Conversations with History: Elizabeth Warren

[teerexness]

Has this woman ever uttered the words "Federal Reserve" in her life? She nibbles around the edges plenty, but I can't say I've ever heard her strike anywhere near the root of the problem or how it works. I don't trust people who can spend hours speaking about economic inequalities, corporate greed, government bribery etc. without ever mentioning where it all starts. Either she is ignorant, or she is just another obfuscating stooge to keep people from looking at that man behind the curtain.

[namesake1]

@teerexness - I believe she has made comments on it, but while the Fed is no doubt a problem, calling them the "root" of all the problems is a bit hyperbolic. All of those problems existed before the Fed was established as well so you might want to rethink your theory.

[teerexness]

@namesake1, where are these comments? Also, the Federal Reserve and it's inevitable collusion with statism is indeed the root of the problem. And you may want to revisit your relationship with the history of money creation. Private central banking has been around long before the Federal Reserve. And with similar results. Since our government is now almost completely dependent on borrowed money, and private central bankers create that "money", I hardly think calling them the root is hyperbole.

[namesake1]

@teerexness I won't get dragged into some big rant on money and the federal reserve. My only complain with your first post was the claim that corruption, inequalities, corporate greed, etc. all stem at the Federal Reserve when that doesn't seem to be true. The Fed likely does damage, but all those existed before its establishment. Your hyperbolic rhetoric does little to convince those who don't already agree with you. If you toned it down a bit, you might find people more willing to listen.

[teerexness]

@namesake1, I don't think you (or apparently Ms. Warren) are intellectually tall enough for this ride.. Search and watch "the money masters" right here on youtube. Then we'll talk. It's going to take a lot more than a kind face and mock concern for working people to solve our problems.

[namesake1]

@teerexness @teerexness Not intellectually tall enough to ride? Do you really talk like this to everyone who disagrees with you? Or is it just because it's the internet that you think politeness doesn't matter? For a supposed Libertarian, you sure seem against individual opinion and thought.

[jeffreydebra1]

Very interesting politician. She could become president some day.

[jpereztheargus]

Fuck, I love this woman soooooo much!

[alwayssmile4u66]

Good try junior! At least your learning to write correctly. My problem with you is in your name! You make me want to take back my Gibson Les Paul Custom of 20 years so I am not reminded of mindless libs that regurgitate talking points and use other's comments as their own form letters.

[PamelaDritt]

@alwayssmile4u66 Correction: At least "you're" (not your) learning to write correctly.

[alwayssmile4u66]

@PamelaDritt Well played! My grandmother is shaking her head at me right now.

[judycorstjens]

She is such a model! I love the way she just likes that jacket and keeps wearing it!

[alwayssmile4u66]

What a waste of dna she is! Her mother should have swallowed!

[TheCatBlackwell]

@alwayssmile4u66 what an ugly ugly comment...what's most sad is you've probably no idea pathetic a comment like this proves you to be. Sucks to be you....hope your condition improves.

[alwayssmile4u66]

@TheCatBlackwell WOW! A marxist that actually reads. I figured you all stared pie-eyed at the video as you do other leftists, not reading or seeing any fine print thats in front of you with mouth ajar. Albeit, your sentence structure needs some work, but it was an attempt and that is more than most leftists can do. Warren is another big govt politician that missed her window of opportunity in '08.

[stlespaul1]

@alwayssmile4u66 WOW! A Fascist with a youtube account. I figured you all rig elections and take turns shooting other rightists, not taking ANYTHING into account as you pull triggers. Albeit, your grammar is WORLDS better than most youtube comments, but that's what rightists do; lie to the public and cover it up with a clever turn of phrase. Warren at least has enough sense to know that Mass hates the fact that Scott Brown is a liar and is THE most paid out by Wallstreet.

[renijohn012270]

@alwayssmile4u66 Damn big government socialists! Now shut up and give me my social security check, so I can travel down Interstate 80 to the Post Office, so I can send my letter to my republican senator telling him to invest more in the Military Industrial Complex, taking away rights from gays and woman, enforce the Patriot Act and using border control agents to send back the illegals!

