The Power of the Fed (full documentary)

The Power of the Fed (full documentary) | FRONTLINE

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@jerrycampbell-ut9yf 15 күн бұрын

The FED knows. They aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop

@larrypaul-cw9nk 15 күн бұрын

Recessions are a fact of life in the economic cycle, so the best course of action is to make sure you're prepared for them and have a solid plan in place. I was directly impacted by inflation when I started working during the crisis of 2009, and I learnt how crucial it is to create more passive income to offset it.

@Mrshuster 15 күн бұрын

Long-term investors with experience know that economies and markets tend to rebound over time, so it makes sense for investors to be ready for when this happens. I can speak from personal experience when I say that I have made huge returns from my heavy investments in this unpredictable market; at this writing, my portfolio has increased by 60%. I'll keep a close eye on things for the time being and progressively increase my stock holdings when possibilities present themselves.

@sabastinenoah 15 күн бұрын

How did you manage to accomplish that? My attempt has been to remain with index funds. This economy could collapse, in my opinion, due to the recent interest rate hikes. I want to find a better way to invest because I have a lump sum that inflation is steadily depleting.

@Mrshuster 15 күн бұрын

Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@sabastinenoah 15 күн бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@HersderaNilers Ай бұрын

It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be re-established right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.

@SarachiWowa Ай бұрын

I believe SVB was making an effort to reorganize their bond portfolio. Yes, they would lose money if they sold their low-yielding bonds. But, they were trying to make up for it by repurchasing bonds on the open market at the higher interest rate.

@ChileyaMatildah Ай бұрын

Although the economy has so far held up, the SVB scenario serves as a warning that Fed rate hikes are still having an impact. At times like this, investors must be vigilant about the next inevitability. You don't have to act on every forecast, therefore I'll advise you to hire a financial counselor. This has been my fallback position for a while.

@GersderaNioer Ай бұрын

Would you mind telling me how to contact this specific coach using their service? Unlike the rest of us, it appears you have figured everything out.

@ChileyaMatildah Ай бұрын

Her name is “Jessica Lee Horst” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@SarachiWowa Ай бұрын

I find this informative, curiously explored her on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated😀🥰🥰

@JohnDaniels 2 жыл бұрын

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson

@bigperm9903 2 жыл бұрын

Exactly also by Thomas Jefferson "People who will not turn a shovel to pull the dirt, nor contribute a pound of materials on a project, will collect more money than the people who supply all the materials and do all of the work."

@JohnDaniels 2 жыл бұрын

@@bigperm9903 100% that is so awesome that you said that I've read that a long time ago and I totally agreed with it, it's like a some big distortion, corruption in the economic system.

@toddinthemiddle Жыл бұрын

@@JohnDaniels the world is run by psychotic criminals

@aspiringvoiceactor645 Жыл бұрын

JFK tried ending them and was killed for it.

@LukeT1 Жыл бұрын

Thomas Jefferson never said that.

@NicholasBall130 6 ай бұрын

It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?

@StacieBMui 6 ай бұрын

From austerity measures to Brexit, and now with widespread bank failures, it's crucial to conduct your own research and seek advice from a licensed advisor before considering investments in these volatile markets.

@StocksWolf752 6 ай бұрын

Exactly, most youtubers said the market would be fine few months back, but it's been a major downturn. Luckily, since the rona-outbreak in 2020, I've avoided the drawback of trial and error by simply following professional guidance. I'm semi-retd and work only 7.5 hours weekly, with nearly $1m ROI after subsequent investments to date.

@EleanorBaker474 6 ай бұрын

Could you kindly elaborate on the advisor's background and qualifications?

@StocksWolf752 6 ай бұрын

The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name, She's established.

@VictorBiggerstaff 6 ай бұрын

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

@arnstucki8641 3 жыл бұрын

The market is no longer a free market, when stock & bond prices are manipulated into oblivion, and corporations are propped up, unable to fail.

@GuyMichaely 3 жыл бұрын

Stonks only go up noob

@Samantha30090 3 жыл бұрын

And whose fault is that? If you accept criminal behavior, you'll get criminal behavior.

@DD_MENEN 3 жыл бұрын

@drowsy_mouse8406 3 жыл бұрын

Right like we have any say at all over the corruption

@handlemonium 3 жыл бұрын

No wonder they're delaying the certification of crypto ETFs.

@gabriele894 Жыл бұрын

> When you read articles about financial freedom, you may hear people talk over and over again about how they spend next to nothing to be able to retire at a younger age like 30. Instead, they may have already achieved financial freedom and boast about how frugal they were in order to retire well before the typical retirement age.

@M_Harry2 Жыл бұрын

Planning for retirement, or even financial freedom, is a marathon and not a race, as the saying goes. Breaking your financial independence goals into small pieces can help you stay on track while making the process a little more manageable and hopefully a little less stressful. Even if you are starting small, the important thing is to start. The investment creates a safe haven for the future. Everyone needs it so you don't go bankrupt when you stop working

@M_Harry2 Жыл бұрын

It really amaze me how i made it from living an average life to earing huge profit every month. all thanks to Sherman Williams Trading.. I don 't know how he does it but he definitely makes it possible, I believe in him..

@sophiahermann Жыл бұрын

Yeah that's true and investment creates a safe haven for the future, It's rare these days to get a profitable source to invest it. Is Sherman Williams Trading that good?

@M_Harry2 Жыл бұрын

In the scale of 1 to 10 I'm going to give 8 just because no one is perfect in the trading zone but when it comes to making profits.... believe me when i say he came surprise you when you list expect.

@DAV_B Жыл бұрын

Yes you are right, no one is perfect in the trading zone but still making good profit from it, I think I'll like to give Sherman Williams Trading a trial and see how it goes. I love creating multiple source of income because it never funny at the end when you depend on one source of income especially when you are retired.

@claudiaperea 3 жыл бұрын

28:08 Dude, no matter how many times you say you’re helping the poor still doesn’t make it true.

@db5823 3 жыл бұрын

He looks like a deer in headlights. He looks very nervous and stiff, like he knows he's spinning the truth and playing a fancy game of words and twisting theories.

@ramhusk6818 3 жыл бұрын

@@db5823 His level of insincerity is unnerving

@shortthevix9599 3 жыл бұрын

Dude is a former Goldman Sachs fat cat. Some say he still works for them under the guise of the Fed.

@GuestYouTubeUser 3 жыл бұрын

I don’t want to sound rude. But those people are poor because they have low IQs. The bright shine, the dim shadow. I came from poverty & now I’m making $130K a year. You have to take advantage of your opportunities. Don’t stay complacent, take risk. Best of luck.

@sklord266 3 жыл бұрын

What do expect from the Goldman squid lies. Data clearly shows it has not helped the poor. If they stop buybacks and force the earning to be paid towards employees and investor via div. Also coporates will save for rain day funds. Why it so difficult to do this?

@3000yearslater 2 жыл бұрын

Can we just stop for a moment to appreciate the quality of information given to us over the internet world wide

@tylerdurdin8069 2 жыл бұрын

I'd like to recognize the great quality of information I have got from PBS. The Internet is vastly misinformation that promotes people living in a fantasized reality of their own creation by seeking information they prefer to see and believe in.

@milire2668 2 жыл бұрын

@Otis-Tank Жыл бұрын

Can we not just make posts that will hopefully get them most likes because it's actually lame. Can we actually post what we THINK instead of what might be the most popular

@rbs0648 8 ай бұрын

1972, my dad was an assistant manager for JC Penny, earning $18,000 a year. My mom was a full time stay home housewife. In Southern California, that same year my parents bought their 3bd/2bath, 1600 sq foot home for $32,000. Today, that same home is valued at $1.6 million and only people that can afford a $11,000 a month mortgage are allowed to live in that neighborhood today. Fast forward today, something went drastically wrong.

@luphumzonashwa1847 4 ай бұрын

Its funny how they say the lowering of rates makes housing more affordable. Thats not true, as more people finance their homes with loans that in turn increases the value of property (law of supply and demand). And these funds do not add to the output of the economy (GDP), unless you are building your house from scratch. This just means our kids will have to work 10 times as hard to afford a 2 bedroom house.

@michaelyoung3162 3 жыл бұрын

The guy said it all in this video “The market is a confidence game”…. and 99.99% of us aren’t in the game.

@ArchYeomans 3 жыл бұрын

I'm 99.9% confident that my standard of living has not improved over the last 10-years or more. I work in retail and trust me, it's broke af because I only get .10 cent raises every year while my CEO, CFO, COO makes billions every year off the sweat, blood, and tears of the wage slaves. Capitalism is a crime.

@kierenvanderhaar6329 3 жыл бұрын

And never have been

@darrylegbert9239 3 жыл бұрын

The terms "con artist" and "con game" are abbreviations for a "confidence artist/game". The Fed is a con artist on the greatest scale.

@shootermcgavin4999 3 жыл бұрын

@@ArchYeomans crony capitalism. Big Tech, big gov, big corporations working together to screw over everyone. Small business capitalism is not a bad thing. The big corporations are not competing fairly. Socialism is def not the answer.

@snowballeffect7812 3 жыл бұрын

@@darrylegbert9239 He was talking about the financial market in general. The fed is just one part of it.

@Stranger_In_The_Alps 3 жыл бұрын

“It’s a big club, and you ain’t in it” George Carlin

@007supertime 3 жыл бұрын

He was the best they killed him too

@007supertime 3 жыл бұрын

BERNIE SANDERS SHOULD HAVE BEEN THE PRESIDENT NOW, If these crooks and idiots would give the money directly to the homeowners to pay their mortgages, that in turn they could make their payments to banks who would get the money anyways through the homeowners, that would save people from foreclosures keep their house, and inject money into economy ,but instead they gave the money to Banks (TOP) whom would not lend out the money, and foreclosed on homes anyways, what is wrong with this picture is trickled down economy what Senile Ronald Reagan economics never worked years ago. so people who did not need to money ion first place got more money. results tent cities. and inequality widened, mean time our deficit that our kids will end up paying got poorer, what part of this a good plan,? I am not economist, I would have known that it is a stupid plan, you want to help economy? they should have done what they are doing it today, give American people the money directly, they will pay off things buy more and economy will grow, and money always end up in the bank anyways as one spends seller puts it in the bank ,money keep circulating through the bank so they would have been fine, no matter what money always ends up in the bank, NO MATTER WHAT. so FK the Bank, think of the people , with the money FED printed they could have bought all the banks free and clear.

@Simon-kq8xs 3 жыл бұрын

@@007supertime you understood lieterally nothing ffs

@WilliamSchlott 3 жыл бұрын

The club they beat us over the head with.

@TravisBerthelot 3 жыл бұрын

One of my favorite quotes.

