Sunday 31 October 2010

Link found between Nobel Economics prize & financial crisis

Found by me
follow the yellow brick road. Paid for by your tax money.

[Nobel]
I've noticed an Economic trend, dontcha know?
It goes like this: Economics Professors in suits
give their bizarre mathematic explanation for
the voodoo economics that the banksters are practising.
Other suits smile and give them a Nobel prize.
They're not trying to stop it. No, they're finding
believable excuses for it. In other words, they're
just a corrupt. Lemme explain


I got hold of a lecture podcast(see below)
abouthow the ideas of recent Nobel laureates
led directly to the financial crisis.
...as if it was an accident.

The other example is something I just noticed:
now that we are in an economic crisis,
we are coming out of it slowly, GDP wise,
but not employment-wise,
because workers are being hit twice,
once in the paycheck, unemployment,
and again in benefits from the government.

Who just happens to win the Nobel this year but somebody
who says 'cutting unemployment benefit is better for society'.
these guys are:
Peter A. Diamond, Dale T. Mortensen, Christopher A. Pissarides
Pissarides
Diamond [cousin of Jamie, of Bear Stearns?]

How convenient. So, this leads me to thinking that
the first trend was not a chance happening.

Nobel committee says: "We got your back"
We'll provide the professors who'll give you
the excuses you need
to rob the people, with a smile on your face.

Certain global forces, bankers and so on,
were looking for theoretical cover for their
immoral financial tricks and they got it.
Together, they stole trillions from worker's retirement funds.
Now, they want to keep workers on the job longer,
push workers back
into medieval times by having us work more for less money,
with less government support
What a surprise!

Polite society, dressed in nice suits and robes, parades around
looking all officious, and taking us down the garden path
to enslavement.

-Costick67 ~(8^P

checkitout:
http://nobelprize.org/nobel_prizes/economics/laureates/2010/press.html

lecture podcast by Paul Ormerod
Have Economists gone mad?
download from http://www.bath.ac.uk/podcast/
Mon, 07 Dec 2009-Paul Ormerod, the author of three best-selling books on economics talks about what mainstream economists have to say about the turmoil of world economy.