Alan Greenspan - The Man Who Broke America | A Biography

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FINAiUS

FINAiUS

Жыл бұрын

𝐁𝐮𝐢𝐥𝐝 𝐪𝐮𝐚𝐧𝐭 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐰𝐢𝐭𝐡 𝐧𝐨 𝐜𝐨𝐝𝐢𝐧𝐠 - composer.trade/finaius
Meet the man who ruled over the American economy for nearly 20 years. Learn how a loner boy who grew up during the great depression become the most powerful economist in America!
Learn more about Greenspan -
📘The Man Who Knew (amzn.to/3RAno5i)
📘The Age of Turbulence (amzn.to/3RvK0E6)
🎶𝐌𝐮𝐬𝐢𝐜 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐯𝐢𝐝𝐞𝐨 - open.spotify.com/artist/5dzPV...
Instagram: falcon.xu
LinkedIn: linkedin.com/in/rocky-xu-0487498b/
Facebook: rocky.hugh
#inflation #federalreserve

Пікірлер: 893
@Finaius
@Finaius Жыл бұрын
Build and trade 𝐪𝐮𝐚𝐧𝐭 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 with no coding - composer.trade/finaius
@william1863
@william1863 Жыл бұрын
I wonder does anybody ever read the book Ecclesiastics might be a good time now , make sure you read it to the ending of it to get a good INSIGHT. CHEERS
@oldschoolguy80s
@oldschoolguy80s Жыл бұрын
Best financial video channel on top of my list. You have great content. I have watched all your videos so far and subscribed. Will be waiting for more videos. Keep up the good work....👍👍👍👍👍
@AnthonyGerg
@AnthonyGerg Жыл бұрын
Are you planning something on sequioa capital.
@lcskibird
@lcskibird Жыл бұрын
He refused to regulate derivatives years before the crash, warned over and over and let it all happen
@paulnyagini
@paulnyagini Жыл бұрын
boring even if he regulated the derivative still the Criss would occur. the tsunami was already on play it was just a matter of time for the wave to reach the us markets.
@farrukhahmad453
@farrukhahmad453 Жыл бұрын
Hello You Can Hire me For Asset Manager , Accounts Manager , Tax Maanger We do work With 100 % secretly
@conduit242
@conduit242 Жыл бұрын
And still nothing has been done. Munger calls this “pointless liquidity”
@curtisshawkassociation5276
@curtisshawkassociation5276 Жыл бұрын
@@conduit242 You are correct sir…
@riokriok2863
@riokriok2863 Жыл бұрын
Organized mafia creators of nothing and profiteers of everything
@JK-gu3tl
@JK-gu3tl Жыл бұрын
Greenspan was a gold standard advocate but mysteriously forgot this stance when he was in office only to remember it again after leaving office.
@retrospecative2454
@retrospecative2454 Жыл бұрын
Isnt that funny how that works
@antoniolima1068
@antoniolima1068 Жыл бұрын
economy bound to a commodity?? historical mind set should be in a museum, not in modern economics.
@slowridefpv9668
@slowridefpv9668 Жыл бұрын
^^^ is that you Powell? lol Forced austerity is a bad thing? The dollar should be tied to a measure of something other than thin air or number of digits on a computer at the fed.
@antoniolima1068
@antoniolima1068 Жыл бұрын
@@slowridefpv9668 currencies are bound to trust, mine that, another thing, the World is not USA, silly games on a computer will come to a dead end, suck capital from 3rd world countries and guess here they will fund their economies and don't forget about throwing "allies" under the bus ( EU), next electoral circle socialism and woke will be out of business and dollar with it.
@jkk20
@jkk20 Жыл бұрын
@@antoniolima1068 if money isnt tied to anything tangible. than anyone can print more at will,therefore it devalue past work... a.k.a our work... duh.....
@TheDCGuitar13
@TheDCGuitar13 Жыл бұрын
Hearing these guys back stories really grounds you. A lot of them were in the same spot as any of us as young men and found a way to climb the ranks.
@johncmoore416
@johncmoore416 Жыл бұрын
It is about knowing things, knowing how to network, and lastly knowing how to leverage your knowledge and your network.
@TheDCGuitar13
@TheDCGuitar13 Жыл бұрын
@@johncmoore416 yessir. It still boggles my mind that these guys weren’t robots programmed in a lab but a kid with dreams that were crushed who became an adult that had no choice but to do what they do and thriving.
