Chajzler, from mises. org/daily/908 "the essence of inflation is not a general rise in prices but an increase in the supply of money, which in turns sets in motion a general increase in the prices of goods and services." Or, mises. org/daily/3663 "By the time of Trajan in 117 AD, the denarius was only about 85 percent silver, down from Augustus's 95 percent. By the age of Marcus Aurelius, in 180, it was down to about 75 percent silver." etc. I think you need to go beyond 101. So here's 102.
The treasury remains solvent, meaning intrinsic: minerals, oil, resources, etc., or the Cavalry is mobilized. It's a de facto state of war. This is not a colony. There is no mechanism in the Constitution for the government to retain power while backing the currency in our asses. But there is good news. I'm not only a man of complaints, but a man of solutions.
I absolutely love these two guys. Never has there been a more accurate description of the bullshit that goes on in Economic circles. Rest in peace John Clarke - if anyone ever told it the way it is, it was you and your great colleague, Bryan Dawe. I miss your shows.
@@elmerofairohasn’t it!!! They couldn’t get rid of it so they’ve put ida In to ruin it. All the shows that are in a prime time slot have been destroyed
John Clarke was a giant among comedians. The fact that in making us laugh he was not that far from reality among bureaucrats and big business is incedible
Here goes Rumpelstiltskin Once there was a miller who was poor, but who had a beautiful daughter. Now it happened that he had to go and speak to the king, and in order to make himself appear important he said to him, "I have a daughter who can spin straw into gold." The king said to the miller, "That is an art which pleases me well, if your daughter is as clever as you say, bring her to-morrow to my palace, and I will put her to the test." And when the girl was brought to him he took her into a room which was quite full of straw, gave her a spinning-wheel and a reel, and said, "Now set to work, and if by to-morrow morning early you have not spun this straw into gold during the night, you must die." Thereupon he himself locked up the room, and left her in it alone. So there sat the poor miller's daughter, and for the life of her could not tell what to do, she had no idea how straw could be spun into gold, and she grew more and more frightened, until at last she began to weep. But all at once the door opened, and in came a little man, and said, "Good evening, mistress miller, why are you crying so?" "Alas," answered the girl, "I have to spin straw into gold, and I do not know how to do it." "What will you give me," said the manikin, "if I do it for you?" "My necklace," said the girl. The little man took the necklace, seated himself in front of the wheel, and whirr, whirr, whirr, three turns, and the reel was full, then he put another on, and whirr, whirr, whirr, three times round, and the second was full too. And so it went on until the morning, when all the straw was spun, and all the reels were full of gold. < 2 > By daybreak the king was already there, and when he saw the gold he was astonished and delighted, but his heart became only more greedy. He had the miller's daughter taken into another room full of straw, which was much larger, and commanded her to spin that also in one night if she valued her life. The girl knew not how to help herself, and was crying, when the door opened again, and the little man appeared, and said, "What will you give me if I spin that straw into gold for you?" "The ring on my finger," answered the girl. The little man took the ring, again began to turn the wheel, and by morning had spun all the straw into glittering gold. The king rejoiced beyond measure at the sight, but still he had not gold enough, and he had the miller's daughter taken into a still larger room full of straw, and said, "You must spin this, too, in the course of this night, but if you succeed, you shall be my wife." Even if she be a miller's daughter, thought he, I could not find a richer wife in the whole world. When the girl was alone the manikin came again for the third time, and said, "What will you give me if I spin the straw for you this time also?" "I have nothing left that I could give," answered the girl. "Then promise me, if you should become queen, to give me your first child." Who knows whether that will ever happen, thought the miller's daughter, and, not knowing how else to help herself in this strait, she promised the manikin what he wanted, and for that he once more spun the straw into gold. And when the king came in the morning, and found all as he had wished, he took her in marriage, and the pretty miller's daughter became a queen. < 3 > A year after, she brought a beautiful child into the world, and she never gave a thought to the manikin. But suddenly he came into her room, and said, "Now give me what you promised." The queen was horror-struck, and offered the manikin all the riches of the kingdom if he would leave her the child. But the manikin said, "No, something alive is dearer to me than all the treasures in the world." Then the queen began to lament and cry, so that the manikin pitied her. "I will give you three days, time," said he, "if by that time you find