Friday, June 05, 2009
Annals of bankruptcy: Anything can be worth something
When there are debts to be paid, almost anything can be an asset. Guano, for example, or cadavar parts.
1 Comments:
By 
, at
Fri Jun 05, 02:11:00 PM:
Guano was a highly valuable commodity in the 1800s. Guano was used as a key ingredient in fertilizer at a period in time in which increasing agricultural productivity was a high priority for our government. Witness the U.S. Guano Islands Act of 1856, which basically claimed as U.S. Territory any uninhabited island comprising Guano.
http://en.wikipedia.org/wiki/Guano_Islands_Act
It seems bizarre, but at least that Congress was acting to increase the standard of living of U.S. Citizens, which is a marked contrast with our current Congress, which appears hell-bent on destroying our standard of living.
