Showing posts with label cookienomics. Show all posts
Showing posts with label cookienomics. Show all posts

Monday, November 26, 2007

Cookiepedia...online banking...

...is readily available in Siberia at the phishing branch of most High Street banks for as little as $75. You will need two CD copies of the ID of 25 million people to set up your own branch or you can get details from a Russian-registered vendor "offering UK and US bank logins with 'good price and service!'" At some time of course you will need Money for online banking.
(Cookie's First Law: For most things you need money.)
(Cookie's Second Law: For most things Richard Branson always has money.)
(Cookie's Third Law: Try buying Branson's ID in Siberia.)
Money has been known to work as an aphrodisiac, especially in the part of Amsterdam to the left of the Damrak as you come from Centraal Station. It can also be exchanged for drugs, alcohol, coffee and chocolate. For these pleasures offline banking, or even better, hard cash is recommended. Hard cash is the kind that can be exchanged for drugs...etc.
Online banking, like blogging, has its health hazards but is very handy if you want to buy sexy underwear on eBay.

Sunday, November 18, 2007

No more dollars at the Taj Mahal...

...as India decides only rupees will do to visit the Mughal's jewel in the crown. In a word it's over for the dollar. The only question to be answered is will there be an orderly queue at the exit or a stampede. We are of course talking about Gresham's law "When there is a legal tender currency, bad money drives good money out of circulation." Or, more accurately, "Money overvalued by the State will drive money undervalued by the State out of circulation." Very simple really. So it's all over for the the dollar. China will quietly and slowly buy Euros and sell dollars. That's it really. Cookienomics for dummies. Soon we will see a spot market for oil priced in Euros in Rotterdam. Till that day comes keep your powder dry and hang onto your hats. There will be a bumpy ride ahead. Without a revaluation of China's Renminbi the country is facing fierce inflation. The only way out is to convert their foreign reserves into Euros and, as Japan did before, revalue their currency. So, bye, bye dollar, it was nice knowing you.