US prints more money to fight recession - 20 Mar 09

[MONOPOLY35]

Attention! The Federal Reserve prints money and puts our nation into debt. They just said it in this video! The Federal Reserve is not part of the federal government. It is a private corporation separate from the government. This group was authorized by the government to control our nation's money supply. However, they are using it to support the interest of private bankers. THE GOVERNMENT DOES NOT PRINT ITS OWN MONEY!

[pavel280488AA]

fuck usa

[Sanfordkill100]

no point, we are on the Kondratiev Wave which is the length of a human life time. 1930's the Great Depression was the end of the wave. so we are right on it now. no point of printing money

[omhat]

@Sanfordkill100 ,the depression lasted from 1929 to 1935, this is worse, iv had family members live thru this, its worse, because in the great depression in retrospect, there were no China, India, or external countries 7 engineering jobs in india or china replacing one job in North America. Obama is doing a decent job, but Bush left him in a quandry. there is no use putting all that money in banks if there are no jobs, its like setting a pot of water to evaporate and waiting for the pot to burn.

[zefvor]

Few bother to state this, but printing money is not inflationary, result as paradoxical as having unemployed people, idling factories and unfulfilled consumption needs at the same time. People need money to save and to pay back their debts and to feel a little wealthier. Printed dollars do just fine for this. Only if policy makers realized...

[Mexicanblood493]

@zefvor  but what you don't understand is the more money we print the less it's worth, read your history Obama is doing the same thing that the Germans did, printing more moey to fight their debt and guess what happened? The german mark became useless.

[zefvor]

@Mexicanblood493 People need money for transactions only when demand for labor would rise over supply prices would start to rise. Its the work of the real people that gives money its value, the price they are willing to exchange work-hours for money. We have privatized monetary system and the banks are demonetizing economy.

[omhat]

@zefvor i hope general mills does not move to india or china, obama needs to stop outsourcing, i feel sad for all my engineering buddies. banks need to be strict on credit, what good is it giving people credit, when they are not able to pay off the debt, thats committing financial suicide.I hope things go back like the industrial revolution someday, but too many greedy ceos exposed us to china and india as a cheap hooker.

[vigilance71]

Video is not working

[LChinese1991]

Fuck USA!!! Ruining all the reserves of $ in the world

[09geauxtigers]

We have become the Weimer Republic. They are now talking about another Stimilus. We are so fucked!!!!!!!!!!!!!!!!!!!!!!

[MrWizardWithin]

LOL Federal Reserve is not owned by ANY US citizens. Its all international bankers who run that farce. US taxpayer ready to stop sending Israel 10 million a day yet?? BETTER WAKE UP USA !!!!

[BlackMask2012]

We are going to print money to buy US debts.......sounds like inflation right around the corner.

[MeekMusic]

slip of the tongue.. at 0:15 Obama said " I can't just KEEP ON.........ah..ah.. I can't print money". America in fact is printing money like never before.

[sinoples]

@MeekMusic Bravo...you are a good listener. I have some douts about this slippery 'I can't just keep on' but you are right. Thanks.

[Crazyman1212]

LOL the Federal Reserve trumpeting itself as the savours of the economy by buying up bad debt with it's monopoly money. If only people knew that the Federal Reserve created this artificial recession. People need to understand that this recession was not caused by sub prime mortgages, that was simply to lure people into one big scam, so for those people out there who think they made a mistake getting sub prime mortgages, don't blame yourself, you where simply lied to and robbed.

[MetalBassjunkie420]

Hey who prints the US money? is it the Bureau of Engraving and Printing, which is part of the Treasury Department, or the Federal Reserve?

[MainTightSqueeze]

Christ. Even AlJaz is promoting "spending" to "stimulate". Fucking idiots. Every one of them.

"Maybe another recession." ?????

Try an elongated super-depression you fucking "economist". We're all fucked. These people are doing it on purpose now. It's like they think we're stupid.

[ahussami]

As long as the dollar is the reserve currency of the world, the FED are going keep on printing dollars , because this is the easiest way to borrow and get rid of old debt. The burden at the end of the day is going to fall on the rest of the world.

[molyneux1000]

But for how much longer is the world going to trust the dollar. I think folks are looking elsewhere. The Euro perhaps.

[ahussami]

The world does not trust the dollar any more. But the USA is basically taking the Samson approach knowing the the World is connected to the USA like Siamese twins are. If the USA sneezes, the rest of the World gets pneumonia.

