Soros joins Forbes top 10 U.S. billionaires list
Without being ruthless either openly or secretly or disguised as an iron fist in a velvet glove, you cannot be rich and so it is not possible Soros is not a good man but he has vested interests, is possessed by significant greed that drives him and that is never genuine reason or understanding.
NO TRULY GOOD MAN WILL ACCUMULATE GREAT WEALTH IN THIS WORLD BECAUSE RATHER THAN BEING THE MASTER OF YOUR GREAT WEALTH YOU ARE THE SLAVE OF YOUR GREAT WEALTH AND THAT IS ALWAYS A CRUSHING WORRY BESET BURDEN NEVER THE UNBRIDLED PLEASURE IT IS MADE OUT TO BE.
US postpone debt repayment:
The Fed will spend about $400bn buying back bonds maturing within three years and swapping this for longer-term debt.
The US government cannot repay its debts that are coming due and will issue longer term papers, in effect postponing repayment.
Even if there is a robust recovery in the next few years, the US is faced with a Herculean task of repaying those considerable debts (plus added interests) and so the reality is that the US is bankrupt, it is crushed under a debt load that it cannot repay.
The government and people are heavily in debt, people are jobless but the rich minority with people like Gates, Soros, Buffet, multinationals like Exxon, Apple are flushed with wealth they not only cannot spend enough to stimulate the economy, they refuse to lend to the governments for fear of loss but they trawl the markets as hedge funds driving up commodity prices like oil, gold, grains and seek quick gains in currency movements that they dictate that all harm the economies and the majority of people.
Thus all these rich people and multinationals are criminals with a lot of karmic debt in their hands.
Najib's cool approach to attract young voters
KUALA LUMPUR: At a Pakatan Rakyat function some months back Nurul Izzah, the PKR vice-president and Lembah Pantai MP was cool showing off her guitar at a fund raiser.
The person of truth has no approaches, which are acts (what and how to do or say) to project certain desirable impressions on the public. An approach is a plan, a program that you and your handlers plan and formulate that you then remember and act accordingly, and so only people who rehash, who are robots who do or say things not because it is true or intended but to present certain desired images have approaches.
If what you say is true and meaningful it is NEVER to attract young voters, if what you say or do is to attract young voters, you cannot mean it.
Why there is a system threatening credit crunch:
The same money that ordinary people think they have in bank savings is the same money these rich people and corporations own after receiving your money from borrowers who used your money to pay for goods.
Whilst you are apathetic, ‘content’ to leave your money in the banks, the rich have no qualms in shifting their money out of banks elsewhere and when they do, the banks become empty because the same money you think you have also belongs to the rich who have now withdrawn that money and refuse to lend it back to governments in order for them to continue to function because they do not trust the ability of governments to repay their loans in the future.
MANY MULTIPLES OF DEBT ARE BEING SUPPORTED BY EXISTING MONEY AND THE SAME MONEY YOU HAVE IS THE SAME MONEY THE WEALTHY HAVE UPON RECEIPT OF YOUR MONEY LENT OUT BY BANKS TO BORROWERS WHO PAID THE MONEY TO THE RICH. WHILST YOU ARE HAPPY TO LEAVE THE MONEY IN THE BANKS, THE RICH HAVE WITHDRAWN THEIR MONEY AND SO YOU HAVE NO MONEY IN THE BANK AND THE BANKS HAVE NO MONEY AND FACE A CREDIT CRUNCH. AND THIS RICH PEOPLE BALK AT LENDING THE MONEY TO GOVERNMENTS FOR FEAR OF DEFAULT.
THE WEALTH IN MODERN SOCIETY IS AN ILLUSION (SOCIETY CANNOT AFFORD THE LAVISH DECADENT WASTEFUL LIFESTYLE IT IS NOW ENJOYING), MASSIVE UNREPAYABLE DEBT IS THE REALITY AND THIS MASSIVE DEBT IS SERVICED BY LIMITED WEALTH WHOSE OWNERSHIP HAVE MULTIPLE CLAIMANTS. NOW THE RICH HAVE WITHDRAWN THEIR MONEY AND REFUSE TO LEND IT BACK AND SO THE BANKS HAVE RUN OUT OF LIQUIDITY, MONEY TO LEND AND FINANCE BUSINESS.
Massively indebted not massively wealthy with multiple wealth claimants:
The person who sees modern society as massively wealthy sees wrongly because the wealth is an illusion, in reality most ordinary people and society cannot afford their current lavish extravagant ostentatious lifestyle. The truth is modern society is massively indebted and there are multiple claimants to the same existing wealth and once wealthy claimants have pulled their money out of the system (and continue to plunder it by speculating even borrowing people’s money to speculate pushing up commodities and making profit out of currency trading) they trigger a financial crisis because liquidity is drained from banks.
Severe output debt mismatch:
If a society as a whole has massive debts then its ability to sustain that debt is its output or income that may be a sum of its human productivity and not inconsiderable contributions by nature (eg 40% of Malaysia’s GDP is due to mother earth, namely oil and gas, not forgetting timber, rubber, oil palm).
There is plenty of indications that the earth is not only exhausted (fishery exhausted, corals dying) and will not contribute more output to neutralize the massive debts profligate men have created, it is even reaching instability wherein violent climate changes may destroy past contributions. Further a lot of people are employed and even paid abominable high salaries doing nothing in jobs that are unessential, dependent on extravagance and can disappear in the event of austerity eg sportsmen paid millions hitting or kicking a ball around, the entertainment industry, recreation and ‘hospitality’ (hotels and resorts), gambling (casinos, lotteries), liquor, even cars are mostly extravagant than essential, finance and banking, stock market, beauty, house construction and renovations. Thus when it comes to a crunch many jobs can disappear leaving a lot of income generation lost.
A SOCIETY’S DEBTS IS SERVICED BY ITS OUTPUT THAT MAY BE SERIOUSLY CRIMPED IF THE EARTH STOPS CONTRIBUTING AS IT USED TO AND MANY JOBS THAT ARE IN TRUTH EXTRAVAGANT TOTALLY UNNECESSARY DISAPPEAR WITH AUSTERITY.
YOU MAY WORK AS AN (IMPORTANT FEELING) TV NEWSREADER OR REPORTER BUT WHEN TIMES ARE BAD WHO NEEDS TV NEWSREADERS AND REPORTERS?
Communism is the ideal system, capitalism is a scam:
Communism wherein all profits go to the state and is recycled to the system is the ideal system and it is discredited because the administrators are corrupt (live lavishly at the expense of the system, persecute rather than care for the people) and incompetent and there is a significant segment of people who require massive wealth rewards for themselves as incentive to perform refuse to work for the good of everyone and even sabotage the system.
REFLECTING THEIR AVARICIOUS SELFISH NATURES, MANY PEOPLE WILL BE INDIFFERENT, NONCHALANT EVEN SABOTAGE THE SYSTEM UNLESS THEY HAVE INCENTIVES LIKE THE ACCUMULATION OF UNLIMITED WEALTH TO BE HARDWORKING OR INNOVATIVE. AGAIN ONCE THEY HAVE BEEN ELECTED TO POWER, THE COMMUNIST RULING ELITE BECAME CORRUPT AND AUTHORITARIAN, INTOLERANT AND EXTERMINATIVE OF ANYONE WHO IS A THREAT TO THEIR POWER, THEY LIVED LAVISHLY WHILST PERSECUTING THE MASSES AND ARE INCOMPETENT IN THEIR ADMINISTRATION.
IT IS THE PEOPLE NOT THE SYSTEM THAT IS AT FAULT.
Capitalism is the unfailingly disastrous system that is only necessary to satisfy mankind’s need to be selfish, greedy, hoard and not share his wealth with others. It is a scam because the people in the system are ruthless and greedy, it leads to corruption, abuse of power, cheating and downright robbery to acquire as much wealth as fast as possible for oneself. Thus multinational companies lobby governments, bribe and do what it takes even topple governments to maintain their dominant positions.
IT IS NOT BECAUSE CAPITALISM IS THE IDEAL OR SUPERIOR SYSTEM THAT IT HAS BECOME THE DEFAULT SYSTEM HERE BUT IT IS BECAUSE IT IS THE IDEAL SYSTEM TO SATISFY MANKIND’S UNRIGHTEOUSNESS, HIS GREED AND SELFISHNESS, NEED FOR SUPERSIZED WEALTH REWARDS AS INCENTIVE TO PERFORM THAT IT HAS BECOME THE DEFAULT SYSTEM.
BECAUSE IT IS THE IDEAL SYSTEM TO SATISFY EVIL GREED AND SELFISHNESS, IT IS A RECIPE FOR CERTAIN FINAL TOTAL COLLAPSE AND CHAOS. IN TIME A DESTABILIZING PROPORTION OF WEALTH IS IN THE HANDS OF THE FEW. THROUGH UNFETTERED CREDIT AND A COMMON BANKING SYSTEM THAT EVERYONE DEPOSITS HIS MONEY, MONEY IS TRANSFERRED FROM THE MASSES TO THE FEW EVEN IN MULTIPLE TIMES THE ACTUAL WEALTH AND SO THE SYSTEM BECOMES BANKRUPT WHEN THE WEALTHY WITHDRAW THEIR WEALTH FROM THE SYSTEM LIKE SOMEONE PULLING THE CARPET FROM UNDER THE FEET OF THE MASSES.
COMMUNISM IS THE IDEAL SYSTEM AND IT IS THE PEOPLE WHO ARE TO BLAME FOR GIVING IT A BAD NAME.
