Today I visited my friend Jules' blog and I kept laughing out loud for almost half an hour :) Well, this is not only funny, this is actually the fact behind the so called bailouts and stimulus and what you have.
Let me put it right here exactly how it is and share with you: (all orange is exactly copied from the site mentioned and black is what I typed)
Stimulus plans
In a small town in the United States, the place looks almost totally deserted. It is a tough time, everybody is in debt and everybody lives on credit.
Suddenly a rich tourist comes to town. He enters the town's only hotel, lays a 100 dollar bill on the reception counter as a deposit and goes to inspect the rooms upstairs in order to pick one.
The hotel proprietor takes the 100 dollar bill and runs to pay his debt to the butcher.
The butcher takes the 100 dollar bill and runs to pay his debt to the pig farmer.
The pig farmer runs to pay his debt to the supplier of his feed and fuel.
The supplier of feed and fuel takes the 100 dollar bill and runs to pay his debt to the town's prostitute that in these hard times, gave her "services" on credit.
The hooker runs to the hotel and pays off her debt with the 100 dollar bill to the hotel proprietor for the rooms that she rented when she brought her clients there.
The hotel proprietor then lays the 100 dollar bill back on the counter so that the rich tourist will not suspect anything.
At that moment the tourist comes down after inspecting the rooms and takes back his 100 dollar bill, saying that he did not like any of the rooms and leaves town.
No one earned anything.......... however the whole town is now without debt and looks to the future with a lot of optimism.
And that, ladies and gentlemen, is how the United States Government and the State of California are doing business today.
In a small town in the United States, the place looks almost totally deserted. It is a tough time, everybody is in debt and everybody lives on credit.
Suddenly a rich tourist comes to town. He enters the town's only hotel, lays a 100 dollar bill on the reception counter as a deposit and goes to inspect the rooms upstairs in order to pick one.
The hotel proprietor takes the 100 dollar bill and runs to pay his debt to the butcher.
The butcher takes the 100 dollar bill and runs to pay his debt to the pig farmer.
The pig farmer runs to pay his debt to the supplier of his feed and fuel.
The supplier of feed and fuel takes the 100 dollar bill and runs to pay his debt to the town's prostitute that in these hard times, gave her "services" on credit.
The hooker runs to the hotel and pays off her debt with the 100 dollar bill to the hotel proprietor for the rooms that she rented when she brought her clients there.
The hotel proprietor then lays the 100 dollar bill back on the counter so that the rich tourist will not suspect anything.
At that moment the tourist comes down after inspecting the rooms and takes back his 100 dollar bill, saying that he did not like any of the rooms and leaves town.
No one earned anything.......... however the whole town is now without debt and looks to the future with a lot of optimism.
And that, ladies and gentlemen, is how the United States Government and the State of California are doing business today.
Got the idea? how the Keynesians are trying to CHANGE things???
THINK THINK THINK
What pleases you may not be the elixir, it may be poison in disguise...
Obama may not be real Balm for this headache...
enjoy your weekend and sunday...
LOL that is true at the same time.
ReplyDeleteWell, I read on the following site a similar article, read my comments - are even more hilarious than that.
ReplyDeleteBTW, jokes apart logically this looks like working, whats the catch (before you read my comments)???
http://sudiptounplugged.blogspot.com/2009/05/could-this-be-solution-to-global.html Original post and my comments reproduced below.
Several flaws in arguments -
1. Rich Russian Tourist (is as close to an alien that I can think of)
2. Russia still uses Ruble
3. French promptly returning E100.
4. The solution you have proposed is essentially what most of the Governments and central bankers around the world are 'hoping'. The problem is the first guy hoards those 100 instead of paying his debt promptly 'cos he just doesn't owe to the butcher but the laundry guy, the real estate mortgage (on which he's taken an Equity Loan) and so on..... Got the drift.