@solo_mattic 2 жыл бұрын

I had never heard anyone put QE in terms of trickle down economics, but when Stiglitz said it, it just clicked. Great doc and very eye opening for anyone who doesn’t know how the fed works.

@vulnavia691 3 жыл бұрын

I love how having a job is now somehow classified as an asset. The money from that job is going to rent (someone else's pocket), to food, to petrol, to utilities. There is no growth or even basis in this "asset".

@ThatCasualZach 3 жыл бұрын

Lol so what is a job? Is a job expected? Is it a right? Try being homeless without a job and you'll understand that when you hold down a job, you're holding onto your base asset. If you go to work at 8am, go home at 5pm, and do nothing to expand your skills and workload then you are failing yourself. Things are earned, not deserved. Your statement is a socialist sentiment. Get creative, not bitter

@colekeenan5825 3 жыл бұрын

@@ThatCasualZach So given your statement on "things are earned, not deserved" that would also imply that if you are homeless you earned your way to being homeless. Also if your putting more of a workload on top of you or more than your 8-5 your then taxing your body. So then you are still failing yourself just in a different way.

@ArchYeomans 3 жыл бұрын

Alien skull man wants you to value your job as he prepares Earth for an invasion of his species.

@RichAtHeart 3 жыл бұрын

Asset, because we citizens are pledged as laborer's

@Rippypoo 3 жыл бұрын

@@ThatCasualZach You must’ve been watching the video with blinders on., If you watched it at all. Spare us the Capitalism-speak and the hustle and gig economy and “personal responsibility“ bullshit. You might as well bring out the old tropes of “It’s a dog-eat-dog world“ and “Survival of the fittest“. There are millions of people in the working class who just do not have the aptitude to become creative with investment instruments. working class and low middle class workers have no extra money to invest. Many of them already are working two jobs. Your solution is to just work a third job or more overtime and work themselves into an early grave while the ultra rich have STOPPED “earning” and are living off low interest loans taken against their wealth. Part of their wealth is used to make sure that Congress leaves them alone except to enable them to increase their wealth through tax breaks and subsidies (neither of those earned) while at the same time keeping workers wages artificially low. Over-commoditization has contributed to even the basics required for existence becoming so costly for lower income workers that it keeps them desperate to stay in jobs that pay starvation wages. That’s not “asset maintenance”. That’s indentured servitude.

@kukumdogo 3 жыл бұрын

The rich are planning for a ride in space and we can not afford a decent food on the table. Very sad indeed.

@yahudahintrudahtruetribeof7639 3 жыл бұрын

Man that sounds like monopoly in word's. They own it all and sell it as they please.

@AmoozingCows 3 жыл бұрын

We allow it by playing with their Monopoly money. I think that’s what crypto/silver can solve. My gripe with crypto is that it too is controlled by a few people with enough coins to move the market. Silver has been real money since it was discovered and only recently we took it out of the dollar. It’s also used up in much of our technology today. We as a society can say we don’t want to play with your Monopoly money.

@cosmoevents21st56 3 жыл бұрын

@@AmoozingCows And the real price of Silver is over $3000 an ounce. The paper market pirates meaning the mega bank institutions have been keeping its price severally devalued. Once the paper market is overridden by some event like Russia and China creating a system which is backed by gold and silver then they won't be able to control the price artificially the way they are now. Of course the bankers will then start WWIII in order to try to maintain their control.

@Samantha30090 3 жыл бұрын

And whose fault is that? People are getting what they deserve because they sit back, complain, then let it happen.

@cosmoevents21st56 3 жыл бұрын

@@Samantha30090 You have to remember something. Anyone who really got under the Fed's skin tended to die. Senator Louis McFadden back in 1936 during the great depression was launching a massive campaign to end the Fed. He ended up dying due to food poisoning or some such thing. That's the so called free society we live in.

@johnbaugh2437 3 жыл бұрын

When you have PBS making the same criticisms of the FED that Ron Paul had been saying for years, then you know it’s bad. It’s also funny how Bernanke declined to be interviewed for this special. It’s PBS after all. In 2017 he happily interviewed for an NPR segment on Planet Money (episode 768) when it was lauding him as a hero of the 2008 recession.

@garytoddy8818 3 жыл бұрын

Hello

@happydadjr.2142 3 жыл бұрын

This is the best comment I’ve seen on here

@drewmqn 3 жыл бұрын

His son gets a shout-out at 11:40.

@jkholtgreve 3 жыл бұрын

But without the crackpot hard money solutions. Your point still stands- it’s the issue that has always unified the far-left and far-right (again with very different solutions) but when the mainstream comes on board you know we’re in for a world of hurt.

@johnbaugh2437 3 жыл бұрын

@@jkholtgreve hahaha yeah I’m not calling for the gold standard again either, but his points about the FED creating wealth inequality are fairly spot on.

@clarestucki5151 2 жыл бұрын

A few simple facts for viewers of this episode. 1) Forcing the interest rate to unrealistic low levels invariably leads to misallocation of resources, and 2), Monetary inflation (raising the ratio of money in circulation to the supply of goods and services in the marketplace) invariably results in price inflation. Two basic laws of Economics that cannot be repealed.

@bigperm9903 2 жыл бұрын

Somewhat agree with my caveat being about interest. They are given the power to create money out of thin air. Even the smallest amount of interest is unbelievably profitable.

@Otis-Tank Жыл бұрын

And the IMF controls inflation. What's your point

@Otis-Tank Жыл бұрын

@@bigperm9903since there is no money, everything is a tax. If there is no principal to pay on it will never go away

@clarestucki5151 Жыл бұрын

@@Otis-Tank Wrong, the IMF cannot create dollars out of thin air, only the FED RES can do that. I'm guessing you do not even know the true definition of the word 'inflation".

@debscamera2572 3 жыл бұрын

He called it a "confidence game", aka "con game". He said that out loud.

@billymania11 3 жыл бұрын

Frontline is a national treasure. They are one of the few avenues the public has to understand what is going on in the nation. In this case, they clearly illustrate how Wall Street benefited tremendously from QE and how the general public did not. The big banks and investment houses raked it in. While the public got to go further in debt and fall further behind in terms of wealth. The kicker is that the people in charge of all this knew what was happening and didn't lift a finger to stop or amend the dynamic.

@elbinx760 2 жыл бұрын

sounds about white…

@axelband1770 2 жыл бұрын

They knew it would fail to help the average American from the very beginning. They believe we are truly stupid and naive. The FED had the perfect excuse during the pandemic to print more money to cater to increase the artificial wealth for themselves and their friends on Wall Street. Anyone with a tiny understanding of economics knows that the trickle down fiasco didn't work in the past and it would obviously fail again in their false "attempt" to help the American people. The Fed, and Wall Stree,t and Government work incessantly to benefit themselves. It's insulting to hear this so called financial "experts" talk about their "good" intentions and their naivety about what would really happen as if they were born yesterday. They're all unscrupulous liars, deeply corrupt, and terrible actors. They're in for a rude awakening if they believe they will continue to fool the American people and insulting our intelligence. The neo monarchy aka the FED and Wall Street royalty along with their bought out government need to read about a very enlightening event called the French revolution!!!

@lkabong5529 2 жыл бұрын

@@axelband1770 We the people are coming, and we're bringing hell with us.

@HarlemVega520 2 жыл бұрын

@@elbinx760 couldn't have said it better myself sounds about right

@designlabMX 2 жыл бұрын

seams a very good and well documented pice, the incedoble thing is that we lnow and we alowed to happen.

@jeffworob3453 3 жыл бұрын

When the 1% owns Congress thru campaign contributions, guess whose interests they serve? Not the other 99%. Further proof we are an oligarchy. Campaign finance reform is needed to begin having Congress set the rules to benefit the 99%. Support the 28th amendment!!

@davecummings7477 3 жыл бұрын

Not knocking what you are saying because I fully agree, but this documentary is about a group of people who ARE NOT ELECTED and answer to no one, yet these are the people directing the country and who gets rich. That should be terrifying to everyone.

@jeffworob3453 3 жыл бұрын

I agree, it's frightening how they are stealing the money and bring down the country but the majority 99% are apathetic it seems while we tacitly watch them take it away and do nothing.

@sanbruno3606 3 жыл бұрын

PEACE PROSPERITY BONANZA FREE THINKING

@pasquinomarforio 3 жыл бұрын

As we just learned in 2020, it's not who votes that count, it is who counts the vote that counts.

@tedadams1324 3 жыл бұрын

The 1% is NOT the problem. The GOVERNMENT is the problem.

@bullwaves6681 2 жыл бұрын

I listen to this over and over when I am exercising. This is one of the best documentaries about Stocks/FED I have ever come across.

@milire2668 2 жыл бұрын

bs lol

@natalyawoop4263 Жыл бұрын

Millire, you know more than like twenty different people who are in the doc?

@milire2668 Жыл бұрын

@@natalyawoop4263 i will share my "knowledge" asap. u should watch richard andreas werner. he seems to be better than this doc

@bullwaves6681 Жыл бұрын

@@milire2668 Which video, do you want us to watch all of the videos? Smh.

@DavidFox 3 жыл бұрын

"We don't doubt, Mr Kashkari, that you're working hard. Our question is, who are you working for?!" --Dennis Kucinich

@farmerone3710 3 жыл бұрын

Israel

@nslcap 3 жыл бұрын

the rich get richer or the poor starve... how about bailing out the starving next time. Let the asset bubble degens lose. They deserve their losses.

@steveandrews8301 3 жыл бұрын

He reminds me of crazed, "Uncle Festus" on the Adams family. Creepy dude.

@SeymourPicks 3 жыл бұрын

@@steveandrews8301 He never blinks.

@SeymourPicks 3 жыл бұрын

@@100perdido I wish.

@OneManCanStopTheMotorOfWorld 3 жыл бұрын

“Conflict delayed, is conflict multiplied” -Jordan Peterson

@Eastbayrob 3 жыл бұрын

You mean the drug addict?

@scrub3359 3 жыл бұрын

@Jay Bee yeah, leave the dems out of it, JP was addicted to benzos

@agentsmidt3209 3 жыл бұрын

Geez that is the oldest saying known to man. JP is a scholar (guy who read other people's work) not an original thinker.

@Eastbayrob 3 жыл бұрын

@Jay Bee the dems? Your a partisan clown 🤡.

@MrR40388 3 жыл бұрын

@@Eastbayrob 2 party system is a big fail.

@pipmeyer7764 3 жыл бұрын

That was fucking depressing, everyone who was born in the 90s on are in for a hell of a ride.

@aresmars2003 3 жыл бұрын

Like my cousin's son who just got married at 23, with a nice new job and bought a house for $320k, new car for $35k while sitting on $75k of student debt and probably $20k in credit card debt from the wedding. Can you imagine being 23 years old with a half million dollars of financial obligations? OTOH, maybe he's making a great bet that the future will always be bigger than the past. Who am I to tell him his life sucks? But it's all good as long as your monthly income exceeds your monthly debt payments. At least he says he wants to wait until upper 20s before having kids.

