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Punk Economics

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posted on Apr, 5 2012 @ 10:06 PM
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Here is a series of great videos that detail the debt problems and the financial bubbles around the world. It is done by an Irish economist (David McWilliams) and explains things really well and is entertaining at the same time.

They are worth a view, only takes a few min each. The first two are looking at the problem from a European debt crisis point of view but the lesson is the same in the US because the US and EU are doing the same thing. Additionally, if the EU collapses, we will be in even bigger dodo here than we already are--and vice versa.


Lesson 1 - European Debt Crisis


Lesson 2 - Greek Default


Lesson 3 - Gas Prices and the Debt Bubble


edit on 5-4-2012 by Bakatono because: (no reason given)

edit on 5-4-2012 by Bakatono because: (no reason given)




posted on Apr, 6 2012 @ 01:34 AM
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Very good, it does provide quite a clear explanation of some of the problems going on. With nations now out of the loop with the management of currency, it has taken away governments power to influence the supply and demand or resources. This change is also placing government on the same grounds as corporations with their ability to affect change. This means that governments will no longer be able to invest in services that do not contain an income stream to remain profitable. As for how much value is placed on individual, social and natural heath is debatable.

I do find the 5% the banks add from the central bank to the government as exploitive. I can understand that there some accounting and other services provided with some costs for service, but considering the stress that some national debts are under it comes across very much as an attack to limit the influence of government while increasing the influence of the bank and distributing profit to shareholders.

The issues of cash flow around the world is gradually coming under more oversight oversight and accountability. Hopefully it is not too late.



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