The European debt crisis explained in two hilarious minutes

by editor on May 30, 2010

The other ABC, the Australian Broadcasting Company, allows John Clarke and Brian Dawes to answer the most important questions about the European and worldwide debt crisis.

{ 9 comments… read them below or add one }

RKae May 30, 2010 at 9:20 am

Rated Awesome! What do you think? Thumb up 14 Thumb down 0

I hear there are these people called economists. They study for years at prestigious universities to learn their trade, which is the understanding of how economies can, should and must work. So why aren’t arithmetic and foresight part of that education? Why does every economy the world over look like it was put together by a crack-addicted streetwalker?

Next up: Why has the culture gotten more insane since the advent of psychology?

drb May 30, 2010 at 10:57 am

Rated Awesome! What do you think? Thumb up 8 Thumb down 0

Why does every economy the world over look like it was put together by a crack-addicted streetwalker?

Because economists really have nothing to do with it…it’s the corrupt politicians and the failed ecomonic policies they created without knowing the first thing about economics

KimmyQueen May 30, 2010 at 2:32 pm

Like or Dislike: Thumb up 2 Thumb down 1

This is hilarious, sad, crazy and actually scary. Printing money like crazy and giving it away on an attempt to seem powerful is disgusting. Instead of keeping nuclear power to themselves so they can better help their citizens who suffer from recurring blackouts, France sells the power away claiming it is extra when it isn’t. So much money passing so many hands so quickly it is scary.

Pittsburgh Z May 30, 2010 at 4:29 pm

Like or Dislike: Thumb up 2 Thumb down 0

I just sent this page to one of my German cousins and her husband.

BOTH hold PHDs in Economics! And are very conservative….

Deb May 30, 2010 at 9:57 pm

Like or Dislike: Thumb up 3 Thumb down 0

Hilarious. And very sad, because it is the truth. And it is only a matter of time til China falls, sine the rest of the globe is broke and then where will we be? Is it 2012 yet?

wes in mt May 30, 2010 at 10:17 pm

Like or Dislike: Thumb up 5 Thumb down 0

I guess we’ll soon be back to trading chickens.

drb May 31, 2010 at 4:21 am

Like or Dislike: Thumb up 1 Thumb down 0

and pigs!

youngsterz June 1, 2010 at 12:46 pm

Like or Dislike: Thumb up 1 Thumb down 0

. . . and fish. (Props to Peter Schiff and his new book “How an Economy Grows and Why It Crashes. Read it to get the fish reference. It’s an excellent book!)

Franco1975 June 3, 2010 at 2:46 pm

Like or Dislike: Thumb up 1 Thumb down 0

The U.S. economy IS stronger than Europe but that isn’t saying much. Go to http://www.usdebtclock.org and you will see how strong the U.S. economy REALLY is… Does “house of cards” or “impending doom” come to mind? I think so.