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Michael A. Terrell Michael A. Terrell is offline
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Default Post TEOTWAWKI economics was Make your predictions, experts


pyotr filipivich wrote:

"Michael A. Terrell" on Mon, 12 Nov 2012
18:44:30 -0500 typed in rec.crafts.metalworking the following:

pyotr filipivich wrote:

Way back in the early 1800, it was discovered that the Natives
along the Puget Sound were quite eager to get their hands on iron - in
any form. So a consortium loaded a ship with all the scrap iron in
Boston they could stuff in a ship, and shipped it around the horn to
what is now "Seattle". And traded all that scrap for fur pelts.
Both sides got rid of "useless stuff" in exchange for "really
valuable" stuff. Ripped them off badly.

If they will take a lot of useless "stuff" in exchange for useful
stuff, who am I to complain? Example, the Indians who "sold"
Manhattan to the Dutch in exchange for "$24 in junk jewelry" -
actually were selling their transit rights - the island wasn't theirs
to sell. Yep, the Indians ripped off the white men.


Well, it was already a bad neighborhood, with no electricity.


Yes, but that wasn't the Indian's fault...



Well, they did try to pay their electric bill with reject pelts...