This guy has the economic troubles nailed!

Guy has the problems (and solutions) figured out... I can see why he won a nobel prize. Please see http:www.greenroomstocks.com for more great financial videos!

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[Questfortruth86]

The politicians aren't able to delay this depression any longer. The correction will take place, the piper must be paid. Unfortunately, they don't know this, and will inevitably collapse the dollar. Hopefully there are enough people around after wards who can rebuild the economy and implement an actual capitalist system; one without a central bank, and with 100% gold reserves.

[edwardmiseta]

pathetic.

[mastercloud977]

broken window fallacy. Enough said

[Shrunkenhead61]

What grade for bernake? Everyone says "awwwkward". That right there made it awkward. Christ, Bernake must have them by the balls.

[favorunmerited]

@Questfortruth86 Gold reserves won't do it, debt free money will.

Watch the award winning documentary The Secret of Oz, on bstill3's channel. It explains how we got where we are, how we could have it fixed in weeks (it won't happen, honest politicians required for it to work) and how Iceland and Guernsey have succeeded in getting debt free, robust currencies.

[KarenMalone]

Kudos to Stiglitz on this disquisition. He's a giant surrounded by gnats when it comes to American TV appearances. Why oh why do TV stations think they're achieving any viewer stimulation by having a steadicam do a near-circular sweep around five talking heads? Are their expectations of the average American attention span so dismally low? Why does it take a panel of 4 to interview one person? And why does the distracting strapline spell the word 'resuscitate' 'resusitate'? Sigh ... one despairs.

[BajanErika]

Smart guy but does he not look and sound like Bill Maher?

[rainzoro]

@FCMillwall81 i serously hopeyou understood what im saying by now.

let me crack it down for you to understand

you - everything is government fault

me - no it's government + private market fault, thus, it's not the debate of public vs private, but a debate of the problem of the financial system as A WHOLE

[rainzoro]

@FCMillwall81 This is the thing. i never said gov didnt create any problem. i said it's useless to debate whether it's the government or the private market whos making troubles when both of em are clearly invovled. Right now you're saying IT'S THE GOVERNMENT FAULT. I'm saying yea ur right but also the private market. So STOP DEBATING ABOUT PRIVATE VS PUBLIC. IT'S USELESS

[FCMillwall81]

@rainzoro To keep it short and sweet the west is in the shit. The government deficit went up over a hundred percent under bush borrowed money from middle eastern and asian money, please dont tell me this isnt a government created recession. etc etc

[rainzoro]

@FCMillwall81 so CEO's can't make any impact on our economy? What did Bear Stearns do last time? 1:40 ratio with manipulating the mortagage securities was just about enough to put the entire financial system into an abyss. Don't even start man. If "regulation" is a definition for only fiscal and monetary policy, then by all means read some book.

[FCMillwall81]

@rainzoro what a weak analogy CEO's cant print money CEO's dont deregulate the credit systems so people can borrow more money than they can ever afford to be paid back, backed by fantasy equity that they thought they had in their homes. Its completely different