The Power of the Fed (full documentary) | FRONTLINE

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FRONTLINE PBS | Official

FRONTLINE PBS | Official

2 роки тому

When COVID-19 struck, the Federal Reserve stepped in to try to avert economic crisis. As the country’s central bank continues to pump billions of dollars into the financial system daily, who is benefiting and at what cost?
This journalism is made possible by viewers like you. Support your local PBS station here: www.pbs.org/donate.
FRONTLINE investigates “The Power of the Fed” - and how the central bank’s actions have played out over the years on Wall Street versus Main Street - in a gripping new documentary.
From the award-winning investigative team behind “Amazon Empire” and “The Facebook Dilemma,” the film traces how an experiment the Fed began after the 2008 crash has been dramatically changing the American economy - exploring criticisms that, while well-intentioned, the Fed’s efforts have contributed to wealth inequality, helped today’s financial world grow far removed from the real-world economy, and prompted fears of growing inflation and an impending crash.
The documentary is supported by The WNET Group’s Chasing the Dream, a public media initiative that examines poverty, justice and economic opportunity in America.
The correspondent is James Jacoby. The writers and producers are Anya Bourg and James Jacoby. The co-producer is Megan Robertson. The senior producer is Frank Koughan. The executive producer is Raney Aronson-Rath.
For more reporting in connection with this investigation, visit FRONTLINE’s website:
to.pbs.org/3B0YXGX
#Documentary #FederalReserve #Wall Street
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FRONTLINE is produced at GBH in Boston and is broadcast nationwide on PBS. Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation. Support for “The Power of the Fed” is provided by The WNET Group’s “Chasing the Dream,” a public media initiative that examines poverty, justice, and economic opportunity in America, with major funding by The JPB Foundation and additional funding from The Peter G. Peterson and Joan Ganz Cooney Fund.

КОМЕНТАРІ: 5 900
@gabriele894
@gabriele894 Рік тому
> 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
@M_Harry2 Рік тому
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
@M_Harry2 Рік тому
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
@sophiahermann Рік тому
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
@M_Harry2 Рік тому
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
@DAV_B Рік тому
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
@claudiaperea 2 роки тому
28:08 Dude, no matter how many times you say you’re helping the poor still doesn’t make it true.
@db5823
@db5823 2 роки тому
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
@ramhusk6818 2 роки тому
@@db5823 His level of insincerity is unnerving
@shortthevix9599
@shortthevix9599 2 роки тому
Dude is a former Goldman Sachs fat cat. Some say he still works for them under the guise of the Fed.
@Eric345
@Eric345 2 роки тому
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
@sklord266 2 роки тому
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?
@JohnDaniels
@JohnDaniels 2 роки тому
"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
@bigperm9903 2 роки тому
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
@JohnDaniels 2 роки тому
@@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
@toddinthemiddle Рік тому
@@JohnDaniels the world is run by psychotic criminals
@aspiringvoiceactor645
@aspiringvoiceactor645 Рік тому
JFK tried ending them and was killed for it.
@LukeT1
@LukeT1 10 місяців тому
Thomas Jefferson never said that.
@3000yearslater
@3000yearslater 2 роки тому
Can we just stop for a moment to appreciate the quality of information given to us over the internet world wide
@tylerdurdin8069
@tylerdurdin8069 Рік тому
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
@milire2668 Рік тому
fu
@Otis-Tank420
@Otis-Tank420 9 місяців тому
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
@vulnavia691
@vulnavia691 2 роки тому
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
@ThatCasualZach 2 роки тому
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
@colekeenan5825 2 роки тому
@@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
@ArchYeomans 2 роки тому
Alien skull man wants you to value your job as he prepares Earth for an invasion of his species.
@RichAtHeart
@RichAtHeart 2 роки тому
Asset, because we citizens are pledged as laborer's
@Rippypoo
@Rippypoo 2 роки тому
@@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.
@arnstucki8641
@arnstucki8641 2 роки тому
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
@GuyMichaely 2 роки тому
Stonks only go up noob
@Samantha30090
@Samantha30090 2 роки тому
And whose fault is that? If you accept criminal behavior, you'll get criminal behavior.
@DD_MENEN
@DD_MENEN 2 роки тому
L
@drowsy_mouse8406
@drowsy_mouse8406 2 роки тому
Right like we have any say at all over the corruption
@handlemonium
@handlemonium 2 роки тому
No wonder they're delaying the certification of crypto ETFs.
@maryalchester
@maryalchester Рік тому
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
@mvanwie Рік тому
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
@mvanwie Рік тому
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
@aliyunko9689 Рік тому
@@mvanwie how do I get to Juliet eve Downey?
