Re:Iceland close to bankruptcy
by noonespecial on Wednesday October 08, 2008 @04:03PM
(#327013)
Think of the value (real wealth) in the system (the farmers farming, etc) like ships. The financial system (the money, the credit, etc) like water.
We need both. If all of the water freezes, the ships are still technically there. The wealth still exists, but there's shit-all the boats can do but wait for the spring thaw if they're frozen in the ice.
Re:Iceland close to bankruptcy
by maxklein on Wednesday October 08, 2008 @04:50PM
(#327084)
Yes, but don't forget all the men standing round with hot water hoses. You think they'll just wait for nature to come thaw things out when they just need to turn on the hose?
We need both. If all of the water freezes, the ships are still technically there. The wealth still exists, but there's shit-all the boats can do but wait for the spring thaw if they're frozen in the ice.