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Cliff Notes: How to Beat The Student Loan Trap · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Student lowls is actually the second biggest debt most The
• 1:04
  Speaker 3: biggest death for an average person is the mortgage.
• 1:06
  Speaker 4: The second biggest debt is student.
• 1:07
  Speaker 5: Loan one point six trillion, and it's crazy because trily.
• 1:12
  Speaker 4: So we're giving away some money for our high school.
• 1:15
  Speaker 2: Yes, yes we have.
• 1:17
  Speaker 5: We're giving away scholarships to five students. We give it
• 1:20
  Speaker 5: away just because we wanted to do something that was impactful.
• 1:24
  Speaker 5: Let me tell a story about scholars So here's the
• 1:28
  Speaker 5: thing we're giving it. We give it away. I'll just
• 1:30
  Speaker 5: keep it brief.
• 1:31
  Speaker 4: We give away. We're giving away five thousand dollars.
• 1:33
  Speaker 5: Right.
• 1:34
  Speaker 4: We did it last year.
• 1:36
  Speaker 3: And to receive the money, students they had to write
• 1:41
  Speaker 3: and you know, write an essay about why they should
• 1:43
  Speaker 3: get the money.
• 1:44
  Speaker 5: No, so they had to It was just like a
• 1:46
  Speaker 5: future business plan, not even like an idea, not even
• 1:49
  Speaker 5: a plan. I shouldn't say plan, a future business idea.
• 1:51
  Speaker 5: What would you do with the thousand?
• 1:53
  Speaker 4: It was relatively easy, simple, Yeah.
• 1:55
  Speaker 5: How many essays do you think? We are? Four? How many?
• 1:59
  Speaker 6: Four?
• 2:00
  Speaker 5: You overshot it by fifty percent.
• 2:03
  Speaker 6: Wow, there was only chat GPT back then.
• 2:06
  Speaker 5: So I don't think it was that many that we
• 2:08
  Speaker 5: got two too, We got two two, So we upted
• 2:12
  Speaker 5: this year. We said, look we're gonna do it. We're
• 2:15
  Speaker 5: gonna open it up for five students. Five students to date,
• 2:18
  Speaker 5: how many think essays you think.
• 2:19
  Speaker 6: We got I've been on due lingo setto man, I.
• 2:24
  Speaker 4: Have not got one yet, haven't got one. Here's the
• 2:26
  Speaker 4: crazy thing about it. All you gotta do is right
• 2:27
  Speaker 4: to stay.
• 2:28
  Speaker 3: You gotta get money and the GPT one of two
• 2:30
  Speaker 3: things that it's not happening.
• 2:32
  Speaker 4: Maybe it's not marketing correctly. That could be our fault.
• 2:35
  Speaker 5: Possibly, or.
• 2:39
  Speaker 3: It's just a complete lack of motivation for and this
• 2:44
  Speaker 3: is like, this goes back to the dead thing. I
• 2:46
  Speaker 3: would rather just take out student long because I don't
• 2:48
  Speaker 3: have to do anything, pull out some paperwork, take out so long.
• 2:51
  Speaker 3: I got to actually sit down and write an essay
• 2:54
  Speaker 3: four thousand dollars.
• 2:56
  Speaker 5: I mean there's there's negligence, right, there's negligence from the
• 2:59
  Speaker 5: student part. There's next legits from an administrative part as well. Right,
• 3:02
  Speaker 5: so the kid if the kids don't know about it,
• 3:05
  Speaker 5: then they won't know to do it. That's one part
• 3:07
  Speaker 5: of it, right. But there are kids who do know
• 3:09
  Speaker 5: about it and are choosing not to do it, and
• 3:11
  Speaker 5: there's parents who know about it and are doing nothing.
• 3:14
  Speaker 4: Well, you have not received one essay yet.
