Biden Economic Advisor ROASTED After He CANT EXPLAIN US Money Supply, PANIC Over Market Crash Grows
Вставка
- Опубліковано 8 чер 2024
- BUY CAST BREW COFFEE TO FIGHT BACK - castbrew.com/
Become a Member For Uncensored Videos - timcast.com/join-us/
Hang Out With Tim Pool & Crew LIVE At - / timcastirl
Biden Economic Advisor ROASTED After He CANT EXPLAIN US Money Supply, PANIC Over Market Crash Grows - Розваги
If they can print their own money and can never go bankrupt, why are you taxing us?
inflation control
Great point!
They have to make us work for the worthless USD otherwise they couldn't utilize our labor force to siphon off efficiency 😊
The printing is a tax. It’s just one that doesn’t need any bills or legislation to do so.
Shhhhh sit down and be quiet!
"Idiocracy" is looking more and more like a documentary with each passing day.
Trump should pick Booker T as his VP.
@@firebush1343 Booker T on bringing down inflation: "We coming for you, 🥷🏾!!!"
"Do you even know what electrolytes do?...."
🫣🤫😛😜🤪
How are they gonna fix the 'comony?
I’ve been a financial advisor for 25 years and I can tell you that almost everyone in the governments of the G7 doesn’t understand economics or even math. This guy absolutely proves it.
Ye sure... this is one guy.. but sure.. there are no real economists in any of the g7...
@@kungfreddie If there are they are probably of the Keynsian variety. That's just one step above this guy.
you really think they don't understand, though? I mean...really? they know bro....they know exactly what they are doing. He just didn't want to say what they were really doing.
@@kungfreddie There aren't. They all believe Keynes was the ultimate amazing guy. But they take what he said so far out of context as to make it something totally different and we get the evil monstrosity that we have today. You cannot control any economy, the harder you try the more everything goes to crap.
@@chaptermasterpedrokantor1623
You might be giving a bit too much the benefit of the doubt… assuming that someone arguing there are intelligent economists in the G7 knows what “Keynesian” means.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
His educational background is Music and Social Work. Not Economics or Finance. We are f*d.
Why does every institution support this crap? Ceos nearly ALL support this garbage. Why dont they care what happens to the country
Are we talking Ian Crossland or this economic advisor?
And banks and the oil industry and all institutions support this crap. I dont understand
Bernstein stated he grew up in a "musical family" and aspired to be a professional musician as a young person.[8] Bernstein graduated with a bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien. Throughout the Eighties Jared was a mainstay on the jazz scene in NYC.[citation needed]
He also earned a Master of Social Work from Hunter College as well as a DSW in social welfare from Columbia University's school of social work.[9][10] At Columbia, his dissertation advisor was Irwin Garfinkel.[11] He is of Jewish descent.[12] (ripped)
His areas of interest include "federal, state and international economic policies, specifically the middle class squeeze, income inequality and mobility, trends in employment and earnings, low-wage labor markets, poverty, and international comparisons." He is known as a critic of free trade agreements such as the North American Free Trade Agreement (NAFTA).
@@AndyFromBeavertonLuckily for us, Ian has no control over economic policy. Unfortunately this advisor also has no financial education and DOES have some control over economic policy.
Do you remember when everyone said that “the adults are back in charge”
Hahaha I was laughing then, and I'm still laughing now
The senile ones are
@@Deems42069 The laughter's fake, the tears are real though...
The "adults" that are in charge needed to be "put out to pasture" before they took control.
Meanwhile groceries at 40-70% higher. These people are criminally negligent
It's not negligence. It's working as it was designed to. Well, not as they intended but if you build a shitty system, you get shitty results. MMT'ers will never realize this.
Uhm, Nope, you wish.. theyre criminals, and if you cant come to terms with that, stop voting..
Investing in this economy is a hell at times for the average person that wants full control of their finances, Even investing in ETF stocks can be risky.
I gotta admit, I took a hit in the profit department with my stock moves.
The question to be asked at times is not if the government or the economy is responsible for the sudden dramatic shifts in the economy but if we are taking the necessary measures to avoid making losses no matter the situation even if the pay roll is not in your favor.
The US economy is in shambles and we are indebted to the feds. As an investor you just gotta improve your investment philosophy.
