Showing posts with label real. Show all posts
Showing posts with label real. Show all posts

Anthropologists Puzzle Over the Hobbit of Flores Island

Anthropologists say the Hobbit of Flores did exist.
The naysayers have had to accept that the Hobbit discovered on the island of Flores in Indonesia did exist. They survived until about 15,000 years ago. Anthropologists should have taken notice of local folklore. Stories were handed down to the present about tiny "people" raiding food crops at night.

Remains have been closely examined by scientists. It was a tiny version of Australopithecus a human predecessor which lived in Africa from 4.5 million to 2 million years ago. The creature grew to small stature because it was trapped on an island. Short legs made it hard for them to walk but they did nonetheless - large trees do not grow on Flores.
A Human compared to the Hobbit of Flores island in Indonesia
Despite having a small brain Homo floresiensis developed stone tools to a complexity equalled only by humans. Its teeth were closer to human teeth than any other ape-like pre-human. This accounts for its naming as homo rather than Australopithecus.

The real mystery about the Hobbit is how did it get so close to Australia?
There must have been an exodus out of Africa much like the one that occurred to humans. We obviously were not the first upright ape to spread out widely from its source. Anthropologists have recently accepted the hypothesis that Man lived alongside other bipedal apes. The chain-like evolution of the ape family is now in the waste paper bin.
 Anthropology by Ty Buchanan 
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THE HOBBIT LIVED!
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Who Do We Owe Money To? It isn't Real!

Everyone is in debt. That seems to be the case. But if we all owe money to whom are we indebted? Who are these fat cats who spend their days on the beach having cool drinks brought to them while they while away the time sunbathing?

If truth be known the money does not actually exist. It has been created in the books of independent and national banks. In centuries passed the local blacksmith acted as the bank. Gold, silver and promissory notes were left in his safe. He soon became aware that the "goods" left for safe keeping would not be taken out by the owner for a very long time, if ever. For storing the valuable minerals and promissory notes he gave promissory notes in return. This meant that he could create money. He could also give loans, a large part of which would return directly back because the debtor opened a new account.

When large private banks started, governments gave an assurance that a run on an institution would be protected by public money. We have seen how silly this concept has proved to be by the US and European governments bailing out private banks. Private debt has become public debt. This on top of the mushrooming private debt worldwide.

Much of Western debt is owed to China which buys US bonds. It is a mistake to believe that it wants the money back any time soon. If it did the world economy would grind to a halt. Then, who would buy its exports?

The real problem is economics. This social science is just theory. There are complicated models that do not apply to the real world, with demand and supply curves, meeting long term average costs and so on. Real business doesn't operate that way. There is not one model for cost plus 10 or 20 percent, or get it cheap and sell high until demand stops then throw the stuff out. That is how business really runs.

Note the supermarkets, they don't cut the price of everything that doesn't sell. They would rather throw it away than sell it. After all, they make the supplier take the loss. Economic advisers have not helped one government to balance the books. And the advice they are giving now to raise taxes and cut spending will surely prolong the recession. Cutting debt is like turning the water tap down - someone has to go without! Let's be honest much of this debt will never be paid. It doesn't really exist.
Economics by Ty Buchanan
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Society by Ty Buchanan
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