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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (49310)4/27/2009 11:27:31 PM
From: CusterInvestor3 Recommendations  Read Replies (1) | Respond to of 217714
 
Major flaw with scenario. Prostitutes giving credit?
I almost believed up to that point <g>.

The farmer triumphantly gives the E100 note to a local prostitute who gave him her services on credit.



To: TobagoJack who wrote (49310)4/28/2009 12:53:06 AM
From: elmatador  Respond to of 217714
 
I keep saying stimulus will not work because it will happen same as with E100 bill mentioned.

Most of what we had seen were exercises in accounting. Nothing more than that.



To: TobagoJack who wrote (49310)4/28/2009 7:39:57 AM
From: KyrosL  Read Replies (1) | Respond to of 217714
 
The flaw is that the net debt in the system was zero, and in fact each participant had zero net debt. All the 100 Euro note did is enabled the netting of all debts.