What would you consider the necessary measures though? I was at a seminar two days ago where investors gave their opinions on how we can better investment for proper returns.
At times not just creating smart investments but buying assets can improve your profit margins in the long run.
This administration is a joke.
No they’re evil. Stop being naive
@@igotfriendsinlowplaces2971Same thing. Quit being rude.
🇺🇸 F J B 🇺🇸
@@jasonvoorhees7288 definitions matter, lib. Stop being fragile
No, not a joke. A nightmare.
Just for a moment, imagine the media's reaction if Trump's economic advisor said just a fraction of the garbage this guy said
I'm convinced that Biden and his people can say LITERALLY anything and his supporters will clap like 🦭
For me, it's not so much what he said as it is what he didn't say... The silences between the words that betray the empty spaces between the ears and the voids in governing principles at the heart of the administration he represents.
He was likely thinking because we can't afford it with our current revenue. He was trying to protect the admin as usual and weasel his way out.
as if journalists have more of a clue than this guy
What difference does what they say make when they have the same strategy?
I just got laid off from a Bidenomics success story of a job I worked at for 10 years, paying $650-$750 a paycheck in taxes. I filed for unemployment so I could pay my rent while looking for a new job. It took 2 months of fighting the system to get a fraction of what I was promised. It doesn't even cover my rent! Makes me real happy knowing I paid taxes out my rear that whole time (my whole life) so they could give it to illegals over citizens, and this guy is saying they can just print money anyways. I'm struggling to know why I'm even paying.
You didn't claim to be a black woman with 5 kids...
That was your first mistake.
The people who have never worked appreciates your reparations uhmm .. contributions
Same hear, it was 6yrs, but pension reduced by ten times.
And due to a stack of fake write ups I never signed because I never got written up, only once in 6 years.
So no unemployment, just draining my savings for 2 months to be denied.
Got a job at public works, and its like each interview is 10 days apart,
Get the job, and now HR takes 10 days apart to veify things.
At this point my anxiety is top tier if for some reason i cant start soon....gonna sting my soul.
Meanwhile steins like this cant even pass a basic interview question, its mind boggling but im sure hes an expert on making short positions on stocks based on who he knows.
Thats why the internet burns me out, try to take a shizzle and its doom and gloom on the phone.
Meanwhile its birds chirping and sunny skys out. Key to gravitate towards the peace then dwell in the chaos
A similar situation happened to me when I was between jobs for the first time in 15 years... I tried applying for Medicaid and was basically told that because I lived in a house where other people had medical insurance, they wouldn't cover me. And like someone has already said here, I was escorted off the property for saying on a room full of people that they would have been bending over backwards to help me if I were fat, black, and had 12 kids by different baby daddies... No one ever wants to hear the truth...
Refile your taxes with someone who knows what they're doing
It is absolutely painful and terrifying to watch and know that these idiots are in charge
I had to pause the video because of how cringe it was.
we DON'T print our own money the Federal Reserve Bank prints our money, they are a consortium of foreign banks with shareholders, they aren't Federal they have nothing to do with the United States if they did they would say enough is enough to politicians , stop spending more money than we are taking in by a wide margin..and certainly stop spending copious amounts on money on not necessary concerns, the Fed doesn't have any reserves and they aren't a bank ,they print money which we pay interest on to these foreign concerns, and guess what Canada,Europe,Japan, also have these counterfeiters as well
At this point i feel like a hostage under these people.
You are.
Annnnnd my comments not showing up
Always have been.
You are a hostage
@@mikepalmer2219and always will
All of them think that they're way smarter than you.
Wow. The fall of Rome and Weimar, in real time…
They are😂
The Babylon Bee desperately needs to step up their game because these clowns in real life are trying to overtake them.
Scarily accurate.
And when you print endless money, you get runaway inflation.
I’m an idiot and even I know that
OMG!!! We're fucked.
And now you understand why Bitcoin is actually worth money.......
@@firebush1343😂 No it’s not. Lose your electricity and you’re broke
@@igotfriendsinlowplaces2971 and 80% of the population is dead in 2 weeks. so? I got other investments for if the power goes out....