• 3:15
  Speaker 5: Yeah, and that's just for our high school, Woodlands High
• 3:18
  Speaker 5: School here and was in Heartsdale, New York, Henry. But
• 3:21
  Speaker 5: I'm saying because people are like, how do I get
• 3:22
  Speaker 5: the thousand? It was for our high school. So if
• 3:24
  Speaker 5: you're a senior at Woodlands High School, right, if you're
• 3:27
  Speaker 5: in Greenberg, you're in Haartsteale and you go to Woodlands
• 3:29
  Speaker 5: and your senior this is for you.
• 3:31
  Speaker 3: But like I said, this goes back to a wider issue.
• 3:37
  Speaker 4: What's the point. What's the point?
• 3:39
  Speaker 3: What's the point of what writing an essay when I
• 3:44
  Speaker 3: could just borrow money. It's a mentality that we've been
• 3:49
  Speaker 3: ingrained to think to do the least amount of power.
• 3:52
  Speaker 3: We want to do the least amount and get the most.
• 3:54
  Speaker 7: Okay, Now, if we can be honest, who put that
• 3:56
  Speaker 7: into our society? Because we have to have a bigger
• 3:58
  Speaker 7: and I keep trying to have the conversation. I don't
• 4:00
  Speaker 7: want to run any relationships. We have to go to
• 4:02
  Speaker 7: the top of the banks and with the venture capital first,
• 4:05
  Speaker 7: cool pushing.
• 4:05
  Speaker 5: This it's a business first.
• 4:08
  Speaker 4: Yeah, I mean but no, no, for sure.
• 4:10
  Speaker 3: But I'm just saying it's just the mentality that we
• 4:13
  Speaker 3: have been ingrained and to do the least to get
• 4:17
  Speaker 3: the most.
• 4:17
  Speaker 4: We want to do the least amount to get.
• 4:19
  Speaker 5: The most partly true right, because there's people and I've
• 4:22
  Speaker 5: been in that boat right where it was like my
• 4:24
  Speaker 5: parents were I guess we were middle class, and it
• 4:26
  Speaker 5: was like you got to fill out you can't even
• 4:28
  Speaker 5: get studlon. You gotta fill out financial aid first, and
• 4:30
  Speaker 5: then you don't qualify financial aid if you make a
• 4:31
  Speaker 5: certain amount, and then you got to get student loan
• 4:34
  Speaker 5: because you can't get it right. So if my parents
• 4:35
  Speaker 5: in middle class, we're not getting any financial aid right.
• 4:38
  Speaker 5: So like I remember I got to check for thirty
• 4:40
  Speaker 5: six dollars for financial aid? What am I doing with that?
• 4:42
  Speaker 5: So now it's like if my parents don't have it
• 4:44
  Speaker 5: and I don't have it.
• 4:46
  Speaker 4: Here's the thing, here's the thing. Here's a novel.
• 4:49
  Speaker 3: Idea is this is the harsh reality of life. If
• 4:56
  Speaker 3: you can't afford to buy something, don't by it. That
• 5:01
  Speaker 3: includes college, that includes college, that includes college. This is
• 5:06
  Speaker 3: something that I'm probably gonna get a lot of pushback
• 5:08
  Speaker 3: here when you get a rebuttals, I'm gonna get a
• 5:11
  Speaker 3: lot of pushback for I'm not saying don't go to college.
• 5:14
  Speaker 3: I'm saying go to where you can afford. Everybody can
• 5:16
  Speaker 3: afford community college that's almost free. Now, that's almost free.
• 5:22
  Speaker 3: So my thing is this, right, instead of you trying
• 5:27
  Speaker 3: to take out a bunch of student loan to go
• 5:29
  Speaker 3: to out of state school, whether it's the HBCU school,
• 5:33
  Speaker 3: whether it's whatever. If you, if you financially can't afford
• 5:37
  Speaker 3: to go to school, and your parents know that, why
• 5:40
  Speaker 3: don't you encourage your kid or tell your kid, Look,
• 5:43
  Speaker 3: you go to junior college for two years, right, which essentially,
• 5:49
  Speaker 3: even if you have to work part time.
• 5:50
  Speaker 4: You could pay for junior college. It's very affordable.
