November 20, 2017

NAMA explained ….now you know.

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Where did he possibly learn how to do it ?
Where did he possibly learn how to do it ?

It is the month of October, a resort town sits next to the shores of a lake. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit.

Suddenly, a rich tourist comes to town. He enters the only hotel, lays a 100 Euro note on the reception counter, and goes to inspect the rooms upstairs in order to see if they are suitable.

The hotel proprietor takes the 100 Euro note and runs to pay his debt to the butcher.The Butcher takes the 100 Euro note, and runs to pay his debt to the pig raiser. The pig raiser takes the 100 Euro note, and runs to pay his debt to the supplier of his feed and fuel.The supplier of feed and fuel takes the 100 Euro note and runs to pay his debt to the
town’s prostitute that in these hard times, gave her “services” on credit.The hooker runs to the hotel, and pays off her debt with the 100 Euro note to the hotel proprietor to pay for the rooms that she rented when she brought her clients there.

The hotel proprietor then lays the 100 Euro note back on the counter so that the rich tourist will not suspect anything. At that moment, the rich tourist comes down after inspecting the rooms, and takes his 100 Euro note, after saying that he did not like any of the rooms, and leaves town.

No one earned anything. However, the whole town is now out of  debt, and looks to the future with a lot of optimism .

And that, ladies and gentlemen, is how the Irish Government is doing business today.

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