GREG'S LEGACY

Specialising in the human experience of Living with prostate cancer – warts and all

What goes around, comes around

with 2 comments


The following story appeared on South of the Border (syndicated from Thoughts on Freedom) and is a pretty good description of the Global Economic crisis.  I guess I am guilty of the same thing in using the story as a blog post.

I read this on a trading blog  which I thought was really amusing. Some parts seem wrong but it does get the essence of what’s going on, particularly in the bailout and other government actions.

It is a slow day in the East Texas town of Madisonville. It is raining, and the little town looks totally deserted. Times are tough, everybody is in debt and everybody lives on credit. On this particular day a rich tourist from the East is driving through town. He enters the only hotel in the sleepy town and lays a hundred dollar bill on the desk stating he wants to inspect the rooms upstairs in order to pick one to spend the night. As soon as the man walks up the stairs, the hotel proprietor takes the hundred-dollar bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to pay his debt to the pig farmer. The pig farmer then takes the $100 and heads off to pay his debt to 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 lately had to offer her “services” on credit.The hooker runs to the hotel and pays off her debt with the $100 to the hotel proprietor, paying for the rooms that she had rented when she brought clients to that establishment.

The hotel proprietor then lays the $100 bill back on the counter so the rich traveler will not suspect anything.

At that moment the traveler from the East walks back down the stairs, after inspecting the rooms. He picks up the $100 bill and states that the rooms are not satisfactory…… Pockets the money and walks out the door and leaves town.

No one earned anything. However the whole town is now out of debt, and looks to the future with a lot of optimism.

That, ladies and gentlemen, is how the United States Government is conducting business today. If that doesn’t scare the hell out of you, then I don’t know what will.

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Written by Greg Naylor

18 June 2009 at 6:11 pm

Posted in Uncategorized

2 Responses

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  1. It’s a simplistic American version of how the real recession (the one in the US) is affecting communities. Although what it avoids is this: the “rich tourist from the East” is going to spend that $100 somewhere, and that means not only will the town be out of debt, it’ll be $100 better off.

    Ray Dixon

    18 June 2009 at 7:17 pm

    • Yeah… but the ‘whole town was never in debt’ in the first place, so the story makes no sense. Everyone who owed $100 was also owed $100.

      Neil

      17 June 2010 at 2:25 pm


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