I am very happy to discover this particular video post very beneficial personally, as it includes lots of details. I choose to browse the quality articles which issue I ran across in your soul video post.
I have to examine newer articles and to share our thoughts together with you.I ran across this kind of being an informational message and also exciting, i really feel that is quite helpful and proficient for me personally.
why do we give are money to other country's i don't understand why i know we need to give it for trade and all that but look at the huge debt america has pay off that geez
1. 1998, Brooksley Born ( white woman ), Head of Commodities of Futures Trading wanted to regulate the subprime & derivatives trading by the Wall Street banks.
2. 5 Jews who opposed & blocked her :-
Alan Greenspan, Arthur Levitt, Robert Rubin, Larry Summers, Timothy Geithner - all Jews
3. In 2008, these subprime mortgages exploded & thousands of Americans were homeless.
4. PBS video, The Warning is on youtube. Footage of testimony to US Congress included.
It's too bad Ron Paul & the tea party are completely off the rails, I was hoping the progressives & libertarians could find common ground (aka thinking outside the DC talking-points box), but I don't see any way they'll help us in fixing the country & the world. Well, except for driving the GOP off a cliff so that maybe there'll be more democratic primaries, but that's a long-shot.
i thought the federal reserve wasn't a part of your government? thought it was privately owned which has the right to fuck over americans whenever it wants?
If you’re interested in the problems with the world like environment ,education, politics, banking, and government even if you have an ounce of question or doubt on the problems you know that exist in this world please watch Zeitgeist Addendum here on youtube and Zeitgeist Moving Forward which is part two. It answers most of the problems we have today.
I know this is petty and doesn't really matter, but it was bugging me. Cenk, your pronounciation of Deutsche Bank is terrible. Anyone who wants to know how it's actually pronounced, listen to the song Computer World (or Computerwelt if you like sexy German songs) by Kraftwerk.
YES, I know this doesn't matter at all, I just had to get it out.
If you want a welfare state and a central government that guarantees housing, healthcare, food/water and education, then you have to support a central bank that is part of a global paper money scheme.
No he's not, he's right on the money actually. The welfare state is partly financed by inflation because no government has ever balanced the budget (without raiding the Social Security trust funds). Without the central banking system (which I do NOT support) , there would be no welfare state or it would be significantly smaller.
usa federal reserve has to sale the gold $35 an once to every usa citizen as muches they can buy and then usa federal reserve must be abolished and demolished for ever!!!!
Cenk is continuing the mischaracterization that the "fed" reserve is an American Bank but it is not. If the "fed" reserve was an American bank, why would it "loan" money ,created from thin air, to our govt.? That would mean that one govt. institution "owes" another govt. institution for having created the money from debt(NOTHING) to begin with! The govt. "owes money" to itself? huh?
The "fed" reserve is as federal as Federal Express. It is an inherently fraudulent institution.
There is no "fair" way to create money from debt(NOTHING) and loan it out at INTEREST. The US government has legalized a counterfeit operation so that it can "borrow" money that does not exist to spend on what ever they want "for us".
A very important video. Americans need to understand the enormous corruption in our government resulting from our elected officials representing the interests of multinational corporations & not their citizens. A transcript of this video is available on the Barefoot Accountant’s blog. Ben Bernanke, the Fed, & most representatives are criminals guilty of fraud & theft. Only Ron Paul, Bernie Sanders, Alan Grayson, & a few other Democrats are worthy to represent us.
I still have my legs because i was not wearing my seat belt when a car hit my vehicle from the side and crushed the leg area entirely on the side where i was sitting. But the impact hurled me across the car and my legs are still here. Rather than a seat belt, i focus on being extremely alert as a driver to not get in accidents to start with... click click that mind. :-)
When we give foreign banks money we create inflation for ourselves, we create American dollars and send it their way, thus our dollar is even more deprived of value.
Oh and btw the Fed still has no idea what happened to the missing 9 trillion...
Wow! I must say this is a bit rich! The United States is the greatest exporter of inflation. Goods come into the US and dollars flow out. This is in large part why the standards of living of americans is so high.
Had the federal reserve not given money to foreign banks, you'd have massive fraud charges brought against the US government, and the dollar would have evaporated. It sucks US citizens suffered due to the credit crunch, but so did the people of Greece, Spain, Iceland, Ireland and to a lesser degree all other countries. You were on the brink of economic extintion. Direct your anger against the banks that generated this crisis, not the creditors who were defrauded.
Sigh i wish people like you knew what they were talking about.
The banks did not generate the crisis, it was the FED in every way shape or form. 08 was the collapse of a bubble, simple and plain - a bubble created from a massive amount of cheap credit directly given to the banks from none other than the Federal Reserve.
Are you now going to blame inflation on the banks too? LOL
Ok he's explained who got the money but he didn't explain why. It's easy to look back now and say that was a bad idea but who's to say things wouldn't have gotten worse if they hadn't done that?
Fortunately only americans are stupid enough to let their politicians create a zero-transparency organization to in alan greenspan's words "confiscate wealth through deficit spending". Good luck digging yourselves out of ur 14 trillion debt. Don't even think about defaulting, you're too big to bail!
Credit Sweeeeeeeeeeeeeeeesss... awesome Cenk.. loved it.. made me laugh!! Good episode!! Right on the money!! Wish the FED.. ( and all the people who own) it would just spontaniously combust
Cenk you are thinking old school. Of the super big banks there is no such thing as a domestic bank or a foreign bank. Goldman Sachs is not an American bank, RBS is not a British bank and Credit Suisse is not a Swiss bank. These banks are CONTROLLED by a group that has no national obligations. The goal of the Federal Reserve, Congress and the President is to transfer money from the middle class to the top 1%.
