Miscellanea | International Jokes
1. Modern Economics
Amazing logic... This is a crazy world!
Japanese save a lot. They do not spend much. Also, Japan exports far
more than it imports. Has an annual trade surplus of over 100 billions.
Americans spend, and save little. Also
US imports more than it exports.
But where from do Americans get money to spend?
They borrow from Japan, China and even India.
India itself keeps its foreign currency
assets of over $50 billions in US securities. China has sunk over $160 billion
in US securities.
A Chinese economist asked a neat question. Who has invested more, US in China, or China in US? The US has invested in China less than half of what China has invested in US.
The same is the case with India. We
have invested in US over $50 billion.
Why the world is after US?
It's like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop. If the customer will not buy, the shop won't have business, unless the shopkeeper funds him. The US is like the lucky customer. And the world is like the helpless shopkeeper financier.
Who is America's biggest shopkeeper financier? Japan of course.
Hence, what is the lesson?
"Saving is sin, and spending is virtue."
But before you follow this Neo Economics, get some
fools to save so that you can borrow from them and spend !!!
2. Fixing a Fence
Three contractors are bidding to fix a broken fence at the No 10 Downing Street. One is an English worker, another is a Scottish worker, and the third one is an Indian worker. All three go with a No 10 official to examine the fence.
The English contractor takes out a tape measure and does some measuring, then works some figures with a pencil. "Well," he says, "I figure the job will run to about £500: £200 for materials, £200 for my crew and £100 profit for me."
The Scottish contractor also does some measuring, figuring, then says, "I can do this job for £600: £250 for materials, £250 for my crew and £100 profit for me."
The Indian contractor doesn't measure or
figure, but leans over to the No 10 official and whispers, "£1500." The
official, incredulous, says, "You didn't even measure like the other guys! How
did you come up with such a high figure?"
3. A Legend Passes Away....
Please join me in remembering a great icon. Veteran Pillsbury spokesman, The Pillsbury Doughboy, died yesterday of a severe yeast infection and complications from repeated pokes to the belly. He was 71.
Doughboy was buried in a slightly greased coffin.
The graveside was piled high with flours as longtime friend Aunt Jemima delivered the eulogy, describing the Doughboy as a man who "never knew how much he was kneaded." Doughboy rose quickly in show business, but his later life was filled with many turnovers. He was not considered a very smart cookie, wasting much of his dough on half-baked schemes. Despite being a little flaky at times, still, as a crusty old man, he was considered a roll model for millions.
Toward the end it was thought he'd rise
once again, but he was no tart.
Created by Sushma Gupta On May 27, 2001
Modified on 09/24/13