Irish Financial Bailout - Brilliant!

So this is how it's done... “So simple!! the mind is repelled”. John K. Galbraith

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 Euro 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 the keys and, as soon as the visitor has walked upstairs, the hotelier grabs the 100 Euro note and runs to the...

 

1.  The Butcher - The Hotel owner's debt in now paid. The Butcher then runs with the 100 Euro note to pay his debt to the...

2.   The Pig Farmer - Butcher is now free of his debt. The Pig Farmer takes the  100 Euro note and runs to pay his debt to the...

3.  TheFeed Lot owner - Pig Farmer is now paid off. The Feed Lot Owner likes his Pub. He takes the 100 Euro note  to pay his drinks bill to the...

4.  Pub Owner - Feed Lot man is now out of debt.  The Pub Man  slips the money over to a “street worker” who has been giving her services on credit...

5.  The “Street Worker” - Pub Owner has now paid his debt to the “Street worker”.  She then runs to the Hotel to pay her room debt to...

6.  The Hotel Owner - The “Street Worker” has paid her debt.  

The Hotel proprietor then places the 100 Euro note back on the counter just as the rich Banker traveler comes down the stairs, picks up the note and states that the rooms are not satisfactory, pockets the money and leaves town.

 

No one produced anything...   No one earned anything...   However 6 people are now out of debt. 
Money is what “we the people” create when we produce goods or services to exchange with each other.  Only governments have that legal right to print that money on our behalf.  

 

If anyone else prints it, it is a criminal offense.  If governments create our money, how is it possible that there is never have enough to do what needs to be done; roads, schools, hospitals...

Need and unemployment should eliminate each other.

 

We all live under the illusion of money...   Will Abram, 2011