Nonsense! Why does he sound so scared? mabey because he knows what he's saying is all BS! The money he is reffering to is the american peoples, therefore he shoul be speaking "plain" english not rubbish. There is no monetary point that he should be making that an average taxpayer cannot understand!!!!!
so hes just reading of some paper making us hear what we want?3:30 you know all you elderly people are going to die more soon than the young right?or are you tryn to out live the young with money and power...its sick how people live for money...hopefully the world naturually kills everyone so these people can see what power they really do have and realize their pointless shit of 1 life time
This is the same asshole who said that there was no housing bubble. Bernanke has NEVER BEEN RIGHT. Please, write and call your congressmen, and let's do all we can to make sure that this lying motherfucker is the LAST chairman of the Federal Reserve.
bernanke is the world's number one terrorist. i wish you gods speed in destroying the dollar. only then will the majority see you for the criminal that you are. bernanke shame on you.
commodities prices at low levels? soy beans, gold, sliver, cotton, coffee, etc. this guy is clueless.
If it makes you feel better to say the people who control your life are scared shitless, cool, you go right for it. Actually, they're being a lot nicer than their predecessors, so you really should thank them for that, at the very least. Or would you rather them act like their predecessors, who sat on their thumbs last time the country saw a deflationary downturn. They actually contracted the money supply. This time they're holding it steady. Would you like another great depression? Hmmm?
@corruptorCEREBRUM You never answered my question. What do you use to buy goods here in America? Hmm? You get on Doug Stanhope's system of blow jobs and cheeseburgers or something?
I am more inclined to trust Ben Bernanke, rather than believe people on a comment list from YouTube (of all places). Ben Bernanke said it himself, he said there's an economic recovery. I believe him because I'm more willing to trust an old-timer with a PhD degree in Economics and years of experience in what he does. When inflation goes up, he will just get rid of excess paper and increase interest rates. Simple. Get back to work and earn paper as usual.
@corruptorCEREBRUM Your trust in uncle Ben proves your ignorance. BTW Lyndon LaRouche called this depression decades ago. He called 9-11 months before it came down, he called the fall of the USSR one year in advance and Greeny and Benny didn't even have a clue. LaRouche is 88, Benny is a baby boomer fool. And fools begat more fools.
America will never have hyperinflation. I speak the truth. An iPod costs $229 and a Big Mac is $3. I bought 4 Big Macs, ate one an gave the rest to my dog. We can print more money and tell China to work for us. Prices in America will always remain the same no matter how much money gets flooded into the system. This is because the US Dollar is a world reserve currency, so everyone invests in US Dollars. Because the US Dollar is stable, prices for Big Macs remain constant. Fuck off sheep.
@charkee1 Same shit was said about the Yen 20 years ago, and I'm still waiting for that currency to collapse. The US Dollar will never incur hyperinflation because it's a world reserve currency, no matter how much money is printed. There could be $100 trillion sitting idle in our bank reserves, but this money is just sitting there, waiting to be lent out to anyone who needs it.
@corruptorCEREBRUM The Pound Sterling was the world currency in the 1920's, its collapse was the trigger of the Great depression. It is what and how much the money represents. If it represents good hard physical assests thats one thing, but the majority of the value the dollar represents is ficticious speculative debt, such as derivitives, To pay such debt as Benny is doing is a replay of Weimar Germany's Versailles debt agreement of the early part of the 1920's.
@charkee1 You say I am trusting the captain of the Titanic, yet you're one of the passengers? LOL, it's a one-way trip you fucking idiot. You either bail yourself out of the system or you follow the system. If you really hate the Federal Reserve and you want to rebel, then fucking wipe your anus with Federal Reserve Notes. The mere fact that you also using paper money (toilet paper currency) is proof enough that you love the Fed and their unconstitutional operations. Fuck off. You got owned.
@corruptorCEREBRUM Ignorance+high self esteem=arrogance. Typical gen Y, can't tell the difference between fact and fantacy. Nature has a way of humbling arrogant louts. You have nothing to back what you say=arrogance. . Every Gen Y I deal with is the same. No subtance and name calling. You clearly show sociopathic narcissism. There is no cure for your illness.
@charkee1 Fuck off. Uncle Ben is making me some serious money because he bailed out corporations in which my dad owns shares. Fuck off. If you don't like paper money, then go hunt animals in the jungle. Fucking ungrateful idiot. Even Bill Gates doesn't complain about anything. People who are worried about the economy are those who get paid minimum wages. Federal income tax is there to help pay the debt, so fuck off. Don't want to pay your taxes? Haha, you will get arrested. Bitch. Go to jail.
@corruptorCEREBRUM This is rather random. You will get your wish, you will have you fill of money, but you won't be able to buy much. It seems you don't like reality. You accuse me of ingratitude? BTW the debts are unpayable, outstanding derivitives are estimated to be one a quarter quadrillion. Are you any relation to Marie Antoinette?
@TheBattlefield2142 Fuck off. Those who complain about the economy are the ones who do not have money. Lmao. You would never find Bill Gates getting worried about hyperinflation, because hyperinflation will never happen. Fuck off and get a job, then at least you do not have the economy to blame for everything. Fuck you and also get a university degree. If you hate the Fed so much, then go burn your paper money. You wouldn't do it because paper money = wealth. Bill Gates has $56 billion papers.
@corruptorCEREBRUM The Satanist crowd are pushing this kind of agenda, nevertheless your writing indicates narcissism which is classified as a mental illness. Unless you are being totally satirical. Certainly the wall street bankers can be easily classified as narcissists and sociopaths.
@charkee1 Mental illnesses do not exist. Loving yourself too much is no more different than loving others. It's all psychological. What next? I also love chocolates, so are you going to accuse me of obsessive-compulsive disorder too? Your very existence insinuates that Mother Nature suffers from schizophrenia. Anyways, just because wall street bankers love money more than themselves, doesn't mean they are sociopaths. They truly hate money, so they get rid of it by purchasing cars and estates...
I'd like to know how can the Fed withdraw the money that the banks got for their CMOs and CDOs since the market value of those is junk if the Fed tried to sell them. So there's no exit strategy.
@delyshBB Ben Bernanke is a good guy, because he gives a 0%-interest, because he loves me and wants me to be happy. Uncle Ben is the King. Uncle Ben gave bonuses to the companies in which my dad holds shares in, at the NYSE, because Uncle Ben loves me and wants me to be rich and prosper. Everyone makes mistakes, we're all human, Uncle Ben didn't mean to monetize the debt. Uncle Ben is just going through a lot of stress because it's hard printing money and being rich at the same time...
ben bananke is the papa smurf of banking hes a genious everyone thinks where heading into hyperinflation no way its mega deflation where we are heading bens doing his best in order to pull us out of this dive lol god bless us all
@rolficus Get a fucking job instead of thinking about the economy. How many millionaires are living the good materialistic life? They don't need silver, they need Lamborghini Gallardos and expensive wine and 4 or 5 estates. Gold doesn't put food on the table. Paper money gets the good shit. Fuck off and go back to work, instead of trolling YouTube watching a video that lacks reliable sources. FUck you unemployed. If you hate Uncle Ben, then stop using the green papers he printed for you. Bitch.
@corruptorCEREBRUM paper money would work if it was issued by the US government as is stated in the constitution.and not by a private banker's dictatorship.Then it is loaned only to physically productive enterprises and not to speculators. Your cerebrum appears quite corrupt as your handle implies.
@charkee1 Paper is not the problem. It's the people in charge not enforcing the laws they created. I love how you all try to protect them though by blaming it on .... paper.. Hahaha. Right. Paper did it all! No no, people did it all.
@bweazel Yes, this is a big problem. The gold bugs don't understand that a handful of gold traders will eventually accumulate enough gold to create shortages of credit or commodities and then reap windfall profits by screwing the public a la Enron. The National Bank and Greenback system were good systems as long as honesty prevailed. The Federal Reserve ended all that. We need to eliminate the Federal Reserve to save this nation, there is no other way.
@charkee1 The US Constitution perspicuously states that the only legal tender is gold and silver. Here we got a Federal Reserve Act that legalizes and promotes the existence of the Fed. It's a law that was passed when half of Congress were with their families during Christmas. What's curious to note is that when the government borrows money from the Fed, they print beautiful pieces o paper called T-bonds (IOU paper). They go authority, so why not just print the money themselves?
@corruptorCEREBRUM The US Constitution also states congress has the right to issue credit. The Fed must be eliminated, it is unconstituional for the US government to pay private bankers for credit. That is exactly what the US Gov. should do is print money themselves. The early Puritans printed their own paper money and prospered will beyond that of their English counterparts. The printing was done because of the shortage of spicie was forcing poverty on the colonists.
