Fed Chief Considers Lessons of First Great Depression for Capitalism Survival

Watch the Federal Reserve Chief, Ben Bernanke as he reviews the mistakes made in the First Great Depression. Bernanke takes a question from Arnaud de Borchgrave about whether capitalism has failed.  Borchgrave asks the Fed Chief if they have become a casino, divorced from productive activity with social utility.

Fed Chief Bernanke Considers the Great Depression

Bernanke analyzes the Great Depression, but does not criticize the casino aspects of Credit Default Swaps that led to the current situation. It seems obvious that the financial sector is a large machine with nothing real to invest in, as the real economy has been destroyed or off shored so the financial class are left to invent artificial ‘innovations’ aka derivatives that sucker in investors to invest in things of no real productive value, aka financial weapons of mass destruction. Watch more videos on Jason Cardiff Tips online.