At 5% interest-rate and 2% inflation it takes 25a to double the money "invested". The banks have had way more time without a default. They will still have gotten money even after a 100% default. I don't call that unsafe. If you lend money to a country that has more than 150% GDP in debt you ought to know there is some risk.
B.- " you in banking ?" J.- " are you a client of ours ?"
B.- " no, i'm in Australia "
J.-" oh ... yes , in that case - yes , i'm in banking , yes indeed i am ."
LOL ! ;) Brilliant ! Genius ! these guys are just THE BEST in political comedy . Second to none ! - by far .
They seriously deserve a National Medal of Comic Excellence or something like that , they have kept me in stiches every week for something like 8 years or more .
Oh so clever once again.
TheFilthyMcNasty 2 days ago in playlist Financial Crisis
It's all the more absurd when you come to realize that the money the bank loaned in exchange for the bond, doesn't in fact exist.
it was just a figure typed into a computer at the time the "loan" was made, the bank creating its "loan" money out of thin air.
AnnoyedDragon 3 months ago
@AnnoyedDragon yes,yes,yes!
blueiron0 2 months ago
Still top-rated in the satirical political commentator category.
LyfeIzLike 4 months ago
Brilliant stuff - I loved it!
goldieken 4 months ago
At 5% interest-rate and 2% inflation it takes 25a to double the money "invested". The banks have had way more time without a default. They will still have gotten money even after a 100% default. I don't call that unsafe. If you lend money to a country that has more than 150% GDP in debt you ought to know there is some risk.
0MoTheG 5 months ago
So many quotable lines as always, fantastic work gentlemen.
quinnthalas 5 months ago
"Place head in hands and close eyes..... what do you think got us in this position in he first place.."
Malakovic 5 months ago 16
haha: "Do you have risk management?"
"well there's a dartboard in the foyer..."
MrGRINandBEARit 5 months ago 9
B.- " you in banking ?" J.- " are you a client of ours ?"
B.- " no, i'm in Australia "
J.-" oh ... yes , in that case - yes , i'm in banking , yes indeed i am ."
LOL ! ;) Brilliant ! Genius ! these guys are just THE BEST in political comedy . Second to none ! - by far .
They seriously deserve a National Medal of Comic Excellence or something like that , they have kept me in stiches every week for something like 8 years or more .
I absolutely LOVE THEM ! Keep them coming guys :)
artyfarty3 5 months ago 35
head in hands and close eyes!
paulpriz1 5 months ago 2
lmao the comment about bank risk management was brilliant, these guys are hilarious!!!!
JAYREXY 5 months ago
Brilliant as always.
RobRound 5 months ago
This has been flagged as spam show
first
Keegansuttie 5 months ago
The tray IS in the upright position. Watched this one over and over, got me every time! XD
MrSmallSpoons 5 months ago 4