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    The Money Game Explained in a Poker Game
    The Money Game Explained in a Poker Game
    The Money Game Explained in a Poker Game
    Ebook39 pages13 minutes

    The Money Game Explained in a Poker Game

    By Willis Lee

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    About this ebook

    There were many that were involved in the creation and maintenance of our monetary system, including Sherman, Jefferson, Jackson, Smith, Lincoln and others. But then we find that in four easy steps, carefully planned and quietly implemented between 1913 and 1965, our monetary system was completely dismantled and replaced with a valueless counterfeit. This has left our country with massive debt and inflation.
    Is there a way out?
    LanguageEnglish
    PublisherLulu.com
    Release dateOct 30, 2021
    ISBN9781794872943
    The Money Game Explained in a Poker Game

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      Book preview

      The Money Game Explained in a Poker Game - Willis Lee

      THEPOKERGAME

      The year is 1960. It is late on Saturday Night and the various cars are leaving town.Dragging main is over for the day.So those that are interested are taking the road outbytheswamp,tothesecondcrossroads,andthenturningright.Theysoonarriveatthe

      grillandpoolroom.TheobjectistogetinthePokerGamegoingonintheroombetweenthe pool hall and the grill. It is usually a friendly game, 5 card draw, jacks or better toopen,progressive, withaquarterante.

      TheHousehasavestedinterestinthegamebecausetheytakeaquarter(itwascalledchipping the pot) from each game played. He’s not getting rich, but it is worth stayingup for. Assuming 12 games an hour, that’s $3.00 an hour, which was a good wage forthatyear.

      Thenoneday,thehouserulechanged.Thenewrulewasthatthehousegotaminimumof $0.25 or 5% of the total pot, whichever was greater.Thus, the cost of each handvariedaccordingtothebetting,andthehousecollectedmoremoney.

      The players begin to rethink this setup after a long game one evening, in which all theplayersstayedaboutevensofaraswinningsorlosseswereconcerned.However,attheend of the night, all the players were losers.The house won.The players quietlydecideditwas timeforanewarrangement.

      Now,youmightwonder,whatdoesthishastodowithanything?Notmuch,excepttoillustrateaprinciple.

      FinancialPotChippers

      Therearemanyindustriesandorganizationsintheworldthatwouldtendtousetheseprinciplesbychippingthepot.Wewillbrieflylookattwofromthefinancialworld.

      Oneisthecreditcardindustry.TheotheristheFederalReserveBank.Letslookatthecreditcardsystemfirst.

      Youwalk intoafacilityandseeanitemyouwantorneed.Youdon’thavethecashoracheck with you, but you have your plastic. So you run it through the reader, sign yourname, and leave with the goods.Your price didn’t change with your medium ofexchange,or didit?

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