2009: Ben Bernanke's greatest challenge

Fed chairman discusses recession, financial rescues and recovery in wide-ranging 60 Minutes interview
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Пікірлер: 111

  • @jumbaliajohn3116
    @jumbaliajohn31164 жыл бұрын

    I love your lonely hearts club band

  • @b-ichithetsundere862
    @b-ichithetsundere8623 жыл бұрын

    Is he a magician? A furious magician?

  • @rinogoose

    @rinogoose

    Жыл бұрын

    and he needs your teeth for the federal reserve

  • @jonathanlerner2797
    @jonathanlerner27972 ай бұрын

    A great man. History will be kind to Ben Bernanke. We got very lucky that when 08 hit we had him as Chairman of the Fed.

  • @thesauce669

    @thesauce669

    14 күн бұрын

    No he is not. He is the greatest orchestrator of inflation. His prolonged QE policy was the height of stupidity.

  • @sourstrawberry6636
    @sourstrawberry6636 Жыл бұрын

    This guy definitely has a seat on the table.

  • @albertoperdomo4536
    @albertoperdomo45362 жыл бұрын

    Como economista que soy Bernake es uno de mis ejemplos a seguir , en cuanto al video que nivel de entrevista como se mira que el periodista se preparo y tuvieron un ida y vuelta espectacular sin necesidad de levantar la voz o interrumpir al otro como comumente nos pasa en latinoamerica

  • @siyakwitshana9759
    @siyakwitshana97594 жыл бұрын

    Boy he was right

  • @mrquicky

    @mrquicky

    2 жыл бұрын

    A 10% inflation rate would suggest you are correct.

  • @Ikilledthebanks
    @Ikilledthebanks2 жыл бұрын

    1:25 “ we do have a plan, brrrrrrrrrrr”

  • @the_expidition427

    @the_expidition427

    2 жыл бұрын

    yes

  • @Robis9267
    @Robis92673 жыл бұрын

    Markets recovered exactly after this interview. Worst day for SP500 was 09 03 2009. In 10 03 2009 it shot up and went only up. The influence of confidence is crucial. Amazing. Thank you chairman B.Bernanke

  • @alieninstallation50
    @alieninstallation502 жыл бұрын

    I hear Bernanke explain the severity of our situation. I look into this man's eyes and feel like crying.

  • @mrquicky

    @mrquicky

    2 жыл бұрын

    Is it because you know that he is lying to you & doing so with full knowledge?

  • @jolness1

    @jolness1

    Жыл бұрын

    @@mrquicky If you think he is lying, you may need to do a little reading about the financial crisis and economics in general

  • @mrquicky

    @mrquicky

    Жыл бұрын

    @@jolness1 if you believe the Fed, then please move all of your retirement into 10 year bonds. You wont, because no one is that dumb.

  • @jolness1

    @jolness1

    Жыл бұрын

    @@mrquicky pretty broad statement. Are you a libertarian? Wanna tell me that privatizing everything won’t lead to pseudo governments and then full scale ones. Lots of problems with the fed but your empty criticisms do not confront or address them lol

  • @mrquicky

    @mrquicky

    Жыл бұрын

    @@jolness1 Move the goalpost as well as your retirement account.

  • @mitchjones953
    @mitchjones9533 жыл бұрын

    there is no way that all of the big investment banks were doing all of that sketchy business for years and the fed just had "no idea".

  • @Huntereconomic
    @Huntereconomic2 ай бұрын

    2024 I hope Bernanke be helping J. Powell.

  • @lebimas
    @lebimas3 жыл бұрын

    Thank you Mr Bernke

  • @themissingtile2828
    @themissingtile2828 Жыл бұрын

    11:00 I can't unsee the line of spit in his mouth

  • @sjoyrusch320
    @sjoyrusch3203 жыл бұрын

    Banks & wall street no longer will do ...

  • @Davey-TheDJ
    @Davey-TheDJ5 жыл бұрын

    Hey CBS you such a big Network can't you put closed caption on your KZread channel wow 2019 and still can't get it right

  • @1wildwackywoman
    @1wildwackywoman5 жыл бұрын

    Convo at 19 minutes ~ yeh, right.

