'On The Ledge' Of Systemic Financial Crisis, Fed Is Giving Life Support | Mehrsa Baradaran
Mehrsa Baradaran, Professor of Law at UC Irvine, discusses the risks facing our financial system, as well as the consequences of neoliberalism "looting" America.
*This video was recorded on May 9, 2024
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
0:40 - Evolution of banking regulations
7:00 - Should banks fail?
13:20 - Another financial crisis
17:00 - Insuring crypto firms
21:11 - Capitalism and neoliberalism
26:42 - Wealth gap
35:10 - CEO pay
38:15 - Gold standard
#economy #money #economics
Пікірлер: 719
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
@karenwilliams9653
12 күн бұрын
Invest in real estate, ETfs and high-yield savings account.
@_davidturner
12 күн бұрын
Just buy Gold and protect your assets, the stock market is a rollercoaster.
@esnolgalves3344
12 күн бұрын
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on Etfs and actively managed funds. I am up by 418% in 1 year under guidance.
@karenwilliams9653
12 күн бұрын
how do I get one and interview them? Considering your point I won’t want to get into a bubble. Can you recommend any?
@esnolgalves3344
12 күн бұрын
monica mary strigle is hot topic even among finance elites in lower manhattan. browse, you’d find necessary details.
1. Ask questions. 2. Listen. 3. Follow-up....It's a simple formula that David does a lot better than most mainstream pundits. Thanks!
She lost a lot of credibility when she said oil and gas companies are not profitable.
@geneeverett7855
15 күн бұрын
She said a lot of good stuff then really loses me. She isn’t very informed
It's good to have a liberal point of view sometimes. Shows how wacked they are.
@leroyjones6170
17 күн бұрын
Whacked indeed
@jokerwero1986
16 күн бұрын
Criticizing without an actual specific criticism! You sound like a coward. Please be more specific next time and stop wasting my time by making me reply to this garbage of a response 🗑️
@johnanon658
16 күн бұрын
Was she? Sounded like she was standing up for “real capitalism” about like a conservative. What was she saying that was “liberal.”
@fredcrossman5133
16 күн бұрын
No she is definitely wacked. Should have worked for a while before teaching to learn what it is like
@user-hm5zb1qn6g
16 күн бұрын
@@johnanon658 she repeatedly explicitly stated or inferred her loathing of "dirty" profits. Eg. Exxon. She's blatantly anti-capitalist.
I definitely not buying her book.
@Gus_Magnus
16 күн бұрын
We doubt you read at all.
@user-hm5zb1qn6g
16 күн бұрын
@richard: Look at the bright side: her book doesn't feature any waving arms.
@richardfranc8512
15 күн бұрын
@@Gus_Magnus I read regularly, and most books are useless info. You can learn more from the internet nowadays. You start reading and you will see what I mean.
Yeah, no. The government is not, in fact, the answer to all market problems.
@leroyjones6170
17 күн бұрын
But but muh spendin.!.!
@user-qj6vg8gp3l
16 күн бұрын
She's a dingbat that literally doesn't understand that the Fed is not part of the government, the Federal government does not print money, and how banking works. Sort of unbelievable.
"Government can just print all the money it wante." This woman sounds perfect to "work" in government.
Quoting John Maynard Keynes as this woman does is a red flag. And she keeps saying, "Well, we will just print more money." That MMT ideology is what has gotten us into the trouble America is in today.
@imjustalilbit
16 күн бұрын
Dont shoot the messenger
@PolicyFailureIsExpensive
16 күн бұрын
I agree. Part of the problem has been super loose money. Another part of the problem has been that this money seems to go to plugging financial losses of asset purchases rather than to enable new productive investment. Sending money to an insolvent mortgage loan means an investment (particularly, specific financial security) deemed poor by the market is made good by a nonprofit-focused entity. It shifts (not covers) the cost of poor allocations of resources. Do you need printed money if you consistently deliver value and manage your finances to reduce risk of illiquidity as well as insolvency?
@eu7435
13 күн бұрын
@imjustalilbit - Did you LIKE paying more for everything these last 3 years? Thank the MMT (Modern Monetary Theory) supporters like this woman for the inflation we have today. We printed up 30% more dollars than ever and look at the results it's still giving us. Sorry, we can't just print our way out of debt, as she nonchalantly insists we can.
