US Economic Crisis

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I’ve received hundreds of requests to explain Quantitative Easing and the US Economic Crisis.

I specifically will show you how:

Banks robbed the US during the Quantitative Easing Process
Federal Reserve spent $2.74 Trillion and got nothing in return
The bottom 90% of Americans have had their wealth stolen
US allowed Income Inequality to go so wrong
Banks are gambling in unregulated markets now
This recession compares to the depression
We can fix things

Sources are available here:


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32 responses to “US Economic Crisis”

  1. Almas Biklerbekov Avatar

    In your video "Fed" is shown as a gov organisation, however it's not true. FRS(fed) is a private company that has the founders and those who make the profit. These founders are the number of the commercial banks. So basically it's a company that prints some paper and your government loans these papers, then uses them as the money called "the dollar", and at the end pays the FRS the % for this loan. In the other words: your country does not have a national currency controlled by the government.

  2. gfxdragongod Avatar

    aaaand this is why we need Bernie Sanders as our president.

  3. wrbluesuby Avatar

    Great video! thanks for laying everything out so straight forward. I have trouble explaining this to people and now I can just point them here.

  4. wyatt Avatar

    Obama SUCKS!!!!!!!!!!

  5. jack lentilo Avatar

    Nice explanations with easy to understand charts, I really like it.

     However, I have a few questions I'd like to address.  Are you absolutely sure the Fed is a Government institution and not a privately owned entity? 

  6. Derek Banas Avatar

    I'm really amazed that they basically created a system in which senior citizens lost the income they normally received from safe assets like CDs and instead directed it towards reducing loan rates for the wealthy. None of these moves effects me directly, but I still think it is wrong.

  7. wmyl Avatar

    Fed buying mortgages my boost the money supply, but buying Treasuries does not; it only reduces interest rates. If the Fed had given all that money out to citizens, then that would have created inflation. I'm not saying that is a bad thing; I still think it would have been better, but they are not equal because buying Treasuries pulls as much money out of the economy as as puts in (Treasuries satisfy capital requirements at banks).

  8. Derek Banas Avatar

    They most definitely are exploiting other countries. The whole continent of Africa has been looted as the people that live there starve. It is very understandable for other countries to blame countries like the US, but the people here have no control over our government. The politicians also use very effective marketing to get just enough people to believe so that there are no riots. As I got older I just decided to do whatever good I could do and then hope for the best 🙂

  9. Prashanth Akunuri Avatar

    I used to feel guilty just when I think that western countries actually exploit poorer countries but seems it's just a fact. I better say greedy people instead of western countries.

  10. Derek Banas Avatar

    One of the major problems is that the wealthy few like the benefits of inexpensive labor, but they don't like the fact that eventually those employees will demand a living wage. In the past they would just move on to another country and sign agreements with governments for more zero cost labor. The problem is that there are no more countries to move to. Technology is forcing the world to change, but those in power stand to lose their wealth if that occurs. I could go on forever 🙂

  11. Prashanth Akunuri Avatar

    I have seen few other presentations, videos and documentaries on the economic crisis but after watching your video, figures seem quite scary than I thought before. Seriously, it seems the world isn't the same anymore and we don't know where are we heading.

  12. Derek Banas Avatar

    I can't see any reason why increasing tariffs to a point in which both countries can be on equal footing wouldn't be a bad idea. The US anyway has been running consistent trade deficits since 1980. The US since 1992 has a per month deficit of 32.029 Billion dollars. I can't see how that benefits the US citizens. I know the corporations do well. I agree 100% with what you said about QE. Personally nothing I say here effects me. I just worry about other people

  13. InstTaxSolutionsLLC Avatar

    Increasing tariffs is a double edged sword in that once one country increases tariffs, other countries soon follow suit. Hence, this has been proven not to work. Part of the reason that QE was not a resounding success is that the banks held the funds they received from the Fed and did not provide much needed loans which was part of the intent of QE.

  14. Derek Banas Avatar

    I agree. I don't know if their is an economist, or financial expert that can explain how to solve so many issues. Technically I'd be considered a financial expert since I'm a Chartered financial analyst. I can tell you that everything I was taught provides no solution for the mess we find ourselves in. As people without wealth progress those with it must lose unless there is a massive amount of growth globally unlike we have ever seen

  15. Piotrek127 Avatar

    It should be noted that Chomsky is an expert in linguistics and a political commentator, NOT an economist or financial expert. This shows.

  16. Derek Banas Avatar

    The world stopped making sense to me a long time ago

  17. Janice Nichols Avatar

    The thing that's so sad is that the majority of those 80% just don't understand and that's the way the top 1% want it. Just really sad.

  18. Derek Banas Avatar

    There isn't really any way to change anything. If you try to inform people of the truth it normally just causes arguments. I decided a long time ago to focus my efforts on trying to help people in a positive way. Anything in regards to politics I consider a big waste of time.

  19. Herp Derpingson Avatar

    I always thought of this. Never had the audience to ventilate. 😀

  20. Derek Banas Avatar

    Some thoughts from a man much smarter then me
    Chomsky on Indoctrination : youtube.com/watch?v=JVqMAlgAnlo
    Chomsky on Capitalism : youtube.com/watch?v=o_2A684dAdA

  21. Herp Derpingson Avatar

    Its funny how so few earn so much. 😐
    Is it a necessarily evil? Will something break if we somehow prevent that?

  22. Robbie Middaugh Avatar

    this point is. that cleary that is fucked up lol and needs to be fixed.

  23. Derek Banas Avatar

    You're very welcome 🙂

  24. kevcass16 Avatar

    Thanks for the video good sir!

  25. Derek Banas Avatar

    I'll check it out. Thank you 🙂

  26. Skibum Willy Avatar

    Find the answer in the short film “Mankinder (Occupying Chairlifts)”! A guy working in the white house calls on an underachieving old college buddy, to solve the economy from it’s debt and unemployment troubles. A couple brief conversations with the reluctant skibum corrects the course of humanity’s future. A simple rule tweak on inheritance ends up changing the direction and purpose of modern human life! Watch “Mankinder (Occupying Chairlifts)” on youtube.

  27. Frederick46M Avatar

    It shouldn't surprise us that businesses will do whatever they can to save a few cents here and there. But in order to create real jobs, perhaps national or local government needs to turn to professional economic crisis specialists such as the Orlando Bisegna Index. Their program has helped a number of US counties with debt problems, business failures, and unemployment, thus improving the economic condition of many families.

  28. Derek Banas Avatar

    Median Household Income: $52,762 / 2.6 (Avg. People Per Household) = $20,293 or if you just count 2 people working $52,762 / 2 = $26,381 (2011 Numbers) This includes the entire US

  29. Timothy VanSlyke Avatar

    No. on average that's what the bottom 80% makes. there are some higher and lower.

  30. Astro Boomboy Avatar

    It all started to go down with Reagan.

  31. Astro Boomboy Avatar

    A lot of Americans are really poor, is it really true that 80% of Americans make less than 20,000 a year? Because 20,000 a year is not a lot of money, that's what I made each year working part time while I was a student…

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