Build and trade 𝐪𝐮𝐚𝐧𝐭 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 with no coding - composer.trade/finaius

@william1863

Жыл бұрын

I wonder does anybody ever read the book Ecclesiastics might be a good time now , make sure you read it to the ending of it to get a good INSIGHT. CHEERS

@oldschoolguy80s

Жыл бұрын

Best financial video channel on top of my list. You have great content. I have watched all your videos so far and subscribed. Will be waiting for more videos. Keep up the good work....👍👍👍👍👍

@AnthonyGerg

Жыл бұрын

Are you planning something on sequioa capital.

Greenspan was a gold standard advocate but mysteriously forgot this stance when he was in office only to remember it again after leaving office.

@retrospecative2454

Жыл бұрын

Isnt that funny how that works

@antoniolima1068

Жыл бұрын

economy bound to a commodity?? historical mind set should be in a museum, not in modern economics.

@slowridefpv9668

Жыл бұрын

^^^ is that you Powell? lol Forced austerity is a bad thing? The dollar should be tied to a measure of something other than thin air or number of digits on a computer at the fed.

@antoniolima1068

Жыл бұрын

@@slowridefpv9668 currencies are bound to trust, mine that, another thing, the World is not USA, silly games on a computer will come to a dead end, suck capital from 3rd world countries and guess here they will fund their economies and don't forget about throwing "allies" under the bus ( EU), next electoral circle socialism and woke will be out of business and dollar with it.

@jkk20

Жыл бұрын

@@antoniolima1068 if money isnt tied to anything tangible. than anyone can print more at will,therefore it devalue past work... a.k.a our work... duh.....

He refused to regulate derivatives years before the crash, warned over and over and let it all happen

@paulnyagini

Жыл бұрын

boring even if he regulated the derivative still the Criss would occur. the tsunami was already on play it was just a matter of time for the wave to reach the us markets.

@farrukhahmad453

Жыл бұрын

Hello You Can Hire me For Asset Manager , Accounts Manager , Tax Maanger We do work With 100 % secretly

@conduit242

Жыл бұрын

And still nothing has been done. Munger calls this “pointless liquidity”

@curtisshawkassociation5276

Жыл бұрын

@@conduit242 You are correct sir…

@riokriok2863

Жыл бұрын

Organized mafia creators of nothing and profiteers of everything

8:37 I didn't know Woody Allen and Alan Greenspan were the same person, now finally many things make sense

@mc-lb9dk

3 күн бұрын

all dyuwhs

Hearing these guys back stories really grounds you. A lot of them were in the same spot as any of us as young men and found a way to climb the ranks.

@johncmoore416

Жыл бұрын

It is about knowing things, knowing how to network, and lastly knowing how to leverage your knowledge and your network.

@TheDCGuitar13

Жыл бұрын

@@johncmoore416 yessir. It still boggles my mind that these guys weren’t robots programmed in a lab but a kid with dreams that were crushed who became an adult that had no choice but to do what they do and thriving.

@oiinahgiiusadurrybrahchuck7209

Жыл бұрын

Ahh yes. Being born to a wealthy Jewish family. So relatable

@s.nawfal6211

Жыл бұрын

He was born to a rich Jewish family.

@ComplexClips

Жыл бұрын

Sarcasm lol

The Fed should never be wrapped up in politics, their job is to control and maintain financial stability, regardless of the political implications.

@anonymousAJ

Жыл бұрын

Their job, like all corporations, is to enrich their owners

@kingali1606

Жыл бұрын

@@anonymousAJ How?

@anonymousAJ

Жыл бұрын

@@kingali1606 Like many progressive-era boards that purportedly regulate some industry, in fact they cartel-ize it. The Fed acts as a "lender of last resort" allowing banks to be insolvent without immediately experiencing bank runs. The Fed exists to stabilize the cartel by standardizing fraudulent banking practices so that a real bank can't drain the specie (gold and silver coin) from banks which issue paper in excess of actual specie reserves. You can judge for yourself whether the gold banks or the Fed are winning that fight

@EvernhamNo9

Жыл бұрын

“The Fed should never” have been created

@camaranpayne5355

Жыл бұрын

@@anonymousAJ you must not be a business owner

The Greenspan's of America contribute towards the economic chaos we all end up suffering from and guys like Alan get to retire and live in comfort for the rest of their lives.

yo man trust me, you are gonna be one of the most succesful creators ever.

