- Videos - Page 10
The following are a selection of economic and financial markets analysis online video's.
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Ratigan Exposes The Federal Reserve Con 12th April 2010 - 7 minutes |
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Ratigan Exposes The Federal Reserve Con |
Jim Rogers Says Gold Not a Bubble, Silver a Better Buy10th Dec 2009 - 11 minutes |
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Commodities are still a great place to invest, while some currencies also offer value and investors should stay away from US stocks and bonds, Jim Rogers, chairman of Jim Rogers Holding, told CNBC Thursday. Rogers has long been bullish on commodities, especially since central banks started to print money to combat the financial crisis. He is holding gold right now and despite the recent spike in the metal's price, said he things the market is not experiencing a bubble. "I wouldn't think of selling," Rogers said. "If gold goes to $1,000 (per ounce) – or pick a number – I hope that I'm smart enough to buy more." With central banks now buying gold and many people worried about paper money, gold will be a great investment over the next decade and relatively few people are invested in it, he said. |
Financial Crisis Hidden History, The Warning Frontline Video 25th Oct 2009 - 55 minutes |
In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008. "I didn't know Brooksley Born," says former SEC Chairman Arthur Levitt, a member of President Clinton's powerful Working Group on Financial Markets. "I was told that she was irascible, difficult, stubborn, unreasonable." Levitt explains how the other principals of the Working Group -- former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin -- convinced him that Born's attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was "clearly a mistake." Born's battle behind closed doors was epic, Kirk finds. The members of the President's Working Group vehemently opposed regulation -- especially when proposed by a Washington outsider like Born. "I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'" Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. "Born faced a formidable struggle pushing for regulation at a time when the stock market was booming," Kirk says. "Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves." Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one. |
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