What's Next For The U.S. Economy: Esther Duflo

Get Campbell Harvey of Duke University!

Campbell Harvey from Duke University or Jeremy Siegel. Joe Davis of Vanguard is also a good guest.

How can the West / politicians / academics help the people in Belarus?

@@Claudia-yd3dd cnbc is US based. Following Belarus based news for that information.

Esther Duflo in my view is correct. The apparent bad faith in governance in both parties is that the funding class of billionaires and the corporate politicians who are their lackeys are not empathetic with the rest of us. That is why things will not change much if and when Biden is elected. We really need a people's movement that will grow with every day that passes. The greater the movement the better the probability of getting the needed changes either within a new more progressive Democratic Party or a new and different party, THE PEOPLE'S PARTY!

The Borghese and Torlonia families are top criminal banking families and they are utterly ruthless. The Torlonias function as the Vatican's treasurers. The Borgheses and Torlonias are intermarried and work closely together. The Torlonias are believed to be worth over 2 billion in assets not counting their personal wealth and offshore wealth from mafia profits. The Torlonia family are overseeing the United States Treasury through Rome's network of power and also oversee private Swiss bank accounts of the Italian nobility. Jack Lew was US Secretary of Treasury from 2013-2017 and was Jesuit educated from Georgetown. The current Chairman of the Federal Reserve Gerome Powell was Jesuit educated from Georgetown. The US Treasury is designed like the Torlonia Villa in Rome. The French word "Tor" means tower and the Torlonia family have French ancestry. Lonia is like loan. The Torlonia name represents loan tower. The family is overseeing the Bank for International Settlements in Basel, Switzerland which is designed as a tower and is stealing wealth from the central banks around the world through fraudulent tax contracts. The BIS is also financing criminals with pay offs disguised as investments and loans. The Vatican and Swiss Cantons have been in contract for centuries and this is why the Swiss Guard protects the Vatican City State today. The Geneva flag uses a key symbol similar to the papal keys on its coat of arms along with the Jesuit logo. The UBS Bank which was partly created by the Warburg family also uses these keys for its logo. M.M. Warburg & Company has operations in Switzerland. Switzerland and Vatican City are the only two nations on the planet that use the square shaped flag. Switzerland is like a Papal State. The Torlonia family hold titles of Princes of Fucino and they are the founders and owners of Banca Fucino with Prince Giulio Torlonia as a board member and the recently deceased Prince Allesandro Torlonia as the former president of the bank. The primary Fucino Bank operates out of the Palazzo Borghese. Banca del Fucino works closely with the Vatican bank headed up by the French Catholic Jean Baptiste Douville de Franssu. The Torlonias had contracts with the Rothschild family in the 19th century and are again working with the Rothschilds since 2018. The Torlonia family which are the Princes of Civitella-Cesi are the covert owners of the Civella crime family of Kansas City and co-owners of the LaRocca crime family of Pittsburgh along with the Borghese and Rocco di Torrepadula families. The Pittsburgh crime family was founded by Gregorio Conti and the Torlonias are related to the Conti di Segni family. The Torlonias and Borgheses are part owners of Camorra. Vince Isoldi is a Pittsburgh Camorra mobster known as the "Godfather of Pittsburgh" and he owns clubs and restaurants. The La Torre Camorra mafia clan of Mondragone is operating in the UK and is owned by the Borghese and Torlonia families. Johnny Torrio was a mafia agent of the Torlonia family and took over the Chicago Mob for a period of time. Johnny Torrio created the Big Seven a name of an old mafia alliance. The Torlonia family have a seven pointed star on their coat of arms. Both the Torlonias and Borgheses have part ownership over the Bonanno crime family. Robert Torricelli is a former senator form New Jersey and he is a mafia agent of the Torlonias. The Torlonia family are married with the Spanish House of Bourbon and have part ownership of the Juarez Cartel which have a network with the Civella crime family and are covertly operating in Texas. Prince Marino Torlonia's grandfather was King Alfonso XIII of Spain.
The House of Torlonia of Fucino intermarried with the Borghese banking family of Rome. Princess Marcella Borghese who died in 2002 lived in Switzerland and was in business with Revlon which produced her Borghese line of cosmetics. The Borghese family have established a branch in the United States with Don Giovanni Borghese, Don Ferdinando Borghese, and Allegra Borghese and they own the Castello di Borghese Vineyards in Long Island. Prince Francesco Borghese and his son Prince Lorenzo Borghese who was on the show the Bachelor also have a residence in the United States. Prince Lorenzo Borghese acts as their public relations. Duke Leopold Torlonia is a Knight of Malta. Pope Paul V or Camillo Borghese founded the Bank of the Holy Spirit in 1605 and it more recently merged with Banca di Roma which merged with Capitalia and then merged with Unicredit and went into contract with