The crash can happen again Pt4

[spanishaustralian]

obama was not elected honestly. the media diluted the best men early in the election. leaving obama and accain and hillary to chose from. its all smoke and mirrors

[TenderTrap86]

People still made the irresponsible decision. People still have a free will to make their individual decisions, no matter how manipulated they are. However, it still wasn't an honest election.

[spanishaustralian]

the elections are totally rigged.

[TenderTrap86]

Hey, I live in America and I met a Spanish Aussie once. I moved his furniture. He was real cool, man. I was thrown off because his name was Jose, but he had an Australian accent. lol

[balbahut0g]

That's because the majority of us are.......SUUCKERRRRRRS! Its also the reason why i dont vote.. I rather watch wrestling.. its more realistic lol

[SandCmpbll]

@spanishaustralian Obama wasn't elected fairly? Right. And I guess Bush was?

[tlfettled]

Very informative interview, but the crooks at the top are still crooks , wouldn't you say !

[loai050]

Very well said, both of you.

[madebutante]

Thank You Real News! You guys are great.

[zoticus1]

Too big to fail is BULLSHIT!!!!!!

HOW ABOUT PERSONAL RESPONSIBILITY AND ACCOUNTABILITY!

[danger0usknowledge]

The reason this kind of reform isn't in present

legislation is b/c the bank lobbies won't let it

happen. They can't let it happen b/c they still

rely on derivatives to bulk up their earnings

& their bonus money. Of course conservatives

don't want to blame themselves, traders, bankers,

all the "patriots" who gambled this country

to meltdown. They don't want to admit that

Bush put 2 wars off budget which are now in

budget & account for a major part of the record Obama deficit.

[captcrais101]

How to stop the too big to fail? Pass the Sanders To big to fail bill which breaks them up.

[sanchosteve]

or just let them fail. capitalism works. failing firms SHOULD fail because they are not creating value for people. the market can handle this. we don't need a government solution. The way you stop "too big to fail" is to STOP BAILING OUT THE FAILING FIRMS.

[TABOOVSKNOWLEDGE]

All to reimburse confidence then they just implement a new way to rob you and your new confidence.

The Real News? I don't know!

[johndownunder]

The unbridled greed of the financial elite is the source of the worlds economic chaos.

[sanchosteve]

the ignorance of the masses is the source of the world's economic chaos. if people educated themselves about the benefits of individual liberty then much of the world's ills would begin to be healed.

[kmg501]

@johndownunder

Sadly you are grossly misinformed. The culprit is the U.S. congress. For generations they have not understood or cared enough to address the illegal entity in their midst. The Federal Reserve. Only Ron Paul has been speaking out against the Federal Reserve for decades.

Bureaucrats parasite off of Keynesian economics, fiat currency and the Federal Reserve For decades they turned a blind eye toward it because it empowered them to make promises that weren't theirs to make.

[fossilman2]

Because of the direct link between oil production and real economic activity, the moneyed elites are not about to make any long term bets on the future. Peak years for oil production are in our recent past and the world faces a steady decline in availability which will prevent any economic expansion or even recovery to past highs.

[kmg501]

@ fossilman2

"Peak oil" is a bogyman story. The world has more than oil enough for a global transition. The United States has enough oil in Alaska alone for 200 years that we aren't tapping into. We have the Gulf of Mexico where China is virtually stealing oil from us that we aren't tapping into.

You should ask yourself why.

[fossilman2]

@kmg501 What you are saying is utter nonsense. I have heard these same wet dreams about 'hugely abundant' oil on late night AM radio in the 1970's and 1980's. There is always someone ready to tell people what they want to hear. Maybe you can single-handedly reverse the decline of the Cantarell field in the Gulf of Mexico or the Ghawar in Saudi Arabia. My guess is that you cannot.

[kmg501]

@fossilman2

OK, lets assume that there is a shortage of oil. Then please explain to us why the leadership has failed for decades to deliver viable alternatives in the form of nuclear power (which most of us know is the only real viable alternative outside of coal).

Ask yourself why congress is hell bent on things American doesn't want instead of focusing on national energy independence when according to you oil is a scarce commodity "since the 70's". Think about what you said there...

[fossilman2]

@kmg501 About the oil : I really don't have the energy to explain extraction curves or creaming curves or the Hubbert curve to you. try googling the terms. Good luck with all the nuke and coal stuff. Politicians, to be successful, cannot tell you what you don't want to hear, they pander and dissemble continually. Don't expect planning and foresight from them. Remember what a proven dunderhead Reagan was ? " Don't worry be happy, it's all some hapless welfare mom's fault."