@oiinahgiiusadurrybrahchuck7209
@oiinahgiiusadurrybrahchuck7209 Жыл бұрын
Ahh yes. Being born to a wealthy Jewish family. So relatable
@s.nawfal6211
@s.nawfal6211 Жыл бұрын
He was born to a rich Jewish family.
@ComplexClips
@ComplexClips Жыл бұрын
Sarcasm lol
@ernestobadillo1725
@ernestobadillo1725 Жыл бұрын
This is the first one I watch about Greenspan. I was begging for more. I think that with the content that you add and your well-balanced narrative style I would have loved if the documentary had been a 4 one-hour episodes series. Hopefully, this was just the trailer. Thanks!
@Finaius.
@Finaius. Жыл бұрын
@kingali1606
@kingali1606 Жыл бұрын
The Fed should never be wrapped up in politics, their job is to control and maintain financial stability, regardless of the political implications.
@anonymousAJ
@anonymousAJ Жыл бұрын
Their job, like all corporations, is to enrich their owners
@kingali1606
@kingali1606 Жыл бұрын
@@anonymousAJ How?
@anonymousAJ
@anonymousAJ Жыл бұрын
@@kingali1606 Like many progressive-era boards that purportedly regulate some industry, in fact they cartel-ize it. The Fed acts as a "lender of last resort" allowing banks to be insolvent without immediately experiencing bank runs. The Fed exists to stabilize the cartel by standardizing fraudulent banking practices so that a real bank can't drain the specie (gold and silver coin) from banks which issue paper in excess of actual specie reserves. You can judge for yourself whether the gold banks or the Fed are winning that fight
@EvernhamNo9
@EvernhamNo9 Жыл бұрын
“The Fed should never” have been created
@camaranpayne5355
@camaranpayne5355 Жыл бұрын
@@anonymousAJ you must not be a business owner
@Johnny_Savage
@Johnny_Savage 7 ай бұрын
8:37 I didn't know Woody Allen and Alan Greenspan were the same person, now finally many things make sense
@sportsshorts6772
@sportsshorts6772 Жыл бұрын
yo man trust me, you are gonna be one of the most succesful creators ever.
@Finaius
@Finaius Жыл бұрын
Thanks!!!
@0Cruik0
@0Cruik0 Жыл бұрын
Great video, I recently read his book capitalism in America. It's a predictably cherry-picked history of the United States. He only mentions the labor movement to talk about the frequency of strikes and does not touch on the violence enacted by the state on to workers at the direction of the companies, he ignores how workers established a 40-hour work week. He often contradicts himself by stating, for example, that Rockefeller was keeping prices low while conceding that he used money to prevent competition that would have driven down prices. He pretty much skips his entire tenure at the Fed, and Praises mortgage-backed securities while ignoring the role they played in the financial collapse. However, he did at least make some good points that were refreshing to see him admit to. He called Republican claims that lowering taxes would pay off the deficit as "putting lipstick on a pig". He admitted that privatizing Fannie Mae and Freddie Mac was a terrible decision that massively increased government corruption. He also admitted that the economic boom that took place after World War II had more to do with Europe and Asia not having any industry to support itself rather than any particular policy the United States was following, and points out that we immediately faced a recession once those economies rebuilt themselves after the war.
@Finaius
@Finaius Жыл бұрын
👍👍👍
@donnyzavicci8121
@donnyzavicci8121 Жыл бұрын
He also said that at the fed they answer to no one in the American government.
@gabbar51ngh
@gabbar51ngh Жыл бұрын
He's right regarding Rockefeller.
@jimranallo686
@jimranallo686 Жыл бұрын
Another example of cherry pickers as you point out... the "gatekeepers" are running rampant in the alternative media as forever in msm... many of the so called progressives are another mouth pc of the organizers of disinformation... It becomes quite obvious when checking family backrounds of some very "belieavable" narrators.... Cheers from México
@davewatts2092
@davewatts2092 Жыл бұрын
I didn't have the brain or stamina to finish his book or even understand most of what I did read. One thing that did stick was at that time his net worth was 1.5 million dollars. He said that was enough to care for his daughters life and give a good start to her two boys. That would be a sign of incredible honesty in my mind. But think about how after the 2008 crash they pulled him in for some scapegoating. He was asked when he first noticed a problem with the economy and he answered 2003. He retired in 2006 which makes me think he was held back from fixing the problem and wasn't going to hang around. In any case we didn't have any more scapegoating of Alan Greenspan. Now we have this putting the blame back on him.