Santander, Warburg Pincus, and General Atlantic. These contracts ended in July 2016 right after it was exposed. Unicredit is a popular bank in Europe and its headquarters is located in Rome. The House of Torlonia is also intermarried with the Javal banking family of France and the royal family of Luxembourg which are heavily involved in banking. The Torlonia family were a branch of the Conti di Siegni family of Italy that moved to France and intermarried with French Alsacien bankers before returning to Italy as the House of Torlonia. The Conti family had a family branch in Venice where the Warburg or Del Banco family originated just as their Unicredit proxy was in contract with Warburg Pincus. Max Warburg is a top banker in Germany today and works as Managing Director of M.M. Warburg & Company and works as an agent for the Borghese family. The actress Brooke Shields is related to the Torlonias and Prince Giudo Torlonia can be seen hanging out with the Hollywood actor Richard Gere. The Borgheses merged a branch with the Salviatis and Prince Lorenzo Salviati was married to Beverly D'Angelo. The Torlonia family have deep connections with French bankers and recently married into the royal family of Luxembourg. Prince Guillaume of Luxembourg's wife is Princess Sibilla Torlonia and Prince Guillaume has also worked for the International Monetary Fund. Luxembourg's former Minister of Finance Luc Frieden was Chairman for the Board of Governors of the IMF and World Bank Group. Banking in Luxembourg is private just like in Switzerland. The ancient House of Luxembourg were the Kings of Bohemia. The Torlonia family are the Princes of Civitella-Cesi. Civetta is the Italian word for owl. Top Conservative politicians have a yearly gathering at Bohemian Grove in California where they make mock human sacrifices to a giant owl. The Torlonias own a villa in Rome called the House of Little Owls. An elementary school teacher named Roxanne Civitello is a top satanic witch of this owl cult and she rapes, tortures, murders, and cannibalizes children. The actress Jamie-Lynn Sigler from the show The Sopranos who is Catholic-Jewish is a top member of this murderous Wiccan owl cult.
The name Borghese or Bourgeoisie refers to a walled city and the people of these cities were usually bankers and merchants rather than farmers. The House of Borghese have a dragon on their coat of arms and they live in Rome and had dozens of fiefdoms in the Papal States. They are patricians of Venice as well. The Borghese and Torlonias of Fucino manage the Maffucci family in my region with Vincent Maffucci and his pedophile brother Matt Maffucci. The Torlonia-Borghese family of Fucino married with the Del Drago family and their name means "of the dragon." The Del Drago family are a Black Nobility of Viterbo. Anna Del Drago married Prince Alessandro Torlonia of Fucino and his grandfather was a Borghese. Marquis Ferdinando Filippo Del Drago is the current head of this family along with Prince Filippo del Drago-Marescotti and Princess Alessandra del Drago-Marescotti. Drago is similar to the name Draghi. Mario Draghi was born in Rome, was Jesuit educated from the Massimo Institute, and he is one of the most powerful bankers in society as President of the European Central Bank. Mario Draghi is also on the board of directors for the BIS and a member of the Group of Thirty. Mario Draghi, Fabio Panetta, and Ignazio Visco are all from Italy and all directly connected to Rome and board directors for the Bank for International Settlements which is a tower that makes loans to central banks. Tor-lonia means loan tower. Benito Mussolini rented the Torlonia Villa in Rome from the Torlonia family. Prince Junio Valerio Borghese was a naval commander under Mussolini. These banking families are financing and directing fascist secret societies in the United States. The Torlonia family also hold the continual position of Prince Assistant to the Papal Throne at the Vatican City. The Borghese family have part ownership of the Philly Mob and share ownership of the Pittsburg crime family with the Torlonia family. The Borgheses established a non noble branch in Pennsylvania. Robert Borghese is a corporate lawyer from Pennsylvania. The Borghese are princes in Sicily through a marriage with the Paterno-Manganelli family. Today the Borghese family own the Palazzo Manganelli in Sperlinga, Sicily. Prince Roberto Paterno Castello is a member of this family and part owner of the Castellano family of the Gambino crime family. The Cavazza family are closely related to the Borgehese family with Countess Alberta Cavazza and she owns their former property and island. The Borghese family are also part owners of the Magliana Mafia in Rome. Members of the Torlonia crime family include Prince Giovanni Torlonia the VII Prince of Civitella-Cesi, Prince Marino Torlonia, Prince Carlo Torlonia, Prince Giulio Torlonia the Vice President of Banca del Fucino, Alexander Poma Murialdo (Torlonia) President of Banca del Fucino, Princess Vittoria Torlonia, Duke Leopoldo Torlonia, Prince Guido Torlonia, Princess Ines Theodoli-Torlonia, Count Alessandro Lequio-Torlonia, Count Alex Lequio-Torlonia and of the Borghese crime family is Prince Francesco Borghese, Princess Amanda Borghese, Prince Lorenzo Borghese, Prince Scipione Borghese, Princess Alessandra Borghese, Prince Fabio Borghese, Don Giovanni Borghese, Don Ferdinando Borghese, and Allegra Borghese.

