The Fed Wins Big with Dodd's Financial Reform Bill

[chadimus84]

i am a libertarian free market advocate, and i must say, i very much enjoy your videos. please keep doing what you're doing.

[foreveralive]

Shelly, I'm just now discovering your YouTube channel, and I'm impressed with your thoughtful discussion of the various issues. I hope that you'll continue to keep us updated in the days ahead.

[toppgunn2232]

sit on my face!ill show you my robot legs!

[polarbeach]

thumb this up if you want to see her monkey .

[bc5620]

shelly ....marry me :-)

[regina627]

well time is up, the president signed it today. with the new 1099 paperwork requirements any small business owner like myself is scared. They are killing our economy. They are killing small business. they are destoying our country.

[gjonesy9]

...Just in case that doesn't completely kill America's start up community...

Dodd's bill will also require any startups to file with the Securities and

Exchange Commission and then wait four months to conduct a review...

May I ask why is it a bad thing for any company to file a financial statement

with the Securities and Exchange Commission ?

Anyone...?

[drifterted]

@gjonesy9 Why should anyone be required to? Why make a pointless law? It's not required now so why require it? It's not that it's a good thing or bad thing, it's that it is an unnecessary thing.

It's bad because you cannot cunduct business for 4 months. This is a long time to put a stop to everything when trying to start up a company. I also have never had good luck with dealing with any government entity as they tend to change the laws every 6 months and inevitable prolong processes.

[Yakko77]

Is it November yet? Dear God how much more of this can our nation take?

[1sh0t1j01nt]

Sweeter than a Chocolate Strawberry!!!!

[bc5620]

shelly..I think you should marry me :-)

[Zeldovich]

@nly8nchz

And what is the inflation rate, since you claim the Dow doesn't have real momentum? And, by what calculation are share prices and real earnings being inflated, relative to price increases beyond the Dow?

[Zeldovich]

@nly8nchz

Well, what percentage of US brokers were overweight on commodities and foreign assets in the second half of '08, the latter due to a ridiculous adherence to decoupling?

And since when is the dollar down? You mean, since the crisis high when it went up 31%, contrary to Schiff's prediction? So, as the crisis abates, shouldn't the dollar then go way down?

[ceruleana1]

End the Fed and a huge amount, possibly even most of the problems this country faces will end. Begin by AUDITING the corrupt Fed!

[cheeser01]

america is fucked, its all over. the banks fucked you in your perwitty ass. the social engineering, the manipulation techniques were done which such efficieny we'll all be apart of the globalist bee hive in no less than 50 years..

[jamakadave]

amen brudda

[hypnofan35]

It's a hell of a world and it has been that way since i've been around.  I think it has to do with space aliens who are apparently spreading their disdain for reality. Things are actually going south so quickly these days, it is hardly worth giving a shit. Big power is psycho: some people got it and most people want it or so it seems.

[redcat362]

You got my attention. Thanks for the video.

[doc7474]

If Goldman Sachs likes it you know something is wrong.

[seanrsk]

"Once a nation parts with the control of its currency and credit,

it matters not who makes the nations laws. Usury, once in control,

will wreck any nation. Until the control of the issue of currency

and credit is restored to government and recognized as its most sacred

responsibility, all talk of the sovereignty of parliament and

of democracy is idle and futile."

[locolalo1364]

WE NEED A REVOLUTION!!!!!

[areyoulookinatmepal]

thanks beautiful,this is another nail in the coffin of government thats gonna start a revolution

[TheMobocracy]

I want to marry Shelly. Oh wait I just forgot that I don't believe in marriage. Sorry to let you down Shelly.

[PowerliftingWSM]

Time for black market investment in small business. Invest locally. They can enact any legislation they like... now let them try to enforce it. Keep your powder dry folks... your being repressed and you don't even know it, yet.

[WellnessMafia]

Awesome :)

[killergames187]

Obama has told the new he will veto all bill's that take the freedom away for the FED!

[TheVampirella]

Looks like there is one moron out there who gave this video a thumbs down, which just proves there are some people who enjoy being slaves to the banksters.

[darksied50]

well said we will just give these same banksters that caused this mess more money and now woot we will give them more control to destroy our economy again woot thx shelly ill spread the word

[TheShowmebby]

Again nice video great info

[josda1000]

Shelly... is it ok if I use a part of this video in my next show?

[Erbstank]

the only way America can cure itself from the corrosive effects of "special interest groups" is by criminalizing lobbying, and holding accountable all parties conducting this criminal practice on charges of BRIBERY as well as HIGH TREASON.

