it's<00:00:00.840> bad<00:00:01.140> right<00:00:01.380> what<00:00:01.620> is<00:00:01.800> happening<00:00:02.040> is<00:00:02.280> bad

it's bad right what is happening is bad

it's bad right what is happening is bad and<00:00:03.240> it's<00:00:03.360> going<00:00:03.480> to<00:00:03.600> get<00:00:03.659> worse<00:00:03.899> and<00:00:03.959> the

and it's going to get worse and the

and it's going to get worse and the reason<00:00:04.200> I<00:00:04.440> know<00:00:04.560> that<00:00:04.799> is<00:00:05.520> because<00:00:05.700> as<00:00:05.940> I've

reason I know that is because as I've

reason I know that is because as I've been<00:00:06.299> speaking<00:00:06.600> about<00:00:06.720> from<00:00:06.960> the<00:00:07.080> beginning

been speaking about from the beginning

been speaking about from the beginning in<00:00:08.400> the<00:00:08.460> last<00:00:08.580> three<00:00:08.760> years<00:00:08.880> there's<00:00:09.179> been<00:00:09.420> a

in the last three years there's been a

in the last three years there's been a massive<00:00:10.260> transfer<00:00:10.679> of<00:00:10.800> cash<00:00:11.040> from<00:00:11.820> the

massive transfer of cash from the

massive transfer of cash from the government<00:00:12.000> to<00:00:12.300> the<00:00:12.480> rich<00:00:12.599> the<00:00:13.200> rich<00:00:13.440> are

government to the rich the rich are

government to the rich the rich are still<00:00:13.740> sitting<00:00:14.040> on<00:00:14.160> that<00:00:14.280> money<00:00:14.460> they<00:00:15.059> will

still sitting on that money they will

still sitting on that money they will use<00:00:15.420> that<00:00:15.599> money<00:00:15.719> to<00:00:15.960> buy<00:00:16.080> their<00:00:16.260> assets<00:00:16.560> from

use that money to buy their assets from

use that money to buy their assets from the<00:00:16.859> middle<00:00:17.039> class<00:00:17.279> to<00:00:17.880> drive<00:00:18.180> up<00:00:18.480> things<00:00:18.660> like

the middle class to drive up things like

the middle class to drive up things like house<00:00:18.960> prices<00:00:19.260> to<00:00:19.619> drive<00:00:19.920> up<00:00:20.160> things<00:00:20.340> like

house prices to drive up things like

house prices to drive up things like stock<00:00:20.760> prices<00:00:21.000> which<00:00:21.660> makes<00:00:21.840> the<00:00:22.080> rich<00:00:22.199> richer

stock prices which makes the rich richer

stock prices which makes the rich richer and<00:00:23.039> makes<00:00:23.160> it<00:00:23.340> harder<00:00:23.580> for<00:00:23.699> middle<00:00:23.880> class

and makes it harder for middle class

and makes it harder for middle class people<00:00:24.359> to<00:00:24.539> move<00:00:24.720> up

people to move up

people to move up so<00:00:27.060> we<00:00:27.240> know<00:00:27.480> the<00:00:27.779> middle<00:00:27.960> class<00:00:28.140> will<00:00:28.380> shrink

so we know the middle class will shrink

so we know the middle class will shrink we<00:00:29.820> know<00:00:29.939> life<00:00:30.300> will<00:00:30.539> continue<00:00:30.720> to<00:00:30.900> become

we know life will continue to become

we know life will continue to become more<00:00:31.320> unaffordable<00:00:31.679> for<00:00:31.859> ordinary<00:00:32.340> people<00:00:32.579> we

more unaffordable for ordinary people we

more unaffordable for ordinary people we know<00:00:33.120> these<00:00:33.300> things<00:00:33.420> will<00:00:33.600> happen<00:00:33.780> and<00:00:34.440> we

know these things will happen and we

know these things will happen and we know<00:00:34.739> there's<00:00:34.980> no<00:00:35.219> mechanism<00:00:35.640> to<00:00:35.880> reverse

know there's no mechanism to reverse

know there's no mechanism to reverse that<00:00:36.360> because<00:00:36.480> once<00:00:36.719> the<00:00:36.840> rich<00:00:37.020> get<00:00:37.260> richer

that because once the rich get richer

that because once the rich get richer they<00:00:38.100> buy<00:00:38.280> more<00:00:38.460> assets<00:00:38.760> from<00:00:38.880> the<00:00:39.000> middle

they buy more assets from the middle

they buy more assets from the middle class<00:00:39.360> middle<00:00:39.840> class<00:00:40.079> gets<00:00:40.440> poorer<00:00:40.800> which

class middle class gets poorer which

class middle class gets poorer which means<00:00:41.399> that<00:00:41.579> the<00:00:41.820> rate

means that the rate

means that the rate of<00:00:43.079> inequality<00:00:43.680> increasing<00:00:44.040> increases<00:00:44.399> more

of inequality increasing increases more

of inequality increasing increases more because<00:00:45.300> the<00:00:45.540> middle<00:00:45.660> class<00:00:45.840> has<00:00:46.079> less<00:00:46.260> assets

because the middle class has less assets

because the middle class has less assets and<00:00:47.640> which<00:00:47.820> has<00:00:48.059> more<00:00:48.180> assets<00:00:48.539> so

and which has more assets so

and which has more assets so we<00:00:50.219> know<00:00:50.340> things<00:00:50.520> will<00:00:50.640> get<00:00:50.820> worse<00:00:51.120> and

we know things will get worse and

we know things will get worse and ultimately<00:00:52.500> at<00:00:52.800> the<00:00:52.980> end<00:00:53.039> of<00:00:53.160> the<00:00:53.280> day

ultimately at the end of the day

ultimately at the end of the day the<00:00:55.559> speed<00:00:56.039> at<00:00:56.219> which<00:00:56.399> life<00:00:56.579> is<00:00:56.760> getting<00:00:56.879> worse

the speed at which life is getting worse

the speed at which life is getting worse now

now

now people<00:00:58.500> are<00:00:58.680> not<00:00:58.800> going<00:00:58.920> to<00:00:59.039> accept<00:00:59.100> it