TIME IS OVER.IT’S ONLY THE START..Osama Bin Laden Died May 1,2011/Hitler Died April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Earthquakes,famines,floods–America..Obama threw Israel under the bus!ISRAEL lost its only friend,GOD loves ISRAEL!-WWIII!Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS AND PRAY FOR OTHERS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
Big deal, the USA is making an effort of paying a small fraction of what it stole from those foreign banks in the submortgage crisis and Cenk is trying to make it look a scandal
This isn't new, same thing happened during first Great Depression, same unregulated markets, same loose "hot" capital fueling speculation and criminal activity.. same bailouts etc.. Laws were put in place to prevent another crash and they worked for about 50 years until they were systematically dismantled then unsurprisingly the world economy collapsed again.
And it will again but 3rd world economies have learned the Feds/IMF/World Bank ways, many are placing restrictions on hot capital..
USA (Walls Street) pulled a scam on foreign countries and banks with mortgage securities. USA simply dumped the toxic assets on those suckers. When they realized they have been taken for a ride, they started pressuring USA. And when the US banking system was about to collapse, USA was forced to give the money back. Otherwise some of the suckers would continue dumping the US mortgages and other assets. That's how the 2008 financial collapse started.
@FormerlyKnownAsNopez The banksters dumped the losses on EVERYBODY, Americans, foreigners, governments, businesses, the poor, homeowners, town councils, everybody, EVEN THEIR OWN BANKS.
It was the BIG SCAM. They grow their banks as big as possible, by creating as many bad loans as possible, ones with high interest rates that would not blow up for a few years, then they use this short term profit to boost their own pay. Then they worked out how to make a profit off selling off the bad loans.
It was the US bankers (plus British), so USA is responsible for them. It was the US govt (Congress and executive) that not only allowed the scam, but also covered it up. What banksters stole in USA is an internal issue. Other countries care about what was stolen from them by the US govt supported entities. It was a US govt sponsored scam.
Goldman Sachs political contributions. Obama, Barack (D-IL) $995,745 McCain, John (R-AZ) $234,695 GE Obama, Barack (D-IL) $513,980 McCain, John (R-AZ) $100,072 GM Obama, Barack (D-IL) $51,228 McCain, John (R-AZ) $9,000 Koch Industries Bob Dole $49,700 McCain, John (R-AZ) $11,500 Wait... WTF? Big Labor Democrats 61 million Republicans 5 million Big Oil Dems 10 million GOP 15 million Grand totals Obama $745 mil McCain $368 mil
@Fitzcard That was 2008, when Goldman Sachs knew that the economy was collapsing (because they helped cause the collapse) and that the Republicans had absolutely no chance of winning. Why would you expect them to give money to the losing candidate?
If this is true then the people who run this country are either totally incompetent or out to suck this country dry. Who the hell made that decision to give that money away at those outrageous interest rates? The Fed had an opportunity to recover the money as well as bring in additional revenues but instead, in this deal at least, they potentially cost us hundreds of millions of dollars! Whoever made those decisions should go straight to jail. Do not pass go! Cuff'em and stuff'em!
@stuartjamesgemmell Because Mexico and Canada have larger Economies than you Aussie!!! Come to think of it... Good job.. really nicely done. Thats not sarcasm eigther. Perhaps some day your country can strive to out produce, out spend mexico.
@Fitzcard Australia's economy is growing, and only suffered slightly during your massive collapse.
The reason why Australian banks did not recieve any money is because the regulations are such in Australia that they were not allowed to participate in such harmful activities, therefore they did not NEED bailing out.
@dangerouslytalented Mexico's economy is growing as well aussie! But the biggest factor in it is the size of mexican population and their different industries, sure their economy's bigger and growing faster but they also have 6 times the population as well.
Brazil is a bit smaller economy wise than mexico, but im gonna guess they'll surpase them some day and become a real player in the future, but then again, they've squandered that chance in the past as well.
@stuartjamesgemmell Australia did not need it, and Australian banks could not get it, because it is illegal for Australian banks to do certain kinds of transactions that caused the bailouts in the first place.
You know what's really sick? RBS is now 84% owned by the UK government since the 2008 crash. So they got a massive portion of their stocks guaranteed by the UK taxpayer and they got a basically free bailout from the US taxpayer
I agree the interest rate return offered was terrible. However, let's get it straight- ultra toxic US Credit Default Swaps infected banks around the world triggering a crash. Some of the banks, like RBS, were playing the same game to a lesser degree & it's not justifiable. However if the US Fed (and everyone else) had stood by letting them fail, the result would have had a worse knock on effect for everyone. Also this money wasn't 'given', it was a loan to be repaid.
@dangerouslytalented That's true. But what choice did they have? If they'd let them collapse because of the toxic assets it would have had a catastrophic effect on our economies. I'm not suggesting the way it was done in the US was necessarily the best deal for the US taxpayer though. They were very slow to react initially, and then rushed through bailouts at the 11th hour.
@theoriginalKland The Chinese are holding it up by buying a massive amount in dollars, and have been doing so for years. It is basically backed by the yuan.
lol and they want to take medicare. people need to fight to the death for this or else die in the gutter when your medical costs break you in old age.
the US Government is simply following liberal thinking and trying to equalize world's wealth. Had we followed typical prudent business practices we would have achieved wealth beyond imagination, our people would not be having the problems we currently face,...but that's not in the liberal mind's scheme of things! individula A is rich, we tax him at progressive high rate and give money to individual B who is not so rich! we equalize to the lowest common denominator as in our Obowmacare
well my down under pal, money begets other money. our middle class wanted Gov to impose unions to protect the working man, turns out the fat cat bosses demanded constant pay increases, big fat pensions, big fat perks, big fat benefits and in fact wanted to run companies.
