When COVID-19 struck, the Federal Reserve stepped in to try to avert economic crisis. As the country’s central bank continues to pump billions of dollars into the financial system daily, who is benefiting and at what cost?
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FRONTLINE investigates “The Power of the Fed†— and how the central bank’s actions have played out over the years on Wall Street versus Main Street — in a gripping new documentary.
From the award-winning investigative team behind “Amazon Empire†and “The Facebook Dilemma,†the film traces how an experiment the Fed began after the 2008 crash has been dramatically changing the American economy — exploring criticisms that, while well-intentioned, the Fed’s efforts have contributed to wealth inequality, helped today’s financial world grow far removed from the real-world economy, and prompted fears of growing inflation and an impending crash.
The documentary is supported by The WNET Group’s Chasing the Dream, a public media initiative that examines poverty, justice and economic opportunity in America.
The correspondent is James Jacoby. The writers and producers are Anya Bourg and James Jacoby. The co-producer is Megan Robertson. The senior producer is Frank Koughan. The executive producer is Raney Aronson-Rath.
For more reporting in connection with this investigation, visit FRONTLINE’s website:
https://to.pbs.org/3B0YXGX
#Documentary #FederalReserve #Wall Street
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FRONTLINE is produced at GBH in Boston and is broadcast nationwide on PBS. Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation. Support for “The Power of the Fed†is provided by The WNET Group’s “Chasing the Dream,†a public media initiative that examines poverty, justice, and economic opportunity in America, with major funding by The JPB Foundation and additional funding from The Peter G. Peterson and Joan Ganz Cooney Fund.
That’s exactly why these demons call it THE FED… We have to keep feeding it!!!!
I need F.E.D.S to protect my daughter and watch every where she goes and watch who is around her.
It’s so damn IRONIC that trump and the MAGA movement came from Americans pissed that wall street damn near brought down the worlds banks and then used bailout money for large bonuses. Yet MAGA votes for the the one guy (but republicans in general) who only care about Wall Street and big business. No wonder trump “loves stupid people!â€
Fauci and the rest of the covid mafia needs to be arrested , charged for treason for destroying America and executed…
The system rewards those already inside. Everyone else is told to budget harder.
My father recalls to me years ago of his mother making soup for him and his 2 other brothers during the Depression. 1 small can of soup, thinned out with 3 same cans of tap water. They were not a well off family to begin with, but the word poverty was an understatement during the 1930’s
When you buy something on credit , do you actually still own it ?
Because when you do that , you end up paying on it forever . You never catch up .
And then there is a money eating machine ( like insurance companies) which are never satisfied . Why ? Because customers want more which drives up premiums . So eventually some how you must raise your income to pay the premiums . A vicious circle â•. What is the MORE ? Food and other consumables . Gasoline and oil . Tires for your vehicle of choice which ware’s out eventually . So you go back into deabt for a new one . The circuite never stops , and that’s just to break even . There people who want to get ahead . So CRIME comes into play . Sometimes they win . Sometimes they lose. Because they get caught . I’m just trying to servive . My labor , and others is all I have . And somewhere , someone is trying to take that away from me . Taxes , sercharges , inspections , periodic maintenance costs , insurance , until I still have nothing left except my life . And once that’s gone , there is nothing for anyone else .
That’s a poor way to live . No legasie . No memory , only a criminal history . YOU DIE A CRIMINAL .
If you dig into public records , that’s all your evidence that you collected .
Lies. The Federal Reserve only helps the banks. It never helped the working class. Inflation takes money from workers and gives it to the rich. If you don't know this, you know nothing about economics.
FED moves global economy!!
Miami not winning a second championship without Dwade especially against Indiana.
Eel Kashkari is one of the most anti-human people I ever see in financial documentaries. Guy is a straight up serpent.
THE FEDERAL RESERVE IS UNCONSTITUTIONAL
AI slop
They pad the rich pockets and does absolutely nothing for the 99% of the American people.
