Clarke and Dawe - Dealing with the Sovereign Debt Crisis
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Uploaded by ClarkeAndDawe on Sep 14, 2011
"Abe Anchor, European financial wizard" Originally aired on ABC TV's 7.30: 15/09/2011
http://www.twitter.com/mrjohnclarke
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- 219 likes, 3 dislikes
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Top Comments
All Comments (15)
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Oh so clever once again.
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@AnnoyedDragon yes,yes,yes!
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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.
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Still top-rated in the satirical political commentator category.
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Brilliant stuff - I loved it!
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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.
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So many quotable lines as always, fantastic work gentlemen.
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haha: "Do you have risk management?"
"well there's a dartboard in the foyer..."
5 months ago 9
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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 36
"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