Person of the Year: Bernanke choice 'shows what's wrong with MSM'

[nevayochum]

great video .. good job congrats

[Salvysahagun]

ya... I don't think Cenk is really the right person to talk about this?

[bigbeninjax]

Ben Bernanke is in charge of the Fed when the global economy supposedly "collapsed" in Sept 2008. Now, there are only two choices. Either Bernanke was too stupid to see it coming..........or...., Bernanke saw it coming and had no idea what to do to stop it or slow it down. Either way he is incompetent. Or, third choice, the entire "collapse" was manufactured. None of these qualifies him for "Man of the Year". What a joke.

[LSRochon]

So you;re telling Bernake that you can't trace half a trillion dollars when you loan it oversees?

[CryptoJew]

bernanke didn't see it coming? yeah right. protocols of zion.

[chopsuey33]

who the hell is cenk what eva his last name is ? no economic significance

[spanishaustralian]

I hate the fucking FED they bring us Wars Depressions Recessions Starvation Poverty Corruption Collapses Iflationary collapses Deflationary collapses Plus huge governemnts that can lead into dictatorships There is NOTHIN good about a fed FUCK IT OFF GLOBALLY

[CmdrTobs]

Look up how the fed works, read it. Understand the economics. Its pretty much required for the monetary system.

The same gun owning tea bagger that want their right wing corporate capitalism but then don't need the fed. It is like wanting a monarchy and complaining when they build a palace...

[spanishaustralian]

its not required at all. fuck it off.

bring in competiting currencies. federal reserve money, government money, gold silver copper local town money new york money heck anything we want just allow us to compete with the current monopoly. money will forever circulate and never contract or creat our recessions and depressions. anyone who tries to rip off the system wont be able to cause the money will be rejected we'll have many places to go.

[spanishaustralian]

i have read up on the fed already, tonnes of it. its really really bad.

[CmdrTobs]

Yes, I think its bad. But then I am not one of the many "End of Feders" who then go out and protesting a slight increase in tax to the rich. Or then go along with massive inflationary wars which balloon the money supply.

I am not saying you are one of these right wingers, but little when change when the base that opposes it supports ALL its indirect actions.

[CmdrTobs]

You could do that but like i said...

Forget banking as you know it, corporations will almost disappear, fast liquid equity would disappear. Essentially the business models would revert to those of the 1850's. Most could not start any business they could not get running with their 'hands'.

I am in no support of the Fed, but I find it absolutely hilarious the same Tea bagger types who defend Rush Limbo when he says its ok he has $0.5B are screaming down with FED.

[spanishaustralian]

What are you talking about. competiting currencies would have tonnes of liquidity. finally any town any city wuld be allowed to invent its own currencies. you would have tonnes of moneys circulating but obviously the most important would circulate across the country like gold silver copper central banking notes govrnment notes. money would be everywhere and it would be competiting with all to exist and to remain honest.

[spanishaustralian]

you say

"Essentially the business models would revert to those of the 1850's"

not understanding that the people of the 1850's lived better than those from the 1700's. and the people from the 1900's lived better than those of the 1850's' movies were invented in the 1890's. electrification came about in the 1910's. progress still occurs and the faster the networking becomes the faster the technology and standard of living increases. you think its fed money that creats wealth? thats ridiculous.

[spanishaustralian]

wealth and living standards increase with or without your central banks. to be honest the countries with the most active central banks are the poorest. the more stable the fed makes the money the more prosperous. 1850's society was poor cause it was only in its begining of capitalism. as capitalism progresses the society creats ever increasing wealth. we become more advanced. fiat money destroys wealth. competiting currencies would be very liquid. extremely liquid but HONEST.

[spanishaustralian]

fiat money has granted few families to absorb most of the wealth of the world. more than half the worlds wealth belongs to few hands. probably 2 families like the rothschilds and rockefellers. how's that for your fiat system yeah mate heaps good. fuck your fiat money off i hate the shit. COMPETITING CURRENCIES IS THE ONLY WAY FORWARD. FOREVER.

