this little group of idiots on this show have been worng about 75% of the effin time the last couple years and yet they sit there and smirk and laugh and giggle at people like schiff and ron paul
A central bank should always be rigorously audited. It's possible to not have a central bank. Singapore doesn't have one and they get along just fine. There are advantages to having a central bank. The chief disadvantage of a central bank is if criminals happen to control it or if idiots are in charge, then we're all screwed. The Fed is unaccountable which has exacerbated this sort of behavior. No system of government or central banking system is immune to corruption.
One has to wonder - How could the Fed, which regulates the large banks by having trained regulators check all factets of a bank (mortgage, IT, retail, etc) often, and then rate the bank - be TOTALLY UNAWARE of the crisis. If you know how regulators work, you know this is IMPOSSIBLE. One can only surmise this collaspe was intentional and known in advance. And lets not forget Paulson - head of Goldman - who was also "surprised'? Difficult to believe the party line.
This is all game playing. I bet half of the people saying that they do not support bernanke have shorted a bunch of stock and is now getting ready to buy in when the dow hits 9,999. They know he will get elected in and they are all a bunch of criminals themselves trying to profit from all the small guys selling their stock. Wake up
The last man who actually did the right thing with the Federal Reserve is Paul Volcker but the Federal Reserve still needs to go. It is a evil America destroying entity run by banking oligarchs.
Bernanke bought some time but the USA is still going down in 2010-2011. Confirming Bernanke is an even bigger disgrace. How bad does does it have to get; perhaps people are not hungry enough.
To keep any credit system honest, banks must be held responsible for the risk they assume. Once the government created Freddie Mac and Fannie Mae, banks started giving jumbo mortgages to waitresses and ex-cons. You can have any system you like, with or without a central bank but it the responsibility for assumed risk isn't placed on credit issuers, the system will break down.
I agree that banks should be held responsible for the risk they took on. However our government, and Fed was encouraging them to do so. The big banks knew if these so called risks did not materialize the taxpayers would pick up the bill (they couldn't loose). This is why such heavy risk was encouraged. Hence waitresses and ex-cons receiving ninja loans.
o wow... you're serious. lol, I am speechless. YouTube doesn't give enough characters for me to list the failed police states throughout history. The reason they have failed is that it doesn't work. Our founders were smart enough to know that. It is why they wrote the constitution. And if you had the ability to live back when the constitution was actually followed, you probably would feel differently. The invisible hand of free markets are more powerful than that of police states
That guy on the left always disagrees with schiff just for the sake of disagreeing. He's been wrong about everything for years, and he continues to sound cocky about everything he says, despite the fact hes never been right about anything. What a fag.
Bernanke is a crook & will not disclose to the American people when asked by the Senate where 500,000,000,000.00 (500 Billion) of tax dollars have gone.
The Fed is responsible for everything thats going on, and you dont want them to end? Wake up. The Fed has devalued the dollar 95% since its inception in 1913. This has enslaved us. Once they are audited, people will find out how our monetary system works. END THE FED!!!
The people have devalued the dollar. Banks lent to willing borrowers many of whom were eager to take advantage of credit and the magic of finance. The major source of inflation was not the Fed, it was commercial lending. The inflation created by the Fed is miniscule compared to that. The Fed is culpable in the sense that because the are the lender of last resort it creates a moral hazard in encouraging risk. Fed or no Fed, abuse of any credit system leads to economic ruin.
Are you out of your mind? How can the people cause inflation when the Fed and banks control "the magic of finance"? Look at the sub-prime fiasco. What about the inflation they're creating right now? The Fed controls inflation through raising and lowering interest rates, as well as the printing presses.
How are those morons in the Hollywood Squares even suggesting that Bernanke did anything other than outright fraud?! I just don't get the arrogance of some assholes. Is it systemic in the business community does everyone who holds positions of responsibility on wall street need to be fired so they can be replaced with someone who has common sense?
Why did Bernake raise interest rates 3 more times when he first became Chairman?
We were already in a double recession.
GA7777777 1 year ago
this little group of idiots on this show have been worng about 75% of the effin time the last couple years and yet they sit there and smirk and laugh and giggle at people like schiff and ron paul
RIPPED7399 2 years ago 2
A central bank should always be rigorously audited. It's possible to not have a central bank. Singapore doesn't have one and they get along just fine. There are advantages to having a central bank. The chief disadvantage of a central bank is if criminals happen to control it or if idiots are in charge, then we're all screwed. The Fed is unaccountable which has exacerbated this sort of behavior. No system of government or central banking system is immune to corruption.
jdbrown371 2 years ago
Comment removed
ERROLCUSTERFLYNN4EVR 2 years ago
One has to wonder - How could the Fed, which regulates the large banks by having trained regulators check all factets of a bank (mortgage, IT, retail, etc) often, and then rate the bank - be TOTALLY UNAWARE of the crisis. If you know how regulators work, you know this is IMPOSSIBLE. One can only surmise this collaspe was intentional and known in advance. And lets not forget Paulson - head of Goldman - who was also "surprised'? Difficult to believe the party line.
mutexnet 2 years ago
Comment removed
mutexnet 2 years ago
Any elected official who speaks out against Bernanke will be out of office upon the next election cycle.
Big Brother is a BANK.
ZedAlfa273 2 years ago
This is all game playing. I bet half of the people saying that they do not support bernanke have shorted a bunch of stock and is now getting ready to buy in when the dow hits 9,999. They know he will get elected in and they are all a bunch of criminals themselves trying to profit from all the small guys selling their stock. Wake up
accountantguy 2 years ago 2
we hv to see the source 1st, ie. US $ is DEBT $ AS LONG AS WE HV FEDS.
