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!
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Title : the monkey business
Description : If you have difficulty understanding the current world financial situation, the following should help... Once upon a time in a village in I...
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