Paul Volcker - The Man Who Saved America | A Finance Documentary
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- čas přidán 10. 08. 2022
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After surviving an assassination attempt, Paul Volcker put everything on the line again in order to save America from hyperinflation. How did he do it?
Learn more about Volcker -
📘The Quest for Sound Money and Good Government (amzn.to/3AdSPfT)
📘Paul Volcker: The Making of a Financial Legend (amzn.to/3C5Yh5M)
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#inflation #federalreserve
This is better than netflix great work
Yeah!
Twisted from begining who sponsored this work?
America in early 19 centries had no central Bankin so was successful right? So why then they had crisis 1907 at J.P Morgan big Bank where else? How money was there now there are central Banking and we have now biggest in this centrie collapse creted by Banking Cartel fool people. What I am saying is all global and national crisis are created by the Banking Cartel.
It is evident in all cases and now another well made promoting fals disorted info on who control world money supply and crete crisis and conflicts.
AGR ee
Far better than,
No cap 💯💯💯
It's true what Simon Sinek, author of "Leaders Eat Last" once said, that great leaders are those who make the right decision under a lot of pressure, even if it costs them their position. This was the case of Jimmy Carter in my opinion. The media tends to praise those that cause recessions, rather than those who fix them.
Jimmy didn't fix anything. The real rate hikes began after Carter left office. It was Reagan who had to deal with the severe recession in '82. Moreover, it was the Feceral Reserve that created the currency inflation by monetizing part of the cost of "guns and butter" policies of 60's and 70's. The Fed sucked excess dollars back out of the system that they created from the start.
The problem with Jimmy Carter is that he was perceived as too weak and unsuited for the job. Telling Americans to wear a sweater to save money is a terrible PR message for the President of the richest country in the world, and the whole Iranian hostage crisis was a complete humiliation.
And then Americans could see what was going on across the pond in Britain where unions plunged the country back to the 19th century and people had to literally use CANDLES just to do their work at night, so voters just decided that they were fed up with liberal policies, and thus the incredibly strong Reagan/Thatcher backlash occurred.
@Bruce Snyder LBJ was just as guilty of guns and butter. The so-called Great Society programs and part of the cost of the Vietnam War were monetized by the Fed. That didn't start with Nixon. Volcker didnt start raising rates until late in Carter's term. Reagan had to bear the brunt of 20% interest rates, which caused a severe recession in '82.
@Bruce Snyder Reagan stuck with Volcker during the severe '82 crash. Republicans lost seats due to that recession. As for Volcker, his position of Fed Chair shouldn't exist, because the Fed is unconstitutional. Having said that, at least he allowed rates to normalize. He was the last Fed Chair who wasn't a crackpot inflationist.
@Bruce Snyder Jim Grant is very good. He is influenced by the Austrian school of economics, especially their monetary and banking theory. Also check out David Stockman's book "The Great Deformation." He critizes both parties and every Fed Chairman since Arthur Burns with the exception of Volcker, whom he praised.
0:21: 📉 Von Braun blames the Federal Reserve for his misfortune and attempts to put an end to it, but fails and gets arrested.
6:10: 📉 The decline of Great Britain leads to the American Century, with the US dollar replacing the British pound as the world's reserve currency, but the US Federal Reserve's actions violate the Bretton Woods agreement and lead to inflation.
11:01: 📉 Inflation in the US in the 1970s led to a crisis, and Paul Volcker was appointed as the new chairman of the Federal Reserve to address it.
15:31: 📉 Paul Volcker successfully tames inflation through tough monetary policies.
20:28: ✨ Paul Volcker's intelligence and perseverance restored the credibility of the United States and set the stage for the third Industrial Revolution.
Recap by Tammy AI
After watching all those videos on hedge fund managers countless times, I've come online to check on Rocky's new episodes from time to time. This new documentary on Volcker has got me to sign in and put down my first ever comment on CZcams...... Incredible Incredible Incredible!!! I feel guilty not having to pay a dime for this.....
Wow, thanks!!
@@Finaius Just curious, where do you get your footage from for your channel?
@@elliottharris9015 Besides film clips, I create the rest of them with 3d on Unreal Engine.
@@Finaius amazing
Anything helps these guys,like button ,comment,$$
I always wanted to find out about this guy because I read some of Ray Dalio's stuff and the guy can't stop talking about Volcker. So thanks!
Twisted from begining who sponsored this work?
America in early 19 centries had no central Bankin so was successful right? So why then they had crisis 1907 at J.P Morgan big Bank where else? How money was there now there are central Banking and we have now biggest in this centrie collapse creted by Banking Cartel fool people. What I am saying is all global and national crisis are created by the Banking Cartel.
