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03-30-2010 10:21 PM  10 years ago
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bwellmaker

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Long Island

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Modern Economics
It's a slow day in a little East Texas 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 back east is driving through town. He stops at the motel and lays a $100 bill 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 bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to retire 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.

The hooker 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 traveler will not suspect anything.

At that moment the traveler comes down the stairs, picks up the $100 bill, 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 great optimism.

And that, ladies and gentlemen, is how the United States Government is conducting business today.
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03-31-2010 12:38 AM  10 years ago
fla heli boy

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cape coral, florida

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that's gonna keep me up tonight trying to figure that out. Thanks Butch!!!
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03-31-2010 03:27 AM  10 years ago
debogus

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Beauklahoma,peoples republic of mexifornia,USSA

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Oh thankyou
Now the secret is out .
Just don't explain what the fractional banking system does to our illusion of a economy.
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03-31-2010 03:33 AM  10 years ago
fla heli boy

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cape coral, florida

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I understand the premise of the joke, but.....nobody had to borrow money from China in this scenario, so...not quite the same!!!
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