Economic Update: As The Empire Crumbles
Вставка
- Опубліковано 21 січ 2024
- ******************************************************************************
[EU S14 E03] As The Empire Crumbles
******************************************************************************
In this week's episode of EU, Prof.Wolff delivers updates on the mass closing of Greyhound bus stations around the U.S., the escalating strengths of Russian obstacles in Ukraine, the choice the UK faces between paying for the bombing of Yemen or funding their National Health Service, how Boeing's safety debacle propelled China into the lead of global automotive exports and how Israel has also been aversely affected by the shifts and changes of the world economy caused by the decline of U.S. dominance.
If you haven't already, please subscribe to our channel, follow us on social media and of course be sure to sign up on our website:
www.democracyatwork.info
And as always, we thank for your attention, support and solidarity.
The d@w Team
Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community:
/ democracyatwork
Or you can go to our website:
www.democracyatwork.info/donate
Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else.
We want to thank our devoted community of supporters who help make this show and others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our UA-cam channel and website: www.democracyatwork.info
We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
I'd never have thought of the disappearance of bus stations as a cause of suffering of the poorer Americans and an indication of the decline of American power. Thank you for openning my mind.
The USSR also had large bus networks and regional aviation. Transporting people between remote settlements. Now bus stations remain in large cities. At best, a small building; at worst, a stationary bus stop where people simply load. Small aviation was completely destroyed.
Incredibly expensive and unprofitable to maintain, as is unfortunately. much of public transportation!
In addition, removing mobility options for working class Americans makes it harder for them to come together and organize. Keeping most of the population isolated and at each other's throats is part of the design. The corporate sector, the group least loyal to the country, have the biggest hands in policy decision-making, and we can see the results of this in real time.
@@marcob.7801 Incredibly expensive and unprofitable to maintain... in the US. Our road networks and highways were built with personal and private vehicles in mind. In contrast, other wealthy countries have no problem sustaining reliable public transportation because they've accommodated their roads for such.
They were built with trucks in mind as well and buses for that matter. I don't know where you are getting your info.@@Ahng_Noying9574
Took a bus recently with a stopover in NYC. No longer do they stop at the Port Authority terminal, instead they dumped us at Madison Square Garden. So everyone went into Penn Station to wait. And wouldn't you know it, thanks to Mayor Adams there's no public seating at all in all of Penn Station - the busiest station in the western hemisphere. All over people were sitting on the floor. Wild!
Welcome to the USA.
we have had 60 years of destroying the public commons here in America, reducing funding and oversight of THE PUBLIC'S EVERYTHING
The removed the seating because the liberals allowed people to sleep on the seats. Get rid of seat and no more sleeping homeless.
☹️
@@SLHJR0390 If you ain't a corporate executive, you don't matter in America.
As a dual U.K./U.S. citizen who upon first coming to the U.S. 7 years ago, made extensive use of the Grey Hound bus service in order to visit 13 cities on my way to Austin pursue music. I am deeply saddened to hear of the closure of these stations. Richard pointing to how these places will now no longer provide really basic things, vending and shelter for those who really need it, speak to his humanity.
I'm also utterly ashamed of the role my countrie(s) are playing in the middle east right now, as ever. Bombing little old Yemen, enabling a genocide in Gaza, my grandad fought in WW2 to defeat fascism and now we are on the side of mass murder.
Richard is clearly a man of upstanding integrity with a clear and inspiring message, and it's in these changing and troubled times that minds and ears are more focused so i hope many more will hear what he has said and will say, for years to come.
We only got a couple years left.
Greyhound shut down bus service across Canada COMPLETEY. We are the US's biggest puppet.
You found Rodney King inspiring?
"The leopard cannot change it's spots" Nelson Mandela
You cannot expect more from a people (The Western Europeans) who have a history of Colonialism, barbarism, savagery, theft, genocide, death, hell and destruction on this planet.
Me too, Sean. My English grandpa died of lung disease because he'd been gassed in the trenches. Nobody cares about him but me, who remembers him.
One underappreciated thing I love about Richard Wolff is how clear a speaker he is. I am able to increase the speed of the youtube videos to 1.5 and clearly understand everything. A valuable quality in an age with so much information to sort through, with so little time.
with subs and a chrome extension you can reach 3.5x speed. Also I'm using an extension to read the subs in Chinese so I can get Chinese listening experience.