CAPITALISM IS AN EVIL SYSTEM AND IT IS DOMINANT BECAUSE THE PEOPLE ARE EVIL, GREEDY AND SELFISH AND DO NOT CARE FOR THEIR COLLECTIVE GOOD, WILL NOT WORK FOR THE COMMON WELFARE UNLESS THEY HAVE A CARROT OF FABULOUS PERSONAL WEALTH DANGLED BEFORE THEIR GREEDY EYES.
Sodomy II: Prosecution questions DNA expert's credentials
By REENA RAJ

KUALA LUMPUR: The prosecution team in the sodomy trial of Datuk Seri Anwar Ibrahim slammed a foreign expert witness for not having undergone any formal training in forensic DNA testing.
The prosecution should never question the DNA expert’s credentials because it has nothing to do with proceedings, what is relevant is to demonstrate how his testimony is false.
IT IS NOT BECAUSE A PERSON IS A QUALIFIED EXPERT THAT HE IS INFALLIBLE AND HE IS NOT AN EXPERT AND HIS TESTIMONY IS RUBBISH. IT IS ONLY WHEN HIS TESTIMONY IS RUBBISH THAT IT IS RUBBISH AND SO THE PROSECUTION IS SHOWING IT IS UNRIGHTEOUS OR CANNOT FIND A RATIONAL CASE TO REJECT THE TESTIMONY THAT IT HAS TO RESORT TO CHARACTER OR QUALIFICATION ASSASINATION.
THERE IS KARMIC DEBT IN TRYING TO DISCREDIT SOMEONE’S TESTIMONY BASED ON HIS EXPERTISE, IT IS HITTING BELOW THE BELT, WHAT YOU SHOULD DO IS TAKE HIS TESTIMONY AND DISCREDIT IT.
DISCREDIT HIS TESTIMONY NOT DISCREDIT HIS EXPERTISE. DO YOU MEAN IF HE WAS FULLY QUALIFIED THEN HIS TESTIMONY WOULD BE VALID?
THIS SHOWS THE PROSECUTION ARE UNSCRUPULOUS PEOPLE & ARE INCOMPETENT. THE FACT THAT THE PUBLIC SEES NOTHING WRONG, SEES THE PROSECUTION IS CORRECT TO BESMIRCH HIM SHOWS THE PUBLIC’S LACK OF TRUE UNDERSTANDING.  
IT IS ONLY (AND NOTHING ELSE) WHEN A PERSON’S IS PROVEN TO BE WRONG THAT IT IS WRONG. WITHOUT PROVING IT IS WRONG OR BASED ON FALSE PREMISES, YOU CANNOT DISCREDIT IT, HIS QUALIFICATIONS HAVE NOTHING TO DO WITH IT EXCEPT IN HIS AND THE PUBLIC’S FALSE PERCEPTION THAT WILL END IN MADNESS.


Prosecution wanting to win unfairly:
By attacking the DNA’s expert’s qualification, the prosecution is demonstrating to those who are discerning that they are unscrupulous people who want to win their case by unfair means, by whatever it takes to destroy the defence case. Why should it do that? If your case is valid it cannot be refuted and you should examine and refute the defence expert’s contentions.
IF YOU WANT TO DO WHATEVER IT TAKES TO WIN YOUR CASE, TO WIN BY DISCREDITING THE DEFENCE EXPERT’S QUALIFICATIONS INSTEAD OF RIGHTEOUSLY SHOWING HIS TESTIMONY IS FLAWED OR WRONG, THEN IT SHOWS YOUR CASE IS NOT RIGHTEOUS, YOU WANT TO DO WHAT IT TAKES TO WIN AND CONVICT ANWAR.
THE RIGHTEOUS MAN WANTS TO WIN FAIRLY NOT BY HITTING UNDER THE BELT, BY INFLUENCING THE JUDGE TO REJECT ANOTHER’S TESTIMONY SIMPLY BECAUSE HE IS NOT AN EXPERT.
Einstein father of quantum theory?
Romney wants everyone in America to be rich

It sounds very appealing to the audience because they all want to be rich. It is impossible he knows what he said can be fulfilled but he is saying it without knowing for selfish motive, to win the audience on his side so they will elect him president.
There are things that are possible and things that are impossible, it may not be possible for everyone to be rich in America, the things that make you rich makes me poor and if you perceive that is possible then you are deluded and headed for torment.
If you do not know that to be true, then you are training yourself to say things that you do not know is true and contrary to your delusion it is harmless, it has deadly consequences in future confusion. Only if a person speaks what he knows is true, he will not be confused.
If you deliberately say it without knowing it is true to gain political mileage that too is practicing controlled insanity that ends in insanity.
WHEN PEOPLE HEAR THIS THEY DO NOT KNOW WHAT TO MAKE OF IT, THEY MAY BE PLEASED (MENTAL FORCE STIRRED ATTRACTIVELY) OR THEY MAY SCOFF AT IT (DISLIKE, THEY ARE REPULSED, DERISIVE). OBJECTIVELY THIS IS A FALSE STATEMENT, IT IS IMPOSSIBLE FOR EVERYONE TO BE RICH IN AMERICA EXCEPT IN YOUR PIPE DREAM.
FOR THERE TO BE RICH, THERE MUST ALSO BE POVERTY.
Owen: Not proud getting paid and not play
He does not realize he is either facetious or deluded if he thinks what he says makes sense.
Pride and shame are matters of stirring mental force in opposite ways and it is an entirely meaningless, inappropriate and harmful way to respond to a situation, what matters is whether it is right or wrong to receive ‘fabulous’ salaries sitting on the bench. If he thinks it is wrong then he should reject his salary or ask to be paid much less unless he is playing otherwise he is being a hypocrite saying thus that is not harmless because there is serious suffering due him for being a hypocrite.
JUST AS HE IS NOT PROUD TO BE PAID AND NOT PLAY HE IS NOT ASHAMED TO RECEIVE THE FAT SALARY IN THE SAME TOKEN. MAKE UP YOUR MIND, THIS IS A CONFLICT AROUSING SITUATION THAT LEADS TO MAD CONFLICT OR IF HE DOES NOT MEAN IT, IT IS LYING AND THAT TOO LEADS TO INSANITY.
Rosmah: Improve networking skills
PETALING JAYA: Young entrepreneurs have been advised to improve their networking skills to market their business and products to others.
If what you say or do with others is true and meaningful it is not to network, if what you say or do with others is to network, it is not true or meaningful, it is for show to network and so to acquire networking skills is to acquire programming of what to say or do to establish connections, to be sociable with view to material benefits. This is not good but it means consigning yourself to a robotic life, you need to be a programmed robot to network and it is the path to insanity.
Thus the purpose of establishing an extensive network of friends or contacts is to market your business and products, not because they are true friends; you are making use of others for material ends. You should never think of networking with others.
Dead satellite to be late for its funeral:
Just because the satellite will fall later than initially forecast does not mean it is late for its funeral which is a form of mischief, trying to be too clever and falsely perceiving one event as another that has deadly consequences in insanity for him and those who see nothing wrong or subscribe to it.
WHAT IS HAPPENING IS TRAINING SELF AND OTHERS TO PERCEIVE ‘A’ (SATELLITE FALL DELAY) AS ‘B’ (SATELLITE LATE FOR ITS FUNERAL) THAT IS DANGEROUS DABBLING WITH FALSE ASSOCIATIONS AND PERCEPTIONS AND HAS DEBT TO BE EXPERIENCED AS FUTURE SUFFERING FOR SIMILARLY TRAINING OTHERS.
Property slump affects government revenue:
Statewide, there have been 2054 fewer houses, 346 fewer units and apartments, and 1840 fewer blocks of land sold so far in 2011.
Based on median house, unit and land prices for metropolitan and regional SA, the slump in sales means stamp duty revenues are down by more than $40 million.
Governments are not averse to soaring property prices clueless to its dangers, with soaring property prices and turnover, governments derive considerable revenue in stamp duties and various rate charges but all these is borne by foolish buyers in the end and when these buyers get into trouble and many are jobless, then governments too will suddenly find that they too are in trouble because their revenue too will be seriously reduced.
AS THEY SAY A VIRTUOUS CYCLE CAN BECOME A VICIOUS CYCLE AS THE WHOLE WORLD IS NOW LEARNING (OR EXPERIENCING, IT NEVER LEARNS) ‘AT GREAT COST OR PAIN’.
How did governments spend their largesse?
When the property market was booming and government coffers were ‘flush’ with money how did governments spend it? Not only did they spend what they collected profligately (lavish functions, lavish holiday trips overseas for officials, building white elephants), they borrowed money thinking everything will be hunky dory forever or those who follow behind will clean up the mess for them after they depart with their pockets stuffed full of stolen money.
Too much investment and too little consumption?
Whatever the mix: there is simply too much global investment, and too little consumption. The system is out of joint. It does not feel like the 1930s because we are richer in the West, with a better safety net, and emergency stimulus has so far cushioned the effects, but Bertil Ohlin, John Maynard Keynes, and Irving Fisher would find it unnervingly familiar.
Only a deluded man who thinks he understands the global situation will utter this.
By too much global investment is meant too many factories built, too many ships built. There has been far too much consumption of the profligate, wasteful unproductive type. What he wants is for consumption to be boosted perhaps in countries like China and Japan to pull the world out of its morass.
