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Startling Unpublished Keynes Equations Discovered (Friday Afternoon Humor)
Startling Unpublished Keynes Equations Discovered
LONDON | Friday Sep 30, 2011 3:26pm EDT
(Routers) – A remarkable discovery reveals equations that economists say could end the business cycle - forever.
Ian Macallum, spokesman for the Royal & Ancient Historical Society of London, told Routers that the equations were contained in an unpublished manuscript which was found in the attic of an 18th century flat in Soho.
"We were skeptical when initially contacted by the current owners” said Macallum. “There is no record of Keynes ever having resided at that address. But we can confirm that the manuscript is indeed an original work of Lord Keynes."
The formulas seem to have been derived from the Navier-Stokes equations which describe the motion of fluid substances.
“It’s pure Keynesian genius” said former Fed Governor Fred Mishkin. “There is a strong consensus among economists, at least within the Federal Reserve, that liquidity is the answer to the age-old question ‘what is the meaning of life?’” So, it makes perfect sense that someone as brilliant as Keynes would adapt these equations to a framework for fiscal and monetary policy.”
Although very technical in original form, Moody’s Chief Economist Mark Zandi said the final derivation of the equations can be simplified to the following:
“Unless you’re a PhD economist, I think it’s impossible to appreciate the elegance of the final derivation: by raising every stimulus factor to the power of infinity, you immediately move the probability of future recessions to zero. It’s brilliant. The notion that ‘risk’ is a necessary component of free market capitalism will finally be discredited.”
Federal Reserve Chairman Ben Bernanke was equally sanguine. “I’ve asked some of my fellow academics at CERN to begin modeling the equations with an array of neutrinos, mixed with a small amount of unconventional policy. Even without the helicopter, it should be theoretically possible to achieve an economic growth rate faster than the speed of light. Einstein was a monetarist, so I’ve always been skeptical of his Special Theory. It is now painfully obvious that he should have raised ‘c’ to the power of infinity, not 2.”
“I’m still trying to catch my breath!” exclaimed Nobel Prize winning economist Paul Krugman. “Literally, when I read the equations, I felt a chill down my spine and a tingle in my balls. We can finally end the partisan bickering and get the global economy back on track.”
(Reporting by Linda Green of Routers News)
h/t John Lohman
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A chuckle, that's all you'll get out of me because at this point it's almost plausible. These fucking sociopaths have lost the plot.
Before Keynes bashing begins:
THEORY: Keynes said government should SAVE during booms and spend those savings during recessions.
PRACTICE: Politicians (both democrats and republicans) party all of the savings off during booms and borrow to spend more during recessions
RESULT: record deficit
To: GeneMarchbanks
Is that Papa Smurf's Asshole?
If so, I'd like to think that he would want my avatar affixed over yours!
Smurfette's Fractal Vagina, I thought I cleared this up...
Have you tried antibiotics?
Nice, I set myself up for that one ;)
In the spirit of ObamaCare, hows about just some Clearisil?
fractal or fractured? She lives with about 20 guys
Looks to me more like Smurfet's honey hole after a Grumpy grudge fuck.
... because it wasn't foreseeable that people might not be totally committed to tightening their belts during a boom?
If you struggle for years, then finally get a promotion and a huge raise, that's not generally the time that you decide to start eating ramen and cut off the cable.
Because most people are not rational and have below average IQ, EQ, etc. In fact by definition half of population is <100 IQ... stupid but not retarded.... and politicians serve these "people"...the majority bottom 51%. So they will increase their spending in line with increase in income/gdp without savings increasing.
That's why Americans will suffer now. Stupids will learn their lesson. Talk to great depression I folks....they got promotion and raise alright but saved pieces of glass and plastic just in case for some use. Boomers got 10% raise and end up spending 15% more.
Plus promotion of 20% raise when real inflation is 8% and taxes on that extra earnings is 50%, the real gain is only 6% even less so after you take 10+% sales taxes (alcohol, travel, airport) into consideration.
Keynesianism fails to take into account basic human nature. The only force in modern society more powerful than the desire for instant gratification is the expectation of the realization of deferred gratification. See the response to any effort to even slightly reform Social Security for evidence. A spoiled, entitled population survives hard times by dreaming of the orgy of financial hemorrhage they'll have as soon as things get better. Telling people to take a haircut during partytime was never going to work.
