Age of Easy Money (full documentary) | FRONTLINE
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- เผยแพร่เมื่อ 28 เม.ย. 2024
- High inflation. Fear of recession. Disruptions, like the collapse of Silicon Valley Bank. How did the U.S. economy get here? A two-hour documentary special traces the road to this moment, and the role of the Federal Reserve, the country’s central bank.
This journalism is made possible by viewers like you. Support your local PBS station here: www.pbs.org/donate.
FRONTLINE investigates the Fed’s epic economic experiment to revive the U.S. economy with what has been called an “easy money” policy and the far-reaching and sometimes unintended consequences.
“If we hadn't been driving our economy for 14 years with easy money and then tried to really quickly undo that now, we wouldn't be having these problems,” former top banking regulator Sheila Bair said in the documentary.
From the 2008 recession, to the COVID pandemic, to the rise in inflation, to the current economic uncertainty, “Age of Easy Money” charts the American economy’s tumultuous course, the fragility of the financial system and the widening gap between Wall Street and Main Street.
The documentary examines what led to the Fed’s recent decisions to hike interest rates at a historic pace and probes the ongoing effects, offering a comprehensive and timely examination of the role of the institution at the heart of America’s economy.
The documentary is supported by The WNET Group’s Chasing the Dream, a public media initiative that examines poverty, justice and economic opportunity in America.
The director, producer and correspondent of “Age of Easy Money” is James Jacoby. The producer is Anya Bourg. The senior producer is Frank Koughan. The editor-in-chief and executive producer of FRONTLINE is Raney Aronson-Rath.
For more reporting in connection with this investigation, visit FRONTLINE’s website:
www.pbs.org/wgbh/frontline/do...
#Documentary #FederalReserve #Inflation #Economy
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FRONTLINE is produced at GBH in Boston and airs nationwide on PBS.
Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting.
Additional support for FRONTLINE is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; the Heising-Simons Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
Funding for “Age of Easy Money” is provided by The WNET Group’s Chasing the Dream, a public media initiative reporting on poverty, justice, and economic opportunity in America, with major funding by The JPB Foundation and additional funding from Sue and Edgar Wachenheim, III.
CREDITS
Prologue - 00:00
Federal Reserve Tries Easy Money Policies in Great Recession - 5:38
In 2010, Federal Reserve Steps Up Quantitative Easing - 19:37
Concerns and Criticisms of the Federal Reserve’s Easy Money Policies - 28:48
After An Attempt to Pull Back in 2018, Easy Money Becomes Status Quo - 38:25
Dire Warnings About Largely Unregulated “Shadow Banks” - 50:28
Federal Reserve’s Easy Money Policies Go Into “Overdrive” to Combat COVID’s Economic Impacts - 53:28
“Bad News for the Economy was Good News for Markets” - 1:06:26
Warnings That “Unprecedented” Stimulus Could Lead to Excessive Demand and Inflation - 1:16:18
An Epicenter of High Inflation in the U.S. - 1:23:30
The Federal Reserve’s Response to Inflation - 1:28:42
The Impact of the Federal Reserve’s Interest Rate Hikes - 1:37:57
Lessons for the U.S. Economy From the Era of Easy Money - 1:48:34
Credits - 1:51:58
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We love Frontline bro!
It’s amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of “remaining competitive”. This leads to another financial crisis. It’s completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.
Agree; the rules should be applicable to all banks - big or small. First; very few meaningful laws are passed and then this cycle of doing-undoing seems to support deregulation risking the economy and the faith in banks.
I believe using an investing advisor is a terrific idea. In the midst of the 2008 financial crisis, I was literally experiencing horrible dreams before I spoke with an advisor. In conclusion, I was able to increase my initial investment from $320k to almost $2.5 million in 2011 with the aid of my advisor, and I later bought my first investment property.
Well, I've been researching advisors lately because the market news I've been seeing hasn't been that positive. Who is the individual who helped you, and is he or she still around?
Her name is “Vivian Carol Gioia ” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I looked up her profile online since I was curious. I saw her website, her credentials, and how tight she came across. At first, I thought this was overblown nonsense.
I can’t believe nobody is talking about how incredible it is they have a whole 2 hour documentary already out just a few days after all these banks failed. I bet they were working on this before all that happened (I’m not sure I just started watching right now), but even if that’s the case the fact they were able to rush to include the stuff about the banks failing is incredible. Everyone who worked on this deserves a raise😂
Almost all documentary by FL
Bank failure most likely scripted… they already knew 🤫
It was predictable.
@@Ti5qu4ntum Probably started this documentary when Liz Warren warned us this was going to happen again in 2018. Plenty of time to compile B Roll footage and conduct interviews from like minded people in the profession.
it's built on interviews and reporting from an earlier frontline, from last year. that one was only about an hour and seemed quite preliminary -- seems Jacoby had a chance since then to finish his doc.
According to the New York Times, the average savings of a couple reaching retirement is $110k I’m closing in on my retirement and I’m under pressure to grow my reserve of $330k, despite the fact the capital gains you can make on growth stocks far outweigh dividend yields, and even in downtrends folks still pull off 6-7figures gains in months. surely the risk is much greater, but I’d love to know how.
I feel your pain, I’d suggest you look into passive index fund investing and learn some more. For me,I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 200k so far and pretty sure I'm ready for whatever comes.
I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an expert-advisor, I wouldn't mind looking yours up.
Lisa Ann Moberly'' turned out to be better and smarter than all the advisor I ever worked with till date, I’ve never met anyone with as much conviction.
Okay thanks for clearing that up, already went through her web-profile and it seemed pretty tight which is why I was worried her fees will cost a ton haha. thanks a bunch for sharing.
@@CarlAndrew-hv2fm should've just bought bitcoin,no need of advisors there
Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
That's impressive! I could really use the expertise of this advisors, my portfolio has been down bad. how can I contact them?
'Lisa Angelique Abel' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
This is one of those documentaries you watch years after the fact but we are right in the middle of it.
Who didn't see it coming. You underdamp a control system and you'll get an overshoot on your setpoint (2% inflation). The question always was "when" not "how". At least mortgages are safe (for now).
@ Aldin😳 mortgages are outrageous right now
This is years after the fact. We've had easy money fpr 2 decades
@@aldin5930 I don't think it's accurate to believe that over 15 years of prior low rates would suddenly and randomly at a moments notice yield out of control inflation. Interest rates would have a gradual impact on inflation, and in fact, they only mentioned these low interest rates as a means of showing that they, along with FED stimulus packages/bailouts ONLY went on to serve the rich, whereas the middle class workers saw between zero and negative improvement. There's a variety of factors determining inflation right now.
