tv Documentary RT July 23, 2017 3:29pm-4:01pm EDT
darkseid street at this hour the lehman brothers investment bank of the year is heading toward bankruptcy in two thousand and eight the poorest homeowners unable to meet their mortgage repayments began to massively sell off their properties the real estate market collapsed and along with the banks who become embroiled in these subprime loans. on september fifteenth two thousand and eight the death of lehman brothers the fourth largest u.s. investment bank marked the beginning of a huge financial and economic crisis that would spread worldwide. the likes of it had not been seen since the great depression of the thirty's a wave of corporate bankruptcy is followed with considerable loss of jobs. people blame the bankers like here in iceland where eighty percent of the banking system collapsed and even more so in greece where the state teetered on the brink of bankruptcy. with the crisis of public debt
skyrocketed as did household overindebtedness a veritable scourge that would affect one person in twenty in europe especially in the u.k. . five years the guy me and my husband split up. i actually kicks my husband out and miss out a big impact on my children so i think at the time that i had a lot of making up to do to them and at the time i thought that the way i needed to make up them was financially so i would just try many out them and christmases i would go ridiculous and take this amount of money not thousands of pounds on stuff they didn't need and quickly they probably play with once they go in the water i say i strike i thought i was certain i did it. but then one line was not enough so i had back then i took another loan to pay the loan back. to how to start. and the debt. and it was spiraling out of control.
like many other british people sharon fell into the trap of easy credit with online catalogs where with a simple click one can buy all kinds of products on credit often with annual interest rates of up to thirty percent. it was so we say it was so easy to go online and go yes it's my name my address my details yet thank you very much money's in your account so i made them made it too easy for me to get into debt. as for philip he took out loans to supplement his meager pension but he went under when the government abolished his council tax exoneration for the elderly. whether i did or didn't treat very well because of the worry over the weekend. always actually going to bed or no wouldn't i call because our god got so. to
get a bill to apply more scared me from what. i didn't know what to do. i'd lost complete national company or were. going to have to do work a few hundred looking for money. or down to a phony. one of their clubs without fear from prying that i wouldn't pardon that. you know the bankers were how by the government the banks got into trouble and all the big bankers got big. government by the banks but i didn't think of the ordinary the ordinary men and women that. lost money through the bank. so because the bank to banks have been out of the government. the infrastructure for the proof of the contrary
to all but disappeared you know there were a lot of coach. i'm just trying to make my underway because it's changed yeah i'll go on if it is in front of me all right and thank. you but yes he wants to speak to us that's fine let me let me get everything up here for you sharon regained hope thanks to the advisors at step change the u.k.'s largest debt charity which specializes in debt problems in two thousand and fifteen they advised on average over one thousand five hundred people a day because in the u.k. the price of economic recovery has been very liberal austerity measures the driving down of wages and drastic cuts in social welfare. the definition of problem that is not straightforward our government defines it as anybody who has been at least three months behind their debts in the last six months that's eight point
eight million people in the u.k. bad things can happen you know you become ill you lose your job your relationship breaks down here become a casualty most important in most circumstances is you get help to get back on your feet because the cost to wider society of people being in there are huge over half the people who come to us have had to go and see their doctor about mental health issues just to give you seven general impulse price ok with the inforce city. they do need to meet peaceful entry into the sea because what they'll do them to do is to control. so i know you know that it. takes to keep the door shut tight in fact again and so. at the time i felt like it was just may and i would else was financially following and it was only me. that was suffering. sorry
. and i was the only one. that was actually have to do with living like this and living with the fear of losing my head a milesian opposition being homeless with my children have my children taken away from aches i couldn't look after them properly. by way of a strange paradox people who are deeply in debt feel terribly alone and yet they are increasingly numerous. in france over one person in ten minutes suffering from financial difficulties like dominic who was made redundant three years ago in strasburg. he has resolved to go and see the creases association whose initials ironic a stand for. regional chamber for social overindebted this has become a mainstay of social assistance for those who find themselves in
a financial dead end twenty five associations in france six hundred voluntary staff who would like step change still engage in face to face interviews really. if you want to. let go thank you all they don't want for you to feel that. they want on that of the. innocence or when it's most true it was a joke. no. less interest your loyalty that exists inside looking out for the. most very. resourceful the thirty. second. critical so much from so from. zero it's.