[CmdrTobs]

I agree with some of that. But that's my point every tea bag right wing "conservative" that opposes the things that were great about eariler economics and thus SUPPORTS the need for a fed.

For example. Wage disparity between a Factory owner and factory worker has shot up so much so that factory owners feel entitled to be billionaires and domestic workers are too expensive so they move to sweatshops.

The Fed is needed for this, it has to quantitatively ease into existence those billions.

[CmdrTobs]

"you think its fed money that creats wealth? thats ridiculous." - a sure sign you did not read what I wrote.

[CmdrTobs]

Competing currency only increases bureaucracy and slows the flow of capital and certainty.

Here is how you do it. You issue a currency. You inflate it based on material produced. You make everyone own a portion of their means of production. AKA socialism.

[CmdrTobs]

You say that with such optimism which would surely fade when the currency your paid in is devalued. Not through any government intervention but by others who use it...speculate on it....over manufacture in it...

You seem to find it incredulous why people don't use precious metals as currency, and talk like you are on to something revolutionary.... Look up brent-woods 1/2 from a global perspective and history since the middle ages and its clear why gold is not used as a currency.

[CmdrTobs]

So everyone in Ohio is gets screwed this week because their fiat currency sudden plummets against NYC's?

I know what you are trying to say and I know what you are trying to do.

But it would require massive change in economics and Business. Something most of the "End of Fed" right wingers oppose.

Rush Limbo I quote "Its nobody's business what I earn" Oh it is without a FR.... That's the disconnect right there.

I dunno about you, but most "End of FRers" are wannabe Pharaohs but hate pyramids.

[spanishaustralian]

If NYC's was to inflate people would be able to shift into harder currencies circulating in there city like Federal reserve notes or government notes or gold and silver or copper or what ever they wanted rendering the inflator of NYC's redundent and they would actually lose if they tried to inflate. everyone is kept in check you cant inflate that would lead to failure for the inflator who is trying to scam.

[spanishaustralian]

Competing currency only increases bureaucracy is false. large bureaucracies can only be funded by inflators. you cant inflate a competing currency it would be ridiculous to do so if they tried they would ruin no one but themselves. Ron pauls competiting Currencies should be backed by everyone in the whole world. competition produces excellents.

[CmdrTobs]

Excellence in those that win perhaps.

So if Goldman Sachs made even more profit without actually producing anything useful would they be even more excellent?

Whether competition produces excellence in OUTCOME is more complicated and depends on rules and regulations the correct incentives and disincentives. This is what we want, competition leading to excellence in outcome.

Done wrong excellence usually benefits only one party and even then only for a short time.

[spanishaustralian]

goldman sacks would not exist in its current state if you had competitin currencies fool see you know nothing man. shut up. you wont have large banks like goldman that would be impossible. they bank uses inflation to make it rich and inflation would be abolished.

[spanishaustralian]

i have studied free market ecomonics more so than you that is obvious. regardless of what you say a central bank is not needed. free markets with its own money is the only way it will work and remain functional forever. not this boom bust rubbish people forced to use only one currency that is made to apear then disapear and inflation transferring the wealth from the middle class to the investors. this is ridiculous and so are you.

[CmdrTobs]

Now I see the extend you don't get it. Inflation STILL would occur. In fact the problem with the gold standard was that foreign powers could rage a deadly effective war on your currency under gold pegged currency.

Imagine if the US converted to gold to morrow. China would suddenly be able to own half the US. There is many times the GDP in US than there is gold that's the problem.

Just read some more generic economic books as you sound like you have just read 1 related to inflation.

[spanishaustralian]

china does not have half the worlds gold why would they be able to own half of america in an instant? your wrong. even if they could which they cant yet if they could you already have a government who already prints up half the countries money to expand and roam the world invading the world. essentially strealing a half the countries wealth. in the 1930's america had most of the worlds gold yet they didnt own half the world.