The guy at 22:30 has the most dilated pupils or is some sort of alien 👽 please tell me I am wrong
They think we're stupid and we are going to just accept it because they are the brilliant thinkers
No,it is just human fault, we are fallible
The worst part of this entire story was not mentioned — that Good Americans that did not overextend themselves were harmed as a result of that fact that the fed had to bail out bad Americans that could not control their use of credit.
in the banking system is not in public , dam liar
so, ya work all your life for nothing, and then they want you to swallow their Ai joke next
lmfao!!!! this is great. this dicumentary explains how the crash happened and why the feds stepped in to restore order.😂😂 this documentary makes u believe this crash happened just because…. they are covering and protecting the truth .
the reserve set this up from the beginning to enrich them and their friends while normal people suffered the blunt of it . this had nothing to do with the little people. the banks gave loans to people needing to buy homes at a very low rate affordable payments that met their budget. then as time passes the rates rose and their mortgage went up 1k or more, people could not afford and most if not all
sold their home very low, banks bought them black rock, vanguard etc big conpanies got rich. and the people lost everything…… it was all by design to make the rich richer and poor poorer…. they dont say that here
25:34
$51.00 selling wall street
Y is the Stieglitz guy rocking the bum look?
Typical leftist hateful propaganda! And yet USA still has the best most prosperous economy!!! And yet here come the lefties!!! Lies!!! Frontline, pbs, nbc, cbs, cnn, msnbc, all trash scumbags!!!
November 2025 and the train keeps moving. Government shutdown for 40 days, who cares, stocks go up because the fed might cut rates! Don't fight the fed… except for 2022-25 interest rates went up and so did stocks. So when was it priced in?
Can I hit it from the back 👛 wallet moneybags 💰 money
The seventies, CAP IT!.
I think it's cornering markets and that's putting a strain on the average Americans, and so it's simple it's corporate strains on the Americans and putting us in a corner? Is that possible?
You all tolerate this crap
03:30 No asshole. Your job was to keep the shit running so your friends could make money while we the commoners starve and pay the bill for your ludacris behaviour which laws allow
Todd Muehler brought me here.
GIETNER AND PAULSEN PUT LEHMAN BROS OUT OF BUSINESS TO CAUSE THE FINANCIAL CRISIS,
TRUMP ILLEGALLY CONVERTED A BILLION DOLLAR GRANT(TO BUILD A CHIP FACTORY).
TO STOCK!!! THE INTEL STOCK PRICE TRIPLED IN ONE WEEK??
TRUMP' AND HIS FAMILY HAVE MADE 4 BILLION DOLLARS SINCE JANUARY, GOVT CONTRACT
AND SELLING FAKE CRIPTO??? WHY WOULD PEOPLE WHO NEED TO NEGOTIATE WITH TRUMP
GO AND BUY MILLIONS OF DOLLARS OF FAKE CRYPTO????? CORRUPTION????
The best factor was finance professionals were enacting a fix! This kept a solution out of politics—a positive! Unfortunately it created a knee jerk from Congress borrowing incessantly until2024. This fix was seen as a new way to borrowAMERICA TO PROSPERITY!
It never ceases to amaze me that so-called "smart people" do not understand the innate, primal drive of "Human Greed."
"Human Greed is Paramount" – Glenn Goryl
THAT FED , BANANA REPUBLIC ECONOMIC DEGREES ????
POLITICZED ????
REMEMBER TRANSITORY INFLATION ???????
They knew darn well what damage QE and 0% interest rates did and will do. They know it set in motion a total collapse that’ll kill the biggest currencies (USD, Euro) and with it all these weak currencies.
They’ve already created a new digital financial system. It’s everywhere. P2P payment systems are more common than cash. You’re living on grace at this point, because king have they wanted to crash the systems and give rise to their world order system. Nothing you see now or in the future will be by accident. The mark of the beast system is coming and very fast. But first, political crisis, geopolitical wars, financial and economical systems will collapse.
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