He is a teacher. A professor
I had to speed this guy up to 2x... eventually I gave up listening to him because his content was so devoid of substance. I can get far more from Reddit and actually reading.
@@barrykesterObviously you are way up there and we are way down here, don’t waste your precious time!
Reminds me of the movie Titanic: the ship was sinking and the band was still playing. America: The Farewell Tour--Chris Hedges. Once again, outstanding--yet very sobering--analysis, Mr. Wolff.
There is a video of Jewish Israelis on UA-cam talking about Israel's future also using the Titanic analogy. Surprisingly, it is from 2008 and the Jews in the video are brown who see their future with Arabs/Muslims with whom they have lived with a long time. They want the Jews who hold the power in Israel, the white Ashkenazi, to leave and go back where they came from, kind of like what Helen Thomas said more than a decade ago and was promptly fired from her WH correspondence job.
I've never known the US to just fold up and die
@@elizabethmurray5718 You can only die once.
Why speak of dying? Why not just stop trying to mess up other people's homes and instead focus on putting your own house in order? That way the boat should right itself in no time.
Americans will be proudly proclaiming their powerful greatness to the very end. I guess hopium keeps everyone in their warm, happy place.
Richard D. Wolff, your work is way underrated. You have the facts right and a clear understanding of the true reality of the situation regarding what is happening in the United States.
Continue to wake us up to these truths. Thank you
Underrated? By whom? That is not what underrated means.
@@cwtrain by the mainstream duh. They ignore him and act like he doesnt exist because he speaks the truth
@@DharmaMirror That "truth" is all over alt media and he is not even comparable
or on time. He's always way late and many dollars short, fake dollars at that.
@@jgalt308 Of course anyone that uses a name that references John Galt/Ayn Rand would say that, but then her ideology is something even she didn't live by an is causing the downward spiral of Western 'civilization'. Atlas Shrugged is a fiction, as are Ayn Rand's suggestions of how the world should work.
As a former greyhound bus driver in canada its great youre shining a light on all this
The real Wolff of the market!
The sad thing is that as a graduate student I am literally starting to wonder if I got the better life after graduating. It’s depressing honestly..! By the time I graduate I be in debt with student loans and be struggling for years to pay the student loan. Not to mention that I need to have done residency or trainee work to become licensed and by the time I get that done my student loan will be increased by at least 7.5% for each year during and after graduation till I pay it. Ooh imagine that ..! Ooh and by the way my university requires that we have full coverage of health insurance..! Of course I don’t have it, so they add additional 5 thousand dollars automatically for health insurance through the university and they don’t care if I hardly go to the doctor because I am healthy , they don’t care if I want it or not , we are forced to have it.
The tragedy of the two presidential candidates is that none of them are equipped to run a country, and we will be suffering. , because unless this entire system is broken down and socialism established we be in the same position same old predictable results, different president, same outcome. And I don’t see anything changing unless workers organize and get out on the streets and begin a revolution..! Otherwise we be in the same predicament 10,20 years from now.
The tragedy is you believe that a central government is competent and should be running the country.
The exact opposite of the point of the rebellion, and what the Constitution was written to prevent.
Did they skip that part during all that schooling?
They don't exist to run a country. They exist to serve the rich.
@@jgalt308 "The tragedy is you believe that a central government is competent and should be running the country.
The exact opposite of the point of the rebellion, and what the Constitution was written to prevent." If we hadn't let it get taken over by big $$$ (with lots of help from the GOP), our central government would be doing much better. Uhhh, our founders created this form of government to protect our rights and freedoms--only good government has the power to do so, so if we don't like how government is working, we'd better improve it or we're toast.
Hint: The founders almost immediately had to make the central government more powerful because it wasn't up to the task given their original plans.
@@karlwheatley1244 The first attempt required unanimous consent.
And the Bill of Rights was NOT part of the second attempt...
So what were those supposed "original" plans?
The next presidential election comes down to a choice between two candidates, Ash and Dust. Take your pick.
The most obvious sign of decline to me is the disconnect between their descriptions of the "economy's health" and the reality of the average person's health (mental, financial, physical). The two have nothing to do with each other because it's not a country for the masses, which feels closer to any oligarchy.