@charkee1 Shortage is always artificial. Under market conditions, there is scarcity, but there is never shortage. There is a scarcity of Monet paintings, but you wouldn't say there is a shortage.
@charkee1 So why doesn't the government print its own paper money and loan it to productive companies? Why do you even allow these private banks to print money and loan it out and violating the Constitution?
@407buddy Also, especially if one becomes unemployed or doesn't have a degree, being prepared for people going berzerk would be prudent. Imagine the desperation, frustration, disorientation from filling out hundreds if not thousands of employment applications, reforming one's life, and endlessly being told hang in there, to no avail. One might go completely bonkers.
@delyshBB Because, the us economy is dependent upon crime, if everyone started obeying all the laws the economy would collapse, hence, my need to protect myself from the gangs the usa govt. encourages.
@407buddy Nothing wrong with being prepared. Because if a real war were to break out,highly unlikely, the state would be in a much better position if it's citizens are prepared. And also, limited dire situations will likely be needed to keep alive the fear which is needed for control. but mass starvation situation with real martial law is extremely unlikely.
@407buddy there won't be any hyperinflation or military going up against citizens. you need the majority to believe they can win if they work hard for that to happen. as it is now everyone with means can basically count on a lifetime of luxury without lifting a finger. to risk that with a real martial law situation would be foolish on their part. perception management is where it's at. If you believe there might be a martial law that is all is needed.
I completely agree with Bernake on this issue. Many people perceive they can't win, they feel it's a rigged game. Like a monopoly game with a young child megalomaniac who owns all the properties and cleverly decides to not build too many houses so you won't go bankrupt and he accumulates more and more. so folks give up hope and or go within themselves and get more introspective. Also, just look at Japan in recent decades.
@fedtheend My new Macbook Pro costed about $3000 at the iStore. My iPhone 4 costed $300. Things are cheap. In America, hyperinflation means:
"too much money chasing too much goods"
LOL. There's no inflation. America just has too much money, too much goods, too many ways to get stoned. I refuse to buy gold. It's not worth it. Paper money can be used to buy shit from China. Let them work for us, like the sushi they are. I got more money than you, I got wealthy parents. My Benjamins are blessed.
I think of my wage as packs of Newports. With the minimum wage at 7.25 and the price of a Newport in NY at 13 dollars, Im only getting like a 6th of what I used to get working at McDonalds. My wage went DOWN!! WAY DOWN!!!!!
In 1990 with the minimum wage at 4 dollars, I could get 4 Newports!
Today in 2010 with the minimum wage at 7 dollars it would take 8 HOURS of the SAME WORK to buy the SAME THING!!
FUCK THE GOVERNMENT!!!
My wage was 8 TIMES higher 20 years ago as a burger flipper!
@tatomuck18 I look at it differently. I gave up newports and mayonaise, everything addictive including gmo foods. I am earning one third of what I earned in the nineties,however , with the internet, I can find deals at half the price, can arrange bulk purchases, and have much more discipline, and also move in with illegals to share apartment , and find great deals on labor and everything else and esentially living better.
@fedtheend You should really try and read a book called "Suck My Motherfucking Dick". It states that there is no hyperinflation and all the sheep who hate Uncle Ben are obviously living on minimum wage. If you had a high-paying job, you wouldn't be concerned about the economy. This is why Bill Gates is so happy. He has kept his purchasing power. US DOllars have not inflated by even a decimal. Real inflation is 1.1%. That's pretty much a 0%. Fuck you and your middle-class habitat.
@fedtheend Haha, another minimum wage cunt who is cutting back his discretionary spending. LOL. Fuck you lower-class cocksucker. Get a university degree, then you might get a stable professional career and not have to eat peanut-butter sandwiches. Lmao. Thank goodness I don't suffer like you. I bet you're trying to make ends meet to pay the bills and put food on the table? I feel sorry for you. My monthly petrol bill is equivalent to your annual income.
@tatomuck18 Hahahaha! Fuck you minimum wage cocksucker. LOL! Go flip burgers at McDonald's, cunt. Fucking retarded burger flipper. You are a typical example of a college dropout. Next time I buy me a Big Mac, I'll look at the cunt and say, "Yes I'd like fries with that, bitch!" Get a real job you poverty troll. I'm a mechanical engineering student unlike you and I got wealthy parents, I get pocket money, so I don't need to work. Fuck you and your minimum wages. Kill yourself, please.
@tatomuck18 Go fucking flip burgers at McDonald's you pathetic college dropout. LOL. I can't believe how truly wasted your life is: flipping burgers for minimum wage. Haha, I'm laughing my ribs sore right now. You're a typical example of a useless human who struggles to pay the bills. Damn, even beggars get paid more than you. I'm sure you eat peanut-butter sandwiches every day. Haha, fuck you. I eat Big Macs and chocolates.
@tatomuck18 I'm a mechanical engineering student unlike you, and I got a wealthy family. I ride my dad's Ducati 1098. Thank goodness I don't suffer like you. Fuck you and your lower-class lifestyle. I bet you're trying to make ends meet to pay the bills and put food on the table? You're one of those ghetto poverty-stricken cunts who can't even acquire a stable job, let alone a university education. I feel sorry for you. My monthly petrol bill is equivalent to your annual income.
@tatomuck18 You stated that you FLIP BURGERS AT McDONALDS? Hahahahahaha! What a fucking pathetic loser. Fuck you and your minimum wages, you poor poverty cocksucker. I'm a mechanical engineering student unlike you, and I got a wealthy family. I ride my dad's Ducati 1098. Thank goodness I don't suffer like you. I'm rich bitch, I get pocket money every month, no need to work. I get paid dividends too. I can buy your entire house.
We all charge each other interests, but the system doesn't know the exponential volume of money required. So no matter how hard people work, the system has no money the interests (no matter how low) charged in the population. Some people have to resort to higher rate to obtain cash to pay for previous lower rate. Overall effect is that whoever have cash can charge higher and higher rates infinitely. Consumers must deal with in this built-in short fall and must be ripped off systematically.
@beancube2010 Fuck the people who want to end the Fed. Uncle Ben is printing more money to make me rich. If you want to stand up against the Fed, you will be regarded as a Terrorist, and you will be cordially deleted. If you're not happy with paper money, then burn it. Paper money = wealth. When more money goes into the system, they just produce more goods. Simple. I swear on my life: hyperinflation will never happen in America. You heard it here first. America is too big to fail.
@sorcerio Deep down inside, you love smelling of other people's bad breath, because you yourself have gingivitis. You cannot afford Listerine. Why not? Because you're a pathetic asinine zealot with no job, no money, no hopes and no girlfriend. You really need to get laid dude. If you don't admire Uncle Ben, then stop using his paper money he printed for you. You fucking dumb cocksucker. I got more money than you. There will never be hyperinflation. Mark my words. I speak he truth.
The problem his argument are words like 'normalize' and 'scale back'. Governments do not make money, they redistribute it. The burden of normalizing credit markets is on banks honoring credit, and the average consumer using credit to make purchases. Thus government does not have the ability to normalize credit markets.
When have you ever seen a widespread scale-back of government instituted monetary programs? The tendency of US policy is bureaucracy, I don't foresee these programs scaling back.
@Sparkygravity Ben Bernanke is not the Monopoly guy you see on your game-board, you fucking asinine troll. He's job is to ensure economic prosperity. The only reason you're alive today is because you used US Dollars to buy bread, fuck-nut. Until the day people die of starvation, then I will believe we have an "economic collapse". Until then, shut the fuck up and get back to work/study to earn Uncle Ben's Federal Reserve Notes (a.k.a US Dollars). If you hate the Fed, discard your paper. Idiot.
@corruptorCEREBRUM I'd really like to discard my paper money, in fact I do my best to keep my wealth out of currency, especially if it's like US T-bond backed currency. There is a reason that keeps me from discarding all my paper money, can you guess what it is?
Because you don't know, I'll go ahead and tell you....
Legal Tender Laws.
As a subject, (cough) I mean citizen of the United states I'm forced to accept paper money, and use paper money for all G&S under penalty of arrest.
@Sparkygravity It's not just us citizens, it's WORLD-WIDE. No country has an established gold-standard at present. So for as long as the Federal Reserve exists, you can use paper money until debt do us part. So why bother complaining or rebelling against the Fed? You'd be fighting a losing battle. You're just a fucking donkey (jackass) with Uncle Ben riding on your back with a carrot hooked onto a fishing-rod. YOU are the slave. Uncle Ben is your master. YouTube videos will not change it. Ever.
these guys at the fed are the real terrorists not bin ladin or al quada, these terrorists are robbing all of us blind and getting away with it, the FED is a private bank owned by the richest financial institutions with a licence to print paper, this is criminal according to the constitution.
