if this is such a great idea then print enough to pay off all the debt and then there will be no interest payments either,,,lets take it a step further, let everyone print enough to pay off their personal debt to...its getting even more fantastic, lets print even more so we can all have a million dollars..wowowowowow
OK. I dont do this very often but... FUCK OFF!!! WE'RE NOT BUYING YOUR FUCKING BULLSHIT ANYMORE YOU VAMPYRIC SONS OF BITCHES!!!... "SONS OF BITCHES ALL"
If weaker currency is helpful for an economy, than pre-Nazi Germany should have been an economic powerhouse. Why were Germans burning marks for fire??? The mark was worthless, and it was cheaper to burn marks than firewood. Is this what we ultimately want???
Actually, the definition they have is correct. Yeah it's dangerous but it's a last resort that has worked each time. We just have to be careful with giving too much leway
The video sounds great until you realize that we have nothing to export because we no longer have a manufacturing sector. So, "Quantitative Easing" - read printing more cash - simply increases the price of goods which are now mostly imported goods, which means our money which is now cheaper can only buy less stuff because we are paying a premium for buying bonds from Goldman Sachs.
Worse, printing more money means that our assets (savings, etc.) is now worth proportionally less, for the simple reason that printing more money is no easy fix. You know, the money is printed the less your money is worth. Otherwise, everyone from Argentina to Greece would be doing it. DUH!
Has anyone noticed what is happening with Switzerland right now? Sounds like they are wishing their currency were weaker.... you know like that "crazy" idea I floated here earlier. Check out the WSJ for these two stories: UPDATE: Switzerland Caps The Franc Amid Threat Of More Action ...... and..... Swiss Supermarkets Cut Prices on Franc Strength
People who get the inflated money first, benefit from it most. When they create the $ and hand it out, those recipients get to purchase real assets with inflated dollars at pre-inflated prices. The recipients are the banks and others in political favor. They can also store it for the next crash and buy up everything in sight at discount prices. This is how the wealth gets concentrated, it's not rocket science.
I guess you've not purchased a gallon of gas lately. Health care costs? Higher than ever (unless you are on the dole and just don't know what you're talking about because the government is already taking care of you?). Clearly, you're no smarter than an animated talking bear yourself.
Still with the the Zimbabwe comparisons? Wow... inflation today: 3.6% Inflation average since 1913: 3.24% Get a grip. QE was rightfully battling deflation and most of you have missed the point and spent too much time watching conspiracy videos and campaign rhetoric from Ron Paul. Socialism? Please.
@klezmando lol are you retarded the view count is a tally of people who watched it and the other video is winning there too. The like to dislike bar is a ratio of how many people agree and clearly people are smarter than this propagande. The other video is of course correct it doesnt take any understanding to figure that out look at the view count like you said, it wins there, and look at the like bar on the other video and the dislike bar here
@Sonofman1231 3.24% from where? CPI? The same numbers that are manipulated to exclude anything that would indicate the true inflation rate? The same numbers that drop steak when it gets too expensive and adds in hamburger, comparing steak prices of yesterday to hamburger prices today to tell you food costs are going down? Look at food prices, look at oil prices, look at prices of goods & PMs, those will show you the true rate of inflation, not the government manipulated numbers from the CPI.
An amateur-made video mocking inflationary monetary policy is "psychological warfare on the American people"? Wow, someone needs to get some perspective...
Let me get this straight...the govt makes our currency worth less so we can buy less from other ppl and that is supposed to be good?
ha ha...real reason treas/fed/admin want to keep us dollar low is as a handout to labor unions...the bush admin was playing the same game (but not as much) so as to bail-out big u.s. exporters...either way is wrong and known as better-thy-neighbor policy...believe the real "quantitative easing" vid...not this one
@BemusedTIger Yep that's his point right there. He wants us to have a weaker currency, the mark of a Poorer country, so we can sell goods to other countries who have a stronger currency, the mark of a more wealthy currency. This is viewed as good.
His supposed solutions to our trade issues is to for all effects, make us poorer in general than those we would be selling to.
Outstanding. We should all listen to him and spend more money. Again. Er, I mean, again. Whoops I mean, again.
This is BS, there is a long list of taxes that have gone up under Obama. The ObamaCare bill alone put new taxes on insurance policies, HSA's, medicine, medical devices etc etc and that is just for starters.
You are completely downplaying inflation. Remember, inflation is the worst tax on citizens, and yes, people have been finding their basic necessities dramatically rising in price recently.
The person who made this response did not answer the points made in the previous cartoon/ video. They also repeatedly made mention that this is too complex for people to understand...
Here are the questions I think were left unanswered:
1. Is there any evidence that "Quantitative easing" worked when it was tried before
2. Does Goldman Sachs benefit from the transacton?
3. Could the Fed buy the treasuries directly from the US treasury? and if so why not?
Oh Jesus. We are reduced to dueling cartoons. If people keep talking maybe they'll believe it....let's keep making the bankers rich....while the republicrats, and democricans ruin our country.
Wow. Prices are up "slightly?" Housing is 20-30% over their normal level, AFTER FALLING for the last few years. Food (at home) is up 7.9%, energy is up 20.1%, clothing is up 4.8%, automobiles over 8%, motor fuel over 18%. These are UDL Bureau of Statistics data, annualized, seasonally adjusted, ending June 2011. You have a very strange definition of the word "slightly."
Ya, cuz we sure are "increasing our manufacturing and jobs" HAHAHHAHA What liberal drivel. Yes, its strategically smart to weaken our dollar. WHO THE HELL BELIEVES THAT!?!!??! Oh ya, people who bought that Hope and Change garbage. Vote Herman Cain 2012!!! We need a real outsider that understands business and has ..wait for it.. leadership experience. DOH!
Let's say that to feed your family you need at least three loaves of bread. You have only one loaf and five mouths to feed so you cut the bread into five pieces. According to QE if you cut the one loaf into fifteen pieces you will have three loaves of bread. Anyone supporting this argument is insane or evil - insane if they can't see the solution is an illusion and evil if they know damn well what the truth is but perpetrate the idea anyway. Who's guilty of psychological warfare against us?
I'd like to be able to sell this video to gardening centers. It is such PURE B/S you can grow stuff in it. John Maynard Keynes was more of a saboteur than an economist. First his math (the multiplier effect) is pure magic, not reality and his comments on one of his most abundant products, inflation, shows his system victimizes the productive and prudent in any society it is adopted by.as it devalues the compensation for labor and the stored value of savings
I agree. QE2 works and is not dangerous. There is a TON of proof about what it has done to stimulate the economy while reducing the unemployment rate. Why, just look at...um....then there's....shoot. I thought this would be easier. I guess this guy is drinking the Obama-aide.
Taxes have only gone down because it takes more of our dollars to pay for 'things' leaving less money for taxes in the first place. The percentage went down due to inflation.
So rising prices and diminishing savings doesn't matter as long as exports go up...
I heard a lot of 'my evil twin lies and is propogandizing' and not a lot of fact. There's an easy way to make us a manufacturing country again: eliminate minimum wage.
"half-truths and making it appear as if it is the corporations and big banks that actually benefit from quantitative easing" PROVE HIM WRONG! You can have huge exports and still starve your people! (N Korea)
@fizzingwhizbeee Eliminating minimum wage only makes sense to those who don't understand that workers have to pay rent and buy clothes and groceries. When real estate is affordable to those making minimum wage, then you can talk about impoverishing the impoverished. Real estate, utilities, clothing, food, "insurance"...all the essentials of life are played to the highest bidder and biggest sucker in the US. That's capitalism, and people listening to talking heads.
@michaelclueless Its harder to pay the bills when your unemployed. PS I would have worked for less than minimum if I could find a bakery that was willing to put up with me. Businesses shouldn't have to be "hiring" or "not hiring", everything has a price.
@fizzingwhizbeee You're right; if I had a choice between being unemployed and working for less than minimum wage, I would take the job. In fact, I'm living that situation. I'm working two jobs, neither of which is in my field, or even closely related, and one of them pays substantially less than minimum wage.