[spanishaustralian]

in the 1930's america had most of the worlds gold yet they didnt own half the world. other countries were just forced into recessons cause america hogged all the gold. people still must sell there assets for someone to own them also they cant buy up shit. if america had only 1000 onces then all the products and services in the country would be distributed accordingly to that 1000 onces. but im not saying a gold standard tht would be a disaster. you need many currencies.

[spanishaustralian]

if competing currencies existed inflation would be unheard of. except for he steady growth of mining.

[CmdrTobs]

Wrong, I believe you are talking about a literal fixed gold pegged currency. If not gold itself. Again that does not work. You get massive deflation.

The birth rate in the US is what 3%? That means every year there is 3% LESS money/person to go around. Who on earth would take a loan?

I don't even have to factor in the expansion of goods and services to show that a currency won't escape inflation. Unless your stupid enough to use an actual precious metal for currency like its the 1300s.

[spanishaustralian]

Wrong.

im talking about many currencies. you are obviously ignorant and i will not read your comments any longer. idiot.

[spanishaustralian]

stop wasting my time with your belovedfiat money and central bank shove it up your ass. i hate the thing. just fuck off plz stop bothering me with yor rubbish.

[CmdrTobs]

Baby has a temper :)

[CmdrTobs]

I understand your sentiment, I say for the nth time I AGREE with it. Inflation of money is just another way to screw other poor and compound the asset based wealth of the rich, BUT you need to do some more reading in VERY general economics go out and make sure the next book you read is just a standard university text on Economics/monetary economics etc....

[CmdrTobs]

No, America was holding on behalf of other countries in RESERVE. That's not owning it.

At current gold prices even if America could get there hands on ALL the gold ever mined it would it would still make gold inflate many fold in price. Given that America could not even get 50%? maybe of all gold mined, you would be setting that Gold = to $8trillion. Basically making the other half in foreign vaults SUPER valuable.

That is why those in know talk about Diamond stds.

[CmdrTobs]

"cant buy up shit" hahaha google cadburys take over by kraft. Its one of the leading business story's of the month that says otherwise. Did you know we have something called PLCs and a stock market?

[CmdrTobs]

That's because they had a promise of redemption. You are talking about using gold as the actual currency. You cannot set the $ to Gold price higher than the cost of gold today as a commodity without MASSIVELY over valuing the gold.... The us has >> fiat dollars in wealth than gold in the world. So you either devalue the dollar 10fold? Or you ramp up the price of Gold. Both increase the wealth of every nation and lower Americas. e.g Microsoft would suddenly cost 1/10th. Country fire-sale.

[CmdrTobs]

Ron Paul is more 'free market' than most but even he opts to protect special interest 4 times out of 10. Not to mention is semi-senile irrational comments about evolution being 'fake' etc etc....

[CmdrTobs]

Reread my post, I was talking about Ohio's currency crashing vs NYC. Not all currency devaluation is because of quantitative easing. In my example I picked Ohio Vs NYC to highlight that Ohios currency could and would devalue against NYC's as Ohios services are much less in demand.

I get your general sentiment, but you have the details confused and over simplified. I think you should read a very general book in economics rather than further topical publications you seem to have read.

[LeGioNoFZioN]

Wait stop the presses, seriously, everyone think about this very closely ....

This is the only issue I can think ofwhere progressives, conservatives and libertarians all agree.

We should take a moment to reflect on this, the closest we will ever be to universal agreement on anything.

[a7green]

....... The corruption trend...

Fail in Govt. = get a promotion

Bomb Afghanistan = win a Nobel Peace Prize

Sink an economy = win Person of the Year.

WTF? X 3

[FuneralFragz]

EVERYONE in America should get a chance to hit this guy in the stomach with a sock and a bar of soap....

[Gizziiusa]

LOL Ben looks like Lenin !

[thedevos1981]

Adolph Hitler was Time Magazine "Man of the Year" in 1939

[labourrine]

@thedevos1981 and they were right in this case, bernanke is a bloody jew !

