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Showing posts with label another 15 billion for anglo. Show all posts
Showing posts with label another 15 billion for anglo. Show all posts

Tuesday, February 8, 2011

Casino Royale Pain in the Ass


It all got a bit complicated that time I opened a casino. Gamblers came and lost all their money. They lost their money and never came back and the casino looked like it was going to close down. So, here’s what I did, I gave the gamblers the money they lost back. Now, after I gave the gamblers all their money back it looked like the casino was still going to close down because I didn’t have any money left to pay the staff their wages. So, what did I do? I borrowed the money I needed to pay the staff from the gamblers, the same money I gave back to the gamblers in the first place. LOL! But guess what? The gamblers charged a huge rate of interest, not as much interest as the local loan shark would have charged but a pretty colossal rate of interest all the same. So, what did I do then? I reduced the staff’s wages. It was a drastic reduction, it had to be. It was barely a wage at all at the end of the day but it was still a wage. Most of the staff understood, they wanted to keep their jobs. Some of them were moaning though. They said the interest was too high and we’d never make a decent profit again. They said I could’ve just cut their wages to keep the casino running. They said if I did that I never would have needed to give back the money the gamblers lost in the first place. But I told them if I did that the gamblers could never have come back and we’d be back where we started. I drew a diagram on a white board and everything, to make my point clear. And here’s the funny part, all the arrows and graphs I put on the board kind of made a picture. When you stood back from the board a bit you could see it clearly. It was a picture of Sisyphus, he was pushing a rock up a mountain and the mountain was in Hell.

Going Forward, and backward, and forward, and backward, and forward, and backward, and. . .