How The Fed Is Trying To Prevent A Financial Crisis
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- Опубликовано: 25 июн 2024
- The Fed is pulling out all the stops to keep liquidly flowing through the U.S. financial system, and now, through Main Street business as well. Here’s a look at all the measures the Fed’s put in place since the pandemic hit the United States, and what kind of monetary policy tools it has left in its arsenal.
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How The Fed Is Trying To Prevent A Financial Crisis
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Apparently the Fed has more programs than Netflix...
They have more pyramid schemes going on than the ancient Egyptians ever had on hand.
😂😂😂😂
And a lot of them are terrible
Wealth Keynotes did someone say Federer? Lol
LOL we'll be here all available to download. Wait are you in our circle?
The US "economy" was not doing good before the COVID-19 crisis, credit cards were breaking record level highs, most of the jobs after the 08-09 recession were part time and temporary, low paying jobs. The Repo market was already fluctuating, and this video doesn't talk about the oil market crashing fairly recently.
The economy was being propped up by massive debt... as if that’s new.
Credit card breaking records is one of the indicators for another crisis.
Don't forget corporate debt sits at $13T and personal debt sits at $7T...
The economy had underlying condition prior to covid-19 and is now on life support (ventilator).. I hope she survive- there's a high death rate once you get on that ventilator 🤞
Or the pension. The student loans. Auto default. Equity bubble. Tech bubble. Housing bubble. There is more. But hey, duct tape can fix it.
exactly, and when the fed even thought about raising interest rates in 2018 the market wet the bed instantly and the fed was forced to reverse course.
FED is orchestrating the biggest wealth transfer in the history of humanity.
Oh snap and when haven't they? (:
Mansa Musa has entered the chat
Yes.... From rich to poor
Mehmed Maloparic ruclips.net/video/OxKjI_vxvFs/видео.html
@@dyana06sil The Fed isnt spending tax dollars. Basic economics concept of fiscal vs monetary policy. Fed exclusively operates through monetary policy (control inflation vs GDP growth by controlling money supply). Government operates through fiscal policy, which would include allocating and spending tax revenue.
No. The Fed interference makes things worse.
Rich people get free money....but the entire nation suffers.
Actually, the more in debt trouble you were before the corona-crisis, the better positioned you are now. The Fed is buying everybody's debts (including the US national debt), so the biggest winners are those who were on the verge of bankruptcy 2 months ago.
Lesson of this episode: In a debt-driven economy, make sure you borrow the sh!t out of your life, because the Fed is there to protect your US citizens' a$$ forever and beyond infinity.
@@nachannachle2706 The dept we all owe is the same.
Fool get lost
Yeah, people need to watch zeitgeist addendum
Exactly, Quantitative Easing is nothing but the fed cleaning up the preposterous financial mess created by Investment Banks through common taxpayers money. The gigantic private financial institutions are deliberately contrived as too big to fail so as to benefit the elite share holders through speculative trading
It's like giving more drugs to an addict. Eventually the addict will die.
That addict is our global society
or the addict gets clean
@Green Mills Well, as a ho' America's been very profitable. But even old profitable ho's gots ta go when its time.
More like giving food to a man that hasn't eaten all day.
Fed like: "I am never going to financially recover from this"
😂😂
Money printer goes brrrrrrr
Cant go bust when you print the worlds reserve currency
Last time the FED did it. It had a profit...
Until it's no longer the world's reserve currency.
Let it collapse so we can have a real recovery.
You let it collapse, the entire nation collapses. It'll be total anarchy.
@@michaelxu2304 anarchy cannot exist. neither can a utopia. those are two extremes on the same spectrum of law and order. it's just not possible to stay on any one end of the spectrum. there would, however be widespread uncertainty and insecurity.
Let it collapse and let it reach 30% unemployment
Michael Xu good
Lesson? Don't up to your eyeballs in debt. Grandma lived great at the expense of you.
Feds: don’t worry guys we got this
Everyone: how?
Feds: haha money printer go brrrrrrrrrr
biscuit ,Oh no we’re going to do another tax break for the rich but we’re gonna call it a tax break for every day Americans! But you won’t find out until you’re 2021 taxes come do by that time I’ll already be in the White House unless the Democrats actually win which more than likely they will.
Yup no monetary system has ever succeeded, ever.
They aren't printing money doofus
Keiser Report!