[jaiba41]

STAY POOR, STAY JOBLESS! Vote Democrat 2012

[nickqt]

@jaiba41

You're right. Republicans will fix everything if we let them give the rest of the government away to the corporations.

Everyone will have a job then!

[ironoskar]

@nickqt It's clear you stopped paying attention the minute after you voted for Obama.

[nickqt]

@ironoskar

Never wiser words spoken! You're words are poignant and timely. Nice job!

[timothyjasonarnold]

The story about Hillary Clinton starting at 30:00 is fascinating, if not terribly surprising.

[BadLittleDoggieToo]

Supreme Court!!?? I want her to be our President of the United States!!

[muskrat50]

I loved the interview, but Harry Kreisler going mhmm over and over was hard to take.

[yasukomcleod]

OK, U.S. Senator for now, but I want her on the Supreme Court as soon as possible. Anyone disagree? I didn't think so.

[david030491]

The thing I love about Elizabeth is that she is incredibly smart and competent, but seems genuinely to be a really nice person. I think she could take Scott Brown out.

[Zacharylewis9]

I think i have a crush on Elizabeth....

[shirusubemonaku]

@Zacharylewis9 ur such a pervert

[Seasass]

@Zacharylewis9 You have good taste :)

[theovercoat0715]

Wow.. I just fell on these videos because of the "rant of dylan ratigan" and I cant stop listening to her. I feel inspired by her and she has completely made me rethink having a family and career.

[hwydaddy]

Elizabeth would make a great US Senator and why not?

[Douverwynn]

how many times does Harry say mhmm :)

[pujoe]

Elizabeth Warren (approx. 25 min): Reality driven decision-making (decisions consistent with reality rather than distorting the data to fit a pre-made decision)...refreshing nowadays. : )

[mf91007]

One thing I don't understand about these top 1% neofeudalist bankers and CEOs is that if there is no middle class, who will consume all the goods and services of the economy? The top 1% is too small to consume it all (that'd be like one guy buying 100,000 playstations you know?) and the individuals that make up the giant underclass can't spend beyond basic necessities. I don't see the plan here other than switching to some sort of vastly different economy in the long run.

[carltonbranchto]

@mf91007 - it all depends on what you mean. Poor people buy a lot of things. So the indebted working poor will still buy things for themselves and their families. The poor will still be able to buy playstations, but what they won't be able to do is demand social change...or be able to escape poverty. As for a customer base, if the US dollar declines, China's will rise, and there are a billion consumers just waiting to take their place. Visit Shanghai sometime. The future today.

[liagog]

steal a chicken, steal a dollar... the common word is STEAL

[cadvisors]

Dr.Elizabeth Warren I know would fight injustice with all her might and one by one they would fall but unless she could reign in the power of the corporations and find a way of limiting their overwelming power to corrupt by influence,our gov through these revolving doors and change the rules to satisfy their kneeds, unchallenged by congress, which is where the buck should stop. The Supreme court is a joke! The rich and powerful go there to make it legal,they don't abide by the laws of the USa.

[tanca8]

Hillary Clinton bowed to healthcare money by voting for a bill she detested, is Obama bowing to Wall Street by appointing Daley???.....the American century is coming to an end......all of their own making.....hiaz......

[hagberdceline23]

prescient

[akwinata1]

Mass media of mass destruction.

Faith gives access to reason of God and to heart of God.

[HarvardBoxer]

Yankees, your country is broke, face it... :)

[MzBoogieMonster]

I Heart Liz

[collideascope]

She is utterly believable. He should be dragged off to an Old People's home.

[collideascope]

President.

[OneStopApostille]

Just give her the job already!

[themredweirdoshow]

Wow, so decades ago major universities were handing out full-ride scholarships (plus room and board) for... DEBATE? I was an A level debater in high school, and if I had ever suggested to our debate instructor that us top debaters should defacto qualify for pre-paid college tuition, he would have laughed us out of class!

[GSfreebooks]

@themredweirdoshow Why? A full ride for people that can think on their feet is better for our country than cranking out more ballplayers. Hope you have/get your Ph.D!

