It's good to here people on the left agreeing with libertarians on the issue of monetary policy. Sanders, Kucinich, Nader, and Paul are on a similar page on this fraudulent scam called central banking
i am english learner from japan. i am interested in this video, but i can't figure it out by my english competence now. Could anybody do me a favor to translate it in english words and upload the translation-article here.よろしくお願いいたします。
hes not in charge of fiscal policy ie government intervention, which was used in distorting the incentive structure that AIG had. thats what caused the depression not Benanke
We aren't recovering, we're sinking, just most people don't realize it.
Watch Peter Schiff's Mortgage Bankers speech in 2006.
The real fundamental reason we had this crisis was because of excessive credit growth from low interests rates, and the supposed solution to the problem is the cause of the problem.
"Inflation adjusted, the gold price has been hovering around what it was back in 1914."
How does this square with you comments about the instability of gold?
Your comment makes my point. Gold is a hedge against inflation. Why would i want to earn a wage paid in currency that losses its' value, as opposed to gold which, by your own admission, has main tained its' purchasing power relative to 1914.
You need to factor in the costs of controlling the governments of the oil producing countries. Any country that trie to move away from the dollar gets sanctions and wars.
The banking system is a fraud. It allows banks to earn interest on money that was created out of thin air, and is in no way ties to goods available in the economy. If everyone's bank account was doubled tomorrow, it would effect prices only nominally decreasing the value of each dollar.
This system is great, provided you are not a regular person that works their whole life at a fair wage, only to have your savings stolen through inflation.
China cannot redeem dollars into gold, the gold window was closed by nixon in the early 70's.
The dollar being backed by gold was the reason it became the world reserve currency.
Gold has maitained its' purchasing power for thousands of years, that dollar has lost 94% of it's purchsing power in 100 years.
Say in 1913, you said the fed is a bad idea and stored your wealth in gold, instead of dollars. $100 equaled 5 oz of gold. Today the 5 oz of gold is worth about $5500.
So paper redeemable in nothing, is better than paper redeemable in gold?
You miss my point, it is the governments job to coin physical money, not print paper money.
The greatness of the current system is based on the ability to create money with no backing, and to force people to use it. This system allows for wealth transfer, without people understanding why.
Note: When gold and silver were money, we also had bi-metalism, which fixed the exchange rate between gold and silver.
At a minimum i would like transparency in the system. I am not asking to be the central planner of the economy, i am saying central planning does not work.
Going forward:
1. there will be no recovery or
2. recovery will entail a readjustment of prices to meet the reality of all of the new money in the system. This will wipe out savers and creditors to the benefit of consumers and debtors. A system based on consumption and debt will fail in the end, and is not based on reality at all.
So, can you give me an example of an economy not designed, not run and not sustained by a government which doesn't have a purposely maintained artificial equilibrium?
The middle to late 1800's in the us.
Since 1913, however, the fed has inflated away 94% of the purchasing power of the dollar. This has been a silent tax that has allowed for the warfare/welfare state to grow to the current size. We have between 40 and 80 trillion dollars in unfunded liabilities and 12 trillion in debt.
The constitution give the federal government the power to coin money and prohibits bills of credit. So in reality, the federal government has given to the federal reserve power and authority not granted by the constitution, the power to create money out of thin air.
Tell me where in the enumerated powers in article 1 section 8 of the constitution give the right to the federal government to manage the ecoconomy?
The nazi were the national socialists. They believed in strong government control over the economy. How does this relate to free markets?
So since we can not get fair distribution of wealth, government needs to step in and control take care of this. Where does the us rate on wealth distribution?
You make the assumption that a system based on "selfishness and greed" could not produce a superior system.
So to protect us from our own selves. We should give all power and authority to the government. Which also means all 300 million of us individuals have to suffer under this corrupt and criminal system, and no alternative reality is possible.
You do not like Bernanke, but you like Carbon tax and eco-alarmism while nobody deals with actual ecological problems anymore, like Toxics and GM foods.....Cenk.... get your head straight man, drink some Shalep.
If you REALLY think that a FREE Market gives people an unfair (whatever that means) share of wealth created, PREVENTS competition, and is like a Concentration Camp (!), then I don't think there's anything than can be done for you here in the youtube comment sections.
Do some reading, keep exploring, and hopefully you'll know a thing or two about the free market someday. Until then, irrational and completely erroneous scare stories just won't do.
A direct comparison between the economic realities of the real world and of a computer game is absurd enough to self-defeat, so I won't even bother.
Everything about the free market is natural, unless the government interferes at all, in which case it is NOT a free market. Because we don't have a free market, because of government intervention, we DON'T have equilibrium, otherwise we wouldn't be in the middle of an economic crisis.
Imagine an evolutionary process in which randomly occurring mutations over billions of years were replaced with deliberate actions made directly in response to changing conditions. That is the free market.
Just as in evolution, the survival of the fittest applies, except in this case it applies to business practices and products instead of animals and genes. Any business that isn't able to provide the greatest level of satisfaction to customers is removed via bankruptcy. It is a perfect system
There's no such thing as a free market as long as human beings are apart of it. People will always try to control it whether they're private sector or public sector. We can only hope to make it beneficially strong with moderate control from a neutral party.
Haha, I'm afraid you're TERRIBLY mistaken. The government is NOT the free market! The free market is voluntary human interaction; the government is force.
Of course the economy is a human creation, because economies and markets entail human interaction. But not a natural order? I think not. The market is HUMAN nature, the culmination of humans acting naturally to secure their own ends through economic interaction with one another. The government can NEVER produce equilibrium, only the market.
Actually, those examples don't work at all. Free market equilibrium is more akin to an undisturbed ecosystem, like the Galapagos Islands.
The free market self corrects, it is ALWAYS trying to self correct. Ever heard of bankruptcy? That's the market purging itself of poor businesses. It's like the human body secreting phlegm or vomiting when you get sick.
The free market is just the culmination of unhindered and uncoerced voluntary human interactions. That is it.
Haha, no. I'm not a communist. I'd be against the government setting price controls and mandating price increases - it's all unnecessary, since the market always seeks equilibrium anyway.
Deflation would just result in an increased value of our currency. There's really nothing wrong with that scenario as long as the government doesn't try to force some needless compensation. As long as the market is left to reach equilibrium, it will all work out.
Well, Pres. Jackson took care of this issue one time when he abolished the First National Bank (I can't really remember the name of the bank right now, but that's close enough). Later, some other More-on came around and re-established it as the Fed. What the hell was that guy toking on when he made that decision. I could use some right about now for this nasty-ass cold I have.
If you REALLY want change for the better, then you should urge congress to END the Federal Reserve. Despite what people like Bernanke will tell you, the Fed's sole purpose is to shield banks and corporations from risk, fund an outrageous foreign policy, and artificially stimulate the economy to favor certain administrations, and in so doing it creates these monstrous economic recessions and depressions while simultaneously devaluing our currency.
You know what used to happen during the time between the 1830s and 1913 when there was no Federal Reserve?
