Generation Iron-E by thousands2thousands
March 3, 2009, 10:41 pm
Filed under: economy, in ze newz, ricky, survival

For those of you who don’t listen to the radio show This American Life with a hard-on, bare with me. They’ve done a spectacular job thus far of covering the economic crisis, (part 1 & part 2) , and this week’s episode “Bad Bank” is nothing short of profound. Catastrophically profound \m/. 

There are some news stories you can hope to sit out. Ira Glass, the host, says he sat out Kosovo. But this is a story we will be dealing with and hearing about for the next decade (unless an enormous psychic alien-monster drops onto New York City, uniting the world against a more pressing threat). So we may as well get the story straight, and with jazzy background music.

The first twenty minutes explain the state of the economy and how we got here. Then they start talking to IMF guys and Deutsche Bank dudes and G-men about the possible plans for getting out of this mess, and it’s funny/horrifying. Then the straightforward insights start rolling in, and you think to yourself, “my parents try to be nice humans, but I didn’t want to live like them, anyway. Their parents were way cooler (except for the racism/sexism)”. 

 This is the worst economic crisis since 1929, and therefore we’re all freaked out about living through the next great depression. Fine, but what about bloody continent-consuming wars? Are we freaked out about spawning any of those? Can that still happen?

germaninflation

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