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THIRTEEN TIMES TABLE & THE TWENTY NINE TRILLION DOLLARS

from MESMERICA - EXPECT A CIRCUS by Danbert Nobacon, Kira Wood Cramer & The Axis of Dissent

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$29,000,000,000,000: A Detailed Look at the Fed’s Bailout of the Financial System

“There have been a number of estimates of the total amount of funding provided by the Federal Reserve to bail out the financial system (2008), ranging from the Fed’s own claim of only $1.2 trillion to Bloomberg’s estimate of $7.7 trillion (just for the biggest banks) and the Government Accountability Office’s tally of $16 trillion. As part of the Ford Foundation project that I am directing, “A Research and Policy Dialogue Project on Improving Governance of the Government Safety Net in Financial Crisis,” Nicola Matthews and James Felkerson have undertaken a detailed examination of the raw data pried from the Fed by lawsuit and congressional order. Felkerson’s new working paper, issued by the Levy Institute, is the first in a series that will report their results. The headline summary is that the Fed committed more than $29 trillion in the form of loans and asset purchases to prop up the global financial system.”

— L. RANDALL WRAY - December 12th 2012

lyrics

THE FOOTBALL FIELD ANALOGY

ANNABEL: But Mommy I learned about it in 'Fun Facts' and if you do the math well …well … if you divided a Football field into 100 equal squares, and you say …. You say that is like the total surface area of the Earth, the whole planet … well the total area of all the United States would only be two squares, not even.
MOMMY: Oh Annabel darling it sounds rather complicated.
ANNABEL: But it’s not. If you just listened. really. You just don’t like doing math, cos you can’t even do my math homework.
MOMMY: Well … yes darling but
ANNABEL: You don’t even know your thirteen time table.
MOMMY: Honey. Nobody knows their thirteen times table.
ANNABEL. Do too. Me and Jennifer do … But anyway, but mommy, you know when it’s snowing in New York and Bad Clown Creepy says … he says “Euurghh we could do with a little bit of that global warming” … well he’s talking out of his Bad Clown pants.
MOMMY: Darling I don’t think—
ANNABEL: But he is Mommy. Cos that would be like trying to tell what is happening on the Earth, or in a footy game, from only seeing what is going on two—. No …not even, if it’s just New York … in less than one of the squares … out of a whole hundred squares
MOMMY: Mmmm. I guess.
ANNABEL: Yeh! But you don’t have to guess, cos you got me to do the math. And … and … and teacher marked it all correct … but I knew that anyways, cos me and Jennifer double-checked it. We did!

☠︎ ⍟ ☠︎

DRUNK MELANIE

Ooo! Ooopsy doopsy, who said bi-partisanship was dead? Shuushh! Republican-Democrat, Democrat-Republican. Seamless collaboration across the aisle, bringing us ever escalating miltary budgets, and, when necessary digging deep. No-awww! Shushhh! Stop! Oh? I had a little drinky is all. I mean. When it all came down, they found a cool twenty-nine trillion dollars. I’m not making this up. N-yyaah! I know. I couldn’t believe it either … to bail out … the banks.

credits

from MESMERICA - EXPECT A CIRCUS, released June 19, 2020
DANBERT NOBACON voices
KIRA WOOD CRAMER voices
MELL DETTMER sound effects
MELANIE GOOGELLE voice
NIGEL HUNTER midi keyboards and bass

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Danbert Nobacon & The Axis of Dissent Twisp, Washington

Danbert Nobacon 'freak music legend,' 'mischievous political goblin,'got an associate degree in the science of children’s play in England in the 1990’s whilst moonlighting in the punk rock band Chumbawamba.
The new album "Kochtopus's Garden—Now That's What I Call Capitalism—The Musical" lands on Mayday 05.01.24. ... more

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