IT IS TRUE THERE HAS BEEN TOO MUCH INVESTMENTS IN INFRASTRUCTURE, FACTORIES AND LOGISTIC THAT WERE ILL ADVICED BUT THERE HAS ALSO BEEN TOO MUCH CONSPICUOUS CONSUMPTION THAT THE WORLD IN TRUTH CANNOT AFFORD AND TO ASK FOR CONTINUED OR INCREASED CONSUMPTION IS MAD. CONSUMPTION TODAY IS CRASHING OF NECESSITY AS THE WORLD RUNS OUT OF CREDIT, IS DROWNING IN DEBT AND ANYONE WHO LAMENTS TOO LITTLE CONSUMPTION IS MAD. IT IS LIKE TELLING THE BEGGAR HE IS CONSUMING TOO LITTLE. THE REASON HE IS CONSUMING SO LITTLE IS BECAUSE HE HAS NO MONEY.
RPK: The four letter word called sex:
People talk about respect for this and that but they are hypocrites who never do it themselves.
Sex is a three letter word and you should respect the truth or reality and not talk about the four letter word which implies it is dirty as ‘four letter word’ refers to a word they pretentiously want to talk about but will not name.
YOU THINK YOU ARE VERY CLEVER SAYING A THREE LETTER WORD IS FOUR LETTERED BUT YOU ARE DICING WITH MAD PERCEPTION, TRAINING YOURSELF AND OTHERS TO HAVE FALSE PERCEPTION THAT WILL END IN WOE AND YOU ARE A FOOL NOT CLEVER.
SEX IS NO BIG DEAL AND IT IS THE PERVERTED CONDITIONED FASCINATION WITH SEX THAT MAKES IT A TOPIC WHEN SEX IS NOT A FOUR LETTER WORD BUT EVIL BECAUSE ITS PRACTICE ACCORDING TO THE BUDDHA THAT APPLIES TO EVERYONE IS THAT SEX IS A BOND TO SUFFERING THAT REACHES TERRIBLE LEVELS. SEX IS LIKE A POISONOUS VIPER THAT THE WISE MAN WOULD NOT EXPOSE OR PRESENT HIS TOE TO FOR FEAR OF BEING BITTEN AND SUFFERING A TERRIBLE DEATH.
SEX IS NOT ABOUT DIRTINESS, FOR A PERSON SEEING TRULY SEX IS LIKE A POISONOUS VIPER WHOSE BITE CAN KILL YOU.
Pretentious and evasive never truthful:
People like to think they know the truth, they speak the truth but they are always pretentious and evasive, can never call a spade a spade and never truthful except in their delusion they are or can be.
It is not the number of letters that make the word ‘sex’ that they are interested in but it is about the perceived dirtiness of sex that is pretentiously alluded to as the ‘four lettered word’ that they ‘winkingly’ refer to that is their topic.
Sex has a nature and it is neither clean nor dirty.
There is no satisfaction in sex according to the Buddha just as there is no satisfaction in all sensate and material pursuits and it leads the fool again and again senselessly to seek more not harmlessly but he becomes more and more hopelessly addicted until it reaches insane tormenting proportions. In order to satisfy your craving for sex you must be reborn, especially in this lower realms (human or animals) and that means all the masses of terrible suffering all because you find sex fascinating and the ‘most wondrous thing in the world’.
Society paying high price for choosing status over needs
Despite the rising cost of living, Malaysian consumers identify strongly with expensive branded products, said the Federation of Malaysian Consumers Associations (Fomca). Its chief executive officer Datuk Paul Selvaraj said instead of buying cheaper in-house brands, consumers opt for branded items that are usually more expensive.
This is a farfetched, deluded or wrong grandiose conclusion that can be bad advice and so such a person is a fool. He is exhorting others to buy non-branded items that is not without risks, for instance many unbranded electrical products are not only unreliable but may be safety risks, can cause a short circuit that burns your house down or kill you.
Joint venture in Russia pays BP $610m dividend
BP is set for a $610m (£404m) windfall after directors at its troubled Russian joint venture TNK-BP agreed a $1bn special dividend.
People see nothing wrong, see it even as good news when there is everything wrong.
If this is true, BP makes $610 million that is extracted from the system (the public pays for its products and so wealth is transferred from society to BP) and it keeps piling money that does not belong to the majority, that is derived from the majority, that will then be used to extract more money out of the people by finding new resources or speculating on the commodity markets driving up prices that will profit BP at the expense of the majority. BP may start new businesses eg supermarkets that again drain wealth from the public into its hands so that cumulatively over the years with many companies, increasingly the wealth in the system is concentrated in the hands of the few (profitable companies like IBM, Exxon, Apple and individuals like Buffet). This is not sustainable but when a destabilizing amount of wealth is in the hands of the few, too little is in the hands of the majority so that the economy collapses.
New wealth accrues to the elite more than society:
In recent years the creation of new wealth has accelerated and rather than benefit society as a whole, the benefits accrue to the wealthy minority far more than society and serves to aggravate and accelerate the imbalance between the wealthy minority and the impoverished majority.
For instance, through crony connections with the ruling elite, a wealthy businessman or company acquired a piece of land for $1 million and starts a housing estate that it sells to people for $100 million, this is new created wealth that accelerates the transfer through selling and bank credit the wealth in the system ($100 million) to this wealthy minority.
Thus with the Bakun dam, the government undertakes to pay the contractor exorbitant amounts to be borne by citizens whilst the contractor clears the land off valuable timber that is sold to create new wealth for him that is not returned to the system.
THERE IS OLD AND THERE IS NEW WEALTH CREATED AND IN RECENT YEARS MUCH NEW WEALTH HAS BEEN CREATED (EG SETTING UP TOLLED ROADS, PROPERTY DEVELOPMENT) AND ALL THESE HAVE SERVED TO ACCELERATE THE TRANSFER (THROUGH CREDIT) THE WEALTH IN THE SYSTEM TO THE ELITE FEW SO THAT INCREASINGLY THERE IS AN IMBALANCE BETWEEN THE WEALTHY FEW AND THE INDEBTED MAJORITY.
The imbalance between rich and majority always worsens:
There is a balance between the rich minority and the majority and though wealth may shift, fortunes may be made and lost by individuals and much new wealth created through new industries and developments, the net result ALWAYS is that with the passage of time the imbalance between the wealthy minority and the majority worsens and this cannot go on forever, is not without serious consequences because when a critical imbalance is reached then the consuming power of the majority is crimped enough to depress the economy that no amount of profligate spending by the wealthy minority can offset and we reach a terminal crisis and even class warfare where the deprived jobless majority rise and lash against the system.
Faster product cycles and excuses to transfer wealth:
The product cycles for devices today ranging from cars to iPhones are much faster than in the past. Car manufacturers have mid cycles ‘upgrades’ or cosmetic changes and change models faster than in the past to push consumers to change more than they would. All this has the effect of accelerating the transfer of wealth from the majority to the few that is not without dangers because it hastens the time when systemic destabilization and collapse occurs.
The Petronas twin towers were not built because it is needed, it may be partially built to boast or show off but an important reason it was built was as an excuse to transfer the nation’s wealth through oil revenue to the pockets of the vested few. Even in China many expensive prestige construction projects were undertaken on behalf of the nation (Olympic Games, fast rail, mega complexes, buildings and residences) that in truth the country could not afford, in foolish anticipation of future demand that may never materialize as excuses to enrich the few at the expense of the many.
Thus the many symbols of opulence you see all over the world are virtual not true symbols of attained wealth because they have (mostly) not yet been paid for but they are symbols of mega debt (that may or cannot be repaid) entrusted to the majority to be paid, even many times the existing wealth of the system has been transferred from the system to the wealthy minority through repeated cycles of lending and re-depositing in banks to be re-lent again so that the system is not in crisis but checkmate, there is little money or liquidity in the system that even ‘furious’ printing to substitute or in lieu of repayment by borrowers can mitigate forever, the wealthy minority is not only balking at lending the system money but using its own and borrowed money to game the system, to bet on commodity and currency markets driving up prices of essential commodities like oil and raw materials, driving movements of currencies to extreme levels that create havoc hastening the day of reckoning that will kill the system and with it, the wealthy minority who are smug and think they are above the morass.
Delusion, greed and hate:
The Buddha is absolutely correct that these three things and nothing else detain beings here in suffering they call unadulterated pleasure: delusion, greed and hate.
And beings’ greed, hate and delusion are far more implacable than people realize, even when told people who think they are quite smart, understanding and good still cannot understand.
There is never any reason for beings to remain in this world, it is force that detains fools in this world, force is the basis behind delusion, greed and hatred and it is a measure of how implacable they are that they have been existing for even countless Ages each of countless durations, have shed their own blood greater than the four great oceans and yet they are still here, still stubbornly deluded, greedy and hateful.
Strauss Kahn claims diplomatic immunity:
If he is truly diplomatically immune he would not have to claim it. Diplomatic immunity is not a valid reason to dismiss the civil suit against him but proving there is no case against him is and so he is hiding behind the skirt of diplomatic immunity and it indicates guilt, he does not wish to defend his honour as he vociferously declares in the past.
WHAT HAS TRANSPIRED IS A BLATANT MISCARRIAGE OF JUSTICE IN FAVOUR OF THE RICH AND POWERFUL NOT IN ISOLATION BUT EXTENSIVELY IN THIS WORLD THAT IS OBJECTIVE EVIDENCE JUSTICE IS FOR SHOW, A SHAM, NOT TRUE IN THIS WORLD.
You hear experts and world leaders talk about urgent and decisive steps, pulling all levers to pull the world out of its slump and it is all delusion and reflects no understanding of the situation.
It is the truth and if you concede that the world has been living beyond its means for many years previously then it means that because this is NEVER sustainable, it means that mankind must start to live within its means not just briefly but even for an extended period if not permanently in order to redress the excesses of the past.
