Seperti halnya buku “Too Big To Fail” dan film “Inside Jobs” tentang runtuhnya Wallstreet 2008, analogi menarik tentang krisis Euro di bawah ini makin menambah pemahaman atas tarian uang di jagad global. Diperoleh dari email berantai… Terimakasih pak GSA.
Euro Crisis 101 (How A Bailout Package Works)
It is a slow day in a damp little Irish town. The rain is beating down harshly, and all the streets are deserted. Times are tough, everybody is in debt and everybody lives on credit.
On this particular day a rich Indonesian tourist is driving through the town, stops at the local hotel and lays a €200 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.
The owner gives him some room-keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €200 note and runs next door to pay his debt to the butcher. The butcher takes the €200 note and rushes down the street to repay his debt to the pig farmer.
The pig farmer takes the €200 note and heads off to pay his bill at the supplier of animal feed and fuel. The guy at the Farmers’ Co-op takes the €200 note and runs to pay his drinks bill at the friendly neighbourhood pub.
The pub owner gives the money along to the local singer and his band at the bar….who, in spite of facing hard times, has always gladly offered him his services on credit.
The singer then rushes over to the hotel and pays off his room bill to the hotel owner with the €200 note. The hotel proprietor quietly replaces the €200 note back on the counter, so that the rich Indonesian traveller will not suspect anything.
At that moment the Indonesian traveller comes down the stairs, states that none of the rooms are satisfactory, picks up the €200 note, pockets it and leaves town.
No one has produced anything. No one has earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism.
And that, ladies and gentlemen, is how a basic financial bailout package works.
That’s exactly how it works… everyone uses cash they don’t own to bail themselves out of nothing.
The problem with Greece is that the rich Indonesian came back downstairs before the money was returned back to the hotelier from the singer…