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a financial bailout explained

ProfilePosted byOptionsPost Date

AnnCardiff

AnnCardiff Report 12 Sep 2013 18:16

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 meet his expectations, returns the keys and takes his note back.

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!


Nolls from Harrogate

Nolls from Harrogate Report 12 Sep 2013 18:29

Wow! That's amazing now if I pay the vet today the £95 she charged and she goes and pays of the butcher and he in turn pays of the bookie and if and if and if if if if........I just might get it back ...Ok then will pay the vet right away and hope to get it back and put it on a horse tomorrow ...how exciting I think :-S

AnnCardiff

AnnCardiff Report 12 Sep 2013 19:07

good innit :-D

Bobtanian

Bobtanian Report 12 Sep 2013 23:48

A bit like the TV series "Mission Impossible,which only works "
by a ploy making all the relevant players perform in the desired manner...............

maggiewinchester

maggiewinchester Report 13 Sep 2013 00:18

:-D :-D :-D Ann

LadyScozz

LadyScozz Report 13 Sep 2013 03:39

:-D

Love it! I'll pass it on to our accountant :-D

OneFootInTheGrave

OneFootInTheGrave Report 13 Sep 2013 06:46

Great post AnnCardiff :-D :-D :-D