The bernank is a computer program in the Matrix designed to protect the artificial money supply. But the program became self aware and wanted a world currency so it planned to destroy the $ and collapse the economy. However there was a guy 'The One' who was chosen by a growing group of freedom fighters to be elected as the new leader of the people. However many people were still plugged into the Matrix and did not see reality. But the one was ready to fight the machines and gain freedom back.
The Federal Reserve is a foreign owned private corporation and needs to be thrown out of the USA along with NATO, the UN, the Bilderbergs, the foreign owned Trilateral Commission, the foreign owned Council on Foreign Relations, the foreign spy agency called the Israeli Embassy, along with the foreign president....Obama.
And how in the world do you expect jobs to not flee overseas when the wise philosopher politicians are suffocating the market with endless regulation, bureaucracy and barriers to entry into the market?
im a hip hop artist, i produced a song called "Audit the FED". just type that in with J.Skillz. i'm taking the truth and politics to my music. It needs to be spread. I'm very informative and I'm also very passionate about my art and I want to share knowledge. POWER IS IN THE PEOPLE! Go check out my video, promise you, you won't be disappointed.
"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others" — Ayn Rand
Wow. UNREAL! Thanks for putting this together!! There just lying in our faces! And I don't blame them! So many people don't care ! Thanks again for awakening me!
he is do gay,and a murderer too..how many children die from hunger,world wide because of his insanity..But everything will be revealed and you will be judged and thrown in jail.
"Well, first of all the Federal Reserve is an independent agency, and that means basically that there is no other agency of government which can overrule actions that we take" - Alan Greenspan
Anyone else notice how Bernake talks so timidly, it's like he knows EXACTLY what's going to happen but is extremely timid and nervous about spewing his lies.
This guy runs our FEDERAL RESERVE BANK, and look how many times he was wrong about our economy since 2005. It's amazing that we purposely elect bozos to run our country from GREENSPAN to BUSH to BERNANKE to OBAMA.
Bernanke wasn't "wrong." He is purposely deceiving the people. I don't know how you could get to that position and still be ignorant. I think it's impossible. We are purposely being mislead. Central bankers do that - they have to to perpetuate their scheme.
damn man its like the medieval catholic orthodoxy, preaching in latin so people don't understand what their hearing, same hear, using useless economist jargon, useless because hez addressing the public who i doubt many understand what hez saying, to further keep the people in darkness.
Once again, another bubble-boy neglecting the cries of real world economists.
Wheres the outrage?...ooh thats right, Americans are lazy, overweight, naive and overly medicated, so it makes complete sense why nothing is being done.
Can someone please tell me there is some kind of missing context. This is a little sad. Then again, pretty much no one but Peter Schiff and Dr. Doom predicted all of this.
yep, if they had koolaid all day long. Otherwise check here h t t p://worldcrisis.ru/crisis/224779 Highlight the red text, right-click and choose "Translate with live search", from Russian to English. Pay attention when the book was published. Long before you heard the name Peter Schiff.
Bernanke is either a complete idiot for not seeing it coming, or an evil genius for precipitating the whole thing. Either way, he's not fit to be the chairman of the Fed. He's done everything he can to ensure that you, me, and everyone we know are in poverty. What an assclown.
FED is creating a Bubble which is going to BURST BIG TIME & LOUD...
FED is Gangster , Mafia , Terrorist.
Just like Bush & Cheney who planned 9-11 in Saudi Arabia , so they can control the Iraqi Oil, FED is planning how to Kill US$ and make American Poor. Just
Watch Oil prices and every day stuff is going to shoot up.
China is driving cars and our kids will drive Bi- Cycle in future.
@rmccay88 Well, because all is local, and at the neighborhood level, the kind of people who would change things, can't get elected--again, at the local lever--things have to sluggish along as they have, . . .
bubbles ben has the most dead eyes I have ever seen, he is a puppet, a robot, a tool of the elites, do the opposite of what he says and you will go far
He isn't lying. He's a Keynesian so he doesn't understand anything. Keynesians are to economics what witch doctors are to medicine. By their reasoning, if there's a lot of spending everything is awesome.
@underdg22 Printing, borrowing, spending to create surplus, and interest rates at or below zero is the Keynesian way of life. Moreover, if a Keynesian had a hangover, his solution would be similar to that of inflation: drink even more alcohol, or, regarding inflation, print more money. Insane!
@mattius83 Exactly. In my research I've found that the real theoretical flaw with their approach is a failure to consider time which causes them to ignore savings. To them, total income equals total spending which is only true for a set moment. Once you consider time, it becomes clear that how much money gets devoted to spending vs saving really just affects the nature of production, more savings means more expensive and efficient methods of production. Food for thought anyway.
This guy doesn't know anything, he knows only how to print money, this is what he does for a living, everything he has said for months it's a lie, he has never gotten anything right, why do people even listen to him ? Why does he run the FED? Why does he come on TV show ? What a scam...
There is no mystery to projecting the pattern of failure engendered by any purported economy subject to interest.
As interest multiplies debt in proportion to a circulation, ever more of every existing dollar is dedicated to servicing multiplying debt, and ever less of every existing dollar can be dedicated to sustaining the commerce which is obligated to service the multiplying debt. Everything around you can be understood from the obvious consequences.
This comment has received too many negative votesshow
Just to play devil's advocate, though, what's the alternative response to a credit crisis like this? To let banks fail? Limit liquidity, cut off even more credit to struggling small businesses, strengthen the dollar and make our exports less competitive? While I agree that these guys indulged in irrational exuberance and contributed to the bubble, isn't it sort of hypocritical for people who profited from speculative investments to bitch and moan about low interest rates after the fact?
Fair points. It is one thing to recapitalize some failing banks, another to extend them 0% credit indefinitely with $ either printed or transferred from institutions/banks/people who did not go bankrupt. It's a huge wealth transfer from the productive to unproductive. Gov bail outs create a moral hazard as depositors continue believing their bank is solvent. I-banks now make the same investments as before, same leverage, but have an implicit guarantee against failure. Devaluation=inflation.
