It is August. In a small town on the South Coast of Tamilnadu, but it is raining so there is not too much business happening. Everyone is heavily in debt.Luckily, a rich Marwari arrives in the foyer of the small local hotel. He asks for a room and puts a Rs. 1000 note on the reception counter, takes a key and goes to inspect the room located up the stairs on the third floor.The hotel owner takes the banknote in hurry and rushes to his meat supplier to whom he owes 1000.The butcher takes the money and races to his supplier to pay his debt.The wholesaler rushes to the farmer to pay 1000 for pigs he purchased some time ago.The farmer triumphantly gives the 1000 note to a wine shopkeeper who gave him services on credit.The wine shopkeeper goes quickly to the hotel, as he owed the hotel room for one day and didn’t paid on that day.
At that moment, the Marwari is coming down to reception and informs the hotel owner that the proposed room is unsatisfactory and takes his 1000 back and departs.There was no profit or income. But everyone no longer has any debt and the small town people look optimistically towards their future.
COULD THIS BE THE SOLUTION TO THE Global Financial Crisis in Recession time?
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