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Cologne, May 27 dpa - The U. S. dollar is undervalued against the Deutsch-mark based on how many "Big Mac" hamburger sandwiches the two currencies can purchase, said one of Germany`s leading institutes.
The Institute of the German Economy (IW) in Cologne noted that the popular sandwich by the McDonald`s restaurant chain is increasingly being used by economists around the world as a measure of currencies` relative purchasing power.
The institute said that currency exchange rates are often unreliable as an instrument to measure purchasing power. At the same time, "baskets" of products used to arrive at comparative purchasing power are complicated to compile.
A simple alternative, now that McDonald`s has spread to virtually every country on earth, has become to look at what a Big Mac costs, the IW said.
"A particularly hungry American can buy five Big Macs for 11 dollars. If he exchanged the money into Deutsch-marks, his 18 marks in Germany more...
A loud American, looking for properties to buy out in Australia is in the bar of the Railway Hotel.
"Yeah, ma'am" he says to the barmaid " ah'm looking to buy me a ranch- stations, you call them, so they tell me. Ah come from Texas and ah'm looking for a big spread because where I come from in Texas, everythang is BIG. Why, do you know, mah ranch in Texas is so big, it takes a whole week to ride around it on a horse?"
"Yeah?" says a wizened station hand sitting at the bar. "If we had a horse like that we'd turn it into glue."
Several men are in the locker room of a private club after exercising. Suddenly a cell phone on one of the benches rings. A man picks it up and the following conversation ensues:
"Hello?"
"Honey, It's me."
"Sugar!"
"Are you at the club?"
"Yes."
"Great! I'm at the mall 2 blocks from where you are. I saw a beautiful mink coat. It is absolutely gorgeous! Can I buy it?"
"What's the price?"
"Only $1, 500."
"Well, okay, go ahead and get it, if you like it that much."
"Ahhh, and I also stopped by the Mercedes dealership and saw the 2002 models. I saw one I really liked. I spoke with the salesman and he gave me a really good price. .. and since we need to exchange the BMW that we bought last year..."
"What price did he quote you?"
"Only $60, 000!"
"Okay, but for that price I want it with all the more...
In school one day the teacher decided in science class she would teach about materials. So she stood in the front of the class and said, "Children, if you could have one raw material in the world what would it be?"
Little Richie raised his hand and said "I would want gold, because gold is worth a lot of money and I could buy a Porsche."
The teacher nodded and called on little Susie Marie.
Little Susie said "I would want platinum because platinum is worth more than gold and I could buy a Corvette."
The teacher smiled and then called on Little Johnny. Little Johnny stood up and said, "I would want silicone."
The teacher said, "Why Johnny?"
He responded by saying, "because my mom has two bags of it and you should see all the sports cars outside our house!!"
Charley wanted to buy Farley a birthday cake, but he couldnt figure out how to get the cake in the typewriter so he could type Happy Birthday
How to tell a Democrat from a Republican during the Holiday Season
by John Carlson And you thought you could tell Republicans from Democrats by how they vote. Not so! Just observe how they act during the holidays: Republican say "Merry Christmas!" Democrats say "Happy Holidays!"
Republicans help the poor during the holidays by sending $50 to the Salvation Army. Democrats help the poor by giving $50, one buck at a time, to panhandlers on the street.
Democrats get back at Republicans on their Christmas list by giving them fruitcakes. Republicans re-wrap them and send them to in-laws.
Democrats let their kids open all the gifts on Christmas Eve. Republicans make their kids wait until Christmas morning
When toasting the Holidays, Republicans ask for sherry or mulled wine. Democrats ask for egg nog.
When not in stores, Republicans use a catalog. Democrats watch for "incredible tv offers" on late night television.
Democrats do more...
And you thought you could tell Republicans from Democrats by how they vote. Not so! Just observe how they act during the holidays:
Republican say "Merry Christmas!"
Democrats say "Happy Holidays!"
Republicans help the poor during the holidays by sending $50 to the Salvation Army.
Democrats help the poor by giving $50, one buck at a time, to panhandlers on the street.
Democrats get back at Republicans on their Christmas list by giving them fruitcakes.
Republicans re-wrap them and send them to in-laws.
Democrats let their kids open all the gifts on Christmas Eve.
Republicans make their kids wait until Christmas morning
When toasting the Holidays, Republicans ask for sherry or mulled wine.
Democrats ask for egg nog.
When not in stores, Republicans use a catalog.
Democrats watch for "incredible tv offers" on late night television.
Democrats do a lot of their shopping at Cost-Co and more...