The Market Crashed On Me
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this is comedy at its best.lol
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@JakeMansonNYC You know that Hubbard was pretty high up in Bush's team of advisers? He was one of the main guys designing the Bush-tax cuts. His form of supply side economics hasn't worked quite the way it was meant to.
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@JakeMansonNYC That would basically be "Bretton Woods, the second act". Worked for a good long while, but for that you need one dominating currency (at the time it was the dollar) that is reasonably stable. Then the other can occasionally devalue or revalue their currencies in discrete steps.
To be fair, I don't think that money stability is the real issue at the moment, so I think economies would be losing valuable degrees of freedom if they were to tie themselves up that way.
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@JakeMansonNYC Well... considering the alternatives it isn't such a bad thing to have fiat currency and CRB. Gold didn't work either. With fiat money you have the problem of possible fuck ups of the central bank. With gold, you are vulnerable to randomness in the gold supply. Look what happened to Spain durning 16th and 17th century. Their economy was destroyed by too much gold from America. And it can be a good thing to have knowledgable central bankers keep the price level stable.
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Stupid video
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Boys II Men On Bended Knee parody is not only worded well, but sung well. A+
1 year ago 2
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You guys are pure fun
4:27 great performance!!!
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I support bernake-san!
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LOL such a nice song
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Thank you to shed some bright side to all the mess being perpetuated by the "leaders" in the whole world. Fight over-indebtness with more debt, what a great idea!
This is just another shot of drugs before the next downturn.
Yeah, lets continue to destroy trust and good faith before we end up in total collapse of society.
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djchamaica 3 years ago 14
Plus: I find humor to be quite relieving in times of crisis! Just think about the absurdity of our system! We thought we could run ponzi-schemes for ever and ever, and now we act, as if the trouble came out of thin air! Come on: A whole planet acts like a 5 year old child that does not understand that there are consequences to any action! If this isn't funny, I don't know what!^^
TheDudefromSomewhere 2 years ago 9