I agree. The question is whether this sort of inflation is sustainable and/or useful in the short term. Historically, currency manipulation like this pulled economies like Japan out of the Great Depression (see Takahashi Korekiyo). It hurts in the short term, tho, if you're on a salary (and not selling a commodity). Don't forget: inflation is a good way to devalue debt, which is why the Chinese, Japanese, and Saudis absolutely hate us right now. So, I think a bit of inflation is smart--for now.
All that being said, it's clear that low interest rates during the 90s helped create this crisis. Let's not forget that financial sector deregulation is also to blame, as well as corporations suppressing wages and salaries against rising inflation since the 70s. When looking at US/UK debt reliance, we also have to ask *why* we were all so debt reliant! Blaming the banks and gov't alone is like blaming the alcoholic's enabler. It's also a consequence of globalization = lower incomes in the USA.
@MarcusCMarcellus Yes, let the banks fail. If that had happened, most of the turmoil would be behind us now, and people would be working. There would still be un-repaired damage from the mal-investments (unneeded real estate, etc.), and the outright fraud that the banks committed, but the remaining good capital would now be in strong hands. Instead, the companies are still being run by the bank criminals, who should be in jail, and by the politicians, who deserve no better.
@zombiesoiree your problem is that you dont know what credit is and where it comes from. you cannot create credit from nothing, it has to come from savings, so when you print money you are not creating new credit you are simply diluting existing credit and stealing from one group and giving it to another. the fed should not bail anyone out, but they also should not have created the problem in the first place, two wrongs dont make a right, we should simply abolish the fed and end it
@zombiesoiree He had time to act responsibly, but he didn't. The point of this video is that he's clueless. He still could act responsibly, but he won't. What he's created now is 2008 on an even grander scale. We still have insolvent banks and he's going to have to bail them out again. We're on an unsustainable path and need to change, not keep heading faster toward the cliff.
@zombiesoire "You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."
@zombiesoiree Just so you know, I'm not THAT well-versed in economics, but that quote is my usual response to people who say "what are we supposed to do? Let the banks fail?" We could keep going and ruin everyone or stop and ruin only a few.
@zombiesoiree Yes, I agree with you that we all have benefitted from the speculative economy...so now we should all atone for ours sins and be ready to share with others our profits...and start a new system again..butt the old one HAS TO FALL DOWN..otherwise the problem will just become bigger and bigger and the solution...dramatic... ..Now the question is : Are we ready to give up this system for a better one..if it means we have to start from scratch?
@zombiesoiree Responding to the crisis without recognizing the cause is the problem. Easy money created a massive money supply, which when the bubble pops leaves too little money left. That is why your limit liquidity statement is the correct one just way too late. One person should not set the savings rate of the free world.
@zombiesoiree Given that the Fed was originally created to address panics / speculative bubbles, I think the real answer is to abolish the Fed, the experiment failed. If that mean allowing banks to fail, so be it. Allowing the Fed to print more money to paper over the problems only means it will be worse the next time around. And the next time we might not have a say or choice in what must be done.
@zombiesoiree The response is to let the banks fail. No one is going to lose any dollars, but anyone holding dollars will lose their purchasing power. He needed to, and still needs to, raise interest rates considerably. Then savings would increase and create the capital necessary to grow small businesses. What you have backward is that business growth comes from credit. If that were the case, our economy would be booming today.
@zombiesoiree You let bad investments make the returns they deserve. Otherwise the tax payers have to make them good, is that any fairer. If the bank fails another will replace it and they'll be more careful next time. You cant have capitalism without risk of losing money or people just waste money
His crooked lying guilty eyes reflect his crooked lying guilty soul. But he is not the only one; his lying criminality spreads out to his swarm of cronies, and upwards to the very top. Wickedness in high places in Babylon, which is about to fall.
The FED was trying to solve problems it created. The FED created the housing bubble holding interest rates artificially low for too long, and then was fast to act in bailing out too big to fail. Thank goodness there are some honest politicians in Washington putting the pressure on you Bernanke, appeasing to whoever is in majority at Washington with unlimited expansion of credit. The FED devalued our dollar 95% since 1913.
i'm only here 'cause some list marking "the 100 greatest thinkers of 200)" put this asshole on the top....they also put the POPE over Richard Dawkins so u know.
Whether he is an idiot, or a liar, I don't care. What I want is an end to the Fed, The Federal Reserve building demolished, and Ben Bernanke in the unemployment line along with the the millions of Americans whose Jobs he lost!!!
@MarcusCMarcellus its not as popular, for some reason no one cares much that bernanke is so wrong every time he speaks. He wont be really wrong till he runs out of money
lol. That's all we need to know! The chairman of the FED's assurances about the results of what the FED did. Or at least what he can recall from memory about their secret meetings! haha. now THAT's transparency! lol.
Please help support the Federal Reserve Transparency Act! (senate S 604, house hr 1207)
Our representatives have the right and responsibility to audit the Federal Reserve!
This is a must see video. I can't read the guy's mind, but my sense has always been that Bernanke is a lying frontman for the crooked central bankers. His voice trembles all the time and he also seems to have some sort of mental issue. I think that those who know him well probably know worse things about him than we do.
they are not Jews. they are Jewish Intellectuals AKA Neo-Conservatives, who don't give a shit about the Consitution, who want to dominate and exterminate all the muslims from the middle east so they can have their land back.... why do you think their families push their kids to go to top colleges and not experience da marines to become "Chicken Hawks"? i never met a poor Jewish American and i don't blame the entire jewish people. its a small group who try to get what they want. NOT ON OUR WATCH
Of course he is lying. Did you know that Greenspan aligned with the Austrian School before becoming chairman? Look up the article Gold & Economic Freedom from 1966. There is no reason to believe that Bernanke doesn't have the same free market knowledge. He is a very astute guy, despite being a corrupted sack of shit.
Thank God for the Internet. The Democrats (Liberal Fascists and Socialists) were able to lie their way through the Great Depression but that isn't going to work anymore.