@Finaius

Жыл бұрын

Thanks!!!

Paul Volker was right. A balanced budget and frugal spending is the best way to mitigate extreme economic boom and bust cycles. Put simply, at the individual or family level, live within one's means. I'm surprised Alan Greenspan said there are many things economists dont know. I guess he was so intelligent he overlooked the danger of leverage and spending much more than what the US earns.

@Spido68_the_spectator

2 ай бұрын

A government that controls its currency and has debt to itself doesn't have to do frugal spending... as long as it's for productive stuff.

This is the first one I watch about Greenspan. I was begging for more. I think that with the content that you add and your well-balanced narrative style I would have loved if the documentary had been a 4 one-hour episodes series. Hopefully, this was just the trailer. Thanks!

@Finaius.

Жыл бұрын

His rise corresponded with the rapid rise of government debt with also pushed up the asset bubble.

Alan Greenspan loved himself too much. Maybe he needed his father to show him honest character and integrity. How many fathers lose there jobs and still get up.

Great video, I recently read his book capitalism in America. It's a predictably cherry-picked history of the United States. He only mentions the labor movement to talk about the frequency of strikes and does not touch on the violence enacted by the state on to workers at the direction of the companies, he ignores how workers established a 40-hour work week. He often contradicts himself by stating, for example, that Rockefeller was keeping prices low while conceding that he used money to prevent competition that would have driven down prices. He pretty much skips his entire tenure at the Fed, and Praises mortgage-backed securities while ignoring the role they played in the financial collapse. However, he did at least make some good points that were refreshing to see him admit to. He called Republican claims that lowering taxes would pay off the deficit as "putting lipstick on a pig". He admitted that privatizing Fannie Mae and Freddie Mac was a terrible decision that massively increased government corruption. He also admitted that the economic boom that took place after World War II had more to do with Europe and Asia not having any industry to support itself rather than any particular policy the United States was following, and points out that we immediately faced a recession once those economies rebuilt themselves after the war.

@Finaius

Жыл бұрын

👍👍👍

@donnyzavicci8121

Жыл бұрын

He also said that at the fed they answer to no one in the American government.

@gabbar51ngh

Жыл бұрын

He's right regarding Rockefeller.

@jimranallo686

Жыл бұрын

Another example of cherry pickers as you point out... the "gatekeepers" are running rampant in the alternative media as forever in msm... many of the so called progressives are another mouth pc of the organizers of disinformation... It becomes quite obvious when checking family backrounds of some very "belieavable" narrators.... Cheers from México

@davewatts2092

Жыл бұрын

I didn't have the brain or stamina to finish his book or even understand most of what I did read. One thing that did stick was at that time his net worth was 1.5 million dollars. He said that was enough to care for his daughters life and give a good start to her two boys. That would be a sign of incredible honesty in my mind. But think about how after the 2008 crash they pulled him in for some scapegoating. He was asked when he first noticed a problem with the economy and he answered 2003. He retired in 2006 which makes me think he was held back from fixing the problem and wasn't going to hang around. In any case we didn't have any more scapegoating of Alan Greenspan. Now we have this putting the blame back on him.

It's one to thing to lose a husband and a father during a Depression. But just imagine the next Depression, when millions of men have already learned 'The Deal' from social media, no longer wish to even date, and have been preparing for years to stay out here alone. This is not just the legacy of the internet and information, but of a long history of government financial 'architects' such as Greenspan, setting us up for deprivation and despair. Greenback was a genius ... till he wasn't.

@cambash7634

Жыл бұрын

That's the reality. While many men are only a knock on the door away from coupling up, many remember being spurned previously. It's going to be rough for the lower-income women and men.

@Dogen70

Жыл бұрын

Nice

@imthecoolestguy

Жыл бұрын

Bros... give it to me straight, are we gonna make it?

@243wayne1

Жыл бұрын

@@imthecoolestguy Yes. The Bros will, the Hoes won't. Class dismissed.

Greenspan, 82, acknowledged under questioning that he had made a “mistake” in believing that banks, operating in their own self-interest, would do what was necessary to protect their shareholders and institutions. Greenspan called that “a flaw in the model ... that defines how the world works. Greenspan destroyed fair wages and filled the gap with credit creating a pyramid scheme that led to a massive transfer of the nation's wealth from the middle class to the very wealthy few. He explained how the nation was misled about the need for higher payroll taxes that were used to finance deficit budgets. Greenspan deceived the American people into believing that deregulation and elimination of the progressive taxes were going to be a benefit. But instead, they moved our economy into exactly the same condition that existed just before the massive financial failure that resulted in the Great Depression of the 1930s.