@johnl.7754
@johnl.7754 Жыл бұрын
His rise corresponded with the rapid rise of government debt with also pushed up the asset bubble.
@Stavros_Steve_Deriziotis
@Stavros_Steve_Deriziotis Жыл бұрын
Another great video! You have to keep these coming, I know for a fact you could be putting out more content! We appreciate it! Keep it coming!
@ataman4100
@ataman4100 Жыл бұрын
I just wanted to tell you keep going on making the videos, You did a great job. I always listen to your videos with inspiration
@gregorysagegreene
@gregorysagegreene Жыл бұрын
It's one to thing to lose a husband and a father during a Depression. But just imagine the next Depression, when millions of men have already learned 'The Deal' from social media, no longer wish to even date, and have been preparing for years to stay out here alone. This is not just the legacy of the internet and information, but of a long history of government financial 'architects' such as Greenspan, setting us up for deprivation and despair. Greenback was a genius ... till he wasn't.
@cambash7634
@cambash7634 Жыл бұрын
That's the reality. While many men are only a knock on the door away from coupling up, many remember being spurned previously. It's going to be rough for the lower-income women and men.
@Dogen70
@Dogen70 Жыл бұрын
Nice
@imthecoolestguy
@imthecoolestguy Жыл бұрын
Bros... give it to me straight, are we gonna make it?
@243wayne1
@243wayne1 Жыл бұрын
@@imthecoolestguy Yes. The Bros will, the Hoes won't. Class dismissed.
@FranciscoIgnisci
@FranciscoIgnisci Жыл бұрын
I love the production of this channel, the music, redaction and video tapes. Luckily I discovered it. Please never stop creating this kind of masterpiece
@SSNESS
@SSNESS 9 ай бұрын
Sexophone
@cfost9308
@cfost9308 Жыл бұрын
It's insane to see how far this channel has come.
@mimusic1853
@mimusic1853 Жыл бұрын
Till a KZfaqr with some real numbers and credibility fact checks him and calls him out for being frothy
@243wayne1
@243wayne1 Жыл бұрын
@@mimusic1853 It's all accurate. Don't be a simpleton.
@Poochie1
@Poochie1 Жыл бұрын
Alan Greenspan, the Woody Allen of the financial world.😂
@jerseycatmews828
@jerseycatmews828 Жыл бұрын
8:50.you beat me to it
@ohio72213
@ohio72213 Жыл бұрын
I'm just thinking about the people that made this video and if they didn't realize just how crazy the resemblance is to him or if they just said "eh who cares"
@RADIUMGLASS
@RADIUMGLASS Жыл бұрын
The Greenspan's of America contribute towards the economic chaos we all end up suffering from and guys like Alan get to retire and live in comfort for the rest of their lives.
@mediumraresteak851
@mediumraresteak851 Жыл бұрын
Need one on Bernanke as well. QE king who drove us to the tipping point of becoming the 90s Japanese economy.
@DanielH874
@DanielH874 Жыл бұрын
I'm happy I found your channel. Incredible production values and you lay everything out in a manner that is easy to follow.
@SSNESS
@SSNESS 9 ай бұрын
Woody Allen
@tanner9956
@tanner9956 Жыл бұрын
200k subs woah remember when I found this channel great work it was obvious it was going to happen with this quality of content
@NeedleC
@NeedleC Жыл бұрын
Woody Allen is basically Alan Greenspan. 😆
@kingstonstreet3726
@kingstonstreet3726 Жыл бұрын
I was thinking the same thing but I don’t think it’s compliment
@diabolivirtusen-tavares-ea4645
@diabolivirtusen-tavares-ea4645 Жыл бұрын
j e w
@ohio72213
@ohio72213 Жыл бұрын
That's what I'm saying lol there's no way these guys didn't see that
@ohio72213
@ohio72213 Жыл бұрын
@@kingstonstreet3726 it certainly isn't lol
@rickiesmith413
@rickiesmith413 Жыл бұрын
Woody Allen, did he marry his step daughter or adopted daughter?