TO CHANGE FROM LIVING BEYOND YOUR MEANS TO LIVING WITHIN YOUR MEANS BY NECESSITY MEANS A CONTRACTION OR SERIOUS SLOWDOWN OF THE ECONOMY, IT IS IMPOSSIBLE TO REVERT FROM LVING BEYOND YOUR MEANS TO LIVING WITHIN YOUR MEANS WITHOUT A SLOWDOWN OR RECESSION OF SOME SEVERITY.
IF YOU ARE GOING TO REVERT TO LIVING BEYOND YOUR MEANS AS SOON AS POSSIBLE (ASSUMING CIRCUMSTANCES PERMIT YOU TO DO SO) THEN IT IS REVERTING TO OLD WAYS THAT IS GOING TO PILE UP MORE MISERY AND RECESSIONS IN THE FUTURE. AND CIRCUMSTANCES TODAY MAY BE SUCH THAT YOU CANNOT REVERT TO LIVING BEYOND YOUR MEANS AFTER A QUICK RECESSION EVEN IF YOU WANTED TO.
IF YOU WERE TO START LIVING WITHIN YOUR MEANS WHERE YOU HAVE BEEN LIVING BEYOND YOUR MEANS IN THE PAST IT MEANS YOU MUST BE MORE IMPOVERISHED AND THE ECONOMY MUST CONTRACT.
NOT ONLY DO YOU HAVE TO START LIVING WITHIN YOUR MEANS FOR A SUSTAINED PERIOD YOU HAVE TO GRAPPLE WITH PAYING OFF A SIGNIFICANT PART IF NOT TOTAL OF THE MOUNTAIN OF DEBT YOU HAVE ACCUMULATED AND THIS AGAIN RESULTS IN AN EXTENDED PERIOD OF AUSTERITY OR RECESSION IF NOT DEPRESSION.
IF IN ADDITION, SOCIAL UNREST ENSUES THAT FURTHER DAMAGES YOUR ABILITY TO REPAY AND LOWER THE STANDARD OF LIVING WITHIN YOUR MEANS THIS MAY CAUSE EVEN TOTAL ECONOMIC CHAOS OR COLLAPSE.
IT REFLECTS DELUSION THIS WORLD IS TALKING ABOUT MEASURES TO BRING THE WORLD OUT OF ITS SLUMP. AFTER LIVING MANY YEARS WAY BEYOND YOUR MEANS YOU MUST START LIVING WITHIN YOUR MEANS AND THIS AUTOMATICALLY MEANS RECESSION NOT FOR ONE YEAR OR TWO BUT EVEN MANY YEARS. NOT ONLY MUST YOU LIVE WITHIN YOUR MEANS YOU MUST WHITTLE DOWN THE CONSIDERABLE DEBT WHICH MEANS A FURTHER ECONOMIC DECLINE. THUS THE NEW ‘LIVING WITHIN YOUR MEANS’ STANDARD MAY BE LOWER THAN THE LIVING WITHIN YOUR MEANS STANDARD OF A DECADE AGO. AND IF THE AUSTERITY TRIGGERS SOCIAL UNRESTS, THIS WILL FURTHER UNDERMINE THE STANDARD OF LIVING WITHIN YOUR MEANS EVEN TO THE EXTEND OF TOTAL COLLAPSE.
DO NOT UNDERESTIMATE THE DEBT THE WORLD HAS PILED UP AND MUST WORK THROUGH TO REPAY, THROUGH MANY REPEATED CYCLES OF LENDING, RE-DEPOSITING AND LENT AGAIN VIA A COMMON BANKING SYSTEM, DEBTS MANY TIMES THE WEALTH OF THE SYSTEM MAY HAVE BEEN CREATED.
Can eurozone banks be strengthened?
There was progress towards a eurozone rescue deal during the IMF's annual meeting in Washington, according to those present. But they caution that a workable proposal cannot yet be banked.
They are talking in earnest about strengthening banks as a cure or treatment for the crisis but this may be barking up the wrong tree, will not solve mankind’s economic crisis.
Even after you strengthen the banks (how, by pumping more printed money?) you still must live within your means where you have been defiantly living way beyond your means for years and this means the recession will continue, you still must struggle to start repaying your mountain of debt that again means a recession will continue. You have spent your future yesterday and now that tomorrow has arrived, you have nothing to spend.
Conned by politicians:
For years politicians all over the world in the name of being elected have pandered to electorates by lowering taxes, interest rates and easing credit to keep the populace happy but it is only delaying the unpalatable medicine to later.
Now in crisis, the Greek government has been forced to raise taxes and curb spending that impact on the population.
POLITICIANS ARE KEEN TO STAY IN POWER BECAUSE IT IS AN AVENUE TO FABULOUS RICHES FOR THEM AND IN THEIR DESIRE TO REMAIN IN POWER THEY OFFER CARROTS TO THE POPULACE IN LOWER TAXES, INCREASED PUBLIC SPENDING, STOKING UP THE ECONOMY WITH LOW INTEREST RATES AND BOOSTED MONEY SUPPLY THAT WHILST IT FELT GOOD WHILST IT LASTED, ENDS WITH CUTS AND INCREASED TAXES TODAY TO MEET THE SHORTFALLS.
IT SEEMED YOU CAN GET AWAY FOREVER WITH LOWER TAXES BUT NOW WHEN FACED WITH THE CRUNCH WHEN YOU ARE FACED WITH DIFFICULT TIMES YOU ARE FACED WITH TAX RISES.
Massive debts are proof of living beyond means:
The existence of mountains of debts in most countries of the world is proof that these countries have been living on borrowings way beyond their means and because these cannot continue indefinitely but headwind or resistance rises the higher the mountain of debt, it means we are headed for an extended period of recession of which we are just entering and how bad it will get remains to be seen.
The majority has been cheated:
In many ways the majority has been cheated, taken for a ride by the minority, they were sold properties, assets (shares) and commodities (eg oil) way beyond their true worth, totally unnecessary unaffordable projects were undertaken on their behalf (eg stadiums, new airports, capital cities like Putra Jaya, twin towers like Petronas) in the name of transferring wealth that was never actually there from the majority to the minority.
Thus in name the tax cuts benefit everyone but it benefited the rich far more than ordinary citizens and because the system cannot afford the tax cuts, it had to resort to borrowing to finance operations and now responsibility to repay these debts fall on the majority not the rich minority who benefited most from the tax cuts.
We need to live BELOW not just WITHIN our means:
We are still in a process of denial, trying to keep the fires of living beyond our means going and have not been forced to live within our means.
If it is possible to live beyond your means indefinitely this current crisis would not have occurred.
If it is impossible to live beyond your means forever then you are a fool if you think just one or two years of living WITHIN your means suffices to clear the excesses of the many years of living BEYOND your means.
LIVING WITHIN YOUR MEANS JUST MEANS YOU JUST STOP ADDING NEW DEBTS TO EXISTING DEBTS, YOU STILL HAVE TO SIGNIFICANTLY REDUCE EXISTING DEBTS PLUS SERVICE OR PAY INTEREST DUE ON THOSE DEBTS AND THAT MIGHT PROVE AN ORDER TOO TALL TO FULFILL ESPECIALLY WHEN MANY BECOME JOBLESS AND WORSE SOCIAL UNREST LEADS TO EVEN GREATER LOSS OF PRODUCTIVITY.
AFTER ACCUMULATING A HUGE PILE OF DEBT, YOU NOT ONLY HAVE TO LIVE WITHIN YOUR MEANS THAT STOP CREATING NEW DEBTS BUT YOU HAVE TO LIVE BELOW YOUR MEANS TO START MEANINGFULLY REPAY YOUR DEBTS AND SO WE ARE HEADED FOR TERRIBLE ECONOMIC CONTRACTION.
BECAUSE THE US AND MAJOR COUNTRIES NEED TO LIVE BELOW THEIR MEANS IN REPAYMENT, SURPLUS COUNTRIES LIKE CHINA AND GERMANY TOO WILL BE SIMILARLY AFFECTED.
IF I AM CORRECT, BRACE YOURSELF FOR A STORM AHEAD.
The alternative is default:
In order to meaningfully repay their debts, countries like Greece, Spain, Italy, UK and the US must have a sustained period over many years of not just living within their means which only stops further piling of debts but they must live for many years at well below their means because a significant proportion of whatever they earn must go towards debt repayment so they must make do with spending well below their means.
IF A SIZEABLE PROPORTION OF YOUR INCOME GOES TOWARDS DEBT REPAYMENT YOU MUST BY NECESSITY LIVE WELL BELOW YOUR MEANS IN CONTRAST TO THE PRESENT WHEN YOU ARE LIVING WELL ABOVE YOUR MEANS AND THIS MEANS A SUSTAINED PERIOD OF AUSTERITY WHEREIN THE ECONOMY MUST BE DEPRESSED.
THE ALTERNATIVE IS DEFAULT, REFUSAL TO REPAY WHICH WOULD TRIGGER TURMOIL IN THE FINANCIAL MARKETS AND ECONOMY AS TRUST IS LOST AND NATIONS WILL STOP TRADING BECAUSE THEY CANNOT BE SURE THEY WOULD BE PAID.
THE RECENT FRANTIC QUANTITATIVE EASING OR MONEY PRINTING IS AN INDICATION THAT THE TRUE LEVEL OF DEBT IN THE SYSTEM FAR WORSE THAN WHAT APPEARS TO BEAND EVEN THE QUANTATIVE EASING DOES NOT FULLY REFLECT THE HIDDEN DEBT THAT MAY BE MUCH GREATER.
Singapore burning fingers investing overseas:
Government of Singapore Investment Corp. faces a 6.7 billion Swiss franc ($7.4 billion) loss as the biggest investor of UBS AG (UBSN), topping unprofitable banking investments by the city’s sovereign wealth firms since 2007.
