Comments on: JP Morgan explains the euro crisis with lego

By: Haroun

Haroun — Wed, 26 Oct 2011 18:24:03 +0000

number 10 is the 99 percent who need to cap personal wealth at 10M dollars, and number 12 is the 1 percent who would be affected by that, but at the moment nothing affects them so they don’t care where the debt goes. Is that ok for a 4 year old?

By: ehauske

ehauske — Sat, 17 Sep 2011 14:17:10 +0000

My 4 years old ask why the toys 10 and 12 don’t have arrows going out? Have they been bad toys? Did they do something bad? :)

By: Packerchu

Packerchu — Fri, 09 Sep 2011 01:14:13 +0000

I don’t know … If the EU Commission and Euro Group Finance Ministers were *really* Stormtroopers; The rebels would win. ;)

By: nobailoutplease

nobailoutplease — Thu, 08 Sep 2011 08:34:11 +0000

The three men with helmets, shields, and medieval weaponry are truely trying their best. Today the EFSF Eurorettungsschirm will not bye yunkbonds etc. http://www.faz.net/artikel/C30923/euro-r ettung-die-stunde-der-rechenkuenstler-30 498320.html

By: StokeyBob

StokeyBob — Thu, 08 Sep 2011 03:27:45 +0000

StokeyBob Explains it with a Super Dollar:

No matter how much real money people can put together to build their countries the way they want there are those that can print up what ever it takes to dictate their way.

Maybe this will help make the danger of fiat money clear.

Imagine you and me are setting across from each other. We create enough money to represent all of the world’s wealth. Each one of us has one SUPER Dollar in front of him.

You own half of everything and so do I.

I’m the government though. I get bribed into creating a Central Bank.

You’re not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with.

All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world!

That isn’t the only thing though. You need to get busy and get to work because YOU’VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED.

That to me represents what has been happening to the economy, and us, and why so many of our occupations just can’t keep up with the fake money presses.

http://photos.imageevent.com/stokeybob/f ollowthemoney/Supersingle640x537.jpg

By: fletbr13

fletbr13 — Thu, 08 Sep 2011 03:06:03 +0000

This graphic is really an eye opener. We all need to realize that it is time to wake up, and to face the real issue that is at hand. Playing the blame game, finger pointing, arguing about who is at fault, these actions get us no closer to a resolution, serving only to distract us from the problem at hand. Those behind this know it, they continue to thrive because of it, and continue to make the situation that much more dire.

And yes, at first, the situation was jumbled, confusing, a frustrating mess with no clarity at any level. This graphic has, however, given us the ability to see what is really taking place. While we squabble, the Empire and it’s Stormtroopers are infiltrating and taking over the EU.

It is just a matter of time before they succeed, or perhaps they already have, either way we are on the verge of collapse. With the spotlight now on the problem, visible for all, we have little time and must act fast, or else we have only ourselves, and maybe the ewoks, to blame.

By: FifthDecade

FifthDecade — Thu, 08 Sep 2011 01:35:58 +0000

There is of course one thing missing, a vital element, the one that started it all and caused all the problems in the first place: US sub-prime based securities and the long feeding chain that took them from impossible to pay mortgagees right up to banks like Lehman and others who then sold them on into Europe.

By: k3nt0n

k3nt0n — Wed, 07 Sep 2011 21:57:49 +0000

This seems like the Lego version of the sh*t flows downhill theory. If you’re at the bottom of the diagram and there are arrows pointing at you, you’re stuck with it.

By: wpw

wpw — Wed, 07 Sep 2011 15:00:44 +0000

More insightful than most of what I have seen on the Eurozone. At least some of the stereotypes required some thoughtful imagination.

By: SurfSmurf

SurfSmurf — Wed, 07 Sep 2011 12:29:25 +0000

Oh my god, we are doomed

By: FifthDecade

FifthDecade — Wed, 07 Sep 2011 00:02:13 +0000

Thanks Ernie – no Playmobil to hand!

By: ErnieD

ErnieD — Tue, 06 Sep 2011 23:12:27 +0000

Peter Cembalest missed an entire group of players in this crisis. My kids had a really cool Lego pirate ship with pirates (complete with parrot and treasure chest) that should be in this diorama representing the major banks that hold the debt of these sovereign nations and back the derivatives that they buy from each other to “cover their risks.” They could even have the cannon from the ship in the diorama as the threat that the banks will blow up the economy if they fail.

FifthDecade:

These are Lego people. You can tell by their square flat-footedness which hides holes in their soles that allow them to stick to Lego pieces and boards. You can see the ECB banker standing on a Lego piece. The PlayMobil characters actually have little feet.

By: FifthDecade

FifthDecade — Tue, 06 Sep 2011 23:00:35 +0000

Isn’t that Playmobil and not Lego? Although with Lego’s ridiculous move to give up on 4×2 bricks in megapacks in favour of 2×1, 3×1 and 4×1 just to make it seem like there are lots of bits when in reality there isn’t only looks good in the sense that it shows the real effects of inflation in what you can actually buy for your money.

Clearly all the 4x2s have gone off to China and the Far East and they’ll only let us play with them if we’re nice to them.

By: worm600

worm600 — Tue, 06 Sep 2011 21:44:09 +0000

The graphic is fun, but this seems like an unbelievably convoluted way to present this information. The text is disconnected from the graphics (not to mention quite cramped), and the sheer number of arrows makes it difficult to figure out what is going on. I have to imagine a simple table would have been clearer.

By: fresnodan

fresnodan — Tue, 06 Sep 2011 20:51:48 +0000

Well, according to MMT, don’t they owe all that debt to themselves – one person’s debt is another person’s asset? So it all nets out to zero…One person’s chintzy lego figure is another person’s valuable collectable…