Military Contract Price Gouging; Scams Targeting Seniors; Jeff Koons | 60 Minutes Full Episodes

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Price gouging in Pentagon contracts. Then, cyber scammers stealing from grandparents. And, Jeff Koons: The 60 Minutes interview.
#60minutes #news #military
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Опубликовано:

24 май 2023

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Комментарии : 440

@chi21no Год назад

Who's on their board's Who are the contractors!!. Ex politicians? This needs to be in the news.

@08996688 Год назад

I was scammed out of $5000 and Bank of America didn’t do anything else but blame me. Funny thing is that the bank allowed me to get scammed by clearing a fraudulent check until it was later identified as a fraud.

@UneedAname45 Год назад

I work in the hydraulic industry and was in the Army National Guard. AAI was charging $109 for a flair nut that cost $0.87.

@holeshothunter5544 Год назад

I worked at Worthington Pump co. One 4LR10, a bronze fire pump designed in the 30s cost $2300 for any cargo ship. Sold to the US Navy, they charged over $10,000. Only the paint color had changed.

@IamCaleum Год назад

The leadership of these contractors should all go to jail and these companies should be nationalized.

@josephmarzullo Год назад

That would stifle innovation. We need to reform the system and eradicate corruption. But nationalize it? That would destroy their stock value as well

@davel696969 Год назад

They've been doing this for 30 to 40 years. Name the political hacks in Washington DC who would take this seriously. These political hacks in Congress are supposed to have oversight authority but only use it for political theater during elections. The Uni party in Washington DC are often taking part in this corporate gouging & 9 times out of 10 go to work for these companies once middle-class American FOOLs SUCKERs and sheeple in their district wake up & oust that corrupt bum. Only to elect another bum that the corporation buys off or gets the said pain-in-the-arse politician out of that seat. This will only stop when we the middle-class American sheeple ban together & refuse on mass the tax dollars these corporate scam artists steal from each & every day of the year.

@Black_CoreyNFin Год назад

This is the only sane take. Too bad the US government is too dysfunctional to get anything done. The thief's and gangsters are going to rob and racket until the US treasury is run dry.

@DissYraiN 11 месяцев назад

@@josephmarzullo nationalizing a company doesn't eliminate companies, it just makes them publicly owned. and it certainly doesn't eliminate innovation. if anything it encourages it because the workers share in more profit and more reward. and yes, eliminate the stock market. it's just another way for rich people to manipulate the market.

@DissYraiN 11 месяцев назад

@@josephmarzullo you listened to that part where 51 companies consolidated into only a few? that's capitalism, buddy. it stifled innovation. and they used their power to manipulate the government into downsizing the oversight comities. watch from the 7:30 mark

@JonnyDee Год назад

Thanks 60 minutes. These days we REALLY need investigative reporting. 🙏

@BamBamSr Год назад

Thank you 60 Minutes for doing this! Being a government watchdog is one of your most important jobs as journalists. Please do a follow-up, don't let them off the hook

@Handball_Mike Год назад

On September 10, 2001, then U.S. Defense Secretary Donald Rumsfeld disclosed that his department was unable to account for roughly $2.3 trillion worth of transactions.

@KrisPcracker Год назад

Just like Killery Killinton's emails whoopsies

@SIGNALFREQ Год назад

Taxpayers💰🗑️

@mr.gamewatch8888 Год назад

@@SIGNALFREQ 💰➡️ 👖

@mysmith7 Год назад

They should be sounding alarms! IF this is and or has been occurring as reported, this is tantamount to economic warfare waged against the American government by the industrial arms contractors complex. These contractors should not be able extort the American government. This is a large part of why its so difficult to have budget discussions. We should look at all the legal tools we have to fix this quick, especially the tools the executive branch has. My guess is they are already all over this.