So we're doing something to help our economy which is basically to hurt our economy so that it's weaker than others in the hopes that they will buy our stuff? LOL WUT
the basic effect of QE is to increase money supply through expanding balance sheet which leads to INCREASING inflation, INCREASING asset price, LOWERING long term interest rate, POSSIBLE currency depreciation, and it is an uncommon way of stimulating economy. before subprime crisis only japan was notably using this method because their call rate is at zero percent
For our 2010 taxes we were set to actually get back a small amount of money. Then at the very end we to the part about Making Work Pay Tax Credit. We suddenly OWED $700. That was a wonderfull surprise.
Few brave leaders including - but not limited to: Hitler, mugabe and idi amin once also experimented with "quantitive easing"/printing more money..... and the results have been mixed to say the least....... this is a method used by illogical autocrats to save an economy on the verge of failure... you cant have something for nothing.. a credit without a debit of some sort.... it defies logic.....FOR THE SAKE OF THE WORLD ECONOMY (IM NOT AMERICAN) PLEASE BRING BACK SOME FORM OF THE GOLD STANDARD
Few brave leaders including - but not limited to: Hitler, mugabe and idi amin once also experimented with "quantitive easing"/printing more money..... and the results have been mixed to say the least......... this is a method used by illogical autocrats to save an economy on the verge of failure... you cant have something for nothing.. a credit without a debit of some sort.... it defies logic.....FOR THE SAKE OF THE WORLD ECONOMY (IM NOT AMERICAN) PLEASE BRING BACK SOME FORM OF THE GOLD STANDARD
Wow. This is possibly the most illogical bit of propagandistic obfuscation I have ever heard. It is as if Goldman Sachs and the Fed hired George Orwell to write an essay with the mandate to use spurious statistics compiled exclusively by criminals to argue that the criminals are innocent. I completely agree with the last line: do your own research, but don't think that the Fed or the government or any form of Big Money are trustworthy sources for your data.
Doesn't that mean the raw materials we buy from other countries to manufacture goods will cost more after quantitative easing? How does that help American manufacturing again?
QE makes your country's exporters SEEM like they grow in the short term, as it boosts profits. However exporters make LESS money due to hyper-inflation QE creates (the same dollars are worth far LESS after QE). QE induced "fake growth" occurs without any new jobs or real business expansion. In-fact these companies who haven't had to work any harder for their dollars become even more prone to DOWNSIZE and LAY OFF EMPLOYEES as they look to maximize profits further.
Garvey-- The reason China's exports are so huge is that they have huge capital reserves to finance capital investments, high savings rates that increases capital, very few rules, regulations and mandates on business, low taxes, cheap labor, a well educated workforce, a government that is pro business, little labor union troubles, high corporate profit margins, high R&D spending, a lot of competition, solvent banks, etc. In spite of cheap currency..
Jesus Tittyfucking Christ, this is stupid. Yes, the big banks totally hate the fed. Right. They can't stand it when they are able to rip everyone off right and left, then get bailed out by the fed time and time again. They totally hate getting a free ride. They hate the fed buying up their worthless assets at prices several times above market value. I mean, that's why the major banks are the major shareholders in the fed, right? Exactly how brainwashed to you have to be to believe that?
No offense intended, but you sir are an idiot. I'd like you find one instance in history where inflating the money supply led to long term economic prosperity. If this were 500 years ago, Bernake would be an alchemist looking for the philosophers stone.
LOL!!! This video is a joke. If simply printing money to weaken your currency is a good thing, then Zimbabwe's exports must be booming.... Sure, short-term exports are cheap, BUT, import cost are higher, debt rises, inflation rises, your currency is devalued, standard of living falls, interest payments rise, trade deficits rise, interest rates eventually increase and your economy collapses.
@samuraiconservative - a weaker dollar makes US exports cheaper than our competition and foreign goods more expensive. This drives trade deficits DOWN not UP. It makes MANUFACTURING goods in the US more attractive.
China has been playing this game with us by artificially pegging the yuan low to the dollar - making Chinese goods even cheaper here than they would ordinarily be.
Yes pseudo knowledge is dangerous, but the fact remains that people will rather watch bears debating all this shit, than to go to fed.gov or wtf. Laziness and indiference, along with asshole politicians, have buried several critical facts on a thick sheet of brainwashed patriotism and other shit
well the QE isnt so bad. This video got that right, but all that bull about it working to weaken the currency to boost exports isnt the point. Remember economics isnt common sense. Just because you think it makes sense doesnt mean its actually true. Its a real point that higher inflation means less unemployment, look up something called the Phillips Curve.
I'm glad when it comes to fiscal policy its not done by voting.
You don't become "more competitive in exports" when, after giving your shit away for bananas you find that you can't buy the raw goods to make stuff, moron
If you think America doesn't export anything you are wrong. We export airplanes and pharmaceuticals, corn and soybeans, cars and car parts, computers and other electronics. Intel and AMD both have factories in the US, as do Boeing and plenty of other companies. We don't export cheap crap that you would stamp "made in the USA" on like clothes. We export things that are too big (airplanes) or too small (semiconductors and pills) for you to see a stamp on. US manufacturing output grows every year.
But america doesn't export! I haven't bought anything prodced in the US for years now. 71% of your GDP is consumer spending. So why would you devalue your currency, it only makes all your imported goods more expensive and you wipe out people's savings. It's madness! You are borrowing money to pay off old loans, do you really think that can continue? The US empire will crash like the Soviet Union . When the world starts to flood all your worthless papers back by the trillions youll get ur justice
This must be the Ben Bernanke and The Goldman Sachs channel. Just be honest you bastards. Its the banks causing all the problems in our world. Its the bankers who ultimately print and take all our money. Its a great scam.
The original video used empirical evidence, while this video looks like it was made by some big government, ultra-liberal, idealist college student who was simply reading definitions straight out of a textbook, and regurgitating it without actually knowing anything about the practical ramifications of such assertions.
Oh, and I LOVE how they tell you at the end that to educate yourself about the effectiveness of government economic policy, you should visit treasury.gov. LOL, and if you want to educate yourself on the health effect of cigarettes, visit the Philip Morris and BAT LLC web sites. It's their product, so they would know best about it. Don't listen to those lying, self-interested doctors who spout half-truths and wage psychological warfare on the American people.
Notice how the original "QE Explained" builds a case with facts and straightforward logic (with one mistake - taxes haven't gone up - but that was tangential to the point), while this video is mostly pure rhetoric, laced with some double-talk and *ahem* half-truths. It doesn't actually refute any part of the first video, it just summarily denies it, commits ad hominem fallacies (impugning the motives rather than addressing the substance), and makes a bunch of unsubstantiated assertions.
If a weaker dollar is better for exporters and therefore all Americans then surely it follows that a VERY weak dollar is better yet. Thus if the dollar goes to almost zero, it should be a very good thing indeed. A barrel of Saudi, Canadian or Libyan oil may cost a bit more in worthless dollars but what the heck, at least exports will presumably boom.
I like how the previous video mostly consisted of statements of fact, while this one starts with a series of personal attacks and repeats TV show talking points.
So the economy continues to fail, jobs aren't happening, oil is going through the moon, et cetera. Seems as time passes the fact becomes clear that quantitative easing is a criminal activity attacking the US people.
Hmm... 'a weaker dollar'... that strangely like the dollar losing its value, which is what is happening and what the QE critics have been saying all along. But wait, when the dollar loses its value doesn't the cost of what the US buys from other countries (our imports) go up? Yes, so things start to cost more including imports (which currently exceed the value of all exports). So we get inflation, which is also exactly what QE critics are saying. This video is garbage.