And ya...housing is an absolute disaster. (I find that generally, the only people who enjoy the fact that housing prices are grossly overinflated, are generally the ones who own a home, and like the thought of seeing their personal assets increase in value.). It still doesn't change the fact that housing is more unattainable for working people than virtually ever before, and that prices have skyrocketed at a rate far beyond the market.
THE THIEVE'S HAVE GOT THEIR GOODS THIS ROUND🤫 it's time for the next round😛 the wealth income gap says it all🤫PURE THEFT🤬
You have to say this Frontline documentary is probably the most impeccable timing for a documentary in a very long time.
I was just thinking ... what timing ... "they warned us"
Almost as if they knew in advance exactly what was coming, and exactly when.
@@cynthiasutch9139 ffs man
I guess they got it all figured out. Which I f***** doubt.
XD I'm glad this documentary is early on attacking the so-called Federal Reserve. Haha.
One guy said the market is like little children, if you take away any of their candy, they throw a tantrum. One lady even brought up "dopamine hit" (which neuroscientist Andrew Huberman says doesn't exist, it's just an incorrect phrase).
Two-party puppet system, Trump included, especially him, another puppet (with all those bankruptcies, cheating construction workers, kept most of his jobs in China and Mexico against his promise of America having more jobs alongside his campaign gear Made in China, etc.).
Almost no one is trying to end the so-called Federal Reserve bank.
The Founding Fathers fought that foreign private money institution, kicked them out of America, and when they came back in the 1900s, they made debt notes. Quantitative easing, like I've mentioned recently. That encourages more risky spending, hurts savers, and makes more inflation.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
@@Elkemartin213 Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn
I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks and “Vivian Carol Gioia” enough for such an amazing way to make money!
@@Quason788 Most likely, you can find her basic information online; you are welcome to do further study.
I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks and “Vivian Carol Gioia” enough for such an amazing way to make money!
With Market tumbling, Inflation Soaring, Is the stock market actually getting better or could this be the regular new year market manipulation to entice new investors? I'm currently sitting on $500k inheritance and just wondering what better assets than stocks to invest in right now
You need a certified financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Amazing! I hope it's okay to inquire if you're still collaborating with the same fiduciary and how I can get in touch with them?
The decision on when to pick an Adviser is a very personal one. I take guidance from ''Melissa Maureen Ward'' to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
In 2008 I worked for the law firm that brought down Lehman Brothers. I so wish I had a time machine to see exactly what that meant at the time. The next year, I lost: my savings (I worked my lifetime for that), my tiny home, my job through downsizing, and my boyfriend left. Hundreds of people at my firm lost their jobs. I had a nervous breakdown. I took out my remaining money and put it into a credit union. The life I thought I was going to have in retirement went down the drain. I found out I am stronger than I could ever imagine.
Don’t give up hope. I lost everything too. The future you will regain and have loyal people.
Good for you. Keep pushing! I've had to restart my life multiple times over now. But you definitely find out what you're made of and how strong you are, especially in this greedy world. People forget time is more expensive than money. Dont waste it
😅Mmmmmmmmmmm😅mmm😅 mình 😅😅😅😅
That's why I hope time traveling machines will be available soon 🤞🏾
So how are you now compared to then? You have more money now?
The fact that we get free documentaries on TH-cam by FRONTLINE PBS is truly a gift. 👏👏👏
May I also remind you the fact that our Native American population in our motherland, the Continent of America before the European Colonizers arrived, was around 15 millions, while the European population in their motherland, the Continent of Europe was around 25 millions.
Today, Native American population is 15 million, while the European population, in the Continents of America + Europe, is a staggering TWO BILLION! A shocking sad truth. 😔
In my humble opinion, it's about time to decolonize the Colonized lands, and return it to rightful owners Native American people.
Notorious global cardinal crimes the Christian West has committed, and benefited a great deals, such as Slavery & Colonialism had long been over, why on earth is notorious Colonization still lingering on, may I ask? 😔
This gift is from rich Democrats who want to make sure we think a certain way.
i mean PBS is all free
It's completely BS. Inflation comes from printing money and giving it to the wealthy.. Ukraine is just another way to launder tax payer dollars. Frontline is propaganda
Gift? You mean we get to eat propaganda from the same Bankers who have been raping our Nation & People of all of our wealth is a "Gift"?
*sign
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
My advisor is 'Natalie Marie Tuttle'. In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience
Thanks for sharing this. I curiously searched for her full name and her website came up top search. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks this year. Hope to make millions in 2024.
Since risk is at an all-time high right now, perhaps you should be a little more patient but remember the bigger the risk the bigger the results. Alternatively, you can consult a trained financial expert for strategy.
You're right mate! I’ve been using a fin-market expert for two years now and I own a 7figure diversified portfolio from investing in stocks. Currently, my portfolio is worth over $800k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
HEATHER LEE LARIONI is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Great documentary, after listening to the all financial experts discuss the issues I realized that none of these financial geniuses manufactured nor created any new product to benefit society, they just move money around.
right except its fake and worthless!
...And collect fees!
That's not their job and if they did the public would not like it when the systemic risk hits
Sad that their silver bullet, their "only" bullet, is playing around with interest rates ala "Pay no attention to the man behind the curtain" (The Great and Powerful Oz). Chimps could do this, just give them a green or red button to push and a little treat for their efforts. The real problem was too easy to see years ago when they dropped rates through the floor and held their fingers on the jugular for way too long. Where we're at was created and preventable by them. Incremental increases along the way would have been the prudent play. But here we are with the obligatory "sky's falling" fear-based cliffhanger scenario.... 👎👎
Drop the BS banal rhetoric.
This was possibly the best video ever produced by PBS. It came within 48 hours of a bank failure, and included that to cap off the 2 hour documentary. Productivity in journalism has got to be at an all time high.
Agreed great recap of past decades regarding the FED and banking industry.
Girl they worried they would be laid off of course they gone produce like crazy huntyyyy
1. The very last spoken words in this video are the most instructive:
2. “This is a political problem.”
3. I totally agree.
4. I know which one of the two political ideologies I voted for in 2020.
5. Which one did you vote for?
@@nellosnook4454America is full of it at nearly every institutional level. It’s a bipartisan affliction too. It’s fun to focus blame but the power/money mongers even use our polarization as a means to THEIR end.
@@skippy6086
1. I don’t disagree with anything you’ve said.
2. But political ideologies and the democratic process are primary.
3. Assuming we have ballot & tallying integrity, We The People vote for our political leadership.
4. Who in turn, set policies & appoint department heads.
5. It isn’t about perfection.
6. It’s about preference.
7. I prefer the political ideology that best provides a more prosperous & secure standard of life for the most people.
8. When our political leadership fails in these critical areas, we must hold them accountable.
9. It’s the only way to remedy the situation & change course.
10. Apathy gets us nowhere.
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
For the average citizen, the tactics are rather demanding. In actuality, most of them are effectively completed by experts who possess the necessary knowledge and skill set to carry out such occupations.