@kirilmihaylov1934

Жыл бұрын

Boeing did the same

@davidevans6618

Жыл бұрын

We're Sloooow on purpose ask the Rockefellers. In the military they say "SHIT ROLLS DOWN HILL". What they don't tell you is the HILL IS MONEY. SOMEONE OWN IT, and us via our servitude to it, rather than each other. How about GIVE IT BACK TO THEM. It's not the first time you've heard this. " Give unto Caesar what is Caesar's. The apparatus of his power and controls, the money. Squirrels don't pay rent and the experts are baffled. Time banks of ourselves USURPED. and to be free, we need them back. Money gives them the right to " treat you, they're the boss, but they don't know money is the boss of them, someone else owns them with also.. See how all this works ? 1+1+1=3. 1+ 999,999,999 = 1,000,000,000. 1 with their own legal tender of 999,999,999 = 999,999,999 in servitude to the 1 with the law says you work for me. Show me where freedom can be found anywhere in that math ? We're done, because we said so, choice made, we're picking roll to someone else's DIE.

@TheSmartLawyer

Жыл бұрын

Progressive taxes are regressive and ruin the middle class and prevents the growth of individuals and small businesses. Nice try burying that in there

@gabbar51ngh

Жыл бұрын

The great depression didn't happen due to deregulation or progressive taxes rather government pulling the interest rates up. This led to less borrowing and cash flow in the market was restricted. US today has tonnes of regulations and progressive taxes. They aren't doing any favour to the economy or over-all growth at all. Infact US growth is far less than what it used to be.

@kirilmihaylov1934

Жыл бұрын

@@gabbar51ngh wrong

Woody Allen as Allen Greenspan …. Epic

@farrukhahmad453

Жыл бұрын

Hello You Can Hire me For Asset Manager , Accounts Manager , Tax Maanger We do work With 100 % secretly

Woody Allen is basically Alan Greenspan. 😆

@kingstonstreet3726

Жыл бұрын

I was thinking the same thing but I don’t think it’s compliment

@diabolivirtusen-tavares-ea4645

Жыл бұрын

j e w

@ohio72213

Жыл бұрын

That's what I'm saying lol there's no way these guys didn't see that

@ohio72213

Жыл бұрын

@@kingstonstreet3726 it certainly isn't lol

@rickiesmith413

Жыл бұрын

Woody Allen, did he marry his step daughter or adopted daughter?

Alan Greenspan, the Woody Allen of the financial world.😂

@jerseycatmews828

Жыл бұрын

8:50.you beat me to it

@ohio72213

Жыл бұрын

I'm just thinking about the people that made this video and if they didn't realize just how crazy the resemblance is to him or if they just said "eh who cares"

In 2007, I had been following Ron Paul's campaign and was reading websites outside the mainstream. I learned the stock market was headed to a collapse not seen in decades. I moved all my 401k holdings to conservative funds. I lost nothing, mine increased. Everyone I knew lost on paper 15 to 25% on paper. Bush junior's treasury secretary on his knees, literally, begging members of congress to pass TARP which failed, but went through the second time. The lesson wasn't lost on me. I ignored the wall street journal, NY times, wash post, etc. I had already junked television in the 1990s but I then realized all corporate media is corrupt.

@Finaius

Жыл бұрын

Wow, what an experience!

@TheMweezy28

Жыл бұрын

Hi Joe, what is a conservative fund?

@joeharris3878

Жыл бұрын

@@TheMweezy28 interest-bearing instruments rather than stock

@donthomason8409

Жыл бұрын

Joe Harris Ron Paul would have made a great president he knew what was going on that's why he wanted to audit the fed but he couldn't get any support from congress

@joeharris3878

Жыл бұрын

@@donthomason8409 Ron Paul was the only political candidate I have ever supported: I donated a few hundred dollars for his first "money bomb" during the 2008 presidential campaign.

Another great video! You have to keep these coming, I know for a fact you could be putting out more content! We appreciate it! Keep it coming!

THE FED HAS ONLY HAD JEWISH HEADS SINCE ITS CREATION. Let that sink in

@knightrook4264

Жыл бұрын

Paul Volker was not Jewish, nor were many others, nor am I, and you are paranoid. Let that sink in.

