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Originally posted by Hells CaretakerYes, but not for long. 😲
Sorry, if they all prefer any currency other than the Dollar why would they convert to it? They don't all have pounds...They have Euro's!!!
Mwhahahahaha, you fell for that one bub!! 😵
There is no way around it, this world is ruled by idiots, morons, and theives.
Originally posted by sh76The anecdote illustrates several truths. First is that economics isn't a zero sum game. The note is multiplied each time it is exchanged.
Yes, this is an old one.
The only major problem with it is that everyone on your list has a neutral balance sheet and so are not really in debt.
If countries like Greece and Spain and Portugal really had neutral balance sheets, everything would be okay. To compare this example to real life, the pig farmer, for example, would have to have €6,000 in other ...[text shortened]... mple that don't work and expect to live off of taxation of the pig farmer and hotel owner, etc.
The problem not confronted is what happens if the traveler returns prior to the completion of the other transactions? Or someone, anyone, short circuits the money's travel back to the Inn keeper?
The innkeeper has committed theft by conversion, by using the money held as a deposit for his own purposes. That would be the same as a landlord converting a security deposit to his own use instead of properly depositing it in an escrow account. Kind of the same as the US treasury does with your tax money prior to your filing for a return.
Originally posted by normbenign😀
The anecdote illustrates several truths. First is that economics isn't a zero sum game. The note is multiplied each time it is exchanged.
The problem not confronted is what happens if the traveler returns prior to the completion of the other transactions? Or someone, anyone, short circuits the money's travel back to the Inn keeper?
The innkeeper ...[text shortened]... ind of the same as the US treasury does with your tax money prior to your filing for a return.