@ttacking_you Год назад

Both parties are in the pocket of the corporate defense nexus (that was MY attempt at avoiding sounding like a Gen X radical) that's why there's no dissention on the Ukraine issue. Jeffrey Sachs just did an interview with Democracy Now about that . Noam Chomsky has been saying for years we really have 1 party , only it's not apparent until you look at the geopolitics

@millenialsmom2214 Год назад

Agree 100%, although the GQP just held the budget ceiling hostage for 22% cuts across the board, EXCEPT military spending. 🙄 We spend more than the next 10 countries combined! This isn't just a military problem. Once again, we find ourselves dominated by monopolies! I blame some of the inflation we're experiencing and the HUGE wealth gap on corporate monopolies. It's CRAZY to think in a capitalist economy that capitalists are going to do anything other than put profits over country & people. This will persist until we start enforcing ANTI TRUST laws and get the MONEY OUT OF POLITICS.

@nealrutgerskid Год назад

Wow.. you are so naive.

@drago6568 Год назад

you really think anything will change? money controls America. unless a powerful force decides to support our cause to make our country a true democracy. there will always be slaves taking our burdens for us.

@UKindness4 Год назад

Another Republican Clinton Act like the repeal of our banking laws for Wall Street while these corporate sold out Democrats tell you they care about the little guy. Both parties today did this while always picking in the struggling.

@seemore7327 Год назад

Price gouging has been going on for years. Government pays $12,000 for a toilet seat, $7,000 for a hammer!!

@lamontpearce170 Год назад

And nothing ever changes..

@maytons Год назад

One of every two Federal tax dollars is spent on the military industrial complex. Spending 30 percent less would have huge positive impacts for the economy and the value of the dollar.

@lesterryanmd Год назад

Why aren't those people criminally prosecuted for theft, which it obviously is?

@MerchantIvoryfilms Год назад

Protected by the Republican Party that's why.

@sullivanse Год назад

Because the US has the best government money can buy

@kier3202 Год назад

Because the lawmakers are the biggest shareholders.

@isaiahgoodley6188 Год назад

@@kier3202 exactly

@bestbotreview Год назад

Because the pentagon budget department section will mysteriously have another incident

@ArthurGlover Год назад

The DoD has been overpaying for YEARS. When I was on active duty, my team identified significant prices differences between the SAME exact item and was told that our particular item was SPECIAL because of the system that it was in. Remember, the toilet seats. Remember, the hammers.

@StealthyDead Год назад

Our defense department has been gouged to death for years. Fix this garbage and use the money to help our people with healthcare, college, and childcare

@xyzzyi5315 Год назад

Don't forget about all the over watch we'll need for those programs also. No need to let those programs get gouged either.

@Gron257 Год назад

Some of this money is spent by their lobbyists on campaign donations in Washington, and cushy jobs after they leave office. They have no incentive to end this gravy train. This is all on us to fix.

@hunterliggett Год назад

"FIx this garbage" .... yeah .... right. Such wise words. In 1860 Christopher Spencer introduced his "repeating rifle." The War Department would not buy it for many of the reasons articulated here. It was new technology. No one was sure how to use it, support it, train it or pay for it (no less than 300% of the cost of the standard 1861/1863 Springfield). In early March, Wilder (COL John T.) arranged a proposal for New Haven Arms Company (which later became famous as Winchester Repeating Arms) to supply his brigade with the sixteen-shot Henry if the soldiers paid for the weapons out of pocket (later changed to Spencers after a meeting with Christopher Spencer). He had received backing from banks in Indiana on loans to be signed by each soldier and cosigned by Wilder. A better way?

@Fee212 Год назад

Bravo Sir. Well said! 👏

@musoangelo Год назад

In the recent debt ceiling debate, of the 1.47 trillion budget, 890 million of that was for defense and the country was told that any cuts there were off the table. This as the right was threating to plunge our country in chaos over spending.

@MyFavoriteColorIsBLUE Год назад

This has been going on forever!

@popeyedog1087 Год назад

They call it "defense" contractors. More like war machine mafia.

@suntzu1409 10 месяцев назад

How long till these become cartels

@jamil19 Год назад

War is good for business. Military industrial complex can charge anything to the government and no question asked. We the people ultimately pay the bills. Our congressman talks about cutting social security or healthcare, but never about cutting military expenses, and invest in peace.

