Because its fake. Yes...

But even if they do care, they won't organize and VOTE based on these existential issues.

​@@adnanbosnian5051???

This is an excellent review of the whole mess that peaked in late 2008, first in the US and then the world. Underpinning all those events is the whole story of inflation. We see, and we are told, and we believe that inflation is the increase in the dollar price of goods and services. That is not accurate. Those increases are the reaction to inflation not the cause of it. We have to look at President Nixon's speech in August of 1971 where he severed the link between gold and the dollar. He needed to increase spending to support all the debt and the link with gold prevented this; severing the link meant governments could borrow as much as they wanted, or rather as much as the system would permit, to support new spending. Deficits were the new money. Since 1971 the value of each dollar has been devalued by this and so it takes more of these devalued dollars to buy something, anything. A dollar today is worth three cents compared with a 1971 dollar. This is a factor of thirty times. In 1971 a modest little house could be bought for $10,000.00 but now costs $300,000.00 or, again, thirty times. Governments have replaced taxation to support spending with devalued dollars all of which is borrowed. It took the US from its inception in 1776 to 2000 to reach $5.0 Trillion of debt but only until 2023 to reach $31.0 Trillion of debt. The former was in a GDP of $12.0 Trillion whereas the latter is in a GDP of $26.0 Trillion. This is the real truth behind all the smoke. This cannot change and so it will continue through the rest of this century. There is no solution to this quagmire. The system is totally out of control, put another way, essentially beyond any control. Add to this the population bubble and it does not look any better. In fact, it looks much, much worse. China which produced a miracle over the past forty years will run out of people in the next forty years. In China, the young cannot marry, produce children and buy into the economy. In the developed world we have the same thing happening. The boomers are retiring and there are not enough new people to keep the show running. Thank you for reading. Comments are welcome.

Not just that nobody got charged, they got HUGE bonuses... amazing.

The government people are the employees of the oligarchs.

Money talks. That's why we get fired and they get millions.

In the famous words of George Carlin... "It's a big club. And you ain't in it!"

Wall street is in bed with DC, that'd how. They decide which candidates we get to "choose" from and then they determine which 1 we will choose. No matter how much this stuff is seen, nobody wants to see, so they dont. You'll never get enough people with pitchforks and they know it. We're too civilized and they know it.

Yep

It is the American business model

Yeah, Americans were angry enough to vote repubs back in!!! Another duping from the right wingers complete with a black Democrat black guy as a scapegoat. Almost seems PLANNED!

Well worded.

But socialism is bad mmmk

I agree 👍💯

Yes, greed is very much in human nature... Greed is what caused millions of home buyers to take the 100% mortgages the banks were offering, even though they didn't have the kind of career/stability that could enable them to pay it back! That was a good example of human greed in action.. The crash happened due to a broken system... a system in which every creator, buyer, and seller of the financial products it operated around was involved! Banks, investors, and yes, the American people, were all involved in that system!

@@waynedonoghue4071 true but only the American people really are still hurting from the fallout. They were not 100 percent to blame but took almost all the heat. Bankers should have paid some price so should have politicians

@Amy Callis agreed, all the worst transgressions seem to be bipartisan

greed will always be there, but it can be controlled through rules (laws). The real problem is there's no incentive and thus no stomach for government bureaucrats to outlaw this level of greed and risk.

That's true

😮paperwork thief

Such a profound statement

I love Chris Hedges but I Disagree… voting for republicans OR democrats is voting for Wall Street 💯

Its one Big🦅Bird

The banks aren't part of the government so why would they be voted in? When clueless idiots vote what do we end up with? Scam artists like Trump and walking zombies like Biden.

