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Banks Are Gambling with Your Money

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Our job is to break up the largest financial institutions in the country, not reward their greed, recklessness and illegal behavior that nearly destroyed our economy.
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Текстовые комментарии (95)
C Geer (14 дней назад)
So what else is new???
Mr407Mike (29 дней назад)
Don't tell Americans. Never mind, they aren't paying attention. FYI , this has been going on for at least 30 years.
dee park (30 дней назад)
Don’t give your money to the government or let your government regulate the free market economy then you will not have any problems. Bernie Sanders is the problem so is the government.
Honnes T (1 месяц назад)
Michelle Burkholder (1 месяц назад)
When they crash the sh*t show again there will be revolution. I just hope its not violent.
SamWize Ganji (1 месяц назад)
Bernie 2020!!!! I'm sick of the manipulation of American politics!!!!!!!!
peterboy sonicat (1 месяц назад)
We already know that the banks have been oppressing the sheeple, how they've been doing it and how they manage to be one step ahead of the laws that govern mass extortion. What we need is, a 'permanent' solution that will prohibit their abuses now, and in the future of banking. Reinstating Glass Steagall will be a step in the right direction. So, why hasn't this been done since the crash of 2008 ten (10) years ago?
Frederic Bastiat (1 месяц назад)
Derivatives existed 2700 years ago in Hammurabi's Mesopotamia! Why? Common sense, assholes. Farmers speculate. They sow now but reap in the future. Speculating on the future value of a commodity! Sounds scary, doesn't it? Planting corn! Well, my leftist fucking idiots, it is scary! It is speculating, gambling! Lets ban farming. Eating. It's all just so risky.
Kruger (1 месяц назад)
While I'm all for people making money, there is a limit to that in my opinion. Any business that can mess with our economy so much that the government, or tax payer if you will, has to bail them out in order to keep the country running should not exist. Does anyone want the fate of their entire lives and the fate of the entire country in the hands of the 1% who cares for nothing but themselves and money. Let people make money, but there needs to be a limit somewhere, and big banks are a good place to start. Break them up or face another 2008 crash which could easily lead to anarchy if people can't get money to pay for needs. People will TAKE what they need to live if they can't buy it.
Cara Crabtree (1 месяц назад)
They give "credits" that they loan out, which they pull out of thin air (no risk) because they're a bank. They document the loan twice on their books, as an asset and a liability, then you pay it back with interest, or not, loan gets sold and there for makes the credit back, whether it got interest or not, three times over, it's such a scam. And they only have to have like 1or 10% of what's on the books present so the rest is gambled or whatever... Sham..., But hey the biggest ones are in control of everything, goal almost met...
StealieSteve (1 месяц назад)
Banks should be forced to focus on small steady boring profits like they did for the majority of the 20th century before the 1980s.
JJRyzer (1 месяц назад)
BERNIE 2012~!!
lextacy2008 (1 месяц назад)
Ironically felony fraud only begins at the elite level , not the poor
coldwynn (1 месяц назад)
Trillions in capital has effectively been removed from the economy through offshore accounts and tax havens by the hoarding wealthy too. What this tells me is the wealthy don't believe in the system they created and control. The wealthy do not have skin in the game.
Jane Shepard (1 месяц назад)
Perfect time to release this considering the Dow Jones has dropped 1,300 points in the last two days.
Cynthia Finnegan (1 месяц назад)
What "Senator" Sanders won't tell you, and the majority of economists have verified, is that if you "break up the banks," YOU TANK THE ECONOMY. Think of the Great Depression, then magnify it by a thousand. THAT is how bad it will get, Bernie KNOWS it, and he DOES NOT CARE. In FACT, he believes bread lines like the ones in Russia are a GOOD thing. https://www.youtube.com/watch?v=C614BqRIH2s
Phillip Benson (1 месяц назад)
The Trump administration is trying to steal everything you own including your money. Remember to Vote Blue this November!
