HT to ITM;
Dear O and M and All ITM readers.
Morning – Are you currently shaking your head wondering what is going on in
> the UK and US financial markets?
>
> Here is a wee story that illustrates it beautifully.
>
> ‘Once upon a time, in a village, a man appeared and announced to the
> villagers that he would buy monkeys for $10 each.
>
> The villagers, seeing that there were many monkeys around, went out to the
> forest and started catching them.
>
> The man bought thousands at $10 and, as supply started to diminish, the
> villagers stopped their effort. He further announced that he would now buy
> at $20 for a monkey. 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 increased to $25 each, and the supply of monkeys
> became so small that it was an effort to even find 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 buy on
> behalf of him.
>
> 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 the man returns from the city, you can sell them to him for $50 each.’
>
> The villagers rounded up all their savings and bought all the monkeys.
>
> They never saw the man nor his assistant again, only monkeys everywhere!
>
Now you have a better understanding of how the stock market works.’
>
> Have a lovely day
Kind regards
Hameed Abid | 10.16.08 – 11:12 am | #
The best explanation of the stock market I have EVER seen. My Econ101 Prof would have hurt his self over this one!
It also pretty much describes the latest wall street scam.
RE: Understand, America dies the day Ohhhhh……BAMA takes office. America IS the Constitution. The Constitution is built on the concept of ‘checks and balances’. With a Demonrat in the Oval Office, Demonrats running Congress, the Courts will be packed as soon as possible (ASAP). The Media will be put down and there will be nothing to prevent the USA from going the way of the Weimar Republic.
That is real change, change you can count on.
A LOT of foolish people are thinking that if this experiment with Marxism doesn’t work out, they can always vote the tyrant out. Tyrants DON’T get voted out, they leave by dying. Either natural or induced, there is no other way.
Ohhhhh…..BAAMA is a young man, so his removal will be induced and the collateral damage will be tremendous.
Worse then that, as the Romans found out about 1600 years ago, removing that first tyrant just opens the way for the second one.
