Go back to part one and take a look at the faces of Mr Geithner and Mr Bernanke. Pause the vid, the look on their faces is the look of the condemned. The look of men who know they are about to be sentenced. They can see the mass awakening of even the suits and uniforms they have found it so easy to manipulate in the past. The people are waiting and getting restless for they now know and understand the scam and are demanding corrective action from their elected mouths on sticks.
Racist morons blame this horrendous situation on Jews. It is simply wrong to blame a culture or race for this debacle when it was caused by a whole myriad of sociopaths. This type of simple minded ignorance perpetuates the fraud and distracts from identifying the real cause of this crisis.
@leland61 You wont see them very governed by the laws of THIS world, they have been allowed to get away with everything along with the printing presses .. "Give me control of a nations money and I care not who writes its laws" they said this and THEN we furnished them with our national riches. So who is going to bring them to justice when they own the entire system? And today there is almost no "justice" left in THIS world
Shrinking companies is not an option. Who will decide what the 'good' size is? After shrinking a company, why not continue with microsoft or google? There is no such thing as too big to fail. No need for regulation. Let the market decide what happens with companies. There is no need for government to fix problem, the market fixes the problems.
@leland61 You say it´s nonsense. Could you explain the mecanism that you defend? I mean mecanism i.e who is who, how each person is selected, how the system adapts etc .
The only way I know of is the market but I am happy to hear your opinion.
Horse Dung. He does stand for something already: he stands for the profit and power of his corporate masters. Why do these pundits always come back to the Republican vs Democrat false dichotomy? This is another otherwise outstanding person pointing out the problem, but a disaster of pointing towards a "solution" if that solution has anything to do with this "left vs. right" divide-and-conquer mechanism. while BOTH sides are controlled by the same oligarchs.
It would be nice to see someone with a backbone stand up to these weasels. It would be easy for Obama to correct if he had the best interest of America in his heart. He is a mere puppet.
You're thinking small. Once the economy is destroyed, the bankers, that is, the oligarchy, can BUY everything, then, they own it and they own us. It SOP in the third world. See Confessions of an Economic Hitman, or Blood Bankers.
It is so sad that the bankers and financiers in the U.S. own whichever politician sits in the White House. I believe that reducing the cost of running television ads for presidential candidates would also reduce the influence these big-money donors have on politicians responsible for regulating said donors. I'm sure this YouTube comment will ensure that this is taken care of promptly!
Prof. Black's ten points are rational and obvious; however there is absolutely no incentive for those in charge to make the changes. Papering over and declaring success has fooled most of America so nothing else needs to be done.
The cow will lick the hand that shoots it's head. Those that believe in their hero (whether R or D) will know the truth just before the trigger is pulled.
And Obama does stand for something. Himself! Listen to him talk.
Why does RN spoon feed us the segments one per day?? Why can't they upload all of them at the same time? By the time the latest one appears you have forgotten what the previous ones covered.
Obama can't do anything with the FED and this guy should know this. The Federal Reserve is totally independent of the Government and the elections of its governors is more like a selection. Has there ever been a fed chairman denied or nomination held up?
@Austyg - casting a vote is clearly a waste of time in this country... it only shows which sales pitch, presented by the banks, you are willing to fall for.
The problem with these solutions is that the Exec that control wall street will make all Americans suffer through the stock market. If you need a reminder think what happened to the stock market when the bail out failed the first time. These execs have the US by the balls and they are not afraid to squeeze.
This comment has received too many negative votesshow
This guy has some good info but he is too far up the DimLibs butt with some comments. Pubs are not one group. They have some bad cats that are tied up too close corporate big guys, just like many DimLibs. It is not left vs right nor one party vs another.. it is the bought and paid insiders vs the few good people like Ron Paul that are trying to do the work of the people. Regulations that keep theft to minimum is good but not onerous regulations that send our jobs overseas.
In today's political climate the lobbyists have thrown the same amount of money at democrats as republicans;however in the RECENT past the republicans have easily received the lions share of lobbyist pac money.
There are MANY charts that document this floating all over the internet.
I essentially agree that nowadays the democrats have completely sold out to private interests,this is why I am an Independent and will vote Obama out of office.
