Household debt hits $14 trillion, we're in a 'monster bubble' (Full show)
The new US household debt numbers show that Americans have borrowed higher and higher amounts of money every quarter for the past five consecutive years. Collective household debt has surpassed $14 trillion for the first time. RT America's Sayeh Tavangar reports before John Grace of founder and president of Investor's Advantage Corp and author of "Making Finance Make Sense" joins Rick Sanchez to weigh in. He argues that "the debt level is enslaving Americans" and that "sooner or later, the music stops." RT producer Joe Ricci reports on Syria's recognition of the Armenian Genocide before Aram Hamparian of the Armenian National Committee shares his insights. What happens to the bodies of those infected with the deadly COVID-19, formerly known as novel coronavirus? RT America's Natasha Sweatte reports. RT's Eisa Ali reports from London on the BBC's struggle for relevance as they face declining viewership and numerous scandals before nationally syndicated journalist and podcast host Ruben Navarrette weighs in on the muddled state of US media.
United States unemployment surged to 14.7 percent in April, the highest rate in almost 90 years.
More than 20 million jobs were lost during the month as the coronavirus pandemic shut down the economy.
Al Jazeera's Patty Culhane reports. Dr. Anthony Fauci, the nation's top infectious disease expert spoke about when he knew the coronavirus was getting serious. Fauci said, as soon as there was "community spread…then it became clear that we were in real trouble…that was towards the middle to end of January." Economist and publisher Gerald Celente joins Rick Sanchez to forecast what's ahead for the troubled global economy at the brink of what he predicts will be "the greatest depression." He argues that full-blown international war may be on the horizon as a last-ditch effort to rescue national economies from total collapse. He also points out that politicians have "no exit strategy" when it comes to the battle against COVID-19.
#QuestionMore #RTAmerica New numbers from Statistics Canada put the Canadian unemployment rate at 13 per cent. In the United States, the rate is even higher.