That video is absolutely hilarious. Is this type of candor typical in the Australian MSM?

Why is the US economy so strong?

"Because it is owned by China."

lol

Correct!

Brilliant! ;)

Heh. nice one

Don't suppose there's a transcript? :)

It was s00per secret behind teh View Transcript link. lol
http://www.abc.net.au/7.30/content/2010/....

Quote:

Transcript
KERRY O'BRIEN, PRESENTER: Time for John Clarke and Bryan Dawe with a few reflections on Europe's financial woes.

BRYAN DAWE: Your name is Roger yes?

JOHN CLARKE: Roger.

BRYAN DAWE: Ah, that's your name?

JOHN CLARKE: Roger.

BRYAN DAWE: Good. And what do you do Roger?

JOHN CLARKE: I'm a financial consultant.

BRYAN DAWE: Ah, financial consultant, eh?

JOHN CLARKE: Roger, yes.

BRYAN DAWE: Terrific and Roger how is business at the moment?

JOHN CLARKE: Not bad thank you. Been a bit quiet lately.

BRYAN DAWE: How do you mean lately?

JOHN CLARKE: Since the war. Been a bit quiet.

BRYAN DAWE: Fair enough. Okay, Roger your special subject tonight is the economies of the European community. Your time starts now. Best of luck.

JOHN CLARKE: Thank you.

BRYAN DAWE: How much does Greece owe, Roger?

JOHN CLARKE: $367 billion.

BRYAN DAWE: Correct. And who do they owe it to?

JOHN CLARKE: Mostly to the other European economies.

BRYAN DAWE: Correct. How much does Ireland owe?

JOHN CLARKE: $865 billion.

BRYAN DAWE: Correct. Who do they owe it to?

JOHN CLARKE: Other European economies mostly.

BRYAN DAWE: Correct. How much does Spain and Italy owe?

JOHN CLARKE: $1 trillion each.

BRYAN DAWE: Correct. Who to?

JOHN CLARKE: Mainly France, Britain and Germany.

BRYAN DAWE: Correct. And how are Germany, France, Britain going Roger?

JOHN CLARKE: Well they're struggling a bit, aren't they?

BRYAN DAWE: Correct. Why?

JOHN CLARKE: Well ‘cause they've lent all the vast amounts of money to other European economies that can't possibly pay them back.

BRYAN DAWE: Correct so what are they go to go have to do?

JOHN CLARKE: They're going to have to bail them out.

BRYAN DAWE: Correct. Where are they getting the money to do that Roger?

JOHN CLARKE: That is a good question. I don't know the answer to that one. (laughs)

BRYAN DAWE: How much does Portugal owe?

JOHN CLARKE: Hang on a minute, what was the answer to that earlier question?

BRYAN DAWE: Just keep answering the questions Roger.

Where is Portugal going to get the money it owes to Germany if Germany can't get back the money that it lent to Italy?

JOHN CLARKE: Just a minute. What was the answer to the previous que-

The question was: How can broke economies lend money to other broke economies who haven't got any money because they can't pay back the money the broke economy lent to the other broke economy and shouldn't have lent it to them in the first place because the broke economy can't pay back?

BRYAN DAWE: You are wasting valuable time Roger. How much money does Spain owe to Italy?

JOHN CLARKE: $41 billion. But where are they going to get it?

BRYAN DAWE: Correct. What does Italy owe to Spain?

JOHN CLARKE: $27 billion but they haven't got it - they're broke.

BRYAN DAWE: Correct. How can they pay each other if neither of them has any money?

JOHN CLARKE: They're going to get a bailout, aren't they?

BRYAN DAWE: Correct. And where is the money coming from for the bailout?

JOHN CLARKE: That is what I'm asking you!

BRYAN DAWE: Correct. Why are people selling the European currency and buying the US dollar?

JOHN CLARKE: Because the US economy is so much stronger than the European economy.

BRYAN DAWE: Correct. Why is that Roger?

JOHN CLARKE: Because it's owned by China.

BRYAN DAWE: Correct and very well done! And after that round you've lost $1 million.

JOHN CLARKE: I've lost $1 million? I thought you said well done!

BRYAN DAWE: Yes well done - you've only lost $1 million. That's an extraordinary performance Roger.

JOHN CLARKE: I've only lost $1 million.

BRYAN DAWE: Very well done.

JOHN CLARKE: That's quite good is it?

BRYAN DAWE: Oh it's excellent.

JOHN CLARKE: Sell everything immediately. Quickly!

KERRY O'BRIEN: I think it's called laughing as you sink.

These guys are a hoot. Plenty more on Youtube, including this sadly topical gem:

The front fell off

Transcript:
http://www.abc.net.au/7.30/content/2010/....

Edit: Bah, I'm too slow.

-Uwe-

Uwe: Hello TooSlow, I'm TooLazy ;)

I thought I was watching US congressmen live on c-span.

They remind me of Bird and Fortune. I won't clutter the thread with embeds, but will post this YouTube search link:
http://www.youtube.com/results?search_qu....

-Uwe-

Thats GREAT!!!!

That's hysterical. Roger, correct, Roger, correct.

It's sort of Monty Pythonish!

Funny! The Front Fell Off is my favorite.