Only solution is kick off the FEDS an start printing real US $ backed by US human gold.
Delete the post in question n save taxpayer $ for other worthwhile programmes.
jefri53 2 years ago
The last man who actually did the right thing with the Federal Reserve is Paul Volcker but the Federal Reserve still needs to go. It is a evil America destroying entity run by banking oligarchs.
kmg501 2 years ago 2
Comment removed
ERROLCUSTERFLYNN4EVR 2 years ago
Bernanke bought some time but the USA is still going down in 2010-2011. Confirming Bernanke is an even bigger disgrace. How bad does does it have to get; perhaps people are not hungry enough.
rollsthepaul 2 years ago
Get rid of the Fed; it's too corrupt.
dada1492 2 years ago
To keep any credit system honest, banks must be held responsible for the risk they assume. Once the government created Freddie Mac and Fannie Mae, banks started giving jumbo mortgages to waitresses and ex-cons. You can have any system you like, with or without a central bank but it the responsibility for assumed risk isn't placed on credit issuers, the system will break down.
jdbrown371 2 years ago
jdbrown371
I agree that banks should be held responsible for the risk they took on. However our government, and Fed was encouraging them to do so. The big banks knew if these so called risks did not materialize the taxpayers would pick up the bill (they couldn't loose). This is why such heavy risk was encouraged. Hence waitresses and ex-cons receiving ninja loans.
EndTheFedRes 2 years ago
obama want to punish bankers but 'endorse' the chief banker!
sgwarrenb 2 years ago
we need regulation and we need censorship.
we need a police state to stop terrorists.
terrorists exploit freedom, therefore we need to limit freedom. thats how we can defeat terrorists.
stealthpakfa 2 years ago
@stealthpakfa my god I hope you are being sarcastic
jjeeve5 2 years ago 2
im very serious.
police state controlling the population is the only solution i see.
stealthpakfa 2 years ago
o wow... you're serious. lol, I am speechless. YouTube doesn't give enough characters for me to list the failed police states throughout history. The reason they have failed is that it doesn't work. Our founders were smart enough to know that. It is why they wrote the constitution. And if you had the ability to live back when the constitution was actually followed, you probably would feel differently. The invisible hand of free markets are more powerful than that of police states
jjeeve5 2 years ago 2
no.
police state is a solution.
all this free crap has been exploited by terrorists. less freedom in america, the better.
stealthpakfa 2 years ago
Move your dumb ass to venezuala or Iran. Let me know how it works out for you.
jjeeve5 2 years ago
@stealthpakfa
Fuck off
Miskatakeable 2 years ago
How and why are these guys on TV?
That guy on the left always disagrees with schiff just for the sake of disagreeing. He's been wrong about everything for years, and he continues to sound cocky about everything he says, despite the fact hes never been right about anything. What a fag.
audiohi 2 years ago 4
the funny thing are these are the same people who said housing prices would never go down!
a vote for schiff is a vote for liberty
IranUnderground 2 years ago 13
Bernanke is a crook & will not disclose to the American people when asked by the Senate where 500,000,000,000.00 (500 Billion) of tax dollars have gone.
MRKNIGHT 2 years ago 11
I think Peter hit the nail on the head. The banksters had insurance via the taxpayers...so why not bet it all?
What is so hard about re-enacting Glass Steagall? It worked fine for 70 years then our government started meddling, as usual.
EndTheFedRes 2 years ago 3
You had better hope the Fed doesn't end. The Fed might end itself under Bernanke's idiotic leadership. We need a real Fed chairman like Volcker.
jdbrown371 2 years ago
jdbrown371
The Fed is responsible for everything thats going on, and you dont want them to end? Wake up. The Fed has devalued the dollar 95% since its inception in 1913. This has enslaved us. Once they are audited, people will find out how our monetary system works. END THE FED!!!
EndTheFedRes 2 years ago
The people have devalued the dollar. Banks lent to willing borrowers many of whom were eager to take advantage of credit and the magic of finance. The major source of inflation was not the Fed, it was commercial lending. The inflation created by the Fed is miniscule compared to that. The Fed is culpable in the sense that because the are the lender of last resort it creates a moral hazard in encouraging risk. Fed or no Fed, abuse of any credit system leads to economic ruin.
jdbrown371 2 years ago
jdbrown371
Are you out of your mind? How can the people cause inflation when the Fed and banks control "the magic of finance"? Look at the sub-prime fiasco. What about the inflation they're creating right now? The Fed controls inflation through raising and lowering interest rates, as well as the printing presses.
EndTheFedRes 2 years ago
id vote for peter any day. this is why i dont watch tv news
redspade04 2 years ago 5
Article 1 Sec 10 No State Shall
1) emit bills of credit ( Federal Reserve Note illegal since 1971)
2) make anyThing but gold and silver coin a Tender in Payment of debts (Goods, Services, Taxes)
Gee it kinda explains why the Federal Government was minting gold and silver coin for two hundred years.
Redbook Coins
boots920 2 years ago 5
Comment removed
ERROLCUSTERFLYNN4EVR 2 years ago
How are those morons in the Hollywood Squares even suggesting that Bernanke did anything other than outright fraud?! I just don't get the arrogance of some assholes. Is it systemic in the business community does everyone who holds positions of responsibility on wall street need to be fired so they can be replaced with someone who has common sense?
russkeller 2 years ago 3