Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
It sure has. We are in trouble big time. All of these problems have been created. No one and certainly no groups are working to solve any of it in any form. We get double talk. We are in trouble big time. People need to be self-sufficient as much as possible for their personal situation. It can help take the strain off others who cant. We are all in this together
Produced around 2019 I think... China then proceeded to gift us with the "Covid Crisis"... officially in 2020...in reality it was in the latter half of 2019... So yes... The global community hit rock bottom... 🇿🇦
We all need a Universal Dividend if getting this we would get about 25k more a year by taking 30% of GDP and giving it to everyone who is an Adult living in the US for at least 2 years. Get it on a ballot.
@@catvisiontv855 I don't know what it's like across the rest of the world in that respect, but here in the UK the Government goal is to keep the rich rich and keep everyone else in their place, which is why there are so many working homeless. When your financial autonomy is taken away, you have almost no ammo in a profit driven society.
I'm from Scotland and visited Naples for the first time, i couldn't believe the amount of homeless people, trash, graffiti and general poverty I witnessed. I felt like i was in a third world country! So many Africans asking and pressuring me for money...such a culture shock. It made me appreciate my home country a lot.
Maybe don't Romantisize Italy. If you know anything about history, Italy is still the Roman empire but with much less wealth. Lots of European cities are shitholes now and it's no one else's fault but their own. They just use immigrants as a smoke screen for Institutional corruption.
I travelled around Scotland and had the same experience, minus the Africans, although I'm sure you have them now lol Never seen poverty and filth like it no wonder they take drugs, oh and I'm from Belfast where I came from the poorest paet of Northern Europe apparently 😉
I left Europe in 2015, I could not manage financially anymore, I lost my job, nobody wants to employ and "old woman" and the bank was about the forclose my house, so I was about to become homeless. I reinvented myself, I'd rather be homeless in a warm country than in the cold winters of The Netherlands, I started an online business, left for S.E. Asia, where the cost of living is so low, you can easily give yourself a chance to get back on your feet. Now I am in Mexico, doing okay, but I never forget how everybody even friends and family but most of all the banks and government looked the other way when I asked for help.........the EU is a failure, but nobody dares to say it out loud, they hand out bandaids of billions of Euros and solve nothing and ont he other hand thousands of immigrants are welcomed each day.........because they believe poverty does not exist in Europe.
Touché. Well done, and I wish you the best of luck. I’ve visited the Netherlands on 12 different occasions between January 2018 and January 2020 as a tourist. I’ve made friends with the Dutch from all age groups. Some are fellow millennials, and others were boomers or even members of the silent generation. I was surprised, that Marianne, who is 82 today (She was born in January of 1941), makes €600/month in pension. Moreover, every time I warned everyone about the dire consequences of letting in economic migrants masquerading as refugees seeking asylum into the country, people wouldn’t dare speak up, as it’s politically incorrect. I’m glad you’re doing well, and hope that you continue to do great for many years to come. Stay safe 👍🏻
Eastern Europeans, Turkish and middle eastern immigrants love it. Free money, a passport that allows them to travel and open borders to get jobs in Western Europe and send money back to family in east Europe. But for people in the Western Europe EU has been nothing but a huge financial drain. It should have been nothing more than a customs union and nothing else.
