Aristotle Socrates Onassis of Greece

Can anyone be more Greek than the names in the Headline?

If you have not read Greek Philosophy in the past read this now that Greece is in the news every day.

The great man once [it was close on fifty years ago] took delivery of three new oil tankers in one transaction with a consortium of banks and an ignoramus of a Western News rag asked him about the cost.

“And why three tankers at the same time,” he asked Onassis, adding “that must have cost you quite a penny.”

“Young man,” said Onassis, “let me explain to you how money works at the banks.”

“The banks, Sir, Mister Onassis,” the young reporter asked.

“Yes, young man,” said Onassis,” I don’t own the new vessels yet. The banks advanced me the money to buy them and I must now make sure that they earn the money for me to pay the banks.”

“But what happens if you can’t pay the money?”

“Let me explain, young man,” said Onassis, “when I asked the bank for 100 million [that was the cost of one tanker at the time] they offered me 300 million so I can buy three tankers. I accepted their offer; the attorneys completed the forms and the banks and I signed, and you have now seen my three new tankers.”

“But Sir, Mister Onassis, what happens if you can’t pay the money back?”

“Young man,” said Onassis, “I can now see why you are only a small reporter for a small Ragazine. Allow me asking you a question?”

That pleased the young reporter. “Sure Sir, fire ahead.”

“OK,” the wise old guy said, “tell me what will happen if you owe the bank 1 000 and you can’t repay it?”

“I shall be in trouble, Sir.”

And if you owe the bank 3 000 and can’t pay?”

“I shall be in big trouble, Sir, Mister Onassis. But I don’t understand your line of questioning. I can’t even buy a small boat with a mini engine for 1 000.”

”Son,’ Onassis said, “that I can understand but you have to understand banks and big money. What do you think will happen if I bought only one tanker for 100 million and can’t pay?”

“I guess you will be in trouble, beg your pardon for saying so, Sir.”

“No, young man, that’s not how banks work. I shall explain it to you in short. If I owed them 100 million for one tanker and can’t pay they will be in trouble. With 300 million on three tankers if I can’t pay they will be in big trouble. That’s also the reason I borrow the money from a consortium of foreign banks for the safety of Greece. They are literally willing to throw us as much money as we ask for.

This comes to you with compliments and acknowledgement for the story to Readers Digest.

In the EU at this time Frau Merkel is in big trouble.

 Ike Jakson

In Americus GA saka Americoon

ikejakson@gmail.com

 

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