• 5:53
  Speaker 3: So now you get to you get to have an
• 5:56
  Speaker 3: associate's degree right under your belt, and if you do
• 6:01
  Speaker 3: well enough, now you can potentially get a scholarship based
• 6:06
  Speaker 3: off of past performance. Or even if you have to pay,
• 6:09
  Speaker 3: you can still go to a state school to finish
• 6:10
  Speaker 3: out your bachelor's degree. But paying for two years is
• 6:13
  Speaker 3: a lot more beneficial for paying for four years. Right,
• 6:16
  Speaker 3: That's something that would substantially decrease the student loan crisis
• 6:21
  Speaker 3: in this country. So some self accountability.
• 6:25
  Speaker 6: Has to be a guy's advocate real quick.
• 6:28
  Speaker 4: It definitely decreased the student loone crisis for sure.
• 6:32
  Speaker 7: Well sure, if master's degrees are not affording people to
• 6:36
  Speaker 7: live or get a wage that is fair, that is
• 6:41
  Speaker 7: commensurate to what they've invested.
• 6:44
  Speaker 6: Then how is getting an associated degree better person?
• 6:47
  Speaker 3: Well, that's not what master's degrees are. What master's degree
• 6:51
  Speaker 3: you're getting is the key. So this goes back to
• 6:54
  Speaker 3: another situation as far as education, what are you majoring in?
• 7:00
  Speaker 4: Right, So we know that.
• 7:03
  Speaker 3: Social sciences, communications a lot of these degrees.
• 7:09
  Speaker 4: Doesn't matter if you have a.
• 7:10
  Speaker 3: Doctorate degree, you're still facing an uphill battle. But just
• 7:14
  Speaker 3: put it on Instagram a few days ago. The top
• 7:17
  Speaker 3: ten professions as far as how much you get paid
• 7:21
  Speaker 3: are all medical professions. So medical profession stim is still
• 7:26
  Speaker 3: making money in medical field, architecture. If you're going to
• 7:31
  Speaker 3: be a doctor, if you're going to be a lawyer,
• 7:33
  Speaker 3: there's still a higher You still are going to outpace
• 7:36
  Speaker 3: the average American as far as amount of money that
• 7:37
  Speaker 3: you're going to make. So it's not necessarily that master's
• 7:41
  Speaker 3: degree is not earning money. It's what kind of master's
• 7:44
  Speaker 3: degree that you have that's not earning money. If you
• 7:47
  Speaker 3: have a master's degree in sociology, it's going to still
• 7:51
  Speaker 3: be difficult for you, be honest.
• 7:53
  Speaker 7: Even though it's in the medical field that they also
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  Speaker 7: have the highest debt burden as well.
• 7:57
  Speaker 5: Yeah, they have the highest and the amount of time
• 7:59
  Speaker 5: that it takes to achieved that well, I'm just.
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  Speaker 3: Using that as an example. So there are when you
• 8:04
  Speaker 3: have to think of, Okay, what's going to put me
• 8:06
  Speaker 3: in a best situation possible to make money?
• 8:09
  Speaker 4: If it's all about mitigating risk.
• 8:11
  Speaker 3: If you want to go to college, but you don't
• 8:13
  Speaker 3: have to go to college, but if you want to
• 8:14
  Speaker 3: go to college, there's no guarantee that you're going to
• 8:17
  Speaker 3: be successful either way, but you put yourself in the
• 8:20
  Speaker 3: best position as possible. The best position is to make
• 8:23
  Speaker 3: sure that you have as least debt as possible, right,
• 8:27
  Speaker 3: and then you're in a better place. It's still not
• 8:30
  Speaker 3: a guarantee that you're gonna win, but you're in a
• 8:32
  Speaker 3: better place as opposed to just winging it and just
• 8:34
  Speaker 3: getting eighty thousand dollars a debt off the rip and
• 8:37
  Speaker 3: now you're in a worst place.