It comes down to technique; a downtrend gives you room to focus on the market and grow significantly in the short or long term. While it is easier to make money when the market is rising, a downtrend can still yield high returns if you have the necessary knowledge and skills. For this reason, I have been scaling up during this difficult period by working with an investment advisor; this has been the only way I have raised up to $150K in the last six months.
in as much as my knowledge of the business is limited, it seems that this is the ideal time to enter the market based on my understanding of supply and demand in the economy. The consistent price variations, which shouldn't be an issue, are the only thing stopping me. But I really need a counselor; could you please assist me?
One of the fiduciaries I deal with is Alicia Ann Jordan. Just check the name. There would be a letter with the necessary information to set up an appointment.
thank you for sharing; I just looked up the broker you recommended on Google and was really impressed with her qualifications. I will immediately send her an email.
I watched it twice because I was so fascinated. How little the rest of our media questions what is going on is just astounding. With all of these current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.
The strategies are sometimes seen as rigorous for the regular-Joe. Matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
My $550K portfolio was diversified across many markets with the assistance of an investment adviser, and in a matter of months, I was able to generate over $950K in net profit from high dividend paying stocks, bonds, and ETFs. Perhaps you should consider exploring that option.
@albatkobe HEATHER LEE LARIONI guides me. She works with Empower FinanciaI services. But there are a lot of independent advisors you might look into. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on
ill hang on to it for you :)
@@josephbush You misspelled her name it's Heather Lee BALONEY. And she made me TRILLIONS out of the $1.95 I started with.
It's a blessing that we get to watch this for free.
@@odriivaiilliianx if this video is a lesson, take out a cheap loan and make a "premium" service that offers "premium videos" that competes with PBS. does it add value? is it truly better than PBS? spend enough on marketing and convince people otherwise regardless of the facts to pump up your business.
otherwise, no.
it would be a blessing if it did not exist at all, if it was not a thing that would be a blessing
You pay as part of your taxes.
This isn’t free. Not at all. Nothing is free. Including us.
Frontline does their best work in financial docs. The old credit card docs, the 2008 docs, the fallout from the GFC docs, the retirement gamble. Great work.
Yes they do good work on finance. I wish they would stay out of politics because they are so biased as a liberal Democrats, they can’t help themselves. But on finance they have the connections to reveal the truth and they did a great job here and I am thankful for that. Good job front line!
They were epic in the early 80's! Including Maria Bartiromo in this was telling, however.
Don't praise the media . They're the ones causing the problem.
@@steveperreira5850 Wake up sheep
I am eternally grateful to Almighty God for using DROKOH No TH-cam to get to me when I thought it was all over but today am free from genital herpes
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
It's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $200K per year but not enough to show for it yet.
Do you have a 401k? you should contribute to your retirement diligently, or better still look into financial planning
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 50 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an advisor to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.
this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
‘Debra Ella Nicholas’ oversees my portfolio, simply do your due diligence. She's an extremely intelligent person, very thoughtful, cautious, and shows a great deal of expertise with over a decade of experience in her line of work.
Debra appears to be a true authority in this field. Checked out her page on the net, went through her profile and I can say she's superb.
As a recently retired U.S. government employee who spent 18.5 years as a federal bank examiner with a capital markets "subject matter" area, then 10.5 years as a financial analyst for the same agency, I consider this documentary the best summary of existing problems I have seen in such a brief package. Anyone who thinks our current economy is sound needs to stop listening to current government assurances.
This documentary help us to understand the past, and what to expect to happen in the next few years.
Justice will be served only when the unaffected are as outraged as those who are
James Madison - 'If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy.'
@@big1bostonhuh?
@@practicalpolitics1119 George is my friend duiieee.....Don’t vote.
Federal Reserve Chair Jerome Powell reiterated to lawmakers on Thursday that the central bank expects to raise interest rates one or two more times this year, but at a slower pace to avoid tipping the economy into recession, I'm still at a crossroads deciding if to liquidate my $138k stock portfolio, what’s the best way to take advantage of the market?
Chose quality stocks and follow them up. If you're not one for such complexities, seek a Financial advisor to guide you
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%.
I need a guide so i can salvage my port-folio and come up with better strategies. How can one reach this advisor?
She actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
Reading about how y'all are worried about your "portfolios" makes me want to throw up. What about those of us who were already living paycheck to paycheck even before the stupid response to what was essentially a bad cold or flu? I'm a 53 year old hairstylist and make $40k a year. I have no "portfolio", no savings. The salon I worked at for the past six and a half years went out of business five months ago because it never fully recovered from the COVID lockdowns. Thankfully, I found a job at another salon within a week. But just know, there's plenty of us who will never have to worry about our "portfolios". We're too busy worrying about how we're going to buy food after we pay our bills and buy gas to get to our jobs.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Marina Carolina Nice is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ..... Thanks to Mylah Evander the lady you recommended.....
That's true, I can't imagine the profits people are making daily by just trading......
Mylah totally changed my life for good. I have come across individuals but none is as honest as she is. So surprised you know her too..
Is there anywhere I can get across this woman for a startup???
SHE'S MOSTLY ON TELEGAMS WITH THE BELOW NAME!!!
MYLAH EVAN1
I'm 54 I and my spouse are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for*
My wife and I are right there with you. Top it off, she lost her job at a well known mortgage company last Tuesday. The company laid off half of the work force due to higher interest rates. "less people buying and refinancing homes". We are having to rebudget on a monthly bases. Unlike the higher powers to be, if you know what I mean, we just can't add zeros to our paychecks. I have faith in God to pull us all through, but it is going to be hard.
To top it all off nutballs in politics get pensions and great healthcare 😢
all that budget talk is BS. budgeting is not the answer, it's a sacrifice. it's a lowering quality of life. not the answer!
Do you run away and hide in a hole like a rat when you see the word 'learn'?
Let's put it to the test.
Learn about the many different kinds of financial markets.
(You don't need money to trade. this is false. companies will give you money to trade, you need to find them.)
Then Learn "how to read/trade Price Action."
EVERYTHING you need to know is on youtube.
there are many ways to trade, there is no one way, so find your way.
Learning this is a journey. It will take minimum 12 months to learn.
Plot your trades on a graph. this will guide you. When you're doing things right and your close to success you be able to visualize this. It looks like this, "Higher Highs and Higher Lows." Your progress is a trend. When your progress is on an uptrend you are heading in the right direction.