How come no one is talking about all these western nations that owe the fed money? That took money from the fed at interest? No one going to talk about that?
Ya, my point was, America (which is really the fed) is not in trouble. The fed (which is really the european banking cartel) just secured its stronghold for the next couple of decades, at least.
@bweazel The funny part is that the motherfuckers who owe the Fed the money + interest are the same people who took the loan in the first place. Got paper money in your pocket? It means you're one of them. LOL. The mere fact you used paper money to buy food means you support the Federal Reserve. LOL. Fuck off. Paper money = wealth. Uncle Ben made my family wealthy by bailing out corporations in which my dad owns shares. I love the Fed because it's corrupted, it's awesome.
Your point? I'm not such a entitled little bitch that I think I actually deserve all the stuff we have, but we don't have to pay interest. I respect credit, cause I'm a poor ass, and it's helped me get some entertaining things I otherwise would have never been able to get.
Hahaha, glad to hear you made some money off of being well placed. Good for you. Do I support the Fed? Nahhh, don't really care either way anymore. It's obvious this is all a rat maze anyways.
@bweazel LOL. Oh cool. But you do in fact support the Fed. You support Federal Reserve Notes. How did you eat today? You used Federal Reserve Notes to buy food. What paid the petrol bill? Federal Reserve Notes. I can go on rambling and telling you why our lives are utterly dependent on the Federal Reserve. And if they say we need to pay Federal Income Tax, you can refuse and risk getting ass-faulted. But if you're poor, you can live off food-stamps and unemployment checks.
Correction. This country and all others have been forced to use their fiat currencies by their respective representative bodies for close to the last 300 years. So since I'm not being an idiot like the rest of you and wasting my hard earned credits on metals, I'm now a supporter of central banking? Sorry, nope. I'm not.
Yes, jack ass. I used FRNs to buy my power bar and my cigarettes. Jesus, you're right. I'm a traitor, how come I didn't see it before? I guess I should just starve, right?
You from the US? I'm curious, what do you use to buy things? You don't need to continue rambling. I already know everything you're saying. Preaching to the choir, friend. Although you do look like a hypocrite. So really, if you have found a way to live in this country, while not using the Fed, I'm all ears. Shoot. Tell me how you've freed yourself from the Fed. Or please, shut the fuck up.
@bweazel I never said I live without the Fed. I support the Fed. When you go to work, what do you earn? Gold? When you buy food, what do you use? Gold. When you put gas into your 50cc moped, what do you use? Gold? Something to think about. The only reason both of us are not starving is because we use fiat currency created by the Fed. So please answer me this: how do you plan on revolting an institution which exists based on a passed legislation (Federal Reserve Act)?
Ahhhh, so why bother accusing people of loving the fed then? Are you bipolar or something? I don't plan on revolting, I could give a shit. This country disgusts me and I plan to leave if it gets much worse. This country is getting real close to getting me to give up my citizenship. No real reason to be here anymore, unless of course if you want to hide behind the world's most powerful military. s
so to explain the below you take your chicken and sell it for a $ the bread is 20 cents ,you got 80 cents left simple ,if you just print electronic or literal money ,based on nothing producing nothing ,you do what to the value of your currency ? yes you got it not to difficult was it even a child could understand it ,but apparently not the greatest economic minds of our times ??
"this is what money is ? you get paid a chicken for a days work ok ? you don't need a chicken every day so you need to swap your chicken for a loaf of bread ,but a chicken has more value than a loaf of bread ,if you were to work for a day you would get 5 loafs of bread ,so you need a medium to break up the value of your chicken ,paper money allows us to do this ? Money has allows been based on something ? it has to have some corresponding value ,every other historical instance teaches what ????
@jbranstetter04 no it's not good enough, we use to be backed by gold up until 1971 i think it was. now theres not nearly enough gold to back us anyway, but if they just print print print , and our creditors stop investing in the dollar it's possible for it to dramatically lose value. We're pretty deep in debt idk what the exact# is but is in the trillions. there is a worst case scenario that could happen. Plus we have no industry everthing is dependant on foreign export. that works against
@TheBattlefield2142 You do know that gold only has real value as a component of a product, like in computers or in jewelry etc. Other than that it would work good for a fishing weight. Other than that why would a person want gold? I'll tell you why. You can use it for monetary exchange. But wait, we already have something for that, it is called money. Do you really think that people are going to just throw away their US dollars? America has real value, and the people of the world know it.
nothing to worry about everything is in safe responsible hands ,phew i now know not to worry ,the good ole fed ,they are just about to open there books as there is nothing to hide and allow US tax payers to examine the books .thank goodness this was posted .P.S i am in Greece and we are about to bring down the world ?
greenspan admits some of his policies were wrong. while ron paul, peter schiff, max keiser, and other economists predicted the dotcom crash and housing bubble, bernake did not anticipate either!!!
why don't americans band together and take back their money?! wtf are you idiots waiting for? you sit back and allow banks to rape you then when they fail, you bailout them. unbelievable.
The Fed. Reserve Act is illlegal! he works for the IMF, which goes to Rothschild Banks then to the VATICAN BANK. NWO=ROME + VATICAN! The Beast System!
He couldn't even recognize a housing bubble when it was obvious to anyone with an IQ greater than 90.
His actions will result in hyperinflation, but rest assured, when you go to the grocery store in coming years, he won't be there with his checkbook to help you out. Just be ready for $10 a box cereal and $49.95 a pound T-Bone steaks.
Hyperinflation? You guys are idiots. Anyone with an IQ greater than 90 would realize that credit (reserves) do not make inflation. Right now, they're using those reserves to play in the market. They're not loaning them to anyone outside of the banking oligarchy, so therefor, no trickle down to you.
If the word hyperinflation comes out of your mouth, in our modern economies, you might as well be wearing a sign that says: I have no fucking clue.
@sandman3131 Agreed, hell they dont even answer to congress. and the fed has been wrong before, and bernanke sounded just as calm, collected, and confident when he was wrong.
I know thy works, and tribulation, and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.
Why don't you grow up? The Judio-Chirsitan tradition is great tradition in America has made us a great country (note: I'm personally at atheist). I think Jewish people are great for our country and I think you should do some homework and learn something about their contributions to math, science, and economics. You'd change your mind, I promise.
You have absolutely NO idea what you are talking about.,..NONE.
Nobody has a problem with Torah reading Jews....but Kabbalistic Talmud preaching Zionists are JUST like Hitler only WORSE.
YOU are the one that needs to do your research.
Jews make up 2% of the population yet make up over 80% of the federal reserve board! They OWN Hollywood AND the Music industry....oh and they own the Media too.
ZIONISM is slavery....YOU are the bottom of the pyramid and their eye watches/controls you.
You sir are a lying sack of SHIT!!! I don't know if you ever got a single economic prediction right. When you collapse the economy, pray that angry mobs won't try to kill you!!!
Check out the video Ben Bernanke was wrong. It shows several speeches from 2005 on up. You can't believe a word that comes out of this guys mouth. It's time to grab the torches and pitchforks and hit DC. It's the only way we will ever get rid of the rats.
hehe... this is just what peter schiff has talked about.
Everytime they talk about how much they belive in something, like the dollar, the reason is always the same, its because they dont. and nobody talkes about how much faith they have in the euro, because they have. now it is how small the chance of hyperinflation is... because there is a (big) chance. Peter schiff also said that you can always expekt the straight opposit of what bernanke says.
A periodic audit of the activities of the Federal Reserve is probably a good idea, but we must be careful not of politicize the process of monetary policy making. The Fed must remain autonomous.
The Fed is not funded from our tax dollars. It is funded like all banks, from the deposits of its customers, member banks. But how many private corporations do you know that turn over their annual profits to the United States Treasury, like the Fed does?
lol. That's all we need to know! The chairman of the FED's assurances about the results of what the FED did. Or at least what he can recall from memory about their secret meetings! haha. now THAT's transparency! lol.
Please help support the Federal Reserve Transparency Act! (senate version S 604, house version hr 1207) Ignorance is not bliss, please be involved and show your support! Contact your legislators-do what you can!
@GoLuckyOops I really don't trust this guy at all. He has said untrue things before, such as "the united states will never monitize the debt, then last week, the fed announced they're going to begin monitizing our debt.
