Nearly 100 years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed ...
See full summary »
Nearly 100 years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed Chairman's every word. Yet the average person knows very little about the most powerful - and least understood - financial institution on earth. Narrated by Liev Schreiber, Money For Nothing is the first film to take viewers inside the Fed and reveal the impact of Fed policies - past, present, and future - on our lives. Join current and former Fed officials as they debate the critics, and each other, about the decisions that helped lead the global financial system to the brink of collapse in 2008. And why we might be headed there again.Written by
In the short segment about the 1910 private rail car trip of several important bankers, plus Senator Nelson Aldrich, from Hoboken, New Jersey to Jekyll Island, Georgia, two pieces of old black-and-white film footage of train travel are used to illustrate the trip, with one of those pieces showing curving tracks in a mountainous landscape. There are no curving tracks in a mountainous landscape on any normal rail route from Hoboken to Jekyll Island. See more »
the best Documentary on the topic are the money master and Money As Debt,i assume the producer At least have seen them but they haven't.
for the part where money was created，Borrowing is the major way ，when someone Borrow from bank where does the money come from，does it came from your Account? i don't think so . if this was the case you will notice. does it come from bank's money? i don't think so ,they need it for the Bonus. in fact it's money from nowhere created by the bank, it's a Obligation that bank has to pay the Borrower in exchange for the the Promise that the Borrower will pay back more, yes it's that twisted, for instance the Borrower spend the money and the money usually end up in some Account in the bank, bank's Assets(everyone's saving plus the Borrower's Promise) and its liability (Obligation to pay Depositor and the Borrower) both increase ,and as long as the bank's Assets is greater than its liability ,the came can continue forever.
as for the fed which is a Private bank with its own share holders just as the Central Bank of the United Kingdom, it is responsible for the Creation of U.S. dollar. the Borrower is US government.
as for Greenspan who has been Praised a lot by the movie (at least by the people they Interview) is not the Reason for the U.S. economy to be Prosperity in 1990. the true Reason is that sucker like china gone dollar-Fever , they pumping low-cost merchandise into US in exchange for green paper which keep the Cost of Living low while Destroy the manufacturing industry of US thus free the whole Country to work in Financial sector which Attract suckers all over the world to Invest in its Stock market. lots of Big shot Appear in the movie, but it didn't help, because they only help Themselves
in the end they try to Summary that the wallstreet did what they did because fed made the money easy and the fed did what they did because they are simply unware of the Consequence of their Behavior, which is so not true, anyone with a basic Knowledge of Economy knows what would happen if the Leverage was too high
a better choose of Documentary on Financial crisis would be inside job and meltdown by cbc
5 of 13 people found this review helpful.
Was this review helpful to you?
| Report this