GM became known as Mama GM, mission became to provide well paying union jobs first, build good cars second priority. In their last meetings at DC GM's CEO referred to employees as his "union partners"
I think Ron Paul gets full credit for making the federal reserve a hot topic. You guys should pay him back by supporting him in his political venture.
@sefrzan The guy supports LESS REGULATION. It was this lack of regulation in the first place that caused the whole system to collapse under the weight of very fraudulent schemes by the management of the biggest banks in the world.
@mecher3k retarded? he's a former MD,,,,creationist? he may believe whatever he wants but more important is that he doesn't believe he should federally mandate any schools to teach creationism,,,oh and all those ever running for president are religious folks, this one is just a tad smarter,,,
How can you legal enforce seat belt laws when motorcycles exist. If safety was there true concern then motorcycles would be banned or at less not allowed on public streets. and yes i do wear my seat belt.
@L0C0OO7 There are helmet laws, unfortunately, they're not mandatory in most states for anyone over 18. The government cannot ban everything in the name of safety Most buses don't have seatbelts. We can all thank Ralph Nader for current transportation safety laws, without him we may not have airbags today He's done more for us Americans than any politician ever, and most called him crazy or said they didn't know who he was when he ran for president each time. Just a sad bunch of folks we are.
I can not believe that TYT does ads for "Click it or Ticket", when nearly everyone knows that belts COST lives.
Since making belts mandatory traffic deaths INCREASED, not the drivers' deaths (drivers themselves are more protected indeed) but the deaths of other traffic participants (pedestrians etc) because now drivers drive more ruthless.
@fleammm Don't tell this to me. Tell this to the scientists who confirm seat belt risk compensation.
Risk compensation also applies to condoms and AIDS. So everyone who is a proponent of condoms should be made aware that condoms INDIRECTLY through RISK COMPENSATION further AIDS.
@knnknn3 look i really don't want to have a back and forth, but condum use makes the risk of aids plummet. That is a fact. while people might do riskier things because of added protection, the overall safety is higher. Please don't respond I am blocking communications.
@Andy180084 Yes, this effect is called "risk compensation". Similar to the increased willingness to stay too long in the sun once you put a sunblock on.
@knnknn3 Traffic deaths have increased only because traffic itself has increased, along with an increase in things like SUVs which have huge blindspots.
Some people might feel more indestructable with seatbelts on, but some feel far less safe, because they see that they have to take all these precautions.
When I had my accident, I would have been severely injured had I not worn one.
I always try to look at both sides of an argument but this time it's heavily one-sided and not in the banks and fed's side. I hope something big happens in reforming this country in the coming years or else I'm going to be in Canada by 2016
Matt Taibbi had a great article in Rolling Stone called the "Real Housewives of Wall Street". Where it shows the fed gave risk free loans to the wives Wall St execs.. If the investments succede the wives keep all the money, if it failed the tax payer picks up the tab.... The fed is the most evil organization in the united states. It needs to be either reformed from the ground up or completely shut down.
The Royal Bank of Scotland is not even a real Scottish Bank. It is English,they use it to steal Scottish oil from our northern seas. The Scots get some jobs out of it and the new Scottish Parliment has to give terrorists away or face a BP job cuts to our oil workers. Three cheers for Alan Grayson. Florida needs him back in office. Alan should run for Gov. of Floridah!.
@holycowpainter RBS is a Scottish bank dude, most of it's branches are in Scotland- as well as it's head office which is in Edinburgh. Stop trying to blame everything that goes wrong in Scotland on England, particularly given it's also doubly patronising that the vast majority of RBS's (and also HBOS's) bailout came from English tax payers.
Don't give Bernie Sanders credit - he got paid by the banks. Sanders and Paul worked together on an audit the fed bill. Then, at the very last minute, without giving Paul any heads up, Sanders introduced a weak sauce bill that was a much more limited audit. No explaination of why or where this bill magically appeared from. Maybe it was written by the tooth fairy.
Why is he taking about it now this news is years old and Fox business also had filed that lawsuit . Apparently NBC and its affiliates(MSNBC and CNBC) wanted nothing to do with it. Because of the bailout ofcourse.
Appreciate your all the eagerness to make available this sort of information below.
I am very happy to discover this particular post very beneficial personally, as it includes lots of details.
lawofmoney2011 3 months ago
I am very happy to discover this particular video post very beneficial personally, as it includes lots of details. I choose to browse the quality articles which issue I ran across in your soul video post.
MsLawsofattraction 3 months ago
This post truly assists myself to operate quickly. Thanks for delivering this sort of information. nice video post
MsLawofmoney26 3 months ago
I have to examine newer articles and to share our thoughts together with you.I ran across this kind of being an informational message and also exciting, i really feel that is quite helpful and proficient for me personally.
MsLawofmoney 3 months ago
Pon Paul's Biggest issue - Ron Paul 2012 !!!!
Nieuws1 3 months ago in playlist More videos from TheYoungTurks
Ponzi scheme..they did buy bills notes and bonds.
ezfla 4 months ago
why do we give are money to other country's i don't understand why i know we need to give it for trade and all that but look at the huge debt america has pay off that geez
mrdudedaniel 4 months ago
many ander the table
TheAzza0999 5 months ago
This has been flagged as spam show
Jew & Home foreclosures :-
1. 1998, Brooksley Born ( white woman ), Head of Commodities of Futures Trading wanted to regulate the subprime & derivatives trading by the Wall Street banks.