@TheBattlefield2142 Fuck off asinine cocksucker. Uncle Ben is the reason why I am rich. He is the reason you have paper money in your pocket. You say you hate him? Then why do you have paper money which he ordered to be printed? LOL, you're a fucking pathetic unemployed ape. The Federal Reserve is the government's bank. You better pay your federal income tax, or you will sleep inside a prison cell, where you belong.
Bernanke's actual responses are unacceptable. He is not required to answer congresses questions unless he decides to. An audit of the federal reserve (The Federal Reserve Transparency Act) would require the FED to disclose relevant information to congress. The FED should be audited like everyone (check against corruption, fraud, favoritism etc).Until an audit is required, only vague responses is what representatives who are supposedly in charge will get
Sure thing Ben, except that you were wrong in predicting the current economic debacle, wrong in predicting when it will be over, and work for the very organization that led to this crisis by lowering interest rates to ridiculously low levels and printing money like it was monopoly money. We should elect others to replace you...oh wait, we never elected you in the first place.
Most people in the UK don't even realise that 100% of their income tax (paid on job earnings) go straight to private banks and not towards the running of country as most people in the UK think.
It's good to see some agreeable comments on a video! :)
Bernanke said "I will continue using hokus pocus accounting tricks to move money around and make it seem like i've done something when I've done nothing at all. I saw a rainbow on the way to work today, in addition to a bunny rabbit and baby in a stroller, all making me sure we will soon be out of this economic crisis. Ho de do for the bro wit da fro."
This is all bogus. Everything he stated is not true and it makes the asumption that the Federal Government will stop spending money like a child in a candy store. We are in for a very bad ride here. Add on top of that, Bernanke was wrong on 2005 about the housing bubble, wrong in 2006 with the auto companies and he is wrong here! Fool me once, shame on you, Fool me twice, Shame on me!
Bernanke: this is the guy who told us to keep adjustable rate mortgages because the housing market was so great a couple years ago.
Now he tells us there will be no hyperinflation? Are the same people that just lost their homes going to be stupid enough to continue believing this criminal?
The Fed is a private company screwing the American people and robbing us blind. Its not part of the US government.
haha, thats exactly what i did. i laughed when i saw the title for this video, i mean it's because of the fed that we will always be in debt. i mean, the more money we get the more we are going owe. money=debt and debt=money. its like asking a crook how can i protect my money from you. the fed is the last group i would ask whats the answer to not inflating, its inevitable when you realy think about it.
Bernanke is now thinking. "Oh shit, they're on to us" and is printing trillions a day and hiding it for CIA black ops operations/programs, and other evil shit and giving it to foreigners and funding terrorists.
Trillons of dollars in bailouts! More then FIVE trillon printed to in just six months. What planet is this guy from? No inflation, ha ha ha. He is a jack in a half!
banks are choosing to keep money on deposit with Fed huh ? :) I thought you have said they were insolvent ? :) So Fed printed money that can not even enter our economy ? right ? So Fed is going to pay them interest at expense of American taxpayer on the money that are "dead " You mother lovers are geniuses LOL
Around 200.000 Billion dollars in the world. Only 800 billion backed by Gold that is 0.4 % of all dollars is worth something the rest is PAPER.
This crisis could create Free fall of value of the dollar, Paper is not the money
aviomaster 1 month ago
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LIES LIES LIES LIAR!!!!!!!
vidzane 7 months ago
He sounds like an emotionless robot
oscie1 7 months ago
douche bag
pfcwar5150 10 months ago
He is like ALL the leaders in the UK, ENGLAND, you understand. We are not stupid anymore, people are not blind.
YOU ARE BANKRUPT AND WE !!!!! Even the last Govertment, HM Treasuy said , theres no no money (UK) !!!!!!!! GET IT.
WAKE UP !!!!!! .............
kingwaldo100 10 months ago
this piece of shit is the face of evil.
MrAppleseed88 10 months ago 8
this guy is the biggest criminal in our country; I cannot believe that no one in the government see this, oh yea, their bank accounts are full
mahuiki 11 months ago 10
Nonsense! Why does he sound so scared? mabey because he knows what he's saying is all BS! The money he is reffering to is the american peoples, therefore he shoul be speaking "plain" english not rubbish. There is no monetary point that he should be making that an average taxpayer cannot understand!!!!!
petermohlman 11 months ago
Nonsense!
petermohlman 11 months ago
I hate this asshole so much!!! Bernanke and all his kind are worse than Hitler, Stalin Saddam and all the others combined.
pololopo23 11 months ago 3
Who liked this video? Line them up. Search youtube for "Ben Bernanke was wrong"
canaanav 1 year ago
so hes just reading of some paper making us hear what we want?3:30 you know all you elderly people are going to die more soon than the young right?or are you tryn to out live the young with money and power...its sick how people live for money...hopefully the world naturually kills everyone so these people can see what power they really do have and realize their pointless shit of 1 life time
skatinsince97 1 year ago
This is the same asshole who said that there was no housing bubble. Bernanke has NEVER BEEN RIGHT. Please, write and call your congressmen, and let's do all we can to make sure that this lying motherfucker is the LAST chairman of the Federal Reserve.
-jcr
NSResponder 1 year ago
bernanke is the world's number one terrorist. i wish you gods speed in destroying the dollar. only then will the majority see you for the criminal that you are. bernanke shame on you.
commodities prices at low levels? soy beans, gold, sliver, cotton, coffee, etc. this guy is clueless.
nogl0001 1 year ago
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Scumbag puppet of Rothschid whore. May he rot in hell.
TheTime4solutions 1 year ago
If it makes you feel better to say the people who control your life are scared shitless, cool, you go right for it. Actually, they're being a lot nicer than their predecessors, so you really should thank them for that, at the very least. Or would you rather them act like their predecessors, who sat on their thumbs last time the country saw a deflationary downturn. They actually contracted the money supply. This time they're holding it steady. Would you like another great depression? Hmmm?
bweazel 1 year ago
@407buddy Thanks for your reply buddy. I agree. Add me as a friend.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM You never answered my question. What do you use to buy goods here in America? Hmm? You get on Doug Stanhope's system of blow jobs and cheeseburgers or something?
bweazel 1 year ago
I am more inclined to trust Ben Bernanke, rather than believe people on a comment list from YouTube (of all places). Ben Bernanke said it himself, he said there's an economic recovery. I believe him because I'm more willing to trust an old-timer with a PhD degree in Economics and years of experience in what he does. When inflation goes up, he will just get rid of excess paper and increase interest rates. Simple. Get back to work and earn paper as usual.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM Your trust in uncle Ben proves your ignorance. BTW Lyndon LaRouche called this depression decades ago. He called 9-11 months before it came down, he called the fall of the USSR one year in advance and Greeny and Benny didn't even have a clue. LaRouche is 88, Benny is a baby boomer fool. And fools begat more fools.
charkee1 1 year ago
I think you misunderstood him. He's being satirical.
bweazel 1 year ago
@407buddy LOL. The same people who are complaining about the Federal Reserve are the people who still use Federal Reserve Notes (a.k.a Benjamins).
corruptorCEREBRUM 1 year ago
America will never have hyperinflation. I speak the truth. An iPod costs $229 and a Big Mac is $3. I bought 4 Big Macs, ate one an gave the rest to my dog. We can print more money and tell China to work for us. Prices in America will always remain the same no matter how much money gets flooded into the system. This is because the US Dollar is a world reserve currency, so everyone invests in US Dollars. Because the US Dollar is stable, prices for Big Macs remain constant. Fuck off sheep.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM What a clown, trusting in the capitan of the Titanic.
charkee1 1 year ago
@charkee1 Same shit was said about the Yen 20 years ago, and I'm still waiting for that currency to collapse. The US Dollar will never incur hyperinflation because it's a world reserve currency, no matter how much money is printed. There could be $100 trillion sitting idle in our bank reserves, but this money is just sitting there, waiting to be lent out to anyone who needs it.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM The Pound the the world currency in the 1920's, its collapse was the trigger of the Great depression.
charkee1 1 year ago
@corruptorCEREBRUM The Pound Sterling was the world currency in the 1920's, its collapse was the trigger of the Great depression. It is what and how much the money represents. If it represents good hard physical assests thats one thing, but the majority of the value the dollar represents is ficticious speculative debt, such as derivitives, To pay such debt as Benny is doing is a replay of Weimar Germany's Versailles debt agreement of the early part of the 1920's.
charkee1 1 year ago
@charkee1 You say I am trusting the captain of the Titanic, yet you're one of the passengers? LOL, it's a one-way trip you fucking idiot. You either bail yourself out of the system or you follow the system. If you really hate the Federal Reserve and you want to rebel, then fucking wipe your anus with Federal Reserve Notes. The mere fact that you also using paper money (toilet paper currency) is proof enough that you love the Fed and their unconstitutional operations. Fuck off. You got owned.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM Ignorance+high self esteem=arrogance. Typical gen Y, can't tell the difference between fact and fantacy. Nature has a way of humbling arrogant louts. You have nothing to back what you say=arrogance. . Every Gen Y I deal with is the same. No subtance and name calling. You clearly show sociopathic narcissism. There is no cure for your illness.
charkee1 1 year ago
@charkee1
Ummm.. buddy... I think youre the one showing the symptoms of a sociopath.