Seneca Brown (1 месяц назад)
"I hate banks. They do nothing positive for anybody except take care of 'themselves.' They‘re first in with their fees and first out when there`s trouble." — Earl Warren, Chief Justice of the U.S. Supreme Court, 1953–1969, Governor of California, 1939–1943, https://youtu.be/RCSp5D0t9Vg?t=1m49s Taylor Ferrera sings "I Hate Bank of America" and explains why at https://www.youtube.com/watch?v=2VAdLxxfIVo Bank of America (BAC) routinely denied qualified borrowers a chance to modify their loans to more affordable terms and paid cash bonuses to bank staffers for pushing homeowners into foreclosure, according to affidavits filed last week in a Massachusetts lawsuit. "We were told to lie to customers," said Simone Gordon, who worked in the bank's loss mitigation department until February 2012. "Site leaders regularly told us that the more we delayed the HAMP [loan] modification process, the more fees Bank of America would collect." In sworn testimony, six former employees describe what they saw behind the scenes of an often opaque process that has frustrated homeowners, their attorneys and housing counselors. They describe systematic efforts to undermine the program by routinely denying loan modifications to qualified applicants, withholding reviews of completed applications, steering applicants to costlier "in-house" loans and paying bonuses to employees based on the number of new foreclosures they initiated.” — John W. Schoen, CNBC, Bank of America Paid Bonuses to Foreclose: Lawsuit, CNBC.com, June 17, 2013 Bank of America ordered to pay nearly $17B over housing crisis, https://www.youtube.com/watch?v=Mc4hgG5QNHM Bill Moyers, Matt Taibbi and Yves Smith on Big Banks, https://www.youtube.com/watch?v=VwcpOithag0 Everything Wrong With Bank of America, https://www.youtube.com/watch?v=MzhjLnyuEgw Matt Taibbi on Democracy Now!: Bank of America Fraud, https://www.youtube.com/watch?v=Fgv2JfqC1U8 Economics of banks, stocks and why capitalism isn't working for you, https://www.youtube.com/watch?v=qRrKFR3nibQ Vicious U.S. Cycle Of Economic Crash, Regulation, Corruption, Deregulation and Crash Again, May 31, 2018, https://youtu.be/RCSp5D0t9Vg?t=1m49s The Cooperative Movement Is surging 10 years after the Worldwide Economic Collapse sparked "Occupy Wall Street," https://youtu.be/-KsvUAN-BHs?t=6s Regulation Helped Canada Banks Avoid Crisis, https://www.youtube.com/watch?v=ycQKnFMpPG0
Frederick Röders (1 месяц назад)
It is time to change. The time is NOW
Samuel Franca (1 месяц назад)
Circular Economy in Finance to speed even when there is no money Sometimes the circularities may come from an unexpected place and it is difficult to find.The Cycling of [NEED TO PAY] transactions can be used to create a Financial Clearing/Settlement system more egalitarian and become a real driving force for the economy. (You) – [NEED TO PAY] -> (Someone), (Someone) – [NEED TO PAY] -> (The other one),... ...,(The other one) – [NEED TO PAY] ->(You) We detect this Virtuous Cycle and send you a email with a Transactions Cycle GUID with the Value Cleared! http://www.incomeshared.com
Kekistani Necromemecer (1 месяц назад)
Ladies and gentlemen, I present; Dr. Steve Brule.
Keep Moving (1 месяц назад)
Bernie, your editing needs a bit tweaking. Your head shots are too close and it looks like they are reading. I love how you’ve moved to two cameras, and got vids in there. I know you don’t always have time, but props and hands from your speakers will have more impact than talking heads. Robert Reich is a great example. The music is ok, but it is a bit distracting. Also, you should make vids that will appeal to younger crowds by implementing less monotone speakers. Your content is spot on, but Bernie, baby, ya gotta appeal to peoples synapses!!! Love ya!
Mike Moran (1 месяц назад)
Bernie works for US, thanks.