[themredweirdoshow]

@GSfreebooks I ended up with degrees in Journalism and English, both worthless in the hyper corporate merger economy wave that came soon-after. My point, however, was that there was no full ride for us debaters, while everything was geared to producing ballplayers as bread and circuses entertainment for the student body. Said athletes also served the dual purpose of becoming canon fodder for military shenanigans right after graduation. Uncle Sam knew we debaters were too smart to volunteer.

[dendryite]

Ms. Warren should be president, not just a cabinet member. But then, Americans don't really like highly intelligent people, and they especially don't like females who are highly intelligent.

Just look at the long line of idiots we've had as president in this country. All are white men, except for Obama who's half-white (the racists out there only acknowledge his black half). He's also the most intelligent of the lot, which isn't saying much.

[jjcale1111]

@dendryite Nixon? Wilson?..ever heard of those guys

[ubernerd35]

The only thing keeping her from heading the CPA is liar in chief Tim Geithner.

[GSfreebooks]

@ubernerd35 Well said!

[Sarratt]

a nice womaN

[argentumliberty]

america is in trouble is a nation with no morals and the basics values that made this country big have disapear.....man behave like women and women behave like men....of course we do not think the laws of nature or god apply to us, because americans think GOD is AMERICAN

[Jasonssj]

You Tube Ron Paul and Peter Schiff to find the TRUTH

[TheToltec]

She got her wallpaper at Sears...Great:)

[tm874m765]

Thank Ms. Elizabeth I liked this video is a real conversation with real, very good this is a great example.

= Gostei este é um video de verdade com conversação de verdade , muito bom este é um ótimo exemplo.

[emotionalinvalid]

lovely human being. I also agree she should be in Obama's cabinetg

[bekiof]

Noch sind die USA nicht verloren!

Es gibt noch solche Menschen, die denken können und ihre Stimme erheben.

[julesghouls22]

She is truly inspiring. And inspiring to mothers, considering all that work she did even while raising kids. I don't really know why idiots have to comment on her appearance, which is not relevant to anything. :/

[fasteddie847]

Brains and Beauty. What more could you ask for?

[musclecarpower]

I just love her outlook of what family should be, It's too bad the wealthy elite have taken so much away from us but the real shame is we have let them do it. Tar and feathers baby. If she would run for president she would win she has very good values.

[tonybeir]

game over folks. the rich elite write the rules as they have done since the beginning of humanity.

[GSfreebooks]

@tonybeir Sorry, wrong. If a leader of a small group of humans starved or killed off some of his group for personal gain they would have a very short life. Humanity ended as soon as the idea some peoples lives have more value than others.Time to eat the rich! Bring a your own fork.

[1888junkteam]

excellent worker!

[WadeBlazingame34]

Liz Warren is my hero. Big time!!

[Ameliab2005]

Hey, just two minutes ago before finding this video I thought the same damned thing. This girl rocks my socks!

[Diosibundo]

@Ameliab2005

Haha. She rocks your socks? Thats very cute... mine too!

[DevilDogGR]

This guy is drier than a box of sand

[Elin48]

Wasn't Elizabeth Warren interviewed in Michael Moore's "Captialism: A Love Story" ?

[edguy52]

Yep! LOL

[wbmsic]

Thanks for mentioning this! I hadn't heard about it and I think I'll see if I can watch it. I really liked her in Maxed Out. I've not read her books, but I've read reviews at GetRichSlowly and I really like the concepts that she presents :)

[JuanVoyce]

CMO Laurent - Can a macro economic disease be cured with micro actions to spur "swift traction"? Making a parallel between community health and community financial-health, the answer is no. In London in the summer of 1665 the Black Death showed its face. The micro solution was to nail shut the doors of those who were stricken, and for the passerby to keep their noses in "rings", or small bouquets of posies--to deflect the toxic fog. By summer's end 15% of the population were dead.

[orbit639]

easy solution: cut your current cards into pieces, dont get new ones, and dont pay them back a dime. the banks and credit card companies would fold liek the house of cards that they are...