On top of that, any attempt to promote Keynesianism requires central planning and state/bank cartel control of the economy. Such systems are doomed to fail from the start, as the centralization of authority increases corruption and inefficiency ad infinitum.
Thus enter Milton Friedman.
THEORY: "free markets and trade"... get government out of the way with regulations, "free trade", instead of government spending (rescue) of economy during recessions, let the chips fall so people learn lessons.
PRACTICE: politicians introduced brutal global competition amongst most wealth making exporting industries while rewarding least wealth producing sectors (money changers, lawyers, government workers, healthcare service) through repeal of regulations like glass-steagall or support of monopoly unions while incentiving multinationals to outsource as many production jobs as possible or exploit slave labor (aka illegal immigrants). Short term booms of productivity gains, but the private profiteers became TBTF and failed anyway due to excessive greed.
RESULT:
Keynesianism is fundamentally flawed. If you have to borrow to fill a budget deficit today then tomorrow you have to borrow to not only fill the deficit again but to pay the interest on the outstanding loan. The idea that you can produce a surplus is beyond farcical.
You just have to look no further than Portugal which borrowed massively to build roads to create jobs. Once completed not only was the economy still in the tank but they had to then introduce tolls to pay for the maintenance on roads already paid for by taxpayers.
You can't borrow to prosperity. Borrowing gets you in debt. The world is about to very rudely wake up to the very simple reality that we haven't turned a profit in almost 50 years and we haven't paid for anything either. And we can't now pay our bills as well, so it all defaults and we all lose. (except me because I've got gold)
Nobody's ever made any money TO save in good times because the bill was never taken into account when we assessed whether they were actually good times or bad, just shoved off onto someone else's balance sheet, sliced and diced and counted as an asset somewhere.
Keynesianism is beyond idiocy. It only works because everyone thinks they get something for nothing...
Keynesianism fails to take into account almost everithing. Or rather - it is alway very selective with what to loook at...
"...most people...have below average IQ...". I must be one of the soon-to-be-suffering stupids because I really don't understand how that works. Wish I was smarter.
I knew I was going to get picked on this one. I meant to say most people don't think.
start with
50% below average IQ
50% above average IQ
after thousands of hours of TV mind numbing, anti-intellectual culture, even those with above average IQ will eventually become stupid or say the heck with this, being smart and responsible doesn't pay. Let me just day trade or flip houses for a living.
There was a long period where house flipping lead to gains greater than a year's wage. Perhaps some were "mature" enough not to follow this strategy at first. But after your less talented neighbor started flipping and kicking your ass (in standard of living), you wised up and made the rational decision.
It was the second most profitable decision of my life. Feel free to guess my most profitable.
100 IQ is the number preferred by Police Dept's across the nation for their hired guns. Really, there was a case about 5 years ago that a guy (In Conn. I think) that sued when he was told he was too smart (IQ 125) and refused to hire him; and the court upheld the police dept, saying they had the absolute right to hire the mentality they wanted. Can't make this shit up. Milestones
Dumb people will take orders well when given little taste of power.
http://www.youtube.com/watch?v=5rbXfelyIoM&feature=related
Also, see TSA videos.
They will gladly issue them as well.
During Vietnam many DI's would off the record say that they HATED 'damn college kids' fromplaces like NY and LOVED 'good old boys' from down south..... 'the latter made damn fine soldiers. Did what they were told without thinking.
If you told abunch of good old boys to charge up a hill - they'd charge up that hill. The damn college boys would stop and say ....but there's a machine gun covering the approach... isn't there abetter way to do this? and just WHY do we HAVE to go up that hill? after all most of the time we go clear a place out and then leave and the VC come right back, so what's the point? ALL valid and reflections of rational thinking - but THINKING is what the military does NOT want from their grunts. The Army likes it when you go die for your country without raising any questions about why.
That's why Armies have always preferred young testosterone fueled ignorant and unthinking teens - they're all full of bravado. Older men are more focused on surviving what they know is iusually a pointless clusterf**k.
At West Point there's a saying that they produce the leaders that win wars.
I call BULLSHIT on that one
Wars are won by the civilians called up to serve who want the damn thing over with as soon as possible and with as few risks to their own lives as possible. When young, the career soldiers are too likely to get themselves and their own men killed to prove how brave they are while the older careerists are all too likely to view their men as playing pieces on some grand game board.