@1MinuteFlipDoc 3 жыл бұрын

@@aresmars2003 he might as well have the kids now! kids aren't getting any cheaper either! go all in!!! He's already buried up to his neck!

@Via-Media2024 3 жыл бұрын

Perfectly fine to bail out the rich and find the military with exorbitant amounts of money while we are left to suffer. But at least we can buy stocks on our phones..... I have almost 0 faith in this country.

@kohort1 3 жыл бұрын

Well it's the 50-60 yr olds who can't easily find new careers and who's retirement and asset values are up to bat in the next 5-10 years when the bottom could be dropping out. I worry most about them. I'm right behind all that.

@uscdave1124 3 жыл бұрын

@@Cat_Lady I was born in 1983 and I feel like things peaked in the mid 90's and EVERYTHING has gone downhill at an accelerating rate. Once Regan began tearing down the New Deal it was basically game over. And Clinton only helped continue it. Once Bush came around the cracks were already starting to grow. Trump just split the system wide open. I am terrified of where we're headed next.

@theboldandthebeautiful3729 Жыл бұрын

Question? Even if you put Americans back to work, if they don't make enough to buy homes, cars and pay for high priced needs, how does any of this actually help Americans?

@SolaceEasy 3 жыл бұрын

"Whatever The Fed does next has consequences for us all." But mostly for the poorest.

@allensprouse2984 3 жыл бұрын

They ( the Fed) have no morals, they are responsible for the debt of this country and the future generations will have no choice but to do what they are told, because AI will control the money and people will barely be able to pay on the interest, let alone the principal. The Federal Reserve Bank answers to no one, and that includes the United States Government, the Fed has never been audited and never will be audited!😂When you print money out of nothing and can charge interest for it; what a plan/ the people that are responsible for the taxpayers being sucked into a debt that can never be repaid!We are going down the drain, same thing that happened to Rome , London, Greece, I guess history does repeat itself!

@jaredlewis8689 3 жыл бұрын

This is why pbs gets so many contributions from viewers like you, they have great documentaries about recent events. Thank you

@Matt-ph8yq 3 жыл бұрын

You're welcome.

@farmerone3710 3 жыл бұрын

Lol

@My6216 3 жыл бұрын

PBS is full of leftists not liberals they are soft commys

@rickreynolds9306 3 жыл бұрын

@Gabriel Jean-Batiste they have fund raisers every single year. And you already give. It's called public funding. They get public money and then provide special air time to entities like the privately owned NYT, every single day. They also sell advertisement now, which they never did when I was a kid. Thus "Public", not "Private", in the name. So, now my tax dollars are funding a platform for which ever advertisers, private concerns, they choose to be sponsored by. They have an incredibly hard leftist stance and it never ever stops. And I shouldn't have to fund a penny of it if I choose not too. ;)

@007supertime 3 жыл бұрын

@eversor431 3 жыл бұрын

"The Federal Reserve did an amazing job" -Said no one correctly ever

@punker4Real 3 жыл бұрын

this doc is just paid propaganda

@richardsawicki8521 3 жыл бұрын

"Amazing"- causing great surprise or wonder...as would a Great White shark attack or an extinction-level meteor strike! '

@RobertSmurda 3 жыл бұрын

Bernanke did an amazing job

@erichawkins5738 2 жыл бұрын

So did Timothy Geitner

@erichawkins5738 2 жыл бұрын

And so did Barack Obama

@marianparker7502 2 жыл бұрын

The thing that all of these experts fail to take into account is that the politicians will never act fiscally responsible and they will continue to encourage the FED to print money thereby worsening inflation.

@Robertgriffinne 2 жыл бұрын

Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. It's all coming together, and by the end of the year, it may be a complete disaster.

@tradekings5433 2 жыл бұрын

This global collapse might end up being a part of us for a very long time and due to that fact any money you keep in cash or in a low-interest account declines in value each year. unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Personally I hired ‘’Nicole Ann Sabin’’ a financial advisor who I copy her trades and with a good 10%-15% in ROI monthly.

@Natalieneptune469 2 жыл бұрын

@@tradekings5433 The crazy part is that advisors are probably outperforming the market and raising good returns. I will give this a look up, lucky i stumbled on this thread.

@PhilipMurray251 2 жыл бұрын

@@tradekings5433 I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. Nevertheless I'm in need of a good investment plan currently. Do you have more clues that could help?

@Patriciacraig599 2 жыл бұрын

Printing money irresponsibly can cause inflation, but there are other major factors. Think about it, the USA has been printing money irresponsibly since the 1980s, which was 42 years ago, so how come it's only in 2022 when inflation

@muhammad-bin-american 3 жыл бұрын

This is why whenever I see the 'list of the most corrupt countries in the world' I laugh.

@Stoneface_ 3 жыл бұрын

Ba pullo. Ajarama!👊🏿

@matrixkernel 3 жыл бұрын

Whatever they did, working a 9 to 5 has never been more undesirable.

@snowballeffect7812 3 жыл бұрын

@The Pascha Bunny Some of us do have 15 hour work weeks, not to brag. Obviously this won't last. Slowly selling a good portion of my crypto for liquid cash so I can re-invest in the stock market when it inevitably collapses.

@fadenmac8092 3 жыл бұрын

@@snowballeffect7812 I have been waiting since 2012 for the market collapse. Sitting in slow churn investments, I missed the "free money". The whole time many market analysts where saying the crash was looming. The crash will come the day the largest investors decide to sell and send the market into a nosedive. Like they did in '09. And they will get bailed out for it. Again.

@snowballeffect7812 3 жыл бұрын

@@fadenmac8092 Wow, you been waiting a while! I always keep some liquidity to buy dips. If the debt ceiling isn't raised, that could be the first domino to fall.

@talkalottmedia 3 жыл бұрын

I needed this comment in my life 😭💀

@connorkearley7381 3 жыл бұрын

true

@garretttjordan 3 жыл бұрын

“Paper is poverty. It is only the ghost of money and not money itself.” - Thomas Jefferson

@artemiasalina1860 3 жыл бұрын

"Gold is money. Everything else is credit." -- JP Morgan

@getredytagetredy 3 жыл бұрын

Not backed is called Currency Backed is called Money.

@handlemonium 3 жыл бұрын

When capitalism feeds capitalism and not the people and labor.

@johnklaus9111 3 жыл бұрын

He was proved wrong about that repeatedly. Don’t quote dead people who were wrong, just because they were famous.

@johnklaus9111 3 жыл бұрын

@Jaques Studly crypto is a blatant attempt by some wealthy folks to monopolize markets with scrip they control utterly. With crypto, you might not trust the us government, but do you really trust the likes of Elon musk? To control a currency which would be you life blood, honestly? The history is scrip currency is a sad sad thing. Scrip, setting aside the negative behaviors of those that created the idea back in the gilded age, is a bit like gold in that demand for the object itself and lack of supply, can and does cause major market disruption. Look up the history of soft and hard peg currencies and the imf for a good primer. I don’t want to ruin the feds games, so I’m not going to get to deep into what they are doing here. It’s not quite what you think, but you wouldn’t support it if you didn’t really understand it. It comes from the problem of the fallacy of starting points (this is one I created). Literally, people misunderstand distances and relativity if they are at the starting point or end point, but if they are shown it without association, they are much more likely to correctly see the answer. So, my new logical fallacy works like this: people misconstrue where they are for either a starting point or end point no matter what. You n the way, they can be convinced that they are gaining momentum from here, when most often they are already in transit. More ore less people think here is static. Wherever their ownership of here is.

@maryalchester Жыл бұрын

How likely is it, on a scale of 1 to 10, that the FED will raise interest rates? In a piece by Jim Roger that I read, he talked about underlying prospects in a bear market. Since the beginning of the year, the market's trend has been hazy. Any definite course this quarter?

@mvanwie Жыл бұрын

Well, no comment on rates yet but; prior to investing money in the market, financial planning is crucial. It's advisable to obtain professional advice when choosing the correct asset to invest your time and money in. Analysis is best carried out by or under the supervision of a professional because there is more to the market than just technicals and up-front fundamentals. Since seeking therapy, there has been a discernible improvement.

@mvanwie Жыл бұрын

I’ve also been able to scale from $17k to about $48k following a set of guidelines from my coach Juliet Eve Downey. It’s basically knowing when to get in and get out. It’s an ocean not a lake.

@aliyunko9689 Жыл бұрын

@@mvanwie how do I get to Juliet eve Downey?

@alyoshaivanovv Жыл бұрын

@@mvanwie True… it’s our continual temptation to try to handle things on our own is what makes our finances unstable. Delegating is inevitable and that time is crucial.

@hueymorello5115 Жыл бұрын

Thank you

@sdmagik1 3 жыл бұрын

“I am a most unhappy man. I have unwittingly ruined my country.” -Woodrow Wilson, after signing the Federal Reserve Act of 1913

@007supertime 3 жыл бұрын

@Eastbayrob 3 жыл бұрын

@@007supertime exactly!! you need fiscal policy IE Congress to give the money from the bottom up if you want to stimulate the economy. Problem is when it came time for the stimulus the t bag brigade showed up thinking they were patriots when really they were just cheerleaders for this stupid trickle down bullshit.

@bmatthews15 3 жыл бұрын

This is BS, Wilson never had any regrets creating the fed, it was an accomplishment he took pride in. Conspiracy theorist spliced two different speeches together to fabricate this myth.

@alexbarajas2742 3 жыл бұрын

@@007supertime i disagree, if you want to make middle America better, you don’t give them free nothing. You remove the chains of taxes and let people keep the money they make. You overturn the hurdles and regulations in small businesses. Freedom is better than handouts.

@TheFranksantana 3 жыл бұрын

@@007supertime bernie sanders is a sell out of the democratic party.

@wintersmill4853 3 жыл бұрын

The marriage of corporations and government is the actual definition of fascism. This is more concerning than any economic event in my lifetime.

@Douglastrades 3 жыл бұрын

What a beautiful root cause analysis. We the people are no longer citizens, we are either corporate assets or liabilities. I watched a good movie about what caused this crash. the movie titled, The Big Short.

@mattrodriguez2856 2 жыл бұрын

You 100% nailed it. This marriage has been going on for a very very long time.

@soulfireonfire6423 2 жыл бұрын

@@Douglastrades My son watched that! He said I have to watch it! Ben Afleck?

@Douglastrades 2 жыл бұрын

@@soulfireonfire6423 The Big Short

@Douglastrades 2 жыл бұрын

@@mattrodriguez2856 Now we see things have come full circle, this union crushed the labor unions probably the last time the people had a voice. since then our voices have been mostly unheard, and we have been rolled over by a always growing centralized federal government ruling now through regulations not legislation scary shit..