@alyoshaivanovv
@alyoshaivanovv Рік тому
@@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
@hueymorello5115 Рік тому
Thank you
@clarestucki5151
@clarestucki5151 2 роки тому
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
@bigperm9903 2 роки тому
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-Tank420
@Otis-Tank420 9 місяців тому
And the IMF controls inflation. What's your point
@Otis-Tank420
@Otis-Tank420 9 місяців тому
​@@bigperm9903since there is no money, everything is a tax. If there is no principal to pay on it will never go away
@clarestucki5151
@clarestucki5151 9 місяців тому
@@Otis-Tank420 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".
@pipmeyer7764
@pipmeyer7764 2 роки тому
That was fucking depressing, everyone who was born in the 90s on are in for a hell of a ride.
@aresmars2003
@aresmars2003 2 роки тому
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
@1MinuteFlipDoc 2 роки тому
@@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!
@User-xcv227
@User-xcv227 2 роки тому
@@1MinuteFlipDoc 😂😂👌
@Via-Media2024
@Via-Media2024 2 роки тому
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
@kohort1 2 роки тому
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.
@Stranger_In_The_Alps
@Stranger_In_The_Alps 2 роки тому
“It’s a big club, and you ain’t in it” George Carlin
@007supertime
@007supertime 2 роки тому
He was the best they killed him too
@007supertime
@007supertime 2 роки тому
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
@Simon-kq8xs 2 роки тому
@@007supertime you understood lieterally nothing ffs
@WilliamSchlott
@WilliamSchlott 2 роки тому
The club they beat us over the head with.
@TravisBerthelot
@TravisBerthelot 2 роки тому
One of my favorite quotes.
@marvinscott2630
@marvinscott2630 2 роки тому
I've been searching for a good broker to trade with!!! Please 🙏 sir how can i find one??
@stevenmark4492
@stevenmark4492 2 роки тому
Real brokers are hard to find but you have to settle down and select one for yourself
@willsonjames6124
@willsonjames6124 2 роки тому
Yes you're right!! Real brokers are hard to find but i have one which I've been trading with Mrs Bell Elizabeth. Is her name familiar with anyone here?
@mclarendavid5935
@mclarendavid5935 2 роки тому
@@willsonjames6124 Wow 😲 I'm surprised you called that name here. Yes I've been working with her and she's super fabulous
@odilichukwudilucky504
@odilichukwudilucky504 2 роки тому
Ohh i remembered a friend of mine calling that name but i didn't pay attention then... But i will like to make some good investment with her.
@allengalvin2838
@allengalvin2838 2 роки тому
You guys know Mrs Bell Elizabeth too... I have been trading her, i invested $7k last two weeks and i received $21,560k and i placed another trade immediately.
@mattgannon3619
@mattgannon3619 Рік тому
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.
@kukumdogo
@kukumdogo 2 роки тому
The rich are planning for a ride in space and we can not afford a decent food on the table. Very sad indeed.
@yahudahintrudahtruetribeof7639
@yahudahintrudahtruetribeof7639 2 роки тому
Man that sounds like monopoly in word's. They own it all and sell it as they please.
@AmoozingCows
@AmoozingCows 2 роки тому
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
@cosmoevents21st56 2 роки тому
@@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
@Samantha30090 2 роки тому
And whose fault is that? People are getting what they deserve because they sit back, complain, then let it happen.
@cosmoevents21st56
@cosmoevents21st56 2 роки тому
@@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.
@michaelyoung3162
@michaelyoung3162 2 роки тому
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
@ArchYeomans 2 роки тому
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
@kierenvanderhaar6329 2 роки тому
And never have been
@darrylegbert9239
@darrylegbert9239 2 роки тому
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
@shootermcgavin4999 2 роки тому
@@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
@snowballeffect7812 2 роки тому
@@darrylegbert9239 He was talking about the financial market in general. The fed is just one part of it.
@marianparker7502
@marianparker7502 Рік тому
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
@Robertgriffinne Рік тому
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
@tradekings5433 Рік тому
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
@Natalieneptune469 Рік тому
@@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
@PhilipMurray251 Рік тому
@@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
@Patriciacraig599 Рік тому
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
@stevenpaul4394
@stevenpaul4394 2 роки тому
Someone told me that it's the best time to buy because there will be a huge pump
@ashleykimberly4285
@ashleykimberly4285 2 роки тому
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
@aarontyler3029 2 роки тому
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
@davidthomas4788 2 роки тому
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
@jerrygilbert3458 2 роки тому
How do you do it
@kelvintimothy1544
@kelvintimothy1544 2 роки тому
Because I've tried severally but seems not working
@johnbaugh2437
@johnbaugh2437 2 роки тому
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
@garytoddy8818 2 роки тому
Hello
@happydadjr.2142
@happydadjr.2142 2 роки тому
This is the best comment I’ve seen on here
@drewmqn
@drewmqn 2 роки тому
His son gets a shout-out at 11:40.
