One of the best things she's done before entering politics. A brilliant and unbiased presentation using historical data that has stood the test of time.
lol, so its been 16 years later. somehow, the middle class hasnt collapsed. however, government spending and deficits are through the roof and WAY WAY more of the cause for inflation vs. a bunch of families making more moeny than they should. Ridiculous logic by the left and promoting more regulaitons and bigger government to help people when the exact opposite is proven to be true. Hope elon musk basically removes 50% of the government
I'm an adult student that is sitting out a semester to find work. I got laid off before I decided to go back to school. I just came back from the Salvation Army to see if they can help me pay my electric bill (they will do that if you didn't know). I bought a bicycle yesterday at a thrift store for $20, because I cannot keep paying gas prices. I have not bought any new cloths for over a year, and the last thing I can remember buying was a pair of jeans for $8 at Rural King. So I love it when rich people say "you got to just learn to live within your means and stop wasting money on frivolous things."
You must ask everyone you know to vote blue, Biden has promised many programs to help the lower and middle class to live better conditions with essential programs providing basic needs for everyone. Healthcare, senior care , child care, better paying jobs. Go vote, it is still a right we have and we must use it to make sure Republicans will no longer have the power to take away those rights, along with abortion rights to women whohave reasons for not wanting to give birth to a child coming from a rape, incest or health issue that might take her own life away. 🔵🔵🔵🔵🔵💙🧢is the only way to vote to save us but also TO SAVE OUR COUNTRY.
Byron. I got nursing degree at 40 yrs old. Before that I couldn't make ends meet . Not much clothes etc. But having learned to live frugal now when I got a good job as a nurse I found I still go to a salvation army and find a lightly used quite good lightly used clothes. I lived frugally tilI I could pay off a house. I'm never ashamed of living frugally. A penny saved is a penny earned. They all add up. Dont give up all of life's lessons add up. Keep hope
Especially when they get rich by helping themselves to taxpsyers money by scamming the treasury with busineses diguised as foundations, charities and other.
This lecture is the most insightful look into what has been happening to families over the past decades. She hits every major point with ease of articulation. She's brilliant.
Sophie Reed not taking anything away from warren, but this was not a particularly difficult thing to do for anyone who has been paying attention to what was happening at the time. Unfortunately, it seems we are headed towards another recession once again. We can thank market capitalism for that
@Laurent look up neoliberalism. there's been massive deregulation since the 70s, if you think there's been a state takeover of the economy prior to 2008 you are seriously mislead, from what it seems you're a 14 year old self proclaimed ancap/libertarian who's very new to politics
@T South If you like Warren, the you'll LOVE Richard Wolff and his views on Companies and Jobs moving overseas. He'll break it down in a way Warren never will.
+GNU/LINUX In Europe, same as here next...there will be a more controlled situation,(socialism) applied on European and American society, just to couple better while WW3 goes on...WW3 will be way, but way a bigger issue, compared to what it was in the 1960/70s with Vietnam, and see how bad society complained again'ts the U.S. government in those days, so, now, our government is trying to prevent those in WW3...oh by the way, WW3...coming to a theater near you and me, starting very slowly in 2017, but finishing before 2064...sounds crazy right??...well, just wait and see it by yourself. Crazy and paranoid Joe, has been telling people this for some time now...the mighty Authority bless the U.S.A.and Europe on that mission...
+elfboi523 Actually the middle class is now officially a minority she was right. The war in Iraq led to the destablized the entire region Bernie was right.
+Uno G The warning sign should have been noticed during the Clinton Administration when the definition of "Middle Class" was re-defined as incomes exceeding $100k as stated by Bill Clinton. I remember his stating this. I wonder if people really understand what really defines "Middle Class" by today's standards.
@ I realize facts do not change minds, so this is likely for naught, but: 1) Illegal immigrants are not eligible for welfare- this is from actual immigration lawyers and not Faux News. 2) A wall is a waste of money, as most illegal immigrants fly over and overstay their visas (like Melania). Planes ----> walls. American citizens actually living on the border do not want a wall, especially as it requires the government seizing their private property. I thought Republicans were supposed to not like that. 3) The pathway to legal immigration must be made less onerous (maybe not as easy as it was in Ellis Island days- i.e., "get on a boat while white"; poverty doesn't matter; no one would know if you murdered somebody back in the Old Country), but less onerous nonetheless.
5 лет назад
@@stanloretta92 "A wall is a waste of time". I didn't know you were an expert in border walls. Could you give your phone number here so I can pass it to the committee? America allows a million people to enter the "US legally. The illegals have no right to be here. I have no right to suddenly enter your house to live there because it's better than mine, right?
Bill Clinton exports US jobs by granting China Most Favored Nation status. Congress/Senate export jobs with NAFTA. Nutter Leftist like Warren drive the cost of production in the US up to uncompetitive levels with entitlements.. Healthcare.. Huge taxes for Business. Don't wake me up til Warren's car is found driven off a cliff and a sad story is delivered to her family.... Idiot who couldn't balance a checkbook.
One thing that she hints at - but which I have long proposed and wrote a paper about (though I had less statistics than Warren but childcare, housing, two cars and insurance were apparent) and that is how big business and the banks etc., took advantage of women's liberation by making it necessary for women to work - not doing so by choice and to stretch their new opportunities, for the most part, but out of sheer economic need. Money finds every opportunity to exploit. While the right used the issue to make women and men by extension to feel shame and guilt over circumstances beyond their control.
Read Runaway Inequality by Les Leopold and America: What Went Wrong by Donald Barlett and James Steele. 2 books that chronicle the laws that were passed by congress and signed by presidents enabling Wall street deregulation.
And the left uses shame and guilt against any woman who deigns to stay at home, create a strong family, etc. It is not only economic need that forces women into the workplace, it is also guilt. I know more than a few women who when not working, dread that question, "so what do you do?". Both sides use shame, and yes, money does exploit. Take a look at the wealthiest zip codes in America. DC and surrounding regions, New York City, the Bay area, Denver, Seattle, etc. They are all democrat strongholds. Money is democrat. Free your mind from the right left trap. That is solely to pit us against each other so we don't see we have more in common that different, and then focus on money and DC.
Closeoutracer, health care costs are already skewering the middle class. Things are a little better now than they were at the time of this lecture, thanks to the Affordable Care Act (💙 Obama), but they could definitely be improved further.
This lecture is from 2007, and with the exception of the onset of the effects of the Affordable Healthcare Act, everything is worse today. It's important to go through the demographic-set body of the lecture to really appreciate and have a vision for the far-more universal points Warren makes in the concluding five minutes. Worth watching, this was when she was a Harvard professor (I guess she still is?).
Her book "The Two-Income Trap" points out how it often makes more sense for one parent to stay home and be a full-time mom (or dad) rather than earn two full-time incomes. In part this is because of the high progressive income tax rates, job-related and daycare expenses, and the cost of maintaining, operating, and insuring a second vehicle.
Wow, Im glad I found this video. This puts a lot of what's going on today in a perspective about the dept issue we have in this country. Very informative.
I'd like to see an updated version. I bet the graphs of debt and and cost of living would spill off the powerpoint pages. Things have gotten much worse since 2007, especially with the healthcare garbage that has been shoved down our throats in the past couple years.
I am old enough to remember when we had a real middle class. I can't understand why people aren't out in the streets protesting, boycotting Walmart and the big banks? Why let the super wealthy just have everything?
The issue isn’t big business. Big business are the RESULT of big federal reserve balance sheets now at 9 trillion and 40 years of ever lower interest rates. This may finally be coming to a close either through high inflation or a depression. It’s hard to see how they keep the Ponzi scheme going. Read the book creature from Jekyll island. Politicians and big bankers met to make the federal reserve. The middle class would be way better off if gold was used to force the government to live within its means.
Let's just say that the 1980's Trickle down theory that lowered the top 1% tax rates from 70% to 39% and bigger loopholes that benefited only them worked to create more jobs, we would have been drowning in jobs. Yet under employment and unemployment have been climbing to historical highs.
