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Government cracking up :-)

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PostPosted: Wed Mar 04, 2015 7:17 pm    Post subject: Government cracking up :-) Reply with quote

The Keiser Report - Episode 726


In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the governments economic policies apparently cooked up in a crack den - literally! Tabloids in the UK claim to have footage of the Chancellors top economic adviser smoking crack. They look at the economic policies this man may have been pushing and at how they cause effects very similar to those of crack cocaine. In the second half, Max interviews Professor Richard Werner, who, in the early 1990s, coined the phrase quantitative easing. Together they take a look at the monster which QE has become.
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PostPosted: Thu Mar 05, 2015 12:23 pm    Post subject: Reply with quote

The 'crack' Thatcher introduced us to is non-existent money, debt. Give people shitty lives with no chance of a better income but offer debt (crack) instead. The analogy Stacy Herbert follows is so apt, so true. And just wait till interest rates rise, yikes.
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
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