Funny as well that you say it is good for our debt, dunno about you buy MY debt is locked in! I can't renegotiate my MORTGAGE so if I owe 150k on my house and at the same time my money is worth less I can still pay off a little easier. But when I can't afford my jeans or to keep my lights on it becomes a moot point. OH and one other thing, what about the baby boomers who are on fixed incomes now? or my 88 yr old grandmother? Her retirement is worth a 1/3 of what it was....what a douche
I like how this video simultaneously claims that QE doesn't cause inflation, and that QE makes US products more competitive due to changes in currency value.
@TBSchemer The video says explicitly multiple times that QE does cause inflation. Inflation is good for people who are in debt, or a lot of average Americans. That's cause inflation causes salaries to increase while the principle on debt remains exactly the same. In other words, inflation causes people's real debt to decrease. Corporations like banks and car companies, to whom the average American is often indebted, don't like this. Because the money they are owed is suddenly worth less.
@TBSchemer Look at a college economics or business textbook -- the same books that are used to teach the future CEOs of major corporations, and they will say the exact same thing. There is also a lot of historical precedent for big business trying to stop inflation measures in recessions. For example, in 1874 Congress passed legislation called the Inflation Bill to essentially "print more money." President Grant vetoed the measure because of intense business opposition.
1. The US is a net IMPORTER. Exports are a small part of our economy so improving our export position helps a small segment of the economy and only a little.
2. It will increase the cost of our Imports...the things that most Americans buy.
3. It encourages people to take their savings OUT of the US where the interest rates are low, and instead invest in foreign countries where the interest rates are higher.
4. Foreign investment DOES increase foreign spending on US exports but it also increases foreign spending on other foreign exports such as exports from Japan, Korea, Germany and other export countries besides the US. So in effect, the US decreases the value of its own currency, decreases the value of savings in the US, and may encourage the buying of exports from countries other than the US.
5. Because 'QE' is temporary it will NOT create a more export industries in the US. Current exporters will temporarily see a boost but no intelligent person with an understanding of business or economics will create a NEW export company because there is no actual long term increase in foreign demand for US goods; we are simply creating an export bubble.
This video was created in response to the original and is intended to be deceptive. Now the Zionist bankers are making videos because people are seeing their true colors and they are on the run. Educate yourself. There is no difference between Democrats and Republicans. It is merely a soap opera created by the banks to manipulate the people. Be wise. Wake up. Just because someone says Obama is wrong or Bush was wrong means nothing. Step outside your predisposition for a minute and study.
BOOSTING EXPORTS?!?! WHAT DO WE PRODUCE THAT ANOTHER ADVANCED ECONOMY WOULD PURCHASE? HOW FAR WOULD WE HAVE TO DRIVE DOWN REAL WAGES TO COMPETE IN THE INDUSTRIES WHERE MOST EXPORTS ARE PRODUCED?
Hey! And by the way: Quantitative Easing will help us grow our exports? WHAT exports? We don't manufacture anything anymore, remember? These people need to go. We've got to end the Fed.
Sure! Quantitative Easing" can help exports by gutting the dollar and making American products cheap to buy abroad. But what does it do to those of us trying to live on American dollars? It guts our life savings and decreases our buying power to such an extent that since the establishment of these criminals in the Federal Reserve the dollar has lost 95% of it's goddamn buying power.
Sponsored and paid for by your friendly regional Federal Reserve board and Goldman Sachs. This probably has Robert Rubin's good seal of approval too. And, if you say it often enough it will eventually be true
SONOFMAN1231 IS A OBVIOUSLY TRYING TO SABATAGE THE PREVIOUS VIDEO. Just like a left wing Democrat Obama supporter Damage, Harm, Disrupt, Bankrupt our beloved Country. This Person is pulling a wool over our eyes to not prepare our Families for the fall of the US Dollar and Inflation of Food Prices. They want Riots in the streets like Louisiana. People Please don't fall this everyhting will be allright. Food Storage and Lots of Ammo and pay down your Debts and keep statements as proof.
This video sufferes from a foundational falicy. Main issue, the US manufactures very little any more. Close to 90% of consumer electronics is imported (100% of televisions). With the underlying foundation being false, the entire arguement is false.
QE lowers the cost of domestic labor. People can't buy as much with their paychecks. Not good. It also increases the cost of imported goods and resources. Not good. It also temporarily lowers interest rates sending false signals to entrepreneurs. The quantity of the factors of production (steel, tractors and people) remains the same, but the money supply increases. Everyone bids up prices. They squander and waste the resources b/c of the illusion of plenty. Not Good. Ludwig von Mises!
Quantitative Easing devalues the dollar. It is unsupportive of a strong dollar and it is does not support the maintenance of the dollar as the world's reserve currency. The authors of this video clearly do not understand QE and are blatantly partisan. The fed has always mainatined that they are in favor of a strong dollar. QE shows us all that they are not telling the truth.
It is true that QE2 may increase export competitiveness...BUT stop and think:
Quantitative easing counters deflation and leads to the depreciation of the American Dollar. QE is a FORM OF COMPETITIVE CURRENCY DEVALUATION, which is something that USA keeps criticizing China for her artificial undervaluation of the Yuan. Developing economies such as Brazil have responded to the QE by foreign market intervention or capital controls. USA is starting a currency war, a race to the bottom....no?
Classic. This second year economics-student shows all sign of the Keynesian academic brainwash. And one day, in maaany years, he will think: "Oh fvck, ALL my models are based on the people acting rationally and maximazing their utility!? But thats not valid!?? OH NO THEY'VE TOUGTH ME LIES!!"
In responce to you saying that the world uses the dollar as thier standard currancy... You are aware, that prior the Dollar being the global standard, there was another standard currency, called the Deutschmark, it was standard until after WWI when the German government stared using QE to pay off its major debter(the USA). Befor that it was Brittan, who printed money to pay off German Bankers...funny how that works when a nation prints money fewer people accually want it.
The FED is useless. Put the dollar back on a standard that means something. IF not gold, something else tangible. Otherwise, the FED is using hocus pocus because the money has no value.
every other argument about this subject is pointless
nice how u glossed over how the price of imports will go up. Very useful things are on the imported list. Like oil many foods and technology products. Some of those things we simply cant get on our own and/or dont have the infrastructure to produce it here. Its clear you have not considered all the effects of devaluing the dollar.
Thats the sound of the point going over Sonofman's head. We did the QE 2 years ago. The results have been disastrous. Please make another video and explain how QE has helped us so far, and how another dose will help us now. This was the point. When you can explain that, you will have less thumbs down.
This video might make more sense if the "slight" rise in groceries and incidentals were actually slight. Gas is up by more than a dollar. Produce and grains are up by about 40% and in the last week or so have been climbing on a daily basis along with gas. Mr. Obama hasn't had time to reduce taxes and in his own campaign rhetoric never promised to do so. Give the Fed the benefit of the doubt; they may really be as stupid as they look and not criminally insane greedy whore-mongers.
OMG OMG! You sir have no bloody idea what you are talking about! How the %^* would a weaker dollar (USD) be beneficial to us?! You are out of your mind! I agree buy gold or silver but the USD is done for. We can only be the reserve for so long and that is shortly coming to an end.
Not saying I agree with the arguments posed in this video, but it is a fact that a lower dollar helps export markets; i.e., our dollar being down helps us export more U.S. products abroad, thereby bringing more money into the country and (hopefully) creating jobs, etc.
@jasonkyeager Were you under the delusion that the US produces much of anything other than raw materials anymore? Some cars but mostly car parts and if you listened to the video he said himself one) corporations will seek other countries to produce to export to the US and two) we will pay more for imports. What have you bought lately that wasn't made in China?
Unfortunately the US doesn't produce even many raw materials. I agree that the US economy should be producing real things again, that that's the way to keep jobs here and keep the economy vibrant. I was just mentioning that a lower US currency can serve export markets and keep jobs in the country (in theory). But this comes at a cost. Also, mainly what our economy exports, as I understand it, is "services" (telecoms, technology, finance, etc.). agreed we need to produce real stuff
@wagoneeraz I think the nature of your reaction shows that you are not being thoughtful or rational about this at all. I'm saying there are certain costs and benefits associated with a weaker dollar relative to other currencies (i'm not talking about inflation, i'm referring to exchange rates, though of course they're related to an extent), and while everybody is going out of their minds about inflation, I'm trying to make a point that for certain things a lower dollar is better.