@jimih7811

6 ай бұрын

EXACTLY !!!

@user-tp1zq6ey9j

Ай бұрын

I would say zionist heads.. bent on ruling the globe.. Roth schild financed zionazi takeover of palestine.. Roth schild & rockefellers created the fed and central banks 1 & 2 before the fed.. okayed by wilson 2 days b4 xmas CBD central bank dynasty are in control of all central banks but no korea ccp. didn't used to have debt.. now they do..

@marylouleeman591

20 күн бұрын

This can be a good thing. They have to have a heart.

@user-tp1zq6ey9j

18 күн бұрын

associated with the red shield banking empire

It's insane to see how far this channel has come.

@mimusic1853

Жыл бұрын

Till a KZreadr with some real numbers and credibility fact checks him and calls him out for being frothy

@243wayne1

Жыл бұрын

@@mimusic1853 It's all accurate. Don't be a simpleton.

I just wanted to tell you keep going on making the videos, You did a great job. I always listen to your videos with inspiration

Need one on Bernanke as well. QE king who drove us to the tipping point of becoming the 90s Japanese economy.

I love the production of this channel, the music, redaction and video tapes. Luckily I discovered it. Please never stop creating this kind of masterpiece

@SSNESS

9 ай бұрын

Sexophone

I'm happy I found your channel. Incredible production values and you lay everything out in a manner that is easy to follow.

@SSNESS

9 ай бұрын

Woody Allen

Love this channel. Always great in depth content.

@shehuyakubu3751

Жыл бұрын

Question is, is it just another jake tran? "What do you expect from a channel that teaches you how to be evil)...

@farrukhahmad453

Жыл бұрын

Hello You Can Hire me For Asset Manager , Accounts Manager , Tax Maanger We do work With 100 % secretly

@farrukhahmad453

Жыл бұрын

Hello You Can Hire me For Asset Manager , Accounts Manager , Tax Maanger We do work With 100 % secretly

200k subs woah remember when I found this channel great work it was obvious it was going to happen with this quality of content

Wow what a documentary! It is so important to see the history of easy Al who started the financial mess we are currently in.

@anjilala

6 ай бұрын

It's easy to blame that 1 person instead of each single individual person who borrowed money without any buffer to support themselves in hard times. Easy to blame Al, hard to take individual accountability.

Your videos are insanely well made, can’t stop watching them. Just incredible. Well done 👍

Your videos are super underated and amazing! Please keep making these they are really educational.

Many thanks for filling in this part of my naivete about economics, Wall Street, the Fed, and politics.

This guy is amazing (I mean the guy who makes these docs) THANK YOU ! You are gifted and talented AAA+++

I Like how this biography is done. .make More of these!! Hope you can make also about raytheon.. those weapon industry tycoons!!

@Finaius

Жыл бұрын

Of course. I'll eventually get there.

You put a lot effort into your videos. Thank you for the education and viewing pleasure

Man, I’ve watched a lot of your work, really good stuff. I like your style.

as my interest in Finance I got hugely addicted to these videos man I watch them every morning with cup of coffee and take nodes ..I think you are using un real engine for some footages .. the animated footages and your narrating style with music makes no less than Hollywood product

People loved Greenspan as long as the market kept going up and up--although it was obvious that valuations were very high and credit was flowing into the market (people borrowing money to buy stocks/mutual funds as well as using traditional "margin") this has been shown to have been a predictor of troubles ahead many times I believe

These videos are so well made. Big thumbs up!

LOL ... back when i studied in the US in year 2000 everybody basically says alan greenspan is the US ' economic sage and the reason why america is the greatest nation on earth.

@derrecktaylor8817

Жыл бұрын

Yes, you are so right, I remember this vividly!

@ey67

Жыл бұрын

Not everybody

EXCELLENT opening!!! 😮 As per the usual, GREAT editing overall!!!

People don't realize Alan was an Ayn Rand style Sound Money/Gold Standard enthusiast. The closest thing we had to this recently was Dr. Ron Paul.

@Finaius

Жыл бұрын

Yeah, but Greenspan changed his principles because of his own political ambition.

Keep up the good work!

@Finaius

Жыл бұрын

😆

Hats off to all associating members who has contributed to reach this level of Outpuf Much better than a Netflix Series. 😍

Bro. I was so happy seeing you put a new video 📹 up. Love the content bro. It's almost like Crack for me.