@@discodirk48 Kaiser sozè
American Free Markets: Free to go up, Not Free to go down..
exactly.
lol definitely not free to go up its all computer trading which cost a lot of money to prop up these trades on a daily basis two days in a row SPY dies out at 10 am calls are CHEAP and by EOD calls are at 200% premium
Money spent on Iraqi war. Would come in handy right now.
well the money is here but just in a few hands...
Second stimulus check
@@Quamina1 You wouldn't have money or a job if there was no spending on irrelevant things. Irrelevant thing producers rely on irrelevant thing purchasers for their irrelevant business to thrive and thus creating relevant jobs in an irrelevant industry. It's a vicious and very relevant circle and apples are irrelevant to the topic at hand.
@@Quamina1 People hording large sums of money is bad for the economy.
Money spent on WELFARE would come in handy ALL OF THE TIME!!!!
How about just moving the decimal 1 position over to 2.5 trillion ? No one will notice.
Only rich people are allowed bailouts that big
They can't do this with bitcoin.
Iaman Empoweredone , oh you just need to move it over one more point so that the American people believe that we are not almost 40 Trillion in debt to another country or countries
The only thing they are doing is kicking the can down the road to our children
The Federal reserve needs to bail out social security, medicare, and medicaid instead
cutehumor Baby boomers are retiring rapidly. Those pensions are cashing out and will sink the market. Soon those programs won’t exist
at this rate it will pass your children, grandchildren then arriving at your great grand children
The fed will never pay back. They have almost infinite power
I dont have children gimme my money now!
Why they keep telling "it's a war time situation"? Corporations simply did excessive stock buy backs. Give me a break 🧙♂️
Well lots of Americans will not see a nickel of bailout money and those corporations will still layoff people the airlines already did and lots of money going to China bc if USA companies but the factory or in China so companies like 3m for masks are made in China
Its a war against the people...
A. Sanaie , oh I wonder if these people who got all these bonuses are willing to give it to the small people who they need their money from on the backs of their slave labor!Oh no they won’t of course not they won’t even buy them a bag of groceries were I feel sorry for them if they get the coronavirus and die they want to protect those families! They were just say oh so sorry for you have a nice life time do you have any other children would like to come work for us
@@executiveorder7146 3M has a mask factory in South Dakota.
They are going to raise our taxes when this is all over...
ruclips.net/video/qul2AVsLUCU/видео.html
Your kids too
Good, they are far too low at the upper brackets.
If we had a more robust government, preferably not run by a party of uneducated hicks, we could have avoided all of this. South Korea never needed to shut down.
No they don't need to do that they'll just devalue our purchasing power and raise interest.
@@jorelj7748 How about we do a flat rate so it's fair to everyone?
"Capitalism without failure is like religion without hell."
-Charlie Munger
Powerful very few will understand what this means and the religion example is spot on.
Hi may i ask who will fail and what does it mean? Thanks
@@chrislg4519 It means it's a massive moral hazard for the government to catch certain businesses if they fall at the expense of Main Street. Every dollar they print devalues the dollars in our pockets. If they could fail, the current shareholders would be out of luck for owning mismanaged businesses. New owners, likely the debt holders, would come in during bankruptcy proceedings and replace management etc. It's not as if airlines would go away. Failure is a natural and key component of capitalism.
Central banks are the fifth plank of communism.
@@Monopolist91 These businesses are failing because the Government ordered a shutdown. It's not the fault of the airlines that people aren't flying. The Government is correct in aiding these businesses to survive.
How can you continually talk about the FED buying things in a video clearly aimed at people who don't understand how the system works while not once mentioning that the FED balance sheet draws from an account with 0$ in it?
Ross Otto Or Woodstock. Reagan. Subprime. Take your pick.
😂😂😂
@Ross Otto whats wrong with you?
@Ross Otto spoken like a worthless, useless, individual.
dont you know cnbc is the propaganda party for wallstreet?
Remember last year how everyone was talking about the inverted yield curve and how its a predictor of recessions. lol
Federal Reserve won't allow a recession to go on. There is no risk in the stock market anymore!
"How the Fed is causing a financial crisis" The real title
Tell him what he won, Bob!
the dom com boom and bust the took rates down
No, we just need to bail out everyone until forever.
@@Reathety 9 trillion missing in 2008
Wow. Unless you say United States, this could as well be Venezuela
Every year this country gets less and less white and closer and closer to the pit of economic despair.
