Wednesday, November 12, 2008

one of the 7 deadly sins is GREED

up until recently, no one even bat an eyelid about GREED. some says there is nothing wrong.

today, everything is wrong...... and the answer is been revealed today. the world economy is on the verge of collapse. many people are going to kill themselves.

GREED on the part of the government
they allow business to run with not much regulations. as long as business pay tax, they are hands off. they let easy credit be part of the lives of the people. making them spend future money that they don't have and cannot afford to spend. this, my friends.... they called it free market.

GREED on the part of business community
business people will go to world's end to make money and squeezed every cent out of consumers. they will not hesitate to substitute toxic material to food and products. as long as the money roll in, they do not care if human lives are at stakes... produce cheapest and sell highest is their motto. even if babies dies eating it, they don't care. money first and lives second. china is just one example of such GREED. till now, the milk scandal is a worldwide issue.... wha have they done? caught about 20 people responsible and send 3 men into space!!! as if nothing had happen.

GREED among all the banks
to make quick profits, they sell worthless products to greedy people who wants to make a quick buck. the prey on this and consumers get suck into this game of easy money..... invest in "low" risk products and get high returns..... is there such a good deal in this world? best of all CEO get paid millions to collapse banks and institutions and taxpayers money are used to bail them out while they go for all-expenses paid luxury parties WITH taxpayers money!!!

GREED among investors
last but not least the investors themselves. in boom time, they collect huge dividends. they say their investment good, the relationship manager even better. all happy boom pee pee...... see money and laugh all the way to the bank. now they are screaming their heads off and cursing this very people they say are the best...... they have lost money...some, its their life savings..... they blame everyone but themselves. they want to sue the banks for misleading them. what about the good times? have they forgotten? there is a cantonese saying. "if a cow don't want to drink water, there is no way you can press the head down and force it to drink"

advice?

i am no guru in finance. i am just a poor dog living within my means and minding my own business.

GREED... one of the 7 deadly sins.... do give the other 6 a better thought. it may just come around like GREED did today

another useless thought.

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