out my name, then shall you keep your child." So the queen thought the whole night of all the names that she had ever heard, and she sent a messenger over the country to inquire, far and wide, for any other names that there might be. When the manikin came the next day, she began with Caspar, Melchior, Balthazar, and said all the names she knew, one after another, but to every one the little man said, "That is not my name." On the second day she had inquiries made in the neighborhood as to the names of the people there, and she repeated to the manikin the most uncommon and curious. Perhaps your name is Shortribs, or Sheepshanks, or Laceleg, but he always answered, "That is not my name." On the third day the messenger came back again, and said, "I have not been able to find a single new name, but as I came to a high mountain at the end of the forest, where the fox and the hare bid each other good night, there I saw a little house, and before the house a fire was burning, and round about the fire quite a ridiculous little man was jumping, he hopped upon one leg, and shouted - 'To-day I bake, to-morrow brew, < 4 > the next I'll have the young queen's child. Ha, glad am I that no one knew that Rumpelstiltskin I am styled.'" You may imagine how glad the queen was when she heard the name. And when soon afterwards the little man came in, and asked, "Now, mistress queen, what is my name?" At first she said, "Is your name Conrad?" "No." "Is your name Harry?" "No." "Perhaps your name is Rumpelstiltskin?" "The devil has told you that! The devil has told you that," cried the little man, and in his anger he plunged his right foot so deep into the earth that his whole leg went in, and then in rage he pulled at his left leg so hard with both hands that he tore himself in two.
"And everything is connected to everything else, isn't it?" "In economics I'm afraid that is the global fear right at the moment" Almost slipped by unnoticed, what a great line lol
@@benitojay9010 they were releasing weekly sketches right up until about 5 years ago when Clarke died, so certainly not ‘decades ago’. And their sketches broadcast prime time on the Australian national broadcaster, so it’s hard to call them ‘not mainstream’ either. They certainly are Australian though.
Yes but they were on the abc and they were australian so anyone foreign wont know them that was the point, even australians under 30 wont know them, their peak was indeed decades ago when they were doing this on channel 9 before they moved to the abc.
Not sure if it’s funny or sad that despite being released so long ago now; their clips seem just as relevant to todays govt, financial and business institutions as they ever were when they first were released!
That's incredible. Best writing ever. Printing of money by lunatic governments not thinking about consequences. They always make it someone else's problem so convenient.
"And stand well back." "Yes you gotta stand well back because they can create a bit of a vacuum while reaching cruising height.." "Where bouts?" "..in the superfund industry very often." C&D Mic drop*
This is only one part of the pretend money game. Another is the debt ceiling. That's when you make up a credit limit. Then, as you spend so much fake money that you inevitably approach this crisis point, you just raise the limit. Imagine if we all had credit cards and could force banks to raise our credit limits as needed. Then, imagine experts saying there's no problem to this economic model of deeper debt for everyone. In fact, they warn against downgrading credit scores and making it hard for people to do business, saying it will lead to economic collapse. So, print and spend forever. We're fine. That's how our state economies work (until they don't).
He forgot to say "call all your rich friends and have them stand outside the window and also call the media and tell them to blame it all on the poors"
Yep, we are at the very end now of the music. The global economy will collapse shortly under the mountains of QE pretend money. The long expected inflation is finally showing itself. Brace yourself.
Hilarious and sad and true. My one burning question: What after the printing rouse and faking of monetary stability? When do we print our way out of a viable currency in the global marketplace? Musical chairs?
"...and everything is connected to everything else." "In economics, that is the fear, yes..." The ability to cut right to the heart - or, in this case, the pitch-black lump of coal - of the issue was their hallmark. RIP Clarke. Of course you died while birdwatching.
before I even started watching the video, I Googled 'Quantative Easing' - Quantitative easing (QE) is a monetary policy whereby a central bank purchases at scale government bonds or other financial assets in order to inject money into the economy to expand economic activity.
The concept of injecting money into an economy to expand economic activity is as preposterously stupid as injecting meth into a cancer patient to expand bodily activity.
There was a guy on one of the federal reserve boards after the GFC who at every meeting would advise that quantitative easing wasn’t a good idea. It would make the rich richer, and it was very difficult to stop doing it. They replaced him.
