“MONEY FOR NOTHING; INSIDE THE
Liberty Street Films, Written, Produced, & Directed by JIM BRUCE,
Narrated by LIEV SCHREIBER (2013, 104 min)
WHEN: Sunday June 8th, 2014, 1:15 pm
WHERE: Community Church NY, Gallery Room 28 East 35th St. btwn Park & Madison Aves
ADMISSION: Free, donations appreciated
"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else."
- John Maynard Keynes (1936)
Our last RESISTANCE CINEMA film, “AMERICAN WINTER”, focused on the human consequences of the great recession of 2008. It followed the lives of eight families as they struggled to find work, food, shelter and to keep their suffering families together. It was a film for your heart. Put your thinking caps on because this week we feature a film for your head. MONEY FOR NOTHING is a feature-length documentary about the Federal Reserve that seeks to unveil America’s central bank and its impact on our economy and our society.
Nearly 100 years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed Chairman's every word. Yet the average person knows very little about the most powerful - and least understood - financial institution on earth. Narrated by Liev Schreiber, it is the first film to take viewers inside the Fed and reveal the impact of Fed policies - past, present, and future - on our lives.
Current and former senior Fed officials Paul Volcker, Alan Greenspan, Ben Bernanke, and Janet Yellin, prominent economists, investors and traders provide unprecedented access and take viewers behind the curtain to debate the future of the world’s most powerful financial institution. They debate the critics, and each other about the decisions that helped lead the global financial system to the brink of collapse in 2008. And why we might be headed there again.
Digging beneath the surface of the 2008 crisis, Money For Nothing is the first film to ask why so many facets of our financial system seemed to self-destruct at the same time. For many economists and senior Fed officials, the answer is clear: the same Fed that put out 2008’s raging financial fire actually helped light the match years before.
As the global financial system continues to falter, the Federal Reserve finds itself at a crossroads. The choices it makes will greatly influence the kind of world our children and grandchildren inherit. How can the Federal Reserve steer our nation toward a more sustainable path? How can the American people – who the Fed was created to serve - influence an institution whose inner workings they may not understand?
The key tenet underlying Money For Nothing is the belief that a more fully and accurately informed public will promote greater accountability and more effective policies from our central bank - no matter the conclusions any individual draws from the film.