Friday, November 9, 2007

And so it ends

Alas, for three of importance exams have come and gone.
This means an increased supply of thought for food for the rest of you.
Unfortunately for the world one superpower has yet to complete the exams.
VG.
Until he has finished we cannot rest.
But alas, the end of nemesis Paul Crompton's reign as supreme ruiner of everything economics has come to an end, and must now pass back to Cale as supreme ruiner of everything in general.
This power changeover aside, the question remains: Paul Crompton, Macro or Micro......or Cunt?
You Decide ;)
I found a fantastic passage in Crompton et. Al whilst studying one late friday night:
"Balance of payments accounts are maintained according to the principles of double-entry bookkeeping."
In case one reading this was unaware of what double entry bookkeeping was, Crompton or et Al provides an explanation:
"Entries on one side of the ledger are called debits and entries on the other side are called credits."
This second explanation, clearing up all confusion in regards to exactly what double entry bookkeeping is, helps to solidify the introduction of what keeps the Balance of Payments in balance. Although Crompton goes on to suggest Supply and Demand of Currency on the FOREX market, it remains in balance because the left side equals the right side. Your "Credits" equal your "Debits".
The left hand knows what the right hand is doing.
Pretty simple really.
Hence therefore, all of you motherfuckers complaining about how difficult ECON1102 is should toughen the fuck up and realise that international finance is based on one simple fact: the left hand side equals the right hand side.
QED

Second point of order: bellicose - adjective - demonstrating aggression and willingness to fight.
what a fantastic word

VG uses it,
Do you?

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