Money Printer Goes Brrrrrrrrrrrrrrrrrrrrrrrrrrrr ..... " Money comes into existence when loans " debt " is taken out against assets . Whether it be a house loan , business loan , personal loan .... that 'currency' did not exist up until that point . It is currency 'the current form of payment'. It is not money only currency , a form of payment against debt , a method to push society along . This is why Governments talk of an expanding economy . .........
Quantitative easing = Printing more money. This new money has no inherent value and must steal value from the money that already exists. Doing this is inherently inflationary as all money looses value. It's like cutting up a pizza into a thousand pieces. You then have a thousand pieces but they are pretty useless because each one has so little value.
Its truly baffling the academic economist charlatans have managed to convince most people that printing exponentially more money in response to every “crisis” (read: opportunity) is an acceptable and necessary course of action.
@@godfreypigott Err, No. Clarke, Dawe and a small cast of thousands produced a show about the 2000 Sydney olympics and it was not only super funny, but was a smash hit, especially here in Sydney, because Sydney siders could see what was going on around us.
Fucking lol " i just explained it and he saw right through it " Like thee genius plan of printing more money was so hard to decipher . Are you in the banking sector ? How does he know our secrets
QE is supply side economics ... believing that banks will lend more if they have more reserves. Problem (and this is how stupid the people in charge are) Banks do not lend reserves. Also, If people don't want loans then banks wont make new loans. QE is the central bank buying back bonds from banks - its an asset swap. It does nothing except maybe pushing dollars out of bonds and into production or stocks.
![Cody Johnson - I'm Gonna Love You (with Carrie Underwood) [Official Music Video]](http://i.ytimg.com/vi/yy9PuYMU29g/mqdefault.jpg)
"Everything's connected to everything else, is it?"
"In economics that is the global fear right at the moment, yes."
I thought I had misheard, but that is a _brilliant_ line
I think about this quote all the time
Xingke knew Mystical Creche? Tactics, Leonardo Ornithrottling Hollow Samuel Schranz™ ZA Quixotic 2:25
"And stand well back"
LOL!
@walktheworld this is as relevant today as after the gfc.
Long live the brutally accurate humor of MrJohnClarke
These guys are absolutely brilliant!
@MichaelKingsfordGray huh?
Priceless and sadly missed.
Classic. Vale John Clarke.
brilliant, i wish there was a way these weasely financiers - so brilliantly portraited by john here - were not able to essentially rule the world
These guys are a first for me. Kind of an antipodean Bird and Fortune. Great discovery!
I do not do not say this easily. But the man was a satirical genuius with out apology..
Chajzler, from mises. org/daily/908
"the essence of inflation is not a general rise in prices but an increase in the supply of money, which in turns sets in motion a general increase in the prices of goods and services."
Or, mises. org/daily/3663
"By the time of Trajan in 117 AD, the denarius was only about 85 percent silver, down from Augustus's 95 percent. By the age of Marcus Aurelius, in 180, it was down to about 75 percent silver." etc.
I think you need to go beyond 101. So here's 102.
The treasury remains solvent, meaning intrinsic: minerals, oil, resources, etc., or the Cavalry is mobilized. It's a de facto state of war. This is not a colony. There is no mechanism in the Constitution for the government to retain power while backing the currency in our asses.
But there is good news.
I'm not only a man of complaints, but a man of solutions.
"...and he's not even in the banking racket". 🤣
😭
😂😂😂
It's a fucking cartel!
🤣
😊....hmmmm
I absolutely love these two guys. Never has there been a more accurate description of the bullshit that goes on in Economic circles. Rest in peace John Clarke - if anyone ever told it the way it is, it was you and your great colleague, Bryan Dawe. I miss your shows.
i thought you said "Reset in Peace "
Just discovered these highly entertaining fellows. Superb!
They are describing the cause of current day inflation. Currency debasement
@@goyim6866 Currency debasement or Corporate maximisation of profits at any cost - coupled with asinine governmental regulation?
I wish they'd re-run these on TV, they're still relevant.
Don't think the LNP would permit it anymore tbh, the ABC has changed quite a lot since these were made
As they always will be
Every bit relevant.
every few years the government recycles ideas (possibly with a new name) and these seem prescient (again)
@@elmerofairohasn’t it!!! They couldn’t get rid of it so they’ve put ida In to ruin it. All the shows that are in a prime time slot have been destroyed
Money printer go BRRRRRRRRRR 🖨️💸💸💸
Don't hold him to the answer though.