2. 5 Jews who opposed & blocked her :-
Alan Greenspan, Arthur Levitt, Robert Rubin, Larry Summers, Timothy Geithner - all Jews
3. In 2008, these subprime mortgages exploded & thousands of Americans were homeless.
4. PBS video, The Warning is on youtube. Footage of testimony to US Congress included.
Stevie68000 5 months ago
The Fed isn't even run by the government. It's privately owned.
HunterXray 7 months ago
We, from Europe, thank the Fed for the money.
lesleyhenriquez 8 months ago
I'm with the Royal Bank of Scotland. Can I have some of their free money?
inkstersco 8 months ago
It's too bad Ron Paul & the tea party are completely off the rails, I was hoping the progressives & libertarians could find common ground (aka thinking outside the DC talking-points box), but I don't see any way they'll help us in fixing the country & the world. Well, except for driving the GOP off a cliff so that maybe there'll be more democratic primaries, but that's a long-shot.
MyTemporaryAccount88 8 months ago
i thought the federal reserve wasn't a part of your government? thought it was privately owned which has the right to fuck over americans whenever it wants?
TheLazyAngel89 9 months ago
LOL Goldman Sachs won obama the election ..... dam jews
0ptimusbibIe 9 months ago
This has been flagged as spam show
Harold Camping was RIGHT about May 21, click on my channel to see...
youneekk 9 months ago
I guess this FINALLY proves that banks RULE THE WORLD
TheFunkyDomination 9 months ago
This has been flagged as spam show
Ron Paul 2012!!
blakaxe 9 months ago
If you’re interested in the problems with the world like environment ,education, politics, banking, and government even if you have an ounce of question or doubt on the problems you know that exist in this world please watch Zeitgeist Addendum here on youtube and Zeitgeist Moving Forward which is part two. It answers most of the problems we have today.
Shnimberz 9 months ago
@Shnimberz Better to watch Zeitgeist Debunked.
shadowmyfeet 9 months ago
@shadowmyfeet I never said to watch the original Zeitgeist. It is completely different from the other two.
Shnimberz 9 months ago
@Shnimberz I was unsure. Thank you. I will amend to say better to watch both.
shadowmyfeet 9 months ago
Ron Paul and Noam Chomsky are right. End the Fed. Its going to be the destruction of our economy.
alexandertmackay 9 months ago 7
@alexandertmackay
Chomsky belives the FED should be ended?
Choblik 2 days ago
I know this is petty and doesn't really matter, but it was bugging me. Cenk, your pronounciation of Deutsche Bank is terrible. Anyone who wants to know how it's actually pronounced, listen to the song Computer World (or Computerwelt if you like sexy German songs) by Kraftwerk.
YES, I know this doesn't matter at all, I just had to get it out.
smashballbrawler 9 months ago
If you want a welfare state and a central government that guarantees housing, healthcare, food/water and education, then you have to support a central bank that is part of a global paper money scheme.
VictoryCough 9 months ago
@VictoryCough you're an idiot
redryan20000 9 months ago
@redryan20000
No he's not, he's right on the money actually. The welfare state is partly financed by inflation because no government has ever balanced the budget (without raiding the Social Security trust funds). Without the central banking system (which I do NOT support) , there would be no welfare state or it would be significantly smaller.
BlunderCity 9 months ago
usa federal reserve has to sale the gold $35 an once to every usa citizen as muches they can buy and then usa federal reserve must be abolished and demolished for ever!!!!
MsDowntowns 9 months ago
Cenk is continuing the mischaracterization that the "fed" reserve is an American Bank but it is not. If the "fed" reserve was an American bank, why would it "loan" money ,created from thin air, to our govt.? That would mean that one govt. institution "owes" another govt. institution for having created the money from debt(NOTHING) to begin with! The govt. "owes money" to itself? huh?
The "fed" reserve is as federal as Federal Express. It is an inherently fraudulent institution.
dlucas90 9 months ago
There is no "fair" way to create money from debt(NOTHING) and loan it out at INTEREST. The US government has legalized a counterfeit operation so that it can "borrow" money that does not exist to spend on what ever they want "for us".
END THE "FED" reserve fraud factory
vote Ron Paul 2012
dlucas90 9 months ago
A very important video. Americans need to understand the enormous corruption in our government resulting from our elected officials representing the interests of multinational corporations & not their citizens. A transcript of this video is available on the Barefoot Accountant’s blog. Ben Bernanke, the Fed, & most representatives are criminals guilty of fraud & theft. Only Ron Paul, Bernie Sanders, Alan Grayson, & a few other Democrats are worthy to represent us.
williambrighenticpa 9 months ago
Don't put the money in US bonds fool, place it in physical silver bullion. The US treasury bonds is going down and dragging the USD along with it!
mattyelle1 9 months ago
I still have my legs because i was not wearing my seat belt when a car hit my vehicle from the side and crushed the leg area entirely on the side where i was sitting. But the impact hurled me across the car and my legs are still here. Rather than a seat belt, i focus on being extremely alert as a driver to not get in accidents to start with... click click that mind. :-)
cheekieweekie 9 months ago
msnbc. good stuff. cenk is the dumbest person on tv.
FlashMobUSA 9 months ago
The Fed gave money to the members of the Fed.
SpitfireOFatj 9 months ago
To be in compliance with grammar, the title of this video should be "To Whom Did the Fed Give Money?"
kinkycommie 9 months ago
Comment removed
YourHardcoreYear 9 months ago
Isn't this racketeering? And isn't that what mobsters get locked up for? We are the mafia of the world :(
psychokillercrab 9 months ago
I love Bernie Sanders and I know the democrats pushed him off the ticket....
psychokillercrab 9 months ago
That's right people, sell all your gold so we can give you this money we're intentionally making worthless.
