The Bubble | movie | 2018 | Official Trailer - video Dailymotion

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Diving deep into the true causes of the Great Recession, the financial crisis of the 2010s, renowned economists, investo | dG1fR2N6Q01KUGJ4dzQ

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00:00Yes, Lehman Brothers filed for bankruptcy, and sure, Merrill Lynch was sold for pennies

00:15on the dollar, and granted, insurance giant AIG is teetering on the brink, and the Dow

00:21plunged 500 points.

00:22I think the system basically is sound, I truly do.

00:25The most tempting, most prudent move for insurance company, bailout, the most prudent move is

00:47a bailout, bailout the insurance company.

00:51A sincere congratulations to everybody out there who pays taxes in the United States.

00:57We just bought an insurance company!

00:59Congratulations!

01:00I had to make the decision to use your money to bail them out.

01:07Well, the United States is in a recession, it's going to be the worst recession we've

01:10had in a long time, perhaps since the second world war, because the federal government

01:14keeps making mistakes, the central bank makes mistakes, the treasurer makes mistakes, everybody

01:20keeps making mistakes.

01:21So, well, then you get the argument, well, this is not a stimulus bill, this is a spending

01:25bill.

01:26What do you think a stimulus is?

01:31That's the whole point.

01:33No, seriously.

01:39That's the point.

01:41We got into our mess by spending too much money, running up too much debt, and printing

01:45too much money, and that's exactly what we're doing.

01:48We're printing money and running up debt.

01:50So you don't see any light between you and what Mr. Bernanke is doing?

01:55I think he's doing an excellent job.

01:58The fiscal policy has been unprecedented, the monetary policy has been unprecedented,

02:03and yet we've had the slowest recovery on record since World War II.

02:09And it took them four years, but they now have reflated the bubble to an even greater

02:14degree, the financial bubble, I mean, than it was in the fall of 2008.

02:19How about on Wall Street?

02:20How about stocks and bonds and art and Ferraris and farmland?

02:25Assets are up.

02:26The asset-holding portion of the community thinks it's great, right?

02:29You think it's great.

02:30It is not great.

02:31I don't think it's great.

02:32The Fed can't, the Fed can change how things look, it can't change what things are.

02:38So the trick is to find the appropriate moment when to begin to unwind this policy.

02:43And that's what we're going to do.

02:45When the Fed surprises everybody and does more QE, and people realize the box that we're

02:50in, that it's QE infinity, that there is no exit strategy, that exit is impossible, that

02:56it's ever larger doses of this monetary heroin, the bottom is going to drop out of the dollar.

03:02I hope they don't lose confidence in their government.

03:04I can see why there's skepticism, but it's the only government we got.

03:14Oh.

03:17Oh.

03:20Wow, wow, wow.

03:23Wow, wow, wow.

The Bubble | movie | 2018 | Official Trailer

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