Interesting Items...
Economics 123 - How the US economy works...
By Clark Kent
In a small town in the United States, the place looks almost 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 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 prostitute runs to the hotel, and pays off her debt with the 100 Dollar Bill 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 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 is doing business today.
Somehow this system seems to work though it does not make sense... but someone has to loan the $100 first...and everyone has to agree to take it in good faith and give it out again... at the right timing too..
So, can someone lend me a $100 to try it out?
By Clark Kent
In a small town in the United States, the place looks almost 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 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 prostitute runs to the hotel, and pays off her debt with the 100 Dollar Bill 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 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 is doing business today.
Somehow this system seems to work though it does not make sense... but someone has to loan the $100 first...and everyone has to agree to take it in good faith and give it out again... at the right timing too..
So, can someone lend me a $100 to try it out?
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