Understanding the currect world financial situation- Made Simple, Simply the Indian way.
> If you have difficulty understanding the current world > financial situation, the following should help... > > Once upon a time in a village in India , a man announced to > the villagers that he would buy monkeys for $10. > > The villagers seeing there were many monkeys around, went > out to the forest and started catching them. The man bought > thousands at $10, but, as the supply started to diminish, > the villagers stopped their efforts. The man further > announced that he would now buy at $20. This renewed the > efforts of the villagers and they started catching monkeys > again. > > Soon the supply diminished even further and people started > going back to their farms. The offer rate increased to $25 > and the supply of monkeys became so little that it was an > effort to even see a monkey, let alone catch it! > > The man now announced that he would buy monkeys at $50! > However, since he had to go to the city on some business, > his assistant would now act as buyer, on his behalf. > > In the absence of the man, the assistant told the > villagers: ' Look at all these monkeys in the big cage > that the man has collected. I will sell them to you at $35 > and when he returns from the city, you can sell them back to > him for $50. ' > > The villagers squeezed together their savings and bought > all the monkeys. > > Then they never saw the man or his assistant again, only > monkeys everywhere! Welcome to WALL STREET. |
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