He was doing it to 'corpse' John Clarke, as it's a standard Kiwi response. You can see that John is trying not to crack up after. Brilliant comedy duo work.
0:33 "Is the term 'cost of labour' used at any point in his no doubt penetrating analysis of what the adults are thinking about in the other room." Fucking brutal. XD
did he dispute the effects of lowered interest rates in one sentence and then confirm them in the next in a different way? because that's what it sounded like and if that's accurate it was fucking beautiful
No one is more pleased than I when I'm bamboozled in a breath of brilliance from satirical soldiers such as these fine fellows. As for their folly all these moons later, they still need to fuck the fuck off.
So wages is the driving force of inflation, but in reality wages has absolutely nothing to do with inflation as the past decade of zero wages growth has attested. What is driving up inflation is the record company profits being experienced by businesses over the past few years, especially since the o set of covid and the massive taxpayer funded handouts to businesses that used that money for bonuses, increased their prices, increased their massive record profits and are driving up inflation. It's 2022.
@@TonyWhite22351 Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn’t mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and lsat ltteer be at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.
As an American, I say to you all that Australia just might be the worlds best hope. Keep your currency strong. If you collectively laugh loud enough, we just might be able to hear you over here as we tumble down the hole that was our wasted economy.
Yes, by showing my intellectuality i will quote what is said in the video, in hopes that i can get thumbs up on TH-cam, because that is very important shit.
What an EGO.... "Because of my video the RBA was forced to change "Commonwealth" to "Australia" " Mate, that happened way before TH-cam was even invented. Go look at old banknotes.
There's a difference between a nation and a "state" or a "monarchy". From wikipedia: "A nation may refer to a community of people who share a common language, culture, ethnicity, descent, and/or history". The groups of people in the UK are does not share a common language 'cept in official business, not a common culture 'cept as reflections of worldwide populist-culture, not same ethnicity 'cept as ruled by the same monarch, not a common decent 'cept by general watering out of original ethnicity
Lowering terest rates doesn't just mean writing a different number on a board. It means the RBA has to print lots of new money and lend it to the banks in order to keep interest rates low. This inevitabley leads to inflation, and the need for much higher interest rates later on.
If nothing else the last 9 years have comprehensively driven a spike through this argument. Despite the printing 'presses' running white hot for over a decade across the developed world interest rates are almost zero, even below zero in some countries.
@@nedkellysghost7931 well houses cost more than double what they did when i wrote that comment. Where do you thin the money came from? Technological advancements and overseas competition have kept the cost of essential services down for now, but this isn't guaranteed to last.
@@LibertyDownUnder Housing is being driven mostly by local plus foreign investors and high immigration. Why have investors flocked to housing? Because they can't get a decent return from more traditional investments and they can borrow money for peanuts. Again, money printing does not in itself cause interest rates to rise, or inflation. Japan has been printing money for over 3 decades. Their interests rates are as low as here and stagnation has been and continues to be the biggest problem with a constant fear of deflation.
It's pretty cool to see this guy swoop in to defend a position he posited 9 years prior. If someone caught one of my TH-cam comments from 9 years ago I'd probably hide under the mattress from how naive they were.
“True dat.” 😂
“That’s not am argument. That’s finger-painting.” Genius
Waves of un-alloyed pleasure course freely about my person whilst watching Clarke and Dawe
I am similarly gripped
Waves of unalloyed pleasure course freely about my person!
"what the adults are thinking about in the other room" LOL!
I am similarly gripped.
This augers well 😁
Please may his family be comfortable in knowing that we all miss him
John Clarke and Bryan Dawe: eerily relevant to this very day.
"...we'll all be murdered in our beds..."
LOL. True dat.
That rubber coated handle on the fulcrum of life's vicissitudes pulls through again as the wheels of industry and commerce grind all around us.
Does he say "tru dat" at 1:06?
Yep :)
He do
He was doing it to 'corpse' John Clarke, as it's a standard Kiwi response. You can see that John is trying not to crack up after. Brilliant comedy duo work.
@@JeremyPCresswell and a British one
Tru dat.
0:33 "Is the term 'cost of labour' used at any point in his no doubt penetrating analysis of what the adults are thinking about in the other room."
Fucking brutal. XD
True dat
Your genius is utterly magnificent.
Clarke and Dawe, at their very best!
I think every politician in the world has listened to John on how to wriggle out of any situation 😂😂
This augurs well
This one is off the charts.