Charlie Newman (1 месяц назад)
imo Good vid, but... As much as I'd like the process to fix this, it won't. I think it will take something much more unpleasant. I worry about my kids and grandkids. imo
Charlie Newman (1 месяц назад)
Frederick Röders Not sure where you got the idea that I was suggesting doing nothing. Quite the opposite. However, I don't think educating the public is the answer. imo
Frederick Röders (1 месяц назад)
The only way we could ever change it is by trying to open it up to the people. This seems like a huge task, but to sit down and do nothing because the beast is too great is suicide. We have been sitting down and doing nothing for way too long now. We need to tackle this. We CAN actually tackle this! We just need to educate the public. Dont ask if, ask HOW! ITS NOW OR NEVER
Some One (1 месяц назад)
*I hope someone is your apprentice and able to fill your shoes when you retire.* *The next generation will need a Bernie Sanders too!* *"2020"*
AviatoreGK (1 месяц назад)
Check Tulsi Gabbard. She's young and awesome.
It's Raining Men (1 месяц назад)
Nononono, they're not gambling with our money, they're stealing it.
robert forsythe (1 месяц назад)
Get rid of Fossil fuel ⛽️.
robert forsythe (1 месяц назад)
Give the public a working wage
robert forsythe (1 месяц назад)
Socialize health care
robert forsythe (1 месяц назад)
Rich people pay hit men. Ever hear of the mafia they are alive and well.
robert forsythe (1 месяц назад)
Rich people will to keep there wealth.
robert forsythe (1 месяц назад)
Kennedy was Killed because of his moves to break up the banks 🏦BEWARE.
Frederick Röders (1 месяц назад)
He was one man. Together we could be millions. They wouldnt assassinate all of us!
Boyd Gilbreath (1 месяц назад)
Not a country of laws anymore. It's all just a reality show. Scripted and rewritten daily. Drump trash talk is no more believable than the MSM! The only hoax is this entire swamp administration. The country was lost long ago. We are a country of laws, laws that have all changed to suit the oligarch agenda. Remember, BarfK IS IN, Mueller, Sessions, and Rosenstein are out. We just got a direct text line to the President. Only the President can use this. Every smart phone in the USA. Why?
Mortessa (1 месяц назад)
So if I am understanding this correctly... you are aiming this video primarily at the very LARGE banks. All banks do investing with money, that's how there are interest rates to pay on savings and investment accounts. Borrowing interest rates will always be higher and that's the real money that pays for FDIC and staff paychecks.
MasterBlood187 (1 месяц назад)
This is why glass stea gall must return
Barry Nichols (1 месяц назад)
Guy Incognito (1 месяц назад)
In capitalist America, bank rob you.
Walter Morales (1 месяц назад)
Thank you Bernie, but unfortunately like my friend and author Mickey Paoletta has demonstrated successfully in many courts in the State of Pennsylvania; Nero fiat currency needs to be turned to an interest free currency broken from the strangle hold of the Federal Reserve and the hidden vested interests that you know has controlled all branches of government. I have been your biggest supporter and your biggest critic since your 2016 presidential run, but today is the time for bold and radical change not step-by-step incrementalism taken by lukewarm, inequality ridden, utilitarian seeking, anti check-and-balances policies advocates, inconsistent mob mentality infested, and unlawful Democratic party. #DNCNoMore #Bernie43rdparty
David Sherrill (1 месяц назад)
Blah Blah Blah Blah
AL (1 месяц назад)
The FBI should check on the people the thumbs down these videos!
Valkia-INNOS (1 месяц назад)
Slaves are made that way. Concentrating all the economy on hands of a cast of people, means dictatorship by giving them the key to govern and to decide who to live and who to die, which business to flourish and which not, which country to invade and which not, which nation to exist and which nation to perish.
Tennis Rich (1 месяц назад)
this video is good enough to give a thousand thumbs up. this man is a fantastic speaker. never does he falter! wow this is a great production, your music fit, it was not to loud so as to distract... I THINK THIS COULD WAKE UP MANY GOOD SOULS! please let that happen now ! good luck to US
rezneba101 (1 месяц назад)
Stop fucking around and BUY AND USE *BITCOIN*.
Belma Aldrin (1 месяц назад)
And for some reason people think that this capitalism (Wealthy people gambling with the money of everyone else) is the best system.
