Professor Richard Wolff: Coming Economic Crash Will be WORSE Than Great Depression

Professor Richard Wolff gives his thoughts on new statistics revealing 32% of households have not yet made their full housing payments for July.

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[woodedape]

Renters can't pay their rent, Landlords can't pay their mortgage, and the Bankers get bailed out.

[maxdoubt]

People were treading water before. Now they're drowning.

[edwinaespeleta]

All those who are going to be evicted and become homeless should go the their politicians' homes, kick them out so they can live there.

[bigolerednek]

This economy we are experiencing was set in stone 20+ years ago when the mega-wealthy decided to send our jobs overseas.

[tracytracyWM]

The surge in homelessness is absolutely terrifying.

[fairdose]

Someone else said this but it's an apt description: America is a third world country holding a Gucci bag.

[thomasjensen]

The wealth gap keeps increasing with no end in sight...millionaires becoming billionaires and middle class becoming poverty level.

[tonynoel]

The Federal Government is just a Ponzi scheme.

[matthewmcree]

The second I saw that Richard Wolff was speaking on Rising about the economic catastrophe, I immediately clicked on it. This man is a genius and needs to be the one running the Federal Reserve.

[dbrandon]

Funny how the airlines get a bail out but not the taxpayers who paid for the bail out....

[godam]

Those who don’t learn history are doomed to repeat it

[normkunesh]

I only pay cash, own everything, the house full of food, and finally got my 45cal. and lots of ammo.

[The_Gnome_Chomskee]

My friend in Colorado still hasn’t seen his first unemployment check. He was laid off in March.

[Pnkfloid]

Saddest thing is. We already have homeless sitting outside unoccupied apartments and houses.

[kmstirpitz]

People have been predicting this crash was going to happen years and months before 2020 and still people think Corona caused it. 🤦‍♂️

[rockstarnurse]

Our money used to be backed by gold, then backed by oil....but now? What they're printing at the Federal Reserve I could print from the computer in my apartment, and the worth would literally be the same.

[rayforray]

I've never had a car note, paid all my credit cards.
At this point I owe nobody except paying my rent, car insurance and internet bills. I'm saving and investing as much as I can because I know the worse is about to come. Take my advice people cut down on ur spending and stay outta debts!!!!

[joeows]

Dr. Wolff is brilliant!!... I started following him during Occupy Wall Street back in 2011.... I believe he would be an asset to any administration!

[annestricker]

This has been set up in some ways and was years in the making.

[ljzmypi]

occupy.... don't leave your homes or apartments to live on the street they bailout banks that were too if to fail.people all over the world should stop paying bills period