bart_calendar (bart_calendar) wrote,
bart_calendar
bart_calendar

The Global Economy

This morning has been spent with a client in Italy sending me in Montpellier, France, emails in Italian asking how she can pay my invoice via wire to my bank in New Jersey, USA. (Europe uses an IBAN wire transfer system and the US uses a SWIFT transfer system.)

I then forward those emails to Rome Girl in Dijon, France, who then tells me what they mean in English and then emails me what to copy and paste back to the client in Italian.

When my Italian client finally figures out how to send the money to my US bank, I'll take the money out of an ATM in France. Part of that money will be given to my cleaning lady who will then Western Union part of it to her relatives in Morocco.

Another section of that money will be given to the EDF, my French electric company, which recently raised our electric bills to pay for infrastructure improvements in the UK and Germany, which means that a small portion of that money will end up in the hands of people in those countries.

Some of that money will be spent at the Robin Hood Pub, which is owned by the UK based John Bull Co., but managed by an Irish woman whose bonus is based on how much beer she sells each quarter. I'll tip the bar staff over the course of the week - who are from Wales, South Africa, Sweden and Czechoslovakia.

Another portion of that money will go to the English language bookstore in town which is owned by Germans, but buys their books wholesale from Amazon.co.uk, a UK based subsidiary of a US company. Some of those books will be crime novels translated from pretty much every Scandinavian country that exists, providing royalties to both the publishers and authors in those countries.

Just think about that incredible transfer of money from one single source over multiple international economies in a matter of days.
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