GIC also has about $500 million of unrealized losses on its Citigroup Inc. (C) stake. Temasek Holdings Pte, Singapore’s other state investment company, divested shares in Bank of America Corp. (BAC) and Barclays Plc (BARC) at losses more than two years ago.
Just as these ‘shrewd’ forays into ‘blue chip’ overseas investment have turned sour, there may be further losses for Singapore’s optimistic state managed investment vehicles.
MALAYSIA SQUANDERS ITS MONEY IN HAREBRAINED SCHEMES BUT SINGAPORE MAY BE NO BETTER, ITS SHREWD ‘SAVVY’ INVESTMENTS MAY BURNT ITS FINGERS BADLY AS THE GLOBAL ECONOMY COLLAPSES.
At the heart of the global financial crisis:
The US through the GROSS (not minor) abuse of its role as provider of the currency of global business settlement, has for years kept on printing money to finance its not inconsiderable purchases from the world way beyond its means leading the world to similarly live way beyond its means and now it appears that what should be obvious is finally reality, YOU CANNOT INDEFINITELY LIVE BEYOND YOUR MEANS AND THERE IS A RECKONING WITH A MASSIVE PILE OF UNPAYABLE DEBT AT THE END.
WITHOUT THE US KEEP PRINTING ‘IOUs’ IN THE FORM OF USD TO FINANCE ITS PURCHASES WITH INTRINSICALLY WORTHLESS PIECES OF PAPER THE WORLD CANNOT COME TO SUCH GROTESQUE PILE OF DEBT AND NOW THE US IS WAGGING ITS FINGER AT CHINA AND OTHERS FOR CAUSING THE TROUBLE.
IF THERE WAS A CURRENCY OF SETTLEMENT THAT BELONGED TO NO ONE BUT A GOVERNING BODY, THE US WOULD HAVE TO STOP ITS PURCHASES FROM THE WORLD ONCE IT RUNS OUT OF THIS CURRENCY OF SETTLEMENT AND NO ONE WILL LEND IT MORE. BECAUSE THE US OWNS THE CURRENCY OF SETTLEMENT, THE TEMPTATION WAS TO KEEP PRINTING MORE LIKE AN ALCOHOLIC TO FINANCE ITS ADDICTION TO ALCOHOL.
In the name of staying in power (so that they can continue their corrupt plunder), politicians all over the world ensured robust economic conditions by artificial ultimately fatal means (boost money supply, lower interest rates, loosen credit, start all sorts of mega projects like new airports, new highways, new housing estates, twin towers, cut taxes) and the foolish indifferent without understanding populace were quite happy to receive the goodies even when it was not affordable & wasteful. Companies like multinationals in their haste to garner as much profit as possible, kept churning up new products, speeding up model cycles and this stoked excessive consumption that speeded the transfer of money from the system to the wealthy minority that includes such giant companies.
Corruption be it amongst politicians, businessmen and companies only serve to accelerate the transfer of wealth from the system to the minority so that it reaches the critical stage where too much wealth is in the hands of the few and the majority become poorer.
The banking system was run by corrupt even downright reckless bankers who devised all sorts of hare brained schemes (eg derivatives) to boost lending that led to dangerous overleverage of lending. Also the banking system allows dangerous build-ups of debt through repeated cycles of lending re-deposition and lent again so that a million dollars in bank deposit can spawn many millions of debt.
Now a wealthy minority possess a sizeable portion of the wealth and they are using this wealth and even money borrowed from the system to sabotage the system by speculating on the commodity markets pushing up the prices of essential goods like oil, grain, they speculate on the currency markets causing excessive currency movements that are dangerous.
IT IS BECAUSE THE US ABUSED ITS POSITION AS THE PRINTER OF CURRENCY OF SETTLEMENT THAT THE WORLD WAS ABLE TO LIVE WAY BEYOND ITS MEANS FOR SO LONG BUILDING UP SUCH ULTIMATELY FATAL DEBTS.
IF IT IS POSSIBLE TO LIVE BEYOND YOUR MEANS FOREVER THIS CRISIS WOULD NOT HAVE HAPPENED.
NOW THAT IT HAS HAPPENED, THE THING TO DO IS TO LIVE WITHIN YOUR MEANS RATHER THAN TRY TO RETURN TO THE OLD DAYS OF LIVING BEYOND YOUR MEANS AS THE WORLD IS CURRENTLY IN DELUSION TRYING TO DO. YOU CANNOT RETURN TO THE PAST AND MUST START TO LIVE WITHIN YOUR MEANS AND THAT MEANS A RECESSION. BECAUSE CHAOS CAN FURTHER DISRUPT, GOVERNMENTS SHOULD PROVIDE SOME SUPPORT FOR THE UNEMPLOYED BY REDIRECTING WASTEFUL EXPENDITURES (EG DEFENCE) TO MORE ESSENTIAL SERVICES. TAXES SHOULD BE RAISED FROM THE RICH AND ALL FEEDING AT THE TROUGH, CORRUPTION IDENTIFIED AND STOPPED, THOSE GUILTY OF CRIMES (WALL STREET BANKERS) SHOULD BE PROSECUTED. SPECULATION ON THE COMMODITY MARKETS SHOULD BE BANNED AND THIS WILL LOWER OIL PRICES THAT WILL BENEFIT THE ECONOMY.
THERE IS MUCH WASTAGE AND CORRUPTION THAT IS DRAINING WEALTH FROM THE SYSTEM INTO THE HANDS OF THE FEW AND THESE SHOULD BE STOPPED.
BECAUSE MANKIND DOES NOT SEE THIS, IT IS IMPOSSIBLE POLITICIANS WILL COME CLEAN AND ACT AGAINST THE WEALTHY ELITES WHO ARE THEIR CRONIES AND PAYMASTERS, IT IS IMPOSSIBLE MANKIND CAN TRULY TREAT THE PRESENT CRISIS.
The US does not need to earn to buy:
If Malaysia wanted to buy goods from the world, it must earn the USD that it needs to buy by selling products that the world wants eg oil, timber, palm oil. Thus if Malaysia is spendthrift and runs out of foreign reserve, it will have to do without imports. By contrast, when the US wants more goods, it can just keep printing more USD to dish to the world and it is this that may be responsible for the whole world living well beyond its means for so long until it reached monstrous proportions.
Then came the euro:
There are considerable (unfair) financial advantages accruing from issuing reserve currencies that are used for trade settlement internationally and so it is not a surprise Europe wanted to get into the act supplanting America’s role by coming out with a Euro that similarly permitted it to live beyond its means by keep issuing euros the finance purchases and attract the world’s wealth as a safe haven. And this may be the genesis behind nations like Greece, Portugal and Spain living way beyond its means.
And now China may be tempted to get into the act by being similarly being an international currency attracting international interest.
WITHOUT THE US LIVING BEYOND ITS MEANS CHRONICALLY BY KEEP PRINTING MONEY TO FINANCE ITS PURCHASES FROM THE WORLD, COUNTRIES ESPECIALLY LIKE CHINA AND JAPAN WILL NOT BOOM AS MUCH. IF THEY DID NOT BOOM SO MUCH THE EXCESSES IN THE WORLD WOULD NOT HAVE REACHED SUCH HEIGHTS AND SO THE FOLLY STARTED WITH THE US, THE WORLD’S LARGEST ECONOMY NOT BY VIRTUE BUT BY CROOK, PRINTING PAPER WITHOUT WEALTH BACKING TO FINANCE ITS CONSUMPTION PROVIDED BY THE WORLD WHO DID NOT REALISE IT WAS EXCHANGING GOODS FOR PIECES OF INTRINSICALLY WORTHLESS PAPER ISSUED BY THE FECKLESS UNCLE SAM.
Why the US is to blame:
It is impossible if the world was living within its means for this global crisis to occur, it is because the world had been living beyond its means not for one or a few years but for a long time with a build-up of excesses until it could no longer be borne that this crisis has erupted in the world.
It is unlikely if not impossible that all the major countries in the world decided on their own independent of each other to live beyond their means but it is more likely if not certainly there was a common denominator and this has to originate from the nation with the most economic clout and that is the US.
And how could the US live beyond its means on a sustained basis that caused others to similarly live beyond their means?
This can only come about because the US fecklessly and imperiously kept printing instead of earning money to pay for its purchases from the world. Because the pieces of paper are printed and worthless intrinsically it is living beyond your means printing paper to purchase goods.
Because demand for goods produced by the rest of the world was falsely boosted by the US living beyond its means through printing paper without earning it, the world prospered more than it should have been and this de facto is the world living beyond its means supplying goods that the US in truth could not afford because it merely printed money to pay.
UNLESS YOU BELIEVE THE MAJOR NATIONS OF THE WORLD DECIDED INDEPENDENTLY TO LIVE BEYOND THEIR MEANS, THERE MUST BE A COMMON DENOMINATOR FOR THEM TO ALL DO SO.
EVEN IF THESE NATIONS WANTED TO LIVE BEYOND THEIR MEANS THEY DO NOT HAVE THE WHEREWITHAL TO DO SO.
THE US HAS THE MEANS TO LIVE BEYOND ITS MEANS BY ‘VIRTUE’ OF ITS OWNING THE MONEY PRINTING PRESS OF THE WORLD, ITS RIGHTS TO PRINTING THE USD THAT THE WORLD SO COVETED AND VALUED THAT IS MERELY A PIECE OF PAPER THAT MAY NOT HAVE ANY MATERIAL BACKING.
