Federal Reserve / Ben Bernanke Blame Lack of Regulation for Wall Street Greed

[AmericanTaxSlaver]

DIRTY BANKSTERS who OWN CONGRESS are now demonizing their own worthless paper currency and shifting to the new cashless "credit" based currency, digits represent NOTHING and easier to create out of thin air than paper money.

The criminal elite have rigged the system in their favor, and now simply key-in a few DIGITS to INSTANTLY transfer BILLIONS of credits into their fraudulent accounts, further swindling TRILLIONS from the DUMB-PUBLIC.

The SCAM-ELITE must be removed from the seat of power NOW!

[ashwadhwani]

END THE FED OR FEED THE END !

[crypto0102]

@honjo294 Predict it???? THEY ORCHESTRATED IT!!!!

[crypto0102]

Honjo... was wondering if you could answer something for me. Would you like to explain why Woodrow Wilson, in his exit speech, declared that his signing of the FEDERAL RESERVE into law, and the IRS (which was never ratified by the 50 states), was the greatest mistake in the history of humanity? His speech is documented Amercian history. Why he stated that he was duped, by a BUNCH OF BANKERS who got him elected on the promise that he would sign the bill? Now go do that research son...

[crypto0102]

Want to know what the Federal Reserve REALLY is, and why it has intentionally and with forethought downgraded the dollar and currency's of the world, and consequently the economies? It's the result of what happens when you LET BANKERS PRINT MONEY!!! Talk about letting the wolves run the3 henhouse--- thats the FEDERAL RESERVE in a nutshell.

[honjo294]

@crypto0102 "I'm a communst and poor why don't they give me money, why am I not as successful as those rich guys we should take their money then I can sit round smoking pot with all the other hippies" - crypto0102

[crypto0102]

@honjo294 wth are you rambling about? You don't even make sense? First you say I am right wing, then left wing, and now I am a communist. As I said, I am NONE of the above and not so easily mislead. If you want to come here and attempt to have intelligent discussions, you are welcome, if you just want to come here and lash out.... then, go troll elsewhere. Anymore comments like the last one, you will be blocked... thought I would be fair. This channel is for intelligent open minded discussions.

[honjo294]

@crypto0102 I don't know what school of economics you are promoting but it most certainly does not sound like it is consistent with the neoclassical synthesis which is the mainstay of professional economists and academics alike. Your probably a know it all who has zero economics training and thinks there is some grand conspiracy. Wake up Bernanke is an academic who's trying to help! printing money is part of the feds role to regulate inflation and over see the stability of the banking system.

[crypto0102]

@honjo294 What a bunch of psychobabble. So... first you say Bernanke is a regular Joe, then a great guy, and now he is an academic....lol? Honjo... what meds are you on buddy...seriously? Your posts have no consistent thought process to them. You state in your post that the Fed prints money right? Then you state Bernanke is an academic. So...I'll humor you ONE last time...so (according to your incoherent thought).... SINCE WHEN DO ACADEMICS PRINT MONEY...LOL?

[crypto0102]

Bernanke is no academic you fool. HE IS A BANKER!!! He is nothing more than a talking head for the large investment banks that run the world. The Federal Reserve is NOT a government institution. It is a system of 12 private banks (with a 2/3 voting majority) owned by a cartel of wealthy individuals dating back hundreds of years... the same individuals and families who controlled the financial systems of Europe which our Fore Fathers fled. Mixed in with a few modern age industrialists.

[crypto0102]

Respond to this video... I am not promoting anything Honjo. This channel is for open discussion. Not attacks.

[crypto0102]

@honjo294 To answer your question Honjo... the school I am promoting is the school of common sense, and knowing when one is being lied to. Once again... I challenge you to go apply some common sense and take a harder look at the Federal Reserve, and how they have not only not followed their "dual mandate", but done the EXACT opposite for over a century. What their true motives are., and what masters they truly sere and answer to. Because it is certainly NOT the American people.

[cigansky]

@crypto0102 So in other words, you have no experience about what you're actually talking about. "Common sense" is always the first respite of those who have none.

[cigansky]

And by the way, fed policy OBVIOUSLY changes depending on who's in charge of it and what they think is better for the economy and the country. You might as well say "Obama says the top %1 are getting too large a share of the economy, AND YET from 2000-2008 the executive branch was trying to get tax cuts for millionaires!" You silly goose.

[crypto0102]

@cigansky For your info, not that I actually understood what your post was about, but last year Obama extended Bush's tax cuts for millionaires to the tune of 852 BILLION dollars. His rationalization was that he did it to get the Republicans to pass 20 billion in unemployment extensions. Oh, and then they didn't pay the extensions because they eliminated Tier4 UC benefits in most states...lol. Sounds like a fair trade to me, huh? So... do some ACTUAL research before you troll..silly goose.

