Clarke and Dawe - Quantitative Easing

"Avery Largenumber, Economist" Originally aired on ABC TV's 7.30: 20/10/2011
http://www.twitter.com/mrjohnclarke
http://www.facebook.com/ClarkeAndDawe

Category:

News & Politics

Tags:

• european debt crisis
• debt
• financial crisis
• italy
• news
• clarke
• dawe
• clarke and dawe
• john clarke
• bryan dawe
• commentary
• interview
• brian dawe
• john clark

[mokum777]

If only this was just a joke, rather than global monetary policy

[artyfarty3]

"Dave! this is not gonna work ! Look , i just explained it to a bloke and he saw through it straight away ... he is not even IN the banking racket ! " LOL ;) ! Brilliant ! just Brilliant ! ;)

[nafism6969]

quantitave easing = keeping a spending addict supplied with its drug (money). keeping the addict addicted. no solution. inevitable disaster

[urcritic]

The video stopped like two minutes ago and I'm still laughing. I love these guys.

[antuerius]

I feel better now.

[ResumeBearNetwork]

Have a Super Night!

[Blessthebreakdowns]

@reLENTless1897 I think you're the only person with a sound economic knowledge on this entire damn video. I thought it was funny but it's worrying how many people take it completely literally and develop radical views on such topics as a result.

Economics should be a compulsory subject for everyone to study if they want an opinion on it.

[Blessthebreakdowns]

While I agree that quantitative easing has been greatly misused in the recent economic crisis to support the corrupt banks and governments, anyone watching this video that thinks it's really just pretend-bullshit that doesn't actually work is an economically illiterate tool and should go earn a degree in the subject.

It's a completely viable and justifiable method of improving economic growth in times of unstable consumer and business confidence and is a vital tool when used correctly. Idiots

[chosop25]

Thank you for this priceless education on banking system. I didn't have to spend years in school studying economics nor finance. Thank you so much.

[Thecreamcloud]

Take that piece of shit "one direction" advert off of here! No one should have to sit through them bunch of pussies, ever!

[tasman763]

@reLENTless1897 isnt the problem here HOW the Fed create the money to purchase bank assests ? And they then charge interest on that amount, AND hold collateral ( in the form of bonds ) to cover that " debt " . cant the Reserve Bank do that at zero interest, instead of borrowing ( which is essentially what is happening under another guise ) from the Fed ?

[tasman763]

@tonycavanna quite right ! ! ! The Fed just creates the credit ......out of thin air . Then it charges interest on that credit. Its a CON. Its smoke and mirrors.

The Australian Reserve Bank should be doing this, not some privately owned " central bank ". And it is the public who have to pay that debt. Bloody disgraceful.