This guy is great !! I am watching the entire series on another computer as I write here. I urge all our members to spend some time and see what this man has to say. When I started viewing I thought I would not even make it through the first segment. I am now working on 10 of 12 and have to say this guy is better then a economics professor.
That depends upon which economic professor you have. Were not all that boring.
Briann, do you agree with this guy?
I havent listened. I know pretty much every Fed conspiracy on Earth..and am an expert on the subject... and most of it is nonsense. There are portions that are true... in that the Fed can have the unholy power to run up ghastly inflation. This happened in other countries with corrupt central banks... and it happened to a smaller degree here during Carter.
IT MAY HAPPEN again with Obama... since he has 2 things. 1) uncontrolled power 2) unwaivering support of Keynsian economics (Based upon his statement last week... The reason the 'New Deal' DIDNT work... was it wasnt large enough.
So he may try to spend us to NO END out of this recession.. while letting the printing press run and monetizing the debt... to offset the HUGE deflationary pressures of pushing us to the brink of bankruptcy...
This isnt a 'Fed' Conspiracy... this is showing the importance of why the Fed should be as independent from the fiscal policy makers as possible.