Understanding the Financial Crisis

[strawdog1234567]

Reptillians.

[milkmanmonroe]

Republican solution to all things economic--tax cuts. That ALL they talk about. According to them, tax cuts and deregulation will solve any and all economic problems. The fools. I think the solutions will be a lot more complicated.

[Thisawareness]

Al Gore & Corporate friends set to make billions off of the Global Warming Scam

Al Gore is chairman and founder of a private equity firm called Generation Investment Management (GIM). According to Gore, the London-based firm invests money from institutions and wealthy investors in companies that are going green. Generation Investment Management, purchases -- but isnt a provider of -- carbon dioxide offsets

[biospharms]

To get some solid facts on what's going on in America and elsewhere I like these You Tubes: Peter Schiff, his are all good watch them all if you can.

Dr. Albert Bartlett, Titled: The Most Important Video You Will Ever See.

National Inflation Association, Titled: Meltup, and another one, Japan: Americas lost decade. Educate everyone you can.

[MIKOLBZ]

FIAT Currnecy, Fractional reserve banking can not last!

[MIKOLBZ]

This guy just doesnt get the BIG picture. The monetary system is not sustainable, & Im not sure that it was ever ment to be! watch Collapse, its great!

[MIKOLBZ]

This guy just doesnt get the BIG picture. The monetary system is not sustainable, & Im not sure that it was ever ment to be!

[blewvelvet]

WHAT a MORON and guess what? Now the UPPER middle class or mid business owners are next...because NOW the UPPER ESCHILON..is picking them next for extermination..like the lower middle class people just went through. And because most of them are republicans who think they are in the rich "CLUB"..are going to soon realize they will be in the "other club" where they are starving with the majority. It will be too late to LOOK UP as the cause of their problems and not downwards to point blame.

[dunkafelic]

@blewvelvet that's capitalism for ya

[AEKARA27]

Excuse me but the last speaker doesn't know his history very well. what he didn't say by 1937 we had a severe recession within a depression, and even though FDR nationalized private gold still the Fed couldn't print money out of thin air because the dollar was still pegged internationally to gold. Today we have more than doubled our money supply and created deficits we can never pay. We are done

[jackooboy1]

Most professors have their head up their own ass.

[PeterSodhi]

Did any of these retards actually predict the depression? No.

Kondratieff in 1920 predicted a huge debt bubble in 2000 followed by a huge depression. We are in a debt based kondratieff winter. It happens every 70 years.

Watch the end of the middle class by Elizabeth Warren for some real insight than watching these morons.

The first speaker also missed the fact that Malasia ignored the IMF solves their own issues. The Asian currency crisis was again designed by Western Finance Systems.

[jackooboy1]

If you want to know what is really going on listen to Jim Rogers, Dr. Roubini, and Dr. Marc Faber.

[PeterSodhi]

Well said Jackkboy1 - ignore these wankers - watch Ron Paul as well and Gerald Celante

[shiftyjake]

So, "Crises are Common"? Wouldn't it be more accurate to say that crises have been common since the early 70's when we started shooting holes in FDR's Depression-era financial regulations? (OPEC excepted). It's worth pointing out that crises were common before the G. Depression, too, but not during the 40+ yrs while those regulations were in effect.

[jackooboy1]

how about debt from war always being followed by recession and the delinking for the dollar from gold in the 70s...

[shiftyjake]

@jackooboy1; I don't know enough about floating currency to say much about it.

As for the post-war recession, I don't think that's happened yet. The crisis now is b/c of two speculative bubbles bursting one after the other. My understanding of post-war recessions is that they are a result of a) infrastructure damage, which we don't have; b) shifting the economy over to peacetime manufacturing, which we don't do anymore; and c) finding jobs for all the returning soldiers.

[465160]

1999 2000 2004 WHAT?

[Davidbzm01]

BANKS... Do you all remember back in the days when you went to a BANK to cash a check and if the check writers funds couldnt cover the check, the teller smiled and said. "sorry insufficient funds" -- We don't hear that anymore. you know why. The banks are giving the check writer a LOAN without asking them. then charging them ridiculous interest. Completely knowing they cant pay for it. You can be 1 penny overdrafted and it will cost you 500.00 dollars. STAND UP AMERICA AND SAY NO MORE.

[465160]

@Davidbzm01 MUST BE SAID AGIN STAND UP AMERICA AND SAY NO MORE.