@jkholtgreve
@jkholtgreve 2 роки тому
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
@johnbaugh2437 2 роки тому
@@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.
@debscamera2572
@debscamera2572 2 роки тому
He called it a "confidence game", aka "con game". He said that out loud.
@abbuckley
@abbuckley 2 роки тому
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
@baiaforev2407 2 роки тому
Well said
@facethesky1066
@facethesky1066 2 роки тому
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
@nickclark18 Рік тому
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
@abbuckley Рік тому
@@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
@abemoore8256 Рік тому
@@abbuckley killer name sir.
@bullwaves6681
@bullwaves6681 2 роки тому
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
@milire2668 Рік тому
bs lol
@natalyawoop4263
@natalyawoop4263 Рік тому
Millire, you know more than like twenty different people who are in the doc?
@milire2668
@milire2668 Рік тому
​@@natalyawoop4263 i will share my "knowledge" asap. u should watch richard andreas werner. he seems to be better than this doc
@bullwaves6681
@bullwaves6681 Рік тому
@@milire2668 Which video, do you want us to watch all of the videos? Smh.
@DrMalware
@DrMalware 2 роки тому
“Conflict delayed, is conflict multiplied” -Jordan Peterson
@Eastbayrob
@Eastbayrob 2 роки тому
You mean the drug addict?
@scrub3359
@scrub3359 2 роки тому
@Jay Bee yeah, leave the dems out of it, JP was addicted to benzos
@agentsmidt3209
@agentsmidt3209 2 роки тому
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
@Eastbayrob 2 роки тому
@Jay Bee the dems? Your a partisan clown 🤡.
@MrR40388
@MrR40388 2 роки тому
@@Eastbayrob 2 party system is a big fail.
@billymania11
@billymania11 2 роки тому
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
@elbinx760 2 роки тому
sounds about white…
@axelband1770
@axelband1770 2 роки тому
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
@lkabong5529 2 роки тому
@@axelband1770 We the people are coming, and we're bringing hell with us.
@HarlemVega520
@HarlemVega520 2 роки тому
@@elbinx760 couldn't have said it better myself sounds about right
@designlabMX
@designlabMX 2 роки тому
seams a very good and well documented pice, the incedoble thing is that we lnow and we alowed to happen.
@NICO-Z-TRADER
@NICO-Z-TRADER 2 роки тому
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...
@RidingWithBiden
@RidingWithBiden Рік тому
Trump's zero-percent interest rates weren't a very good idea.
@vytallicaq.6881
@vytallicaq.6881 Рік тому
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
@mastalee1776 Рік тому
​@@vytallicaq.6881 Look a up a video called century of enslavement the history of the federal reserve
@reabbotted
@reabbotted Рік тому
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
@jeffworob3453
@jeffworob3453 2 роки тому
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
@davecummings7477 2 роки тому
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
@jeffworob3453 2 роки тому
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
@sanbruno3606 2 роки тому
PEACE PROSPERITY BONANZA FREE THINKING
@pasquinomarforio
@pasquinomarforio 2 роки тому
As we just learned in 2020, it's not who votes that count, it is who counts the vote that counts.
@tedadams1324
@tedadams1324 2 роки тому
The 1% is NOT the problem. The GOVERNMENT is the problem.
@garretttjordan
@garretttjordan 2 роки тому
“Paper is poverty. It is only the ghost of money and not money itself.” - Thomas Jefferson
@artemiasalina1860
@artemiasalina1860 2 роки тому
"Gold is money. Everything else is credit." -- JP Morgan
@getredytagetredy
@getredytagetredy 2 роки тому
Not backed is called Currency Backed is called Money.
@handlemonium
@handlemonium 2 роки тому
When capitalism feeds capitalism and not the people and labor.
@johnklaus9111
@johnklaus9111 2 роки тому
He was proved wrong about that repeatedly. Don’t quote dead people who were wrong, just because they were famous.
@johnklaus9111
@johnklaus9111 2 роки тому
@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.
@pstewart5443
@pstewart5443 2 роки тому
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.
@kennethfarley8347
@kennethfarley8347 2 роки тому
It all boils down to two words: CORPORATE GREED!
@DavidFox
@DavidFox 2 роки тому
"We don't doubt, Mr Kashkari, that you're working hard. Our question is, who are you working for?!" --Dennis Kucinich
@farmerone3710
@farmerone3710 2 роки тому
Israel
@nslcap
@nslcap 2 роки тому
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
@steveandrews8301 2 роки тому
He reminds me of crazed, "Uncle Festus" on the Adams family. Creepy dude.