@Abe E federal reserve has been here bud, it aint "republicans"
Botswana is better managed than America.
Now everyone will see that money is printed and not a target to work for !! Millions of people have to work hard to earn money while others just “click” print 💵💵💵🍾🍸
Have you heard that money printer go 'BRRRRRRRRRR'
La Casa de Papel
It’s not printed, also there’s only about 6-7% of the money supply in circulations meaning the rest is just 0s on a computer
So we're going to ignore the fact that the worst financial crises happened after the Fed was established?
Of course.....
This is a way to do without "cash" and go to digital currency for simplicity. Mark of the beast is coming soon
You can only continue to print more money to keep the stock market afloat for so long.
Yaa..obviously
ruclips.net/video/qul2AVsLUCU/видео.html
We're actually not printing money we're just borrowing it
Money printer goes brrrrr
The ting goes skrrrahh, pap, pap, ka-ka-ka
Skibiki-pap-pap, and a pu-pu-pudrrrr-boom
Skya, du-du-ku-ku-dun-dun
Poom, poom
Jerome Powell: We need a second printer. We'll print more money to pay for it.
sato88888888 Just print One trillion dollar bill and everything will be fine
You guys did a great job with illustrating the gravity-interest rates metaphor
Trump pump then Trump dump.
No, it's idiotic.
And a great job avoiding that it is confidence that is contingent upon every theory and active marketplace. It's leaving out human behavior, the most important factor of all.
Interest rates are like gravity because they keep stock prices down to earth.
Lol.... Unemployment in India is 28% and Indian stock market is skyrocketing
Tech Slacker America is different!
That’s because of inflation. Only one direction to go.
Let’s all copy Venezuela.
Thank you for making me money India! I will keep buying your stocks - USA investor
Fed: Calm down, everyone, don't worry about the economy! Just Borrow more money, spend it, and everything will be ok!!!
0% Financing for 84 months on a Brand new SUV you always wanted! No Payment until August!
Proceed to fire up the printer______ Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
The Fed is taking care of the investment class, as the citizens live in poverty. Capitalism is a risk, why is the government now guaranteeing risk. When there is no risk, then you make no profits, you lose your investment.
The scariest part about all this Fed arsenal is that none of its weapons seems to be effective. It's all kinda like throwing buckets of water on a bushfire ravaging the Amazon rainforest. >___
Nachannachle , oh yes and look what happened to the Amazon forest when it was on fire! It was neglected for weeks! Look at how much is left of the Amazon forest that has not been harvested by American people
FED is a private company why we putting faith in a private institution.
So the punchline is the FED (a private institution) will just print more money out of thin air😅😅😅
All of those years at Harvard, etc. is paying off!
It's time for the bubble to pop folks...
S&P still rallying
the virus is the scapegoat, the FED started QE in late 2019 (before the virus)
Well the 2 trillion dollars of gdp loss so far didn't exactly help our tenuous situation.
Exactly..the Repo market was declining back in 2019. Then oil prices started dropping in Early January . A lot of bank capital was tied up in LONG oil derivatives and prices started to drop. It was 2009 (high leveraging) all over again.... this time it was oil and not mortgages. The Global financial regulators did nothing to keep this from happening again. Wall Street (Private Money Speculators) rules the world! The spent all these years, post 2009, talking about modified liquidity/solvency test for banks & insuring banks having adequate capital...but they still are getting bailed out indirectly. What did Dodd Frank really do to protect the financial system?
started in 2016
Anyone else wonder why all these videos sound like they’re being narrated by kids
With valley girl accents. She sounds like a drunk teenager.
I’m glad a 24 year old can narrate this 🤣
not sure why white girl voice is so popular
I had my fourth graders do a project on economics. This video is the result.
Naive girl won’t ask questions. She will just read the script and be happy she’s on national television.
i just got into forex trading and i just made my first profit. I wish i knew about this earlier.
Investing in forex is one of the best investments anyone can make currently.
@@angelinacoleman7471 How does this whole forex thing work? i'm interested in it and willling to invest but i'll need some professional guide and assistance.
mr liam? can he be of any help?
@@malcolm6346 it's been 4 months since i started working with Mr liam and it's been a very thrilling and wonderful experience.
@@user-tj8jp6kq3m I have been seeing too many recommendations and testimonies of Mr Liam.
How about the Fed declaring chapter 7 and just start over again..., like everyone else...
Uhhh. I'm not sure you understand what the Fed is. The Fed can literally create money at will.
