Money for Nothing: Inside the Federal Reserve

• Title: Money for Nothing: Inside the Federal Reserve
• Duration: 104 min.
• Country: United States of America
• Director: Jim Bruce
• Script: Jim Bruce
• Year: 2013
• Trailer: https://www.youtube.com/watch?v=iXlXem1zI_A
• Synopsis: The documentary focused on the mission that has the U.S. Federal Reserve as the regulating institution of the global financial system and the impact it has on it, since its creation in 1913. They also point the decisions made by senior FED officials, which led to a collapse of the financial system in 2008.

"Banking and finance" in the film

The deregulation that the United States federal reserve has created and that the financial institutions have used to enrich themselves, and that has stoned the bases of the financial system that are faith and trust.

Since 1907, when the banks went bankrupt, it was the trigger for the government of that time to realize that they needed a regulatory body, when the federal reserve of the United States was born in 1913, at a time when many other countries Europeans already had regulatory bodies, which kept them away from financial problems such as the United States was experiencing at the time.

He also mentions stages of the global financial system such as the gold standard and then the Bretton Woods agreement, the latter made it possible for the American economy to position itself in the place it now occupies, the first worldwide.

Although the main objective is the deregulation that gave rise to the financial crisis of 2008, and that the FED allowed that it was developed, and that explains in this fragment of the documentary:

https://www.youtube.com/watch?v=o5nwETovxew

In conclusion, the documentary shows us that financial policies are not good because of the times they are adjusted, but because of the importance of their results in the long term, and helps us to understand the functions of one of the most important central banks, most important in the world.

Personal commentary

In our opinion the film makes us understand clearly and simply how the Federal Reserve really works, and why it plays such an important role in our lives. There is a great lack of awareness on the part of the citizens about the Federal Reserve. Therefore, the documentary covers all issues chronologically, citing many dates and historical bubbles, showing market charts or news clips to facilitate understanding.

Once the documentary is completed, it makes us ask questions or discuss the role of federal regulators in times of financial collapse as it was in 2008 and it it could be repeated in a new crisis in the future.