"that's not an argument, that's fingerpainting"
Going to keep that for my next wifey argument.
One of the best interviews...
I'll bet Stevens had to watch this twice to catch the words he drowned out by his own laughter first time around!
Must be close to the best this year
so brilliant
did he dispute the effects of lowered interest rates in one sentence and then confirm them in the next in a different way? because that's what it sounded like and if that's accurate it was fucking beautiful
No one is more pleased than I when I'm bamboozled in a breath of brilliance from satirical soldiers such as these fine fellows. As for their folly all these moons later, they still need to fuck the fuck off.
Fine wine 🍷
Great video.
TRUE DAT
This is why the ABC budget was cut
Tru dat!!! hahahahahaha
With economical increasing, currency also being a higher value, and prices going up, is it double dipping?
LOL true that ahahaha
"Waves of unalloid pleasure coarse freely about my person..."
Unalloyed, please
Not to mention "course", rather than "coarse".
So wages is the driving force of inflation, but in reality wages has absolutely nothing to do with inflation as the past decade of zero wages growth has attested. What is driving up inflation is the record company profits being experienced by businesses over the past few years, especially since the o set of covid and the massive taxpayer funded handouts to businesses that used that money for bonuses, increased their prices, increased their massive record profits and are driving up inflation. It's 2022.
brilliant, you "guys" never sees to amaze me :xD
Cease !
@@TonyWhite22351 Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn’t mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and lsat ltteer be at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.
Too true
very true
i'm too dumb for this
As an American, I say to you all that Australia just might be the worlds best hope. Keep your currency strong. If you collectively laugh loud enough, we just might be able to hear you over here as we tumble down the hole that was our wasted economy.
As another American, shut the fuck up. Our economy isn't in the same solar system as the Australian economy.
Caca
We failed
The United Kingdom Corporation isn't the actual UK...it's just a company name.
Signorscrittore kind of like the Federal Reserve.
. John Clarke may have been here, But
Harold McLean was lol 😂👍
The level of corruption is too djamn high.... is what clarke is trying to say
@1:06
In any case our countries full name is The Commonwealth Of Australia
Yep. Who wants less purchasing power? Not me.
Why do people always post '1st, second, 50th etc' ..like it is positive/interesting in ANY way..
47th!
Yes, by showing my intellectuality i will quote what is said in the video, in hopes that i can get thumbs up on TH-cam, because that is very important shit.
First view!!
China.
And I am saying you dill, that Commonwealth was dropped decades ago. Nothing to do with your petty little fears.
35th view!!!!!
What an EGO.... "Because of my video the RBA was forced to change "Commonwealth" to "Australia" "
Mate, that happened way before TH-cam was even invented. Go look at old banknotes.
There's a difference between a nation and a "state" or a "monarchy". From wikipedia: "A nation may refer to a community of people who share a common language, culture, ethnicity, descent, and/or history". The groups of people in the UK are does not share a common language 'cept in official business, not a common culture 'cept as reflections of worldwide populist-culture, not same ethnicity 'cept as ruled by the same monarch, not a common decent 'cept by general watering out of original ethnicity
Lowering terest rates doesn't just mean writing a different number on a board. It means the RBA has to print lots of new money and lend it to the banks in order to keep interest rates low.
This inevitabley leads to inflation, and the need for much higher interest rates later on.
If nothing else the last 9 years have comprehensively driven a spike through this argument. Despite the printing 'presses' running white hot for over a decade across the developed world interest rates are almost zero, even below zero in some countries.
@@nedkellysghost7931 well houses cost more than double what they did when i wrote that comment. Where do you thin the money came from?
Technological advancements and overseas competition have kept the cost of essential services down for now, but this isn't guaranteed to last.
@@LibertyDownUnder Housing is being driven mostly by local plus foreign investors and high immigration. Why have investors flocked to housing? Because they can't get a decent return from more traditional investments and they can borrow money for peanuts.
Again, money printing does not in itself cause interest rates to rise, or inflation. Japan has been printing money for over 3 decades. Their interests rates are as low as here and stagnation has been and continues to be the biggest problem with a constant fear of deflation.
@@nedkellysghost7931 people can flock all they want. Almost ALL the credit for these prices is from the RBA
It's pretty cool to see this guy swoop in to defend a position he posited 9 years prior. If someone caught one of my TH-cam comments from 9 years ago I'd probably hide under the mattress from how naive they were.