@@SteveMHN Banks aren’t part of govt??? Come on now buddy. Obama’s entire cabinet was hand selected by Citi. Bankers hold the highest govt offices. It’s a revolving door. Govt is the banks and the banks are govt. It’s the most unholy marriage imaginable

It was a scam, the bankers crashed their own economy once they knew they had their insider man ready to bail them out and the same thing is happening again they're intentionally crashing the economy a second time so they can ask for a bail out. And these motherfuckers have the audacity to call us useless eaters, i've never seen a lazier more incompetent weaker (elite class) in any of the pages of history. We should abandon the US dollar entirely because it's clear that the system is corrupt to it's core. When the elite intentionally crash the economy and hurt everyone else financially just so they can gain it's time to walk away nay, run away as fast as you can. Never mind the fact that they were born into a situation where they already have more money than they'll ever need, the greed of these assholes isn't ending they want everyone to be hurting so they'll be vulnerable so they can buy up more stuff they don't need. They want to buy your time, your land, anything they think is for sale they want to force you into a fire sale position where you're obligated to sell everything you own just to get by, including selling your future by going into debt; these fuckers hate other people having prosperity. They are damned, dirty, and dastardly and you and I would be dumb to not do everything in our power to exit their system of gross gluttony.

Right? It looks like the economy has a real PR issue, because of all the people it bankrupted. How can we restore their faith in this system?

I will advice you make deep research about forex investment, tho i've been earning big from in since the past 3 months till date, but i will advice you still do your own research seeking a professional guide to help skip loss as a beginner

forex isn't like any other work as you must learn the basics and then practice before engaging in real time. unfortunately, You can benefit handsomely from an investment adviser's strategies and trading software while learning from your portfolio.

I used to see forex trading as a side thing but it has proven to been a major source of passive income ever since i came across Mr Carlton Jefferson, his experience of forex market is unrivaled.

Trading as a beginner was very difficult due to lack on trading experience, this resulted in losing my funds though I've been able to recover all that I lost, all thanks to Mr Carlton, i never knew good trader still existed till I come in touch with him

One of the secret of having a better trade is to master a particular strategy. Most beginners are always affected because they are not been guided.

Central banks are the real govt

Pretty obvious from overseas. Your government and courts are owned by big business.

@@davidgiles5030 haha it applies to all of Western Europe as well at a bare minimum.

@@11riehldeal Nowhere near to the extend of the USA. You are a dystopian state in our minds, privatising even critical infrastructure, healthcare, childcare, education,... we wouldn't even dare to think about. (Not even mentioning all the other countless problems you have, like your christian fanatics and your voter suppression). Granted, we Europeans and our governments are far from perfect. But the difference is like a burning candle to wildfire.

@@roberttausig9170 there are millions of war dead, including 6 million dead jews, who would disagree with your view of Europe as a utopia...

YOU ARE AWESOME FOR KNOWING THAT LINE FROM CARLIN !!!! YOU ROCK !! "The American dream, you have to be asleep to believe it .."

In last 9 months, I lost 5K from AIG (Valic). For me, that is a lot of money to just blow in the wind. Get your money out of 401K and seek other safe ways to invest such as krypton (sp?), gold, and silver. I'm sick of these thieves. Middle class is headed towards being poor, plus having no home.

"its a big club, and YOU AINT IN IT" --George Carlin

Money and Bombs never change, only their stance on social issues to divide us.

"The capitalist party never loses a game. It owns both clubs." ― Wise Chinese philosopher

The Party of One

The culpable one is the GOP! And those who voted for it! Deregulation was the problem! The GOP is the master of Deregulation!

@@sene311 both parties are scum. Stop pointing fingers and remove both sides, sheeple.

you cant held the banks accountable. this is why obama looked generaly inatead of blaming them that wouldn't saved the economy. its dirty but banks are crucial

The banks CANNOT be held accountable. It sucks but they really are too big to let fall,

Only if their italian.

what if covid was just an inside job to start up the money printer again and rip off tax payers even more

Several huge bailouts were made to banks that may or may not have failed without them on the premise that they would. If we had left these banks to fail, it would have been a free-market correction, Frank Hynd.

They created financial products among themselves. Bet and estimated for trading on their own. Who would know the real values of the losses? People will lose confidence on banks and will make more people panic. Such panic can create more problems Banking & finance is dependent on trust of people to the system

It should be called “BALLSLESS POTUS”

Money, Power and Treason. They were supposed to go to Federal Prison.