@lawyer1165 3 жыл бұрын

This report is brilliant. I’m glad someone is reporting the truth.

@jakebredthauer5100 3 жыл бұрын

Started in 1913. They feel they have hidden it long enough.

@BarryB420 3 жыл бұрын

@Unknown User 8)(((

@BarryB420 3 жыл бұрын

Gfg

@kaydixon6580 3 жыл бұрын

@Unknown User true. I can’t watch frontline if they are covering anything political or national. It’s so anti American. The have some good docs but I haven’t watched this one since it’s so depressing and hard to determine truth from extreme cynicism in their reporting.

@amazinggracemessenger3435 3 жыл бұрын

Stop giving our children Ritalin. They are giving our children Ritalin and that's where it starts, I'm talking about they are giving 15 months old babies Ritalin and they're giving Ritalin to children in school therefore they end up on the streets of the United States of America...stop this madness of big Pharma. It's a form of control and controlling the people by drugging them up. We are all basically incarcerated without bars. It's big corp capitalizing on us all in every level. Look what they are teaching our kids in school. Pull them out, start your own schools. There should be a home school parent that will teach your child. Listen: One woman took prayer out of our school, it's time to fight back and recall ever politician who is doing wrong. Please excuse the subject matter is not what this video's about but I'm desperately trying to get people's attention. They are going to start a war and or many wars just to try to mask what they are really trying to hide. We need to make these leaders that want to start a war to have an old fashioned Duo and arm themselves up with stuff and hash it out themselves. Enough senseless wars. People must know! Please read until the end. Covid-19 causes thrombosis that is a known fact you lying spinster news. I'm a taxi driver and I was exposed to covid many times and when I couldn't breathe due to my blood getting thick (thrombosis-coagulating of the blood) I took aspirin and I could breathe soon there after. I took either 5 to 8 baby Aspirins (81mg or 2 Aspirins 325mg) and again in the evening when I couldn't breathe again...it's saved my life thank God, by my curiosity as a child, I know about health but far from a doctor so what are the doctors not doing that people keep expiring? It's shameful and Hospitals need to be charged with gross negligence for not helping the people with covid due to the history of Medicine like ivermectin being used in the past but all of a sudden not being allowed to be used to save life of covid patients. I'm telling you all that there's something wrong and nurses and doctors need to speak out bcz their is a God. Listen to me, a lady came in my cab and told me that her old uncle went to the hospital for old people arches and pain and a nurse came up to him and asked him what's he was coming to the hospital for and he told her and she told him that he'd better leave because people like him are coming in and they're not coming out because they are saying that they have covid... The thanked her and left quickly. It's is so important people spread this news around the world please because this is what's going on. WAKE UP WORLD! This is a money move for the wealthy... This is why the news isn't reporting the TRUTH. The news people all sign nondisclosure form to shut them up. There's a narrative behind covid and masking the truth. As you may or may not know, I'm a taxi driver and I've had countless of people telling me that they believe their loved ones didn't have covid but they intubated their loved ones and they died of covid anyways. That's is one of the reasons they intubate so they can't talk and they deeply sedate everyone so they can't communicate. Many people told me that they asked the doctor's to stop sedating their loved ones so they can talk with them and so they can write something on paper because they did not go in the hospital because they felt sick with covid or flu like symptoms...they went in the hospital with things like bladder infection or other issues. Look this is hard for me to share but it now has affected my family...one of my family members got beat up in a bar and long story short, they intubated him, they heavily sedated him and my whole family was shocked after seeing him because he just got beat up, he didn't get hit by a truck but yet they intubated him and heavily sedated him, he was saying he wanted to go home because he was shackled like an inmate and it upset my cousin after he woke up from being knocked out. They said he was being combative so they gave him something to calm him down and he had a stroke...so they then intubated him (I told my cousin to take him out of that hospital bcz they were going to do to him what they've done to my rider's family members. My cousin didn't get moved out of that hospital and he went downhill from there. He's now gone. I'm sure my cousin was shocked 😲😳 after they shoved the intubation tube's down his throat and was heavily sedated...and he couldn't do anything about what the hospital did to him, trust me...I feel it in my bones. This is why Hispanics and African-American Americans are the ones that are at high risks and they have to do in some other nationalities by default otherwise people would be on to them. I do believe they harmed my cousin, this is why they are censoring all of us on every platform so we won't be able to tell everyone what's really going on. On 2 different occasions 2 rider's in my cab told me that their loved one's were old and in a rest home and both of their loved one's were told VIA VIDEO CHAT that their loved ones were going to die of covid (at the time they were not allowed to see them due to the covid shutdowns) but in both cases their loved ones told them that they didn't feel sick "at all" and in both case's the nurse told the family that they "were" sick and tested positive for cov and the nurse told them after they would pass away that they were going to cremate them despite their religious beliefs. In these two cases their family members told me that they believed their family members did not have covid. One lady told me she just cried and said she bid her farewells to her mother and she died within a week but the other woman told me that she read the rest home "the riot act" and told them that her mother was not sick and that she better not die and that they better not cremate her and if she did died that she will go there with her attorney and the news reporters and her mother actually ended up not dying. She pulled her out of that rest home and she told me that she found a rest home where they hadn't had any covid deaths. Someone who has money needs to do an intensive investigation because I believe that this is going on all over the world. I was trying as hard as I could to tell everyone what I knew while driving taxi and what people are telling me. When the news was reporting that the hospitals where full with covid patients, they weren't, they were like Ghost town's...I was seeing it with my own eye's while dropping off nurses to work. I would asked the nurses and doctors and they would tell me the same...I knew something was wrong. I don't believe the death toll with covid and doctor's like Dr. Scott Jensen who also is a senator from Minnesota has videos on KZbin about it. I believe they are Victimizing us all around the world and will continue to do so if we don't spread the word. Never have and never will believe the lying narrative the news is spewing..they are doing something to people. My cousin could have gone to 3 different hospitals that were closer than Stanford and the ambulance 🚑 took him there...why? I smell a stinky, fat, rotten fish. Why are the medical facilities getting money for covid deaths, why are there incentives for hospitals and medical facilities for covid deaths? Why are the hospitals heavily sedating people. Why are they having these shutdowns and why do they not allow people to see their loved ones? Why are they intubating people when that doesn't help the thrombosis because thrombosis is a coagulation in the blood issue, therefore people are not getting the oxygen in any part of their organs/body and that's why they can't breathe. The hospitals are NOT dealing with the coagulation FACTOR by using things that work as in ivermectin. That's why doctor's have been threatened by the medical board. This is like the REAL ESTATE BOOMS in the past but now the wealthy are using this vaccine to make money, that's why they want to make a 1 world government so that the wealthier countries fund with our tax dollars the expensive vaccines, that aren't proven to work. They are saying that the people who are dying are the ones that aren't vaccinated and it's the other way around. My two best friends were both vaccinated and both ended up in the hospital after being vaccinated and they my friend father passed and now he has lung issues and he got vaccinated....so what's the use? Where's the benefit? I'm am a 62 years old cancer survivor, taxi driver and when I couldn't breathe countless of times, I took Aspirins and minute's later I could breathe. When it happened in the evening I took Aspirins again and I could breathe. Something wrong with what's going on. I believe they are intubate so their patients can't talk and they heavily sedating people so they can not write anything to their loved ones. People tell me that Hospitals are not letting people know where their loved ones are. There should be a data base where anyone who is being taken to a hospital facility for anything must be put in this data base. Please everyone this is what people are telling me 🥺. Someone could go in the hospital for anything and they are expiring with covid. I've been hearing this from many people for MONTHS, now it has effected me personally and I don't want the same thing to happen to you. Please take a screenshot of my message because they are being taken down or the algorithm is not allowing my message to be seen by many due to the content of what I write. Please pass it on to protest videos and videos of covid and what's happening with covid in all parts of the world...people have to know the scam. People MUST KNOW. Listen the water are full in the pyramid dam is full in the grapevine and they are holding back waters so other places will be a drought, trust me...go look for yourself. The wealthy are going to try and starve us out.

@NICO-Z-TRADER 2 жыл бұрын

Amazing documentary. Well presented and super clear. I regret that my favourite economist El Eryane didn't have more time. He's the one that was screaming about the inflation issue when FED and all other stakeholders were talking about "transitory" infltion. In March 2022, finally the FED acknowledged that the inflation is a real issue and it has to move by reducing the balance sheet and increasing the interest rates. But by acting so late, the possibility of a soft landing became more and more complicated. Regarding the markets, any sound economist would tell you that it's impossible in a finite world to have asset price go up forever. Correction are painful but these are an important moment to deflate astronomical valuations. Next months are going to be very tough...

@BeatTrump 2 жыл бұрын

Trump's zero-percent interest rates weren't a very good idea.

@vytallicaq.6881 Жыл бұрын

This documentary falls short. It implies that we need to maintain this precarious balancing act to avoid disaster. It already IS a disaster, and their slow, cautious approach is only prolonging the financial agony people are currently suffering through. My parents built a nice house in 1965 for just $25,000. According to Zillow, that now 58 year-old house is worth over $600,000. Nice houses like that would STILL be that affordable today, had congress and the FED agreed back then to keep the supply of money BALANCED with the supply of houses. When you inflate the money supply BEYOND the rate of production, you get inflated prices. Too much money bidding up the price of too few houses. That equation applies to ALL products and services. But the price of housing has the BIGGEST impact on everyone's financial stability, so they should primarily focus on that. If they notice the price of homes going up, they should ALWAYS reduce the money supply to deflate those prices back to their original level. The prices of homes are WAY too high today. Too many people can't afford them. They SHOULD crash the economy. They should dramatically shrink the money supply to deflate those prices. Yes, it would cause a lot of unemployment for the next few years, and many people would have to live in their cars. But houses would finally become affordable for the paycheck-to-paycheck crowd during the recovery. It's the ONLY way they will ever achieve financial stability. They'll just have to bite the bullet. No pain, no gain. Congress recklessly expands the money supply to make the instant gratification crowd happy. This detestable paradigm MUST END. Congressmen should EARN their votes, not BUY them.

@mastalee1776 Жыл бұрын

@@vytallicaq.6881 Look a up a video called century of enslavement the history of the federal reserve

@ilmknowledge 3 жыл бұрын

This guy Khashkari clearly say he is part of a broken system that can not hold the ultra-rich responsible

@JK-gu3tl 3 жыл бұрын

Dude is definitely suspect. #2 on TARP (Goldman Sachs man even) and ran as a GOP nominee for Cali governor. Dude reeks.

@TheRoland444 3 жыл бұрын

Khashkari IS the definition of a PSYCHOPATH.

@cosmoevents21st56 3 жыл бұрын

Because the guy is a lapdog for his evil masters.