[HeinousOne101]

You know, I really wish we would have been given an example or guide for what to do when The People receive Taxation without Representation.

That would have made all the difference in the world huh? Oh wait......

[wannaruwae]

zionists owned media honored the head of zionists owned private federal reserve bank. it seems to me that zionists-nazis banksters are mal-cancers to common americans.

[soit25]

do u personally see any reasonable way to quit this situation? as common zionist is much clever and resourseful then common goim, which in turn are divided/concured

[wannaruwae]

it's useless to reeducate ruciferian zionists banksers so that angry american people need to surge into the FRB building to audit all 12 federal reserve banks and reveal the corruption.

first of all, cleanse the financial system, then, inform american people that senators and representatives who belong to the shills of zionists-nazis.

[FearISaWMD]

This is a bigger joke than Obama's so called peace prize.

[joel1923]

Okay: now I've seen everything... :(

[soit25]

hope so..

[IgnoranceIsNoExuse]

Obama gets the Noble Peace Prize for continuing the wars and even expanding them. He didn't do anything to deserve it. That shows those who give out the award have become politicized and can't be trusted.

Bernanke gets person of the year for giving billions of dollars of taxpayer money to who exactly??? Person of the year for protecting his banker buddies, for theft from the American public... There goes the rest of the Times credibility....

What a bunch of arrogant bastards!

[Miskatakeable]

We're gonna see his face on the euro bill

fuck..

[Tressco]

Time goes comic book...

[averageworkinggal]

Thank God a good ol' southern boy from Dillon, South Carolina won the TIME Man of the Year award.

Us 'bubba's' are proud today.

Ron Paulism took down the economy - the naked short sellers of Ron Paul's "Liberty and the Free Market' took down Bear Stearns and then took down Lehman Brothers which caused the credit freeze that took down the economy.

If Bubba Bernanke had not let "Liberty and the Free Market" rule in the Lehman crash...

Ron Paul's at fault, not good ol' boy Ben 'Bubba' Bernanke.

[jimbobubbadj]

Averagegal, you are just kidding, right?

[averageworkinggal]

@jimbobubbadj - of course not.

Ron Paul and his naked short sellers are at fault for causing the financial crash.

The naked short sellers killed the stock prices of Bear Stearns and Lehman Bros. which caused an investor panic that pulled all their capital out of these firms and the repo lenders pulled their financing that killed Bear and then Lehman.

So it was Ron Paulism - "Liberty and the Free Market" - that killed the economy.

[soit25]

no, it's a troll on payroll. show ur compassion and understanding.

[soit25]

watch?v=HYedTmaHt1A

[davidpark68]

I hope that's sarcasm, Nobody can be that dumb.

[johnqpublic81]

I was happy to see that Cenk did his OF COOOORRRRRRSSSSEEEE!!!

[Djelomou]

What a shame...after the Nobel we have to put up with this...TIMES lost the little credibility it had left. This will not be forgotten when all their system will crash down.

[twomiracles]

first time i've ever agreed with the youngturks....lol

[TenderTrap86]

Finally the Young Turks get with the program.

[handydude6]

Bernanke should be sitting in Gitmo. #1 Terrorist of the Year 2009

[handydude6]

Young Turks = Vatican controlled Zionist

[dreabboy]

@handydude6

rofl

[Marspyramids]

I think the elite rulers of the planet more mostly selfish greedy evil fucks that need to humble themselves and get amongst the people and stop being just plain fucking evil.

[sniper6081]

Cenk again? Wow. I wasn't expecting that. Then again, this is RT and they do show views from different parts of the political spectrum so I guess I shouldn't be that surprised.

[danoking69]

Your videos constantly get censored by media, facaebook youtube, i cannot share them with friends, or only;

[GeraldBull9693]

Most people fail to connect the dots. It is so blatantly obvious that the same people who control the money also control the government and the media as well (among many other things).

[CAVEMAN93able]

OMG what next? Polosi wins an Oscar!? This country has turned into a joke!

[0bodobod0]

lol RT has Cenk on again. Armenian genocide anyone?