@paulnewman2778
@paulnewman2778 Жыл бұрын
Woody Allen as Allen Greenspan …. Epic
@farrukhahmad453
@farrukhahmad453 Жыл бұрын
Hello You Can Hire me For Asset Manager , Accounts Manager , Tax Maanger We do work With 100 % secretly
@hafunland894
@hafunland894 Жыл бұрын
Greenspan, 82, acknowledged under questioning that he had made a “mistake” in believing that banks, operating in their own self-interest, would do what was necessary to protect their shareholders and institutions. Greenspan called that “a flaw in the model ... that defines how the world works. Greenspan destroyed fair wages and filled the gap with credit creating a pyramid scheme that led to a massive transfer of the nation's wealth from the middle class to the very wealthy few. He explained how the nation was misled about the need for higher payroll taxes that were used to finance deficit budgets. Greenspan deceived the American people into believing that deregulation and elimination of the progressive taxes were going to be a benefit. But instead, they moved our economy into exactly the same condition that existed just before the massive financial failure that resulted in the Great Depression of the 1930s.
@kirilmihaylov1934
@kirilmihaylov1934 Жыл бұрын
Boeing did the same
@davidevans6618
@davidevans6618 Жыл бұрын
We're Sloooow on purpose ask the Rockefellers. In the military they say "SHIT ROLLS DOWN HILL". What they don't tell you is the HILL IS MONEY. SOMEONE OWN IT, and us via our servitude to it, rather than each other. How about GIVE IT BACK TO THEM. It's not the first time you've heard this. " Give unto Caesar what is Caesar's. The apparatus of his power and controls, the money. Squirrels don't pay rent and the experts are baffled. Time banks of ourselves USURPED. and to be free, we need them back. Money gives them the right to " treat you, they're the boss, but they don't know money is the boss of them, someone else owns them with also.. See how all this works ? 1+1+1=3. 1+ 999,999,999 = 1,000,000,000. 1 with their own legal tender of 999,999,999 = 999,999,999 in servitude to the 1 with the law says you work for me. Show me where freedom can be found anywhere in that math ? We're done, because we said so, choice made, we're picking roll to someone else's DIE.
@TheSmartLawyer
@TheSmartLawyer Жыл бұрын
Progressive taxes are regressive and ruin the middle class and prevents the growth of individuals and small businesses. Nice try burying that in there
@gabbar51ngh
@gabbar51ngh Жыл бұрын
The great depression didn't happen due to deregulation or progressive taxes rather government pulling the interest rates up. This led to less borrowing and cash flow in the market was restricted. US today has tonnes of regulations and progressive taxes. They aren't doing any favour to the economy or over-all growth at all. Infact US growth is far less than what it used to be.
@kirilmihaylov1934
@kirilmihaylov1934 Жыл бұрын
@@gabbar51ngh wrong
@xMicDizzy
@xMicDizzy Жыл бұрын
Your videos are insanely well made, can’t stop watching them. Just incredible. Well done 👍
@rupertpupkin27
@rupertpupkin27 Жыл бұрын
This guy is amazing (I mean the guy who makes these docs) THANK YOU ! You are gifted and talented AAA+++
@davidlavalle
@davidlavalle Жыл бұрын
Love this channel. Always great in depth content.
@shehuyakubu3751
@shehuyakubu3751 Жыл бұрын
Question is, is it just another jake tran? "What do you expect from a channel that teaches you how to be evil)...
@farrukhahmad453
@farrukhahmad453 Жыл бұрын
Hello You Can Hire me For Asset Manager , Accounts Manager , Tax Maanger We do work With 100 % secretly
@farrukhahmad453
@farrukhahmad453 Жыл бұрын
Hello You Can Hire me For Asset Manager , Accounts Manager , Tax Maanger We do work With 100 % secretly
@abidmiah4127
@abidmiah4127 Жыл бұрын
Your videos are super underated and amazing! Please keep making these they are really educational.
@edgardovillacorte7012
@edgardovillacorte7012 Жыл бұрын
Paul Volker was right. A balanced budget and frugal spending is the best way to mitigate extreme economic boom and bust cycles. Put simply, at the individual or family level, live within one's means. I'm surprised Alan Greenspan said there are many things economists dont know. I guess he was so intelligent he overlooked the danger of leverage and spending much more than what the US earns.
@Spido68_the_spectator
@Spido68_the_spectator Ай бұрын
A government that controls its currency and has debt to itself doesn't have to do frugal spending... as long as it's for productive stuff.
@chargermopar
@chargermopar Жыл бұрын
Wow what a documentary! It is so important to see the history of easy Al who started the financial mess we are currently in.
@anjilala
@anjilala 5 ай бұрын
It's easy to blame that 1 person instead of each single individual person who borrowed money without any buffer to support themselves in hard times. Easy to blame Al, hard to take individual accountability.