@eu7435
6 күн бұрын
@@imjustalilbit - This "Messenger" came close to being the one pulling the levers. And she could be the one printing us into oblivion in the future.
So free money for the banks, high rates and inflation for the rest
Yeah, I think we dodged a HUGE bullet by not approving her nomination.
What did I just watch? My blood sugar dropped a hundred points just trying to keep up with her hands.
@superflee12
16 күн бұрын
🤣
@feelnrite
16 күн бұрын
Women are crazy now.
@littlebitmckee8234
16 күн бұрын
I enjoyed her animation. I am watching this at midnight and she kept my attention.
@30guarino
16 күн бұрын
As an Italian I can relate lol
@tactileslut
16 күн бұрын
Imagine if the camera had been positioned to show the rest of that motion. Bring back 4:3.
LooooL if you want to fk bail out the banks, at least send the management to jails? Why the fk no one is getting penalized for taking shit ton of risks?
The self regulation of banking should include that the risk and burden of failure of any one bank should be the responsibility and cost to the potential profits of all other banks only, not the general public via government intervention. It’s time they participate in their own housekeeping at their own cost.
That plant is begging for water.
@Zanzan8
17 күн бұрын
😂😂😂
@melsenbabe
16 күн бұрын
Sorry for the plant, but according to J-Pow, liquidity is scarce: "financial conditions have tightened significantly over recent months"
@TheMostPwettyiestPwincess
16 күн бұрын
@@melsenbabe 🤣
Great interview. I think she misrepresented Milton and definitely Gold as the cause for WW1, WW2 and the Great Depression. I think she’s a perfect example of the academic that is incredibly biased.
@trapOrdoom
17 күн бұрын
Interesting. Have you heard when Professor Hanke is on here? He’s an academic also, and yet is clearly biased towards reagonomics. I never hear anyone say this though.
@ransonhall4834
17 күн бұрын
@@trapOrdoom yeah I have seen multiple interviews. I saw him on with Peter the other day. Bias isn’t necessarily associated with being an academic, though. I guess what I’m saying is she is giving opinions on topics (I don’t believe) she has sufficiently studied. And as a professor many people will take her opinion as fact, and run with it. More of a philosophical problem, I’d say.
@trailguy
17 күн бұрын
I don’t even give her that much credit. To me it sounded like she read a couple of books and is now an authority.
@user-qj6vg8gp3l
16 күн бұрын
Yeah she is completely wrong about all that. In fact she is wrong about almost everything in this interview, she doesn't even realize that the Federal Reserve and the federal government are 2 separate entities. And that the Fed is the tail that wags the dog, the US government. It's sort of amazing how someone can be in that industry and be that wrong.
@user-qj6vg8gp3l
16 күн бұрын
@@trapOrdoom Because he is much less biased and much better informed than this woman.
How can she say that gold is a corrupt system and you can print money out of thin air that's not corrupt this chick is clueless you need real tangible assets that you can hold in your hand with no counterparty risk
So the solution is to just rely on the Fed to come in every time and print more money to bail the banks out? I don’t understand how you can give the Fed credit for this? It’s not very hard to put a balance in an account and give everyone money with no consideration to the long term risks of this strategy. It’s going to blow up and so it should..
Good stuff, Mr Lin remains the best financial interviewer out there.
@alphaomega1351
17 күн бұрын
And me. 🤓
@Darkskindiplo
17 күн бұрын
Could not agree more
@tbone5654
16 күн бұрын
And Jeff Christian is his best guest that knows basically everything that can be leveraged to make real $$$.
Did she say oil and gas isn't the future
@Aries61
16 күн бұрын
Yes she did!!! . David should have asked her if EV’s, windmills , solar panels and Unicorn-fart-dust are the answer.