You're talking about all those migrants that come and get the free stuff you know that comes here too in the United States to the tune of 500 million US dollars a year it's going to while we've got all these veterans and all these people living on the streets yeah US citizens
It's the same the whole world over...as in the song. Largely due to the NeoLiberal policies peddled by the likes of Hayek, the Chicago (economic) Mob, Pinochet, Thatcher and Reagan and then maintained by the likes of Clinton and Blair. As Piketty etc. have shown, the Middle Classes only really grew strong during the postwar decades of high taxation and redistribution of wealth - income tax reached 90% under Republican Eisenhower in the 1950s. It is time for ideas such as a Universal Basic Income to be implemented or else there will be serious consequences. Although some say it is pushing us back to the pre-1945 world of the wealthy elite who could afford to travel the world and the insecure working masses - the big difference is that the globalization of industries has reversed the economic looting (including deindustrialization and plantationization of) of the non-European world by the West which kept them poor. As George Orwell wrote in The Road to Wigan Pier (1936), 100 million Indians must be forced to the edge of starvation so that the British can live in comfort. See also: www.aljazeera.com/opinions/2018/12/19/how-britain-stole-45-trillion-from-india www.aljazeera.com/opinions/2022/12/2/how-british-colonial-policy-killed-100-million-indians
At the opening of the documentary you show an Irish lady. As an Irishman let me say this as I guarantee this documentary WILL NOT expose this. Here in Ireland we have 190,000 employed in our NGO sector (of 2.1m total employed nationwide), almost 100% of that sector being Left wing, majority female, and almost all of the same Progressive Left ideology. We have 10 times the number of NGO's per capita as Germany. 1 in every 12 euro in national revenue (€6bn pa) goes to this sector plus an additional income of €10bn pa from the private/corporate sector. So that is €16bn pa from a population of 5m people. And the situation with homelessness and therefore poverty has gotten worse. You know why. Those very same NGO's and their incestuous relationship with the government and EU. Because none of them are trying to solve the problem because if they did the billions of funding, the lavish lifestyles of their CEO's, the careers built on using the poors suffering for the benefit of the employees of these organisations would dry up. It has become an echo chamber pushing assistance only for certain identities (26 refuges for women, 0 for men. 80% of homeless are men. The 20% who are women being the priority). Meanwhile they all push open borders immigration into a nation with a huge housing crisis which not only significantly exacerbates the problem but also forces the native poor to compete even more with the new immigrant poor from non-EU nations. The rich get richer, the NGO's get rich being paid by the rich corporate donors while managing the suffering whole crying poverty themselves and getting ever more money the worse it gets. I see in this documentary no mention of mass immigration in Italy causing so many issues yet it is known to all across Europe this is a factor. In Ireland the only NGO who was tasked with questioning where all of the money was going, Benefact, was shut down in 2020 to prevent anyone finding out were the money was going and into whose pockets. And you know who has no problem with this, the EU, who support the echo chamber NGO's. Perhaps do a documentary into this and you will find out why poverty cannot be solved in Europe.
Very well said.These are the same N.g.o.'s which are in favour of unlimited migration of UNDOCUMENTED asylum seekers into Ireland.(all paid for by the taxpayer) They even have a slogan "Irelland for all.
The Leftists here in America are making our situation wirh homelessness worse with their liberal, progressive policies and programs. . It’s already bad enough caused by landlords who are raising rent and pricing out the working class….and I’m it sure that the rents are being raised to cover expenses, it seems it’s just greed by individuals and corporations as well.
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this month. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve.
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
In other words, you cannot relate to the people in this video because you (A) have many more available reaources, and (B) are clearly too focused on yourself. Do you really think these people have investment portfolios? They will end their lives in poveety as well, dependent on the state.
So very sad, and it is getting worse because food prices are so high. Here in Portugal the minimun wage is 760.00 euros, but you pay very high prices if you rent a house.
Does your minimum wage in Portugal have the same problems as here in the UK? We have a minimum wage but it does not enable minimum wage workers to pay their basic bills even on full time hours. Plus we have a huge number of gig workers and freelancers such as delivery drivers and there are many loop holes with that system which mean they absolutely are not getting that minimum wage.
@@workinprogresssince1974 Yes, here is the same, the problem here is that most portuguese people have the minimum wage, and if we pay house ren and the bills, there is nothing left to buy food. Now with this inflation everyhing got worse.Then we see our goverment giving 250M euros to Ukraine, what should we feel? then we hear the inflamatory speeches of Ursula von der Leyen of how great it is for us to help Ukrania democracy ????? most of us only heard of Ukrain for their horrible thieve gangs here, we don´t feel Ukrain as a european country at all.
It's usually alot of American companies that try to explore UK workers American companies account for nearly 26 % of the UK gdp and pay little or no cooperation tax
95 million EU citizens are living in poverty , and yet NGOs and politicians still want to allow unauthorised migrants in , this will lead to unrest across the EU
Meanwhile, countries like the UK have enough money to have an Afghan economic migrant, who claims to be a refugee seeking asylum, stay over in what seems to be at least, a four star hotel, for free, and this was just a few days ago. We know this, because his highness filmed everything on TikTok. Whilst 3 million Britons used food banks last year alone, and in a country where 14.5 million citizens are poor. 🤷♂️ no wonder I see Brits all over Arabia and throughout Asia, living and working here, and that fact that they don’t want leave, and never want to. Makes perfect sense now. Their children are even born here, and some have been here for more than four decades, and many are buried here.