My father turned down OCS when drafted for Korea in his mid 20's. He KNEW platoon leaders got killed at higher rates than anyone else. At West Point I saw how they treated those who cared about the men they led - who put the welfare of their troops first. Was totally screwed up thata athey LOVED the arrogant morons destined to get fragged while screwing over some of the best natural leaders I ever saw - they type of people they NEEDED as Platoon Leaders in the real world. One of the reasons my class set a record resignation rate (me among them - thank God for a high lottery number)
Right. That is the fundamental flaw in his theory. Politicians will never save.
The same is true of interest rates. During a "boom", interest rates and reserve requirements are supposed to be raised. But no politician wants to be "responsible" for "creating" a recession.
When a bank is insolvent, it is supposed to be liquidated.
When a bank needs to borrow from the Fed as the "lender of last resort", they are supposed to be charged a higher interest rate.
We could go on for days about all of things the governemnt and Fed are supposed to do, but end up doing the exact fucking opposite. They simply can not be trusted to do the right things. It's like giving a credit card to kid when he goes away to college.
Am I the only one missing the funny part here?
The answer is 137 and some change.
Yeah.
When my kid went off to college I gave him a $500 gift certificate to Liquor Mart, $5,000 in old 20's, a lock-pick set, 5 drivers liscances, 9 social security numbers and 17 debit cards, all with of different names. Better than that old credit card trap.
Did he also get a copy of the MIT lockpicking manual?
Actually, I sent him through the class at Pelican Bay for his 18th birthday.
The other flaw is, it creates a government dependency on BOOMS, which in turn incentivizes the government to create and enhance those BOOMS, which of course then exacerbates the BOOM-BUST amplitude. And needless to say, the Fed is the essential tool to achieve those artificial BOOMS.
and thus it is a Faustian Bargain "a government dependency on BOOMS"
The theory is merely the cover for the ensuing practice, that was, and still is, the blantanly obvious outcome of such a scheme.
Keynes was a political animal, and thus, is not to be trusted, as politics is evil.
Thanks for being his water-boy, though. The elite appreciate your service.
history tells many popular theories exploited by slimeballs
Ideology is just a vehicle for these guys. Don't believe the hype.
How dare you expose the real (almost Austrian) nature of Keynes' theories?
I must now label you as:
a) A Financial Terrorist, unless you do not engage in finance, in which case you are:
b) A Domestic Terrorist, unless you don't live in the US, in which case you are:
c) A Muslim Extremist Terrorist, unless you are not Muslim, in which case you are:
d) A Patriot, unless, again, you do not reside in the US, in which case you are:
e) A Realist (unless you do not reside in this reality, in which case you are:
f) God.
'almost Austrian'...that's like saying 'almost pregnant'.
world is crazy....so "almost pregnants" somewhat exist.
http://www.washingtonpost.com/wp-dyn/content/article/2007/10/16/AR200710...
woman sliced a baby from another woman's womb and told others the infant was her own.
pseudopregnancy
http://abcnews.go.com/Health/ReproductiveHealth/pregnant-mother-section-...
doctors perform C-section but find no baby
I think you got that wrong, as it were bad times when it became fashionable:
THEORY: Keynes said government should spend during recessions and later SAVE during booms.
Problem is, never ever in politics has anything successfully worked along the lines "easy things now, hard things later."
Did you know that 'Mishkin' is Arabic for 'poor'.... So they of course 'they' lost it...
I thought Mishkin is Yiddish for "Napoleon Dynamite"
http://images.fanpop.com/images/image_uploads/Napoleon-Dynamite-napoleon...
http://www.youtube.com/watch?v=eSuu8DkjBv8
According to this dictionary
"a mutant hybrid animal that was breeded from a monkey, frog, apple, squash, sponge, cat, and squirrel"
http://www.urbandictionary.com/define.php?term=Mishkin
it supposes that machines will make other machines and have free will and nearly infinate efficiency etc. it expects that humans will not be human. it ignores envy also.
http://expose2.wordpress.com
When I read this I immediately knew this article to be BS:
Paul Krugman. “Literally, when I read the equations, I felt a chill down my spine and a tingle in my balls. "
Krugman has no balls.
Keynes was a roaring homo. And here we are almost a century later and he is still screwing us! The Village People would be jealous.
Ok, there's the funny!
Keynes was a Homo?
Oh fuck me. (LOL unintended!)
Now I gotta find another discredited field of Economics in which to believe.
I don't think the HFT Algos appreciate satire, as the market is taking a giant dump.
