Month: Dec 2011

Financial bailouts explained!

A remarkably simple explanation, courtesy of a Greek Hotel, about financial bailouts!

Last week-end I was indebted to Neil Kelly for supplying a more humorous look at life for Learning from Dogs.  This week-end I turn to friend, Bob D., a corporate airliner Captain out in the Middle East.  Here is Bob’s contribution for today. (Editor’s note: at the time of posting this, 1 euro = 1.3405 US dollars, ergo €100 = $134 – read on, this will make sense.)

No connection with the hotel in the story!

For those interested in world events….

How the Greek bailout package works.

It is a slow day in a damp little Greek town. 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 German tourist is driving through the town, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.

The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.

The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers’ Co-op takes the €100 note and runs to pay his drinks bill at the pub. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him “services” on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.

The hotel proprietor then places the €100 note back on the counter so the rich traveler will not suspect anything. At that moment the traveler comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.

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

And that, Ladies and Gentlemen, is how the bailout package works.

The power of truth

Three things cannot be long hidden: the sun, the moon, and the truth.

The above is a quote attributed to the Buddha.  It is perfect as an introduction to today’s piece.

When I sat down at my PC yesterday afternoon I was planning to finish off a Post about the BBC’s fabulous Frozen Planet TV series.  But a check of my email changed all that.  Because there was an email from Merci O., someone in Payson that Jean and I know well.  Merci had sent me an email with a link to the following YouYube video.

Watch and be moved.

This is a non-commercial attempt to highlight the fact that world leaders, irresponsible corporates and mindless ‘consumers’ are combining to destroy life on earth. It is dedicated to all who died fighting for the planet and those whose lives are on the line today. The cut was put together by Vivek Chauhan, a young film maker, together with naturalists working with the Sanctuary Asia network (www.sanctuaryasia.com).

Content credit: The principal source for the footage was Yann Arthus-Bertrand’s incredible film HOME http://www.homethemovie.org/. The music was by Armand Amar. Thank you too Greenpeace and http://timescapes.org/

First message in a bottle

So what advice would you offer to the next generation?

One of the biggest differences between Homo sapiens and Canis lupus familiaris is that the latter is such a master of living in the present that, one assumes, the issue of worrying about the next generation is largely irrelevant.  Definitely not so with us humans.

A few weeks back I was chatting to a good friend of mine, Peter McCarthy, whom I first met when I undertook a sales and marketing project for one his companies.  That was many years ago but Peter and I have stayed in touch.  One of the many attributes about Peter that I have admired over the years is his instinctive and thoughtful approach to entrepreneurism.  Peter is still an active entrepreneur.

Anyway, Peter and I were talking about the sorts of qualities that enable some young people to take a risk-based entrepreneurial approach to life.  Peter gave me the links to three videos that he thought were especially relevant to the notion of achieving success in life.  So over the next few days I want to share those videos with you, dear reader.  To me, these videos are, indeed, the essence of the messages that any person, especially those the wrong side of 60, would wish to leave in a bottle floating down the river of life.

So to the first.  The address by Steve Jobs to the University of Stanford’s 114th Commencement on June 12, 2005.  Already watched at the time of writing this by 12,690,731 persons!