GoldSeek Radio's Chris Waltzek talks to Laurence J. Kotlikoff, a Professor of Economics at Boston University,
Highlights
According to economist Dr. Laurence Kotlikoff, the nation is facing runaway prices that could send the PMs skyward.
With over $200 trillion in total debt, more than twice as severe as bankrupt Detroit - policymakers may find salvaging the system challenging.
His new FREE book: You're Hired! illustrates how the working / middle class are trapped in an impossible welfare system.
He outlines his plan to revamp the system with proper incentives. He encourages listener to forward the plan to their congressional leaders.
Six months before the Treasury market collapse, he advised our listeners to avoid debt.
Given the threat of higher rates, municipal debt is at risk.
Job automation is gaining momentum via automated pharmacies, toll booths, restaurants, retailers, etc.; expect greater income distribution inconsistencies.
The discussion includes recent news that an IBM Watson computer replaced 34 mid-level insurance analyst positions, facilitating windfall profits.
Although shareholders will benefit, workers should take note as even formerly secure white-collar jobs are now at risk.
Our guest outlines pragmatic policies to reform the banking, healthcare and fiscal systems.
According to economist Dr. Laurence Kotlikoff, the nation is facing runaway prices that could send the PMs skyward. With over $200 trillion in total debt, more than twice as dire as bankrupt Detroit - policymakers may find salvaging the system challenging. His new FREE BOOK: You're Hired! illustrates how the working / middle classes are trapped in an impossible welfare system - he outlines his plan to revamp the system with proper incentives. Dr. Kotlikoff encourages our listeners / readers to download the book and forward it to their congressional leaders. Six months before the Treasury market collapse, he advised our listener's to avoid debt. Given that higher interest rates are likely, municipal debt is at risk. Job automation is gaining momentum, such as automated pharmacies, toll booths, restaurants, retailers, etc., increasing the risk of greater income distribution inconsistencies and related societal unrest. The discussion includes recent news that an IBM Watson computer, which bested human contestants on the TV show Jeopardy, was purchased by a Japanese firm to replace 34 mid-level insurance analyst positions, resulting in a windfall profit for the company. Although shareholders will benefit, workers should take note formerly secure white-collar jobs are now at risk of automation. Sensible reform of fiscal, banking, healthcare policies could right the system.
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The apocalypse is the advice of Nigel Farage: join American banks, wall street, enforce the Economical Nato against Europe; get toilet paper currency which is the us dollar and enslave British citizens, and demoralize them with and internal civil war: He does not even understand what BREXIT means, surprisingly he believed is all real, is not. Nigel don’t forget the one that controls the past controls the future and is not Murdoch that has that power, neither TRUMP. Unfortunately, America is the problem not Europe, your problem is that you now exist on an upside-down realm, and your perception is totally off, yes European banks are gone so are British banks and American banks, the industrial revolution the 1913 system is over. That is the reality that you do not perceive. Now there is a new system put in place, which you do not recognize on your upside-down world neither TRUMP. When a new system is put in place is not advertised on the front pages of a newspaper it just happens.
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