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MacD Super Member
Joined: Apr 08, 2011 Posts: 1052 Location: Canada
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Posted: Wed Nov 09, 2011 10:07 am Post subject: What is a Financial Bail-Out? |
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It is a slow day in a damp little Irish town. The rain is beating down harshly, and all the streets are deserted. Times are tough, everybody is in debt and everybody lives on credit. On this particular day a rich German tourist is driving through the town, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some room-keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butcher takes the €100 note and rushes down the street to repay his debt to the pig farmer. The pig farmer takes the €100 note and heads off to pay his bill at the supplier of animal feed and fuel. The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the friendly neighbourhood pub. The pub owner slips the money along to the local prostitute drinking at the bar - who, in spite of facing hard times, has always gladly offered him her 'services' on credit. The hooker then rushes over to the hotel and pays off her room bill to the hotel owner with the €100 note. The hotel proprietor quietly replaces the €100 note back on the counter, so that the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, states that none of the rooms are satisfactory, picks up the €100 note, pockets it and leaves town.
No one has produced anything. No one has earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism.
And that, dear ladies and gentlemen, is how a basic financial bailout package works!
_________________ La a'Blair s'math n Cairdean
(Friends are good on the day of battle) |
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inthedark Super Member
Joined: Jan 31, 2011 Posts: 913 Location: Ontario
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Posted: Wed Nov 09, 2011 11:23 am Post subject: Re: What is a Financial Bail-Out? |
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Friggn EXCELLENT!!!!!
_________________ Chimo
Ron
War is sweet to those who have no experience of it, but the experienced man trembles exceedingly at heart on its approach - Pindar 518-438 BC
Be Copy now of Men of Grosser Blood and TEACH THEM HOW TO WAR |
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inthedark Super Member
Joined: Jan 31, 2011 Posts: 913 Location: Ontario
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Posted: Wed Nov 09, 2011 11:24 am Post subject: Re: What is a Financial Bail-Out? |
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I just had to send this off to my boys.
_________________ Chimo
Ron
War is sweet to those who have no experience of it, but the experienced man trembles exceedingly at heart on its approach - Pindar 518-438 BC
Be Copy now of Men of Grosser Blood and TEACH THEM HOW TO WAR |
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stovepipe Super Member
Joined: Sep 25, 2008 Posts: 4877 Location: Pine, Az.
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Posted: Wed Nov 09, 2011 11:50 am Post subject: Re: What is a Financial Bail-Out? |
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I think the pivotal constituent here is the hooker on credit- w/o her the system would have collapsed!
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inthedark Super Member
Joined: Jan 31, 2011 Posts: 913 Location: Ontario
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Posted: Wed Nov 09, 2011 12:11 pm Post subject: Re: What is a Financial Bail-Out? |
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Thank God for small business women!
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Ominivision1 Super Member
Joined: Sep 20, 2010 Posts: 2984 Location: Iowa
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Posted: Wed Nov 09, 2011 12:12 pm Post subject: Re: What is a Financial Bail-Out? |
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inthedark wrote: |
Thank God for small business women! |
_________________ Regards
Limitations are but boundaries created inside our minds. |
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Elvis Super Member
Joined: Jul 27, 2008 Posts: 9239 Location: south island New Zealand
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Posted: Wed Nov 09, 2011 2:01 pm Post subject: Re: What is a Financial Bail-Out? |
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very good its been here before but worth the 2nd read. just as well the tax man didnt try to claim his 15% GST on each transaction or there would be none left.
_________________ You shot it You pluck it !
Them who eats the most duck eats the most feathers! |
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stovepipe Super Member
Joined: Sep 25, 2008 Posts: 4877 Location: Pine, Az.
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Posted: Wed Nov 09, 2011 2:05 pm Post subject: Re: What is a Financial Bail-Out? |
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Obama just passed a tax on Xmas trees here....15 cents a pop.
My GOD, what's next. .....
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