Wow, what propaganda. Sure, manipulating your currency down can help exports, but it also causes inflation, screws those who save, increases the cost of energy etc etc.
If you want to make the cost of our domestically made products cheaper and make incentives to do business here, how about you lower the cost of government from 3.9 trillion a year to say under 2 trillion. How about you reverse the buttload of taxes and damaging regulation that drives jobs and wealth out.
It's deregulation and the opportunity to hire workers in foreign countries who have a much poorer standard of living than US workers are accustomed to that drives jobs out of the country. If you think it's taxes and regulations that make hiring Chinese workers more appealing, guess again. Cost of living and expectations for standards of living are so different no matter how low taxes got here, many of those jobs will never return.
@jasonkyeager Our workers are MUCH more productive. If the cost of govt was cheaper more companies and jobs would stay. Some will go due to cheap labor, but the more jobs stay the better off it is, Regulations pick winners and losers and are often corrupt. They also drive the cost of domestic small and medium sized competition up, thus eliminating competition for the internationals and those who can buy influence.
@TalkerOne Do you really think we were better off when Standard Oil was a monopoly and could manipulate prices, when large corporations polluted the environment and sickened people at will, when children under 15 were working 10 hour days in hazardous factory conditions? Those of the kinds of things we had before regulations. Regulations must be smartly and sincerely enforced, and I agree there is corruption, but to argue against all regulations is to serve small group of executives
Always remember Norton's First Law: Big business loves big government, which is why big business loves domestic taxes and regulation because it keeps the small and medium sized competition out of the competition. It also causes inflation, so ultimately it is you who pays and the poor who are hardest hit. All in the name of "sticking it to the big guys" on YOUR behalf.
@TalkerOne Last I checked, big business really hates big government. The only sense in which they love it is when they are able to influence the political process through outsized campaign and PAC contributions (which is too often), which the Supreme Court idiotically sanctioned in the Citizens United decision... CORPORATIONS ARE NOT PEOPLE
Let’s just say that the interest rates will lower if the Government purchases these bonds. How does that stimulate the economy when half the country is already broke and lost there cars and homes? Go in more debt at a better rate?
Why do you think the economy is in shambles in the first place. The U.S. economy is based on debt, and until we move away from that habit, the ice will always be thin and breaking. You can not decrease debt caused problems by creating and encouraging more debt.
Study the Austrian Business Cycle Theory!!!
dleksen 1 day ago
Hey, give me 10 trillion dollars. Problem solved.
dleksen 1 day ago
@sonofaman, just change your name to slaveofaman.
dart7585 2 weeks ago
The Goldman Sachs is behind this silly curtain.
skmarden 1 month ago
I went to the grocery store today. Everything costs more.
jme6141994 1 month ago
if this is such a great idea then print enough to pay off all the debt and then there will be no interest payments either,,,lets take it a step further, let everyone print enough to pay off their personal debt to...its getting even more fantastic, lets print even more so we can all have a million dollars..wowowowowow
2cruela 1 month ago
OK. I dont do this very often but... FUCK OFF!!! WE'RE NOT BUYING YOUR FUCKING BULLSHIT ANYMORE YOU VAMPYRIC SONS OF BITCHES!!!... "SONS OF BITCHES ALL"
WAKEUPNOWDAMMIT 2 months ago
You stole Darth Vader's lightsaber...oh wait, that is the dislike bar.
SuperSpaceMaster 2 months ago
If weaker currency is helpful for an economy, than pre-Nazi Germany should have been an economic powerhouse. Why were Germans burning marks for fire??? The mark was worthless, and it was cheaper to burn marks than firewood. Is this what we ultimately want???
njnyhc 2 months ago
HAHAHA I think Goldman Sachs funded this "explanation" video.
brandonofthedead 2 months ago
Actually, the definition they have is correct. Yeah it's dangerous but it's a last resort that has worked each time. We just have to be careful with giving too much leway
bebejuiceexo 2 months ago
Wow, cant believe how stupid you think we all are! Nice try.
lunarmonstrosity 3 months ago
The video sounds great until you realize that we have nothing to export because we no longer have a manufacturing sector. So, "Quantitative Easing" - read printing more cash - simply increases the price of goods which are now mostly imported goods, which means our money which is now cheaper can only buy less stuff because we are paying a premium for buying bonds from Goldman Sachs.
kittydukakis 4 months ago
Worse, printing more money means that our assets (savings, etc.) is now worth proportionally less, for the simple reason that printing more money is no easy fix. You know, the money is printed the less your money is worth. Otherwise, everyone from Argentina to Greece would be doing it. DUH!
kittydukakis 4 months ago
The old switcheroo..... Oh, how retarded.
seppsters 4 months ago
Has anyone noticed what is happening with Switzerland right now? Sounds like they are wishing their currency were weaker.... you know like that "crazy" idea I floated here earlier. Check out the WSJ for these two stories: UPDATE: Switzerland Caps The Franc Amid Threat Of More Action ...... and..... Swiss Supermarkets Cut Prices on Franc Strength
Sonofman1231 5 months ago
This is so original. (Gag)
AbuGrabIt 5 months ago
People who get the inflated money first, benefit from it most. When they create the $ and hand it out, those recipients get to purchase real assets with inflated dollars at pre-inflated prices. The recipients are the banks and others in political favor. They can also store it for the next crash and buy up everything in sight at discount prices. This is how the wealth gets concentrated, it's not rocket science.
mikejadoti 6 months ago
I guess you've not purchased a gallon of gas lately. Health care costs? Higher than ever (unless you are on the dole and just don't know what you're talking about because the government is already taking care of you?). Clearly, you're no smarter than an animated talking bear yourself.
ArizAlly 6 months ago
Still with the the Zimbabwe comparisons? Wow... inflation today: 3.6% Inflation average since 1913: 3.24% Get a grip. QE was rightfully battling deflation and most of you have missed the point and spent too much time watching conspiracy videos and campaign rhetoric from Ron Paul. Socialism? Please.
Sonofman1231 6 months ago
@Sonofman1231 A quick glance at the like (or in this case the dislike) bar will clearly show which video about quantitative easing is correct :)
Thumbs up for correct information. Dislike this video of misinformation.
BudDub67 6 months ago 2
@BudDub67 This is only a tally of people who watched these. What makes that the correct information?
klezmando 4 months ago
@klezmando lol are you retarded the view count is a tally of people who watched it and the other video is winning there too. The like to dislike bar is a ratio of how many people agree and clearly people are smarter than this propagande. The other video is of course correct it doesnt take any understanding to figure that out look at the view count like you said, it wins there, and look at the like bar on the other video and the dislike bar here
BudDub67 4 months ago
@BudDub67 Thanks for calling me "retarded" .
klezmando 3 months ago
@Sonofman1231 3.24% from where? CPI? The same numbers that are manipulated to exclude anything that would indicate the true inflation rate? The same numbers that drop steak when it gets too expensive and adds in hamburger, comparing steak prices of yesterday to hamburger prices today to tell you food costs are going down? Look at food prices, look at oil prices, look at prices of goods & PMs, those will show you the true rate of inflation, not the government manipulated numbers from the CPI.
mikejadoti 6 months ago
An amateur-made video mocking inflationary monetary policy is "psychological warfare on the American people"? Wow, someone needs to get some perspective...
SilasX 6 months ago
Let me get this straight...the govt makes our currency worth less so we can buy less from other ppl and that is supposed to be good?
ha ha...real reason treas/fed/admin want to keep us dollar low is as a handout to labor unions...the bush admin was playing the same game (but not as much) so as to bail-out big u.s. exporters...either way is wrong and known as better-thy-neighbor policy...believe the real "quantitative easing" vid...not this one
BemusedTIger 6 months ago
@BemusedTIger Yep that's his point right there. He wants us to have a weaker currency, the mark of a Poorer country, so we can sell goods to other countries who have a stronger currency, the mark of a more wealthy currency. This is viewed as good.