Exactly I agreed with you 💯💯💯🤬🤬🤬🤬🤔🤔🤔

Good documentary. Too bad people are still just as clueless as they were back then…. The young seems to be well informed trying to build a whole new system to take these criminals out of the equation. In some strange way a depression would solve many of the problems while bailouts and pumping the banks only makes the main problem worse.

@@Keys7 Why the normal laws doesn't apply to these criminals who stole our tax $$$ for their greedy mistakes? We ger levied until we die if we did so much as be late on a mortgage. And yet these bankers who made money by gambling in our livelihood and turn around to ask for 700 Billion dollars??+ 180 billion. Measely $300 unemployment will deter us from going back to work they say..this world is nuts!!

Same fools end up voting for tea party. So it is hard to help those idiots. Democrats could have pass some form of relief for average if they held on to the house in 2010. But the idiots who want help the most voted for people like Ted Cruz and Ron Johnson.

I'm not so sure about that. I was a working stiff living in SoCal who never could have afforded to buy my own place before the housing market crashed. I laid low and saved my pennies and my job survived the recession. Turns out I snagged a nice crib out of foreclosure with the help of 7 grand in free gubmint cheese from TARP 3 or 4, not sure which but it helped the wheels go round. So my little slice of the American Dream is probably built on someone else's trail of tears, I can't help that. I was just the last vulture sitting on the fence.

@@Stacie45 Glad you were able to get into a home of your own. However, it's important to understand that the housing market issues of that time were two fold, first none of those homes were really worth the prices asked and buyers were promised the opportunity to refi into a fixed loan before flex-loans adjusted, 2nd the market was falsely inflated by the selling of the derivative debt packages that Wall Street was running wild with and filling their coffers. PURE GREED that feasted on the bones of Americans! Wall Street benefited with bailouts and foreclosures that gave them free real estate to resell. The Gov should have required the banks to release the homes to the buyer-owners since the taxpayers bailed them out, or at the very least made them refi them into fixed loans at the current recession value, but instead they gave it all to the banks, banks that pay little to no taxes. Criminal, but no one went to jail either.

First, houses were sold, payments made, then banks repo-ed, so, they made the sale and got the property THEN, came the banks' bail out, and, banks had bet on the short.. Looks like banks got paid 5x ?? Uh, yeah. Nobody's too big to fail. We always get robbed.

@@barbginther2171 Yep! That's what I am saying too.

Yup..... current capitalist economic ideology is a lie, and the whole thing is a corrupt mess. There is no difference between Reps and Dems.... they both serve their corporate masters. There will be no justice in this world. Things are not likely to change, and it will be a social revolt again. Then things will be really bad, all because of greed..... and a "for profit" motive holding higher sway than social responsibility.

It makes me sick to think about it.

Yes, we can.

One point is this: every stock market crash was followed by a big batch of funny money, which caused stock market recovery.

FAILURE AND CORRUPTION

Then he did it again when he chose Geithner over Summers.

@@bravosierra2447 Geitner was right. Had Obama gotten rid of the CEOs, it would have cost massive panic, especially in the conservative Republican party which already believes that the US government should be small and limited. It would prove their belief that the US Government is too powerful that they can control the banks and fire all the CEOs.

Frontline is, "DuhShit".

@@SimplyKnownAsTron It's super bad.

It enrages me. Im not even american. How can americans let those who endangered their pensions not placed in jail?

​@@dianaverano7878It's the American way!!

​​@@ericwilson4901 That is sad. These people should have been in jail for making the lives of americans miserable.

I did lose my job and my home. Had to foot the bill for the bailout, and now the banks wont give me even a $500 loan/credit card.

@@chrisr4482 I‘m sending you strength, light and perseverance. You are not alone. We are many.

US people *involuntarily* gave them

Obama is a machiavelli, so it seems . He took the easy path of paying wolves to kill sheep

@@MFKZfaq683 How about sending him the $500 the bank won't give him instead of your useless thoughts and prayers.