@@igotfriendsinlowplaces2971 You get the electrical grid back up in any area bitcoin network is back on in hours if not minutes you think your bank will be able to do that? I get it your response will be well buy gold well if the electrical grid goes down it's soo much worse than you can imagine I am talking about societal breakdown and no one will trade in gold when they can rape kill and pillage.....people will just take what they need not ask
@@firebush1343 food, ammo and guns are the only investments that’ll do any good. Glad I’m a rancher though. Land rich and cash poor baby!
I genuinely thought this was a joke. I couldn’t believe my eyes and ears.
Saaaaaaaame..... when I first saw it I was like Kyle's mom...
"What, what, WHAAAAAAAT?!?!?"
Holy cow “What do they do again!” Now I’m actually scared.
Fuck.... when I saw it it got so bad I assumed it had to be a joke....
Its real...
._.
I know, the guy went full Kamala.
Idiocracy for real.
I bet he went to Harvard.
For those wondering why indeed we can't just print our way out of debt, in one obvious case, by statute, we legally cannot do so. The government can't legally simply print as money as it needs. The money needs to be appropriated by Congress and then allocated.
This is why there have been discussions about issuing a $1 trillion coin to deal with debt ceiling problems. Because the law allows the government to mint coins without new laws needing to be on the books. This means that the government can theoretically mint any coin in any denomination. In practice of course, the intent of the law was never to allow such large coins to be made.
But even if we could print our own money incessantly (i.e. if Congress simply passed a law saying that the government can print whatever money it needs) then we'd end up destroying the value of the dollar just like Zimbabwe did -- if there is an endless supply of dollars then they aren't worth anything. That's why we've seen so much inflation the past few years -- because we flooded the market with dollars during the pandemic and afterward with all of Biden's new spending. (Go and google the $100 Trillion Zimbabwe dollar bill sometime -- you can buy one for a few US dollars because they're literally not worth the paper they're printed on but they are fun to hold and call yourself a trillionaire).
As for this moron, yeah, I mean this is just basic concepts of money. You don't need to be an expert (I do happen to have an MBA but this is pretty straightforward stuff which even a high schooler should be able to understand). MMT or Modern Monetary Theory is an untested theory which says that because the USA makes the world's reserve currency (i.e. other countries hold our money as a store of value) we can just keep making more because other countries will have an endless appetite for dollars. In reality, this doesn't really work because at a certain point other countries and even our own citizens stop wanting to get dollars, especially if there are too many around and the value of the dollar goes down. At what point the appetite for dollars finally dries up nobody knows for sure but this is why everyone is so worried about the national debt. Because at some point, if nobody wants our dollars then we can't simply pass legislation to create more of them.
MMT is one of the core reasons why we are in this mess. That and the cluelessness of the majority of the electorate
Simple supply and demand, I'm going to take an educated guess and say that you are definitely over 50 years of age...
I disagree that most higschoolers would know...
Jimmy Carter's farewell gift...🖕...to America... ensures that kids don't learn anything of consequence in school anymore
"Department of Education and the Department of Health and Human Services by the Department of Education Organization Act, which President Jimmy Carter signed into law on October 17, 1979, and began operating on May 4, 1980."
Jimmy Carter's ever lasting gift...🖕...to America...
If your backing value isn't increasing, your fiduciary representation of it is worth less and less per unit the more of them exists. If say they printed twice the dollars that are currently in circulation, everyone would look at it and say "Ok, so now 1 dollar is worth half as before". That's why you can't "just print money" willy nilly, it devalues the current supply. That's why you borrow. You kept the value the same and borrowed against future earnings. Which obviously only works IF there are future earnings.
We can’t go bankrupt? No more taxes for you… why do you need my money. Just print yourself some more!
They're using our tax dollars to hedge inflation....it takes money out of the money supply. So, you're being punished for your success.
How is this not Weimar 2.0?
Taxes and interest rates are how they hold down inflation. They print, spend, then tax us and raise interest rates and prices go up 3% ish over 4 years its another way to tax us.
@@Starday723yyou all allow and accept it all and then think getting online and whining changes anything. It’s actually pretty funny and all these politicians etc are laughing right in all your faces! Often on live tv and y’all are laughing along with em and never holding any of em to account.😂 good job!
@@Starday723ywell y’all allow and accept it so stop whining
I just showed my 81 year old Democratic landlord this and even he looked disgusted.
But he'll vote Democrat until he breathes his last breath anyway.... Sadly
@@UnderWhereVPLAnd well afterwards too.