IT IS ONLY THE US THAT HAS THE MEANS TO LIVE BEYOND ITS MEANS BECAUSE IT WIELDS THE USD THAT CAN BE PRINTED AT WILL TO BE PAID TO THE WORLD FOR GOODS, BECAUSE THE PIECES OF PAPER ARE INTRINSICALLY WORTHLESS, IT IS LIVING BEYOND YOUR MEANS GETTING GOODS FOR PIECES OF PAPER YOU PRINT.
When America sneezes the world catches a cold:
This statement is an acknowledgement that America is the engine that drives the global economy but rather than a genuine meritorious engine the US is a bogus, deceitful, cheating engine because it finances its purchases with pieces of paper that it does not need to earn (unlike other nations) but it can print and the world trusts it does not cheat.
The US has taken the world for a whopping ride:
Many countries (the Saudis keep a lot of their proceeds from oil sales in the US), China & Japan kept the proceeds or worthless pieces of paper unconverted in the US and this means even though they have been paid, it is in name only because these massive debts remain un-cashed.
NOT ONLY DOES THE US NOT NEED TO EARN THE MONEY THAT IT PRINTS TO PAY THE WORLD, A SIZEABLE AMOUNT WAS PAID IN NAME BUT NOT REALITY BECAUSE THE RECIPIENTS KEPT THEIR MONEY IN THE US.
US $600 BILLION IS SAID TO CIRCULATE OUTSIDE THE US AND THIS IS A FREE LOAN TO THE US THAT THE US MAY NOT HAVE TO RETURN IF THE CURRENCY IS DESTROYED.
MANY PEOPLE STASH THEIR WEALTH IN THE US AS A SAFE HAVEN AND THIS TOO IS A FORM OF LOAN TO THE US.
BECAUSE THE USD IS A CURRENCY OF SETTLEMENT, IT IS USED TO SETTLE TRADE THAT DOES NOT INVOLVE THE US AND THIS TOO IS A LOAN TO THE US BECAUSE IT BOOSTS DEMAND AND THE POOL OF USD.
MANY RICH COUNTRIES (SAUDI, CHINA, JAPAN, ETC) HAVE BEEN PAID IN NAME BUT NOT SUBSTANCE BECAUSE THEY KEEP THEIR MONEY IN THE US AND THIS MONEY HAS BEEN SQUANDERED BY THE US IN WASTEFUL PROFLIGATE UNPROFITABLE CONSUMPTION.
AND SO ALL IN ALL, THE US HAS ABUSED ITS PRIVILEGED POSITION TO INSTIGATE WORLD WIDE LIVING BEYOND THEIR MEANS FAR MORE THAN PEOPLE IMAGINE POSSIBLE.
Villains of the piece:
America printing money it did not need to earn and nations not redeeming the money they were paid in name by the US is one villain of the piece contributing to today’s system threatening or fatal crisis.
The other villains are:

1. the multiplier effect of the banking system wherein one million deposited in one bank can spawn many millions in debt to repeat cycles of lending and re-deposition.
2. Corruption that siphons not inconsiderable money from the system to the few, selling overpriced or wasteful or useless assets to the majority. The many evil machinations by bankers eg derivatives that have saddled the system with impossible obligations.
3. Too much money is now in the hands of the minority that includes giant companies whilst the majority is saddled by too much debt or their savings in banks squandered by reckless lending by bankers.
4. The rich minority continues to sabotage the system by speculating driving up commodity prices like oil that crimps the economy and causing violent currency movements.
5. The disastrous emigration of manufacturing and services to overseas centres in search of lower costs and maximal profits that have deprived consuming countries of the employment they need to thrive.

Editorial: A global fixation on austerity is the wrong course to help the economy.
This is a NYT editorial and it reflects no or wrong understanding of what the problem facing the global economy is.
If someone would provide Greece and all the needy countries like Italy and Spain with more money to spend do you think Greece would be hesitant to borrow and spend?
It is because ‘the credit market’ is tight or refuses to lend because it does not believe it will be repaid that Greece has to tighten or practice austerity to show that it is not a runaway spending locomotive.
So if the market will not lend you money, shall you print money to spend? This is a fool’s solution because soon others will refuse to accept your currency because they know it is not backed by wealth.
IN ORDER TO SPEND AND THEREFORE AVOID AUSTERITY YOU MUST HAVE MONEY TO SPEND, SO WHERE ARE YOU GOING TO GET THE MONEY?
THE MARKETS REFUSE TO LEND YOU MORE MONEY BECAUSE THEY FEAR THEY WILL NOT BE REPAID AND WANT YOU TO REIN IN SPENDING SO THAT YOU CAN MAKE ENDS MEET AND SO IN ORDER TO APPEASE MARKETS YOU MUST START LIVING WITHIN YOUR MEANS AND THAT MEANS AUSTERITY, SO WHAT ARE YOU TALKING ABOUT?
IF YOU DECIDE TO PRINT YOUR MONEY TO SPEND, OUTSIDERS AND EVEN YOUR OWN CITIZENS MAY SOON TREAT YOUR MONEY AS WORTHLESS SO THIS TOO IS NOT A SOLUTION.
Current austerity is not by choice but by necessity:
If the current austerity is elective, by choice, you have plenty of savings and don’t need to be austere then you can speak of austerity not being the way to help the economy.
If the current austerity is involuntary, dictated by conditions, you have no money and no one will lend you money to spend and it is dangerous to cheat by printing money, then it betrays no understanding of the current situation and talking nonsense to say austerity is not the way to help the economy.
'Spurs must stay in North London'
London Mayor Boris Johnson has urged Tottenham to pursue plans to build a new stadium in their traditional home.
If you give another person advice it must be good or correct and if it turns out incorrect or useless, it is not just a shrug of the shoulders, ‘too bad’ but you will held account and that means you are consigning yourself to future suffering.
It is impossible that the advice can be good because there is no good reason why Spurs must stay in North London and so it is bad advice, unnecessarily butting into others’ business that is none of yours.
‘DO NOT STEAL’ IS ALWAYS GOOD ADVICE BUT ‘SPURS MUST STAY IN NORTH LONDON’ IS SILLY BUSYBODY FRIVOLOUS ADVICE THAT HAS DEADLY CONSEQUENCES IN TERMS OF FUTURE SUFFERING DUE, THE WISE PERSON WILL KEEP HIS MOUTH SHUT AND NOT DELVE INTO OTHERS’ BUSINESS BUT THE FOOL WILL OFFER FREE ADVICE ON ALL AND SUNDRY.
Sowing confusion where urgent correct actions needed:
The person who thinks even if it turns out wrong, it is OK to proffer your advice that austerity is not the correct way to help the economy has wrong view that is the way to hell or the animal womb.
The world is faced with a serious economic problem where correct understanding and solutions need to be implemented quickly and so if you say austerity is not the correct way to help the economy you are sowing confusion that may lead to the wrong solution.
EITHER AUSTERITY IS THE CORRECT OR MANDATORY CHOICE TO HELP THE ECONOMY OR IT IS NOT,YOU MUST CLEARLY THINKIN MAKE UP YOUR MIND AND STOP BICKERING AND THEN MOVE ON TO DECIDE WHERE AUSTERITY IS BEST APPLIED TO HELP THE ECONOMY RECOVER.
IF SAYING AUSTERITY IS NOT THE BEST WAY TO HELP THE ECONOMY SOWS CONFUSION, LEADS TO CONFLICT AND IS THE WRONG PATH, YOU ARE STICKING YOUR NECK TO BE CHOPPED BY KARMA.
Euro crisis turns Fed into lender of last resort:
This is a totally false statement and if you see nothing wrong then you understand falsely.
The Fed is not that wealthy, the US is itself mired with debts that maybe insurmountable except in delusion.
One speaking correctly states “The euro crisis turns the Fed into the printer of last resort”; because the Fed has no wealth that it can lend.
Thinking is conditioned and conditioning:
The activity called thinking is not natural or inevitable but it is conditioned, a suffering and never the pleasure or wonder it is made up to be and it is also conditions, every time a person thinks he is also conditioning or training himself to think and it is because people in this world have conditioned themselves and been conditioned by others so well that they automatically and constantly think.
Whatever the happiness of the person who cannot help thinking, the happiness of the person who can stop thinking AT WILL is higher and he is headed for even two Ages or eternities of heavenly bliss according to the Buddha.
Now I can stop thinking (nay even stop liking and disliking which is higher) for extended periods and I can say it is an incomparably happier state to exist in.
And how does one achieve no thinking? A person who has given up this world, who is not greedy or fearful or hateful and who has attained a certain level of calmness of his mind can stop thinking at will.
And how does one attain that certain level of calmness required to stop thinking?
One must first achieve the first higher state of the mind and that means one must destroy one’s for show evil style, one must not use force to constantly stretch syllables, change speed and loudness that requires a robotic existence and generates insoluble renewing stress, restlessness and inability to concentrate inimical to attain a certain calmness of the mind.
IF THE PERSON HAS SUCCESSFULLY ACHIEVED THE FIRST HIGHER STATE OF MIND AND THAT MEANS NO CONSTANT MAD ROBOTIC USE OF FORCE TO STRETCH ALL SYLLABLES, CHANGE SPEED AND LOUDNESS, HE HAS ESTABLISHED THE LEVEL OF CALMNESS THAT IS THE FOUNDATION REQUISITE TO PROGRESSING FURTHER TO CESSATION OF THINKING.
Why thinking is conditioning:
Thinking is verbal talking and it comprises a recordable or memorisable plan that is powered by force. You need force to select and power these recorded plans in the mind and so long as the person has many recorded plans of thoughts, of what and how to think and he has trained himself incessantly to refer to and select these recorded thoughts, in time referral to, selection of and powering of thoughts is automatic and the person cannot help thinking.
