We Are All Financially Vulnerable

Money For the Rest of Us

J. David Stein

Investing, Investing Podcast, Business, Economics, Economy

4.5 • 1.4K Ratings

🗓️ 22 January 2020

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How to protect against financial hardship and assist others who are struggling financially.

Topics covered include:

Why are so many families leaving Central America and seeking to enter the United States.
How have U.S. immigration patterns changed.
Why immigration leads to higher economic growth.
Why unsheltered homelessness is increasing around the world and what strategies have been effective in reducing homelessness.
What can individuals do to assist the homeless and others who are in financial distress.

Note: The original audio file stated that "oftentimes they [the ayslum seekers] wouldn't ever show up for their court case." That is an inaccurate statement. Most asylum seekers attend their court hearing. The audio has been modified to remove the inaccuracy.

Thanks to The Bouqs Co. for sponsoring the episode. Use code: david. Also thanks to Policygenius for being a long-time sponsor of the show.

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Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Money for the rest of us. This is a personal finance show on money, how it works, how to invest it and how to live without worrying about it.
0:10.0	I'm your host David Stein today is episode 284. It's titled it's
0:14.0	titled,
0:15.0	We Are All Vulnerable.
0:18.0	Last week I spent several days
0:21.0	backpacking with my son and daughter-in-law in Oregon Pipe Cactus National Monument
0:26.5	in southern Arizona about 10 miles from the U.S. Mexico border.
0:31.5	That particular area of Arizona is covered by the Ajo Station of the U.S.
0:38.4	Customs and Border Protection. Their website points out the area of responsibility encompasses over 52 miles along the international border,
0:49.0	nearly 8,800 square miles of operational area.
0:55.1	They write, to effect an illegal entry within the Ajo area of responsibility, illegal
1:00.9	aliens are often committing to several days in the remote desert with little to offer in relief.
1:07.6	Rough rocky terrain, flat desert covered in cactus and brush, and numerous mountainous regions are predominant in the area
1:16.4	and make travel even in accessible areas difficult.
1:20.8	We hiked seven and a half miles up a rocky and sandy wash.
1:27.0	We each brought eight liters of water.
1:31.0	As we walked, there were a few empty containers, water jugs that were in the shape of
1:37.3	Clorox bleach bottles, but they were jet black. About a mile from where we camped, we found the discarded items of someone who apparently had been
1:49.6	apprehended to use the phrase that Border Patrol uses.
1:54.0	There was a pair of Levi jeans, socks, a camouflage vest with provisions, binoculars,
2:01.0	packages of tuna in Spanish, a toothbrush and a tube of Colgate
2:07.8	triple action toothpaste with the lid undone. It looked as if this individual had been caught while brushing his teeth.
	...

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