The fed can actually cancel alot of their debt. It will have massive consequences but it's possible.
They can just print more for themself
Bacon: not bad but overrated, yes and uh, they can make it vanish as well.
A central bank doesn't declare chapter 7, they inflate the crap out of the economy. The US is sort of shielded from hyperinflation because we're the best bet for a lot of institutional investors anyway, which is sort of like being an entertainment company: if you ever start running out of money, you just charge more and people keep paying you the same. Eventually, however, someone invents streaming and everybody cancels their cable subscriptions purely to restart the cycle at $10/mo rather than $150/mo.
Likewise, there is a nonzero risk that the euro or yuan replaces the dollar as reserve currency, which would mean that debt would suddenly start mattering again, and the US would have to tax the crap out of the middle class or accept a significant decline in standard-of-living, brain drain, and so on. Whether or not this can happen right now, with every other first-world economy being hit worse than America, is still up in the air.
Earning huge profit in the financial markets is not a myth. I copy trades from an Edward Jones financial advisor while I remain in total control of my funds. She does not charge any upfront fees but only a commission on profits accrued. Regardless of the crisis in the market, its better than not investing at all. Great video!
Can you please recommend the advisor ?
Can I also coping the trade details from the advisor?
I have some savings too to invest and I will be glad for any recommendation.
Her name is PATRICE ANN ISABELLA . She lives here in the USA and she is accredited too. You can look her up from the web..
The Fed handing out participation awards smh let companies fail!
then hows our economy gonna bounce back??? do u really think you know more than the experts?
Companies go bankrupt and new owners will run the new companies. We don't want a Zombie economy.
"I frankly think that crisis initiation is really tough" - Patrick Clawson
If the Fed can dump $11 Trillion into markets, why can't it dump $1 Trillion into the hands of the American people to boost aggregate demand?
It's because our financial system was built to support those with money, not to get money to people who don't have any. We live in a society.
Since I lived during a quasi super inflation in my country, I'm used to hearing economists explain things for a long time.
Interest rates is the basic cost of money. Here's how it works: a highly trustworthy debt taker, the US, asks you for your money and says it will pay that back after some time. Since this debt taker is so trustworthy, risk is almost zero - so, why do anything else with the money if I can lend it to the US? Well, one of the reasons would be too low interest rates. But what to do with the money I have? Well, you could invest it in, for instance, stocks! Stock prices have basically three components: dividends now, dividends in the future and how much people want to have those stocks. Usually, the last two are connected but since investors don't share the same analytical capability, advertisement of some sort can make people want some stock. That's what Warren Buffet was talking about: when interest rates go low, there's extra money around and stock prices soar - if it's close to zero or negative (inflation is higher than interest rates), money supply is infinite. Money start to be created by lending money at low interest rates - so, whenever you see stock prices going up to quickly without adequate dividends to explain why that's happening, or when durable goods do the same, be aware that something bad will soon happen.
The financial system needs a reform - stock brokers do not create wealth, they just get the money from investors with less knowledge about the system. It's a zero sum game: the prize is the sum of all the bets, like a Poker game.
I tried to understand this and I get the jist but you should consider making a YT channel share your knowledge ✌
I hope most of those laid off decide to start small home businesses instead of going back to work for exploitative companies. Lots of opportunity online that won't go away with the next pandemic wave.
another problem being that it's generally known that you shouldnt expect to turn a profit from a new start up for about the first 5 years. That means you need to 1) be able to pay your bills and survive without the support of this business for at least 5 years while you're trying to get it off the ground, all the while investing money into it the entire time and 2) this probably means you're still going to have to work for someone else. hopefully your company and position at it is stable enough for you to do this. Never mind if you can even keep it running for 5 years consecutively. And that's when you do everything right and nothing major manages to go wrong in your life. And even then you can still fail even if you do everything right.
Opening a business is a lot easier said than done. And I'm not sure if now is the time to open a business with so much economic insecurity at the moment from consumers and the economy in general. Unless you're providing an essential service that people NEED whether they have the money for it or not. And even then, hopefully you have the money to start the business if youre not in excellent financial condition to get a loan from a bank.
its definite that we shouldnt rely on companies for our survival, but people just arent in a spending mood at the moment. They want to hold onto every penny they have because they feel financially insecure. Opening a business at a time like this could leave you in worse condition than it found you.
Hard to start a business with red tape and taxes. Economy needs a reset.