The feeling is mutual as I just took a huge dump on it (the 'market')
Oh Man! Whata Fucking Scamola of the Year!
OK, so the fledleservebunk is starting up that all seeing hear all eye Illuminati listening post shit with the intent to discern the Sentiment of commentary in all the world's phone, books, periodicals, web pages, e-mails, etc. (Wonder how my bathroom copy of Readers Digest will be impacted?)
A great way to "fuck with the system" (LOL unintended pun) will be to produce all writings in a sarcastic, cynical and overtly comedic manner. Just think of Bunnie testifying before congress and telling blind and cripples blonde jokes.
It don't get any better than this!
Saddle up the Sick Fucking Twisted Humor Train!
Giddy-up!
Say what?
OMG this is gooooood ROFLMAO!!!
There is a missing part "Stiglitz gasped, "we can now save Greece"!"
Sounds like as good a plan as anything else they have come up with. Now we just need to corner the market on that infinity stuff and it's all good.
Krugman has no balls...
Phantom scrotum syndrome.
Explains Quite a Bit about His Thought Processes.
Reporter: And so, Dr. Krugaman, what is your conclusion? Dr. Krugman?
Krugman: Can you feel my nads? I can feel my nads!
Reporter: What the fuuu.. What the fuck are you? Pull your pants up!
Krugman: (Hopping about room on one leg with pants about ankle) I can feel my nads, I can feel my nads.
Good sense to your humor--reminded me of my days in the Bay area when I used to catch Mort Sahl at the hungry i. And no, you're not in the same class as Sahl--but funny. Milestones
"I felt a chill down my spine and a tingle in my balls."
Fucking priceless LOL
That's great
THERE ARE NO SCIENTIFIC ECONOMIC EQUATIONS!! ARE YOU KIDDING ME! MACRO-ECONOMICS IS LIKE POSTMODERN ALCHEMY
MODERN ACADEMIC PHD ECONOMISTS SHOULD HAVE POINTY HATS AND WHITE/BLACK ROBES WHEN THEY SAY OR PUBLISH ANYTHING. (PERIOD)
Perhaps you should consider downloading and installing this small utility:
http://johnhaller.com/jh/useful_stuff/billy_mays_caps_lock/
DOES IT SEEM LIKE I'M YELLING WHEN I TYPE LIKE THIS?
I CANNOT MODULATE THE VOLUME OF MY VOICE. IT'S A MEDICAL CONDITION I WAS BORN WITH.
YOU SHOULD NOT MAKE FUN OF ME.
How did Linda Green find the time to write this? Amazing.
She didn't. Someone signed her name for her.
Great stuff. Needed a laugh during this Friday afternoon. Thanks!
Brilliant. I propose to leave it to my grandchildren.
Murdo
Krugman, that tickle in your balls is from NYT tonguing your sack.
Good by 11,000. October is going to be ugly.
But it finished off the lows so all is good. Additionally this was the first week in the last 8 that the Silver:JPM ratio closed under 1 at 0.98505.
Problems solved.
Oh well! On a a non mark to market basis, JP's got more than enough capital to make good physical delivery on all the silver short as long as Nothing Else Goes Wrong.
OK.
Count me in.
I'm good for 100 shares.
Watch out Jamie, here I come to the next shareholders meeting.
Where them donuts?
Oh, can I elect to have my dividends paid in sliver?
I thought the answer was 42. Why does everything have to be so complicated?
Fuck it. It's the same bullshit based on perpetual growth model. What the fuck is this? Perpetual Debt, Perpetual Natural/Manmade Diasters, Perpertual Warz, plus Perpetual QEs for Whores? If this bullshit could work at all, they should have dropped all their nukes all over the earth by now. Go read Daniel Quinn's work, and Quinn can tell you the much needed wisdom instead.
That was incredibly unfunny, I mean this is just sad.
And you guys are still in kindergarten!
For over a year now, the tape of tomorrow's DJIA is programed the day the before. It's a much more effective way to 'paint the tape'.
This allows the trader and brokers to get in more golf and spend more money at Barney's and go all the way up to Per Se for lunch.
Haven't you ever been in bed with the hot European girlfriend watching the tape and looked over into her eyes and said "Honey, haven't we seen this tape before? And she just starts rubbing yo... But I digress. :o)
I saw this types of stuff all the time when I was in grad school. The professors are under the illusion that as long as there's trust in currency and there's no immediate affects from Keynesian economics then everything is okay and more importantly they never address what currency is. Currency=debt. Money=gold. We have not had real money and now feeling the initial ramifications of it.
