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But now, because you bought it in an area
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Hot Money

But now, because youbought it in an area where there's rising sea level, maybe that...

But now, because you
bought it in an area where there's rising sea level, maybe that nest
egg's not so secure

Full Transcript

00:00:01.000 --> 00:00:03.536
- But now, because you bought it in an area
00:00:03.536 --> 00:00:05.705
where there's rising sea level,
00:00:05.705 --> 00:00:07.941
maybe that nest egg's not so secure.
Duration
8 seconds
Views
14
Timestamp in Movie
01:23:17
Uploaded
May 25, 2025
Genres
documentary
Production
N/A

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Movie Summary

Former NATO commander Wesley Clark and son explore economic forces linking various sectors, revealing interconnections that can lead to collapse and potential solutions to untangle them.
In order to convert his nest egg to cash, - Hot Money 00:13
In order to convert his nest egg to cash,
- Okay, so John is now literally John on the street. - Hot Money 00:06
- Okay, so John is now literally John on the street.
- [Wesley] The nice house that we're gonna buy - Hot Money 00:07
- [Wesley] The nice house that we're gonna buy
- Flood involves the U.S government - Hot Money 00:25
- Flood involves the U.S government
- [Wes Jr.] Then we started talking - Hot Money 00:06
- [Wes Jr.] Then we started talking
- So we call the insurance company two days before, - Hot Money 00:06
- So we call the insurance company two days before,
And they call us back and say, - Hot Money 00:17
And they call us back and say,
That's an entire, - Hot Money 00:08
That's an entire,
(jet engine roaring) - Hot Money 00:08
(jet engine roaring)
So as things get worse, the insurance companies - Hot Money 00:08
So as things get worse, the insurance companies
- These latent, hidden climate risks - Hot Money 00:13
- These latent, hidden climate risks
- And right now this house is listed for $49,000. - Hot Money 00:06
- And right now this house is listed for $49,000.
At the peak of the market, it went to about $250,000. - Hot Money 00:05
At the peak of the market, it went to about $250,000.
- It's not only the owners that lose their assets, - Hot Money 00:07
- It's not only the owners that lose their assets,
It's those that bought the secularized mortgages - Hot Money 00:09
It's those that bought the secularized mortgages
- And unless we're prepared to continue to write - Hot Money 00:19
- And unless we're prepared to continue to write
Or should we in fact not permit - Hot Money 00:15
Or should we in fact not permit
- No, that's the really scary thing - Hot Money 00:08
- No, that's the really scary thing
(train approaching) - Hot Money 00:13
(train approaching)
From that standpoint, the facilities are as vulnerable - Hot Money 00:07
From that standpoint, the facilities are as vulnerable