Tip your landlord
@@Kanaleah Well done.
@@UnderWhereVPLhe will vote democrat after death too
Theoretically, the Federal government can stop taxing citizens and print all the money we need.
If that happened too many people would start asking the "wrong" questions, like why do these pieces of paper have value?
If that was the Chair of Biden's Economic Advisors, then no one should be surprised why this econony is in the dumps.
Good job Democrats!
I'm far less concerned with his inability to explain why the US burrows than I am with the "Government can't go bankrupt" comment. It shows a complete lack of even basic economics.
"Of course I can tell you, we don't just print because infl- uh, I was told not to mention this word, uh, it's easy, it just works."
@@URMyNewTV Reminds me of the underpants gnomes.
Step 1: Print money
Step 2: ???
Step 3: Bidenomics saves the day!
Haha
The Government can't go bankrupt, because it can always instead drive the value of what it gives in repayment for it's debts, down to zero.
@@dyingbreed5386Damnit, I was thinking the same thing. And that's not an example of you and me being smart, it's them being stupid.
@@theywouldnthavetocensormei9231 An example of satire being unable to go too far without political figures catching up some day. 😀
The real question as Rush Limbaugh once asked laughingly:
"if you can just print the money and there's no downside WHY ARE YOU COLLECTING TAXES?!!!! Just print your money."
The real question is, if the federal reserve really is independent why can't they print money directly to foreign countries instead of destroying our economy?
Printing money whilst collecting taxes of same said money gives the tax collector double the financial power and the commoner double the oppression, goy... Oy vey...
Even a broken clock like Tim, will eventually figure out the truth...
That's not the real question because banks "print" the money not government. The question is the same one this guy cannot answer. Why does the US borrow at interest from a private bank, what it COULD make itself?
"Why have mortgage rates tripled in just 2 years?!".
Proper mistery.
Because they were artificially low.
@Juan-os4hs Jesus Christ, when the ministry will tell you to eat the soylent, you'll happily convince other people how nutritious and safe it is.
Holy shit - these people being put in any shotcalling positions is frightening to say the least.
Wild that an advisor doesn't know that money devalues if you simply print more money.
He knows. He would rather play dumb.
@@wyldfantasies I...don't think he's playing...
not when you realize they are a lefty. At that point it is expected
@@definitelynotsarcasm I'm also on the left and I know it.
He knows all too well. What he's not telling you is that it's by design.
Gov prints money > Gov pays off debt > Money's value has gone down, causing inflation for those who have little to none already, causing massive inflation and poverty > Gov and banks raise interest rates to get that printed money back, but not from the rich, rather from you as a peasant even though you're already suffering > Send the recouped money overseas to Ukraine, Israel, Palestine, Taiwan for nothing in return, essentially destroying/burning the money, causing inflation to decline slightly but never reach it's pre-crisis level.
The government and their friends have paid their debts thanks to the value of the debt not going up with inflation, and now that inflation has gone down after a period of drastic interest rate hikes, the common folk have nothing to do but go bankrupt because their mortgages went up by 50-100%, causing the minimum payments to be higher than you have incoming... all in the time it took for the government to complete their master plan to screw us over.
>>>> Banks and the rich rake in billions by repossessing the homes of the common person after the fact, so they can re-mortgage them to the next sucker until the next crisis is intentionally started, and the houses inevitably end up re-possessed yet again.
Now you know why the rich and powerful are all on the side of democrats, and donate massively to their campaigns. Now you know why George Soros pays millions to democratic party causes: because he will recoup every cent at the next financial crash.
No laughter. No crying. Just CRINGE. Like.... PAINFUL CRINGE
At this point, its past the cringe state, its just gone to accept the fact we are fucked.
It was like an homage to Bill Lundberg. How's your TPS report?
@@MyAramilnah. I’m pretty sure I don’t have it within me to b “past the cringe” enough to not cringe at this. This was insane to watch
@@MyAramil I knew we were in trouble before watching the video. This just shows that we're in it way deeper than we thought.
The circus is outta control over there guys! You need to vote that orange ring master back into power before these clowns burn down the tent!
Remember when they bragged the adults are in charge now?
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Henry Ford
The creature from Jekyll island is a great read for anyone who wants to get started on unraveling this whole mess.
