Profile

Cover photo
Shane Fiek
Works at Telesphere Networks
Attended Scottsdale Community College
Lived in Scottsdale, AZ
348 followers|852,118 views
AboutPostsPhotosYouTube+1'sReviews

Stream

Shane Fiek

Shared publicly  - 
 
+Tanner Postert  Divine messages in fruits?
1

Shane Fiek

Shared publicly  - 
 
I'd like to hear +Brian Paulsen​ ​and +Joe Sevenees​ opinion on this piece
 
I was not able to determine the original author, otherwise I would offer proper credit.

Economics 101

MARY is the proprietor of a bar in Dublin. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar – she will go broke.


To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later.

She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Mary's 'drink now, pay later' marketing strategy and, as a result, increasing numbers of customers flood into Mary's bar.

Soon she has the largest sales volume for any bar in Dublin — all is starting By providing her customers freedom from immediate payment demands Mary gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages.

Consequently, Mary's gross sales volume increases massively.

A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Mary's borrowing limit.

He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

At the bank's corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into Drinkbonds and Alkibonds. These securities are then bundled and traded on international security markets.

The new investors don't really understand that the securities being sold to them as 'AAA' secured bonds are really the debts of unemployed alcoholics. They have had a 'rating house' certify they are of good quality.

Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Mary's bar. He so informs Mary to look rosy.
Mary then demands payment from her alcoholic patrons, but, being unemployed alcoholics, they cannot pay back their drinking debts.

Since Mary cannot fulfill her loan obligations she is forced into bankruptcy. So she now is broke.

The bar closes and the 11 employees lose their jobs.

Overnight, Drinkbonds and Alkibonds drop in price by 90%.

The collapsed bond asset value destroys the bank's liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Mary's bar had granted her generous payment extensions and had invested their firms' pension funds in the various Bond securities. They find they are now faced with having to write-off her bad debt and with losing over 90% of the presumed value of the bonds.

Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations. Her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion euro, no-strings attached cash infusion from their cronies in government.

The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who have never been in Mary's bar.

Now, do you understand economics?
5 comments on original post
1
Shane Fiek's profile photoDavid Nelson's profile photoJoe Sevenees's profile photoBrian Paulsen's profile photo
8 comments
 
This is a cash flow problem. Mary is trading her inventory for notes receivable. I assume she is trading cash for more inventory. If her business is to last she must get value for these notes:
1) collect on them, which is unlikely
2) trade them to the supplier for inventory, she will soon need a new supplier
3) best solution: convince others to loan to her patrons so these notes don't hurt her cash flow or supply chain.


Brian Paulsen
STARS
Cell 480.221.2573
Fax 888.957.8277

Shane Fiek

Shared publicly  - 
 
 ·  Translate
Imgur: full of all the magic and wonders of the Internet.
1

Shane Fiek

Shared publicly  - 
 
Biggest terrorist group in the world
1
David Nelson's profile photoMichael Ringland's profile photo
2 comments
 
no, +David Nelson this is history. If we don't learn anything we get to live it again, like Groundhog day - but the nightmare version.

Shane Fiek

Shared publicly  - 
 
This is what I was trying to talk about +Tanner Postert 
1

Shane Fiek

Shared publicly  - 
 
That's your boy, +Max Dominguez
 
Basically the reason why the fight wasn't competitive.
"Im not worried about Mayweather "
"Oscar and Cotto were harder fights"
"God will deliver him into my hands"

Smh Pacquiao came into the biggest fight in his career mentally unprepared . And as Floyd always says "boxing Is 90 percent mental" and Manny got simply outclassed and outboxed when that shouldn't have been the story. 
1
Have him in circles
348 people
Marc Bergman's profile photo
Yan Gilbert's profile photo
Antonia Gerard's profile photo
Ali Fahim's profile photo
James Jeffley's profile photo
Александр Васильевич Шацкий's profile photo
LD Williams's profile photo
TED's profile photo
vicky vicky's profile photo

Shane Fiek

Shared publicly  - 
 
Beautiful song and video. 
1

Shane Fiek

Shared publicly  - 
 
Videos like this are making me into one of those crazy "BUY GOLD!" people like +Brian Paulsen 
1
David Nelson's profile photo
 
This was actually a good video.. I always have a zero balance..

Shane Fiek

Shared publicly  - 
 
Wait, are we the bad guys?
1
David Nelson's profile photo
 
This is CRaP

Shane Fiek

Shared publicly  - 
1

Shane Fiek

Shared publicly  - 
 
When are we going +Adam Thompson​, +Yesenia Fiek​?
 