@johnnytoobad7785 3 жыл бұрын

Neil Cash&Carry. The "Socialist" FED member. As the Mothers of Invention once said: "We're Only In it for the $$".

@JK-gu3tl 3 жыл бұрын

@New Moon I prefer court injunctions over gov't decree.

@pauljacobson2207 3 жыл бұрын

"The rich getting richer, the poor get the picture...." -Midnight Oil

@pslay9324 3 жыл бұрын

good one

@MoonLiteNite 3 жыл бұрын

Yes, look at all those poor people with their cars, driving, for a free food handout. Dude if you live in USA, you ain't poor.

@josemartinez280 3 жыл бұрын

@@MoonLiteNite those cars cost Americans most of the money they earn lmao, we don’t have houses but we have cars bruh, we are totally rich. 🙄

@josemartinez280 3 жыл бұрын

@@MoonLiteNite and don’t give me that bullshit argument that cars are a luxury, because they aren’t in America. Cars are a necessity to get to work every day and make the money to pay off the stupid car and rent.

@yeetboi268 3 жыл бұрын

@@josemartinez280 how about public transport?

@bryptobrazy1784 3 жыл бұрын

I have watched so many documentaries on this topic but this is by far the best. Fantastic work PBS

@donthomason8409 3 жыл бұрын

PB S is not telling you the whole story behind the fed and what really happened

@davidblair2082 2 жыл бұрын

@@donthomason8409 00 8th⁹

@alwagner9722 2 жыл бұрын

@@donthomason8409 the rest of the story...that the Fed is an unconstitutional entity owned and run by a private banking cartel.

@toddinthemiddle Жыл бұрын

It didn't mention anything about the dilution of the dollar's value, when new money is created, nor did it dig into what risks cause economic disaster within the stock market. It occupied my mind on my dog walk, but was lacking in depth.

@abbuckley 2 жыл бұрын

I am a firm believer in the phrase, “follow the money”. The motivation of the Fed’s officials can be easily explained by this statement. Each of the Fed officials would end up leaving the Federal Reserve at some point and they would seek employment in the private sector. If these officials keep companies happy, then their prospect of million plus per year jobs goes drastically up. Otherwise, they would have a hard time getting employed in the private sector.

@baiaforev2407 2 жыл бұрын

Well said

@facethesky1066 2 жыл бұрын

They rob, they steal, they destroy. Hmm 🤔 isn't that the definition of "satan?" Not many see THE SYSTEM clearly yet. When you lose all access and people are kicking in your doors to take what little of life you have left ... then you will see 👀.

@nickclark18 2 жыл бұрын

better be careful abe, talking about the Fed in such an unfavorable way. Just be careful, is all I'm going to say to you. It's all you'll probably have time to hear me say before

@abbuckley 2 жыл бұрын

@@nickclark18 - I am not as important as Glenn Beck for the Federal Reserve to go after me. Besides, I am near retirement age and it would had for the Federal Reserve to go after my social security benefits! Thanks for the concern / threat. Give it a couple of decades and the Federal Reserve along with Corporate America would have destroyed this country financially and made it possible for India and China to emerge as super economic powers.

@abemoore8256 2 жыл бұрын

@@abbuckley killer name sir.

@gruntsrus9444 3 жыл бұрын

It's, sad. For the Majority of good hearted, hard working, loyal American families.

@doom2avatar 3 жыл бұрын

Lol loyal

@whiskers78753 3 жыл бұрын

What is Quantitative Easing? Answer: Money printing. It's been tried many times before, with the same result. Nothing to see here.

@sten260 3 жыл бұрын

yeah the people in those interviews that said "we are in uncharted waters and this never happened in history before" are morons. This has happened MULTIPLE times before and it always had 100% failure rate. They need to learn more about history and less about economics then we wouldn't have to run this experiment yet again

@TXHillCountry 3 жыл бұрын

Technically, it’s sort of a wholesale form of money provided to the banks. If the banks don’t lend it out, it doesn’t really do much of anything. The banks are already being very careful about lending. If they get more careful, no amount of QE will prop up the economy.

@garretttjordan 3 жыл бұрын

Saying QE is money printing isn’t a good way to explain it. QE doesn’t inherently go into the real economy. Fed has to have help from the govt or private banks. Fed can’t print alone. The Fed isn’t sending out transfer payments or buying up consumer goods. It’s helping prop up financial assets and create bubbles which is also ultimately deflationary when they pop (unless govt can spend to create enough inflation to keep the bubble from crashing in nominal terms)

@libconservative3481 3 жыл бұрын

In a sense yes, but unlike regular printing of money like Zimbabwe or Venuzuela printing money, is actually buying back of government debt. So in a sense it is far more safer and would control inflation..

@doktoronyx6619 3 жыл бұрын

Quantitative Easing (QE) seems to be a Japanese innovation from 90’s. The phrase quantitative easing was invented by economist Richard Werne. But this is still just an excessive money printing by central banks. And excessive money printing always has severe consequences! Usualy high inflation and devaluation of the currency.

@markcampbell7577 3 жыл бұрын

How do you have a perception of economic health without considering homeless people as a cause of irresponsible economic policy. !!!???

@rickreynolds9306 3 жыл бұрын

@@illuminatihunters3601 who said it was a crime? Stop conflating.

@rickreynolds9306 3 жыл бұрын

@@illuminatihunters3601 assuming what? You implied the OP was about homelessness being a crime. What are you talking about? lol...

@its_jawsh6145 3 жыл бұрын

What? Hello? Homelessness has existed since the dawn of markets. There have always been those without jobs and those with. I don’t understand how you have linked the two. Either you have an incredibly uneducated view of economics or you’re grossly misinformed.

@rickreynolds9306 3 жыл бұрын

@@its_jawsh6145 you're saying economic policy can never have any impact on the level of homelessness?

@poop-yd4kc 3 жыл бұрын

I don't think they believe it's a cause of their actions is why

@reabbotted Жыл бұрын

We are now more than a year and a half down the road. After this documentary aired. I would love to see an update for the 2-year anniversary

@iamwarrenwest 3 жыл бұрын

He doesn't hear questions about equity from Main Street? If he were anywhere near a street that isn't Wallstreet, he most certainly would! Of course, Congress doesn't decry the consequences of rampant capitalism because, as most of us know by now, they don't work for us! They are beholden to investors and banks, not we the people on main street.

@hectorgonzalez5030 3 жыл бұрын

Had the same thought. Most people don't even know what the fed is, so how in the world does he think he's going to hear about it from people who don't even know how it works? Being in congress does not help with that question either

@xmtslowx 3 жыл бұрын

@@hectorgonzalez5030 That's the trick of this whole thing. The normal public wouldn't know what to ask if they were able to. His entire premise is completely false, arrogant and suggests the bubble is coming and it will burst.

@its_jawsh6145 3 жыл бұрын

Bruh lmao, imagine worshipping the false god of equity. People will always be unequal. In wage, talent, looks, IQ. Chasing after equity is a waste of resources and will only make everyone poorer rather than making everyone richer. There is a finite amount of money, resources, and people. The failure isn’t with markets, it’s with regulators and almost nonexistent regulation.

@ameenabdullah3712 3 жыл бұрын

@@its_jawsh6145 what do you mean by chasing after equity?

@BillyBob-oi9kl 3 жыл бұрын

@@its_jawsh6145 That's not at all true. There is such a thing as too much inequality. Sure we're never going to achiever wealth equality, but that doesn't mean that simply because it's impossible to achieve that it should be allowed to run rampant. Additionally, there is no finite amount of money. In real terms there is more wealth in the world now, than there was 50 years ago.

@hazelsparkles4352 3 жыл бұрын

An America with money being “abundant and cheap, easy to get” is something I have never experienced. I think he’s referring to sector of America that none of us come from.

@007supertime 3 жыл бұрын

@mab1ism 3 жыл бұрын

Hes referring to those credit cards you maxed out

@CrowClouds 3 жыл бұрын

Love is also abundant and easy to get, but the rich don't seem to have it

@tabs9213 3 жыл бұрын

It is all MONOPOLY MONEY...The USA has an 84T USD NEGATIVE NET WORTH (per the Real Debt clock) including those unfunded Accounts Payable called entitlements..That means that Jeff Bezos, Bill Gates, Warren Buffet, and Elon have even borrowed against the cloths they are wearing..Every asset the USA has has gone into the fire of leverage...plus a lot more...84T more...

@AbrahamsYTC 3 жыл бұрын

@@007supertime Injecting money directly to people only solves a very short term problem... in the long term it would cause massive inflation/hyperinflation. What if recent homeowners barely qualified and then all of a sudden the Fed pays for their home loan. What's going to happen? Dollar devalues, the new homeowners, house prices massively inflate and kicks any possibility of future generations of owning a home. Demand for real commodities ramps all the way up. Problem is too big. The only way out is a brutal economic collapse with no bailouts and get rid of the Fed/financial sector. Would have to come back to REAL economic growth with an emphasis on SAVING, not credit.

@parallacksg 3 жыл бұрын

42:23 Did this guy literally just say "Its not our fault they didn't make rules to stop us"?

@LarryManiccia 3 жыл бұрын

How someone so idiotic can be in such a position is baffling. It is indeed the policy that is the problem. This guy needs to exit out of his ivory tower and dismount his high horse. Maybe acting like the protector of the "little people" is how he justifies going to sleep at night, but at the end of the day he is dead wrong.

@Cynnas 3 жыл бұрын

That's what the top 10% say about not paying "their share" of taxes; they just take advantage of the existing tax laws. 🙄

@nohopeequalsnofear3242 3 жыл бұрын

Yes... thats pretty much what he said.

@charlie3k 3 жыл бұрын

This guy just shifted the blame to not accept responsibility.

@joeschmo9953 3 жыл бұрын

....said every sociopath ever

@JohnDaniels 2 жыл бұрын

Biggest wealth transfer in history, thanks fed

@Brettagher 3 жыл бұрын

Let me save you some time: low interest rates are associated with an economic boom; higher interest rates are associated with economic contraction. Every major crisis in recent memory has resulted from the FED lowering interest rates, building up a huge amount of leverage in the system, and then raising interest rates, making that debt unserviceable, and then the economy consequently implodes. The FED is the biggest threat to financial stability in the world.

@juliusvujanov4866 2 жыл бұрын

unelected pump and dump inflation scammers

@Programsean 2 жыл бұрын

Exactly the federal bank system is the top of all that runs the show of the economic growth of our nation. What ever they say goes regardless whatever

@polarizedsquirrel3867 2 жыл бұрын

What's the alternative???

@Brettagher 2 жыл бұрын

@@polarizedsquirrel3867 Let the market decide the interest rates. Lower highs, less detrimental crashes.

@polarizedsquirrel3867 2 жыл бұрын

@@Brettagher This entire documentary is about how Fed officials were reacting to market sentiment in regards to interest rates. How would your version look any different? You want banks to agree on a common interest rate?

