How Is This Possible? (9 pics)

how?X

They were all in debt to each other, and they all paid each other back so technically they are out of debt?

oookk

A truly sad example of where the world is today.

If all the countries were able to balance out who owed who, and how much, this would ring a larger more resounding note than we may all be able to conceive of.

It doesn't matter if it's true or not, this is where we are.

Shit, isn't it!

it only works because the first guy stole the money. That is how it got started. He didn't produce anything.

He was a banker. The government gave it to him from their taxes.

I doubt they are out of debt. Not everyone owes the same exact amount in the country.

Doesn't work that way.

What a village

ok

Hahahaha!

Another version ends like this : the german says "you can keep that bill, in fact it's counterfeit"...

hahahahahahahaha

Somewhere down the line somebody did not produce anything, and NAK5891 rules.

wtf

Its the hookers billl, the hotel owners earned money, thats been taken by the villagers and cleared all the debt.

sadfgbzdfb

In Sweden the government would have taken 25% in every transaction except the ones made between companies. Therefore Sweden works, thus making the inhabitants poorer and poorer.

Best part is since the hotel owner was able to use the dollar and all transactions were made immediately to replace it before the tourist came back, all the money was debt free! Since this illustration shows Greeks as poor, it made me think of this Stranger's With Candy Quote: "Greeks are just Jews without money." referenced in the link below.

http://www.youtube.com/watch?v
=QbRoX0qwU6E

this is a fine example of how we actually can live without money, and can only resources.

Oh, I like that one too many!

The answer is because there is no debt to begin with. No debt in the sense that more money is owed to others than is owed to the people paying the debts. It starts with the hotel manager being $100 in [/i]debt[i] to the butcher. He really isn't in debt because the hooker owes him $100 as well. In accounting terms it is an account receivable. Everyone in this story owes $100 to someone else but at the same time is in fact owed $100 by another person resulting in no net gain or loss.

In the beginning there is $500 owed (liability) and $500 to be received (asset) the town in a macro sense has no debt at all.

carmel33,

Good explanation!