@Finaius

Жыл бұрын

How do you know what crack feels like 😂

Your approach and execution to these videos is without peers. Simply great, amazing work. I would like to second the comment that you should give thought to doing a video on Warren Buffett. Even though I have most of the books published about him in my home, I think your talented, unique approach and style would give a much needed boost to a subject most of us are familiar with. Thanks again for providing us with content and depth that is sorely lacking in 99% of all but the best videos.

@Finaius

Жыл бұрын

Thanks. I'm actually doing one on Buffett. There are so many videos of him online. I want to make this one unique.

@shounakchatterjee1823

Жыл бұрын

@@Finaius Hlo, to be very honest ur videos are really amazing. Will u pls make one video on Rothschild family ?

You left out his admiration and connection to Ayn Rand?..that would speak volumes of what his beliefs were

Truly enjoy all of ur content, buddy, keep up the great work!

I think This will be next soon one of my favorite channel.. nice content!!

if economic plunderers have a rank... Alan Greenspan would be a 7 star general, besting all criminals

@BobQuigley

Жыл бұрын

If Greenspan is a General Milton Friedman is Emperor.

@misterx6276

Жыл бұрын

But far behind Hyman Roth...

@hajijalaldarvish7350

Жыл бұрын

‘Economic plundering’ is such a juicy concept lol . He certainly looked like one. A quagmire of deception. Kissinger and Brezensky are other high ranking bandicoots of that era.

@kirilmihaylov1934

Жыл бұрын

@@daotheeternalnamelessbeyon8778 progressive reforms.....

@kirilmihaylov1934

Жыл бұрын

@@daotheeternalnamelessbeyon8778 progressive side reforms means something completely different

everything you need to know starts at 21:23

@Finaius.

Жыл бұрын

The best documentary on Greenspan I have seen.

You should set up and promote a Patreon. I feel like a lot of people would support this work. Myself included

@jackhogan5763

Жыл бұрын

Yup

Greatness in progress 💯💯💯

Love your ability to tell great stories. I wonder why you just don't say it like it is? Overturning the Glass Steagall Act was a great example of corruption at the highest level. Also, I still don't understand why any government would need to be loaned money with interest? That interest will never be payed back unless the government borrows more. Isn't that called a contract debt slavery system? Could you make a video about the history of the Federal Reserve and where their money comes from?

@leoxd7029

Жыл бұрын

It’s designed in a way that the „Money system“ isn’t directly tied to the government and has a separate decision maker in it apart from the president. So there is not just one central power but multiple entities that function independently. The fed doesn’t just lend money to the government, the Fed funds rate also determines the price of money for consumers. A good example for why that is necessary was said in this video, The Fed chair chose to counteract the president, because he wanted cheap funding for the war, but that would’ve turned on the afterburner of inflation. so their choice was between helping fund a war of the government or regulate inflation which otherwise would bankrupt most Americans and would devalue the dollar far too much. They chose Americans over the war. Furthermore the government gets the bulk of its „revenue“ from taxing the citizens, sadly especially the most productive ones (in democrat states) and also through private investors who invest in bonds. So yes, they can pay it back. The U.S. government is considered a very safe borrower, because it historically never defaulted on its debt. But they keep borrowing money of course to fund public spending, which is often very inefficient in terms of ROI, which means the investments were not very productive. In other words, the government is a shit investor.

@mikeschmitty4438

Жыл бұрын

the fractional reserve system is the oldest ponzi scheme ever

@timothyrday1390

Жыл бұрын

That is because governments don't create money, so they can either tax to get funds or borrow. The Fed actually allows the government to borrow at historically lower rates than governments who did not have quasi-public central banks at their disposal. Central banks allow governments to borrow well beyond their means, so your question just goes to show how untethered much current thinking is regarding public finance. The overspending/monetization leads to more debt, and too much debt has always led to slavery. Historically, imposing limits on governments' abilities to tax and borrow has ensured that populations do not get reduced to penury or slavery.

@surfallday6583

Жыл бұрын

Bill Clinton was instrumental in the 2008 catastrophe. He is a stooge of Wallstreet greed.

@yossarianmnichols9641

Жыл бұрын

Yes, Clinton signed that repeal. The Rebublicrats strike again. They also deregulated the commodities exchange so you could arbitrage oil futures and pork bellies and no one would be the wiser. They stopped reporting trades to a national clearinghouse.

