Quantitaive Easing Explained -short video, very funny.

[dixiegrrrrl]

http://www.youtube.com/watch?v=PTUY16CkS-k&feature=player_embedded#at=111

edit: heading

" why don't they just call it printing money?"
"Because printing money is the last refuge of failed economic empires and banana republics"

[jtuck004]

1. Do NOT, repeat, DO NOT DRINK HOT LIQUIDS WHEN VIEWING THIS...

because you may well laugh them onto your screen.

"When you call the plumber to fix something they usually fix it, not break it more.
This is true. The plumber is clearly smarter than the "Ben Bernank".


:rofl: :rofl: :rofl: :rofl:

Thank you for this, it's great.

[dixiegrrrrl]

2. I think it is spoken in the "teabaggerese language", but still funny.

I esp. liked the long list of Bernanke's "qualifications"

[Ghost Dog]

3. Heh. Excellent.

"The Goldman Sachs.". ...

"Are you shitting me?" ...

"No. This is very, very real."

[Warpy]

4. Oh, this is just beautiful

"The only thing I can see deflating is the Fed's credibility."

Well, that's been true ever since that old fool Greenspan took over and started fiddling around with the CPI market basket, doing things like substituting hamburger for roasts to hide the inflation that was going on.

This is perfectly explained in IdiotSpeak.

[dixiegrrrrl]

6. I watched it 3 times, with my morning coffee.

Entertaining way to start the day.:donut:

[bbgrunt]

5. really funny. thanks for the link.

[caraher]

7. More explanation from across the pond...

Starting just after 5:25.

[Taitertots]

8. Anyone pretending that deflation is a good thing is a dangerous moron who should be ignored

Contractionary monetary policy is certain to cause a great depression, just like it did last time.