Mr Debt had various houses called Banks and he would move from one Bank to another, because these houses, the Banks, were a clever lot, or at least they thought they were. ‘X’ Bank would tell the people to feed Mr Debt in their premises because they can get more stuff in return if they did so. The People believed them and went on feeding Mr Debt at various places, little realising that he would devour them one day when they stop feeding him. A time came when Mr Debt became so fat that when he stretched a bit, the Banks’ foundations would tremble.
Meanwhile, the place where these three — Mr Debt, Banks, People — lived, called the bubble, was bursting at its seams. One fine morning, unable to bear the strain of so much of foolish activity, the bubble burst. And Mr Debt, the People, the Banks had no place to live in.Moral of the story: Wake up, Central Bank, before the bubble bursts.