Certantly, if us citizens/officials just look a little bit futher they would learn so much from others.

Marwan Sawafi a much better quote would be “if it was such a good idea, we’d already be doing it.” a society never consumes more than it produces for very long.

Now is a great time for all that lovely infrastructure Trump promised.

It hasn't negatively affected the US because we've been able to keep our debt under control. Look no further than Zimbabwe, Wiemar Germany, every Italian city state from 1200-1850, you get the idea.

actually, you can live off of 600 dollars a week pretty comfortable in some parts of the country. Not to mention the fact that that 600 was on top of what they would normally get. So they would be getting about 900 dollars a week per person out of work. I personally only make about 1400 dollars a month so if I had lost my job in the recession, I would be making more than double the amount I normally receive from work.

I work road way construction in Ohio. Prevailing wage is 35 and hour for labor and 40+ for operators minimum. We had about 20% of my contractors labors chose to stay laid off despite work picking up in May. They didn't come back until July when they realized they may nit get their 1k hours for their benefits. First hand, the 600 dollars pushed people to stay at home.

What is your critic? she studies micro doesn't mean she dont have a sound argument. in fact it makes for the USA specifical. USA is too big and powerful to be burden by it yet

I come from an economics background and this isn't true and your comparison is not applicable. A cardiologist will not have studied neurology and vice versa; this is different in economics, where academics will have studied both, at advanced levels at that. That she deals with microeconomics does not mean she has no knowledge of macroeconomics; it just means that's her area of specialisation, usually in issues that are very specific and sometimes abstract...but it doesn't mean she has no knowledge of macroeconomics.

Move to France then! Jobs are plentiful there in the construction industry. I never had an easier time finding work, even during the pandemic.

