Posts filed under 'Sick & Twsted'
A Primer On Fractional Reserve Banking
Q: What are banks for?
A: To make money.
Q: For the customers?
A: For the banks.
Q: Why doesn’t bank advertising mention this?
A: It would not be in good taste. But it is mentioned by implication in references to reserves of $249,000,000,000 or thereabouts. That is the money they have made.
Q: Out of the customers?
A: I suppose so.
Q: Th
ey also mention Assets of $500,000,000,000 or thereabouts. Have they made that too?
A: Not exactly. That is the money they use to make money.
Q: I see. And they keep it in a safe somewhere?
A: Not at all. They lend it to customers.
Q: Then they haven’t got it?
A: No.
Q: Then how is it Assets?
A: They maintain that it would be if they got it back.
Q: But they must have some money in a safe somewhere?
A: Yes, usually $500,000,000,000 or thereabouts. This is called Liabilities.
Q: But if they’ve got it, how can they be liable for it?
A: Because it isn’t theirs.
Q: Then why do they have it?
A: It has been lent to them by customers.
Q: You mean customers lend banks money?
A: In effect. They put money into their accounts, so it is really lent to the banks.
Q: And what do the banks do with it?
A: Lend it to other customers.
Q: But you said that money they lent to other people was Assets?
A: Yes.
Q: Then Assets and Liabilities must be the same thing?
A: You can’t really say that.
Q: But you’ve just said it! If I put $100 into my account the bank is liable to have to pay it back, so it’s Liabilities. But they go and lend it to someone else, and he is liable to have to pay it back, so it’s Assets. It’s the same $100 isn’t it?
A: Yes, but….
Q: Then it cancels out. It means, doesn’t it, that banks haven’t really any money at all?
A: Theoretically……
Q: Never mind theoretically! And if they haven’t any money, where do they get their Reserves of $249,000,000,000 or thereabouts??
A: I told you. That is the money they have made.
Q: How?
A: Well, when they lend your $100 to someone they charge him interest.
Q: How much?
A: It depends on the Bank Rate. Say five and a-half percent. That’s their profit.
Q: Why isn’t it my profit? Isn’t it my money?
A: It’s the theory of banking practice that………
Q: When I lend them my $100 why don’t I charge them interest?
A: You do.
Q: You don’t say. How much?
A: It depends on the Bank Rate. Say a half percent.
Q: Grasping of me, rather?
A: But that’s only if you’re not going to draw the money out again.
Q: But of course I’m going to draw the money out again! If I hadn’t wanted to draw it out again I could have buried it in the garden!
A: They wouldn’t like you to draw it out again.
Q: Why not? If I keep it there you say it’s a Liability. Wouldn’t they be glad if I reduced their Liabilities by removing it?
A: No. Because if you remove it they can’t lend it to anyone else.
Q: But if I wanted to remove it they’d have to let me?
A: Certainly.
Q: But suppose they’ve already lent it to another customer?
A: Then they’ll let you have some other customers money.
Q: But suppose he wants his too….and they’ve already let me have it?
A: You’re being purposely obtuse.
Q: I think I’m being acute. What if everyone wanted their money all at once?
A: It’s the theory of banking practice that they never would.
Q: So what banks bank on, is not having to meet their commitments?
A: I wouldn’t say that.
Q: Naturally. Well, if there’s nothing else you think you can tell me….?
A: Quite so. Now you can go off and open a banking account!
Q: Just one last question.
A: Of course.
Q: Wouldn’t I do better to go off and open up a bank?
-First published in the British humour magazine “Punch” on April 3, 1957
Add comment June 13, 2009
2008 Darwin Awards
2008 Darwin Awards
I know you’ve been waiting for them with baited breath, so without further ado, here are the 2008 Darwin awards.
Eighth Place
In Detroit , a 41-year-old m
n got stuck and drowned in two feet of water after squeezing head first through an 18-inch-wide sewer grate to retrieve his car keys.
Seventh Place
A 49-year-old San Francisco stockbroker, who ‘totally zoned when he ran,’ accidentally, jogged off a 100-foot high cliff on his daily run.
Sixth Place
While at the beach, Daniel Jones, 21, dug an 8 foot hole for protection from the wind and had been sitting in a beach chair at the bottom, when it collapsed, burying him beneath 5 feet of sand. People on the beach used their hands and shovels trying to get him out but could not reach him. It took rescue workers using heavy equipment almost an hour to free him. Jones was pronounced dead at a hospital.
Fifth Place
Santiago Alvarado, 24, was killed as he fell through the ceiling of a bicycle shop he was burglarizing. Death was caused when the long flashlight he had placed in his mouth to keep his hands free rammed into the base of his skull as he hit the floor.
Fourth Place
Sylvester Briddell, Jr., 26, was killed as he won a bet with friends who said he would not put a revolver loaded with four bullets into his mouth and pull the trigger.