His supposed solutions to our trade issues is to for all effects, make us poorer in general than those we would be selling to.
Outstanding. We should all listen to him and spend more money. Again. Er, I mean, again. Whoops I mean, again.
Premier112 6 months ago
This is BS, there is a long list of taxes that have gone up under Obama. The ObamaCare bill alone put new taxes on insurance policies, HSA's, medicine, medical devices etc etc and that is just for starters.
TalkerOne 6 months ago
this video is an epic fail
gmartins 6 months ago 2
You are completely downplaying inflation. Remember, inflation is the worst tax on citizens, and yes, people have been finding their basic necessities dramatically rising in price recently.
iammrbeat 6 months ago
@FuckYouGeorge4title I'm glad this country is filled with thoughtful commentators like yourself. Be an adult and quit the name-calling.
jasonkyeager 6 months ago
Making our products "more competitive" means making them cheaper by lowering the value of the dollar.
liOVERLOADil 6 months ago
RON PAUL 2012
END THE FEDERAL RESERVE
PUT THE BANKSTERS IN JAIL
eamonearly 6 months ago
The person who made this response did not answer the points made in the previous cartoon/ video. They also repeatedly made mention that this is too complex for people to understand...
Here are the questions I think were left unanswered:
1. Is there any evidence that "Quantitative easing" worked when it was tried before
2. Does Goldman Sachs benefit from the transacton?
3. Could the Fed buy the treasuries directly from the US treasury? and if so why not?
4. Explain Lower $ value = zero inflation
dsgraphita 6 months ago
You couldn't even find one person to record this with you, so you had to play both characters?
phastermonkey 6 months ago
Oh Jesus. We are reduced to dueling cartoons. If people keep talking maybe they'll believe it....let's keep making the bankers rich....while the republicrats, and democricans ruin our country.
drenM1A1 6 months ago
Wow. Prices are up "slightly?" Housing is 20-30% over their normal level, AFTER FALLING for the last few years. Food (at home) is up 7.9%, energy is up 20.1%, clothing is up 4.8%, automobiles over 8%, motor fuel over 18%. These are UDL Bureau of Statistics data, annualized, seasonally adjusted, ending June 2011. You have a very strange definition of the word "slightly."
stedillie 6 months ago
Ya, cuz we sure are "increasing our manufacturing and jobs" HAHAHHAHA What liberal drivel. Yes, its strategically smart to weaken our dollar. WHO THE HELL BELIEVES THAT!?!!??! Oh ya, people who bought that Hope and Change garbage. Vote Herman Cain 2012!!! We need a real outsider that understands business and has ..wait for it.. leadership experience. DOH!
buckZor 6 months ago
ROFL, a lot of talking points, no facts..
shadydavy 6 months ago
"...let the economy flail around..."
spoken like a true central planner. Good job guys, keep up the good work.
beavis408 7 months ago
Haha, the government is taking steps to strengthen the economy. That's rich.
Paetaor 7 months ago
Let's say that to feed your family you need at least three loaves of bread. You have only one loaf and five mouths to feed so you cut the bread into five pieces. According to QE if you cut the one loaf into fifteen pieces you will have three loaves of bread. Anyone supporting this argument is insane or evil - insane if they can't see the solution is an illusion and evil if they know damn well what the truth is but perpetrate the idea anyway. Who's guilty of psychological warfare against us?
akgutube1 7 months ago
I'd like to be able to sell this video to gardening centers. It is such PURE B/S you can grow stuff in it. John Maynard Keynes was more of a saboteur than an economist. First his math (the multiplier effect) is pure magic, not reality and his comments on one of his most abundant products, inflation, shows his system victimizes the productive and prudent in any society it is adopted by.as it devalues the compensation for labor and the stored value of savings
Mouneye2 7 months ago
This video is so misinforming!!! I Hope it doesn't fool anyone.
Go watch the original.
Then go watch " NWO Secret Societies and Biblical Prophecy Vol. 1 "
This explains what is happening to the world economy and why.
Plug604 7 months ago
u suck
kapil1ly4u 8 months ago
QE2 is extraordinarily dangerous. Show us the proof bjjdiver! Zimbabwe is a good example of how bad this policy works.
aithiopis 8 months ago
I agree. QE2 works and is not dangerous. There is a TON of proof about what it has done to stimulate the economy while reducing the unemployment rate. Why, just look at...um....then there's....shoot. I thought this would be easier. I guess this guy is drinking the Obama-aide.
bjjdiver 8 months ago 2
Taxes have only gone down because it takes more of our dollars to pay for 'things' leaving less money for taxes in the first place. The percentage went down due to inflation.
DerekAKimbro 8 months ago
So rising prices and diminishing savings doesn't matter as long as exports go up...
I heard a lot of 'my evil twin lies and is propogandizing' and not a lot of fact. There's an easy way to make us a manufacturing country again: eliminate minimum wage.
"half-truths and making it appear as if it is the corporations and big banks that actually benefit from quantitative easing" PROVE HIM WRONG! You can have huge exports and still starve your people! (N Korea)
fizzingwhizbeee 8 months ago
@fizzingwhizbeee Eliminating minimum wage only makes sense to those who don't understand that workers have to pay rent and buy clothes and groceries. When real estate is affordable to those making minimum wage, then you can talk about impoverishing the impoverished. Real estate, utilities, clothing, food, "insurance"...all the essentials of life are played to the highest bidder and biggest sucker in the US. That's capitalism, and people listening to talking heads.
michaelclueless 7 months ago
@michaelclueless Its harder to pay the bills when your unemployed. PS I would have worked for less than minimum if I could find a bakery that was willing to put up with me. Businesses shouldn't have to be "hiring" or "not hiring", everything has a price.
fizzingwhizbeee 7 months ago
@fizzingwhizbeee You're right; if I had a choice between being unemployed and working for less than minimum wage, I would take the job. In fact, I'm living that situation. I'm working two jobs, neither of which is in my field, or even closely related, and one of them pays substantially less than minimum wage.
michaelclueless 7 months ago
@michaelclueless Ah, you own a small business too eh? ;)
fizzingwhizbeee 7 months ago
@fizzingwhizbeee LOL! You might say I'm investing in one.
michaelclueless 7 months ago
So we're doing something to help our economy which is basically to hurt our economy so that it's weaker than others in the hopes that they will buy our stuff? LOL WUT
447GHT 8 months ago
the basic effect of QE is to increase money supply through expanding balance sheet which leads to INCREASING inflation, INCREASING asset price, LOWERING long term interest rate, POSSIBLE currency depreciation, and it is an uncommon way of stimulating economy. before subprime crisis only japan was notably using this method because their call rate is at zero percent
KuhoinX 8 months ago 3
Hmmmm we'll just have to see who is right but I have a feeling that its not this video, I may be wrong though.
EasyEs 8 months ago
All Fiat currencies fail. It is a fact of history. QE just hurries it along,
jaker277 8 months ago
this is a very good video, well said and well explained.
shirusubemonaku 8 months ago
This has been flagged as spam show
++ Jetzt kann man EXCLUSIV Handy's orten! freetunes.bplaced.net ---> dann ein "Gefällt mir" und ihr seit freigeschaltet ;)
Falconfoxi 8 months ago
@sonofman1231 are you Ben Bernanke?!!!
overether 8 months ago 2
For our 2010 taxes we were set to actually get back a small amount of money. Then at the very end we to the part about Making Work Pay Tax Credit. We suddenly OWED $700. That was a wonderfull surprise.