e pluribus unum MFKZ

Amadeo Giannini founded the Bank of Italy in California which was later renamed the Bank of America. The Bank of America is still under the original charter of the Bank of Italy today. America was named after the Amerigo Vespucci a Florentine explorer financed by the Medici banking family. The BOfA is the second largest bank in the United States with assets estimated at 2.2 trillion. Amadeo Giannini was the son of Italian-Genoese immigrants and was financed by Genoese businessmen with 150,000 dollars to establish the Bank of Italy now called the Bank of America. Genoa was a powerful banking center in Europe for centuries. Wealthy banking families from Genoa include the Doria, Grimaldi, Giustiniani, Spinola, Cattaneo-Della Volta, Odescalchi, and Pallavicini families. Prince Andrea Cattaneo della Volta works in banking and the oil industry. The Cattaneo della Volta family were Genoese debt collectors. The Odescalchis married with the Giustinianis who ruled with 8 Doges of Genoa and Alessandro Giustianiani of Rome currently works with the World Bank. The Pallavicini family are still bankers today with Prince Moroello Pallavicini and his brother Prince Sigieri Pallavicini and he has literally worked with Merrill Lynch as well as JP Morgan, Prudential Financial and Lehman Brothers. Andy Sieg is the current head of Merrill Lynch which is owned by Bank of America. The Pallavicinis own a investment firm today called Global Wealth Management which has operations in Italy and Malta and Luxembourg which have bank secrecy laws. The Bank of Italy or now Bank of America made loans to the wine industry in California as well as to Walt Disney. Roy E Disney was a Vatican Knight of St Gregory. Giannini was a member of the Board of Directors for Columbus Savings & Loan. The Doria family of Genoa financed Christopher Columbus. Amadeo Giannini also made loans to FIAT in Italy after WWII. John Elkann is Chairman for FIAT and married to Donna Lavinia Borromeo. Pierre Casiraghi is married to Beatrice Borromeo and his mother is Princess Caroline of Hanover and she is the daughter of Prince Rainier III of Monaco from the Genoese House of Grimaldi. The central bank of Italy is called the Bank of Italy. The Borromeo family were noble landowners, merchants, and bankers that did business in Venice and Florence. The first Director of the Italian Bank of Italy was Bonaldo Stringher who was from Venice. Luigi Einaudi was the third Director of the Bank of Italy and from Piedmont. The Borromeo family ruled right near Piedmont and still own islands in Lake Maggiore. Amadeo Giannini was really working for these north Italian bankers as a proxy to establish one of the largest banking institutions in the United States. The International Banking Act of 1978 was established right before the Bank of Italy or Bank of America went public on the Stock Exchange. Anne Finucane is the current vice-chairman of Bank of America. Katy Knox the President of Bank of America Private Bank was Jesuit educated at Boston College. Brian Moynihan is the CEO of Bank of America and today they use this bank like a mafia to control other businesses through financial extortion.
www.pbs.org/wgbh/theymadeamerica/whomade/giannini_hi.html
Amadeo Peter Giannini has been called "America's banker." His Italian father traveled home from the California gold fields, then brought a Genoese bride back to San Jose in mid-1869, via the brand-new transcontinental railroad. His mother was also an adventurous soul, leaving her family and homeland with a man she'd known for only six weeks. Their son Amadeo, born in San Jose in May, 1870, would take his own risks in the world of banking.
As a young man, Giannini succeeded in the wholesale produce business, but grew bored. Angered by the era's typical banking practices -- making loans to and servicing only wealthy clients -- he founded the Bank of Italy in San Francisco in October 1904
After a disastrous earthquake and subsequent fires levelled much of the city in 1906, Giannini created new confidence. He set up a temporary bank immediately, collecting deposits, making loans, and proclaiming to all that San Francisco would rise from the ashes.
In 1928, Giannini put his banks into a giant holding company he called Transamerica Corporation, reflecting his new ambition. In 1930, he formed the Bank of America, which would eventually become the largest in the United States.
sites.google.com/site/kondabhaskarreddy/a-p-giannini-founder-of-bank-of-america
Giannini raised $150,000 from his stepfather and ten other friends, and opened the Bank of Italy.
Columbus Savings & Loan Association asked Giannini to join their board of directors.
books.google.com/christopher+Columbus+Francesco+Doria
In this book The Life of Christopher Columbus by Francesco Tarducci is states that Francesco Grimaldi and Francesco Doria financed the Genoese born Columbus' voyage to the New World
www.crunchbase.com/ipo/bank-of-america-ipo--fde177fd
Stock Performance
NYSE:BAC
Stock Symbol
BAC
Stock Exchange
NYSE
IPO Date
Jan 13, 1978
www.investopedia.com/terms/i/international-banking-act-of-1978.asp
The International Banking Act of 1978 was the first legislation enacted in the U.S. to bring domestic branches of foreign banks operating in the U.S. into the framework of Federal banking regulation. Until then, foreign banks operating in the U.S. had been subject to various state laws with no unity nationally in how they were treated. This had given foreign banks both certain advantages and certain disadvantages compared to US banks. For example, foreign banks had the advantage of being able to branch interstate, but suffered in trying to attract retail deposits because they could not offer FDIC insurance.
en.wikipedia.org/wiki/Merrill_Lynch
Merrill Lynch Wealth Management is an American wealth management division under the auspices of Bank of America. Along with Bank of America Merrill Lynch, the investment banking arm, both firms engage in prime brokerage and security dealings.

@Lynda Vance thank you

quite a few retired people still work. they usually get part-time work or do some light contract work.

Depends who wins Presidency in November

It would strengthen under which president?

​@@globaltechusa8262 It would weaken under both, but it would probably weaken much less under Biden due to an overall concern for basic competency. Regressive politics and tax cuts for the rich is not exactly how you elevate your country moving forward. It's important to remember that the USD is losing strength because of disproportionately dovish monetary policy compared to other countries, and monetary policy is disproportionately dovish in the US because pandemic mismanagement was a catastrophe of epic proportion, and that is in large part due to Mr Trump for a variety of reasons.

