i am not too sure if i need to have a PhD to say this..... "i knew this would happen one day" and i have said it long ago.... and the 1998 financial crisis is one good example

and we sure don't bush to tell us we are in crisis...CNN headline today... and i consider it the joke of the day.... Bush: U.S. economy is in danger.... i am sorry...even my dead goldfish knows that.....

i am talking about the financial turmoil around the globe today........

the financial institution is like a complicated web...spinning and spinning our of control for a long time..... the more we try to 'un-web' it..the more complicated it gets. this financial web is the work of men. to make fast money. they lay down the laws and rules of the game..... stock market shares and prices goes up and down because of them... 'making' it happen they way they want it.

ask yourself this... why did crude oil prices sore like an eagle a few months back? and then drops again? maybe someone need some fast cash for investment......??? its a 'yo-yo' situation now....its USD130 in the morning and then USD103 by evening..... does this make any sense??

yes... this is made even more complicated by men and their doing... who thinks that they are so damm smart. making easy money, giving loans after loans...credits after credits knowing FULL well that many of them cannot make payment.... i guess... for them...its like "hell...we don't care...we just lend and make the money NOW!...whatever happens later...can happen later, money first, talk later...."

bring it down to a more laymen scenario, banks offering cash line. i have said it before and i am saying it again...banks are evil people. they keep calling people to ask them to do funds transfer..offer low interest payment....tempt you to spend money you don't have and money you cannot afford to spend. they sent you nice brochures of holidays packages...spas...restaurants... gadgets you don't ever need. they will tell you that you can have all these at low interest and you can do installments..... but what they don't tell you is...if you default, you will pay through your nose..... and die!

so, in the 'real' financial world, this layman scenario is magnified a million times...... and now they are in trouble. does a 100 year of institution deserve to collapsed like this....

i say YES!!!... they don't deserve any pity, they brought it about themselves.... they are paid millions and they are million dollar flops. so what if its a icon?? they make people pay for evey single service from baking in dollars notes to coins and issuing of cheques.....

imagine an old man saves a $100 worth of coins over a long period of time...and to bank it into the banks, they charge him between $10 - $20 for the "service"...... so he is left with $80....does it make any sense????

i don't know...let the masters and gurus of the financial world do the talking...they are best at these things..... otherwise how else can they collapsed the financial world? yap..its head they WIN...tail you LOSE.

there are people out there standing on the ledge of a building ready to jump. there are people out there unemployed because of them. there are people out there who need food on the table to feed the kids..... who will pity them? the banks?

they will only give you an umbrella when its sunny and bright, now its raining...there is a storm, a typhoon and they are asking for their big beautiful umbrella back..... you can die and soak wet in the rain...its everyone for their own skin now.

trust the banks!!! and best of luck to all those who are badly hit by the stock market.... yes it will bounce back no doubt....but only when the men in power say so...... and IF you have the holding power.... but for now...its either paper loss or real loss.

put your money under your pillow or save it in the Milo tin would be a much safer option...just like the old days.

there is another thing i cannot understand... we buy insurance to protect ourselves.... but now the insurance is in trouble....so what insurance are we really buying?

i can see it now, buy a insurance policy to protect your insurance policy against an insurance company that insured your insurance that insures your health... investments and many others.....

yap...another web..another spin..... another troubled outlook again in time to come. men will never learn.

another useless thought