@@oz_jones It is big like a Bofors gun, it's bound to do something.
"All facing the window..." These guys crack me up in the small details!
"One of our client is going to need 80 billion of these" lol
@@francisd2386 And the other 1 trillion
"like a Bofors gun..."
Be sure to stand back.
2019 and they are still printing.
2020 and even worse. QE rules the roost thanks to global multinationals deflating currencies. It's not going to end well.
@@Bareego How about today?
@@milospesic2454 I did move all my money out of shares a couple of weeks ago, so before the drops happened. And we've got a long way to go down yet :)
2020 and we are firing up another bank of them because Britain's economy disappeared and the flu is on the rounds 😂😂😂
@@milospesic2454 and today?
"Big, industrial strength printers, big like a bofours gun, all facing the window"
Underrated line that
RIP John Clarke... Brilliant comedy...
Also very clever! John, Australia, Cheers mate.
@@joandar1 IF ONLY it was comedy. The bloke spoke truth. We used to laugh and knew he was right. Not laughing now.
@@professornuke7562 Agreed, John.
He worked behind the scenes a huge amount too.
.....And everything is connected to everything else.
In economics, I'm afraid that is the global fear right at the moment.
Laughed so hard!!!
And yet, they are all pushing for a GLOBAL economy and world order!!!! Hypocrites!!!
Eight years after your comment, this line had me in tears. We'll have to wait another eight to decide whether tears of laughter or suffering.
@@Karl0sis Same here lol
@@gbsailing9436 it already is a global economey
@@evangreenberg1666 In some ways, Yes. In others, not so much.
Pull up a chair....I'll tell you a tale
Back when a trillion of QE was funny for being so outrageous. Deca... years and years ago!
I member.
Ah yes, the good old days
... As for now spend it when you it or it will depreciate faster then a rotten egg.
Buy your wheelbarrow whilst the going is good.
IAM NOT A ROBORG
×3or4
John Clarke was a giant among comedians. The fact that in making us laugh he was not that far from reality among bureaucrats and big business is incedible
In the northern hemisphere they had Yes Minister. In the southern hemisphere we had John Clarke.
This is pretty much what governments have been doing the last 15 years.
Here goes Rumpelstiltskin
Once there was a miller who was poor, but who had a beautiful daughter. Now it happened that he had to go and speak to the king, and in order to make himself appear important he said to him, "I have a daughter who can spin straw into gold."
The king said to the miller, "That is an art which pleases me well, if your daughter is as clever as you say, bring her to-morrow to my palace, and I will put her to the test."
And when the girl was brought to him he took her into a room which was quite full of straw, gave her a spinning-wheel and a reel, and said, "Now set to work, and if by to-morrow morning early you have not spun this straw into gold during the night, you must die."
Thereupon he himself locked up the room, and left her in it alone. So there sat the poor miller's daughter, and for the life of her could not tell what to do, she had no idea how straw could be spun into gold, and she grew more and more frightened, until at last she began to weep.
But all at once the door opened, and in came a little man, and said, "Good evening, mistress miller, why are you crying so?"
"Alas," answered the girl, "I have to spin straw into gold, and I do not know how to do it."
"What will you give me," said the manikin, "if I do it for you?"
"My necklace," said the girl.
The little man took the necklace, seated himself in front of the wheel, and whirr, whirr, whirr, three turns, and the reel was full, then he put another on, and whirr, whirr, whirr, three times round, and the second was full too. And so it went on until the morning, when all the straw was spun, and all the reels were full of gold.
< 2 >
By daybreak the king was already there, and when he saw the gold he was astonished and delighted, but his heart became only more greedy. He had the miller's daughter taken into another room full of straw, which was much larger, and commanded her to spin that also in one night if she valued her life. The girl knew not how to help herself, and was crying, when the door opened again, and the little man appeared, and said, "What will you give me if I spin that straw into gold for you?"
"The ring on my finger," answered the girl.
The little man took the ring, again began to turn the wheel, and by morning had spun all the straw into glittering gold.
The king rejoiced beyond measure at the sight, but still he had not gold enough, and he had the miller's daughter taken into a still larger room full of straw, and said, "You must spin this, too, in the course of this night, but if you succeed, you shall be my wife."
