finally, someone is starting to make some sense around here. Like I told them, "If you think it is so easy betting on the future, why don't you put on a contract and see how it goes for you?"Quote from piezoe:
If Morgan Stanley got involved, I can envision acres upon acres of cold storage units in Cushing, Oklahoma, all stacked to the ceiling with BigMacs. Then the public would start howling about Wall Street speculators pushing up the price of BigMacs, with no intention whatsoever to eat them all themselves.
Wall street would "explain" that the speculators were doing us all a favor by adding liquidity to the BigMac market, and the real reason for the steep rise in the price of a BigMac was increased demand. Not exactly a lie, but in the time honored tradition of Wall Street, not exactly the truth either.
Then the BigMac Desk at Morgan Stanley would swing into action hawking BigMac contracts to German Banks anxious to get in on the BigMac Boom. The price of BigMac contracts all the while reaching new highs. The banks would be happy until the contracts neared expiration, liquidity dried up, and there was no one to take their BigMac contracts off their hands. They would soon be the less than happy recipients of millions of frozen BigMacs.
German's would not go hungry for a long time. Meanwhile Morgan Stanley would begin buying insulin futures and filling their empty, Cushing, cold storage units with delivered insulin cars.
But getting back to the minimum wage...
