| Acts20.com https://acts20.com/ |
|
| Financial Puzzler.... https://acts20.com/viewtopic.php?t=86916 |
Page 1 of 1 |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Aaron Scott: Financial Puzzler.... |
| Do you remember that little tale about a man who went to a motel, put down a $100 bill and went to inspect the room? While he was gone, the motel owner took the $100 and paid off his dry cleaners bill...the owner of the dry cleaners took the $100 and paid off the lawn man...the lawn man, who had borrowed a $100 from the school principal, paid him off...the principal paid off the motel owner for a room that a visiting dignitary had used.About that time, the man who had been inspecting the room came back down and said, I've decided not to stay. And with that, he took back his $100 bill and left. And yet many debts were settled in that short length of time.IT GOT ME TO THINKING....If it could be ORGANIZED just right, consider that someone could borrow, say, $1000 from the bank (or a credit card, perhaps)...use it to pay off this or that debt...that person would pay off another debt...that person would in turn pay off yet another debt...and eventually that $1000 would come back to the person who took out the loan. He would then pay back the loan (perhaps with no interest at all, if it took place fast enough; but even with interest, he would have paid off a $1000 debt for, say, $25 in interest).I keep puzzling away on this, but can't quite make out why this isn't a splendid idea! It seems that if done right, it organized to the nth degree, a loan of $1000 (or a trillion dollars) could be used to create a tremendous alleviation of debt in a matter of (with computers) SECONDS...all for the interest on the loan.It's true, you don't get to KEEP the money that is paid to you...but at the same time, you PAID OFF a debt, which nets out to a good deal for everyone. |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Link: |
| You should look up the multiplier effect and see how money is created by individuals borrowing money and putting it back in the bank. There are videos on it on YouTube that can explain it |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | UncleJD: |
| remember Accounting 101.when the guy leaves with his $100. The motel owner has gained nothing. He has merely shifted his accounts payable and receivable which were in balance at $0 already (he owed $100 and was owed $100 for a balance of $0). When the man left, he was now at $0 in both columns, for the same net $0. |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | c6thplayer1: |
| Its done that way everyday...1. You work for a tractor Company and get paid.2. You go to store and pay for your groceries.3. The Grocery store Pays the farmer.4. The farmer buys tractors from your company. |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Aaron Scott: It seems like a possible way to facilitate the erasure of massive amounts of debt. |
| Yes, it is just a clearing procedure (which the money facilitates), but it made me think that if a massive group of people could organize themselves appropriately, they could indeed clear massive amounts of debt, all without spending little or nothing. |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Cojak: Re: Financial Puzzler.... |
| The way I see it is someone must owe you $1000 in the beginning for the $1000 to come back to you! Imma thinking! YOu are trying to wear my brain out! Some facts but mostly just my [email protected]/ |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Nature Boy Florida: |
| Economics 101 |
| Page 1 of 1 | All times are UTC-04:00 |
| Powered by phpBB® Forum Software © phpBB Limited | |