@John-dh1od
16 күн бұрын
Yeah that women's delusional. Or has an agenda
This all originated from the year we took the Dollar 💵 off the Gold 🪙 standard back in 1971
@cockyhemi-123
17 күн бұрын
It all originated with the Reconstruction Act of 1871 which created the corporate U.S. Then accelerated with the passage of the Federal Reserve Act and Federal Income tax in 1913, another nail in the coffin was the formation of the BIS (Bank of International Settlements)-1930, top it all of with the Social(ist) Security Act of 1935, then August 15, 1971 off the gold standard. You can fill in the blanks with many other unconstitutional legislative measures like the ratification of the U.N. Charter on October 24, 1945 under commie Harry S. Truman.
@427vot
17 күн бұрын
@@cockyhemi-123 Sounds like you know your history there cocky! Peace
@mateobaysa2055
16 күн бұрын
Is any of y’all attending Uncle Sam’s funeral?
@cockyhemi-123
16 күн бұрын
@@mateobaysa2055 Not sure who that is.
@user-qj6vg8gp3l
16 күн бұрын
No, 1913.
This woman should study Aristotle's theory of money. Currency is not money. She is a Keynesian economist and essentially an MMT advocate. She does not understand that money should have three components: Be a unit of exchange, a unit of account and maintain its purchasing power which Keynesian economists don't get.
@bpb5541
17 күн бұрын
Another great book is "broken money"
@alicecooper9472
17 күн бұрын
California sums it up
@AndyMacaskill
17 күн бұрын
Boom! I wrote a comment which I fear might be deleted, but you've said it in such a way, this comment will be fine.
@bpb5541
17 күн бұрын
@@alicecooper9472 MMT is nonsense ... we proved it.. inflation is an issue.
@prolific1518
17 күн бұрын
As the global reserve currency, the dollar does maintain power. You call it purchase power because you want to ignore the ability to export inflation. At the end of the day, the global reserve currency can't go bust until there's an alternative. There won't be an alternative as long as the US is the world's biggest terrorist organization.
52 long years of printing money and debasing our currency from $1.00 to just 4¢!!!
@tbone5654
16 күн бұрын
But yet I'm richer than I've ever been the and the technology around me is just amazing.
@Youknowwhatscoming
16 күн бұрын
@@tbone5654only few benefited. That doesn’t mean everyone is feeling the same. It’s not a sign of a great country
@itsallminor6133
16 күн бұрын
The number doesn't matter. It's the standard of living and what it buys that matters.
@wasdwasdedsf
16 күн бұрын
@@tbone5654 no youre not... theres been 0 real wage growth for half a century despite huge technological progress...
@wasdwasdedsf
16 күн бұрын
@@itsallminor6133 yes, we agree... and its the result of the worst and most inefffecient organisation in human history that have resulted in half a century of 0 real wage growth
Strongly disagree with her take on "money wants to be flexible"...."money doesn't need to be scarce, money can be abundant". Inflating the money supply is at the core of why the wealth gap is expanding. She sounds hypocritical.
@Aries61
16 күн бұрын
Wait a minute bro, she’s a professor don’t ‘cha know?!?! 😂🤡
@alexanderfuchs4935
16 күн бұрын
Exactly this! I listened to 40 minutes, but when she made those statements about money must be flexible and doesn't have to be scarce, she immediately discredited herself. Sorry, that is just wrong. Gold was not the reason for the Great War and WWII. Wars stop when money is scarce and cannot be created at will. Absolutely agree with what you're saying.
Holy hand gestures. Feel like this was a reiki session for healing the banking industry
@johnanon658
16 күн бұрын
😅
Good interview David, I like that you are bringing on guests with different views on the Economy and the banking system challenges. We all learn everyday. Today this interview validated for me that a California professor should not make monetary decisions.
@williamholden4312
16 күн бұрын
Exactly what I thought, too. “Gold standard lead to WW 1 and WW II.”LOL I don’t know why she just didn’t come out and say she is a socialist.
She’s pretty though
@tbone5654
16 күн бұрын
Always some man that can't hold back the impulse.
@jaymarcase9737
16 күн бұрын
I didn’t wanna say it but she is gorgeous.
@johnanon658
16 күн бұрын
She funny w the italian hand gestures
@funkspinna
16 күн бұрын
@@tbone5654Just how women like it. They crave the reassurance.