Great Video. When you refer to the demand shock and inflation, all I could think of was this past year. Would love to hear your thoughts on if raising interest rates now is the right idea considering it's mostly a demand shock

@farrukhahmad453

Жыл бұрын

Hello If you Need Asset Manager , Accounts Manager , Tax Manager So we Do Work With 100 % Secretly

Great job, man. You are great at this

Another Superb video! Keep up the great work

@JacobOmard

8 ай бұрын

L❤😂

Most likely he knew the harm he was gradually doing but the adulation and riches he was getting from wall street were “too big” to turn down

Do Arthur Burns next, I feel like many people will find that relevant to the events of today. Fantastic content!

Greenspan played the low interest rate game. But we’ve been doing this for decades. Greenspan didn’t start it off

Cheers from Panamá 🇵🇦

From Paul Walker to Green span we can see how hard times create great men and great time creates worse people.

@porkyfedwell

Жыл бұрын

Volcker, not Walker.

@abethereal

Жыл бұрын

@@porkyfedwell😂😂😂

@Queen-bt8hl

Жыл бұрын

Paul walker😂😂

I just found your channel. Wow. You are phenomenal

Bro this was really interesting, you are a n artist🙆🙆👌🏽👌🏽👌🏽🙆 This better than Netflix, it's informative and entertaining!!

@Finaius

Жыл бұрын

Appreciate it

love your content bro would like to see Joel Greenblatt and Micheal Burry next .

So he allowed banks to merge and they bought so much real estate with customer money that when the housing market crashed, they lost all of their money?

Desperately waiting for the next video, being a student of finance i love ur videos

@masculinewisdom-

Жыл бұрын

.Tell Max I link you for something new and profitable!♥♥

Love this channel. You're good bro.

You are a magnificent storyteller

great job as always, I would love to see a Warren Buffet video Thanks

I really enjoyed this one :) your on a role 👍 this was really good 💎

Those videos are so good. I wish he would upload a little bit more frequently

Thanks!

Alan "see no evil, hear no evil" Greenspan

@farrukhahmad453

Жыл бұрын

Hello If you Need Asset Manager , Accounts Manager , Tax Manager So we Do Work With 100 % Secretly

Your documentaries are top notch.

Just got the popcorn ready when I say FINAiUS dropped a new docu!

you're talking about alan greenspan but constantly showing woody allen, was kinda weird, but good video anyway

@Finaius

Жыл бұрын

Yeah, I was told by a friend that Woody Allen would play Greenspan well in a movie. haha.

Choosing Woody Allen clips was an oddly inspired choice.

@rickiesmith413

Жыл бұрын

I agree

Great video. But I think the most extraordinary event is yet to come. The ground work has been laid. We need to ask, who really controls things? Anyways very insightful video. Some of us were concerned about things that happened and the manipulation that was carried out throughout the industry.

I really love your videos! Awesome awesome channel!

It is true he controlled it, I wonder what he would have done after the crash if he was still in control of the federal reserve. Great job many details I never knew about before.

@rahulsampat8698

Жыл бұрын

He would have done the same thing... print more money... lol...

Love your storytelling. Could you do one on Jack Ma? I feel like it’s so hard to get information on him.

@farrukhahmad453

Жыл бұрын

Hello If you Need Asset Manager , Accounts Manager , Tax Manager So we Do Work With 100 % Secretly

Greenspan spoke gibberish designed to leave us wondering what the hell he was talking about. So naturally he was labeled a genius when it came to economics. Like all economists, Greenspan always concluded his remarks by stating, "On the other hand... ." The real key to a healthy economic is simple -- spend less than you take in. It applies to individuals as well as countries.

@diabolivirtusen-tavares-ea4645

Жыл бұрын

that j e w

@mvs9122

Жыл бұрын

We as a human society needs heros and leaders, unfortunately in the process we turn a blind eye on the amount of power we bestow on few AND we we also trun a blind eye on their shortcomings and failures.

Excellent work!! Great channel great content

This is amazing work you did again ❤🚀❗

Starring Woody Allen as a young Alan Greenspan.