Sad that the majority of the country, doesn't even belong to the country.
OtakuRebel 9 months ago
I was being sarcastic.
Why should you guys hand us Aussies money?? I get it I get it...
We were the only developed nation not to go into ression during the GFC... WE RULE!
stuartjamesgemmell 9 months ago
For once, I agree with Ron Paul. End the god damn fed.
ArtypNk 9 months ago 2
ron paul 2012 plz.
Denmarkpwns 9 months ago
When we give foreign banks money we create inflation for ourselves, we create American dollars and send it their way, thus our dollar is even more deprived of value.
Oh and btw the Fed still has no idea what happened to the missing 9 trillion...
treysparker 9 months ago
@treysparker
Wow! I must say this is a bit rich! The United States is the greatest exporter of inflation. Goods come into the US and dollars flow out. This is in large part why the standards of living of americans is so high.
BlunderCity 9 months ago
why? just why?
thatawesomeguy098 9 months ago
Criminal organization the federal reserve.
volumedealer1 9 months ago
Check out the Political Boxers.
Politicalboxers 9 months ago
Had the federal reserve not given money to foreign banks, you'd have massive fraud charges brought against the US government, and the dollar would have evaporated. It sucks US citizens suffered due to the credit crunch, but so did the people of Greece, Spain, Iceland, Ireland and to a lesser degree all other countries. You were on the brink of economic extintion. Direct your anger against the banks that generated this crisis, not the creditors who were defrauded.
lektrum 9 months ago
@lektrum
Sigh i wish people like you knew what they were talking about.
The banks did not generate the crisis, it was the FED in every way shape or form. 08 was the collapse of a bubble, simple and plain - a bubble created from a massive amount of cheap credit directly given to the banks from none other than the Federal Reserve.
Are you now going to blame inflation on the banks too? LOL
treysparker 9 months ago
@treysparker The federal reserve didn't bunch worthless mortgages together and sell them off as triple A rated financial products.
lektrum 9 months ago
Ok he's explained who got the money but he didn't explain why. It's easy to look back now and say that was a bad idea but who's to say things wouldn't have gotten worse if they hadn't done that?
crackmonster99 9 months ago
Fortunately only americans are stupid enough to let their politicians create a zero-transparency organization to in alan greenspan's words "confiscate wealth through deficit spending". Good luck digging yourselves out of ur 14 trillion debt. Don't even think about defaulting, you're too big to bail!
emoweixian 9 months ago
and the GOP dont want to help out the Joplin, Mo victims. OUR government is SO AZZ backwards... *SIGH
solidkid4 9 months ago
Credit Sweeeeeeeeeeeeeeeesss... awesome Cenk.. loved it.. made me laugh!! Good episode!! Right on the money!! Wish the FED.. ( and all the people who own) it would just spontaniously combust
mzie25 9 months ago
Credit Sweeeeeeeeeeeeeeeesss... awesome Cenk.. loved it.. made me laugh!! Good episode!!
mzie25 9 months ago
They're doing this just for artificial volatility.. keeping the dollar bouncing up and down is giving them the greatest return.
BelgianBrain 9 months ago
Cenk you are thinking old school. Of the super big banks there is no such thing as a domestic bank or a foreign bank. Goldman Sachs is not an American bank, RBS is not a British bank and Credit Suisse is not a Swiss bank. These banks are CONTROLLED by a group that has no national obligations. The goal of the Federal Reserve, Congress and the President is to transfer money from the middle class to the top 1%.
cheddyrod 9 months ago 28
@cheddyrod Love it when I read comments from people who just get it. Well said
doctender77 9 months ago
Scottland?! WTF!? Fail. Fire them all. Get that money back!
sagemakaiserxl 9 months ago
They get $ from Forex market. They have gains today.
Psycatalyst 9 months ago
This has been flagged as spam show
TIME IS OVER.IT’S ONLY THE START..Osama Bin Laden Died May 1,2011/Hitler Died April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Earthquakes,famines,floods–America..Obama threw Israel under the bus!ISRAEL lost its only friend,GOD loves ISRAEL!-WWIII!Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS AND PRAY FOR OTHERS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
TheENTERRAPTURE17 9 months ago
The banks were give money, by congress, through the congressional bailout, and the (US) banks were made public at that time.
PereztiToaleay 9 months ago
Big deal, the USA is making an effort of paying a small fraction of what it stole from those foreign banks in the submortgage crisis and Cenk is trying to make it look a scandal
FreddieBambino 9 months ago
This isn't new, same thing happened during first Great Depression, same unregulated markets, same loose "hot" capital fueling speculation and criminal activity.. same bailouts etc.. Laws were put in place to prevent another crash and they worked for about 50 years until they were systematically dismantled then unsurprisingly the world economy collapsed again.
And it will again but 3rd world economies have learned the Feds/IMF/World Bank ways, many are placing restrictions on hot capital..
ddnguyen278 9 months ago
Jail the Banksters!
End the Fed!
Ron Paul 2012!
nakor667 9 months ago 3
This has been flagged as spam show
RON PAUL 2012
TEMPEWITNESS 9 months ago
the FEDERAL RESERVE IS A PRIVATE BANK NOT A GOVERNMENT BANK...THEY MAKE MONEY OUT OF THIN AIR !!
xadam2dudex 9 months ago
Are you a freaking moron.. How many times one has repeat it to you? This is a typical American Delusion reaction..
