4000 years later and the central banks haven’t learned anything: Steve Forbes

Forbes Chairman and Editor-in-Chief Steve Forbes discusses Sen. Elizabeth Warren’s take on the Fed’s rate hikes and why he advises against letting banking systems crash.

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  1. Inflation is being caused by war and supply shortages, not money printing.

  2. 4000 years
    These generational bankers have controlled world events throughout history they are the problem with the world , get rid of the central banks get rid of the problem . The great awakening is realizing humanity has been controlled and indoctrinated by these entities.
    only when they collapse can humanity experience true enlightenment …

  3. "The fed only knows how to trash the economy" couldn't have say it any better

  4. No, you are treating a symptom. Steve was trying to get to the point of not getting there in the first place! You can’t create moral hazard and then bail out the symptom. You go to the root. Monetary policy. Let the market fully set the rate and stabilize money with a gold standard.

  5. Technically it wasn’t low inflation, they changed the calculation.

  6. Man, I should open a bank and join the party 🎉

  7. Learned? It's their biggest scam. Money belongs to the nation and can be issued without fractional reserves or debt. Currency bonds are a scam.

  8. Steve the question is: How to get the central banks to listen to you and 4000 years of history.

  9. Just when we are getting on our feet from the 2008, they steal from us AGAIN. I am starting to get a grudge against bankers.

  10. FACT – GLOBALLY Central banks ( and governments ) are stockpiling physical gold .
    Look it up ! Record purchases in 2022 !
    The country of India last year also purchased 40% of the planet’s annual mining supply of physical silver …

  11. Gold will go to $10000 + US a waiting Game

  12. He just didn't mention one thing, back in the 80s we didn't have $31 trillions in national debt. What he's proposing is insane, loosening up the monetary is just like more Q.E…keep printing more money to depreciate the USD in turn diminish the debt. There is just one problem with that, which is hyperinflation.

  13. He’s 💯 percent correct

  14. If Trump wins again, he should appoint Steve Forbes to be the Sec.of the Treasury! And fire the nutty white haired professor for the 2nd Time! 🇺🇸

  15. Thomas Jefferson – 1787
    "If the American people ever allow private banks to control the issue of their currency,
    first by inflation, then by deflation, the banks and the corporations which grow up
    around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered".

  16. Better yet, End the Fed.

  17. Dont rely on fdic….im waiting 15 years to get my $$$ back that the bank kept after i sold my house…..lets go brandon🤡🤡🤡

  18. They learned corruption….get in bed w dummycrats and crime does pay….lets go brandon🤡🤡🤡

  19. FJB and all leftist democ"rats"

  20. Strust-fund baby Forbes wan't a bailout if it all goes downhill, there you have it, folks.

  21. Banks go woke, voila, Banks go Broke…

  22. Ron Paul warned us about these recycled schemes

  23. They have learned they are above the law

  24. Well whats the fed supposed to do? Theyre not getting any help on the fiscal side. Govts totally broken and unfixable, has been for decades now. So they'll just do what they have to do

  25. You want to reduce inflation? Reduce the money supply for a few months, it will solve the problem in a flash. But they won’t do that as it’s a debt based system feeding on itself while more debt gets created. If you understand this, you have understood everything.

  26. Interest rate is currently at 4.75%(8th rate hike since March last year) Inflation at 7% and mortgage rates is at over 7.5% but yet minimum wage remains the same and my retirement portfolio has suffered tremendously these past years, so my question is how do senior citizens retire and live off such unstable economy. The long term game is obviously not for me at this point.

  27. Thanks for the good summary! Now is the perfect time to start buying BTC if you are just being introduced. I just made my third withdrawal yesterday for 2023. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to Ryan Donald for helping me get into his trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Ryan Donald