Until we drop kinetic assassinations from high altitude balloons.

Love the Haiku layout.

Privately owned Fed Profit off it all

They failed, and then the government saved them with no strings attached

Right! 😂

@Get At Me exactly

They failed their task, yes, but they were still operating with many businesses depending on them so letting them collapse would have affected many businesses that had weren't responsible for the mess

@@tomlxyz people don’t understand that, if they let that system crash it would’ve been way more catastrophic than a few people losing their jobs and homes. If the system survives the game continues and hopefully you can find a way to play again

I'm not US American. I'm only an outside observer. As we look back in retrospect through this documentaries, I wanna ask, what reform(s)/rebuilding is the Biden administration doing to protect US Americans from such financial crisis as this in the future?

Not without blood.

@@yengsabio5315 currently, not nearly enough is being done to plan for the impending disaster that is less than a decade away. The powers that be are stuck in a medicated, optimistic state of mind and negl8gent to the consequences as they unfold and even, after the third messenger has delivered the truth.

@@theseventhgeneration6910 That's a sad state, eh mate! I remember, when all of these are happening, at least we are more fundamentally resilient here in the Philippines. We felt the financial crisis, but not to the extent that we've been beaten & crawling on the ground. At that time, jobs are stable esp. in the construction sector so that even a lot of people in the lower income sector have salaries & make money on the side. But observing the USA as this economic recession is undergoing in 2007, 2008 & up until now is really something that makes me think, and ask, what the heck has just happened to United States of America? How could the US government & its people allow this to ever happen? As an observer, it's mind-boggling, eh!

@david spader Are you serious? Trump literally sword danced with the Saudis

Ditto

America has been dead. Centuries ago.

There are always strings, just strings you can't talk about.

Then let America die.

@@crafftepls

He prayed and asked god for guidance…

Yep, they were all in the same bankster team.

I mean, these are the same people who don't bat an eye spending hundreds of billions on for-profit wars and phony pandemics. What's to stop them from making these special deals with Wall St. and company?

Just a lil encouragement a lil coupon. Not even a coin

When that guy started advising Obama he was worth less than I am now he's worth many millions more than twice what I am worth and technically I'm a multi-million person. The very appointment of Eric Holder proves that they never were going to send anyone to prove that it's not because they were worried about the f****** a economy Obama disgust me

They owe Obama more. Absolute power corrupts ABSOLUTELY.

Going with Geithner’s policies Obama followed the path of lease resistance because he feared wall st more than the public.

@@bravosierra2447 oddly most European countries have a tendency of fearing the people. Especially when civil servants claim to be apart of the people. Those in power look to step down or give in to concessions

A tough period? I think that is an understatement. Sadly the bailout pays for itself versus the alternative. All it really does is send negative messages

@@WJWeber yes a tough period. Look at what he did in the late 70’s with interest rates. Caused pain, but was able to get inflation under control; which led to a long period of sustained economic growth

@@WJWeber u U U ui U U u U uuuuuu u I u h h h hi hi h H uh u H h Ui H Uuu h h H ugh uh uh hi I h h h h U I Ui Ui ui hhhh Gg

@@WJWeber no dude you're wrong we would have suffered for a while but the suffering that we're going to have now it's just going to be unbelievable we've reached the end of the road quantitative-easing we never recovered from 2008 that's all an illusion caused by flooding the banks with money but we've been doing ever since then

@@zombiestory6353 I disagree

Amen we aint seen nothing yet, but total chaos among main street..... very sad!!!!

@@davedave5787 You aint shittin. What a complete shit show today. Potato head, Afgan, Australia, DHS trying to say the unvax are terrorists. But the spy keeps on trucking up, just like my PFE calls. Its bittersweet.

I have nearly no fixed equity investments right now. Just waiting for the drop.