In 1980, we should have taken over the government. Reagan no longer had taken the best interest of the country. By lowering the taxes on the rich, he knew he was ruining the country. High taxes on the rich,is the only way that the capitalistic system will work for everyone.
This lady rocks! I know she is telling the truth because I have been living this for over 25 years. With 6 children. One income. Always prioritising the soul of the family over the 2 incomes.
Same here! I’m 34 and have three children. I stopped working as soon as my first child was born. Should have quit sooner! My oldest is twelve and my youngest is two now 😊 We have one vehicle and never have to pay for child care. I also homeschool so we can live wherever we can afford to live. Our house has literally doubled in value since we moved in, in 2019! My husband did not go to college so we never had to pay that debt for him. I went to an expensive art school for about six months and nursing school for about four months. Paying those debts off made life so much more difficult in our first years of marriage!! We still pay too much for health care, too. And spent more than we needed to on our vehicle. We are now learning about Velocity banking. We are going to sell our car and buy a used vehicle with cash from our tax refund. With Velocity banking, I’m hoping we will have our mortgage paid off in less than seven years (instead of 26 years!)
It’s a classic flip flop long game that the banksters have perpetrated against the people. Firstly we were enticed out of our original village/ rural communities where we actually had security in that everyone looked out for each other, we had self sustainability in that we grew and reared our own meat, neighbours looked after the less fortunate and we were pretty much independent of any government legislation. We weren’t reliant on banks or credit because of this or Supermarkets which allowed the baker the butcher and the dressmaker the candlestick maker to prosper ( but not to the point of exclusion from their peers or communities) We were essentially Unmanipulable untouchables and they lured us out of this stronghold position with the promise of wealth, knowing full well how they would let us rise and then take it all back leaving us in the position we all find ourselves in today, hello FLIP FLOP.......basically then at their mercy, unable to do anything to make money independently without a licence for this that or the other, and the most hilarious is how we can own land and have to apply to the local councils for permission to live on it ! What a joke ! Imagine how we would have prospered if left to our own devices by now ..................community ideology that actually benefitted the people............. The answer lies in the past around about the time of the books Lark RIse to Candleford. They said the industrial revolution was Progression - it wasn’t it was a degeneracy and they knew it. Now we must give up their original dream for us as it was a ploy, to weaken us, we need to recognise this and move back towards the independent, self sustainable communities we once had, but were conned out of.............forget cars, forget credit forget keeping up with the Joneses; the Joneses are a dying breed, we should abandon that ship immediately. Forget school places for your kids and all the indoctrination that is prerequisite to that, your children need you, and need to learn about crops and living in family based communities again......basically we need to regress back to when we were together and could easily take care of are own elderly and young and sick......................no more credit or inflation or pipe dreams for the banksters to manipulate us with.....
Kaizoku Mugiwara you're right- hillary is just a simple megalomaniacal beard. warren is an ENTIRE bundle of LIES who knows nothing but parroting marxist dialectic trash about spreading wealth around while occasionally boasting of her synthetic redskin lineage- she's such a success!! warren is also a much better hypocrite than clinton, having built a nice chunk of wealth flipping bankrupt homes in flyover country while being "consumer watchdog" to............... residential bankruptcies
postaltraining Can't use the PC incorrect term of Redskin. Are there Nazi Redskins, I think that is her family The Soviet Redskins. She hates business and seems to be on the same page with Obama, You didn't build that! She is more than welcome with the Berkley liberals.
I first saw this vid on RUclips in 2007, sometime in the spring of 2008. My first thought was, "wow, in 30 or 40 years, this thing could really be a problem." Fast forward a few months later, and Lehman Brothers was (publicly) circling the drain. Dr. Warren was absolutely right, with one exception -- when all those moms enter the workforce, there is a surplus of labor, which keeps the wage scale down.
Hi Cllass, this is Lina; I think professor Warren strikes a middle point between performance and communication orientation. She delivers an economy topic where lots of numbers and facts and explatation are memorized (performance) but whe is such an expert that can deliver the explatations naturally, making pauses, intonations, clarifications that balances the presentation towards the "communication" style
I believe that I like this speech better than the past few because the presenter has credibility, she knows what she is talking about and wants us to know it too.
My parents didn't believe in college. So, in order to go to college in 1975 and qualify for PELL grants and a complete student age package, I had to wait 8 years after I turned 18 and prove to the state that I was on my own. And I had to prove that my parents would never ever spend a dime toward my education. Somehow, I was finally approved. I'm bringing this up because Ms. Warren is assuming that genius students have a family that will do anything to support them. Ha Ha! I'm glad YOU DID Elizabeth but not so for many of us who just knew that college was the only way out of demeaning low-paying drudgery jobs but we had NO MONEY to go to college and ZERO family support. Don't forget about people like us. Thank you Pennsylvania for giving me a college education!!
+Patricia Leary and some of us in this same scenario (my folks' income topped $300/k per yr in today's dollars) had to take out student loans. After 2008 this has meant many are in default.
Margaret W Warren is just another hypocritical progressive 1%er She teaches law at Harvard ...one class at a cool 400 thousand per year. Oh.....she doesn't even have a license to practice law. Warren claims to be Cherokee Indian ..... the 1/32 is at best flimsy. She admitted she wasn't even Cherokee Indian at all. Though she used her minority status to advance her career in academia for two decades..... early on in her ordinary career she claimed her false minority status in order to get the coveted harvard professorship.....,as we all know harvard was under great pressure to diversify. She quickly halted her false minority status shortly thereafter.The Cherokee have a big problem with her lying about her heritage in order to gain an advantage.When asked to meet with a delegate from the Cherokee Nation.......she refused to meet ...... still does refuse. She's a complete fraud and truly a bumbling idiot when asked to explain herself. Not racial purity police....just calling out a compete fraud who's career is steeped with stepping on anyone to attain her lofty goals. She's pathetic at best
From Coursera Public Speaking course, what notice about Elisabeth Warren's lecture is a blend of communication and performance. She moves within the continuum. I must say that she has mastery of the content and her lecture is insightful.
Why the fuck is everyone discussing whether this is a communication orientation or presentation orientation instead of what she is actually talking about?
In 1970 through 1995 X Mas budget for avg family use to be any where from $500 to 1500. Companies use to throw lavish parties and in fine hotels with bonuses and gifts for employees. But after 1995 I personally saw that declining. Companies stopped having X mas parties, exchange of gifts stopped with friends, now it is only emails and phone calls or close families getting together for dinner. Even the garbage collection agency noticed less gift wrappers in the dump. America is not the same like it use to be. It is because of out sourcing of manufacturing and jobs and Elizabeth is absolutely right.
This speech is between performance and communication oriented, but it prevails on comm. oriented one. It is not so much interactive, she does not involve audience so much, but it has elements of communication oriented speech because it is explanatory, it has strong diction. She uses words like "Listen", "So there was..."
Thank you Senator Warren, for this important, informative, interesting, and, even now, timely presentation. Our government desperately needs more like you!
after the crises, of all the clips I've seen of the economists and what have you, this is the only person making sense and being realistic and I want to add that all those so-called economists can kiss the boots of this woman
Interesting to see the difference between now and 2003, isn't it? 15:13 We spend 30% less than in 1970 on cloths, 18% less on food, 52% less on appliances. And that was 10 years ago. Today we can only guess this has continued to go down since.