@joeharris3878
@joeharris3878 Жыл бұрын
In 2007, I had been following Ron Paul's campaign and was reading websites outside the mainstream. I learned the stock market was headed to a collapse not seen in decades. I moved all my 401k holdings to conservative funds. I lost nothing, mine increased. Everyone I knew lost on paper 15 to 25% on paper. Bush junior's treasury secretary on his knees, literally, begging members of congress to pass TARP which failed, but went through the second time. The lesson wasn't lost on me. I ignored the wall street journal, NY times, wash post, etc. I had already junked television in the 1990s but I then realized all corporate media is corrupt.
@Finaius
@Finaius Жыл бұрын
Wow, what an experience!
@TheMweezy28
@TheMweezy28 Жыл бұрын
Hi Joe, what is a conservative fund?
@joeharris3878
@joeharris3878 Жыл бұрын
@@TheMweezy28 interest-bearing instruments rather than stock
@donthomason8409
@donthomason8409 Жыл бұрын
Joe Harris Ron Paul would have made a great president he knew what was going on that's why he wanted to audit the fed but he couldn't get any support from congress
@joeharris3878
@joeharris3878 Жыл бұрын
@@donthomason8409 Ron Paul was the only political candidate I have ever supported: I donated a few hundred dollars for his first "money bomb" during the 2008 presidential campaign.
@arth.4196
@arth.4196 Жыл бұрын
Alan Greenspan loved himself too much. Maybe he needed his father to show him honest character and integrity. How many fathers lose there jobs and still get up.
@AkxTremisT
@AkxTremisT Жыл бұрын
as my interest in Finance I got hugely addicted to these videos man I watch them every morning with cup of coffee and take nodes ..I think you are using un real engine for some footages .. the animated footages and your narrating style with music makes no less than Hollywood product
@amschelco.1434
@amschelco.1434 Жыл бұрын
I Like how this biography is done. .make More of these!! Hope you can make also about raytheon.. those weapon industry tycoons!!
@Finaius
@Finaius Жыл бұрын
Of course. I'll eventually get there.
@jangoafrica
@jangoafrica Жыл бұрын
You put a lot effort into your videos. Thank you for the education and viewing pleasure
@ronjon7942
@ronjon7942 Жыл бұрын
Man, I’ve watched a lot of your work, really good stuff. I like your style.
@Bernacide
@Bernacide Жыл бұрын
EXCELLENT opening!!! 😮 As per the usual, GREAT editing overall!!!
@empoweredwhiteeqyptianking1049
@empoweredwhiteeqyptianking1049 Жыл бұрын
THE FED HAS ONLY HAD JEWISH HEADS SINCE ITS CREATION. Let that sink in
@knightrook4264
@knightrook4264 Жыл бұрын
Paul Volker was not Jewish, nor were many others, nor am I, and you are paranoid. Let that sink in.
@jimih7811
@jimih7811 5 ай бұрын
EXACTLY !!!
@user-tp1zq6ey9j
@user-tp1zq6ey9j 19 күн бұрын
I would say zionist heads.. bent on ruling the globe.. Roth schild financed zionazi takeover of palestine.. Roth schild & rockefellers created the fed and central banks 1 & 2 before the fed.. okayed by wilson 2 days b4 xmas CBD central bank dynasty are in control of all central banks but no korea ccp. didn't used to have debt.. now they do..
@marylouleeman591
@marylouleeman591 3 күн бұрын
This can be a good thing. They have to have a heart.
@user-tp1zq6ey9j
@user-tp1zq6ey9j Күн бұрын
associated with the red shield banking empire
@goldyscreation6450
@goldyscreation6450 Жыл бұрын
Hats off to all associating members who has contributed to reach this level of Outpuf Much better than a Netflix Series. 😍
@Okruh_Kolumbiya
@Okruh_Kolumbiya Жыл бұрын
Just found your channel! Watched 3 videos in a row! Great work! Thank you👍
@douglangston
@douglangston Жыл бұрын
Your approach and execution to these videos is without peers. Simply great, amazing work. I would like to second the comment that you should give thought to doing a video on Warren Buffett. Even though I have most of the books published about him in my home, I think your talented, unique approach and style would give a much needed boost to a subject most of us are familiar with. Thanks again for providing us with content and depth that is sorely lacking in 99% of all but the best videos.
@Finaius
@Finaius Жыл бұрын
Thanks. I'm actually doing one on Buffett. There are so many videos of him online. I want to make this one unique.
@shounakchatterjee1823
@shounakchatterjee1823 Жыл бұрын
@@Finaius Hlo, to be very honest ur videos are really amazing. Will u pls make one video on Rothschild family ?