@unatrader108

Жыл бұрын

@FINAiUS 𑁕𝟭 (𝟰𝟳𝟵) 𝟳𝟱𝟱-𝟯𝟲𝟯𝟵 Why would I do such a stupid thing

These are great videos! Keep it up.

we need more of these vidoes - thank you

@masculinewisdom-

Жыл бұрын

.Tell Max I link you for something new and profitable!♥♥

If you look up his early life on wiki. It explains everything…

Greenspan's last comment demonstrates how he thinks even still that "he" was all economists. "What do we economists really know, if we didn't catch this?" Ummm plenty of fucking economists realized what Greenspan was doing from the time he began after Volcker... the same thing since 1908... A cycle of higher interest rates... then at peak interest rates to boost the economy these interest rates are lowered... and lowered... and lowered each time providing the short term sugar rush boom. That is always followed by a mountain of debt (that's how money is created into our system)... that cannot be repaid (the bust)... and at times it can lead to inflation... so then there is a tightening period where interest rates are hiked. Leading to a recession in order to maintain price stability. He got the golden goose of super high interest rates to end the 1970's Arthur Burn's induced stupidity stagflation. Something that should have been discussed, including Burns (then Fed Reserve Chairman under Nixon) CPI that Burns gutted and started excluding over 72% of what was in the CPI out of it... giving false nonsensical data that would show no inflation. Then he had to backtrack and r-add various items back into the CPI formulation. Volcker had interest rates higher than 20%... Greenspan's boom was simply reducing that to 1% over a period of 20 years... To add, doing what everyone else had learned and protected against with the Glass-Steagall Act... having that removed allowing monopolies to become a thing again, no more trust busting and we damn sure no Amazon to Microsoft to Google to Walmart, etc. etc. many other companies are outright monopolies and shouldn't exist as such both vertical and horizontal. Allowing stock buy backs to become a thing when prior they were mostly banned as they add absolutely no value to anyone workers or investors other than a short term buying frenzy to lift stocks for a short period so short term equity holders and options holders can cash out quickly while the short term buying frenzy of the company buying back shares happens. A complete scam... hence why they were very rarely allowed unless the company was literally buying itself into a private partnership, buying out all the public float and ending trade-able shares. The commercial banking and deposit banking having a firewall so deposit bank money was not utilized to speculate in securities of any kind, only to produce loans both signature and collateral loans for business and individuals. Commercial banking generally with those willing to risk their deposits on speculative potential pyramid and ponzi scheme like junk could do so at their own risk keeping everyone else from suffering the ill consequences of such scams. All this was undone during Greenspan's era and with his support. He lived thru the lowering of interest rates from 20% to 1%... no kidding equities went to the moon... that's debt binging money creation like never seen in US history. Japan did the same during the late 70's and thru the 80's culminating in their still continuing malaise that started in 1989 their stock market peak still even today 2022 has never achieved to break even. Everything he thought he "knew", rather thought, was wrong. Dead wrong. Ayn Rand lunatics with delusions of being some Morgoth of Arda or Sauron the swine robber baron like fat nosed JP Morgan or other of the ilk... no wonder he endorsed monopolies... the very thing that contradicts competitive market principles that is at the heart of the only good that so called "free" markets perform at all well... competition. Only reason a competitive market principles work is to have competition. Greenspan was a horrible egotistical lunatic who still thinks he was the economists economist. It escapes him completely to realize that many economists were warning his stupidity has already been done several times all thru the 1600's 1700's 1800's (1800's is cute because half that century the USA was in a recession, depression, long depression, or a panic). And complete culminated in the 1929 crash... hence all the reforms that included FDIC deposit insurance on money at the bank so we don't lose our money should a bank go bust... The National Labor Relations Act of 1935 which fully legalized unionization collective bargaining for all sectors of the economy.... the social security program to ensure elderly aren't left as bag women wondering until they die in the streets in parks and in ally ways... initially the Housing Act of 1937 updated several times during FDR's administration and into the 1960's into the HUD Act ensured affordable modern housing complete with actual foundations and floor boards, utilities including water, sewer, and electricity... even during the so called boom 1920's the vast majority of Americans lived in what we today would called hovels or slums apartments lacking water, sewer, electricity many of them dirt floors... shacks. All these things were either mostly or completely abandoned or undone. And we stand in amazement wondering why inflation is now sky high... why even prior to the pandemic millions of families live in their cars, tents, or an RV... KOA campsites of all small towns and larger cities get flooded with tenants the moment they're made as the vast majority of people cannot afford to borrow for a home, nor pay the rent prices despite working full time or even double or triple employment. We stand in amazement on how younger people die as they cannot afford critical medical supplies like insulin as they ration the amount... despite every other nation on this earth that has a form of universal healthcare and a pricing allowance knowing exactly the margin and costs to produce such medicines... not surprisingly the US medical supplies and services exceed these profit margins by 100's of times. Yet we have fewer clinics, hospitals, staffing levels, lag in test results, etc. etc. the worst care possible at the highest price possible. Any foreigner first told the price of our ambulance for one ride to the hospital... are surprised that a taxi cab (a luxury service) is cheaper... but it's emergency? So do you pay a lot of fire service too? Which fortunately the robber baron's have not privatized that.... yet.