and. the voluntary advisors are often former bankers who now retired have decided to change sides as it were their kind of repentance here the volunteers share their past expertise like the chairman of cases. a former lawyer a voluntary advisor for ten years and a tireless militant in the fight against overindebtedness. lost. the don't worry i started to. kick. the muscle.
say. but. the unique mob accepted that this is the sick of any dish if you. look at all in. the city police on point three zero zero cost. us a new. model is small but i feel quite hot. he says he can see. you in. the pub was a few contin filmy buddies you would expect get up a good necessary. call segues a cigar of made all that. widely it. was all said you've got to go to name that. place about it that we want
it up simply me. so we could if i didn't. gives up it's a crowd. of sixty if i want you to prefer to. chimp and use the settlement of turning the final. credits in to liberty so that you could look at the hurtling. pool fratto not lovin to go on. through here or place anything. you can. see here. in iceland where the two thousand and eight crisis really hit hard fanny whose
house was repossessed is now desperately looking for a new home. her debts had reached such a level that the government measures to reduce household indebtedness were insufficient to help her she's been taken in by her sister. with an old maid just manufacture consent to step into public wealth. when the ruling classes to protect themselves. in the final merry go round if certainly the one percent. we can all middle of the room six. million really knew this. would. be
the national weather service in mount holly new jersey has issued a special memory warning for delaware be until five fifteen pm three forty three pm strong thunderstorms were located along a line extending from six not ago miles east of turkey point nine not a goal miles west of woodland beach to near bowers beach moving east at ten knots hazard thirty four knots or greater source radar indicated impact small craft could be damaged in briefly higher winds and higher waves locations and pack that include for test beach sea breeze patch fourteen foot bank light east point bowers beach woodland beach stony point ship joins you like my mom like crossed
legs light and really point move to safe harbor immediately as gusty winds and high waves are expected frequent lightning is occurring with these storms if caught on the open water stay below deck if possible keep away from an grounded metal objects . in the millions to. me. to also has been a police escort. off the queue. at the bar. and with the millionaires do you. think. you come off to millionaires but
the old. testament come in your midst. acted like. nothing. after. ever after several million if. you include. as long as a person can pay off their loans they were given the red carpet treatment everywhere but once that person can no longer meet their repayments things get more complicated today most consumer credit companies have been acquired by major banks . and financed by credit. whose debt collection agency very eager to stay in touch with their clients. get is trying to. get them in this unit one percent if you don't mean that you should find. something.
that will save you. well but. i think you have a certain point you. don't want the action against people. before. this one didn't. get deals. if it. fails he is so funny. do you david this yule was that it is all full of little that that animal to seeking well walking dogs all . the usual. daily fern and keep this one date the kids it was it made them an all star nominee member we me it was it i was ina do the damage they did was they make of what was invert they'll see whatever use as well as cooper will like let me spend them said only not really to trust one critter. want to tell us more not
a lot of prattle to papar and we aren't there to hear. from general type of police who are critical of things from isreal sure want also. to know i. do trust. clearly through syria. don't concern me or didn't hear or knew was. involved some day filmed. david was a big civil something they need to. keep if you nine hundred delegates she to see to it she too to know the strain create the suppressor and once you want it. in the autumn of two thousand and eleven americans took to the streets on mass to protest against the greed and cynicism of their banks huge profits selling toxic subprime loans to probably knew that if they
got into trouble the state would step in to eventually bail them out because given their financial clout the whole system would collapse if they were to go under there were simply too big to fail. one of the leading figures in the occupy wall street movement is the american anthropologist david graber a specialist in the history of debt and one of the inventors of the slogan we are the ninety nine percent those who own less than the richest one percent there was a period of three or four months after two thousand and eight where people. you know what is what is money why do we have the systems why is so important is this even capitalism. all open questions seem to be open because everything
