Thursday, May 21, 2009

Subject: Cure for the Financial 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
taking place.

Everyone is heavily in debt.

Luckily, a rich Russian tourist arrives in the foyer of the small local

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 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 quickly goes to the hotel, as she was owing the hotel for
her hourly room used to entertain clients.

At that moment, the rich Russian comes down to reception and informs the
hotel owner that the room is unsatisfactory and takes his E100 back and

There was no profit or income.

But everyone no longer has any debt and the small town's people look
optimistically towards their future.

Could this be the solution to the global financial crisis?

Source: Unknown

2 comments: said...

Wouldn't the hotel owner be out the E100 then? Would that then be equivalent to the national debt?

Pankaj said...

Hold on.. The hotel owner was supposed to get 100E from the Prostitue. In the real scenario, no one owes a penny to the debtor nations! Nope, this scenario is only a sweet dream!