1. 13:51 13th Aug 2012

    Notes: 13

    Reblogged from anarchei

    Tags: bankerseconomicscomedy

    anarchei:

    Central Bwankers

    Note: This video loops. Keep watching as it changes somewhat with each loop.

    This video is a rather accurate portrayal of the cyclical nature of central banking’s effect on the economy. Just thought I’d point out that prices don’t have an intrinsic (objective) value. Value is subjective and prices reflect that. Money is a commodity like any other, and has value based on how much of it exists. The more scarce something is the more it is valued. When central banks pump more money into an economy they increase the supply of money, which devalues the currency because there is more of it. This translates to increases in prices, because while the goods and services haven’t changed in value, the money has. More money is required to pay for the same amount of goods or services.

     
  2. I saw a Ben Bernanke version of this and decided that Big Mervo deserved one too.

    I saw a Ben Bernanke version of this and decided that Big Mervo deserved one too.

     
  3. image: Download

    Throw your Diamonds up.

    Throw your Diamonds up.

     
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  5. stupidphresh:

    No, this isn’t a screenshot of Fallout 4: New Athens; this was taken during the protests in Greece after their economy collapsed back in spring of 2010. When their government agreed to severe austerity measures that cut wages and benefits to public servants, and raised taxes on the rest of the…

     
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