Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
It's a slow day in a little Lancashire town. The sun is beating down,and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich tourist from down south is driving through town. He stops at the motel and lays a £100 in cash on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night.
As soon as the man walks upstairs, the owner grabs the bill and runs next door to pay his debt to the butcher.
The butcher takes the £100 and runs down the street to repay his debt to the sheep farmer.
The sheep farmer takes the £100 and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmer's Co-op takes the £100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.
She rushes to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the £100 back on the counter so the rich traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the £100, states that the rooms are not satisfactory, pockets the money, and leaves town.
No one produced anything.. No one earned anything.
However, the whole town is now out of debt and now looks to the future with a lot more optimism.
And that, ladies and gentlemen, is how the British Government is conducting business today.
Roger
Guest 693- Registered: 12 Nov 2009
- Posts: 1,266
Clever double entendre there, Sid!
True friends stab you in the front.
Guest 686- Registered: 5 May 2009
- Posts: 556
Quite apart from being an amusing anecdote there must surely be a catch to this scenario!
Phil West
If at first you don't succeed, use a BIGGER hammer!!
Phil
Its an allegory of where the country stands today. I am really wound up with the Banks who are not lending to projects that only require a no risk precentage of the total capital to get many jobs moving. Notwithstanding the fact that there is money in the system they arent giving it out to even their best , proven clients.
The trick in the above scenario is effectively the first man is loaning his money so the system can move. Thats all that is needed to get a big boost to the economy.
Thanks Roger
but it doesnt make me feel better.....
We are paying the price of bad investments abroad still.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i rather think that phil sussed that, i assumed he was having a bit of a subtle dig there.