Alan Greenspan - The Man Who Broke America | A Biography

Build and trade 𝐪𝐮𝐚𝐧𝐭 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 with no coding - composer.trade/finaius

The Greenspan's of America contribute towards the economic chaos we all end up suffering from and guys like Alan get to retire and live in comfort for the rest of their lives.

He refused to regulate derivatives years before the crash, warned over and over and let it all happen

Greenspan was a gold standard advocate but mysteriously forgot this stance when he was in office only to remember it again after leaving office.

His rise corresponded with the rapid rise of government debt with also pushed up the asset bubble.

8:37 I didn't know Woody Allen and Alan Greenspan were the same person, now finally many things make sense

Hearing these guys back stories really grounds you. A lot of them were in the same spot as any of us as young men and found a way to climb the ranks.

The Fed should never be wrapped up in politics, their job is to control and maintain financial stability, regardless of the political implications.

This is the first one I watch about Greenspan. I was begging for more. I think that with the content that you add and your well-balanced narrative style I would have loved if the documentary had been a 4 one-hour episodes series. Hopefully, this was just the trailer. Thanks!

yo man trust me, you are gonna be one of the most succesful creators ever.

Alan Greenspan, the Woody Allen of the financial world.😂

Great video, I recently read his book capitalism in America. It's a predictably cherry-picked history of the United States. He only mentions the labor movement to talk about the frequency of strikes and does not touch on the violence enacted by the state on to workers at the direction of the companies, he ignores how workers established a 40-hour work week. He often contradicts himself by stating, for example, that Rockefeller was keeping prices low while conceding that he used money to prevent competition that would have driven down prices. He pretty much skips his entire tenure at the Fed, and Praises mortgage-backed securities while ignoring the role they played in the financial collapse. However, he did at least make some good points that were refreshing to see him admit to. He called Republican claims that lowering taxes would pay off the deficit as "putting lipstick on a pig". He admitted that privatizing Fannie Mae and Freddie Mac was a terrible decision that massively increased government corruption. He also admitted that the economic boom that took place after World War II had more to do with Europe and Asia not having any industry to support itself rather than any particular policy the United States was following, and points out that we immediately faced a recession once those economies rebuilt themselves after the war.

Need one on Bernanke as well. QE king who drove us to the tipping point of becoming the 90s Japanese economy.

Another great video! You have to keep these coming, I know for a fact you could be putting out more content! We appreciate it! Keep it coming!

The best documentary on Greenspan I have seen.

Many thanks for filling in this part of my naivete about economics, Wall Street, the Fed, and politics.

Woody Allen as Allen Greenspan …. Epic

Greenspan, 82, acknowledged under questioning that he had made a “mistake” in believing that banks, operating in their own self-interest, would do what was necessary to protect their shareholders and institutions. Greenspan called that “a flaw in the model ... that defines how the world works. Greenspan destroyed fair wages and filled the gap with credit creating a pyramid scheme that led to a massive transfer of the nation's wealth from the middle class to the very wealthy few. He explained how the nation was misled about the need for higher payroll taxes that were used to finance deficit budgets. Greenspan deceived the American people into believing that deregulation and elimination of the progressive taxes were going to be a benefit. But instead, they moved our economy into exactly the same condition that existed just before the massive financial failure that resulted in the Great Depression of the 1930s.

Woody Allen is basically Alan Greenspan. 😆

I just wanted to tell you keep going on making the videos, You did a great job. I always listen to your videos with inspiration