Posts Tagged ‘barter’

Goats and Money

September 23, 2008

[Nothing’s more fun than starting off with a bunch of disclaimers, right?]

[The following does not address the US and global credit-crunch/mortgage-backed-securities-meltdown/Three-Hundred-Billion-Card-Monte-Scheme that is ongoing even as I post; not because I don’t understand it (I don’t, but I’ve never let that stop me yet); but because I can think of nothing more outrageous or nonsensical to say about it than what is already being reported as hard fact in the New York Times.]

[Nor does the following, which is purely hypothetical, bear any relation to anyone’s real financial status and/or dealings. Unless, by purest coincidence, it does, because I know nothing about said statuses and dealings and wouldn’t be able to tell.]

[The same goes for livestock values.]

Delores Loves Hydrangeas

Delores Loves Hydrangeas

 

Okay, so –

My friend Alfie works in the greater Washington area, owns her own home, and does not particularly care for hydrangeas. 

Let’s say that her house is worth some number of items for potential barter, say, 2500 goats (unneutered yearling milking nannies in good health; for further details, see fine print). Since Alfie & Mr. Alfie had saved and traded carefully for several years, they had 500 goats to buy the house with, and they were able to borrow the other 2000 goats from the Bank Of Seat Pleasant (at a fixed interest rate of 200 goats per annum). Thus Alfie’s house payments are 20 goats per month, at which rate she will have paid off the mortgage sometime after all the present goats have gone to goatie heaven. 

So what does the Bank of Seat Pleasant do with a bunch of goats?

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