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Archive for the 'Humour' Category

Quantitative Easing Explained

This funny video has started to make the rounds. If you think about it too much, its actually kind of scary.

Insurance Humour From 1996

The above article is from Emerson, Reid’s Insurance Oberserver, December 1996.

Hayek Vs. Keynes Rap Anthem

Big thanks to Coyote Blog and Farnam Street for linking to this video. It’s great!

More Google Search Hilarity

I’m finding Google Search to be quite hilarious. “How do I escape…” (click image for larger size)

I never knew people were having such problems with phone booths, coffee houses, and bathrooms.

Colbert: Dow 10,000 Arouses the Media

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Here’s One Way to Get Rid of Our Debt

The Onion reports on how the U.S. government has staged a fake coup to renege on all its debt. I think it’s pretty close to what will happen eventually.

Finding Gold in Poo

I never knew you can find gold in poo – literally:

TOKYO (Reuters) – Resource-poor Japan just discovered a new source of mineral wealth — sewage.

A sewage treatment facility in central Japan has recorded a higher gold yield from sludge than can be found at some of the world’s best mines. An official in Nagano prefecture, northwest of Tokyo, said the high percentage of gold found at the Suwa facility was probably due to the large number of precision equipment manufacturers in the vicinity that use the yellow metal. The facility recently recorded finding 1,890 grammes of gold per tonne of ash from incinerated sludge.

That is a far higher gold content than Japan’s Hishikari Mine, one of the world’s top gold mines, owned by Sumitomo Metal Mining Co Ltd, which contains 20-40 grammes of the precious metal per tonne of ore.

Fix It!!!

Colbert Explains the Credit Crisis and Bailout Bill

Colbert gives a vivid explanation of the credit crisis.

A Modest Proposal From Macro Man

Always speaking in the third person, Macro Man puts forth a modest proposal – perhaps even more modest than a Jonathan Swift-like proposal – to fix the economic and financial malaise that’s hit the United States over the past few years:

What he’s come up with is a modest proposal that should restore the fiscal health of the United States, reduce a large portion of future liabilities, and set the country on the road to economic health and prosperity. The assumptions that Macro Man used in his calculations are pretty modest, and while the identities of some of his suggested participants are a tad ambitious, he’s confident that his sums could work out in real life.

The first port of call is to take profit on a number of 18th century transactions conducted by the US Government. Top of the list is the Louisiana Purchase, which was consummated in 1803 for the princely sum of $23,213,568. To derive a current marketable value, Macro Man calculates an annual cash flow by multiplying state GDPs by 18% (the proportion of US nominal GDP that the Federal government receives in tax revenue) and assigns a modest P/E multiple of 8 to the result. Perhaps some banks or Donald Trump would assign a higher multiple to these one-of-a-kind assets, but Macro Man prefers to dwell in the realm of reality.

In any event, selling the Louisiana Purchase back to the European Union would get rid of Arkansas, Colorado, Iowa, Kansas, Louisiana, Minnesota, Missouri, Montana, North Dakota, Nebraska, Oklahoma, South Dakota, and Wyoming. Using the methodology described above, Macro Man reckons the US Government could raise $2.34 trillion. Good thing the euro’s so strong! You’ll agree that the price seems eminently reasonable…after all, it’s less than 50 times as much as InBev paid for Anheuser-Busch.

Macro Man continues on. The cash that could be raised in this method would be quite substantial.