From the dizzy heights of the Burj Khalifa to relaxing on Jumeirah Beach, here's our top 15 things to enjoy on a holiday to Dubai.
View original post
1
Adam Thompson's profile photo
2 comments
 
but I just wanna go cuz I love Chicago.  You guys should hang out with us there!
People
Have him in circles
348 people
Marc Bergman's profile photo
Yan Gilbert's profile photo
Antonia Gerard's profile photo
Ali Fahim's profile photo
James Jeffley's profile photo
Александр Васильевич Шацкий's profile photo
LD Williams's profile photo
TED's profile photo
vicky vicky's profile photo
Work
Occupation
Telecom
Employment
  • Telesphere Networks
    Provisioning, 2008 - present
  • Circuit City
    Firedog, 2004 - 2008
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Previously
Scottsdale, AZ - Rochester, MN
Links
YouTube
Story
Tagline
Husband, dog owner, Arizona resident.
Introduction
I live in Arizona.  I'm fascinated by science, religion, animals and the usual pictures of cats on the internet.  I'm married to a wonderful woman, and am the proud owner of a big stupid lovable English Mastiff.
Education
  • Scottsdale Community College
    2005 - 2007
Basic Information
Gender
Male
Shane Fiek's +1's are the things they like, agree with, or want to recommend.
Feral House
feralhouse.com

This stunning compendium reveals the life and work of Hollywood photographer William Mortensen, the unsung pioneer of the “American Grotesqu

Nightweb
market.android.com

Nightweb connects your Android device to an anonymous, peer-to-peer social network. You can write posts and share photos, and your followers

Google+ - Apps on Android Market
market.android.com

Real-life sharing rethought for the web, wherever you are. Google+ for mobile makes sharing the right things with the right people a lot sim

Google Earth
market.android.com

Explore the world from the palm of your hand with Google Earth. Use Google Earth to fly around the planet with the swipe of a finger. Explor

Mint.com Personal Finance
market.android.com

Track, budget, and manage your money with Mint.com for Android. ACCOLADES * Lifehacker, Best Mobile Personal Finance Tool (Jan 2012) * PC Ma

AnonPlus - The Anonymous Social Networking Site.
anonplus.com

social networking anonymously. Welcome to Anonplus.com the Anonymous Social Networking site .-. .-. .-. .-. .-. .-. .-. 10110\0010101\001110

Total Wine & More
plus.google.com

America's Wine Superstore. 8,000 Wines. 3,000 Spirits. 2,500 Beers.

Twitter
market.android.com

Official Twitter app for Android. Follow your interests: instant updates from your friends, industry experts, favorite celebrities, and what

Watch Now - Al Jazeera English
www.aljazeera.com

Broadcast Schedule. Broadcast Schedule. How to watch Al Jazeera English on TV. How to watch Al Jazeera English on TV. How to watch Al Jazeer

TweetCaster for Twitter
market.android.com

TweetCaster is the #1 Android Twitter app with the most innovative features! TweetCaster is the #1 Twitter app for Android and the ONLY app

INCIDENTAL COMICS: The Art of Living
thoughtballoonhelium.blogspot.com

Posted by Grant at 6:01 AM Labels: art, Delayed Karma, idealism, Kansas City Star, realism, surrealism · Email ThisBlogThis!Share to Twitter

Google Maps
market.android.com

Download the latest release of Google Maps, and never carry a paper map again. Get Google Maps with Navigation (Beta), Places, and Latitude

Phoenix’s Street of Dreams: The Visual Extravaganza that was Van Buren -...
feeds.boingboing.net

THIS IS AN AD. THIS IS THE HARD-WORKING STAFF ↓. Jason Weisberger Publisher-at-Large. Ken Snider Sysadmin. Dean Putney Developer. Antinous L

Adjust a car's sideview mirrors to eliminate blind spots - Boing Boing
feeds.boingboing.net

THIS IS AN AD. THIS IS THE HARD-WORKING STAFF ↓. Jason Weisberger Publisher-at-Large. Ken Snider Sysadmin. Dean Putney Developer. Antinous L

DOJ to America: we won't reveal the circumstances under which you can be...
feeds.boingboing.net

THIS IS AN AD. THIS IS THE HARD-WORKING STAFF ↓. Jason Weisberger Publisher-at-Large. Ken Snider Sysadmin. Dean Putney Developer. Antinous L

xkcd: Writing Styles
xkcd.com

< Prev · Random; Next >; >|. Permanent link to this comic: http://xkcd.com/1083/ Image URL (for hotlinking/embedding): http://imgs.xkcd.com/

YouTube - Mark Twain and Satan
www.youtube.com

Create AccountSign In. Home. BrowseMoviesUpload. Hey there, this is not a commercial interruption. You're using an outdated browser, whi

I had my vehicle serviced at this location - oil change, tire rotation, etc. They were all very kind and helpful, and had the work done in about an hour (which is what they quoted me). They do have a small waiting area with bottled water and hot coffee, but I was a little bummed that there were no bagels, donuts, or any other kinds of snacks.
Public - 4 months ago
reviewed 4 months ago
1 review
Map
Map
Map