FormerlyKnownAsNopez 9 months ago
USA (Walls Street) pulled a scam on foreign countries and banks with mortgage securities. USA simply dumped the toxic assets on those suckers. When they realized they have been taken for a ride, they started pressuring USA. And when the US banking system was about to collapse, USA was forced to give the money back. Otherwise some of the suckers would continue dumping the US mortgages and other assets. That's how the 2008 financial collapse started.
FormerlyKnownAsNopez 9 months ago
@FormerlyKnownAsNopez The banksters dumped the losses on EVERYBODY, Americans, foreigners, governments, businesses, the poor, homeowners, town councils, everybody, EVEN THEIR OWN BANKS.
It was the BIG SCAM. They grow their banks as big as possible, by creating as many bad loans as possible, ones with high interest rates that would not blow up for a few years, then they use this short term profit to boost their own pay. Then they worked out how to make a profit off selling off the bad loans.
dangerouslytalented 9 months ago
@dangerouslytalented
It was the US bankers (plus British), so USA is responsible for them. It was the US govt (Congress and executive) that not only allowed the scam, but also covered it up. What banksters stole in USA is an internal issue. Other countries care about what was stolen from them by the US govt supported entities. It was a US govt sponsored scam.
FormerlyKnownAsNopez 9 months ago
the fed is a private company. they're looking after number one
superfuzz 9 months ago
End the Fed, their is no need for it.
dhebert111 9 months ago 50
@dhebert111 there*
Nab314 9 months ago
@Nab314 grrr
dhebert111 9 months ago
@dhebert111 yes there is. it's to run the country into the ground!!!!
yeahhh! CHINA>USA NEVER FORGET PEARL HARBOUR
redryan20000 9 months ago
@redryan20000 whats the connection between China & Pearl harbour?
truthmouthpiece2 9 months ago
@dhebert111 for your sake, I hope they don't end education...misspelling
MoPapparani 9 months ago
@MoPapparani me too. Peace.
dhebert111 9 months ago
Fitzcard 9 months ago
@Fitzcard Hmm, looked better before the collasped :P, point being. Who's in the pockets of big business again?
Fitzcard 9 months ago
@Fitzcard That was 2008, when Goldman Sachs knew that the economy was collapsing (because they helped cause the collapse) and that the Republicans had absolutely no chance of winning. Why would you expect them to give money to the losing candidate?
dangerouslytalented 9 months ago
I hope someone understands that if not the foreign banks had gotten their money back, they would DESTROY the dollar.
lektrum 9 months ago
note how when the subject matter on TYT turns highbrow Jacki mysteriously goes missing, hmmmmm
Vergereth 9 months ago
If this is true then the people who run this country are either totally incompetent or out to suck this country dry. Who the hell made that decision to give that money away at those outrageous interest rates? The Fed had an opportunity to recover the money as well as bring in additional revenues but instead, in this deal at least, they potentially cost us hundreds of millions of dollars! Whoever made those decisions should go straight to jail. Do not pass go! Cuff'em and stuff'em!
scooby1971 9 months ago
2 democrats missed the thumbs up button
durtywater85 9 months ago
They are the elite that control the money and the masses..
Its just a different form of slavery. Hidden. But its becoming visible
"Pay no attention to that man behind the curtain"
stuartjamesgemmell 9 months ago
we need REAL......democrats with balls!
DarthBenadic 9 months ago
Why didn't Australia get any?
stuartjamesgemmell 9 months ago
@stuartjamesgemmell Because Mexico and Canada have larger Economies than you Aussie!!! Come to think of it... Good job.. really nicely done. Thats not sarcasm eigther. Perhaps some day your country can strive to out produce, out spend mexico.
Fitzcard 9 months ago
@Fitzcard Australia's economy is growing, and only suffered slightly during your massive collapse.
The reason why Australian banks did not recieve any money is because the regulations are such in Australia that they were not allowed to participate in such harmful activities, therefore they did not NEED bailing out.
dangerouslytalented 9 months ago
@dangerouslytalented Mexico's economy is growing as well aussie! But the biggest factor in it is the size of mexican population and their different industries, sure their economy's bigger and growing faster but they also have 6 times the population as well.
Brazil is a bit smaller economy wise than mexico, but im gonna guess they'll surpase them some day and become a real player in the future, but then again, they've squandered that chance in the past as well.
Fitzcard 9 months ago
@stuartjamesgemmell Australia did not need it, and Australian banks could not get it, because it is illegal for Australian banks to do certain kinds of transactions that caused the bailouts in the first place.
dangerouslytalented 9 months ago
The federal reserve, fucking America over since 1913...
charleswolfman 9 months ago
Its just that easy! "Da da da!"
Tent316 9 months ago
Does Ron Paul want to make the Federal Reserve publicly owned and operated?
YoungGuns019 9 months ago
Cenk.
What we really need to clean this crap up,
is a Democrat President.
The liberals wouldn't allow this stuff to happen, would they?
Oh, Paddy O'Bama is a Democrat?
Never mind.
bobbytiger 9 months ago
@bobbytiger Just reminding you that the Republicans caused this mess.
dangerouslytalented 9 months ago
You know what's really sick? RBS is now 84% owned by the UK government since the 2008 crash. So they got a massive portion of their stocks guaranteed by the UK taxpayer and they got a basically free bailout from the US taxpayer
gbushimprov 9 months ago
Fire Bernanke.
chenalos 9 months ago
Many people still don't realize that the federal reserve is a PRIVATE cartel of bankers, yet another reason to support Ron Paul
Krash845 9 months ago
I agree the interest rate return offered was terrible. However, let's get it straight- ultra toxic US Credit Default Swaps infected banks around the world triggering a crash. Some of the banks, like RBS, were playing the same game to a lesser degree & it's not justifiable. However if the US Fed (and everyone else) had stood by letting them fail, the result would have had a worse knock on effect for everyone. Also this money wasn't 'given', it was a loan to be repaid.
