Beer and wine bring down the euro!
+ Reply to Thread
Results 1 to 10 of 10

Thread:
Beer and wine bring down the euro!

  1. #1
    gn7
    gn7 is offline
    Senior Member gn7's Avatar
    Join Date
    Jan 2008
    Posts
    25,975

    Default Beer and wine bring down the euro!

    So whos fault is this.

    I am certain the libtards will be fast to blame the finacial sector, or even the greedy Helga for concieving the evil scheme, although no unemployeed drunkards were harmed, and she went bankrubt.

    No matter, no self respecting libtard dimbulb will blame the unemployeed drankard bastards. They were entitled!



    Helga is the proprietor of a bar.

    She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later.

    Helga keeps track of the drinks consumed on a ledger (thereby granting the customers' loans).

    Word gets around about Helga's "drink now, pay later" marketing strategy and, as a result, increasing numbers of customers flood into Helga's bar. Soon she has the largest sales volume for any bar in town.

    By providing her customers freedom from immediate payment demands, Helga gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages.

    Consequently, Helga's gross sales volume increases massively.

    A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Helga's borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

    At the bank's corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS. These "securities" then are bundled and traded on international securities markets.

    Naive investors don't really understand that the securities being sold to them as "AA" "Secured Bonds" really are debts of unemployed alcoholics.

    Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

    One day, even though the bond prices still are climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Helga's bar. He so informs Helga.

    Helga then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts.

    Since Helga cannot fulfil her loan obligations she is forced into bankruptcy. The bar closes and Helga's 11 employees lose their jobs.

    Overnight, DRINKBOND prices drop by 90%. The collapsed bond asset value destroys the bank's liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

    The suppliers of Helga's bar had granted her generous payment extensions and had invested their firms' pension funds in the BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds.

    Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers. Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multibillion dollar no-strings attached cash infusion from their government.

    The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who have never been in Helga's bar.



    To bad the liberal socialist pukes can't see the real problem here.




    100% free webcam site! | Awesome chicks and it is absolutely free! | Watch free live sex cam - easy as 1-2-3

  2. Remove Advertisements
    PerformanceBoats.com
    Advertisements
     

  3. #2
    Member
    Join Date
    Apr 2008
    Posts
    1,512

    Default

    Could it be the liberal socialist pukes have a drinking problem ?

    America is the land of equal opportunity, not equal success.
    “I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” .. Thomas Jefferson

  4. #3
    Senior Member brgrcru's Avatar
    Join Date
    Mar 2008
    Location
    Montrose
    Posts
    2,676

    Default

    How did my wife's (Helga) name get into this.

  5. #4
    gn7
    gn7 is offline
    Senior Member gn7's Avatar
    Join Date
    Jan 2008
    Posts
    25,975

    Default

    How dare you accuse the poor down and out unemployeed alcoholics. Its not their fault! They have been oppressed by the system and are only drinking to help with their depression brought on by the capitolist greed. Haven't you learned anything from R&J, zombie and ram?



    100% free webcam site! | Awesome chicks and it is absolutely free! | Watch free live sex cam - easy as 1-2-3

  6. #5
    Senior Member riverfun's Avatar
    Join Date
    Feb 2008
    Location
    Long Beach/Needles
    Posts
    544

    Default The real start to it all

    What you forgot to mention is the real reason Helga started down this road is because the local GOVERNMENT said that they would pull her liquor license if she DID NOT sell the Beer and wine to her under employed bar customers!!!

  7. #6
    gn7
    gn7 is offline
    Senior Member gn7's Avatar
    Join Date
    Jan 2008
    Posts
    25,975

    Default

    Quote Originally Posted by riverfun View Post
    What you forgot to mention is the real reason Helga started down this road is because the local GOVERNMENT said that they would pull her liquor license if she DID NOT sell the Beer and wine to her under employed bar customers!!!
    damn!!!!! Your right! But try to rememeber that this was Europe. Only in the U.S. do we have a system that is so intrusive as to dictate something like that on a free enterprise system, where moron lawyer politicians tell vastly more intelligent business people how to run their operation. When the business politicians try to stop it, they are called non progressives.



    100% free webcam site! | Awesome chicks and it is absolutely free! | Watch free live sex cam - easy as 1-2-3

  8. #7
    Senior Member jorndy's Avatar
    Join Date
    Sep 2010
    Location
    Some Where Between lost and found
    Posts
    580

    Default

    Quote Originally Posted by brgrcru View Post
    How did my wife's (Helga) name get into this.
    Does she own a bar that just went bankrupt???

  9. #8
    Senior Member brgrcru's Avatar
    Join Date
    Mar 2008
    Location
    Montrose
    Posts
    2,676

    Default

    Quote Originally Posted by jorndy View Post
    Does she own a bar that just went bankrupt???
    Well, she is my wife, so she probably owns more then 1/2, but I don't do tabs, and not BK yet, so it must be the wrong Helga. Whew! Not many with that name.

  10. #9

  11. #10
    SR
    SR is offline
    Cajun Member SR's Avatar
    Join Date
    Jan 2008
    Location
    Laf. Louisiana
    Posts
    1,436

    Default

    Quote Originally Posted by gn7 View Post
    There musta been a bad ground...........Ya musta made contact..........................................................

+ Reply to Thread

Quick Reply Quick Reply

Register Now

Please enter the name by which you would like to log-in and be known on this site.

Please enter a password for your user account. Note that passwords are case-sensitive.

Please enter a valid email address for yourself.

Please select your insurance company (Optional)

Log-in

Tags for this Thread

Digg This Thread

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95