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How credit works- why cant UK PLC do this??

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    How credit works- why cant UK PLC do this??

    It is the month of October and it is raining.

    The little French town is totally deserted. These are 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 Euro note on the desk, and asks the manager if he can go upstairs to inspect the rooms before deciding which one to stay in for the night.

    The manager takes the 100 Euro note and quickly runs to pay his debt
    to the butcher. The butcher takes the 100 Euro note and runs to pay
    his debt to the pig farmer. The pig farmer takes the 100 Euro note
    and runs to pay his debt to the feed merchant. The feed merchant takes the 100 Euro note 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 gives the manager the 100 Euro note to pay for the rooms she rented when she brought her clients there. The manager then lays the 100 Euro note back on the desk.

    At that moment, the rich tourist comes downstairs after inspecting the rooms and takes back his 100 Euro note, 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. Isn't life wonderful!

    #2
    Aren't the French smart asses!

    Comment


      #3
      They issue is that some has borrowed alot more than 100 euros.....

      Comment


        #4
        Originally posted by pzz76077 View Post
        why cant UK PLC do this??
        Because the government makes a lot of tax on all the interest payments.

        Comment


          #5
          A great pity this thread is in LR. Its a good one and deserves alot more posts than it has received.

          Comment


            #6
            Have moved the debate at BP's request.


            PZZ

            Comment


              #7
              Originally posted by pzz76077 View Post
              Have moved the debate at BP's request.


              PZZ
              Many thanks. If it does not get the attention it deserves feel free to flame me.

              BP
              PS cuk is full of trolls anyway.....

              Comment


                #8
                I eat trolls for breakfast.... bring em on....

                PZZ

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