[neoeyes4u]

@Davidbzm01 They cost me 2k last year by charging overdraft fees on checks drawn on certified deposits that didn't "clear" within 3 days...not my fault but I paid. I've closed all my accounts and do business in cash or pay bills directly through check cashing outlets. So because of their greed they lost a cash flow of 100k. I pay all my non penalty bills 30 days late so they lose interest and loan income on MY money and I get a free 30 day loan. Actions speek louder than all those words!!!

[jackooboy1]

You should buy commodities... and tangible assets.

[Davidbzm01]

No disrespect to these men, But when are we going to have a panel of people who Actually DO SOMETHING about the problem, Instead of just talking about what IS going wrong. The problem is Greed... America. here's how you fix it. STAND UP AND SAY NO MORE ! DON"T buy Items manufactured in Mexico from a company that used to be in the states. IF YOU STOP GIVING THEM YOUR MONEY THEY WILL CLOSE UP AND IT WILL RE-OPEN IN AMERICA. ( Example in comment below. )

[Davidbzm01]

Hershey Co., whose name has been synonymous with U.S. candy making for more than a century, is moving a bigger chunk of its production to Mexico. Hershey said the three-year blueprint would reduce the number of production lines by more than one-third while (SAVING THE COMPANY) as much as $190 million. Who is going to buy that chocolate ? an unemployed worker ? Why doesnt the price of those items ever go DOWN for the consumer after they saved 192 mill ? I ask you. STAND UP AMERICA FOR YOURSELF

[Pacis2009]

Bunch of overpaid elitists arguing why they should steal more money from the unemployed and working people of the state so they can keep their overpowered socialist union happy....

[apathy74]

The intro to this video makes me think of the stupid ass Safety Videos I have to watch at work....

[tgold1968]

It's spelled "ridiculous".

[ignacioacup]

why anyone ever listen to californian university elites. ridiculos!!!

[polymath7]

And why would you summarily dismiss them?

The day you may safely disregard someone simply because he is employed by a university is the day you may listen to no-one, and information itself becomes useless.

[dumbnetworks]

assoles

[wwwarburg]

This video is ridiculos. The world is sinking for the incompetence of these fly by night taking them really too seriously.

[murtsworld666]

I love your man at start first speaker , his name is being called out , just keeps on writing , smooth . ha ha

[gdeguy1]

would not suprise me if these guys are CFR members defending the FED.. Globalists

[MilesB1975]

Get rid of the Federal Reserve!

When will dollar equal one unit of resources again?

No more investing in a rubber dollar!

[baalChrist]

Haha mandatory volunteering!

[radishwithlove]

scientific innovation is what drives the global economy. in the 50's you had breakthroughs in nuclear energy, plastics, etc. In the 1980's you had the beginnings of the tech boom that lasted until 2000. Where is the new innovation? THe Us has spent much of the last eight years fighting pointless wars instead of focusing on innovation. The overall standard of living increases not with stable financing but with more effective medical treatment and utilization of natural resources

[swastikstar2000]

Dude. That is true that givenment need some new innovation which will pull america another aome period of time otherwie war is the solution.

[P1915]

Found this lecture to be very instructive... my question can the change in direction that is likely to come at the national level in the name of Pressident Obama save us? Surely, economic terror is has devastating as any other. Hope do we escape the brunt of this disaster, without losing ourselves. This video gives the answers.. hopefully in time for us change how we do things... use our money.

[land4citizens]

Dwyight...A Title to land is the "law-made" Right, not "natural" Right, to deny all other Humans the right to exist on that specific piece of land. When all land is legally owned, those without access are denied the "Natural Right" to exist on this Earth. One must pay another to exist.

Labor and capital (productive human effort) are taxed to provide police, schools, sewers,

roads, bridges, etc. which bring value to land. Land Value is derived from the community. Labor and Capital are punished.

[PeterSodhi]

The answer is simple DEBT. See I.O.U.S.A

[land4citizens]

This financial crises is a direct result of the complete legalization of land in the USA around the 1880s. This created a perpetual landless class of people. Since then the government created artificial remedies IE. Fannie, Freddie, etc. to compensate people who could not afford access to land. The government treats the symptoms not the cause.

The value of land increases because it absorbs the economic production from labor and capital. Land increases in value creating

speculative bubbles.

[Dwyight]

land4citizens ... Legalization of land allowed capitlization in the form of mortgage holdings. Does the asset capitalization leverage labor by capitalizing effort, or does it diminish it by absorbing labor in a common rental pool (i.e., interest economy)?

[Quiksilver209]

I learned the dark secret of how the central banks work (by myself) and for the first time in my life I felt I was learning something, not wasting my time memorizing for exams that get rid of people. Too bad it will end when I go to cal in 2 weeks. I love this freedom, no pressure, productive outcomes, no debts, made few hundred dollars with gold. But No More.