This maneuver is basically an economic war on the rest of the World, especially China. It aims at remaking or breaking the old system of dollar prominence by tying China, the biggest dollar reserve holder, inextricably to the dollar.

So far, everybody is following.

[harrisharrod]

To everyone who thinks that printing money is inflationary. YOU ARE WRONG!

The problem is the FED, before 1913 there was no inflation, the same house cost the same price in 1912 as it did in 1812, the only way people got more money for their house was improvements to the house. In Australia the Commonwealth Bank printed the money for Australia to go to war in 1914, in 1919 the war debt was paid! We owned the printing press, England borowed the money from overseas bankers and is still in debt.

[harrisharrod]

Once the FED was formed the right to issue the dollar was handed to them, and the controll of the Dollar fell into private hands, realizing their mistake the Government tried to take back the right to issue, and we got the bank crash of 1929. The Government was then blackmailed into agreing to making Gold illeagle in the U.S. and the gold which was handed in wasshipped to Europe into the hands of Rothchilds, then 3 years later they stopped the crash and made Gold legal and made huge profits.

[harrisharrod]

Germany got into hyper inflation in the 1920's, but by then they had lost the right to issue money, and when they tried to print money against the big bankers wishes, they countered with hyper inflation, along comes Hitler, took back the right to issue money, got rid of all the funny money and printed the money for infrastructure to be only used on German owned projects and payed to only German workers, the result? Germany was named as the best ecconomy in the world and Hitler man of the year!

[harrisharrod]

Back to Australia, we built the trans continental railway, printed the money to do it, WW1, and many other projects. in about 1920 Sir Dennison Millar was approached by big American bankers, who wanted to buy the Commonwealth Bank, Sir Dennison refused, shortly after he was myteriously dead! Soon after the reserve bank was formed and given the right to issue the Australian Money, from then on we had inflation. The claim printing money causes inflation only applies if the press is forign owned.

[1981z28camaro]

people just can't get it or ignorant about it, there's a family by the name of Rothschild, they own the Central Banks! and lend money to the Government, it wasn't an accident this financial crisis!! funny how it's working out so well for them hey? now they can buy all this "Bad" debt for NOTHING, because they convert thin air into money...

after 9/11 they also benefited, amazing! oh yeah, and JFK...

the OWN the U.S and have more money, and power

Do some research ppl! and wake the fuck up!

[lilman748]

These comments are hilarious. You can definitely tells who watches Fox News and who watches CNN, because everyone here seems to be spiting out other people's point of view as if it was their own. As if watching 1hr of TV is equivalent to getting a PhD.

Remember as kids when your parents said "Don't believe, do or say, what you see on tv" that advice still applies today.

[Nick98Z28]

Holy shit, their just gonna make their own money now? These people are power crazy. I hope they don't abuse that. It's gonna be Anarchy in the states if they don't get this shit even'd out.

[234566tgvb]

Personally, I don't care anymore. It seems the goverment where I am are helping all those poor people who took out stupid amounts og loans and turning it's back on the horrible people who saved all their lives to get what they needed and did not caurse the ressession. Life is shit, nice guy finish last. Savers are there to let people have some fun and then take the force and tidy up when the crap hits the fan. Total world wide collapse of all money systems please.

[luckyboy55555]

End of super power

[quadcatfly]

US is finished.

[1wingsolja]

THIS IS THE NAIL IN THE COFFIN.

US dollars will be worth nothing, and the money circulating outside the US compared to inside is 1500%!!

The global economy will collapse, beginning with the US.

A period of absolute chaos will follow, out of which eventually the anitchrist will arise.

Repent and turn to Jesus Christ - He is your only hope today and for eternity.

[industrialhemprocks]

hemp homes hemp fuels hemp cars hemp clothings hemp biodegradeable plastics ( zelfo ) hemp papers and all of them are BETTER efficient products that if we grew in america legally would make us FILTHY rich... no more importing..... no more imperialist american elites. free the weed. legalize not legal lies.

[truthsabre7]

Obama the liar.

[guslingus]

The social and symbolic message sent by this printing of money will far outweigh the benefits. People will be so angered by the unfairness of the hard work they have to do to get a few hundred dollar.

[secularviewer2]

It's only going to get worse when they print money. It will only create high inflation!