GnomesAmok 11 months ago
@GnomesAmok You should know better, your collection of videos indicates you should know better.
charkee1 11 months ago
@charkee1
What do you mean by that?
GnomesAmok 11 months ago
This would be a foolish comedy if it were not that I'm the only employed person on my block.
charkee1 1 year ago
@charkee1 Fuck off. Uncle Ben is making me some serious money because he bailed out corporations in which my dad owns shares. Fuck off. If you don't like paper money, then go hunt animals in the jungle. Fucking ungrateful idiot. Even Bill Gates doesn't complain about anything. People who are worried about the economy are those who get paid minimum wages. Federal income tax is there to help pay the debt, so fuck off. Don't want to pay your taxes? Haha, you will get arrested. Bitch. Go to jail.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM This is rather random. You will get your wish, you will have you fill of money, but you won't be able to buy much. It seems you don't like reality. You accuse me of ingratitude? BTW the debts are unpayable, outstanding derivitives are estimated to be one a quarter quadrillion. Are you any relation to Marie Antoinette?
charkee1 1 year ago
The old man on the Left at 2:14 looks like he is about to have a heart attack.
steburton 1 year ago
THEY ALSO SAID THAT THEY WOULD NEVER MONITIZE OUR DEB\T TOO.
TheBattlefield2142 1 year ago
@TheBattlefield2142 Fuck off. Those who complain about the economy are the ones who do not have money. Lmao. You would never find Bill Gates getting worried about hyperinflation, because hyperinflation will never happen. Fuck off and get a job, then at least you do not have the economy to blame for everything. Fuck you and also get a university degree. If you hate the Fed so much, then go burn your paper money. You wouldn't do it because paper money = wealth. Bill Gates has $56 billion papers.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM You are either mentally ill or a Satanist.
charkee1 1 year ago
@charkee1 LOL. You call a Satanist yet you barely even know me or what I do? Wow.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM The Satanist crowd are pushing this kind of agenda, nevertheless your writing indicates narcissism which is classified as a mental illness. Unless you are being totally satirical. Certainly the wall street bankers can be easily classified as narcissists and sociopaths.
charkee1 1 year ago
@charkee1 Mental illnesses do not exist. Loving yourself too much is no more different than loving others. It's all psychological. What next? I also love chocolates, so are you going to accuse me of obsessive-compulsive disorder too? Your very existence insinuates that Mother Nature suffers from schizophrenia. Anyways, just because wall street bankers love money more than themselves, doesn't mean they are sociopaths. They truly hate money, so they get rid of it by purchasing cars and estates...
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM I rest my case. You have shown your hand.
charkee1 1 year ago
I'd like to know how can the Fed withdraw the money that the banks got for their CMOs and CDOs since the market value of those is junk if the Fed tried to sell them. So there's no exit strategy.
delyshBB 1 year ago
@delyshBB Ben Bernanke is a good guy, because he gives a 0%-interest, because he loves me and wants me to be happy. Uncle Ben is the King. Uncle Ben gave bonuses to the companies in which my dad holds shares in, at the NYSE, because Uncle Ben loves me and wants me to be rich and prosper. Everyone makes mistakes, we're all human, Uncle Ben didn't mean to monetize the debt. Uncle Ben is just going through a lot of stress because it's hard printing money and being rich at the same time...
corruptorCEREBRUM 1 year ago
ben bananke is the papa smurf of banking hes a genious everyone thinks where heading into hyperinflation no way its mega deflation where we are heading bens doing his best in order to pull us out of this dive lol god bless us all
rolficus 1 year ago
@rolficus Get a fucking job instead of thinking about the economy. How many millionaires are living the good materialistic life? They don't need silver, they need Lamborghini Gallardos and expensive wine and 4 or 5 estates. Gold doesn't put food on the table. Paper money gets the good shit. Fuck off and go back to work, instead of trolling YouTube watching a video that lacks reliable sources. FUck you unemployed. If you hate Uncle Ben, then stop using the green papers he printed for you. Bitch.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM paper money would work if it was issued by the US government as is stated in the constitution.and not by a private banker's dictatorship.Then it is loaned only to physically productive enterprises and not to speculators. Your cerebrum appears quite corrupt as your handle implies.
charkee1 1 year ago
@charkee1 Paper is not the problem. It's the people in charge not enforcing the laws they created. I love how you all try to protect them though by blaming it on .... paper.. Hahaha. Right. Paper did it all! No no, people did it all.
bweazel 1 year ago
@bweazel Yes, this is a big problem. The gold bugs don't understand that a handful of gold traders will eventually accumulate enough gold to create shortages of credit or commodities and then reap windfall profits by screwing the public a la Enron. The National Bank and Greenback system were good systems as long as honesty prevailed. The Federal Reserve ended all that. We need to eliminate the Federal Reserve to save this nation, there is no other way.
charkee1 1 year ago
@charkee1 The US Constitution perspicuously states that the only legal tender is gold and silver. Here we got a Federal Reserve Act that legalizes and promotes the existence of the Fed. It's a law that was passed when half of Congress were with their families during Christmas. What's curious to note is that when the government borrows money from the Fed, they print beautiful pieces o paper called T-bonds (IOU paper). They go authority, so why not just print the money themselves?
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM The US Constitution also states congress has the right to issue credit. The Fed must be eliminated, it is unconstituional for the US government to pay private bankers for credit. That is exactly what the US Gov. should do is print money themselves. The early Puritans printed their own paper money and prospered will beyond that of their English counterparts. The printing was done because of the shortage of spicie was forcing poverty on the colonists.
charkee1 1 year ago
@charkee1 Shortage is always artificial. Under market conditions, there is scarcity, but there is never shortage. There is a scarcity of Monet paintings, but you wouldn't say there is a shortage.
causeimthesquid 1 year ago
@charkee1 So why doesn't the government print its own paper money and loan it to productive companies? Why do you even allow these private banks to print money and loan it out and violating the Constitution?
corruptorCEREBRUM 1 year ago
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Ben bernanke has been proven wrong about everything.
xMaXiMuSx 1 year ago
@407buddy Also, especially if one becomes unemployed or doesn't have a degree, being prepared for people going berzerk would be prudent. Imagine the desperation, frustration, disorientation from filling out hundreds if not thousands of employment applications, reforming one's life, and endlessly being told hang in there, to no avail. One might go completely bonkers.
fedtheend 1 year ago
@fedtheend hence why you should own a HK417.
delyshBB 1 year ago
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fedtheend 1 year ago
@delyshBB Because, the us economy is dependent upon crime, if everyone started obeying all the laws the economy would collapse, hence, my need to protect myself from the gangs the usa govt. encourages.
fedtheend 1 year ago
@407buddy Nothing wrong with being prepared. Because if a real war were to break out,highly unlikely, the state would be in a much better position if it's citizens are prepared. And also, limited dire situations will likely be needed to keep alive the fear which is needed for control. but mass starvation situation with real martial law is extremely unlikely.
fedtheend 1 year ago
@407buddy there won't be any hyperinflation or military going up against citizens. you need the majority to believe they can win if they work hard for that to happen. as it is now everyone with means can basically count on a lifetime of luxury without lifting a finger. to risk that with a real martial law situation would be foolish on their part. perception management is where it's at. If you believe there might be a martial law that is all is needed.
fedtheend 1 year ago
I completely agree with Bernake on this issue. Many people perceive they can't win, they feel it's a rigged game. Like a monopoly game with a young child megalomaniac who owns all the properties and cleverly decides to not build too many houses so you won't go bankrupt and he accumulates more and more. so folks give up hope and or go within themselves and get more introspective. Also, just look at Japan in recent decades.
fedtheend 1 year ago
@fedtheend My new Macbook Pro costed about $3000 at the iStore. My iPhone 4 costed $300. Things are cheap. In America, hyperinflation means:
"too much money chasing too much goods"
LOL. There's no inflation. America just has too much money, too much goods, too many ways to get stoned. I refuse to buy gold. It's not worth it. Paper money can be used to buy shit from China. Let them work for us, like the sushi they are. I got more money than you, I got wealthy parents. My Benjamins are blessed.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM I feel sorry for the poor little rich kid.
charkee1 1 year ago
@charkee1 Haha. Ok.
corruptorCEREBRUM 1 year ago
Famous last words.
charkee1 1 year ago
I think of my wage as packs of Newports. With the minimum wage at 7.25 and the price of a Newport in NY at 13 dollars, Im only getting like a 6th of what I used to get working at McDonalds. My wage went DOWN!! WAY DOWN!!!!!