True! I can see what the future will be. Look at Sweden for example. It has 4th highest rape ratio to population in the world. Even Stockholm has NO GO areas which have been run over by migrants, and that's despite they being on govt handouts. If they are not stopped, the migrants will push EU into an unlivable place.
@@endtimesareuponus8930 You do realise that those Greeks have lived from our money pretty god damn long? Beside that fact they also joined the EU under false economic conditions...
How bad is it in AUS? Aren’t wages supposed to be super high there? And most of the immigrants are highly skilled rather than just refugees and migrants aren’t they?
@@bloodndestroy What is classed as "highly skilled" in reality, is not. There has been a lot of underpayment of wages because Indians will work for next to nothing to get permanent residency. The local newspaper reported 4 migrants who worked for a migrant running a cheesecake shop, making and decorating cheesecakes, for heaven's sake! They were underpaid. We get people coming on tourist visas who claim asylum after arrival. Some get to stay.
@@chriswatson1698 How do they survive if they get paid so little?? And what’s their motivation for trying to get the permanent residence so badly? Does it come with some kind of benefits?
@@PalmBeachFlorida24 But we don't have a "Free Market." If we did, I could buy a Huawei phone that works with Verizon instead of an Iphone! It's a rigged market. Rich corporations can sell products UNDER the actual costs until the competition go out of business, then slowly begin raising prices once they monopolize the market. That's a rigged market. We need Fair Markets, not so-called "Free" Markets.
People in the US are leaving the country too. They can't afford housing or transportation, and food costs so much now. Wages lag behind price increases decade after decade and people are burdened with student loan debt, medical debt, and credit card debt. Many live in their cars and have regular jobs. If you can't afford to live in a country, you leave. It's really that simple.
And that's absolutely bloody slavery and the shacks they have to live in !!!!! Anybody can see the bosses are using these ppl that are in dire strait's. 😢😮
The problem in Portugal, is corruption unfortunately. Bad investments, that steadily waste away important funds, that keep the country from growing in the long run. Alongside a poor justice system that supports this. Having the lowest salaries in Europe, but being on top regarding the most expensive fuels, Internet, and housing, it's inconceivable. Ireland seems to lead the way as an example of sucess and justice for it's citizens.
So my family and I are visiting Portugusl and I can’t believe the average monthly salary is 750! That’s crazy! In the states you can spend that in utilities
@@kenyat6419 Average is € 1400, minimum wage is € 760, before taxes. Average European wage is € 2400 Housing in the capital city, is the 3rd most expensive in Europe after Milan and Paris, in countries where wages are more than double of those in Portugal... But hey, you are more than welcome and enjoy your stay 🥂
@@JohnnyHMG well it’s really lovely here! I met a few people that live here from the US, but of course they make their money from the US. I pray that things get better economically. The locals are awesome
This refugee crap is the big businesses that want. Slave labour and their own people won’t work for peanuts that’s why they take their factories to China ! When China starts a war it’s because you have given them to much money
@@woodforthetrees3496 meanwhile some are paying less than minimum wage under the table and marching in the street is not going to change it and the gov. can't stop it either.
I was an emigrant in Ireland when the crash did come (the fall of the Keltic tiger was named), I had a Job that was cut down in hours, and my mortgage went up, Maintaining a car was difficult but I managed by "tighten my belt" as they said, the poverty in Ireland is for many different reasons but one is that during the high of the Keltic tiger, they forgot that were poor before and went into expenditure in madness, and they were not able to overcome the crisis after maybe 10 or 12 years of craziness, people went mad getting huge houses, cars, buying cloths like there was no tomorrow, no one did have a lunch from home, everyone was eating out every day, priorities were forgotten, the poverty that is saw was not for do not have money or help, it was only because priorities were different.
We live in a time there are more rich people than ever, more luxury watches, cars, houses, yachts, etc. sold than ever, and in increasing demand. Constant economic risk, fluctuation, crashes, and huge layoffs. The economy looks good from the perspective of Leaders and Owners, what would be the problem here I wonder?
We all need a Universal Dividend if getting this we would get about 25k more a year by taking 30% of GDP and giving it to everyone who is an Adult living in the US for at least 2 years. Get it on a ballot.