The economy crashed. Multiple times.Once a decade at least.
Maybe the Fed (in its current incarnation) is not viable. However, HAVING a RESPONSIBLY run central bank is vital for keeping the economy stable, a safety net that prevents banks from making harmful decisions, and prevents them (and the economy in general) from collapsing.
The economy underwent minicrashes because we had fractional reserve banking, but at least the economy recovered very quickly. The Fed acts to protect the banks from their inherent insolvency by acting as a "lender of last resort", which really means that they will shuffle money around or print up enormous sums or it in such a way as to protect the banks from bank runs.
Unfortunately, the Fed's actions only prolong and compound the inevitable crash while devaluing our currency.
That was why, during the Depression, the Roosevelt administration had the banks consent to being placed under the rule of law: The laws that they had to follow were simple: All of the things that contributed to the crashes were forbidden. Only those that did NOT do any of the things that led to crashes were covered by insurance And what happened? There were no crashes between then and when Reagan deregulated the system.
Actually, Roosevelt didn't forbid what caused the depression. The depression was caused by fractional reserve banking and loose monetary policy at the federal reserve.
Look up the Austrian Business Cycle Theory - it has accurately predicted every recession and depression that we've had since, and including, the Great Depression.
And why are Americans still putting up with this?
These greedy people keep taking and taking. Their greed will be their undoing. When Americans have had enough, the bankers and their ilk are going to be in trouble.
I personally have had enough of their crap. However, most of the US has been seduced by all the nice little creature comforts and gismos. Until they get shaken out of their delirium and start to see this crap, it will continue. It also comes down to those people who think that if it doesn't directly effect me, then so what (and I know one or two of them). As Vogter2100 would say. DO PANIC!!!!!!!
Uhh Ben Bernanke was not the cause of this mess; the biggest part of this mess came from Wall St gambling on credit derivatives on exchanges that were not regulated. And is this guy stupid? A financial transaction tax would affect everybody because a lot of people have pension funds/mutual funds/ retirement funds that will get hit by that. I agree that a lot of the big financial institutions took the economy hostage and got their asses bailed out but a lot of them also paid the money back.
Get a grip, I bet its easy to blame all the systemic economic problems on just a few people right? The fed isn't single handedly responsible for you're economy's ills. What is currently transpiring cannot be reversed so stop with the Ron Paul shenanigans.
Keep living in lala land & be sure to keep your money in the safe banks & the "strong" dollar! You'll see where you end up for not understanding "Ron Paul's Shenanigans".
The Fed has existed since 1913. The economy had only completely crashed once between then and now. It has worked. However, it needs fixing. Supply side economics and deregulation has completely wiped out the real economy.
Eventually all good things come to an end. The U.S is still a relentless political power in terms of its military strength but we are transitioning into an era where military enterprises are not only obsolete but detrimental to the well-being of the state. This is the era of the dollar and economies now determine leverages of power. It isn't a matter of the American economic strength dwindling rather it is the international economy that has caught up to the U.S.
Change is in fact inevitable but it is never in our control nor is it for the better. A state's preservation lies in its ability to remain orderly and static. Obama did promise you change and he has lived up to his promise, the confusion lies in people's misconception of change with respect to the governance and preservation of the state. The duty of a statesman is to maintain and manage the status qua because the state functions adequately. To change unnecessarily is a lesson in futility.
You're either naive or stupid, change is a mantra used by people in power to stay in power so as to appeal to the public's fantasies. As for returning to a state before 2008, another fantasy, your economy was doomed from the get go. The fervent belief amongst Americans as regards to paying little to no taxes cannot reconcile with reality, the reality being that services from the state must be financed by taxes. This fundamental contradiction between convention and reality is you're own undoing.
Cenk, this is one of your better videos. It gets old seeing you bash republicans so much like MSNBC. You see, there is a lot of common ground between democrats and republicans. Like the foundation and robbery of our country. Maybe thats something the people could unite on.
It is a simple concept........Ben Bernanke is a crook and is part of the banking dynasties that run (or should that be ruin) America.....He was not appointed by Bush or Obama, the bankers appointed him. The politicians are merely there puppets. It has been this way for years. who you vote for is irrelevant, because unless they tow the line they will get blown away politically,......... or if need be physically.
Bernanke should know Medicaid and Social Security are not assets he can use to fund anything, but rotten apples. Both these programs have trillions in unfunded liabilities and are essentially bankrupt.
It's crystal clear. America is under a feudalistic system. Changing a few players around won't make a lick difference. Get rid of Bernake, a clone will replace him. Get rid of Geithner, a clone will replace him. All we're waiting for now is the revolution a la France 1700. Wait until the dollar completely crashes, and the carbon tax is initiated on top of that lol.
Jesus (Yeshua) is the Messiah! According to God, we are all sinners, and the penalty is eternal death in hell! The good news is that God loves us so much He sent His Son Jesus to die for our sins for us. Jesus was crucified and buried, but God raised Him from the dead. Jesus is YHVH, the Lord God. Confess your sin to God and ask Him for forgiveness. Call upon Jesus Christ and ask Him to be your Lord and Savior. You will be forgiven and will have eternal life by believing in Jesus Christ.
You will understand everything that they are doing is you turn the page up side down. or see is in the opposite direction of what they say they are doing.. And its not to better things... If they can destroy. They can control
Obama represents the status quo, on every issue. The real change would be to let the market work properly. Currency was born (and is strongest) in a free market. We should give it back to the market, ie PayPal has expressed interest in a competing currency if climate permitted. Look at the power involved in being chairman, is that something we really want the president to appoint to one person or even a group of people?
"The central bank is in a war against reality." - Thomas E Woods Jr
I agree w/ U that "currency is born(& is strongest)in a free(I repeat, in a "FREE")market"but, remember America went Bankrupt back(if i recall correctly)in 1913..so literally we don't have a "free-market" bcause we earn Promissory Notes( which is a promise 2 pay a promise 2 pay a promise, etc..) from a system we don't ever repay back too (& what we do will never be paid off bcause the interest rates R always been set 2 B unpaid to begin w/..a web really)but R quick 2 borrow from again & again...
BEn bernanke had to save the banks,since we allow them to be the leading power behind our economy.You can say *then shut them down*,but before you do that THINK OF THE MAJOR DOWNSIDE.Because 1 bank failed fucked up the economy on top of how it was fucked up with Fannie Mae and Freddie Mac.Now imagine what would happen if all the banks fail.Yea ok, lets give main street the money and small businesses;DO YOU THINK THEY WILL LEAD EACH OTHER MONEY,or keep what they have and spend it to gain more?
The Devil controls the Jesuits order, Jesuits control the papacy, the papacy control Jerusalem will remain the capital of Israel. GLOBAL ELITES VS. THE PEOPLE AROUND THE WORLD, GOD VS. THE DEVILS=GLOBAL ELITES THEY ARE ENCHOOTS=ALL WORLD LEADERS, THEY ONLY WANT 500 MILLION SLAVES
LOL..500 mil, huh..i knw..Perhaps then those slaves will build the world another gr8 wonder!! & Perhaps another Moses will have to come around to free them from the Pharaohs...lol but i agree w/ KamikazeKoscki though, perhaps ppl as a collective we all are G-d against these Devils
100% agreed browngod. until we topple this regime that is our government. we will never be free.
