World Financial Mess

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RicG
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World Financial Mess

Postby RicG » Thu Oct 09, 2008 10:45 pm

This parable says it all:

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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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 10, 2008 3:50 am

There's a sucker born every minute...LMAO!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

xmess7
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Re: World Financial Mess

Postby xmess7 » Fri Oct 10, 2008 5:30 am

RicG wrote:This parable says it all:

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!


LOL!!

Hey, isn't that what the money changers do in real time?? ;)

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