{"id":1901130,"date":"2023-03-20T03:41:35","date_gmt":"2023-03-20T07:41:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/from-2008-to-the-svb-bailout-new-documentary-traces-the-feds-same-old-recklessness\/"},"modified":"2023-03-20T03:43:44","modified_gmt":"2023-03-20T07:43:44","slug":"from-2008-to-the-svb-bailout-new-documentary-traces-the-feds-same-old-recklessness","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/from-2008-to-the-svb-bailout-new-documentary-traces-the-feds-same-old-recklessness\/","title":{"rendered":"From 2008 To The SVB Bailout, New Documentary Traces The Fed\u2019s Same Old Recklessness"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffrom-2008-to-the-svb-bailout-new-documentary-traces-the-feds-same-old-recklessness%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1901130&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"article-content\">\n<p>The recent bailout of Silicon Valley Bank is just the latest example of the Federal Reserve\u2019s damaging effects on the economy and banking system, according to \u201cAge of Easy Money,\u201d a new two-hour documentary produced for the PBS series \u201cFrontline\u201d. The documentary\u2019s production couldn\u2019t have been more timely, given the ongoing debate on the Federal Reserve&#8217;s interventionist policies and how it distorts financial markets. One of the key takeaways from the documentary is the lack of direct accountability, as none of the central bank&#8217;s decisions, from the quantitative easing programs to the declaration of a bailout for depositors in Silicon Valley Bank, were voted on by Congress.<\/p>\n<p>The documentary also examines how the Federal Reserve\u2019s exorbitant actions have had long-term consequences. The program notes how interest rates have been continuously decreasing, and debt rising steadily, which encourages investors to take on risks to achieve desired returns. As the documentary chronicles, investors have moved from mortgage-backed securities to speculative assets like cryptocurrencies, leading to further instability in financial markets. <\/p>\n<p>\u201cAge of Easy Money\u201d argues that such actions have become a pattern for the Federal Reserve, as it uses its monetary policy to expand its remit into broader economic and fiscal policy. The documentary underscores how such a strategy invariably leads to boom-and-bust cycles, with the central bank exacerbating the problems it seeks to solve.<\/p>\n<p>Ultimately, the documentary\u2019s message is a call to end the age of bailouts and stop the Fed&#8217;s policy of unwarranted intervention, noting how billionaires benefited significantly from the Fed&#8217;s quantitative easing programs, while the ordinary Americans struggle to make ends meet. The documentary, which aired in July 2021, is available via the PBS app, online, or through local PBS affiliates.<\/p>\n<div class=\"article-author-description fst-italic\">\n\t\tChris Jacobs, the author of &#8220;The Case Against Single Payer,&#8221; is founder and CEO of Juniper Research Group. You can find him on Twitter: @chrisjacobsHC.\n\t<\/div>\n<div class=\"article-tags bdr-top-black mt-30 mt-sm-60 pt-15 pt-md-45\">\n<ul class=\"list-unstyled d-flex flex-wrap align-items-center mb-0 mx-n10 p-0\">\n<li class=\"mt-10 mx-10\">Age of Easy Money<\/li>\n<li class=\"mt-10 mx-10\">Documentaries<\/li>\n<li class=\"mt-10 mx-10\">Documentary<\/li>\n<li class=\"mt-10 mx-10\">Economy<\/li>\n<li class=\"mt-10 mx-10\">Federal Reserve<\/li>\n<li class=\"mt-10 mx-10\">Film<\/li>\n<li class=\"mt-10 mx-10\">Great Recession<\/li>\n<li class=\"mt-10 mx-10\">Silicon Valley Bank<\/li>\n<li class=\"mt-10 mx-10\">SVB<\/li>\n<li class=\"mt-10 mx-10\">Treasury<\/li>\n<li class=\"mt-10 mx-10\">Treasury Department<\/li>\n<\/ul><\/div>\n<\/div>\n<div>\n<hr>\n<\/div>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The irony was palpable. An interview with a Federal Reserve Bank official from last fall, claiming that \u201cwe\u2019re a long, long way from any kind of disruption\u201d to the financial system \u2014 followed in short order by television clips showing the failure of Silicon Valley Bank. But as \u201cAge of Easy Money\u201d shows, the recent<\/p>\n","protected":false},"author":521,"featured_media":1901131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[10492,8384,5844,6617,22167,21356,21503],"class_list":["post-1901130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist","tag-10492","tag-bailout","tag-documentary","tag-feds","tag-recklessness","tag-svb","tag-traces"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/521"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1901130"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1901131"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1901130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1901130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1901130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}