@SeymourPicks
@SeymourPicks 2 роки тому
@@steveandrews8301 He never blinks.
@SeymourPicks
@SeymourPicks 2 роки тому
@@100perdido I wish.
@sdmagik1
@sdmagik1 2 роки тому
“I am a most unhappy man. I have unwittingly ruined my country.” -Woodrow Wilson, after signing the Federal Reserve Act of 1913
@007supertime
@007supertime 2 роки тому
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.
@Eastbayrob
@Eastbayrob 2 роки тому
@@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
@bmatthews15 2 роки тому
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
@alexbarajas2742 2 роки тому
@@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
@TheFranksantana 2 роки тому
@@007supertime bernie sanders is a sell out of the democratic party.
@omga14
@omga14 2 роки тому
The continued belief that "give to the company/rich and the effects will "trickle down" to the average citizen" is the definition of insanity. It hasn't worked since the Reagan era near 40 years ago. I mean look at the sound bite "trickle down". It is told to you directly that they don't expect much to get to you if at all. Direct support of it's citizenry will boost the stability of the country as a whole.
@toomanylies7716
@toomanylies7716 2 роки тому
Yeah. Every time I hear it I have to roll my eyes. Trickle down economics is one hell of a lie. It sounds so good it has to be true!
@michaellouis5458
@michaellouis5458 Рік тому
Despite the economy crisis, this is still a good time to invest in stock and crypto.
@remindmeofeverything6317
@remindmeofeverything6317 Рік тому
You're right stock and crypto are the best to invest on right now.
@franciscar_binarias
@franciscar_binarias Рік тому
I had her strategies are really amazing thinking on starting a deal with her
@ryanrainbow2280
@ryanrainbow2280 Рік тому
@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
@ryanrainbow2280 Рік тому
@vallekas thanks
@homemade1419
@homemade1419 Рік тому
OMG trading crypto with expect hanna macko has been a life changing for me, l call her fx goddess
@Brettagher
@Brettagher 2 роки тому
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
@juliusvujanov4866 2 роки тому
unelected pump and dump inflation scammers
@Programsean
@Programsean 2 роки тому
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
@polarizedsquirrel3867 2 роки тому
What's the alternative???
@Brettagher
@Brettagher 2 роки тому
@@polarizedsquirrel3867 Let the market decide the interest rates. Lower highs, less detrimental crashes.
@polarizedsquirrel3867
@polarizedsquirrel3867 2 роки тому
@@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?
@jaredlewis8689
@jaredlewis8689 2 роки тому
This is why pbs gets so many contributions from viewers like you, they have great documentaries about recent events. Thank you
@Matt-ph8yq
@Matt-ph8yq 2 роки тому
You're welcome.
@farmerone3710
@farmerone3710 2 роки тому
Lol
@gabrieljean-batiste2006
@gabrieljean-batiste2006 2 роки тому
Actually, I haven't seen a PBS fundraising call-a-thon since I was a kid. I had totally forgotten they take contributions. I watch the YT channel all the time bc it produces quality work. I should donate a few bucks to them. Thanks for the reminder!
@My6216
@My6216 2 роки тому
PBS is full of leftists not liberals they are soft commys
@rickreynolds9306
@rickreynolds9306 2 роки тому
@@gabrieljean-batiste2006 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. ;)
@ghostlee2546
@ghostlee2546 2 роки тому
This was so informative of how the financial industry actually works.
@kenyanfurnishedrentalsllc2505
@kenyanfurnishedrentalsllc2505 Рік тому
Thank you. This is the kind of education we should have in our schools as the value of this is priceless, no pun intended.❤
@iamwarrenwest
@iamwarrenwest 2 роки тому
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
@hectorgonzalez5030 2 роки тому
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
@xmtslowx 2 роки тому
@@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
@its_jawsh6145 2 роки тому
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
@ameenabdullah3712 2 роки тому
@@its_jawsh6145 what do you mean by chasing after equity?
@BillyBob-oi9kl
@BillyBob-oi9kl 2 роки тому
@@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.
@SolaceEasy
@SolaceEasy 2 роки тому
"Whatever The Fed does next has consequences for us all." But mostly for the poorest.
@allensprouse2984
@allensprouse2984 2 роки тому
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!
@Maclyn88
@Maclyn88 Рік тому
Man, I love Frontline documentaries! So informative from a reliable source!
@christinasornbutnark1208
@christinasornbutnark1208 2 роки тому
In 2008 my dad lost his business. After that he lost everything. He killed himself. My mom lasted a month longer. Screw the feds & all the morons that flatlined my dad & his business. The same year my sister lost her house. I managed to hold onto mine even though I hadn’t had a job in over 18 months. If I knew about 2008 before it happened I would have killed myself in order to not witness all the damage. To this day it haunts me. The feds did that. They decided to help the banks, not the people.