The problem is that politicians are only concerned with their own term of office and their own pay packets. Gary's Economics is a great RU-vid channel for understanding how the rich have profited undeniably from the pandemic whilst everyone else has slipped further into debt. Bad political financial choices, planned or otherwise, have huge implications.
@@workinprogresssince1974 the first lesson I learned when I went to DC was not what you've written. Politicians play the long game. They are working for the party. For the affiliation.
Brexit, many U.K. voters no longer wanted to fund EU tax inefficiencies and this form of lack of accountability their taxes they felt were being squandered as described in the video.
@@sgist7824 UK is no where near as bad as Italy, Portugal etc and never will be. Poverty and crime is bad in Italy and France especially around Marseille and Naples, they look like war zones. Wasn't so long ago that Paris was on fire yet again ! Scicilly is a crime ridden dirty place and youth unemployment is disgraceful in many areas of Southen Europe. Prices are sky high in Europe and renting is impossible for many. Germany and Netherlands are in a deep recession. I admit UK infrastructure has always been a bit behind Europe but German infrastructure is notoriously starting to crumble, their trains are not punctual now. Vegtables in my supermarket are very well stocked and are of the highest quality and low prices. The EU is having their usual budget arguments again as money is tight... its not so great in EU. The poor man of Europe today is actually considered as Germany as they are in a deep recession.
@@LA90598 I've watched documentaries on how France and Germany are doing, and I'm Portuguese so I keep up on how things are there. But the UK isn't far behind now, it's scary. What will happen is more and more poverty in big cities, similar to what's going on in San Francisco etc. More tents and encampments, more people living in house shares instead of buying and less families being started. The lack of growth here now is scary and we've no trade partners im sight as a glimmer of hope.
"Globalism" Progressive politics Socialist economic theories Abandonment of traditional and conservative values Blind pursuit of "diversity" and "equity"
not true. the western world had a fantastic run. With globalization there will be equalization of productivity. Unless there is high innovation (like Facebook Amazon Netflix Google) in the west, there will be drop in living standards as the rest of the world improves theirs.
@@kinkle_Z Quality of Life vs Bankrupt Italian Pension System. Well now. Italy’s pension system had three main problems: high and rising expenditure, inadequate labour market incentives and chaotic distributional effects. I'll take less time off for lunch to secure my future please.
Oh trust me, they are resolving poverty. I don't know a single politician that is poor. More than that, often their relatives work in parts of the government as well. Resolving poverty nation wide was never in the agenda.
What is brutal in Italy is the short contracts people get, a few months and they someone new, its surprising how hard they work , Italians are hard workers
THE SAME DESEASE...... IN GŔEECE EVERYWHOERE !!! I DISPERATI GIOVANI GIRANO ΙΝ QUESTO MONDO DISERTO !!! SYSTEMA CORROTO E INGIUSTO, DAPERDUTO IN NOSTRO PIANETA ...ΧΑΙΡΕΤΙΣΜΑΤΑ ΑΠ0 ΑΘΗΝΑ ΕΛΛΑΔΑ !!!......❤
Short-term contracts. As in, they’ll work full time for six months by way of example, and then they’re out. People rarely land a full-time permanent contract, or even a three year-contract. Some get a one-year contract when hired, and those are considered the lucky ones, mind you.
I get that I was under the impression that Europe is an amazing place with free healthcare free education problem free. After watching docs about Europe I realized it’s all the same every country seems to share the same issues
right?? they never show this side of those countries they romanticize on social media. they bash the US but praise these places. not mentioning the downside won't hurt😊
@@Jayjoe1006 yes school is free, and very good Estate hospitals are free, but house rents are very expensive and now food is terribly expensive.They don´t show you poverty in Europe, and they don´t talk about it.
And there’s a reason for that… the Left that’s pushing Socialism want Americans to think that the Socialist programs of the EU , paid for by high taxes , are working perfectly….so,they can try and push Socialism on Americans…….and other things, like eliminating the Secomd Amendment , no homeschooling so the State is in control of education of children- the next generation,and importing millions of immigrants who are not from the same culture as the native Europeans, making more of a police state with observation cameras, and just a more controlling and Intrusive of goverment , pushing the idea that the goverment is like a parent to people or that the goverment has all the answers and people should be dependant on the goverment.