On the spot professor. They closed the downtown Houston Greyhound station. It was a main station
Thank you 🌎 ✊️ 🗽 🌹
The hardest thing to hear is the truth for my fellow Americans, "We are in decline."
We will stay number one or, well you know.
That started in 1950.
the US has been in decline since 1980 with a marked acceleration after 2000. the empire collapsed in 2008. it's on life support now supported solely by money printing. the final nail in the coffin will come around 2025. bye bye and good riddance.
Decline?...Free fall to the painful crash.
@@TacticalMayo ... Or what ? ... Don't be coy ! ...
The corporations' greed and the people's apathy and lowdown politicians are why we find ourselves in this mess. The question is did we learn and rebuild?
Humanity are not humane
I don't think people would have been apathetic, if they weren't being spoonfed lies. The mainstream media fog of war hid almost everything.
Probably not !
It will spiral until it’s “their people, their blood, their lands”.
Were the products. Some of us have gotten the right programming, some have become frozen. It’s up to us to do something, and do something sooner rather than later.
Please continue to bring the details of our decline to us. It's both frightening and, in an odd way, reassuring. It's not just happening in my community... and to me and my friends.
may the future be a socialist union with respect returned to the masses of the americas, from a global south perspective we know the american public has potential to change for the better.
The only problem is that the Chinese economy is in recession.
Wonderful wonder Prof. Wolf! We are grateful that you exist!
Well written🙏
You keep getting better with age, professor. Love your joint interviews with Michael Hudson.
But you weren't paying attention and neither was Wolff.
He's 81 years old. There's another prominent 81 year old that is not so sharp anymore. Dr. Wolff is the reason I refuse an age cap for president.
@@limitisillusion7 So maybe he'll get the author of 1984 right the next time?
@@jgalt308 Ayn Rand was a fraud and her fanboys are morons.
@@jgalt308and yet, you knew what he meant
Thank you Richard for your continued illumination of the world economy. You always speak in a clear concise way and are easy to understand
In Canada, they shut down Grayhound lines. Smaller centers have no trains, no airplanes, now no bus. Now we need cars, and some peoples cars may not be safe for long distance travel. You need a tow truck, $400 across town. It is crazy.
I stopped watching this channel for a while. Just kinda lost interest i guess. But now I'm watching again. And i appreciate every second Professor Wolff dedicates to teaching on these matters. Thank you!!!
The world needs ppl like you to wake up, especially the Americans. Great job Prof 👍
But he's a communist, he's evil.
Agree 💯...
No, the world does not need more stupid people.
I stopped drinking the Dem koolaid after Obama!!! I go by facts and truth. Before you jump on the Trumper card, sorry, I'm not one. Really don't and never liked him. Unfortunately, looking at a review, he had many accomplishments as hard as it is to admit.
Biden's average approval rating sits at 38% as of Saturday, according to MSNBC & ABC polls. The new NBC poll shows Trump beating Biden by five points, 47% to 42%, among registered voters in a head-to-head 2024 general election race.
1. Immigration Chaos
2. Ballooning Debt 34T Fed Debt. 46T National Debt. Massive State, City, & Local Debt. Consumers Debt back to a all time high. Projected Fed Debt in 30 years 150T. Absolutely Unstainable, my friend
3. Inflation (Refer to number 2.) He is another puppet.
4. Interest Rates and unaffordable home prices.
5. To much War. We have no monies to give away as we financially broke as a nation!
5. Woke Administrative State. Out of hand now.
6. Specter of Scandal Its closing in don't kid yourself.
7. No Return to Normalcy as promised as all I see is disfunction and chaos. No grwn upsnin the room!
8. His mental condition have faded dramatically in the past 3 years. Both sides of the news media is raising concern. When Van Jones brings it up and says on CNN that Joe needs to stay home for his campaign as his is so weak. Not my words.
Eight is enough!
I have been around now for several decades, and my assessment is simple.
So who's to blame its clear as day. Both parties for the past 60 years. They have been negligent parties...equally. Historical facts are in and undeniable!
Unfortunately, the damage is done. We are at the threshold of being another fallen empire. Do some history research as I did as to why each of the previous Empires have fallen. One glue, I listed them all above!