@KevinMayoOfTME 3 жыл бұрын

I appreciated this documentary. PBS is a good source of information despite its bias towards the US this was an objective look at monetary policy.

@inthedarkwoods2022 2 жыл бұрын

Shut up

@tristandavidmanley8150 2 жыл бұрын

Lol wait, the American Public Broadcast System has a pro America bias?? What???

@KevinMayoOfTME 2 жыл бұрын

@@tristandavidmanley8150 I like you.👑

@ronstille7924 2 жыл бұрын

The best source

@Sam-cd6pm 2 жыл бұрын

🤣🤣🤣"despite it's bias towards the US". Dullard Trump supporter.

@davidpalmer9190 3 жыл бұрын

This was the best documentary that FRONTLINE ever produced. I am so happy they addressed this topic. It is good that the American public knows the truth. We have been lied to for so long. Moral of the story is ....buy stock...that way you have a say in what happens in the future.

@stevenpaul4394 2 жыл бұрын

Someone told me that it's the best time to buy because there will be a huge pump

@ashleykimberly4285 2 жыл бұрын

The cost of living is making people go into different businesses anyways, but my problem is that the rate at which money gets finished on little purchases is so surprising

@aarontyler3029 2 жыл бұрын

I saw all this coming I had to switch to Crypto trading and I'm really enjoying the fact I made the right choice because of my weekly earnings

@davidthomas4788 2 жыл бұрын

I make good income too from bitcoin trading and its been my most reliable source of income at the moment. With profits I've made so far I don't think i can get broke or lack anything.

@jerrygilbert3458 2 жыл бұрын

How do you do it

@kelvintimothy1544 2 жыл бұрын

Because I've tried severally but seems not working

@filthyimpetuoussoul6220 3 жыл бұрын

I love these documentaries cause I can come back a few years from now and find out how it all worked it self out.

@andreawallenberger2668 Жыл бұрын

March 21, 2023...

@mikhailfrey5089 3 жыл бұрын

"Given the well-known tendency of very low rates to incite speculation and misallocation of resources, and given the well-observed tendency of the Fed to intervene and quash difficulties in the market, is not the Fed operating on the defacto dual mandate of arsonist and fireman?” - Jim Grant

@ajgiov 3 жыл бұрын

Wow. This.

@007supertime 3 жыл бұрын

@adammcgirt5434 2 жыл бұрын

The 08 bailout did everything but help the average American.

@jefffarmer5785 2 жыл бұрын

It ROBBED them... As always, The Fed takes from the working class and gives it to their kind (The Well to Do) with their ROTTEN monetary policies...

@TheOneAboveAll_ 2 жыл бұрын

The average American wasn't supposed to take a mortgage they couldn't afford, and they were supposed to live below their means so they could have more to invest. The 08 market was the time to buy

@Craigphillipx 2 жыл бұрын

Rise above average then

@guillotinepod9988 2 жыл бұрын

@@TheOneAboveAll_ my in-laws were foreclosed on in their home of 20 years that they never missed a payment on. This stuff didn’t happen like your Republican talking point says it did.

@TheOneAboveAll_ 2 жыл бұрын

@@guillotinepod9988 and why were they foreclosed on exactly....you left that part out. See here's the issue, no one ever owns a home, you can pay it off all you want, and if you miss a tax payment they can take it, meaning you never really own it. Your in laws had a 30 year mortgage like fools, people who get them never expect anything to go wrong, and I not a republican or Democrat, yet it's that thinking that had them lose there home. Perhaps if they were putting that 20 years or mortgage and interest into a business they wouldn't have had that happen. Were you able to give them the money to buy a new home.....no...you absolutely didn't help them, now get back to work.

@markcampbell7577 2 жыл бұрын

A raise of the minimum wage to 4 times the rent of a local one bedroom apartment and a real measure of the economy was too practical.

@LexiH36 3 жыл бұрын

Did this man just say that by putting people back to work, it makes the company more valuable, as his response to wealth inequality??? Bruh.

@lanzelot1989 3 жыл бұрын

"Their job is their biggest asset." is stretching the definition of "wealth" quite a bit

@walterwang2011 3 жыл бұрын

If everyone is better off, why do you care how much money Bazos have? He's never going to spend that much money, it's just a number.

@LexiH36 3 жыл бұрын

@@walterwang2011 everyone isn't better off. That's why I care lol. If we all were more wealthy, I don't think anyone would care about billionaires. But it's pretty clear that America's working and middle class are getting worse off, while at the same time billionaires are getting better off. That's why this is problematic

@walterwang2011 3 жыл бұрын

@@LexiH36 middle class American were worse off during 2008 crisis and 2020 pandamic, but improves during quantitative easing. There is also an overall trend of automation that makes labor force worse off in general. But I don't think any of these were caused by the Federal reserve. All they did was printing money, as a result stocks are up, but also wages are up too.

@LexiH36 3 жыл бұрын

@@walterwang2011 quantatitve easing was not the reason we're worse off, but it did help widen the wealth gap. Buy as you saw, the point was supposed to be to help the lower class. It did not. But it did increase inflation and wages are still far behind that. So they didn't directly make things worse but they helped

@joebyu 3 жыл бұрын

They never tell you that the FED is a private bank and NOT a government entity.

@trixtrix3828 3 жыл бұрын

It’s funny most don’t know that

@NonToxicHome 3 жыл бұрын

Yep, that's very basic information! It's absurd that we have to repeatedly state such basic information in videos on our channel.... but the propaganda machine/ psy op has been all too effective!

@pamelaporter4750 3 жыл бұрын

That's something one learns in Economics 101 or it used to be.

@buzoff4642 3 жыл бұрын

They were supposed to be load balancing between the banks, not fabricating their own money supply.

@celticman1909 3 жыл бұрын

Don't fight the Fed. Ok, here's a saying that really holds true. The rich get richer. The poor get poorer. And the middle class pays the bills. And in this story we see that play out. Help the average American? What a bad joke that is.

@novinawright1228 3 жыл бұрын

Who really is the average American the middle class or the poor

@kevinkemble3718 3 жыл бұрын

You must do what it takes to educate yourself right away and seek out elite and prestigious holistic mentoring. This is the your one chance especially with the unrest of the virus 🦠 at hand as well as 100s of 1000s of businesses folding everyday. As strange it sounds relationships is still where you build stability in the marketplace. Start a business of your own. Keep your day job if you have one for now. Move consumables. Find needs in others and fill the need. It’s not what you do, it’s who you know. You do know it’s 98% attitude & 2% how it works. The time is now. All the best to you people out there.

@celticman1909 3 жыл бұрын

@@novinawright1228 I've wondered about that too.

@michaellouis5458 2 жыл бұрын

Despite the economy crisis, this is still a good time to invest in stock and crypto.

@remindmeofeverything6317 2 жыл бұрын

You're right stock and crypto are the best to invest on right now.

@franciscar_binarias 2 жыл бұрын

I had her strategies are really amazing thinking on starting a deal with her

@ryanrainbow2280 2 жыл бұрын

@vallekas it's Seems like her success story is everywhere, how do I get in contact with this mrs Hanna macko FX ? I realy need to know.

@ryanrainbow2280 2 жыл бұрын

@vallekas thanks

@homemade1419 2 жыл бұрын

OMG trading crypto with expect hanna macko has been a life changing for me, l call her fx goddess

@htopherollem649 3 жыл бұрын

the dude speaking for the Fed that says " I always hear from wallstreet, rarely from mainstreet, and never from the poverty stricken" (paraphrased) makes me reply by asking just how available he and the Fed are to the poverty stricken? or even to the average middle class citizen. though it was pretty obvious that his answers throughout the interview, in defense of the Fed's actions were intended to enrich the wealthy. (nothing that anyone with any critical thinking ability is not able to see at a glance. it's pretty blatant)

@berenisemendez5223 3 жыл бұрын

Absolutely! His response said it all.

@HTSGOSU 3 жыл бұрын

Poor people can't afford lobbyists...

@007supertime 3 жыл бұрын

@jonc2430 2 жыл бұрын

His point was regarding borrowing. When interest rates are low it benefits both the rich and the poor but it’s meant to help the poor. This is because they can borrow at lower interest rates. So when lower income families take out loans for cars, homes, & education, they can do so cheaper saving them money. On the other hand banks get slaughtered during a falling rate environment because their credit spreads tighten. It is for this reason as to why every time the Fed announces a rate hike bank stocks pop because their spreads expand. So basically he was trying to say lowering rates helps the poor because it lowers the cost of borrowing which it does. However, this also allows savvy corporations and investors to take out cheap debt to grow their assets. There is no-free lunch in markets so when there is an action there will inevitably be a downside. And in this case the downside is income inequality because the rich have the spare cash to buy appreciating assets (houses/ stocks) while the poor can only buy depreciating assets (cars). While the fed is not perfect the claim that it only looks out for the rich is bs. If there is not the poor to buy the goods that make the rich rich than the rich would them too become poor meaning depression. Therefore, it is the objective of the Fed to maximize employment for that reason as there is no good way to benefit one class without hurting the other despite what others in the comment sections may say.

@facethesky1066 3 жыл бұрын

Quantitative easing increases the financial asset prices, and according to Fed's data, the top 5% own upto 60% of the country's individually held financial assets. This includes 82% of the stocks and upto 90% of the bonds. So, any QE action by Federal Reserve will only really help the rich not the rest of America.

@shanishine38 3 жыл бұрын

You're correct. I just found out that inflation basically means there are more dollars out there competing for less goods. Which would explain the high cost of buying a home and renting a place to live. So, assets inflate and make the rich richer while the rest are priced out of ever attaining those assets. Priced out of food, even.

@rohitkhosla8110 3 жыл бұрын

But the alternate would have been a 1929 type of crisis. Life would have been miserable. What would you prefer?

@larryjones9773 3 жыл бұрын

@@rohitkhosla8110 Exactly. The Fed learned from their poor policies during the Great Depression. I have high confidence in what they are currently doing. I do feel sorry for the fixed income investors, as they are taking the brunt of the Fed's pandemic policies. My assets allocation is 97% stock & 3% fixed income. In 6 months, it will be 100% stock & 0% fixed income. I'm a 60 year old retiree.

@buzoff4642 3 жыл бұрын

@@rohitkhosla8110 No, it's not all or nothing.

@whatabouttheearth 3 жыл бұрын

@@rohitkhosla8110 Well, yeah, because the financial class has a sort of mafia style "roof" over us, the regular folks always end up paying for their damages. They can screw up everything and destroy themselves and it's literally, at the same time, in regular people's interests and, to regular people's detriment that they in the financial sector get put on life support and revived. This is because they have a sort of tentacle strangle hold on the regular Americans. A "roof" is sort of like when some guys keep destroying some store owners business, and then some guys with suits come in and say "hey we heard what happened to your store, you know, we can make sure you're protected, for a little fee". And both the first and second group of guys were both the same group. It's a forced "protection" racket, where they don't get hurt but you might if you don't pay them. That's essentially one form of "roof", this shit the financial class gots regular Americans under is just an extremely sophisticated, ingrained and institutionalized roof.