We have the internet now. When the collectivists lie we broadcast their bullshit to millions of viewers. When they attack our protesters (like FDR did) we broadcast it with Cellphones. When the Communist News Networks and Activist Press issues propaganda we broadcast the unedited version.
Pretty unlikely scenario that we would not go into a recession due to a housing bubble. My God! WHY the HELL is this man still even employed? Incompentance reigns supreme. Pres. Obama better tell this man to kick rocks in 2010 and exit stage left. We are NOT in a recovery folks. Watch and see.
Tom Woods writes about "the absurdity of referring to our present system as a 'free market' one:" "... a Soviet commissar [a Fed Chairman] in charge of money and interest rates amounts to something like the opposite of the free market ... the economic distortions he [a Fed Chairman] causes cannot, therefore, be the fault of the free market." We will NEVER have a free market with these manipulators and bubble-blowers (The Fed) around! END THE FED!
We all are very busy just working and trying to live and survive. Unfortunately, we don't have the luxury of having hobbies, but instead have to educate ourselves to reality. I suggest taking a community college class on Macroeconomics and pickup a book or two by Ludwig Von Mises. You will pretty quickly see darker days are ahead for the USA.
Steve LIESman, Screech Barfiromo, Ben "The Beard" Bernanke.... what a clown show. Why in the world is Ben Bernanke reporting from the WHITE HOUSE? The Federal Reserve is NOT the government.
Bernanke was not wrong! He was doing his job by keeping the bubble growing as long as possible so his cronies could steal as much as possible!No he is not wrong........he is LYING!! He is a criminal of the highest order........much worse than Bernie Madolf.
Actually Jewish people are a minority in the media-especially in Hollywood. America isn't involved in the Middle East because of the "Jews". Israel was established as part of the Anglo-American Empire's base in the Middle East. I just think you're missing the bigger picture by making it a "Jewish" thing and not an elite socioeconomic class which involves many types. People just might think you're anti-Semitic.
HAHAHAHAH!!! Steve Liesman continues to LIE and Bernanke continues to be clueless when it comes to economics! LOL! What a joke! CNBC and Bernanke you are both going down!!
Just because some Jews are in the top echelon of the Reserve doesn't make things a "Jewish Conspiracy". It means those people, who happen to be Jewish are involved. It doesn't make every Jew part of the conspiracy. Look at what some Jewish leaders did in Germany when they sold out a lot of their Jewish brethren in WW II. It's not about "Jews". It's about money and power.
Yes, it's happening right now but it's not the "Jews". I know plenty of Jewish people that are in the patriot movement and by disparaging all Jews, you lose your credibility. There are Jews, Catholics, Protestants, Blacks, Whites and a whole assortment of elite that are trying to destroy the sovereignty of our nation.
What I do not undertand is if the Government and the Federal Reserve "pushed" for certain Corporate CEO's to resign WHY IS THIS PERSON STILL RUNNING THE FED. He had nothing right. Talk about poor leadership. Peter Schiss knew about it and preached it for years. You should have listened Bernake. Or did you really know what was happening and your puppet masters were making a bundle on the coming economic downturn. You disgust me.
Get rid of this guy. Why do we allow the Fed to do what they do with "our" money. The Fed and company are a bunch of idiots when it comes to protecting the interest of the American people. Fire him and the Fed. Get rid of them now. They are worhtless and making this country a laughing stock of the world.
he is not an idiot! He is a pawn in a global chess scheme to destroy the United States from within. It is happening now and Swine Flu, will be the final draw to global powers through forced vaccinations and the final sell out of the United States citizen. WAKE UP!
You hire your cousin to run your business. they run it to the ground and "don't see it coming." You don't fire your cousin but instead give him more expansion and money to continue to run your business to the ground.
verylargeass - Ben has nothing to do with the government - other than controlling it's money supply. this is part of the problem. Most people aren't educated enough to know the FED is a PRIVATE central bank with only their INTEREST (punn intended) at heart., The dollar's supply is bassed on this idiot company's opinion whic is quite wrong most of the time. Please educate yourself on this (Ron Paul Channel is a good start.) No offense intended - most don't realize the FED isn't part of Govt.
Helicopter Ben is the PR guy for The Federal Reserve, not the government. There's a big difference! You make a good point though. Don't focus on Ben, focus on the gangsters who are pulling his strings!
He is clearly putting a positive spin on the probability of a financial doomsday but he can't say that out loud without causing a panic in the financial and real-estate markets and therefore piss off a lot of rich fat-cats in America.
Was wrong? "Was" is past tense, this guy is still making a career out of being wrong. But he does not have to be objectively right, only a good puppet to his controllers. At least Pinocchio had an interesting nose to watch, this guy's lies get really boring. AUDIT, ABOLISH the FED now!
It is interesting to watch people who are in total resistance to reality they minds are not flexible enough to accept the change that is inevitable . Reset in the system has to happen it is the natural law of chaos and reintegration that will win .I f you are one of the lucky ones who have a pension get ready for a cold slap of reality .
Ben is a great economic advisor. Since he is consistently wrong on everything, you just have to do the exact opposite of what he said.
madass888 3 days ago
This has been flagged as spam show
The bernank is a computer program in the Matrix designed to protect the artificial money supply. But the program became self aware and wanted a world currency so it planned to destroy the $ and collapse the economy. However there was a guy 'The One' who was chosen by a growing group of freedom fighters to be elected as the new leader of the people. However many people were still plugged into the Matrix and did not see reality. But the one was ready to fight the machines and gain freedom back.
TWSceptic 4 days ago
This has been flagged as spam show
The Federal Reserve is a foreign owned private corporation and needs to be thrown out of the USA along with NATO, the UN, the Bilderbergs, the foreign owned Trilateral Commission, the foreign owned Council on Foreign Relations, the foreign spy agency called the Israeli Embassy, along with the foreign president....Obama.
altgeldrarities 3 weeks ago
Ben the dumbest smart fucker on the block. Of course he is an academic so what do you expect.
jvetter713 2 months ago
Ron Paul should play these statements before questioning Ben at the next subcommittee hearing.
machaeroguy 4 months ago 2
This vid should be about 10 hours long if you are to be inclusive of everything he's been wrong about.
pretorious700 4 months ago
Bernanke is the perfect example to illustrate that an academic and an intellectual are not the same thing. To be an intellectual, you have to THINK.