@@captmcloven2137where I live every day in my occupation I see more and more houses, cars and campers with for sale signs on them in people's yards. I know people that have been getting overtime for years that suddenly have it cut off. I think this November will be very telling as to the condition of this economy. I hope I'm wrong but historically companies make cuts at the end of the fiscal year.
That’s the goal, unfortunately
As a Silicon Valley Software Engineer, I couldn't stop watching this doc. The entire time I was doing a background-inventory of all these seemingly-random observations in my personal and professional life that I remember thinking "hmm that seems weird" then forgetting quickly thereafter. Now suddenly this doc has connected all those seemingly random dots into such an intuitive and terrifying mental picture that I now realize has woken me up from my sleep-walking slumber. The truth in this demands immediate action from the viewer. WoW. Really incredible.
SVB was used to have greatest tech team behind and I felt sorry to see some great programmers suffers because of financial C levels did some terrible decisions. I hope you are ok and well, on your job.
QE... "It's almost like alchemy" R Fischer, Dallas Fed Pres.
I suspect the QE proponents are not MMT fans because much of the QE went to securities folks, not folks in need.
@@billytheweasel are you lgbtq
CNN, CNBC,FOX, etc. They know exactly what's happening and could have produced this documentary long ago .....but first they would have to WANT to do it at least a tiny itty bitty bit
@@TehNarrator They're nudging the public to prepare for a calamity. It's long overdue.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
With the help of an investing advisor, I diversified my $400K portfolio across markets, and I was able to earn over $900k in net profit from high dividend yielding equities, ETFs, and bonds.
who was that please?
My consultant is Kate Elizabeth Amdall She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
Amazing documentary. Every American needs to see this.
Frontline continues to bring some of the best investigative journalism this county has to offer. I can’t appreciate these enough.
Look up their endowment, pretty impressive......
Then look at the list of Contributors.
They will not accuse any of those Folks of being Greedy.
They overlook what they are paid to overlook.
But it looks so professional........Right?
time to talk about the jews, though
@@danielhutchinson6604 They are not going to bite the corporate hands that feeds them.
@@HOPCOUNT Exactumundo!
The Fed was started off badly
in 1913.
We’re always hearing that income inequality is getting worse. Is that the case? It depends on what time frame you’re looking at. If you’re just looking at the current administration, that’s certainly true. But these kinds of changes occur all the time. If you’re saying over the long run, no, I wouldn’t think so I've seen a lots of positive post about MR SAM DEYMON I find stock.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies which mr sam helped me on this greatly appreciated.
This video really moves me! I've been working so hard over the past 1 and a half year to achieve my trading goals. Such high yields in this recession is only possible under the supervision of a professional and trusted advisor like Mr Sam Deymon..
Plz tell me about the best indicator
He's TE LEG RAM...
@samdeymon53....that's it = 4 advise.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green and my retirement is edging closer by the day.
Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Betty Sue Blanchard, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000
Fantastic! can u share more details?
Cant reveal much info, she is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.
This episode of Frontline should be nominated for (and win) a Peabody.
James Jacoby and his team have produced a journalistic tour de force that should be required viewing in every public school in America. What we see here is EXACTLY what journalism is supposed to be: asking the hard questions and speaking truth to power.
My hat is off to the very talented team at Frontline. This episode is a stellar example of investigative journalism.
Absolutely agreed.
👏👏👏 agreed
Well said...maybe Houston ISD did? Big boys don't like knowledge.
Agreed! 👏👏👏👏👏
He is STILL not asking the most IMPORTANT questions. Like WHY do we allow THE FED to issue OUR CURRENCY? WHY do we allow the stockholders of THE FED to get RICHER while the hard-working tax payers get POORER? It's the tax payers who pay the interest on those bonds the FED buys from the Treasury. Why pay for government spending with BONDS when we could BYPASS THE FED? We could pay for everything interest-free, with dollars issued directly from THE TREASURY. Federal Reserve notes should be replaced with TREASURY NOTES. That would keep the owners of THE FED from leeching wealth from the people who ACTUALLY GENERATE the wealth. THE WORKING TAXPAYERS. The Treasury should loan these Treasury notes to the private regional banks and make THEM pay interest on those dollars. They should also require them to provide mortgages for STARTER homes at ZERO % interest to first-time home buyers. (As long as they are a good credit risk.) The same for basic cars. They could let the banks charge whatever interest they want for luxury homes, cars and everything else. That would make the economy EXPLODE HIGHER THAN EVER BEFORE. The production of starter homes would explode, and everything associated with home ownership. Furniture, appliances, and everything sold at home supply stores like Home Depot would experience a MASSIVE boom in sales, production, and employment. THAT'S the kind of STIMULUS we need! Not passing out checks to people who never PRODUCED anything!
We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.
For retirees and those close to retirement, I believe it's particularly challenging. All those years of labor only to lose it all to a problem you weren't responsible for, my regrets to everyone retiring during this time.
After the pandemic, things became extremely difficult, which is precisely when I sought a consultant's counsel. I've been investing on my own for nearly 3 years and have built up a stagnant reserve of $280K to $570K in just over 24 months.
I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
renowned for her proficiency and expertise in the financial market, “Lisa Angeliquel Abel” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
I discovered her, reached out via email, and arranged a call, anticipating her response. My goal is to end 2023 and start 2024 on a positive financial trajectory.
Frontline has the best investigative journalism Ive seen. Keep them coming.
This is my 4th time watching this documentary now. This should be required material for future students in business/ finance/ economics.
This is a fantastic, comprehensive, and sobering account of the state of the financial markets - kudos to the Frontline team. This episode is nearly two hours - time well spent.
Sobering, but understated. We're in for a calamity. This puts a nice face on it all.
Amazing documentary. I've lived through all of this yet never fully understood what was happening and why. Exceptional journalism. This should be shown at High Schools and Universities.
The Money Masters. THAT video should be shown to students and PBS viewers. It shows the actual SOLUTION to this mess. This video doesn't.
The schools are rigged for the ordinary person to keep them in servitude. It is no mistake economics and financial prowess is NOT taught in public school. Instead they brainwash a lot of ideology mostly with some of the 3R's.
Planning retirement has never been this confusing! First SVB, then Signature bank and now First republic, these are all the signs of yet another 2008 market crash and recession 2.0, so my question is do I still save in the United States dollar, or could this be a good time to buy stocks? So I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here
Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays
@@JamesFletcher-uo4wz scammer
The best documentary out there. It is spot on and I hope people realize the incompetence of the government and breakdown of Fed & Gov policies. Lots of pain for at least a decade or more to come.
