Because that brings on the CRASH........ Do you understand he was reading out the list of what passengers of an Airline do when they are preparing for a CRASH.
I'd love to see how he would have tackled cryptocurrencies. Bitcoin mining now consumes the same amount of electricity as Sweden. The Clarke and Dawe view would have been delicious.
At 5% interest-rate and 2% inflation it takes 25a to double the money "invested". The banks have had way more time without a default. They will still have gotten money even after a 100% default. I don't call that unsafe. If you lend money to a country that has more than 150% GDP in debt you ought to know there is some risk.
It's all the more absurd when you come to realize that the money the bank loaned in exchange for the bond, doesn't in fact exist. it was just a figure typed into a computer at the time the "loan" was made, the bank creating its "loan" money out of thin air.
4 роки тому+7
I still fully suspect the whole global banking sector (if not *all* banking everywhere) is a one giant scam. I mean, don't most banks have debt too?
That's how monetary sovereignty works. None of the money is "real" in the same sense as gold, sunlight, or oil. It's a symbolic value of the worth of a nation in relation to the goods and services a nation can provide. And if a nation says it "can't afford" a social good or service, then it's a declaration that said public service isn't "valuable" to said nation.
![[UA] Team Vitality проти NAVI | IEM Cologne 2024](http://i.ytimg.com/vi/wttO1zVRTC0/mqdefault.jpg)
"Place head in hands and close eyes..... what do you think got us in this position in he first place.."
haha: "Do you have risk management?"
"well there's a dartboard in the foyer..."
"But theres always something that could go wrong" :x
omg I finally got this joke! They assess risk by throwing a dart at a dart board when the customer enters the bank. LOL
“Place head in hands and close eyes...
How do you think we got in this position in the first place?”
I can not stop laughing
The tray IS in the upright position. Watched this one over and over, got me every time! XD
Watching in 2021 and it’s more relevant
In 2023.....it's all systems "GO" for the Feds stage-managed CRASH.
See the story on brokerage firm Charles Schwab.
Clarke: Any of the little defaults?
Me: Dead 😂😂🤣
So many quotable lines as always, fantastic work gentlemen.
Because that brings on the CRASH........ Do you understand he was reading out the list of what passengers of an Airline do when they are preparing for a CRASH.
Yeah i think everyone got that
@@dhern2613 i sure as hell didnt.
@@markus2584 :) nor I
These two are brilliant!
Sadly, WERE brilliant. Miss you John.
"..any of the little defaults" hahaha
Brilliant as always.
I'd love to see how he would have tackled cryptocurrencies. Bitcoin mining now consumes the same amount of electricity as Sweden. The Clarke and Dawe view would have been delicious.
At 5% interest-rate and 2% inflation it takes 25a to double the money "invested". The banks have had way more time without a default. They will still have gotten money even after a 100% default. I don't call that unsafe. If you lend money to a country that has more than 150% GDP in debt you ought to know there is some risk.
It's all the more absurd when you come to realize that the money the bank loaned in exchange for the bond, doesn't in fact exist.
it was just a figure typed into a computer at the time the "loan" was made, the bank creating its "loan" money out of thin air.
I still fully suspect the whole global banking sector (if not *all* banking everywhere) is a one giant scam. I mean, don't most banks have debt too?
That's how monetary sovereignty works. None of the money is "real" in the same sense as gold, sunlight, or oil. It's a symbolic value of the worth of a nation in relation to the goods and services a nation can provide.
And if a nation says it "can't afford" a social good or service, then it's a declaration that said public service isn't "valuable" to said nation.
Is mrs default there 😂😂
“I’m defaulting.”
the ridiculousness of it all! Well played!
Gold absolute gold.
Brilliant
Is it ☔. Raining ☔ there.... Hahahahahhahahahaahahahahahhaahahahahajah. Epic
head in hands and close eyes!
Thats the HSBC private banking office in the background at St.James Square
You make it sound like the Banks take a risk. Were you born after 2008?
Well we might look at those loans, for example, once every thousand years.
Big lol at that
@AnnoyedDragon yes,yes,yes!
I got all the jokes except the last one. Why was it not safe to call the defaults as national sovereign debts?
Because it's gonna crash like a plane.
The front will fall off.
@@redguard2529 deep cut here
Oh so clever once again.
How are things going on in banking.
😴😴😴😴😴
subtiltles should be MANDATORY !!!!!!!!
Is this real life?
mrjohnclarke.com/projects/clarke-dawe
In 2023, it's "real life"...
....according to how the elites private bank, the US Federal Reserve does things.😅
🌶🥶😝
Watch the vid front fell off
first