[silversobe]

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

~ Henry Ford

[MIDNIGHTRlDER]

obama gets the peace prize,

bernanke gets person of the year. 

Welcome to Bizarro World!

[ForTehNguyen]

amazing lets give the man of the year award who helped cause the whole thing and didnt see the thing coming

[solojam]

good job bernake, destroyed US dollar, created another bubble and most proficient putting every american tax payer in almost 100 grand in debt due to the ballooning deficit.

great job!

[magdaleneanna]

I can't wait to see Max Keiser's show this week; he's going to have real fun with this.

But am I surprised? No, not with the way the media is controlled by big business. How many other incompetents have we seen lauded in this way?

Umm... let's see, there was the case of the 2009 Nobel, too, wasn't there...

[n01gonzalez]

What an idiotic thing to do. The USA already looks incompetent and this would be the cream on top of the pie. A peace award to someone who believes in war and now this.. GOD HELP US ALL......

[leostomicek]

I think Adolf Hitler was also on the cover of Time...

[mac163]

man of the year? hes in good company with adolf hitler and ayatollah khomeini.

[lurkerhermit]

Bernanke The Jew is Jew Lording over the Gentiles of the Year from the Jew Owned Time Magazine.

[tbirdky]

Quit bad-mouthing our captors.

[lurkerhermit]

Bernanke the Jew

[zombieseezombiedo]

jew or not, that's really irrelevant. Jesus was one, and he turned out alright.

[bdvzim]

The NWO is now so blatantly at work.

First Obamanation with Nobel now this Burnhanky scoundrel!

Where did Bush-Cheney go wrong then? Oh wait...top accolades coming their way soon too.

[thane17]

The Young Turks are some of the most politically consfused people America has but I applaud them for accurately pointing out Bernanke as one of the key players in our economic collapse.

[ForTehNguyen]

watch this shit blow up again, then can they call him Man of the Year

[juelzsantana0088]

LOVEE this channel!!:D

[soit25]

just look at us: everything is backwards, everything is upside down:

doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom,

major media destroy information, religions destroy spirituality..

[thane17]

wow!  This is so true!

[STEVE032264]

Bernanke is a puppet of the bankster terrorists.

[BrotherWinston]

Did you noticed? Obama didn't even looked at Bernanke directly in the eyes when they shaked hands.

[1984IcameandIstayed]

sharp observation. went back and watched it again. body language says alot!

[bdvzim]

Don't worry...they are in the bed together! Trust me!

[Northern5tar]

Go Cenk!

That things are becoming so blatant that the false left/right paradigm is shattered.

[bugsy5656]

this is like giving hitler the nobel prize for humanitarian efforts

[NaoSouNando2006Nao]

One more example of the media (time magazine) telling you what to believe.

[djjasonxxx]

WHAT A JOKER

[batflies]

He stopped from wrecking it completely, yea what a man.

[TheLiddlekiddle]

This is a joke like all their stupid awards, but TIME is illuminati owned just like Ben Bernanke...

[69QuIzAcK69]

TIME is trying to sell magazines people! THAT'S IT! Controversy = Sales, just ask Britany Spears.

TIME is obsurd. They also gave Adolf Hitler this award.

[JaminHell]

i love this RT news lol

and good video too boot. :-)

[vikingbeaner]

why would you bring the young turd to speak?? come on RT!!! u can do better!! please!!!

PS: Ben Sucks ass!!!

[ONErighteousNESS]

VENGENCE is GOD's HIS WILL REPAY!

[mokdadmm]

America on two wars and Obama and his's administration constantly threatning Iran of a possible air-strike attack and deployment of additional 30,000 troops in Afghanistan was awarded the Nobel Prize for PEACE; and now Bernanke the person of the year, well no doubt that what is going on is no fair!

[starlight1946]

The US is run by a den of thieves.

[freedominsomalia]

young turks suck

[freedominsomalia]

but he's right in this one

[ViraIVideos]

Person of the Year Fair.

