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	<title>explained Archives - Good News!</title>
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		<title>The Bailout Explained</title>
		<link>https://goodnewsplanet.com/the-bailout-explained/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Mon, 13 Aug 2012 18:40:52 +0000</pubDate>
				<category><![CDATA[Good News To Go]]></category>
		<category><![CDATA[Politics and Government]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[explained]]></category>
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					<description><![CDATA[<p>The Bailout &#8211; explained simply It is a slow day in a little Village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich tourist is driving through the village, stops at the local hotel and lays &#8230;</p>
<p>The post <a href="https://goodnewsplanet.com/the-bailout-explained/">The Bailout Explained</a> appeared first on <a href="https://goodnewsplanet.com">Good News!</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The Bailout &#8211; explained simply<br />
<a href="http://goodnewsplanet.com/wp-content/uploads/2012/08/bailout.jpg"><img decoding="async" class="alignleft  wp-image-20388" title="bailout" src="http://goodnewsplanet.com/wp-content/uploads/2012/08/bailout.jpg" alt="" width="270" height="150" /></a><br />
It is a slow day in a little Village.</p>
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<div>The rain is beating down and the streets are deserted.</div>
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<div>Times are tough, everybody is in debt, and everybody lives on credit.</div>
</div>
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<div>On this particular day a rich tourist is driving through the village,</div>
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<div>stops at the local hotel and lays a E100 note on the desk,telling the hotel</div>
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<div>
<p>&nbsp;</p>
</div>
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<div>
<p>owner he wants to inspect the rooms upstairs in order pick one to spend the night.</p>
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<div>The owner gives him some keys and, as soon as the visitor has walked upstairs,</div>
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<div>the hotelier grabs the E100 note and runs next door to pay his debt to the butcher.</div>
</div>
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<div>The butcher takes the E100 note and runs down the street to repay his debt to the pig farmer.</div>
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<div>The pig farmer takes the E100 note and heads off to pay his bill at the supplier of feed and fuel.</div>
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<div>The guy at the Farmers&#8217; Co-op takes the E100 note and runs to pay his drinks bill at the taverna.</div>
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<div>The publican slips the money along to the local prostitute drinking at the bar, who has also been</div>
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<p>&nbsp;</p>
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<p>facing hard times and has had to offer him &#8220;services&#8221; on credit.</p>
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<div>The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the ¤100 note.</div>
</div>
<div>
<div>The hotel proprietor then places the E100 note back on the counter so the rich traveller will not suspect anything.</div>
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<div>At that moment the traveller comes down the stairs, picks up the E100 note,states that the rooms are not satisfactory,</div>
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<div>
<p>&nbsp;</p>
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</div>
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<div>
<p>pockets the money, and leaves town. No one produced anything. No one earned anything.</p>
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<div>However, the whole village is now out of debt and looking to the future with a lot more optimism. And that,</div>
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<p>&nbsp;</p>
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</div>
<p>Ladies and Gentlemen, is how the bailout package works</p>
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