Physical money is necessary for healthy economies but certain forms of virtual money like short selling and futures are abominations that have corrupted the entire global financial system.
Please note, the following poem is not a push for a gold standard, if anything it is against virtual currencies, because we (the greedy bastards and their politician mates) never learn the lessons of history .
October 05 23:16:35 1998 'The plea of Beibionn'
You can have your magic beans Jack
your children are hungry and we need the cow back.
The lack of just terms and equitable or fair pacts
expose all crooked beanstalks to concerted attacks.
Unless obsessive cycles are stopped in their tracks
our towns will again be as flat as tacks.
You have been too trusting Jack
your children’s futures remain black
while current problems compound through lack.
Struggle earnestly against the pack
repudiate rights to depreciatingly retract
as giants fortress lie ripe for sack.
For only fair shares of the golden goose Jack
will save beanstalks and giants from the axe.
Some light entertainment to finish off, the Global Economic Circus.
Roll Up, Roll Up one and all. In honor of the coming change in the tide of international economic rationalism, the 'Global Economic Circus' presents three New World Wonders for your amusement. No questions asked, no responsibility taken, no refund or guarantee implied warranted or given.
Ring 1 - Atomic Rocket Science Revealed
The new economic 'rocket science' is easy to understand once the amazing Atom Man weaves his magical spell. If Energy (E) equals Mass (M) times c squared and E also equals 'user paid' dollars (UP$) per M then c equals both the speed of light and the square root of UP$, for all M greater than zero, according to current global economic theory. This explains why light speeds faster wherever the power system fails (time slows down, because energy costs more, to compensate for the faster speed) and light runs more slowly in other locations where energy is cheaper and time runs much faster. It's so much easier now, isn't it.
Ring 2 - The Mobius Python
Jack the explorer and a 'brave' economist*, recreate their recent expedition into the darkest financial jungle. They have just spotted a massive python in the process of eating itself by the tail under a huge hedge of obfuscatia vine. The economist remarks on the reptiles 'exceptional growth rate' while the explorer retorts that 'the stupid snake would probably die when it eats over half of itself'. 'No chance of that' says the economist, 'all I need to do is slow down the rate a bit to guarantee sustainability'. With a stroke of ironic genius the economist moves closer and disturbs the previously engrossed reptile. The starving snake, realizing its folly, disentangled itself from its predicament, latches onto the economist and prepared itself for a real feast. *We have a conditional free offer of an inside ring seat for one economist during each and every performance.
Ring 3 - Frankenstein & Jekylls Cow
Dr's Frankenstein and Jekyll are two biologically inclined economists who have put together a cow that you can milk and eat at the same time as long as you keep on feeding it. Unfortunately, the cost of feed went up just before the show and they didn't realise that their monstrous cow had died until the milk soured and the audience got a bad dose of BSE/ME (Bloody Stupid Economist or Mad Economist) disease. We apologise for the lingering smell and any inconvenience caused.
Do you know of any better ‘acts’ around the world today?