This works. Someone tell Kruggers!

C

Chocks away

Guest
Subject: €100.00
It's a slow day in a little midlands Irish town. The rain
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 Kerry) is driving through
town. He stops at the local hotel lays a €100 note 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 note 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
tourist will not suspect anything.

At that moment the tourist comes down the stairs, picks up the €100 note,
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 not how the Irish Government is
conducting business today.
 
However, the whole town is now out of debt and now looks to the future with a lot more optimism.
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Apart from the Hotel owner who's just had his takings robbed by some out of towner.
 
He wasn't robbed. The deposit handed in whilst investigating the suitability of the room was returned. And the hotelier alleviated some of his debt, so technically, he also gained from this. Jeez, has anyone told this to the two Brians?
 
He wasn't robbed but the scenario just described is one of credit. the hotel owner "borrowed" the 100 euros from the tourist for a fixed period. The chain of events that followed could just have easily (and were far more likely to) leave him 100 euros short when the tourist came back fo rethe deposit. What would he have done then?

As it was told, the story is an example of how extending credit to small businesses keeps them and prostitutes in business!

M
 
But if nobody breaks the chain ............. it's gotta be a winner. No?
 
except the hotel owners debt is paid off and then he has to give it back to the tourist so everyone is sorted except the hotel owner who is still down €100
 
Surely if his debt of €100 is paid, then he benefits?
 
All the debts just cancel out, including the hotel owner. For example:

Peter owes Paul €100
Paul owes Joe €100
Joe owes Peter €100

One day Peter, Paul and Joe agree that all debts cancel out.
 
callybags said:
The hotel owner is down €100.

He never got paid by the prostitute.
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If so, how did he pay the butcher. Furthermore, I hope you're joking as he is a happily married man. Anymore inferences could result in a letter from Senior Counsel :D
 
It works on the basis that everyone uses the €100 to pay a debt........and not go buy themself something.....
 
That's an old (convulted) parable. I prefer the one where people get to sell their goods/services and buy something of equivalent value, that feels more like someone has gained. The benefit of being repaid money owed to you and using it to pay down you debts is less obvious.

In any case, there would have been pandemonium if the prostitute turned up at the hotel 10 minutes later.....or maybe the community could have extracted €200 rather than nothing from the tourist
 
The fundamental flaw is that nobody wants to service their debt here. The chain would have been broken pretty quickly when someone decides they need the €100 to put to that sun holiday they need and can't do without and then phones up Joe Duffy wondering where's their NAMA for paying back prostitutes.

And I still make it the hotel owner is out of pocket from the prostitute.
 
Latrade said:
And I still make it the hotel owner is out of pocket from the prostitute.
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He's not but he borrowed €100 from the tourist (even if said tourist didn't know it) and he had to pay him back. He has a new debt of €100.
 
Purple said:
He's not but he borrowed €100 from the tourist (even if said tourist didn't know it) and he had to pay him back. He has a new debt of €100.
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But he has paid off his debt to the butcher ......... in that respect he has gained €100. OK, the rent from the hooker is lost - the deposit is returned to the tourist in full. But from an impecunious standing start he has managed to lower his debt by €100.
 
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