@zoticus1 - when the Republican sales pitch is what most morons want to hear... the Republicans get the money. When the Democrat sales pitch is what most morons want to hear, the Democrats get more of the money. At the end of the day, they are two brands of banker-sponsored sales pitches meant for the sucker who still believes that politicians are angels (and not completely bought and paid for). We will get what's coming to us.
we have corporate fascism in this country. people cry "socialism" but they won't point out the corporate communism that exists. They won't point out how corporations form trade associations, lobbying groups, and use interlocking directorates to control the working class. There isn't even a hint of corporations in the Constitution but Republican members of the Supreme Court voted to allow them to purchase politicians outright
USA doesn't like to subsidize the poor like most other industrial countries but has no problem subsidizing corporations whenever they have needed a hand.
@stanjz YOU ARE absolutely correct about this matter. My son reached the same conclusions two years ago approx. We have a PRIVATE MONOPOLISED state within a state. Is IS THE COMMUNISM of the rich.
How can one make ANY SENSE of Obama's actions--or lack of action--unless one assumes Obama is dirty; that they've got something on him prevents him from acting?
Find out what that is, and this is the story of the millenium...
isnt it hilarious how only some people really have a clue on whats going to happen in the future to our society. The many dont even have the interest span to really care about their lives. If we all did we would have been revolting a long time ago.
Reagan cut taxes>S&L crisis. As a result Bush Sr. Reagan & Clinton were forced to raise taxes. Bush Jr serving as press sec. for Cheney cut taxes+2offbudget wars>world wide credit collapse. The Fed is NOT independent. Cheney & Greenspan worked as a unit to run the Fed. They were personal friends. The bank lobby WILL NOT ALLOW REAL REGULATION. Black & Ron Paul always sound great as long as they're talking in a political vacuum. Paul talks ideals b/c he knows no one wants the hard stuff.
No one made any such assumption. Bad decisions? Many S&L's were looted by their owners b/c Reagan took away tax incentives. Both Bush & Obama were forced to bail out the banks. No TARP means zero credit which means depression. World wide depression, 25% US unemployment with billions unemployed worldwide. It didn't happen which affords ppl like Ron Paul to say "let them go under". The stock mkt would still be in the tank 401K's & pension funds would be wiped out with no chance of recovery.
My uncle ate spinach, he later died as a result, my neighbor was forced to plant more spinach and from that the price of all water went up and the African deserts expanded.
Paul talks ideals since people would know what kind of evil freak he is if he put it in practical terms.
He thinks the 50 million without health insurance are all illegal immigrants.
He wants the market to run the world, not the people so would be an extreme of what the US already is, a corporation and further divide the rich from the poor. And they would be 3rd world poor if he gets in.
it does not matter who the fed chairman is. the chaiman makes no decisions, he is just a face for the cameras. the owners of the Fed make all the real decisions.
None of the things he suggested will EVER happen. I think that is clearly obvious. Every elected official has to kiss the ring of the current financial system's robber barons or else they have no chance of being elected.
The only possible change is campaign finance reform but even that is a spit in the bucket as the real power of Wall Street is the punish legislation by selling everything and creating an artificial crash.
The Federal Reserve is illegal. The powers of currency creation belongs to Congress. Plus, an amendment world be needed to give those powers to an independent body.
Go back to part one and take a look at the faces of Mr Geithner and Mr Bernanke. Pause the vid, the look on their faces is the look of the condemned. The look of men who know they are about to be sentenced. They can see the mass awakening of even the suits and uniforms they have found it so easy to manipulate in the past. The people are waiting and getting restless for they now know and understand the scam and are demanding corrective action from their elected mouths on sticks.
sidewallfusion 6 months ago
Terrific upload. This guy is pure gold. He shines a light into some extremely dark places. Time to get into the pitchfork & lantern supply business!