• 8:40
  Speaker 5: But that goes back to and that's now we can
• 8:42
  Speaker 5: speak of it now, right, And that was pretty much
• 8:44
  Speaker 5: my strategy was like, look, I'm gonna stay close to
• 8:46
  Speaker 5: home and find the most affordable school. I'm gonna try
• 8:48
  Speaker 5: to have at least debt that is going to put
• 8:50
  Speaker 5: on my parents, which is eventually going to turn on
• 8:51
  Speaker 5: me because they're going to be co signers. So that
• 8:54
  Speaker 5: was the plan. The difference now is that, well then
• 8:57
  Speaker 5: was that there wasn't any education behind it. So like
• 8:59
  Speaker 5: when you have the first person that's going to school
• 9:01
  Speaker 5: and this is the American dream, right like all you
• 9:04
  Speaker 5: especially like first generation kids, it's like you've got to
• 9:07
  Speaker 5: go to college because that's how you're going to be successful.
• 9:10
  Speaker 5: But it all comes down to it is it is money, right,
• 9:12
  Speaker 5: Like you got to think about the return on the investment.
• 9:15
  Speaker 5: So if I'm going here, I have to finish. Most
• 9:17
  Speaker 5: kids go and they're like, I don't want to do
• 9:19
  Speaker 5: this anymore. But at that point you're already in debt.
• 9:21
  Speaker 5: You almost have to finish. I spoke to Assuming the
• 9:23
  Speaker 5: other day, she's studying in PT She's like, I don't
• 9:26
  Speaker 5: even want to do this anymore. Well, you're five years in.
• 9:28
  Speaker 5: Guess what you gotta have to finish to finish because
• 9:31
  Speaker 5: if you don't, you can't afford to start over. And
• 9:35
  Speaker 5: if you do, you're going to start at a base
• 9:36
  Speaker 5: out that's going to at least provide you with a
• 9:38
  Speaker 5: salary in some profession, and so we got to it.
• 9:42
  Speaker 5: I'll say this, right, because I went to school, I
• 9:44
  Speaker 5: was educated. I'd be as kind as possible. Right. If
• 9:47
  Speaker 5: money is the root of the decision, then we have
• 9:50
  Speaker 5: to find different ways to get to the money. Whether
• 9:53
  Speaker 5: it's finding a trade, whether it's finding a skill. Some
• 9:55
  Speaker 5: of these professions you have to go through.
• 9:57
  Speaker 4: So what do you mean if money's have ordered the decision?
• 9:59
  Speaker 6: So why we want going to college?
• 10:01
  Speaker 4: Because I want to make more money? That's the move
• 10:03
  Speaker 4: of it, right, but not uncertain?
• 10:05
  Speaker 5: Well, then why are we going ninety I would say
• 10:08
  Speaker 5: more than ninety percent? Right?
• 10:09
  Speaker 4: If I didn't have.
• 10:10
  Speaker 6: To go, that's black It's one hundred percent yes.
• 10:12
  Speaker 5: Right right, it was like, Yo, that's the way to
• 10:14
  Speaker 5: at a quote unquote, accumulate wealth or be successful quote unquote. Right,
• 10:18
  Speaker 5: if I didn't have to go, if there was another route,
• 10:20
  Speaker 5: if there was an earlier leisure in two thousand and six, bro,
• 10:24
  Speaker 5: I might not be going to grad school.
• 10:26
  Speaker 4: So you know what I'm saying.
• 10:27
  Speaker 5: So like the education and the resources have changed, I think, hold,
• 10:30
  Speaker 5: let me finish where where people can make wiser decisions,
• 10:33
  Speaker 5: so that traggy you're talking about, like, yes, go to
• 10:35
  Speaker 5: community college, to your school, find another affordable school. But
• 10:39
  Speaker 5: even after you find that associate's degree, you still may
• 10:42
  Speaker 5: not have or be in a position where your parents
• 10:44
  Speaker 5: can afford it. So you're still going to be in
• 10:46
  Speaker 5: some form of debt. You want to mitigate it as right.
• 10:50
  Speaker 5: You want to mitigate the risk as much as possible,
• 10:52
  Speaker 5: But there's still going to be a certain amount of
• 10:54
  Speaker 5: debt that's going to be accumulated. It's just about how
• 10:56
  Speaker 5: much you're going to accumulate. But you're doing that because
• 10:59
  Speaker 5: you want to you again, make money. It's like when
• 11:03
  Speaker 5: I'm a teacher, in order for me to make more money,
• 11:05
  Speaker 5: I got to go back to school to get more credits.