+Dancing Dark - If you'd really like to see how much we've progressed have a look a the CPI website. It adjusts inflation and cost of living. Put the year in you started working and what you made then. It's very interesting. www.bls.gov/data/inflation_calculator.htm
pjamesbda Yes it is a little interesting. Unfortunately these 'calculators' rely upon the stats from OUR government. According to the calculator 100 bucks in 80 is now worth 287.... sorry just not so. i like the loaf of bread calculator...personally. In 1980 I paid 1.00 to 1.20 but in today's major chain that same loaf is 4.50 to 5:00 bucks which is apprx. 400 to 500 percent so why are the two so far off??? I tell you why, for the same reason the SS admin. for the year 2015 determined there was NO INCREASE in the cost of living what so ever and there for there was NO adjustment in SS payments to retiree's checks. Is this feasibly possible.?? ah NO. How these figures are determined are to support the governments agenda not yours or the truth's. In 1970 I purchased a new car. I paid 2100 bucks for it. A new car today does not cost the 287 per cent of inflation from your calculator even with the missing 10 years in the calculation. If I were to pay for a new car today it would be in the neighborhood of 17,000 to 21,000 bucks. and that's 1235 oercent increase... Wo where the fuck does your calculator get its figures??? It's like unemployment figures they are dependant upon who is currently looking for work and registered with a government agency... totally excluding unemployed that are not looking cause they gave up and unemployed that are looking but not registered with a government agency. Jobs created, how the fuck is that one calculated? omg it goes on for ever this hoodwinking... And I'm going to suggest something you will consider OUTRAGEOUS.. It is so you and I and Joe Blow will have children... 1. All governments are self serving. 2. All governments are dependant upon their citizens products and taxes. 3. The more numbers are paying and working the more stable the government. 4 Reproduction is the BASIS of the population the government is dependent upon. 5. Reproduction, the number one issue of the formula, is the very most important integer in the formula. 6. When reproduction of a society is theatened the ruling organization is the MOST threatened aspect of it. If you think your dollar is worth more you will reproduce. and if you think there is not a threat to your future but a surplus awaits you you will reproduce and whether you survive or not is inconsequential to the equation.
Charlie Hutch It'll probably be quite a shock (as I do the same thing you just did - and assume everyone on YT is like 25) I'm retired, and over 60. Yes, I have no faith in anything either. So there are no gov. stats we can trust...but I might be an old turnip, but I'm not rotten yet. I was born in '52 so I've done the same thing you have: 1952 Car: $1,850. Gasoline: 29 cents/gal House: $17,500 Bread: 16 cents/loaf Milk: 94 cents/gal Postage Stamp: 3 cents Average Annual Salary: $4,700. Minimum Wage: 75 cents per hour 2014 Car: $28,400. Gasoline: $3.00/gal House: $221,800. Bread: $3.00/loaf Milk: $3.50/gallon Postage Stamp: 44 cents Average Annual Salary: $40,711. Minimum Wage: $8.00 per hour Ratio Car: 15x Gasoline: 10x House: 12x Bread: 19x Milk: 3x Postage Stamp: 15x Average Annual Salary: 8x Minimum Wage: 11x >>>>> I did this in 2014 (hence the gas price issue) and that's precisely why - all things being equal, I think it has significant merit, and explains a lot of issues. After all, it was just 1970 we went off the gold standard.
+pjamesbda I did a calculator thingy on my gov page for retirement...it said I need to save 90% of my income to retire at 65 LOL! Good luck! That's not even taking in to consideration that when I'm 65 there won't be any gov pension money left. Life is a sick joke, lucky your already retired:)
I read sometime somewhere that according to history that economic collapse occurred time after time when the population bloat the city and empty the rural areas
Not even possible. Cities have always grown and then slowed... But what your imagining would be that the cities just depopulate and that doesn't happen. People filled the cities at the exact same time as the farms. The farms rely on the city, and vice versa. Nobody wants to just live on what they eat. That's why money exists. But money's kind of a weird thing and if people have a lot of it they can abuse it and make big mistakes on with it and that can cause collapses.
what too many fail to realize is that both the elitist liberals and the elitist conservatives are corrupt. both the republican party and the democratic party are corrupt. the elite, whether on the left or right, are pursuing the same goal; THE CONTINUED POWER OF THE ELITE! people haven't figured out what equalism HAS figured out - capitalism leads to big business AND big govt to the detriment of all of society BUT the elite! big govt is needed to protect the wealth and power of the elite. also, the elite DON'T care if we're dependent on them through business or govt as long as we're dependent on them. under capitalism business and govt work in symbiosis to oppress and enslave us ALL! this is what equalism calls Econo-dynamics and both the intellectuals on the left who support big govt and those on the right who support big business don't want you to see the world this way; as it really is. one side says big govt protects us from big business and the other side say big business protects us from big govt! THEY'RE BOTH LYING TO US!
My god, I want a Warren/Bernie ticket. Warren’s advanced knowledge of economics and Bernie’s populist approach to bringing about change would be a dream. If I could only have one, it would be Bernie. Not because I think his policies are better but because his approach is more likely to work.
My two middle class sons spend very differently. The older one is deep in credit card debt, bought a big fancy house in an expensive area and one very pricey car. He bought his house when prices were high and is now doing experience expensive remodeling and buying high price furniture. He has next to no savings although he is nearly fifty and should be thinking about a retirement fund. The youngest is forty and owns two homes, one big nice but not fancy one and the other a moderate home at a low price. He has a truck for hauling, a travel trailer so he can safely travel during a pandemic and a small car, all newer used cars. He always has a good size savings which he adds more to with every paycheck and no credit card debt. He pays it off each month before his payment comes due in order to avoid interest. He buys inexpensive furniture, much of which is lightly used. You would never know to look at it that it wasn't new. He did buy a new expensive couch for his living room and a large screen TV with Netflix instead of cable. Both have excellent electronics since that's their livelihood. They make about the same amount but their spending habits make all the difference in the world.
We don’t control large economic forces; humanity is just along for the ride. The best you can do is optimize your own situation. Seriously, avoid taking on any debt except a mortgage, especially the ridiculous car loans most people have.
Coursera Public Speaking student here. I'd say this is leaning towards communication orientation, with the aid of a loose script. She communicates her ideas in an interesting, organized fashion, and the use of visuals really ties it together. Her voice is somewhat soft, but she changes her tone well, and keeps interest in what she's saying.
I was referring to the way she said everything that she had to say. Not to the actual material. There's absolutely nothing funny about the collapse of the middle class, and yet she managed to inject some humor into it.
I advice folks to look at some of the You Tube videos on Hillary and Bill Clinton's background. I admit until I saw those you tubes and followed up with research, I respected them. But the criminality in their closet is enormous. Elizabeth Warren from what I have seen thus far shows someone who has been fighting for the American people and really addressing the issues that affect the American people. We need some one who is not just trying to charm us but to aid us. So, now I am attempting to learn all I can about Elizabeth Warren and hope she will run for president in 2016.
listen to what chris hedges says about clinton. they are both corporatists and you would be foolish to vote for them. clinton: -deregulated the banks -NAFTA -WTO -welfare "reform" so americans only get $133/mth -first democrat to raise as much corporate money as republicans -cant remember the rest
EW is a straightforward, good 'ol fashion smart cookie who totally blows away all the midget minded tea party farts. A data driven breath of fresh air.
and a big time hypocrite just like bernie sanders, another reason why I Quit the democratic party and don't get me wrong, the republicans suck too, i'm a libertarian and a U.S. Constitutionalist. i'll vote for libertarian or constitution party.
The dem party is vibrant/strong enough to accommodate the desires of anyone who chooses to "quit the democratic party" because of eliz warren or bernie sanders. c'est la vie. it's a free country. we wish you well. sincerely
Nádia Santos I agree with you on Communication orientation. But I think she wrote the script for ears by using questions "what happened", "oh, but something went up", "tiny little fraction (using gestures)". The structure and content was so clear that it couldn't be spontaneous.
Bingcheng LUO I agree.I think she was really familiar with the script ,I can see it when she was introducing the information from those charts.And the script was wrote for ears .This speech is just great.
March Leo Lecturing using both slide and oral explanation but not fully connected to the audience. I would rather put her speech in the middle of the continuum between performance and communication orientation.
Nádia Santos along the continuum between communication and performance orientations, I'd say she is more of a performance oriented speaker who has just about the right mix of communication that prevents her from being totally performance oriented.
I first became aware of Elizabeth Warren in the documentary "MaxedOut". I knew that there was something special about her and her ability to not only understand difficult concepts, but also an in credible talent in explaining them too. I definitely look forward to seeing how far she can get in the presidential race, right along with Mayor Pete.
