If you have difficulty understanding the current world financial situation, the following should help clear matters...I received this from my friend who is a missionary/evangelist in Africa. Once upon a time in a village in
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 slowed their efforts.
So the man then announced that he would buy at $20. This rejuvenated the efforts of the villagers and they were catching monkeys once more.
But again the supply diminished, and again people began returning to their farms and their previous, less affluent lives.
The offer rate increased to $25 and the supply of monkeys became so little that it was rare 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 $30 each. When he returns from the city, you can sell them back to him for $50.'
The villagers, seeing an opportunity to squeeze a bit more out of this monkey business dug up their savings and bought back all the monkeys.
They never saw the man or his assistant again; only monkeys ... everywhere!
Welcome to Wall Street!
