"Cathy from KY in CA" wrote in message
...

Trouble is the hotel owner is out E100!

Fred

No, he isn't......he didn't provide services for the man. The hotel
owner got a quick loan...with no interest....LOL
He paid his debt...just made no profit.

just me,
Cathy from KY in CA
Technically if the prostitute put the E100 on the counter to pay the hotel
owner and the tourist took the E100 then the hotel owner is out E100. The
hotel owner could have given the prostitute a receipt for the E100 that she
put on the counter which clears her debt to him but he does not have E100
income from her use of the hotel room that he can put in the bank.

I liked the story anyway! Similar to the present banking system - they all
borrowed billions from each other and on the cyber books are nearly all
broke but nary a physical dollar changed hands.
i.e.
Banker (A) borrows 100b from banker (B).
Banker (B) borrows 100b from banker (A).
At the end of the month banker (A) can't collect an interest payment from
banker (B) so banker (A) goes to the Feds. and says that he needs some bail
out funds in order to keep operating and claims that he has 100b in accounts
receivable as collateral.
The Feds give banker (A) a few billion to tide them over.
At the end of the same month banker (B) hasn't been able to collect an
interest payment from banker (A) so banker (B) goes to the Feds. and says
that he needs some bail out funds in order to keep operating and claims that
he has 100b in accounts receivable as collateral.
The Feds give banker (B) a few billion to tide them over.
Banker (A) takes the money from the Feds. and makes an interest payment to
banker (B)
Banker (B) takes the money from the Feds. and makes an interest payment to
banker (A)
Bankers (A) and (B) each take the interest payments received and pay
operating costs (read salaries and bonuses)
etc., etc., etc.
Like they say, the safest way to rob a bank without going to jail is to own
it.LOL

Fred