You should read his book 😊
@@windblownleaf6450 yes, G. Edward Griffin is a true hero.
It's like he figured out it was a scam at the same time he realized he needed to keep the game alive.
^lol this nailed it
Yes exactly
Ok but: fractional reserve means, that you create fake money which then has to be paid back with MORE "real" money, most of which is created by debt, and in the end you just have a debt spiral that completely goes out of control, because the debt is going to end up being bigger than the actual money supply, because of interest.
Holy crap, no wonder we're in trouble.
You know what pisses me off. There are so many people that contributed to ruining my life, and the best we can hope for is that they quietly get fired, their rich already so it’s not like anything will hurt them figuratively, and there’s no apology
What pisses me off is that somebody could agree to clean toilets in exchange for enough pay to buy food and housing for their family, but then this like this get paid hundreds of thousands in salary, screw the economy royally, then wash their hands of it because they got their piece of the pie, while our toilet cleaner is still doing the same work but now has to decide between housing or food all because of the actions of some incompetent bureaucrat somewhere
I'm sorry for contributing to your life not being as peachy as it probably should have been. You're a pretty cool dude-bro and you certainly didn't deserve a poo-show for a life. Sorry brocicle.
@darksu6947 yeah the apology sucks I'd rather just revenge.
@@xxSKAGhosTxx Well, in that case, you have a squishy face.
no the best we can hope for is people to grow a spine and revolt.
They’re clueless. They need to be shamed.
They are the definition of shameless, like all Lefties, so it's basically impossible...
More needs to happen than just shaming them.
What happens to traitors???
I remember a friend studying how the EU works, and she is good at critical thinking and analyzing. She came to a conclusion, which I have implemented to other stuff, which is this, "If it is too complicated to explain, it's bullshit!"
Zimbabwe called, they want their economics back
"Where's the money Lebowski?!"
“It’s… it’s down there somewhere let me take another look..”
@@SongsOfPeteDonovan says the biden administration
"This is what happens when you find a man in the alps!"
"Nihilistis."
*throws ferret into bathtub*
Is this a joke? Because I'm not laughing. I'm actually scared if this person is actually employed..
I thought it was a joke. I thought he said "We sell bombs." Not "We sell bonds." And laughed during the entire clip. Then I realized he said "bonds" and he was being serious and I cried.
According to other comments in here, he isn't even an economist. He is a trained musician. That's what his degree is in, music. Let that bit of horror sink in.
OMFG the woman in the beginning finally asked the question "why to we borrow money from a private back at interest rather than printing our own money?" If the US went back to printing our own money as we did in the past we wouldn't have to pay interest thus could eliminate income tax. Tim is spewing BS BTW.
@@bubbajones4522 dude, we do print our money, something like $38 million a day. What are you talking about?
Amusingly enough, Biden would answer the question in a similar fashion
Kamala must have gotten Bernstein up to speed.
This gives Karine Jean-Pierre vibes so hard...
Also said: "But Brawndo's got what plants crave. It's got electrolytes."
🤣🤣
I would tell you they know exactly how it works, but they can't explain it in a way that wont result in mass rioting.
Having a complete moron in charge of our economy may produce that outcome regardless........ When our money becomes worthless it will piss everyone off. Someone will answer for it and this Biden admin idiot is an obvious candidate.
You're giving them too much credit. The shadow government intentionally hires complete idiots at the top allowing money laundering of billions of US tax dollars.
I didn't hear you say (and maybe I missed it), the most important thing about "the fed". "The fed" is just a name. It's a private corporation. It's in no way a federal government entity. THEY are who we owe. It's not the American people.
If we borrow money simply to avoid having too much money circulating in our country, why not print money and spend it overseas?
I wish I had the self-confidence to accept a job I had no idea how to do. People like that always rise to the top.
They are shutting down the power plants all around me while mandating electric vehicles. You've got the same kind of people running energy policy as you do finance.
Government policy is failing upwards.
Seems like this whole administration is a Potemkin village. Biden, Yellen, this guy…none of them are making the decisions. They just do what they’re told.
I'm glad the adults are in charge again.
This goes back decades dude. The same type of people have been in charge for decades. The elected leaders are there for theater. As a great man once said “if voting mattered they would not let us do it”.
But weren't the Trump years good? If it doesn't matter, then please just vote for Trump, so that we can have upward mobility again...