In 1990 with the minimum wage at 4 dollars, I could get 4 Newports!
Today in 2010 with the minimum wage at 7 dollars it would take 8 HOURS of the SAME WORK to buy the SAME THING!!
FUCK THE GOVERNMENT!!!
My wage was 8 TIMES higher 20 years ago as a burger flipper!
tatomuck18 1 year ago
@tatomuck18 I look at it differently. I gave up newports and mayonaise, everything addictive including gmo foods. I am earning one third of what I earned in the nineties,however , with the internet, I can find deals at half the price, can arrange bulk purchases, and have much more discipline, and also move in with illegals to share apartment , and find great deals on labor and everything else and esentially living better.
fedtheend 1 year ago
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@fedtheend You should really try and read a book called "Suck My Motherfucking Dick". It states that there is no hyperinflation and all the sheep who hate Uncle Ben are obviously living on minimum wage. If you had a high-paying job, you wouldn't be concerned about the economy. This is why Bill Gates is so happy. He has kept his purchasing power. US DOllars have not inflated by even a decimal. Real inflation is 1.1%. That's pretty much a 0%. Fuck you and your middle-class habitat.
corruptorCEREBRUM 1 year ago
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@fedtheend Haha, another minimum wage cunt who is cutting back his discretionary spending. LOL. Fuck you lower-class cocksucker. Get a university degree, then you might get a stable professional career and not have to eat peanut-butter sandwiches. Lmao. Thank goodness I don't suffer like you. I bet you're trying to make ends meet to pay the bills and put food on the table? I feel sorry for you. My monthly petrol bill is equivalent to your annual income.
corruptorCEREBRUM 1 year ago
@tatomuck18 Hahahaha! Fuck you minimum wage cocksucker. LOL! Go flip burgers at McDonald's, cunt. Fucking retarded burger flipper. You are a typical example of a college dropout. Next time I buy me a Big Mac, I'll look at the cunt and say, "Yes I'd like fries with that, bitch!" Get a real job you poverty troll. I'm a mechanical engineering student unlike you and I got wealthy parents, I get pocket money, so I don't need to work. Fuck you and your minimum wages. Kill yourself, please.
corruptorCEREBRUM 1 year ago
@tatomuck18 Go fucking flip burgers at McDonald's you pathetic college dropout. LOL. I can't believe how truly wasted your life is: flipping burgers for minimum wage. Haha, I'm laughing my ribs sore right now. You're a typical example of a useless human who struggles to pay the bills. Damn, even beggars get paid more than you. I'm sure you eat peanut-butter sandwiches every day. Haha, fuck you. I eat Big Macs and chocolates.
corruptorCEREBRUM 1 year ago
@tatomuck18 I'm a mechanical engineering student unlike you, and I got a wealthy family. I ride my dad's Ducati 1098. Thank goodness I don't suffer like you. Fuck you and your lower-class lifestyle. I bet you're trying to make ends meet to pay the bills and put food on the table? You're one of those ghetto poverty-stricken cunts who can't even acquire a stable job, let alone a university education. I feel sorry for you. My monthly petrol bill is equivalent to your annual income.
corruptorCEREBRUM 1 year ago
@tatomuck18 You stated that you FLIP BURGERS AT McDONALDS? Hahahahahaha! What a fucking pathetic loser. Fuck you and your minimum wages, you poor poverty cocksucker. I'm a mechanical engineering student unlike you, and I got a wealthy family. I ride my dad's Ducati 1098. Thank goodness I don't suffer like you. I'm rich bitch, I get pocket money every month, no need to work. I get paid dividends too. I can buy your entire house.
corruptorCEREBRUM 1 year ago
We all charge each other interests, but the system doesn't know the exponential volume of money required. So no matter how hard people work, the system has no money the interests (no matter how low) charged in the population. Some people have to resort to higher rate to obtain cash to pay for previous lower rate. Overall effect is that whoever have cash can charge higher and higher rates infinitely. Consumers must deal with in this built-in short fall and must be ripped off systematically.
beancube2010 1 year ago
@beancube2010 Fuck the people who want to end the Fed. Uncle Ben is printing more money to make me rich. If you want to stand up against the Fed, you will be regarded as a Terrorist, and you will be cordially deleted. If you're not happy with paper money, then burn it. Paper money = wealth. When more money goes into the system, they just produce more goods. Simple. I swear on my life: hyperinflation will never happen in America. You heard it here first. America is too big to fail.
corruptorCEREBRUM 1 year ago
Aaron Russo warned us about this til he died, and nobody listened.
LarryHarveyMusic 1 year ago
I can smell his rancid halitosis through my headphones.
sorcerio 1 year ago
@sorcerio Deep down inside, you love smelling of other people's bad breath, because you yourself have gingivitis. You cannot afford Listerine. Why not? Because you're a pathetic asinine zealot with no job, no money, no hopes and no girlfriend. You really need to get laid dude. If you don't admire Uncle Ben, then stop using his paper money he printed for you. You fucking dumb cocksucker. I got more money than you. There will never be hyperinflation. Mark my words. I speak he truth.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM Haha. Thanks for the laugh dude.
sorcerio 1 year ago
@sorcerio LOL. You're welcome.
corruptorCEREBRUM 1 year ago
The problem his argument are words like 'normalize' and 'scale back'. Governments do not make money, they redistribute it. The burden of normalizing credit markets is on banks honoring credit, and the average consumer using credit to make purchases. Thus government does not have the ability to normalize credit markets.
When have you ever seen a widespread scale-back of government instituted monetary programs? The tendency of US policy is bureaucracy, I don't foresee these programs scaling back.
Sparkygravity 1 year ago
@Sparkygravity Ben Bernanke is not the Monopoly guy you see on your game-board, you fucking asinine troll. He's job is to ensure economic prosperity. The only reason you're alive today is because you used US Dollars to buy bread, fuck-nut. Until the day people die of starvation, then I will believe we have an "economic collapse". Until then, shut the fuck up and get back to work/study to earn Uncle Ben's Federal Reserve Notes (a.k.a US Dollars). If you hate the Fed, discard your paper. Idiot.
corruptorCEREBRUM 1 year ago
@corruptorCEREBRUM I'd really like to discard my paper money, in fact I do my best to keep my wealth out of currency, especially if it's like US T-bond backed currency. There is a reason that keeps me from discarding all my paper money, can you guess what it is?
Because you don't know, I'll go ahead and tell you....
Legal Tender Laws.
As a subject, (cough) I mean citizen of the United states I'm forced to accept paper money, and use paper money for all G&S under penalty of arrest.
Sparkygravity 1 year ago
@Sparkygravity It's not just us citizens, it's WORLD-WIDE. No country has an established gold-standard at present. So for as long as the Federal Reserve exists, you can use paper money until debt do us part. So why bother complaining or rebelling against the Fed? You'd be fighting a losing battle. You're just a fucking donkey (jackass) with Uncle Ben riding on your back with a carrot hooked onto a fishing-rod. YOU are the slave. Uncle Ben is your master. YouTube videos will not change it. Ever.
corruptorCEREBRUM 1 year ago
so when does he get arrested for fraud? did i miss the news?
VeritasTruthEmet 1 year ago
"federal funds rate?" Why not say "interest rates"? Sounds better?
metalpsalm 1 year ago
these guys at the fed are the real terrorists not bin ladin or al quada, these terrorists are robbing all of us blind and getting away with it, the FED is a private bank owned by the richest financial institutions with a licence to print paper, this is criminal according to the constitution.
beswick1111 1 year ago
How come no one is talking about all these western nations that owe the fed money? That took money from the fed at interest? No one going to talk about that?
bweazel 1 year ago
@bweazel well you see they are all sold out to the very institutions that are causing the problems
AlbertInSanAntonio 1 year ago
Ya, my point was, America (which is really the fed) is not in trouble. The fed (which is really the european banking cartel) just secured its stronghold for the next couple of decades, at least.
bweazel 1 year ago
@bweazel The funny part is that the motherfuckers who owe the Fed the money + interest are the same people who took the loan in the first place. Got paper money in your pocket? It means you're one of them. LOL. The mere fact you used paper money to buy food means you support the Federal Reserve. LOL. Fuck off. Paper money = wealth. Uncle Ben made my family wealthy by bailing out corporations in which my dad owns shares. I love the Fed because it's corrupted, it's awesome.
corruptorCEREBRUM 1 year ago
Your point? I'm not such a entitled little bitch that I think I actually deserve all the stuff we have, but we don't have to pay interest. I respect credit, cause I'm a poor ass, and it's helped me get some entertaining things I otherwise would have never been able to get.