Some group of economists have projected that both the U.S and parts of Europe could slip into a recession for a portion of 2023. A global recession, define as a contraction in annual global per capita income, is more rare because china and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My major concern now is how can we generate more revenue during quantitative times? I can’t afford to see all my savings crumble to dust.
It’s a delicate economical season, so you can do nothing or little on your own. Hence, I will suggest you get yourself a financial advisor that can provide you with valuable financial information and assistance.
That’s why I always make it a point to speak with a financial advisor before choosing any investments. Apparently , I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends.
In addition they have valuable access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made over $1.5million passively working with Gregory Thomas Patchak, my advisor for over three years now.
__
Your advisor really seem to know this stuff. I found his online-page when I made a google search of his full names online, read through his resume, educational background and qualifications, it was really impressive. I left him a note and booked a call session with him..
I’ve been watching frontline documentaries for a number of years now but this is truly one of the best I’ve seen 👏
They’re terrible, it’s just that they no longer can deny the facts. But they will sugar coat it like it this doc.
If you wanna believe the lie that they are promulgating… that the Fed isn’t actually the same thing as the banks.
I merely buy-and-hold Crypto, and it gladdens my heart that this is all happening now. eight months ago, I made sizable purchases, and since we are now approaching a bull run, I know i'll gain all i lost. What are the best coins to acquire?
Cryptocurrency is booming, notably giants like BTC and ETH. Yet, the market's rollercoaster nature is testing even the hardiest investors. which is why we should look out for proper market analysis or alternatively seek guidance from certified market strategists
I've come to realize both bear and bull market provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Fantastic! Can you share more details?
was guided tho.Julia Hope marble. walked me through the ropes majestically i'ts my ultimate pleasure.
Outstanding video! Thank you for this unbiased and informative overview. Hopefully millions of people watch this and use it to make smart decisions in the future.
I started buying some more stocks at the beginning of the year, but nothing big. Why am I treating this so harshly? Despite others in my sector earning six figures apiece, I'm driven to become the first person in my polygamous family to reach a million dollars. I am well aware of the costs associated with working more to get more money.
The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.
In light of the significant decreases, I'm in need of advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
my advisor is "jackson sten marsh" , is a highly respected financial consultant in the industry. For further information or to connect with him, a simple online search with his name will suffice. I wish you every success in your endeavors
my coach is "Jackson sten marsh". is highly qualified and experienced in the financial market.
He has an impressive profession and impressive qualifications, so I can see why he is so busy. I thus quickly copied Jackson full name and entered it into my browser.
The news media are currently being inundated with economic meltdown news. It takes a lot to look past the sea of headlines and focus on what's important: No matter how low stock prices fall, they keep rising. I completely ignore all news and continue to invest. I recently set aside $40,000 to invest in the market as we anticipate a collapse. Do you have any suggestions?
The market will continue to fall, so I recommend you do a fundamental and technical analysis of the stocks of the companies you want to buy and their data forecasts for the next few years. Better yet, you could have an investment advisor help you restructure your entire portfolio and balance the bad apples you're holding. This strategy has worked for me so far, saved me a lot of stress, and is also very time efficient.
I completely agree, which is why I prefer to delegate daily decision-making to an investment adviser. It is difficult for them to underperform given their specialized knowledge and research, as well as the fact that every one of their abilities is geared toward utilizing risk for its asymmetrical potential, and mitigating risk of capital loss. I've been working with an investment advisėr for over two years, and have made over a quarter million dollar. It's really beneficial.
@@theresahv I'm glad I stumbled across this discussion. If you don't mind, could you tell me how to reach this investment adviser who helps you with your investments?
My financial consultant is Julie Anne Hoover whom I reached out to after finding her on a CNBC interview where she was the guest speaker. She's provided entry and exit points for the stocks I primarily focus o
@@theresahv Thank you. I just checked her out on the web browser, She seems really proficient. I'll follow up with an email. Thanks for the lead.
This documentary should be titled "The Interviews of Professional Criminals."
Thank you so much for putting this together! This is the bar that all journalism should strive to meet.
How's that koolaid taste?
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
@@talented009 please how do you manage to earn so much during this downturn?
One of the biggest mistakes investors can make when it comes to stock investments is giving up just as the indexes reach support and begin to rise after a bear market bottom. I've been in contact with a coach for a while now, largely because I lack the in-depth knowledge and mental fortitude to deal with these reoccurring market situations. I netted over $220K during this drop, which demonstrated that there's more to the market than average Joe is aware of.
@@talented009 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
As usual it’s the working class who will pay the price for the reckless greed of the rich.
I Always say the War, no matter What our differences should not be amongst the whites, blacks, browns, gay, straights, Christians, jews, BUT RATHER Those that Have (those 5% that call the shots) VS Those Rest of Us! We get together, We'll WIN!!!
As always... Ironic because the wealthy need working class/middle class to even preserve their wealthy status
There was always socialism for the rich
Of course that's the Dixie Democrat way!
The only way to solve inflation is by raising interest rates on loans that the working poor actually need to survive :)
They are exporting their debt slavery from the ghetto to rest of the country. Hope you got some food storage
@@Rays_Bad_Decisions please read a book. your ignorance is an embarrassment.
Thanks for posting this excellent program. I missed it on public TV the first time around.
I keep loosing in real trade but win in Demo.
Should I give up on Trade?
What should I do?
How may I do better?
What I'm I doing incorrectly?
I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
in stagram
Kate Floretta
Face book
Its amazing how these politicians can say with a straight face that they did what was best for the people. Shameless
I thought big money salaries attracted the best and the brightest. We are always getting duped by theses ilk.
What's best for the people isn't best for the Masters.
I will note that the Fed guy who goes on and on about how they're saving costs from the working class (demonstrably untrue) is not an elected politician and is acting more as a PR spokesperson for the Fed
@@MS-st1zb all upper leadership positions in every industry do not like to go against the grind. There are a bunch of sheep following whatever the CEO/CFO establishes even when they can see the BS.
Leadership is so over-rated, we push our young kids to believe it is a position of power but the reality is most leaders are just sheep unwillingly to stand for what is right - proven every time we have a melt down in every industry.
If you're anti gun, you're part of the problem.
I applaud 👏 the reporter who skillfully interviewed and asked the difficult yet true questions 👏👏👏
Excellent job and documentary, as ALWAYS 👏👏👏
Then how come the only way to stop inflation is to raise interest rates on the working poor that actually need loans???
Why were we deflationary under Trump's last 6 months??
What about Biden printing Trillions and stopping domestic energy production our main export???
This is just a big whitewash wakey wakey the Dixie Democrats hate you
Can questions be true... or false ?
@@N3ur0m4nc3r "household balance sheets are in a great place". Household saving and debt is the worst in recorded history.
