Quantitative Easing Explained
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- Опубликовано: 10 ноя 2010
- What the Federal Reserve is up to, and how we got here.
September 2012 Update: Check out my essay on how the Fed thinks QE will create jobs: omidmalekan.com/?p=634
and another on the way the Media covers the Federal Reserve: omidmalekan.com/?p=619
by Omid Malekan
www.omidmalekan.com
@malekanoms 
Кино
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Fed just announced massive QE. This video is still relevant in 2020
not massive, it's QE INFINITY
Hence my watching it again. Is there a word for rueful nostalgia?
Feds will always announce QE during an economic crisis you idiot, this video will always be relevant anytime something like this happens
@@tian_obia wrong, QE is a modern thing.
@@SmashBrosBrawl Whoever thinks this video is a good explanation of QE and what the Federal Reserve does to stabilize its economy is an idiot. Go take an economics class
This one never gets old. I’ve watched it a dozen times at least. “The Fed has been wrong about every major economic development in the past 20 years.”
“Is this an episode of the Twilight Zone?” “Is this some kind of nightmare?” RUclips gold. Should be required viewing for every person on the planet.
woman detected
there is no "planet" earth is flat
@@dfgghdfgdgsadfsfafdaagadgadgad is this satire or no?
Hello to everyone watching this on 3/15/2020.
Time is a flat circle.
Hi!......this video only makes me more libertarian.....lol
Where is the Ben Bernank when one "needs" him?!? LOL
The Ben Bernank! The William Dudley! Those were the good ole days
@@jamesd.salehi4752 Amen and I laughed my head off. Yip!!! the same applies in 2020 and we are in a very big mess and welcome to the depression of 2020 and my girlfriend son just lost his job. We will have soup lines in the next few years. We are in for a major, major change.
*fiat circle
Watching in 2020 as the Fed just announced a $700 billion quantitative easing program
I'm from the future. $700B is child's play son.
@@MrMelon247 ohhh man I hate to say it but Biden got elected and now that $700billion is turning into $1.9billion
@@jasonyeszkonis8364 Trillion
Nice!
Update from the future 6/10/2022: CPI% was released today....8.6%!!!
1,150 people work for the Goldman Sachs.
And the Lehman, and the Ben Bernank.
They got the bail out
Gee, they might have to find more productive jobs.
Here from the latest Patrick Boyle video (May 2024). Referenced this legendary classic.
"The Ben Bernanke."
"Ron paul" I'm back benny boy.
This is one of the all-time great videos on RUclips....a Hall of Famer. GREAT job on this. I LOVE how you nail "the Goldman Sachs" over and over, and very rightly so.
The Ben Bernank... love it;)
I wish the video creator had continued to make more videos that followed along with each Fed induced economic blunder. Could’a had quite the series
I lost my shit at "the Ben Bernank" lol
me too
*Pokemon_Go Pokecoins* twitter.com/dailyoffers98/status/755360029943947264?v=PTUY16CkS-k?v=PTUY16CkS-k
*Pokemon Go Pokecoins* twitter.com/dailyoffers98/status/755371120212205568?v=PTUY16CkS-k?v=PTUY16CkS-k
Same
"The only thing that is deflating that I can see is the Fed's credibility."
HAHAHAHA.
I was expecting other things, but this totally cracks me up.
"the only thing deflating, that I can see, is the Fed's credibility." lel
and the value of money...
AND OUR PAYCHECKS.....😠
Watching this in 2019, QE4 from the fed.
Also rewatching in 2019 ,this is a sinking ship
Huh, and in 2020 I was going to say this video didn't age well. 😆
if you only knew then what we know now. People were right. Fed lied about not doing QE. People think the economy is screwed because of the virus when in reality , there are things way worse than that.
Hey QE is back stronger than ever
Watching this in 2020, QE5 (the corona edition) from the fed :-)
Dude 1.5trillion in 2020 again...
the way they're talking is fabulous
higher than a year ago!? lmaoooo
I know I love these
buy bitcoin thank me later
what does that mean
My economics professor showed my class this video. It was funny and easy to comprehend.
