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Thread: PBS Frontline to air "The Power of the Fed" investigative documentary Tues 7-13 10pm et

  1. #1

    PBS Frontline to air "The Power of the Fed" investigative documentary Tues 7-13 10pm et

    https://www.pbs.org/wgbh/frontline/f...er-of-the-fed/

    Former Fed insiders are involved so it's probably safe to say that this is sanctioned by the Fed and imo is the start of the popping of the multitude of bubbles it has created, heading into the periodic but usual fall crash period. It doesn't sound like the show will reflect very positively on the central bank's policies of free money to member banks, which causes the bubbles that eventually result in Main St losing their shirts, while Wall St gets richer and no one ever goes to jail for breaking laws.

    JPow goes in front of Congress the following two days...
    Last edited by devil21; 07-12-2021 at 08:20 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  3. #2
    Another investigative whitewash from Power Broker Showcase.
    "Stupidity got us into this mess. Why can't it get us out?"--Will Rogers

  4. #3
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  5. #4
    The fed has clearly done more harm than good this entire calendar year . There is no other way to spin that .
    Do something Danke

  6. #5
    Quote Originally Posted by acptulsa View Post
    Another investigative whitewash from Power Broker Showcase.
    Straight up pro-Fed propaganda IMHO.

  7. #6
    Quote Originally Posted by Lindsey View Post
    Straight up pro-Fed propaganda IMHO.
    It looked to me to be about 60% negative, 20% positive (Alien Kashkari's excuses, mainly) and 20% hand-washing/distancing by former Fed officials. I didn't see much that the average viewer would think reflects positively on the Fed. Wall St gets richer, millionaires become billionaires, bailing out corporations....but hey, Kaskhari says at least you still have your $#@!ty taxed job so be happy pleb.

    The Fed's dual mandate is max employment and stable prices. Max employment to facilitate income tax collection to pay the national debt interest (plus the Fed's 6% annual stock dividend to shareholders) and stable prices so the taxpayers don't complain too much about the taxes. We can toss the stable price mandate out the window lately. They've shown that taxes really aren't even needed with MMT. It's just a way to funnel your labor into the pockets of the Fed's shareholders and national debt holders and to keep the laboring plebs' ability to challenge their owners suppressed. Just work the $#@! job, pay the taxes, watch the idiot box and eat the GMOs. And now, add take the shots to the list.
    Last edited by devil21; 07-15-2021 at 10:09 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  8. #7
    Quote Originally Posted by devil21 View Post
    It looked to me to be about 60% negative, 20% positive (Alien Kashkari's excuses, mainly) and 20% hand-washing/distancing by former Fed officials. I didn't see much that the average viewer would think reflects positively on the Fed. Wall St gets richer, millionaires become billionaires, bailing out corporations....but hey, Kaskhari says at least you still have your $#@!ty taxed job so be happy pleb.
    I watched it. Kashkari was the only person who who made a forceful case for Fed policies. Two former Fed officials make a tepid case. And about ten people blamed the Federal Reserve on every single thing. Some good points about risks and moral hazard were made but the whole thing was a borderline hit piece on the Federal Reserve.

  9. #8
    Quote Originally Posted by Krugminator2 View Post
    I watched it. Kashkari was the only person who who made a forceful case for Fed policies. Two former Fed officials make a tepid case. And about ten people blamed the Federal Reserve on every single thing. Some good points about risks and moral hazard were made but the whole thing was a borderline hit piece on the Federal Reserve.
    I came away with the impression that it was saying, "they did the best they could, given the circumstances, and none of it was their fault - everyone else didn't behave in the spirit of how we wanted them too."



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  11. #9
    Quote Originally Posted by Lindsey View Post
    I came away with the impression that it was saying, "they did the best they could, given the circumstances, and none of it was their fault - everyone else didn't behave in the spirit of how we wanted them too."

    That's is almost exactly what Kashkari said when he said regulators were the problem. He was the one person who made the case for Fed policy they included to make it seemed balanced.

