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Quantitative easing "explained" (lol)
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Talk Economics
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TOPIC: Quantitative easing "explained" (lol)
Quantitative easing "explained" (lol) 1 Year, 10 Months ago Karma: 268
There was a DELIGHTFUL clip I spotted on Sinclair's site, where a comedy duo spoofs the concept of "quantitative easing" (and our financial system in general) with a very witty and effective repartee.

Specifically, it's just a very clear/obvious argument as to why what we call "currency" (or even "money" - lol) is all just stacks and stacks of worthless paper. Make sure you watch it all the way the best one-liners are at the end.

More generally, this illustrates how the high-and-mighty (or merely pompous) seek to dazzle, or simply confuse us with copious quantities of whatever (incomprehensible) jargon they have accumulated in their so-called "professions."

Understand that the use of most jargon (in any/all contexts) is totally unnecessary. Only about 5% of it (at most) refers to entities/ideas for which we don't already have basic, descriptive words in our language. Various professions pile up mountains of such jargon to attempt to elevate themselves by making whatever they do less-comprehensible to Outsiders. There is virtually NO UTILITY gained (within these professions) from using all this jargon.

Thus when we read some piece (or listen to some speaker) who rattles off paragraph after paragraph of impressive-sounding, jargon-laden prose; our reaction should NOT be "here is an intelligent person" or even "here is a well-educated person."

A well educated person is one who understands their own work with sufficient clarity to be able to express it in ordinary language, accessible to everyone (or at least the vast majority). So whenever we encounter an individual who is bombarding us with jargon, the approrpiate reaction is, "This person is a Liar, or this person is an Idiot" (with the ever-present possibility that the individial could be both).

"Professionals" use jargon either with nefarious intent, or because they are so intellectually-stunted all they are capable of doing is PARROTING these buzz-words to create the illusion that they actually understand what they are talking about.

However, when used nefariously; jargon has one of two purposes. The User inflicts it upon us to attempt to elevate themselves (and ease their obvious inferiority complex). These are the Imposters, people who never progressed intellectually beyond memorize-and-regurgitate mode; and they use jargon to cover-up the fact that they are incompetent idiots.

Then there are the Users who use jargon with the deliberate intent of deception, and here there is no better example than the bankers and politicians using the term "quantitative easing" again and again and again. First it is not only an obvious euphemism, but it is such a vague euphemism that virtually no ordinary person has the slightest idea of the SIMPLE concept it represents.

This is what makes VAGUE euphemisms the best kind for the Deceivers; and the use of any vague euphemisms is (by itself) nearly 100% proof we are dealing with an intentional liar...or else some Stooge attempting to parrot such a liar. Along with using the vague euphemism to confuse people, you HIDE the activity which is actually taking place: printing money.

Just imagine how different the public attitude would be regarding the destruction of our currencies (and the FAILURE of our governments) if every time the words "quantitative easing" had been used over the past 5 years the words "printing money" had been used instead.

Even the SHEEP aren't that stupid.

If one has a pitcher of Kool-aid they are distributing at some social gathering, and the guests overhear the Mixer of the Kool-aid using the words "adding water" again and again and again; people understand what is happening : the Kool-aid is being diluted...

Jeff Nielson
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Last Edit: 2013/02/24 10:26 By Jeff Nielson.
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