The Economic Crisis Solved!

It is June. In a small town on the South Coast of France, the summer 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 Russian 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 100 euros.
The butcher takes the money and races to his supplier to pay his debt.
The wholesaler rushes to the farmer to pay 100 euros for pigs he purchased some time ago.
The farmer triumphantly gives the 100 euro 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 Russian is coming down to reception and informs the hotel owner that the proposed room is unsatisfactory and takes his 100 euros back and departs.
There was no profit or income.
But 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?

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[www.mediafire.com] Some say you should click it, you know you want to. [www.gp4central.com] <----GP4 Central

This to me seems similar to an ecomomic stimulus package...injecting money to get the market going again?

Yeah, but the 100euro note made no difference - they could all have just agreed to wipe off their debts to each other - since that is effectively what they did.

Everybody is in exactly the same situation as they were before, because although they all owed 100euro, they were also owed 100euro by someone else in the chain.

that is seductive logic, but sadly all the people who've lost their jobs and homes etc don't exactly have the metaphoric 100 Euro outstanding debt waiting to be received

Sound good until you realise us normal people are being made to be the rich Russian, which most definately aren't...

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Economic crisis solved? Isn't this way of thinking what started the crisis?

Unusually upbeat post from mortal

Must be the medication.

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[www.mediafire.com] Some say you should click it, you know you want to. [www.gp4central.com] <----GP4 Central

lol, can i have some of whatever you've been taking?!

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Team Japan Owner - GPGNC

alcohol lol

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[www.mediafire.com] Some say you should click it, you know you want to. [www.gp4central.com] <----GP4 Central

Nickv Wrote:
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> Economic crisis solved? Isn't this way of thinking
> what started the crisis?


1 Mistake + 1 Mistake = 1 Success

So, maths are not too difficult after all





Edited 1 time(s). Last edit at 06/11/2009 03:55AM by Frantic.

Ah, finally, two wrongs DO make a right!