Two British Comedians talking about the sub - prime market, and the Financial crisis - 12 months ago.
News is just out that the US Congess has approved the US $700m Wall Street Bail out.
I saw this video about March this year and thought it was very funny. What I realise now is how chillingly accurate their satirical predictions are.
This is hilarious - scary - how can two British comedians see and predict the unfolding crisis with such clarrity yet none of the powerbrokers, politician could?
(thanks to Agmate Leonard)
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Great video to show far and wide - its better that people laugh then cry . Making money out of thin air - great work if you can get it. That’s been happening for a long time.
The derivatives bomb has to go off yet - quadrillions worth of toxic debt - thanks to Wall Street.
G’day Von,
Yes I agree with you - I think this is actually the funniest - scariest clip I’ve ever seen.
The question has to be asked -
How is it that these two comedians could back in late 2007 when it was made - foresee with such accuracy what was happening with the Sub-prime debacle?
That is the sheer brilliance of the video that it was made 12 months before all of this has unraveled and they so beautifully take the p*ss out of those ‘masters of the universe’ who will be judged by history as the interviewer says for their ‘greed & stupidity’.
I’ve watched it about 10 times and it gets gets funnier and funnier (or sadder & sadder) each day as the global financial crisis unfolds.
‘socialism’ for the rich
There is nothing socialist about the U.S. predatory capitalist system. There is nothing socialist about taking from the poor majority, and giving it to the rich minority. This system of welfare for the rich, or ‘socialism’ for the rich, has been around for as long as Western Capitalism has been around. The bailout is a bogus solution designed to deceive the public and continue the status quo.
Did you hear Greenspan say yesterday he is surpised how wrong it got it for 7 years - he thought no regulation would work just fine - WHAT A JOKE HE IS - HE SHOULD BE IN PRISON FOR RUINING MILLIONS OF LIVES.
Nelson: How About A Bailout For America’s Family Farms?
Country music icon says just $1 billion out of $700 billion could get real economy back on track
“We could put 10 million farmers back on the land, making a living out there raising food and fuel….and that $1 billion dollars I think would go a long way to changing our negative attitudes that we have and the confidence in ourselves and in our country right now,” said Nelson, adding that all foreclosures on farms should be halted immediately.”
WILLIE FOR PRESIDENT
“Agriculture is the bottom rung on the economic ladder,” adding that the farmers became a target because they were a political problem.”
Willie is sure right about that - WE ARE THE TARGET
A manipulated falling wheat price will be used to wipe more of us out.
G’day Von,
Poor US farmers - struggling with the $6 billion dollars they are paid by the US government as legislated in the last farm bill.
Honestly - Willie Nelson for president …. ssshhheeeessh
Well he couldn’t do any worse than the war-mongers who are in there now and the other two jokers McInsane and Obamessiah - at least Willie mentions the word farmer all the others talk corporation and overseas invasion interests.
” Poor US farmers - struggling with the $6 billion dollars they are paid by the US government as legislated in the last farm bill.” - I heard a report that the money all goes to a few huge sugar and beef corporate producers - surely you know that Steve.
Of course small farmers are the TARGET here and in the US - die or go broke , sell out and move to the city that is the aggenda the corporations that want to rule the world like.
THOUGHT FOR THE DAY!
“There is no free lunch for the creature comforts delivered by the corporation. The ravaging of nature, the erosion of economic security, the destabilization of the family, the commercialization of all human relationships, the corruption of democracy, and the dissipation of spiritual meaning in the face of rampant materialism - these are all part of the cost of the corporate system as we know it. And they add up to a very high price to pay for the bounty of the great American shopping mall.”– Charles Derber, Corporation Nation, p178 http://whatreallyhappened.com/
G’day Van,
“Surely you know that Steve”
No actually I don’t Von - Last time I looked the US farm subsidies are paid on these ag products - Feedgrains, Cotton, Wheat, Rice, Soya beans, Dairy, Peanuts, Sugar, Oilseed, Tobacco, Wool, Vegetable oil, Honey. (more than 2 dozen all up)
Regardless of who grows them.
Oh and I was out in the amount of subsidy - between 1996 and 2002 the subsidy averaged $16 billion a year divided up among US farmers.
I cannot believe you are advocating they should be given more money.
How much subsidy have you got over the last decade in the form of Subsidies from the Australian government- Zero I’d bet, but you’ll gladly support Willies call for them to get more.
Very Noble of you Von.
I think you better do some reading of the actual fact of how the US farm Subsidy program works before you go sprouting that their farmers should receive more handouts and its only the big farmers who get it.
Oh and while we are on Willie it would be great if he was US president - He’d legalize marijuana the day after he got in.
I’m surprised that you are an advocate of the head of the “Make Dope legal” movement in the USA. Oh but then every truck in the US could use the Willie Nelson Bio-Diesel that his company makes.