Economy grows from savings not consuming.
@@elleofhearts8471 Thanks for interesting info 👍⭐🙏
America: "Money printer go brrrrrrrrrrrrrrr"
They created this...
ruclips.net/video/qul2AVsLUCU/видео.html
The Fed created COVID-19?
@@Deathmastertx They created the bubble that COVID-19 popped.
Trump was pumping the Stock market by pressuring JPowel when the days were normal. Now with Covid-19 FED out of interest rate room to play has to sort to printing more money increasing budget deficit for decades to come. Trump handed the global economic power to China in a silver platter.
End The Fed. We have to start a conversation about Fed-free currency. Manipulating currency will not last long and will not end well.
The Fed has been manipulating the currency for (at least) thirty years now. The Fed has something called THE PLUNGE PROTECTION TEAM, which is tasked with preventing market collapses by intervening in the markets, buying stocks and bonds, everything with money the Fed creates out of thin. What makes you think the Fed will not be able to continue manipulating markets for another thirty years?
joe blow since 1913 you mean when they tricked the whole country into getting the federal reserve act passed.
Bitcoin coin love
@@lif3andthings763 Sad that Kennedy was shot & killed for throwing it out, then Johnson signed it back in. Convince me the Kennedy's were corrupt, when they had their shoes tied for them by the government because they knew they were honest to the people. Man has to die because he's not lying to his country. It makes me sick to my stomach how well this country keeps the people ignorant
The fed is actually useful. We would be having a very tough time if everyone’s money in the stock market vaporized and extra companies went out of business because of rona.
The fed keeping their pocket fill while we the people getting the short end of the stick.
@PRO HEN what? and slave away?
Mr Teal then don’t do anything and go on RUclips and complain. That sounds like a solution. Unbelievable
Really good video walking through everything that has happened.
Riding a unicycle while juggling torches on a tightrope.
MegaLaidback Also ,the tight rope is burning......
How about getting rid of the federal reserve and we start printing our own money?
Go for it. Its perfectly legal to do so in the US.
Getting people to accept your money on the other hand? Well that's a you problem.
Like Bitcoin? (Not financial advice, for entertainment purposes only.)
A big reset is coming at some point, because the current system is not sustainable. This is why FDR and later, Nixon, took the U.S. off the gold standard in the first place, because when there was a gold standard, governments and central banks couldn't just create and print money like no tomorrow. The huge budget deficits and national debt didn't explode until after the dollar was taken off the gold standard.
Private money existed before government money did. I imagine people will accept gold and silver.
and it is a happy happy private institution lol
The Feds only central job is protect the value of the currency not the portfolios of wall street or even main street.
spending your way out of a financial crisis is like trying to drink your way out of alcoholism
Holding any form of assets has risk but the difference between us and the banks is if they’re wrong the Fed will come buy up those assets while we have to incur losses. I don’t remember the taxpayer volunteering to bailout banks and large businesses...
You can thank all our politicians for volunteering the taxpayers.
@@agisler87 while they pit the Evil Donkey vs The Souless Elephant for us to fight over.
No, it can't. People have to leave their homes for the economy to work.
I wounder if you are able to buy them with an adjustable rate
If we had a safe, inexpensive treatment protocol that could be administered by one's physician as an early-stage prophylactic, the economic crises would soon improve in due course. Maybe the CDC and NIH should complete the studies that would provide this.
Let’s just pray that the printer never jams up because if that happens we’re in big trouble.
If Fed is violating the Act, they’re committing a crime. Shouldn’t the Fed chair and his men be arrested quickly so no more illegal activities be committed?? Why FBI is not taking any action??
Because they're in on it?
lol that negative rates and blackhole analogy was complete opposite of the previous interest-gravity analogy
Never accept defeat.
Fun facts: federal reserve isn't own by the government.
Also no reserve
Funner fact, The Fed doesn't actually loan money, neither do any member banks...
All final goods and intermediate goods pricing are come down soon.... First time in History. Theory of price rise must be failed... Onwards. World wealth are under vanished soon. NEGATIVE GDP growth forecast.
Wage are very low.
Gold is money. Dollars are debt
I applied for a PPP loan and EIDL and got zippo.
So have a few friends of mine who also own smaller businesses. Nada.