This is one of the first RUclips videos I remember watching.
This video still relevant in 2023
This should be required viewing for every high school student on Earth.
It shouldn't be required for anyone. It's humorous, but that's it. I'm guessing not one person involved with the video has even heard of Triffin, much less understands how the Triffin Paradox and the US drastically cutting the deficit under Clinton played a major role in the trade of derivatives. This simplistic horse crap appeals to the uneducated and should not be put in schools as "education"...
Watching this in 2020, after Corona outbreak, still spot on....
Finally some useful information put in layman's terms that can actually educate people instead of creating straw man arguments that just want to denounce another party. A breath of fresh air!
If only people weren't so easily manipulated. This video is medicine for an ill mind.
Get ready for this video to be revived
kevin robson you sir are ahead of the game
It has been resurrected.
@@quentindaniels7460 Doesn't feel like 10 years since I last watched this...
Administrator - Crazy, ehh? Time flies, and here we are again, except this time we have “the Jay Powell” doing “the quantitative easing” on steroids and meth at the same time.
@@quentindaniels7460 this video seems almost quaint now. It's concerning
I had to watch this again! Its still so relevant in 2021
Hello, I am here again after hearing about Ben Bernanke winning the nobel prize in economics. I want to bang my head against a wall.
"I want to bang my head against the wall"
"You shouldn't do that"
"Why not"
"The Health Care is too expensive"!!!
"it means they are going to print a ton of money"
"the 'printing money' is the last refuge of failed economic empires and Banana Republics"
Ben Bernanke actually references this cartoon in his memoir lol
Lol really?
Can you quote the extract?
““Our difficulties were evident in an animated RUclips video featuring two creatures of indeterminate species hilariously but wholly inaccurately explaining “the quantitative easing.” The video went viral, and by mid-December it had logged 3.5 million views.”
Chpt21
I’d be curious to know his reasons why this is inaccurate.
@@mynameisben123 His reasons would be couched in complex bullshit.
2023 checking in. Here we go again!
THEE Goldman Sachs.
The first time I watched it was today, March 26, 2023.
And I was really thinking this video was made 1 or 2 weeks ago.
Been on this ship since around 2011.
It's worse than we can even imagine.
When the west collapses it's going to be Africa tier shit.
“The William Dudley “ ha let me get this straight the guy in charge of selling the treasuries to the Goldman Sac used to be a partner at the Goldman Sacs?!!
Let's get this William Dudley on the line
The use of the definitive article ‘the’ is especially pleasing
Holy S*!! This is pure gold!! Funny, informative, didactic, critical, and eye opening! Keep it up! 👏
Ahh a piece of artwork that will live on in our hearts and minds while we suffer from superflation
Yeah... I want to feel nostalgia from this 10+ year old video, but that nostalgia is outweighed by the fact that the video's message has held up so well. :/
hilarious, yet the reality is sad
yoo it's been 9 years. How is life and what are you upto? What changed?
yoo it's been 3 months. How is life and what are you upto? What changed?
I'm about to build a 5 foot wingspan RC Airplane.
11 years later; seeing the collusion between media, pharma and government, it makes a lot of sense. It's depressing but it's good to better know your enemy as well.
Capitalism, capitalism never changes.
I commend the author for simplicity and clarity. Another great video is WHY WE ARE IN SO MUCH DEBT. It goes to the root cause by explaining how the monetary system enriches and empowers Wall Street by stealing our individual prosperity.
I think it is about time for the algorithm to make this popular again.
"You must be shitting me."
My exact sentiments. God help us when the next "bubble" hits the fan.
Hi in 2023
I love this video. Referring to all of these institutions and effects as if they were inanimate objects is awesome.
Watched this back in 2010 I laughed, Now its 2020 and I'm crying!
This is the best video on economics I have ever seen!
"The people at the Goldman Sachs"
Oy v3y
The conversation is hilarious... lol
10 years later and this circus is still happening
Never thought it would last this long.
I favorited this back when it was around 500,000 views. Everything is absolutely true in this video. Beware those who try to debunk it with complication. Facts are very easy things to comprehend, they will try to convince you that you are never smart enough to understand the very obvious.