Hi guys , i consider this its a combination of performance orientation and comunication orientacion but its more inclined to a comunication orientation speach
José Vega yeah .that's exactly what i thought .at first i thought it was only communication orientation but then she was reading the survey and explaining it so it's a bit performance orientation
+José Vega i think it's more performance oriented, she has practiced this speech several times before, and made it sound like communication orientation. Performance orientation also because she is seeing points off the screen, and speaking like she memorised what to say.
I love that Elizabeth Warren is so down-to-earth, kind of dorky and nerdy and not "cool". She is so the opposite of a typical politician and I believe everything she says. TOTAL CREDIBILITY.
Hi everyone, in my opinion, she is communication oriented. She she is interactive. She is not reading manuscript. She is speaking with the audience. Ideas arranged very clearly. She knows the content deeply.
I am a Coursera student.I think the speech was somewhere in betweeon performance and communication orientation.She was presenting the facts with the help of slides and communicating the facts in her own style to the audience.Good example of the interface
same thing as consumerism continues to skyrocket, we are debt slaves. When everyone shreds their credit cards this will stop. dont blame anyone but ourselves for being so dumb as to believe we can borrow from tomorrow.
Good comment Alice. You are right about people paying for today by borrowing from tomorrow. But it's not just consumers since the government creates debt which must be paid for by the average person. That debt is what is referred to as a budget deficit which takes some of your wealth by effectively making a loan you don't even know about and uses it''s value to pay for government programs including defence spending, welfare, and other social programs etc. The normal person cannot do this becauuse when they overspend they need to pay it back or be sent bankrupt and or to jail. When government overspends the normal wage earner suffers the cost by since there is no actual person named " Mr or Mrs Government" to pay the money or jail if they don't.
Lets not forget the defacto repeal of usury laws by the Marquette Decision in 1978. This faustian bargain produced considerable economic growth and allowed many to have access to credit, but in the end, it drove the lower 80% into debt slavery. Now having a credit payment is the norm not the exception and we are in a self-destructive spiral. No matter what we do to fix this economy, a re-instatement of usury laws nationwide must be a cornerstone of reform.
Tre Gibbs You are not capitalist just because you say you are. Capitalist is a movement and an idea. USA is less capitalist today than 100 years ago. Capitalism is about freeing up markets wherever possible. Not protectionism in all it's forms. The USA is too protectionist big brother and that is the main weakness. These ineterventionist protection ideas fall down in most cases and do not produce effective results. This protectionism relies on big government and big government stifles economies.
you are so dumb,people aren't consumerists consuming more on credit.they are forced to spend more on essential costs like housing forcing them to take on more debt.that was the whole point of the talk moron.
A better argument for a childfree lifestyle or for a single lifestyle. I (middle aged male) never married or had children. I intuitively did the maths.
coweatsman same here buddy, and I live in New Zealand! but I could still see the writing on the wall, now most of my mates who got married are divorced, huge house debt, paying out ex wives, kids education etc etc....I never wanted any of that, and for me it was never really a choice.....
coweatsman You are correct. There is NO place anymore for marriage or children in the Western world. Period. Both are economic and emotional disasters.
coweatsman people with kids who are too young for public or private school have told me that daycare costs about 500 dollars a month and so a lot of those people have at least one spouse staying at home with the kids
+psycronizer rationalization at its best.....good job glad you didn't reproduce...yes im insulting you...we definitely need less of those who cannot even understand themselves.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
One of the best things she's done before entering politics. A brilliant and unbiased presentation using historical data that has stood the test of time.
Yeah, in congress she can vote yes on spending bills that keep making the dollar worth less.
lol, so its been 16 years later. somehow, the middle class hasnt collapsed. however, government spending and deficits are through the roof and WAY WAY more of the cause for inflation vs. a bunch of families making more moeny than they should. Ridiculous logic by the left and promoting more regulaitons and bigger government to help people when the exact opposite is proven to be true. Hope elon musk basically removes 50% of the government
I'm an adult student that is sitting out a semester to find work. I got laid off before I decided to go back to school. I just came back from the Salvation Army to see if they can help me pay my electric bill (they will do that if you didn't know). I bought a bicycle yesterday at a thrift store for $20, because I cannot keep paying gas prices. I have not bought any new cloths for over a year, and the last thing I can remember buying was a pair of jeans for $8 at Rural King. So I love it when rich people say "you got to just learn to live within your means and stop wasting money on frivolous things."
Would you think of moving? Maybe to Europe?
you understand that most countries won’t have us unless we’re young and highly educated or rich, right? Even then it’s often not enough.
You must ask everyone you know to vote blue, Biden has promised many programs to help the lower and middle class to live better conditions with essential programs providing basic needs for everyone. Healthcare, senior care , child care, better paying jobs. Go vote, it is still a right we have and we must use it to make sure Republicans will no longer have the power to take away those rights, along with abortion rights to women whohave reasons for not wanting to give birth to a child coming from a rape, incest or health issue that might take her own life away.
🔵🔵🔵🔵🔵💙🧢is the only way to vote to save us but also TO SAVE OUR COUNTRY.
Byron. I got nursing degree at 40 yrs old. Before that I couldn't make ends meet . Not much clothes etc. But having learned to live frugal now when I got a good job as a nurse I found I still go to a salvation army and find a lightly used quite good lightly used clothes. I lived frugally tilI I could pay off a house. I'm never ashamed of living frugally. A penny saved is a penny earned. They all add up. Dont give up all of life's lessons add up. Keep hope
Especially when they get rich by helping themselves to taxpsyers money by scamming the treasury with busineses diguised as foundations, charities and other.
Lecture starts at 6:21
This lecture is the most insightful look into what has been happening to families over the past decades. She hits every major point with ease of articulation. She's brilliant.
Shes a witch now . Shes the most obnoxious person these days
And you're delusional
@@unclefester9113 How is that "delusional"?
Not many people talk about this dark underbelly of our country's current economic situation and I am grateful for this video.
and this was before the great recession. Warren called it.
Sophie Reed not taking anything away from warren, but this was not a particularly difficult thing to do for anyone who has been paying attention to what was happening at the time. Unfortunately, it seems we are headed towards another recession once again. We can thank market capitalism for that
Laurent you are a moron we are in market capitalism .
@Laurent look up neoliberalism. there's been massive deregulation since the 70s, if you think there's been a state takeover of the economy prior to 2008 you are seriously mislead, from what it seems you're a 14 year old self proclaimed ancap/libertarian who's very new to politics
@T South
If you like Warren, the you'll LOVE Richard Wolff and his views on Companies and Jobs moving overseas.
He'll break it down in a way Warren never will.
@@newkid9807 If by 'we' you mean the 90+% of us. The very wealthy among us enjoy the benefits socializing their expenses and externalities.
Same in Europe. There are more and more very rich and more and more poor people while middle class is shrinking.
+GNU/LINUX In Europe, same as here next...there will be a more controlled situation,(socialism) applied on European and American society, just to couple better while WW3 goes on...WW3 will be way, but way a bigger issue, compared to what it was in the 1960/70s with Vietnam, and see how bad society complained again'ts the U.S. government in those days, so, now, our government is trying to prevent those in WW3...oh by the way, WW3...coming to a theater near you and me, starting very slowly in 2017, but finishing before 2064...sounds crazy right??...well, just wait and see it by yourself. Crazy and paranoid Joe, has been telling people this for some time now...the mighty Authority bless the U.S.A.and Europe on that mission...
Because more people in the middle class bracket are moving up into the upper income bracket,
which is a good thing.
@@jonatanranthe9589 Much more of them are becoming poor.
@@jonatanranthe9589 paying higher taxes = less savings northern Europe and Australia have highest household debt in world
@@karlosdaniel6537 sadly true
This is a classical example of a Communication Oriented Speech, very well delivered involving the audience.
It should be "The Ongoing Collapse of the Middle Class" now.
+elfboi523 Actually the middle class is now officially a minority she was right. The war in Iraq led to the destablized the entire region Bernie was right.
