The Irish Bailout - how it works
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 same €100 note.
The hotel proprietor then places the 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 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 a bailout package works.
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..and Michael Flatley is from Chicago !
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When the family were involved with the antique trade back in the 70s that was the trade joke that you could put 20 dealers on a desert island and they'd all make a good living.
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It'd be funny if it wasn't true...except that the gub'mint would have taken 40% plus off everyone along the way in trumped-up income and health insurance levies, then promptly passed it on to the banks 8-(
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Oh and this..... ( I'll be off to do some work in a minute I promise ! )
www.youtube.com/watch?v=kAG39jKi0lI&feature=player_embedded
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Very good - by sheer chance just as he got his Apple out mine rang - I thought for a second it was part of the sketch !
Wonder whether the Apple was a dual core prone to worms !
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Humph, is that not how the Finance district of London works? Supposed to be the most important area but, to quote, "No one produced anything" !
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The OP reminds me of an old joke.
Michael goes to the scrapyard and asks: "Have you a bootlid for a Mini?"
"I have and they are £40," says the scrappie.
"They are only £30 at the yard down the road," says Michael. "But he has none in."
"Well," says the scrappie. "When we are out of stock, ours are only £25."
"Great," says Michael. "I'll come back when you have none."
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Just had to share this... - R.P.