IT IS BECAUSE THOUGHTS ARE STORED IN A PERSON’S MEMORY AND IT IS POWERED BY FORCE AND FORCE IS REQUIRED TO REFER TO AND SELECT AND PLAYBACK THESE RECORDINGS THAT IF ONE KEEPS THINKING IN TIME THINKING BECOMES AUTOMATIC, CANNOT BE HELPED AND RATHER THAN A PLEASURE IT CAN REACH AGONIZING LEVELS DRIVING A PERSON UP THE WALL AND PREVENTING SLEEP. THUS WEED OUT FORCE, WEED OUT THE UNNECESSARY ACTIVATION OF FORCE AND THINKING IS DEPRIVED OF ITS IMPETUS OR FORCE.
The havoc wreaked by the hot money scourge:
Hot money is significant foreign funds that descend on a country to buy up property, shares partly on speculation of appreciation gains or if they think the currency will strengthen and they can profit thus, driving up that economy only to leave later leaving it in tatters.
There is not enough hot money which are private money to simultaneously stir up all the economies of the world but there is enough wicked hot money to target by herd instinct with everyone piling in on smell of a killing driving up property and share prices boosting the economy artificially only to collapse when this hot money rushes out.
Malaysia may have been one of the first countries to have been the target of US hot money and when they left they left Malaysia with the baby of the boom they stoked. China and then India became the flavour.
THERE IS NOT ENOUGH HOT MONEY TO BOOST ALL THE ECONOMIES OF THE WORLD BUT THERE IS ENOUGH HOT MONEY TO TARGET COUNTRIES SEQUENTIALLY STIRRING UP THOSE ECONOMIES UNSUSTAINABLY AND AT THE FIRST SIGN OF TROUBLE THESE DEPART WITH PROFITS LOCKED IN LEAVING THE LOCAL POPULACE WITH THE BABY TO TAKE CARE. HOT MONEY WHICH BELONGS TO PRIVATE HANDS LOOKING FOR QUICK SPECULATIVE RETURNS IS A MODERN EVIL AND SCOURGE.
I see but I don’t feel and am not stirred:
Increasingly nowadays I see and hear but I do not feel nor am I stirred to like or dislike or be agitated and rather than boredom or deprivation it is the incomparably saner and pleasant mode to exist in.
Seeing, hearing, smelling, tasting and touching is one thing, feeling pain or pleasure is another, the two are separate, not the same and feeling pain or pleasure can be eliminated so that one only sees, hears, smells, tastes and touches.
There is always force accompanying perceptions and it is this force that gives rise to feelings and if one attains the ability to filter out or not receive or pay attention to this force, one then has stopped feeling and because force is harmful, rather than a deprivation, not to feel is an incomparable release from suffering.
Even perceiving (seeing, hearing, touching, smelling, tasting) can be eliminated so that the being attains the sphere of neither perceiving nor not perceiving wherein he sees and knows everything. If you do not perceive you also do not not perceive, the act of perceiving something requires you to not perceive everything else.
THERE IS FORCE ACCOMPANYING WHAT IS SEEN, HEARD, SMELT, TASTED AND TOUCHED AND IT IS THIS ACCOMPANYING FORCE THAT GIVES RISE TO PASSIVE FEELINGS OF PAIN OR PLEASURE THAT THEN STIRS FOOLISH BEINGS TRAINED BY THEMSELVES AND OTHERS TO BECOME EXCITED (LIKE), REPULSED (DISLIKE), AGITATED (CONFUSED), SAD, HURT OR FEARFUL.
A PERSON WHO HAS DEVELOPED HIS MIND SUCH THAT HE PERCEIVES BUT CEASES TO FEEL PAIN OR PLEASURE HAS ATTAINED THE HIGHEST STATE OF THE MIND THAT GIVES THE MOST PLEASANT EXISTENCE HERE AND ACCORDING TO THE BUDDHA HE IS HEADED FOR EVEN 500 ETERNITIES OF HEAVENLY BLISS. THEREAFTER IF HE DISREGARDS ALL OBJECTS TO ENTER THE SPHERE OF THE INFINITUDE OF SPACE, HE ATTAINS A LIFESPAN OF 20,000 ETERNITIES, IF HE FURTHER DISREGARDS INFINITE SPACE TO ATTAIN THE SPHERE OF INFINITE CONSCIOUSNESS HE HAS A LIFESPAN OF 40,000 EONS AND FINALLY IF HE DISREGARDS INFINITE CONSCIOUSNESS TO ATTAIN THE SPHERE OF NO THINGNESS, HE ATTAINS A LIFESPAN OF 60,000 EONS.
Austerity is the only answer:
You hear many advocates (usually leftists like Krugman) about spending yourself out of trouble and think of repayment when times are better and you also hear advocates (wealthy Republican lawmakers) speak of austerity not because they truly understand but they want to  protect their wealth that is threatened by currency debasement and do not want to pay more taxes.
Logically, you have spent yourself beyond your means into this deep hole and the obvious answer is to stop digging an even bigger hole by starting to live within your means and that means austerity. It is wilful or convenient delusion that austerity will harm and makes worse, continue to spend beyond your means surely will make things worse in the long run.
Austerity means conserving your limited resources to ensure that the essentials are taken care whilst waste and the unessential are trimmed and this never hurt anyone. If the Buddha can survive on one meal a day, you can do and if everyone eats just one meal a day and no food is thrown away, no one needs to starve. Further all those doing useless jobs like singing, dancing, comedy, artists, kick or beating a ball around (footballers, golfers) can do useful work like sweeping and repair roads for a living. There is a lot of corruption and downright profiteering going on and if all these are stopped, a lot of money can be saved for use by the system. All these speculators driven off the oil market can cause oil prices to drop to reasonable levels that will stimulate the economy.
THUS ANYONE WHO ADVOCATES SPENDING EVEN WHEN THERE IS NO MONEY AND IT NEEDS PRINTING WORTHLESS PAPER IS DELUDED AND HEAPING KARMA ON HIMSELF FOR LEADING OTHERS ON THE PATH TO RUIN.
Living within your means never caused anyone trouble:
Living within your means never caused anyone trouble, it is always living beyond your means that will finally lead to trouble to yourself and others.
IN TIMES OF TROUBLE LIKE THIS YOU MUST START TO LIVE WITHIN YOUR MEANS TEMPERED BY SOCIAL CONSCIOUSNESS, SHARING OF WHAT YOU HAVE WITH OTHERS WHO DO NOT, OF SHARING THE BURDEN AND THAT IS THE ONLY WAY OUT OF TROUBLE RATHER THAN SPENDING MORE OF WHAT YOU DO NOT HAVE THINKING YOU CAN STILL AFFORD TO DO SO OR YOU CAN REPAY LATER.
IF EVERYONE LIVED WITHIN HIS MEANS HOW CAN THERE BE ANY TROUBLE FOR SELF OR OTHERS?
A Night of Twists and Collapses
By TYLER KEPNER 36 minutes ago
Baseball’s six-month schedule came down to a frantic four-game scramble on the regular season’s last night. Albert Pujols, right, celebrated the Cardinals’ win
This is a summary of what the person finds salient about the night and it is all about force and so this is an unconscious admission that it is force that is what people in this world enjoy and perceive as meaningful when it is meaningless and suffering.
Only force can twist and collapse, truth and meaning has no force that can twist and collapse and so in describing events as a night of twists and collapses, the person is stating it is force changes, force roiling that he finds meaningful and understands as what happened, not substance and meaning. It is experiences of force changes that is in truth meaningless and suffering that deluded beings in this world are hopelessly hooked to and want to share and incite others to similarly indulge.
McCain: Libya inspires people in China, Russia, Iran, Syria
How does he know this? Did a vast number of people in these countries tell him so?
Without knowing what you say is true you have no right to say it unless you want to have your head chopped or court insanity because if you say something knowing it is false or you SAY SOMETHING WITHOUT KNOWING IT TO BE TRUE, YOU ARE COURTING DOUBT AND UNCERTAINTY THAT ENDS IN INSANITY. ONLY A DELUDED MAN WILL SPEAK WITHOUT KNOWING WHAT HE SAYS IS TRUE.
Conserving the environment:
So long as you continue to exploit the environment on a significant even massive scale then all the talk of conserving the environment is hollow or hypocritical and you are deluded that you can conserve the environment even as you pillage it.
If you stop pillaging the environment then there is no need to talk about conserving the environment.
The environment does not need you to conserve nor is it possible, the environment needs you to stop pillaging it as mankind is doing now on a scale that will render a mockery any talk about conservation.
Self-centred and demanding to the end:
More Qantas strikes to come, unions warns
QANTAS baggage handlers and ground staff have voted to keep fighting for better pay, with strikes possibly increased to 24 hours.
Gold’s record plunge:
"There are a lot of people saying it's margin calls on other assets, but I think more so it's that there's panic around and people getting out of positions they think are over leveraged and risky," said Matthew Turner, precious metals strategist at Mitsubishi Corp in London.
Last week gold fell $100 in price. As a safe haven, why would gold plunge precipitously in tandem with other risky assets like stocks?
The answer may be that what appears to be is not what it is, the price of gold is not supported by genuine wealth but it is artificially even to grotesque level supported by speculators who are greedily holding on margin even as they have margin positions in other assets like stocks and when there is turmoil elsewhere they may be faced with margin calls that necessitate they make forced sales to cover themselves.
Banks may prefer to provide finance to such speculators (speculators who make killings can afford to pay more for borrowed money) than lend for proper business financing, starving the real economy of critical trade finance.
High asset prices extract a crippling toll in costs on the real economy (eg high gold price makes gadgets needing gold parts more expensive) and they may be artificial, higher than what they would be if speculators augmented by margin financing are absent and they are taking even big risks in the name of getting rich fast that not only puts themselves at risk but puts the system at risk if the artificially supported prices should collapse and they are unable to pay for their losses that are left to the public to assume.