"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." Thomas Jefferson
for what? the same thing we always keep digging ourselves deeper into: Servitude, Gov't control(Police State) & the "all-too-famous", the hook, line and sinker of Security( Nowadays widely known as HomeLandSecurity)...And we all know that what the gov't takes away( of course as always taking advantage of the mass ignorance) it is always difficult and most assuredly NEVER grants back..
If you have a gov't issued license(s), ID's or Certicates(marrige, birth etc..)
You might as well acknowledge the fact that you are a TRADE NAME/ or in common speak, A SLAVE...To the STATE, GOV"T & INTER.Bankers...we are owned as in Chattle/Property & or plainly viewed as Collateral
well, all i can say is that we all should thank the ppl & President Woodrow Wilson for granting the Fed control of our gov't...& even F.D.R. for suckering us in w/ the whole S.S. don't cry now!! we forfeited our Freedom, Liberty & Prosperity...
It's not news that Washington and Wall street are corrupt. If you look in history, it's been that way for years. Republicans and Democrats, they're both the same. The only bipartisan belief it seems is greed.
The rich are rich because they are smart they know how to make money. Why punish them for creating jobs for the middle class? SO WHY THE HECK DO YOU THINK HE WOULD NOT WANNA TAX THE UPPERCLASS? The rich will ALWAYS be rich, Think about this The middle class creates taxes, The rich decided to create corporations. (If you get that last comment your probably rich hahahahahaha)
they're rich because they own the government and get money from the tax payers while the middle class which you think is doing so well continues to be raped...the rich...super rich anyway...are corrupt blood thirsty monsters that can only be dealt with if the people gain their government once again...at the moment the Fed which is owned by the lite bankers owns the Gov.
the majority of the rich have attained their stature through the exploitation of average citizens. it amazes me the mentality implanted in some who feel that there is nothing wrong with hording power
you think taxing commodities will learn em? you don't understand, these people already have all the wealth. it's all theirs. they are immoral too. no morality in the jew. they want the soviet union system. 150 million dead christians? jews don't care. illigitimet jew money doesn't get taxed. who runs the drug trade? jews. who runs the prostitution? jews. tax the farmer, take the oil man, take any commodity but do not tax the jewish comminist,
let me explain something to you. the oil prices were raised to tax the working class. bush tried to help the working class, it worked, all americans were becoming richer, but the wealthiest didn;t want that. they don't want the poor to have any buy power. they only want legacy wealth for a few families. those famlies can buy all the cars, all the cotton, all rubber, all the women. if they spent their money, the inflation would be insane. and that's how poor the people are. its like soviet union.
Bush helped the working class by getting us involved in Iraq, allowing the Fed to blow up a massive housing bubble, economically help to destroy the US....etc
Bush didnt try to help a fucking thing. The guy was a total idiot and he didnt run the show. Presidents DO NOT HAVE POWER. The money masters do. The people who run the banking system.
you do not realize that the president doesn't appoint the chairman. the people who appoint him are the ones who pick the president. bernake is not a republican. he's a jew. your view of republican's is nonsense. bernakie is what the democrats do. that is take the working mans money and create legacy wealth. whenever you tax commodities that's what happens and it is what is the intention of their taxes. they never intend to destroy class. they intend to destroy growth and dynamics. candy coat
Abolish The Federal Reserve System. Watch, on YouTube "The Creature from Jekyll Island, G Edward Griffin" . Wake Up America. The Federal Reserve is illegal.
Hi all. I know this is off-topic but some friends of mine came up with a good 7-minute video on why pot should be legalized. Take a look and if you think its a worthwhile video, send it to as many people as you can. Go up to the search bar and copy and paste these four words in: obama natural medicine Tylenol. It will be the first video that comes up.
It's refreshing to watch this asshole's confusion. Yes dummy, you got completely suckered by Obama and his change and hope bullshit. Now he appointed Bush's Fed chairman, right after he increased the war he swore to be against. Think about this. How many presidents from both parties used Greenspan? Riiiight. That's because the FED runs the Government, and they select the idiots to front it. It's just like professional wrestling. I thought this guy was in on it, but he's just another sucker. LOL
Hey jerk-ass! Are you waking up yet? Are you figuring out that all of these politicians keep the same players on the team? Do you think maybe that the FED is controlling the government? Bernacke is the reason we're so fucked right now. Change only a complete moron could believe in, and requires an even dumber person to believe in now. There is no left and right. These guys are all working for the same team. Stop thinking left and right. End the FED, and wake up Mr Turk guy here.
its astonishing to me how people still dont realize that corporate taxes really just transfer to the consumers through price increases. the problem isnt "where do we get the money for all this government spending." the problem is "the government is spending money."
if he was an expert on the great depreciation then he would suggest abolishing the fed and moving to the gold standard.
The banks and big corps. have taken over goverment.Now the run the country and they put forward to run for office in both partys so that no matter what on e of the own is in and they only care of there own intrest based on bussiness.Our intrest no longer matter we are bieng raped !What we need is a cap on campaighn money so that all people have a chance to run and not be taken over by greedy old basterds who only care about how much they can screw us over.................!
And by the way, Goldman Sachs will make TRILLIONS in the carbon trading markets. That's why there are fake global warming kooks. The hypothesis has been seriously disgraced by the 'professors' who cooked their books in making it up. They made millions in grants from governments and the UN to foment the lie. I have no doubt GS gave them a ton of money.
Why on earth are you acting so outraged, Cenk? He lied, people voted for him and now he's just paying off his masters. What's the big deal? If you want to do something now, either incite a revolution or form a third party. There is NO other way, all the political parties are now owned.
The ship is going down and these idiots are rearranging the deck chairs. Get rid of the Fed, vote out all the politicians, get informed, spread the word, write your nonrepresentative aka senator or congressman, get some strong 3rd party candidates, buy gold, dump the dollar, etc.
Maybe the US should pull out all their troops from every base in the world, cut government spending across the board. Sell off all the public housing to the current inhabitants and start paying off their debts. The US is practically bankrupt and owes huge amounts of money to Europe, China and Saudi Arabia. That's the only reason why the dollar hasn't collapsed completely (creditors are paid in dollars, of course). We witness the end of an Empire, the American Century is truly over.
I think the truth is there is no difference between Obama, Bush, or anyone else we will vote for. It's all about getting as much money as possible over eight years and then retiring. You want real change? Move to Canada.
we shouldnt be blaming bernake for causing this recession, it was obama and the liberals tax and spend policy that bankrupted us, and raised our defecit to record levels. bernake seems to understand that the rich isnt some money bag you can tap into whenever your high taxes and rampant spending ruin the country, the answer is to lower taxes, deregulate the market. and let the free enterprise flourish under freedom, not be strangled under obama's central planning communist state
It's good to here people on the left agreeing with libertarians on the issue of monetary policy. Sanders, Kucinich, Nader, and Paul are on a similar page on this fraudulent scam called central banking
mjbarrowful 7 months ago
Just get rid of the damn Federal Reserve. It's unconstitutional and needs to be abolished.