The US is now subjected to Blackrock worth 8.7T, Vanguard worth 8.1T, and the WEF. These three are the most powerful Elitists corporations/ groups in the world. Their long term plan has been in the works. For decades and unfortunately will suceed! No conspiracy all factually real. Sorry!
I earnestly wish this was not so, as I have a beautiful wife of 40 years, our 7 grown children, and 5 grandchildren.
I still own a very successful private NY base business since 1980.
I own several utility patents, which two I have licensing agreements.
As long as America can sustain my wife & I, my children and grandchildren are set for life.
Sorry to be the bearer of this information, but it's a truth to come!
The rich will just invest in other countries or move to another country and drop America like a hot potato. The rest of us will be trying to survive with the aftermath.
Best informative show! Love your show,Professor. Please keep us updated of the TRUTH!
You have to come to terms with the fact we will not accept number two and we will not coexist as number two. That's a reality, that's something you have to accept.
@@TacticalMayo
You can be number one in your own world. Like Trump, it's better to start building walls all around namerica. The world majority wouldn't want to play with a sore loser.
Excellent summation of where we are in the fall of an empire!
The ability to deliver a clear message to vast audience is appreciated. The main point is well taken.
He's preaching to the choir.
And that clear message is?
@@TacticalMayoI THINK HE IS REACHING BEYOND THE CHOIR,n THE PROVE ITS RIGHT HERE 🙏🇨🇦.
@@moemimouni679 no he isn't do you have any idea how the despised this ideology is in the US. Come find out if you don't believe me.
Your take on BRICS and their recent expansion is one that I certainly agree with. But not limited to just that the BRI seems to be a progressive initiative that gets less attention. While one of only two neighbors that border our country, that being Mexico we wish to secure that border, China on the other hand is extending an Olive Branch all the way to Africa showing real interest to that part of the world. But what astounds me the most is how many people just downplay the BRICS expansion as if it is nothing. Not just average people but prominent people that just seem to be still living off fumes of a nation that was riding high after WW2 but that was a long time ago.
Excellent presentation and program 👏
So you have been asleep on Ukraine for eight years and since 1948 on Israel?
Had some good times on those buses back in the 70’s… sad to see another iconic American transport system disappearing.
Ya, i was upset with the horse and buggy was phased out.
Awesome update, please keep it up. The truth hurts but it will set you free. Thank you and bless all the people who are caught in the middle of this madness.
Looooove when americans are honest about the nature of their brutal globe-dominating empire
The empire is no longer strong at home!!
I have great affection, respect, and admiration for the courage of M. Wolff, who never ceased his fight for the people against the injustice of the "elites." Thank you, Professor.
I just cannot stop listening to you in all your videos, so explanatory and realistic to day
Thank you, Richard.
The Chinese make the biggest ships that are the most economic for when Suez is unavailable. Chinese infrastructure internationally, makes the US look like a rusting 1930s theme park.
Consistently providing insightful and informative analyses on the ongoing developments.
Prof Wolff's analysis fly's in the face of Peter Zeihan's geopolitics. Although there is validity in Zeihan's work, I tend to lean more toward Wolff. The Greyhound Bus example hits home.
Zeihan analysis on the future of geopolitics is simply his wishes.
zeihan is a clown
@@olivierlemire-osborne1110 And those of his audience. Constantly proven wrong, people listen because they want to hear it.
Peter Zeihan is right on par with Joe Bloggs on economics, I haven't seen them be right on anything so far. Is it possible they are really brothers?
