Ben S. Bernanke’s strong policies averted a second major depression. Should he vacate his post as Federal Reserve chairman next year, those policies will lea…
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The Federal Reserve After Ben Bernanke
Ben S. Bernanke’s strong policies averted a second major depression. Should he vacate his post as Federal Reserve chairman next year, those policies will lea…
observe further that our debt is still growing; even at low interest rates. If interest were to rise we will be screwed.
If you did not see the problem with his statements and this reporting, I would kindly suggest that you do some research on the basis of what he has said. The actions of the FED has increased the frequency of crisis; observe the nasdaq share price prior to 2000 if you require evidence and contrast it with post 2000s
Ahem, if I may be clear, ALL of it is wrong. 0:34 shows that Bernanke does not understand what he currently doing, he admits that his actions may cause unspecified side-effects. 0:43 shows that the reporter, scholars and especially the politicians that credit him with saving us all have failed to realize that he has only delayed the inevitable, and magnified the problems severely. Observe that our recovery has had lower participation, lower wages, greater parttime and fewer fulltime employees.
I've never seen "Upside Down", but it doesn't seem like a film I would enjoy watching. I also don't understand why you mention it here, because after briefly looking over it's page on the IMDB it's plot as I understand it doesn't appear to have anything to do with economics at all. It doesn't even seem to be a work of non fiction. I'm sure this conversation would be more productive if you stuck to the relevant facts, and ceased to recommend that I go watch any films.
I'm sorry that you were disappointed with my response, please don't refer to me as "son", though. If you have any further comments or questions then don't hesitate to message me privately. I don't appreciate your suggestion that I go anywhere however as I consider myself somewhat educated in this regard. I understand why global finance collapsed in 2007, as well as the role that the international trade of Collateralize Debt Obligations played in the market bubble that triggered that collapse.
i came here to give the tongue lashing you deserve.. but seeing everyone else was too satifying. go educate yourself and come back. oh and also. i said 2 things in my comment… good thing you focused on one of them. Upside down was a great movie because it was able to explain exactly how teh financial crisis took place. if you had bothered watching it son, you would know Ben Berneke's role in it. After he used CFOs to build his fortune. he decided to work for the gov. read a book
All fourteen Acting Executive officers have certainly had differences in their approaches to financial policy making and the way they interact with congress. The exceptions to this rule are the instances in which one president appointed two chairmen in a row such as during the Truman administration, or those in which two very similar presidents have appointed chairmen such as George H.W. and George W. Bush. The only thing all 14 have in common is liberality; They head a liberal institution.
Bernanke also never said that "gold and silver are not money". He can be paraphrased in various circumstances as asserting that returning to a policy of pinning the value of the dollar to a mineral standard would not be a working solution to the growth and finance problems which global capital is currently experiencing.
On top of not being am informative documentary film, it's not very entertaining either. It fails on all fronts of an effective non fictional piece, and could have been more efficiently produced as a 1 or two minute video. A single sentence captures the entire message of that film: most fiscal conservatives disagreed with the foundation of the central banking system around the turn of the century.
The point of providing a timestamp would be to pinpoint exactly where the reporter went wrong in the outline of the piece. With the useless timestamps you provided, you've simply reiterated what truss508 has already asserted.
No, thank you. I don't much care for that film. It's not very deep or insightful.
The reporter says that "scholars and policy thinkers, from both sides of the aisle" accredit his policies with helping avert a second depression. In this way she is simply stating fact. Whether or not any one audience member agrees with those economics experts is beside the point.
What does the Fed Chairman do besides inflate the money supply and dilute the currency? This man told Ron Paul during a hearing that gold and silver are not money. Mr. Too-big-to-fail himself is a corporate whore and a puppet of bloated govt spending and robbing the middle class of their savings through manipulate the value of the currency by inflation. The next Chairman will do more of the same, as they all have.
I’ll get back to you later on more examples and my reasoning if you want, but I’ll be busy for the next couple of days
I could provide a timestamp in reference to my assertion, but I worry that a timestamp will not be intriniscally sufficient in expressing why I find this clip to be bullshit. There is 0:43-0:52 in that saying Ben Bernanke helped avoid a depression is very misleading (if anything, his actions have made things significantly worse for the economy just on the basis on the constant money printing which has been used to fund wars, bailing out banks, etc…)
0:00- 3:59
watch "inside job". its a documentary about the financial crisis. and if not, look up what Ben Berneke did before working in the Federal Reserve. your welcome
Could you provide a timestamp in reference to your assertion?
Bullshit* (cough… cough…)