@@mikepalmer2219that sir is the biggest psyop out there.
Stupidity is not a strong enough word
The sheer incompetence of these people is horrifying.
The US government doesn't print money.
They create treasury bonds, basically a promise to pay, and sell those.
The federal reserve bank, which is neither federal nor a reserve, prints federal reserve notes. It the uses these to buy treasury bonds from the government, at interest, which in turn uses as a currency.
It also lends these notes out to other banks, at interest, which then lends to others, with interest.
The only lawful currency, Constitutionally, is gold and silver. Not federal reserve notes.
Nope... him saying the US government prints the money is a clear admission of US government fraud with the federal reserve. If the US government was a private entity then the US government would be investigating the US government for fraud... then again we do live in a sam bankman fried world
The private banks "print" the money. When anyone takes out a loan.
The US Mint prints currency as a Federal Reserve debt note which is monies to be paid back to the Federal reserve.
@davidweatherly6733 the US mint does not print the federal reserve note. The federal reserve, a private non government entity, prints those.
As I understand it, the Bureau of Engraving and Printing manufactures (prints) the paper Federal Reserve Notes. They are not "created" as money until they are loaned into circulation. Paying back the loan extinguishes the money. I agree, we should be on gold and silver coin for money. It can be issued debt-free, unlike the worthless Fed notes.
Money Printer goes BRRRRRRRRRRRRRRR
So will patriots ARs
@@RogerAlan The next time will be the first time
@@RogerAlan When the time comes.
How come nobody ask “who are we borrowing from?”
Her question was just as good tho. Why is the US borrowing at interest what it could make itself?
The Federal Reserves, the national bank essentially of the US.... it is from "us" but not really because the Fed is a "private" bank...
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.
When does Israel and the Ukraine have to pay back all the Billions upon Billions of printed money
😂😂😂😂
we don't want it. We want the existence of these money burned. If they are brought back in the US for circulation, then we see real big inflation.
They are not getting cash.. not Ukraine anyways. Ukraine is getting military hardware that the usa has already written off bcoz its getting old. So usa gives Ukraine their old gear and then buys new gear for themselves from contractors. This way you increase the number of jobs in usa. So its not just giving money... there is actually a benefit for usa too.
And if russia could just roll into Ukraine then nato would have to fight ru in Baltic and Poland in a few yrs.. and then they would have Ukraine to.help them too... if we make it hard for th they might think twice b4 trying this again.
Helping democratic countries fight off authoritarian dictatorships is the one good thing that nato SHOULD do.
Well, Israel NEVER has to pay back anything. The US is just an ATM to them. The Ukraine is supposed to pay back the loans we're giving them, but A: everybody knows they won't and B: chances are that state will not exist anymore in a year's time anyway.
Vincent Price's laughter from Thriller...♾
The only surprising thing is he admitted he didn't know instead of dodging the question.
So you're saying it's the jews without saying it's the jews.
Whoa. That sounds like when I had to give a presentation in class on something I didn't know or care about. LOL
And this is what every institution in the country supports
Because they have their wealth stored in assets, not cash.
Dear sweet liberty. Fire this man. I broke out in a dread-induced cold sweat the longer he elaborated on how little he understands basic economics.
The people who are in charge of monetary policy are just as culpable for a nation's security as any military general you can think of and their decisions have the same caliber of impact on the people of said nation. This is one of the most unserious people I've seen give an interview in a while. I'm sick and tired of entitled dorks being in positions of power
They removed the reserve requirement mar 25 2020
Banks can now lend 100%
What could possibly go wrong
The next question is that since the govt can print its own money, why is the govt collecting tax from the taxpayers?
Especially as it's our work that makes the printed money of any value.
Without it their money is worthless. So you get Taxed for making their monopoly money valuable.
For more contril over the population
the government does not print the money. The Fed prints the money, it is privately owned and ran by the banks. The Fed loans that money to the government.
Because they want your money as well. Two sources of income baby!
Because poor, unhappy people are easier to control.
And these people expect us to respect them, what a damn joke.
To OBEY them. We are to adhere to what they decide. This is insane.
They don't expect you to respect them... "They demand that you respect them".
@@emilythequeen1Well said!