I stopped listening to Zeihan when I heard him confidently lie about easily google-able geographical locations of India, China and resulting expected military interventions. He consistently lies while not once have I seen him admit that he might be wrong. It is dangerous to listen to a single word out of his mouth
Illuminating and thought provoking as always. Thank you
I work with an estate based department of Transport here in Australia, and one of the major concerns of the supply chain industry, which I am a part of is how local jurisdictions and governments have no concept of preserving any kind of land or corridors for use other than building more shit, overpriced houses and apartments or shopping centres. That’s where the most money is to be made, therefore, infrastructure, logistics, all the things people apparently want ends up having no space to be built, and in five or 10 years time, somebody will have to buy all this developed land back for 10 times the price, especially when they see the government wallet coming when it could have just been preserved when it was and used saving the taxpayer shitloads. it’s just insanity
I'd second what you wrote, being an Aussie myself and have witnessed the absolute shambles in the government (both parties across the aisle) housing policies. It is as though they have never tried their hands at playing "Civilization" or Sim City - to realize that it takes a COMPLETE holistic plan to build a village, a town and a city with space, infrastructure, schools, hospitals, fire departments, police stations, roads in and out, parking, shops, public transportation, and so forth to cater for population and job growth - and not simply higgle-dee-piggle-dee plonk suburbs, air ports, hospitals, schools, train stations, access roads, etc any which way they see a tiny space or to take over productive farm lands. It's virtually a mad-cap show currently at play and one wonders just what of intellectual capacity we actually have in Canberra these days. In my suburban area, there are so many different private schools set up by religious orders and what-not that every day, it is a nightmare to even exit and enter your own house due to the crazy congestion of cars and mini buses dropping off and picking up students. How do councils even permit schools to be built in inner suburbs without adequate traffic and parking spaces is beyond any logical understanding.
Thank you Prof. Wolff. This is what I wished I heard on the 'News'. Most enlightening talk! I can't thank you enough. This is what I have been looking for.. the Real Truth.
Thank you so much, Democracy at Work and Professor Wolff ✊❤️
As someone who studies public education, I've been asking myself what education should look like in a declining empire
first and foremost is to refocus on ethics and value of effort! then, the basic science and engineering!
"As someone who studies public education, I've been asking myself what education should look like in a declining empire" As a long-time teacher educator, I vote for teaching why ecosystems and societies are unraveling--and how to save them. It's not just America that is in decline, the whole of modern industrialized civilization is heading towards breakdown, in large part because it is destroying the ecosystems and natural resources that support it.
Make work pay at least a living wage and end the money lobby. Be worthy of imitation [ Iran and Vietnam et alii want democracy lĺike they think we have ]
Thank you Professor Wolff and staff! I hope we can find a way to move forward and focus on our own communities instead of arming the world.
conservatism?bad idea
Yup! Don't bleed dry your country state funds on others , let them settle their problems. Let your country slogan be Americans First.
very illuminating and simple for all to understand. Thank you Prof Wolff.
Speaking the truth to power, not many can boast that. I salute and support you professor.
Wonderful wonderful Prof. Wolff! We are grateful that you exist!
I think Saudi Arabia hasn't accepted the Invitation to join BRICS yet. I would imagine the US threatened them.
They’re dangling it in front of US. Kind of like a wife dangling her boyfriend’s thing in front of her husband- c*cking US into oblivion.
Yes, they have their ways and means. Those governments that don't toe the line end up being "regime changed". Ask the hugely popular Pakistani politician Imran Khan. He didn't join in with US condemnation of Russia and the sanctions, and was out within weeks.
saudi officially joined a couple weeks ago.
Nope not yet they are still in the process of assessing membership according to Reuters. @@blackberrythorns
@@margaretcaine4219coz usa has a military in saudi supporting the saudi empire against other wolfs in middle east.. iran wants to get nuclear that will threaten saudi existence against which even saudi will go nuclear by demanding pakistanis the nuke they made by saudis money
I'm not much of an expert on anything, but I have seen this coming for a long time and in my mind, it is inevitable and always was given the system, so to be a student of history seems to be all that is necessary. However it is always welcome to have you explain it in the moment. Thank you Prof.
Tom your wiser than most!
I stopped drinking the Dem koolaid after Obama!!! I go by facts and truth. Before you jump on the Trumper card, sorry, I'm not one. Really don't and never liked him. Unfortunately, looking at a review, he had many accomplishments as hard as it is to admit.
Biden's average approval rating sits at 38% as of Saturday, according to MSNBC & ABC polls. The new NBC poll shows Trump beating Biden by five points, 47% to 42%, among registered voters in a head-to-head 2024 general election race.
1. Immigration Chaos
2. Ballooning Debt 34T Fed Debt. 46T National Debt. Massive State, City, & Local Debt. Consumers Debt back to a all time high. Projected Fed Debt in 30 years 150T. Absolutely Unstainable, my friend
3. Inflation (Refer to number 2.) He is another puppet.
4. Interest Rates and unaffordable home prices.
5. To much War. We have no monies to give away as we financially broke as a nation!
5. Woke Administrative State. Out of hand now.
6. Specter of Scandal Its closing in don't kid yourself.
7. No Return to Normalcy as promised as all I see is disfunction and chaos. No grwn upsnin the room!
8. His mental condition have faded dramatically in the past 3 years. Both sides of the news media is raising concern. When Van Jones brings it up and says on CNN that Joe needs to stay home for his campaign as his is so weak. Not my words.
