Myrtle Beach, SC/ Golfing News - The Myrtle Beach, SC area, long a mecca to golfers with over 130 courses available to play ,have turned to a unique idea to combat a 20% drop off
in revenue due to a horrible economy.
A spokesman for the industry now says they will use the barter system, and exchange rounds of play for shares of stocks in ailing companies.
The exchange rate will be based on "market price" at the time of tee off, utilizing the same rules as local seafood restaurants, that don't want anything that smells bad hanging around too long either.
At Tee Time today, depending on the course, 75 shares of Bank of America stock will enable you to play an uninterrupted 18 hole round. In the case of Citi Bank, 100 shares will get you at least 9, but share prices will be reevaluated at the turn. If the stock tanks, you will be given a 9 hole "rain check", good at least until 2010 or 2012 when the Republicans are again expected to regain control of he country and restore the economy.
Players from Michigan have been put on alert however, that shares from their Pension Plan including stock in Ford, GM and Chrysler are not being accepted at this time due to the volatility of the market, and the fact that the shares are virtually worthless.
Canadian tourists, usually a prime source for golf funds and tourist dollars for the Grand Strand have also been cautioned that shares of the Canadian Public Broadcasting System have also been put on the Terror Watch List, and will be immediately burned if presented.
Spirit Airlines says bookings are up since the announcement, and expect the new program will help stimulate the SC economy, at least until the Obama Administration nationalizes the last of the publicly traded companies on the big board. When that happens, a spokesman said, they will accept canned goods and other dry food stuffs in exchange for a 4 night 3 day fly & play Golf Package at a Premier Resort.
President Obama, a new, but avid amateur golfer, tentatively agreed with the new plan and was willing to participate. The administration at Myrtle Beach International is mulling over the opportunity of swapping a three day package in Myrtle Beach, with 5 days and 6 nights in the Lincoln Bedroom, although they have been told they will have to share a bathroom down the hall.