Cabronosidad 9 months ago
The 2 parties are //all// sold-out WHORES to the mass murdering Debt Syndicate bankers. Never elect a DemoPublican or RepubliCrat.
centurion180ad 1 year ago
Get rid of these bastards, by ARRESTING THEM ALL!!!
centurion180ad 1 year ago 2
This administration will never do it. They are bought and paid for by the bankers. Prove to me that they aren't.
simichbrau 1 year ago
Comment removed
simichbrau 1 year ago
Racist morons blame this horrendous situation on Jews. It is simply wrong to blame a culture or race for this debacle when it was caused by a whole myriad of sociopaths. This type of simple minded ignorance perpetuates the fraud and distracts from identifying the real cause of this crisis.
igillum 1 year ago 2
If only our government were not controlled and accountable to the Rothschilds .. These people will have a lot of explaining to do in the next world
Gibson2480 1 year ago
@Gibson2480 We can't wait for the fictional "next world" they need to be brought to justice now.
leland61 1 year ago
@leland61 You wont see them very governed by the laws of THIS world, they have been allowed to get away with everything along with the printing presses .. "Give me control of a nations money and I care not who writes its laws" they said this and THEN we furnished them with our national riches. So who is going to bring them to justice when they own the entire system? And today there is almost no "justice" left in THIS world
Gibson2480 1 year ago
Shrinking companies is not an option. Who will decide what the 'good' size is? After shrinking a company, why not continue with microsoft or google? There is no such thing as too big to fail. No need for regulation. Let the market decide what happens with companies. There is no need for government to fix problem, the market fixes the problems.
MrVocalBaby 1 year ago
@MrVocalBaby Nonsense!! This is a dogma of the cult of Libertarianism.
leland61 1 year ago
@leland61 You say it´s nonsense. Could you explain the mecanism that you defend? I mean mecanism i.e who is who, how each person is selected, how the system adapts etc .
The only way I know of is the market but I am happy to hear your opinion.
MrVocalBaby 1 year ago
"Obama has to stand for something"
Horse Dung. He does stand for something already: he stands for the profit and power of his corporate masters. Why do these pundits always come back to the Republican vs Democrat false dichotomy? This is another otherwise outstanding person pointing out the problem, but a disaster of pointing towards a "solution" if that solution has anything to do with this "left vs. right" divide-and-conquer mechanism. while BOTH sides are controlled by the same oligarchs.
magichandpuppet 1 year ago 4
Obama works for the banks.
terramortim 1 year ago 4
It would be nice to see someone with a backbone stand up to these weasels. It would be easy for Obama to correct if he had the best interest of America in his heart. He is a mere puppet.
bertly71 1 year ago 2
or you need to decentralize the government more if you choose to give it more power so you won't have to rely on altruistic angles.
PsykodelikCyoldier 1 year ago 4
first: lift your right leg and spread you arms the way birds do.
second: lift your left leg
third: fly!
With righteous men in power doing all the altruistic things any utopia can be achieved. in that kind of utopia regulations could work.
But in real world regulation=the Govt has the power to regulate=INEVITABLE corruption.
the Govt having the power to regulate is what does NOT work. For Govt regulations to work we would need a Govt full of altruistic angels.
alennna 1 year ago 2
Its the Milton Freidman plan.
we are doomed
rickbar123 1 year ago 2
Thank you Mr. Black!
justaoldslave 1 year ago 2
THE ONLY CEO HELD ACCOUNTABLE
WAS THE FORMER CEO OF AIG MAURICE
"HANK " GREENBERG who was forced to resign
in 2005 by NYS AG Elliot Spitzer &, of course,
Spitzer paid the price for that. I wonder if he knew about the insuring of CDS run by Casano (casino)
of AIG? I think so. The CEO of Lehman Bros is still free & the freak CEO of Countrywide was forced to
take less money but that's about it. Spitzer
was hated on Wall St (Larry Kudlow)
for having the nerve to bring down an 80 YO icon.
danger0usknowledge 1 year ago
Black thinks the the economic destruction is an unfortunate byproduct of the Wall St. ghouls as they strive for every greater bonuses.
The reality is probably that the economic destruction of the US is the goal of the ghouls, and their bonuses just lagniappe (gravy).
flimflamman 1 year ago
@flimflamman
Highly unlikely. If the elites could suck the financial system dry while still maintaining its stability, they would probably do so.
adeadlysniper 1 year ago
You're thinking small. Once the economy is destroyed, the bankers, that is, the oligarchy, can BUY everything, then, they own it and they own us. It SOP in the third world. See Confessions of an Economic Hitman, or Blood Bankers.
flimflamman 1 year ago 2
Will Black for Treasury!
halflifeproductionz 1 year ago
Is Paul Jay drunk?