Even if she be a miller's daughter, thought he, I could not find a richer wife in the whole world.
When the girl was alone the manikin came again for the third time, and said, "What will you give me if I spin the straw for you this time also?"
"I have nothing left that I could give," answered the girl.
"Then promise me, if you should become queen, to give me your first child."
Who knows whether that will ever happen, thought the miller's daughter, and, not knowing how else to help herself in this strait, she promised the manikin what he wanted, and for that he once more spun the straw into gold.
And when the king came in the morning, and found all as he had wished, he took her in marriage, and the pretty miller's daughter became a queen.
< 3 >
A year after, she brought a beautiful child into the world, and she never gave a thought to the manikin. But suddenly he came into her room, and said, "Now give me what you promised."
The queen was horror-struck, and offered the manikin all the riches of the kingdom if he would leave her the child. But the manikin said, "No, something alive is dearer to me than all the treasures in the world."
Then the queen began to lament and cry, so that the manikin pitied her.
"I will give you three days, time," said he, "if by that time you find out my name, then shall you keep your child."
So the queen thought the whole night of all the names that she had ever heard, and she sent a messenger over the country to inquire, far and wide, for any other names that there might be. When the manikin came the next day, she began with Caspar, Melchior, Balthazar, and said all the names she knew, one after another, but to every one the little man said, "That is not my name."
On the second day she had inquiries made in the neighborhood as to the names of the people there, and she repeated to the manikin the most uncommon and curious. Perhaps your name is Shortribs, or Sheepshanks, or Laceleg, but he always answered, "That is not my name."
On the third day the messenger came back again, and said, "I have not been able to find a single new name, but as I came to a high mountain at the end of the forest, where the fox and the hare bid each other good night, there I saw a little house, and before the house a fire was burning, and round about the fire quite a ridiculous little man was jumping, he hopped upon one leg, and shouted -
'To-day I bake, to-morrow brew,
< 4 >
the next I'll have the young queen's child.
Ha, glad am I that no one knew
that Rumpelstiltskin I am styled.'"
You may imagine how glad the queen was when she heard the name. And when soon afterwards the little man came in, and asked, "Now, mistress queen, what is my name?"
At first she said, "Is your name Conrad?"
"No."
"Is your name Harry?"
"No."
"Perhaps your name is Rumpelstiltskin?"
"The devil has told you that! The devil has told you that," cried the little man, and in his anger he plunged his right foot so deep into the earth that his whole leg went in, and then in rage he pulled at his left leg so hard with both hands that he tore himself in two.
Thank you
What happen afterwards?
@@rajatdogra96 He dead.
@@rajatdogra96 They lived happily ever after :P
Never pity a debtor
rest in peace, John Clarke. Kiwis and Aussies will miss you mate
"And everything is connected to everything else, isn't it?"
"In economics I'm afraid that is the global fear right at the moment"
Almost slipped by unnoticed, what a great line lol
I'm actually ashamed that I'd never heard of these two comedy geniuses. WHY?!
Not mainstream, from Australia and its from decades ago...
Too smart! Tell your friends...
But you have now - that's the thing.
@@benitojay9010 they were releasing weekly sketches right up until about 5 years ago when Clarke died, so certainly not ‘decades ago’. And their sketches broadcast prime time on the Australian national broadcaster, so it’s hard to call them ‘not mainstream’ either. They certainly are Australian though.
Yes but they were on the abc and they were australian so anyone foreign wont know them that was the point, even australians under 30 wont know them, their peak was indeed decades ago when they were doing this on channel 9 before they moved to the abc.
I miss Clarke & Dawe. Some of the most intelligent comedy in Australian history
In world history, I'd say-at least, the English speaking world.
Not sure if it’s funny or sad that despite being released so long ago now; their clips seem just as relevant to todays govt, financial and business institutions as they ever were when they first were released!
It's as if the Keynesian school of economics never fell out of favour...
These guys are pretty good at brightening a shitty situation lol
Thank you for this priceless education on banking system. I didn't have to spend years in school studying economics nor finance. Thank you so much.
John... we will miss you mate.
Very true ...👍
Same.
MONEY PRINTER GO BRRRRRRRRRRRR!!!!!!!!!!!
