a look at the current financial situation with a light touch....from Uganda -------- Original Message -------- Subject: [i-network] Wall Street Simplified Date: Tue, 21 Oct 2008 15:14:20 +0300 From: Stephen S. Musoke <[email protected]> Reply-To: I-Network Uganda <[email protected]> To: I-Network Uganda <[email protected]> If you have difficulty understanding the current world financial situation, the following should help... 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. Stephen The I-Network Dgroup is a platform for ICT Knowledge Sharing:- Dgroups is a joint initiative of Bellanet, DFID, Hivos, ICA, ICCO, IICD, OneWorld, UNAIDS and World Bank:-You are currently subscribed to subst('[email protected]') as: [email protected] To unsubscribe send a blank email to [email protected]