The world is lucky that a person who is an expert on Great Depression was the Fed chair in 2008.

@Silvertarian

4 жыл бұрын

Until you realize all the money they create out of thin air robs the people of Main st of their purchasing power.

@CommonUsername

3 жыл бұрын

everybody hates the idea of taxes. and truthfully if someone who cared more about feelings rather than facts, would’ve helped create the single biggest depression in US history. Ben and hank were probably the only two people who actually understood how bad it could’ve gotten.

Regarding his last statement to us: "our economy is the most productive." Really? Most things in my house is made in China.

exactly. Let's play, who has the best memory.

@fastdunn economics is a science, its not a perfect or pure natural science, but it matters nonetheless-and comparing it to chemistry/biology/physics or any natural science is just stupid. Economics is the science for the global marketplace, it allows students to attend classes, the unemployed to receive benefits, and science and development to take place through grants and funding. Don't downplay something because you have no idea what your talking about.

Why does the Fed regulate interest rates? As long as our dollar is regulated by interest rates, free market enterprise can never happen, and Banks will continue to be the central cause of a poor economy. It's greed by the 1%rs.

@henryhaidar7484

4 жыл бұрын

Michael Cunnningham what are you, an Austrian?

@boblarry649

2 жыл бұрын

@@henryhaidar7484 no he's got a brain and free thinker

@tjakkobosma5872

Жыл бұрын

@EcoBean then why is the us the biggest economy in the world?

@ecobean3440

Жыл бұрын

@@tjakkobosma5872 Not for long. China will surpass the United States soon.

as it turns out... the man was right!

@sotospeak415

5 жыл бұрын

Are you fuckin serious? I'm genuinely curious if you're serious... We'll see if he's right when the fucking currency crisis hits.

@eewwiinnss

5 жыл бұрын

So printing money devalues the dollar and pays off debt with more debt creating inflation so much so that the value is currently 4 cents in the USD. And you think that's a success? You are so succinct in your description I would think your taking care of this yourself......nah your an idiot!

@MnyFrNthng

4 жыл бұрын

@@eewwiinnss Are you moron or what? When was the inflation created the last ten years? Seriously, how come people can be so dumb? And in 2019 the man is still right. He, Paulson and Geithner saved the world, thanks to Obama keeping him as the FED's chair.

@MnyFrNthng

4 жыл бұрын

@@sotospeak415 Where is your currency crisis buddy? It is 2019. Rather than currency crisis worry about student loan crisis instead.

@boblarry649

2 жыл бұрын

@@sotospeak415 he has no subscribers he's a bot pay no mind

Is CBS is running a PR campaign for the Fed?

@brianbest6097

4 жыл бұрын

11 years later

@Alberto-xz7th

4 жыл бұрын

If you're trying not to be biased it's difficult to make Bernanke's work look bad

@drumsandwaves

3 жыл бұрын

Benranke is so obviously reading a script. look at those eyes!

we are not afraid Mr Bernanke WE ARE PIZZ'D!

It's federal like federal express

Where do banks get credit from? He said it was bigger than any single firm or individual. If that is the case, why is one firm/individual trusted with its regulation/control? Why not let banks choose their own interest rates and print their own currencies? That would delegate responsibility to the people most informed about their particular situations.

@the_expidition427

2 жыл бұрын

Banks do print their own currency

Have you considered contacting your representive urging him/her to support HR1207? Or considered contacting your senator to support S.604?

@Silvertarian

4 жыл бұрын

No, I have contracted Colorado's legislators to tell them to follow suit of Utah HB317 (Legal Tender Act)

B.S. helicopter Ben wants the FED to be more transperent. Call your congressman and senators and tell them to support H.R. 1207. This will force Ben to open up about all his helicopter drops.

@iracarroll1 You mean before the great depression?

but it operates like an arm of the government, working with the treasury department to artificially set interest rates for policy reasons.

I like how CBS likes to show dollar bills, not the electronic entries... Propaganda, pure propaganda.

Ben says it the market knew what happen in that room ''well it would create a lot of volatility and problems in the market?" really? i wonder why?

@Silvertarian

4 жыл бұрын

Everyone would realize it's a ponzi scheme

and how is that ?

Scott and Laurie took out another mortgage!

The thing is economics is not a science. He has a theory but it never really was tested just like all the theory in economics.

@yenciehossain9020

5 жыл бұрын

Economics is a science and theories that are tested are called laws. Likes law of Supply and demand.

@eewwiinnss

5 жыл бұрын

@@yenciehossain9020 look the stock markets and banks deal with money and know nothing about it! Most trading is now done by computer algorithms in the stock markets, these algorithms "Do Not" understand or work accordingly with human behaviors in the marketplace, so expect the unexpected, this man has not a clue what's happening he is trying to stop blood from running out of a main artery with a bandaid that won't stick.

greed is what ruins economy

that was well fucking said. cheers

It seems like all of those criticizing the steps taken by the fed, have the complete grasp, understanding and insight to do this job much better. Allowing more large banks fail would have sent us into another depression and the end of the US in this new global economy.We avoided this fate.The fed is now fighting fire with fire...buying us another day. I rather live another day to correct my mistakes than die a fool. Our collective greed & comfort, led us here. We must wake up in the next round.

Read the damn Constitution and what the founding fathers say about a centralized bank. Read up on Keynesian economic theory and see how this recession is inevitable, and how Bernanke is making the bubble bigger...

He is the bad one make american people suffering

petty response.

youre naive in the extreme

one word: propaganda

you need to be much more transparent like DISAPPEAR!

Propaganda, Ben Bernanke studied the Great Depression so of course he knows how to get us out of our current problems (sarcasm x100)

LOL Pure Propaganda

Nasty nasty criminal we know what is going on

lmao he doesnt even believe himself thats why he is stuttering and talking so un naturally...he is very good at sputtering out bullshit

@darksg1295

6 жыл бұрын

What did he say that was wrong?