@xrpkidotec520
@xrpkidotec520 Жыл бұрын
Bro. I was so happy seeing you put a new video 📹 up. Love the content bro. It's almost like Crack for me.
@Finaius
@Finaius Жыл бұрын
How do you know what crack feels like 😂
@buzz3608
@buzz3608 Жыл бұрын
Do Arthur Burns next, I feel like many people will find that relevant to the events of today. Fantastic content!
@taylorferguson5334
@taylorferguson5334 Жыл бұрын
Truly enjoy all of ur content, buddy, keep up the great work!
@KonkoPaadre
@KonkoPaadre Жыл бұрын
These videos are so well made. Big thumbs up!
@davidpowell3347
@davidpowell3347 11 ай бұрын
People loved Greenspan as long as the market kept going up and up--although it was obvious that valuations were very high and credit was flowing into the market (people borrowing money to buy stocks/mutual funds as well as using traditional "margin") this has been shown to have been a predictor of troubles ahead many times I believe
@amschelco.1434
@amschelco.1434 Жыл бұрын
I think This will be next soon one of my favorite channel.. nice content!!
@pipo7822
@pipo7822 Жыл бұрын
Bro this was really interesting, you are a n artist🙆🙆👌🏽👌🏽👌🏽🙆 This better than Netflix, it's informative and entertaining!!
@Finaius
@Finaius Жыл бұрын
Appreciate it
@benthungin8949
@benthungin8949 Жыл бұрын
Just got the popcorn ready when I say FINAiUS dropped a new docu!
@savielhell33
@savielhell33 Жыл бұрын
Greatness in progress 💯💯💯
@S65B40
@S65B40 Жыл бұрын
Keep up the good work!
@Finaius
@Finaius Жыл бұрын
😆
@danmoriarty6901
@danmoriarty6901 Жыл бұрын
I just found your channel. Wow. You are phenomenal
@bogdar2019
@bogdar2019 Жыл бұрын
Great job, man. You are great at this
@DanielFlores-no9wc
@DanielFlores-no9wc Жыл бұрын
Cheers from Panamá 🇵🇦
@TheCashFlowChannel
@TheCashFlowChannel Жыл бұрын
Those videos are so good. I wish he would upload a little bit more frequently
@tonikem4041
@tonikem4041 Жыл бұрын
love your content bro would like to see Joel Greenblatt and Micheal Burry next .
@PersistentPatriot
@PersistentPatriot Жыл бұрын
People don't realize Alan was an Ayn Rand style Sound Money/Gold Standard enthusiast. The closest thing we had to this recently was Dr. Ron Paul.
@Finaius
@Finaius Жыл бұрын
Yeah, but Greenspan changed his principles because of his own political ambition.
@kennyaintdead5488
@kennyaintdead5488 Жыл бұрын
I really enjoyed this one :) your on a role 👍 this was really good 💎
@eddiec.9477
@eddiec.9477 Жыл бұрын
Love your ability to tell great stories. I wonder why you just don't say it like it is? Overturning the Glass Steagall Act was a great example of corruption at the highest level. Also, I still don't understand why any government would need to be loaned money with interest? That interest will never be payed back unless the government borrows more. Isn't that called a contract debt slavery system? Could you make a video about the history of the Federal Reserve and where their money comes from?
@leoxd7029
@leoxd7029 Жыл бұрын
It’s designed in a way that the „Money system“ isn’t directly tied to the government and has a separate decision maker in it apart from the president. So there is not just one central power but multiple entities that function independently. The fed doesn’t just lend money to the government, the Fed funds rate also determines the price of money for consumers. A good example for why that is necessary was said in this video, The Fed chair chose to counteract the president, because he wanted cheap funding for the war, but that would’ve turned on the afterburner of inflation. so their choice was between helping fund a war of the government or regulate inflation which otherwise would bankrupt most Americans and would devalue the dollar far too much. They chose Americans over the war. Furthermore the government gets the bulk of its „revenue“ from taxing the citizens, sadly especially the most productive ones (in democrat states) and also through private investors who invest in bonds. So yes, they can pay it back. The U.S. government is considered a very safe borrower, because it historically never defaulted on its debt. But they keep borrowing money of course to fund public spending, which is often very inefficient in terms of ROI, which means the investments were not very productive. In other words, the government is a shit investor.
