The Day R5000 Came to Town
It`s a hot day in a small South African town, the streets are deserted, times are tough and everybody is in debt and everybody lives on credit.
On this particular day a tourist drives into town. He stops at the motel and lays R5000 on the desk saying that he wants to inspect the rooms and choose one to spend the night.
As soon as he walks upstairs, the motel owner grabs the R5000 and runs next door to pay his debt to the butcher.
The butcher takes the R5000 and runs down the street to pay his debt to the pig farmer. The pig farmer takes the R5000 and heads off to pay his debt to the feed store.
The guy at the feed store takes the R5000 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 runs to the motel and pays the owner for the previous use of a room. The motel owner puts the R5000 back on the counter so the tourist will not suspect anything.
Just as he does that, the tourist comes down the stairs, picks up his R5000 and says that the rooms are not to his liking, puts the money in his pocket and leaves town.
What is the role of money? What is our current economic system of the stock markets based on?
Source: CEC Australia
Hamiltonian National Banking – Robert Barwick – 26-02-2017