"as long as there's trust in currency"
(maniacial laughter)
Tyler already put it nicer:
...to finally comprehend that when sovereign debt is not [considered] 'risk-free' [anymore] then fiscal (and monetary) [Keynesian] policy can become pro-cyclical.
— www.zerohedge.com/news/did-greece-crush-keynesianism
Googolplex bisches.
It’s nice to see natural law finally give way to man made edicts, and axioms. Free at last, Free at last, Thank God almighty we are free at last!
And then, like the Romans, the ruling elites will lose the recipe for cement. And the developed world will enter into the dark ages until a group of Cistersion Monks find it 1400 years later....... and there will be much rejoicing.
...a joke..please. we are almost at ALL TIME HIGHS...!...on the s&p and the dow and it looks like we will stay there or even go higher. printing money hasnt failed and has a single country or state filed BNK...? looks like it is working to me.....
Too funny !
The Artisan Propaganda Class Citizen will have sway in awaking the wetico to the revolution.
http://www.youtube.com/watch?v=MlG5u4vb_FA&feature=youtube_gdata_player
they haven't found the "war is good" paper yet.
Kroogman has that original beauty stashed away for the notices of the alien invasion. Then he can come out and be the really heroic economist. - Ned
Bernanke should make the sign of the cross at everyone driving through his his discount window.
My ivy league professors worship Chairsatan and Hank "the shank" Paulson by chanting "print" "print" "print"
My ivy league professors worship Chairsatan and Hank "the shank" Paulson by chanting "print" "print" "print"
Typical Keynes.
When Mises was 3, his mother reports that he had already rejected this approach and had developed his own derivation based on the Fokker-Planck equation (artfully scrawled on the kitchen floor in purple cat poop).
Of course, by the time he was 5, he realized that it was all just bullshit.
... er ... catshit.
Oh hell no! Avert your eyes! Do not look at it! It is a blaspheme and a --
-- crap, someone looked.
Okay everyone listen up. We're screwed. Cue the bear cavalry, cuz Moloch is coming. Abandon all hope, oh ye of small peni. Moloch is gonna fry your eyes in your head.
See this is what comes of lax standards. To speak the name of something is to summon it, didn't you know that? We're off the edge of the map now and beyond here there be monsters.
Christallmighty Fyrebird, again with the "...there be monsters"?
Well. Yeah. Cuz there be fricking monsters.
It bears repeating. I mean monsters, come on you don't wanna mess with that shyt.
You think I'm kidding. I'm not kidding. I think I'm really onto something. About there be monsters.
And who said we were misinformed about Keynes! Oh yeah, it was that million dollar bonus tool........
Amusing, but inauthentic.
To be Keynesian, it would have to molest little boys.
I sencond that. You definately need to introduce the buggery and 'english vice' elements into the equation.
Planing is the best excuse for polititians.
What we need in economics is human action not human planing.
I´m free to save whenever I want!!! ( @Braveheart style) :P
But its true though...
I think Hjalmar Schacht was using that equation over at the German Central Bank back in the 20's.
I hope the discovery of this equation can turn things around.
Five years ago my neighborhood strip mall was a bustling center of American industry. We had a baseball card/comic book shop, tanning salon, fingernail painting boutique, Kois 'R' Us outlet, fancy tobacco store, sunglasses hut, autoglass tinting shop, Bean Bag Baby buy & sell, and a balloon store. All gone.
We need to pump more liquidity into the banking system so these small businesses can once again get loans and return to making the USA the world's economic powerhouse.
What? No Discount Condom Warehouse?
No "Discount Warehouse" anything at the Mapleview Mall. Against town code. We had classy establishments with quality merchandise for sale in refined settings. You want "Discount Warehouse" retail you gotta go inside the city limits. Those damned Discount Warehouse outlets are still in business, selling overstock generic stuff off pallet racks to the rabble. Concrete floors and exposed beam ceilings. Like shopping in a shirtwaist factory.
The Mapleview Mall was classy. No, you couldn't purchase a 144-count bulk pack of Trojans. You could get a twin pack of "ooo Boutique" condoms at Chez Chic though.
All gone now. Everything good is closed.