Lobbying has brought America on the cusp of its demise.

[TheSpankymonkey]

@Erbstank "the only way America can cure itself from the corrosive effects of "special interest groups" is by criminalizing lobbying" - Stupid comment. Define lobbying. What about when laws hurt farmers and there is no way for them to lobby government to sort the problem? Your proposals would go against the right to speech, rights to representation and so on. Sure there might be a problem but your suggestion is more stupid than the current problem at hand.

[Erbstank]

@TheSpankymonkey

lobbyists & advocates petitioning officials using free speech is a constitutional right

however lobbying today is closely associated with big corporations & other "entities" heavily engaged in the practice of donating money, contributions, gifts to politicians & legislators in exchange of altering legislation to further personal gain

this prevalent type of lobbying is nothing but Bribery plain & simple and when bribery involves national interest then it becomes High Treason

[Voy2378]

Ignore Zeldovich... he is a known troll :)

[Zeldovich]

@Voy2378

Hmmm. So, trolls normally discuss nGDP targeting...

[rsn43]

You're really good looking and I love your videos! Thanks.

[Zeldovich]

@nly8nchz

As for Schiff, his clients haven't come close to recovering their losses yet, except in gold. He's been a disaster as a broker.

This fool adhered to decoupling, betting that the rest of the world could avoid catching a cold as the US and EU sneezed. I guess he missed the fact that they are responsible for 50% of global aggregate demand. Wow.

Instead of the dollar crashing, as he prdicted, it went up 31%, while his commodity positions collapsed.

[vorotnikova]

@Zeldovich

My friend, with Schiff I am making 10-12% in dividends every year (some of them are paid out every month). With some of my stocks I have made 130% not counting the dividends. Overall, I was up 20-30% - again without counting dividends. If I were you I would be more careful saying things like that about Peter Schiff because they are not accurate, especially if you don't have an account with him and truly don't know how the portfolios are doing. Take care.

[Zeldovich]

@vorotnikova

Over what time period were these returns made? I've listened to Schiff's radio show and there are many angry callers asking when to expect their money back. One older woman was even crying while mad. Also, I'm only going by Schiff's admission that he was wrong about decoupling and the dollar in '08, which not only destroyed his recommended investments, but entailed far higher opportunity costs.

[Zeldovich]

@vorotnikova

I had a 6 month warning about the '08 crash. The Fed wasn't maintaining the 5% nGDP target, the failure of which always happens before a sharp downturn. Hence, I was cash heavy starting in late Spring '08. I enjoyed a 31% appreciation of the dollar and used my dollars to buy assets at hugely deflationary prices near the bottom. Schiff clients have come nowhere near that performance over any time period.

[Zeldovich]

@Zeldovich

Nouriel Roubini was also cash heavy before the crash. Schiff just doesn't know what he's talking about.

[jeffe2222]

@Zeldovich Keep trying to time the market. You will get burned. Schiff on the other hand, doesn't try to time the market. His investment strategy is decidedly far more long-term than you are capable of comprehending obviously.

[Zeldovich]

@jeffe2222

Well, considering that I needn't work anymore while Schiff investors can only hope to make up for their losses, I feel pretty good. Besides, general comments like yours that don't even address specifics like nGDP and indicators such as derivatives, are meaningless.

[UnoRaza]

It is unbelievable that of all groups to give more power the unFederal ReserveLESS Euro owned corporation!

They're the ones that inserted America into this economic dumpster to begin with playing with labor/mortgage/currency supply/demand and interest rates.

[Zeldovich]

@nly8nchz

This is how to take our hit for malinvestment. The change of rGDP versus inflation is a precise metric revealing the amount of economic damage caused by shocks, as in the case of the subprime problems. There needn't have been a recession at all.

The Fed is to blame, but not for the reason Austrians claim. They let nGDP fall well below 5% in early '08.

[Zeldovich]

@nly8nchz

The Fed's job is to maintain nGDP at 5%. That's 3% real and 2% inflation. When real falls, inflation must fill the void to prevent excess economic damage. This keeps money velocity constant.

The inflation temporarily lowers real wages and debt, and boosts exports. The lower wages keep people employed and lower debt helps balance sheet problems, including government debt. The exports pick up due to the increase in relative buying power of foreigners.

[renegade2142]

Hey Shelly,

I don't know how you can keep smiling with the news you are reporting on. Everyday, the free market is becoming more of a fleeting dream and less of a reality. My cautious optimism is beginning to run low as the "Economy Czars" are destroying what was left of capitalism. All this while Americans are still letting race and the false left-right paradigm break them apart. How do you manage to crack a smile, I'm really curious because the only thing that I can manage is disgust.