[harrisharrod]

You are wrong, It will only get worse if the Fed (a private bank ) prints the money. Because the printing press is foreign owned, however if the President takes the right to issue the Dollar away from the Fed and returns it back to the United States of America i:e the U.S. Treasury, and if the money is only printed for American owned companies to build American infrastructure and employing ONLY American Citizens in the building of the infrastructure, then the printing of money is OK!

[hexzerg]

Thats not the problem. The problem will be much worse if it were in the hands of nancy polisie. Then she would just print to buy votes. The Fed is suppose to not be affected by politics and that is why it is private. But it doesn't look like it works. The only way to stop money be devalued by printing by governments is to have a gold standard. Something they can't be fucked around with by the government for political reasons.

[datzfast]

@secularviewer2 and yet the cost of living says otherwise. you left the most important fact in your equasion, the amount of money in circulation that influences inflation. it has dropped by 10 percent in 2 years. the dollar is the only currency in growth. it will soon become the world currency. dont listen the the clap trap on the news or youtube.

[mete1954]

The elite class (1%) won't mind if basic goods double or triple in price.

[hexzerg]

Don't be a moron. Hyperinflation will effect everybody. Everyone that was rich in Zimbabwe don't have shit now.

[LouieRocks20]

Oh shit! 100 billion dollar bills? Damn thats crazy! What i dont understand is why the fuck "archnme" and "arequipa1" dont exchange phone numbers and talk shit over the phone instead of clogging up this page! HAHA Fucken loosers!

[davidflores954]

lol that was funny

[morchid]

hi

firsltly im not american im moroccan , but i don't undertund why some americans blame Obama for the situation , look you should blame firslty Reagan policy , the domination of the big compagnies and i thnik you should vote for a professional members and senators not for stupids who do all what the lobbies whould .

thanks

[ArchNME]

Damn, you guys are really trying to stir up some shit with this video.

[HomoGeneyes]

SIGH..... THE BUSH went to war on LIES

and now the country is in a fishbowl....

PRESIDENT O WE R WATCHING

[annarboriter]

They dated inflation curbing efforts from Reagan? Please Paul Volcker had the mess on his hands to contend with after Nixon disconnected the greenback from the gold standard.

[crownroyal111]

Jesus christ.... I guess no one learns from history after all.. I cant believe they started printing magic money.. Come on america! Germany did the same shit and it cost over a million marks for a loaf of bread.......

[RomanicusMaximus]

Key words: MIDDLE CLASS!

The nations with a strong middle calss (not that many, as you know) are hard to control by a centralized government. The rich wants no middle class; just the poor, and they can control the poor with handouts!

America is on its way to eliminate the middle class = total government control over mases.

Welcome to our new world, a world of poverty and dictatorship, capitalism style. Marx must be turning in his toomb; he aimed for the East, but...

And NO, I ain't crazy

[exacerbatedtaboo]

I think it's funny as hell that they are throwing debt at even more debt. We could sure up trillions or dollars in interest on the dollar if we nationalized the fed. That would take the interest off of the money we print. That's all it would take. Or how bout this. End these bullshit wars and save billions a year.

[teemuruskeepaa]

How can the schauvinist AJ reporter explain the effects, when he interviews economist Sara Sinclair to know the effects? AJ just used and excluded their woman guest

[crazyball8e]

OMG!! You Uncle Sam decided to print more US Dollars to fight recession?! This is intolerable! You are creating high rate of inflation while more people are suffering because of decreasing purchasing power.

I suggest you to decrease the price of goods and services and start making deflation (opposite of inflation) by printing less US Dollars so the US Dollar gains value and therefore increasing purchasing power to everyone in USA. Take my advice and use it. Otherwise you will regret forever.

[ArchNME]

Deflation can be just an dangerous as inflation. The great depression was a deflationary spiral. We are not currently having an inflation problem right now anyway. In fact our current inflation rate is at record lows (only two tenths of a percent in February) because the credit market is still frozen. The main way inflation normally happens is through loans, every time a loan is made money is created and loans are just not being made right now.

[ProtectUsFromTheLie]

hyperinflation!

[arequipa1]

this is obama's fault and this is his legacy. PRINTING MORE MONEY!? oh yeah that'll solve the problem! fucking idiot! VOTE HIM OUT! this is absolutely infuriating!!!

[azas1949]

this is Bozo Bush's fault and it is his legacy. Obama is trying to get the economy going again.

