Saturday, October 22, 2011

Diamond Jim.........The Greek Debt Crisis and other Econ. Songs

For those of you who aren't econ wonks, Diamond Jim is referring to Jamie Diamond, the head of J.P. Morgan Bank, and Glass-Stegall is a law that was repealed that separated investment banking (risky) from banks where actual people deposit their hard earned money.




The Greek Debt Song:



(Other clips by Merle Hazzard)

No saterical movie review would be complete without Hitler. But I think this is a lot how the Germans really feel:




This clip is actually better, but embedding was restricted by the uploader.

Also, on a more serious note, this is a great article, and brings up and discusses a point that is central to any real recovery, but has not even been mentioned by the talking heads, and that is energy, and it's relation to capital and labor.  It is a bit if a read, but I think it pretty much holds the key to recovery.  The talking heads might not get it, but if you look at the conflicts in the world you can see that some very smart people through out the world are fighting over it.

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