@@davidspader4228 I’ll keep an eye on all politicians regardless of party

@@11riehldeal good. That will make the difference. Thank you.

then you are robbing your self

@@mad6668 it’s actually the name of a book The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry Book by William K. Black.

@@KUSHEDTHEFUCKOUT I'm going to buy a bank!

@@KUSHEDTHEFUCKOUT all that safe paper was really all just... Paper wasnt it? Ahh the 80s.

Oceans 11 sequel

You are entertaining a dark place. Fatalistic and negative. Arrogant and misunderstood. The answers you seek are out of reach. Find your future within your history. This is not the end brother. Lately a new beginning. The book is difficult to understand. Don't solve that puzzle on your own. Your guiding light must represent the perfection of love that your soul expects.

Sam DA Silva, so true. The only ones who lost their homes, jobs and savings were the little people.

CROOKS and THIEVES

Lawmakers created the environment for them to do these things. How do they step in and then arrest people for operating in the way they themselves allowed them to? Lawmakers as is common allowed the problem and then came in to posture against the problem they allowed to exist knowingly

@@Matt-cr4vv but who buys the lobbyists and buys the politicians and buys the lawmakers? The same people who buy the advertisements to promote their puppet, and that puppet runs for office because the money to get INTO office is what you need to fight.

That's true yes

Am sure they will 👍

Get a job?

I guess you may not have heard. Living in tents is now illegal in some parts of America so now Americans can't even get THAT.

​@@TSARMOTAF so what youre saying is.. we shouldnt vote woke if we didnt wanna go broke? ha! good. fuck this country for being so lazy. Time for a nice reality check in the form of starvation! enjoy!

So many bummy people in US. Get off opiates/alcohol and get a job. Most homeless people deserve to starve. If you can’t find a job in this economy, just lay down and rot.

No chance.

Gold will give u freedom - as we all know they hate freedom

Good luck. The USA has one political party. It has two faces, but really only one choice..... corporate america! There is no "democracy" in the USA, voting is a sham. Yes you can choose your figure head, the person who will be servicing Wall St. Wall St. rules America, not the people.

Someone has already quoted, "The table is tilted folks, the game is rigged. And nobody seems to notice, nobody seems to care..." -- George Carlin

Yep

I'd say it's purchasing

Why is there no cap on donations! Of course there s corruption

No 7.7 trillion dollars. Behind our backs.

I use this as ASMR sleep tactic

Part 4 will be in 2030, How did we let dollar demise.

They just keep printing all that money. When you're the ones writing the rules, the whole world's your oyster.

That is sad.

Exactly

If they lost the money, they should pay for it. Liquify their assets even after many yrs. That should be the rule. It's your pensions. Your houses. Your business.

keep em poor

It sure is

12/27/2023 and still nothing....

Front line is not telling you the whole story

There isn't any way that this is a great documentary

Yeah they summoned the big bankers and stuff it was all for show until though like they were really doing their job

Yeah they fired to see yo but they didn't cut any of his benefits it didn't cut into his bonus the bonus the asshole was rare to retire anyways

It’s rough

Whats coming?

What is coming? Date?

@@dontundra2259 A giant financial collapse. People being unable to repay debts.

@@lorrainewest7408 by when you think?

@@dontundra2259 Interest rates will eventually climb back to normal, and the absurd funding will have to be cut off. The housing collapse in 2022 will make 2008 look like you just lost a $5 note.

Schreiber's still my fave.

But they were sophisticated and vaccinated according to his fawning apologists. And who knows how much farther their private jets carried Delta beyond the party tents.

@@Mortimer_Duke wtf are you talking about? Lol

@@11riehldeal Obamas Birthday Party.

His presidency was insured by them. When we understand presidents are CHOSEN by them and not by us--we'll begin to understand how f*cked we've always been. EVERY PRESIDENT is a minion to the ruling class.

@@tiadeese apart from trump. That's why cooperation's did all they could to vote him out. But people are still blind not to see that trump was fighting a very powerful system

Just another corporate givaway.

I wouldn't want the job.

Thankless position. But he’s making millions now so….