7 Billion lost

Bruv · 01-24-2008, 10:24 PM

The losses spiraled to 4.9 billion euros ($7.1 billion) -- nearly its net profit in 2006

How can you loose this amount of money ?

Sweetpea · 01-25-2008, 05:30 AM

I've probably spent that much on wine over the years.

The Relic · 01-30-2008, 01:11 AM

"Money" as such doesn't really exist anyway.

Reading John Kenneth Galbraith taught me a lot about capitalism, not least that money is an abstract, a convenience we use notionally for trading materials, goods and services that may or may not exist and which can even be used to buy versions of itself. Think about it: traders ascribe one value to it one day and another the next, often simply because they are feeling antsy. What happened to it between days that made it so different?

Bruv · 01-30-2008, 09:22 PM

Tell them that at the checkout in Tescos.

skinny · 01-31-2008, 12:50 PM

Quote:

Originally Posted by The Relic

"Money" as such doesn't really exist anyway.

Reading John Kenneth Galbraith taught me a lot about capitalism, not least that money is an abstract, a convenience we use notionally for trading materials, goods and services that may or may not exist and which can even be used to buy versions of itself. Think about it: traders ascribe one value to it one day and another the next, often simply because they are feeling antsy. What happened to it between days that made it so different?

Just like old times, every time i read one of your posts i have to get the dictionary out...thanks...antsy? got it.

There are people better informed than me to explain about the economical values of money. Yes the people dealing make decisions on the worth of money, but some one's gotta do it.

I think i know what you mean but what would we do without it, start bartering with packets of beans and bundles of firewood? What would be your alternative Relic?

Similar to what Bruv said, tell the bailiffs that money doesn't exist when they are at your door, metaphorically speaking of course.

skinny · 03-02-2008, 05:13 PM

Quote:

Originally Posted by The Relic

"Money" as such doesn't really exist anyway.

Reading John Kenneth Galbraith taught me a lot about capitalism, not least that money is an abstract, a convenience we use notionally for trading materials, goods and services that may or may not exist and which can even be used to buy versions of itself. Think about it: traders ascribe one value to it one day and another the next, often simply because they are feeling antsy. What happened to it between days that made it so different?

Man who aimed to walk to India forced to quit - Telegraph

What a pair of idiots!!