@wintersmill4853
@wintersmill4853 2 роки тому
The marriage of corporations and government is the actual definition of fascism. This is more concerning than any economic event in my lifetime.
@Douglastrades
@Douglastrades 2 роки тому
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
@mattrodriguez2856 2 роки тому
You 100% nailed it. This marriage has been going on for a very very long time.
@soulfireonfire6423
@soulfireonfire6423 Рік тому
@@Douglastrades My son watched that! He said I have to watch it! Ben Afleck?
@Douglastrades
@Douglastrades Рік тому
@@soulfireonfire6423 The Big Short
@Douglastrades
@Douglastrades Рік тому
@@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..
@eversor431
@eversor431 2 роки тому
"The Federal Reserve did an amazing job" -Said no one correctly ever
@punker4Real
@punker4Real 2 роки тому
this doc is just paid propaganda
@richardsawicki8521
@richardsawicki8521 2 роки тому
"Amazing"- causing great surprise or wonder...as would a Great White shark attack or an extinction-level meteor strike! '
@RobertSmurda
@RobertSmurda 2 роки тому
Bernanke did an amazing job
@erichawkins5738
@erichawkins5738 2 роки тому
So did Timothy Geitner
@erichawkins5738
@erichawkins5738 2 роки тому
And so did Barack Obama
@Mrarmageddon8
@Mrarmageddon8 2 роки тому
I honestly think this is one of the most important documentaries in years!
@schneidz428
@schneidz428 2 роки тому
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.
@philliplyn2692
@philliplyn2692 Рік тому
Loving this one thanks for sharing very information blessed love to all knowledge is power hopefully everyone pays attention keep up the good work 🙏🏿🙏🏿🙏🏿🇯🇲🇯🇲🇯🇲
@markcampbell7577
@markcampbell7577 2 роки тому
How do you have a perception of economic health without considering homeless people as a cause of irresponsible economic policy. !!!???
@rickreynolds9306
@rickreynolds9306 2 роки тому
@@illuminatihunters3601 who said it was a crime? Stop conflating.
@rickreynolds9306
@rickreynolds9306 2 роки тому
@@illuminatihunters3601 assuming what? You implied the OP was about homelessness being a crime. What are you talking about? lol...
@its_jawsh6145
@its_jawsh6145 2 роки тому
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
@rickreynolds9306 2 роки тому
@@its_jawsh6145 you're saying economic policy can never have any impact on the level of homelessness?
@poop-yd4kc
@poop-yd4kc 2 роки тому
I don't think they believe it's a cause of their actions is why
@matrixkernel
@matrixkernel 2 роки тому
Whatever they did, working a 9 to 5 has never been more undesirable.
@snowballeffect7812
@snowballeffect7812 2 роки тому
@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
@fadenmac8092 2 роки тому
@@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
@snowballeffect7812 2 роки тому
@@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
@talkalottmedia 2 роки тому
I needed this comment in my life 😭💀
@connorkearley7381
@connorkearley7381 2 роки тому
true
@nathanfu6009
@nathanfu6009 Рік тому
The tragic irony is that the very Americans that Kashkari professes to protect - those without stocks, real estate, retirement accounts (i.e. assets) - are also the ones most vulnerable to the effects of rampant QE, given that their "most valuable asset" (cash) is precisely what is being devalued through money printing. So yes, without a doubt, what the Fed did is exacerbating the wealth divide.
@dc2guy2
@dc2guy2 6 місяців тому
Thank you, I came here to say this too. Kashkari and all the others like him in the Fed are so openly sleazy and constantly lying through their teeth when it's so obvious they don't care about Main St. All of them are 🍕's of 💩
@theboldandthebeautiful3729
@theboldandthebeautiful3729 Рік тому
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?
@ilmknowledge
@ilmknowledge 2 роки тому
This guy Khashkari clearly say he is part of a broken system that can not hold the ultra-rich responsible
@JK-gu3tl
@JK-gu3tl 2 роки тому
Dude is definitely suspect. #2 on TARP (Goldman Sachs man even) and ran as a GOP nominee for Cali governor. Dude reeks.
@TheRoland444
@TheRoland444 2 роки тому
Khashkari IS the definition of a PSYCHOPATH.
@cosmoevents21st56
@cosmoevents21st56 2 роки тому
Because the guy is a lapdog for his evil masters.
@johnnytoobad7785
@johnnytoobad7785 2 роки тому
Neil Cash&Carry. The "Socialist" FED member. As the Mothers of Invention once said: "We're Only In it for the $$".
