you've got a good that they're not killed, you know you suddenly little sure. keep on move. mom. you know, margaret thought is meant, you know, the more not i've been there and i got the sale. i got your name. i got on monday. i wish to know about joy. oh, new peter. oh gosh, more polished in jail it's i had to put all of their mother and all but he built a couch that oh boy. oh boy, to go or, oh, what the on this? well, she my and new other. i'm all, i can send more on all segment gates you don't the year you're not. i'm all put them out that they give us a little harold is driven by dreams shaped by thinkers and those

with there's things we dared to ask or imagine picking up a future textbook on the early years of the 21st century. what are the chapters called gun violence school shootings, homelessness. first, it was my job, then it was my family. didn't 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 pass. and i end up doing this passing time,

the road to the american dream paved with dead refugees. this very idealized image of this older america makes americans look past the depths to happen every single day. this is a modem history of the usa by america. oh no t o in a 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. it's 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 hm. financial situation at retirement age was dire. it was terrible. he had nothing . he was diagnosed with stage 3, head and neck cancer, which is pretty vague, but it was cancer of the council stage 3 because it had already spread to his length. ah, this is done slant, brayden's father like him millions of americans which were time and every year with almost no savings and strangled by medical cost. america is a land of every man for himself, no collective pension system. all universal healthcare basic and children's for poor pensioners covers almost nothing they have to pay out of their own pockets.

this worrying phenomenon touches all of american society. it is only getting worse . as more baby boomers retirement, a new study reveals a jarring truth for baby boomers to night. 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 recession, port, 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. 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 our 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 path to irresistible profit. ah ah, well this is her thanks for the see and 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 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 instead. so he life insurance went 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 just started googling around. you know, once he found out it was an option. it was kind of a no brainer is what don't found after searching life, settlement on google ads from dozens of companies competing to find retirees ready to sell their life insurance is how it works. life insurance is

a form of savings through monthly premiums pay to the insurance, and when the insured person dies, the money is usually paid out to family members. with a life settlement, the insured agrees 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 payout 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, the longer the investor has to keep paying and losing money. ah ah ah, 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 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 job 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 $10000.00 files a year. you given estimation in terms of months, weeks,

days, wet, wet, what's, what's typically months? oh, 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, a l ass. 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 . how did these morbid financial products appear to understand that we have to go back to the 1980s?

the aids epidemic took the will by surprise and provoked panic and misunderstanding refer throughout the flu touchy feely tradition. index sooner was fits of was seen the done you plasma. so he's got vogue was usaa less speak us. you will surely be on the ve. the melody, you see down for stamina, let technique rush. they will mail out there won't be no goals, some 1000 separate. he's that you want to be a i thought was i'm hopeful to sheila totally dated up. that's your answer. yeah. like wookey, remember you guys will, isn't that media on ashton vaughn? i speak you at the less yours vina. see dia, tabletop reshay, africa. i'm more of a portia. i've years in will farm you don't get casa initially. there was no cure. and so the deaths happened as predicted, and then in $95.00, i believe it was. oh, 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 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 month 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 they, according to journalists away, i tried to contact you. i sent you an email recently, as called about a jose. or even in background, 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? articulate latin to littleton at present vegas, educated up a classroom where you are pub it m a model donna said to by issue and i multicast, immediate entity do that's an elevator sustained the life that, that meant to somebody will stop the level. did of notice until they put in fantasy with a salty samples of us 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 their, their death rate will be higher. that because they are part of course their earning live because they're earning less, there's a, there's a relationship between death rates and income that is actually fairly straight line. so what we've got to do is identify the threats that we have. it's crazy even

foundation, let it be an arms race who is on offense. very dramatic development. only personally and getting to resist. i don't see how that strategy will be successful, very difficult time time to sit down and talk ah, if you had expressing be of non government could be in the image or with a seat. and i'm sorry, this is a wrong expectation be you will have to see that is non, you want me to go on, but they want you to be gooey entities. you got to impose the estin, a democratic system, want both on sunday. and he wore and then went to court order 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 schloss 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 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 is that 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 hm. the pension fund 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, 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 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. ah, in 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 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 pursuing mentions vom lindy's life said to him and saying active, his huddled ferny insurance cast the ale since colon via from life settlement invested soon. and i knew positive indeed, there were often does he seem to hide? dickon availed play the niche milsap's for stanley as he stay southeast v. stick only of anthony finality, your until conan indigenous leave and spot for your he gets to 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 it's e at this portfolio to salmon to bowen, ornish visits in east of spit t fishy cronkite from the small in viet. oh, barrels garnish on this afghan, this new tinkle might have ended to a t and then m. m. dragon's jo. john. i an o. s. hand. now. mid capes. shy june, fear am i'm blind. good old hates costs. little bit silent ads. only bins fells ishall fuck golfed. ear shanella john shipped distal glow sawdust, 4 feet deep and shone scottish tint thus. darcy sneezed so vivid on this invoice. the children had on k, another via the shower near the i'm to london. laden's was,

he should hunks police unarmed vanished. so our interview de la m. laban quality read them, does 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 cat ion stockers such alice give heathen is thus he achish. compatible weight is a bully tick. in vicky sucked. we're cow fund decent light and he had a 40 shootings. police set up dc. i was screened and denise me don't to call her

open for cow from viola or to mason on townsend's guard. kiner property on it 1st or else to my analysis of police, sir? ha, i think it's just a sad state of affairs that, that life sediments are even necessary for people. because it all he needed 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 was yield and zayden z elephant yet as to hi mckenna, i may come to see sign a sight um this k shifts down to this. i placed this via seeing spicing on today. for c chilton i have in d. did, etc, and on to cease to be by yet that on talk soon, did i meet them and them after thrones are telling them by deciding denial. this is

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 it 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 that 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 as just the sheer unfairness of it all. mm. selling their own dest, the highest bidder, is chosen by many elderly americans to paying for their retirements, or without even knowing. we're all feeding this machine ah, ah, ah

ah ah, if you are expecting be of random, it will be in the image of liberty, a seat. and i'm sorry, is it august vacation? be you will have to see if you want me to go on monday or i will be gooey entities. you can pause the democratic system on both on sunday he was and then went to court order. ah

ah ah ah ah, these are the 4 people who pulled the trigger and survive something on survival. when la harness things that i had to face was not having a face at a low expectation or life,

i accepted the accept the fact that i made that work. we had no fears. del change pretty fast for shots. different stories behind the bullets and stories that shake the way here in our tea. a bombshell report ledges to see. i had planned to kidnap or saw snake wiki leaks found the hearing the song. but the agencies puma changed like pompeo at the center of the plot. also, lisa, russia threatened to block you tube, off the video sharing platform, permanently deletes r t german language language channels. pasco believes though that the u. s. company would not have acted without approval from berlin. it was an extraordinary disaster. if we didn't have a president, it was so adult, you all would be fired. i don't think any one control anything this president says

about afghanistan. us lawmakers lambaste president biden, and his top.