Eight is enough!
I have been around now for several decades, and my assessment is simple.
So who's to blame its clear as day. Both parties for the past 60 years. They have been negligent parties...equally. Historical facts are in and undeniable!
Unfortunately, the damage is done. We are at the threshold of being another fallen empire. Do some history research as I did as to why each of the previous Empires have fallen. One glue, I listed them all above!
The US is now subjected to Blackrock worth 8.7T, Vanguard worth 8.1T, and the WEF. These three are the most powerful Elitists corporations/ groups in the world. Their long term plan has been in the works. For decades and unfortunately will suceed! No conspiracy all factually real. Sorry!
I earnestly wish this was not so, as I have a beautiful wife of 40 years, our 7 grown children, and 5 grandchildren.
I still own a very successful private NY base business since 1980.
I own several utility patents, which two I have licensing agreements.
As long as America can sustain my wife & I, my children and grandchildren are set for life.
Sorry to be the bearer of this information, but it's a truth to come!
Phenomenal presentation. Thankyou Dr. Wolff.
Crystal clear presentation. Thank you, Professor Wolff
They used to say for every one autoworker job, 7 other jobs were created to support that auto worker job. Now? I can't see it being even half of 7. The only industry left is the MIC.
The MIC is for the investor class. 160 million American workers, only 1 million directly employed by the arms industry. Its a cruel joke that the MIC is a major American employer.
ua-cam.com/users/shortseG2jMpAs9qo
My mother rest her soul said during the early 70's and my brothers and I were around nine years old. America will consist of two tiers/classes of people. The ultra-rich and the very poor. And mother you are so very right. Thank you for your program Mr. Wolf.
Nothing fundamental has ever changed in the history of mankind except the leading actors.
THE Warning the world needs to hear.
Trust me the world will not be dancing in the streets if we 🇺🇲 become number two ☢️@@robyenney951
I stopped drinking the Dem koolaid after Obama!!! I go by facts and truth. Before you jump on the Trumper card, sorry, I'm not one. Really don't and never liked him. Unfortunately, looking at a review, he had many accomplishments as hard as it is to admit.
Biden's average approval rating sits at 38% as of Saturday, according to MSNBC & ABC polls. The new NBC poll shows Trump beating Biden by five points, 47% to 42%, among registered voters in a head-to-head 2024 general election race.
1. Immigration Chaos
2. Ballooning Debt 34T Fed Debt. 46T National Debt. Massive State, City, & Local Debt. Consumers Debt back to a all time high. Projected Fed Debt in 30 years 150T. Absolutely Unstainable, my friend
3. Inflation (Refer to number 2.) He is another puppet.
4. Interest Rates and unaffordable home prices.
5. To much War. We have no monies to give away as we financially broke as a nation!
5. Woke Administrative State. Out of hand now.
6. Specter of Scandal Its closing in don't kid yourself.
7. No Return to Normalcy as promised as all I see is disfunction and chaos. No grwn upsnin the room!
8. His mental condition have faded dramatically in the past 3 years. Both sides of the news media is raising concern. When Van Jones brings it up and says on CNN that Joe needs to stay home for his campaign as his is so weak. Not my words.
Eight is enough!
I have been around now for several decades, and my assessment is simple.
So who's to blame its clear as day. Both parties for the past 60 years. They have been negligent parties...equally. Historical facts are in and undeniable!
Unfortunately, the damage is done. We are at the threshold of being another fallen empire. Do some history research as I did as to why each of the previous Empires have fallen. One glue, I listed them all above!
The US is now subjected to Blackrock worth 8.7T, Vanguard worth 8.1T, and the WEF. These three are the most powerful Elitists corporations/ groups in the world. Their long term plan has been in the works. For decades and unfortunately will suceed! No conspiracy all factually real. Sorry!
I earnestly wish this was not so, as I have a beautiful wife of 40 years, our 7 grown children, and 5 grandchildren.
I still own a very successful private NY base business since 1980.
