US economic system explained

The biggest scam of them all...

Category:

News & Politics

Tags:

• money
• monatary
• system
• power
• scam
• bailout
• crisis
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• explain
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• work

[InF0T3RR0RI5T]

hell yeah we the people should start our own cabel news channel.

[InF0T3RR0RI5T]

What do you think?

[xzenicax]

AMERICA IS FUCKING WORSE THEN NAZI's... Yugoslavia has in 80's 13 bilions $ credit after america SPLIT us to 6 country's THEY : -buy our hotels at sea (germany,austria) -buy our biggest industrial company's and also SPLIT US TO 6 PARTS -6 country's -and our overall credit is now amazing = 184 Bilions of $ FUCKING ZIONIST PEACE OF SHIT ! FUCK AMERICA FUCK ISRAEL FUCK GERMANY FUCK EUROPE UNION FUCK NATO terrorist and they do it same in lybia

[henson111]

This is why we should all just have a plot of land, grow your own food, make your own house, survive on your own. Those not willing, die and get out of the way, those who work hard, survive and all our problems are solved!.....well mine are.

[samann95014]

great video & info. but this is the foundation of capitalism which motivates people to produce & consume. isn't there a value created by this mechanism? in theory, we can start our own bank & borrow from feds to lend to entrepreneurs, consumers for mortgage or buying goods (like car) or services (like home improvements). right? banks do create value - 'motivate people to work hard & consume hard'.

[BourneAccident]

@ThegoodEconomist - Here are "Five Fun Filled Fed Facts"

1. The Fed meetings are a joke. They probably "rent to room to laugh" after each one.

2. The President appoints a chairperson, but how much power do the appointees have? zero.zero

3. The Fed is not isolated. They are the very epicenter of the country's economic problems.

4. The Fed's "enormously complex" work is "simply corrupt"... by the very nature of it's existence.

5. The Fed is neither federal and has doubtful reserves.

[ThegoodEconomist]

@BourneAccident The federal reserve does not have to respond to demands from congress but is required to justify its actions to them. Also, the president can appoint a chairperson. So it is very independent. But not completely isolated. Now, as far as the amount of power they have, they are much more powerful than congress in influencing the economy, however, the work that they do is enormously complex. Are they corrupt? That I do not know

[BourneAccident]

@ThegoodEconomist - With all due respect, you're wrong.. Hang on to your hat...Don't get emotional...the Fed is NOT accountable to the US Government. The Fed is a private bank...with private shareholders.. and THE FED WILL NEVER BE AUDITED. they are the center of corruption and not accountable. AND.. guess what? There are no private banks! All the banks are really in a closed banking loop. controlled by .. well.. I hope you guess it.. The Fed.. hmmm do you smell the coffee yet?

[ThegoodEconomist]

@ShidoMusic China's growth has primarily been from more dependence on the markets. When China allowed global companies to trade 300,000,000 Chinese were taken out of poverty. 2nd you are correlating a higher poverty rate with markets, you must be careful. There is just as much reason to suppose bad policy is responsible for that. Also we just got done with the largest recession since the great depression, yes more people will be in poverty, but you cannot assume it will remain after recovery

[ShidoMusic]

@ThegoodEconomist forget about the richest nation in the world, China is going to be it in a couple of months, look things got to change some time, and that system is to blame for a higher rate of poverty, the use of oil gotta change too, and the U.S. love oil but when something only benefit a few, means that the system doesn't work, they only give the impression they do. i wouldn't be too proud of being the richest nation in the world if u go back and check how u got to be.

[ThegoodEconomist]

@ShidoMusic When considering an economic system you must remember that ultimately you are facing constraints that must be addressed. You seem eager to find a new system, which is fair enough, but let me ask you this question. If under our "present system" of mixed Capitalism with more weight on markets. We have become the richest nation in the world continuing to push back those economic constraints I mentioned before. What is the price and the risk of changing the system?

[ShidoMusic]

@ThegoodEconomist we agree that if they dont so this the system will collapse, but the thing is that this is the only system we know and we are too deep in the hole to try something difference. But the shit will hit the fan eventually either way, we should be thinking other ways of economies wich is what we expect from you economist, dont wait till all is lost.