I suspect some readers here might like this:
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Brilliant
Amusing. But.
It fails to answer the question: what do central bankers and the penumbra/banking eco-system that surrounds them really think? – not what they say (in public), but what they think, or say in private.
I am re-reading “Adults in the Room” – which is perhaps the closest the public will get to hearing what central banksters really think or say (in private). The conversation between Varoufakis and Largarde (page 363 onwards) was interesting – not for what she knew – but for what she did not know (about Greek banksters – page 368) and an attention to trivia (page 366 – 7). Many/most/all central bankers have led immensely priviledged lives (a cursory glance at Lagarde’s CV shows this to be the case) – which in turn has detached them from the hum-drum existence of UK/Euro proles (amongst which I include myself). They base policy developments on theory – not reality – which they can do because of their detachment from lived-reality.
The Central bank eco-system is focused on keeping bankers in the style to which they have grown accustomed – the actions of central banks being mostly focused on supporting this “style” which has very little to do with supporting meaningful economic activity. The academic book “After the Great Complacense” provides a useful overview of banks, their “bricolage” (focused on making money pre/post 2008) and the inactivity nay complacense of central banks in that respect. Central banks are tools – which should be used for the betterment of a society/country within which they operate. However the tool has morphed into an out-of-control/self-justifying monster.
A nice analogy with the chickens.
I believe I have posted this before, Richard, but it is worth repeating in this context:
Definition of international banking (and religion for that matter) “Control of the masses by fear and extortion.”
This guys stuff is a hoot and well worth watching. The first example I can think of where someone manages to combine serious economics and humour. Laugh out loud in places. We need more like this.
Try How to Tell if Someone is a Socialist! He also reviews Deficit Myth and likes it enormously – his endorsement is on the cover so that gives a clue as to where he comes from. Am planning to watch the rest of the series.
Ive been working my way through his videos and wondering what on earth the Texans make of him! However, he is not far off the same sort of space as Bernie Saunders. If you have friends who are interesting in learning a bit more but would be put off by most of the dry, technical and frankly boring stuff that is out there, give the Cowboy a try. Though its American, most of the messages apply to the UK – reflecting how we have been infected by the same economic virus…
Thanks Robin
Should I share more here?