Article about Person of the Year, Unfair and completely biased.

[jobrien2001]

Young liberal tards are starting to realize Obama is a fraud.

[Ristar85]

if u watch their vids, u'll know the Cenk has been quite critical of Obama for some time.

[jobrien2001]

Of course he is, Obama has broken just about every promise he made... but you seem to forget that the young liberal turds urged people to vote for him for over a year.

I dont forget.

[Ristar85]

no, i didnt forget it either.

however, "candidate" and "president" are 2 different things.

[wenstephan]

More like postponed it. It will get wores just wait and see.This is a JOKE ON US.

[fazadeset]

i say WHY NOT ....if ObaMao can win the nobel peace prize WHY NOT Bernanke Time's person of the year ...we live in a twisted world anyway

[AlmightyJerk]

I wonder how much of our tax payer bail-out, just went to Time, for that Ad?

[werebear1]

Well Bernanke certainly perpetuated the bad policies, so he is not the only one to blame and certainly not meritory of any positive recognition

[igorvasilevsky]

Nobel Peace Prize - Obama.

Person of the year - Bernanke...

What's next in list of US brainwashing machine? Pathetic american terrorists of mind..

[youvefoundit]

It's not about America... It's about the New World Order.

[HarryNRubin]

He does deserve it, but for the opposite of the reasons Time states. It is the same as when Time picked Vladimir Putin for Person of the Year; not for his positive aspects, but for the effect he has on the world. Ben Bernanke has had a great effect on the world in that he has been instrumental in destroying the value of the USD, though the Federal Reserve as an institution is the real problem, but the chairman himself. Do they really look at theses comments? Haha.

[haze42082]

thanks for the upload

[Typamango]

They have a plan (globalists) and they're stikin to it. NO MATTER WHAT people think. Lol.This has got to be slightly obvious, even to the sleepiest of woolly lambs. Anger will follow disbelief for me shortly.

[brennanclan]

Time Magazine has just labeled itself a NWO front!

right in the face of public opinion. shameful.

first Obama's Peace Prize and now this worm gets awarded

[RomeoMD25]

young turds

[ch1kusoo]

LOL YOUNG TURDS CUNT OGRE attacking Obama's savior?

[MDSingerling]

Coming next week; Osama Bin Laden has just been entered into the guiness book of world records for the longest game of hide n seek.

[Ristar85]

LMAO!

quite a creative comment. nice.

[BlessedONE333returnz]

LOL the young turks - who are the biggest moron liberal jackasses are attacking one of their own

too funny!

fire them all and hang many for treason

[EliteOps1]

The Young Turks are a bunch of liberal idiots

[ComradePatriot]

HE SHOULD BE HANGED

[flyhead2]

What the fuuuuuuuuuuuuuuck???

I'm just recovering from Obama's peace prize, excuse me while I swallow my tongue.

[johngrover77]

did you know facebook is not letting your videos be embedded on walls...unlike music and such...You are now being treated like Press TV out of Iran by facebook.

[odin422]

we live in the TWILIGHT ZONE

[igorvasilevsky]

"We" are americans and some of Europeans, brainwashed by anglo-saxonic crap. Don't generalize people. There are countries, which care about truth, like Russia. But the pressure of propaganda is stronger day by day and brainwashed pathetic americans help mass media in these dirty lies.

[odin422]

ZIONIST run propaganda machines mind you.

[LibertaerUeberAlles]

Ha ha, not many anglo-saxons to speak of. More like judeo-types.

Anyway, the Seljuk supports the bailout. What a moron! Why does Priya even bother with this kind of interview?

[soit25]

end of kali.

[ExposeZionistCrimes]

no we should blame all the zio swindlers

[danben72]

Fuck Bernanke and throw him under the bus with all his crony guys Greenspan, Summer, Rubin, Paulson, Obama & Co!

[eyeswideshuttt]

yes indeed.

[jreed136]

Oh lordy, lordy, lordy.

[setokaiba22]

Perfect title