[crypto0102]

@cigansky Oh, and BEFORE you go on a Republican/Democrat rant... I am NEITHER. I do not believe ina bi-cameral legislature s we have been warned through history. I am NEITHER Dem or Republican. Thought I would save you the bother, as it seems you are trying to start some Bush vs Obama discussion? Go look at the men BEHIND them... as their cabinets consist of the EXACT same wall street insiders... going back through the last 4 administrations. ALL of who answer to the federal reserve.

[crypto0102]

@cigansky WOW, we actually have a cheerleader for the Federal Reserve...lol??? You have to be kidding me right? Yeah... let's go let a bunch of LARGE PRIVATE BANKERS print money indiscriminately, with NOTHING backing the money. Sounds like that will turn out great for everyone in the end, huh? Nothing bad could happen there right? Letting large world-gobbling private investment bankers print money and charge fiat interest for it? lol. I assume you are a fan of letting corporations run govt. too?

[cigansky]

@crypto0102 You silly child, fiat currency has been around for 1000 years. The Song Dynasty didn't even know what germs were but they still knew more about banking than you do. Even when we were supposedly backed with gold we NEVER had enough gold to actually do so, only 50-20%. How do you expect to back dollars with gold when our economy is growing faster than they can mine it out? You might as well say we should back dollars with seashells, salt, or shiny beads. Go read a textbook.

[crypto0102]

@cigansky child? wth are you talking about troll? The first share of stock ever issued was by the Dutch East Indies company. The Russell family, OPIUM traders. Go watch "the history of banking" on PBS if you want to watch a good documentary depicting EXACTLY how banking came to be. The system of banking as we know it was invented by a Scottish criminal who took over Europe's financial system. YEP. They figured out, they could lend out more money than what they held in their vaults.

[crypto0102]

@cigansky You want to show me where I proposed backing paper with gold? Never did I say that, this system is too far gone for that. I propose CLOSING the federal reserve... and stop allowing an anonymous consortium of private, large investment banks a blank check in creating interest debt and printing money at whim while playing games with inflation and deflation to pad their own pockets. Ask yourself... would you like to be the guy who prints the money and charges interest for NOTHING? I would.

[crypto0102]

@cigansky Fed policy hasn't changed in 60 years.. and they have caused every major recession that ever occurred. And if you actually watched the video, and posted something relevant pertaining to this video... the fed has fought against regulation on derivatives and such going back to Reagan. DOCUMENTED FACT. Now, how about you actually go watch the video and watch your boy Bernanke lie? That is what this particular discussion is supposed to be about, not psychobabble on the Song dynasty wtf???

[honjo294]

@crypto0102 as for the gold standard its non-productive

"It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

Warren Buffett

[crypto0102]

@honjo294 Yeah geez Honjo...you know, you are right...lol. Who needs gold? Money does not have to be based on anything of value, right? So, can I ask you Honjo, where do I go to apply for the job of printing green toilet paper, then charging interest for it... to be distributed down through the banking system? If the Federal Reserve can do it...lol...shouldn't I be allowed to? Because, according to you.. it does not matter if they charge interest and create debt for something of no value? aargh

[honjo294]

@crypto0102 something bad will happen. As for money not being backed up by anything? what are you talking about money live any thing of value has its value based on what peoples expectations are of it. The aggregate value of money comes from what people believe it's worth in aggregate. The USA is running a substantial trade deficit which means its currency is over valued. Under a freely floating exchange rate the usd should decrease to allow for greater demand from exports and less imports.

[crypto0102]

@honjo294 Go back and research how our currency became devalued Honjo... and the REAL reasons why... and you will know the reality of the men behind the Federal Reserve. I challenge you to go answer your own ponderings... as I know where that research is going to lead you.

[crypto0102]

Wow... you actually said something we agree on. However, what you overlook, is that the policies of the Federal Reserve do not allow a freely floating exchange rate. If they allowed that, we would already all be back to work. They use the guise of regulating inflation and deflation, to supposedly keep the economy at maximum employment, big brother always has your back don't you know? But in REALITY, they only serve the financial cartels of the world. Research their true track record.

[honjo294]

@crypto0102 such*

[honjo294]

@crypto0102 furthermore this understanding of the causes of the great depression is consistant with Milton Friedmans analyses before you go all right wing and say end the fed. If your on the left then you clearly don't understand the role of the fed or you wouldn't be taking sure a negative position on the man.

[crypto0102]

@honjo294 I am neither right wing, nor left wing, nor Democrat nor Republican. I am not foolish enough to be corralled into ANY such thinking. How dare you insinuate any of the above, and what exactly in these comments makes you think you know ANY information allowing you to make such accusations? Oh, and btw I love how you cover both bases by insinuating I am wrong if I am left or right.... OF WHICH I AM NIETHER. Nice try bud. How dare you? What government watch dog do you work for btw?