Pretty sure I've seen this video like 4 times....
here is this again www.scribd.com/document/460701560/Solving-Everything simply copy and past é into then
The economic rebound that everyone is talking about is not going to happen, when people go back to work, there will be no work left
People will still want to buy goods which will generate demand which will create jobs which will drive income, increase demand, create jobs, etc.
@@Deathmastertx But a lot of jobs that existed before the crisis won't be there when the economy opens because of the amount of bankruptcy we are going to see. I don't think consumer confidence will ever be the same after this.
@@Deathmastertx Uhh. How can people who don't have income buy goods? At least at the previous rate they did?
Shinshocks it’s going to change consumer habits for a long time number one and two, the economy isn’t separate from anything. Just because their wasn’t a failure in a certain financial instrument doesn’t mean there wasn’t failures in how we handle national security, trade and supply chains, agriculture, and lack of a social safety net.
@@Crazywaffle5150 Welfare payments, cheap credit, regaining of jobs. While the current spike in unemployment and underemployment is massive a lot of it was also made under promises that the job could be regained which, optimistically, might mean that unemployment falls rather rapidly after the crisis. If things get really bad, the US government might make direct stimulus transfers to citizens or the Fed might start dumping helicopter money on people.
$1trillion in $100 dollar bills is 40,000,000 inches high, which is 631 miles. Two and a half times as high as the International space station.
I'm asking Santa for a printing press too. Then It'll be Xmas every day!
Reality check, please!
lol the tital should read THE FED IS THE FINANCIAL CRISIS
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Whitney Kay Stacy is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
This is the best clip about the FED I have seen this year. Good Job CNBC!
a copy and past é globally into then again
globally here is this again
www.scribd.com/document/460701560/Solving-Everything
too bad its narrated by a 16yo valley girl
I NEVER UNDERSTOOD. Even back in 2008 when the Fed was given ZERO interest rate. Banks and Mortgage companies were STILL CHARGING YOU 5-7% interest rate. SO, The bank made HUGE MONEY BUT "regular" people NEVER ENJOYED the benefit. There was no mortgage or car loans at 2% interest or near zero. SOMEBODY please explain how this works. So LOW INTEREST RATE IS JUST FOR BANKS and Mortgage companies TO MAKE MORE MONEY OFF REGUlAR PEOPLE????? HOW DOES THAT WORK?????????????????
Going negative is to admit defeat.
Jamey Lane Going Negative is a trap that should be avoided. Europe and Japan have never climbed out of negative interest rates once it’s been introduced.
The developed world will have permanent negative rates within 10 years. We couldn't even get to 3% when things were okay. The future will be interesting to say the least.
The title should be..... How the FED Created the Financial Crisis.
They could have summed this thing up in 10 seconds. WE ARE PRINTING MONEY LIKE IN BANANA REPUBLICS, BECAUSE WE ARE ON.
Businesses should only accept bills printed before 2020. This money printing is getting out of hand.
They arent printing physical money. It's all electronic
Taking a dump while reading these comments..
ya voted for trump , now deal with it... lol
His supporters are literally ignorant to all of this and will delusionally believe he is doing good no matter what
That's how brainwashing works
Would've been the same with Killary. Don't kid yourself.
To prevent structural unemployment, the USA needs negative interest rates to stimulate the economy. Not only will borrowing money be less expensive for the people in the USA (it therefore stimulates expanding businesses), but it also reduces the debt of the USA. But when the USA is back on track again, these interest rates need to rise again in able to use this measure again in the future.
John Maynard Keynes wanted Breton Woods to create an international coin that was not connected to any country (so no country could take advantage of the ability to print money). He also wanted the IMF to be a source of work capital for smaller countries that could run out of international currency momentarily. He was defeated in Breton Woods ... and now we have a behemoth used to printing money that might sink and carry the whole world with it - and the IMF became a bank that imposes the rules people like Rubin want them to impose on developing nations.
Nobody:
JPOW: Hey guys, sorry the recession has been cancelled.
END THE FEDERAL RESERVE !!!
And replace it with what?
The fed doesn't need employees just make it a computer program. A building filled with just a big computer
If you look at the Federal's balance sheet , the FED actually start to pump the stock market starting on 2017, so the full time function of the FED is to pump the stock market in the last three and a half years
Massive money printing is easy to do. It is the single greatest source and support for wealth inequality in the US (and Europe).