  • @rustymu87
    @rustymu873 жыл бұрын

    Very smart man

  • @kaib6036
    @kaib60365 жыл бұрын

    Deflation is a necessary season in the economic cycle. Deflation is the necessary contraction phase, and helps to balance the excesses fueled by the principles and energies of expansion. Deflation modifies prices that have escalated during the expansion phase of the cycle. These two forces - Inflation and Deflation - work together, as Day and Night work together, as Man and Woman work together. They only appear to be adversaries. The U.S. government had been telling the American citizen for several decades now that there is no inflation in the American economy and that prices are stable. Of course, Americans know this isn’t true. Oil prices rose from $15/barrel to $1OO/barrel in twenty years. Housing prices jumped 150-500% in three years, after averaging an appreciation of 2.5% per year over a century. Health care costs explode year after year, averaging 9.5% growth, year-over-year for the last decade. The cost of college tuition has gone up by almost 1000% in thirty years. And we are told that there is no inflation. It finally became clear to me, after years of musing on this phenomenon, that, there is no inflation, according to government statistics, as long as there is no wage inflation. And there has been little wage inflation - that is true. As long as wages stay low and do not chase the escalating costs of goods and services - and this is almost possible if the cost of credit stays low -- then the inflation spiral is muted. Of course, the consumer, in this scenario, becomes more and more indebted through this method of paying for myriad inflationary goods and materials. Apparently there is no moral dilemma in this. Business profits grow, wages remain low, and workers take on more and more debt. It sounds to me like a volcano that is bound to blow. But what do I know? Sometimes logic is only logic for those not sophisticated enough to know the difference between appearance and reality.

  • @nicholast9868

    @nicholast9868

    5 жыл бұрын

    Kai B Would abolishing the federal reserve improve the economy?

  • @God-yr9rs

    @God-yr9rs

    4 жыл бұрын

    @@nicholast9868 and returning to the gold standard

  • @anthonyenos2835
    @anthonyenos2835 Жыл бұрын

    Remember Ben Bernake has corporate master that he is held accountable their profits go up or down based on what he does.He is the closest thing we have as the WIZARD OF OZ..............

  • @davenemo5494
    @davenemo5494 Жыл бұрын

    He cares more about the numbers then the does about the actual people who make the economy work. Typical fed official.

  • @barryweiss9977
    @barryweiss99773 жыл бұрын

    MILTON FRIEDMAN

  • @disintegrators6940
    @disintegrators69404 жыл бұрын

    i love this guy. a true hero and economist

  • @marchsnow9166

    @marchsnow9166

    4 жыл бұрын

    true villain

  • @disintegrators6940

    @disintegrators6940

    3 жыл бұрын

    @@marchsnow9166 AHAHAHA. False.

  • @aaronguzman7940

    @aaronguzman7940

    3 жыл бұрын

    Lol. No

  • @bipedofthecentury9956

    @bipedofthecentury9956

    3 жыл бұрын

    @@marchsnow9166 How is he villain?

  • @JinGwee

    @JinGwee

    3 жыл бұрын

    @@bipedofthecentury9956 his solution is very wrong, and sets up for a greater disaster ahead.

  • @anabsolutejoke
    @anabsolutejoke Жыл бұрын

    spencer

  • @WyMustIGo
    @WyMustIGo Жыл бұрын

    End the FED

  • @jacoblloyd2573
    @jacoblloyd2573 Жыл бұрын

    Bernanke's voice kept popping like he was dehydrated or something

  • @jacramir8716
    @jacramir87163 жыл бұрын

    Le happy merchants of Wall Street, are very happy.

  • @user-iz9gs8pi8r
    @user-iz9gs8pi8r Жыл бұрын

    벤 버냉키 선생님... 저는 미국편입니다... 그러니 미래는 걱정마세요 제가 창조주님께 가서 말 할 테니간요

  • @diarrasidiki3714
    @diarrasidiki37145 жыл бұрын

    Ben Bernanke is a Firefighter for the US economy and plays the role of stabilizer for the US Dollar.

  • @DavidMcBong
    @DavidMcBong2 жыл бұрын

    7:59 money ex nihilo

  • @amyreynolds3619
    @amyreynolds3619 Жыл бұрын

    He's a cousin of mine. He left before the 45th( twice impeached disgraced FORMER )president took office. Hum..

  • @ajitkirpekar4251
    @ajitkirpekar4251 Жыл бұрын

    Moral Hazard

  • @tn2920
    @tn2920 Жыл бұрын

    I woke up on General LeMay's birthday in 1993 at zip code 19055, and didn`t believe in God anymore. By the end January of 1996 the place where this happened at, burnt to the ground.

  • @nyssalikesbugs
    @nyssalikesbugs2 жыл бұрын

    i need his teeth

  • @danielchang4671

    @danielchang4671

    Жыл бұрын

    For the federal reserve

  • @sebastiandabrowski5639
    @sebastiandabrowski56392 жыл бұрын

    USA CAN'T STOP QE NOR RAISE THE INTEREST RATES EVER, UNTILL VERY BIG BANG😂😂😂

  • @gabrielcortes6543
    @gabrielcortes65432 жыл бұрын

    you can tell he has been through so much stress

  • @tylerwatkins341

    @tylerwatkins341

    2 жыл бұрын

    The stress of print billions in QE and giving up trillions in bailouts. 🤣

  • @Hunter-sm8nd
    @Hunter-sm8nd3 жыл бұрын

    An American hero.

  • @tylerwatkins341

    @tylerwatkins341

    2 жыл бұрын

    False

  • @anabsolutejoke

    @anabsolutejoke

    Жыл бұрын

    he stole my teeth

  • @bleedingred-white-blue8749
    @bleedingred-white-blue87495 жыл бұрын

    why is fed the so scary from inside?