@mikeschmitty4438
@mikeschmitty4438 Жыл бұрын
the fractional reserve system is the oldest ponzi scheme ever
@timothyrday1390
@timothyrday1390 Жыл бұрын
That is because governments don't create money, so they can either tax to get funds or borrow. The Fed actually allows the government to borrow at historically lower rates than governments who did not have quasi-public central banks at their disposal. Central banks allow governments to borrow well beyond their means, so your question just goes to show how untethered much current thinking is regarding public finance. The overspending/monetization leads to more debt, and too much debt has always led to slavery. Historically, imposing limits on governments' abilities to tax and borrow has ensured that populations do not get reduced to penury or slavery.
@surfallday6583
@surfallday6583 Жыл бұрын
Bill Clinton was instrumental in the 2008 catastrophe. He is a stooge of Wallstreet greed.
@yossarianmnichols9641
@yossarianmnichols9641 Жыл бұрын
Yes, Clinton signed that repeal. The Rebublicrats strike again. They also deregulated the commodities exchange so you could arbitrage oil futures and pork bellies and no one would be the wiser. They stopped reporting trades to a national clearinghouse.
@zeusvalentine3638
@zeusvalentine3638 Жыл бұрын
Great Video. When you refer to the demand shock and inflation, all I could think of was this past year. Would love to hear your thoughts on if raising interest rates now is the right idea considering it's mostly a demand shock
@farrukhahmad453
@farrukhahmad453 Жыл бұрын
Hello If you Need Asset Manager , Accounts Manager , Tax Manager So we Do Work With 100 % Secretly
@bjkjoseph
@bjkjoseph Жыл бұрын
You left out his admiration and connection to Ayn Rand?..that would speak volumes of what his beliefs were
@KashifKhan-tm4hf
@KashifKhan-tm4hf Жыл бұрын
Desperately waiting for the next video, being a student of finance i love ur videos
@masculinewisdom-
@masculinewisdom- Жыл бұрын
.Tell Max I link you for something new and profitable!♥♥
@jonathanvo132
@jonathanvo132 Жыл бұрын
You should set up and promote a Patreon. I feel like a lot of people would support this work. Myself included
@jackhogan5763
@jackhogan5763 Жыл бұрын
Yup
@garybaxter3871
@garybaxter3871 Жыл бұрын
Love this channel. You're good bro.
@liquidassets5491
@liquidassets5491 Жыл бұрын
great job as always, I would love to see a Warren Buffet video Thanks
@kingstonstreet3726
@kingstonstreet3726 Жыл бұрын
You are a magnificent storyteller
@jaskaranminhas
@jaskaranminhas Жыл бұрын
Another Superb video! Keep up the great work
@JacobOmard
@JacobOmard 8 ай бұрын
L❤😂
@johnwick860
@johnwick860 Жыл бұрын
if economic plunderers have a rank... Alan Greenspan would be a 7 star general, besting all criminals
@BobQuigley
@BobQuigley Жыл бұрын
If Greenspan is a General Milton Friedman is Emperor.
@misterx6276
@misterx6276 Жыл бұрын
But far behind Hyman Roth...
@hajijalaldarvish7350
@hajijalaldarvish7350 Жыл бұрын
‘Economic plundering’ is such a juicy concept lol . He certainly looked like one. A quagmire of deception. Kissinger and Brezensky are other high ranking bandicoots of that era.
@kirilmihaylov1934
@kirilmihaylov1934 Жыл бұрын
@@daotheeternalnamelessbeyon8778 progressive reforms.....
@kirilmihaylov1934
@kirilmihaylov1934 Жыл бұрын
@@daotheeternalnamelessbeyon8778 progressive side reforms means something completely different
@lifeafteraleekx
@lifeafteraleekx Жыл бұрын
we need more of these vidoes - thank you
@masculinewisdom-
@masculinewisdom- Жыл бұрын
.Tell Max I link you for something new and profitable!♥♥
@edsmachine93
@edsmachine93 Жыл бұрын
Great video. But I think the most extraordinary event is yet to come. The ground work has been laid. We need to ask, who really controls things? Anyways very insightful video. Some of us were concerned about things that happened and the manipulation that was carried out throughout the industry.
@samthespartan0
@samthespartan0 Жыл бұрын
Another Spectacular video,thank you
@leelyons86
@leelyons86 Жыл бұрын
I really love your videos! Awesome awesome channel!
@Babushka69
@Babushka69 Жыл бұрын
Your documentaries are top notch.
