It is August. In a small town on the South coast of France, holiday season is in full swing. But it is raining so there isn’t too much business happening.
Everyone is heavily in debt.
Luckily, a rich Russian tourist arrives in the foyer of the small local hotel. He asks to see a room and puts a Euro100 note on the reception counter, takes a key and goes to inspect the room located up the stairs on the second floor.
The hotel owner takes the note in hurry and rushes to his meat supplier to whom he owes E100.
The butcher takes the money and races to his wholesaler to pay his debt.
The wholesaler rushes to the farmer to pay E100 for pigs he purchased some time ago.
The farmer triumphantly gives the E100 note to a local prostitute who gave him her services on credit.
The prostitute goes quickly to the hotel, as she owes the hotel for her room use to entertain clients. She pays the hotel owner.
At that moment, the rich Russian comes down to the reception and informs the hotel owner that the proposed room is unsatisfactory and takes his E100 back and departs.
There was no profit or income. But everyone no longer has any debt and the small town people look optimistically towards their future.
COULD THIS BE THE SOLUTION TO THE Global Financial Crisis? Or, is there a catch here?
(please contact me if you believe this article is written by you ... I would be glad to acknowledge the original author through full attribution.)