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#11
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What global finance crisis?
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#12
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What global finance crisis?
"Cheryl Isaak" wrote "Dawne Peterson" wrote: lucretiaborgia wrote "Barbara" wrote the prostitute has paid off her E100 debt to the hotel owner. Part of why Fred's story is interesting is that the banknote is not a real thing in the way the the things it is being used to pay for are real. So in its journey, the banknote represents pigs, time in a room, and whatever else people owed money for. The prostitute gave the hotel owner a piece of paper that by agreement is accepted as being equivalent to the value of however many hours she used the room for. So she is out of debt. So is the hotel owner, because he paid his meat supplier. The hotel owner has to give the money back to the tourist, because he has provided no services to the tourist. So he ends up with nothing in that transaction, but gave nothing to the tourist either. Everything is dependent on a convention that accepts currency as having an equivalance to real goods and services. Dawne We should go back to paying with shells, safer, you either have them, or you don't lol After sorting out some of my heaps of necklaces rings and stuff yesterday, I have to admit I would have been a prime target for people trading shiny bits for lands. Dawne Oh heavens - may I send that to my Mom. She has the hugest collection of shiny things, all from my father... C Ah, a kindred spirit. I wonder if I was a magpie in a previous life?? Dawne |
#13
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What global finance crisis?
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#14
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What global finance crisis?
On May 4, 12:41*pm, "Dawne Peterson" wrote:
After sorting out some of my heaps of necklaces rings and stuff yesterday, I have to admit I would have been a prime target for people trading shiny bits for lands. A friend of mine sells jewelry on Ebay. She also buys lots of jewelry in order to get the pieces she sells. She might buy a particular lot to get two or three pieces and end up with 20 she can't use. Anyhow, I want to use broken odd bits for collage, so she's been giving me the stuff she can't use. I had a huge bag of it and have had two different evenings sorting through this stuff with friends. Lots of entertainment, several people with bits they want for various projects, and 2 bags of stuff to take the local shelter's thrift store. And my friend is happy that all her extras provided such fun. Elizabeth |
#15
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What global finance crisis?
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