Ron Paul 2012
David12King 1 year ago 3
Very weird situation. I always thought that the USA was the owner of the dollar, and that they have the right to print it.
If the bankers own the Fed, why do you need the state?
A government who can not control his wallet can do nothing.
hopala007 1 year ago
bernanke only has control over monetary policy cenk, get your head out of your ass
bonfirejovi 1 year ago
We have always been serfs, they just let us pretend we are free so we don't pull a French Revolution.
needparalegal 1 year ago
i am english learner from japan. i am interested in this video, but i can't figure it out by my english competence now. Could anybody do me a favor to translate it in english words and upload the translation-article here.よろしくお願いいたします。
davicuiyahoo 2 years ago
hes not in charge of fiscal policy ie government intervention, which was used in distorting the incentive structure that AIG had. thats what caused the depression not Benanke
honjo294 2 years ago
We aren't recovering, we're sinking, just most people don't realize it.
Watch Peter Schiff's Mortgage Bankers speech in 2006.
The real fundamental reason we had this crisis was because of excessive credit growth from low interests rates, and the supposed solution to the problem is the cause of the problem.
Wcoltd 2 years ago
bilderberg club
june 6 2008
chantilly, virginia
obama
clinton
bernanke
geithner ...and more
see my and other people's videos
LLCoolPass 2 years ago
Comment removed
malma1 2 years ago
Obama Zombies out there, which are a joke to all of us that realize the true nature of what is happening.
You are blinded by reasons that are no longer relevant. Your Democratic? antics are ridiculous just as the counter Republican antics.
Its FAKE. These puppet parties do not run the country, no less the world.
RomeoMD25 2 years ago
Bernanke is immoral!! He doesn't care for ordinary people. He only cares for people in his circle which are the chosen few.
tcgmagenta 2 years ago
is obama on crack to initiate bernanke?
wateryskipper 2 years ago
"Inflation adjusted, the gold price has been hovering around what it was back in 1914."
How does this square with you comments about the instability of gold?
Your comment makes my point. Gold is a hedge against inflation. Why would i want to earn a wage paid in currency that losses its' value, as opposed to gold which, by your own admission, has main tained its' purchasing power relative to 1914.
wuastwais 2 years ago
You need to factor in the costs of controlling the governments of the oil producing countries. Any country that trie to move away from the dollar gets sanctions and wars.
wuastwais 2 years ago
"Look at the euro, the yen and the yuan"
You do realize that japan and china are creditor nations, and the us is the largest debtor nation in the history of the world.
The value of the money is based on what can be purchased with it. The dollar is just above the all time lows of 2008 on the dollar index.
I mean we use gold, silver, etc.
In 1964 gas cost about 30 cents per gallon. Today the melt value of 3 1964 silver dimes is about $3.70. It has held its' value quite well.
wuastwais 2 years ago
The banking system is a fraud. It allows banks to earn interest on money that was created out of thin air, and is in no way ties to goods available in the economy. If everyone's bank account was doubled tomorrow, it would effect prices only nominally decreasing the value of each dollar.
This system is great, provided you are not a regular person that works their whole life at a fair wage, only to have your savings stolen through inflation.
wuastwais 2 years ago
China cannot redeem dollars into gold, the gold window was closed by nixon in the early 70's.
The dollar being backed by gold was the reason it became the world reserve currency.
Gold has maitained its' purchasing power for thousands of years, that dollar has lost 94% of it's purchsing power in 100 years.
Say in 1913, you said the fed is a bad idea and stored your wealth in gold, instead of dollars. $100 equaled 5 oz of gold. Today the 5 oz of gold is worth about $5500.
wuastwais 2 years ago
How will they print physical gold and silver?
wuastwais 2 years ago
So paper redeemable in nothing, is better than paper redeemable in gold?
You miss my point, it is the governments job to coin physical money, not print paper money.
The greatness of the current system is based on the ability to create money with no backing, and to force people to use it. This system allows for wealth transfer, without people understanding why.
Note: When gold and silver were money, we also had bi-metalism, which fixed the exchange rate between gold and silver.
wuastwais 2 years ago
At a minimum i would like transparency in the system. I am not asking to be the central planner of the economy, i am saying central planning does not work.
Going forward:
1. there will be no recovery or
2. recovery will entail a readjustment of prices to meet the reality of all of the new money in the system. This will wipe out savers and creditors to the benefit of consumers and debtors. A system based on consumption and debt will fail in the end, and is not based on reality at all.
wuastwais 2 years ago
1. The us is not a peaceful country.
2. Fiat money always leads to ruin because it can go to zero.
An independent cenral bank, like the federal reserve? That is laughable at best.
F. a. hayek won the nobel prize in economics explaining how the central bank causes the business cycle.
wuastwais 2 years ago
So, can you give me an example of an economy not designed, not run and not sustained by a government which doesn't have a purposely maintained artificial equilibrium?
The middle to late 1800's in the us.
Since 1913, however, the fed has inflated away 94% of the purchasing power of the dollar. This has been a silent tax that has allowed for the warfare/welfare state to grow to the current size. We have between 40 and 80 trillion dollars in unfunded liabilities and 12 trillion in debt.
wuastwais 2 years ago
More to the point. Why would you call what we have in the us "purposely maintained artificial equilibrium"?
Unless the purpose is to maintain control of the system of money and use it to transfer and divert wealth.
I suggest you check out mises(dot)org
Or read:
economics in one lesson - henry hazlitt
human action - ludwig von mises
wuastwais 2 years ago
The constitution give the federal government the power to coin money and prohibits bills of credit. So in reality, the federal government has given to the federal reserve power and authority not granted by the constitution, the power to create money out of thin air.
Tell me where in the enumerated powers in article 1 section 8 of the constitution give the right to the federal government to manage the ecoconomy?
wuastwais 2 years ago
The nazi were the national socialists. They believed in strong government control over the economy. How does this relate to free markets?
So since we can not get fair distribution of wealth, government needs to step in and control take care of this. Where does the us rate on wealth distribution?
wuastwais 2 years ago
You make the assumption that a system based on "selfishness and greed" could not produce a superior system.
So to protect us from our own selves. We should give all power and authority to the government. Which also means all 300 million of us individuals have to suffer under this corrupt and criminal system, and no alternative reality is possible.
wuastwais 2 years ago
You do not like Bernanke, but you like Carbon tax and eco-alarmism while nobody deals with actual ecological problems anymore, like Toxics and GM foods.....Cenk.... get your head straight man, drink some Shalep.
graphattic 2 years ago
Cenk is steaming under his collar... and I love it.
stuartjamesgemmell 2 years ago
you go Cenk...
