Idle Banter For non SV and non bike related chat (and the odd bit of humour - but if any post isn't suitable it'll get deleted real quick). There's also a "U" rating so please respect this. Newbies can also say "hello" here too. |
|
Thread Tools |
30-04-19, 07:05 AM | #1 |
Member
Mega Poster
Join Date: Jun 2016
Location: NE Lincs
Posts: 1,069
|
Economics
This is a sketch from Clarke and Dawe (a Kiwi and an Ozzie) who do satirical interviews with each other, based on facts. This one is about financial lending between countries, particularly within Europe. It's quite funny until you realise it is based on fact.
https://www.youtube.com/watch?v=I5QwKEwo4Bc I freely admit, I cannot get my head around world economics. If the USA has massive debt (22 Trillion dollars or $22,000,000,000,000 ) and it borrows money from China, yet China has $5.8 trillion debt of its own. Where exactly is all this money coming from? Will all the world debt ever get paid off? Is a financial crash required to reset everything? As far as I can tell, every country is in debt which has made my understanding recede still further. |
30-04-19, 07:25 AM | #2 |
Member
Mega Poster
Join Date: Dec 2015
Location: Bristol
Posts: 1,200
|
Re: Economics
Money is no longer a tangible real thing. Some of that debt will be tied up in "futures" and hypothetical gains and losses somehwere down the line. The financial world is just a high level of gambling that people high up are earning money on. Money at that level is a totally different thing to people like us having money in our pocket to buy food etc. It's a totally abstract thing.
__________________
>>> ? <<< Past: Street Triple 765rs, DRZ400s,GSXR1000 K9, VFR800 A8, ZX6R 636 2006, CRF250L, GSXR750 K7, VFR800 A7, GSXR750 L3, Street Triple 675R, MT09 Tracer, SV650s K8, CB250rsd, YBR125... Last edited by Adam Ef; 30-04-19 at 07:28 AM. |
30-04-19, 07:29 AM | #3 |
Member
Mega Poster
Join Date: Dec 2015
Location: Bristol
Posts: 1,200
|
Re: Economics
That video is very good. Felt like I shouldn't have found it funny. What an absurd world we've created.
__________________
>>> ? <<< Past: Street Triple 765rs, DRZ400s,GSXR1000 K9, VFR800 A8, ZX6R 636 2006, CRF250L, GSXR750 K7, VFR800 A7, GSXR750 L3, Street Triple 675R, MT09 Tracer, SV650s K8, CB250rsd, YBR125... |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Anyone clued up on Economics? | Mej | Idle Banter | 5 | 30-03-10 06:19 AM |
Economics for idiots. | Spanner Man | Idle Banter | 12 | 11-08-09 07:33 PM |
Cow Economics | wyrdness | Idle Banter | 2 | 04-10-06 03:35 PM |