Todd Sloan (1 месяц назад)
Crash after crash you and I pay with our lives. If anyone has time to watch... a loved man lived to change all this needless struggle much like today and a Presidential policy to shut up all war protest of WW1 went to jail. so please watch at leisure only.... https://www.youtube.com/watch?v=w82pFvUq3o8
john Last (1 месяц назад)
Please begin discussing the money creation process that commercial banks monopolize. Please discuss the difference between ephemeral money,  current bank created money,  and everlasting money,  sovereign created money.
VoteGreen (1 месяц назад)
Americans Need to Eat 90% Less Beef and 60% Less Dairy to Avoid Environmental Devastation http://www.onegreenplanet.org/news/americans-need-eat-less-beef-less-dairy-avoid-environmental-devastation/
Yuan Gan (1 месяц назад)
when a business first raises money by issuing stock to expand business, buy capitals, and hire employee...etc, the "investing" part is already concluded. All the subsequent trading, buyback, and shorting... are speculation. It sucks, it's almost fraud, but it's a coolaid that everyone drinks, as long as they continue to fluff up what you initially put in...until a correction occurs.
Victor Schmidt (1 месяц назад)
+Yuan Gan thanks for the backing. The increase or decrease in stock price is not tied to profit or loss in said company. As you stated stocks can and are manipulated.
Victor Schmidt (1 месяц назад)
+Carla Delastella Stock represents a claim on the company's assets and earnings. As you acquire more stock, your ownership stake in the company becomes greater.” Unfortunately, this definition is incorrect in some key ways. To start with, stock holders do not own corporations; they own shares issued by corporations. That may be how the stock market originated but it is far from how it operates now.
Yuan Gan (1 месяц назад)
@Carla Delastella stock dont produce money out of thin air but is very close to it. For instant the current total stock asset is highly overvalued yet investors have no better means to invest, you either let your money sit to lose value overtime (big booo for the govt for their overspending and allowing fed reserve to do that), or take risk and dump your money in to fluff up the stock market... Also, corp has the power to issue more stock (many corps create shares out of thin air to award their top executives every year, i read it somewhere but havent confirm) which is pretty close to printing money.
Carla Delastella (1 месяц назад)
+Victor Schmidt Stocks don't produce money out of thin air. The one who first buys the stock at its initial offering buys them directly from the company. Thereby the company raises money and the buyer owns a share of that company.
Walter Morales (1 месяц назад)
Its not almost fraud. It is fraud, as there is no full disclosure to the people who use nero fiat currency. If full knowledge is required for the formation of transactions then it stands to reason that genuine assent or consent was not attained by these financial institutions. It is fraud because these shell game was induced by fraud by virtue of supressing the very nature of the investment scheme. Read Howey Test; Vertical and Horizontal Commonality Test of the 'economic reality'. It is a lack of 'good faith' as these institutions break the reasonable expectations required in trade and in commerce.
Trust The Shooters (1 месяц назад)
Bernie gambled his popularity and platform he gained to support a party that rigged an election against him. Older Bernie knew that we needed a 3rd party. As the surviallence state grows, you gambled you power to support a dead party. As the Military Industrial Complex continues to consume the globe, you gambled your power so you wouldn't be treated like Nader. Hope haveing sleezy Polticans stab u in the back is worth the gamble of improving America and giving everyone hope.
Trust The Shooters (1 месяц назад)
+Justin Quinn how can something that's never started exist? Thanks for a D Poc Chopra style quote. Drone Strikes should be illigal and most presedents in recent history are War Criminals. So your saying it's better to be ruled by people who support genocide in Yeman, the over throwing of Lybia to introduce slave trade, an illigal war in Iraq. Etc. Glad to see you care more about the statis quo than something even Bernie Sanders was clammering. I'm confused on how people who don't understand the severity of are reality are on Bernie Sanders YouTube channel. He's litteraly the opposite of the status quo.
Justin Quinn (1 месяц назад)
+Trust The Shooters Revolutions never are started nor end peacefully. French, American, etc.
