Mooncakes ( from Max Keiser)
Widely presented as gifts than actually consumed during the traditional Mid-Autumn Festival each year and manufacturers have found a way to make extra profits without needing to go to the trouble of making any cakes.
A baker can print a coupon for its mooncakes with a face value of 100 yuan (US$16.30) and sell it to a retailer for 65 yuan (US$10.60).
The retailer then sells it to customer A for 80 yuan (US$13).
The customer (A) in turn presents it to customer B as a gift.
Customer B then sells the coupon for 40 yuan (US$6.50) to a street peddler.
The street vender then sells it back to the manufacturer for 50 yuan (US$8.65).
The manufacturer thus makes 15 yuan (US$2.45) on the coupon and all parties are happy, having either made a small sum or given face without any actual product changing hands at any point.
Read more at http://www.maxkeiser.com/#H0yDpjTFXscF69Ig.99
Read About: Money and The Kipawa River, Whitewater Ontario,Les amis de la rivière Kipawa,The Proposed Tabaret River diversion project, Northern Ontario Liquid Adventurers,Canadian Rivers Network The viewpoints and opinions expressed here are those of the author and are not necessarily those of Whitewater Ontario or Les Amis de la Riviere Kipawa. Those groups did not vet these comments and would not likely endorse the views expressed here or the manner in which they have been expressed.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.