This documentary is the best documentary I have watched so far, socioeconomics and public services are very powerful tools, culture is obviously a challenge, I have always wondered how to tackle cultural difficulties to have a productive society which will make an economy thrive and benefits itself generations to come, and also benefit other countries "You can take a donkey to the river, but you cannot force it to drink" the art of making the donkey drink is the key!!!
Why is there such a disconnect between behavior & predicament? Sara ‘suddenly found herself pregnant’? Are you kidding me? Stupid decisions= stupid results.
Sicily has many problems. Unemployment is very high. The refugee population expands every day. The elderly population is large. Tourism is the biggest, most profitable industry. Covid stopped the tourism industry for at least a year. Things are much worse now. Fortunately, vegetables grow easily, so food is possible for most families.
This is a deliberately induced social crisis tha grew out from a sophisticated organisation that was to shape the destiny of the entire Europe. Through Tavistock Institute for Human Relations and other much larger, integrated network of centers of social engineering and applied social psychology, they regard people and principles of nation states as their axiomatic philosophical enemy.
oh yes they exist. I lost my job 5 months ago, I have the right to receive unemployment allowence, until now I have received nothing. If my kids didn´t help me i would be living in the street, I´m 66.
I don´t know if poverty is the right word. That italian family where only the mom was working didn´t look poor. They looked to have a really nice home with very high standard. I don´t feel sorry for the daughter who thinks it´s a good idea to become a mother when she can´t even support herself or the husband and son who sits at home playing expensive guitars. if they had lived in a one room apartment whitout running water, if they had to fight to put food on the table every day or if they had to wear winter clothing indoors because they couldn´t afford heating...then the word "poverty" would be fair to use
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to build generational wealth and cultivate financial knowledge, you must be in the market…
I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry.
That's awesome to hear. I invested 5k in Robin hood about a year ago and it steadily went down, now my portfolio is down to $800. I don't know what to do and i am in between jobs.
@@Florencecoxx Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances.
I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the expertise that assisted you and how to get in touch with him.?
It was done on purpose. Investors were playing all kinds of schemes to get their clients the highest proce possible. So, they wanted the collapse to happen all at once after the coof and then slam each country with international investors all at once with no chance to escape.
@@carojames6776 I have to say the C programming language has been good to me. I have a house and privacy. I was lucky, I bought the house right before Covid and I'm glad I didn't have to stay in that crappy apartment.
This is a documentary from more than 10 years ago. Italy has long since exited that stage of economic stagnation but the EU countries are still facing economic headwinds, albeit of a different nature. The US-China relations are causing massive headaches for factories and the Russian invasion of Ukraine is causing headaches for EVERYONE
WELFARE M U S T be REPLACED by jobs !!!!!! As long WE live on this PLANET 🌎 WE HAVE to W O R K !!!!! MUSLIM MEN GET SKILLS in YOUR OWN COUNTRIES and DO MENS’ WORK BUILD your OWN COUNTRIES !!!!! SO FAR YOU FU….. and slave yOUR OWN girls women and NOT only !!!!! And YOU coming to western Countries DOING the SAME living on WELFARE a n d show your negative SIDE of YOUR LIVING !!!! Come BACK to your OWN COUNTRIES !!!!!!!! And LIVE YOUR WAY !!!!!!!!!!!!!!!!!!!! NO BURKA HERE !!!!!
Why nobody talks about Greece in this program? In Greece, young people are earning 600-650 euro a month! While prices are the same as in Western Europe! Europes policy benefits the rich and the big companies and enslaves the average European!
We need a very little to live a fulfilling life. Nature gives it all if we are keen to put in the hard work. A life without material is beautiful and powerful!
Just when economic conditions started to improve again and we had a chance to take more people out of poverty, 2020 rolled around and the middle class was eroded even more. Whew, good for all those poverty researchers and bureaucrats: at least they will keep their jobs.
What wasn't said in this discourse is that, at least a quarter of Europe's very poor, are either immigrants from the Third World, or they are the children of these immigrants. France and Britain are the two countries worst afflicted with these interlopers from the Third World. Tragically, the first waves of these immigrants/refugees who arrived in the mid-1970s had limited educations and skills. Hence, the only jobs that they could fill were at the lowest rungs of the socio-economic ladders: paying platry wages, which barely covered their very basic needs. And the educational needs for their offspring most certainly didn't take precedence. Alas, here we are now some 4 to 5 decades on, from when European nations were so stupid enough to allow the dregs of the planet to take refuge in their dominions and are now burdened for an eternity with millions of people who will never rise up from poverty.
