This and That

Sort by newest Sort by date
I can tell you this
It's gonna be 22 degrees tonight
and
that it will be 19 degrees tomorrow night and
that's
COLD
For Boiled Peanut GA!
BBBUUURRR!
transparent.gif​
 
WOW!~..That will freeze your banana plants..

71 here yesterday..Mowed the lawn..Global warming is being nice to us this year..last year I think we were in a blizzard.


BTW..Too bad for Georgia's loss to Michigan State..great ending with the 3-OT.
 
This is not intended to poke at anyone or any political group..this is just amazing..

Paul Harvey I listened to for years..and more times than not his was usually spot on..

The following commentary was broadcast 47 years ago.... April 3, 1965. It's short...less than 3 minutes.

 
Buster said:
This is not intended to poke at anyone or any political group..this is just amazing..

Paul Harvey I listened to for years..and more times than not his was usually spot on..

The following commentary was broadcast 47 years ago.... April 3, 1965. It's short...less than 3 minutes.

Click to expand...

Very interesting.
 
This is the 13 year anniversary of the Largest Tornado ever recorded on Earth, to date..I watched this monster pass within 1 mile of my home, I was to the North of it as it passed heading in a NE direction.

Watch the cradle to grave life of it;

 
Buster said:
This is the 13 year anniversary of the Largest Tornado ever recorded on Earth, to date..I watched this monster pass within 1 mile of my home, I was to the North of it as it passed heading in a NE direction.

Watch the cradle to grave life of it;

Click to expand...
That was one BIG SCARY Storm, you were a lucky Man.
 
James48843 said:
Click to expand...

the misconception and funny math start at the point where you "kept the other $1 for yourself."

that $1 is not yours to keep, and never was. it is a promissory note to repay, in this case to your parents. it is not an asset in your column, but a liability. a marker that represents an obligation to repay $0.5 to each of your parents. the $1 is, however, an asset in your lenders' column, no matter who is physically holding it. they issued it and they can demand it back at anytime (call the note), hence the notation "federal reserve note" emblazoned on top front of the fine linen.

so the math goes like this: -$100 from mom and dad, traded for a +$97 shirt, +$2 repaid to mom and dad, and +$1 due mom and dad held in reserve = $100. there's still only $100 of 'value' (if you can call it that) out there. the key is who is temporarily holding it. and when/how do they plan to settle the account.

you have a nice shirt (collateral) and a dollar (liability), your parents posses a debt instrument (asset) worth now $98. and if the issuer of currency decides to fire up the presses and give all the poor disadvantaged folks who can't afford their own shirts say $100 in stimulus to go buy shirts, then you can pay your parents back with the new notes.

that actually means that you now got two $97 shirts, mom and dad are paid off, and you have even more change left over (due to the federal reserve of course). but like all creditors, they at some point expect to recover their investment in your future, and when that time comes you may just 'lose your shirt', or shirts.

but because you enjoy the shirts (collateral) now, and had no practical intention or ability to repay the notes (debt) to mom and dad when you borrowed it, then who's the sucker?

burro econ 201.
 
Last edited:
burrocrat said:
the misconception and funny math start at the point where you "kept the other $1 for yourself."

that $1 is not yours to keep, and never was. it is a promissory note to repay, in this case to your parents. it is not an asset in your column, but a liability. a marker that represents an obligation to repay $0.5 to each of your parents. the $1 is, however, an asset in your lenders' column, no matter who is physically holding it. they issued it and they can demand it back at anytime (call the note), hence the notation "federal reserve note" emblazoned on top front of the fine linen.

so the math goes like this: -$100 from mom and dad, traded for a +$97 shirt, +$2 repaid to mom and dad, and +$1 due mom and dad held in reserve = $100. there's still only $100 of 'value' (if you can call it that) out there. the key is who is temporarily holding it. and when/how do they plan to settle the account.

you have a nice shirt (collateral) and a dollar (liability), your parents posses a debt instrument (asset) worth now $98. and if the issuer of currency decides to fire up the presses and give all the poor disadvantaged folks who can't afford their own shirts say $100 in stimulus to go buy shirts, then you can pay your parents back with the new notes.

that actually means that you now got two $97 shirts, mom and dad are paid off, and you have even more change left over (due to the federal reserve of course). but like all creditors, they at some point expect to recover their investment in your future, and when that time comes you may just 'lose your shirt', or shirts.

but because you enjoy the shirts (collateral) now, and had no practical intention or ability to repay the notes (debt) to mom and dad when you borrowed it, then who's the sucker?

burro econ 201.
Click to expand...

Excellent, but I don't think I understood it all... probably why my investment accounts are failing.. :)
 
burrocrat said:
the misconception and funny math start at the point where you "kept the other $1 for yourself."

that $1 is not yours to keep, and never was. it is a promissory note to repay, in this case to your parents. it is not an asset in your column, but a liability. a marker that represents an obligation to repay $0.5 to each of your parents. the $1 is, however, an asset in your lenders' column, no matter who is physically holding it. they issued it and they can demand it back at anytime (call the note), hence the notation "federal reserve note" emblazoned on top front of the fine linen.

so the math goes like this: -$100 from mom and dad, traded for a +$97 shirt, +$2 repaid to mom and dad, and +$1 due mom and dad held in reserve = $100. there's still only $100 of 'value' (if you can call it that) out there. the key is who is temporarily holding it. and when/how do they plan to settle the account.

you have a nice shirt (collateral) and a dollar (liability), your parents posses a debt instrument (asset) worth now $98. and if the issuer of currency decides to fire up the presses and give all the poor disadvantaged folks who can't afford their own shirts say $100 in stimulus to go buy shirts, then you can pay your parents back with the new notes.

that actually means that you now got two $97 shirts, mom and dad are paid off, and you have even more change left over (due to the federal reserve of course). but like all creditors, they at some point expect to recover their investment in your future, and when that time comes you may just 'lose your shirt', or shirts.

but because you enjoy the shirts (collateral) now, and had no practical intention or ability to repay the notes (debt) to mom and dad when you borrowed it, then who's the sucker?

burro econ 201.
Click to expand...

Haha, I like this exercise. I still remember when I was acting out of line as a kid and my parents were trying to get me to do something for them. My Dad would always win because he would say, "that's not your shirt. that's my shirt, I'm just letting you wear it while you empty the dishwasher, unless you'd like to give it back."
 
You must log in or register to reply here.

Similar threads

NewsFeeder
Freetrade, Britain's answer to Robinhood, says its CEO is stepping down
Replies
0
Views
573
NewsFeeder
NewsFeeder
NewsFeeder
St. Louis Fed President Bullard says he's stepping down in August
Replies
0
Views
122
NewsFeeder
NewsFeeder
NewsFeeder
IMF chief says there's no significant slowdown in lending and the Fed may need to do
Replies
0
Views
161
NewsFeeder
NewsFeeder
NewsFeeder
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing ma
Replies
0
Views
156
NewsFeeder
NewsFeeder
NewsFeeder
Stocks making the biggest moves after hours: Alphabet, Tesla, Visa and more
Replies
0
Views
114
NewsFeeder
NewsFeeder
Back
Top