We were deflationary in Trump's last 6months
90% of all money was printed in Bidens first 6 months.
This documentary is just propoganda
He is STILL not asking the most IMPORTANT questions. Like WHY do we allow THE FED to issue OUR CURRENCY? WHY do we allow the stockholders of THE FED to get RICHER while the hard-working tax payers get POORER? It's the tax payers who pay the interest on those bonds the FED buys from the Treasury. Why pay for government spending with BONDS when we could BYPASS THE FED? We could pay for everything interest-free, with dollars issued directly from THE TREASURY. Federal Reserve notes should be replaced with TREASURY NOTES. That would keep the owners of THE FED from leeching wealth from the people who ACTUALLY GENERATE the wealth. THE WORKING TAXPAYERS. The Treasury should loan these Treasury notes to the private regional banks and make THEM pay interest on those dollars. They should also require them to provide mortgages for STARTER homes at ZERO % interest to first-time home buyers. (As long as they are a good credit risk.) The same for basic cars. They could let the banks charge whatever interest they want for luxury homes, cars and everything else. That would make the economy EXPLODE HIGHER THAN EVER BEFORE. The production of starter homes would explode, and everything associated with home ownership. Furniture, appliances, and everything sold at home supply stores like Home Depot would experience a MASSIVE boom in sales, production, and employment. THAT'S the kind of STIMULUS we need! Not passing out checks to people who never PRODUCED anything!
Thanks Frontline for this interesting and informative video we definitely need more financial education in our schools keep the gems coming.
A compelling exploration of the U.S. economy's journey through high inflation, recession fears, and the Federal Reserve's 'easy money' policy. A timely and insightful documentary shedding light on the complexities of economic policy and its far-reaching consequences.
Phenomenal, informative, non-partisan, independent, well-sourced documentary. This is what good journalism should be.
This is hands down the most terrifyingly infuriating thing I’ve seen, we need to hold the CEOs bankers and politicians accountable
That will only happen when America stops fighting over red and blue. They're BOTH crooks except for possibly a handful who retained their integrity. It was Dodd/Frank that allowed them to hide billions in unrealized losses. The government is in on the con.
CEO are doing there fiduciary duty. It is illegal for them to not use or invest capital in the most beneficial manner for it's shareholders and always has been. The issue here is world governments getting out of hand with debt with money that is based on and backed with debt.
@@jasonmarch1983 How some could watch the video and not understand what you stated is odd. The angry mob wants to hate and refuses to look in the mirror. They elected the government and now do not want to take responsibility. The citizens need to vote for politicians that are fiscally responsible and understand how painful the process will be but not holding my breath.
@@bobkrogh1670 it is all sides, and all government. it is impossible to solve now. There has never been any country to return from over 100% debt to GDP ratio without a mix of major population growth, major productivity growth, major inflation. We need to find someone to manage us through this and guide us and the world through a major currency devaluation or reset. Currently government spending is equal to 100 percent of the 4tril of tax revenue only counting soc sec medicare military and interest. And it's only going up as we our refinancing our debt at higher rates.
@@bobkrogh1670 Pretty hard to be fiscally responsible if you take PAC money, and hold no real principles.......
Bravo, James Jacoby. You've produced something to be proud of.
Thank you for providing such quality reporting.
Props to that Fed member who voted against Bernanke 8 times in a row. He saw through the lies of the QE plans and history will prove he was right.
His contrarian viewpoint is a major focus in the book Lords of Easy Money by Chris Leonard.
I actually thing QE had a logic if applied for a few quarters. The fact that they didn’t take a U turn by Q2-Q3 2021 it was IMHO the biggest mistake.
Disturbing on many levels, but for me what hit home was tech, a field which I have worked in for about 16 years and have just - happily - left. What really was tragic about tech was its financialization. So many companies more concerned with either an IPO or an inflation of their stock price than they were with creating value and solving problems. It led to all kinds of toxicity on the small scale, and lots of wasted money and talent on the large scale. But now I have come to understand that the reason tech has become like this is that it's a place to park cheap money.
The decisons in the central bank, have placed asia in rebelion against the united states, this was a decision made by the fed and a huge mistake done by the fed.The consequences? we have not seen it. This looks like a reste in the american economy is imminent.
I have to agree. Like they said, too much money. 31 trillion I guess. I wonder if we were to put a new currency into the world for 8 billion people how much would we need to borrow? $1000 per person would be 8 trillion. Yes / no?
@@timsteinkamp2245 I guess so. But why would we need to do this?
@@Filip10101 Evil is the root of all evil, I think. Money is just the conduit.
Get into something with substance like art
Phenomenal Documentary that brings everything right to the current day situation
Thank you for amazing documentary
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival
Interest rate will continue to go up to about 8% to tame the inflation. However, it is not going to work. Time will get bad for the all working people. AI will reduce the people needed to get the job done. Stock market can crash down 30-50% and move sideway for about 10-15 years.
I have just taken some savings cash and purchased new production machinery from a manufacturer in Austria, then some additional machinery from a manufacturer in Taiwan. Starting with a 7,200 sq ft building I will set up a new manufacturing plant. For a starting investment below $50,000 I anticipate it will be earning well into the eight figures after market penetration. My view is that investment in new plant, while obviously incurring lots of risk, has the potential for outsize rewards. More wealth has been created in manufacturing than in anything else. Look at Carnegie. Look at Hewlett-Packard. Look at Ford.
Buy land! Oh that's right the gov will take it by 2035 or before. Gold! Nope.The gold recall of 1933 and they will as soon as emergency powers are more and more. Continuity of government! It is in writing and has been on the books for years... All land, mineral, food and water and also covers your money and any other assets. In 1929 10,000 banks on a FRIDAY closed their doors and did not re-open! On the following MONDAY all safe deposits were raided by the banks/AKA government. Gold, silver, jewelry, cash and anything else that may have been in those boxes all were taken/AKA stolen!! None of this is speculation it is ALL FACT!! And all those who want to sit around and DO NOTHING like watching T.V. or staring at your phone will guarantee history repeating itself. MONEY AND POWER IS THE ROOT OF ALL EVIL!!! I NEVER WANT TO COME BACK HERE!!!!!!!
Almost every post on this video is a leading question towards some financial advisor recommendation. Who are these clowns?
Really great documentary on the dangers of easy money. The problem is most the people who understand the financial system cheer the fed on. Wallstreet only cares about asset prices next week, politicians only care about the economy up until the next election cycle. Nobody cares about negative consequences as long as they are more than 5 years out except the average joe, but the systems have been designed to be so convoluted and so complex the average joe has no shot of understanding them.
I have a retirement savings account I can not touch until I'm 65yrs old, so I can not cause a run on a bank.