Trust The Shooters (1 месяц назад)
+Justin Quinn Bernie also said we need rainbow coalition outside of the Democratic party. Bernie also asked crowds if they were ready for a revolution. Bernie litteraly got conspired against and then proped a candate so unlikeable she lost to Donald Trump. Trump ran to the left of Hillary, we aren't divided, the political parties, mainstream news and social media companies divide the sheep. Social engeneriring has devolped the perfect climate for what is going on in the world. It's not rocket science. Malcom X knew the Democrat party was working against the people back then. Orwell knew a surveillance state was coming. Eisenhower warned of the Military Industrial Complex. Etc etc. Wolf pac, justice democrats, etc thier noble causes but thier just a step removed from the ongoing process that has been in motion for over a centurie. It's gonna take more than AOC primarying a Neo Liberal and then endorsing Cuomo. It's gonna take more than a guy who fought his whole life for the people and then join after the political establishment that has Been in lock step with the Republicans agenda.
Justin Quinn (1 месяц назад)
+Trust The Shooters So what is your way of fixing this, third party alone? It will take decades. Justice Democrats? Also decades. Wolf-Pac? Also decades. This country only has years at the rate it's going, not decades before total collapse. Trumps isolationism will not only make us at the weakest we've been since the civil war but also the most divided.. Bernie sees this, why don't you.
Robgoren (1 месяц назад)
If we had nationalized the banks and taken the $26 trillion they stole through the bailout and invested it in ourselves, we'd have universal healthcare, universal basic income, and free college right now, with money left to spare. The big banks are parasites, a cartel of billionaire welfare queens.
Mrs. Troyer (1 месяц назад)
Thank you Senator Sanders.
SamWize Ganji (1 месяц назад)
cesar ramirez (1 месяц назад)
Lol you mean options?
Kyle D (1 месяц назад)
Then don’t deposit your money in bank that does this. Use a small hometown bank. Also we need to stop using government money to bail out private banks and businesses for running their institutions into the ground. I think both sides can agree on that.
Gumer Zambrano (1 месяц назад)
Who doesn't know this lol That's why you put your money in real estate 😏💸
Hildebrandt Zhor (1 месяц назад)
Impossible. They must be gambling with my debt, because I don't have any money.
DerekSpeare (1 месяц назад)
It's not aggressive enough. While the thought of my suggestion terrifies me, the wealth of the 1.0% should be seized and immediately redistributed back to the Earning Class. The very ones the Elite have plundered should be made whole again immediately. Let's treat it like it is, the most massive Financial Conspiracy and theft of wealth in human history. Such Wealth Theft must be treated as a crime against humanity. Yes, I know, it would never happen...However, the message to the Earning Class should be one that educates them that the reason their decline in buying power and what value they have is that they are victims of this massive theft of wealth by the rich elite. Simply put, the rich elite are criminal predators who steal wealth from those who actually earn it. And we know who are all of the "Robber Barons" of the 21st Century. Let's call them what they are, "criminals".
Josh Bobst (30 дней назад)
Something you've said is slightly confusing. You said the US doesn't even crack the top ten in wealth, but the US has been far and away the wealthiest country in the world since at least 1890. At the end of WWII, through a combination of being protected by two oceans and its Latin American supply chain and the fact that the rest of the world's industrial output was destroyed by the war, the US held half of all the wealth in the entire world. Nominally, that has declined to about a 25% share now (which is still an unjust allocation of resources, since the US only has about 5% of the world's population), but if you trace ownership of transnationals and wealth hidden in tax havens (where it can't legally be used, so it's invested in the black market, read: drugs, arms and slaves), you'll find that it still is the case that about half the world's wealth is owned by Americans. Could you have possibly meant that median income does not even crack the top ten? That is probably true, and considering how wealthy our society is, it's a travesty.
elida dlr (1 месяц назад)
+ANTIHERO living. I'd much rather be alive in the US, than go to a communistic government where they may be rich, but only the government officials.
ANTIHERO (1 месяц назад)
Communism is when the means of production is owned by it's people. Think before you talk. What most people on the left want is a counter balance to unhindged capitalism. A ying to a yang. I think most people would be surprised to know that the US doesn't even crack the top 10 wealthiest countries in the world. On top of that we don't have much in the means of social safety. Schools, workers rights, healthcare, inferstructer, climate and energy. They're all being cashed in for short term gains in return for long term social, economic and environmental consequences. If we're not the words wealthiest and we don't have any significant social network what are we doing?