+Uno G The warning sign should have been noticed during the Clinton Administration when the definition of "Middle Class" was re-defined as incomes exceeding $100k as stated by Bill Clinton. I remember his stating this. I wonder if people really understand what really defines "Middle Class" by today's standards.
Ray Pointer
That's a good point now it seems anyone with steady employment above the minimum pay is middle class.
The issue that is never brought up is that things cost too much.
Ray Pointer
The issue is that wages are too low. The issue is that wealth is concentrated in the hands of a small elite.
Well, she was right.
@ I realize facts do not change minds, so this is likely for naught, but:
1) Illegal immigrants are not eligible for welfare- this is from actual immigration lawyers and not Faux News.
2) A wall is a waste of money, as most illegal immigrants fly over and overstay their visas (like Melania). Planes ----> walls. American citizens actually living on the border do not want a wall, especially as it requires the government seizing their private property. I thought Republicans were supposed to not like that.
3) The pathway to legal immigration must be made less onerous (maybe not as easy as it was in Ellis Island days- i.e., "get on a boat while white"; poverty doesn't matter; no one would know if you murdered somebody back in the Old Country), but less onerous nonetheless.
@@stanloretta92 "A wall is a waste of time". I didn't know you were an expert in border walls. Could you give your phone number here so I can pass it to the committee? America allows a million people to enter the "US legally. The illegals have no right to be here. I have no right to suddenly enter your house to live there because it's better than mine, right?
Bran Evans it actually affects low income people and that is in the short-run.
No she was not
Bill Clinton exports US jobs by granting China Most Favored Nation status. Congress/Senate export jobs with NAFTA. Nutter Leftist like Warren drive the cost of production in the US up to uncompetitive levels with entitlements.. Healthcare.. Huge taxes for Business. Don't wake me up til Warren's car is found driven off a cliff and a sad story is delivered to her family.... Idiot who couldn't balance a checkbook.
This video is all the more relevant in 2024. She was 100% correct
Warren's speech begins at 4:57.
The substance begins at 6:20.
One thing that she hints at - but which I have long proposed and wrote a paper about (though I had less statistics than Warren but childcare, housing, two cars and insurance were apparent) and that is how big business and the banks etc., took advantage of women's liberation by making it necessary for women to work - not doing so by choice and to stretch their new opportunities, for the most part, but out of sheer economic need. Money finds every opportunity to exploit. While the right used the issue to make women and men by extension to feel shame and guilt over circumstances beyond their control.
Linda Claudine
Read Runaway Inequality by Les Leopold and America: What Went Wrong by Donald Barlett and James Steele. 2 books that chronicle the laws that were passed by congress and signed by presidents enabling Wall street deregulation.
what is the link to your paper? would love to give it a read
@T South Where is the evidence for that?
And the left uses shame and guilt against any woman who deigns to stay at home, create a strong family, etc. It is not only economic need that forces women into the workplace, it is also guilt. I know more than a few women who when not working, dread that question, "so what do you do?". Both sides use shame, and yes, money does exploit. Take a look at the wealthiest zip codes in America. DC and surrounding regions, New York City, the Bay area, Denver, Seattle, etc. They are all democrat strongholds. Money is democrat. Free your mind from the right left trap. That is solely to pit us against each other so we don't see we have more in common that different, and then focus on money and DC.
This Elizabeth needs to show up at the next debates.
She's too pissed off now for all her losses
@RED PILL PORTAL what is wrong with you?
Losses yes, but she's brilliant and still the greatest advocate for the middle class that we've ever had in this generation.
Need an updated version of this
She’s focused on social media these days.
WE DIDN'T LISTEN
Warren is aiding in the killing of the middle class. Her healthcare cost would skewer the middle class like a bullfighter.
We're still not listening!
Velvet Rose oh please 🙄
Closeoutracer, health care costs are already skewering the middle class. Things are a little better now than they were at the time of this lecture, thanks to the Affordable Care Act (💙 Obama), but they could definitely be improved further.
Still not listening. It’s too late we’re screwed lol
This lecture is from 2007, and with the exception of the onset of the effects of the Affordable Healthcare Act, everything is worse today. It's important to go through the demographic-set body of the lecture to really appreciate and have a vision for the far-more universal points Warren makes in the concluding five minutes. Worth watching, this was when she was a Harvard professor (I guess she still is?).
Her book "The Two-Income Trap" points out how it often makes more sense for one parent to stay home and be a full-time mom (or dad) rather than earn two full-time incomes. In part this is because of the high progressive income tax rates, job-related and daycare expenses, and the cost of maintaining, operating, and insuring a second vehicle.
Yes this is good especially if children young.
Wow, Im glad I found this video. This puts a lot of what's going on today in a perspective about the dept issue we have in this country. Very informative.
Except she is an O cultists and participated in the destruction of the Middle Class. (Spell error is deliberate)
I'd like to see an updated version. I bet the graphs of debt and and cost of living would spill off the powerpoint pages. Things have gotten much worse since 2007, especially with the healthcare garbage that has been shoved down our throats in the past couple years.
I am here from the future... it gets worse.
I am old enough to remember when we had a real middle class. I can't understand why people aren't out in the streets protesting, boycotting Walmart and the big banks? Why let the super wealthy just have everything?
The issue isn’t big business. Big business are the RESULT of big federal reserve balance sheets now at 9 trillion and 40 years of ever lower interest rates. This may finally be coming to a close either through high inflation or a depression. It’s hard to see how they keep the Ponzi scheme going. Read the book creature from Jekyll island. Politicians and big bankers met to make the federal reserve. The middle class would be way better off if gold was used to force the government to live within its means.
Because it doesn’t do anything..they do not listen once those xtra zeros are in bank account
I’m still going to protest tho because that’s what my great grandmother..my mother..and my self must do for whomever comes next.
Let's just say that the 1980's Trickle down theory that lowered the top 1% tax rates from 70% to 39% and bigger loopholes that benefited only them worked to create more jobs, we would have been drowning in jobs. Yet under employment and unemployment have been climbing to historical highs.
In 1980, we should have taken over the government. Reagan no longer had taken the best interest of the country. By lowering the taxes on the rich, he knew he was ruining the country. High taxes on the rich,is the only way that the capitalistic system will work for everyone.
THIS is the Warren I support
@@annbrucepineda8093 huh?
She is a sell out to Joe Biden and Hillary
@@jsiszero who really knows sir
an educator is what I would consider her " style"
This lady rocks! I know she is telling the truth because I have been living this for over 25 years. With 6 children. One income. Always prioritising the soul of the family over the 2 incomes.
So so amazed!! Currently stuck in this trap. Hoping to pivot soon.
Same here! I’m 34 and have three children. I stopped working as soon as my first child was born. Should have quit sooner! My oldest is twelve and my youngest is two now 😊 We have one vehicle and never have to pay for child care. I also homeschool so we can live wherever we can afford to live. Our house has literally doubled in value since we moved in, in 2019! My husband did not go to college so we never had to pay that debt for him. I went to an expensive art school for about six months and nursing school for about four months. Paying those debts off made life so much more difficult in our first years of marriage!!
We still pay too much for health care, too. And spent more than we needed to on our vehicle. We are now learning about Velocity banking. We are going to sell our car and buy a used vehicle with cash from our tax refund. With Velocity banking, I’m hoping we will have our mortgage paid off in less than seven years (instead of 26 years!)