  • @conservativecoffee7121
    @conservativecoffee71212 жыл бұрын

    You can hear his lies....

  • @etfbit
    @etfbit2 жыл бұрын

    Architect of the House of Cards...when America collapses - this man must be held accountable.

  • @AAK-ne4wv

    @AAK-ne4wv

    2 жыл бұрын

    I don’t disagree with you, generally speaking, but this is a man who was brought in after the fuse has been lit. He is was the right man for a very tough job and he, alone (as head of the fed) didn’t have the authority to overhaul the banking system. I can explain but am not going to into a long response here but can if you want to discuss.

  • @dragonlaughing
    @dragonlaughing5 жыл бұрын

    What is Bernanke doing in the US? Has the statute of limitations expired? Oh, this is a historical video.

  • @douglashagan65
    @douglashagan652 жыл бұрын

    He was one of the best economist there was he was able to quiet down the financial markets and able to ease the deficit but now since his retirement were really were really out of whack right now and we're we're spending money at rates beyond contemplation we are now at way over 100% GDP which means that the inflation now is a headwind is beyond and this is hitting our stock market right now as people see almost every single stock in the red we are coming out of a secular bull market going into now a long-term I don't know how long but we are going into a secular bear market which has a huge a headwind and this is the inflation not only that we have over evaluation of the stocks coming off one of the largest longest bull runs okay 78 year bull run which has got the stocks overvalued so now what happens is you're going to see when you buy these stocks you're seeing at least 25% dumb to what they should be and then you're looking at the impact of inflation which is going to drop it down another 15 20% that's why you're seeing these stocks right now going back to about a 50% drop this is where the stock really should be at a buying entry point people aren't seeing that so if you don't buy a stock like Facebook at $150% off sale you know a 50% off on the dip you're still paying too much at 50% dip because let's see the stocks 170 maybe that stock should be around maybe 225 so if you get it 170 you're going to maybe below where it should correct to figuring inflation and the debt all this stuff that's going on the headwind so that then you have to wait for the time frame because now we're in this secular bear market so it's hard to make money during the down market so the only way you're going to do this to accumulate during the spare stage I figure if you could hold on through this bloody. Which is going to be agonizing and painful beyond belief hardly anyone will hold on once they see their stocks fall beyond 50 to 60% but you're going to have to and then you're not only going to have to do that but you're going to have to actually buy stocks in a bear down market where it's falling now that's going to take tremendous courage but this is going to take you in out of the bear market eventually God knows when that'll happen but you have to wait whatever maybe a five-year time frame at that point you are going to be in another bull market hopefully and some type of recovery some of these bear markets can last up to 20 years I want the stock market crash at 29 over 20 years before recovery since buy and hold mentality doesn't work at all that's couple occasions in history where it's been over 20 years before the market recovered after the crash it's fine if you got 20 years but why aren't you you're not 20 years old and you don't have 20 years then then you're not the greatest investor in the world by far no you have a bunch of stocks that you bought when you're 9 years old and you're worth a billion bucks but doesn't mean that you're a good investor now because you're not making any money for the people coming in right now over a 20 or period so you're going to have to change the methodology in which you invest today versus what you

  • @theincredulousrgp6219
    @theincredulousrgp62195 жыл бұрын

    This is just about the most laughable puff piece ive ever seen

  • @Goran.Ivancic
    @Goran.Ivancic4 жыл бұрын

    So basicaly he went to college and all that so he can say printing money is solution. LOL

  • @tylerwatkins341

    @tylerwatkins341

    2 жыл бұрын

    AOC went to Boston college and thinks the same way. 🤣

  • @dushyanthsubu6208

    @dushyanthsubu6208

    Жыл бұрын

    Learn a thing or two about money supply. Take basic macro Econ and come back to this comment

  • @rodolfolinares8254
    @rodolfolinares82543 жыл бұрын

    Aight as much as I love how transparent this dude has made things, could be be anymore Jewish?

  • @sourstrawberry6636

    @sourstrawberry6636

    Жыл бұрын

    You have to be jewish to be in charge of anything relating to monetary system. This guy has a seat on the table and acts on what they vote.

  • @amyreynolds3619

    @amyreynolds3619

    Жыл бұрын

    That's an inaccurate and bigoted statement. He's a cousin of mine and take great pleasure in reporting your comment 🙄.

  • @John_Lee_

    @John_Lee_

    3 ай бұрын

    @@sourstrawberry6636 And yet he graduated MIT and you didn't

  • @nesiansides7133
    @nesiansides71332 жыл бұрын

    And still ain't regulated.

  • @nofood1
    @nofood14 жыл бұрын

    clown

  • @fabienmerteuil6226
    @fabienmerteuil62264 жыл бұрын

    He made it worse 👍

  • @barryweiss9977
    @barryweiss99773 жыл бұрын

    MILTON FRIEDMAN