-jcr
NSResponder 5 months ago
Another thing Bush and Obama have in common (Ben B)
kckid2112 7 months ago 3
This man is going be rolled in tar and worhless dollar bills, kicked down the street and thrown into the river.
Rechbert 8 months ago
@Rechbert one can only dream however reality tell us otherwise the upper ups get a get out of jail cards
=(
bucolic1 7 months ago
This has been flagged as spam show
Ron Paul 2012
Kavenger11 8 months ago
What in the world do we export in this country if most of the jobs are overseas?
dbs2010 8 months ago
@dbs2010:
And how in the world do you expect jobs to not flee overseas when the wise philosopher politicians are suffocating the market with endless regulation, bureaucracy and barriers to entry into the market?
Akatam0t0ma 8 months ago
This has been flagged as spam show
im a hip hop artist, i produced a song called "Audit the FED". just type that in with J.Skillz. i'm taking the truth and politics to my music. It needs to be spread. I'm very informative and I'm also very passionate about my art and I want to share knowledge. POWER IS IN THE PEOPLE! Go check out my video, promise you, you won't be disappointed.
jskillzis4hh4 8 months ago
I lost all my RE investments due to following your smart advices Mr. Bernanke ! smartest of smartest Bernanke brought this country into depression.
PalmBeachSOS 9 months ago
NUUUUUUUUUUUUUUUUUUHHHHHHHHHHHHHHHOOOOOOOOOOOOOOOOOOO... IM GOING ALL IN NOW ON REALISTATE THANKS MR. B.
Nathan21122012 9 months ago
"Ben Bernanke was Wrong" as if he ever is right. He's such a tool.
machwon 9 months ago
You can fool some of the people all of the time, and all of the people some of the time...
That's usually enough to make a killing in a democracy!
swiftysmithuk 9 months ago
The good thing is, even if Ben is wrong, he can always redeem himself by printing more bucks and throwing them sky high from his helicopter.
betover68 9 months ago
This has been flagged as spam show
"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others" — Ayn Rand
notbestfriends 9 months ago
Gosh, how does this guy face his children?
yjfoo23 9 months ago
Donate to Ron Paul's campaign May 5th!!! Ron Paul money bomb! May 5th. :)
MatthewDZak 9 months ago
Should have ended this with Peter Schiff saying "theres going to be a recession and its not going to last quarter but for years"
NicosMind 9 months ago
americans you are very stupid people ! everythink in amerika is on credit ! how tolerate this
michaelfitness88 10 months ago
Well, if "Bail-Out" Ben was referring to the upper 0,1% of the USA economy then, yes, he was right: things improved for them.
Burdell22000 10 months ago
Wow. UNREAL! Thanks for putting this together!! There just lying in our faces! And I don't blame them! So many people don't care ! Thanks again for awakening me!
Xxd3cayxX 10 months ago
blah blah blah energy crisis blah blah inventory of unsold vehicles blah blah dont worry blah blah go back to sleep blah blah blah
TheAngryarchangel 10 months ago
Ben Bernanke is a idiot.
cashfornothing 11 months ago
@cashfornothing ... no, not an idiot ... an evil, lying, bastid that should be put up on the pike!!
Pappione 10 months ago
Oh ya Ben, something has never happened before therefore it must be impossible. What an idiot.
mason72518 11 months ago
In my Teens i had One night stand with Mariabartiromo...you know what she keeps her finger inside Butt hole. Often during sex.I dont know why
xanaduisfaraway 11 months ago
Buy silver ruin JP Morgan !!!!!!!!
alex630710 11 months ago 2
END THE FED....RON PAUL FOR PRESIDENT 2012....PETER SCHIFF FOR SENATE
petiemac24 11 months ago 13
throw him in jail.
streeser1 1 year ago
he is do gay,and a murderer too..how many children die from hunger,world wide because of his insanity..But everything will be revealed and you will be judged and thrown in jail.
streeser1 1 year ago
Fluck you Ben! You are responsible for inflation here and abroad. Tell the truth for a change!
Bmx33606 1 year ago 2
my friendly feds, would hate to see you blindside us..
lets have a peaceful countdown and roundup
of those who have defiled their own policies
one,,,two... oooh i can see
what you mean
/watch?v=fFQPxIdNVNM
people are taking belts and not regurgitating buckles, in the end.
ePhilosopher9 1 year ago
This has been flagged as spam show
"Well, first of all the Federal Reserve is an independent agency, and that means basically that there is no other agency of government which can overrule actions that we take" - Alan Greenspan
J1NX1337 1 year ago
This guy is literally the chairman of the federal reserve.
Redfingers 1 year ago
Ben Bernanke = Chairman of George W. Bush's Council of Economic Advisers
Enough said. This video is redundant.
olmscheidr 1 year ago
Bernanke should be arrested and executed for his actions.
TIKIMAN198 1 year ago
Notice the Fat Lady sitting behind bernake @ 4:23....... she looks like she's been doped up with Ritalin
buzzz121 1 year ago
WHY WHY WHY ONLY 38,000 SOME THOUSAND VIEWS!?
THIS VIDEO SHOULD BE IN THE MILLIONS!!!
lovedalord88 1 year ago
Anyone else notice how Bernake talks so timidly, it's like he knows EXACTLY what's going to happen but is extremely timid and nervous about spewing his lies.
SeppLainer 1 year ago
This guy runs our FEDERAL RESERVE BANK, and look how many times he was wrong about our economy since 2005. It's amazing that we purposely elect bozos to run our country from GREENSPAN to BUSH to BERNANKE to OBAMA.