[arequipa1]

...no

[Mituhori]

Amen bro.

[ArchNME]

Our "central bank" is the federal reserve which is not under direct executive control. It's not even completely under government control it's a quasi private institution. It's hard to describe how the whole thing works in less than 500 characters but you should go learn what the hell you are talking about before just jumping to blame it on Obama.

[arequipa1]

trust me, i know what i'm talking about. if you aren't enraged by this, you need to be. this is appallingly bad judgment. we're screwed.

[ArchNME]

trust you... lol, yeah right. You don't even seem to understand who's judgment it is. If you know what you are talking about why don't you explain me the inner workings of the fed and how decisions are made? Or even explain how "we're screwed" for that matter. I doubt you have the slightest clue about this countries economic system if this is the best response you can come up with.

[arequipa1]

sigh, are you one of those conspiracy nutjobs who rants and rails about the jews? cuz if so i don't care.

[ArchNME]

Yeah, now I really can tell you are stupid and don't understand what I'm saying. Just because a person on the internet mentions the federal reserve doesn't mean they are talking about a conspiracy. It is a real life institution. The decisions of which happen to be the subject of this video. I'm not trying to tell you it's an international conspiracy of reptiles or some crazy shit, I'm just pointing how it actually works.

[arequipa1]

i guess you're one of those internet people who acts like they're so much smarter while insulting others without actuallly saying anything at all. nice knowing ya, chump, thanks for wasting my time

[ArchNME]

Are you talking to yourself, seriously? You were making statements that were completely incorrect and when I tried to correct you. First you just said trust me I know what I'm talking about(acting like you were smarter than without actually saying anything), then you called me a conspiracy nut(insulted me). If anyone has been arrogant and insulting it's you.

[arequipa1]

wah, wah, wah, crybaby.

[ArchNME]

Fuck off loser.

[sinitskyd]

Arab and muslim people who are watching this: please be aware of evil paper money. Only commodity-based money is honest and cannot be stolen through inflation. Paper money corrupts governments and benefits banker parasites and government cronies. And if you think your governments do not steal from you via printing paper money, you are wrong too.

As for Jewish lobby (I am jewish) we should not give any money to any country, wether it is Israel, Egypt or Pakistan.

[CNN911Fakes]

Who started this crisis?

The sub-primes?

Not at all; the fed started this - 911, 2008, son of a gun!

[awakenedlightworker]

What do you mean, "No one is suggesting that hyperinflation ..... is just around the corner."?!!!

Many, many, intelligent, learned people are predicting just that!!!

Wake up, or it will hit you like a pail of cold water when it comes!!!

Gold, canned food, water - prepare now to protect your family. We will rebuild.

[SirishT]

Stop sending me Nazi signs I'm not Jewish so you're not really bothering me.

[buran225]

Printing more money? The Weimar Republic did that. Look at where they ended up....

[Franco20055]

The USA is fucked and will end soon Its time for an Islamic Khilafah. Allah Hu Akbar!!!!!!!!!

[xxashyy]

You make a good point about Israel, I'm with you on this one. Israel should not get ONE DIME of all money to fund they're bloody adventures against the Arabs. The US government should really halt ALL FOREIGN AID and military spending altogether in this economy especially to Egypt and Pakistan. The US government HAS NO BUSINESS giving my tax money to other countries without my input.

[SirishT]

Yeah what's that got to do with printing money or hyperinflation or anything in this video? I can't believe you're previous comment got 2+up when it was completely off topic and just stupid. Stop trolling.

[SirishT]

Good job! keep giving me the thumbs down Sazzy and friends, who the hell did I think I was to be the rational voice I should have just agreed with you and said fuck Israel even though it had nothing to do with this video damn what the hell was I thinking

[SirishT]

They did this during the Great Depression I think. I don't know if it helped I'm guessing not though.

[SirishT]

Okay WTF? How does improving the economy have anything to do with Israel? No you're absolutely right of course, fuck the economy lets just descend into third world status because that way no one can blame us for funding Israel, that's what you want right? Oh I'm sure Jews have it made, they don't have to work for shit the U.S. just pays for all their needs right? What the hell is with your racism? Don't you like live in New York or something? You would have fit right into 1930s Germany.

[PASMdude]

I am extremely critical of Obama but realistically he does have to create stimulus out of debt and that is just about impossible.

[Shamlawar]

That doesn't make any sense.

