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Barseps (Member Profile)

Rubik's Cube Magician Steven Brundage fools Penn & Teller...

BicycleRepairMan says...

I solve the cube at like a minute or so, so I'm not terrible at the cube, but Ive only caught one trick so far , at 1.57 he only solves the red/green/white side and leaves the blue/orange/yellow sides looking scrambled. he then simply flips the cube so it now looks solved, you can see he starts scrambling* right away so they wont catch him out.

*probably isnt scrambling but actually a trained sequence to get to the next trick.

Super Rich - The Greed Game

Super Rich - The Greed Game

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The duration of this video has been updated from unknown to 57:48 - length declared by eric3579.

How to Sharpen a Knife

How to Sharpen a Knife

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The duration of this video has been updated from unknown to 1:57 - length declared by eric3579.

FEAR THE WALKING DEAD Season 1 Comic-Con Trailer

StukaFox says...

YES, PLEASE.

Also, why do the authorities always wait until the city is over-run by mindless zombies? The first time someone turns into the undead, you drop a nuke on the city, update the maps, and pretend the whole thing never happened. You don't wait around until a multi-ethnic foursome show up with shotguns, witty banter and a love of stock cars and carnival rides. No, you go Fat Man on the fuckers ASAP and score an easy 57 hits on YouTube with the video.

HEY! Don't roll your eyes at me -- this at least twice as sane as anything Donald Trump's shit out in the last 48 hours!

Understanding the Financial Crisis in Greece

radx says...

Pure quality by John, as usual.

There are a few points I'd like to add, in order of appearance.

5:10 – Greek default or Grexit could be manageable by the rest of the EZ, economically. Italy looks a bit shaky and Spain still looks like shit, so things could spiral out of control, but chances would be better now than they were in, say, 2010.

However, Grexit would be a political nightmare. EZ membership is supposed to be irreversible, so Grexit would reduce the Euro from a common currency to a peg when viewed from the outside. That's open season on the rest of the PIIGS. If Greek then rebounds, other people might very well decide to give Germany the finger and leave as well. If Greece fails, you have a NATO member turn into a failed state, which not only gives NATO the shivers, but also buries any notion of solidarity within the EU. This union survives because of the promises it makes, which include increasing standards of living and solidarity among different peoples. Without it, we're left with... what exactly?

And nevermind the humanitarian catastrophe taking part in Greece. We've conditioned ourselves to block out the pain and suffering of people in Africa. We even manage to shrug at the cesspool of corruption that is Kosovo. But if we do that to Greece as well, what little moral authority Europe might still have left would be gone then.

5:32 – The last payment Greece received was in August, long before Syriza took over. The previous government was in disagreement with the Troika and therefore transfers were frozen.

5:57 – Troika payments are required to service previous debt obligations. They are separate from what the Greek banks require to maintain their liquidity. That would be Emergency Liquidiy Assistance (ELA) from the ECB, which is a different thing entirely, even though it comes from a member of the Troika.

The ECB is bound by law to maintain and ensure the stability of the banking system(s) within the EZ. If a bank runs into liquidity problems, support is provided by the national bank of the respective country, which funnels funds from the ECB to the troubled bank. That's ELA, and a limit on ELA is a limit on the amount of funds that banks can draw from through this process. If an illiquid bank is cut off from ELA, it goes belly up. Bad idea.

Some argue that the ECB should not provide ELA to those Greek banks anymore, since they are insolvent, and ECB rules forbid ELA to insolvent banks. But as Varoufakis said, even the ECB's own Single Supervisory Mechanism (SSM) department, which is the new banking oversight, declares the four large Greek banks to be solvent. So there is no reason for the ECB to cut ELA to Greek banks. It's all political, and the ECB is designed to be outside of politics. That's also a reason why its membership in the Troika is so controversial.

The political argument for cutting off ELA is that Germany et al. are on the hook for the total amount should Greece itself go belly up. Somewhere along the line, someone made the glorious decision to install the ECB as a currency issuer without providing it with the attributes of a regular currency issuer. If the Bank of Japan or the Bank of England racks up losses, noone cares. They issue their own currency, they cannot go bankrupt, whatever debt they have in their books is irrelevant, for this discussion anyways. But the ECB has to balance its books, it has to receive funds from its members to balance losses, and in proportion to their economic size.

They made sure that politicians can scare the demos by pointing out how they have to foot the bill for this shit, even though it's the one entity where debt truly doesn't matter at all.

By the way, the funds that Greece is hoping to acquire are meant, primarily, for two purposes: making debt payments and to provide financial room to convert ECB(?) debt into EFSF debt (4% interest down to 1%). That's all. No spending.

6:54 – "Printing" money is generating demand out of thin air. There is a shortage of demand throughout the entire continent. So yeah, if the folks at the ECB could type in a few numbers, that would be swell.

Even Germany has a shortage of demand. We are merely hiding it behind the €200b+ of demand that we steal from other countries, i.e. our current account surplus. But the infrastructure and investment spending over here is at all time lows. We'd need an additional €200b+ just to get the infrastructure back to the state it was in a decade ago.

There is no productivity growth in Europe. The UK actually lost a lot of productivity by its introduction of zero hour jobs and other forms of slavery. Without sufficient demand, there is no need to improve production capacities – they can't even sell what they could produce right now.

Men Without Hats "Pop Goes the World"

Men Without Hats "Pop Goes the World"

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The duration of this video has been updated from unknown to 3:57 - length declared by eric3579.

Matthew Good - Weapon

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Matthew Good - Weapon

Ben Folds Five -- One Angry Dwarf and 200 Solumn Faces

Ben Folds Five -- One Angry Dwarf and 200 Solumn Faces

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The duration of this video has been updated from unknown to 3:57 - length declared by eric3579.

GenjiKilpatrick (Member Profile)



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