Lilheal 1 year ago
I ALWAYS DID BELIEVE WHAT HE IS SAYING.
gloyahoo 1 year ago
the fact that so few people have watched this video is indicative of how much of a problem it is.......we're all doomed ...
dankbot420 1 year ago 19
Excellent point!
iknownothingnow 1 year ago
spread the word :)
PyramidScamEconomics 1 year ago
It is so sad that the bankers and financiers in the U.S. own whichever politician sits in the White House. I believe that reducing the cost of running television ads for presidential candidates would also reduce the influence these big-money donors have on politicians responsible for regulating said donors. I'm sure this YouTube comment will ensure that this is taken care of promptly!
ubrayj02 1 year ago 2
Prof. Black's ten points are rational and obvious; however there is absolutely no incentive for those in charge to make the changes. Papering over and declaring success has fooled most of America so nothing else needs to be done.
The cow will lick the hand that shoots it's head. Those that believe in their hero (whether R or D) will know the truth just before the trigger is pulled.
And Obama does stand for something. Himself! Listen to him talk.
iknownothingnow 1 year ago 4
Why does RN spoon feed us the segments one per day?? Why can't they upload all of them at the same time? By the time the latest one appears you have forgotten what the previous ones covered.
mspookie 1 year ago
Obama can't do anything with the FED and this guy should know this. The Federal Reserve is totally independent of the Government and the elections of its governors is more like a selection. Has there ever been a fed chairman denied or nomination held up?
genefire 1 year ago
EXCELLENT interview. A CLASSIC. A MUST SEE for anyone willing to cast a vote on any election.
Austyg 1 year ago
@Austyg - casting a vote is clearly a waste of time in this country... it only shows which sales pitch, presented by the banks, you are willing to fall for.
magichandpuppet 1 year ago
The problem with these solutions is that the Exec that control wall street will make all Americans suffer through the stock market. If you need a reminder think what happened to the stock market when the bail out failed the first time. These execs have the US by the balls and they are not afraid to squeeze.
drgoodvibesxxx 1 year ago
looking forward to part 5.
Thanks.
MustacheVerra 1 year ago 4
i don;t think its out yet
drgoodvibesxxx 1 year ago
@drgoodvibesxxx
I know. ;)
MustacheVerra 1 year ago
This comment has received too many negative votes show
This guy has some good info but he is too far up the DimLibs butt with some comments. Pubs are not one group. They have some bad cats that are tied up too close corporate big guys, just like many DimLibs. It is not left vs right nor one party vs another.. it is the bought and paid insiders vs the few good people like Ron Paul that are trying to do the work of the people. Regulations that keep theft to minimum is good but not onerous regulations that send our jobs overseas.
bamatecangel7 1 year ago
Your right to an extant,
In today's political climate the lobbyists have thrown the same amount of money at democrats as republicans;however in the RECENT past the republicans have easily received the lions share of lobbyist pac money.
There are MANY charts that document this floating all over the internet.
I essentially agree that nowadays the democrats have completely sold out to private interests,this is why I am an Independent and will vote Obama out of office.
zoticus1 1 year ago
@zoticus1 - when the Republican sales pitch is what most morons want to hear... the Republicans get the money. When the Democrat sales pitch is what most morons want to hear, the Democrats get more of the money. At the end of the day, they are two brands of banker-sponsored sales pitches meant for the sucker who still believes that politicians are angels (and not completely bought and paid for). We will get what's coming to us.
magichandpuppet 1 year ago 2
@magichandpuppet you have spoken sense camarade. thumbs up.
fixrifex 1 year ago
we have corporate fascism in this country. people cry "socialism" but they won't point out the corporate communism that exists. They won't point out how corporations form trade associations, lobbying groups, and use interlocking directorates to control the working class. There isn't even a hint of corporations in the Constitution but Republican members of the Supreme Court voted to allow them to purchase politicians outright
stanjz 1 year ago 25
@stanjz
Left out the Corporate welfare state.
USA doesn't like to subsidize the poor like most other industrial countries but has no problem subsidizing corporations whenever they have needed a hand.