Reinvestment into your Tourist industry is a must do you not have wine villas, old historic buildings start to re market your country as a holiday destination I had the pleasure of visiting Italy in early 1980's and it was truly a magical place.
Did you hear that folks? "To meet the conditions of the IMF, Portugal had to meet all the conditions: Reduce public spending, raise taxes (except for the wealthy of course!), privatize state enterprises, lower labor costs." That is the business model of our corporate oligarchy, and that is why every country is getting poorer. This is by design, so the richest can get even richer, while the rest of us just die working more, for less. This is a very deliberate transfer of wealth that started decades ago.
25 million poor children. 1 in 6 teenagers are poor. The poverty of European retirees is a reality in several countries. European politicians talk about wealth, they talk about tourism, they speak well of the USA, they speak badly against Russia... but none of them runs the risk of saying something that displeases the bankers. In the Brazilian press, nobody talks about poverty in Europe. This is terrible, because obviously the EU shouldn't be but is treated as an example for Brazilians. The real question is: When will EU member countries stop spending oceans of money on NATO and look after their impoverished populations?
@@rickschucker9697 I have an even better idea! Let's get rid of NATO! It should have been abolished in '91 when the USSR collapsed. It was created after WW2 to ostensibly "protect" Northern Europe from the Soviets. After 1991, there were no "Soviets"... Now it's turned into a US military unit that runs around assassinating people and destroying their countries, like Libya. Time to END IT!!
@@endtimesareuponus8930 We will see... The nuclear war desired by NATO will destroy all the accumulated wealth in Europe. After it, the vagabonds that survive will have to make their own weapons with twisted pieces of iron and chipped stones.
We was in Italy 10 or 15 years ago, never went back it was too dear even just to sit in a Cafe or order a pizza, even coffee and tea was dear, and ice cream prices were awfull, otherwise I could have gone back and spent lots of money there and traveled to see more of Italy, we spent all our time in Rome.
Stop having kids if you cant afford them, I'm glad i dont have to worry about rising costs and prices, i make money even while i sleep. My staff work 12 hr continental shifts and are all well paid
@@PeppaSauceQn it is not EU obligation to find a job to emigrants. Its responsibility every individual migrating to wherever. What an etitlement some ppl have!
@@am-vy1fbthat's it. You think the immigrants/migrants are not looking for jobs? It's EU that opened the jobs for them, and they grabbed the opportunities. Honestly, the Third World workers that you disrespected are way more of hardworkers than y'all westerners ever be. Asians, from Third World, who immigrated/migrated are way more hardworking than the westerners. For instance, EU recruites nurses from Asia because Asians are good at their job as nurses. It's not the Third World fault that y'all westerners are a load of lazy, narcissist, entitled, rude freaks. Blame EU for not wanting lazy, picky, narcissist, entitled, rude westerners to be their employees duh!
Their economy will never improve in these countries until the government's are completely regulated and staffed with honest minded people. No amount of help from the EU will ever be enough until something is done immediately.
With most of africa and 3rd world nationals flooding into Europe with no control is it any wonder Europes nationals are suffering hardships !? It will get worse if the flow is not curbed soon.
The solutions are so easy. Each country needs to be as self-sufficient as possible. If people want healthcare, education and housing, stop having their stuff made in countries that don't have these. Yes good are cheaper, but ultimately jobs are loss, and the jobs that stay need to be low wage to compete.
I’m looking at the date and/or year that this documentary was made and released, because I had my heart set on moving to Portugal 🇵🇹 in a few days and now I’m terrified that I won’t be able to escape from America’s poverty. I like most of the people in this documentary have gone from well off to being poor and possibly homeless while I watch the floodgates swung wide open for Ukrainians and southern migrants from south of the border… I am terrified and sometimes suicidal because it’s seems like there’s no hope and tent-life should never be allowed to happen in this country and what’s even worse, is racism, because, many blacks have to carefully consider what state is safe for them to move to and what is the median income of the black population in those states… is it safe or smart to jump out of the frying pan and into the fire? These are options that must be considered in the USA in 2023… sad!