@kwadjookai8172 Год назад

When generals retire and go work for these companies this is what happens

@MegaLaidback Год назад

No one is surprised about the price gouging by the military contractors. More protection and education for seniors against scams.

@beerbeerbeerbeerbeer Год назад

Feel free to thank one of our Senators for this!

@nozmo3678 Год назад

Everybody knows that an American government contract means ten times the money!

@petedog9581 Год назад

Have congress waive the patent rights for these gougers and manufacture it with someone else.

@Adriodyn 11 месяцев назад

Yeaa, would work if they weren't in on the grift. Lol.

@tragicrhythm Год назад

Informative episode. Really hope something can be done about the price gouging and the scams.

@cooperbt Год назад

My parents were called by a supposed “attorney” telling them that I had rear-ended a car driven by a pregnant woman. The money was apparently needed for my bail. They got tunnel vision, and my father ran to the bank. Fortunately our banker called me and I was indeed home with my car in the garage unscratched. Thank god for her.

@joegaddy610 Год назад

Been watching my whole life... nice work...

@williamaperrow636 Год назад

"As we peer into society's future, we - you and I, and our government - must avoid the impulse to live only for today, plundering for our own ease and convenience the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow." President Dwight D Eisenhower's farewell speech.

@williamaperrow636 Год назад

Thank you all.

@ingridllinas5612 Год назад

All themes were interesting and useful. Artworks by Jeff Koons are beautiful. The latest project on the moon is fabulous. Thanks to you.

@chinookvalley Год назад

I'm disabled. I had a cousin offer to help when my parents died. My brother and I signed on the cousin as POA to take care of the estate, because we both lived out of state, and the cousin lived close to my parents home/estate. She spent over $250,000 took over the home, and bought a new car. There is NO recourse. Sick system.

@popeyedog1087 Год назад

Tell your story to more people! We are getting ripped off!

@laraoneal7284 Год назад

What is POA?

@luminescent__ Год назад

@@laraoneal7284 it means "Power of Attorney", & gives legal authority of decision making on behalf of someone who needs assistance or a trustworthy competent representative (like a mentally or phys. Handicapped, Disabled, Very Elderly or medically incapacitated individual) who is unable to adequately handle/manage things legally/financially themselves so need a reliable person to help with or do it for/ on behalf of them.

@laraoneal7284 Год назад

@@luminescent__ Ty .

@-jovoc Год назад

Meanwhile the IRS is hiring 20,000 new employees to catch middleclass taxpayers from shorting them $50

@nigellei8591 Год назад

They can't touch the rich people. the tax preparers for those rich people are too smart for their own good.

@WJWeber Год назад

No they aren’t. They are primarily for targeting the rich and offering better support. But I want everyone cheating to be caught

@rikopersian6407 Год назад

IRS: Because we don’t make money if we hire people to catch the criminals. 😢😀😀

@SuperTruthful Год назад

they are hiring to replace employees who are retiring get your facts straight

@675daytonarider Год назад

Write your congressman.

@dr.z3426 Год назад

We need a consumer protection act that prevents companies from blocking repairs, with holding information for repair, or making changes to a product for people who have already purchased it.

@DissYraiN 11 месяцев назад

Colorado just passed a right to repair act. signed by a very gay and left govenor.

@thebabel-mandebproject2170 Год назад

I love to listen to you 60 minutes

@ruthgardocki1343 Год назад

What else is new. This has been going on for years in all the Departments of our government!

@mdforseth Месяц назад

I remember military contract price gouging reports from when I was a kid in the 1970s. The military budget, the PENTAGON, must be regularly audited! It’s insane the people who get rich from our tax dollars, including members of Congress who magically know which military-supplier stocks to invest in.

@TedApelt Год назад

I occasionally get emails about my bank account being frozen, virus on my computer, or whatever it is, and I forward them to the appropriate fraud dept.

@nigratruo Год назад

You can be that the pentagon itself has probably no interest to reduce this price gouging, as they might very likely receive kickbacks and payments from the defense contractors to keep this practice in place and not fight it. But then again there are absolutely no budget controls for any defense spending, they pretty much get as many trillions as they want. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-VwZop7SQE2o.html Bernie Sanders talking about how the $778 Billion Defense Budget just sails through congress unchallenged.