[d2h4w]

elected reps are puppets of corp money masters. is this a big secret? the entities which really control the gov't/laws are beyond your control. submit like a docile sheep to lifelong domination

[cowboyjim442003]

Keep bringing the truth and those that listen will learn!

[Zeldovich]

No offense matrix lady, but you don't understand how the Fed operates or how monetary policy works.

And the Wall Street Journal ran a great story about the huge losses Peter Schiff's clients lost in '08.

[magichandpuppet]

@Zeldovich - no offense, troll, but you only pretend to be an economist on the youtubes.  Don't you have some dishes to wash?

[Zeldovich]

@magichandpuppet

I can just hire you to do my dishes.

[magichandpuppet]

@Zeldovich - I am sure that the persona you pretend to be could hire me. Unfortunately, we live in reality where you are unemployed, sucking on the government teet as a parasite on the rest of us. This is why you praise government action... because you are the government's pet.

[Zeldovich]

@magichandpuppet

lol Keep working for your living. I retired on the funds earned from betting against the loans peasants like you took out.

[magichandpuppet]

@Zeldovich - ha ha ha... at least we have some common ground. The difference is, I have actually profited from peasant loans and will continue as this casino burns in a blaze of glory... you only pretend this is your reality since McDonald's wages don't give you a whole lot of retirement funds to play with :)

[Zeldovich]

@magichandpuppet

Let's trade our portfolio records then.

[magichandpuppet]

@Zeldovich - ha ha ha... that sounds like a splendid idea. I love sharing my personal information with youtube sociopath trolls who love the federal reserve.

[Zeldovich]

@magichandpuppet

What a surprise.  lmao You're just a liar.

[magichandpuppet]

@Zeldovich - I'm sure that's what you tell yourself about everyone you leave nasty comments for.

[rgvhen]

@Zeldovich The Fed is a legal counterfeiting operation. In a natural market interest rates come down by legitimate savings. (real capital) If there are no savings, interest rates are high. The Fed creates money and pours it into the market, artificially lowering the rate of interest (acting as if savings have increased) This sends wrong investment signals to consumers and entrepeneurs, and a bubble is formed that must inevitably and necessarily bust. (recession)

[Zeldovich]

@rgvhen

lol Read my comments above.

[rydaug79]

@Zeldovich i get the feeling you are steve liesman

[Zeldovich]

@rydaug79

Liesman pwned Schiff on CNBC.

[labartic]

@Zeldovich Lies Man. :)

[rydaug79]

@Zeldovich you MUST be him! i must have missed that. send me the vid.

[rgvhen]

@Zeldovich efforts to resist the recession only prolong the adjustment process and send everyone further into debt. The disease is the boom period (the illusory prosperity), and the cure is when the bust comes. Yes it's painful and people suffer during this period, but it's like getting someone off of drugs. They will withdrawal. (for a short time only)The last thing you want to do is keep injecting them with the drug (credit). Continuing this will make the patient (economy) sicker.

[Zeldovich]

@rgvhen

Oh yeah? Where's your evidence?

[Zeldovich]

@rgvhen

Where's your evidence for any of that?

[rgvhen]

@Zeldovich Consider Bush's business cycle theory: "Wall street got drunk!" ...but what was the Bush solution? Billions of bailout dollars to all the drunks on wallstreet. The real observation should have been, "who supplied the liquor?" The Fed did. In a true free market you wouldn't have this kind of "enabler", banks and corporations would not be careless (drunk). But of coarse their going to gamble with cheap credit passed out by the Fed. It's not real investment capital. (true savings)

[Zeldovich]

@rgvhen

Bush was a disaster, but was not primarily responsible for the '08 crash.

[livefreeordie2008]

@Zeldovich you seriously are out of your mind. Do you realize you are like the only person I can find,besides a few others,that think the Fed is doing a good job and that Peter Schiff is an idiot. Kind of funny how most Americans think the Fed should be audited,about half think the Fed should be outright ended.

[livefreeordie2008]

@livefreeordie2008 I also find it funny that you claim they know nothing,yet Schiff has over 22,000 subs,and Shelly has over 6,000 subs,while the lowly Zeldovich has only 16. The same lowly Zeldovich that blocked me from commenting on his videos because I told people to stop watching his videos and to give them Thumbs Down as he was only trying to get his view counts. Classic Bitch move.

