I guess the saver of these ancient gold coins had the equivalent of one too many Guinness and forgot where he hid them under the floor of this pub 700 years ago. Story of this recent find at Irish Central.
So much easier and safer to keep track of your monetary balances today via the modern information systems we have been able to develop since back then.
Even though we still today have no shortage of vestigial metal-fetishists who think that somehow the leprechaun's "pot-o-gold" would be a better way to issue, store and keep track of our savings. It's probably a safe assumption these humans are all members of the O'Moron clan.
All the St. Patrick's Day celebrators in the pubs this weekend don't have to worry about losing track of all of their savings if they have a few too many, as the balances are maintained on secure information accounting systems that comprise our modern banking system.
Drink up (your beverage of choice and moderation) and Happy St. Patrick's Day! ... With the knowledge that your monetary balances are safe... but please remember to take pubic transport (if it exists: "We're out of money!") or share a cab if indeed you have too many!
8 comments:
Thumbs-up for the "O'Moron" crack!
Let's ask the working class people of Cyprus how they like the illegal confiscation of private property their savings accounts by the central bank and the ECB, you wonder why people buried money in the back yard in 1929. End the fed.Stop the ponzi scheme and evil hidden tax of inflation on the purchasing power of working families so the pig ass bankers can have that extra jet to ride in. What a cesspool.
I think they meant 400 year old coins. Somebody did not know how to do arithmetic.
"Even though we still today have no shortage of vestigial metal-fetishists who think that somehow the leprechaun's "pot-o-gold" would be a better way to issue, store and keep track of our savings"
Hang on Matt, if people want to use their savings to buy gold why is that a problem?
y,
no problem there, (FD: I wear a 14kt band on my left hand ring finger;)
My point was to the use of gold as our "money" or monetary system...
Gold is certainly good for jewelry and industrial uses, etc... and will have a price in USD, etc...
rsp,
Bob,
That is an emerging tragedy over there in Cyprus.
It will probably have "ripple effects", Ive heard there are bank runs...
Look, if these people we have in control here in the US run this thing into the ground again even here in the US I would not put it past them to do a similar thing here if the FDIC is termed "out of money" by our US morons and a "TARP II" is deemed politically impossible...
this Cyprus thing with the "deposits for equity" has probably given them a new idea....
rsp,
I will go to my grave absolutely believing the whole purpose of the central bank is to enrich its cartel members, that is the real mission, how else can Corzine, Dimon and all the blood sucking vampire squids get away with theft, when an old man at Walmart tries to steal two cans of sardines get stopped by the cops. The mission of Greespan and Bernanke is very clear enrich the cartel members and screw everyone on the outside, we are the serfs, and this will end badly.
Bob,
There is a difference between the Fed and other central banks. Having senior private bank executives sitting on Fed committees is ridiculous: a central bank should be independent of private banks.
Certainly in the UK, and I think in most other countries, private bank executives just aren’t appointed to central bank committees. Those committees consist mainly of central bank staff, academic economists, etc.
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