Monday, October 18, 2010

Timothy Geithner on Charlie Rose on PBS

Timothy Geithner on Charlie Rose on PBS was on Tuesday October 12th 2010. I found Timothy Geithner to be one of the most intelligent people I have ever listened to in regard to world economics and U.S. and European Economics. So, if you have enough background in being able to comprehend personal, U.S. , and International economics you are in for a rare treat if you hear this interview.

I found him to be literally a genius not only in what he has been involved with with the Bush Administration and the Obama Administration but also he talks like (in some ways) he is not only
the U.S. Treasury Secretary but talks in efficient useful ways concerning nations like China and Europe and Japan and all the others. Since he is skilled enough to speak as an internationalist in regard to making the whole world economic system work better, I was happy to hear his talk with Charlie Rose.

However, I also realized that the popular conventional wisdom politically (in the U.S. at least) has nothing to do with the reality of what has been and is happening in the U.S. and around the world.

The reason for this, (I believe) is that the average voter may not have enough understanding of what actually is being and will be done and of how the problem we faced started in late 2008 was much worse than what led to the Great Depression. This ignorance prevents people from being grateful for how they were saved as a nation by Bush and Obama and of the sacrifices both administrations have made politically in order to save our nation and to some degree the world from complete economic disaster.

So, unfortunately, the American people have been sold a bill of goods and moving forward on mythological issues. If you get a chance see this interview if you have some kind of background in economics or investing. Even if you have no background in national or international economics or investing it might be useful to hear how our nation economically at least was saved from something worse than the Great Depression.

 

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