Secret Squirrel, never being one to ignore his financial and economic researches, found, on the OMRLP site, hardly surprisingly,the Official Monster Raving Loony site, that being http://www.omrlp.com/ a readily plausible and highly understandable, and simple, (even the most utterly ignorant of all frenchmen, their politicians,could understand this), explanation, on how economic bailout packages work, specificly that involving Greece and Italy,but Squirrel believes it highly applicable and self- explanatory with respect to other nations of Europe, and also the U.K. itself.
Herewith I share with you the wise MRL explanation of bailout packages, how they work, the very mechanics of the thing,a thing most definitly not to be missed...........here peruse the explanation.........
Here commences the economic explanational epistle...........
HOW THE GREEK & ITALIAN BAILOUT WILL WORK IN VERY SIMPLE TERMS:
It is a slow day in a little Greek Village.
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 village, 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 and food bill at the taverna.
The taverna owner 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 village 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!!
Here doth end the wisdom of the MRL epistle.
Secret Squirrel,
Minister For Re-Deranged Re-Engineering,
MP,MRL,(Dunny On The Wold),
MRL.
No comments:
Post a Comment