Hahaha, glad to hear you made some money off of being well placed. Good for you. Do I support the Fed? Nahhh, don't really care either way anymore. It's obvious this is all a rat maze anyways.
bweazel 1 year ago
@bweazel LOL. Oh cool. But you do in fact support the Fed. You support Federal Reserve Notes. How did you eat today? You used Federal Reserve Notes to buy food. What paid the petrol bill? Federal Reserve Notes. I can go on rambling and telling you why our lives are utterly dependent on the Federal Reserve. And if they say we need to pay Federal Income Tax, you can refuse and risk getting ass-faulted. But if you're poor, you can live off food-stamps and unemployment checks.
corruptorCEREBRUM 1 year ago
Correction. This country and all others have been forced to use their fiat currencies by their respective representative bodies for close to the last 300 years. So since I'm not being an idiot like the rest of you and wasting my hard earned credits on metals, I'm now a supporter of central banking? Sorry, nope. I'm not.
Yes, jack ass. I used FRNs to buy my power bar and my cigarettes. Jesus, you're right. I'm a traitor, how come I didn't see it before? I guess I should just starve, right?
bweazel 1 year ago
You from the US? I'm curious, what do you use to buy things? You don't need to continue rambling. I already know everything you're saying. Preaching to the choir, friend. Although you do look like a hypocrite. So really, if you have found a way to live in this country, while not using the Fed, I'm all ears. Shoot. Tell me how you've freed yourself from the Fed. Or please, shut the fuck up.
bweazel 1 year ago
@bweazel I never said I live without the Fed. I support the Fed. When you go to work, what do you earn? Gold? When you buy food, what do you use? Gold. When you put gas into your 50cc moped, what do you use? Gold? Something to think about. The only reason both of us are not starving is because we use fiat currency created by the Fed. So please answer me this: how do you plan on revolting an institution which exists based on a passed legislation (Federal Reserve Act)?
corruptorCEREBRUM 1 year ago
Ahhhh, so why bother accusing people of loving the fed then? Are you bipolar or something? I don't plan on revolting, I could give a shit. This country disgusts me and I plan to leave if it gets much worse. This country is getting real close to getting me to give up my citizenship. No real reason to be here anymore, unless of course if you want to hide behind the world's most powerful military. s
bweazel 1 year ago
so to explain the below you take your chicken and sell it for a $ the bread is 20 cents ,you got 80 cents left simple ,if you just print electronic or literal money ,based on nothing producing nothing ,you do what to the value of your currency ? yes you got it not to difficult was it even a child could understand it ,but apparently not the greatest economic minds of our times ??
1929spectre 1 year ago
"this is what money is ? you get paid a chicken for a days work ok ? you don't need a chicken every day so you need to swap your chicken for a loaf of bread ,but a chicken has more value than a loaf of bread ,if you were to work for a day you would get 5 loafs of bread ,so you need a medium to break up the value of your chicken ,paper money allows us to do this ? Money has allows been based on something ? it has to have some corresponding value ,every other historical instance teaches what ????
1929spectre 1 year ago
"Money has allows been based on something ? it has to have some corresponding value ,every other historical instance teaches what ????"
It is based on and is "backed by the full faith and credit of the United States". Is that not good enough for you?
jbranstetter04 1 year ago
@jbranstetter04 who in there rite mind is going to invest in they American dollar when its value gos to below 40 or 30 percent
AlbertInSanAntonio 1 year ago
"backed by the full faith and credit of the United States"
but even the strongest faith wont help you if all the money in your pocket is worthlesst then
GunBoTT 1 year ago
@jbranstetter04 no
mcapps1 1 year ago
@mcapps1 Then what is good enough for you?
jbranstetter04 1 year ago
@jbranstetter04 not really. the biggest debtor nation can't really back a currency. lol
delyshBB 1 year ago
@jbranstetter04 no it's not good enough, we use to be backed by gold up until 1971 i think it was. now theres not nearly enough gold to back us anyway, but if they just print print print , and our creditors stop investing in the dollar it's possible for it to dramatically lose value. We're pretty deep in debt idk what the exact# is but is in the trillions. there is a worst case scenario that could happen. Plus we have no industry everthing is dependant on foreign export. that works against
TheBattlefield2142 1 year ago
@TheBattlefield2142 You do know that gold only has real value as a component of a product, like in computers or in jewelry etc. Other than that it would work good for a fishing weight. Other than that why would a person want gold? I'll tell you why. You can use it for monetary exchange. But wait, we already have something for that, it is called money. Do you really think that people are going to just throw away their US dollars? America has real value, and the people of the world know it.
jbranstetter04 1 year ago
@1929spectre it should be based on the gold standard we ended that standard in 1954
AlbertInSanAntonio 1 year ago
nothing to worry about everything is in safe responsible hands ,phew i now know not to worry ,the good ole fed ,they are just about to open there books as there is nothing to hide and allow US tax payers to examine the books .thank goodness this was posted .P.S i am in Greece and we are about to bring down the world ?
1929spectre 1 year ago
greenspan admits some of his policies were wrong. while ron paul, peter schiff, max keiser, and other economists predicted the dotcom crash and housing bubble, bernake did not anticipate either!!!
NATOvsENEMIES 1 year ago
why don't americans band together and take back their money?! wtf are you idiots waiting for? you sit back and allow banks to rape you then when they fail, you bailout them. unbelievable.
NATOvsENEMIES 1 year ago
Why are you trusting banks you DOUCHE BAG!
beebop46n2 1 year ago
The Fed. Reserve Act is illlegal! he works for the IMF, which goes to Rothschild Banks then to the VATICAN BANK. NWO=ROME + VATICAN! The Beast System!
mattandpatti222 2 years ago
noose, please
smithierevolution 2 years ago
Don't believe a word this guy says.
He couldn't even recognize a housing bubble when it was obvious to anyone with an IQ greater than 90.
His actions will result in hyperinflation, but rest assured, when you go to the grocery store in coming years, he won't be there with his checkbook to help you out. Just be ready for $10 a box cereal and $49.95 a pound T-Bone steaks.
007jas 2 years ago 3
Hyperinflation? You guys are idiots. Anyone with an IQ greater than 90 would realize that credit (reserves) do not make inflation. Right now, they're using those reserves to play in the market. They're not loaning them to anyone outside of the banking oligarchy, so therefor, no trickle down to you.
If the word hyperinflation comes out of your mouth, in our modern economies, you might as well be wearing a sign that says: I have no fucking clue.
bweazel 1 year ago
BEN BERNANKE IS A LYING PIECE OF SHIT.
The FED is completely unconstitutional.
END THE FED and End federal income tax debt slavery.
sandman3131 2 years ago 19
@sandman3131 This is the only thing on the video that makes any sense.
loveliberty1776 2 years ago
@sandman3131 Agreed, hell they dont even answer to congress. and the fed has been wrong before, and bernanke sounded just as calm, collected, and confident when he was wrong.
TheBattlefield2142 1 year ago
Revelation 2:9
I know thy works, and tribulation, and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.
randygray78 2 years ago 2
OH I'd LOVE to see Jesus sweep the Zionist Jews out of the Federal Reserve temple.....just like he did over 2000 years ago.
SAME PEOPLE.....SAME SHIT.
sandman3131 2 years ago
The Jews find it hard to chew on the bones of the stripped carcass that they have made out of the American nation...
lividmany 2 years ago
Why don't you grow up? The Judio-Chirsitan tradition is great tradition in America has made us a great country (note: I'm personally at atheist). I think Jewish people are great for our country and I think you should do some homework and learn something about their contributions to math, science, and economics. You'd change your mind, I promise.
ZDWmiamicane 2 years ago
Who CARES what the Jewish people have invented?
We're talking about ZIONIST Jews and debt slavery!
NAZIS invented some realy cool shit too! Wanna just forget all thier atrocities because they invented cool submarines??