How about those 20 investors put a bid on my foreclosured house, the very first day, sight unseen and cash in their checking accounts. One over asking price. A run on real estate.
Now I'm stuck in the rent trap. Driving a 20yr old truck. And a great career.
My daughter just graduated college, with a top career choice. And the local real estate is out of her paycheck's reach. She is also stuck in the rent trap. She found the cheapest rental property, with a higher college degree. A oxymoron.
You would think, after a top college career choice, the biggest home to buy would be waiting for her. The biggest American dream.
I'm sorry. Now where did those 20 investors come from with cash in their checking accounts?
Investors are not helping. Their "profits" are a verb.
I have a retirement savings account and I don't call it "building wealth".
"Building wealth" is clearly stating something different than a retirement savings account.
"Profits" is clearly being said as a verb.
"Passive Income" is clearly being said to avoid work.
You are both right and wrong.
The Fed priority is still raising interest rate to reduce inflations, but they also bailout SVB, Signature and other banks too.
Bailout cost inflation by printing more money.
It's a vicious cycle of raising interest rate then bailout big banks, then raising interest rate higher, to bailout bigger banks.
The End Time is that the interest rate will become so high (more than 7%) that by the end of 2030. The U.S could pay $1.200 - 1.4 Trillion in interest rate EACH YEAR!
In comparison, the current U.S defense budget is $800 billions.
That is why millennials and Gen Z are getting more depressed, they understand that hard time is coming and they will pay for the sins of boomers.
@@Commievn I feel gen z and millennials have or will get sucked in the same greedy system and if they are depressed it's only because they don't have the knowledge or forth right to jump in and participate. I'm just pessimistic though. Maybe by the time my little girl gets out of school, and those gen zs and millennials that are in those same ceo seats and government that they will have changed things, but I'm not holding my breath.
Ha so everyone is sad and depressed because they can't get rich.. cry babies... Sounds like your real problem is you love money just as much as the rich.. you are the same as those sinful boomers 😂
@@backrack01
The system has become too big to reverse.
It is similar to the U.S Gun culture. While rest of the world is becoming more peaceful or at least less destructive by violent protests, this is thanks to stricter arm control and educations.
U.S cannot do that, the ship has sailed long ago, there are more guns than people in the U.S and multiple pro-gun institutions has established and are increasing.
The pro is nobody would try to f*ck with Americans.
But the con is outweighing the pros now.
Too many gang violents, mass-shooting, and the worst is possibility of total collapse of social order.
The French is protesting because of pension reform, however, it is still under control, cause the masses don't have guns.
What will happen when U.S cuts spending on social security, welfare, healthcare, and other federal programs (to keep Americans happy) because they can no longer borrow more debts?
During civil right movements, people didn't have as many guns as we have now.
Jan. 6th would be like a kindergarten event to what could happen in the future when the dollars no longer the world reserve.
Phenomenal doc. Thank you.
Thank you for this program
Bravo! This documentary needs to be shared and shared and shared. I've had many discussions about events, but *almost always* the discussions come to a brick wall because of a lack of understanding of the financial system. I would argue that *most of the problems* we face today (inequality, fight for higher wage, advocating for socialism, homelessness, opioid epidemic, rising price, a distaste for wealthy people, you name it) are a direct result of the monetary policy since 2008...this really started with Alan Greenspan black Monday 1987, but exploded after 2008. Yes, we've had these problems in the past, but *not to this extent*
1987
But yes…our current everything bubble started with the 1987 Greenspan Put.
And the Achilles heel of the current fed is that they don’t know 30% of the labor force participate in the gig economy.
Powell wasn’t even sure what that was when asked last week by a Congress person.
Could it be argued that all this nonsense started when the US went off the gold standard in 1971?
@@elongatedpikachu4029 Going off the gold standard was a symptom of the problems that had been in place since Breton-Woods in 1946. If you want to go down a monetary history rabbit hole, look up Eurodollar University with Jeff Snider and Erik Townsend
Tl;dr facilitating global trade is complicated, and international banking entities attempting to facilitate this system end up accidentally building exceedingly complex and fragile systems.
@@JezebelIsHongry Ahh shoot. You are correct. Brain fart today. Just corrected.
@@elongatedpikachu4029 Yes. I would agree that was the true beginning. What a short sighted decision. 52 years is a long time, but still short enough for one to experience the who thing from start to where we are at in their lifetime.
This documentary is so good!
Right questions, crisp answers, no-nonsense editing, amazing work you guys!
An outstanding presentation - Very well done.
GREAT JOB on this documentary!
An outstanding presentation - Very well done. A big thank you to PBS and the whole production crew for making such topical content available and easy to understand. Initiallly I thought that watching it for an hour and fifty three minutes would be tedious in places but one would would be hard pressed to edit even two minutes from this excellent video.
@@Hilavaflow Two points to be made in my reply: Firstly, the reporter's mandate is not to comment on the risk management, or lack thereof, of the average American retirement savings. The subject is Easy Money at the federal level, not risk-reward evaluation at the personal level. Secondly, retirement saving plans are managed either by inexperienced individuals who often react irrationally, to their detriment, or by seasoned professional managers of group accounts who have educated insight into the vagaries of stock and debt markets. Grandmother's 401k or IRA should be heavily weighted towards short/medium term CIDs, annuities and their ilk, which are currently showing superlative income streams, and, if already acquired, will continue to do so regardless of future equities volatility.
1. The very last spoken words in this video are the most instructive:
2. “This is a political problem.”
3. I totally agree.
4. I know which one of the two political ideologies I voted for in 2020.
5. Which one did you vote for?
@Glenn Nel Your point of view pretty interesting and I definitely take note for future reference. Thank you !
@@Hilavaflow one of the interviewees mentions this exact point. the question is can the Fed continue to create money and bail out all market participants......while the political establishment remains on a perpetual deadlock.
Woth all due respect... This documentary does not exactly explains why Cali banks went down, not enough deposits? had to sell off treasure bonds?..
why there are not the NY banks asking for help?...
how did the bank mismanaged their funds?
Is bank going to restruct customers having the ability to have access to theor own funds? As it has happened in other world areas
Another point
Besides the 3 to 4 % increase on unemployment which PBS already had reported the feds from misrepresenting statistical data.. means what?
Am I going to loose my job? loose my car? mu house? because interest rates are going up?
Are they backing people's hard earn money or if the banck declares bankruptcy we all loose our savings?
Is this "save up" going to cause other banks to request funds from the FEDS
Should i remove all my money from my bank?
Yeah... this doc is all good... years after this issue has been solved...
But this happened 2 days ago and what is the advise for the regular person?
