US Economic Crisis

I've received hundreds of requests to explain Quantitative Easing and the US Economic Crisis.

I specifically will show you how:

Banks robbed the US during the Quantitative Easing Process
Federal Reserve spent $2.74 Trillion and got nothing in return
The bottom 90% of Americans have had their wealth stolen
US allowed Income Inequality to go so wrong
Banks are gambling in unregulated markets now
This recession compares to the depression
We can fix things

Sources are available here: http://goo.gl/gya7G

Category:

Education

Tags:

• US Economic Crisis
• Quantitative Easing
• Income Inequality
• The 1%
• Elite
• High Frequency Trading

[MarkyMarkDenver]

I think that Simpson and Bowles is the best plan so far...

[derekbanas]

@MarkyMarkDenver There are so many problems. The current cost per student, per year is $10,591. 47% of city students don't graduate. 29% of suburb students don't graduate. Only 1/3rd of students are proficient in math and english. The government only thinks in the short term. QE did one thing. It artificially inflated the stock market while causing savers to lose $2 Trillion. It also has driven up the price of commodities and food. I could go on...

[MarkyMarkDenver]

@derekbanas Ya, there are a lot of problems. I think moving to more free market solutions for schools is the only option and expiriment left. The said thing is, how much we spend on education and what product we get in return comapred to other countires in the world...

[derekbanas]

@MarkyMarkDenver When people see my stats they normally assume I'm against capitalism. I love capitalism, but I hate what many refer to as crony capitalism. I believe increasingly those who succeed do so because they are able to buy influence in government. One solution is to eliminate self funded, corporate, union, PAC, etc. contributions. Another is to limit the size of the purse the government has. The problem is that nobody in government wants to eliminate contributions

[ChefEarthenware]

At around 09:30 you jump from statistics about wealth distribution straight to why citizens didn't notice that they were being robbed. They certainly have been (and are being) robbed but this has nothing to do with wealth distribution - your implication is that someone is dishonest just because they are rich. Was this a deliberate political position on your part?

[derekbanas]

@ChefEarthenware I don't know enough rich people to make that judgement. I met many millionaires when I was a broker, but I wouldn't say I even knew them personally. So, I didn't mean to relay that belief. The fact is that I don't really care about money. I make enough to live and support myself in the future. I've never understood why people feel the need to acquire so much stuff? I don't fault them for it, but I've never understood the need to constantly buy

[TacticalCitySlicker]

@derekbanas The curtain of the greatest heist known to man all legal and un-prosecutable. And the majority of Americans are concerned about who hired an illegal gardener or said something inappropriate to two ladies a couple years ago. Instead of financial future of this nation... it's pretty sad.

[TacticalCitySlicker]

You present this like the Fed has been hoodwinked by the banks and that it is a public institution. While in fact it's private and is owned by the banks that it gave money to on the backs of yours truly the tax payer...

[MarkyMarkDenver]

@MessengerFromEagle Ya this has a lot to due with how they cheat with there currency. But i Guess the we(USA) does too. But China is really bad. At least we don't price fix our dollar.

[kerimil]

@MessengerFromEagle

well that's your capitalism isn't it..? now you're getting your ass## f#cked mercisely by it... Of course an inteligent person would notice that right away but instead you blame china for your crisis while in fact your capitalism and consumptionism is to blame

(no one forces you to buy stuff from china that's 3 times cheaper than products from the USA)

[iandaous]

Great video, I watched the entire thing. Ron Paul 2012! You know you'd vote for that republican :)

[realitiesupremebeing]

3 years of evil manipulations by all of your evil america & it's evil citizens , there are christians are the biggest hypocrities & definetly murders of children, babies, pregnent women, proof of which I have in panama,iraq,afganistan,vietnam­­, all with your blood stained tax dollars thaose that say they believe in christ are evil,they violate matthew 18-6 in their own bible I say jihad is what you all deserve the arabs deserve it to if all the world has real guts then listen to all my videos

[LMIMSsoi]

THE FED is the BANK's

This video is a

FAIL...

[MessengerFromEagle]

@Easyandy100

P.S. You blame the banks in vain. The unsecured loans is the only way to prolong the agony in this situation.