NO.
sandman3131 2 years ago
You have absolutely NO idea what you are talking about.,..NONE.
Nobody has a problem with Torah reading Jews....but Kabbalistic Talmud preaching Zionists are JUST like Hitler only WORSE.
YOU are the one that needs to do your research.
Jews make up 2% of the population yet make up over 80% of the federal reserve board! They OWN Hollywood AND the Music industry....oh and they own the Media too.
ZIONISM is slavery....YOU are the bottom of the pyramid and their eye watches/controls you.
sandman3131 2 years ago
F*cking nazis
wanadoeda 2 years ago 2
They are printing pallets of money which dissappears but we have nothing to worry about? jajajaja!!!!!
iownbitcheshoe 2 years ago 8
this guys make me sick..
zang777788797998 2 years ago 21
This comment has received too many negative votes show
DEFLATION is the real concern.
RANGERSTRIDER1 2 years ago
Comment removed
abola2121 2 years ago
Translation: We're going to tax the hell out of you.
vinnievan14 2 years ago 8
NEVER trust a Jew.
Bernake= Jew
RayAir1 2 years ago 5
A covetous jew at that...
ComprimisedXInsanity 2 years ago 2
I heard Ben put 2 Ameros under his kid's pillow from the Tooth Fairy (Barney Frank)
buzzz121 2 years ago
You sir are a lying sack of SHIT!!! I don't know if you ever got a single economic prediction right. When you collapse the economy, pray that angry mobs won't try to kill you!!!
RRbattlefield 2 years ago 8
Can You Say CLUELESS??? This guy has been WRONG WRONG WRONG Each and EVERY step! This CROOK should be tried for high treason!
blackopsman 2 years ago 3
hahahahaha
jtom94 2 years ago
Check out the video Ben Bernanke was wrong. It shows several speeches from 2005 on up. You can't believe a word that comes out of this guys mouth. It's time to grab the torches and pitchforks and hit DC. It's the only way we will ever get rid of the rats.
merryxster 2 years ago 2
he looks like a bald golfer
proxy4718 2 years ago
Bernanke is a tool and a liar...
REDEMPTIONthreadz 2 years ago 7
hehe... this is just what peter schiff has talked about.
Everytime they talk about how much they belive in something, like the dollar, the reason is always the same, its because they dont. and nobody talkes about how much faith they have in the euro, because they have. now it is how small the chance of hyperinflation is... because there is a (big) chance. Peter schiff also said that you can always expekt the straight opposit of what bernanke says.
knuta83 2 years ago
A periodic audit of the activities of the Federal Reserve is probably a good idea, but we must be careful not of politicize the process of monetary policy making. The Fed must remain autonomous.
hoodoo961 2 years ago
So they can continue to profit from our taxes.
You do know that the "Bank" is for profit privately owned corporation, as are all central banks.
Autonomous?
How was it before the 1913 Fed Act.
The 1913 Act promised financial stability - an end to investor bubbles... bull shit. They are the bankers causing the bubbles.
wake up please!
davematherly 2 years ago
The Fed is not funded from our tax dollars. It is funded like all banks, from the deposits of its customers, member banks. But how many private corporations do you know that turn over their annual profits to the United States Treasury, like the Fed does?
hoodoo961 2 years ago
How many? According to the IRS tables for 2006 138,394,754
JonVonTruthSeeker 2 years ago
no everyone involved in the federal reserve scam needs to go to jail IMMEDIATELY
NWOfighters 2 years ago 3
"The fundamentals of the economy are sound."
- Ben Bernanke 2007
lol. That's all we need to know! The chairman of the FED's assurances about the results of what the FED did. Or at least what he can recall from memory about their secret meetings! haha. now THAT's transparency! lol.
Please help support the Federal Reserve Transparency Act! (senate version S 604, house version hr 1207) Ignorance is not bliss, please be involved and show your support! Contact your legislators-do what you can!
GoLuckyOops 2 years ago
"The fundamentals of the economy are sound."
- Ben Bernanke 2007
He was right. The housing bubble is not a fundamental part of our economy, it was brought on by people like him, and our worthless politicians.
jbranstetter04 2 years ago
@GoLuckyOops I really don't trust this guy at all. He has said untrue things before, such as "the united states will never monitize the debt, then last week, the fed announced they're going to begin monitizing our debt.
TheBattlefield2142 1 year ago
@TheBattlefield2142 Fuck off asinine cocksucker. Uncle Ben is the reason why I am rich. He is the reason you have paper money in your pocket. You say you hate him? Then why do you have paper money which he ordered to be printed? LOL, you're a fucking pathetic unemployed ape. The Federal Reserve is the government's bank. You better pay your federal income tax, or you will sleep inside a prison cell, where you belong.
corruptorCEREBRUM 1 year ago
Bernanke's actual responses are unacceptable. He is not required to answer congresses questions unless he decides to. An audit of the federal reserve (The Federal Reserve Transparency Act) would require the FED to disclose relevant information to congress. The FED should be audited like everyone (check against corruption, fraud, favoritism etc).Until an audit is required, only vague responses is what representatives who are supposedly in charge will get
GoLuckyOops 2 years ago
Sure thing Ben, except that you were wrong in predicting the current economic debacle, wrong in predicting when it will be over, and work for the very organization that led to this crisis by lowering interest rates to ridiculously low levels and printing money like it was monopoly money. We should elect others to replace you...oh wait, we never elected you in the first place.
Solidjiujitsu 2 years ago
Most people in the UK don't even realise that 100% of their income tax (paid on job earnings) go straight to private banks and not towards the running of country as most people in the UK think.
It's good to see some agreeable comments on a video! :)
Peace
CVPTV 2 years ago
Bernanke said "I will continue using hokus pocus accounting tricks to move money around and make it seem like i've done something when I've done nothing at all. I saw a rainbow on the way to work today, in addition to a bunny rabbit and baby in a stroller, all making me sure we will soon be out of this economic crisis. Ho de do for the bro wit da fro."
alanhowitzer 2 years ago
lol :)
CVPTV 2 years ago
i want to beat bernanke on the head with my bag of gold/silver bullion, show him what real money feels like
ForTehNguyen 2 years ago 7
Put this asshole down on the long list of traitors to arrest when the pendulum finally starts to swing the other way.
cashmny78 2 years ago
This is all bogus. Everything he stated is not true and it makes the asumption that the Federal Government will stop spending money like a child in a candy store. We are in for a very bad ride here. Add on top of that, Bernanke was wrong on 2005 about the housing bubble, wrong in 2006 with the auto companies and he is wrong here! Fool me once, shame on you, Fool me twice, Shame on me!
rsettin 2 years ago 2
Bernanke: this is the guy who told us to keep adjustable rate mortgages because the housing market was so great a couple years ago.
Now he tells us there will be no hyperinflation? Are the same people that just lost their homes going to be stupid enough to continue believing this criminal?
The Fed is a private company screwing the American people and robbing us blind. Its not part of the US government.
cashmny78 2 years ago
"The fundemantals of the economy are sound." - Ben Bernanke 2007
jerthemessiah 2 years ago 3
This bullet-headed little creep is a lying snake-in-the-grass.
OldBenFranklin 2 years ago 2
more dangerous than a standing army...
davidedwardclark 2 years ago 2
propaganda
Vote4Libertarians 2 years ago 3
BlaBlaBlaBla.....
HR5308 2 years ago
haha, thats exactly what i did. i laughed when i saw the title for this video, i mean it's because of the fed that we will always be in debt. i mean, the more money we get the more we are going owe. money=debt and debt=money. its like asking a crook how can i protect my money from you. the fed is the last group i would ask whats the answer to not inflating, its inevitable when you realy think about it.
shechshire 2 years ago 2
Bernanke is now thinking. "Oh shit, they're on to us" and is printing trillions a day and hiding it for CIA black ops operations/programs, and other evil shit and giving it to foreigners and funding terrorists.
thablackmarkit 2 years ago
Trillons of dollars in bailouts! More then FIVE trillon printed to in just six months. What planet is this guy from? No inflation, ha ha ha. He is a jack in a half!
vsaldanas 2 years ago
I meant criminal geniuses lol
AntiBullS 2 years ago
define " some time " my dear :)
banks are choosing to keep money on deposit with Fed huh ? :) I thought you have said they were insolvent ? :) So Fed printed money that can not even enter our economy ? right ? So Fed is going to pay them interest at expense of American taxpayer on the money that are "dead " You mother lovers are geniuses LOL
AntiBullS 2 years ago
somebody needs to hit that damn GONG! why isn't anyone hitting the GONG!!!
sovereignTexas 2 years ago 2