I own several utility patents, which two I have licensing agreements.
As long as America can sustain my wife & I, my children and grandchildren are set for life.
Sorry to be the bearer of this information, but it's a truth to come!
As the British empire began it's decline we had ww1 & ww2, as the US empire begins it's end what have we got heading towards us further down the road.
Ww3. Nato (headed by USA of course) will be preparing Ww3 with 90k soldiers for a few months.
I have maintained for years that any ally to the US would would decline and crumble to a third world country status
Thank you Professor Richard Wolff , sad but a true situation a declining empire .
Our time had reached its zenith, and it is now over. Everything not just Banks, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologise if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
Could you kindly elaborate on the advisor's background and qualifications?
This is helpful, thanks ....gotta message him right away.
This isn't the first time I've seen his name on social platform. I think his good reputation speaks for him, thank you for the recommendation I just contacted him
He appears to be well-educated and well-read. I ran a Google search on his name and came across his website;
thank you for sharing.
They said the ruble would be "rubble." No, it's the Pound that's getting pounded.
True enlightment
Thank proff Wolf !!
This is the most IMPORTANT VIDEO of modern times,thank god for you professor...I reiterate..thank you god for this great man.
5 ways to become a billionaire:
1) Exploit a monopoly.
2) Get insider information unavailable to other investors.
3) Buy off politicians.
4) Extort your big investors.
5) Get money from rich parents or relatives.
There is a well-known book called The Best Way to Rob Bank is to Own One. (!!)
Bingo! You understand!
I stopped drinking the Dem koolaid after Obama!!! I go by facts and truth. Before you jump on the Trumper card, sorry, I'm not one. Really don't and never liked him. Unfortunately, looking at a review, he had many accomplishments as hard as it is to admit.
Biden's average approval rating sits at 38% as of Saturday, according to MSNBC & ABC polls. The new NBC poll shows Trump beating Biden by five points, 47% to 42%, among registered voters in a head-to-head 2024 general election race.
1. Immigration Chaos
2. Ballooning Debt 34T Fed Debt. 46T National Debt. Massive State, City, & Local Debt. Consumers Debt back to a all time high. Projected Fed Debt in 30 years 150T. Absolutely Unstainable, my friend
3. Inflation (Refer to number 2.) He is another puppet.
4. Interest Rates and unaffordable home prices.
5. To much War. We have no monies to give away as we financially broke as a nation!
5. Woke Administrative State. Out of hand now.
6. Specter of Scandal Its closing in don't kid yourself.
7. No Return to Normalcy as promised as all I see is disfunction and chaos. No grwn upsnin the room!
8. His mental condition have faded dramatically in the past 3 years. Both sides of the news media is raising concern. When Van Jones brings it up and says on CNN that Joe needs to stay home for his campaign as his is so weak. Not my words.
Eight is enough!
I have been around now for several decades, and my assessment is simple.
So who's to blame its clear as day. Both parties for the past 60 years. They have been negligent parties...equally. Historical facts are in and undeniable!
Unfortunately, the damage is done. We are at the threshold of being another fallen empire. Do some history research as I did as to why each of the previous Empires have fallen. One glue, I listed them all above!
The US is now subjected to Blackrock worth 8.7T, Vanguard worth 8.1T, and the WEF. These three are the most powerful Elitists corporations/ groups in the world. Their long term plan has been in the works. For decades and unfortunately will suceed! No conspiracy all factually real. Sorry!
I earnestly wish this was not so, as I have a beautiful wife of 40 years, our 7 grown children, and 5 grandchildren.
I still own a very successful private NY base business since 1980.
I own several utility patents, which two I have licensing agreements.
As long as America can sustain my wife & I, my children and grandchildren are set for life.
Sorry to be the bearer of this information, but it's a truth to come!
I rode a greyhound bus to visit my fiancé, hundreds of miles, back and forth, when I was 18 years old. My last trip, I ended up staying and getting married! We've been married now for 41 years! I have fond memories of my greyhound bus trips! Sad to hear they might be ending service to so many people.
Thank you professor as always
Very well structured and narrated: thanks Prof. Wolff!
Brilliant analysis as usual prof Wolff 👍, thank you🙏
Great reporting 🫡
I love this guy,man,hes one of the smartest,honest,caring individuals ive ever seen,hes worth listening to believe me...I dont hsnd out compliments easily my friends,and brlieve me,life has shown me im an excellent judge of character.
