Money as debt: an animation

[Letum]

HERE

Is a simple economic animation. I highly recommend it.

[Sailor Steve]

Scary stuff.

[UnderseaLcpl]

Economy is everything.

[Platapus]

I have always believed that if you truly want to understand the world you need to study three subjects

Physics
Chemistry
Economics

Pretty much covers all the important questions.

The problem is that the first two make sense and the third is hard to follow

[Letum]

Originally Posted by Platapus

I have always believed that if you truly want to understand the world you need to study three subjects

Physics
Chemistry
Economics

Pretty much covers all the important questions.

The problem is that the first two make sense and the third is hard to follow

Nah, Nah

History,
Economics
and Phillosophy
with a bit of physics thrown in.

[Koondawg]

That makes me wanna club something....say where dat seal go?


KD

[kurtz]

Originally Posted by Platapus

I have always believed that if you truly want to understand the world you need to study three subjects

Physics
Chemistry
Economics

Pretty much covers all the important questions.

The problem is that the first two make sense and the third is hard to follow

Reminds me of the physicist, the chemist and the ecnomist washed up with a tin of beans on a desert island. there's no tin opener so the physicist says,"we could heat a stick up in the fire so the point becomes hard and we can pierce the tin with it". This is tried and fails so the chemist says,"we can just put the tin in the fire and the pressure will burst the lid off the can". This was tried so the two of them look at the economist who says,"First of all assume there is a tinopener!"

[Platapus]

Ok if we are telling academic jokes.....

A Mathematician, a Physicist, and a Mechanical Engineer are involved in a study.

The Professor tells them that they will be placed in one corner of a room. At the opposite corner of the room is this beautiful naked horny woman.

"Each of you will be allowed to walk toward her but you can only go half the remaining distance every time you move."

"Mathematician, you are first."

The Mathematician refuses to even go in the room and explains that if he can only go half the remaining distance to the naked woman he would never get to her.

The Physicist, wanting to take a look at the naked woman, enters the room, takes a few measurements but comes out and basically agrees with the Mathematician -- by only going half the remaining distance you will never get there.

The Mechanical Engineer enters the room and comes out 45 minutes later, clothes disheveled, smirk on his face, buttoning up his pants. "oh boy she was great"

"Foul!" cried both the Mathematician and the Physicist. "By being restricted to only advancing half the remaining distance you would never get there"

"That is true", replied the Mechanical Engineer, "but soon you get close enough for all practical purposes."

<rim shot>

[Mush Martin]

:rotfl:

[mookiemookie]

Think that's bad? Here's 16 minutes well spent on why government GDP and inflation data should be taken with a grain of salt:

http://www.chrismartenson.com/fuzzy_numbers

[Happy Times]

Originally Posted by Platapus

I have always believed that if you truly want to understand the world you need to study three subjects

Physics
Chemistry
Economics

Pretty much covers all the important questions.

The problem is that the first two make sense and the third is hard to follow

There is no way you can leave history out, to me philosophy and religion are part of it.

[Letum]

Originally Posted by Platapus

Ok if we are telling academic jokes.....

A Mathematician, a Physicist, and a Mechanical Engineer are involved in a study.

The Professor tells them that they will be placed in one corner of a room. At the opposite corner of the room is this beautiful naked horny woman.

"Each of you will be allowed to walk toward her but you can only go half the remaining distance every time you move."

"Mathematician, you are first."

The Mathematician refuses to even go in the room and explains that if he can only go half the remaining distance to the naked woman he would never get to her.

The Physicist, wanting to take a look at the naked woman, enters the room, takes a few measurements but comes out and basically agrees with the Mathematician -- by only going half the remaining distance you will never get there.

The Mechanical Engineer enters the room and comes out 45 minutes later, clothes disheveled, smirk on his face, buttoning up his pants. "oh boy she was great"

"Foul!" cried both the Mathematician and the Physicist. "By being restricted to only advancing half the remaining distance you would never get there"

"That is true", replied the Mechanical Engineer, "but soon you get close enough for all practical purposes."

<rim shot>

I'm gonna take all the humor away and be a pedant/arsehole.

The mathematician would use calculus to show that he would reach his goal.
Thats what calculus is most useful for.
Only the philosopher would point out that the way calculus handles motions
does disprove the claim that you will never get there if you only go half way in
each journey.

[Happy Times]

Where do you people invest your "debt-money"?
I save in stocks, little gold, i also bought some forest.

[Letum]

My belly and my petrol tank.

[UnderseaLcpl]

Originally Posted by Happy Times

Where do you people invest your "debt-money"?
I save in stocks, little gold, i also bought some forest.

Railroads (CSX, BNSF, UP) I'm counting on fuel prices driving up the demand for rail and intermodal transport. I'm also counting on foolish government investiture in passenger rail networks. They will inevitably fail (like amtrak) because they will never prodice a profit, but I see them as being worth a short-term investiture.
I don't have such an income that I can diversify my assets. I would like to invest in new petroleum-development companies, but I don't have the money to do so.
The political situation surrounding U.S. drilling concerns me. They may not be allowed to drill. Given the democratic majority in the legislative branch, I'm not going to take that chance with the little spare income I have available.

My main fear is that trucking lobbyists will succeed in getting subsides for truckers' fuel costs. Double-whammy for me. My rail stocks will drop while government intervention causes inflation to rise (via printing of money and foreign debt)
If legislation to such effect is even introduced I will sell. That is, assuming that I can find buyers.

Friggin' government