Third Place
After stepping around a marked police patrol car parked at the front door, a man walked into H&J Leather & Firearms intent on robbing the store. The shop was full of customers and a uniformed officer was standing at the counter. Upon seeing the officer, the would-be robber announced a hold-up and fired a few wild shots from a target pistol. The officer and a clerk promptly returned fire, and several customers also drew their guns and fired. The robber was pronounced dead at the scene by Paramedics. Crime scene investigators located 47 expended cartridge cases in the shop. The subsequent autopsy revealed 23 gunshot wounds. Ballistics identified rounds from 7 different weapons. No one else was hurt.
HONORABLE MENTION
Paul Stiller, 47, and his wife Bonnie were bored just driving around at 2:00 A.M. so they lit a quarter stick of dynamite to toss out the window to see what would happen. Apparently they failed to notice the window was closed.
RUNNER UP
Kerry Bingham had been drinking with several friends when one of them said they knew a person who had bungee-jumped from a local bridge in the middle of traffic. The conversation grew more heated and at least 10 men trooped along the walkway of the bridge at 4:30 AM. Upon arrival at the midpoint of the bridge they discovered that no one had brought a bungee rope’s; Bingham, who had continued drinking, volunteered and pointed out that a coil of lineman’s cable, lay near by. They secured one end around Bingham’s leg and then tied the other to the bridge. His fall lasted 40 feet before the cable tightened and tore his foot off at the ankle.
He miraculously survived his fall into the icy water and was rescued by two nearby fishermen. Bingham’s foot was never located.
AND THE WINNER IS….
Zookeeper Friedrich Riesfeldt fed his constipated elephant 22 doses of animal laxative and more than a bushel of berries, figs and prunes before the plugged-up pachyderm finally got relief. Investigators say ill-fated Friedrich, 46, was attempting to give the ailing elephant an olive oil enema when the relieved beast unloaded. The sheer force of
the elephant’s unexpected defecation knocked Mr Riesfeldt to the ground where he struck his head on a rock as the elephant continued to evacuate 200 pounds of dung on top of him. It seems to be just one of those freak accidents that proves… ‘Shit happens’.
IT ALWAYS SEEMS IMPORTANT TO THANK THESE PEOPLE FOR REMOVING
THEMSELVES FROM THE GENE POOL…
Add comment January 6, 2009
Bad news, good news
The doctor said, ‘Joe, the good news is I can cure your headaches. The bad news is that it will require castration. You have a very rare condition, which causes your testicles to press on your spine and the pressure creates one hell of a headache. The only way to relieve the pressure is to remove the testicles.’
Joe was shocked and depressed. He wondered if he had anything to live for. He had no choice but to go under the knife.
When he left the hospital, he was without a headache for the first time in 20 years, but he felt like he was missing an important part of himself. As he walked down the street, he realized that he felt like a different person. He could make a new beginning and live a new life.
He saw a men’s clothing store and thought, ‘That’s what I need… a new suit.’
He entered the shop and told the salesman, ‘I’d like a new suit.’
The elderly tailor eyed him briefly and said, ‘Let’s see… size 44 long.’
Joe laughed, ‘That’s right, how did you know?’
‘Been in the business 60 years!’ the tailor said.
Joe tried on the suit, it fit perfectly. As Joe admired himself in the mirror, the salesman asked, ‘How about a new shirt?’
Joe thought for a moment and then said, ‘Sure.’
The salesman eyed Joe and said, ‘Let’s see, 34 sleeves and 16-1/2 neck.’
Joe was surprised, ‘That’s right, how did you know?
‘Been in the business 60 years.’
Joe tried on the shirt, and it fit perfectly.
Joe walked comfortably around the shop, and the salesman asked, ‘How about some new underwear?’
Joe thought for a moment and said, ‘Sure.’
The salesman said, ‘Let’s see… size 36.’
Joe laughed, ‘Ah ha! I got you. I’ve worn a size 34 since I was 18 years old.’
The salesman shook his head, ‘You can’t wear a size 34. A size 34 would press your testicles up against the base of your spine and give you one hell of a headache.’
Add comment August 22, 2008
The gimp was a pastor?
The decedent is clothed in a diving wet suit, a face mask which has a single vent for breathing, a rubberized head mask having an opening for the mouth and eyes, a second rubberized suit with suspenders, rubberized male underwear, hands and feet have diving gloves and slippers. There are numerous straps and cords restraining the decedent. There is a leather belt around the midriff. There is a series of ligatures extending from the hands to the feet. The hands are bound behind the back. The feet are tied to the hands. There are nylon ligatures holding these in place with leather straps about the wrists and ankles, There are plactic crods also tied about the hands and feet with a single plastic cord extending up to the head and surrounding the lower neck. There is a dildo in the anus covered with a condom.
Add comment October 9, 2007