[crypto0102]

End the Fed????? they won't even submit to an audit for the last 100 years now.... even telling us what they do to print money to create interest which they charge to the private banks, which then charge it to everyone else. End the Fed? Where did I state anything in this forum about ending the fed? Dude, you really like to jump to conclusions huh? Like saying how poor Bernanke is...lol? Ask Thomas Jefferson, Andrew Jackson... what they thought of a "national" or "central" debt creation system.

[crypto0102]

A negative position on what? A bold-faced liar as was his counterpart before him? Two who have done EXACTLY the opposite at every turn for over 40 years to do what would actually create jobs.They are not out to spread or share wealth you moron. They are out to destroy the middle class. Plain and simple. Their's is a system of haves and have nots. Did you even watch the video? The Federal Reserve FOUGHT regulation on creative financial products at EVERY turn for the last 40 years!!! FACT

[crypto0102]

@honjo294 Bein as it is OBVIOUS you did not even bother to watch the entire vid, now go back and watch. And when you do.... NOTICE that Bernanke ever says there should be regulation. The Fed's stance FOR OVER 40 FRIGGIN YEARS...DOCUMENTED IN CONGRESS... has been that the markets should be allowed to regulate themselves. The entire hedge fund, derivative mess is their creation! But, when pinned with an actual REAL question on record, he trys to point finger at regulation failure. SICKENING!!!

[crypto0102]

@crypto0102 The regulation which he and his predecessor fought against!! You can add CDO's to the list as well as hedge funds and derivatives. Collateralized Debt Objectives (grouped up junk bonds)... which were then turned into derivatives, rated at AAA+ (right up to the day of the collapse), then re-grouped into hedge funds... and BET TO FAIL... for those of you like honjo294 who talk without doing ACTUAL research. How were they rated so high you ask? CAUSE THEY RUN THE RATINGS AGENCIES! Moron

[honjo294]

@crypto0102 Why do you think he is bad? do you even understand the role of the fed? Bernanke won Times man of the year, things would have been alot worse if he was not chairman. Bernankes understanding of the causes of the great depression placed him there in the right place at the right time. He is not some fat cat banker he drives a ford focus and has a mortgage, his pay is modest compared with others with his quilfications he could make alot more money in the private sector.

[crypto0102]

@honjo294 OMG... did you actually just state that the head of the Federal Reserve is not a fat cat...lol? WOW. Not a fat cat? Tell that to Goldman Sachs and the $1.4 trillion in "quantitative easing" (rounds 1 and 2) printed money that Bernanke threw their way in the form of Goldman Sachs selling the T-bonds. The federal Reserve prints money, and charges interest through PRIVATE unnamed banks for doing so. That interest is exactly equal to our national debt. amazing huh? Do some research.

[crypto0102]

@honjo294 Yeah I understand the role of the Federal Reserve, but obviously you DO NOT. A private system of banks (2/3 voting majority, 1/3 appointed by govt.) which as of 1913, is a centralized system that is allowed to print money which is backed by NOTHING. A private system of banks that is allowed to print money indiscriminately and charge interest for this service to the entire world. Gee.... nothing could go wrong with that concept, huh? LOL. Do some REAL research.

[Silvanesti282]

What a big worthless turd.

[0past]

Fucking risk taking had nothing to do with it you lying piece of shit. It was excessive fraudualant efforts to extract money from the economy without accepting risk. Free money under the arrogant, ignorant, zombie economic assumptions that their complex risk mitigation mechanisms had eliminated any risk. It was massive fraud. A giant shell game to and when it all collapsed

THEY STILL REFUSED TO ACCEPT RISK AND TOOK TRILLIONS IN BACKDOOR BAILOUTS AND A WINDFALL OF KLEPTOCRATIC PROFIT!!

[CECOAdvocate]

WE ARE THE 99% -- WE ARE THE VOICE OF AMERICA

Hundreds of millions are currently uniting worldwide.

Hundreds of millions will be protesting the current state of our country in the upcoming months. Protesting is the ONLY way -- prior attempts were unambiguously snubbed by Government officials, but now acknowledgment and transformation is demanded BY THE PEOPLE! It is time we restore what is ours, AMERICA!

THE 99% WILL PREVAIL – WE ARE THE MAJORITY

[crypto0102]

@CECOAdvocate They are the <.3%. We are actually like the 99.7%...lol. The top 400 wealthiest in Ameica control more wealth than the bottom 187 million put together. Sickening. All kinds of money in this country to fuel the economies of the world... too bad it's all in the hands of a couple hundred people. Couple hundred who don't pay taxes btw.

[theOCMAN1986]

Ben is a big turd.

[crypto0102]

@theOCMAN1986 He's something.... not sure what. Between him and Greenspan, I am sure they could fill a bowl...lol.

[honjo294]

@crypto0102 you guys are dicks, He's doing his best.

[crypto0102]

@honjo294 Bernanke?????? Are you mental....lol? Or don't you ever read or do research...lol?