[Zeldovich]

@livefreeordie2008

I'm a private investor and mathematical psychologist. Why should I have a lot of subscribers? That's just dumb.

Besides, MSNBC, the Obama channel, and even Britney Spears have far more subscribers than Schiff.

You have no critical thinking skills.

[livefreeordie2008]

@Zeldovich i wasnt comparing their channels to to those creatons,i was comapring them to yours as you guys discuss the same topics,Economics. So who has no critical thinking skills?

[Zeldovich]

@livefreeordie2008

yep

[livefreeordie2008]

@Zeldovich yep. you have no critical thinking skills.lol

[Zeldovich]

@livefreeordie2008

Anyone can read the stupid crap you posted above and see what a moron you are.

# of subsribers  lol

[livefreeordie2008]

@Zeldovich well it would be fair to compare my subs to yours if i had videos talking about economics,but i dont,ive never posted 1 video since ive been on youtube,i just fav and give a video thumbs up or down.

So in other words EPIC FAIL! Also, kind of funny everyone in these comments sees you as the moron not me,so uh yeah another EPIC FAIL!

[Zeldovich]

@livefreeordie2008

How popular a perspective is, especially within a single youtube audience, has nothing to do with its soundness. Any contrary suggestion is just stupid.

By your idiotic attempt at logic, the fact that an overwhelming majority of economists throughout the world share my perspective would easily trump the opinions of a small subset of non-economist youtubers.

You're just dumb.

[livefreeordie2008]

@Zeldovich You're just a tool. Kind of funny these Austrian economists were able to predict the financial crisis,and none of your tool Keynesian economists were able to.

[Zeldovich]

@livefreeordie2008

Crying about an economic crisis being just around the corner since '71 do not predictions make.

[Zeldovich]

@livefreeordie2008

I did block you, but it was an accident. I unblocked you when I noticed my mistake. You can comment on my videos again. I don't believe in censorship.

[Zeldovich]

@livefreeordie2008

Very few people think the Fed is doing a good job. I don't think they are.

[MrMindfucker]

Is the goverment saying corporations for the corporations or is the e-democracy managed by google? Yeap! Now corporations are considered person's so it will be a unlevel playing field in 2012. An elitist representative democracy aka dictatorship !

[Zeldovich]

@MrMindfucker

Very good point.

[TheArJist]

yes but who are the lobbyist? who are the Bankers? who is the Media? why do we settle on hiding criminals? why are there so many safe words? NWO, Fed, Lobbyists, and the UN? instead of waiting on RP. lets start asking the tough questions the politicians are too afraid to ask. It is time to life the curtain.

[HOLLYWOODILLUSION]

How come every time I hear the words "Financial Reform" I feel the iron fist coming down on the people?

[Yakko77]

More govt bureaucracy! WE'RE SAVED!!!!

Ugh. Hurry up November. We need to vote these crooks out!

[johnstonsimon]

The gorgeous Shelly gives me bad news yet I'm still surprisingly happy.

Shelly is the best.

[kenjams]

No surprise. I guess you can bribe anyone when you can print unlimited fiat money.

[klard]

Just another huge failure for the idea of the government representing the interests of the citizens.

[cbr6864]

its a done deal why not stop already with the dog and pony show and not even bother voting on bills i mean why they dont even read them

[Drake3209]

Thanks Shelly. Congress always finds new ways to hurt the public and we pay their salaries.

[doobsta]

The FED is criminal, END IT!

[im1greatman]

@doobsta Don't forget the IRS, END IT!

[doobsta]

@im1greatman

One and he same...hang the IMF criminals too while your at it too!

They all need to go UN, World bank, BIS, NATO, politicians in general the whole thing.

All are criminal, all living off the BACK of humanity.

[STOPPUCKNOW]

the email and phone calls and letters really stopped health care in its tracks

[morningmayan]

great points and great vid. I"m so glad you brought up the angel investors and how much this will hurt them and all new start up biz. This bill is rotten- who's paying off Dodd?

[prplspyder]

We need oversight, but not Corporations overseeing smaller investors!!! This bill was supposed to get the Fed to oversee the big corporations. This is a travesty.

[th86stone]

good work

[tyronebiggums3]

.

Thanks for the video, Shelly.

.

I hate Dodd. Here is what he thinks of us...

Dodd said he will offer legislation to help consumers weather the credit crunch

These are areas where I think the American consumer can benefit,'' Dodd told reporters

``It seems to me appropriate that we take steps to provide some relief for the consumer,'' Dodd said.

.

You're not human, your a "consumer" in his mind.

.

[pluggindahoes]

5***** GREAT VID