MilanTbay 1 year ago
@stanjz YOU ARE absolutely correct about this matter. My son reached the same conclusions two years ago approx. We have a PRIVATE MONOPOLISED state within a state. Is IS THE COMMUNISM of the rich.
nbm34 1 year ago
How can one make ANY SENSE of Obama's actions--or lack of action--unless one assumes Obama is dirty; that they've got something on him prevents him from acting?
Find out what that is, and this is the story of the millenium...
JejuLee 1 year ago
isnt it hilarious how only some people really have a clue on whats going to happen in the future to our society. The many dont even have the interest span to really care about their lives. If we all did we would have been revolting a long time ago.
BrutusAlbion 1 year ago 4
danger0usknowledge 1 year ago
You are making the same assumption that both savings and loans have to be guaranteed by the government.
So because these businesses made terrible decisions unsuspecting savers and investors must be bailed out by the government.
Really? And you wonder why this stuff happens over and over again?
The "greed" part of capitalism is balanced by the "fear" of failure.
You take out the fear, and all you are left with is greed.
sirellyn 1 year ago
danger0usknowledge 1 year ago
You just said Bush and Obama were "forced" to bail out the banks. It amazes me
how many people still believe this garbage. So our unemployment is at record
highs, future prospects aren't looking too great, the banks we bailed out are
as corrupt as they come and we've doubled our debt. And you are told it would
get worse by the same people who brought you the patriot act? You sound the
same as a blind Bush follower. If you want to be a lemming...
sirellyn 1 year ago 2
@sirellyn,
You are abtholutely right ellyn
I am a blind Bush flowerer marching right
over the quiff.
I am not absolutely right
but I'm righter more than wronger &
I do not fellow anyone particularly you.
.
danger0usknowledge 1 year ago
@danger0usknowledge e and o aren't even next to each other on the keyboard
DastardlyDimwit 1 year ago
My uncle ate spinach, he later died as a result, my neighbor was forced to plant more spinach and from that the price of all water went up and the African deserts expanded.
That makes as much sense as your analysis.
bamatecangel7 1 year ago
@danger0usknowledge
Paul talks ideals since people would know what kind of evil freak he is if he put it in practical terms.
He thinks the 50 million without health insurance are all illegal immigrants.
He wants the market to run the world, not the people so would be an extreme of what the US already is, a corporation and further divide the rich from the poor. And they would be 3rd world poor if he gets in.
MilanTbay 1 year ago
@MilanTbay
More & more ppl are catching on to
to Ron Paul. Different speeches to
liberals & conservatives makes them all
feel righteously angry b/c he lets his
audience fill in the blanks as to who
is the good, bad & ugly.
danger0usknowledge 1 year ago 3
it does not matter who the fed chairman is. the chaiman makes no decisions, he is just a face for the cameras. the owners of the Fed make all the real decisions.
FarangBalls 1 year ago 3
Very very true. The Fed Chairman serves at
the pleasure of the president. Who was the real
president from 2000-2008? Dick Cheney.
Cheney & Greenspan were personal friends
but everyone feared Cheney especially his "friends".
He was CEO of Halliburton & knew as much
about economics as Greenspan. Big oil,
Pharma, Insurance & banks had one of their
own running the country appointing "regulators"
whose job it was to regulate nothing.
danger0usknowledge 1 year ago 2
@danger0usknowledge
"...whose job it was to regulate nothing. "
The SEC's job was to police Wall St, they chose not to.
That would be Bush/Cheney's SEC chief, Chris Cox.
Hang him from the lampposts outside G Sachs. And leave him there.
davematherly 1 year ago
0:45 0:46 really bad editing talking over the guy what what he saying while you blabberd in? you can hear the guy talking in the back ground
lllraverslll 1 year ago
None of the things he suggested will EVER happen. I think that is clearly obvious. Every elected official has to kiss the ring of the current financial system's robber barons or else they have no chance of being elected.
The only possible change is campaign finance reform but even that is a spit in the bucket as the real power of Wall Street is the punish legislation by selling everything and creating an artificial crash.
fathead8489 1 year ago 3
The Federal Reserve is illegal. The powers of currency creation belongs to Congress. Plus, an amendment world be needed to give those powers to an independent body.
JRLLUnd 1 year ago
Comment removed
JRLLUnd 1 year ago