$100.00 dollar bill

[Fat Albert]

<font size="2"><font face="Arial"> <span class="apple-style-span">

</p></span></font></font><div><span style="font-family: 'Comic Sans MS'; color: #632423">Itsa slow day in a littleWest Texas town.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span>

<span style="font-family: 'Comic Sans MS'; color: #632423">Thesun is beating down, and the streets are deserted.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"></span> </p></div><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span class="apple-style-span" /><span class="apple-style-span">

<span style="font-family: 'Comic Sans MS'; color: #632423">Timesare tough, everybody is in debt, and everybody lives on credit.</span> </p></span>

</p><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span style="font-family: 'Comic Sans MS'; color: #632423">Onthis particular day a rich tourist from back east is drivingthrough town.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span class="apple-style-span" /><span class="apple-style-span">

<span style="font-family: 'Comic Sans MS'; color: #632423">Hestops 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 spendthe night.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span class="apple-style-span" /></p></span><span style="font-family: 'Comic Sans MS'; color: #632423">Assoon 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.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span class="apple-style-span" /><span class="apple-style-span">

<span style="font-family: 'Comic Sans MS'; color: #632423">Theguy 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.</span> </p></span> <span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span class="apple-style-span" /><span class="apple-style-span">

<span style="font-family: 'Comic Sans MS'; color: #632423">Thehotel 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.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span class="apple-style-span" /></p></span><span style="font-family: 'Comic Sans MS'; color: #632423">Noone produced anything.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span class="apple-style-span" /><span class="apple-style-span">

<span style="font-family: 'Comic Sans MS'; color: #632423">Noone earned anything.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span class="apple-style-span" /></p></span><span style="font-family: 'Comic Sans MS'; color: #632423">However,the whole town is now out of debt and looks to the future with a
lot more optimism.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt"><span class="apple-style-span"> </span></span><span class="apple-style-span" /><span class="apple-style-span">

<span style="font-family: 'Comic Sans MS'; color: #632423">Andthat,ladies and
gentlemen, is how the United States Government is
conducting business today.</span><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt">
</span> </p></span>

</p><span style="font-family: 'Arial','sans-serif'; color: black; font-size: 10pt">

</p></span>

 

[buzz]

Great....and true!

 

[elwestb]

Amen!

 

[Possum]

If Federal reserve buys a
$100 bond from bank A(bail out) If that Bank loans the money to spur for pair of boots, he buys pair of boots from bettle, bettle deposits money in bank B, Bank B sends $10 dollars to fed reserve for reserve requirement. Bank B makes 90 dollor loan to me for fishing rod. I by fishing rod from custom tackle. They deposit money money in bank C, Bank C loans 81 dollars to Joe for light bill, power comp. deposits money in bank D. In all if the moneys stays in the banking system. Banks will make $1000 dollars in new loans. $1000 dollars in merchandice will be purchased, and the Federal reserve will get their $100 dollars back. It is called the marvel mystery of money creation. Money and Banking Class at UTC, what I remember from it anyway.

 

[beetlespin]

But that would never happen because beetlespin sells all his stuff dirt cheap so spur would have got the boots for $10 and spent the other $90 on pork rinds and diet cokes and I would have given the $10 to my wife as a sweet jesture to get something real good in return. Everybody ends up happy under my system!

 

[Guest]

Pork rinds and Diet Cokes. emoUpsmile emoUpsmile emoUpsmile

 

[Possum]

That funny! Those are called leakages by the way. It is pretty much hypothetical, but money is going somewhere. Nothing wrong with Diet coke and pork rinds. Probably a better choice than me buying another rod I don't need.

 

[Squirrel Monkey]

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