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Published on 2/6/2017 additional information available

Financial Bailout - The Way It Actually Works

#optimism
# future
# debt relief
# financial bailout
#


A quiet and slow rainy day in a small Mediterranean village. Times are tough, everybody is in debt and everybody lives on credit.

On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he would like to inspect the rooms upstairs in order to pick one to spend the night.

The owner gives him some keys and - as soon as the visitor has walked upstairs - he grabs the €100 note and runs next door to pay his debt to the butcher.

The butcher takes the €100 note and runs 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 feed and fuel.

The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.

The innkeeper slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.

The strumpet then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.

The hotelier then places the €100 note back on the counter so the rich traveller would not suspect anything.

At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money and leaves the village.

No one produced anything. No one earned anything. However, the whole village is now out of debt and looking to the future with a lot more optimism.

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Let's not forget: "Debt is the slavery of the free." (Publilius Syrus)



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