@georgegouvas27 Год назад

they have been gouging for ever, my dad told us in the 50's that the military was stealing money by over charging

@lawerancelanham Год назад

Seems to me, the defense department would have been better off to build its own infrastructure for producing what it needs. They've let the private sector manipulate them into a corner and got played by capitalism. We could have built out a self-sustaining system where we mixed a military and civilian employee base and kept the costs right.

@mysmith7 Год назад

And where are all arms contractors profits going anyway? 🤔 Something stinks here.

@bartleydalfonso2853 Год назад

Where does the military brass go to when retirement kicks in? The golf course? Nope, they go work for the defense contractors as "consultants" with huge salaries. Slick.

@Fee212 Год назад

Now we see how John Bennet Ramsey was able to get a $118, 000 Christmas bonus, own two planes and a 30ft yacht. This is so disgraceful. Shame on them. ☹️

@cablebrain9691 Год назад

SCAM STORY REPORT: Wow, I can’t believe how unsavvy these people are. All could have saved themselves this headache if they only followed one rule….NEVER respond directly to phone numbers, e-mail addresses, links or phone call information that YOU have not initiated. Look up the contact information on your-own if you need to inquire about an issue. In the case of the “Grandma call,” she shouldn’t have gone behind the back of the parents, and she could have at least verified the situation with a few simple phone calls. Assume every money/account situation is a scam until safely proven otherwise.

@idorus Год назад

they are old and already lost a bunch of money they don't need you on your high horse shitting on them

@Orcawhale1 Год назад

"Everything is SCAM". "Yeah, fine, Kevin can you chip in for the meal". "It's a SCAM" See, Kevin this is why we never invite you to anything.

@garybowler5946 Год назад

Until gouging is penalized with felony charges for the company officers we can forget about it.

@moviesforrandy Год назад

seems like i read a story like this 30 years ago.

@NomadSupreme911 Год назад

Defense price gouging is the opposite of new information 😂

@kevinnguyen5588 Год назад

Sounds like the semiconductor industry.

@atamh12 Год назад

keep it up MURICA. Making the rich richer

@FBISHOJI Год назад

The country is ran by baffoons I swear

@uncapabrew4807 11 месяцев назад

Need to see who is getting kickbacks!!

@jjrr2273 Год назад

This guy chief negotiator for decades and just NOW speaks up?

@juangenaohoms Год назад

Always always always confirm

@joyyoung8959 Год назад

When my husband was in the Philippines a transistor went out. One of the young Marines there went to Naha and paid .15 cents an fixed the equipment. The commander said “ Oh no we can’t do that. We have to wait for the government to send one. “. It would cost $100. And at that time in 1964.

@TonyToneFixMyPhone Год назад

Same with medical

@javierjalisco17 Год назад

Go back to 1993, the people that encouraged merging and cut watchdogs, if theyre on revolving door either coming from contractor before or are the ones gouging now. Then you know who to charge w treason, sedition, or conspiracy or whatever crime they committed.

@deezsquuezeorg Год назад

Targeting EVERYONE.....

@albertmarnell9976 Год назад

Look at the Military, Industrial, Congressional Complex if you know why the debt ceiling is a problem!!! Yet they pick on the poorest over trivial amounts! Ask Susan Eisenhower!

@dy9278 Год назад

Way to go Pentagon!

@TonyToneFixMyPhone Год назад

exactly

@BamBamSr Год назад

The government has allowed all of these mergers, and not just in defense, in food manufacturing, communications, you name it and the middle class is getting buried because of it 😡 BREAK THEM UP DAMN IT

@millenialsmom2214 Год назад

They're just following in every other US manufacturer's footsteps. "You have to pay us to fix it." 😡 Farm equipment companies are really bad about this. There's a new Colorado Democrat Congresswoman who's husband owns a machine shop and she ran and won in a red district on a bill to stop companies from not allowing people to fix equipment THEY OWN.

