<<money is ... electricity>>.
I can picture this scheme of modelling, because I understand electrical systems:
a. The system was originally designed for 3V 0.25 mAmp power supply, running a pair of speakers
Elmat: The circuit board a.k.a Bretton Woods Agreement was designed with coils, transistors and other discrete components. A maintenance team a.k.a G7 would constantly fine tuning, the capacitors, reactors and coils.
b. The boss Congress hooked two atomic reactors to the system, code named Fannie and Freddie
Elmat: As more and more appliances were connected to the circuits, there was need to increase the A of the system. Overheating? you switch on a small fan, then a small thermostat was added, a few LEDs to warn trouble to the Chief engineers a.k.a FED and central bankers
c. Uncle Greenspin removed the surge protectors, code named Monetary Prudence
Elmat: It comes to a point when the circuit couldn't cope with the new applainces connected to it, they weren't connect direclty by across a fast blown fuse. Once in a while, every 10 years in the case of LATAM, the fuse melted and caused what is called as debt crisis.
d. J6P consumers replaced the circuit breakers with a bit of borrowed coins called Debt, and
Elmat: The applainces hard wired to the circuit board, were totally useless, and were no longer useful (like a telex machine, electric type writers) but it was not possible to disconnect them else the cicuit board wouldn't work and they kept running albeit at 35 hours a week or doing pseudo-jobs until they would be 'early retired'.
e. DotCom investors replaced the speakers with an atomic bomb, code named Bubble.
Elmat: Now the circuit board can't no longer cope, No amount of fine tunning can keep it working. We see the smoke. Feel the heat and the smell of fenolite cause a terrible stench. Throwing away the circuit board ands strauing anew is on the horizon, but some still say that it would be a catastrophe if the circuit board is junked.
Now let's see what the thus newly improved system can do.
Chugs, Jay |