GREEDY IRRESPONSIBLE PEOPLE ARE TAKING UP POSITIONS IN VARIOUS ASSETS USING MARGIN FINANCE THAT KEEP PRICES OF THESE ASSETS FAR TOO HIGH THAT MAY CRIPPLE THE ECONOMY AND SHOULD THEY SUSTAIN MASSIVE LOSSES IN A COLLAPSE THEY MAY NOT BE ABLE TO PAY AND IT IS THE SYSTEM THAT IS LEFT TO CLEAR THE MESS.
Property may have been the killer:
Just as a striking asteroid is reputed to have killed the dinosaurs, the soaring worldwide property market may have been the killer responsible for today’s deadly economic crisis that is totally avoidable if governments had moved to control price rises and speculation on the property market instead of encouraging it and thinking it is a boost.
If prices of houses had only been permitted to rise to reflect increased building costs rather than soaring ‘spectacularly’ under speculative pressure, no one would be driven greedily to live beyond his means by grabbing as many houses as he can buy,  no one would ‘flip properties’ to reap fabulous windfall gains and there would be plenty of houses at affordable STABLE prices rather than unrealistic exorbitant prices that forced genuine buyers to pay much more and therefore live beyond their means in order to buy a house.
TODAY’S ECONOMIC CRISIS MAY BE TOTALLY AVOIDABLE IF GOVERNMENTS HAVE STRICTLY REGULATED THE HOUSING INDUSTRY TO ENSURE PRICE RISES ARE DUE TO COST RISES AND NOT SPECULATIVE. THIS WILL REDUCE THE GREED DRIVEN FLIPPING OF PROPERTY THAT INCREASED DEMAND FOR HOUSES, PEOPLE BUYING MORE HOUSES THAN THEY CAN AFFORD TO SPECULATE FORCING GENUINE BUYERS TO PAY MUCH MORE AND THEREFORE LIVE BEYOND THEIR MEANS.
SOARING PROPERTY PRICES TOGETHER WITH A BANKING SYSTEM THAT RECYCLED MONEY SO THAT A MILLION DOLLARS DEPOSITED CAN BE LENT MANY TIMES TO SUPPORT MANY MILLIONS OF DEBT MAY HAVE ENABLED A WHOPPING DEBT BUBBLE MANY TIMES THE ACTUAL WEALTH IN THE SYSTEM TO DEVELOP LEADING TO TODAY’S DEADLY CRISIS THAT MAY HAVE DOOMED MANKIND TO ECONOMIC AND SOCIAL DISINTEGRATION.
IT REFLECTS DELUSION BY GOVERNMENTS THAT THEY THINK A HOT PROPERTY MARKET IS GOOD FOR THE ECONOMY.
IT IS NEVER HARMLESS OR A BOON (GOOD) TO ALLOW PROPERTY PRICES TO SOAR BUT IT ATTRACTS GREEDY HOARDING THAT IS SELF PERPETUATING DRIVING PRICES TO VERY HIGH LEVELS BEYOND THE ABILITY OF THE ECONOMY TO SUSTAIN AND ULTIMATELY EVERYTHING MUST COME CRASHING DOWN OR YOU ARE STUCK HIGH ON A CLIFF WITH NO MEANS TO SAFELY CLIMB DOWN.
Money does not grow on trees:
Many will tell you imperiously didactically or moralistically ‘money does not grow on trees’ yet mankind does not understand and behaves in many ways as if money grows on trees.
By seeing nothing wrong, seeing it is perfectly natural to place an order for a house and see the price rise and make an easy profit of $50,000 they act as if money grows on trees, comes out of thin air and has no consequences. Similarly they buy a share and see it soar making fat profits and think it justified.
Such windfall money does not come out of thin air or from trees but comes from others, comes from society or the system that in the end like a boomerang will come back and knock you and everyone off their feet. Speculative price rises start an arms race of everyone trying to jack up prices to keep pace and this race invariably runs out of control and spiral into a crash.
IT IS COUPLED WITH THE COMMON BANKING SYSTEM WHERE WEALTH LENT CAN BE RECYCLED MANY TIMES THROUGH DEPOSITION LENDING AND RE-DEPOSITION THAT DEADLY DANGEROUS MULTIPLES OF DEBTS CAN BUILD UP THAT IS INCREASINGLY BEYOND THE EXISTING WEALTH TO SUPPORT AND MUST END IN A FATAL COLLAPSE.
Recycling money is dangerous, should never have been allowed:
Recycling of money to be repeatedly lent in a common banking system is deadly, enables many multiples of debt to existing wealth to arise and it should be understood and never permitted and it reflects mankind’s lack of understanding even in matters dear to his heart, money that he sees nothing wrong and condones it.
Subscribers’ copies of Newsweek had the label on the cover stating ‘subscriber copy not for resale’. Similarly money lent by banks should have the label ‘LENT MONEY, NOT FOR RELENDING’ and with each instalment the borrower has successfully repaid the same amount of money should be released from the caveat not to be re-lent’.
MONEY LENT BY BANKS SHOULD HAVE THE LABEL ‘NOT FOR RE-LENDING’ AND ONLY WITH EACH REPAID INSTALMENT SHOULD A SIMILAR AMOUNT OF MONEY BE RELEASED FOR LENDING.
IT REFLECTS MANKIND’S ABSENCE OF TRUE UNDERSTANDING THAT HE SEES NOTHING WRONG WITH CURRENT BANK LENDING PRACTICES, SEES IT AS PERFECTLY NORMAL WHEN IT PERMITS DANGEROUS POTENTIALLY FATAL MULTIPLE OF DEBTS ARISING FROM A CERTAIN AMOUNT OF MONEY DEPOSITED IN BANKS.
Singapore is sitting on a whopping big property bubble:
It reflects their intense delusion that economists are still debating whether there is a property bubble in Singapore when there is a whopping big bubble there as in HK and China and it is a matter of time when there is a terrible reckoning with bursting and mass misery.
What is a property bubble?
When there is a rapid relentless generalised, sweeping across the board rise in property prices with buoyant demand that is speculative (buying for investment or hope for profit with price rises) that is above cost rises then you have a property bubble that is dangerous.
People including professionals talk about property bubbles yet do they understand what they say?
WHAT IS A BUBBLE CAN BE CLEARLY DEFINED AND CANNOT BE REFUTED BY ANYONE. I SAY A PROPERTY BUBBLE IS WHEN THERE IS A RELENTLESS, SWEEPING ACROSS THE BOARD PROPERTY PRICE RISE ABOVE COST RISES AND THERE IS A HOT MARKET WITH A LOT OF SPECULATORS, PEOPLE BUYING MORE THAN THEY NEED IN THE HOPE OF QUICK EASY UNRIGHTEOUS NO WORK DONE GAIN THAT THEY GREEDILY BORROW MONEY FROM WILLING BANKS TO MAGNIFY THEIR BETS.
Asset bubbles are never good or harmless or inevitable:
Whether an asset (property, shares, commodities like oil) bubble is harmless, good or bad is objective not subjective and it reflects total human wrong understanding that even so called economic experts have difficulty detecting their presence and are indifferent even perceive them as good or can be harnessed for economic benefit like a controlled nuclear chain reaction.
ASSET BUBBLES ARE NOT INEVITABLE AND CAN BE NIPPED IN THE BUD BY VARIOUS MEANS LIKE SCRUTINIZING BANK LENDING AND EVEN CONTROLLING THE PRICES OF HOUSES, ASSET BUBBLES ARE ALWAYS EVIL AND LEAD TO DISASTER. ANYONE WHO DISAGREES HAS WRONG UNDERSTANDING AND HERE IS PROOF AGAIN MANKIND THINKS HE UNDERSTANDS BUT HIS UNDERSTANDING (THAT ASSET BUBBLES ARE GOOD OR CAN BE HARNESSED FOR BENEFITS) IS FALSE AND THE FACT THAT IT IS CONSISTENTLY WRONG MEANS IT IS REHASHED RECORDED UNDERSTANDING.
Who did I copy from?
Is there anybody in this world who shares my views from whom I can copy from?
Because there is no one who voices similar opinions it is impossible that I could have copied or echoed someone else and so if what I say is true and insightful, either I am a genius or I am hearing the truth that no one else is hearing.
Why all asset bubbles are evil:
If they use their money to gamble it is evil but if they borrow to amplify their participation it makes it even more evil and banks that provide margin trading finance is guilty of deadly evil.
It is because of the entry of participants who have no true use for the asset willing to snap up assets even at high price in anticipation it will rise higher and they will make gains and whose holding of these assets deprive those who truly need to buy the opportunity to acquire so that they are forced to pay higher prices that price rises are self-fulfilling.
MANY OF THE PARTICIPANTS IN ASSET BUBBLES ARE FOLLOWING THE HERD INSTINCT, HAVE NO NEED FOR THE ASSET AND ARE IN THERE TO MAKE A QUICK WORK-FREE PROFIT SHOULD PRICES RISE AND BY WILLING TO BID HIGHER AND HIGHER PRICES AND HOLDING ON TO THE ASSETS, THEY CREATE FALSE SHORTAGES THAT FORCE GENUINE BUYERS TO PAY MORE WHICH GO TO THESE SPECULATORS’ POCKETS.
WHATEVER YOU SAY, THIS IS UNRIGHTEOUS, A FORM OF INDIRECT ROBBERY AND YOU WILL BE PUNISHED AND THAT MEANS ETERNAL PUNISHMENT AND NO HEAVEN.