@mlbonfox8199
16 күн бұрын
lol
38:54 according to her, its all relative. So all her research is for naught because we can decide whats true. 39:14 there a reason the leader would choose gold as the substrate on which to stamp and not linen. 40:18 maybe the fact that gold cant be extended is why its true money. If leaders in the 20th century respected the fact that the gold money they were using didn't exntend itself for their wars then those wars would've been averted. Her cause and effect seems easily questionable. The gold wasnt corrupt, the people managing gold were corrupt.
@yankeesteve670
16 күн бұрын
Gold=money and that is why IMF count it as money and that’s why world central bank holds it in their vault. She is wrong that gold money cannot be expanded. You just have to re-evaluate gold at a much higher prices but the people who managed gold money does not want to do that because they will be found out that they are trying to print more gold 😊😊😊
fdr confiscated gold at $20.62 & revalued gold to $35
@x1k790
17 күн бұрын
Real gangster sh*t right there.
@sarahlisawall5666
16 күн бұрын
correct
Someone drank their coffee this morning lol
Cocaine's a hell of a drug.
@HA-bc4pc
17 күн бұрын
😂
@John-dh1od
17 күн бұрын
Adderall but same thing
@tbone5654
16 күн бұрын
@@John-dh1od Naa, that's speed.
@itsallminor6133
16 күн бұрын
Definitely on something
@tbone5654
16 күн бұрын
@@itsallminor6133 Latin passion, my father's from Italy and talks talks with his hands.
Her idea of how banking should work is completely unacceptable.
The entire fractional banking system is always based on trust- and so is the US dollar and most of the financial system. I believe the FED is secretly terrified.
@stevenshorten6184
17 күн бұрын
It's also called a Ponzi scheme.
Very interesting interview. But strongly disagree with Mehrsa's hyptothesis that money should be 'flexible'. Not convinced she's truly understood cause and effect of historical economic issues based on sound money.
David Lin just interviewed the speech writer for Kamala Harris. This lady is all over the place.
@williamholden4312
16 күн бұрын
Agree with you. FDIC only has enough funds for 1% of all accounts.
so the answer is counterfieting?
@leroyjones6170
17 күн бұрын
Yes.
She stated Exxon is not a profitable company they've only raised their dividend for the last 50 years. That's where a lot of wealth is made
@user-qj6vg8gp3l
16 күн бұрын
She's a dingbat!
@user-hm5zb1qn6g
16 күн бұрын
She was so busy waiving her arms around that she had trouble making a coherent point but i THINK what she meant was that Exxon's profits are not sustainable (as in, Mother Earth's sustainability) versus, say, solar panels, windmills, unicorn flatulence and hippy intentions which, naturally, will make us free and happy. ...in other words, she's a nutjob.
Gold created a different SET of problems. She is right in the sense that scarcity doesn't solve all problems, but it's a lot better than a fully corrupted system that creates depair amongst the working class.
The professor needs to go back to gold school. Countries can't just print currencies to pay off their debts. World Money = Gold 💰, Gold = Tier 1 asset.
@Youknowwhatscoming
16 күн бұрын
Exactly my point. You cannot print your way to prosperity
@itsallminor6133
16 күн бұрын
You can't eat gold. Gold isn't much good in trade unless you want to carry it around (it's heavy?. ). The value of gold isn't much different than fiat. It has value because people THINK it's worth something. Reality is in manufacturing decline gold is used less, has less value. And relatively to other metals we have realized it's not that rare or useful.
@user-hm5zb1qn6g
16 күн бұрын
@itsallminor: Tell that to the Chinese and the Russian central banks.
@preciousmetals7114
13 күн бұрын
@@itsallminor6133 gold wasn't meant to eat .... and BTW its been working for 5k yrs and you obviously don't understand the qualities of sound money...
Involved with the Dodd-Frank legislation? She’s definitely not a friend to the people. To hell with democracy lady. I’ll give you a couple of quotes. “Democracy is indispensable to socialism.” V.I. Lenin “The end goal of socialism is communism.”- Karl Marx.
@user-qj6vg8gp3l
16 күн бұрын
I will add 2 more: "90% of the work to make a country communist is done with the formation of a central bank." - Vladimir Lenin. "The way to destroy the bourgeoisie (the middle class) is to grind them between the millstones of inflation and taxation." - Also Lenin.
