Re: [foss-nepal] Must read: on the wonders of credit and de-leveraging
its damn gud.
On Sun, Jan 3, 2010 at 3:20 AM, xtranophilist aaa
<xtranophilist@...> wrote:
> dami.
> - xtranophilist
>
>
> On Sun, Jan 3, 2010 at 02:56, Bipin Gautam <bipin.gautam@...> wrote:
>>
>> > From: the terminal of geoff goodfellow <geoff@...>
>> > Date: December 31, 2009 8:38:43 PM EST
>> > To: dave@...
>> > Subject: on the wonders of credit and de-leveraging
>> > Reply-To: geoff@...
>> >
>> > It's a slow day in a little east Texas 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 back east is driving through
>> > town. He stops at the motel and lays a $100 bill 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 retire his debt
>> > to the pig farmer.
>> >
>> > The pig 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.
>> >
>> > The hooker 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 traveler will not suspect anything.
>> >
>> > At that moment the traveler comes down the stairs, picks up the $100
>> > bill, 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 United States of America
>> > Government is conducting business today.
>>
>> --
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