"Big like a bofors gun."
XD
Didn't realise how much I missed these guys until this video popped up in my feed !!!
Bloody legends :)
take printer out of box...
That's incredible. Best writing ever. Printing of money by lunatic governments not thinking about consequences. They always make it someone else's problem so convenient.
In the United States case, lunatic government elected by the voters. Now, guess who's the problem? lol...
OMG still so relevant to these current global times. I can stop laughing. The delivery of such 'simple' lines is pure genius.
Inflation go brrr
@@firingallcylinders2949 overleverged system really starting to crack. FED is trapped.
"And stand well back."
"Yes you gotta stand well back because they can create a bit of a vacuum while reaching cruising height.."
"Where bouts?"
"..in the superfund industry very often."
C&D Mic drop*
Quantitative Easing is like using only half a condom now, then later, the other half.
"Dave this isent goin to work I just explained it and he saw right through it"
"Are you a banker "
"No"
"He's not even in the banking racket "
“Excuse me…Dave?”
“This is not going to work…because I just explained it to the bloke; and he saw through it straight away.”
This is only one part of the pretend money game. Another is the debt ceiling. That's when you make up a credit limit. Then, as you spend so much fake money that you inevitably approach this crisis point, you just raise the limit. Imagine if we all had credit cards and could force banks to raise our credit limits as needed. Then, imagine experts saying there's no problem to this economic model of deeper debt for everyone. In fact, they warn against downgrading credit scores and making it hard for people to do business, saying it will lead to economic collapse. So, print and spend forever. We're fine. That's how our state economies work (until they don't).
Monopoly Money Theory
This is hilarious, but enraging to the honorable, as it should be.
Have you ever heard of Trumpelstiltskin...?
He forgot to say "call all your rich friends and have them stand outside the window and also call the media and tell them to blame it all on the poors"
Your videos are funny and brilliant they tell the tale how it is and very simple, loved all of your stuff
Clarke was **great** in these videos! Very straight-faced and matter-of-fact...... :)
Brilliant & depressing.
"Printing, where we are going we don't need printing"
doc brown back to the future ...the first one...
printing the monetary base out of thin air
imagine these 2 during covid...
They'd get thrown in jail.
ABC would censor them!
I wish Clarke was here to roast the FED over their repeated quantitative tightening fails.
I said this was how it would play out in 2006
Yep, we are at the very end now of the music. The global economy will collapse shortly under the mountains of QE pretend money. The long expected inflation is finally showing itself. Brace yourself.
I love these shorts. Great fun.
"The process of creating money is so simple it repels the mind."
Currency...
Simply Timeless.
"I just explained it to a bloke, and he saw right through it." 😁
"Bit of a lolly-scramble, Brian!"
haha printer goes brrrrrr
"he's not even in the banking racket"
The video stopped like two minutes ago and I'm still laughing. I love these guys.
Hilarious and sad and true. My one burning question: What after the printing rouse and faking of monetary stability? When do we print our way out of a viable currency in the global marketplace? Musical chairs?
I hate it when a plan does not come together. I wish we could have heard the Rumplestilskin plan.
"All facing the window...."
These two men were comic geniuses.
Decade later, printing getting worse, AUD worth a lot less. Thank god for cryptocurrency.
Oh, the almost immeasurable number of subtle nuances these guys fitted into a two-and-a-half minute video!
OMG THIS IS GOLD!!!!!!!!!!!!!!!!
exactly like Bird and Fortune!
Miss Clarke and Dawe so much. And how relevant it is. Quantitative Easing and how it DIDN'T suit the Coalition, but with the Virus, happened anyway.
The banks will always find a way.
@@Toleich You can bank on it!
"...and everything is connected to everything else."
"In economics, that is the fear, yes..."
The ability to cut right to the heart - or, in this case, the pitch-black lump of coal - of the issue was their hallmark. RIP Clarke. Of course you died while birdwatching.
before I even started watching the video, I Googled 'Quantative Easing' - Quantitative easing (QE) is a monetary policy whereby a central bank purchases at scale government bonds or other financial assets in order to inject money into the economy to expand economic activity.
But where did the government get the money? They printed it!
The concept of injecting money into an economy to expand economic activity is as preposterously stupid as injecting meth into a cancer patient to expand bodily activity.