My father told me long ago the Interest is like rust, it eventually takes it all.
@427vot
17 күн бұрын
Never heard that before but eh=what great analogy! Fathers know best. Peace.
@tbone5654
16 күн бұрын
What does that mean for me as a debt free large creditor?
@johnanon658
16 күн бұрын
That why as far back as babylon it was banned
One of the things about capitalism is that you have the right to fail if banks don't do sound money practice they need to fail we need to clear the system of all the banks wrongdoing and start over if we have to
EXCELLENT!!!!!! David, you are the man. She says "The government can just "print the money". Yes they can, and hand the rest of us the bill through inflation.
Oil and gas is for the foreseeable future. She lost me there!
@FiatIsDead
17 күн бұрын
Came here to find this comment.
@prolific1518
17 күн бұрын
You're delusional. Let me guess, you want more coal plants too?
David was kind of tired at the end when she started saying that gold was not money she lost him. He couldn't wait to end the interview.
@tactileslut
16 күн бұрын
It starts earlier than that: check his face just after 22:27
Lots of details left out: The Fed began QE in September of 2019, but yet blames the need for QE on the Pandemic itself? Hmmm. The Fed and the banking regulators changed the laws in January of 2020, lifting the 90%-10% required fractional banking system to 0%. That's right. ZERO PERCENT. That means this whole time they have not had to supply 10% cash liquidity to account holders. ALL of them are insolvent right now.
@prolific1518
17 күн бұрын
The plandemic was just an excuse to do massive money printing. The US was on the verge of recession when the fed started QE in 2019.
@RealLifeFinance
16 күн бұрын
Yup - just being backstopped by Fed
Backstops and printing money is always the answer pretty soon. It will cost you $20 for a gallon of milk.
Banking and government, I finally realize that they are two arms of the same gorilla. Banking regulations just suggesting the money is under the law. But we know the law is paid by the money. So banks and governments are hands of the same gorilla.
@user-qj6vg8gp3l
16 күн бұрын
Yes but not in the way you think. The Fed controls the government, not vice versa. Everyone in the federal government should be considered an employee of the federal reserve, except that they want to keep them as separate institutions. Central banks = central banker control of a country. That is why it is one of the 10 planks of the communist manifesto. Central banks are the heart of communism.
@cainmccallam4710
16 күн бұрын
A zombie gorilla mind you. Lol
@george0r510
16 күн бұрын
@@cainmccallam4710 you both teach a good lesson would anyone in their correct mind, use a gorilla as a sparing partner, especially if the gorilla had a bank industry., and/or government industry, backing it.
@IB4U2Cme
16 күн бұрын
@@cainmccallam4710 Hopefully, I worry about the gorilla acting out.
@nashviet
16 күн бұрын
YES! And they are in cahoots in the greatest taking of all time that has been going on in slow motion, incrementally, under the color of law, made possible by a cultivated ignorance of ordinary citizens, since at the least the creation of the Fed, if not before. A new reich, a Fourth Reich, if you will has been slowly but surely moving all of us into their grip from which most of us will have no ability to escape. I suspect it is the success of the counter action to the American Revolution started by King George III and his agents that has continued through the generations by some of the oldest, wealthiest families in the world. Like the Chinese, they think in terms of multigenerational objectives, which most of us can't imagine to be realistic or possible.
Private equity looting is better termed plunder.
@leroyjones6170
17 күн бұрын
Thank you that word was escaping me
@johnanon658
16 күн бұрын
That babylon bee she explained 😅
She really drank the kool aid when it comes to gold
If I wave my hands around in front of your face will you believe me? She clearly does not understand money, and the importance of it not being something easily produced, like Eth.
Socialism for the rich and Capitalism for the poor
@johnanon658
16 күн бұрын
The absolute state
@Youknowwhatscoming
16 күн бұрын
Exactly
David has become the 🐐 in this space. Thank you!
@Doitallgp
16 күн бұрын
David is great, but Jack Farley is the goat
If the value of the Dollar goes back up to its $1.00 value? A gal of gas $0.34/gal A pk of cigarettes $0.59 A car $3,000 A house $30,000 Avg rent $135/mo Used car $300-$400 on avg.