If you could answer please let me know.. Thanks
The downfall of Silicon Valley Bank has caused significant damage to the worldwide financial markets. As a result, investors are scrambling to revise their projections for interest rate increases and hastily selling off bank stocks across the board. As someone who has invested 200k in stocks, I find myself at a pivotal moment, wondering whether it's wise to cash out my depreciating portfolio. What strategies should I adopt to make the most of this bearish market?
The recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence
A steadfast commitment to reputable companies requires either holding steady during market downturns or increasing investments during such times. This strategy is based on the fundamental belief that well-managed enterprises will eventually rebound with renewed strength. On the other hand, investors seeking long-term profits through stock appreciation should seek guidance from a FA to identify opportune entry and exit points. My own experience during the pandemic highlights the value of working with an investment advisor, which resulted in a significant gain of $530k in just 8 months.
please can you leave the info of your investment advisor here? I’m in dire need for one.
My advisor is YUVAL ERIC BROKMAN., a renowned figure in his line of work. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
google his name.
Awesome documentary. ty very much for it.
Well Done fantastic production FrontLine
Instead of trying to predict and prognosticate whether or not we’re going into a recession, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $850k in the past 10months.
That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out.
My advisor is *Sharon Louise Count* , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the fina-cial market.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé .
Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
I agree with you, I've been in constant touch with a Financial Analyst for @approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k.,#
@Sandra Beckham My advisor is ‘’SOFIA ERAILDA SEMA’’. She’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@monerharris9430 Thank you for this amazing tip.
😢
*🌹Every family has that one person who breaks the family financial struggles I hope you become that one and successfull in life*
Assets that can make you rich
Real estate
Crypto
Stock
Bonds
Дякую людям, які вірять у хороші справи
"This is a government of the people, by the people, and for the people no longer. It is a government of corporations, by corporations, and for corporations."
Rutherford B. Hayes - Diary (11 March 1888)
1888!!! 🤯
Btw, this is another excellent piece of journalism by PBS FRONTLINE - James Jacoby and team behind. Thank you. 🙏🏼
History repeats itself...in different ways.
A corporation is simply a group of people. If Rutherford B. Hayes ever sat on an indoor toilet it would have been made most likely buy a corporation. Toilet paper made by Proctor and Gamble. Etc. Think about what you think about current POTUS.
With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the market is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery?
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
@@graceocean8323 Working with a reputable investing coach is now the greatest market approach. Since a while ago, I've been in contact with a coach, mostly because I don't have the breadth of knowledge or mental fortitude to handle these recurrent market conditions. I made almost $700k during this downturn, demonstrating that the market is more complex than most people realize.
@Finest Bear Hug It's run by Maria Juliana Ramirez, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.
Nice documentary, thank you.
We need a systemic Adjustment. Current System is Unsustainable 😊
I LOOOOOVE FRONTLINE!!!!! THANK YOU SO MUCH PBS AND IT'S DONORS!
We were deflationary in Trump's last 6 months.
90% of all money was created in Bidens first 6 months.
Biden stopped domestic energy production our largest exports
They are destroying the dollar and the economy for the great reset and digital currency. "You will own nothing and be happy"
The Dixie Democrats hate you. It should be obvious at this point
"we're like a giant blood sucker" Most honest thing a money man has ever said
If you check out Michael Hudson, a Marxist, more or less, he has been talking the same way and in detail.
Nah just the rich an conman an Alice's normal American are F'd
Elites
Debt Notes are not Money.
They've gotten to the point that they're unashamedly honest about what they've done. "Yeah, we've tanked the Economy. But so what? We got ours."
I watched this video as well two years ago 😊, it's strange that it shows that it was uploaded 9 months ago.
Great Doc.! Let US land that money plane as softly as we can.
Excellent documentary, that really starts to tell some of a large deeply entrenched story of how the few are still obscenely profiteering at cost to the many.
If the Fed is going to have to be the blunt instrument, they should just act like the adults and cut the addicts off and then take over banks and nationalize them so thins can't happen again.
They didn’t mention fractional reserve banking at all 😂
What a fantastic documentary! Oh man....a bad trip down memory lane to start. Having gone through the financial crisis with my aluminum manufacturing and construction services company was brutal.
Where we are today is right at the beginning of another 2008. I have done nothing but prepare since we came out of the last one in 2013. Seeing SVB bank collapse and 3 major construction projects we were going to do get cancelled, just had me thinking....this is it!
Financially retired and no debt will allow me to sleep well at night....don't think I'll be able to say the same for the unprepared.
Thanks PBS....your documentary lines up perfectly with our own business history. Great job presenting what's coming.
Great reporting
Great doc.
Crazy good. What a gift to have this kind of reporting in 2023.
Great video. I watch several youtube videos on how to trade in the market but haven’t made any headstart because they are either talking some gibberish or sharing their story
of how they made it and I do not want to make mistakes by taking risks in my own handswil
The best strategy to use in trading is to trade with a personal trader that understands the market very well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan, she is my current account manager with Rocketta and the bot strategies are working
I'm amazed you mentioned Katrina susan, she is the best and the bot strategies works like magic. I've been making over 100% of my investment monthly since I started using Rocketta, the trading is quiet marvellous
This is not the first time i am hearing of katrina susan and Rocketta exploits, how she handles trading and generates good profits, Rocketta has really made a good name for itself, but i have no idea how to reach her to assist me
You can reach her through TELEGRAM
Katrinasusan is the name to look for
I have literally never heard a person who wasn't working-to-survive explain it the way that the lady did around 31:50 and am grateful to have. I work a full time job and over time and, as she worded it, it doesn't pay. I never fathomed I'd be making more than my single-mother-of-three did as I was growing up, and I feel like I can't pursue happiness, because I've got to pour over budget and revise regularly. My taxes and utilities seem to be going up at a steady rate, and I have a wage that doesn't seem to match. I had forgotten the phrase "rainy day fund." I don't have $400 between pay periods for anything. Let alone, if an emergency popped up.
Excellent
America as a whole needs to see this so we can understand how we got here and what needs to be done to fix it.
Jfk and Abraham Lincoln got assassinated for trying to fix this. This is how our system is built to work and won't ever be fixed until we get rid of the central bank and fiat currency
They should play it repeat on the emergency frequency for a month. Or it should be required viewing in order to get your tax return.
the government is the problem here..this is big government/big spending run amok..get used to it
It's Corporate Greed. We are not allowed to say it because corporations don't like it.
@@justinhenry8995 government bought and paid for by corporations and the ultra rich.
This Documentary should be mandatory to watch at all schools here in America.
They'll have to sandwich it in between drag queen story hour and porn in the library
as an economics college student I felt my self esteem slightly repaired by hearing Howard Marks at 1:02:54 also struggle to recollect the definition of moral hazard