@JK-gu3tl
@JK-gu3tl 2 роки тому
@New Moon I prefer court injunctions over gov't decree.
@gruntsrus9444
@gruntsrus9444 2 роки тому
It's, sad. For the Majority of good hearted, hard working, loyal American families.
@doom2avatar
@doom2avatar 2 роки тому
Lol loyal
@NicholasBall130
@NicholasBall130 5 годин тому
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
@StacieBMui 5 годин тому
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
@StocksWolf752 5 годин тому
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
@EleanorBaker474 5 годин тому
Could you kindly elaborate on the advisor's background and qualifications?
@StocksWolf752
@StocksWolf752 5 годин тому
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.
@shawnphillips4804
@shawnphillips4804 2 роки тому
I love how he said "It was like there building a plane while flying it" That sounds dangerous....
@scorch4299
@scorch4299 Рік тому
nonsense. here, hold my beer.
@muhammad-bin-american
@muhammad-bin-american 2 роки тому
This is why whenever I see the 'list of the most corrupt countries in the world' I laugh.
@Stoneface_
@Stoneface_ 2 роки тому
Ba pullo. Ajarama!👊🏿
@adammcgirt5434
@adammcgirt5434 2 роки тому
The 08 bailout did everything but help the average American.
@jefffarmer5785
@jefffarmer5785 2 роки тому
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_
@TheOneAboveAll_ 2 роки тому
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
@Craigphillipx 2 роки тому
Rise above average then
@guillotinepod9988
@guillotinepod9988 2 роки тому
@@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_
@TheOneAboveAll_ 2 роки тому
@@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.
@youngchunder5076
@youngchunder5076 2 роки тому
Finallly actual journalism thank you so much! 💯💯🇺🇸
@rbs0648
@rbs0648 Місяць тому
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.
@parallacksg
@parallacksg 2 роки тому
42:23 Did this guy literally just say "Its not our fault they didn't make rules to stop us"?
@LarryManiccia
@LarryManiccia 2 роки тому
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
@Cynnas 2 роки тому
That's what the top 10% say about not paying "their share" of taxes; they just take advantage of the existing tax laws. 🙄
@nohopeequalsnofear3242
@nohopeequalsnofear3242 2 роки тому
Yes... thats pretty much what he said.
@charlie3k
@charlie3k 2 роки тому
This guy just shifted the blame to not accept responsibility.
@joeschmo9953
@joeschmo9953 2 роки тому
....said every sociopath ever
@celticman1909
@celticman1909 2 роки тому
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
@novinawright1228 2 роки тому
Who really is the average American the middle class or the poor
@kevinkemble3718
@kevinkemble3718 2 роки тому
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
@celticman1909 2 роки тому
@@novinawright1228 I've wondered about that too.
@theboldandthebeautiful3729
@theboldandthebeautiful3729 Рік тому
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.
@xtinabay
@xtinabay Рік тому
Kashkari is a joke. He's criticizing the Fed's actions in 2020, while saying 2008 was necessary. Morally, what the Fed did in 2020 was way more justifiable than 2008. In 2008, he was one of the engineers of the biggest bailout of reckless behavior ever.
@whiskers78753
@whiskers78753 2 роки тому
What is Quantitative Easing? Answer: Money printing. It's been tried many times before, with the same result. Nothing to see here.
@sten260
@sten260 2 роки тому
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
@TXHillCountry 2 роки тому
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
@garretttjordan 2 роки тому
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
@libconservative3481 2 роки тому
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
@doktoronyx6619 2 роки тому
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.
@pauljacobson2207
@pauljacobson2207 2 роки тому
"The rich getting richer, the poor get the picture...." -Midnight Oil
@pslay9324
@pslay9324 2 роки тому
good one
@MoonLiteNite
@MoonLiteNite 2 роки тому
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
@josemartinez280 2 роки тому
@@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
@josemartinez280 2 роки тому
@@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
@yeetboi268 2 роки тому
@@josemartinez280 how about public transport?
@rnfl4089
@rnfl4089 Рік тому
I remember growing up when the economy was leading to the Global financial crisis in east side San Jose and prices, crime, homeless, people losing homes and incarceration was up. My parents lost their condo because they were given a ridiculous mortgage loan. If it wasn’t for my grandma my parents, 4 siblings, and me would have been homeless as well. It is so sad that the Fed are quick to bailout banks/institutions but US citizens like my family and I have to face the consequences with no bailout.
@bigperm9903
@bigperm9903 2 роки тому
It all starts and ends with Congress. They voted in the Fed in 1913 under the guise of "stabilizing the economy." The only thing they've stabilized is their pockets. In reality under their incompetent and deceiptful practices they have created the crashes in 1921, the GREAT DEPRESSION from 29-39, BLACK MONDAY in 1987. The recessions in 53, 57, 69, 75, 81 and what is happening now. Congress voted them in 109 years ago. Congress needs to vote them out
@hazelsparkles4352
@hazelsparkles4352 2 роки тому
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
@007supertime 2 роки тому
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.