400 Million people multiplied by at least 7%...... My paycheck is taxed, ALL of my transactions are taxed. THAT'S not ENOUGH ?😠
Yeah, with these people in charge....we're doomed.
This looks like a SNL skit!! Very disturbing 😮
Bullseye, you⁵ hit the nail on the head!
This is someone scared to say the fed reserve is a separate identity and they do not want to say that.
If it's separate why do we have to take on trillions in debt to give away instead of those countries having it printed directly?
No, again
Why are we paying taxes if we can just print our own money?
So “shocked” that someone in this current administration who is “in charge” doesn’t understand what he’s doing….
This kind a guy is why we the people are trillion of dallors in debt.
And adding trillion dollars every 100 days.
This guy needs to sit down with Dr. Ron Paul.
I was thinking a sit down in an electric chair
So... is anyone getting tired of this crap? Anyone?
This is just embarrassing.
Market crash? We've *been* crashing for three years.
More like 20 years.
No more like 50, Shit's been going bad since the 70s, Only now are things getting really bad, and soon enough they'll get even worse.
They been hiding recession forever and now with m2 falling they are trying to hide the start of a depression.
Yeah, might as well get ready for the Great Depression 2.
Unfortunately this is just the tip of the iceberg...we ain't seen nothing yet.
I dont think this administration knows much about anything.
Finally, a response that is coherent and makes sense!
A claim of knowledge presumes basic cognitive function ... which is obviously absent in the worst admin in U.S. history.
They know how to pander to "oppressed" groups, so there's that
They know how to exchange political favors for cash.
The old Joe Administration knows a lot about nothing. Where did they get this guy.
OMG, we are in deep sh**
And this is why we’re in this mess.
With leadership like this, who needs enemies?
The FED is not ferderal, centralbanks are PRIVAT Banks.
how?
central banks are litterally a government monopoly on money printing, and their chairman is appointed by politicians, how are they "pRiVaTe" exactly? because the fed building is private or something irrelevant like that?
His ignorance makes me angry!
Wow, inept as hell. We are so screwed.
Here's a better question. If you can just print money, why are we paying taxes?
No it isn't a better question. Government doesn't print money the bank does so why borrow from a bank at interest what they could print themselves?
If a mcdonalds manager said something along this line, they would be fired.
We can never lose money cuz we can always makes more Big Macs
Long story short : no one knows how the economy works.
"well, they do... And they're the ones writing it off."
They are playing cargo cult, that's exactly what they do.
The world is nostalgic for it. When America prospers so does the rest of the world.
When China sneezes, the world catches a cold
@@kazbh89 no that's when theyre paid to create and spread one
If you gave this answer in a basic economic class, you would fail. Period.
The federal reserve is a privately owned bank. We borrow from a bank.
For him to explain how it works would be to admit it's all fake nonsense, and he can't wrap his brain around that.
This is painful.
The US budget works exactly like your budget.
They create a budget, and if it exceeds the tax revenue, they have to raise the debt ceiling. And the Debt ceiling is based on the GDP. Which allows them to....too....to issue bonds, think credit cards or personal loans. Issuing of bonds are selling loan notes to others. Whether it's rich bankers or china or foreign nations. Whomever wants to buy them. That bond is a loan note, Which the US will buy back that loan note with interest in 10 years. hence a 10 year treasury.
The banking system is not directly tied to the US treasury system. The banking system is allowed to lend out up to 10x their cash holdings. which is called fractional reserved lending. But banks have the option to lend money to you the customer at X percent or they can buy bonds from the government securing a Y percent interest. The value of the bonds dictate the interest rate. If the bank can buy a bond at 5%. They will lend money to you at 5.5% And that is how the FED controls inflation. By adjusting the interest rate of the bonds. Which in turn adjusts the interest rate of the bank loans. Which in turn encourages or discourages business growth through taking out business loans.
That is the entire system in a nut shell.
Excellent synopsis.
People always say the dog mirrors the owner.
That level of ignorance in his position is dangerous.
"Ya know, I am also a Economic advisor myself".
No way, so am I and every pet rock I have. I love the title and corruption without doing anything positive.
This literally sounds like me and my buddies just bullshitting with each other at the bar lol
(We're fucking idiots, is what I'm saying lol)
The real question from this should be: "Why did this individual become an economics adviser in the first place?"
How the heck is this guy in the position he is