@inversebrah
@inversebrah Жыл бұрын
you're talking about alan greenspan but constantly showing woody allen, was kinda weird, but good video anyway
@Finaius
@Finaius Жыл бұрын
Yeah, I was told by a friend that Woody Allen would play Greenspan well in a movie. haha.
@NickSprecher
@NickSprecher Жыл бұрын
These are great videos! Keep it up.
@ianmuchiri478
@ianmuchiri478 Жыл бұрын
God bless you man
@varunsharma9238
@varunsharma9238 Жыл бұрын
Greenspan played the low interest rate game. But we’ve been doing this for decades. Greenspan didn’t start it off
@thedude2920
@thedude2920 Жыл бұрын
Great work. This was excellent.
@mohammedboussardi7718
@mohammedboussardi7718 Жыл бұрын
Good videos as always ❤️❤️, from morocco 🇲🇦
@bud4179
@bud4179 Жыл бұрын
Keep working, you are going to achieve 1 milion sub and more
@ChrisOkada
@ChrisOkada Жыл бұрын
Excellent work!! Great channel great content
@douglangston
@douglangston Жыл бұрын
Can`t wait to see it....
@alexmazal-nirexpress1233
@alexmazal-nirexpress1233 Жыл бұрын
This is amazing work you did again ❤🚀❗
@mustaphaamhil9356
@mustaphaamhil9356 Жыл бұрын
This amazing 🔥💯🏅🙏⚡❤❤❤⚡💯🏅🔥🔥
@chikwandamanjoni8424
@chikwandamanjoni8424 Жыл бұрын
another masterpiece .. lovely
@alan-zl7ee
@alan-zl7ee Жыл бұрын
One of the best channel cover more of our Apes!!💎💎💎💎🖐🖐🖐🖐💯🦍🦍🦍🦍🦍 The movement is real!!
@neolamanite
@neolamanite Жыл бұрын
Most likely he knew the harm he was gradually doing but the adulation and riches he was getting from wall street were “too big” to turn down
@khanyamgebisa3162
@khanyamgebisa3162 Жыл бұрын
Love the videos man ! Can you make a video on Henry Kravis ?
@TeslaBlueWhale
@TeslaBlueWhale Жыл бұрын
Would love to see Jack Bogle episode one day 👑🙌🏽
@penasjable
@penasjable Жыл бұрын
Do on some old school guys like JP Morgan, Vanderbilt types. Or lesser known ones like Jay Gould.
@williamenzor6392
@williamenzor6392 26 күн бұрын
God bless you Rocky xu
@aitroopers5707
@aitroopers5707 Жыл бұрын
Thanks!
@DarinHibbs1
@DarinHibbs1 7 ай бұрын
A deeper dive on the FED is required
@subrotoxing8214
@subrotoxing8214 Жыл бұрын
LOL ... back when i studied in the US in year 2000 everybody basically says alan greenspan is the US ' economic sage and the reason why america is the greatest nation on earth.
@derrecktaylor8817
@derrecktaylor8817 Жыл бұрын
Yes, you are so right, I remember this vividly!
@ey67
@ey67 Жыл бұрын
Not everybody
@surfallday6583
@surfallday6583 Жыл бұрын
Brooksley Born called Greenspan out about reckless Wallstreet behavior prior to the 2008 financial collapse, his reaction as well as others was contempt and dismissive. Brooksley, thanks for doing your job questioning the egomaniac.
@frankymacf
@frankymacf Жыл бұрын
Enjoying these profiles. The Volcker one was easier to follow
@Finaius.
@Finaius. Жыл бұрын
@kamalashgovindaraj5245
@kamalashgovindaraj5245 Жыл бұрын
Wonderful video. Thank you.
@crs12decoder
@crs12decoder Жыл бұрын
I would totally agree with non-regulated privately owned companies as far as in such economy there would be no such thing as borrowing from entities which are supplying money out of thin air. The banks would have to lend at most, only the money that hey own, with no existing (public) central bank.
@jfrazier6935
@jfrazier6935 Жыл бұрын
I enjoyed this, but was that a picture of Woody allen? 🤔
@sharesuccess7849
@sharesuccess7849 Жыл бұрын
I Have Not come across a more informed youtube Channel 1 Million subscribers Guaranteed!!!!
@emarg0024
@emarg0024 Жыл бұрын
It is true he controlled it, I wonder what he would have done after the crash if he was still in control of the federal reserve. Great job many details I never knew about before.
@rahulsampat8698
@rahulsampat8698 Жыл бұрын
He would have done the same thing... print more money... lol...
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