TheHammerOfJustice1 2 years ago
If you REALLY think that a FREE Market gives people an unfair (whatever that means) share of wealth created, PREVENTS competition, and is like a Concentration Camp (!), then I don't think there's anything than can be done for you here in the youtube comment sections.
Do some reading, keep exploring, and hopefully you'll know a thing or two about the free market someday. Until then, irrational and completely erroneous scare stories just won't do.
KagarBeardtooth 2 years ago
A direct comparison between the economic realities of the real world and of a computer game is absurd enough to self-defeat, so I won't even bother.
Everything about the free market is natural, unless the government interferes at all, in which case it is NOT a free market. Because we don't have a free market, because of government intervention, we DON'T have equilibrium, otherwise we wouldn't be in the middle of an economic crisis.
Evolution is blind, but market competition isn't.
KagarBeardtooth 2 years ago
Imagine an evolutionary process in which randomly occurring mutations over billions of years were replaced with deliberate actions made directly in response to changing conditions. That is the free market.
Just as in evolution, the survival of the fittest applies, except in this case it applies to business practices and products instead of animals and genes. Any business that isn't able to provide the greatest level of satisfaction to customers is removed via bankruptcy. It is a perfect system
KagarBeardtooth 2 years ago
There's no such thing as a free market as long as human beings are apart of it. People will always try to control it whether they're private sector or public sector. We can only hope to make it beneficially strong with moderate control from a neutral party.
ToTheConquered 2 years ago
Haha, I'm afraid you're TERRIBLY mistaken. The government is NOT the free market! The free market is voluntary human interaction; the government is force.
Of course the economy is a human creation, because economies and markets entail human interaction. But not a natural order? I think not. The market is HUMAN nature, the culmination of humans acting naturally to secure their own ends through economic interaction with one another. The government can NEVER produce equilibrium, only the market.
KagarBeardtooth 2 years ago
Actually, those examples don't work at all. Free market equilibrium is more akin to an undisturbed ecosystem, like the Galapagos Islands.
The free market self corrects, it is ALWAYS trying to self correct. Ever heard of bankruptcy? That's the market purging itself of poor businesses. It's like the human body secreting phlegm or vomiting when you get sick.
The free market is just the culmination of unhindered and uncoerced voluntary human interactions. That is it.
KagarBeardtooth 2 years ago
Haha, no. I'm not a communist. I'd be against the government setting price controls and mandating price increases - it's all unnecessary, since the market always seeks equilibrium anyway.
Deflation would just result in an increased value of our currency. There's really nothing wrong with that scenario as long as the government doesn't try to force some needless compensation. As long as the market is left to reach equilibrium, it will all work out.
KagarBeardtooth 2 years ago
Why don't they just raise taxes? As me mum says, "If it makes sense, they can't do it!"
Scardy 2 years ago
wtf is going on
DarkStar1O9 2 years ago
Well, Pres. Jackson took care of this issue one time when he abolished the First National Bank (I can't really remember the name of the bank right now, but that's close enough). Later, some other More-on came around and re-established it as the Fed. What the hell was that guy toking on when he made that decision. I could use some right about now for this nasty-ass cold I have.
NewHeathen78 2 years ago
If you REALLY want change for the better, then you should urge congress to END the Federal Reserve. Despite what people like Bernanke will tell you, the Fed's sole purpose is to shield banks and corporations from risk, fund an outrageous foreign policy, and artificially stimulate the economy to favor certain administrations, and in so doing it creates these monstrous economic recessions and depressions while simultaneously devaluing our currency.
It's a one-two punch to the middle class.
KagarBeardtooth 2 years ago
You know what used to happen during the time between the 1830s and 1913 when there was no Federal Reserve?
The economy crashed. Multiple times.Once a decade at least.
Maybe the Fed (in its current incarnation) is not viable. However, HAVING a RESPONSIBLY run central bank is vital for keeping the economy stable, a safety net that prevents banks from making harmful decisions, and prevents them (and the economy in general) from collapsing.
dangerouslytalented 2 years ago
The economy underwent minicrashes because we had fractional reserve banking, but at least the economy recovered very quickly. The Fed acts to protect the banks from their inherent insolvency by acting as a "lender of last resort", which really means that they will shuffle money around or print up enormous sums or it in such a way as to protect the banks from bank runs.
Unfortunately, the Fed's actions only prolong and compound the inevitable crash while devaluing our currency.
KagarBeardtooth 2 years ago 3
The solution is to end the Fed and correctly define fractional reserve banking as a form of embezzlement, returning to full reserves.
KagarBeardtooth 2 years ago
*sums OF it
KagarBeardtooth 2 years ago
That was why, during the Depression, the Roosevelt administration had the banks consent to being placed under the rule of law: The laws that they had to follow were simple: All of the things that contributed to the crashes were forbidden. Only those that did NOT do any of the things that led to crashes were covered by insurance And what happened? There were no crashes between then and when Reagan deregulated the system.
dangerouslytalented 2 years ago
Actually, Roosevelt didn't forbid what caused the depression. The depression was caused by fractional reserve banking and loose monetary policy at the federal reserve.
Look up the Austrian Business Cycle Theory - it has accurately predicted every recession and depression that we've had since, and including, the Great Depression.
KagarBeardtooth 2 years ago 2
And why are Americans still putting up with this?
These greedy people keep taking and taking. Their greed will be their undoing. When Americans have had enough, the bankers and their ilk are going to be in trouble.
AlainSaffel 2 years ago
I personally have had enough of their crap. However, most of the US has been seduced by all the nice little creature comforts and gismos. Until they get shaken out of their delirium and start to see this crap, it will continue. It also comes down to those people who think that if it doesn't directly effect me, then so what (and I know one or two of them). As Vogter2100 would say. DO PANIC!!!!!!!
NewHeathen78 2 years ago
End the FED!!! (from Canada :-)
TheAtheistPriest 2 years ago
this show needs a bailout real bad, you need new writers and a new studio, its really bad.
angelsaints00 2 years ago
Uhh Ben Bernanke was not the cause of this mess; the biggest part of this mess came from Wall St gambling on credit derivatives on exchanges that were not regulated. And is this guy stupid? A financial transaction tax would affect everybody because a lot of people have pension funds/mutual funds/ retirement funds that will get hit by that. I agree that a lot of the big financial institutions took the economy hostage and got their asses bailed out but a lot of them also paid the money back.
minaung1 2 years ago
Wake up America, Fed banksters are looting the country.
The FED cant be fixed.
We need to END THE FED ASAP!!!
unameitltd 2 years ago
Get a grip, I bet its easy to blame all the systemic economic problems on just a few people right? The fed isn't single handedly responsible for you're economy's ills. What is currently transpiring cannot be reversed so stop with the Ron Paul shenanigans.
WATITDOO16 2 years ago
Keep living in lala land & be sure to keep your money in the safe banks & the "strong" dollar! You'll see where you end up for not understanding "Ron Paul's Shenanigans".