Measures could be used instead to support the real economy for average Americans, such as:
1. Eliminate massive money printing.
2. Enact more progressive taxes. Eg eliminate the carried interest sweetheart deal for hedge funds and private equity funds, merge Social Security taxes into a more progressive federal tax schedule, eliminate deductions for mortgage interest and state taxes
3. Re-shore most manufacturing. Eg unilaterally apply import tariffs of 5% for every $100 mill of trade deficit in the prior 12 months. No trade negotiations, no broken promises, no excuses.
4. Eliminate most immigration, especially illegal immigration, that leaves American middle and low wage workers effectively competing against eager workers used to third world wages and conditions..
None of this will happen, because it hurts the top 10%, especially the top 1%, even though it helps 70% or more below them..
You can always ask Apple to lend you some _bones._ You're a Corporatocracy after all...
FED should give everyone the access to the printing press.
the audio on this is horrible, i thought my speakers were humming but its just the background noise here
The problem of the Fed printing money and handing it to big businesses is a gigantic worry. The people are suffering but the Fed is feeding the 1%. Our debt is rising and banks are still underfunded because they are still bundling loans and reselling them. If housing crashes again, oh boy!. We've learned nothing. With negative interest rates big business can borrow for almost free. People can't get low cost loans and unemployed, don't qualify for them. The stock market rises despite terrible employment news. The Fed is propping up the market but that is not helping people. Businesses do not reinvest in people. They don't hire back huge numbers of workers. They buy their own stock because nobody is watching them. Did you ever hear of anyone demanding loan repayment after 2008 when businesses paid big bonuses and bought back their stock? And businesses took on debt because interest rates are low. We are deep in a hole now and there is a deeper cavern we might fall into. Before the pandemic our consumer economy was not stable. Big businesses and Wallstreet were doing fine on Trump tax reductions and policy. But wages were stagnant and retail was shaky and now the big department stores and retail chains are beginning to fail like Penny's and J. Crew, etc. But if people cannot pay mortgages, if wages stay low, if jobs don't rebound then we have a crisis the Fed can't enough print money to cure.
The solution to this economy is not top down. It's bottom up. That means people have to have enough money to buy things, pay mortgages and pay off the crazy medical bills they are racking up with people in hospitals for Covid, to say nothing of the people having heart attacks and strokes over their lack of income and inability to even access unemployment insurance. People are in debt and a couple more months of this and they won't be able to pay their debts at all. The banks won't like that much. This is not something the Fed can fix by shoveling bucks to businesses. The money needs to go to people so they can do more than buy toilet paper and rice to survive. Opening the economy early will not help people enjoy the renewed services and opportunities. They are in debt from two or more months of staying home without money. Some can work from home but they are far from representative of the entire population and it is this huge mass of lower wage and poor people that have propped up the unbalanced economy since the recession. These folks pay rent, buy food, and pay taxes. Without them all there are is rich freeloaders who don't pay their fair share of taxes. The cities, counties and states are burning through their resources to pay for what the federal government did not pay for, testing, food banks, the PPE and the other necessary medical equipment. They need the taxes to come back in a big way.
This gives me another worry. That is austerity imposed on the general population after the crash but not evenly imposed on the 1%. They are too big to fail and will get more money ostensibly to insure employment, but really they are always protected. The people aren't protected beyond the $1,200 promised but still not received by everyone. They were promised unemployment insurance but most have not received that either. Add taxes after this is over to reduce the national and local debt and we might never recover. We would go hungry, unclothed and uneducated. Our lives are going to change in ways we have not contemplated since the Great depression if the politicians and the rich don't relent. When Republicans complain that a monthly income of $2,000 a month will exceed the income of some workers, you know just how top heavy our economy is. That comes to about $12.50 hr. Not a living wage.
Remember, toe solution to our economic woes is bottom up and tax the wealthy, not tax the poor and working people and pay the wealthy.
At what point does inflation factor in?
Anyone understand what they were saying?
You know what prevent a Financial Crisis give $2000 per person till when the corona crisis is over
Learning about the most complex financial infrastructure from a 7 year old girl is great!
I just find it weird the US can't pay regular unemployment benefits
Hahahahaa. Money printer goes Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
What does this do for other currencies of other nations and their debts? How are other countries going to react?
As the country swirls down the toilet, its good to see that Wall Street is doing just fine!
Couldn't you make this video on March 2020, i'd have jumped in.
I think there is no issue. Dollars' debt is not actual debt. Printers can pay for everything. I just don't know why the Fed did not do it earlier.
would defiantly recommend taking a loan rn perfect timeing