[Quiksilver209]

this shit is an insult to people that understand the system. This past semester I did not attend college and I learned more then any time in my life.

[mozartgenetics]

You'll notice the first speaker mentioned Ben Bernanke in his opening statements which will usually indicate that everything else he says is meaningless. The Federal Reserve has destroyed this country and if that is not mentioned in the opening statements you can forget anything else they say.

[jehnubis]

If you guys want a more simple, beautiful explanation of the financial crisis, listen to "PETER SCHIFF!"

[lumpfish99]

perhaps the 4th speaker got whacked by the fed reserve mafia....what a bunch of informed distinguished idiots....not even an allusion to the fed reserve scam.....

[niunka1]

Bullshit gentlemen!

Federal Reserve is to blame! And you know it!

[BanjoNaps]

I am very much in agreement with you.

The bullshit is clearly resting in and around the Federal Reserve! The artificial credit propping prices well above wages of labor is just streaming out of that bank like excrement from a grade B Mexican restaurant! An adventure in a commodity backed currency is the medicine to this debacle!

[BanjoNaps]

I like how these guys should be screaming. Its the federal reserve. Fractional reserve lending practices with no commodity base is to blame for all of this. They don't know though, they just nibble at the edges of cause and effect.

The plan should be. Fuck off government. Just let sick corporation die off and competent individuals will come in during bankruptcy and put all the freed capitol to PROFITABLE use.

No more government blah blah blah. Do we need another department of agriculture?

[georgeontherocks]

I'm afraid it is not as simple as "fuck off government" and "let sick corporation die off" We need regulation

[BanjoNaps]

Cause and effect. Why?

[georgeontherocks]

Because corporations get greedy, wealth is not distributed fairly, and when "the bubble bursts", the poor pay the price while the rich receive "bailouts".

[BanjoNaps]

1: So why let the government take money from profitable corporations to save the ones that made poor choices and pumped up a bubble?

2: Why save people that were stupid enough to fall for a ponzi scam by taxing people that weren't?

3:How do market bubbles form? What is the ROOT cause of them? How are they structured?(greed is not an answer to these questions)

Wealth is not distributed fairly. You are correct. It should remain in the hands that produced it.

[georgeontherocks]

1: I agree, this is a terrible system, yet it has nothing to do with regulation.

2,3: The ponzi scheme idea explains how market bubbles form, this money is coming from nowhere, and while the illusion of wealth is present, it is not backed up. This system is started by risky investments which should be regulated. Yet, when the market fails, the poor lose whether or not the government steps in:

[BanjoNaps]

Some one gave some banks free money, and they leveraged it up. Unfortunately the supply of houses and the markets they were in quickly outgrew demand. Never the less speculation took houses off the market creating scarcity. With the availability of "easy" credit irrationality took over. Eventuality the price was so far above wages of labor that no one would take out loans. Buyers became sellers and well... now 1/4 houses is empty! But it had to start somewhere... Why not another market instead?

[georgeontherocks]

Here's a simple overview:

It is commonly agreed among economists that one of the effects of deregulation is increased market volatility (what we are experiencing now). I am not in favor of bureaucracy, excessive government, price controls, or basically any government intervention, socially. However, I think regulating large corporations and banks is important so things like this crisis don't happen. We say the same things, our only difference is that I believe in tighter economic regulation.

[BanjoNaps]

Yes I agree on the similarities. Could you elaborate more on exactly how you would like to see regulations implemented. In what situations, ext.. ext... Also, I think bottom up input is needed in some (if not many) aspects of this situation. How do you think that could come into play... if at all... I would like to get into the nitty gritty of how property rights could be a help in all this, but I would like you to really develop your thoughts on the matter first. Nice conversation BTW!

[georgeontherocks]

In terms of the financial crisis: These investment banks should have stricter oversight to limit risky investments.

In general:

-polluting corporations should pay for the negative externalizes they produce (in taxes).

-establish government regulated monopolies in certain sectors (electricity, etc.)

-Monopolies should be regulated to produce at sociably optimal prices and quantities.

We both don't trust government, however I don't trust corporation to produce what is optimal for the populous...

[georgeontherocks]

-Our government is a democracy (in theory)

-Our financial sector is NOT democratic, decisions affecting every citizen are made by few powerful.

-The private sector is not interested in serving the people, rather maximizing profits and serving the few who are in charge.

-Government regulation should (in theory) be a step towards the financial sector serving the people.

-Bush let these banks run wild, and rewarded them for bad behavior (basically bad parenting/governing). Regulation/free market

[wildflower420]

dig deeper, it wasn't just Bush, the elite have been running things since the establishment of the Federal Reserve since 1913.

