How bond works

It's a slow day in a small town and the streets are deserted. Times are tough, everybody is in debt, and everyone is living on credit. A tourist visiting the area drives through the town, stops at the motel and lays $100 bil on the desk
saying he wants to inspect the rooms upstairs to pick one for the night. As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher. (now....pay attention) The butcher takes the $100 and runs down the street to retire his debt to the pig farmer. The pig farmer takes the $100 and heads off to pay his bill to his supplier, the co-op. The guy at the co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit. Now the hooker rushes to the motel and pays off her room bill with the motel owner. At that moment the traveler comes back down the stairs, stating that the rooms are not satisfactory picks up the $100 bill and leaves. No one produced anything and no one earned anything! However. ...the whole town now thinks that they are out of debt and there is a false atmosphere of optimism and glee! And that is how Zimbabwe works in bond notes

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