• 11:07
  Speaker 5: Well I'm not even learning anything. Earners, what's up. You
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• 13:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 13:04
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 13:08
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 13:12
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 13:16
  Speaker 1: some of the heinous migrant criminals caught because of President
• 13:20
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 13:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 13:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 13:32
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 13:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 13:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 13:43
  Speaker 1: never return. But if you register using our CBP home
• 13:47
  Speaker 1: app and leave now, you could be allowed to return legally.
• 13:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 13:55
  Speaker 1: border and families will be protected.
• 13:58
  Speaker 2: Sponsored by the United States Department of Homesity.
• 14:00
  Speaker 5: I'm just going to get credit so I can make
• 14:02
  Speaker 5: more money. If the goal is to learn, then there
• 14:05
  Speaker 5: has to be a different incentive. Right If people are
• 14:07
  Speaker 5: plus thirty or the plus sixty, or they have their doctorate,
• 14:10
  Speaker 5: they're doing that. That in that perfect especially in education,
• 14:13
  Speaker 5: because they're like, that's where the highest salary is at.
• 14:16
  Speaker 4: There's the thing. There's alternatives.
• 14:19
  Speaker 3: And I don't want to harp on this situation for
• 14:20
  Speaker 3: too long, but it's important when you are in the
• 14:26
  Speaker 3: pursuit of education. As far as a degree from college,
• 14:31
  Speaker 3: there's ways to go about it that might take longer,
• 14:34
  Speaker 3: that might not be as glamorous, but can eliminate a
• 14:37
  Speaker 3: lot of debt. You can work while you're going to school.
• 14:41
  Speaker 3: You can stay home, you can go to community college.
• 14:44
  Speaker 3: You can take six years to get a four year degree.
• 14:46
  Speaker 4: These are things that you can that you can do.
• 14:49
  Speaker 5: Right, So I like to all those except the six year.
• 14:53
  Speaker 3: Why Because when I'm saying six years, I mean you're
• 14:56
  Speaker 3: taking you're taking time you might not have all day.
• 15:00
  Speaker 3: My mom worked while she went to school, right, so
• 15:02
  Speaker 3: she didn't have the like I didn't. I just went
• 15:05
  Speaker 3: to school, so she didn't have the option to go
• 15:09
  Speaker 3: to school from ten o'clock in the morning to four o'clock.
• 15:13
  Speaker 4: She might have had two hours.
• 15:14
  Speaker 3: Right, So I'm saying like, instead of twelve thirteen credits,
• 15:17
  Speaker 3: you might just take six credits a semester.
• 15:19
  Speaker 5: That's why I'm saying six years. And here's my opposition
• 15:22
  Speaker 5: to it, because I am that person. Right, Like, I
• 15:24
  Speaker 5: worked and I went to school, and what happened when
• 15:26
  Speaker 5: I was trying to get into the workforce. It was like,
• 15:29
  Speaker 5: all right, the people that I had been in school
• 15:30
  Speaker 5: with are now they have two more years of experiences
• 15:33
  Speaker 5: than I have. Yes, I now fall behind that class
• 15:36
  Speaker 5: that I started with because their experience level is higher. Right,
• 15:39
  Speaker 5: I'm spacing it out because yeah, I don't have the time.
• 15:41
  Speaker 5: I have to go to school on Saturday. I'm going
• 15:43
  Speaker 5: to school at night, as opposed to somebody who's taking
• 15:46
  Speaker 5: eighteen credits in the semester. It's different. But what it
• 15:49
  Speaker 5: does again, because when we're in the workfield, there is
• 15:51
  Speaker 5: no age limit. You're competing against everybody, and so every
• 15:55
  Speaker 5: year that I'm going to school, salary is increasing, I'm
• 15:59
  Speaker 5: having less experience. It takes away from that.
• 16:01
  Speaker 7: I'm just stay from a person and in the interview processes,
• 16:03
  Speaker 7: the employee take you six years to graduate.
