Posted on 11/13/2010 11:49:53 AM PST by weef
Great, funny video explaining Quantitative Easing 2:
http://www.youtube.com/watch?v=PTUY16CkS-k&feature=player_embedded
And very funny too.
Wooden characters. Wooden dialogue.
I can’t take it seriously.
I work in the field, and believe me, it is quite accurate.
This is awesome (hysterical and sad), LOL.
Rips Obama, Bernanke, Goldman Sachs, William Dudley, the NY Fed, and exposes the absurdities of QE2.
http://www.youtube.com/watch?v=PTUY16CkS-k
“According to the Ben Bernanke, the inflation will create the jobs and improve the housing market... “
....
“What is deflating right now?”
“The only thing deflating, that I can see, is the Fed’s credibility.”
“Did they have a lot of credibility to start with?”
“No.”
“Why not?”
“Because the Fed has been wrong about every major economic development in the last 20 years.”
“You mean they didn’t see the internet stock bubble?”
“No, in fact, they helped fuel the internet stock bubble?”
“And they didn’t see the housing bubble?”
“No, in fact, they helped cause the housing bubble?”
“And they didn’t see the sub-prime crisis?”
“No, in fact, they told us sub-prime were contained right before the shit hit the fan and the Lehman went bankrupt.”
“So, has the Fed ever been right about anything?”
“Let me see if I can think of anything. (Long pause) No. Nothing.”
...
“Who put the Ben Bernanke in charge?”
“Ben Bernanke was first appointed by the President Bush
then he was reappointed by the President Obama.”
“But wasn’t president Obama supposed to bring ‘The Change’?
“Yes.”
“How does putting in charge the same fool, who has been wrong about everything, ‘the Change’?”
“Well, under the President Bush, the Ben Bernanke only blew up the American economy. Under the President Obama, he is working on blowing up the entire global economy.”
“That does not sound like ‘The Change’ we can believe in.”
...
“I want to bang my head against the wall”
“You should not do that.”
“Why not?”
“Because the healthcare is too expensive.”
Actually he screwed up the world economy too, but still it is funny.
I only found these cartoons last night. I found one where plays the liberal and says economics is too complicated for all of us to understand except for brilliant Paul Krugman who does, so he should run the country. Before the election I got in a debate with a liberal who said exactly the same thing, that it is too complicated to understand so he trusts the Obama experts (all the ones that got it wrong)
Have you noticed that Republicans are now Austrians?? Back under Bush they said devaluing the dollars was a great idea. Like Peter Schiff said, "Republicans only act like Republicans when out of power",
Such an investment would be a good hedge against inflation while still being somewhat liquid.
Thanks for some of the text of the video. I wish posters took the time to write some of the dialog/monolog of the videos in the body of the post. It would make the posts more meaningful.
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