7 minute video of the latest Fed manipulation as presented in cartoon format.
http://www.youtube.com/watch?v=PTUY16CkS-k
The humor of the presentaion, the horror of the message and the social comment where tough news must be presented as cartoon to gain attention.
Ha! That was beautiful! Thanks! 
Awesome!
Now I have the Hate.
That little video shows almost a complete lack of understanding of basic economics. It seems like a lot of the facts are incorrect too.
In reply to Otto_Maddox:
I agree it runs counter to the brand of economics that you'll find supported by the folks on tv and the ones that run the Fed and work on Wall St., but there is nothing that isn't true in there. That is the truth - the Fed is owned and operated by the big bankers to benefit the big banks and it steals from the people.
The Fed needs to go away. The people need to stand up for themselves and demand that our government controls the money supply not the banking cartel.
Otto_Maddox wrote: That little video shows almost a complete lack of understanding of basic economics. It seems like a lot of the facts are incorrect too.
Really?
In reply to TJ:
I think you are well into a political discussion that doesn't interest me. I only intended to address the purpose and expected results of quantitative easing. It is an attempt to stimulate the economy. Some say it is a useful tool. Others say it is not useful or is insufficient alone.
Perhaps you are more on topic. The video in question is clearly political propaganda rather than economic analysis, so proceed as you may.
In reply to 1988RedT2:
Look at the discussion tab on that wikipedia entry. The political hacks have their hands all over it. I'd prefer you read the article I referenced before you make up your mind on the subject. Also, any basic macoeconomic text book should do the trick.
TJ wrote: In reply to Otto_Maddox: That is the truth - the Fed is owned and operated by the big bankers to benefit the big banks and it steals from the people.
The Financial Reform Bill was penned by the banks and handed over to the govt. the night before voting so who do you think was reformed and who do you think was protected?
The new SAFE Act that regulates lenders, regulates all lenders EXCEPT the Too Big To Fail banks which have been deemed a protected species and are exempt from all manner of laws and regulations. Other lenders have to take schooling, pass tests, get checked out by the FBI, have their fingerprints on file, MAINTAIN HIGH CREDIT SCORES and spend over $1,000 in regulatory fees PER PERSON, but the TBTFs don't have to do any of these. Selling Avon one day and a mortgage specialist the next.
A recent study showed that the TBTF banks, since they aren't regulated all other mortgage lenders are, have closing costs of $400-$800 more an interest rates of .125%-.25% more than other mortgage lenders. The study also showed closing times to be at least twice as long. We just had a couple of customers who came to us because they called one of the TBTFs and were told to take a number and they'd call them back within the next 3 weeks to take their loan app.
Otto_Maddox wrote: In reply to TJ: I think you are well into a political discussion that doesn't interest me. I only intended to address the purpose and expected results of quantitative easing. It is an attempt to stimulate the economy. Some say it is a useful tool. Others say it is not useful or is insufficient alone. Perhaps you are more on topic. The video in question is clearly political propaganda rather than economic analysis, so proceed as you may.
If I delved into a political discussion my only point is that both of our political parties do whatever the big banks want them to do. My comments were not directed at a particular party - I can see that they are both the same in reality and both work against our interests.
QEII will do what QEI did - prolong the agony. Our problem is one of of too much debt and the debt pushing banks solution is to create more debt to fix it. It is like pouring gasoline on a burning fire to try to put it out. Look what the debt pushers are doing to Ireland as an example. They've decided to attack them. The Irish say they have enough money for a while and do not want the "help" in the form of more debt to solve their too much debt problem. In response, Clearnet (which is owned by the big banks of the UK) has raised the margin requirements on Irish bonds making it more difficult to buy bonds on margin. In other words the banks tell the governments of the world to go along with what they want or they will wreck the economy. They have everyone by the balls in other words. They did similar things here with their artificial market plunges and such. The GM IPO is another example of their power. It is all a fraud and it will end eventually. The longer it goes on before it all collapses the more pain there will be.
Brilliant video. Hope some people hear it and get the idea.
Otto_Maddox wrote: In reply to 1988RedT2: Look at the discussion tab on that wikipedia entry. The political hacks have their hands all over it. I'd prefer you read the article I referenced before you make up your mind on the subject. Also, any basic macoeconomic text book should do the trick.
I read it. I found the video by the OP far more entertaining.
And I'll pass on the basic textbook since I got straight A's in all my Economics classes on the way to attaining a Bachelor of Science degree in Business Finance.
In reply to 1988RedT2:
Good job on the A's.
Sweet! That stupid post made me a half-dork. You guys have to take me seriously now.
Otto_Maddox wrote: Sweet! That stupid post made me a half-dork. You guys have to take me seriously now.
Yeah, but only half as much as you think.
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