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Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.
There were 3 citizens living on this island country.
A owned the land.
B and C each owned 1 dollar.
B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.
The net asset of the country now = 3 dollars.
Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up. So, he borrowed 1 dollar from A, and together with his own 1 dollar, he bought the land from B for 2 dollars.
Thus, the net asset of the country = 4 dollars.
A saw that the land he once owned has raised in value. He regretted having sold it. Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollars from B and acquired the land back from C for 3 dollars. The payment is by 2 dollars cash (which he borrowed) and cancellation of the 1 dollar loan to C. As a result, A now owned a piece of land that is worth 3 dollars. But since he owed B 2 dollars, his net asset is 1 dollar.
The net asset of the country = 5 dollars. A bubble is building up.
B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollars. The payment is by borrowing 2 dollars from C, and cancellation of his 2 dollars loan to A.
The net asset of the country = 6 dollars; even though, the country has only one piece of land and 2 Dollars in circulation.
Everybody has made money and everybody felt happy and prosperous.
One day an evil wind blew, and an evil thought came to C's mind. 'Hey, what if the land price stop going up, how could B repay my loan? There is only 2 dollars in circulation, and, I think after all the land that B owns is worth at most only 1 dollar, and no more.'
A also thought the same way.
Nobody wanted to buy land anymore.
The net asset of the country = 3 dollars again.
So, who has stolen the 3 dollars from the country? Of course, before the bubble burst B thought his land was worth 4 dollars. Actually, right before the collapse, the net asset of the country was 6 dollars on paper. B's net asset is still 2 dollars, his heart is palpitating.
B had no choice but to declare bankruptcy. C as to relinquish his 2 dollars bad debt to B, but in return he acquired the land which is worth 1 dollar now.
The net asset of the country = 3 dollars.
End of the story; but there is however a redistribution of wealth. A is the winner, B is the loser, C is lucky that he is spared. A few points worth noting:
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I don't know where is my mind is;
May be in the outer world ,
May be in some ones heart,
May be anywhere or everywhere
Still I hope to see it at least once,
In my life or somewhere- in its
original kind , so that I could know him.
So, that I am hear the marvelous stories he had.
The stories may be related with love,
romance, nature, wildlife, adventure
or anything that exists in this
world and would exist till the end.
" Thy mind where you are staying,
stay well, do well for this world
and try to keep cool" – would
be my saying to him.