    Everyone else blamed the Fed for everything. Wealth inequality, stock buybacks, climate change, and whatever the outrage of the day is. I don't what the right policy is for money but I automatically know when someone mentions stock buybacks, the person is a glue sniffer.
    Last edited by Krugminator2; 07-16-2021 at 11:06 AM.

  12. #10
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  13. #11

  14. #12
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  15. #13

  16. #14
    Quote Originally Posted by Lindsey View Post
    Straight up pro-Fed propaganda IMHO.
    While true (we could expect nothing else from an Establishment-funded mouthpiece), there are two important points that should not be overlooked: 1) The fact that this documentary had to be made at all (damage-control) shows that there is a tangible shift occurring in the public consciousness in respect to central banking (fueled, in part, by the emergence and growth of Bitcoin) and 2) the long-run impact of the Ron Paul movement and allied movements should not be measured in terms of congressional seats etc. but in terms of changed minds.

    As a movement, we may be questioning, "What is our purpose??" since Ron Paul clearly will not be running again for President. But here it is right in front of you -- the Fed does not want to talk publicly about the Fed. And yet they are forced to. That's progress. And when you're dealing with a global behemoth like this, any sign of progress at all is momentous. I wouldn't waste time reading the script or thinking about how this damage-control piece is designed to manage and quell John Q Public's potential outrage. Rather, I look at the fact that the damage-control is required at all. Watch the behavior of the officials who are being interviewed -- defensiveness is always a good sign and shows that they themselves are losing confidence in their own "unquestionable" claims to power...
    = John 6:38,39

  17. #15
    Quote Originally Posted by ClaytonB View Post
    While true (we could expect nothing else from an Establishment-funded mouthpiece), there are two important points that should not be overlooked: 1) The fact that this documentary had to be made at all (damage-control) shows that there is a tangible shift occurring in the public consciousness in respect to central banking (fueled, in part, by the emergence and growth of Bitcoin) and 2) the long-run impact of the Ron Paul movement and allied movements should not be measured in terms of congressional seats etc. but in terms of changed minds.
    Those are the good news. Number three is bad news: They're trying to replace it with a global variant, still backed by nothing, still enriching the banks, still inflating your wages and savings away, still printed by them and them alone.
    "Stupidity got us into this mess. Why can't it get us out?"--Will Rogers

  18. #16
    Quote Originally Posted by acptulsa View Post
    Those are the good news. Number three is bad news: They're trying to replace it with a global variant, still backed by nothing, still enriching the banks, still inflating your wages and savings away, still printed by them and them alone.
    That is true. The real question is whether they can pull off a digital-1933 gold heist again. "Turn in your Bitcoins or spend 10 years in Federal prison and pay a $10M fine." Otherwise, cryptoheads will just ignore the fake digital currency and it will collapse under its own stupidity.
    = John 6:38,39



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  20. #17
    Quote Originally Posted by Krugminator2 View Post
    That's is almost exactly what Kashkari said when he said regulators were the problem. He was the one person who made the case for Fed policy they included to make it seemed balanced.

    Everyone else blamed the Fed for everything. Wealth inequality, stock buybacks, climate change, and whatever the outrage of the day is. I don't what the right policy is for money but I automatically know when someone mentions stock buybacks, the person is a glue sniffer.
    I dont think the avg guy thinks the fed is influencing climate or care about stock buy backs but otherwise it is going to be a hard sell that they are doing anything with the avg citizen in mind when they publicly support graft bills like this trillions in infrastructure that obviously further devalues the dollar while people are seeing real inflation for the first time in many of their lives.
    Do something Danke

  21. #18


    You must spread some Reputation around before giving it to Danke again.

  22. #19
    I didn't watch it but Peter Schiff reviewed it and he said they weren't upset with the fed for creating inflation, just that they were giving the printed money to the rich. So apparently if the fed would helicopter drop money in a poor neighborhood that would be great according to pbs.



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