@mab1ism
@mab1ism 2 роки тому
Hes referring to those credit cards you maxed out
@CrowClouds
@CrowClouds 2 роки тому
Love is also abundant and easy to get, but the rich don't seem to have it
@tabs9213
@tabs9213 2 роки тому
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
@AbrahamsYTC 2 роки тому
@@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.
@bryptobrazy1784
@bryptobrazy1784 2 роки тому
I have watched so many documentaries on this topic but this is by far the best. Fantastic work PBS
@donthomason8409
@donthomason8409 2 роки тому
PB S is not telling you the whole story behind the fed and what really happened
@davidblair2082
@davidblair2082 Рік тому
@@donthomason8409 00 8th⁹
@alwagner9722
@alwagner9722 Рік тому
@@donthomason8409 the rest of the story...that the Fed is an unconstitutional entity owned and run by a private banking cartel.
@toddinthemiddle
@toddinthemiddle Рік тому
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.
@JohnDaniels
@JohnDaniels 2 роки тому
Biggest wealth transfer in history, thanks fed
@user-lu3qj2wm5y
@user-lu3qj2wm5y Рік тому
so good, thanks for the program
@LexiH36
@LexiH36 2 роки тому
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
@lanzelot1989 2 роки тому
"Their job is their biggest asset." is stretching the definition of "wealth" quite a bit
@walterwang2011
@walterwang2011 2 роки тому
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
@LexiH36 2 роки тому
@@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
@walterwang2011 2 роки тому
@@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
@LexiH36 2 роки тому
@@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
@filthyimpetuoussoul6220
@filthyimpetuoussoul6220 2 роки тому
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
@andreawallenberger2668 Рік тому
March 21, 2023...
@jesusacosta5176
@jesusacosta5176 2 роки тому
The FED is the most powerful and influential government agency.
@markcampbell7577
@markcampbell7577 2 роки тому
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.
@mikhailfrey5089
@mikhailfrey5089 2 роки тому
"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
@ajgiov 2 роки тому
Wow. This.
@007supertime
@007supertime 2 роки тому
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.
@lawyer1165
@lawyer1165 2 роки тому
This report is brilliant. I’m glad someone is reporting the truth.
@jakebredthauer5100
@jakebredthauer5100 2 роки тому
Started in 1913. They feel they have hidden it long enough.
@BarryB420
@BarryB420 2 роки тому
@Unknown User 8)(((
@BarryB420
@BarryB420 2 роки тому
Gfg
@kaydixon6580
@kaydixon6580 2 роки тому
@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
@amazinggracemessenger3435 2 роки тому
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 UKposts 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.
@kevinsheeler6
@kevinsheeler6 2 роки тому
Very truthful! All investors should see this, something has to give!
@deepanshutomar8158
@deepanshutomar8158 2 роки тому
Love you guys today I Learnt a lot. Thanks 😇
@joebyu
@joebyu 2 роки тому
They never tell you that the FED is a private bank and NOT a government entity.
@trixtrix3828
@trixtrix3828 2 роки тому
It’s funny most don’t know that
@NonToxicHome
@NonToxicHome 2 роки тому
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
@pamelaporter4750 2 роки тому
That's something one learns in Economics 101 or it used to be.
@buzoff4642
@buzoff4642 2 роки тому
They were supposed to be load balancing between the banks, not fabricating their own money supply.
@davidpalmer9190
@davidpalmer9190 2 роки тому
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.
@bargdaffy1535
@bargdaffy1535 2 роки тому
22:05 The problem is the Fed gives all this money to Banks and then to Corporations to create Jobs, but the Wages still never go up because the corporations are too busy buying their own Stock with the Interest Free Loan.
@ak-if9wg
@ak-if9wg Рік тому
masterpiece documentary. Thanks. Keep Going.
@arturogomeztagle9250
@arturogomeztagle9250 2 роки тому
16:30 “people were dumb enough to let us have the power to rob them blind, so let’s do it.”
@007supertime
@007supertime 2 роки тому
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.
@brendapalmer2189
@brendapalmer2189 2 роки тому
"THE FEDERAL RESERVES PROVIDE A FALSE NARRATIVE TO REALITY!" Quantitative Easing Is Only Used Between Banks, But 'Not' Consumers.
@liamconverse8950
@liamconverse8950 2 роки тому
Once you start depending on getting money directly from the Fed, the Fed owns you
@tomnguyen9931
@tomnguyen9931 2 роки тому
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
@liamconverse8950 2 роки тому
@@tomnguyen9931 What work are these bansters doing?
