Search Not Just Numbers


Wednesday, 10 March 2010

Credit Crunch solved!

Well maybe not, but I had to share this entertaining story that was forwarded to me on a round-robin email. Apologies if you have seen it:

"It's a slow day in a little South Devon 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 up north is driving through town. He stops at the motel and lays a £100 in cash 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 notes and runs next door to pay his debt to the butcher.
The butcher takes the £100 and runs down the street to repay 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.
She 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 traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the £100, 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 British Government is conducting business today."

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  1. Very thought provoking story Glen! If only the banks would give us the money to check out our businesses! We've have it back to them in no time!

  2. Peter

    I'm sure that supposed to be their business, but they appear to have diversified into international gambling with the taxpayer providing security for an losses.

    With an infallible business model like that, why would you mess around with small business lending?