It is evident in all cases and now another well made promoting fals disorted info on who control world money supply and crete crisis and conflicts.
Where can I find ray Dalio?
@@kingstonstreet3726 what do you mean find him? I just read his books and am subscribed to his "newsletter" (or however it is called) through his website.
The Fed can't do what Volcker did now because the entire economy is too indebted. It would entail a crash far greater than in '29 or '08.
@@kingstonstreet3726 he has a you tube channel
Please do a doc on Reuben Sturman, the American business man who pioneered tax havens and tax evasion strategies still utilized by the ultra wealthy to this day.
Just enter politics. The media protects you while your son makes billions tax free
I was wondering when a new video was coming... nice to have you back man!
Will try to release more often
@@Finaius thanks for your efforts mate
This is an absolutely fantastic channel. One of my favorites! Thanks for all your hard work.
Every time you upload, i know im in for quality content 👍😎
I concur
WOW. Amazing video as always! You manage to turn something "boring", that you read about in school books, into an exciting video.
Also, big respect to Volcker and Carter for putting their own necks at risk and doing the right thing - that takes courage!
Most underrated CZcams channel in history!!! Thanks for all these vids u do man!!! Love this channel!!!
These are so great. Thank you for making these mini documentaries!
Since you mentioned the adoption of the Central bank, you should do a documentary on the Jekyl Island meeting that made it possible. Explore the reasons it was so secretive and name the players. It is a very interesting and obviously impactful meeting that occurred.
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Read "The Creature from Jekyll Island" to learn about the reasons for the creation of the Fed.
I used to be against the federal reserve but have since changed my mind.
The Central Bank system certainly has its flaws but what would be the alternative? A barter system? Gold backed currency? Or precious metals as currency maybe copper and silver?
What most people don't understand is that the population growth creates demand for more everything including currency. With the current system it allows loans and more free flowing currency on demand when needed. It's not perfect but it fits with our 7billion plus world population and economy.
@@MARZOSIRUS The Federal Reserve and the IRS are criminal organizations that are stealing the wealth of the people over multiple generations to subjugate us into slavery. A central bank is one of the planks of communism. We need gold-backed currency created and controlled by "We the People" instead of international bankers who have no loyalty to America and the values this country was founded upon.
@@MARZOSIRUS the issue isn’t the system but the people behind the system. It needs to be controlled by state officials not private foreign individuals
This is one my top CZcams channels. Thank you guys for all you do for us Investor/Finance enthusiasts!
I recommend everyone read/listen to a book called "The creature from Jekyll Island." It provides a comprehensive understanding of the history of the Federal Reserve. Most people have no idea what they do or why they were even created so if you wish to discover that check the book out. The amount of power and influence the Federal Reserve yields is truly amazing.
It won’t change anything. The power grip of those in charge is too strong.
@@icyblue4541I agree 100% but hopefully it sparks creativity and a better understanding of how to go about financial information like it did for me. Too many people are running around clueless just because a “higher authority” is telling them xyz
@@Jayhawkfinance 1000% agree with you. We need more ppl like you to help spread awareness. We need that at min.
Sir, you are one of the few for which I turn off my adblock. Thanks for all of your research and for chewing the schemes down for us.
hi Rocky! Great video, I really loved it!! You really outdid yourself again!!! Quality is impeccable!🤩🤩🤩
Your video editing is so impressive! That was amazing to watch 😁
Just want to say your videos are the absolute best! I’m just getting started in my finance career, studying for my series 6/63 right now and your vids are basically all I watch during any of my breaks.
✍️👍
best in the game - I love these finance documentarys !!
Boy you make great documentaries. Very informative. Keep it up.
These videos are so fun to watch. Great work man
Those documentaries are like music to ears.. thanks bud for the hard work you do 👏👏
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One of my favorite takes are these series on fed. Worth a watch and 22 mins felt like 20 secs, great production as usual.
My mans back producing quality things 🙌🏽
Storytelling at it's best! Content level reaching sky high! Amazing job bro, can't even imagine how much time and effort you put into creating this! Great stuff!
great quality of videos , makes the information very digestible and mainstream
High quality informative vedios are very hard to find on CZcams.Hats off for your amazing content 🙏
Twisted from begining who sponsored this work?
America in early 19 centries had no central Bankin so was successful right? So why then they had crisis 1907 at J.P Morgan big Bank where else? How money was there now there are central Banking and we have now biggest in this centrie collapse creted by Banking Cartel fool people. What I am saying is all global and national crisis are created by the Banking Cartel.
