Wednesday, June 17, 2009

Lovely Recession.... :)

Hmmm.. Everyone was writing about the Global Economic Recession and stuff.. I had decided that not once will I post anything related to that.. I mean the job loss, lesser pay, pink slips and stuff.. Everything sounded so depressing... So I made up my mind that I will not write anything on the recession.. Let the Laws of Economics play its role and bring back the boom..

This was what I kept on thinking till I happened to come across the following.. I found it soo interesting that I thought it is worth to be shared with everyone.. So here goes.. :)

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 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 whogave him her services on credit.The prostitute goes quickly to the hotel, as she owed the hotel forher 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 town people look optimistically towards their future.

COULD THIS BE THE SOLUTION TO THE GLOBAL FINANCIAL CRISIS? Or, is there a catch here? A thought worth pondering around huh???

13 comments:

Subhayan Mukerjee said...

nice one :), and thanks for visiting my blog ...

Amrit said...

Hey,

This one was real cool!!! Good economics behind this..come to me. The economist shall explain you this!!! :)

UL said...

simple philosophy, innit? when there is up, there will be down...life is such - it is always a circle, nice one, thank you.

Ashwin said...

@ Subh >> Thanks a lot man..

@ Amrit >> The economics part was what interested me the most... :)

@ UL >> The peaks and Troughs of the economy is what keeps the country running.. But just loved the way the circle is completed so smoothly in the article.. ;)

Shamrez Zack said...
This comment has been removed by the author.
Shamrez Zack said...

I am sure that the small towners would not have analysed and figured how the cycle of economics took them out of their misery... They just went about it with their heart and intuition... An economist would have just cleared 50% of his debt and invested the other 50%... Hence end up not clearing his debt hoping for a future profit...

Moral of the story: Best way to fight recession is to forget the economics, clear your debts and live like there is no tomorrow... ;)

Ashwin said...

@ Zack >> Luvd the Moral.. Live like there z no tomorrow !!! :)

Ginu said...

Nice one ashwin...

Ashwin said...

> Ginu... Thanks a lot Ginu... :)

Dheeraj Kattula said...

Hey,
Did you get this 'Originally' in your mind?
I read such a story years ago, when the face of the own changes when a man comes and orders a costly car...and that is all...

Unknown said...

Hey thats a neat 1..

Vardhan said...

Brilliant post

Ashwin said...

@ Sweta @ Vardhan .. Thanks a tonne guyz... !!