Archive | March 12, 2015

An economic thinking of the Greek bail-out

A slow day in a little Greek Village .

The rain is beating down and the streets are deserted.

Times are tough, everybody is in debt, and everybody lives on credit.

On this rainy day a rich German tourist arrived at  the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner that he wants to inspect the rooms upstairs in order to pick one to spend the night.

The hotel owner gave him  the room key, 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 taverna.

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 village is now out of debt and looking to the future with a lot more optimism.

And that  is how the bailout package works.

(credit to the unknown thinker – Brilliant! )

Being a pauper (Friday Funnies)

“Today I had my first family planning lesson at school”

announced seven year old Sarah.

Her mother, very curious asked ” oh..How did it go?”

“I nearly died of shame” complained Sarah.

“Peter from next door says  the stork brings babies.”

photo credit: clip art.com

Photo credit: clip art.com

“Mary  my friend said that you can buy babies at the Orphanage”

“John in my class says that you can buy babies at the hospital”

“Mathew,  a doctor’s son said that his father says that you can make babies in a test-tube”

Her mother answered laughingly ” But that’s no reason to be ashamed”.

“No…but I cannot tell them that we were so poor that you and dad has to make me yourselves!”

(modified from an e-mail joke)