@TXHillCountry 3 жыл бұрын

“They don’t own a house, they don’t own stocks, they don’t have a 401K.” - if the Fed (formed in 1913) could do something about that, what are they waiting for?

@jordanfrary3876 3 жыл бұрын

@CarlyKpdx I loved the part when he said the average American's greatest asset is their job. Oh, so the job I lost a few months ago due to factors outside my control, and the job my boss is actively investing in ways to make obsolete is my greatest asset? That's comforting!

@wt8151 3 жыл бұрын

Wishing thinking though.

@ImportedFromSerbia 3 жыл бұрын

@@jordanfrary3876 you’re having a job is their asset, not yours.

@dingfeldersmurfalot4560 3 жыл бұрын

@carlykpdx That bit about increasing wages was possibly the weirdest part. What the heck is he talking about?

@Mrarmageddon8 2 жыл бұрын

I honestly think this is one of the most important documentaries in years!

@schneidz428 2 жыл бұрын

Now show me the SEC. That's were a lot of these issues are also stemming from. The capital elite have kept the SEC as weak as possible the last 3 or so decades.

@MA_KA_PA_TIE 3 жыл бұрын

Man you guys do a good job making "money printer go BRrrr" seem so intellectual and complex. Why dont you just call quantitative easing what it actually is, printing money and making the money in your pocket worth less.

@stachowi 3 жыл бұрын

if they used plain langauge people would lose their shit... so instead they know most people are idiots (by design) and will get robbed in plain sight.

@garretttjordan 3 жыл бұрын

QE doesn’t go into the real economy unless banks or govt help. So for then to just say Fed prints money would be pretty misleading. They’d have to explain how the Fed, QE, and monetary system work which would take too long. But yeah, this video left out a ton of why the Fed is so bad, they definitely have motives

@sten260 3 жыл бұрын

@@garretttjordan banks and government are also at fault, the way our banking system and government works is actually crooked. Fractional reserve banking, deficit spending, interest rates manipulation - all those things are killing the economy, we need actual free markets to fix this crap but it's going to be painful if we ever get there. But I predict socialism before free market capitalism because people have this twisted idea that capitalism is the reason why everybody is poor which is obviously not true

@jon-cx7jq 3 жыл бұрын

@CarlyKpdx that's literally, word for word, what it is

@MA_KA_PA_TIE 3 жыл бұрын

@@garretttjordan QE is the creation of new dollars yes? The more of anything devalues each individual unit. Aluminum, tulips, iron, Zimbabwe dollar and salt all prove this.

@TRXST.ISSUES 3 жыл бұрын

This is George Orwell’s Animal Farm brought to life and we are all Boxer the workhorse.

@atherahmed6397 3 жыл бұрын

Boxer was a true believer in the system. I kinda feel like we are Boxer's shit.

@hansolowe19 3 жыл бұрын

I need to read that again.

@dominick1lucero 3 жыл бұрын

It's crazy how these crooks have actually convinced themselves they're the good people.

@patrickcarney9177 3 жыл бұрын

They know they're not. They're sociopaths with elite public relations.

@JK-gu3tl 3 жыл бұрын

Brought to you by Harvard and Government Sachs.

@kenyanfurnishedrentalsllc2505 2 жыл бұрын

Thank you. This is the kind of education we should have in our schools as the value of this is priceless, no pun intended.❤

@artemiasalina1860 3 жыл бұрын

For the quadrillionth time, END THE FED!

@dstyro 3 жыл бұрын

Ending the Fed is not the correct solution. A reserve bank keeps a country in check from borrowing more money they can pay back. Reversing a Nixon era decision which decoupled the dollar from Gold is the correct way. This will add intrinsic value back to the dollar and it will no longer be a fiat currency. This will stop stupid people in the government who make bad financial decisions.

@artemiasalina1860 3 жыл бұрын

@@dstyro I'm willing to strike a compromise with you: Remove all laws restricting the use of cryptocurrency, including all taxes or other rent seeking by the government, and I'll stop advocating ending the fed. You can have the Fed and a restoration of the gold standard and others can have crypto.

@endcronycapitalism1616 3 жыл бұрын

Bypass the fed! Start buying silver and crypto and using it!

@Sachz 3 жыл бұрын

@41:14 It’s almost like he’s double talking at this point. He knows what he did is wrong but he doesn’t care.

@P4fashion 3 жыл бұрын

This should be interesting.

@t-money8572 3 жыл бұрын

First thing I said when I clicked on it too lmao 🤣

@pratiklokhande7735 3 жыл бұрын

This should be criminal.

@jakebredthauer5100 3 жыл бұрын

@@Relic5150 it was a conspiracy until today.

@1MinuteFlipDoc 3 жыл бұрын

@@Relic5150 not a lot of common sense in economics. i would refer to basic physics instead.

@davidroche8627 3 жыл бұрын

True that

@themissingtile2828 2 жыл бұрын

Money printer go...... BRRRR......

@bobgreystoke316 3 жыл бұрын

Thank you Frontline for your important work and making it available here. You’re killing it.

@DANVIIL 2 жыл бұрын

PBS & Frontline are controlled opposition. You will never get the real story from them unless an accident occurs.

@kn9ioutom Жыл бұрын

WHEN THE RICH HAVE MORE MONEY THEY BUY CONGRESS !!! !

@whatitisnt2094 3 жыл бұрын

The Federal Reserve is neither Federal, or a reserve.

@downtourth 3 жыл бұрын

Most people think that's a conspiracy lol

@jumboMIDGET 3 жыл бұрын

Did they take your dog, too?

@downtourth 3 жыл бұрын

@@jumboMIDGET You are such a sychophant lemming it's hilarious lmmfao, ty

@angelachanelhuang1651 3 жыл бұрын

it's american

@whatitisnt2094 2 жыл бұрын

@A G see you are still living under the bridge

@_modvault 3 жыл бұрын

Thank you for this episode, I learned a lot. One ask: would you please always put the name and title of each interview subject on the screen, even on their second and third (and beyond) appearances in the episode? This would be very helpful, especially for those of us who watch episodes in fragments, over the course of hours or even days.

@dingfeldersmurfalot4560 3 жыл бұрын

Yup. Blink and you miss it.

@lizh4933 2 жыл бұрын

Excellent point. Many time I have to treat these videos as a podcast depending on what I am doing.

@melioristicone333 2 жыл бұрын

I don't know how you do it, once I start watching a frontline documentary. I can't stop 😅✌️

@garywester2353 2 жыл бұрын

@kn9ioutom 2 жыл бұрын

THE FED PRINTED TRILLIONS OF DOLLARS DURING THE TRUMP YEARS ! THEY THEN DUMPED IT IN THE STOCK MARKET !!!

@ghostlee2546 2 жыл бұрын

This was so informative of how the financial industry actually works.

@IIllIIllIIllIIll 3 жыл бұрын

The crew was so meticulous and professional, spending so much effort to make these interviews seem natural, and face to face. And then the editor keeps reminding us it was over zoom.

@tarataratara4901 3 жыл бұрын

Yes. If nothing else, that is the key take away from this documentary ... 🙄

@IIllIIllIIllIIll 3 жыл бұрын

@@tarataratara4901 I feel bad for the guys. They did amazing work, and then it was butchered in editing. People see different things in art. Some people see entertainment, some see a warning, etc. I saw unappreciated skill.

@arturogomeztagle9250 3 жыл бұрын

16:30 “people were dumb enough to let us have the power to rob them blind, so let’s do it.”

@007supertime 3 жыл бұрын

@bn2870 3 жыл бұрын

Thank you, Frontline. Always informative and entertaining Well done!

@pstewart5443 2 жыл бұрын

I saw more manipulation of the market than I have at any other time. There was a ton of money made from it too. The Fed is not a reserve. It's more like a credit card.

@ggrthemostgodless8713 3 жыл бұрын

"...an [unprecedented] epic experiment run by the FED..." Exactly.

@leverman7517 3 жыл бұрын

An unprecedented epic experiment run by the fed (well, at least facilitated by it) couff pandemic!

@ggrthemostgodless8713 3 жыл бұрын

@@leverman7517 NO... the Fed started way before COVID... it's been dragging this shit since at LEAST 2008. If you pay attention, this video really didn't say ANYTHING new, they just got access to some people that were there when it happened, but the info they give is plain old news, and it is also bullshit,

@007supertime 3 жыл бұрын

They knew what They were doing do not kid yourself, FED is a Private bank it self, If these crooks and idiots would give the money directly to the homeowners to pay their mortgages, that in turn they could make their payments to banks who would get the money anyways through the homeowners, that would save people from foreclosures keep their house, and inject money into economy ,but instead they gave the money to Banks (TOP) whom would not lend out the money, and foreclosed on homes anyways, what is wrong with this picture is trickled down economy what Senile Ronald Reagan economics never worked years ago. so people who did not need to money ion first place got more money. results tent cities. and inequality widened, mean time our deficit that our kids will end up paying got poorer, what part of this a good plan,? I am not economist, I would have known that it is a stupid plan, you want to help economy? they should have done what they are doing it today, give American people the money directly, they will pay off things buy more and economy will grow, and money always end up in the bank anyways as one spends seller puts it in the bank ,money keep circulating through the bank so they would have been fine, no matter what money always ends up in the bank, NO MATTER WHAT. so FK the Bank, think of the people , with the money FED printed they could have bought all the banks free and clear.

@buzoff4642 3 жыл бұрын

@@ggrthemostgodless8713 Didn't they bail out (at least) the car industry in the late 1980s? And the housing/bank industry with low interest rates in 2001? So really this would be the 4th round.

@ggrthemostgodless8713 3 жыл бұрын

@@buzoff4642 The main ones I remember are (and you can doodle them): 1987- 1991- 2000- 2007\2008- and 2020 Now with interest rates at ZERO well, it is free money for the big players. And with inflation anywhere between 10-50% depending on ho you ask, paying that loan is almost free.

@asherdie 3 жыл бұрын

“Neither a borrower nor a lender be; for loan doth oft lose both itself and friend, and borrowing dulls the edge of husbandry.” Hamlet

@turdfurgeson517 3 жыл бұрын

Huh???

@LynxStarAuto 3 жыл бұрын

@@turdfurgeson517 It's a classic line from a verse in Shakespeare's Hamlet. About borrowing and lending money....

