Credit Crunch Solution
05-13-2009, 05:55 PM
#1
Boost Pope
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Location: Chicago. (The less-murder part.)
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Credit Crunch Solution
It is August. In a small town on the South Coast of France, holiday season is in full swing, but it is raining so there is not too much business happening.
Everyone is heavily in debt.
Luckily, a rich Russian tourist arrives in the foyer of the small local hotel.
He asks for a room and puts a Euro100 note on the reception counter, takes a key and goes to inspect the room located up the stairs on the third floor.
The hotel owner takes the banknote in a hurry and rushes to his meat supplier to whom he owes E100.
The butcher takes the money and races to his supplier to pay his debt.
The wholesaler rushes to the farmer to pay E100 for pigs he purchased some time ago.
The farmer triumphantly gives the E100 note to a local prostitute who gave him her services on credit.
The prostitute goes quickly to the hotel, as she was owing the hotel for her hourly room use to entertain clients.
At that moment, the rich Russian is coming down to reception and informs the hotel owner that the proposed room is unsatisfactory and takes his E100 back and departs.
There was no profit or income, but everyone no longer has any debt and the small townspeople look optimistically towards their future.
Everyone is heavily in debt.
Luckily, a rich Russian tourist arrives in the foyer of the small local hotel.
He asks for a room and puts a Euro100 note on the reception counter, takes a key and goes to inspect the room located up the stairs on the third floor.
The hotel owner takes the banknote in a hurry and rushes to his meat supplier to whom he owes E100.
The butcher takes the money and races to his supplier to pay his debt.
The wholesaler rushes to the farmer to pay E100 for pigs he purchased some time ago.
The farmer triumphantly gives the E100 note to a local prostitute who gave him her services on credit.
The prostitute goes quickly to the hotel, as she was owing the hotel for her hourly room use to entertain clients.
At that moment, the rich Russian is coming down to reception and informs the hotel owner that the proposed room is unsatisfactory and takes his E100 back and departs.
There was no profit or income, but everyone no longer has any debt and the small townspeople look optimistically towards their future.
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There has got to be a way to help EVERYONE in the world somehow.
05-14-2009, 05:14 PM
#5
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Join Date: Sep 2007
Location: Alamo City, Tejas
Posts: 771
Total Cats: 1
Just remember, as they increase the amount of printed currency in circulation they devalue all currencies simultaneously. Joe is alluding to the shell game that is floating credit.
There is no easy (or single) answer...
There is no easy (or single) answer...
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05-14-2009, 09:20 PM
#6
Giving money to failing companies that should have gone bankrupt years ago....isn't a good solution either. This is one of those situations where things must get worse before they get better. Let auto-manufacturers close down because they are just huge moneypits anyways, let people who know how to make cars do their jobs. Stop wasting money on biofuels and just get the stuff from Brazil. I read that something like 40% of their cars are Biofuel from Sugar cane, not corn, thats why their biofuel works. Then food prices will drop. You can't cure a credit problem with more credit.....Either that or just start bombing someone and make a big war.......seemed to work ok after the last recession
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05-15-2009, 08:52 AM
#10
Boost Czar
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Location: Chantilly, VA
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You guys don't want to spend $77 million dollars to upgrade 5 border posts in Montana, that each, see a total of 2-3 cars a day?
I don't believe TX is getting anything to upgrade the posts that see over 20,000 cars a day...
I don't believe TX is getting anything to upgrade the posts that see over 20,000 cars a day...
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05-15-2009, 09:57 AM
#12
Boost Czar
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Join Date: May 2005
Location: Chantilly, VA
Posts: 79,490
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I think there are 5 posts getting around 17 million each. this is post 9-11, we gotta invest to protect the borders.....8 years later.
edit:
edit:
Montana northern border ports to receive estimated $77 million
Stimulus money will create jobs, improve commerce & security
Friday, April 17, 2009
(BIG SANDY, Mont.) – Five ports of entry along Montana’s northern border with Canada will receive an estimated $77 million in funding thanks to the recently passed stimulus bill, Senators Max Baucus and Jon Tester announced today.
The $77 million will boost Montana’s economy by creating jobs and investing in ports of entry that keep America safe and facilitate cross-border commerce.
