The Take of a Dead Donkey (Banking System) – Quantitative Easing Explained

 

 

Young Thomas bought a donkey from a farmer for £100. The farmer agreed to deliver the donkey the next day.
 
 
The next day he drove up and said, 'Sorry son, but I have some bad news. The donkey died.'
 
Thomas replied, 'Well then just give me my money back.' The farmer said, 'Can't do that. I've already spent it.'
 
Thomas said, 'OK, then, just bring me the dead donkey.' The farmer asked, 'What are you going to do with him?'
 
Thomas said, 'I'm going to raffle him off.' The farmer said, 'You can't raffle a dead donkey!'
 
Thomas said, 'Sure I can. Watch me.. I just won't tell anybody he's dead.'
 
 
A month later, the farmer met up with Thomas and asked, 'What happened with that dead donkey?'
 
Thomas said, 'I raffled him off. I sold 500 tickets at two pounds a piece and made a profit of £898'
 
The farmer said, 'Didn't anyone complain?' Thomas said, 'Just the guy who won. So I gave him his two pounds back !'
 
Thomas went of to work for many well high street banks and is being fast-tracked to be chariman of a bank
 
 
 

Quantitative Price Explained

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omas then went to work for Barclays.

 

Young Thomas bought a donkey from a farmer for £100. The farmer agreed to deliver the donkey the next day.

 
 
The next day he drove up and said, 'Sorry son, but I have some bad news. The donkey died.'
 
Thomas replied, 'Well then just give me my money back.' The farmer said, 'Can't do that. I've already spent it.'
 
Thomas said, 'OK, then, just bring me the dead donkey.' The farmer asked, 'What are you going to do with him?'
 
Thomas said, 'I'm going to raffle him off.' The farmer said, 'You can't raffle a dead donkey!'
Thomas said, 'Sure I can. Watch me.. I just won't tell anybody he's dead.'
 
 
A month later, the farmer met up with Thomas and asked, 'What happened with that dead donkey?'
 
Thomas said, 'I raffled him off. I sold 500 tickets at two pounds a piece and made a profit of £898'
 
The farmer said, 'Didn't anyone complain?' Thomas said, 'Just the guy who won. So I gave him his two pounds back !'
 
Thomas then went to work for Barclays.
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