Huge Benghazi bombshell -- Obama actually in trouble now

[Reginald Perrin]

Therefore, you must be making things up. The economist Ha Joon Chang makes the valid observation that most economics is mere common sense. One does not need a phd to make accurate and observable statements about the economy or economics. All one needs is a general understanding of the practices taking place and to interpret them accordingly. In fact if you were to follow the subject using certain schools of analysis, then your approach would be ideological, which would be tantamount to religious or political faith rather than any common sense. Economics is largely agenda driven and thus not a science. The concepts of trickle down economics or the joys of globalisation are a case in point. Trickle down is a myth and globalisation an ideological crusade for corporations to override governments.

If anything it is those in the finance industry that caused the crash, driven by the academics that promoted their greed with agenda driven discourse, and the politicians that were bought and sold that are the problem. The viewpoints of Reginald Perrin as salient, lucid, and remarkably calm in the face of such a diatribe, as they are, are merely the economic views of common sense. On that basis any ordinary person can be an economist or banker and in all likelihood would struggle to do as bad a job as George Osborne or Jamie Dimon. Though of course the inhumane and greedy would argue that they have done a fine job, but alas those are the views of corrupt psychopaths. The economics of common sense is not ideological or written by economists for finance or corruption, it is the economics of concern for people.

The economic policies of central banks is the furthest away from the economics of common sense as one can be. It is the economics of insanity and has practically no regard for people. The only people it is concerned about protecting are the psychopaths for whom enough is never enough. A common sense man would say they all have to go.

Community banking works and that is all you need. Customers deposit money then loans are made to business using fractional reserve banking and hey presto, a banking system as it was once known. Balance sheets that are transparent and a system that knows what it can manage. The banking of investment and finance stands in marked contrast and I don't think many ordinary people would be sad to see it all go.

Common sense, it all goes back to the roots. Central banks should really be abolished. They are not necessary. Likewise, investment banking has grown massively since 1980 and on the whole it has been far more trouble than it is worth too....for ordinary people. Take these elements away and return life to a basic banking model that serves its people and a peg that controls government spending (eg. gold standard) then one is heading towards something a bit more human. However, there are a lot of people in finance and they know it is their ticket.

[Gandalf]

Haha! Why are you calling someone named Reginald Perrin.... 'miles'.....that is frankly weird, but I would expect nothing different from a banker.

[Andre]

[SlimTrae]

Great conversation here.

[Kirkland Laing]

most economics is mere common sense. One does not need a phd to make accurate and observable statements about the economy or economics. All one needs is a general understanding of the practices taking place and to interpret them accordingly......................

Common sense, it all goes back to the roots. Central banks should really be abolished. They are not necessary.

Dead right Reggie. I agree entirely. And I've explained concepts like inflation, monetary policy and central banking to you in simple ways that even a Korean English teacher with no idea about economic and finance can understand.

But you didn't learn anything. Your brain seems to be protected from understanding these simple concepts by some kind of nutter force field which only allows hysterical doom death and destruction nonsense into your brain and keeps simple facts and evidence from getting in there.


A while ago you told me you got your information from a website calle d zero hedge. I told you that an article from that site from 2009 went viral in the financial community. I searched my messages and here it is

Brace For Impact: In 2010, Demand For US Fixed Income Has To Increase Elevenfold... Or Else | Zero Hedge

The guy has edited some of the more hysterical stuff out of it since but back in 2009 he was saying that the US bond market was about to blow up and melt the global economy down and all top US finance people had their jets on standby to get out quick before the pitchfork and torches mobs turned up.

And while you are lamenting the death of private debt markets, here is precisely what the Fed, the Treasury, and all bank CEOs are doing all their best to keep hidden until they are safely on their private jets heading toward warmer climes.......

This part has been heavily edited . It was far more hysterical before. Global meltdown, bankers flying off to their Caribbean hideaways and so on. But obviously it didn't happen. I'm sure you have an explanation why this didn't happen.