Most European countries are a bureaucratic nightmare. Combine that with high taxes and no sane person would open any business in the EU. This is why most new businesses are just schemes to obtain government and/or EU funds. If you want to open an actual business, you're likely moving countries.
Come to Switzerland 🇨🇭 if you can of course. 🇨🇭 needs more People. We need almost any Profession. English is a common language here. Many People from all over the World life here together. Come if you can. We need Workforce. Skilled People. Ingeneurs, Nurses, Truck drivers, Builders, etc. We need Working People.
Issue is some people think certains jobs are beneath them but complain when immigrants work through the mud, make good networking connections, and get the better jobs off their unrelenting work effort.
U left out the part where they get free housing,food & the list goes on sooooo they can afford to take any job because the other aspects of life or paid for by the taxpayers
job agencies are eating money and corrupt recruiters and HR are joining hands, no body care what your resume says, if bribed up give job else let them rot. pity pity
The homeless Irish unemployed single young mother with four children is a terrible story. She cannot get a job or get vocational training because she has to look after her children. Her children are likely to be very poor and uneducated. What a tragedy!
@@MENSA.lady2 What if her husband abandoned his family? Is that still her fault? What if he actually passed away? If she were a refugee from another country, she would probably be taken care of by her government. That is what is happening in the USA as well.
Yup but many who look like her will blame immigrants/people of color for her situation or anyone else who looks like her going through financial issues.
@@byronkerby6897well if our government "U.S." would stop sending billions to Ukraine and stop their endless wars that they keep losing worldwide just maybe we wouldn't be struggling here. Those immigrants that are here in the U.S. are either homeless, working in slave conditions on farms or meat factories including their children. Also they are being s** trafficked especially The women and children. The government isn't even keeping track of them after they leave whatever motels they were staying in. You might want to look into the immigrant situation a little better here.
The problem with these youngs is that they expect someone else - parents, government to take care of them and provide. Take initiative, be proactive, instead of whining! There are plenty of jobs; they just don't want to do them, which is on them, not on anyone else.
In Italy where organized crime and the Mafia preside, offers young adults overwhelming opportunities for personal financial income that are goal oriented. Its believed that, the only real difference between Italy's 'legit' Capitalist, political system and the Mafia is, the Mafia operates under a strict code of honor. The same as Britain and the US. When it comes to economic and financial survival, some common sense and risky relations are necessary to insure your family's survival and wellbeing. Others will either starve or end up living under a bridge somewhere.....
We’re experiencing abrupt climate change leading to the impending 6th mass extinction. Poverty, political instability, social unrest , Etc. are merely side issues that detract from the real problem; Civilization is a Heat engine.
What are the causes of poverty? What role does the individual have on the outcome of their life? Why are there differences in life trajectories for different people? What are the goals of policy? If poverty is defined as relative, won't it always exist?
#1, don’t become a parent when you can’t even support yourself. #2, even worse if you become a single parent! (Not by choice cases excepted! Rape, incest, death of your partner.)
The most simple solution ; don't make more humans when you can't give them food ore can't take care for them, that's the most simple nowledge for the most simple inteligence !!
Governments driving us into the poor house, while excessively taxing the poor and minimizing the wealthiest tax base bracket 😢, taxation without representation for the meek just the powerful
It is a mistake to believe wholeheartedly the stories put out by the media. Remember that they are trying to make a living like the rest of us. It is therefore in their interest to create dramatic, interesting stories, because that is what sells. While this documentary covers different countries: Italy, Portugal and Ireland, it only looks at a few cases. For example one family in Italy and Portugal is examined in detail. Also it only gives the view of a handful of experts. The documentaries are entertainment in the same way as television dramas. A drama that was just about lovely, happy people having a wonderful time would soon put its creators out of business. Don't let these documentaries get you downhearted. They are not the objective truth. There is good going on in the world as well as bad.
The big duh. If you want more people to have more money (or any money at all) you have to increase distribution. Since money is tied to things and services there's no use printing more money, unless, of course, you distribute directly to the masses to decrease the amount of wealthy owned by the riches (which will never be allowed.) Meritocracy, capitalism et al and we pretty much accept that poverty is a minor side-effect for the greater good. As I heard someone saying, "nobody wants the system to change, just their situation in it to change."
