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.


By Anonymous Anonymous, 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.


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.  

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