Colyp's re-emergence from the ethersphere caused me to reflect upon his contributions to the fields of economics and money-stuff.
As you all know, Colyp is famous for his intricate system of credit card cash advances whereby a person takes a cash advance from one credit company in order to make his monthly payment to another. I believe he may have won a Noble Prize for his ground-breaking work in this respect.
Initially discounted as foolhardy, the Colyp school of financial money has now earned general acceptance as the proper way to finance a society.
News reports often lament that the US credit card debt is approx. $1T ($1x10(12th)). With 2.7 x 10(8th) people, this only amounts to less than $4k per person. By contrast, the current national debt is $9.3T and is almost $60T if one includes unfunded Medicaid and Social Security obligations. This would seem unmanageable unless one were to buy into the Colyp school of financial money. Then, it all makes sense.
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3 comments:
Colyp's school of Financial Money is well-described in a book I just finished called "Greenspan's Bubbles: the Age of Ignorance at the Federal Reserve". It is 187 pages long, and even I was able to understand it. I would highly recommend it to anyone who either has money or owes money or any combination of the two previous conditions.
It is safe to say that I know nothing of money/finances/economics, but the book actually made me understand the Colyps of our government and the wickedness of their ways. [Author's note: Colyp has re-established financial credibility since the days of the formerly bankrupt Banco D'Al. He actually is building wealth, despite his emulation of our government. Let's hope the government is as successful]
The book is a beautiful maternal-barge-in-during-the-act to Alan Greenspan's masturbatory autobiography "The Age of Turbulence"
Hi OneEar,
If the average person handled their personal finances like the government, they’d be forced to declare bankruptcy. The national debt continues to mount, with no end in sight….
DBok, thank you for the recommendation, but I try to avoid "reading."
Litzi, please do not lose confidence in our financial system. If we all pull together, we can consume our way out of this mess. As the Underminers always say, "there is no hole that you can't dig yourself out of."
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