How a bail-out works.

Pookie

Pookie

Veteran
The rain beats down on a small Irish town. The streets are deserted. Times are tough. Everyone is in debt and living on credit. A rich German arrives at the local hotel, asks to view its rooms, and puts on the desk a €100 note. The owner gives him a bunch of keys and he goes off for an inspection.
As soon as he has gone upstairs, the hotelier grabs the note and runs next door to pay his debt to the butcher. The butcher hurries down the street to pay what he owes to his feed merchant. The merchant heads for the pub and uses the note to pay his bar bill. The publican slips the note to the local hooker who's been offering her services on credit. She rushes to the hotel to pay what she owes for room hire. As she puts the €100 note on the counter, the German appears, says the rooms are unsuitable, picks up his €100 note and leaves town.

No one did any work. No one earned anything. Everyone is out of debt. Everyone is feeling better. And that is how a bail-out works.
 
David Jimerson said:
This thread is not promising to go anywhere good.
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I blame Horse.....

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Although the religion bashing part of the Zeitgeist is not healthy (you don't recruit people by embarrassing them), I really like the idea of a resource based economy.

A bunch of us have actually bought property next to a river and have begun a kind of commune for creative problem solvers. We do all sorts of stuff like movies, ads, games etc. and 90% of what is earned simply goes back into developing the land into something we all enjoy. We have individual bank accounts for our royalties and points but I haven't needed to use personal money for anything other than equipment in almost a year now.

As soon as we can, we want to buy a piece of land at a river mouth so that we have access to the sea and a river simultaneously. (Awesome alternative energy and desalination sources).

I know it's a pipe dream to have a resource based economy in the near future, so we create our own economy within the traditional economy. The difference is, in our economy, we play games, watch movies, play paintball or whatever we like and work whenever inspiration hits, which is more often than you would think.

The only currency that matters to me is quality of life. Nuff said.
 
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