I've just been discussing the astronomical losses involved in the Lehman Bros bankruptcy. (yes, instead of working.)
A colleague's back-of-the-napkin calculations showed that, on a level we can understand, the devaluation of their assets is the equivalent of my having $450 in my bank account, and going to the bank and discovering that all of it had evaporated except for 15 cents.
As one other colleague said: Hey, I'd be so pisssed off if that happened!
Indeed.
It's not much a stretch to go from that image to those 1920s Germans* buying a loaf of bread with a wheelbarrow full of cash.
(*or 2008 Zimbabweans)
We're freakin' doomed, aren't we?
6 comments:
yup
time to start a-hordin' canned food 'n' bullets
shut up, you're burstin' my bubble. N.
Don't come crying to me when doom arrives. I'll be in my bunker.
....hmmm, should I be cashing in all my term deposits and RRSPs and keeping the money in a big pillow case...
JAW fan
Somebody asked that on "Larry King" last night, and the answer is no, don't do that. What if one of your co-owners burns the building down?
...umm, did I forget to mention that I will be carrying my pillow case wherever I go?
JAW fan
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