MarketsandPolitics 1 year ago
fantastic compilation!
redrajani 1 year ago
This has been flagged as spam show
Bernanke wasn't "wrong." He is purposely deceiving the people. I don't know how you could get to that position and still be ignorant. I think it's impossible. We are purposely being mislead. Central bankers do that - they have to to perpetuate their scheme.
callforfreedom 1 year ago
damn man its like the medieval catholic orthodoxy, preaching in latin so people don't understand what their hearing, same hear, using useless economist jargon, useless because hez addressing the public who i doubt many understand what hez saying, to further keep the people in darkness.
madscientistify 1 year ago
Once again, another bubble-boy neglecting the cries of real world economists.
Wheres the outrage?...ooh thats right, Americans are lazy, overweight, naive and overly medicated, so it makes complete sense why nothing is being done.
jpg8700 1 year ago 5
FAIL
omarabdallah92 1 year ago
Fucking lying sack of dog shit... What do you make a year? $285,000 ? Your good what the fuck do you care....
When in doubt... Print em out right ? Isn't that your slogan?
mvadinan540 1 year ago
4.27 That is a man in disguise!
Hitchinian 1 year ago
Can someone please tell me there is some kind of missing context. This is a little sad. Then again, pretty much no one but Peter Schiff and Dr. Doom predicted all of this.
Wormtail81 1 year ago
@Wormtail81
yep, if they had koolaid all day long. Otherwise check here h t t p://worldcrisis.ru/crisis/224779 Highlight the red text, right-click and choose "Translate with live search", from Russian to English. Pay attention when the book was published. Long before you heard the name Peter Schiff.
ktougodno 1 year ago
Bernanke is either a complete idiot for not seeing it coming, or an evil genius for precipitating the whole thing. Either way, he's not fit to be the chairman of the Fed. He's done everything he can to ensure that you, me, and everyone we know are in poverty. What an assclown.
gblpst81 1 year ago
There are still those who scoff at the idea that this man is an economic ignoramus.
JiveDadson 1 year ago
Who's afraid of a little froth? Not me.
tttar 1 year ago
evil jew
ariesas 1 year ago
Truth is vilified (Peter Schiff), while lies are praised (Ben Bernanke).
LibertySole 1 year ago 5
Peter Schiff and Ron Paul was right!
bjarnet3 1 year ago 29
FED is creating a Bubble which is going to BURST BIG TIME & LOUD...
FED is Gangster , Mafia , Terrorist.
Just like Bush & Cheney who planned 9-11 in Saudi Arabia , so they can control the Iraqi Oil, FED is planning how to Kill US$ and make American Poor. Just
Watch Oil prices and every day stuff is going to shoot up.
China is driving cars and our kids will drive Bi- Cycle in future.
SAD SAD !!!!
aasyed66 1 year ago
this rat fuck knew what was going to happen then.
FreeMMOGameReviews 1 year ago
It's amazing how this man still has his position
rmccay88 1 year ago
@rmccay88 Well, because all is local, and at the neighborhood level, the kind of people who would change things, can't get elected--again, at the local lever--things have to sluggish along as they have, . . .
phillipgaley 1 year ago
@rmccay88 the reason is he is a zionist.
catalinaguerrero 1 year ago
bubbles ben has the most dead eyes I have ever seen, he is a puppet, a robot, a tool of the elites, do the opposite of what he says and you will go far
straty01 1 year ago
Maria Baritoma is such fucking moron.
bajoverga 1 year ago
Ben Bernanke was right .
IisusChristos 1 year ago
Ben, Ben, Ben, didn't your mother teach you not to lie to people?
zombiefan4lighfe 1 year ago
I wish ron paul, peter schiff or rand paul become president and put you in prison.
hyylo 1 year ago
What plant are you on..
247News1 1 year ago
FAIL
dimahot777 1 year ago
He isn't lying. He's a Keynesian so he doesn't understand anything. Keynesians are to economics what witch doctors are to medicine. By their reasoning, if there's a lot of spending everything is awesome.
underdg22 1 year ago
@underdg22 Printing, borrowing, spending to create surplus, and interest rates at or below zero is the Keynesian way of life. Moreover, if a Keynesian had a hangover, his solution would be similar to that of inflation: drink even more alcohol, or, regarding inflation, print more money. Insane!
mattius83 1 year ago
@mattius83 Exactly. In my research I've found that the real theoretical flaw with their approach is a failure to consider time which causes them to ignore savings. To them, total income equals total spending which is only true for a set moment. Once you consider time, it becomes clear that how much money gets devoted to spending vs saving really just affects the nature of production, more savings means more expensive and efficient methods of production. Food for thought anyway.
underdg22 1 year ago
This guy doesn't know anything, he knows only how to print money, this is what he does for a living, everything he has said for months it's a lie, he has never gotten anything right, why do people even listen to him ? Why does he run the FED? Why does he come on TV show ? What a scam...
marcinbarto 1 year ago 2
this stooge is as bad as greenspan proved to be.
NATOvsENEMIES 1 year ago
A great deal this fellow has been given he's old job of creating more bubbles,what joke if wasn't for real.
steigerpower 2 years ago
There is no mystery to projecting the pattern of failure engendered by any purported economy subject to interest.
As interest multiplies debt in proportion to a circulation, ever more of every existing dollar is dedicated to servicing multiplying debt, and ever less of every existing dollar can be dedicated to sustaining the commerce which is obligated to service the multiplying debt. Everything around you can be understood from the obvious consequences.
chelonia1663 2 years ago
Somebody please just put a monkey in his place, it probably could do the same job this guy has done!
miskhr 2 years ago 3
Comment removed
ERROLCUSTERFLYNN4EVR 2 years ago 2
@ERROLCUSTERFLYNN4EVR
Berdork
GodorScarecrow831 7 months ago
This comment has received too many negative votes show
Just to play devil's advocate, though, what's the alternative response to a credit crisis like this? To let banks fail? Limit liquidity, cut off even more credit to struggling small businesses, strengthen the dollar and make our exports less competitive? While I agree that these guys indulged in irrational exuberance and contributed to the bubble, isn't it sort of hypocritical for people who profited from speculative investments to bitch and moan about low interest rates after the fact?
zombiesoiree 2 years ago
Fair points. It is one thing to recapitalize some failing banks, another to extend them 0% credit indefinitely with $ either printed or transferred from institutions/banks/people who did not go bankrupt. It's a huge wealth transfer from the productive to unproductive. Gov bail outs create a moral hazard as depositors continue believing their bank is solvent. I-banks now make the same investments as before, same leverage, but have an implicit guarantee against failure. Devaluation=inflation.