It is evident in all cases and now another well made promoting fals disorted info on who control world money supply and crete crisis and conflicts.
*Videos
@@usernever2739 thanks lad it was in a hurry ...
Can’t wait for the continuation of this one … awesome stuff
Twisted from begining who sponsored this work?
America in early 19 centries had no central Bankin so was successful right? So why then they had crisis 1907 at J.P Morgan big Bank where else? How money was there now there are central Banking and we have now biggest in this centrie collapse creted by Banking Cartel fool people. What I am saying is all global and national crisis are created by the Banking Cartel.
It is evident in all cases and now another well made promoting fals disorted info on who control world money supply and crete crisis and conflicts.
this is quickly becoming a favourite channel of mine. Please keep up the great work
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Bro pls do more of these these are way better then movies and Netflix and games, it's so interesting and also you get way smarter and motivated in the same time it's better then college or school will ever teach you
These documentarkes are insanely good! Again another quality piece🤩 Why do i even have netflix anyways!?!?
Thank you for your great work!
These are such good quality. It's like I'm watching the History channel.
Love these! Awesome work!
Congratulations, great work, I am learning a lot about economic history in your CZcams Channel!
wow dude this is great editing and documentry skills. First time watcher, commenting at like 1:40 into it.. it's really well produced.
This was a great video, Keep up the great work!
amazing work yet again. Love your videos
Great one Rocky!
Keep em comin!
Great vdo. One of the best episodes. 👌👌👌 Pls continue making such quality vdos on famous people connected to the finance industry. Also 20 mins vdos are perfect and great, it doesn't make us feel it's too long. 😎😎😎
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FINAiUS, you are truly professional and insightful. Thank you for your work!
Amazing documentary! Super interesting!
Great video man. It seems Paul was right about financial regulations considering what happened in 2008.
Impeccable as always rocky.
Best damn channel on CZcams. You're a great documentary maker!
Man, Beautifull production, its like ART of the financial markets
Great work!! It’s good to diversify into narrating historical events!
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I just scroll on your video playlist.. you really got some a lot of interesting videos there!! 👍
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This is quality, thank you!
Love all your vids. Godspeed bro
I have been binge watching this stuff it's great.
Thanks for this kind of videos bro
The quality of this video is insane
3 minutes in, and I can tell this is gonna be good video!
Good work thanks for these videos
SUPER INFORMATIVE. THANK YOU.
Hi Rocky keep it up !!! Great job
Love these Documentataries, I can't sleep waiting for the next Upload. Thank you FINAiUS for this powerful contents.🙌
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Great doc, thanks
I have read about him, he really humble person.
Love your work ❤️🙏
Great Timing!!!!
This is great stuff keep it coming 👏 👌
Great narration and presentation of historical accounts.
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Unbelievable level of work. Wonderful!
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Brother make weekly content because your video is so good.
Will try doing bi-weekly!
PLEASE keep up the hard work!
Love these videos
Great content. Great story telling.
appreciate you so much
Amazing, helped me connect a lot of dots
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That is an interesting point: regulation can prevent 'too big to fail', gov can regulate monopolies via law, they can regulate over taxation - all regulations that corporations would deem favorable unless they are somehow on top. I always think of regulation as a hindrance to business or the economy, or to limit abuse of the environment, workers or the government... but it does work in the other direction I suppose.
The legend is back.
great work in doing research history
Thank you for well done work
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Amazing! thank you.
Great job
Love it, keep at it
As usual superb. You got excellent skill set of presentation. If possible create a mini series on how federal reserve was created and who were part of it and why.
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Incredible quality of content. That’s how I know this isn’t something from Netflix lol.
Rocky.... That hostage intro was INSANE!!!!!
Haha Right!?
Excellent voice speed and quality 👍
Paul Volcker had the guts that few central bankers today have💯💯
This is my favorite channel on CZcams.
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Perfect I loveing this content
Life is just to love and to be Loved 💘💜 Love alone can Conquer the World.
This video is the new gold standard
wow what a production...
Very Insightful 💯
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Amazing!!!!
My favourite channel ❤
Amazing 💎💎💎
Crazy quality for free !
Thnk you very much ,you videos changed my life
This made my day!
Rocky my boy!
Thanks
I think Jimmy Carter should get some credit also for making the unpopular action of selecting him and the short term results of it.
Carter is one true honest man!
Hey great video. Please can you make a video on the different finance careers and the degrees to attain them. Thanks
Great work