Because they make more from him

I think she said firms in New York. The text must have been wrong.

John Karns government is constantly taking debt just for normal operation. The handout money was from additional 3 trillions, there is no way they can cover that. Yes, 3 trillion is just a number in computer, it propped up the economy so far everyone is happy but it’s dangerous practice

John Karns yea that’s lots of money but they spent it all, spending of 2019 it’s like 20% gdp, I think. They were 1 trillion in the hole

depends on the debt i dont think she means CC, she means loans from banks or National Debt and i agree but it depends on the debt

@@TakashiNippon she is only talking about the national debt of rich developed country like the US. Normal people should be worried about their personal debt. The Federal government has the ability to borrow money at the moment at almost zero percent interest. In the future it might be negative interest.

I whole heartedly agree. I can’t imagine why anyone wouldn’t support Yang’s 2.8 trillion dollar UBI plan that would give every adult $12,000 annually. U.S. national debt is only $27 Trillion with a $2+ Trillion annual budget deficit for 2020 alone. It would only take a 10% VAT, raising social security taxes, and increasing capital gains taxes. Let’s not forget about other really cheap programs we need to implement like free college tuition, student loan forgiveness, Medicare for all, and reparations to for all African and native Americans.

Javier you blame the goverment because you didn’t pay a livable wage

@@rykendr6355 You should stop criticizing people and learning the facts and the industry in question because your statement couldn't be further from the truth.
Considering I'm paying to every employee well above what every single company pays in the VA, MD & DC to managers I think I'm paying a more than "livable wage" for dog walking. If I'm not paying a liveable wage then you should check with petco that pays 50%, rover or wag pay less as well and every single delivery app that have become so popular with the pandemic. I think its also important to add that doing delivery puts a hell of a lot more mileage in your vehicles depreciating it much faster and spending even more in gas and maintenance than dog walking for my employees.
You are definition of what is wrong with the internet full of unconstructive and unfounded criticism

You weren’t paying your employees enough money

@@qbsince1983 I'm paying the most out of everybody in the dog walking industry. Its the nature of the industry itself where you have 90% of the dog walks in just 4 hours and you can't really work a lot more since pet owners come back from work

Free money? It’s their own tax money, isn’t it?

por que el presidente le gusta mas dinero por los no empleados y los comun ciudadanos.

Good , it cost too much ..... Stop being a freeloader and go get a job or better make some jobs ....

Geo my mom can’t get a job to support me and my sibling because she constantly applys for jobs and gets no call back because the jobs go so fast right now

China unreported corona virus deaths and cases even coronavirus and 9 trillion dollars of debt you know thats a dam lie . Chinese communist party is real sneaky like a rat sneaky f#$% ccp they messed up our economy

the USA economy is 21 trillion dollars and chines economy is 13 trillion, the USA is in a better place than any other country

@@sandeepkumar-iw6qs I meant debt not the economy

@@mrgvic I know it's about debt but if your economy is strong and credit rating is good. debt doesn't matter because no one is asking to pay back the debt and the interest rate they charge is next to nothing. it's like taking a loan for your business for which you don't have to pay back immediately or pay interest.
don't listen to politicians, ask an expert they'll tell you the truth. compare to debt to GDP the USA is doing good.

crypto is ass. It's digital aids with more volatility than AMD stock XD

Big Neuton that’s why I said it’s coming instead of it’s here

@@chadwickhjones eh, you might be on to something once the volatility settles down like gold or other precious metals that people invest in. Crypto being another form of hedging against inflation.

Big Neuton The value of precious metals will crash whenever we mine our first asteroid

Congrats. Your mother must be proud of such an achievement.

@@joshbranson12457 dude.... sarcasm aside..... It's very rare for me to reach some videos first.....

bhowmick bhabhi ghar pe hai kya? kuch kaam pada mujhe.. ek ghanta bas. chutiye.

Then , Trump 2024

Fire Torch trump never boo

@@rykendr6355 ✊😤🇺🇲

Yea well the money isn’t forever. So evenly they will need to fine a job

She explained, there is no evidence that at a large scale social assistance decreases productivity, look it up

okay im sure you know way more than a noble prize winning economist