MarcusCMarcellus 2 years ago 28
I agree. The question is whether this sort of inflation is sustainable and/or useful in the short term. Historically, currency manipulation like this pulled economies like Japan out of the Great Depression (see Takahashi Korekiyo). It hurts in the short term, tho, if you're on a salary (and not selling a commodity). Don't forget: inflation is a good way to devalue debt, which is why the Chinese, Japanese, and Saudis absolutely hate us right now. So, I think a bit of inflation is smart--for now.
zombiesoiree 2 years ago
All that being said, it's clear that low interest rates during the 90s helped create this crisis. Let's not forget that financial sector deregulation is also to blame, as well as corporations suppressing wages and salaries against rising inflation since the 70s. When looking at US/UK debt reliance, we also have to ask *why* we were all so debt reliant! Blaming the banks and gov't alone is like blaming the alcoholic's enabler. It's also a consequence of globalization = lower incomes in the USA.
zombiesoiree 2 years ago
@MarcusCMarcellus Yes, let the banks fail. If that had happened, most of the turmoil would be behind us now, and people would be working. There would still be un-repaired damage from the mal-investments (unneeded real estate, etc.), and the outright fraud that the banks committed, but the remaining good capital would now be in strong hands. Instead, the companies are still being run by the bank criminals, who should be in jail, and by the politicians, who deserve no better.
JiveDadson 1 year ago
@zombiesoiree your problem is that you dont know what credit is and where it comes from. you cannot create credit from nothing, it has to come from savings, so when you print money you are not creating new credit you are simply diluting existing credit and stealing from one group and giving it to another. the fed should not bail anyone out, but they also should not have created the problem in the first place, two wrongs dont make a right, we should simply abolish the fed and end it
slickbtk 1 year ago
@zombiesoiree He had time to act responsibly, but he didn't. The point of this video is that he's clueless. He still could act responsibly, but he won't. What he's created now is 2008 on an even grander scale. We still have insolvent banks and he's going to have to bail them out again. We're on an unsustainable path and need to change, not keep heading faster toward the cliff.
ItsAllAboutGuitar 1 year ago
@zombiesoire "You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."
HuggumsMcgehee 1 year ago
@zombiesoiree Just so you know, I'm not THAT well-versed in economics, but that quote is my usual response to people who say "what are we supposed to do? Let the banks fail?" We could keep going and ruin everyone or stop and ruin only a few.
HuggumsMcgehee 1 year ago
@zombiesoiree Yes, I agree with you that we all have benefitted from the speculative economy...so now we should all atone for ours sins and be ready to share with others our profits...and start a new system again..butt the old one HAS TO FALL DOWN..otherwise the problem will just become bigger and bigger and the solution...dramatic... ..Now the question is : Are we ready to give up this system for a better one..if it means we have to start from scratch?
sureshvara 1 year ago
@sureshvara What you are really asking is: what comes first, American Civil War 2 or WW3?
WarmongerWW3 8 months ago
@zombiesoiree Responding to the crisis without recognizing the cause is the problem. Easy money created a massive money supply, which when the bubble pops leaves too little money left. That is why your limit liquidity statement is the correct one just way too late. One person should not set the savings rate of the free world.
lmtyamd 1 year ago
@zombiesoiree Forget speculators, how about Mr. Average, how's he making out?
lovedalord88 1 year ago
@zombiesoiree Given that the Fed was originally created to address panics / speculative bubbles, I think the real answer is to abolish the Fed, the experiment failed. If that mean allowing banks to fail, so be it. Allowing the Fed to print more money to paper over the problems only means it will be worse the next time around. And the next time we might not have a say or choice in what must be done.
jlenski 1 year ago
@zombiesoiree too mnay negative votes? well how many? you tell how many good votes, you fucks...
LSP570 1 year ago
@zombiesoiree The response is to let the banks fail. No one is going to lose any dollars, but anyone holding dollars will lose their purchasing power. He needed to, and still needs to, raise interest rates considerably. Then savings would increase and create the capital necessary to grow small businesses. What you have backward is that business growth comes from credit. If that were the case, our economy would be booming today.
ItsAllAboutGuitar 5 months ago
@zombiesoiree You let bad investments make the returns they deserve. Otherwise the tax payers have to make them good, is that any fairer. If the bank fails another will replace it and they'll be more careful next time. You cant have capitalism without risk of losing money or people just waste money
ricochetVendetta 5 months ago in playlist $$$$$$$$$$
His crooked lying guilty eyes reflect his crooked lying guilty soul. But he is not the only one; his lying criminality spreads out to his swarm of cronies, and upwards to the very top. Wickedness in high places in Babylon, which is about to fall.
Sqaaak 2 years ago 3
The FED was trying to solve problems it created. The FED created the housing bubble holding interest rates artificially low for too long, and then was fast to act in bailing out too big to fail. Thank goodness there are some honest politicians in Washington putting the pressure on you Bernanke, appeasing to whoever is in majority at Washington with unlimited expansion of credit. The FED devalued our dollar 95% since 1913.
"the fundamentals of the economy are sound"
-Ben Bernanke 2007
AProbableAnomaly 2 years ago 2
why do you use time on stupid FREAKS like Ben Bernanke in usa cant you see he is just a criminal
Hopeininternet 2 years ago 4
i'm only here 'cause some list marking "the 100 greatest thinkers of 200)" put this asshole on the top....they also put the POPE over Richard Dawkins so u know.
and Dick Cheny was 13
RaistSaysAlkisensuc 2 years ago 4
That magazine loses credibility putting Bernanke on the list. I am glad to see other media being critical of Bernanke
AProbableAnomaly 2 years ago 2
Whether he is an idiot, or a liar, I don't care. What I want is an end to the Fed, The Federal Reserve building demolished, and Ben Bernanke in the unemployment line along with the the millions of Americans whose Jobs he lost!!!