Thanks Prof!💅👍
Prof. Wolff: the best of the best.
Cristal clear analysis of the situation. Wonderful Richard Wolff, thank you so much!
Appreciate your words Mr. Wolff, stay safe.
When Prof Wolf speaks, all you students should listen and listen good
This was amazing!
The problem with Boing were inflicted by the change to the "professional managerial class". It is a problem that has plagued many large companies. Generally they eventually get out of the technology and manufacturing side of things and just out source it to other countries. Ultimately it is a sociological problem.
Professor Wolff, thank you! We love you! ❤️
Once again, thank you for the sanity check!
You helped me re-orient after decades out of activism. Got beat up a bit in the fake identity left, learned, still in! Thank you.
Best form of activism right now is stocking up on extra food, water and supplies.
Thank you Dr. Wolff for your teaching. So eye opening. Thank you.
Prof Wolff sounds like he has reached the very end of his tether. Like he's weary to the bone of all the stupid machinations. And yet, he makes us aware. Thank you so much, Prof.
Thoughts on the Greyhound segment: the buses still run but they pick up/drop off outside of city limits. Already, it's the poorest travelers who ride these buses. Now they'll have to walk into town, with no infrastructure available to do so.
Also, give thought to newly-released prisoners. Often, this population get shipped to prisons around the country - to whichever prison factory needs bodies at that moment, and must make their own way home after release. These buses are their only means of transportation. How will they get home now?
Thanks
Very interesting. I noticed the change with Mega Bus a few years ago with both their main Philly stop near 30th St Station and New York stop at Jacob Javitts Center.
Richard been keeping it💯 since I first heard em. Wolf for prez.
I'll admit that I seldom agree with you, Dr. Wolff. You're spot on this time, though. The parallels of the USA and 1920's Britain, or even 4th Century Rome can no longer be denied.
He is slowing but over years never spoke wrong -- example ?
Remember the good old days of beautiful art deco greyhound stations.? Cincinnati had one. I took a bus from Chicago to Cincinnati around 69. America was the bomb back then!
Thank you Professor Wolff,
For providing valuable unbiased information without any of the fake outrage that permeates most of UA-cam these days.
MY FAVORITE ECONOMIC TEACHER!!!!!
You should read Thomas Sowell & Walter Williams
Beautifully explained by Prof. Wolff ! 😊
All of this has come true in Downtown San Francisco . I remember the Greyhound bus station was a hub of activity in the 50's and 60's .Its a sad situation for ordinary people .
Thank you for educating us, Mr. Wolff. I miss the greyhound days when I bussed around various regions of the US...took advantage of that service while it was still available. I see what is going on in Gaza, the social media cancel culture, and censorship by Euroamerican countries as indicative of a rise in hatred and violence precipitated by the decline of empire. I fear minorities who have already had to flee extremism in their countries, which was fueled by colonialism, will be targeted by those who feel entitled to reclaim what was not theirs in the first place.
Great powers such as Roman Empire, Mongolian Empire and British Empire rose and fell in human history. The US will not be an exception.
You are so right.
Far from it.
Professor Wolff :
Tks., much appreciative.
Thank you for this excellent discussion. 💯✌🏼💜
Wow an empire crumbling in real time is a true sight
6:50 Yes. I noticed this in Philadelphia and NYC... bus stops for major companies just on the streets, no bus station.
Thank you for your weekly enlightment..
Richard, thanks for confirming that the ship is going down.
Great job and great analysis by Professor Richard.D. Wolff
Please do a series where you lay out a detailed blueprint for a cooperative based economic system.
Unfortunately, he doesn't seem to have ideas beyond cooperatively owned businesses, a limitation that falls extremely short of what is needed to reorganize society into one that functions for the health of the population and planet. Pretty strange. I guess he can't think beyond Marxist basics.
Didn't Bukharin have similar thoughts after the Russian civil war? Lenin and certainly Stalin suppressed it (and Bukharin, too).
Thank you Mr. Wolff for your very informative and eye opening video. You make extremely clear the economic and social situation in US and around the world.
I subscribe now to your channel. Thank you again.
thank you for the show and you are right -on all points