Surannhealz 8 months ago
I'd make bacon from this corporate pig
popopeoepo 8 months ago
Few brave leaders including - but not limited to: Hitler, mugabe and idi amin once also experimented with "quantitive easing"/printing more money..... and the results have been mixed to say the least....... this is a method used by illogical autocrats to save an economy on the verge of failure... you cant have something for nothing.. a credit without a debit of some sort.... it defies logic.....FOR THE SAKE OF THE WORLD ECONOMY (IM NOT AMERICAN) PLEASE BRING BACK SOME FORM OF THE GOLD STANDARD
cvh23 9 months ago 2
Few brave leaders including - but not limited to: Hitler, mugabe and idi amin once also experimented with "quantitive easing"/printing more money..... and the results have been mixed to say the least......... this is a method used by illogical autocrats to save an economy on the verge of failure... you cant have something for nothing.. a credit without a debit of some sort.... it defies logic.....FOR THE SAKE OF THE WORLD ECONOMY (IM NOT AMERICAN) PLEASE BRING BACK SOME FORM OF THE GOLD STANDARD
cvh23 9 months ago
@cvh23 No. I prefer to export inflation to the rest of the world.
WarmongerWW3 9 months ago
Wow. This is possibly the most illogical bit of propagandistic obfuscation I have ever heard. It is as if Goldman Sachs and the Fed hired George Orwell to write an essay with the mandate to use spurious statistics compiled exclusively by criminals to argue that the criminals are innocent. I completely agree with the last line: do your own research, but don't think that the Fed or the government or any form of Big Money are trustworthy sources for your data.
patrickw999 9 months ago 6
Doesn't that mean the raw materials we buy from other countries to manufacture goods will cost more after quantitative easing? How does that help American manufacturing again?
pudamn 9 months ago
QE makes your country's exporters SEEM like they grow in the short term, as it boosts profits. However exporters make LESS money due to hyper-inflation QE creates (the same dollars are worth far LESS after QE). QE induced "fake growth" occurs without any new jobs or real business expansion. In-fact these companies who haven't had to work any harder for their dollars become even more prone to DOWNSIZE and LAY OFF EMPLOYEES as they look to maximize profits further.
squishells 9 months ago
Riffdex69--Really nice argument.... Lol
samuraiconservative 9 months ago
Garvey-- The reason China's exports are so huge is that they have huge capital reserves to finance capital investments, high savings rates that increases capital, very few rules, regulations and mandates on business, low taxes, cheap labor, a well educated workforce, a government that is pro business, little labor union troubles, high corporate profit margins, high R&D spending, a lot of competition, solvent banks, etc. In spite of cheap currency..
samuraiconservative 10 months ago
@samuraiconservative
I know somebody who flunked economics!
riffdex69 9 months ago 3
Jesus Tittyfucking Christ, this is stupid. Yes, the big banks totally hate the fed. Right. They can't stand it when they are able to rip everyone off right and left, then get bailed out by the fed time and time again. They totally hate getting a free ride. They hate the fed buying up their worthless assets at prices several times above market value. I mean, that's why the major banks are the major shareholders in the fed, right? Exactly how brainwashed to you have to be to believe that?
mixtliful 10 months ago
This message brought to you by, THE US GOVERNMENT
BuffaloTPU 10 months ago
there you go, if you want the truth go to the govt website? good thinking you must model yourself after your obvious partys mascot...the jack***
urbugnme 10 months ago
No offense intended, but you sir are an idiot. I'd like you find one instance in history where inflating the money supply led to long term economic prosperity. If this were 500 years ago, Bernake would be an alchemist looking for the philosophers stone.
Jazzfighter 10 months ago
This Video is Trash
lloyddaroyd 10 months ago
This vid was actually supposed to be a social documentary about Zimbabwe.
HexTest 10 months ago 18
LOL!!! This video is a joke. If simply printing money to weaken your currency is a good thing, then Zimbabwe's exports must be booming.... Sure, short-term exports are cheap, BUT, import cost are higher, debt rises, inflation rises, your currency is devalued, standard of living falls, interest payments rise, trade deficits rise, interest rates eventually increase and your economy collapses.
samuraiconservative 10 months ago 3
@samuraiconservative - a weaker dollar makes US exports cheaper than our competition and foreign goods more expensive. This drives trade deficits DOWN not UP. It makes MANUFACTURING goods in the US more attractive.
China has been playing this game with us by artificially pegging the yuan low to the dollar - making Chinese goods even cheaper here than they would ordinarily be.
garveymf1969 10 months ago
Don't sabotage the bears again. At least the real ones know the truth. Freakin clones. Be original.
SyCreations 10 months ago
720 people don't--oh wait, there are way more of those.
BrotherAtticus 10 months ago
Yes pseudo knowledge is dangerous, but the fact remains that people will rather watch bears debating all this shit, than to go to fed.gov or wtf. Laziness and indiference, along with asshole politicians, have buried several critical facts on a thick sheet of brainwashed patriotism and other shit
jaa93997 10 months ago
Look, a Troll! Say, 80k vews, you've done well for yourself.
Randinification 10 months ago
Look, a Troll! Say, 80k wiews, you've done well for yourself.
Randinification 10 months ago
Comment removed
spunkyweirdo 10 months ago
Wait, 0:18-0:36 ? Ok I stopped watching after that statement...
AroundSun 10 months ago
Goldman Sach must've posted this.
outkst012l 10 months ago
who believes this shit is beyond me
MrFelixxx999 10 months ago
Comment removed
MrVTECKiller 11 months ago
I think this guy is trying to show how dumb the FED and the government is.
josephross87 11 months ago
well the QE isnt so bad. This video got that right, but all that bull about it working to weaken the currency to boost exports isnt the point. Remember economics isnt common sense. Just because you think it makes sense doesnt mean its actually true. Its a real point that higher inflation means less unemployment, look up something called the Phillips Curve.
I'm glad when it comes to fiscal policy its not done by voting.
CerberusBrown 11 months ago
This must have been produced by a highschool kid.
cmottram 11 months ago
You don't become "more competitive in exports" when, after giving your shit away for bananas you find that you can't buy the raw goods to make stuff, moron
Sinisterene 11 months ago
FAIL
slugga06 11 months ago
"Is quantitative easing really so bad? Not if you want to create jobs"
WHERE'S THE JOBS?
Oh, I'm sorry for using "psychological warfare" to point out your bullshit. lmao
b2bdown 11 months ago
It looks like the Bernanke and the Krugman have learned how to use The YouTube.
PenguinProseMedia 11 months ago 13
@PenguinProseMedia Well, at least the finally learned something after all of this time that we have been paying them.
Joe11Blue 11 months ago
If you think America doesn't export anything you are wrong. We export airplanes and pharmaceuticals, corn and soybeans, cars and car parts, computers and other electronics. Intel and AMD both have factories in the US, as do Boeing and plenty of other companies. We don't export cheap crap that you would stamp "made in the USA" on like clothes. We export things that are too big (airplanes) or too small (semiconductors and pills) for you to see a stamp on. US manufacturing output grows every year.
l33360 11 months ago 2
@l33360 and don't forget bombs and guns and attack helicopters
3xbraunson 11 months ago
But america doesn't export! I haven't bought anything prodced in the US for years now. 71% of your GDP is consumer spending. So why would you devalue your currency, it only makes all your imported goods more expensive and you wipe out people's savings. It's madness! You are borrowing money to pay off old loans, do you really think that can continue? The US empire will crash like the Soviet Union . When the world starts to flood all your worthless papers back by the trillions youll get ur justice
numbersvsalphabet 11 months ago
This must be the Ben Bernanke and The Goldman Sachs channel. Just be honest you bastards. Its the banks causing all the problems in our world. Its the bankers who ultimately print and take all our money. Its a great scam.