[mikem1234]

I love how it's always the "meddling government." Cuz you know, nothing's wrong with unfettered capitalism at all. If anything's wrong, it must be the big bad liberal government. Seriously, it's the business people who really screw over the people, and they also have people in government constantly pushing a pro-business agenda. Just look at what Goldman Sachs is doing. Tax breaks are helping some get obscenely rich, but the benefit to average people is exaggerated.

[kmg501]

@ mikem1234

It is the federal government. They are the ones with all the power to deny access to big business. Big business is competing by buying those politicians. If you really want someone to blame, it is the American people who are too lazy and ignorant to examine their bureaucrats for fitness which is unforgivable in an age when there are multiple sources online for following the money and votes.

[mikem1234]

@kmg501 Federal government is the only institution that would have the power to curb obscene wealth inequalities, though. The state can be used for good or for evil. But when I look at the American ideology, the state per se is a de facto source of hatred, often not because it reigns in capitalism, but because it hinders it. from tearing apart the social fabric even more.

[MarquisdeBarrabas]

Brilliant video, TheRealNews. Johnson proposes real, feasible solutions.

On another note, f*ck the Libertarian trolls.

[kmg501]

Notice how Johnson mentions Obama & FDR? This is calculated. FDR was a destroyer of the American republic and greatly ushered in a era of unconstitutional federal government.

These people are practically showing you a big neon sign of what they really are.

[daniel987878]

I totally agree with your last three comments.

[kmg501]

Greenspan's "flaw" is that he sold out and went to a polar opposite of Ayn Rand contrary to what he professed to believe.

The U.S. federal government became usurped in 1913 to the banking oligarchs. This conversation between Jay & Robert is a fraud in that it furthers the globalist agenda.

[kmg501]

We would not have "too big to fail" firms if it wasn't for the corrupted federal government in the first place. Johnson is just another world government propagandist.

[blobperson]

"people shouldn't be afraid of their governments, governments should be afraid of their people"

[MarquisdeBarrabas]

Governments should be OF the people, BY the people, FOR the people.

[TeddyTyme]

We will never achieve a progressive world by hiding under the same rhetoric used by the corporate sector.

[salo73]

yes this is obvious, but why is it that almost everyone hates or mistrusts the government? with all of the potential in the world, i think we have the capability of creating a utopia for every single person alive, but people are beyond greedy,

[SixthtySixthSix]

it's all driven by a lowest state of energy versus that that lowest state of energy will always demand that the government is comprised of rich, genetically faulted people that only care about themselves. we're effed.

[sanchosteve]

government = organized crime

the political class are parasites. they do not produce useful goods and services that people purchase voluntarily, but rather they steal from those who have already produced and then buy votes and hand out political favors. the government is a gang of thieves writ large, as Murray Rothbard put it.

[Etimos]

I think you've got Government confused with Corporations.

Exceptionally wealthy CEOs and boards led to this failure by corrupting government officials. The government itself is composed only of elected officials whose initial intention is usually benign, but who then are bought (if not hired prior to being elected in the first place) in order to influence the government's functions in their employers' benefits.

Government is not a single malicious entity, just a conglomerate of legislators.

[sanchosteve]

actually, the market is anterior to the state, as Murray Rothbard demonstrates in his "Anatomy of the State." this means is that someone must have produced something of value prior to the state's existence, so that the state has something to feed off of, since it produces nothing that people find to be of value so that they purchase it voluntarily. with equality under the law corporations can only satisfy consumer wants. it is only with the use of government coercion that they are corrupt

[sanchosteve]

and etimos, you forget that "labor" and other interests besides just corporations use the coercive power of government to deprive people of their rights. in the words of Mises, "Government is essentially the negation of liberty."

[restlys]

@sanchosteve steal? lol people who have already produced..i.e. the rich folks - buy the fuckin gov to do their bidding. you got it upside down buddy....

[sanchosteve]

haha, rich people are not criminals until they use the coercive power of government to deprive others of their rights. without using the coercive power of government they have only the power to satisfy the wants of consumers and elevate the standard of living of the masses, and nothing more.

[brotherjupiter]

165 000 tons mined gold in the world equals

5.3 trillion $ US @ $1000 ounce

What else is backing up all these global fiat currencies besides lieing politicians with bankrupt coffers?

gold in

2000 $275

2010 $1100

No denying there's something terribly wrong here and getting worse by the year as civilization is challenged to  take care of more elderly than is economicly possible with anywhere neer current government tax revenues.

[RemiG2006]

If you think Jews are the bad boys behind the curtain, then you are really naive. As well Jews are naive to think that they are the ones who pull the strings! They're merely second class players in ongoing global 'game'.

