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Showing posts from March, 2008

Money is Debt

Wow, I new I was somewhat naive about money, but I didn't realize HOW naive. I kind of assumed there was a fixed amount of money that the federal reserve occasionally increased. But I had no idea that this only represented something like 5% of the "money" in circulation ---and that banks actually can produce money (at a ratio in the US of 9x the amount they loan e.g. "fractional reserve") Which blew another naive assumption I had about banks loaning based on their assets. This video was VERY educational. It's a shame this isn't taught in school. It explains a lot of things but man does it make a person think. Especially how economy is related to our plundering of resources and whether it could be different without these drivers.

Leaving Las Vegas

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Got back after midnight last night. Bone tired. Great trip! We left early for the conference to give us time to stop by Bryce canyon. A surreal experience. The rock formations at Bryce have an interesting legend (click the picture to zoom.) Bright-eyes and I invented stories about them coming to life on the night of a full moon and dancing in the valley. They allow night hikes through the canyon, which got us both thinking about another trip timed to check this out. After Bryce we left for Las Vegas, drove through the Dixie National Forest and at the top of a summit pass, standing on the edge of the mountain, you could hear the wind blowing in the valleys below. This is the music I'd like to capture in my flute. We kind of waffled our way through Las Vegas and found our hotel. I went to conferences for a few days and bright-eyes wandered around unsupervised but seemed to stay out of trouble. Mostly. We rendezvoused for lunches and hit the town on the evenings. Lots of glitter. And

Get in Shape while Sitting Down!

I want to go to a meeting where all the chairs around the table are this one.