End the Fed. April 1st and November 22, 2011.
rhawk301 11 months ago
Is this from the desk of 'The Bernank'???
juanitodelgrande 11 months ago
Whoever did this video is completely wrong!!! and ignorant!!!
jmotz3 11 months ago
This video brought to you by The Goldman Sachs
END THE FED
GrimJerr 11 months ago
This has been flagged as spam show
The original video used empirical evidence, while this video looks like it was made by some big government, ultra-liberal, idealist college student who was simply reading definitions straight out of a textbook, and regurgitating it without actually knowing anything about the practical ramifications of such assertions.
mase5701 11 months ago
Comment removed
mase5701 11 months ago
the ben put this one out
gojiiii 11 months ago
Oh, and I LOVE how they tell you at the end that to educate yourself about the effectiveness of government economic policy, you should visit treasury.gov. LOL, and if you want to educate yourself on the health effect of cigarettes, visit the Philip Morris and BAT LLC web sites. It's their product, so they would know best about it. Don't listen to those lying, self-interested doctors who spout half-truths and wage psychological warfare on the American people.
This video is textbook propaganda.
bis225 11 months ago 2
Notice how the original "QE Explained" builds a case with facts and straightforward logic (with one mistake - taxes haven't gone up - but that was tangential to the point), while this video is mostly pure rhetoric, laced with some double-talk and *ahem* half-truths. It doesn't actually refute any part of the first video, it just summarily denies it, commits ad hominem fallacies (impugning the motives rather than addressing the substance), and makes a bunch of unsubstantiated assertions.
bis225 11 months ago 4
If a weaker dollar is better for exporters and therefore all Americans then surely it follows that a VERY weak dollar is better yet. Thus if the dollar goes to almost zero, it should be a very good thing indeed. A barrel of Saudi, Canadian or Libyan oil may cost a bit more in worthless dollars but what the heck, at least exports will presumably boom.
stryker314159 11 months ago
this was probably made by some government official
green95gt 1 year ago
I like how the previous video mostly consisted of statements of fact, while this one starts with a series of personal attacks and repeats TV show talking points.
shmeebegek1 1 year ago
This has been flagged as spam show
lol @ this video
leavesofliberty 1 year ago
So the economy continues to fail, jobs aren't happening, oil is going through the moon, et cetera. Seems as time passes the fact becomes clear that quantitative easing is a criminal activity attacking the US people.
22Lansdowne 1 year ago
This video was made by the Goldman Sachs and the Ben Bernank.
achalmers 1 year ago
Hmm... 'a weaker dollar'... that strangely like the dollar losing its value, which is what is happening and what the QE critics have been saying all along. But wait, when the dollar loses its value doesn't the cost of what the US buys from other countries (our imports) go up? Yes, so things start to cost more including imports (which currently exceed the value of all exports). So we get inflation, which is also exactly what QE critics are saying. This video is garbage.
bcandatree 1 year ago
Funny as well that you say it is good for our debt, dunno about you buy MY debt is locked in! I can't renegotiate my MORTGAGE so if I owe 150k on my house and at the same time my money is worth less I can still pay off a little easier. But when I can't afford my jeans or to keep my lights on it becomes a moot point. OH and one other thing, what about the baby boomers who are on fixed incomes now? or my 88 yr old grandmother? Her retirement is worth a 1/3 of what it was....what a douche
cullenstagg 1 year ago
To the maker and poster of this video, you are an idiot.
cullenstagg 1 year ago
rates went higher 1 day after QE2. 10y bond rates went up!!! it is taking the unrest in middle east to cruve rates......
MrCheckitout123 1 year ago
I can't stand listening to this video. What idiot uses the same voice for both rolls?
gracej25 1 year ago
@gracej25 Probably the same kind of idiot who thinks roles is interchangeable with rolls. Just a guess.
TheDadonTheRun 1 year ago
I like how this video simultaneously claims that QE doesn't cause inflation, and that QE makes US products more competitive due to changes in currency value.
That's quite a self-contradiction there.
TBSchemer 1 year ago 29
@TBSchemer it didnt say it doesnt, it says it is unlikely to
TheGib981 8 months ago
@TBSchemer The video says explicitly multiple times that QE does cause inflation. Inflation is good for people who are in debt, or a lot of average Americans. That's cause inflation causes salaries to increase while the principle on debt remains exactly the same. In other words, inflation causes people's real debt to decrease. Corporations like banks and car companies, to whom the average American is often indebted, don't like this. Because the money they are owed is suddenly worth less.
brendanwm814 7 months ago
@TBSchemer Look at a college economics or business textbook -- the same books that are used to teach the future CEOs of major corporations, and they will say the exact same thing. There is also a lot of historical precedent for big business trying to stop inflation measures in recessions. For example, in 1874 Congress passed legislation called the Inflation Bill to essentially "print more money." President Grant vetoed the measure because of intense business opposition.
brendanwm814 7 months ago
QE won't help for several reasons.
1. The US is a net IMPORTER. Exports are a small part of our economy so improving our export position helps a small segment of the economy and only a little.
2. It will increase the cost of our Imports...the things that most Americans buy.
3. It encourages people to take their savings OUT of the US where the interest rates are low, and instead invest in foreign countries where the interest rates are higher.
wedge1269 1 year ago
4. Foreign investment DOES increase foreign spending on US exports but it also increases foreign spending on other foreign exports such as exports from Japan, Korea, Germany and other export countries besides the US. So in effect, the US decreases the value of its own currency, decreases the value of savings in the US, and may encourage the buying of exports from countries other than the US.
wedge1269 1 year ago
5. Because 'QE' is temporary it will NOT create a more export industries in the US. Current exporters will temporarily see a boost but no intelligent person with an understanding of business or economics will create a NEW export company because there is no actual long term increase in foreign demand for US goods; we are simply creating an export bubble.
wedge1269 1 year ago 2
This video is 110% bullshit. Obviously a total idiot made this or it is a joke of some kind.
lickdacat2 1 year ago 2
This video was created in response to the original and is intended to be deceptive. Now the Zionist bankers are making videos because people are seeing their true colors and they are on the run. Educate yourself. There is no difference between Democrats and Republicans. It is merely a soap opera created by the banks to manipulate the people. Be wise. Wake up. Just because someone says Obama is wrong or Bush was wrong means nothing. Step outside your predisposition for a minute and study.
norfids 1 year ago
BOOSTING EXPORTS?!?! WHAT DO WE PRODUCE THAT ANOTHER ADVANCED ECONOMY WOULD PURCHASE? HOW FAR WOULD WE HAVE TO DRIVE DOWN REAL WAGES TO COMPETE IN THE INDUSTRIES WHERE MOST EXPORTS ARE PRODUCED?
FUCK OFF MERCANTILIST
kovelev 1 year ago
LInk doesn't work...
interwebfun 1 year ago
Hey! And by the way: Quantitative Easing will help us grow our exports? WHAT exports? We don't manufacture anything anymore, remember? These people need to go. We've got to end the Fed.
TwinMountain 1 year ago
Sure! Quantitative Easing" can help exports by gutting the dollar and making American products cheap to buy abroad. But what does it do to those of us trying to live on American dollars? It guts our life savings and decreases our buying power to such an extent that since the establishment of these criminals in the Federal Reserve the dollar has lost 95% of it's goddamn buying power.
TwinMountain 1 year ago
Sponsored and paid for by your friendly regional Federal Reserve board and Goldman Sachs. This probably has Robert Rubin's good seal of approval too. And, if you say it often enough it will eventually be true
dkadagian 1 year ago
SONOFMAN1231 IS A OBVIOUSLY TRYING TO SABATAGE THE PREVIOUS VIDEO. Just like a left wing Democrat Obama supporter Damage, Harm, Disrupt, Bankrupt our beloved Country. This Person is pulling a wool over our eyes to not prepare our Families for the fall of the US Dollar and Inflation of Food Prices. They want Riots in the streets like Louisiana. People Please don't fall this everyhting will be allright. Food Storage and Lots of Ammo and pay down your Debts and keep statements as proof.
baiyoboi 1 year ago
This video sufferes from a foundational falicy. Main issue, the US manufactures very little any more. Close to 90% of consumer electronics is imported (100% of televisions). With the underlying foundation being false, the entire arguement is false.
