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Quantitative Easing explained

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  1. #1
    bjsaust's Avatar
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    Default Quantitative Easing explained

    The Silver Bear Cafe

    I have no idea how accurate it is, but its mighty amusing.
    Just dipping my toes back in.
  2. #2
    It's amusing. He gets a whole ton of stuff wrong, but some right.

    What he gets right is basically his almost inadvertent statements that the Fed is run by Goldman Sachs and general Wall Street establishment interests and all the effects of that. What he gets wrong is pretty much everything else.

    We want inflation right now, lots of it. It's either that or default, which is the hard route. So far we're doing default because the banks run the place, and they make more money by extreme boom/bust cycles and accurately playing the markets based on those booms/busts. The banks want nothing more than for the real economy to hit rock bottom, but doing so via deflation would also hurt their fiat economy.

    Their solution is the weak sauce QE that doesn't do much other than give the banks blow jobs while keeping the real economy from regaining ground. Part of this is because plutocrats only care about plutocrats, and part of it is IMO because they don't want to do things that will help the real economy much because they want to make sure the GOP is back in charge in 2012

    What the Fed needs to do is commit to something like 5% inflation for the next five years. That would be soooooooo good, but it won't happen until we once again return to the United States of Republicans, and even then I'm not sure if they would even bother doing that
  3. #3
    hi i'm wufwugy, I read a bunch of articles online now I know more than any economist. sure beats studying for 8+ years etc.
  4. #4
    Everything I have ever said about econ does its best to understand and conform to the opinions of the most premiere unaffiliated econ professionals the media has to offer

    For example, my statement about 5% inflation over five years is not something I made up, but verbatim Krugman.
  5. #5
    yeah, slanted view for sure in the video, but it got enough right that hopefully people will further educate themselves on the topic. hopefully it will wake some people up, and maybe the cartoon format will help reach people it wouldn't have before! lol


    P.S. WOOF I love your posts (although I don't always agree with them, mostly I do though, I think?). Either way, eff the haters.


  6. #6
    Quote Originally Posted by wufwugy View Post
    Everything I have ever said about econ does its best to understand and conform to the opinions of the most premiere unaffiliated econ professionals the media has to offer

    For example, my statement about 5% inflation over five years is not something I made up, but verbatim Krugman.
    Ok...


    So yeah I found another video by the same creator; seems rather enlightening, I'll probably get back to this thread sometime and post my thoughts on it.

    And yeah Wuf you should definitely check this out, I'd be interested to hear your thoughts:

    Fiscal Ease and its effects on the macroeconomy

    Edit: link removed
    Edit x2: Link back up
    Last edited by Penneywize; 11-24-2010 at 05:06 PM.
  7. #7
    Talk about being passive aggressive

    You belie your own damn point, and you don't even realize it. Regardless of how much you may disagree with Krugman, considering his analyses faggot retard fecal matter is bad stuff. It makes you and every other clown who does it look like idiots. His word isn't Jesus, but he is indisputably one of the leading specialists in the field today. Especially since he's more unaffiliated than most of his vocal colleagues

    Then you go on some rant about my disdain for academics, which belies your point even more. It is YOU who has that disdain, yet don't realize why. I'm the one who actually listens to those who lead the academic field, you're the one who calls them faggot retards.

    Thanks so much for posting that. At first I thought you were kinda cool, but now I know to not listen to your trash. Realize why your opinion of Krugman is like calling Ed Witten a dumbshit then going on to explain why you know more about string theory, then we'll talk
  8. #8
    guess I hit a nerve? I thought it was obvious enough that the vid was a joke, really thought you'd get a kick out of it to be honest. I just saw a pretty epic opportunity for a troll once I noticed I could build a video identical to the first one in this thread and just add in some potentially hilarious dialog.

    No hard feelings man, I was just dicking around. Look forward to disagreeing with you in future.

    Edit: I suppose I'll take the video down out of respect and the obvious fail of my troll
    Last edited by Penneywize; 11-24-2010 at 03:19 PM.
  9. #9
    I did think it was kinda weird, but also thought it was legit. I'm not the easiest to troll, so big ups at that. Don't take it down, it defeats the purpose of trolling success

    It does sorta hit a nerve in a way. The only person I've ever put on ignore is a retard who constantly does things like call Krugman a clueless twat, and there are honestly a sizable chunk of wannabes who think things like that. It's extremely irritating when it's real

    But as a joke, it doesn't hit a nerve. I like jokes, I consider few things off limits, and you did get me
  10. #10
  11. #11
    meh, can't watch it due to copyright issues (I'm in Canada). Know of a repost anywhere?
  12. #12
    Shouldn't be copyrighted
  13. #13
    "This video contains content from Comcast Entertainment Group, who has blocked it in your country on copyright grounds."
  14. #14
    Well that's dumb. It's clearly falsely flagged. There is zero difference in actual copyright between this one and the one in the OP
  15. #15
    DAT ASS

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