@mlbonfox8199
16 күн бұрын
It’s up $5 … huh?
Oil and gas is essential and profitable. She's wrong on that point.
@bpb5541
17 күн бұрын
Agree. EVERYTHING is tied to energy. Period !
Q: What's the definition of a dollar? A: A dollar is a promise to pay a dollar. 😂😂😂
I'm speechless.
@johnanon658
16 күн бұрын
Eh?
Is gold money? No… yadayada. What is money? Oh anything really
When she says we can't allow banks to fail because money in a bank is "my money" she fundamentally misses David's point. Sure... that's what people believe now, but the money isn't hers any more; she lent it to the bank so she is an unsecured creditor. The main reason people don't care is they don't know... but also they're encouraged not to care or known because it's "insured". Transfer the risk of loaning money to a bank back to the depositors, abolish public deposit insurance and allow banks to fail. It's the only regulator that can work. Everything else is a shell game designed to allow the few to profit from the many.
Wow, David Lin. Let me formally thank you for all you’ve done and all you’ve helped teach about finance and economics for the past few years, from Kitco to TDLR. You’ve always brought on guests I’ve learned from, and engaged in discussion that allowed for me to digest great pieces of information I wouldn’t have thought of. I never knew this lady, but the introduction was so interesting! I was instantly engaged with who she was, and I want my lady to watch this interview! I will for sure be buying a multiple books hers for my lady too! She’s more of a reader! Thanks so much David, and Mehrsa!
@TheDavidLinReport
16 күн бұрын
Thank you to you for watching and for your support
She is wrong in scores of 21st about gold. How does she think we got in such a position since 1971. lol. No wonder she lost her nomination. I assume there’s lots more shes kookie about.
Keep turning out daily video David, youre my go to info man! Thank you.
They never announce it. You’ve got to figure it out for yourself. In the end markets always move in such a way to cost the most people the most money. Always be a contrarian.
Banking does not require a Central Bank. Sorry, but not sorry.
@benjaming.2218
16 күн бұрын
Well…the central bank was created as a backstop for banks. Before central banking the backstop was a man, his name was JP Morgan! You don’t know this? 😂
I’m also infusing myself with liquidity right now
THE AMERICAN PEONs HAVE NO IDEA WHAT USA HAS IN-STORE FOR THEM.period
@jacknathaniel5203
17 күн бұрын
OKAAAAAAAAAYYY!exclamation mark
Shes very close to the answer, it’s government as a percentage of gdp. Once you look though that lense it all make sense
sorry but i cant listen to this whole interview . note to self dont attend UC Irvine for economics.
@mlbonfox8199
16 күн бұрын
But she’s a scholar; lol
Pollyanna don't lose your rose colored glasses.
Disagree we use currency lady money is gold and silver and it has been for thousands of years only part of disagree with you on
No free markets no capitalism David.
@johnanon658
16 күн бұрын
She like a leftoid saying “that wasn’t REAL communism!. But about capitolism
@fredcrossman5133
16 күн бұрын
Yeah, coming from a socialist country you think she would learn
I guess I'm buying Raytheon and Exxon/Mobil.
Money doesn’t need to be scarce 🤡
"Gold caused WWI & WWII." Is she serious? Then why have there been endless wars since every country went off the gold standard?? Insane correlation by her. This is what happens when you think you're much smarter than you are...
Banking bail outs, has to be REGULATED. Businesses bailout unacceptable.
She’s about as goofy as it gets. I think she probably believes there’s a unicorn in her backyard.
Soo.. this lady thinks a currency backed by an asset isnt a good idea? Shes honestly stumbled and bumbled so much, she just $ounded like a fool
🚨SILENT🚨DEPRESSION🚨
@HipHopCantSaveMe
17 күн бұрын
Imagine my shock!
@montyboy711
17 күн бұрын
Why do people keep saying this? It’s not a depression. A better analogy would be The Great Inflation.
@jj3682
17 күн бұрын
@@montyboy711 Maybe it's everyone's mental state. People are truly struggling, esp at the bottom. Keep hearing people say they are depressed because of prices and their financial struggles.
