First published: Mar.28.2019
The king of a small territory came across a huge conflict in the treasury. He had to come up with a plan or soon he would lose his power and wealth. He told his Minister: “I have a plan. Announce to the people that the government will buy their camels for 10 gold coins.”
The Minister said: “We don’t need camels. The price of a camel is 5 coins; why should we pay more? And we can’t risk what is left of the money.”
The king replied: “Just trust my idea and do it.”
The government announced the news and some people got very excited about the double profit and sold their camels to the government.
The following week king said: “Now announce that we buy camels for 30 gold coins.”
The Minister didn’t like the king’s idea but he couldn’t argue.
Many people sold their camels and the ones who lost 20 coins for each camel suffered from regret.
In a few months, the government raised the price of a camel to 80 gold coins and there weren’t many camels left for people to sell because the king owned them all already.
The king said: “Now tell people that the government will buy their camels for 100 coins soon and sell all our camels for 90 coins to them, but don’t let them know it is from the government.”
The manipulated, greedy people bought their own camels for 90 coins in covetousness of selling it to the government for 100 gold coins.”
The king sold all the camels with an unbelievable revenue, his treasury was full again and his mightiness was back.
Then he announced: “There have been some private scams in the speculations of camels. The market is losing its control. We will not be purchasing any camels in order to control the inflammation of the marketplace. It is our responsibility to care for our nation.”
Does this story not sound familiar?!