So that would be great - every US citizen could smoke a joint while they trucked around the country in their Bio-Diesel, environmentally friendly truck. They’d all be so high they would not give a rats about the economy or the Capitalist Mafia that run the world. - “Hey man - Global Crisis - What Global Crisis, here have a puff and chill out?”
Problem solved.
Cheers Von
I heard a couple of years ago that most of the subsidy money by far goes to the wealthy corporate farmers at the top.
I don’t think that marijuana is any worse than alcohol ( which is by far the worst) or cigarettes .
G’day Von,
Yes it would be true what you heard, because they are the biggest and produce the most. The subsidy is paid on production.
Can I ask and you don’t have to answer this - do you support the legalization of Marijuana on the basis that its no worse than alcohol?
As I said you don’t have to answer that if you don’t want it on the public record?
“do you support the legalization of Marijuana on the basis that its no worse than alcohol?”
If I was given a vote I would very likely vote YES as I can see no evidence that it is any worse than alcohol.
Psychological Control: States of Mental Disempowerment
G’day Von,
Sorry - I’ve taken the link out of your comments to Alex Jones web site. I will not have any association (link) to this Ultra Right Wing Lunatics web site from Agmates.
If you or other readers want to look at this dangerous ratbags stuff, by all means do that, but we won’t be promoting it, just don’t forget to put on your black jackboots while you do it.
Anyone one who wants to look at this crazies site just google his name or prison planet.
Cheers - Steve
Changing attitudes - did you know that in Canada marijuana has been de-criminalized for personal use and the police don’t worry about people smoking it in public places. Not that it worries me - I puffed it about 30 years ago and choked so that was that and my kids arn’t interested.
Apparently the US is not happy with Canada.
Wall Street’s ‘Disaster Capitalism for Dummies’
the whole ‘crisis’ is faked and planned
Greenspan ought to be seen as one of the Godfathers of the financial misery the bank cartel is pouring out over the world. It really is the biggest heist in history.
Those usurers should have been locked up for life a long time ago
http://www.911oz.com/vbulletin/showthread.php?p=18004#post18004
Yes who knows what it is going to look like after the cleaner goes through it
- it appears Russia , China and other countries are propping up the US dollar so far but when they feel less exposed they will sell them. Starting another war won’t save the US regime this time. As someone said a junta without uniforms staged a coup in America.
G’day Von,
You said: “Starting another war won’t save the US regime this time.”
I doubt the US could get involved in another war. You need lots of money to go to war and the US is swimming in foreign debt. I doubt they have the financial capacity to even contemplate another costly war.
The USSR’s military might crumbled when their economy did back in the ’90’s.
Yes well you would hope that was right and they can’t stage a war that could bring on WW3 but people are easily panicked and the majority of US citizens are easily tricked and manipulated.
I hope this doesn’t happen and it is just my imagination but the worst scenario is that a big false-flag attack possibly nuclear would be carried out on American soil and martial law would be declared and a draft would be called.
There are already many American young men hiding in Canada so they don’t have to go back to Iraq so I hope that the US population would not accept a draft.
I don’t know what may happen but I don’t expect these criminals in power are going to chance being arrested and charged with treason and war crimes.
Steve , people in Britain and America really enjoyed that video -
The American moderator said
” Talk about right on. They are absolute geniuses at satire and poking at power. There is no American equivalent like them that I know of. You learn something every day and they should be on US prime time as well.”
Isn’t it amazing how these things whizz around the world - no doubt some people hate it because of the fast communications around the world.
Those two comedians should be given the Nobel prize for Economics, simple as that.
G’day Steve,
You didn’t smile so I suppose your serious.
But hey you are right
Hello Von & Agmates,
A few weeks ago financial analysists were tipping the AU $ would be matching the greenback by about now. Can you explain to me why the bottom has fallen out of our currency when we are supposedly strong, and the US is supposedly weakened? If the US was in such a pathetic condition why hasn’t our strong economy supported our currency?
Thanks for your explanation.
Rosalie,
I think you will find that our massive foriegn debt of between 600 and 700 billion (That’s more than $30,000 for every individual in Australia) has a lot to do with the strength of our currency.
This debt, I believe, per individual is one of the highest in the world and much of it has been financed off shore, with these sources of cheap money drying up.
Australia’s reliance on commodity exports in a world where a global recession is likely, with a massive foriegn debt and interst rates coming off world high levels, can only result in a reduced value for the Australian dollar.
If Asian and Russian markets are supporting the American dollar, that just makes it worse for the Australian dollar.
I’m just a little observer out in the Australian bush so I don’t really know first hand.
I take my point of view from the fact that I believe 911 was an inside job and our mainstream corporate media tell huge lies while pushing their globalist one world government run by corporations policy.
All the gangsters across the US, Europe and Australia are still place so they will keep using ‘bail out’ tax payers money to keep propping up corrupt greedy Wall Street.