• 16:06
  Speaker 3: I don't think it really doesn't necessarily not nobody's ever
• 16:08
  Speaker 3: asked why to take six years to graduate, because as
• 16:10
  Speaker 3: long as you have a degree, that you have a degree.
• 16:12
  Speaker 4: But my thing is this, I don't know.
• 16:14
  Speaker 3: Regardless, go ahead, like I said, I don't want to
• 16:18
  Speaker 3: spend too much time on this because we could go
• 16:19
  Speaker 3: all episode on this. But make smart decisions. Try to
• 16:24
  Speaker 3: lower your debt if possible. Student loan debt is one
• 16:27
  Speaker 3: is the second biggest debt to any Americans, so this
• 16:31
  Speaker 3: is a very important thing. And mortgages is the most
• 16:34
  Speaker 3: is the biggest debt. So even with the mortgages, try
• 16:36
  Speaker 3: to go about it the correct way. Try to buy
• 16:39
  Speaker 3: homes that you can afford, house hack, multifamily. Don't put
• 16:45
  Speaker 3: yourself in a tremendous financial hardship just to live somewhere,
• 16:48
  Speaker 3: because that's not beneficial either for you just to be
• 16:51
  Speaker 3: working just to pay a mortgage and property taxes.
• 16:54
  Speaker 4: That's not a recipe for financial freedom. Down line as well, due.
• 16:58
  Speaker 3: To snowball method, if you're trying to get of your
• 17:00
  Speaker 3: credit card debt, that is when you're paying if you
• 17:03
  Speaker 3: have multiple credit cards, You're paying a higher amount on
• 17:07
  Speaker 3: the larger credit cards until you pay the larger credit card.
• 17:10
  Speaker 3: Often then you use that money to the second largest
• 17:13
  Speaker 3: and then kind of work your way backwards from there.
• 17:15
  Speaker 3: That's beneficial way to kind of go about it. Definitely
• 17:17
  Speaker 3: call your credit card, you know, to try to negotiate.
• 17:22
  Speaker 3: That is something that you can potentially do. You know,
• 17:26
  Speaker 3: be wise with your decisions which you're spending, just you know,
• 17:29
  Speaker 3: you just got to be you just got to think
• 17:31
  Speaker 3: Auto loans definitely, look at, you know, different options before
• 17:35
  Speaker 3: purchasing a car. Look at the difference between if you
• 17:37
  Speaker 3: lease a car and if you buy a car, Look
• 17:40
  Speaker 3: at used cars, look at different things that go into
• 17:43
  Speaker 3: play here before you just make a decision. Because sometimes
• 17:47
  Speaker 3: you make a decision, you think you're doing the right thing,
• 17:49
  Speaker 3: and you're putting yourself in tremidous debt. So seventeen trillion
• 17:52
  Speaker 3: dollars of debt for Americans is something that's concerning, and
• 17:57
  Speaker 3: I think that everybody should look at their own personal
• 17:59
  Speaker 3: situation and reevaluate it and see how they can do better.
• 18:03
  Speaker 7: All a great My only final take that I want
• 18:05
  Speaker 7: to put on this is that three of the biggest
• 18:07
  Speaker 7: products in the banking system are mortgages, student loans.
• 18:11
  Speaker 6: And overdraft fees.
• 18:12
  Speaker 7: I don't want it to come off as if we're
• 18:14
  Speaker 7: blaming the people, because if they are profitent off of
• 18:16
  Speaker 7: the seventeen trillion, at what point where we put pressure
• 18:20
  Speaker 7: on Wells Fargo, Bank of America, JP Morgan, who I
• 18:24
  Speaker 7: have a relationship with, and other banks and institute. That's
• 18:28
  Speaker 7: part of the reason, like why some of these regional
• 18:29
  Speaker 7: banks are falling apart as well, Like it's not the
• 18:32
  Speaker 7: people that put themselves. Even in two thousand and seven,
• 18:35
  Speaker 7: people got blamed for doing bad mortgages, but they never
• 18:38
  Speaker 7: talked about the derivatives trading that Wall Street did off
• 18:41
  Speaker 7: the loans.