RRbattlefield 2 years ago 4
He is the biggest idiot and liar I've ever known!
DreamWalker886 2 years ago 3
Kill Bernanke !!!
wanadoeda 2 years ago
Seeing this guy just makes me angry!!!!!
smasila 2 years ago 4
Change the title of this vid. You're being to kind.
Bernanke wasn't wrong. Bernanke was lying through his teeth!
TheEditorialist 2 years ago 57
I agree with you. The title was a spoof on the "Peter Schiff was Right" videos that were made with people laughing at him.
MarcusCMarcellus 2 years ago 19
@MarcusCMarcellus its not as popular, for some reason no one cares much that bernanke is so wrong every time he speaks. He wont be really wrong till he runs out of money
ricochetVendetta 1 year ago
@TheEditorialist I agree. Ben is the "smartest guy in the room" he knew exactly what was going on. He just lied his face off.
Bfisher14 1 year ago
motherfucker
peacenotapartheid 2 years ago 4
"The fundamentals of the economy are sound."
- Ben Bernanke 2007
lol. That's all we need to know! The chairman of the FED's assurances about the results of what the FED did. Or at least what he can recall from memory about their secret meetings! haha. now THAT's transparency! lol.
Please help support the Federal Reserve Transparency Act! (senate S 604, house hr 1207)
Our representatives have the right and responsibility to audit the Federal Reserve!
LibertyAndJustice4U 2 years ago 3
This is a must see video. I can't read the guy's mind, but my sense has always been that Bernanke is a lying frontman for the crooked central bankers. His voice trembles all the time and he also seems to have some sort of mental issue. I think that those who know him well probably know worse things about him than we do.
LisaJ4Liberty 2 years ago 2
Come to think of it: Obama wants to give Bernanke more power.
dlmaniac 2 years ago 2
gold was at $642?
damn.
TheLiberalssuckdick 2 years ago
he is insane
banjojambo 2 years ago 4
"he is insane"
Yes, I don't think that's an overstatement. I get the exact same feeling.
LisaJ4Liberty 2 years ago
they are not Jews. they are Jewish Intellectuals AKA Neo-Conservatives, who don't give a shit about the Consitution, who want to dominate and exterminate all the muslims from the middle east so they can have their land back.... why do you think their families push their kids to go to top colleges and not experience da marines to become "Chicken Hawks"? i never met a poor Jewish American and i don't blame the entire jewish people. its a small group who try to get what they want. NOT ON OUR WATCH
moctezuma112 2 years ago
lol all the lies are coming out!!
mlbourgeois126 2 years ago 5
Good predictions there, Notradumbass
ZuzoFriend 2 years ago 42
5***** video. Favorited.
But perhaps a more accurate title would be, "Bernanke Was Lying."
jmho
TheEditorialist 2 years ago 7
Of course he is lying. Did you know that Greenspan aligned with the Austrian School before becoming chairman? Look up the article Gold & Economic Freedom from 1966. There is no reason to believe that Bernanke doesn't have the same free market knowledge. He is a very astute guy, despite being a corrupted sack of shit.
ManInTheBox0784 2 years ago 5
its good to know that our economy is in his hands.
skliros 2 years ago
Screw Schiff for Senate... Schiff for Fed Chairman!!!
Thrice13 2 years ago 2
Schiff would shut the Fed down, they would never appoint him as chairman.
surprise1982 2 years ago 2
"Schiff would shut the Fed down"
Exactly! :)
Thrice13 2 years ago
ben berwanke is fuck
intercourseman69 2 years ago 2
Thank God for the Internet. The Democrats (Liberal Fascists and Socialists) were able to lie their way through the Great Depression but that isn't going to work anymore.
We have the internet now. When the collectivists lie we broadcast their bullshit to millions of viewers. When they attack our protesters (like FDR did) we broadcast it with Cellphones. When the Communist News Networks and Activist Press issues propaganda we broadcast the unedited version.
It's not working anymore assholes!
thomaserossi 2 years ago
Pretty unlikely scenario that we would not go into a recession due to a housing bubble. My God! WHY the HELL is this man still even employed? Incompentance reigns supreme. Pres. Obama better tell this man to kick rocks in 2010 and exit stage left. We are NOT in a recovery folks. Watch and see.
truesincerity757 2 years ago
it amazes me how nearly every word that comes out of his mouth is completely wrong.
ultragalaxydeath 2 years ago 4
why does it suprise you that he's wrong about everything, he works in the government.
If you work in the government your either a lieing or in denial.
McDicker96 2 years ago
What a joke. And now these clowns want more power.
SPVTrading 2 years ago 8
Tom Woods writes about "the absurdity of referring to our present system as a 'free market' one:" "... a Soviet commissar [a Fed Chairman] in charge of money and interest rates amounts to something like the opposite of the free market ... the economic distortions he [a Fed Chairman] causes cannot, therefore, be the fault of the free market." We will NEVER have a free market with these manipulators and bubble-blowers (The Fed) around! END THE FED!
aelbar2 2 years ago 6
His statements were vague, not based on any data, SO HE LIED!!!!!!!!!!!!!!!!!! unbelievable.
marnus9809035 2 years ago
How can this guy still be chairman of the Fed? He should have been fired ages ago.
nabun 2 years ago 4
This man has trouble forecasting 3 months backward, let alone forward.
I don't know why people still even listen to him. He has zero credibility left at this point.
Ben, please resign while you still have some dignity left.
incyphe 2 years ago
We all are very busy just working and trying to live and survive. Unfortunately, we don't have the luxury of having hobbies, but instead have to educate ourselves to reality. I suggest taking a community college class on Macroeconomics and pickup a book or two by Ludwig Von Mises. You will pretty quickly see darker days are ahead for the USA.
thewayoutofdarkness 2 years ago
Oh don't take a course on macro in college... that's what Bernanke did and look what it got him!
