Tuesday, December 11, 2018

What I do?

Someone exchanged his cow for a shiny objects. He kept the shiny object in a room and wrote it on a paper. He gave the paper to someone else. The paper was kept in another room very far away and its picture was given to someone else who gave it back to the man with the room full of papers and shiny objects with a promise that he would return it when required. Same picture was shown to 10 people and promise was made to deliver the picture when required. Now the promise of the picture could be transferred to others who in turn would promise ownership of more picture guarantees generated out of  lands (which they thought they own), steels and heavy machinery. The ownership promise is then bought and sold by many people and its value is determined by collective will of mankind. Someone then sold a promise to replicate this value in exchange for a fix amount gold text picture guarantee without exchanging the underlying promise.

Its a promise of cows and equity swaps.

I play along just fine. 

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