@marcduchamp5512
@marcduchamp5512 2 роки тому
The club money is well kept away from the public always. You don’t get none of it
@angelachanelhuang1651
@angelachanelhuang1651 2 роки тому
americans don't make sense..i love my country
@supersupersomething
@supersupersomething 2 роки тому
This is a must watch if ever there was one.
@baltazarcornejo1478
@baltazarcornejo1478 2 роки тому
Great documentary, but disappointed that it included no interviews with some of the biggest critics of the FED, such as members of the Austrian School of Economics, or any clips of Congressman Ron Paul's questioning of Chairman Bernanke. No Clips of the End the Fed activists throughout the nation that were included in both Occupy Wall Street and Tea Party protests.
@htopherollem649
@htopherollem649 2 роки тому
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
@berenisemendez5223 2 роки тому
Absolutely! His response said it all.
@HTSGOSU
@HTSGOSU 2 роки тому
Poor people can't afford lobbyists...
@007supertime
@007supertime 2 роки тому
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..
@jonc2430
@jonc2430 Рік тому
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.
@Sachz
@Sachz 2 роки тому
@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.
@Azoth742
@Azoth742 Рік тому
hey we need a sequel to this!
@RobertWang789
@RobertWang789 Рік тому
Thank you, creators of this educational content.
@IIllIIllIIllIIll
@IIllIIllIIllIIll 2 роки тому
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
@tarataratara4901 2 роки тому
Yes. If nothing else, that is the key take away from this documentary ... 🙄
@IIllIIllIIllIIll
@IIllIIllIIllIIll 2 роки тому
@@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.
@dominick1lucero
@dominick1lucero 2 роки тому
It's crazy how these crooks have actually convinced themselves they're the good people.
@patrickcarney9177
@patrickcarney9177 2 роки тому
They know they're not. They're sociopaths with elite public relations.
@JK-gu3tl
@JK-gu3tl 2 роки тому
Brought to you by Harvard and Government Sachs.
@alexds8452
@alexds8452 2 роки тому
yup, eventually the fed's artificial lowering of the interest rate is going to hurt everyone invested in the market!
@kabuginjimu8573
@kabuginjimu8573 Рік тому
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
@soulfireonfire6423 Рік тому
That’s hilarious!!! They all come from the same team Objective one world order!!! Get a grip!
@josiasnkwana9282
@josiasnkwana9282 8 місяців тому
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
@TXHillCountry
@TXHillCountry 2 роки тому
“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
@jordanfrary3876 2 роки тому
@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
@wt8151 2 роки тому
Wishing thinking though.
@ImportedFromSerbia
@ImportedFromSerbia 2 роки тому
@@jordanfrary3876 you’re having a job is their asset, not yours.
@dingfeldersmurfalot4560
@dingfeldersmurfalot4560 2 роки тому
@carlykpdx That bit about increasing wages was possibly the weirdest part. What the heck is he talking about?
@facethesky1066
@facethesky1066 2 роки тому
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
@shanishine38 2 роки тому
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
@rohitkhosla8110 2 роки тому
But the alternate would have been a 1929 type of crisis. Life would have been miserable. What would you prefer?
@larryjones9773
@larryjones9773 2 роки тому
@@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
@buzoff4642 2 роки тому
@@rohitkhosla8110 No, it's not all or nothing.
@whatabouttheearth
@whatabouttheearth 2 роки тому
@@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.
@Programsean
@Programsean 2 роки тому
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.
@myownruin187
@myownruin187 2 роки тому
When a country doesn’t control its own currency it will ever control its own destiny…
@kristjanmartin9883
@kristjanmartin9883 2 роки тому
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
@mustbtrouble 2 роки тому
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
@nickclark18 Рік тому
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
@soulfireonfire6423 Рік тому
@@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!!!
@whatitisnt2094
@whatitisnt2094 2 роки тому
The Federal Reserve is neither Federal, or a reserve.
@downtourth
@downtourth 2 роки тому
Most people think that's a conspiracy lol
@jumboMIDGET
@jumboMIDGET 2 роки тому
Did they take your dog, too?
@downtourth
@downtourth 2 роки тому
​@@jumboMIDGET You are such a sychophant lemming it's hilarious lmmfao, ty
@angelachanelhuang1651
@angelachanelhuang1651 2 роки тому
it's american
@whatitisnt2094
@whatitisnt2094 2 роки тому
@A G see you are still living under the bridge
@mariareal2380
@mariareal2380 Рік тому
Constantly Learning. Thank you.
@ifitaintonethingitsanother
@ifitaintonethingitsanother 2 роки тому
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.
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