The Experts Are Lying To You!! Here's The Proof!!
Published: 2024-06-13
Status:
Available
|
Analyzed
Published: 2024-06-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Viewers should scrutinize all pronouncements made by economists.
"we now know to interpret an economist pronouncements with greater scrutiny"
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Jerome Powell's statements about the economy being fine may be deceptive and intended to maintain stability rather than reflect reality.
"so the next time Jerome Powell says everything's fine you'll know that this could mean that actually everything's not fine and he's just trying to keep things together"
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Public trust in economic experts is declining.
"the level of trust that people have in these experts has collapsed and continues to decline"
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The reliance on manipulated or skewed economic data is unsustainable in the long term.
"working with skewed data will naturally throw up skewed results and logically this can't be sustainable in the long run"
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The unsustainable use of deceptive economic practices could lead to either a financial system collapse or societal breakdown due to a rebellion against economists.
"this means that either the financial system collapses which could actually be the lesser of two evils because the alternative is that Society breaks and the Very people who economists deem fit to deceive push back and start a rebellion"
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In July 2008, Ben Bernanke assured that Government Sponsored Enterprises (GSEs) were not in danger of failing.
"he assured everyone the government sponsored Enterprises or gses were in no danger of failing"
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Ben Bernanke's assurance about GSEs in July 2008 was proven false when Fannie Mae and Freddie Mac required a government bailout a month later.
"this was obviously untrue because two weeks after that Warren Buffett signaled his concerns about gsse and just a month later the government ended up bailing two of them out Fanny May and Freddy Mack"
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Statements made by economists have a significant impact on market direction.
"what an economist says can and often does determine which way a market can swing"
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Ben Bernanke stated on June 3, 2008, that policy was well-positioned to promote moderate growth and stability.
"he even said that quote for now policy seems well positioned to promote moderate growth and stability over time"
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Ben Bernanke stated on June 9, 2008, that rising unemployment rates would only have a modest effect on the economy.
"he said that despite the rise in the unemployment rate data suggested that it would only have a modest effect on the economy"
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Ben Bernanke stated on June 9, 2008, that while economic activity in that quarter looked weak, longer-term risks had diminished.
"he then acknowledged that economic activity in that quarter looked weak but insisted that the longer term risks had diminished over the last month or so"
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Ben Bernanke suggested on June 9, 2008, that fiscal stimulus would lead to progress in repairing financial markets for the rest of 2008.
"he even suggested that thanks to fiscal stimulus the remainder of 2008 should see some progress in the repair of financial markets"
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China is believed to regularly present fabricated economic data to maintain foreign investment and stability.
"China which is widely believed to routinely push fabricated data in order to sustain foreign investment and political and economic stability"
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Public trust in economic experts has significantly decreased and is continuing to fall.
"the level of trust that people have in these experts has collapsed and continues to decline"
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The use of deceptive practices and skewed data in economics is not sustainable in the long term and will lead to flawed outcomes.
"this deception can cause its own problems working with skewed data will naturally throw up skewed results and logically this can't be sustainable in the long run"
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A potential consequence of widespread distrust in economists is societal breakdown and rebellion against those perceived as deceptive.
"the alternative is that Society breaks and the Very people who economists deem fit to deceive push back and start a rebellion"
Pending