The story of the donkey and the Jewish merchant
You will not believe that this donkey is the basis of the recent global financial crisis ?????
People were confused about understanding the truth about what happened in the last global financial crisis !!
So a seasoned financial expert was asked to explain to the ordinary people the causes of the catastrophe that occurred in the stock market, and he told them an old story of a Jewish merchant:
The Jew went to a remote village, offering his residents to buy every donkey for ten dollars, and he sold a large portion of them their donkeys, then the Jew raised the price to 15 dollars for the donkey, and others sold their donkeys, so the Jew raised the price of the donkey to 30 dollars, so the rest of the villagers sold their donkeys until there was no more left. In the village, one donkey !! ..
Then the Jew said to them:
I am ready to buy one donkey for fifty dollars, and then he goes to his break to spend the weekend. Then the demand for donkeys increased, and people searched for donkeys in their village and the neighboring villages, but they did not find !!
At this time, the Jew sent his assistant to the village, and offered his people to sell them their donkeys, which he bought for forty dollars for one donkey. They all decided to buy until they resold those donkeys to the Jew, who offered to buy them for fifty dollars for the donkey, to the point that they paid all of their savings, and even borrowed all from the village bank until the bank had removed all its liquidity. All this they did in the hope that they would achieve a quick win !!
Unfortunately, after they bought their donkeys at a price of 40 dollars for the donkey, they did not see the Jewish merchant who offered to buy 50 dollars, nor his assistant who sold them. In the following week, the people of the village became unable to pay their debts owed to the bank that went bankrupt, and they had a donkey that was not equal to one fifth of the value of the debts.
In other words, the village has debts and many donkeys that have no value.
The village was lost, the bank went bankrupt, and the situation reversed, despite the presence of donkeys. The money of the village and the entire bank became in the pocket of the Jewish merchant and they did not find the food of their day !!
Dear Friend ..
Remove the word donkey and replace it with any other commodity:
Land - apartment - car - shares - ..... etc.
You will simply find that this is our true life that we live today.
Practical example:
Oil rose to $ 150, and everything went up: electricity, transportation, and bread, and the returns to people did not increase. Now the oil has fallen to less than $ 60, and nothing has decreased.
Why?? ...I do not know !!!
The answer is at the grandson of the Jewish merchant in America ...
I liked this story, and I wanted to share it with you ...
inverted