DaInfoMan11 2 years ago
The Fed has existed since 1913. The economy had only completely crashed once between then and now. It has worked. However, it needs fixing. Supply side economics and deregulation has completely wiped out the real economy.
dangerouslytalented 2 years ago
Eventually all good things come to an end. The U.S is still a relentless political power in terms of its military strength but we are transitioning into an era where military enterprises are not only obsolete but detrimental to the well-being of the state. This is the era of the dollar and economies now determine leverages of power. It isn't a matter of the American economic strength dwindling rather it is the international economy that has caught up to the U.S.
WATITDOO16 2 years ago
Change is in fact inevitable but it is never in our control nor is it for the better. A state's preservation lies in its ability to remain orderly and static. Obama did promise you change and he has lived up to his promise, the confusion lies in people's misconception of change with respect to the governance and preservation of the state. The duty of a statesman is to maintain and manage the status qua because the state functions adequately. To change unnecessarily is a lesson in futility.
WATITDOO16 2 years ago
You're either naive or stupid, change is a mantra used by people in power to stay in power so as to appeal to the public's fantasies. As for returning to a state before 2008, another fantasy, your economy was doomed from the get go. The fervent belief amongst Americans as regards to paying little to no taxes cannot reconcile with reality, the reality being that services from the state must be financed by taxes. This fundamental contradiction between convention and reality is you're own undoing.
WATITDOO16 2 years ago
Cenk, this is one of your better videos. It gets old seeing you bash republicans so much like MSNBC. You see, there is a lot of common ground between democrats and republicans. Like the foundation and robbery of our country. Maybe thats something the people could unite on.
Zoklor 2 years ago
call your reps, tell them they are out if they vote Bernake in. We need to end the fed. The banks control everything....everything.
workingclasssociety 2 years ago
It is a simple concept........Ben Bernanke is a crook and is part of the banking dynasties that run (or should that be ruin) America.....He was not appointed by Bush or Obama, the bankers appointed him. The politicians are merely there puppets. It has been this way for years. who you vote for is irrelevant, because unless they tow the line they will get blown away politically,......... or if need be physically.
northwest500 2 years ago 5
Bernanke should know Medicaid and Social Security are not assets he can use to fund anything, but rotten apples. Both these programs have trillions in unfunded liabilities and are essentially bankrupt.
StrafingMoose 2 years ago
Type in - JakeRs High SPEED Chase with the LAW. It's the funniest and most crazy shit out on YOU TUBE so far.
JokeRtheJakeR 2 years ago
It's like a spark in the dark... oohhh ohhhh...
Krumbz2003 2 years ago
Ron Paul suggests the abolition
of the FED.
Like Cenk says, the FED helped put us in our current position, so
is it not worth consideration?
bobbytiger 2 years ago
Comment removed
abola2121 2 years ago
Lol Cenk... Do you know how little most engineers get paid these days?
Vkob 2 years ago
Ok, Cenk, Hell no, but then what? He gets appointed anyway.
DrQuijano 2 years ago
It's crystal clear. America is under a feudalistic system. Changing a few players around won't make a lick difference. Get rid of Bernake, a clone will replace him. Get rid of Geithner, a clone will replace him. All we're waiting for now is the revolution a la France 1700. Wait until the dollar completely crashes, and the carbon tax is initiated on top of that lol.
seanboy80 2 years ago 2
Democray Now:Report Spitzer says Bernake should quit. He was under investigation because he created this mess previously.
EmeterioBetances 2 years ago
Bernake's understanding of the Great Depression begins in 1929 when the market crashed, a symptom of failed economic/monetary policies.
DrunkenPublicness 2 years ago
Bernanke isn't either.. democrap or repuckican. They are one in the same. They both are worshipers of the Federal Reserve.
stix42k 2 years ago
Cenk doesnt know what hes talking about.
The fed is the cause of the bonus' indirectly.
They give the said bank 0% loans.
Those bankers then go and play the stockmarket with no overheads due to no interest on 0%.
They risk more and more because they get the money on the cheap.
There bonuses are based on how much they make for the company.
martinaoe2 2 years ago
Bernake and his buddies chose Obama not the other way around
flexorder 2 years ago 5
This has been flagged as spam show
Jesus (Yeshua) is the Messiah! According to God, we are all sinners, and the penalty is eternal death in hell! The good news is that God loves us so much He sent His Son Jesus to die for our sins for us. Jesus was crucified and buried, but God raised Him from the dead. Jesus is YHVH, the Lord God. Confess your sin to God and ask Him for forgiveness. Call upon Jesus Christ and ask Him to be your Lord and Savior. You will be forgiven and will have eternal life by believing in Jesus Christ.
thesearethebreaks89 2 years ago
That's the most absurd, misinformed statement ever posted on Youtube.
Congratulations.
DrunkenPublicness 2 years ago
if your talking about flexorder's statement...
he is correct.
samin62 2 years ago
AUDIT THE FED
linkin622 2 years ago 4
1913 federal reserve act. Blueprint for Global Enslavement.
stuntdoogie 2 years ago
Why did Cenk say 'Iceberg straight ahead!' in a German accent?
malma1 2 years ago
actually if titanic would have crashed straight ahead into the iceberg, it wouldn't have sunk.
henrikstaaf 2 years ago
You will understand everything that they are doing is you turn the page up side down. or see is in the opposite direction of what they say they are doing.. And its not to better things... If they can destroy. They can control
kevaray 2 years ago
Mark Special Olympics and IHS
herodotall 2 years ago
Want to go higher?
herodotall 2 years ago
Fabulous
herodotall 2 years ago
There shouldn't even be a fed. The turks do realize when they bash Bush economics, they bash Obama economics, since there the same.
Betty5150 2 years ago
Who are you getting?
herodotall 2 years ago
Now go back to Church and receive your Catechism.
herodotall 2 years ago
Press it Platinum
herodotall 2 years ago
The Syrup
herodotall 2 years ago
Tap
herodotall 2 years ago
US Marshall's?
CIA?
FBI?
mmmSA?
herodotall 2 years ago
Your odds?
Few
herodotall 2 years ago
Wiccan can go all the way.
You wish to up the bet?
herodotall 2 years ago
cenk turning against obama = cenk is more interested in truth than party line b.s.
good job, cenk
rtardbox 2 years ago 3
It saddens me that Cenk could realize how corrupt Bernake is, then make such a naive comment as "This guy is an absolute republican."
Something more correct would have been "This guy is an absolute Washington Team player."
VictoryCough 2 years ago
Obama represents the status quo, on every issue. The real change would be to let the market work properly. Currency was born (and is strongest) in a free market. We should give it back to the market, ie PayPal has expressed interest in a competing currency if climate permitted. Look at the power involved in being chairman, is that something we really want the president to appoint to one person or even a group of people?
"The central bank is in a war against reality." - Thomas E Woods Jr
VictoryCough 2 years ago
I agree w/ U that "currency is born(& is strongest)in a free(I repeat, in a "FREE")market"but, remember America went Bankrupt back(if i recall correctly)in 1913..so literally we don't have a "free-market" bcause we earn Promissory Notes( which is a promise 2 pay a promise 2 pay a promise, etc..) from a system we don't ever repay back too (& what we do will never be paid off bcause the interest rates R always been set 2 B unpaid to begin w/..a web really)but R quick 2 borrow from again & again...
br0wng0d 2 years ago
Who's in bed?
