Home / Federal Reserve / Bernanke Explained in Simple English (Australian)
Print Friendly and PDF

Bernanke Explained in Simple English (Australian)

Written by Gary North on August 23, 2013

So, you have trouble understanding Bernanke. Maybe you are not sure what tapering is. But you do not want to admit this publicly. You want to be able to nod your head, and say something authoritative sounding, but not specific enough so that your listener will know you’re faking it.

Well, I have good news. Clarke and Dawe have come to the rescue once again.

I am not sure which one is Clarke and which one is Dawe. It doesn’t matter. One of them always uses a fake name. The other is nameless.

But they get right to the point.

Print Friendly and PDF

Posting Policy:
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

15 thoughts on “Bernanke Explained in Simple English (Australian)

  1. Johan Lindén says:

    Good one! 🙂

  2. Ben Ghazi says:

    I think this is John Clark a former native New Zealander & Economic former TV Commentator of Great Genius, who left Wellington NZ for Sydney Australia many years ago. Great stuff indeed.

  3. I suspect the guest's name Adam Smith wasn't picked at random

    Adam Smith (1723-1790) was a Scottish philosopher and economist who is best known as the author of An Inquiry into the Nature and Causes of the Wealth Of Nations (1776), one of the most influential books ever written.

  4. That was hilarious. Unfortunately, it was also spot on. Also unfortunately, 98% of Americans could watch that and not have a clue of what was just said. Even more unfortunately, they wouldn't try to find out. Even much more unfortunately, our President wouldn't understand it either. See my blog at http://cranky-conservative.blogspot.com

  5. The very sensible Mr Fred Dagg: (AKA the comedic genius, John Clarke)

  6. Well, I am one of those Americans that really can't follow everything he said, but I know it's bad. I know the federal reserve is printing money and that does reduce the value of the dollar. It seems that the whole economy in the U.S. is living on a false premise.
    If someone could explain it in a little easier terms, it would be helpful, because I'd like to be able to talk about it.


  8. It works something like this:

    When Bernanke makes a pronouncement on the economy, President Obama thinks of the absolute worst thing he could do…and does it. Sort of like when you go to Wal*Mart to buy a box of Kleenex, and when you go through the checkout and find your wallet is void of any cash. So you decide to pay for it with a credit card, and seeing as you went through all that trouble to get the VISA out you decide to buy that 60" flat screen TV you've been drooling over.
    Never mind that because you don't have a job and there is no money coming in, you won't have the money to pay the VISA bill next month.
    Now imagine you're Obama and you have been doing that for 4+ years, only in the billions of dollars every day.

    That, my friend is how economics works in Obama's world.

  9. Blair Franconia, NH says:

    Name this Aussie the NEXT FED CHAIRMAN! He's bang-on right, Mate! 🙂

  10. 1baronrichsnot1 says:

    I watched very carefully, he had every point about ben just right! Especially the one about making statements. Some of these educated idiots just talk, they never have anything to do about the problem. That's about it, they want someone else to do the work, pay the bills, prop up the banks, pick up the debt bubble, reconstruct the economy, prop up the market, and everything will be peachy. Except we will be decades just getting back where we were, and longer, if ever paying off our debt!

  11. creolegenius says:

    When Bernanke 'feels one coming on', he visibly lifts his right leg slightly.

  12. And if you change your mind and decide to buy the 40" flat screen instead, you can say you cut your budget and saved money.

  13. we're not necessarily doomed. think about the times when there was no currency. there was simply trading goods and services. We're doomed if we keep trusting the dollar and depending on it in order to live. Basically any economy consists of production and consumption. two movements can make our economy bypass the currency: the DIY movement and Time Banking. The computer could enable the entire society to function smoothly using these two without fiat currency. We need government for only two things: defense and law and order.

  14. Right now, I am not sure the government is up to providing "Law and Order." They are making their own laws as they go and Americans are wondering what has happened to the Constitution. As far as defense, that is a joke. We are being overrun with our enemies, already, at the invitation of government.

    Americans (90%) don't produce anything so they don't have anything to trade. People used to have "trades" and they used to grow their food, both meat and vegetables.
    Not any more, people mostly just shuffle paper in air-conditioned offices. Close down those offices and what do they have to trade.

    Agree we will wake up some morning and the Dollar will be worthless and the murders will begin. Roving bands of barbarians will take anything they want. Not a good environment for producers of anything.. People need to think this through a little more.

  15. @FoxNews @SkyNewsAust @SkyNews #teaparty #auspol

    …. Right now, I am not sure the government is up to providing "Law and Order." It is making its own laws as it goes and Americans are wondering what has happened to the Constitution ….

    Not the government's business to "provide" what it might label "order."

    That's our business.

    And, as for the united States' Constitution, you're Right — but there is HOPE, to hand.

    Read The Liberty Amendments – Restoring The American Constitution' by Mark Levin (Amazon: http://tinyurl.com/mfaugml) — and join We, The (Sovereign American) People, in supporting whatever comes of Mr Levin's movement toward the reclaming and restoration of our beloved fraternal republic.

    And pray. And trust.

    Brian Richard Allen