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Saturday, June 20, 2009
Friday, June 19, 2009
Basic economic models
SOCIALISM You have 2 cows. You give one to your neighbor.
COMMUNISM You have 2 cows. The State takes both and gives you some milk.
FASCISM You have 2 cows. The State takes both and sells you some milk.
NAZISM You have 2 cows. The State takes both and shoots you.
BUREAUCRATISM You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away...
TRADITIONAL CAPITALISM You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
SURREALISM You have two giraffes. The government requires you to take harmonica lessons.
AN AMERICAN CORPORATION You have two cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to analyze why the cow has dropped dead.
ENRON VENTURE CAPITALISM You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public then buys your bull.
A FRENCH CORPORATION You have two cows. You go on strike, organize a riot, and block the roads, because you want three cows.
A JAPANESE CORPORATION You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create a clever cow cartoon image called 'Cowkimon' and market it worldwide.
A GERMAN CORPORATION You have two cows. You re-engineer them so they live for 100 years, eat once a month, and milk themselves.
AN ITALIAN CORPORATION You have two cows, but you don't know where they are. You decide to have lunch.
A RUSSIAN CORPORATION You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 2 cows. You stop counting cows and open another bottle of vodka.
A SWISS CORPORATION You have 5000 cows. None of them belong to you. You charge the owners for storing them.
A CHINESE CORPORATION You have two cows. You have 300 people milking them. You claim that you have full employment, and high bovine productivity. You arrest the newsman who reported the real situation.
AN INDIAN CORPORATION You have two cows. You worship them.
A BRITISH CORPORATION You have two cows. Both are mad.
AN IRAQI CORPORATION Everyone thinks you have lots of cows. You tell them that you have none. No-one believes you, so they bomb the **** **** out of you and invade your country. You still have no cows, but at least now you are part of Democracy....
AN AUSTRALIAN CORPORATION You have two cows. Business seems pretty good. You lose the office and go for a few beers to celebrate.
A NEW ZEALAND CORPORATION You have two cows. The one on the left looks very attractive.
THE SINGAPORE CORPORATION You have two cows - or maybe two gazillion cows? You don't let anybody know how big and fat or where they are. You hide them away for a rainy day. You hope that UBS and Citibank do not go bust - otherwise you will be back to just two cows again
THE LUXEMBOURGISH CORPORATION You have two cows - you forecast that cow birthrate increases over the next 20 years and that you will be able to convince cows to pay for social security - No need for a social security reform any more - You sell this to your electors and are elected for another 5 years ;)
COMMUNISM You have 2 cows. The State takes both and gives you some milk.
FASCISM You have 2 cows. The State takes both and sells you some milk.
NAZISM You have 2 cows. The State takes both and shoots you.
BUREAUCRATISM You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away...
TRADITIONAL CAPITALISM You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
SURREALISM You have two giraffes. The government requires you to take harmonica lessons.
AN AMERICAN CORPORATION You have two cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to analyze why the cow has dropped dead.
ENRON VENTURE CAPITALISM You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public then buys your bull.
A FRENCH CORPORATION You have two cows. You go on strike, organize a riot, and block the roads, because you want three cows.
A JAPANESE CORPORATION You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create a clever cow cartoon image called 'Cowkimon' and market it worldwide.
A GERMAN CORPORATION You have two cows. You re-engineer them so they live for 100 years, eat once a month, and milk themselves.
AN ITALIAN CORPORATION You have two cows, but you don't know where they are. You decide to have lunch.
A RUSSIAN CORPORATION You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 2 cows. You stop counting cows and open another bottle of vodka.
A SWISS CORPORATION You have 5000 cows. None of them belong to you. You charge the owners for storing them.
A CHINESE CORPORATION You have two cows. You have 300 people milking them. You claim that you have full employment, and high bovine productivity. You arrest the newsman who reported the real situation.
AN INDIAN CORPORATION You have two cows. You worship them.
A BRITISH CORPORATION You have two cows. Both are mad.
AN IRAQI CORPORATION Everyone thinks you have lots of cows. You tell them that you have none. No-one believes you, so they bomb the **** **** out of you and invade your country. You still have no cows, but at least now you are part of Democracy....
AN AUSTRALIAN CORPORATION You have two cows. Business seems pretty good. You lose the office and go for a few beers to celebrate.
A NEW ZEALAND CORPORATION You have two cows. The one on the left looks very attractive.
THE SINGAPORE CORPORATION You have two cows - or maybe two gazillion cows? You don't let anybody know how big and fat or where they are. You hide them away for a rainy day. You hope that UBS and Citibank do not go bust - otherwise you will be back to just two cows again
THE LUXEMBOURGISH CORPORATION You have two cows - you forecast that cow birthrate increases over the next 20 years and that you will be able to convince cows to pay for social security - No need for a social security reform any more - You sell this to your electors and are elected for another 5 years ;)
Tuesday, June 16, 2009
Monday, June 08, 2009
European Election results
http://www.elections2009-results.eu/
Have a special look at the results in Germany. SPD got their bill for messing with Luxembourg ;-)
Have a special look at the results in Germany. SPD got their bill for messing with Luxembourg ;-)
Wednesday, April 01, 2009
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