tag:blogger.com,1999:blog-2094379750831310333.post5123601544404571544..comments2023-12-01T04:51:31.087-08:00Comments on Don't Feed The Pixies: Confidence is a preference…Don't Feed The Pixieshttp://www.blogger.com/profile/05380146661526476947noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2094379750831310333.post-25752742528644572052008-10-31T23:26:00.000-07:002008-10-31T23:26:00.000-07:00yes, i don't understand this stuff at all - and so...yes, i don't understand this stuff at all - and so the most recent money scare really didn't scare me at all. it's kind of like the whole power of belief concept that you wrote about a couple of weeks ago ...Roxannehttps://www.blogger.com/profile/13370629307564806889noreply@blogger.comtag:blogger.com,1999:blog-2094379750831310333.post-30235624508508902802008-10-29T01:43:00.000-07:002008-10-29T01:43:00.000-07:00Lydia - that's an interesting line of thought: the...Lydia - that's an interesting line of thought: the unfulfiled promises those documents contain<BR/><BR/>Samuria - there was a case in the UK of a man who received post addressed to his parrot and took out the promised credit card accordingly. Exactly who is to blame there? Admittedly the man should have been honest, but then the bank should have checked what species they were mailing...Don't Feed The Pixieshttps://www.blogger.com/profile/05380146661526476947noreply@blogger.comtag:blogger.com,1999:blog-2094379750831310333.post-76881886490611677252008-10-28T06:20:00.000-07:002008-10-28T06:20:00.000-07:00Yes, yes, of course. A monetary note has no intris...Yes, yes, of course. A monetary note has no intrisic value in itself and neither does the digital space in bank databases that hold the numeric value representing your bank account. They are just means, something to trade in for other objects. A sort of.....materialistic power, if you will.<BR/><BR/>Here (in America), I can identify a few factors of our economic crash. There is the Keating 5 fiasco, where McCain was being paid to keep regulators off of John Keating's back while he did corrupt, faulty investing moves. There's also smaller things like a family that was recently in the news because they formed a false mortgage loan company, gave banks the addresses of a bunch of people who were "applying" for loans, then took said loans and made off with them somewhere else out of the country.<BR/><BR/>I think, when people take the pounds for nothing more than a confidence trick or a means, a function, it is ok. When people start to worship the material power those notes bring, problems arise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2094379750831310333.post-59584928316072607582008-10-28T01:51:00.000-07:002008-10-28T01:51:00.000-07:00Great essay. You pegged it. In a trunk upstairs I ...Great essay. You pegged it. In a trunk upstairs I have a leather satchel that belonged to my grandfather in the early 1900s. It's loaded with the most artistic, colorful huge-sized stock certificates. They're worthless and I wonder what unrealized dreams they represent....Lydiahttps://www.blogger.com/profile/11135393270656573516noreply@blogger.comtag:blogger.com,1999:blog-2094379750831310333.post-31678458472057031352008-10-28T01:31:00.000-07:002008-10-28T01:31:00.000-07:00Pete - i like the analogy of the fish!One thing i ...Pete - i like the analogy of the fish!<BR/><BR/>One thing i forgot to mention in this post was that i heard an urban myth about a woman who went on ebay and sold shares in her pen - one million shares at £1 a time (buyers got sent an email certificate to print). I just think this underlines the idea that something is only worth a set amount because we say it isDon't Feed The Pixieshttps://www.blogger.com/profile/05380146661526476947noreply@blogger.comtag:blogger.com,1999:blog-2094379750831310333.post-80341337284304892232008-10-27T11:23:00.000-07:002008-10-27T11:23:00.000-07:00True. Moreover, what strikes me as surreal about "...True. Moreover, what strikes me as surreal about "the meltdown" (another term being bandied about here) is that its causes are just as nebulous as the sleight of hand trick you mention. It's based on nothing real, nothing actually productive; it arises from fears, perceptions, and second-guessing, all of which are self-fulfilling. A former NZ Prime Minister once famously described the money wranglers as "reef fish" — unable to act individually, each following the others. Maybe, in the long run (or even in the shorter term), the upheaval will prove to be just what we need to get the great mass of people thinking about what's truly important. <BR/><BR/>I'm not holding my breath, though.<BR/><BR/>Mmm... floor sandwich. No, wait... Skip the floor bit. ;^)pohanginapetehttps://www.blogger.com/profile/11463792721091291063noreply@blogger.com