• 18:42
  Speaker 6: It wasn't the consumers that crashed the market.
• 18:44
  Speaker 7: It was all the shitty trading from and swaps and
• 18:48
  Speaker 7: derivatives that they were doing on the assets and then
• 18:50
  Speaker 7: lying about the ratings of those. So at some point
• 18:54
  Speaker 7: we have to have a larger conversation around banking doing
• 18:57
  Speaker 7: the right thing. And a part of our desire to
• 18:59
  Speaker 7: expand and rapidly is causing our corrosion as well, because
• 19:04
  Speaker 7: you can't expand without printing more money at scale and
• 19:08
  Speaker 7: going back to tech, like even Apple, Apple as a
• 19:12
  Speaker 7: company is worth more than all of the Russer two thousand.
• 19:15
  Speaker 7: You guys know, I love Apple, but that's the biggest
• 19:17
  Speaker 7: sign of a bubble. How can one stock be bigger
• 19:21
  Speaker 7: than a fucking in depth because majority of the other
• 19:24
  Speaker 7: companies in the Ruster two thousand small cap are not
• 19:27
  Speaker 7: worth what they were valued at. Most of the venture
• 19:29
  Speaker 7: companies that have got back in the last two years
• 19:31
  Speaker 7: are underwater. So if they were valued two years ago
• 19:34
  Speaker 7: at one hundred and ninety billion dollars or one hundred
• 19:37
  Speaker 7: and ninety million, they're really worth eighty five right now.
• 19:39
  Speaker 7: But they are not going to go back and regrade
• 19:41
  Speaker 7: all of those. We have a bigger debt issue, an
• 19:44
  Speaker 7: asset issue across every class. Commercial real estate in San
• 19:48
  Speaker 7: Francisco forty five percent vacancy rate, twenty two percent in Chicago.
• 19:53
  Speaker 6: These are major bubbles.
• 19:55
  Speaker 7: And people want to say we're fear mongering about China.
• 19:58
  Speaker 6: But when wealth posted, I don't.
• 20:00
  Speaker 5: See them comments.
• 20:01
  Speaker 6: I'll be looking. I'll be on the video when we
• 20:04
  Speaker 6: can move on.
• 20:04
  Speaker 7: But I think we got to put some pressure on
• 20:06
  Speaker 7: the banks to put up to make sure that they're
• 20:09
  Speaker 7: taking advantage of us.
• 20:10
  Speaker 6: And then blaming us when it goes belly up.
• 20:13
  Speaker 5: Yeah you you said, Apple, They're actually worth more than
• 20:16
  Speaker 5: the GDP of the UK as well. Think about that
• 20:22
  Speaker 5: they worked three points as a trillion and the GDP
• 20:25
  Speaker 5: of the UK is two point six trillion.
• 20:27
  Speaker 3: Yeah, yep, that's pretty. But we live in America. It's
• 20:32
  Speaker 3: a capitalist in society. So you can never look at
• 20:35
  Speaker 3: institutions and banks for any way out.
• 20:39
  Speaker 4: You have to.
• 20:39
  Speaker 3: You have to take accountability as a person because it's
• 20:43
  Speaker 3: ultimately in their best interest to make sure that you're ignorant,
• 20:46
  Speaker 3: that you're making bad decisions, that you're putting yourself in debt.
• 20:50
  Speaker 4: I mean, that's that's the way, right way of the
• 20:53
  Speaker 4: business model. You are right, that's the corporate structure of America.
• 20:56
  Speaker 3: So knowing that it's not good enough to say like
• 20:59
  Speaker 3: this would be the equivalent to say like, okay, mcdonald'
• 21:03
  Speaker 3: should stop serving Big Max and the school system should
• 21:07
  Speaker 3: serve better food. Yeah, that all should happen. It's not
• 21:10
  Speaker 3: in their best interest. So me, as an intelligent person,
• 21:14
  Speaker 3: I can't blame my health issues on outside entities. I
• 21:19
  Speaker 3: have to take responsibility for myself and say that I'm
• 21:23
  Speaker 3: a competent person who can make decisions.
