Neji Posted January 5, 2011 Content Count: 3341 Joined: 02/28/09 Status: Offline Share Posted January 5, 2011 30 minutes?! TL:DW fuck that. Can someone give me a quick summery of the vid? Link to comment
Lucid Posted January 5, 2011 Content Count: 2284 Joined: 09/27/09 Status: Offline Share Posted January 5, 2011 (edited) 30 minutes?! TL:DW fuck that. Can someone give me a quick summery of the vid? How you're basically using money that's nonexistent and nobody cares as long as they can go home watch their DVR and play their video games. Oh, and how we think that we as the people have power when, in reality, we don't. We've just been fed lies after lies, which in turn they take our money. Edited January 5, 2011 by Lucid Link to comment
SgtJoo Posted January 5, 2011 Content Count: 2034 Joined: 03/02/10 Status: Offline Share Posted January 5, 2011 This isn't surprising to anyone who knows anything about economics... Link to comment
Prez Posted January 5, 2011 Content Count: 8756 Joined: 07/27/09 Status: Offline Share Posted January 5, 2011 This isn't surprising to anyone who knows anything about economics... True enough. It's not a surprise, yet in the way it's laid out, it makes it more interesting. Link to comment
PotshotPolka Posted January 5, 2011 Content Count: 6084 Joined: 03/31/08 Status: Offline Share Posted January 5, 2011 (edited) What's that Lassie? Money can be multiplied via loaning and the Fed regulates the magnitude of lending in the country by buying and selling ETFs at a macro level? What a fucking shocker. EDIT as I watch this: Hey look, gross, misleading misinterpretation of monetary system. The Fed is autonomous (minus the board of governors who are appointed by the President, sworn in by the Senate, and overseen by committees in the House and Senate) and has reason to be, caving into popular demands (which they do anyways, look at Greenspan) is often unhealthy for financial regulation. I fucking loved the ZOMG MONEY PRINTERS part. Once again, loaning multiplies money. There's somewhere in the ballpark of only 1-2 billion dollars in hard cash in the country, the rest of the "GDP" is tied into future investments and capital. I'm sorry, I'm 9 minutes in and I can't watch this shit any longer. I won't claim to be an expert in finance, but I DID pay attention in macroeconomics, and that professor fapped to Palin every night. He had personal qualms he explained to us about the Fed, mainly dealing with Keynesian theory but he wouldn't try to (neither would my Microeconomics professor who was so high on the market's ethical and moral obligations that I wanted to gag) fall back on the "founding fathers wanted us to keep a gold standard" bullshit when there wasn't even consensus then about how to manage currency. Who would have thought cartoons are a poor method of obtaining accurate, or even equivocal presentations of information? Also, I did appreciate the Clockwork Orange reference. Classy. Edited January 5, 2011 by PotshotPolka Link to comment
Lux Posted January 5, 2011 Content Count: 6712 Joined: 03/06/08 Status: Offline Share Posted January 5, 2011 I fucking loved the ZOMG MONEY PRINTERS part. Didn't you know that GMOD RPG is a realistic simulation of the American Economic system? 1 Link to comment
SgtJoo Posted January 5, 2011 Content Count: 2034 Joined: 03/02/10 Status: Offline Share Posted January 5, 2011 What's that Lassie? Money can be multiplied via loaning and the Fed regulates the magnitude of lending in the country by buying and selling ETFs at a macro level? What a fucking shocker. EDIT as I watch this: Hey look, gross, misleading misinterpretation of monetary system. The Fed is autonomous (minus the board of governors who are appointed by the President, sworn in by the Senate, and overseen by committees in the House and Senate) and has reason to be, caving into popular demands (which they do anyways, look at Greenspan) is often unhealthy for financial regulation. I fucking loved the ZOMG MONEY PRINTERS part. Once again, loaning multiplies money. There's somewhere in the ballpark of only 1-2 billion dollars in hard cash in the country, the rest of the "GDP" is tied into future investments and capital. I'm sorry, I'm 9 minutes in and I can't watch this shit any longer. I won't claim to be an expert in finance, but I DID pay attention in macroeconomics, and that professor fapped to Palin every night. He had personal qualms he explained to us about the Fed, mainly dealing with Keynesian theory but he wouldn't try to (neither would my Microeconomics professor who was so high on the market's ethical and moral obligations that I wanted to gag) fall back on the "founding fathers wanted us to keep a gold standard" bullshit when there wasn't even consensus then about how to manage currency. Who would have thought cartoons are a poor method of obtaining accurate, or even equivocal presentations of information? Also, I did appreciate the Clockwork Orange reference. Classy. You got 4 times farther than I could before turning it off... Link to comment
PotshotPolka Posted January 6, 2011 Content Count: 6084 Joined: 03/31/08 Status: Offline Share Posted January 6, 2011 You got 4 times farther than I could before turning it off... I actually ended up watching the whole thing but I didn't feel the need to comment on the BANKS KILLED JFK part either. Link to comment
jeN Posted January 6, 2011 Content Count: 5086 Joined: 04/13/07 Status: Offline Share Posted January 6, 2011 29 minutes? bitch i am not watching that. Link to comment
ReGIONALS Posted January 6, 2011 Content Count: 1844 Joined: 07/27/08 Status: Offline Share Posted January 6, 2011 Loved it, going to show it to my history teacher. same. Link to comment
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