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What global finance crisis?



 
 
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Old May 1st 09, 10:36 AM posted to rec.crafts.textiles.needlework
Fred
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Posts: 215
Default What global finance crisis?

In a small town on the South Coast of France, the holiday season is in full
swing, but it is raining so there is not too much business happening.
Everyone is heavily in debt.
Luckily, a rich tourist arrives in the foyer of the small local hotel.
He asks for a room and puts a Euro100 note on the reception counter, takes a
key and goes to inspect the room located up the stairs on the third floor.
The hotel owner takes the banknote in a hurry and rushes to his meat
supplier to whom he owes E100.
The butcher takes the money and races to his supplier to pay his E100 debt.
The wholesaler rushes to the farmer to pay E100 for pigs he purchased some
time ago.
The farmer triumphantly gives the E100 note to a local prostitute who gave
him her services on credit.
The prostitute goes quickly to the hotel, as she was owing the hotel for her
hourly room use to entertain clients.
At that moment, the rich tourist is coming down to reception and informs the
hotel owner that the proposed room is unsatisfactory and takes his E100 note
back and departs.

Oh! Happy Day!!

The hotel owner has paid off his E100 debt to the butcher,
the butcher has paid off his E100 debt to his supplier,
the supplier has paid off his E100 debt to the farmer,
the farmer has paid off his E100 debt to the prostitute,
the prostitute has paid off her E100 debt to the hotel owner.

Everyone no longer has any debt and the small townspeople look
optimistically towards their future.

Could this be the solution to the Global Financial Crisis?

Fred


 




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