• 21:29
  Speaker 4: And I am.
• 21:30
  Speaker 3: Choosing to make healthy choices in my eating habits because
• 21:37
  Speaker 3: I don't want to have high blood pressure, diabetes, cholesterol.
• 21:41
  Speaker 3: I don't want to go through that. Just like the
• 21:43
  Speaker 3: debt situation, we all have to take responsibility. And if
• 21:47
  Speaker 3: you don't know, that's one thing. But if you're educated
• 21:53
  Speaker 3: and you do it, then that's a decision accountability.
• 21:58
  Speaker 7: What do you do if you can't avoid it, Like
• 22:00
  Speaker 7: let's take the food sourceing scenario, what do you do
• 22:03
  Speaker 7: if you can't avoid the poison, or you live in
• 22:05
  Speaker 7: the area where there's a food desert, or if we
• 22:06
  Speaker 7: talk about life for sake, which destroys the good by
• 22:09
  Speaker 7: own which has been the number one leading factor for
• 22:11
  Speaker 7: obesity going up seven hundred percent.
• 22:13
  Speaker 6: This has been a class action lawsuit on that company.
• 22:16
  Speaker 3: Well, you know, I used to you know, I used
• 22:17
  Speaker 3: to live in Baltimore, So I did a whole survey
• 22:20
  Speaker 3: on food deserts. I did an actual study on food deserts.
• 22:25
  Speaker 3: So I know about food deserts for sure. I actually
• 22:27
  Speaker 3: did a research study on it firsthand, And for sure
• 22:31
  Speaker 3: that's an issue. But also right this one of the
• 22:38
  Speaker 3: things that is a common misconception is that it's expensive.
• 22:42
  Speaker 2: To eat good.
• 22:44
  Speaker 3: It's actually more expensive not to eat good. So we
• 22:50
  Speaker 3: all still have the soiss to make no matter what
• 22:52
  Speaker 3: your circumstances are. Nineteen keys, it gave me the book
• 22:56
  Speaker 3: how to Eat to Live. That was Ritt in my
• 22:57
  Speaker 3: lodge in Muhammad in nineteen fifty in the worst economic
• 23:01
  Speaker 3: situation for black people, worse than what we all have
• 23:04
  Speaker 3: now more and he wrote that, he wrote in nineteen
• 23:07
  Speaker 3: fifty how to Eat to Live. There's a whole book
• 23:11
  Speaker 3: dedicated on healthy living, how to eat, how to grow
• 23:15
  Speaker 3: your own food out of different thing. So, yeah, we're
• 23:18
  Speaker 3: always gonna have challenges in America, especially as black people.
• 23:22
  Speaker 3: But in twenty twenty three, we have to find ways
• 23:28
  Speaker 3: to overcome those challenges. We have to find ways because petitioning,
• 23:31
  Speaker 3: going to the government, going to corporations, trying to hold
• 23:34
  Speaker 3: them accountable, it's not going to work. Beyond it's not
• 23:36
  Speaker 3: gonna work. So yeah, we are up against the uphill
• 23:39
  Speaker 3: battle and it's this challenges. But you have to find
• 23:44
  Speaker 3: ways to beat the challenges. If not, we're going to
• 23:47
  Speaker 3: continue to.
• 23:48
  Speaker 8: Lose my graduates from my school being forced back and
• 23:54
  Speaker 8: drop bags, drop Mike, drop back drop drop.
• 24:08
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 24:12
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 24:16
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 24:20
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 24:24
  Speaker 1: some of the heinous migrant criminals caught because of President
• 24:28
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 24:32
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 24:37
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 24:40
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 24:44
  Speaker 1: are here illegally, your next you will be fined nearly
• 24:47
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 24:52
  Speaker 1: never return. But if you register using our CBP home
• 24:55
  Speaker 1: app and leave now, you could be allowed to return legally.
• 24:59
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 25:04
  Speaker 1: border and families will be protected.
• 25:06
  Speaker 2: Sponsored by the United States Department of Homeland Security,