[Dean0000007]

If you have time. Look over Elizabeth Warrens lecture on "collapse of the middle class". I believe her point is that more and more modern families are relying on credit to pay for necessities. Wages are not keeping up with inflation for a large majority of the population.

[beasleybrother1]

it does not always work out that way because they can look it up at the store. Also, when the cards expire, they just send you a new one.

[tonybeir]

yes i found my self stimulated by this video in more ways than one.

[AudreyBoston]

At least she doesn't look like a slob the way Christopher Hitchens does!

[croutonfada]

Funny though that as much of a slob as Hitchens looks at t imes no one on his episode of this show even mentions it, they talk about morals, courage and issues he brings up. This woman deserves more than comments on her appearance; she ain't Britney Spears.

[DermochelysCoriacea]

I find it soothing listening to this woman speak, and she looks delightful.

[slave4glue]

such an inteligent woman, love listening to her, buy a new jacket tho

[bysomemistake]

A poster below said that "money & Politics are like oil & vinegar." I would say they are more like two sides of the same coin. It is with good reason that the early modern economic thinkers - Ricardo, Smith etc. - were referred to as POLITICAL ECONOMISTS. We do not have an economy, but a political economy. Today's bourgeois apologists will do anythning to obscure this fact...

[patbahn]

She makes I believe a logical argument failure.

If a 1971 family needed 1 earner and 50% of income to

meet fixed incomes, a 1970 family needed 26 paychecks to meet fixed expenses and then the rest for variable expenses,

a 2000 family needed 77 Paychecks to meet fixed expenses and 26 paychecks to cover variable expenses.

[laurentpacalin]

Despite the enormity of the task facing us, there is a good place to start where we can gain swift traction, and that is with microdecisions the innumerable individual economic decisions financial professionals and consumers make every day on a global basis. To be clear, Im not talking about trivial mini-decisions. Microdecisions are the fundamental building blocks of the economic system on all levels. This [financial] crisis started one mortgage at a time,

Laurent Pacalin

CMO at FICO

[wonaugustin]

Most of intellectual highly educated western women speaks with this speed? She speaks slowly but often abruptly too fastly trembling head and hands. I want to hear her.

[koobsmooth]

I don't understand what you mean.

[S0vereignty]

I thought the interviewer was a woman before I saw his face. >.>

[anmpir]

Great interview! I love her!

[sengseal2]

i really like elizabeth warren, you go girl, i see you being president someday! truley

ej

[PeterSodhi]

Elizabeth Warren is absolutely superb, one of the greatest intellects of our time. Thank you for the post.

[Mongodelight]

conversation with history: America is a facist state soon.

[bmaher74]

I saw Elizabeth Warren speaking on the Daily show about COP. She is the first person I've heard saying anything about the credit crisis that makes any sense to me. Now I know why, she is looking from the point of view of families and not big business. Big business should be supporting American families and not the other way around.

[dynya742]

This is very educational, esp around 40:00- comparison of spending on mortgage, clothes, food and health insurance now and a generation ago.

[tomohawk52]

Agreed, but the moral of the story is that having two cars, larger houses (especially per person), daycare, routinely eating out, more electronic junk etc. doesn't make the average family better off. Consume less and you need earn less.

[peymaania]

I am sorry, but the Clintons are the biggest self serving couple in American History. They don't care about one bit about working class or middle class folks. All that matters to them is to appear as though they care, but when push comes to shove, they will show their true colors. You'll see how voted on the bankruptcy bill. America has been, is and will be for big business, the rest of us are just cannon fodder for their schemes. I am so glad that Elizabeth Warren tries so hard, good for her.

[Chhaylin]

Hahahaha:D

that proves Darwin to be right.

[dandiacal]

Elizabeth Warren is a hero of mine. A real truth teller.

[getout777]

love 80s music. dododo

[rsjrx]

After hearing her speak, she's so attractive. I'm 24 by the way!

[ARTAUDIOJOTA]

I think Harry and Liz should get together

[bajawind]

for more on elizabeth warren, see uctv. excellent, brilliant analysis.

