Documentary # 3 - Casino Capitalism

[lifeonanotherplanet]

what complete TOSH. Governments didn't increase the money supply - private banks did! Certainly, the US government led the deregulation mania that left us with casino capitalism largely because it is run by private bankers on furlough!

Keynes and Minsky had the answers - this guy doesn't.

[BeechBum1900]

LOL, great video of Gordon Brown in 2008! Hilarious..... I think he's figured out the repercussions of the bubbles now!

[oldproji]

Paper money isn't worth the paper it is printed on. It has no relationship to the price of precious metal that it once had when gold and silver coinage ruled the roost. That was real money. The only way to prevent the theft of individual property is to destroy the small body of people who own the money. Banks only play a small part in this as they are the caretakers and not the masters of wealth. You need to at the likes of the Bilderbergers to find the culprits. Beware your safety.

[lifeonanotherplanet]

@oldproji

So things were hunky dory on the gold standard? You need to read a bit of economic history!

[Thecoldwaterfall]

Theres so many bubbles now its like a bubble bath LOL

[tasen001]

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[pidos847]

Andrew Jackson was a great president and warned the people about the corruption of private bankers!!! They don't tell you much about him in school because the text books we read are controlled and written by the corrupt-ors! We must all wake up to this evil corrupt system and put an end to this madness!!!

[bcnloft]

For free-market economists to expect that the markets are efficient and fair (without information imbalance) is like the people expecting leftists governments in power to solve inequality... none care for the average citizen. Can't there be a way that the world is more just in a distributed way without central control?

[DystopianUtopia]

Policies of easy money have made artifical booms, rather than long term sustained growth. This is nothing to do with capitalism, capitalism itself is the economic theory in which markets are free, and where the government stays out of economic affairs. What we've been living in lately is not capitalism; it's corporatism. What we need are free-markets, laissez-faire capitalism with sound monetary policy (returning to the gold standard could achieve this), and the future would be bright.

[DystopianUtopia]

(Continuing from my last comment) I disagree strongly with Keynsianism, and I believe that governments have been creating artifical bubbles that have led us into this recession.

[DystopianUtopia]

This video makes very little sense, because it makes some very good points, and then turns its attention away from the root cause of the problem. It is blaming so-called "capitalism" for the problems, and yet all of this video critisized government policies, regulation, and intervention. I myself am a typical laissez-faire 'capitalist', and I agree strongly with points made here.

[Graham6762]

socialists want to destroy everything

[RenegadeTimes]

'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.

Thomas Jefferson ~ 3rd President of the United States ( 1801-1809 )

[mgore90]

@RenegadeTimes

Why are modern politicians so unable to be this eloquent and coincide?

It's shame, that the 10% of people that an swing an election one way or the other, are best won over with emotion and fear.

[inkibert]

I wonder on a scale of 1 to 10 how bad is it and how much debt is our nation now in I stopped counting some time ago.

Excellant documentary Renegade Economist look forward to the next one

[bastardtubeuser]

the figures are complete nonsence, the actual capital non existant , we should burn it all and those resposible .

[inkibert]

i say they should be killed in a capitalist manner,gladiator arenas and if they wont fight let loose the lions.sell the tickets on ebay and tv rights to sky

[araniga]

I say sell TV rights to every station that wants em. I don't want to be missing out on that here in Canada.

[inkey2]

to Inkibert: in my amature opinion as someone that has always been interested in following the economy I believe on a scale of 1 to 10 (10 being the worst)......I think the USA is at a "7"

[ludocrat]

In the Noughties, it looks like the Daily Telegraph, once an honest rag (no longer), is keen that Jim Rogers is set up in the manner you describe. Have you read that vicious assassination today?

The myth of debt fueled-growth is gaining momentum as I type.

God help us all.