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The Age of Easy Money
Posted on 4/5/23 at 12:30 am
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
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 on 4/5/23 at 12:34 am to foosball
I just watched the whole thing. Thanks for sharing.
Posted on 4/5/23 at 1:39 am to James11111
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
We are soon going to be a frickin banana republic with billionaires and poor people only
Posted on 4/5/23 at 6:26 am to foosball
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 on 4/5/23 at 6:42 am to TutHillTiger
Get as far away from the city, and with as much self-subsistence as possible.
Posted on 4/5/23 at 6:53 am to foosball
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 on 4/5/23 at 7:20 am to foosball
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 on 4/5/23 at 7:30 am to TutHillTiger
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 on 4/5/23 at 7:32 am to grizzlylongcut
There would have been a correction sooner or later but all the covid stimulus has made it potentially a lot worse.
Posted on 4/5/23 at 7:39 am to TutHillTiger
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 on 4/5/23 at 7:45 am to James11111
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 on 4/5/23 at 7:55 am to foosball
I knew the money was too easy when Gaucho briefly became a millionaire in early 2021
Posted on 4/5/23 at 7:58 am to foosball
Not too worry, the new emphasis on ESG will lead to a renaissance
Posted on 4/5/23 at 8:19 am to foosball
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.
Ironically, I am not a money guy. I am a 9-5er but anyone with 2 damn braincells should have seen this coming.
Posted on 4/5/23 at 8:29 am to foosball
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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