IAEA Forms Nuclear Fuel Bank 224
Kemeno writes "The International Atomic Energy Agency voted on Friday to form a nuclear fuel bank to help developing countries acquire nuclear fuel without having to enrich uranium themselves. Warren Buffet contributed 50 million dollars to a pool of 150 million with contributions from many different countries. The goal of the program is to provide countries with a source of low-grade enriched uranium suitable for fueling reactors but not for creating nuclear weapons."
Re:IKEA forms nuclear fuel bank (Score:5, Funny)
Good for consumer bad for banks (Score:2, Funny)
When there is deflation, this is good for the consumer as he or she gets more product per dollar. When there is inflation the opposite is true.
Since we know nuclear fuel has a half-life, the currency these banks base their loans upon is deflating... While this is a bad thing for the bank, with a well supported backing this can only be good for the consumer!
A deflating currency is a great investment, even if only in the short term. And regardless of the demand, it naturally will deflate!
Half-life economics, brilliant!