[DameDiabolique]

WTF!?!?!?! They need to stop printing money. LOL... Someone in the Treasury department should have called Obama before he made that speech...

[kusari86]

hyper-inflation wouldn't be a bad thing. We must devalue (DESTROY) the US$ so we can replace with a more internationally sound currency. And you might as well rob the world community while your at it.

[churchmn]

"We must devalue (DESTROY) the US$ so we can replace with a more internationally sound currency."

Did you mean the Amero? Poor, guy. You don't have a clue, do you?

[kusari86]

I know 2 much if u ask me

Today Americans would be outraged if UN troops entered Los Angeles to restore order; tomorrow they will be grateful! - Henry Kissinger

What say ye if you were told today that the US$ would be converted for a more internationalized currency such as the AMERO? (US$ lose their savings)

Now what say ye if 10 years from now the US$ is in free fall and you are unable to purchase basic necessities for your family and on the brink of starvation?

thats what i meant to imply

[CNN911Fakes]

The fed is a private bank. The loan is fake, the interest we pay (usury) is real.

Don't be fooled. Our country has not printed any money since 1913.

Shutter the fed, repudiate the debt.

[Quandary121]

unbelievable aint it CNN911Fakes how the hell this is going to help anyone,when people should be tightening their belts their told go out spend im lost for words

[btigtime2]

we are soooooo screwed

[iloveallecchianime]

why cant us civilians print money like the criminal organization ben bernanke runs?

[auamoti]

just do it anyway, at least you'd have to back it (for anyone to take it seriously)..

[massmanthaman]

bracing for epic inflation

[iloveallecchianime]

buy gold now

[smoking3co]

its bs, the risk is that an enterprise loses its competitive strength on international markets because of a weak dollar... Today 1euro is worth 1.37 dollars?

[earthborg]

wow. lets reduce the value of money to fight the recession that the international bankers orchestrated through the federal reserve anyways. inflation ho! theres plenty of money....the banks have it all already. and when the unconstitutional fed "buys treasury bonds" it means that the government borrowed the money increasing the national debt, which requires an increase in the unconstitutional income tax to pay for, or we can just not raise taxes and increase the debt, increasing interest....

[LILUCKSMO80]

Dont be fooled into thinking that the taxpayer bailouts were just designed to get the banks lending money again. The situation is much more perilous. Losses continue to be revealed, and Americas banking system is all but bankrupt—kept alive only through taxpayer blood.

[crinoid1918]

here comes hyper-inflation

[MasterNemesis102]

Yay! it's like the Ruhr crisis all over again!

[LILUCKSMO80]

What is the point in consuming more? Consumption as it is in Capitalism has always been off balance with the ecosystem and benefited only the elite. People can't decide what they are sold, what people produce in factories and the elite wants them to feel good as a substitute for politico-economic power. It is absurd how they want to people have more of this just so that their system survives. We haven't asked for their rule and we haven't had a choice. Obviously we will let them collapse

[LILUCKSMO80]

NO MORE PUT IT ON MY credit card those day's are over NO more zero down NO money no buying power the USA is made up of FREE credit but the world is not going to put up with it any more the USA is in so much debt that it will Collapse in two more year's since it as no more PONZI SCHEME CALL SUBPRIME SCHEME BUT THE OTHER BIGGEST SCHEME MADE UP BY USA IS CALL FAKE Democracy No more super Power OR FREE MONEY NO MORE BIG GDP!! double standard"s<--- USA

[LILUCKSMO80]

?What Obama means by change is making America a healthier host nation for its owners - the parasite Jews. Mindless Puppet Bush, in his eagerness to serve them adeptly ended up making USA unhealthier - which is Not Good for The Jews. Israel needs their Host Nations to be strong and rich and healthy. Nothing is more detrimental to a God Chosen Parasite than a host nation with anemic blood. This why the Jews accepted Obama - he was a Puppet with Potential.

[VictimOfBoredom]

lol @ incompetence

Good to see we're following the Zimbabwean model.

[gillybymarriage]

Yup.

Pooof!

Money out of thin air.

Sigh.

[LILUCKSMO80]

Dont be fooled into thinking that the taxpayer bailouts were just designed to get the banks lending money again. The situation is much more perilous. Losses continue to be revealed, and Americas banking system is all but bankrupt—kept alive only through taxpayer blood.

Propaganda

Propaganda

Propaganda