Google ” Is China buying US dollars ?” and you get plenty to read concerning China wanting a low yuan. China will sell off US dollars when it feels less exposed. This was an interesting post I read on information clearing house -
“The Chinese are pissed that this collapse happened now and not in 5 or at the most 10 years later. By that time so much more of it’s population would have been pulled up to middle class status. With 1.3 billion people the internal economic power would not be matched.
Ever wonder why it is Ok for the US of A to have a large consumer driven population but they have to break down all other countries into smaller manageable satelite states. A lot easier to control.”
The crooks in power in the US want to force the US dollar down so they can push for the North American Union which involves getting rid of the borders of Mexico and Canada. It seems they are going for broke now as too many people are waking up so they will try to hyperinflate our economies and run us into a brick wall .
The gangsters are desperate , they will be beaten but heavens know what damage they will cause first . ” The Party Is Just Beginning Derivatives Are 16x World’s Entire GDP ” .
An interesting read - the whole article is “The Law Of The Jungle“ by Fidel Castro
The developed capitalist system, epitomized by the country privileged by nature to which European whites brought their ideas, dreams and ambitions, is today in crisis.
The candidates of the two main parties who will decide these elections are trying to persuade the bewildered voters — many of whom have never bothered to cast a vote — that as presidential candidates, they can guarantee the well-being and consumerism of what they describe as a middle-class people, without the least intention of making real changes to what they consider to be the most perfect economic system that the world has ever known.
Still, the more or less disastrous role played by presidents of that country cannot be overlooked.
Racism is deeply rooted in the United States, and the minds of millions of white people cannot accept the idea of a black man, with his wife and children, occupying the White House, which is precisely what it’s called: White.
Something McCain has the most of is age, and his health is not at all secure.
I mention this information to indicate the eventual possibility — if anything should happen in terms of the candidate’s health, given that he is elected — of the rifle lady, the inexperienced former governor of Alaska, becoming president of the United States. It is obvious that she knows nothing about anything.
Capitalism tends to reproduce itself under any social system because it is based on egotism and on human instincts.
Human society has no other alternative but to overcome this contradiction; otherwise, it would not be able to survive.
At this time, the flood of money being poured into world finances by the central banks of developed capitalist countries is dealing a heavy blow to the stock exchanges of countries that are trying to overcome their economic underdevelopment by resorting to these institutions. Cuba has no stock exchange. Undoubtedly, we will find more rational and more socialist ways of financing our development.
The current crisis and the brutal measures of the U.S. administration to save itself will bring more inflation, more devaluation of national currencies, more painful losses in the markets, lower prices for exports and more unequal exchange. But they will also bring to the peoples a better understanding of the truth, more awareness, more rebelliousness and more revolutions.
G’day Von,
I have a new title for you - From this time forward you will be know in the Agmates community as Che Von. Leader of the revolution.
Yeah thats a good one Steve - me and what army - but it would always be a quiet revolution with me - I can’t even shoot a snake I just let them go through the garden and they leave eventually - I have trained my husband not to run over them out in the bush - live and let live !
On a more serious note though we should be doing all we can to support the farmers that are fighting the big mining coporations pushing farmers off prime land on the Darling Downs at Warra and Felton . The one-party system of BIG BUISNESS we have in Q’ld and Australia will keep on squashing us little farmers if we don’t stand together.
G’day Von,
I tried, with this article here.
But there seems to be very little interest - 1 comment from someone telling me I could have done it better.
Would appear to me the people involved have little to zero support.
Can’t help those that won’t help themselves.
Thanks Steve I’ll look at their site now , I might be able to help somehow or give money - its just started to rain quite heavily here which is very very nice.
Soros sees end of US-led globalized market system
The wreckers Soros and Sachs say good-bye to their destructive global policy - they are ready for the next game.
“The notion that markets are self-correcting led to a massive expansion of debt financing that culminated in the sub-prime mortgages that epitomized the easy-money mentality at the root of the disaster, he said.
This belief became the dominant creed. And this, then, led to the globalization of markets, the deregulation of markets and the increased use of leverage and all the financial engineering,” Soros said.
This whole enormous construct is built on false conceptions,” he added. “You can go a very long way. But in the end, reality rears its ugly head and that’s what happened now.”
http://www.911oz.com/vbulletin/showthread.php?p=17402#post17402
I’m bit behind the times here - but that was some funny stuff indeed.
And Von - that must have been some seriously high grade weed you puffed on 30 years ago;)
Hey Matt
Great to see you back. Big news - while you’ve been gone Steve’s turned slightly green.
No Matt I coughed and spluttered and never smoked again. Although it was way back then that I became aware that a lot of history I had been taught was not the truth but a version of the truth written by the victor.
Then the inside job of 9/11 really made me realize the massive amount of lies that we are brainwashed with through the mainstream controlled media and our democracy is a FARCE.