Strange are the fellows.
This is classical,
I'm just playing the chello?
herodotall 2 years ago
BEn bernanke had to save the banks,since we allow them to be the leading power behind our economy.You can say *then shut them down*,but before you do that THINK OF THE MAJOR DOWNSIDE.Because 1 bank failed fucked up the economy on top of how it was fucked up with Fannie Mae and Freddie Mac.Now imagine what would happen if all the banks fail.Yea ok, lets give main street the money and small businesses;DO YOU THINK THEY WILL LEAD EACH OTHER MONEY,or keep what they have and spend it to gain more?
sesshoumaru3st 2 years ago
"What is the burgling of a bank to the founding of a bank?" -Bertold Brecht
camuhorror 2 years ago
Comment removed
sesshoumaru3st 2 years ago
pistachios?
Get Crackin?
You think I'm Don?
I'm ratting on the dragon.
It's but a weee thing.
Toast
herodotall 2 years ago
The Devil controls the Jesuits order, Jesuits control the papacy, the papacy control Jerusalem will remain the capital of Israel. GLOBAL ELITES VS. THE PEOPLE AROUND THE WORLD, GOD VS. THE DEVILS=GLOBAL ELITES THEY ARE ENCHOOTS=ALL WORLD LEADERS, THEY ONLY WANT 500 MILLION SLAVES
KamikazeKoscki 2 years ago
LOL..500 mil, huh..i knw..Perhaps then those slaves will build the world another gr8 wonder!! & Perhaps another Moses will have to come around to free them from the Pharaohs...lol but i agree w/ KamikazeKoscki though, perhaps ppl as a collective we all are G-d against these Devils
br0wng0d 2 years ago
100% agreed browngod. until we topple this regime that is our government. we will never be free.
"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." Thomas Jefferson
Dickinfection9000 2 years ago 3
Thomas Jefferson was a wise & Sovereign person...something we should take the time to exercise, but errbody wanna b a Rock Star...lol..sad truth
br0wng0d 2 years ago
for what? the same thing we always keep digging ourselves deeper into: Servitude, Gov't control(Police State) & the "all-too-famous", the hook, line and sinker of Security( Nowadays widely known as HomeLandSecurity)...And we all know that what the gov't takes away( of course as always taking advantage of the mass ignorance) it is always difficult and most assuredly NEVER grants back..
If you have a gov't issued license(s), ID's or Certicates(marrige, birth etc..)
br0wng0d 2 years ago
You might as well acknowledge the fact that you are a TRADE NAME/ or in common speak, A SLAVE...To the STATE, GOV"T & INTER.Bankers...we are owned as in Chattle/Property & or plainly viewed as Collateral
br0wng0d 2 years ago
that is why we fight their wars!!!
br0wng0d 2 years ago
hahaha 1:39
wrxbungle 2 years ago
well, all i can say is that we all should thank the ppl & President Woodrow Wilson for granting the Fed control of our gov't...& even F.D.R. for suckering us in w/ the whole S.S. don't cry now!! we forfeited our Freedom, Liberty & Prosperity...
br0wng0d 2 years ago
there's your fucking "CHANGE" you can believe in
ryu1250 2 years ago 2
It's not news that Washington and Wall street are corrupt. If you look in history, it's been that way for years. Republicans and Democrats, they're both the same. The only bipartisan belief it seems is greed.
IWantAGreatName 2 years ago 2
obama does not really control who gets picked 4 the fed ..its whispered to him the men who control the world,,majorly owened!
tonmagicwon 2 years ago
Bernanke needs to go back to his old job at "South of the Border"
Kemruss 2 years ago
i would be pissed off if my money would be owned by a private banking system ...wich federal reserve is
marguz4 2 years ago
We are all screwed!
Utubeeatssht 2 years ago
How would the people go about regaining control of the government?
Hayden567 2 years ago 2
start by joining the people at - Campaign for Liberty
BOMangles 2 years ago
"Permit me to issue and control the money of a nation, and I care not who makes its laws."
- Mayer Amschel Rothschild
BOMangles 2 years ago 2
The rich are rich because they are smart they know how to make money. Why punish them for creating jobs for the middle class? SO WHY THE HECK DO YOU THINK HE WOULD NOT WANNA TAX THE UPPERCLASS? The rich will ALWAYS be rich, Think about this The middle class creates taxes, The rich decided to create corporations. (If you get that last comment your probably rich hahahahahaha)
Hayden567 2 years ago
they're rich because they own the government and get money from the tax payers while the middle class which you think is doing so well continues to be raped...the rich...super rich anyway...are corrupt blood thirsty monsters that can only be dealt with if the people gain their government once again...at the moment the Fed which is owned by the lite bankers owns the Gov.
XsteelrogueX 2 years ago
the majority of the rich have attained their stature through the exploitation of average citizens. it amazes me the mentality implanted in some who feel that there is nothing wrong with hording power
spoooby 2 years ago
It doesn't matter whether it's Bernake in the driver's seat or Joe Shmoe, the financial market is going to collapse soon regardless.
PhanRegSop 2 years ago
They are called Young Turks because they are Turkish?
GypsyHustle 2 years ago
you think taxing commodities will learn em? you don't understand, these people already have all the wealth. it's all theirs. they are immoral too. no morality in the jew. they want the soviet union system. 150 million dead christians? jews don't care. illigitimet jew money doesn't get taxed. who runs the drug trade? jews. who runs the prostitution? jews. tax the farmer, take the oil man, take any commodity but do not tax the jewish comminist,
nVei06 2 years ago
YoungTurk is a giant fucking tool. This time, he did somewhat okay. He will likely go back to being a stupid tool though on his next video.
labartic 2 years ago
little too much talking with out actually clips or proof to back as he speaks. Not doubting what he says just saying, where are the facts?
if(ramble){
speak.ramble(opinion,Cenk);
if(check(facts)==true){
accept;
}else{
ask wtf?;
}
}
regrethedays 2 years ago
there is no separation between Republican and Democrat! they are all in bed with each other!!!!
cringer666 2 years ago
let me explain something to you. the oil prices were raised to tax the working class. bush tried to help the working class, it worked, all americans were becoming richer, but the wealthiest didn;t want that. they don't want the poor to have any buy power. they only want legacy wealth for a few families. those famlies can buy all the cars, all the cotton, all rubber, all the women. if they spent their money, the inflation would be insane. and that's how poor the people are. its like soviet union.
nVei06 2 years ago
Bush helped the working class by getting us involved in Iraq, allowing the Fed to blow up a massive housing bubble, economically help to destroy the US....etc
Bush didnt try to help a fucking thing. The guy was a total idiot and he didnt run the show. Presidents DO NOT HAVE POWER. The money masters do. The people who run the banking system.
labartic 2 years ago
you do not realize that the president doesn't appoint the chairman. the people who appoint him are the ones who pick the president. bernake is not a republican. he's a jew. your view of republican's is nonsense. bernakie is what the democrats do. that is take the working mans money and create legacy wealth. whenever you tax commodities that's what happens and it is what is the intention of their taxes. they never intend to destroy class. they intend to destroy growth and dynamics. candy coat
nVei06 2 years ago
Wait...Jews can't be republicans?