...and while you are at it check Obama's financial and foreign policy advisers to see what the future holds. Ready for mandtory volunteering for your country (draft said differently). Main stream media are government mouth pieces now so get your info else where and don't believe everything you read anywhere.

[hymnofashes]

What we have is a balance of payments problem with China. We have spent too much and saved/invested too little, in education and capital development. We will now become a normal nation instead of a superpower. The longer the government tries to stave this off, the more they will inflate the currency.

[ExoticSpotting]

You seem happy that socialist policies are ruining our nation.

[hymnofashes]

I'm happy that the U.S. will be forced into a multilateral role. It's hypocritical to cling to dominance in the U.N. and privileged access to oil, and to refuse Kyoto and the NPT, and then claim to support democracy.

I am not exactly a socialist, but I do believe in a strong public sector. Regulation defines and allows markets, and it's the only way to protect the commons.

There's nothing about being for high taxes and gov't spending that implies you should run deficits or have fiat money.

[ExoticSpotting]

W refused to implement the Kyoto Protocol because an absurd proportion of the costs would have been heaped on America along with infantismle benefits.

Look into the issue, don't assume 'they didn't sign it they must be jerks'.

[stanzemanek]

I live in Australia where most people seem to think that the Government signing Kyoto was the *be all and end all* of enviroment policy.

Yet, the least Clinton and Bush could've done was sign that over-rated piece of paper (for symbolic purposes). Because if every individual person around the world lived the lifestyle of a typical North American (or Australian), then we'd have to re-name Earth: Venus II.

The US has to face the same costs as the rest of us. We are ONE world, not nations...

[ARTAUDIOJOTA]

Or do you mean the government is a mechanical arm for the owners of main stream media?

[dunkafelic]

@wildflower420 I agree, but when I hear something like "Ready for mandtory volunteering for your country (draft said differently)" I think to myself that's the kind of fear and paranoia that keeps the status quo in place for the Fed.

[Mike32587]

@wildflower420 It goes further back than that... Almost since it's founding, America was founded as an oligarchy. Go back and study the early disputes between Hamilton and Jefferson over the "American System."

[nbm34]

WHEN all this waffle is said and done. The banksters still have there ponsie schemes. THEY CAN CREATE DEBT FROM LITERALY a peice of paper, were they have produced or built nothing in the real economy.

The CENTRAL PRIVATE banks print money at interest, for the STATE who then tax the shit out of us for their borrowing. In America the sum presently at 20 TRILLIAN growing at 7% per month. Britain 1 TRILLION and more for all if truth be known.States guarenntee the illusion that money is safe in,

[Dwyight]

georgeontherocks ... It would appear that you are hypothesizing that regulation ameliorates market risk associated with variance (i.e., volatility). I would suggest the contrary is true. Regulation with its emphasis on non-price determinants and artificial price floors / ceilings creates a state of price disequilibrium. Consequently, despite the fact that the absolute range of the variance decreases, the net variance increases because the market is in a constant state of flux.

[georgeontherocks]

I agree, price controls are idiotic, yet, they are unrelated to financial regulation...

[Quiksilver209]

George the reason why corporations are so greedy is because they have to survive. Blame the central banks (federal reserve) for deciding who gets economic securities that determine which corporations survive. The US constitution prevented this, but no politician ever obeys it.

[georgeontherocks]

Bailout: Government pays the rich using tax dollars coming from the populous.

No Bailout: Massive unemployment

The system is screwed up, but the free market is not the answer (in my opinion)

[BanjoNaps]

Ah but no... The money comes from some were. Some one is typing that credit into computers. Who is making the loans to the banks? Want a hint. Its called high powered money.

I wish I could convince you against regulation... Instead of regulation consider property rights with judicial oversight.

I think a more fitting argument for our times should be.

Should the government intervene with infrastructure, or should the tax payers keep more of their money?

We've hit common ground, that is good!

[LastReplaySC]

A lecture on symptoms. When does intelligence enter the lecture?

The moment they are sitting in the dark, with the lights out, never to come back on again and a fascist police force order them to comply.

Fiat based on faith, dependence, debt....as well as exponential growth rates of fake values.

It's the 21st century, but sounds more like dark age slavery. Labeled "free market".

Over 8/9 of Global based Fiat Values are fake values with no substance but debt and speculated debt.

[warrencurrier]

This lecture is insulting to an informed person... and great for junior high students.

[CaptainZeep]

Insulting? Well, don't expect an apology, and try not to be so sensitive, will you?