Sorry for the hiatus
I have been completely swamped lately and unfortunately I have been poor at managing my time outside of work. With the NHL and NBA playoffs plus summer and work, I have had little time to blog on BusinessMinded.ca. That doesn’t make me happy.
This Sunday I am going to reorganize myself and get posting regularly again. So please stick around and read and comment and make this site fun.
Here is a great little story (unfortunately I don’t know the author, but if someone does please message me and I will be sure to link to him):
“CREDIT CRUNCH… WHAT CREDIT CRUNCH ??!!
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, everybodyis 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 tothe butcher.
The butcher takes the 100 Euro note, and runs to pay his debt to the piggrower.
The pig grower takes the 100 Euro note, and runs to pay his debt to thesupplier of his feed and fuel.
The supplier of feed and fuel takes the 100 Euro note and runs to pay hisdebt 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 noteto the hotel proprietor to pay for the rooms that she rented when she broughther clients there.
The hotel proprietor then lays the 100 Euro note back on the counter so thatthe rich tourist will not suspect anything.
At that moment, the rich tourist comes down after inspecting the rooms, andtakes his 100 Euro note, after saying that he did not like any of the rooms, andleaves town.
No one earned anything. However, the whole town is now without debt, andlooks to the future with a lot of optimism..
And that, ladies and gentlemen, is exactly how the World is doing businessand barely surviving today.”
BM: This is truly how the world works. Money is debt. It is built into our economy.
P.S. GO PENS GO!
