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The Age of Easy Money

Posted on 4/5/23 at 12:30 am
Posted by foosball
Member since Nov 2021
2304 posts
Posted on 4/5/23 at 12:30 am
YouTube

Also on prime video

TLDW the fed overcooked the economy with QE and ultra low rates for 12 years, and now we’re in the midst of a painful correction
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5662 posts
Posted on 4/5/23 at 12:34 am to
I just watched the whole thing. Thanks for sharing.
Posted by TutHillTiger
Mississippi Alabama
Member since Sep 2010
49830 posts
Posted on 4/5/23 at 1:39 am to
It didn’t benefit hardly anyone with a net worth under 100 million as banks git tight after the Goldman Sachs collapse of of 08 and really have cut off lending to the middle class. Even is poor millionaires worth 8-10 million have had hard time.

We are soon going to be a frickin banana republic with billionaires and poor people only
Posted by Hurricane Mike
Member since Jun 2008
20059 posts
Posted on 4/5/23 at 6:26 am to
quote:

and now we’re in the midst of a painful correction


This isn’t a correction, it’s the entry into the Great Reset
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3832 posts
Posted on 4/5/23 at 6:42 am to
Get as far away from the city, and with as much self-subsistence as possible.
Posted by OweO
Plaquemine, La
Member since Sep 2009
122105 posts
Posted on 4/5/23 at 6:53 am to
Saying the fed reserves is the blood supply is a good analogy. I only made it to that point, but I will watch it throughout the day.
Posted by Bdiddy
Member since Jul 2021
332 posts
Posted on 4/5/23 at 7:20 am to
Excellent documentary. I've been sharing this for a few weeks. I'll probably watch it again. For all of the government's talk about wealth inequality, they could not have done more to perpetuate it had they made it a priority.
Posted by grizzlylongcut
Member since Sep 2021
15370 posts
Posted on 4/5/23 at 7:30 am to
quote:

We are soon going to be a frickin banana republic with billionaires and poor people only


Soon? We’re already there, baw.

We’ve got fraudulent elections, a two-tiered Justice system, and now we’re arresting political opposition on made up bullshite. We’ve got bands of thugs marauding the streets with no consequences.

This is a banana republic.
Posted by Diseasefreeforall
Member since Oct 2012
7369 posts
Posted on 4/5/23 at 7:32 am to
There would have been a correction sooner or later but all the covid stimulus has made it potentially a lot worse.
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4600 posts
Posted on 4/5/23 at 7:39 am to
quote:

Goldman Sachs collapse of of 08


Uhhhhh that's not the bank that collapsed in 08. Do you really know what you're talking about?

quote:

It didn’t benefit hardly anyone with a net worth under 100 million


Huh? There have been staggering amounts of people who have been able to buy a home because of low interest rates. It benefited many of them. We'll all have to pay the price for low % rates but it benefited many people.

quote:

have cut off lending to the middle class. Even is poor millionaires worth 8-10 million have had hard time.


You have no idea what you're talking about. I'm nowhere near an 8-10 millionaires and getting lending is not "hard" Now I have excellent credit and manage money well but if you think banks should be loaning out to anyone who wants money you're mistaken.
Posted by CocomoLSU
Inside your dome.
Member since Feb 2004
156510 posts
Posted on 4/5/23 at 7:45 am to
quote:

The Age of Easy MoneyPosted on 4/5/23 at 12:30 am

quote:

I just watched the whole thing. Thanks for sharing.
Posted on 4/5/23 at 12:34 am to foosball

Posted by Upperdecker
St. George, LA
Member since Nov 2014
33481 posts
Posted on 4/5/23 at 7:55 am to
I knew the money was too easy when Gaucho briefly became a millionaire in early 2021
Posted by biglego
San Francisco
Member since Nov 2007
84652 posts
Posted on 4/5/23 at 7:58 am to
Not too worry, the new emphasis on ESG will lead to a renaissance
Posted by Animal
Member since Dec 2017
4341 posts
Posted on 4/5/23 at 8:19 am to
I was screaming this shite back in 2009 with the whole QE stuff.

Ironically, I am not a money guy. I am a 9-5er but anyone with 2 damn braincells should have seen this coming.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
44399 posts
Posted on 4/5/23 at 8:29 am to
Typical PBS spin. It's that the central bankers just didn't do it right and our financial executives ripped us off! It's not that the gov't created the '08 crisis and in fixing it has created another crisis. Nah. Couldn't be that. Altruistic gov't and evil greedy corporations.
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