@KrisPcracker Год назад

That pay2play regime she belongs to scam Americans in the open and will continue to do so so long as they are able to purchase justices who refuse to look into them. Biden committed a quidproquo that we still have footage of in what the USA then referred to Ukraine as the #2 most corrupt countries in the world. Just to prove they were untouchable they then impeached Trump off of hear say that was an obvious lie then and proven to be now. Everything they accuse their opposition of is what they are its their way of rubbing it in

@maldust7438 Год назад

That's just ROTTEN! I can just imagine how nervous and confused that Woman would of been getting a call thinking her Grandson is in trouble. I mean old people get very nervous easily. And especially putting them through vulnerable situations like that. The scammers obviously could care less about their health. And MOST scammers are from other countries, and Family is VERY important in their cultures. And respecting Parents and DEFINITELY elders is a must! So how would they feel if someone was doing that to their Parents, Grandparents?! They seriously need a taste of their own medicine!! it's just absolutely DESPICABLE putting old people through that! Shame on them!

@vidninjah 29 дней назад

Price Gouging is happening on all food products and no one is talking about that.

@jorgeosuna1759 Год назад

The defense budget went up! They should learn to be frugal rather than asking for more money. This country is supposed to be a competitive capitalist financial system but it seems to always boil down to only a greedy few owning everything! There needs to be drastic change in the U.S.

@Africa-Liberation-Army Год назад

I never respond to such messages. I always get those phishing messages from scammers sometimes even on my cell phone. Latest one less than two weeks ago. They message you that you’ve either won something or have been hacked

@observer7418 Год назад

"let business do their thing" = allowing child labor, poisoning villages' water systems, wage theft, price gouging etc.

@boslyporshy6553 Год назад

Its all fun and games til you end up in the business' path.

@donnapido3824 Год назад

Cold comfort, but we have similar scams here in Kenya. Just yesterday one hit me to send money to save the life of a kid who had been hit by a motorcycle. I declined and then found out that the 'doctor's' phone number had been ID'd 15 times that day a couple of hours before me for scamming

@timp1970 5 месяцев назад

How can you fall for these stupid, obvious scams? Especially today. People are getting stupid.

@cheickfall7399 27 дней назад

It is scary for real if these companies do not really care about the country. They do not care if the country goes bankrupt in the long run.

@lizardkingwalking Год назад

Someone puts a price on a product and someone pays for it....the fault is on the one who is paying if price is too high

@ogenevieve Год назад

I can't shake the feeling that this "artist"isn't an artist at all, but a Gov't employee who's taking every day items and laundering money for them.

@WheelerRickRambles 5 месяцев назад

As a politician…you award the military contract to civilian company owner so&so…then, a yr / 18 months later, that so&so makes a sizable donation to your campaign … Is how I always thought it worked.

@kmos1948 Год назад

Always … it just goes on and on. Year after year at the Pentagon

@rb8049 11 месяцев назад

40% is not absurdly high. It’s reasonable. The problem is costs are too high, not profits are too high!

@annamariaverduzco6237 10 месяцев назад

It’s always been out of control since the 80s

@stanleykania7184 11 месяцев назад

Government is like,what you gonna do about it?

@1940ruth 11 месяцев назад

Whatever happened to government control of monopolies? (The Bell system was required to limit profit to 10% and to hold public hearings before changing prices.)

@dorthymcbride3384 Год назад

This reminds me of the cell phone and gaming systems.....the manufacture develops better and better products to charge more and more money! Greedy world!

@Sashazur Год назад

The difference is that people can choose to spend less on their phones or games and not risk the safety of their country.

@imthelovestamp 11 месяцев назад

You know that these companies are lobbying HARD to keep the status quo

@jeffrey.a.hanson Год назад

‘Ballon Dog’ needs to replace Wall St.’s ’Charging Bull’ for one day. 💵🐩🗽

@kryptonarie6367 Год назад

And working and poor Americans wonder why we're not allowed to have anything nice?