[followthefleet]

Elizabeth Warren tells it like it is. Too much passes "below the radar screen" for the middle class, i.e., "the masses"...while the wealthy top 1% feast. Reducing and/or eliminating taxation has been considered the golden rule of business....all business, whether it be small business, or corporate interest so well represented in Bush's corporate state, while, the economics of the American family is falling apart. Three cheers for Elizabeth Warren's message, and for her courage!

[bobbygnosis]

It's not just taxation. Look at monetary policy. Banking, as it exists currently, is a very interesting thing to study for more information regarding the depletion of our ability to feed ourselves.

[prudence999]

Are you referring to the low saving rate? With interest rates a virtually 0%, it's still a big risk for small business to loan, when fewer at able and/or willing to spend.

[bobbygnosis]

No. I'm refering to the devaluation of our currency. The cost of goods and services rises while our wages remain the same or degrade. This is what Warren means when she says that our car and rent payments are taking up more and more of our money allocation. The prices of everything rose; we can scale back on food and clothes, but we can't scale back on rent. This is important.

Monetary policy should be examined closely and thoroughly. It will ruin our country soon if we stand idle.

Peace.

[followthefleet]

O.K. I understand you...and I agree. It's crucially important. The cost of rent or mortgage, food, education, and health care are out of the control of the middle class family, even the two earner middle class family of today..so they cut back on things they can control. Another hit on such families is the credit card crunch..because they are putting some of these non-discretionary expenses on plastic, which then defaults...and hence the wildly high interest rates. It's a real crisis we are in.

[bobbygnosis]

I say what I'm about to say for those who are watching and reading. Not just for you; though, in part, maybe for you.

Our economy is based on money creation. Money is printed out of thin air on a daily basis. It is in herently debt based. All money is negative value as opposed to positive value. This is because of interest. There is more debt than there is money. To pay off the debt you must take out a loan. Which creates more debt. Which necessitates another loan. Which creates more debt . .

[followthefleet]

Yes... Monetarism is directly related to the money supply....nothing new here. The key question has always to do with the proportion of debt to income. In the USA, the private sector, though what Alan Greenspan has modestly called "irrational exuberance"...has blown that proportion sky high in a bubble of historic proportions. It won't be easy, but banks have to function...and take on new, but sensible debt...or else we are going to be...not in a recession...but in a depression.

[bobbygnosis]

The banks ought to be allowed to fail immediately. They will fail sooner or later under the currect monetary policy of fractional reserve lending. Banks are useful, yes. Necessary? No. Take away all money and wheat will still be grown. Oil will still be refined. Coffee will still be drank. Money isn't the problem. Greed is the problem. This monetary system is allowed by people who are either greedy or don't understand the significance of the policies.

Depression is imminent, by the by.

[prudence999]

Elizabeth Warren and almost all economists do not agree, that the banks should be allowed to fail. Freezing liquidity will bring the economy to a halt...and cause untolled economic pain to the middle class for years. I am writing from a truly conservative part of the country..SE PA. Here, according to the WSJ, we have the highest rate of lending in the USA. Our lending increased by almost 10% in the last four months. Why? Because of our truly conservative attitude towards money, from the start.

[bobbygnosis]

I recognize that allowing the financial sector to implode would cause some nasty repercussions. But that's because people are so attached to the concept of money. If you went to the store and asked for food you'd be laughed at. If you went to an electronics store and said you wanted a camera because you think they're fun you'd be laughed at. We should laugh at money.

What we need is a new paradigm. I know the notion is probably premature, but I think its the only way. But whatever.

Peace.

[Ameliab2005]

bobbygnosis, i sort of get what you mean, but like you said--that idea is way off the stratosphere for money-lovers. Living w/o money is like life w/o water.

[bobbygnosis]

Only to those who value material.

I do not value material or money and so my bfavorite things are helping people and enjoying whatever I can out of life. I feel that its most unfortunate that greedy people have coerced us into living a life completely dependant on money in order to survive. This is a travesty. We could use our minds for so many things that would be so much better than tabulating money earned/spent. This idea is not conventional, though.

We're better than mere money.