It seems there are handful families on our side in EU (mainly House of Windsor) and US, the rest is a matter of negotiations. So, the old is new and the new is past if you know what I mean by that!

[unameitltd]

The solution for "too big to fail" is to break up firms like Goldman Sacks into 100 small firms barred from any dealings with each other.

The mutual fund model of financial companies should be the only type of wall street firm the govt allows.

[iknownothingnow]

I am happily surprised that RealNews created this video. To highlight progressive Barney Franks bill showing again how the public will be hurt with his bill. Boomberg (Dec 29) states that Barney has given his friends a $4 Trillion gift. A hero of the little guy again

To give Greenspan credit! What? He should be brought to court because of all the pain, suffering and stealing that he has done. That would be justice

Transient painful episode!? I dont believe that one millisecond!

[mrpatience2007]

Talking about this stuff doesnt do anything. Any 'reform' needs to be real, and currently its not.

[MarquisdeBarrabas]

'Talking about this stuff' is important for people like me who want to learn.

It's important because it raises awareness about the problems and challenges posed by our current economic system.

[sonnybrown]

Good conversations on how to fix things. But how come you guys never really talk about the fed? The federal reserve is like the elephant in the room. No one talks about it, but it makes BIG shits.

[MarquisdeBarrabas]

They talk about the Fed often.

Do you want a list of TRN videos where they talk about the Fed?

[MrLesWhite]

Hmmm, U Must have missed the series (plural) on:

Copehagen

Honduras

Iran

Health Care

China

Of course they cover the Fed a lot the economy is the hot topic stateside, and the Fed just got contracted for a multi-trillion dollar deal subsidized by OUR tax money.

FWIW I'd rather them do this FED overload than than tip toe around the obv like the dumbed down Networks do

Best

[sonnybrown]

Nah. I watch all there vids, I know they've talked about it. But not with the amount of scrutiny it deserves. It'll alway be the elephant because it just sounds like conspiracy theory when someone talks about it and it's existence. Regardless, it should be scrutinized and made liable for its policies and major role in the meltdown. It has a large, if not explicit hand in the deterioration of our economy. The "business cycle" exists because of central planning. Totally in there hands

[sanchosteve]

heck yes, sonny, thank you! the FED had a primary role in the housing boom thanks to Greenspan flooding the economy with money, and then Bernanke's FED had a direct hand in the bust by tightening its stance. the FED caused the boom and then popped the bubble.

[loai050]

I don't recall the Fed ' tightening its stance', please remind us.

[sanchosteve]

in the words of Robert Murphy, "After holding rates at 1% for a year, the Fed then steadily ratcheted them back up to 5.25% by June 2006."

So after fueling an inflationary boom by buying like crazy, the Fed slowed its buying as it tightened its stance by raising the Fed Funds rate target. from 1% to 5% looks like a much tighter stance, wouldn't you say? are you unfamiliar with Austrian Theory of the Business Cycle?

[loai050]

I'm au fait with the Austrian's, however I'd stopped watching for interest rate news in Greenspan's time- missed the excitment completely. Thanks

[sonnybrown]

That's a pretty exact date... you frighten me

[Gunnarsguns]

Lol...there was no flaw in Greenspans ideology....things happened exactly the way he wanted them to.Easy money,low intrest rates...create the bubbles then contract the credit supply...the economy goes into the toilet.This fiasco was intentionaly created by billionares for billionares

[happyprometheus]

Yes speculative investment is simple and clear. One exploits labour and turns all the people in the world into slaves of the stock market for the sake of the few, who then can enjoy their "success" and selfish self-esteem.

[DtraRagh]

it sounds crazy, but it seems to be true =((

[mrzack888]

regulations for large corporations, but decrease regulations for main street medium to small business.

[cpgone]

The crash WILL happen again

[justaoldslave]

Prison!

[rictvnoticiastv]

lo colgare en facebook

[skibee50]

will the simple and clear rules be in fine print

[VolcanicPenguin]

Bleh, this vid won't load for me. Well, off to cook food then!

[hamletundone]

Mr Jay is getting an education in American politics ala Twain and Mencken...give it up...the only hope for America is to dissolve the govt.

[Edgrot]

@hamletundone I wouldn't use dissolve as a word. The constitution says to quarantiee a republicain form of gov. Which we have not had for 150+ years. People hear republicain party and think that's what it all means. People need to educate them selves on the actual law itself.Instead you look to these talking heads whom are 100% Marxist.

[wcarlpdrysdale]

the dude works with George Sorose??? What could go wrong? /s

[justjacqueline2004]

SEC non-enforcement?What are the SEC paid for?Again where are the cops?