It’s a classic flip flop long game that the banksters have perpetrated against the people. Firstly we were enticed out of our original village/ rural communities where we actually had security in that everyone looked out for each other, we had self sustainability in that we grew and reared our own meat, neighbours looked after the less fortunate and we were pretty much independent of any government legislation. We weren’t reliant on banks or credit because of this or Supermarkets which allowed the baker the butcher and the dressmaker the candlestick maker to prosper ( but not to the point of exclusion from their peers or communities) We were essentially Unmanipulable untouchables and they lured us out of this stronghold position with the promise of wealth, knowing full well how they would let us rise and then take it all back leaving us in the position we all find ourselves in today, hello FLIP FLOP.......basically then at their mercy, unable to do anything to make money independently without a licence for this that or the other, and the most hilarious is how we can own land and have to apply to the local councils for permission to live on it ! What a joke ! Imagine how we would have prospered if left to our own devices by now ..................community ideology that actually benefitted the people............. The answer lies in the past around about the time of the books Lark RIse to Candleford. They said the industrial revolution was Progression - it wasn’t it was a degeneracy and they knew it. Now we must give up their original dream for us as it was a ploy, to weaken us, we need to recognise this and move back towards the independent, self sustainable communities we once had, but were conned out of.............forget cars, forget credit forget keeping up with the Joneses; the Joneses are a dying breed, we should abandon that ship immediately. Forget school places for your kids and all the indoctrination that is prerequisite to that, your children need you, and need to learn about crops and living in family based communities again......basically we need to regress back to when we were together and could easily take care of are own elderly and young and sick......................no more credit or inflation or pipe dreams for the banksters to manipulate us with.....
How about stopping congress from all the fraud spending to stop the inflation that is making us poor?
You tell'em Jenny. Hope you are well.
The elites are not commited to the west. Have you heard of the mouse utopia?
That was a great lecture for Elizabeth Warren. Elizabeth Warren 2016!!
really? warren 2016? maybe woman should be paid less.
Marcus Porcius Cato TheYounger Better than Criss Cristy or Hilary.
Kaizoku Mugiwara Better, in the sense of being more open about her Alinskyite agenda.
Kaizoku Mugiwara
you're right- hillary is just a simple megalomaniacal beard. warren is an ENTIRE bundle of LIES who knows nothing but parroting marxist dialectic trash about spreading wealth around while occasionally boasting of her synthetic redskin lineage- she's such a success!!
warren is also a much better hypocrite than clinton, having built a nice chunk of wealth flipping bankrupt homes in flyover country while being "consumer watchdog" to............... residential bankruptcies
postaltraining Can't use the PC incorrect term of Redskin. Are there Nazi Redskins, I think that is her family The Soviet Redskins. She hates business and seems to be on the same page with Obama, You didn't build that! She is more than welcome with the Berkley liberals.
The term "Inflation adjusted" should be changed to: accounting for the depreciation of your money.
I first saw this vid on RUclips in 2007, sometime in the spring of 2008. My first thought was, "wow, in 30 or 40 years, this thing could really be a problem."
Fast forward a few months later, and Lehman Brothers was (publicly) circling the drain.
Dr. Warren was absolutely right, with one exception -- when all those moms enter the workforce, there is a surplus of labor, which keeps the wage scale down.
Reid Butler big business goes hand in hand with gov - low wages although bigger tax money
I saw it in 2007 also. I've been a fan of Warren since.
Hi Cllass, this is Lina; I think professor Warren strikes a middle point between performance and communication orientation. She delivers an economy topic where lots of numbers and facts and explatation are memorized (performance) but whe is such an expert that can deliver the explatations naturally, making pauses, intonations, clarifications that balances the presentation towards the "communication" style
I believe that I like this speech better than the past few because the presenter has credibility, she knows what she is talking about and wants us to know it too.
I always enjoy listening to Elizabeth Warren.
Items of Interest Ditto. She’s mesmerising and interesting at the same time.
My parents didn't believe in college. So, in order to go to college in 1975 and qualify for PELL grants and a complete student age package, I had to wait 8 years after I turned 18 and prove to the state that I was on my own. And I had to prove that my parents would never ever spend a dime toward my education. Somehow, I was finally approved. I'm bringing this up because Ms. Warren is assuming that genius students have a family that will do anything to support them. Ha Ha! I'm glad YOU DID Elizabeth but not so for many of us who just knew that college was the only way out of demeaning low-paying drudgery jobs but we had NO MONEY to go to college and ZERO family support. Don't forget about people like us. Thank you Pennsylvania for giving me a college education!!
+Patricia Leary and some of us in this same scenario (my folks' income topped $300/k per yr in today's dollars) had to take out student loans. After 2008 this has meant many are in default.
good for you.
37:16
38:14
47:37 - Bankruptcy
48:39 - Bankruptcy with children
thanks
Watching this in 2024. This woman also deserves the title of prophet.
She would make a great supreme court justice
+Gregarious Antithesis or VP
Kyrie Irving Yes I have been saying that forever and unfortunately she doesn't want the job.
+Gregarious Antithesis Fauxcahantis could be our first Native American Female SCOTUS member.
Boris Berejan, Senator Warren is 1/32 Cherokee same as Bill John Baker, Principal Chief of the Cherokee Nation. Who are you, the Racial Purity Police?
Margaret W
Warren is just another hypocritical progressive 1%er
She teaches law at Harvard ...one class at a cool 400 thousand per year.
Oh.....she doesn't even have a license to practice law.
Warren claims to be Cherokee Indian ..... the 1/32 is at best flimsy.
She admitted she wasn't even Cherokee Indian at all.
Though she used her minority status to advance her career in academia for two decades..... early on in her ordinary career she claimed her false minority status in order to get the coveted harvard professorship.....,as we all know harvard was under great pressure to diversify.
She quickly halted her false minority status shortly thereafter.The Cherokee have a big problem with her lying about her heritage in order to gain an advantage.When asked to meet with a delegate from the Cherokee Nation.......she refused to meet ...... still does refuse.
She's a complete fraud and truly a bumbling idiot when asked to explain herself.
Not racial purity police....just calling out a compete fraud who's career is steeped with stepping on anyone to attain her lofty goals.
She's pathetic at best
From Coursera Public Speaking course, what notice about Elisabeth Warren's lecture is a blend of communication and performance. She moves within the continuum. I must say that she has mastery of the content and her lecture is insightful.
now we are a 3rd income family,futures so bright i gotta wear shades
Is it a coincidence it was uploaded exactly 13 years ago and now RUclips is recommending it to me?
Great lecture. Wondering why these areas now cost so much more? Not simply that they do.
Why the fuck is everyone discussing whether this is a communication orientation or presentation orientation instead of what she is actually talking about?
+Jonathan Doucette www.coursera.org/learn/public-speaking/supplement/u4rVd/example-speakers
I was wondering the exact same thing.
In 1970 through 1995 X Mas budget for avg family use to be any where from $500 to 1500. Companies use to throw lavish parties and in fine hotels with bonuses and gifts for employees. But after 1995 I personally saw that declining. Companies stopped having X mas parties, exchange of gifts stopped with friends, now it is only emails and phone calls or close families getting together for dinner. Even the garbage collection agency noticed less gift wrappers in the dump. America is not the same like it use to be. It is because of out sourcing of manufacturing and jobs and Elizabeth is absolutely right.
Yes she is.!!
Everybody else who is here to troll, better remember this quote “Whoever is trying to bring you down, Is already below you”
STFU Troll
This speech is between performance and communication oriented, but it prevails on comm. oriented one.
It is not so much interactive, she does not involve audience so much, but it has elements of communication oriented speech because it is explanatory, it has strong diction. She uses words like "Listen", "So there was..."
Thank you Senator Warren, for this important, informative, interesting, and, even now, timely presentation.
Our government desperately needs more like you!
She was a GOP then and representing Monsanto against women. Monsanto got millions from hurting women
She’s a fraud.
after the crises, of all the clips I've seen of the economists and what have you, this is the only person making sense and being realistic and I want to add that all those so-called economists can kiss the boots of this woman
Interesting to see the difference between now and 2003, isn't it? 15:13 We spend 30% less than in 1970 on cloths, 18% less on food, 52% less on appliances. And that was 10 years ago. Today we can only guess this has continued to go down since.
I just heard Americans are paying more in taxes than food and shelter! Yet the economy is splendid...anyone saying otherwise is peddling fiction! Lol
+Dancing Dark - If you'd really like to see how much we've progressed have a look a the CPI website. It adjusts inflation and cost of living. Put the year in you started working and what you made then. It's very interesting.
www.bls.gov/data/inflation_calculator.htm
pjamesbda
Yes it is a little interesting. Unfortunately these 'calculators' rely upon the stats from OUR government.