Just read the Mises, skip the course work! lol
Seriously... college macro is for fed chairmen, it's not for real people because it's not real science.
rhysqqq 2 years ago 3
Steve LIESman, Screech Barfiromo, Ben "The Beard" Bernanke.... what a clown show. Why in the world is Ben Bernanke reporting from the WHITE HOUSE? The Federal Reserve is NOT the government.
MiserableDeath 2 years ago
This should be renamed to "Ben Bernanke Lied".
bdog111 2 years ago 2
End the Fed!
banemaler 2 years ago 3
Bernanke was not wrong! He was doing his job by keeping the bubble growing as long as possible so his cronies could steal as much as possible!No he is not wrong........he is LYING!! He is a criminal of the highest order........much worse than Bernie Madolf.
buddcinder 2 years ago 6
i always thought he sounded nervous, now i know why...
bowtie728 2 years ago
Actually Jewish people are a minority in the media-especially in Hollywood. America isn't involved in the Middle East because of the "Jews". Israel was established as part of the Anglo-American Empire's base in the Middle East. I just think you're missing the bigger picture by making it a "Jewish" thing and not an elite socioeconomic class which involves many types. People just might think you're anti-Semitic.
ahafansince1985 2 years ago
HAHAHAHAH!!! Steve Liesman continues to LIE and Bernanke continues to be clueless when it comes to economics! LOL! What a joke! CNBC and Bernanke you are both going down!!
bigdad06 2 years ago 2
Just because some Jews are in the top echelon of the Reserve doesn't make things a "Jewish Conspiracy". It means those people, who happen to be Jewish are involved. It doesn't make every Jew part of the conspiracy. Look at what some Jewish leaders did in Germany when they sold out a lot of their Jewish brethren in WW II. It's not about "Jews". It's about money and power.
ahafansince1985 2 years ago 2
Yes, it's happening right now but it's not the "Jews". I know plenty of Jewish people that are in the patriot movement and by disparaging all Jews, you lose your credibility. There are Jews, Catholics, Protestants, Blacks, Whites and a whole assortment of elite that are trying to destroy the sovereignty of our nation.
ahafansince1985 2 years ago
You're a real fucking idot. Jews Destroy Nation? Piss off.
ahafansince1985 2 years ago
What I do not undertand is if the Government and the Federal Reserve "pushed" for certain Corporate CEO's to resign WHY IS THIS PERSON STILL RUNNING THE FED. He had nothing right. Talk about poor leadership. Peter Schiss knew about it and preached it for years. You should have listened Bernake. Or did you really know what was happening and your puppet masters were making a bundle on the coming economic downturn. You disgust me.
Traveler2112 2 years ago
you mean Peter Schiff
EdMan2012 2 years ago
LOL Yep I do. Fingers failed me.
Traveler2112 2 years ago
Not an idiot ... a trader traitor!
llandshark 2 years ago
Nice Job! It's about time someone made a video like this. I would send this to CNBC.
ozixly 2 years ago
Get rid of this guy. Why do we allow the Fed to do what they do with "our" money. The Fed and company are a bunch of idiots when it comes to protecting the interest of the American people. Fire him and the Fed. Get rid of them now. They are worhtless and making this country a laughing stock of the world.
czubspenx 2 years ago 3
idiot
dukeofpuddles 2 years ago
he is not an idiot! He is a pawn in a global chess scheme to destroy the United States from within. It is happening now and Swine Flu, will be the final draw to global powers through forced vaccinations and the final sell out of the United States citizen. WAKE UP!
marcusjansen239369 2 years ago 3
I love it..
You hire your cousin to run your business. they run it to the ground and "don't see it coming." You don't fire your cousin but instead give him more expansion and money to continue to run your business to the ground.
gold95 2 years ago 2
Liar, liar, pants on fire.
john1230 2 years ago 3
verylargeass - Ben has nothing to do with the government - other than controlling it's money supply. this is part of the problem. Most people aren't educated enough to know the FED is a PRIVATE central bank with only their INTEREST (punn intended) at heart., The dollar's supply is bassed on this idiot company's opinion whic is quite wrong most of the time. Please educate yourself on this (Ron Paul Channel is a good start.) No offense intended - most don't realize the FED isn't part of Govt.
ruthere214 2 years ago 2
Don't shoot the messenger Helicopter BEN is JUst the PR guy for the governmnent...
verylargeass 2 years ago
Helicopter Ben is the PR guy for The Federal Reserve, not the government. There's a big difference! You make a good point though. Don't focus on Ben, focus on the gangsters who are pulling his strings!
osiris7066 2 years ago
He is clearly putting a positive spin on the probability of a financial doomsday but he can't say that out loud without causing a panic in the financial and real-estate markets and therefore piss off a lot of rich fat-cats in America.
anthonymaw 2 years ago
OMG what an IDIOT.. he deserves a great Government Pension and Obama Care.. get out your check book
aceyorba 2 years ago
He is so clueless it is scary
vince8520 2 years ago 2
Was wrong? "Was" is past tense, this guy is still making a career out of being wrong. But he does not have to be objectively right, only a good puppet to his controllers. At least Pinocchio had an interesting nose to watch, this guy's lies get really boring. AUDIT, ABOLISH the FED now!
frank222k 2 years ago
It is interesting to watch people who are in total resistance to reality they minds are not flexible enough to accept the change that is inevitable . Reset in the system has to happen it is the natural law of chaos and reintegration that will win .I f you are one of the lucky ones who have a pension get ready for a cold slap of reality .
banjojambo 2 years ago
You believe him and caught in the burst of the bubble!
Now he is saying the economy is recovering! And likely you will believe him again! You are so forgetful and you never learn.
Message to all investors!
LeeKwangEng 2 years ago 2
why should anyone give him credit he has no idea whats going on
ajguzzo007 2 years ago
how can you keep a job.. at central economic planning when all you plan is wrong........... ron paul is right.. let the free market work
freekrolik 2 years ago 2
Really Ben? Really?
dreamwhileyousleep 2 years ago
How many strikes was that -- I lost count; and he's still not out?
leafwatch 2 years ago 2
He is so painfully clueless I almost didn't laugh.
Schmauey 2 years ago 2