@montyboy711
17 күн бұрын
@@jj3682 I don’t disagree that people are feeling depressed but in finance a depression refers to the depression of assets, not your feelings. Calling it a depression is misleading in that regard. Also back then people had not jobs, all the equity in their assets were lost and there weren’t credit cards to fall back on. I think the current state of things is different but I live in Canada, you may see things definitely on the ground where you are.
Let's forget Dodd-Frank and reinstate Glass-Segal.😊
@ace9840
17 күн бұрын
I like the gold standard.
Cuz bankers own da politicians😂😂😂
She knows nothing (0) about how money works or she’s evil
@alphaomega1351
17 күн бұрын
She's an evil 😈 doer! 😳
@alphaomega1351
17 күн бұрын
She's an evil 😈 doer! 😳
She uses her hands like a flailing hurt bird 🦆
@alphaomega1351
17 күн бұрын
She's throwing up gang signs. I think she's a blood member. 🤔
@prolific1518
17 күн бұрын
@@alphaomega1351 5:20 is clearly crip signs cmon bruh
@RealLifeFinance
16 күн бұрын
@@alphaomega1351It literally is, sign language and game signs....crazy
@timhansen5303
16 күн бұрын
This woman needs to slow down, what a motor mouth, just like Ben Shapiro! Wouldn't wanna have an argument with this woman!
Her answers are all over the place. Difficult to listen to. Some of her points are good. But oil & gas are not profitable? Seriously?
Ppl like this are the problem; Bitcoin is the solution.
I've changed my mind after reaching the end.... she sees no reason for money to be backed by anything, gold, hard assets or whatever. She apparently thinks money should be "abundant". Which leads me to question her reading of the Weimar hyperinflation, or Argentina etc. When money becomes too abundant, the people are impoverished. (Also, she LOVES Keynes!) So, i value her dissection of what's wrong with our present system, but am horrified by her vision of what should replace it.
I came for the comments. Y'all did not disappoint!!! 😂😂😂😂😂😂😂
She seems like a nice person and I think she means well, unfortunately to my thinking she seems a MMT or at least a Keynesian believer. Sadly U.S money isn’t backed by anything..MAYBE a U.S navy aircraft battle group… In the days of gold and silver as currency a person got paid in a medium of exchange that was limited and they held there wealth in there hands then promissory notes payable on demand for gold or silver where invented then fractional backing THEN off the gold standard in 1971 and we just “print money” now as Jared Bernstein stated. Banks create money out of nothing and charge interest on it, he U.S Government borrows (spends) a trillion dollars Every 100 days…a trillion is a “ million million dollars” that’s insane and is not sustainable unless you’re a Keynesian or MMT believer 🤷♂️. Honestly this can only end badly and “no government”:should ever bail out banks like Silicon Valley bank, the FDIC should cover what it’s mandated to and bad luck for everyone else. Just my opinions though.
Think about a people if she had anything on the ball she would not be teaching more she would be practicing and making money in the private sector. Instead she opted for the path of a guaranteed income from a university system . To me that shows a lack of confidence in your own abilities to produce income
Private equity only loan 15% ; where is she getting her information???
is this for the deaf?
@globalroamer1900
16 күн бұрын
lol🤣🤣🤣
Great conversation . She doesn't think energy is important . The future is what without Exon? All from solar?
Why would you insure something you created?NSA created bit coin
What a joke…..the banks can’t fail….yet they’re failing….😂
The Lender of Last Resort can fix anything. Just create money from nothing and throw it at the problem
bring back glass steagle
@alphaomega1351
17 күн бұрын
They should but they won't. 😳
I am thinking I know what her “thing” is worth. Way to keep a straight face through that shit show. You’re awesome
I’m stupider for having listened to your guest today.
@bradforddavis6497
16 күн бұрын
David Lin's face says it all.
@benjaming.2218
16 күн бұрын
She would run circles around you. Her understanding of the banking system is remarkable.
@bradforddavis6497
16 күн бұрын
@@benjaming.2218 she's an MMT fool.
I remember life before the Internet and before state capitalism.
Another brilliant show, David. We need more of this. Brilliant interview.
Dave, get Rick rule on with this woman to talk about the profitability of exon.
Physical silver and gold are honest money!