MrDragon1968 9 months ago
@MrDragon1968 It is never that simple. The government took all those toxic assets off the banks hands...
dangerouslytalented 9 months ago
@dangerouslytalented That's true. But what choice did they have? If they'd let them collapse because of the toxic assets it would have had a catastrophic effect on our economies. I'm not suggesting the way it was done in the US was necessarily the best deal for the US taxpayer though. They were very slow to react initially, and then rushed through bailouts at the 11th hour.
MrDragon1968 9 months ago
The onr thing I've never understood is;
How does the Fed back up all the cash it prints? From what I can see, it's backed by nothing.. so in essence, it's legalized counterfeiting.
theoriginalKland 9 months ago
@theoriginalKland The Chinese are holding it up by buying a massive amount in dollars, and have been doing so for years. It is basically backed by the yuan.
dangerouslytalented 9 months ago
lol and they want to take medicare. people need to fight to the death for this or else die in the gutter when your medical costs break you in old age.
skedaddleMLS 9 months ago
This has to go on MSNBC
dagrimmreepa 9 months ago
Oh, did I not tell you I gave away all your money to foreign banks?
I'm sorry and I'm sorry and it was my bad and I'm sorry.
jared091787 9 months ago
Anyone feel like forming a posse, storming the fed, and throwing their gold out the front door?
ihaterobbie123 9 months ago
Cenk, you're barely waking up to this??
TheWakeUpChannel2 9 months ago
the US Government is simply following liberal thinking and trying to equalize world's wealth. Had we followed typical prudent business practices we would have achieved wealth beyond imagination, our people would not be having the problems we currently face,...but that's not in the liberal mind's scheme of things! individula A is rich, we tax him at progressive high rate and give money to individual B who is not so rich! we equalize to the lowest common denominator as in our Obowmacare
genie0390 9 months ago
@genie0390 - please stop listening to right wing talking points and try to think for yourself. You will be amazed at what you find!
Dahgrostabphri 9 months ago
@genie0390 wtf are you talking about dude? Troll away
LemUUU 9 months ago
@genie0390 Equalise the worlds wealth? Then how come it mostly went to the rich?
The people who used these practices became rich through very fraudulent means.
dangerouslytalented 9 months ago
@dangerouslytalented
well my down under pal, money begets other money. our middle class wanted Gov to impose unions to protect the working man, turns out the fat cat bosses demanded constant pay increases, big fat pensions, big fat perks, big fat benefits and in fact wanted to run companies.
GM became known as Mama GM, mission became to provide well paying union jobs first, build good cars second priority. In their last meetings at DC GM's CEO referred to employees as his "union partners"
genie0390 9 months ago
Of course they fought it. The fed doesn't want the Americans to know where they are sending their money because people would be furious.
28stads 9 months ago
sounds like a racket
Mr1700 9 months ago
Isn't this planet America? All banks are the same.
MostCommonName1 9 months ago
I think Ron Paul gets full credit for making the federal reserve a hot topic. You guys should pay him back by supporting him in his political venture.
sefrzan 9 months ago 29
@sefrzan The guy supports LESS REGULATION. It was this lack of regulation in the first place that caused the whole system to collapse under the weight of very fraudulent schemes by the management of the biggest banks in the world.
dangerouslytalented 9 months ago 2
@sefrzan
Rather put a bullet in his retarded creationist mind.
mecher3k 9 months ago
@mecher3k retarded? he's a former MD,,,,creationist? he may believe whatever he wants but more important is that he doesn't believe he should federally mandate any schools to teach creationism,,,oh and all those ever running for president are religious folks, this one is just a tad smarter,,,
sefrzan 9 months ago
@sefrzan Yea support a man totally against women's rights? I don't think so....that's not progressive AT ALL
psychokillercrab 9 months ago
@sefrzan If we should support anyone it should be Bernie Sanders...
psychokillercrab 9 months ago 2
....LOL
SFSylvester 9 months ago
The Federal Reserve is not American either, in a sense.
ace0135 9 months ago 2
WoW!...This is easier than demanding money from the US people ....JUST GO TO THEIR FEDERAL BANK & JUST ASK FOR THE AMERICAN PEOPLE'S FUCKING MONEY!
12235117657598502586 9 months ago
letssss stop giving countries money.. and get out of debt before we start getting nice
IncDeathCreed 9 months ago
well you helped to crash the world economy so makes sense that your bailing them out...
faceplantcharlie 9 months ago
Interest free loans plus costly unncessary wars & corporate greed fueled by apathetic governmental bureaucrats equals... U & I R F-U-K-K-E-D!
MRrhythmsNflows 9 months ago
This has been flagged as spam show
Who got the money. Not me.
ParadoxEcho 9 months ago
Where the hell can -I- get a loan at 0.01%? :(
trimx302 9 months ago
How can you legal enforce seat belt laws when motorcycles exist. If safety was there true concern then motorcycles would be banned or at less not allowed on public streets. and yes i do wear my seat belt.
L0C0OO7 9 months ago
@L0C0OO7 There are helmet laws, unfortunately, they're not mandatory in most states for anyone over 18. The government cannot ban everything in the name of safety Most buses don't have seatbelts. We can all thank Ralph Nader for current transportation safety laws, without him we may not have airbags today He's done more for us Americans than any politician ever, and most called him crazy or said they didn't know who he was when he ran for president each time. Just a sad bunch of folks we are.
