I came across a story that is relevant to how the agents of capitalism fleece money from gullible people and I thought to share with my readers.
Once upon a time in a village in India , a man announced to the villagers that he would buy monkeys for $5 each.
The villagers, seeing there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $5, but, as the supply started to diminish, the villagers stopped their efforts.
So the man 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 dropped so much that it was an effort to even see a monkey, let alone catch one!
The man now announced 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 man’s absence, his assistant told the villagers “Look at all these monkeys in the big cages that the man has collected. I will sell them to you at $40 each and when he returns from the city, you can sell them back to him for $50.’We can all get rich.”
The villagers squeezed together their savings and bought all the monkeys. They never saw the man or his assistant again, only monkeys everywhere!
Welcome to WALL STREET, The City of London, Stock Markets and all the Venerable Institutions. We permitted them to monkey around with our money. We now have monkeys and no money!!!!
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