@danielslara2010 2 жыл бұрын

Lame

@grant4735 2 жыл бұрын

@@danielslara2010 “Lame”

@entco4873 2 жыл бұрын

You are quoting Polonius’ advice to Laertes his son upon his return to college. Act 3 in hamlet. Was advice on how to be a man. It relates to lending or borrowing from friends not banks. You left out the next sentence you often lose the money and your friend. You are welcome !

@brendapalmer2189 3 жыл бұрын

"THE FEDERAL RESERVES PROVIDE A FALSE NARRATIVE TO REALITY!" Quantitative Easing Is Only Used Between Banks, But 'Not' Consumers.

@liamconverse8950 3 жыл бұрын

Once you start depending on getting money directly from the Fed, the Fed owns you

@tomnguyen9931 3 жыл бұрын

It injects credit into the bank systems. The problems was bank are not lending it out. It not as the billions the banks can get does not mean they just pocket it and spent it on themself. Give it to the "Consumers" there will be no one show up for works.

@liamconverse8950 3 жыл бұрын

@@tomnguyen9931 What work are these bansters doing?

@marcduchamp5512 3 жыл бұрын

The club money is well kept away from the public always. You don’t get none of it

@angelachanelhuang1651 3 жыл бұрын

americans don't make sense..i love my country

@Programsean 2 жыл бұрын

Frontline is always very informative. There’s pro & con on both sides in this topic, especially lower rates & high rates. Let’s not forget, INFLATION, the # 1 silent killer in the history of financial economics & stability.

@streetsoflaredo3432 3 жыл бұрын

Ben Bernanke wouldn't agree to be a part of this program? Why?

@007supertime 3 жыл бұрын

@airmark02 3 жыл бұрын

@@007supertime ...sorry to break your heart Bernie is a fraud just like Trump Obama & baby Bush

@airmark02 3 жыл бұрын

@@007supertime Pepsi or Coke ?

@007supertime 3 жыл бұрын

@@airmark02LOL Nice one. love it but, you may not agree with it but price control actually benefits people, like essentials as Energy, housing , education food,prescription drugs, health care, these are the essentials to our lives, we have to control them to be affordable for the nation.what do you think ?

@007supertime 3 жыл бұрын

@@airmark02 Not true he does best he could do all others are like Vultures ,they would kill him if they could, you been very unfair,

@kristjanmartin9883 3 жыл бұрын

I've never been able to get a loan. I was injured at work at the very end of 2017, but due to preexisting conditions I'm ineligible for benefits. My company made a low avg if 150k a day in my dept. Days before the lockdown my car was repossessed, and if not for PUA I would t have had any income from then to now. Kinda hard for people like me to feel great about everything D.M.

@mustbtrouble 3 жыл бұрын

Yeah stay up I feel for you. They got mine too & put a “30 day hold” on it so the impound fees were more than it’s value. It sucks not having a car. Hope you can find work where you won’t be injured again & can thrive soon. 🍀

@nickclark18 2 жыл бұрын

oh poor me poor me i cant get loan, wahh wahh waHH big deal dude, big fkn deal, get a bucket so you don't shed a river all over my brand new carpet that i bought with a 4000$ loan and just finished paying back last week dude

@soulfireonfire6423 2 жыл бұрын

@@nickclark18 And no matter what you have new you will always be an AH!! You must be part of the problem! Kissing the axx of the AH’s pushing this agenda I imagine. Imagine having a goal of being an AH!!! Not hard just kiss everyone’s axx No matter who they destroy. Then your day will come !!! Cause you are small potatoes. Just a tool! LMAO!!!

@michaelbrennan5433 3 жыл бұрын

So if your high stakes gambler, no downside, hello Daddy, Mr. Fed.

@stachowi 3 жыл бұрын

capitalism on the way up, socialism on the way down... and they know when it's goign to go down because they cause it. Totally rigged game.

@raghuvenkatesan6792 3 жыл бұрын

@@stachowi other way around socialism on the way up capitalism on the way down

@sten260 3 жыл бұрын

@@raghuvenkatesan6792 huh? socialism doesn't create wealth so it can't cause anything to go up lol

@theboldandthebeautiful3729 Жыл бұрын

Wow! As a lower income American who was curious about the interest raise hike announced today and was wondering why--- this presentation was amazingly informative and understandable! And in Oda Mae's voice from ghost: "America, you danger girl". its time to regulate corporations and what they can and can't do w Government money- but due to aggressive lobbying this seems damn near impossible.

@StankyPickle1 3 жыл бұрын

28:36 Who cares about 2-3% higher earnings if inflation is at 5.4%.

@SubvertTheState 3 жыл бұрын

"What happens if the Fed doesnt turn the tap off in a gradual way?" "You would see asset values drop through the floor" Yeah, the values of assets that dont contribute to anyone's life. I give zero !&#@$about corporate bond rates. I'm 32 and i shouldnt need a million dollars to buy my first house.

@cesartha8437 3 жыл бұрын

If the values drop is because they're fictitious which means they shouldn't be there in the first place which means they're made up on your dime. The people who profit off this will not give the money back.

@dp26385 3 жыл бұрын

👍

@Nicholas-f5 3 жыл бұрын

Only $850,000.00 for a burnt out one 🤣

@dingfeldersmurfalot4560 3 жыл бұрын

"The stock market is a graph of rich people's feelings."

@mr.e4381 3 жыл бұрын

I’m still waiting to get the 1st & 2nd stimulus check.

@critterfestsanctuary2446 3 жыл бұрын

Go to a tax place and they will set up an e file with your banks router number and you will get it asap. I didnt even have any income to show on taxes and they did an easy form with all zeros on it and I got mine within 2 weeks. It cost 90 bucks. I would of done it on my own but had a problem getting the stupid send button lined up on my phone and said screw it and took it in.

@jkholtgreve 3 жыл бұрын

@@critterfestsanctuary2446 I’m not anti-IRS by any means but the bean counters there aren’t great at web development or coding…haha.

@gaylecoleman8567 3 жыл бұрын

I wonderWill we be taxed for the stimulus checks that they printed in the basement 🤔🤔🤔

@JohnDaniels 2 жыл бұрын

END THE FED

@arontesfay2520 3 жыл бұрын

6:08 such a convenient cover for bailing out banks and corrupt corporations. If I remember clearly, it wasn't average Americans who ended up with more credit in their hands

@JohnWilliams-nw7of 3 жыл бұрын

The issuing power of money should be taken away from the banks and restored to the people, to whom it properly belongs. Thomas Jefferson

@sldokic 3 жыл бұрын

Or even better. Every home should have money printing press.

@100perdido 3 жыл бұрын

Only when Republicans are out of office. Trump spent money like a drunken sailor and so did Reagan.

@gaylecoleman8567 3 жыл бұрын

Too late they are too good at deviding the people

@Phoenix-J81 3 жыл бұрын

This is the best documentary I've ever seen on this topic. I'm so glad you made this, thank you.

@pzpinkslip123 3 жыл бұрын

It's was very informative

@007supertime 3 жыл бұрын

@airmark02 3 жыл бұрын

You're Joking right?

@Phoenix-J81 3 жыл бұрын

@@airmark02 uh, no. I thought it was a good documentary.

@newyorkcity76 2 жыл бұрын

The best its inside job by Charle Ferguson filmmakers

@ifitaintonethingitsanother 2 жыл бұрын

Greetings, sadly so many of us think we've seen the darkest chapter. 🙏🙏🙏 it's past time we start praying like never before. Myself included.

@Indian-cv6hq 3 жыл бұрын

Sadly saving is the worst and borrowing is the best decision you could make what a wired world we are living in

@007supertime 3 жыл бұрын

@AbrahamsYTC 3 жыл бұрын

It has been a debt based system for a long time now, especially once we dropped off the gold standard. Responsible people are punished and have their savings diluted by inflation (the CPI is a huge lie with fraudulent numbers). That's how the Fed/financial institutions have gamed the system and acquired REAL assets. Place everyone on higher interest debt while they actually do REAL work. They leave the best rates for the banks and institutions...and if they fail, well they have the Fed as a backstop. Why? Because the major banks OWN the Fed, so the banks ARE the Fed. In the end this is the silent transfer of REAL assets going to the most well connected and elite...and all completely legal.

@007supertime 3 жыл бұрын

@@AbrahamsYTC Gold system in unattainable but our government should own the printing press of the money we use,not a private companies we have to nationalize FED

@007supertime 3 жыл бұрын

@@AbrahamsYTC Please research this, that is how they took over England after the 'Battle of Waterloo" have you ever read that war between England and France and how todays FED owners their great granddad who had two son one in Paris one in London, each supporting the other, Napoleon was the one started the war England responded, and after that planned and executed program to own England's economy ,made Queenn their btch ,entire England and Part of the France was taken by the same family and friends own FED today family? read it , you are right this was to own everything in America, print the money lend it to each other and buy everything in value while they sell you this Bull sht that they are saving our economy and Jobs.

@BeefZupreme 3 жыл бұрын

WHY DOESNT IT TELL US THAT THE FEDERAL RESERVE HAS THE POWER TO CREATE INFLATION

@holdmybeer123 3 жыл бұрын

PBS is a government organization, same as the FED (it's private only nominally) The left arm canno't criticize the right arm.

@jimilindley4422 3 жыл бұрын

WTF 🤷, They are the only organization who prints money, and controls interest rates. Who else or how else do you create inflation? It's like asking why you weren't told clouds can create rain. 🤷

@u.s.militia7682 3 жыл бұрын

They just did or didn’t you watch the documentary?

@ev6304 3 жыл бұрын

@@jimilindley4422 that’s not true. The fed can tamp down on inflation. The alternative is a fixed dollar that they can’t manipulate in down times. Or what gold that would make our economy contract.

@jimilindley4422 3 жыл бұрын

@@ev6304 What? Read my comment again please. Simply stating that the fed obviously can create inflation. Is in no way connected to my knowledge of there ability to decrease inflation as well. The hubris of those who can't process what they read but are oblivious to it and comment anyway is staggering

@zippydoo9533 3 жыл бұрын

So in other words the FED is the ultimate inside trader but since they run the show it's okay but anybody else doing the same will be crushed.

@asimellamo8411 3 жыл бұрын

Veryyy accurate

@kabuginjimu8573 2 жыл бұрын

The FED is one of the most successful institution man has ever created...they have managed to fight recessions and depressions for more that a hundred years with great success, created a successful economy, lowered unemployment rate and brought high productivity growth...Although their model is not 100% effective or efficient - certainly no model is perfect - as it has brought high inflation and inequality, critics don't tell us what are the alternatives to the FED.

@soulfireonfire6423 2 жыл бұрын

That’s hilarious!!! They all come from the same team Objective one world order!!! Get a grip!

@josiasnkwana9282 Жыл бұрын

Don't buy financial assets instead create gov projects(public infrastructure, improve Healthcare etc) and issue the contracts to whoever can complete the project with efficiency n real value