Finally: a remarkably sound, facts-based explanation of this whole WALL ST vs MAIN ST disparity that caused economic collapse & the resulting taxpayer bailouts. I never studied economics -- but the way it gets presented to US consumers is mostly models & theories as opposed to strict cause & effect cycles. I never knew this relationship between strong dollar, & how it hurts us in the global marketplace, the lack of leverage requirements, the concept of "consumers of last resort". GREAT WORK!

Thanks for presenting what MSM main stream media will not. Keep up the good work.

She enlightened me on strong dollar policy. Very interesting.

Woot! Jane D'Arista for Treasury Secretary! Man she is so smart for an older lady.

Various errors from all 3 parts: 1) It was Carter who deregulated interest rates (regulation Q specifically), not Reagan. 2) Our dollar policy was far stronger under Bretton Woods than since 1971, and especially since 2001. 3) Wall Street benefits from a weak dollar far more than main street; remember who actually gets money directly from central banks. 4) Our periods of vast industrialization occurred under a strong dollar. A weak dollar is good for the short term, not the long term.

@superdiza The number "4" just got cut off in the title> here it is: v=P92oOYTUpW8

So what happened to part 4 of this series?

China has an undervalued currency, not a weak currency. The two are different things. The PBoC actually had a tighter monetary policy for most of the past decade than the FED. The reason why economists want the PBoC to float the Yuan's exchange rate is because the PBoC's monetary policy has been tighter than the FED, yet they usually peg the exchange rate to the USD. Theory being if investors were to set the value of the Yuan, it will go up next to the weaker USD.

In order to implement those limitations, both on borrowing and on capitalization ratios, from where we are now, there would be a major forced contraction in the total money supply. Naturally this should fall on the holders of the worthless "legacy" assets out there in unmarked-to-market securities. These must be part of the coming great settling of accounts. Do we want to pay for derivatives or socio-economic infrastructure and jobs. Should be an easy sell. Whose money system is it anyway?

this link is invalid, and one should really consider linking it as a video response.

@macdaddi88 ... really. it was that exact quote? If so, I must've been asleep at the wheel when the Conglomerate Media sought to tarnish Wright... I don't remember people saying "That's exactly what Malcolm X said"... or did you mean in the same spirit?

right after watching this amazing interview i dare you to go watch Treasury Secretary / WallSt Buffoon Timothy Geithner explain the economy. makes ya feel pretty uneasy about the future :(

This is where for a lack of better terms, your everyday liberal, everyday republican and free marketer differ. Your everyday liberal wants more regulation to watch the money trust, the everyday republican wants to keep casino capitalism free, and then you have the free marketer who says deregulate - including legalizing counterfeiting and fractional reserve banking, then you wouldn't need all the regulation on a broken system.

These are all solid proposals but the entire system is so diseased and distorted that only a total collapse will have any effect. Too little too late. The collective debt of the US is too massive for anyone to contemplate appraising realistically.

@superdiza I really don't understand your objective with such complaining: #1: The link still works for me: watch?v=P92oOYTUpW8 #2: The link surely must have worked since you posted a complaint comment on that very page, for Part 4, at about the same time as you posted here. Why? #3: You want a playlist? Donate to them your time to be the playlist assembler, they would likely greatly appreciate it. #4: Search is about as fast as it gets "casino capitalism pt 4"

what a convoluted clusterfuck! let's just go back to bartering and call it a day!

China would beg to differ with you that a weak currency is NEVER good. China is facing continual pressure from the U.S. and other countries to raise the value of their currency, which China is reluctant to do because it would result in a loss of jobs in their manufacturing sector.

"for an older lady"? you sound like an airhead. How do you think people acquire knowledge? It doesn't come on a chip implant in an embryo. She sure is smart, from time & experience processing information and events. And if America were smart, they would pay attention to seasoned experts like her. But America has spent last few decades doing expedient things, never considering long term consequences. What was it Rev Wright said?! "America's chickens..are coming home... to rooooost"

Yeah, I hate this 10 minutes/day BS