[Reader-list] Fwd: Nice story

[Kshmendra Kaul]

It is a good example of 'bridging finance' provided by the 'rich tourist'.
 
However, there is one critical flaw in this script.
 
Except the 'prostitute' everyone else was remunerated for goods supplied or services rendered.
 
The 'prostitute' gave her services on credit to the 'supplier of feed and fuel' and the 100 Euro she received from him she paid to the hotel. No renumeration for her services.
 
She would therefore not be a 'prostitute' but someone purely looking for a sexual encounter. One can only hope that it was a satisfactory one. She could be the 'charitable institution' who funded the cycle.
 
"Bridging finance" would not come without a cost but the the "rich tourist" was foolish to leave the 100 Euro note on the counter 'unsecured'. All that he got was the satisfaction of inspection the rooms of the hotel, which he did not like.
 
Such (or similar) economic scenarios are not unique to the USA
 
Kshmendra


--- On Mon, 2/22/10, Jeebesh <jeebesh at sarai.net> wrote:


From: Jeebesh <jeebesh at sarai.net>
Subject: [Reader-list] Fwd: Nice story
To: "Sarai Reader-list" <reader-list at sarai.net>
Date: Monday, February 22, 2010, 7:05 PM


It is really a funny loop :)

Begin forwarded message:

> It is the month of June, on the shores of the Black Sea.
>
> It is raining, and the little town looks totally deserted. It is  
> tough times, everybody is in debt, and everybody lives on credit.
>
> Suddenly, a rich tourist comes to town.
>
> He enters the only hotel, lays a 100 Euro note on the reception  
> counter, and goes to inspect the rooms upstairs in order to pick one.
>
> The hotel proprietor takes the 100 Euro note and runs to pay his  
> debt to the butcher.
>
> The Butcher takes the 100 Euro note, and runs to pay his debt to the  
> pig grower.
>
> The pig grower takes the 100 Euro note, and runs to pay his debt to  
> the supplier of his feed and fuel.
>
> The supplier of feed and fuel takes the 100 Euro note and runs to  
> pay his debt to the town prostitute that in these hard times, gave  
> her services on credit.
>
> The prostitute runs to the hotel, and pays off her debt with the 100  
> Euro note to the hotel proprietor to pay for the rooms that she  
> rented when she brought her clients there.
>
> The hotel proprietor then lays the 100 Euro note back on the counter  
> so that the rich tourist will not suspect anything.
>
> At that moment, the rich tourist comes down after inspecting the  
> rooms, and takes his 100 Euro note, after 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.
>
> This is how the United States Government is doing business today.

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