So true! And this is getting so relevant now.
Inflation is because of quantitive easing
So Kanye is right?
How has this video aged, now 10 years later? Like fine wine, sir. Tips fedora
History isn't supposed to repeat itself this quickly.
Sometimes I go back to this video.
I think about this a lot.
still relevant 9 years later....
Oh my God this is definitely the best video on RUclips
ＴＨＥ ＢＥＮ ＢＥＲＮＡＮＫＥ
Teh benbernank. LOL
oy vey
8+ years later and all this did was kick the can.
2019 recession and bubble burst.
Only because under different circumstances this time the FED actually is sabotaging the market.
@@djmars1983 the whole so called recovery was completely artificial and due to central banks creating money. If it was healthy interest rates would have been at normal rates years ago.
Worse new problems like too many companies buying back stock will be compounded as they borrowed money to buyback stock.
@@ninjamaster3453 , we can't have normal rates because the debt is too high now. A 5.2% yield on the 10 yr bond would put us in default. 4% is the tipping point. That's why every time yields get over 3% they are knocked down. We'll never see even 3.5%. Ever. Guaranteed.
A former Fed guy detailed it all in a very lengthy report. Those aren't my numbers, they're his. I believe his name is Fred Mishken. Might be able to find the report online if interested.
Close enough
yes, recessions are inherent to capitalism or ANY market-based economy
I love the pure honesty of these videos
The Ben Bernanke has just been awarded the Nobel Prize in Economics
Because that awards is bullshit the gave Obama is peace
I watch this before every FOMC meeting
This is the best video i have ever seen on youtube.... HILARIOUS!!!
We need malekanoms back 😭
Always relevant
Every time it said "The Ben Bernanke" I laughed.
"The Bernank" is my favorite part of the vid.
Your youtube video is truly good. Good job and I am looking forwards to discovering some of your new videos as soon as I come back.
Ah, the good old days of the Internet.
And yet this video's message has unfortunately stood the test of time.
Best video on RUclips
Imaging doing exactly the same thing from exactly the same mistakes 12 years ago
this is the most beautiful video on the Fed I have ever seen
I'm fucking crying doing this international business assignment. Thank you for this gem.
"the ben bernank" I'M DYING!!!!
Watching this in Mar. 2020, another QE from the fed.
OMG!! I loved this videos !!! I can't wait to see them all
The gift that keeps on giving. Referring both this video and the Fed 's ability to keep printing more mone...I mean qualitative easing.
I have a dear friend from Argentina, a country which basically could not have had more incompetent monetary policy, from the ill-fated dollar peg, hyper-inflation in the 80s. Yet despite it all, the country moves forward. My friend calls it "riding the bike." I don't doubt the kind of damage that could be caused if Ron Paul got his way and ended the FED. But at the same time, the economy is resilient enough to adapt to this highly improbable scenario. Life goes on my friend. C'est la vie.
Actually, the fed doesn't even bother to print the fiat currency.
I mean, the fiat currency the fed creates is simply an electronic creation. It isn't even paper money.
+Carl Favorito The new "money" is keystrokes on a computer. Something they are probably doing tonight, in fact.
+Carl Favorito 1,000,000,000....I'm a billionaire!
+James Exactly. The Fed "pays' for the bonds it buys with a check drawn on a non-existent account/ written on money IT DOESN'T"T HAVE. That's the scary part because that's the EXACT THING which transpires. It's all just 1's and 0's and the banking system is now free to further debase our money and steal our purchasing power. They aren't literally printing money (not technically, but effectively that's the concept b/c it increases the monetary base, but necessarily the money supply---it depends on whether the banks loan out the new reserves or just sit on them and earn Fed-payed interest. Although back when this video was posted I'm not sure if the Fed was paying interest on reserves yet??......I digress...)
print equals new digital money entries or classic bill printing, both are forms of fiar currency
the way this is actually helping me for my exam thank you
It has been 9 years since I saw this youtube. Today it occurred to me that in 2008 "Debt" was generally seen as the villain. In 2020 "Debt" has now been broadly cast as the hero as people around the world seem to have gone beyond patience and into a passion for QE. Had to just see if this RUclips was still accessible. What we are going to see now will make the past look very moderate.