@williamelliott Год назад

Many of these scams come from India as well. My wife gat a new I -pad a few years back and in jyst a few days a pop up came on screen saying there was a problem and to call a certain number. I called that number and they wanted a large amount of money to repair it. The I -pad would not work. I told them it was brand new and I am calling the manufacturer and the FBI and immediately the I -Pad started working perfectly.

@findingmo7049 Год назад

If the government can take private properties under eminent domain, what’s stopping congress passing a bill to take over private contractors in the nation’s best interest? The military contractors are not pro America, they wouldn’t be where they are without tax payers. Time to remind them who they’re doing business with.

@kburton531 Год назад

Ok I get that they're older people, but think about that entire process. Someone from law enforcement or some lawyer is gonna stay on the phone with you for an entire hour. Walking you thru a process step by step, instruction after instruction, and telling you who not to contact smmfh. However that A.I stuff is scary, but I'd ask a question that only that family member would know, or immediately hang up and contact the individual directly.

@davemarr7743 Год назад

Empires collapse from the inside out.. When profits exide patriotism ..

@TheJagjr4450 Год назад

IF they will not let you get off the phone... it is a scam.

@MerchantIvoryfilms Год назад

2024 Republicans: Build up more military bases/navy/air force! Give them ALL our money!

@karenwaddell9396 Год назад

And yet the only discretionary funds they don’t want to lower but continue raise is defense budget?

@iknowcommonsense395 Год назад

There’s enough engineers and scientists in DoD to reverse engineer the hardwares if they could. The problem is they can’t because of some patent rights bs.

@glenclarkchidley3637 Год назад

And I can’t get proper care at the VA

@robertking3090 Год назад

Sounds like the government needs to break up the Oligopoly they created a let compitition come in.

@justynhunter9976 11 месяцев назад

Kickbacks

@popeyedog1087 Год назад

Nick Howley deserves Life in Prison.

@mr.gamewatch8888 Год назад

I knew it, I said it never made sense how much they spend and nothing happened. Even a kid could see it

@gwendolynkatz3067 Год назад

The cost of everything has gone up because of fuel cost rising shipping it from overseas . Not price gouging do you think Americans don’t know

@shirleylavernerosej.120 Год назад

So should our defence being in the 🙌🏼 4private pay?

@mohammed.mustabi5817 Год назад

there a trend with not being able to fix your own stuff

@millenialsmom2214 Год назад

Yet GQP just held the budget ceiling hostage for 22% cuts across the board, EXCEPT military spending. 🙄 We spend more than the next 10 countries combined!! All this money spent BUT NOT on Veteran's benefits! 🤬 This isn't just a military problem. Once again, we find ourselves dominated by monopolies! I blame some of the inflation we're experiencing, and the HUGE wealth gap, on corporate monopolies. It's CRAZY to think in a capitalist economy that capitalists are going to do anything other than put profits over country & people. So Matt Gaetz can spare me the "free market private sector does it better BULL SH!T." This will persist until we start enforcing ANTI TRUST laws and get the MONEY OUT OF POLITICS. P.S. Don't get it twisted, "Corporate Democrats" are just as guilty of proping up the Military Industrial Complex.

@flicmartin9305 Год назад

Easy way to uncover a scammer. Ask what brand of toilet paper they prefer… unknown =wipeasswithhand.

@sbiheanachor4646 Год назад

Targeting Seniors in USA..... Q1. Why are big corporations in America using TPA's in foreign countries and giving them accessibility to private information? The big USA corporations go as far as giving the TPA's in foreign countries employees American first names and giving speech classes to speak without an accent....is this right?

@duckduckens4164 Год назад

We spend 25% of our budget on the military....

@gemelwalters2942 Год назад

why isn't the military producing this stuff themselves. Considering the losses each year they may as well be. This idea that private companies will police themselves is ridiculous in every aspect.

@garym7989 Год назад

HOW is it that any US level gov. can apply imminent domain and simply take over a perso´s property, AND YET A CROOKED COMPANY, STEALING MONEY, AND ENDANGERING NATIONAL SECURITY, has an Axe over the head of OUR government and our military in actual dangerous events? I think politicians are in on this as well. LOOK There.