[GILLERANUSA]

Money & Politics are like oil & vinegar.

We're already presiding over the collapse of the middle class. Skyrocketing unemployment, pervasive predatory lending, foreclosures, bankrupcies, the collapse of consumer protections, frozen consumer credit markets. All your fears have come true. Good luck with the result of your increased credit in PA - your 'values' will, no doubt, be well-rewarded by your new friends the banks.

from a CT Conservative + 20 yr. Wall St. veteran.

[sean21122112]

I was thinking more of nationalizing the banks that are insolvent and then breaking them into smaller parts and sell them off so they're no longer to "big to fail".

[prudence999]

As a thought it's understandable, but practically, it's not gong to happen. The premise is valid: How do we get public accountability for very large private institutions, banks or corporations, that have such large impacts upon the public welfare? Socialism for bankers, which is what we have at this time, is an attempt to protect the public from their highly irresponsible private behavior. But it can not last, and we must find regulatory ways, short of nationalization, to foster accountability.

[sean21122112]

I agree I don't think it will happen, Banks don't want it and Banks control the senate. The problem is if we don't nationlize or find another way to get that kind of accountability, we're just flushing all the money given to them down the toilet, I'm pretty sure the banks still won't tell us how they spent the first 350 billion of Tarp so that money was basically wasted and probably just went into the pockets of the high level people or money spent to lobby congress to vote against cram downs.

[TerriblePoolPlayer]

living in holes, dying in holes,

Holes in out bellies and holes in our souls!

Marat, we're poor, and the poor stay poor.

Marat, don't make us wait any more!

We want our rights, and we don't care how!

We want a revolution....Now!

[flickerridge]

Elizabeth Warren should be placed in a Barack Obama cabinet. She's great.

[rseveran]

No matter who is president, the people need to examine the Federal Reserve and fractional reserve banking. Ask fundamental questions about the monetary system.

The Money Masters

Money as Debt

[beancube2008]

Money psychology is rational or irrational vs economy policy psychologies. Is ours or our parent's view of money more consistent? Since when our country became a bank of the world? Since when medic-care became an insurance industry, not a government's major progressive responsibility and people have to pay tax and medicals?

[earthanomaly]

@rseveran Yes, and we need to get rid of this government, because Federal Reserve already owns it, since it's in so much debt, while we are paying the interest in a form of taxes. Something that mass media "forgets" to mention!

[Cosbibi]

@rseveran Except, we don't have fractional reserve banking, that's a myth expounded by neo-classical economics and unfortunately taken up by lots of radical economists. Take a look at Steve Keen's article "The Roving Caveliers of Credit," in which he explains how the credit system actually works.

[stargate669]

@rseveran All money is fiat currency. The difference with America is the notes are debt notes. You do the work and those who own you get it for free.

[peymaania]

Obama is a Corporate Centrist; He is being consulted by the likes of Larry Summers, Robert Rubins, and Tim Geithner.

They are all corporate whores, whore mongers and pimps.

Nothing has really changed, Wall Street is bailed out and Main Street is left to rot.

[texas224]

@flickerridge Looks like your wish came true. She's now part of Obama's cabinet.

[earthanomaly]

@flickerridge Yes, but unfortunately honest people don't get elected or should I say selected.

[madcatzy]

Did you know that american are paying 1.22 dollar for every dollar they spend due to credit card interest rates?

[adam99c]

Does anyone know where to get this data? It seems like it should be on a government site or something.

[BubbFromGEI]

Elizabeth Warren is great!

So where did it go?:

76% increase on what people spent on a mortgage (!!), on somewhat larger homes.

74% increase on health cost

52% increase on cars: two cars (for commuting to work) !!

..... Child car

..... Taxes

Want to beat these increases??

Live in a smaller home, close to where you work, and DITCH THE CAR

Guess what? That move reduces energy use, slows global warming, and allows people to rebuild savings

[p62c61]

Wow Elizabeth you mean to tell us that "progressive" income taxes and working mothers aren't the greatest things since sliced bread.

[EmmaBeelah]

I'm gonna join the Elizabeth Warren Fan Club. My hero!