"The Ben Bernank" LOL. This is all so sad but true, how did the Fed get away with this, without any of us idiots realising or doing anything about it???!
FED - Failure and Epic Dept
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Your sense of humor bypass was 100% succesful
What a great simply explained video on the fed
2:06 did anyone else hear "Right before the shit hit the fan" lol wtf am I watching
You're watching nonsense, of course...
Only a gov/bankster troll would say that
Pablo Malaga LOL, the video is complete bulshit but given the average intellectual capacity of people I’m not surprised so many ‘geniuses’ like it. I hope you don’t trade it coz you would have lost loads of money
@@mihaililiev5932 you don´t even know what money is
Pablo Malaga Do you think you know?
Classic! Again we go round and round
Thank you so much for sharing this useful data ! Greatly appreciated.
This is great!
"about a year ago!!!"
beat drops*
year ago, year ago!!
SO TRUE!!!
Just heard an excerpt of this in the Freakonomics podcast with The Ben Bern-Nank and came here for the full story.
thanks for making me giggle while writing this horrendous essay
"No, they buy the treasury bonds from the Goldman Sachs." "You must be shitting me."
when my professor linked this video for our assignment this was not what i expected, but i appreciated it
This video alone makes youtube worth it.
Never gets old...just change some names and can fit today's reality easy
Someone send this to John Oliver, he needs it.
Why does he need it? He didn't say anything about QE that was off base...
Ryan Nugraha Uh, yes he did. He was saying Jill Stein's QE plan to erase student debt wouldn't work. And that's bs.
Daniel Stewart I don't think he was saying it wasn't going to work; of course printing money will solve any debt. But his argument was whether it is a good idea or not, which is highly debatable.
Let's say all student debts are wiped clean without fixing the real problem which is the school pricing itself. Are we then going to do this again in 10 years time? 20 years time? 30 years time? Why do you, or all students in debt now, get to be the lucky ones who have their debt wiped... Jill Stein is promising a magical fix for a problem that's much more complex.
Wiping out the student debt, coupled with making public college free was what Jill was proposing. The "lucky" folks who would not have to worry about being thrown into debtor's prison because of their massive student debt is actually a plus economically and morally. It's not like credit card debt where it's totally avoidable. Many jobs (especially STEM fields) require college degrees and college is ludicrously expensive. I was lucky enough to be born in a family that could afford to send me to college. What Jill was saying was that we jump to bailout the big banks when they screw up the economy but we can't do the same for our own citizens that are just trying to make a better life for themselves.
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Copy and paste for QE2 and now... ding ding, here we go again.
8 years later and this still applies today
Great video. Gary Nulll played it in full on the radio today.
The Bernanke just won the Nobel freaking prize in Economics... I re-posted this to my FB page in honor.
"the deflation"
Great presentation of the history of the Fed and its actual role in the U.S. I'll gladly share this in my circle. Only one critique, I agree with Darvinisti that I would prefer human voices, and, although I don't mind animation, I would prefer it to be a little less cute. But the dialogue is fantastic and very engaging, with the characters asking real questions and providing engaging answers. Thank you, and I'll be sure to check out the rest of your series!
agree, good script, execution could be better, but ok; the message is there, now all we need are another 300 million people to actually watch this ... damn, there goes my hope ...
This should go VIRAL !!!
Absolutely superb, loved it 👍
its a great clip, but just to be accurate. I love deflation, but in current so-called economic system deflation increases debt:currency ratio, making it harder for population to deal with loan payments (less currency to pay more debt). So this system is constructed to force governments to have inflation. (expansion of money supply - commercial credit is collapsing, thats why they print money at 0% not allow to debt:currency ratio to increase) This system should not be called economy, but legalized theft and slavery system. Under it, governments cannot stop printing money, even if they wanted to, (or they have complete stagnation like japan in 1990-2010) without huge financial reform.
Omg this is amazing
very helpful -- and clear! Quantitative easing means printing more IOU's.
This is hilarious. Thanks for posting.