If this isn't the world's best comedy team, then I'm going to stop lending money! :D
There was a guy on one of the federal reserve boards after the GFC who at every meeting would advise that quantitative easing wasn’t a good idea. It would make the rich richer, and it was very difficult to stop doing it. They replaced him.
Money Printer Goes Brrrrrrrrrrrrrrrrrrrrrrrrrrrr .....
" Money comes into existence when loans " debt " is taken out against assets . Whether it be a house loan , business loan , personal loan .... that 'currency' did not exist up until that point . It is currency 'the current form of payment'. It is not money only currency , a form of payment against debt , a method to push society along .
This is why Governments talk of an expanding economy . .........
Find
Professor Steve Keen
On You Tube .
Find
Mike Maloney
Gold and Silver
On You Tube
Find
Mike Maloney
The Hidden Secrets of Money .
On You Tube
Watching in 2021 more relevant than ever!
Who's here Jan 2020?
Dude I'm from March 2020 gains erased back to 2016 and the pandemic is barely pulling the water away from the shoreline.
@@davidbowman2404 oof u should've bought puts once corona started in feb
Indeed, It was clear since january hope you got plenty of tendies
As always, VERY well said. This is pretty much everyone's reality with currencies and the banking systems. RIP John Clarke...
Quantitative easing = Printing more money. This new money has no inherent value and must steal value from the money that already exists. Doing this is inherently inflationary as all money looses value. It's like cutting up a pizza into a thousand pieces. You then have a thousand pieces but they are pretty useless because each one has so little value.
Its truly baffling the academic economist charlatans have managed to convince most people that printing exponentially more money in response to every “crisis” (read: opportunity) is an acceptable and necessary course of action.
"No you can't, you're gonna need a BANK of them" hahaha
haha - "he's not even in the banking racket"... classic...
Put it through my window.
that "bofors" line, god damn these oldies have done some good shit in their time
I keep going back to this video when I need a laugh.
The best video these comedians ever made, and they made a lot.
But the front didn't even fall off in this one
I think their 2000 Olympic series were the best...Can you get them on CD, I wonder?
@@gbsailing9436 Aren't you thinking of Roy and HG?
@@godfreypigott Err, No. Clarke, Dawe and a small cast of thousands produced a show about the 2000 Sydney olympics and it was not only super funny, but was a smash hit, especially here in Sydney, because Sydney siders could see what was going on around us.
Absolutely priceless, these two were without doubt great, sad JC passed, they'd have a field day with current issues.
Gosh, lucky the government learned from the crisis and reformed our ludicrous financial system so things like this don't happen anymore.
😅 Oh my, I mean it's true how the federal reserve can just print money like that because there's no value related to cash anymore.
The federal reserve as in the US? This scam is global, not just the US!
@@mikespearwood3914 Yes sir
Rumpelstiltskin holy shit thats funny
"The story is about a little imp who spins straw into gold in exchange for a girl's firstborn child."
You are going to need a bank of them
Like a bofors gun all facing the window😂😂😂😂
One of my favorites.
Fucking lol " i just explained it and he saw right through it "
Like thee genius plan of printing more money was so hard to decipher . Are you in the banking sector ? How does he know our secrets
Just never gets old.... And way too close to the truth.
RIP Mr Clarke. You are sorely missed.
Biden watching this, furiously taking notes.
IM SO CONFUSED I THOUGHT I WAS ACTUALLY GOING TO LEARN SOMETHING ABOUT ECONOMICS
oh but you did learn
lol, you did.
what if i told you... you did, printing fiat money without positive balance is bad in the long run
Quantitative Easing is money laundering from the public using inflation and debt, on a government sized scale.
QE is supply side economics ... believing that banks will lend more if they have more reserves.
Problem (and this is how stupid the people in charge are)
Banks do not lend reserves.
Also, If people don't want loans then banks wont make new loans.
QE is the central bank buying back bonds from banks - its an asset swap.
It does nothing except maybe pushing dollars out of bonds and into production or stocks.
9 years later and it’s way worse then this now! End of Days for the dollar and the insolvent USA.
We're about to do it again.
This is what Sri Lanka is doing or should be doing (2022).
God bless quantitative easing
It's a multi-printer job
... all facing the window.... you alert the banking sector, open the window, and press "copy"! 1:30 so good!