Thecuriousmail’s Weblog


Posted in Uncategorized by thecuriousmail on May 22, 2010

Do you know what a derivative is?


It is a bet, a gamble, speculation, with intrinsically no value of its own, and yet  is by no means one of the more

esoteric financial instruments.

Question.   What was the value of the international derivative market last year??

A)    $600

B)    $600,000

C)    $600,000,000  (600 million)

D)    $600,000,000,000  (600 billion)

E)  $600,000,000,000,000 (600 trillion)

F)    They’re all crazy and why do we put up with their nonsense?

The GDP (the value of all goods and services) in Australia last year was about $1,000,000,000,000 (1 trillion).

Answer.   If you picked E or F you’re right.

Economics in the twenty-first century 101:

To be not so polite, sooner or later, those fools are going to fuck the lives of everyone. And globalization means

that there is an inter-dependency we cannot escape from. We’re co-dependents! on an endless roller-coaster ride.

Let me off.

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