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Money and debt

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Money and debt

Post by handle on Tue Jun 13, 2017 12:04 pm

It is a soft day in a small 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 German tourist is driving through the town, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.

The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the pub. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.

The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note. The hotel proprietor then places the €100 note 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 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 looking to the future with a lot more optimism.

And that, Ladies and Gentlemen, is how the bailout package works

handle
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Re: Money and debt

Post by daveiron on Tue Jun 13, 2017 1:31 pm

Thats brilliant

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Re: Money and debt

Post by LionsShare on Tue Jun 13, 2017 3:10 pm

it is brilliant but also very true!
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Re: Money and debt

Post by handle on Wed Jun 14, 2017 11:55 am

Its glaringly obvious. If all promises are dissolved there is no debt. No one woes anyone anything. Everything belongs to the earth, to which even our bodies will rest.

The jewish religion speaks of a Jubilee (Yeovil) every 7, 49 years where all debts are zeroed. This is full of philosophy and insight.

In the example above, there really is no such thing as a €100 note. The same piece of paper merely circulates to fulfil a function. This is not just liquid (liquidity) its ethereal. Once it is transferred it disappears in the hands of the giver. Einstein said energy is not created or destroyed, only transferred. Money is just a symbol, with no value as substance.

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Re: Money and debt

Post by iamani on Thu Jun 15, 2017 12:57 pm

Hi handle

Bravo! i think you described the whole of the credit system in one short story that has inspired us all. Thanks.

Cheers!

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Re: Money and debt

Post by handle on Thu Jun 15, 2017 2:33 pm

Interesting reading my own post. I accidentally spelled owe as woe.

Therein lies it all. The concept of owe leads to woe.

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