[pacfan]

most economics is mere common sense. One does not need a phd to make accurate and observable statements about the economy or economics. All one needs is a general understanding of the practices taking place and to interpret them accordingly......................

Common sense, it all goes back to the roots. Central banks should really be abolished. They are not necessary.

Dead right Reggie. I agree entirely. And I've explained concepts like inflation, monetary policy and central banking to you in simple ways that even a Korean English teacher with no idea about economic and finance can understand.

But you didn't learn anything. Your brain seems to be protected from understanding these simple concepts by some kind of nutter force field which only allows hysterical doom death and destruction nonsense into your brain and keeps simple facts and evidence from getting in there.


A while ago you told me you got your information from a website calle d zero hedge. I told you that an article from that site from 2009 went viral in the financial community. I searched my messages and here it is

Brace For Impact: In 2010, Demand For US Fixed Income Has To Increase Elevenfold... Or Else | Zero Hedge

The guy has edited some of the more hysterical stuff out of it since but back in 2009 he was saying that the US bond market was about to blow up and melt the global economy down and all top US finance people had their jets on standby to get out quick before the pitchfork and torches mobs turned up.

And while you are lamenting the death of private debt markets, here is precisely what the Fed, the Treasury, and all bank CEOs are doing all their best to keep hidden until they are safely on their private jets heading toward warmer climes.......

This part has been heavily edited . It was far more hysterical before. Global meltdown, bankers flying off to their Caribbean hideaways and so on. But obviously it didn't happen. I'm sure you have an explanation why this didn't happen.

The answer is pretty simple. When the economy collapsed, it still left most of its capacity intact or to put it simply, it just led to a slack. Just pump in some money, and it will start rolling again and the slack taken up, and no amount of me or anyone else crying about possilble doom won't stop that process, fortunately or unfortunately, whatever your political affiliation.

[Kirkland Laing]

most economics is mere common sense. One does not need a phd to make accurate and observable statements about the economy or economics. All one needs is a general understanding of the practices taking place and to interpret them accordingly......................

Common sense, it all goes back to the roots. Central banks should really be abolished. They are not necessary.

Dead right Reggie. I agree entirely. And I've explained concepts like inflation, monetary policy and central banking to you in simple ways that even a Korean English teacher with no idea about economic and finance can understand.

But you didn't learn anything. Your brain seems to be protected from understanding these simple concepts by some kind of nutter force field which only allows hysterical doom death and destruction nonsense into your brain and keeps simple facts and evidence from getting in there.


A while ago you told me you got your information from a website calle d zero hedge. I told you that an article from that site from 2009 went viral in the financial community. I searched my messages and here it is

Brace For Impact: In 2010, Demand For US Fixed Income Has To Increase Elevenfold... Or Else | Zero Hedge

The guy has edited some of the more hysterical stuff out of it since but back in 2009 he was saying that the US bond market was about to blow up and melt the global economy down and all top US finance people had their jets on standby to get out quick before the pitchfork and torches mobs turned up.

And while you are lamenting the death of private debt markets, here is precisely what the Fed, the Treasury, and all bank CEOs are doing all their best to keep hidden until they are safely on their private jets heading toward warmer climes.......

This part has been heavily edited . It was far more hysterical before. Global meltdown, bankers flying off to their Caribbean hideaways and so on. But obviously it didn't happen. I'm sure you have an explanation why this didn't happen.

The answer is pretty simple. When the economy collapsed, it still left most of its capacity intact or to put it simply, it just led to a slack. Just pump in some money, and it will start rolling again and the slack taken up, and no amount of me or anyone else crying about possilble doom won't stop that process, fortunately or unfortunately, whatever your political affiliation.

Redistribution of wealth too mate. Otherwise the money you pump in just ends up with the top one percent and you gwet the same old bubble and crash scenario.

I know, I know, I'm a broken record.