holders in this country who sell their policies. and then for the benefit of the in the of the pension that may invest in that oh. ringback 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 18000 former public servants. in 2017, its directors decided to invest 80000000 francs in life settlement yoke till blood is head of investments for zurich, mentions von vin diesel life said to him and sang, act even product. surely, insurance cast the ale stance conan via from life settlement invested. soon and i deposit deeper in detail. alton, does he seem to hide dickon avail glider niche milsap's for stanley as he stay se v stick only of anthony finality, your until conan indigenous leave and spot for your yet bowan. i gibbs, this bizarre ervish to get conklin high 9. k answered alzheimer high, you fall on to seal east. i'm but i diverse. if you'd see at this

portfolio 2000 to buy one ornish visits initially, i'll spit if he should cronkite from the small in viet out. bevells garnish on this afghan. these new to go. mine have indebted to a t and van m. m. dragon's jo john ein or s hands now? mid capes. shy june fear. and i'm giant gazoomba heights. ghost little bit silent ad zane levens fellows shall fall, golfed ye shanella. jonah shipped this door glow, saw that paul feet feel deep, and chance cashed him to death. darcy sneezed so vivid on these invested children had on k another via the shower near the island. and then laden's was he shrugs police, unarmed violent,

vanished. so our interview de la laban quality read them, thus volunteers each on each law hung. to summarize, thanks to an excellent health care, switzerland as a country where retirees tend 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. each to a car. dian starkers such alice give ethan, is that he achish compatible weight is a politic in vic his arc. we're cow, fin decent light and he had a 40 chunks, police set up dc i was screened and denise smith dawned to call her open for cow

from roland for some reason. on townsend's guard. kiner opportune. it was their house tomorrow. and i'll see of police say, 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 those even zayden z hyphen da ed. hi mckenna. i mean he does, he signed the site. um basically shifts down to this. i placed this via seeing slicing on so they foresee chilton i have in d. did i meet, etc, and on to cease to be by yet the throne talk soon? did i meet them after thrown, talk to them by decide, denies. look at this, see basic estate seen by 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 with when it comes to paying for the pensioners. they don't hesitate to profit from this liberal american system and the distress that causes a group of people out there, i guess, hoping that people die soon. what kind of, what kind of motivation does that 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 center because they profit off it. that's probably the thing i struggle with the most since he died as, as, as how unfair everything about. i mean, he never got a fair shake, the lack of retirement that he got to enjoy the pain he had to endure. he didn't

deserve any of that. he was just, it 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. mm. selling their own dance, the highest bidder is chosen by many elderly americans to paying for their retirement a little feeding this a big machine. ah, oh, ah lou to no one. no, sir,

no, no. admiral hooker, no, no. well, door, more shrill than what they should end up 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. drill no to production, but it gives you, oh sure, good. good. that they're not eligible. no new son, new rochelle. he one more mom. she knew margaret thought this meant union from all one i've been there and i've got to learn much sale. i got your name. i understood. i wish to know about joy. oh,

new. i know you didn't. oh gosh, no more promotion jr. let's i had to put the sco mother on all our buddy bill could you could help us out. oh boy. oh boy, to go or oh, what the on this the wow she my indiana, i'm all i can send more a month or put them out. i think if i got oh, is your media a reflection of reality in the world transformed what will make you feel safer? twice elation. oh community ah. are you going the right way or are you being led somewhere? direct. what is true? what is faith?

in the world corrupted, you need to descend so join us in the depths will remain in the shallows. 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 then it was my family dealing with 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 pass. and i end up doing, passing time, the road to the american dream paved with dead refugees. it's this very idealized image. our america makes americans look past the deaths that happen every single

day. this is a modem history of the usa by america on our t ah, the stories and shake the weight here in our t. a bombshell report, alleges the c. i a plan to kidnap poor sasa, nate wiki leaks, found it unit sound with the agencies. former chief mike pompei, i with the center of the clot kootenai calling for the sources behind revelation. we found, despite denying the accusations also desire. russia threatened to block youtube after the video sharing platform, permanently deletes artes german language channels. moscow says the u. s. company would, wouldn't have acted with an approval from berlin and it was an extraordinary disaster . if we didn't have a president, there was so adult, you all would be fired. i don't think anyone control anything this president says

about up against u. s. law.