Negative supply from single positive supply

Opamps are very useful. But one of their major drawbacks is the requirement of a dual supply. This seriously limits their applications in fields where a dual supply is not affordable or not practicable.
This circuit solves the problem to a certain extent. It provides a negative voltage from a single positive supply. This negative voltage together with the positive supply can be used to power the opamps and other circuits requiring a dual supply.
The circuits operation can be explained as follows:
The 555 IC is operating as an astable multivibrator with a frequency of about 1kHz. A square wave is obtained at the pin 3 of the IC . When the output is positive, the 22uF capacitor charges through the diode D1. When the output at pin 3 is ground, the 22uF discharges through the diode D2 and charges the 100uF capacitor is charged. The output is taken across the 100uF capacitor as shown in the figure.