• If you are using hotmail, outlook, live or rediffmail email and is trying to register or have registered with the website, please read this post.
  • Welcome to Tamil Brahmins forums.

    You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our Free Brahmin Community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

    If you have any problems with the registration process or your account login, please contact contact us.

Irish Financial Bailout- brilliant - Source(UKMakkal)

Status
Not open for further replies.

sugaz007

Member
It is a slow day in a damp little 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.
 

sangom

Well-known member
It is a slow day in a damp little 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.
There is a classical example which I studied as part of monetary theory. Two people brewed beer and took it to the market. they had decided the price at which they would sell. After some distance pulling the heavy cart with the barrel on it, one fellow said that he was tired and would have some beer. Then the other said it should not be free and they had to make money, after all, by selling the beer. So the first fellow took out a coin, got the beer for that amount and drank. After some time the second fellow felt the urge to drink beer and paid the coin to the first fellow and took whatever quantity the first one had taken. This was repeated till they reached the market. When someone else approached for beer they found nothing left in the barrel. Then they started quarrelling and blaming each other for cheating!
 
S

SwamiTaBra

Guest
There is a classical example which I studied as part of monetary theory. Two people brewed beer and took it to the market. they had decided the price at which they would sell. After some distance pulling the heavy cart with the barrel on it, one fellow said that he was tired and would have some beer. Then the other said it should not be free and they had to make money, after all, by selling the beer. So the first fellow took out a coin, got the beer for that amount and drank. After some time the second fellow felt the urge to drink beer and paid the coin to the first fellow and took whatever quantity the first one had taken. This was repeated till they reached the market. When someone else approached for beer they found nothing left in the barrel. Then they started quarrelling and blaming each other for cheating!
Harshad Mehta's fraud has parallels. It would have gone on had not investigation happened at some stage.

Rgds,
Swami
 
Status
Not open for further replies.

Follow Tamil Brahmins on Social Media

Latest posts

Top
  Thank you for visiting TamilBrahmins.com

You seem to have an Ad Blocker on.

We depend on advertising to keep our content free for you. Please consider whitelisting us in your ad blocker so that we can continue to provide the content you have come here to enjoy.

You can also donate financially if you can. Please Click Here on how you can do that.