Brilliant! So what is the answer? LOL!!!

The correct answer was Ponzi!

Great.... Read that while watching the history of WWI

oh the humanity....look at things to come?

Bonus Round.

Asker: Who do the Broke Economies of Europe Owe the Money to Exactly?

Answerer: Banks.

Asker: Do You mean the Banks that the European Economies have Bailed Out.

Answerer: Yes.

Asker: -Banks in Their Own Economies or in Other Economies?

Answerer: Well, Mostly in Their Own Economies and in Each Other's Economies.

Asker: Correct.

-
Asker: Correct. -Why would Economies that Owe Money to Banks borrow More Money to Bail Out those Banks?

Answerer: So that The European Economies would have Banks to Borrow more Money From.

Asker: What would the European need to borrow more Money for.?

Answerer: Why to Bail Out more Banks.

Asker: So the Economies of Europe are borrowing Money to Bail Out the Banks so that They will have Banks to borrow more money from to Bail out more Banks?

Answerer: Yes.

Asker: Correct.

-

Asker: What if the Banks The European Economies are Borrowing Money from to Bail Out more Banks with don't Lend These Economies more Money?

Answerer: Then the Banks will need more Bail Outs.

Asker: then how would the Banks get Bailed Out?

Answerer: By the European Economies.

Asker: I thought that You just the said if the European Economies didn't Bail Out the Banks that the European Economies would Bail Out the Banks.

Answerer: If the European Economies don't Bail Out the Banks then the Banks will use the Bail Out Money They already have received to attack the European Economies via CDS and Naked Derivatives and by Raising the Rates that the European Economies can borrow at to very high rates and restrict Their borrowing.
Then the European Economies would Bail Out the banks.

Asker: Do You mean the same Banks that have been granted lower borrowing Rates by the European Economies?

Answerer: Yes.

Asker: Correct. -And that would be bad for those Economies?

Answerer: Why, Yes; that would be terrible for those Economies; especially the Banks.

Asker: Correct. -So the European Economies are lowering the Rates for Borrowing for the Banks and Bailing Out the Banks which are then Raising the Rates on the European Economies that are borrowing to Bail out the Banks.

Anwerer: Yes.

Asker: Correct. -Are the European Economies upset by the Banks Raising Rates for Their borrowing Money to Bail Out the Banks?

Answerer: No, the European Economies are not upset by the Banks Raising the Rates to borrow Money to Bail Out the Banks: They are upset by Speculators that are asking for higher Rates for borrowing Money to Bail Out the Banks.

Asker: What do You mean by Speculators?

Anserer; Generally Anyone that isn't a Bank.

Asker: Correct. -Why would the European Economies be upset with Anyone that is not a Bank that They have Bailed Out Raising the Rates at which the European Economies can borrow Money to Bail Out the Banks?

Answerer: Because paying more Money is bad for the European Economies.

Asker: Especially to Banks that the European Economies don't borrow from?


Answerer: Yes. Anyone that is not a Bank is not going to loan Money to the European Economies as They won't be Bailed Out by the European Economies borrowing Money from the banks to Bail Out the Banks as They aren't Banks and won't be getting bailed Out by the European Economies borrowing Money to Bail Out Banks.

Asker: Correct. -So You are saying that a Speculator is Anyone that is not a Bank.

Answerer: Well, It's hard to tell what a Banks is anymore as They don't act like Banks anymore.

Asker: What do They act like?

Answerer: Speculators mostly.

Asker: Do You mean that the primary difference between Speculators and Banks is that that Banks get Bail Outs from the Economies that They Speculate in and Speculators don't?

Answerer: Yes.

Asker: Correct.

ROFL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Uwe-- I was reminded of Bird and Fortune too, especially this one which is a good reminder of how little progress has been made in resolving the financial/debt mess--this was posted over two years ago and nothing much has changed:
http://www.youtube.com/watch?v=5Z9eOZpRV....

Thanks Throxx - I think telling people that the Europeans are borrowing money from the banks in order to give money to the banks should pretty clearly express to them whats going on and the fact that it isn't going to work.

Grashopa: It is worse than that; -the Banks will Crash ANY & ALL Economies that DON"T give Them what They want, & the Banks want Enslavement; -Nothing Less.

It is long past time to END this Idiocy.

No One DARES to Ask what would happen if the Economies of Europe Owe Each Other Money WHY They do not simply expunge the various debts between One Another.

The Answer is that They DO NOT OWE EACH OTHER: THEY OWE TEH BANKS ALL THAT MONEY.

JUBILEE OR WAR IS THE ONLY ANSWER.

WAR WILL MAKE THE BANKERS RICHER THAN THEY ARE NOW; -WHICH IS PRETTY ******NED RICH.

JUBILEE WILL MAKE THE PEOPLE RICHER.

I SAY **** THE BANKERS, THAT THEY HAVE TAKEN MORE THAN ENOUGH THROUGH THEIR DECADES OF FRAUD AND USURY.

PULL THE PLUG - INITIATE A NEW SYSTEM.

HANG THE OLIGARCHS AND BRING ON THE NEW MILLENNIUM.

Crap Gen, you posted this two minutes before me. I was working out the posting formatting. Is there a way to delete mine in User Presentations?

ok, not two minutes.