The following is one of those e-mails that gets forwarded all over the place, but somehow it makes sense in these troubled times. So, because we don’t have much else to offer, we chance this bit of economics. The GUARDIAN just happened to be outside the NYSE as congress was passing the the bailout bill. The photo was made last Tuesday.
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 into 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 monkeys at $20 for each.
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 Wall Street works.
THAT’S WHY WE ARE IN THIS MESS & WHY WE ARE HOLDING MONKEYS WORTH NOTHING & THE GUYS ON WALL STREET HAVE TAKEN OUR MONEY AND GONE ON VACATION. WHAT DOES THE GOVERNMENT DO?
THEY IN TURN GIVE THE MONEY THE VILLAGERS HAVE ENTRUSTED TO THEM TO THE SAME MEN WHO SOLD US THE MONKEYS BEFORE THEY DECAMPED. THAT’ S WHY IT WOULD NOT GET BETTER UNTIL ANOTHER SET OF GUYS COME AROUND AND START BUYING MONKEYS ONCE AGAIN WITH OUR MONEY THAT THE GOVERNMENT GAVE THEM. THIS CONTINUES OVER AND OVER AGAIN AS THE VILLAGES ARE TOO STUPID TO REALIZE WHAT IS HAPPENING. EITHER THEY ARE HOLDING AND FEEDING THE THE MONKEYS OR SELLING THE SAME MONKEYS AT A LOSS.
To insure more advertising-free Boise Guardian news, please consider financial support.