Same £50 pays off villages debts

mattyg

mattyg

mattyg

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Joined
17 Jun 2007
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Hi guys

Anyone know the explanation regarding the anti cashless system.
There was a thing on twitter a while back explaining how the £50 note paid of everyone's debt..

Not the one going round now about the £50 note still being worth £50.
It was more along the lines of A pays B. B pays C. C pays D etc. So the £50 paid off £1000's worth of debt...

It was trying to show how it just doesn't work like that
 
I think it's possibly a misunderstanding of the idea of spending locally, IE if one pays the gardener, and he buys his shopping from the local store, then the local storekeep buys his drinks from the local pub, then the barkeep pays his local micro brewery, and the local brewer gives the money the the money to the original spenders missus
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, in theory the money stays in the local area.

Which is all well and good, but assumes no one is declaring taxes.
 
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Found it bies..


Lol

It’s a slow day in some little town……..
The sun is hot….the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.
On this particular day a rich tourist from back west is driving thru town.
He stops at the motel and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night.
As soon as the man walks upstairs, the owner grabs the bill and runs next door to pay his debt to the butcher.
The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.
The pig farmer takes the $100 and heads off to pay his bill at the feed store.
The guy at the Farmer’s Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her services on credit.
She, in a flash rushes to the motel and pays off her room bill with the motel owner.
The motel proprietor now places the $100 back on the counter so the rich traveler will not suspect anything.
At that moment the traveler comes down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money & leaves.
NOW,… no one produced anything…and no one earned anything…however the whole town is out of debt and is looking to the future with much optimism.
Click to expand...
 
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mattyg said:
Oh.. how did I manage to **** that up...


Moar wine please
Click to expand...


It’s a slow day in some little town……..
The sun is hot….the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.
On this particular day a rich tourist from back west is driving thru town.
He stops at the motel and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night.
As soon as the man walks upstairs, the owner grabs the bill and runs next door to pay his debt to the butcher.
The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.
The pig farmer takes the $100 and heads off to pay his bill at the feed store.
The guy at the Farmer’s Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her services on credit.
She, in a flash rushes to the motel and pays off her room bill with the motel owner.
The motel proprietor now places the $100 back on the counter so the rich traveler will not suspect anything.
At that moment the traveler comes down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money & leaves.
NOW,… no one produced anything…and no one earned anything…however the whole town is out of debt and is looking to the future with much optimism.
Click to expand...

Theres your problem. They are working off a $100 note. Now that might work but £50 no.
 
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