Leoncharlesblanc 2 years ago
@Leoncharlesblanc right. jewish republicans are evil. and are actually liberals.
nVei06 2 years ago
...Dude, just 'cause my name has white in it doesn't mean I'm some kinda, like...supremacist. >> I was joking.
Besides, liberals are 'power to the people' not 'paper in my pocket'.
Leoncharlesblanc 2 years ago
This is one of those things progressives and libertarians can unite on. Too bad that won't happen :<
Joe402 2 years ago
Abolish The Federal Reserve System. Watch, on YouTube "The Creature from Jekyll Island, G Edward Griffin" . Wake Up America. The Federal Reserve is illegal.
AwesomeBeatles 2 years ago
OBAMA was just a MARKETING PLOY, the same OWNERS that were in CHARGE when BUSH was President, are still in CHARGE.
The PRESIDENTS are PUPPETS, MOUTHPIECES, they just give us the ILLUSION of CHOICE and CHANGE.
SATANSbankers 2 years ago
Sometimes "I told you so" isn't strong enough.
nstgc379 2 years ago
They're taking bigger bonuses because they pulled off the largest heist in history and they're rewarding themselves.
nuclearspike 2 years ago
This show is about Turkey {bird & country}.
ParadiseOnLand 2 years ago
This has been flagged as spam show
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Endoloid 2 years ago
It's refreshing to watch this asshole's confusion. Yes dummy, you got completely suckered by Obama and his change and hope bullshit. Now he appointed Bush's Fed chairman, right after he increased the war he swore to be against. Think about this. How many presidents from both parties used Greenspan? Riiiight. That's because the FED runs the Government, and they select the idiots to front it. It's just like professional wrestling. I thought this guy was in on it, but he's just another sucker. LOL
davidameyers 2 years ago 4
Hey jerk-ass! Are you waking up yet? Are you figuring out that all of these politicians keep the same players on the team? Do you think maybe that the FED is controlling the government? Bernacke is the reason we're so fucked right now. Change only a complete moron could believe in, and requires an even dumber person to believe in now. There is no left and right. These guys are all working for the same team. Stop thinking left and right. End the FED, and wake up Mr Turk guy here.
davidameyers 2 years ago
@ davidameyers....THANK YOU!!! Someone finally making sense.
WAKE UP PEOPLE!!!!!
STOP trusting our politicians!!!
WHEN will you finally listen???
START to take your power back!!!
It's absurd how moronic the masses can be.
WAAAAKE UPPPPPP!!!!!!!!!!
To get started watch: FREEDOM TO FASCISM
PeaceIsRad 2 years ago
its astonishing to me how people still dont realize that corporate taxes really just transfer to the consumers through price increases. the problem isnt "where do we get the money for all this government spending." the problem is "the government is spending money."
if he was an expert on the great depreciation then he would suggest abolishing the fed and moving to the gold standard.
anryth 2 years ago
The banks and big corps. have taken over goverment.Now the run the country and they put forward to run for office in both partys so that no matter what on e of the own is in and they only care of there own intrest based on bussiness.Our intrest no longer matter we are bieng raped !What we need is a cap on campaighn money so that all people have a chance to run and not be taken over by greedy old basterds who only care about how much they can screw us over.................!
callofdutymw2geek 2 years ago
And by the way, Goldman Sachs will make TRILLIONS in the carbon trading markets. That's why there are fake global warming kooks. The hypothesis has been seriously disgraced by the 'professors' who cooked their books in making it up. They made millions in grants from governments and the UN to foment the lie. I have no doubt GS gave them a ton of money.
jbwhite2007 2 years ago
Why on earth are you acting so outraged, Cenk? He lied, people voted for him and now he's just paying off his masters. What's the big deal? If you want to do something now, either incite a revolution or form a third party. There is NO other way, all the political parties are now owned.
jbwhite2007 2 years ago
this guy doesn't know much about the fed - Bernanke is right for the job. Just because Bush appointed him doesn't make him unqualified.
Telenor 2 years ago
Read 'Alice in Wonderland' & Gulliver's Travells.
Caroll & Swift were bang on about politics and human nature!
malma1 2 years ago
The ship is going down and these idiots are rearranging the deck chairs. Get rid of the Fed, vote out all the politicians, get informed, spread the word, write your nonrepresentative aka senator or congressman, get some strong 3rd party candidates, buy gold, dump the dollar, etc.
czubspenx 2 years ago
Obama doesn't get to choose whether or not to reappoint Bernake. Obama's Jewish bosses are telling him to reappoint Bernake.
Obama may be allowed to replace Tim Geithner with JP Morgan's Jamie Dimon, because Geithner isn't Jewish.
CarryANationIII 2 years ago
Real "change" at the Fed would be HR1207.
fatmoleman 2 years ago 6
Bernanke wasn't alone in crashing the ship, Greenspan deserves his share of the credit too.
Krash845 2 years ago 4
Ron Paul . There I said it.
solreavir 2 years ago 3
Bat shit crazy. There I said it.
skyzefawlun 2 years ago 3
I Know I Know HR1207 Needs to be passed otherwise the state of emergency in america will be raised.........to BAT SHIT.
solreavir 2 years ago
Maybe the US should pull out all their troops from every base in the world, cut government spending across the board. Sell off all the public housing to the current inhabitants and start paying off their debts. The US is practically bankrupt and owes huge amounts of money to Europe, China and Saudi Arabia. That's the only reason why the dollar hasn't collapsed completely (creditors are paid in dollars, of course). We witness the end of an Empire, the American Century is truly over.
Krifko 2 years ago 3
well corporations are global, maybe we should go global too?
djslyfox 2 years ago
I think the truth is there is no difference between Obama, Bush, or anyone else we will vote for. It's all about getting as much money as possible over eight years and then retiring. You want real change? Move to Canada.
tardigrade6 2 years ago
Corruption is everywhere...
djslyfox 2 years ago 2
Watch "Ron Paul: Obama Preparing for Perpetual War". Awesome video.
anarchyfortheusa 2 years ago
we shouldnt be blaming bernake for causing this recession, it was obama and the liberals tax and spend policy that bankrupted us, and raised our defecit to record levels. bernake seems to understand that the rich isnt some money bag you can tap into whenever your high taxes and rampant spending ruin the country, the answer is to lower taxes, deregulate the market. and let the free enterprise flourish under freedom, not be strangled under obama's central planning communist state
tehant1liberal 2 years ago
tehant1liberal, you do realize that the economy collapsed under bush right?
tardigrade6 2 years ago
Bush and Obama are the same.
anarchyfortheusa 2 years ago