turned out to be wrong. the following is a flash flood watch announcement from the national weather service flash flood watch in effect from six pm this evening through late tonight the national weather service in mount holly has issued a flash flood watch for the pennsylvania counties of carbon munroe northampton. chester montgomery bucks delaware and philadelphia for the new jersey counties of sussex warren morris hundred somerset middlesex mercer monmouth county ten camden gloucester and salem for new castle county in delaware and for cecil county in
maryland from six pm this evening through late tonight showers and thunderstorms with heavy rain will move through eastern pennsylvania northeastern maryland delaware and new jersey during the balance of today and into tonight rainfall amounts up to two to four inches are possible heavy rain will fall in a short amount of time and it may result in flash flooding heavy rain falling in a short period of time will result in rapidly rising water levels along streams and creeks and in areas aboard rain age significant roadway flooding. flash flood watch means that flash flooding is possible flash flooding is very dangerous for the following areas chesapeake bay north of boules island maryland at three forty eight pm a strong thunderstorm was located over having delaware grace moving southeast at ten knots hazard wind gusts thirty four knots or greater and small hail source radar indicated impact boaters and small craft could be thrown overboard by suddenly
higher winds and waves capsizing their vessel locations impacted include north east river turkey point. and aberdeen proving ground move to safe harbor until hazardous weather passes the following is a flash flood watch a mountain from the national weather service. flash flood watch in effect from six pm this evening through late tonight the national weather service in mount holly has issued a flash flood watch for the pennsylvania counties of carbon munroe northampton lehigh chester montgomery delaware and philadelphia for the new jersey counties of sussex one hundred and somerset. monmouth burlington camden gloucester and salem for newcastle county in delaware and for cecil county in maryland from sixty evening through shouts and bottoms with heavy rain will move through eastern pennsylvania. ninth two thousand and fifteen it was unanimously ratified by the catalan powers. just barely is established
silo so you're not overly the law if a. situation is particularly worrying in the northern european countries in sweden norway finland and especially here in denmark where the rate of household debt is currently the highest in europe three hundred percent of disposable income double that of the u.k. triple that of france or germany over the past twenty years the danes have gotten massively indebted encouraged by governments made access to credit very easy. to imagine. a six thirty five if you have a career and
a career involves using your i phone in your computer things like that in an office and perhaps you sort of getting xenix circular to have to stop doing all this in this kind of a little minutes before the my world became smaller and smaller and smaller until i ended up running it in a box. or at a very strong magnetic field on my head in my head think of it like a real hard pressure my skin burned and that wireless access point out there just continues on today with our students in the schools. we are just continually bathing our citizens in this microwave radiation it is certainly electro small and it's getting worse. about your sudden passing i phone li just learned you worry yourself and take. when
your last wrong turn. you're out caught up to us we all knew it would i tell you i'm sorry finally i could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feelings started to change you talked about war like it was again still some are fond of you those that didn't like to question our ark and i secretly promised to never again like it said one does not leave a funeral the same as one enters the mind it's consumed with death this one quite different i speak to you now because there are no other takers. to the claim that mainstream media has met its maker. you can revolted against the dictator but what about the day after i think we as libyan
people did not give much thought about that and so they waged all the old fashioned off the resolution does not build nations and and certainly does not build the states. for very rough furthur a new sort of try to move. you have to fight for survival for them if. it was a gunshot on top of them and still very fresh they would have been damn near a million of them and you come up. with a telling will back up korea you know i don't want to see there but a border in the children is needed to produce red in the world is. to me a good wouldn't. you don't think about these movies so good or not you got through
to blow career and the other than. other patients. among the stories that shapes the week of tea spoke exclusively to the russian lawyer at the center of a media scandal over her meeting with donald trump jr last year. violent clashes between israeli police and muslim worshipers rocked jerusalem after the israeli government rolls out extra security at the revered al aqsa mosque. a journalist is caught up in a gun battle in the iraqi city of mosul despite the fact the city was declared free of islamic state earlier this week.