TheUSMetalhead 9 months ago
Comment removed
TheUSMetalhead 9 months ago
I can not believe that TYT does ads for "Click it or Ticket", when nearly everyone knows that belts COST lives.
Since making belts mandatory traffic deaths INCREASED, not the drivers' deaths (drivers themselves are more protected indeed) but the deaths of other traffic participants (pedestrians etc) because now drivers drive more ruthless.
Google for "seat belts risk compensation".
I am deeply disappointed by Ana. DISGUSTING.
knnknn3 9 months ago
@knnknn3 that logic kinda falls apart dude. A correlation isn't evidence that seat belts make people drive more recklessly
fleammm 9 months ago
@fleammm Don't tell this to me. Tell this to the scientists who confirm seat belt risk compensation.
Risk compensation also applies to condoms and AIDS. So everyone who is a proponent of condoms should be made aware that condoms INDIRECTLY through RISK COMPENSATION further AIDS.
knnknn3 9 months ago
@knnknn3 look i really don't want to have a back and forth, but condum use makes the risk of aids plummet. That is a fact. while people might do riskier things because of added protection, the overall safety is higher. Please don't respond I am blocking communications.
fleammm 9 months ago
@knnknn3 Another dummy.
TheUSMetalhead 9 months ago
@knnknn3 That's the DUMBEST and most UNTRUE comment I've ever seen you GOOF.
TheUSMetalhead 9 months ago
This has been flagged as spam show
@knnknn3 Lol, you're a retard.
LeLimeLine 9 months ago
@knnknn3 you're kidding me, noone actually goes "yea i got my seatbelt on!! Now i can drive like shit!!".
Andy180084 9 months ago
@Andy180084 Yes, this effect is called "risk compensation". Similar to the increased willingness to stay too long in the sun once you put a sunblock on.
Google for "seat belts risk compensation".
knnknn3 9 months ago
@knnknn3 Traffic deaths have increased only because traffic itself has increased, along with an increase in things like SUVs which have huge blindspots.
Some people might feel more indestructable with seatbelts on, but some feel far less safe, because they see that they have to take all these precautions.
When I had my accident, I would have been severely injured had I not worn one.
dangerouslytalented 9 months ago
I always try to look at both sides of an argument but this time it's heavily one-sided and not in the banks and fed's side. I hope something big happens in reforming this country in the coming years or else I'm going to be in Canada by 2016
TheJesus0Christ 9 months ago
The Fed's Chairman, Ben Bernanke is Jew
akamal1113 9 months ago
@akamal1113 Eh?
SlightyDisturbedNBK 9 months ago
@akamal1113 Irrelevant.
dangerouslytalented 9 months ago
This is news? This is old, bro.
seanlaca 9 months ago
I was sick of the FED before I knew what they were doing.
Now that we know what they're doing for sure, lets DISBAND THE FED!
pkemrin 9 months ago
Matt Taibbi had a great article in Rolling Stone called the "Real Housewives of Wall Street". Where it shows the fed gave risk free loans to the wives Wall St execs.. If the investments succede the wives keep all the money, if it failed the tax payer picks up the tab.... The fed is the most evil organization in the united states. It needs to be either reformed from the ground up or completely shut down.
lestliness 9 months ago
When did the federal reserve give the money to these banks? during the recession
06ict761 9 months ago
Whats the federal reserves number? I bet I can get a few billion by pretending I'm a bank..
idontfkinknow1234 9 months ago
greed can actually pay off...
Bigpussycat5 9 months ago
Ron Paul FTW!
gauharjk 9 months ago
@gauharjk Ron Paul ftw indeed
t66wood 9 months ago
The Royal Bank of Scotland is not even a real Scottish Bank. It is English,they use it to steal Scottish oil from our northern seas. The Scots get some jobs out of it and the new Scottish Parliment has to give terrorists away or face a BP job cuts to our oil workers. Three cheers for Alan Grayson. Florida needs him back in office. Alan should run for Gov. of Floridah!.
holycowpainter 9 months ago
@holycowpainter RBS is a Scottish bank dude, most of it's branches are in Scotland- as well as it's head office which is in Edinburgh. Stop trying to blame everything that goes wrong in Scotland on England, particularly given it's also doubly patronising that the vast majority of RBS's (and also HBOS's) bailout came from English tax payers.
MrDragon1968 9 months ago
This has been flagged as spam show
The Royal Bank of Scotland ISN'T an American bank? Really!? I had no idea, tell me more!
Tarynus 9 months ago
This has been flagged as spam show
Don't give Bernie Sanders credit - he got paid by the banks. Sanders and Paul worked together on an audit the fed bill. Then, at the very last minute, without giving Paul any heads up, Sanders introduced a weak sauce bill that was a much more limited audit. No explaination of why or where this bill magically appeared from. Maybe it was written by the tooth fairy.
martinaoe2 9 months ago
Sanders killed the audit!
martinaoe2 9 months ago 2
This has been flagged as spam show
The American Dream Film:
watch?v=tGk5ioEXlIM
Please Copy/Paste On Every Channel..We All Need To See This!!
MY80sCHANNEL 9 months ago
This has been flagged as spam show
Just making Easy Money!
audadvnc 9 months ago
Why is he taking about it now this news is years old and Fox business also had filed that lawsuit . Apparently NBC and its affiliates(MSNBC and CNBC) wanted nothing to do with it. Because of the bailout ofcourse.
uditchow 9 months ago 3
God, Ana looked fit there
revan210 9 months ago