According to the calculator 100 bucks in 80 is now worth 287.... sorry just not so.
i like the loaf of bread calculator...personally.
In 1980 I paid 1.00 to 1.20 but in today's major chain that same loaf is 4.50 to 5:00 bucks which is apprx. 400 to 500 percent so why are the two so far off??? I tell you why, for the same reason the SS admin. for the year 2015 determined there was NO INCREASE in the cost of living what so ever and there for there was NO adjustment in SS payments to retiree's checks.
Is this feasibly possible.?? ah NO.
How these figures are determined are to support the governments agenda not yours or the truth's.
In 1970 I purchased a new car. I paid 2100 bucks for it. A new car today does not cost the 287 per cent of inflation from your calculator even with the missing 10 years in the calculation.
If I were to pay for a new car today it would be in the neighborhood of 17,000 to 21,000 bucks. and that's 1235 oercent increase... Wo where the fuck does your calculator get its figures??? It's like unemployment figures they are dependant upon who is currently looking for work and registered with a government agency... totally excluding unemployed that are not looking cause they gave up and unemployed that are looking but not registered with a government agency.
Jobs created, how the fuck is that one calculated? omg it goes on for ever this hoodwinking... And I'm going to suggest something you will consider OUTRAGEOUS..
It is so you and I and Joe Blow will have children...
1. All governments are self serving.
2. All governments are dependant upon their citizens products and taxes.
3. The more numbers are paying and working the more stable the government.
4 Reproduction is the BASIS of the population the government is dependent upon.
5. Reproduction, the number one issue of the formula, is the very most important integer in the formula.
6. When reproduction of a society is theatened the ruling organization is the MOST threatened aspect of it.
If you think your dollar is worth more you will reproduce. and if you think there is not a threat to your future but a surplus awaits you you will reproduce and whether you survive or not is inconsequential to the equation.
Charlie Hutch
It'll probably be quite a shock (as I do the same thing you just did - and assume everyone on YT is like 25) I'm retired, and over 60. Yes, I have no faith in anything either. So there are no gov. stats we can trust...but I might be an old turnip, but I'm not rotten yet. I was born in '52 so I've done the same thing you have:
1952
Car: $1,850.
Gasoline: 29 cents/gal
House: $17,500
Bread: 16 cents/loaf
Milk: 94 cents/gal
Postage Stamp: 3 cents
Average Annual Salary: $4,700.
Minimum Wage: 75 cents per hour
2014
Car: $28,400.
Gasoline: $3.00/gal
House: $221,800.
Bread: $3.00/loaf
Milk: $3.50/gallon
Postage Stamp: 44 cents
Average Annual Salary: $40,711.
Minimum Wage: $8.00 per hour
Ratio
Car: 15x
Gasoline: 10x
House: 12x
Bread: 19x
Milk: 3x
Postage Stamp: 15x
Average Annual Salary: 8x
Minimum Wage: 11x
>>>>>
I did this in 2014 (hence the gas price issue) and that's precisely why - all things being equal, I think it has significant merit, and explains a lot of issues. After all, it was just 1970 we went off the gold standard.
+pjamesbda I did a calculator thingy on my gov page for retirement...it said I need to save 90% of my income to retire at 65 LOL! Good luck! That's not even taking in to consideration that when I'm 65 there won't be any gov pension money left. Life is a sick joke, lucky your already retired:)
I read sometime somewhere that according to history that economic collapse occurred time after time when the population bloat the city and empty the rural areas
Not even possible. Cities have always grown and then slowed... But what your imagining would be that the cities just depopulate and that doesn't happen. People filled the cities at the exact same time as the farms. The farms rely on the city, and vice versa. Nobody wants to just live on what they eat. That's why money exists. But money's kind of a weird thing and if people have a lot of it they can abuse it and make big mistakes on with it and that can cause collapses.
A communicaton orientation speech that uses presentation aides. She's a very engaging speaker and is very knowledgeable about the topic.
The analogy she uses makes her presentation more live and vivid. Wonderful deliberation . Again communication orientation .
This was brilliant.
what too many fail to realize is that both the elitist liberals and the elitist conservatives are corrupt. both the republican party and the democratic party are corrupt. the elite, whether on the left or right, are pursuing the same goal; THE CONTINUED POWER OF THE ELITE! people haven't figured out what equalism HAS figured out - capitalism leads to big business AND big govt to the detriment of all of society BUT the elite! big govt is needed to protect the wealth and power of the elite. also, the elite DON'T care if we're dependent on them through business or govt as long as we're dependent on them. under capitalism business and govt work in symbiosis to oppress and enslave us ALL! this is what equalism calls Econo-dynamics and both the intellectuals on the left who support big govt and those on the right who support big business don't want you to see the world this way; as it really is. one side says big govt protects us from big business and the other side say big business protects us from big govt! THEY'RE BOTH LYING TO US!
A great reality check by a very capable person. It is great to have a able person double checking the economic facts today.
Hilarious to see these comments flooded with ignorant conservative propaganda.
What propaganda do you prefer?
J Gend
The kind with extra bacon. I like the thick cut too. Thanks!
MaximilianKohler yes let's embrace liberal policies
Letting in millions of illegals and giving out benefits to all of them
Sounds very conformable and deliver informative contents in an effective way, not through jargons, but through natural intonation and body languages.
My god, I want a Warren/Bernie ticket. Warren’s advanced knowledge of economics and Bernie’s populist approach to bringing about change would be a dream. If I could only have one, it would be Bernie. Not because I think his policies are better but because his approach is more likely to work.
America missed out a lot by not making the very person who described America's biggest problem its president.
My two middle class sons spend very differently. The older one is deep in credit card debt, bought a big fancy house in an expensive area and one very pricey car. He bought his house when prices were high and is now doing experience expensive remodeling and buying high price furniture. He has next to no savings although he is nearly fifty and should be thinking about a retirement fund. The youngest is forty and owns two homes, one big nice but not fancy one and the other a moderate home at a low price. He has a truck for hauling, a travel trailer so he can safely travel during a pandemic and a small car, all newer used cars. He always has a good size savings which he adds more to with every paycheck and no credit card debt. He pays it off each month before his payment comes due in order to avoid interest. He buys inexpensive furniture, much of which is lightly used. You would never know to look at it that it wasn't new. He did buy a new expensive couch for his living room and a large screen TV with Netflix instead of cable. Both have excellent electronics since that's their livelihood. They make about the same amount but their spending habits make all the difference in the world.
and still we picked someone else, this makes me so sad! we so do not deserve her :(
Elizabeth Warren this is very educational every American family should see this.
Start at 20m 30s and watch the thing entirely and remember that this was delivered more than ten years ago.
Hi guys, from Coursera Public speaking course, who is with me?
Me ,me :) :p
I am not sure whether this is a good speech example or bad
+Dea Mellah From Coursera, I think this leans more to a performance oriented mode of communication. Audience input is almost nonexistent
+Dea Mellah I am here for it
What a rare and precious gift to governance you are Elizabeth.
If we had a couple of hundred leaders like you, America would be what we could be.
Let's all say, "I told you so." Twice.
Very nice talk with lots of data for a law scholar. She's absolutely right.
I wish all my professors could provide us a lecture like hers.
a lady with gut and wisedom!
When I first viewed this, I thought to myself, "We need people like this as our leaders."Now she's a Senator, and now we have one.
Now she is running for president. Yeah! let's go Warren2020
Bless your hearts!
Wake up kids! It's already too late!
Enjoy your financial future!
Communication oriented
In my opinion this speech is communication oriented. She speaks naturally without depending on any text. The graphics show her ideas.
wow! An old talk before Elizabeth Warren became a senator from Mass. Interesting!
Before she sold her soul, too.
Home price rose 4-5 times in the years you mentioned
We don’t control large economic forces; humanity is just along for the ride. The best you can do is optimize your own situation. Seriously, avoid taking on any debt except a mortgage, especially the ridiculous car loans most people have.