Here in Mexico you rarely see homeless people, almost it's down to 0, we have a housing system thru the government that it works very good. Unemployment it's very little too. Our problems are different such as cartels and violence and it will never go away as long as the US are right next door which means never.
Europe is an aging continent. The old people worked hard and paved the way to economic prosperity during their time. And when they started having families, their kids didn’t learn the value of working hard to earn their keep because their parents are capable of giving them the good life. So, when these kids’ time came to stand up for themselves they couldn’t because they weren’t trained to work hard when they were young. I live in southeast asia. I’ve met many young people here aged 17 to 20 who spend their time hustling on the side while studying. Some of them sell online, some work from home for BPO companies. Youth culture here is very different now. They always find ways to make money.
Amazing to me what "extreme poverty" means around the world. In much of the world there is no government help at all. In Europe the debate is over the level of help provided.
In Canada, housing at a critical state, rents, house prices. Meantime we are bringing in a million immmigrants for jobs and housing we do not have, while inflation obliterates all, I have seen the programs , but heaven forbid a shovel and infrastructure improvement. Just allocate billions to enrich the bureaucrats and elected officials with ulterior motive.
I got a kick out of the Italian family in this 'documentary', because being Italian and Sicilian myself, like this family, I know something about this. Here you have a nice family living in an apparenly very nice house, which like almost All Italians, They Own, Totally, filled with a library of books in the background. OK, the husband is currently out of work. In Italy it is common only the man of the household works, especially Sicily, but some women do as well, but not so prevalently. The son Just graduated high school and has not gotten a job in a whopping 10 months since graduation. He probably hasn't tried much since he has it pretty darn good at home, as his family is 'not bad off'. Don't blame him at all, I was that way and not poor in the least. The daughter just had a son in a country that has so low a birth rate. That isn't what poor people do in Italy, trust me. This family probably sits on a pretty darn nice sum of money in savings, but complains, Ok, they are 'currently' without work. Sorry, but this is not 'poor'. I am sympathetic of course, yes, even so, but in Italy there is a lot of shenanigans with unemployment. Not saying this one family though. The current unemployment rate for the country is only 7.8% and trending down. Italy has always registered high unemployment, even in their greatest times, due to the way they 'count unemployed'. So it's not truly high, in the least. Basically what I am saying is the number is inaccurate to reality, just like so many other 'official government numbers' particular to Italy. The head of the Labor Ministry just officially reported that Italy has 1 million jobs open(shortage) and not being filled this year. Mainly low skill that almost any Italian could do. Yet no takers. Understand? Basically Italy is currently at Full Employment to anyone who wishes to work legally, and truly Needs the money. Are there some truly unemployed? Well, ya, a very, very low amount in % terms. There is not one country on earth that doesn't have some. Italy is currently receiving in separate payments $200 billion from the E.U. for Covid and what Italy has paid into the system. They are having Delays because Italy is 'having trouble' finding ways to Spend the money 'effectively'. Ever heard of a government that can't spend billions of dollars but 'has problems'? Uh, never. Tells you all you need to know. In worst case, it is documented they simply then wouldn't take the tens of billions of 'free money'. Says all you need to know about how things Actually are. No? Uh, Yes.
Oh I get it now. Italy didn't take the handouts from the EU because then they would be demanded to submit to the policy demands of the EU. And their continuous push of immigrants into the European nations. Which has great cultural and societal implications to integrate so many people who are not of that culture. Which the EU seems to always undermine this issue.
The more a country and society promote individualism above family and community, it will affect its citizens. Add in immigration, legal and illegal, and the citizens compete for their own countries resources. Add in globalism for products and services and you have a race to the bottom. Poverty to extreme poverty in this case.
If there are so many poor people in the EU, why do the countries continue to accept people from outside Europe, who had never paid taxes in the EU, and spend a lot of money to take care of them? This phenomenon does not make sense!
@43:45 I love how austerity measures can also be implemented by an individual on oneself, should one find him/herself at the receiving end of years of bad financial habits, like excessive spending, and conspicuous consumption. Placing yourself on austerity mode for a few months to a year, and sometimes years, depending on each situation, can help get the person back on their feet again, and out of trouble, through reduced spending, living under your means, and more saving.