Robbob9933 1 year ago
The Ben Bernanke made 97 accounts.
zOMGLaserGunzPewPew 1 year ago
QE lowers the cost of domestic labor. People can't buy as much with their paychecks. Not good. It also increases the cost of imported goods and resources. Not good. It also temporarily lowers interest rates sending false signals to entrepreneurs. The quantity of the factors of production (steel, tractors and people) remains the same, but the money supply increases. Everyone bids up prices. They squander and waste the resources b/c of the illusion of plenty. Not Good. Ludwig von Mises!
Talamanca3 1 year ago
Quantitative Easing devalues the dollar. It is unsupportive of a strong dollar and it is does not support the maintenance of the dollar as the world's reserve currency. The authors of this video clearly do not understand QE and are blatantly partisan. The fed has always mainatined that they are in favor of a strong dollar. QE shows us all that they are not telling the truth.
Docmai1 1 year ago
It is true that QE2 may increase export competitiveness...BUT stop and think:
Quantitative easing counters deflation and leads to the depreciation of the American Dollar. QE is a FORM OF COMPETITIVE CURRENCY DEVALUATION, which is something that USA keeps criticizing China for her artificial undervaluation of the Yuan. Developing economies such as Brazil have responded to the QE by foreign market intervention or capital controls. USA is starting a currency war, a race to the bottom....no?
yellowjupiter 1 year ago
Classic. This second year economics-student shows all sign of the Keynesian academic brainwash. And one day, in maaany years, he will think: "Oh fvck, ALL my models are based on the people acting rationally and maximazing their utility!? But thats not valid!?? OH NO THEY'VE TOUGTH ME LIES!!"
...those b-st-rds
111076tom 1 year ago
In responce to you saying that the world uses the dollar as thier standard currancy... You are aware, that prior the Dollar being the global standard, there was another standard currency, called the Deutschmark, it was standard until after WWI when the German government stared using QE to pay off its major debter(the USA). Befor that it was Brittan, who printed money to pay off German Bankers...funny how that works when a nation prints money fewer people accually want it.
kelaEQ2 1 year ago
Try doing a bit of research into history, open your eyes, and remove your head from Bens arse
SacharNabai 1 year ago
You have to ignore what is going on, and creating money from thin air is QE QE steals from our bank accounts. Audit the FED!
darrylmueller 1 year ago
If QE was the be-all end-all solution, why didn't it work before?
This video is just garbage.
Nine1215 1 year ago
the guy who made this is a clown.
The FED is useless. Put the dollar back on a standard that means something. IF not gold, something else tangible. Otherwise, the FED is using hocus pocus because the money has no value.
every other argument about this subject is pointless
myarbonnecoaches 1 year ago
nice how u glossed over how the price of imports will go up. Very useful things are on the imported list. Like oil many foods and technology products. Some of those things we simply cant get on our own and/or dont have the infrastructure to produce it here. Its clear you have not considered all the effects of devaluing the dollar.
DarkBioCloud 1 year ago
@DarkBioCloud That's a good point, there are many sides to consider.
jasonkyeager 6 months ago
*woosh*
Thats the sound of the point going over Sonofman's head. We did the QE 2 years ago. The results have been disastrous. Please make another video and explain how QE has helped us so far, and how another dose will help us now. This was the point. When you can explain that, you will have less thumbs down.
Waruins 1 year ago
This video might make more sense if the "slight" rise in groceries and incidentals were actually slight. Gas is up by more than a dollar. Produce and grains are up by about 40% and in the last week or so have been climbing on a daily basis along with gas. Mr. Obama hasn't had time to reduce taxes and in his own campaign rhetoric never promised to do so. Give the Fed the benefit of the doubt; they may really be as stupid as they look and not criminally insane greedy whore-mongers.
jimprjayp 1 year ago
Looks like Bernanke finally learned how to post a video on You Tube.
allenrutledge 1 year ago
@allenrutledge Awesome comment.
jimprjayp 1 year ago
OMG OMG! You sir have no bloody idea what you are talking about! How the %^* would a weaker dollar (USD) be beneficial to us?! You are out of your mind! I agree buy gold or silver but the USD is done for. We can only be the reserve for so long and that is shortly coming to an end.
wagoneeraz 1 year ago
@wagoneeraz
Not saying I agree with the arguments posed in this video, but it is a fact that a lower dollar helps export markets; i.e., our dollar being down helps us export more U.S. products abroad, thereby bringing more money into the country and (hopefully) creating jobs, etc.
jasonkyeager 1 year ago
@jasonkyeager Were you under the delusion that the US produces much of anything other than raw materials anymore? Some cars but mostly car parts and if you listened to the video he said himself one) corporations will seek other countries to produce to export to the US and two) we will pay more for imports. What have you bought lately that wasn't made in China?
jimprjayp 1 year ago
@jimprjayp
Unfortunately the US doesn't produce even many raw materials. I agree that the US economy should be producing real things again, that that's the way to keep jobs here and keep the economy vibrant. I was just mentioning that a lower US currency can serve export markets and keep jobs in the country (in theory). But this comes at a cost. Also, mainly what our economy exports, as I understand it, is "services" (telecoms, technology, finance, etc.). agreed we need to produce real stuff
jasonkyeager 1 year ago
@wagoneeraz I think the nature of your reaction shows that you are not being thoughtful or rational about this at all. I'm saying there are certain costs and benefits associated with a weaker dollar relative to other currencies (i'm not talking about inflation, i'm referring to exchange rates, though of course they're related to an extent), and while everybody is going out of their minds about inflation, I'm trying to make a point that for certain things a lower dollar is better.
jasonkyeager 6 months ago
Wow, what propaganda. Sure, manipulating your currency down can help exports, but it also causes inflation, screws those who save, increases the cost of energy etc etc.
If you want to make the cost of our domestically made products cheaper and make incentives to do business here, how about you lower the cost of government from 3.9 trillion a year to say under 2 trillion. How about you reverse the buttload of taxes and damaging regulation that drives jobs and wealth out.
TalkerOne 1 year ago
@TalkerOne
It's deregulation and the opportunity to hire workers in foreign countries who have a much poorer standard of living than US workers are accustomed to that drives jobs out of the country. If you think it's taxes and regulations that make hiring Chinese workers more appealing, guess again. Cost of living and expectations for standards of living are so different no matter how low taxes got here, many of those jobs will never return.
jasonkyeager 6 months ago
@jasonkyeager Our workers are MUCH more productive. If the cost of govt was cheaper more companies and jobs would stay. Some will go due to cheap labor, but the more jobs stay the better off it is, Regulations pick winners and losers and are often corrupt. They also drive the cost of domestic small and medium sized competition up, thus eliminating competition for the internationals and those who can buy influence.
TalkerOne 6 months ago
@TalkerOne Do you really think we were better off when Standard Oil was a monopoly and could manipulate prices, when large corporations polluted the environment and sickened people at will, when children under 15 were working 10 hour days in hazardous factory conditions? Those of the kinds of things we had before regulations. Regulations must be smartly and sincerely enforced, and I agree there is corruption, but to argue against all regulations is to serve small group of executives
jasonkyeager 6 months ago
Always remember Norton's First Law: Big business loves big government, which is why big business loves domestic taxes and regulation because it keeps the small and medium sized competition out of the competition. It also causes inflation, so ultimately it is you who pays and the poor who are hardest hit. All in the name of "sticking it to the big guys" on YOUR behalf.
TalkerOne 6 months ago 2
@TalkerOne Last I checked, big business really hates big government. The only sense in which they love it is when they are able to influence the political process through outsized campaign and PAC contributions (which is too often), which the Supreme Court idiotically sanctioned in the Citizens United decision... CORPORATIONS ARE NOT PEOPLE
jasonkyeager 6 months ago
Let’s just say that the interest rates will lower if the Government purchases these bonds. How does that stimulate the economy when half the country is already broke and lost there cars and homes? Go in more debt at a better rate?
Why do you think the economy is in shambles in the first place. The U.S. economy is based on debt, and until we move away from that habit, the ice will always be thin and breaking. You can not decrease debt caused problems by creating and encouraging more debt.
TLDMO