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Dummies Guide to What Went Wrong in Europe - Baw

Quicklink submitted by Dr Stuart Jeanne Bramhall     Permalink
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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. 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.

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At wildoxgib.com

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The blog site is European but, as we all know, the... by Dr Stuart Jeanne Bramhall on Friday, Dec 16, 2011 at 4:09:16 PM