[Bret L]

A Simple Explanation of The Basic Monetary System.


" It is the month of August, on the shores of the Black Sea. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit.

Suddenly, a rich tourist comes to town.

He enters the only hotel, lays a 100 Euro note on the reception
counter, and goes to inspect the rooms upstairs in order to pick one.

The hotel proprietor takes the 100 Euro note and runs to pay his debt
to the butcher.

The Butcher takes the 100 Euro note, and runs to pay his debt to the
pig grower.

The pig grower takes the 100 Euro note, and runs to pay his debt to
the supplier of his feed and fuel.

The supplier of feed and fuel takes the 100 Euro note and runs to pay
his
debt to the town’s prostitute that in these hard times, gave her
“services” on credit.

The hooker runs to the hotel, and pays off her debt with the 100 Euro
note to the hotel proprietor to pay for the rooms that she rented when
she brought her clients there.

The hotel proprietor then lays the 100 Euro note back on the counter
so that the rich tourist will not suspect anything.

At that moment, the rich tourist comes down after inspecting the
rooms,
and takes his 100 Euro note, after saying that he did not like any of
the rooms, and leaves town.

No one earned anything. However, the whole town is now without debt,
and looks to the future with a lot of optimism….

And that, ladies and gentlemen, is how the United States Government is
doing business today."

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