A great story about the Wall Street mess

rayfromsea

> 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.