Newstopia - Micallef on the Reserve Bank and Inflation

Sean Micallef helps us understand inflation on Newstopia

Category:

Comedy

Tags:

• micallef
• newstopia
• economy
• inflation
• reserve
• bank
• economics
• funny
• supply
• demand
• satire
• sbs

[BTPossum]

Hello and welcome, ladies and gentlemen, to 'someday'.

What you said is true. I call it 'Compound Clusterfuck'

[john1230]

Money is "worth" something, only because you expect you can get something in return.

But basically, it's worth nothing.

[iinspectra]

You left out the best bit: there's a final cross to Tony later in the episode, and Tony's hung himself.

[randoolymiester]

Hang on, I recall one more cross over, and Tony was hanging by a rope.

[Setzer]

You're right money isn't worth anything...can I have all of yours then?

[00Billy]

To keep my self sane I have to watch this video until i laugh.....

The worlds problems summed up in satire all too easily..."sorry , no compensation" is another...wow

[kuroshashu]

@john1230: This is just a list of baseless assertions. You clearly hold these points dogmatically and so perhaps you're right: I should quit wasting my keystrokes on a fundamentalist.

[john1230]

@kuroshashu Europe is broke. Amerika is broke too. Governments cost you more than you get in return. They give themselves a good paycheck too, you know? No crisis for them! Why has the government give the workers the money we gave them? I can give it themselves. War is never justified as long as no foreign troops enter your country. There is NO free market. Everything is gov regulated and highly taxed. That causes unemployment. Ok. End of discussion.

[kuroshashu]

@john1230: Wait, what? Now we're on government?

I don't get how they can be broke just become there's no metal in their banks. Just as one example; infrastructure can be maintained by giving the workers the money that we gave the government. That system works fine. What would the government have to buy with gold?

War is sometimes justified; the problem is bad government . Fortunately, we're dealing with that.

Unemployment? Surely unemployment is a byproduct of mechanisation.

[john1230]

@kuroshashu

You're right. But they can't make gold.

Some tried in ancient times, they all died :)

Governments of all countries are as good as broke.

And the more money is printed, the deeper they / we get in deep shit.

Wondering why so many people buy gold?

They don't trust sheets of paper with a number on it.

There are many problems in this world.

All created by governments.

To name some... wars, unemployment or food shortages, and almost any other problem is governments fault.

[kuroshashu]

@john1230: Even adjusting for inflation, the value of gold does fluctuate quite a bit. In any case, money, including gold, is only worth exactly what we say it is.

The more you type, the more it appears that your real issue is with paying taxes and I can't imagine why that might be. No sense in having a broke government.

Also, global government? I don't know where that came from but since you mention it; I'm not overly sure I think it's a bad idea. Some problems are just too big.

[john1230]

@kuroshashu

The real value of gold and silver doesn't change much over time.

Paper fiat money looses value, so you need more of it to buy gold and silver.

What is money worth when you have a machine which makes it for you?

In history, and in every culture, gold was used as money for over 6000 years.

Every year global government will cost a lot of money.

Guess who is going to pay that.

Right, the consumer, the taxpayer, and the working man.

A nickel Dollar will loose value, but not a gold one.