We need to get attractive financing available to the Nation's small retail business entrepreneurs, so they can revive all-American industries like the Mapleview Mall! Once we re-establish our upper middle class aspirational retail base we'll be on solid footing again. We'll feel confident and strong as a Nation once more. Then we can slug it out toe-to-toe with the Asians in the global economy.
Gawd do I miss the Tan Lines salon. I'd park the Navigator outside the Olde Curiousity Shoppe while The Wife spent an hour looking over the latest Hummle dolls. I'd check out the latest dolls coming and going out of the Tan Lines salon. Those chicks just oozed class.
All gone. This economy sucks.
Where do "record fat bonuses" come in?
That's a good one. A favourite Keynesian equation is:
K=(R)(A)(P)
That's a good one. A favourite Keynesian equation is:
K=(R)(A)(P)
The Federal Reserve is neither Federal nor a "Reserve". This private bank run by the "Bank of England" has been stripping the US of its assets since the days of Andrew Jackson. If the $16,000,000,000,000.00 given away secretly, since 2007, to the member banks isn't reason enough to overhaul our entire government financial system then our country is doomed to financial failure. You won't read this in the mainstream media....but it may emerge in the coming elections. Read about this first ever audit of the Fed and understand why we are in such trouble. Tuesday, September 27, 2011 First Ever GAO Audit Of The Federal Reserve
(You can click on the site and read the report).
The first ever GAO audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve nearly 100 year history were posted on Senator Sanderâs webpage earlier this morning.
sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3 (Summarized below)
What was revealed in the audit was startling:
$16,000,000,000,000.00 (TRILLION) had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the worldâs banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.
Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs. To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is only $14.5 trillion.
The budget that is being debated so heavily in Congress and the Senate is only $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion. ****
When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self-identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.
Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and super-corporations like Halloween candy.
The list of institutions which received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows:
Citigroup: $2.5 trillion($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion* ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
IT WILL BE INTERESTING AS TO HOW MUCH ATTENTION (AS WELL AS THE SLANT) THE MAINSTREAM MEDIA GIVES THIS UNBELIEVABLE POSITION OF OUR GOVERNMENT HAS PLACED US IN WITH NEVER PREVIOUSLY HAVING AN AUDIT OF THE FEDERAL RESERVE.
I AM CONFIDENT THAT WE WILL HEAR SOMETHING LIKE THE FED HAD TO GIVE STIMULUS TO WHOM THE $16 TRILLION WENT TOO BECAUSE IF WE HAD NOT ALLOWED THIS IT WOULD BE THEIR COLLAPSE AND THE OURS.
HAS ANYONE EVER HEARD OF CLOWARD AND PIVEN ECONOMICS? (PARAPHRASING) IT INVOLVES TWO HARVARD PROFESSORS WHOSE BOOK SAID TO CHANGE ANY GOVERNMENTâS ECONOMIC SYSTEM INTO A SOCIALIST ONE, IT SIMPLY DRIVES THEIR ECONOMY INTO THE DITCH THEN THE CITIZENS ALLOW THE GOVERNMENT TO DO WHAT THEY WISH TO SAVE THEM
That's very close - But Klaatu says it's missing the final variable:
x (Air Conditioning)2
this could have been a lot funnier if you tried to pull it off as a real story and see how many buffoons actually picked up on it as 'news'.
that said i enjoyed the punking of fred mishkin. the krugman reference is/was getting boring.
keep it fresh, bitches.
“The time will come when
these things which are now hidden from you
will be brought into the light.”
1 Corinthians 4:5
Georg Cantor (1845-1918)
Rearrange the positives and negatives...interesting
Unfortunately, at high mach numbers, bullshit is compressible (and not very laminar) ;)
Hold on don't delete this i am trying to write this down, dangit my #2 pencil just broke brb. Dangit this is funny stuff never knew where hopium came from ,now i know the true source,,,, it's space aliens....;-) and Benny and Krugman are their ambassadors
With respect to Keynes and his new equation, it's par for the course:)
nm
***The formulas seem to have been derived from the Navier-Stokes equations which describe the motion of fluid substances.***
All you need to know about this is what any plumber can tell you - Shit always flows down hill!
42 is the answer to life, the universe and everything.
Keynes's "Jew Boy" Quickie
The Grand Unified Theory of Global Economic Law summarized..........(Keynesian Unified Theory?)
"Slowly but surely the world is finding out the hard way that free money ain't cheap."