Belma Aldrin (1 месяц назад)
You're 100% correct. The amount of money the 1% has isn't something any human being EARNS, it has been exploited and stolen from countless others. It should be removed from them the same way a bank robber has the money they stole taken from them.
Gumer Zambrano (1 месяц назад)
Good thing we aren't communists
GreenIdLady 1 (1 месяц назад)
Great explanation thank you! The banks aren't just playing with our money, they are playing with our lives and our futures - and our children's future. Thank you Senator Sanders for continuing to fight for the average American.
Frederic Bastiat (1 месяц назад)
+Anti-Trump Govt can only "help" people by plunderring other people. Stupid. Deny it.
Frederic Bastiat (1 месяц назад)
Leftist trash like Bernie do not like private sector allocating resources to the highest use. They prefer Govt force. Tyranny. Not markets involved in voluntary exchanges. Derivatives existed 2700 years ago in Hammurabi's Mesopotamia. Why? It was, and still is, fucking common sense. Farmers gamble. They sow today but reap in the future. Speculating on the future value of their crop. Leftists are morons, but none greater than that piece of shit, Bernie.
donHooligan (1 месяц назад)
Bernie's a *True Leader.*
donHooligan (1 месяц назад)
Glass-Steagall folks. it worked right up until Bill Clinton's right wing scheming.
Henry Gustav (1 месяц назад)
https://www.google.com/imgres?imgurl=https://alittleecon.files.wordpress.com/2013/02/sectoral-balances.jpg&imgrefurl=https://alittleecon.wordpress.com/tag/sectoral-balances/&h=412&w=654&tbnid=V-NfDl8r-f6vOM:&q=sectoral+balances&tbnh=143&tbnw=227&usg=AI4_-kQDx6XC5pxuneIKUhZo3NNd8dyRcw&vet=12ahUKEwj1lpT08v_dAhXmY98KHWBTCmAQ9QEwAHoECAQQBg..i&docid=y7LmZUw3S7wrXM&sa=X&ved=2ahUKEwj1lpT08v_dAhXmY98KHWBTCmAQ9QEwAHoECAQQBg cause of 2008 crash was because private debt was too high. Clintons surplus means money was being extracted from economy and in order to keep economy going, private debt was relied upon.
Cynthia Finnegan (1 месяц назад)
Glass-Steagal? You're kidding, right? Glass-Steagal became OBSOLETE during GHW Bush's administration. That's why we have Dodd-Frank. FYI, your "Dear Leader" voted to DEREGULATE stock derivatives in 2007, which was THE cause of the Crash of 2008, WHILE GW BUSH WAS FAUXTUS.
Henry Gustav (1 месяц назад)
not just that, Clintons budget "surplus" is what was responsible for the crashes. Causing private debt to explode.
Icearchon (1 месяц назад)
I would like to add that even if Clinton wanted to veto the bill, it was passed with massive supermajorities in both chambers, so it was veto-proof. Both the Democrats and the Republicans worked together to repeal Glass-Steagall because financial markets 'could do no wrong'. In other words, Clinton introduced a ton of Wall street cash into the Democratic party, so 80% of them were a-okay with destroying our financial regulations as the party had been corrupted.
Henry Gustav (1 месяц назад)
yup, gave us 2 recessions!
Christian Rupprechter (1 месяц назад)
Taking risks by investing is the purpose of banks.
Walter Morales (1 месяц назад)
Except the banks do not risk anything. If fiat currency depends on the faith and credit of the people; then it stands to reason that they are acting in 'bad faith' against the people since financial institutions like the Federal Reserve can create currency from a few keystrokes and the faith of the people will somehow as by magic give it substance?
Robgoren (1 месяц назад)
Taking risks with our money and proceeds from crime (a la CDOs and MBDs)? What about rate rigging, which is RAMPANT? You're clueless.
Immaturity (1 месяц назад)
no that is the purpose of investing itself (taking risk). Not the purpose of banks.
filonin2 (1 месяц назад)
You didn't watch the video.

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