@Finaius

Жыл бұрын

I appreciate your input on this!!!

@Stockavelli

Жыл бұрын

Quite a yarn you’ve spun! In a good way! Interesting read

@antoniolima1068

Жыл бұрын

well done, American society is going back to 1800s.

@waldilovaszi8956

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Who should pay for health insurance,affordable housing....and maybe(why not) an universal minimum income???And if you provide all this,who will clean your sewers,empty your garbage or work 12 hr shift for a minimum pay...so you can get your iphone at a minimum price??? Monopolies are usually the result of competition,not allowing them would mean limited competition....and so would be the situation with the limitation of profit from the pharma industry.Don't believe me???loook at the "progress" done in the antibiotics sector that stagnates for years...why??because it is not profitable A society based on a nightwatchmen state, Individualism,libertarianism,voluntary asociation and self interest is the fairest type of society that exists.Eat or be eaten,get the prom queen or the ugly duckling...all depends on you...and the society has no obligation to provide them to you. p.s...btw,what is the price of a glass of water in the desert if i am the only one that can provide it

Can`t wait to see it....

Great job!

Great vdo. I think Paul Volcker was a very wise and intelligent guy when compared to Greenspan. Volcker must have feared debt but Greenspan thought it to be a genius thing. I think everyone respects Volcker, Greenspan is doubtful though.

@subrotoxing8214

Жыл бұрын

back when i studied econ in the year 2000 my macroecon text book actually denounce paul vockler's policies as the reason why the US had recessions. and without mentioning another name it basically praised alan greenspan. whoever i talked to about economy they basically praised alan greenspan. the economy was flush with credit and everyone had well paying jobs. Alan Greenspan was God, longest reigning fed reserve chief clinton george bush all kissed his pinky ring...

@donthomason8409

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Volkmer and Bernanke are crooked as hell

@e.sanoop110

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@@donthomason8409 Paul Volcker was successful in bringing down Inflation, if it wasn't for him, then there would have been Hyper inflation and economy would have collapsed like Venezuela, Zimbabwe, Sri Lanka etc. So Paul Volcker did the right and wise thing during the 80s.

@donthomason8409

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@@e.sanoop110 I'm sorry I had him confused with some one else, yes he was a great man

@antoniolima1068

Жыл бұрын

one had integrity and love for a Nation of people, the other a power monger that saw in debt a way to siphon wealth to US corporation leaders from the globe.

Born in 1926, this gargoyle is still alive

@misterx6276

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The crappy seem to live forever and haunt us...

@diabolivirtusen-tavares-ea4645

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yep this j e w

@edgardovillacorte7012

Жыл бұрын

Amazing he is not yet afflicted with Alzheimers

Another Spectacular video,thank you

Great work. This was excellent.

I love your video's more than my crush.

@Finaius

Жыл бұрын

Don't tell her that lol.

@lakshaybansal5337

Жыл бұрын

@@Finaius she already knows that 😂😂

It bogles my mind how people like him who have been so wrong and destructive can look in the mirror. Rumsfeld was another one.

@MARZOSIRUS

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I can't stand Greenspan as I do blame him for the millions of Americans who lost their retirement due to the financial crises. Also millions who lost their homes. Obviously the Fed has a huge influence and control of the U.S. economy and to some extent the world's. However the laws are made by Congress and the President. Clinton,Bush the S.E.C and the especially the greedy banks. Profits could have been made without predatory loans. If a President wants millions of Americans to have homes is that wrong? The lenders took advantage of backed mortgages and decided to leverage those mortgages many times over.

@mvs9122

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@@MARZOSIRUS one of the short comings of western democracies is that the leaders are not punished for making bad decisions other than losing their elected jobs (they usually get a more profitable private job) they don’t suffer for making bad decisions. Look at GW Bush, Cheney, Rumsfeld and the list goes on.

Wonderful video. Thank you.