Don't ask me GJ I am still miffed that with all that 'quantitative easing' I was not supplied with my own machine Was that too much to ask?

1st Law of Thermodynamics!!!!  

whoop!   I kinda get off on this!

does the 2nd law work with money..... 

2nd Law =  no energy transfer is 100% efficient... some energy is always lost in the transfer... emitted in the form of heat...

so.... no money transfer is 100% efficient (I'd agree with that... but then I am with bloody Barclays)...  some money is always lost in the transfer in the form of my bank being a robbing bunch of gits!


Yes.. I'd say it works!

Oh god...... my son does Economics and explained to me last week how theoretically the banks can "create" money by lending and re-lending. It blew my mind.....and I couldn't get my head around how it worked because it seemed to be independent of repayments. (or maybe I misunderstood)

Mind you..... judging by the banking crisis maybe it doesn't work after all.

An earlier attempt at testing the theory...

Its quite an interesting thought though that all money is based on gold isn't it?  Which cannot be created (or destroyed???)

Not strictly true but you would need a very large amount of aqua regia. Like any other element the gold atoms are never created nor destroyed but are taken into solution as  gold salts.
Though I suspect that the boffins with their famous Hardon collider are working out how to create Gold at this very moment.

If you can convince someone it's money then it's money

Sorry for the lack of nutritional value.

 best typo ever.

Very true...

http://www.pennylicious.com/20...jsg-boggs-art-money/

I thought that quantative easing was the term given to taking money from us rich people and giving it in bonuses to the desparately poor bankers.

Nice one Eugene's Lair!!!!!!!!!!!!

My brain is not equipped for this thread.

 Same here. Good to see you back Leccy  

Thanks Scotty

I wouldn't place a bet on it.

I don't really understand why they don't just print more money

I love the laws of thermodynamics, we were taught them as if they were american baseball though: 

you can't win...you can't break even...you can't stay out of the game.

*hed esplodes*

This is quite enlightening >Money as Debt (1 of 5)<

I washed my jeans and the fiver in the pocket got well-and-truly destroyed
No ecomonist can regenerate that

**goes to get Mrs Joe's SKYPE headphones**

If you take it to the bank they should.

Yeah renton, as long as you have the two bits of serial numbers, I seem to recall.

When I was a kid my dad dropped a big bundle of money on the green in our close, he realised he'd done it as the council gardener on his sit on lawn mower drove right over it

The bank replaced most of it but he was still a hundred quid or so down.

Twas mashed to shreds

Take the shreds in then. I'm sure that they have some way of doing it.

http://www.walletpop.co.uk/200...-damaged-bank-notes/

Ah! The money supply. MO MB to MZb....throw in a few marginals, some differentials, mix well, boil till equilibrium and then go back to using groats. It's all smoke, mirrors and creativity GJ.

I remember my mother washing two fivers (in the days when fivers were worth a lot more than today) in the old man's jeans pocket.
The bank looked at what was left, decided it was two fivers, and replaced them.

I always thought that was the one that said "the degree of entropy (randomness) in the universe tends towards a maximum order".
Which explained the state of my teenage bedroom.

...and give some to meeeeeeeee.......

...seriously though, didn't they do that somewhere like Zimbabwe years ago, the money then effectively became worthless. I'm sure GJ or someone may be able to explain this, this thread is far too much for me to get my minute brain around

Whilst on the subject, can anyone explain where my money disappears to when I do a bank Transfer....seems to get lost for a couple of days in cyberspace....

 People were using it as toilet paper and fire kindling, because it was cheaper to do that than buy bog roll and firewood.

Bliddy hell I did read also that things such as loaves of bread were actually better currency to trade with than money was

Official name 'Clearing'....common parlance 'Swiping'. Banks make gazillions for those few days, necessary in the quill pen and parchment days, rendered redundant by a click of a mouse.

I've never been on a short, rejuvenating break to the Cayman Islands, but I'll bet some of my money has

Blahhhhhhahahahaha.......

I'll bet they do! Swines!

Not just Zimbabwe DiD they have been doing it here for the last few months too.

...they've not sent any my way though!!!!! lol.....