Baucus and Tester said the stimulus bill will set aside the following funding for Montana (final dollar amounts will depend on the final contracts awarded):
The $77 million announced today is in addition to the nearly $1 billion Montana is already receiving from the federal stimulus plan, which Baucus and Tester call the Jobs Bill. The Jobs Bill is also delivering more than $500 million in tax relief to Montana residents.
Baucus, chairman of the powerful Senate Finance Committee, has long been an advocate of securing the northern border and recently pushed for funding during a meeting with Homeland Security Secretary Janet Napolitano.
“This is good news for all of Montana and especially for communities across the northern tier,” Baucus said. “I helped write the Jobs Bill because it’s a smart way to create good-paying jobs and turn our economy around, and I’m glad to see that funding is going to good projects like ports of entry along our northern border.”
Tester, a member of both the Senate Homeland Security Committee and the Homeland Security Appropriations Subcommittee, also pushed Napolitano for funding. He also urged the federal government to invest in new facilities while touring the Port of Scobey with then-Deputy Homeland Security Secretary Paul Schneider last summer.
“This is another reason I supported and voted for the Jobs Bill,” Tester said. “Investing in these ports strengthens our homeland security and increases our commercial opportunities on the Hi-Line. This will pay off for generations to come by creating new jobs and opportunity that will benefit all of Montana.”
Earlier this week, Baucus and Tester announced that the Jobs Bill will provide an additional $60 million to help build the Ft. Peck/Dry Prairie Rural Water System and the Rocky Boys/North Central Regional Water System—projects which will create jobs and invest in clean, reliable drinking water for tens of thousands of Montanans.
Stimulus money will create jobs, improve commerce & security
Friday, April 17, 2009
(BIG SANDY, Mont.) – Five ports of entry along Montana’s northern border with Canada will receive an estimated $77 million in funding thanks to the recently passed stimulus bill, Senators Max Baucus and Jon Tester announced today.
The $77 million will boost Montana’s economy by creating jobs and investing in ports of entry that keep America safe and facilitate cross-border commerce.
Baucus and Tester said the stimulus bill will set aside the following funding for Montana (final dollar amounts will depend on the final contracts awarded):
- Port of Scobey: $14,969,565
- Port of Wild Horse: $15,869,565
- Port of Del Bonita: $16,469,565
- Port of Morgan: $14,469,565
- Port of Whitetail: $15,469,565
TOTAL: $77,247,160
The $77 million announced today is in addition to the nearly $1 billion Montana is already receiving from the federal stimulus plan, which Baucus and Tester call the Jobs Bill. The Jobs Bill is also delivering more than $500 million in tax relief to Montana residents.
Baucus, chairman of the powerful Senate Finance Committee, has long been an advocate of securing the northern border and recently pushed for funding during a meeting with Homeland Security Secretary Janet Napolitano.
“This is good news for all of Montana and especially for communities across the northern tier,” Baucus said. “I helped write the Jobs Bill because it’s a smart way to create good-paying jobs and turn our economy around, and I’m glad to see that funding is going to good projects like ports of entry along our northern border.”
Tester, a member of both the Senate Homeland Security Committee and the Homeland Security Appropriations Subcommittee, also pushed Napolitano for funding. He also urged the federal government to invest in new facilities while touring the Port of Scobey with then-Deputy Homeland Security Secretary Paul Schneider last summer.
“This is another reason I supported and voted for the Jobs Bill,” Tester said. “Investing in these ports strengthens our homeland security and increases our commercial opportunities on the Hi-Line. This will pay off for generations to come by creating new jobs and opportunity that will benefit all of Montana.”
Earlier this week, Baucus and Tester announced that the Jobs Bill will provide an additional $60 million to help build the Ft. Peck/Dry Prairie Rural Water System and the Rocky Boys/North Central Regional Water System—projects which will create jobs and invest in clean, reliable drinking water for tens of thousands of Montanans.
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05-19-2009, 06:31 AM
#20
And then demanding that our schools teach Canadian English, eh. What's that all aboat?
For a mere 50 million we could buy everyone in Canada a horse and make them all mounties.
Frank
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