Her foresight is astonishing.
Coursera Public Speaking student here. I'd say this is leaning towards communication orientation, with the aid of a loose script. She communicates her ideas in an interesting, organized fashion, and the use of visuals really ties it together. Her voice is somewhat soft, but she changes her tone well, and keeps interest in what she's saying.
I love her. I loved this. She was hilarious. She was so down to earth and factual.
lateblossom how the hell do get "Hilarious " out of that? its no joke !....unless you missed everything she said!....
I was referring to the way she said everything that she had to say. Not to the actual material. There's absolutely nothing funny about the collapse of the middle class, and yet she managed to inject some humor into it.
Middle-class slowly boiling like a frog continues in 2024...
I advice folks to look at some of the You Tube videos on Hillary and Bill Clinton's background. I admit until I saw those you tubes and followed up with research, I respected them. But the criminality in their closet is enormous. Elizabeth Warren from what I have seen thus far shows someone who has been fighting for the American people and really addressing the issues that affect the American people. We need some one who is not just trying to charm us but to aid us. So, now I am attempting to learn all I can about Elizabeth Warren and hope she will run for president in 2016.
listen to what chris hedges says about clinton. they are both corporatists and you would be foolish to vote for them.
clinton:
-deregulated the banks
-NAFTA
-WTO
-welfare "reform" so americans only get $133/mth
-first democrat to raise as much corporate money as republicans
-cant remember the rest
you can skip the initial pain, go directly to time 5:00
Well done Warren; and to think, she made this speech BEFORE the financial collapse
EW is a straightforward, good 'ol fashion smart cookie who totally blows away all the midget minded tea party farts. A data driven breath of fresh air.
and a big time hypocrite just like bernie sanders, another reason why I Quit the democratic party and don't get me wrong, the republicans suck too, i'm a libertarian and a U.S. Constitutionalist.
i'll vote for libertarian or constitution party.
Afi James eww libertarian party.
Afi James:
BS
The dem party is vibrant/strong enough to accommodate the desires of anyone who chooses to "quit the democratic party" because of eliz warren or bernie sanders. c'est la vie. it's a free country. we wish you well. sincerely
@@speedoflite1 warren is a liar
I think is Communication Orientation, because she is talking with the audience spontaneouly, without a previous script.
Nádia Santos I agree with you on Communication orientation. But I think she wrote the script for ears by using questions "what happened", "oh, but something went up", "tiny little fraction (using gestures)". The structure and content was so clear that it couldn't be spontaneous.
Bingcheng LUO Probably you´re right. I am not fluent in English, so sometimes i can´t clearly hear some word or sentence. :)
Bingcheng LUO I agree.I think she was really familiar with the script ,I can see it when she was introducing the information from those charts.And the script was wrote for ears .This speech is just great.
March Leo Lecturing using both slide and oral explanation but not fully connected to the audience. I would rather put her speech in the middle of the continuum between performance and communication orientation.
Nádia Santos along the continuum between communication and performance orientations, I'd say she is more of a performance oriented speaker who has just about the right mix of communication that prevents her from being totally performance oriented.
Now we need 3 income family
This is communication orientation, she is well paced and pauses and passionate about her speech. Also great integration of visuals and speech.
I first became aware of Elizabeth Warren in the documentary "MaxedOut". I knew that there was something special about her and her ability to not only understand difficult concepts, but also an in credible talent in explaining them too. I definitely look forward to seeing how far she can get in the presidential race, right along with Mayor Pete.
Was the documentary any good?
A great documentary. I watch it at least once a year, informative, infuriating and heart breaking at times too. I highly recommend the it.
She's so effective because she's the real deal. That's what scares the monied establishment to death.
Ivan Bunny Exactly. She is 100% REAL.
She takes corporate Money! How’s that real deal? No one should do that, it makes them beholden to them not us
Hi guys , i consider this its a combination of performance orientation and comunication orientacion but its more inclined to a comunication orientation speach
José Vega yeah .that's exactly what i thought .at first i thought it was only communication orientation but then she was reading the survey and explaining it so it's a bit performance orientation
+José Vega i think it's more performance oriented, she has practiced this speech several times before, and made it sound like communication orientation.
Performance orientation also because she is seeing points off the screen, and speaking like she memorised what to say.
I love that Elizabeth Warren is so down-to-earth, kind of dorky and nerdy and not "cool". She is so the opposite of a typical politician and I believe everything she says. TOTAL CREDIBILITY.
Hi everyone, in my opinion, she is communication oriented. She she is interactive. She is not reading manuscript. She is speaking with the audience. Ideas arranged very clearly. She knows the content deeply.
I am a Coursera student.I think the speech was somewhere in betweeon performance and communication orientation.She was presenting the facts with the help of slides and communicating the facts in her own style to the audience.Good example of the interface
same thing as consumerism continues to skyrocket, we are debt slaves. When everyone shreds their credit cards this will stop. dont blame anyone but ourselves for being so dumb as to believe we can borrow from tomorrow.
Good comment Alice. You are right about people paying for today by borrowing from tomorrow. But it's not just consumers since the government creates debt which must be paid for by the average person. That debt is what is referred to as a budget deficit which takes some of your wealth by effectively making a loan you don't even know about and uses it''s value to pay for government programs including defence spending, welfare, and other social programs etc. The normal person cannot do this becauuse when they overspend they need to pay it back or be sent bankrupt and or to jail. When government overspends the normal wage earner suffers the cost by since there is no actual person named " Mr or Mrs Government" to pay the money or jail if they don't.
Lets not forget the defacto repeal of usury laws by the Marquette Decision in 1978. This faustian bargain produced considerable economic growth and allowed many to have access to credit, but in the end, it drove the lower 80% into debt slavery. Now having a credit payment is the norm not the exception and we are in a self-destructive spiral. No matter what we do to fix this economy, a re-instatement of usury laws nationwide must be a cornerstone of reform.
Rob Mews That's not exactly true. There's much more to it than that, especially since we are a capitalist nation and government.
Tre Gibbs You are not capitalist just because you say you are. Capitalist is a movement and an idea. USA is less capitalist today than 100 years ago. Capitalism is about freeing up markets wherever possible. Not protectionism in all it's forms. The USA is too protectionist big brother and that is the main weakness. These ineterventionist protection ideas fall down in most cases and do not produce effective results. This protectionism relies on big government and big government stifles economies.
you are so dumb,people aren't consumerists consuming more on credit.they are forced to spend more on essential costs like housing forcing them to take on more debt.that was the whole point of the talk moron.
Don't run out of time to be registered to vote for Bernie Sanders in the primaries. He isn't taking corporate super pack money for his campaign.
WARREN 2020!
I'm in
Erik Tillman no not you, he wants warren to run 🤦♂️
It is communication orientation and a clear presentation
Speech is completely performance oriented !!
I note that this is all pre-Obama Care... I would *love* to see how Obama Care affects these numbers!
A better argument for a childfree lifestyle or for a single lifestyle. I (middle aged male) never married or had children. I intuitively did the maths.
coweatsman same here buddy, and I live in New Zealand! but I could still see the writing on the wall, now most of my mates who got married are divorced, huge house debt, paying out ex wives, kids education etc etc....I never wanted any of that, and for me it was never really a choice.....
coweatsman You are correct. There is NO place anymore for marriage or children in the Western world. Period. Both are economic and emotional disasters.
coweatsman people with kids who are too young for public or private school have told me that daycare costs about 500 dollars a month and so a lot of those people have at least one spouse staying at home with the kids
Down even, not dow. Bloody typo.
+psycronizer rationalization at its best.....good job glad you didn't reproduce...yes im insulting you...we definitely need less of those who cannot even understand themselves.
Elizabeth Warren 2016!!!
For teacher of the year? Sure.
Be
Normal
This presentation was communication. She engaged the audience and gave examples throughout the portion of the speech listened to.
She exudes so much confidence. This is communication orientation.
We've eaten a lot less meat than we used to? Is that right? Maybe it picked up after 2010.