let the bad times begins.....

and so the government is finally opening the scared vault... and take a little money out from there... and surprisingly, the vault hinges are not rusty and not at all difficult to open... there were no debates, no fighting no opposition form the one who guards the key.

someone said its rainy day now... lets buy umbrellas for the people.

yap and so the 20 billion package was born. yes it was born at a time of crisis and with a bad outlook that is no where in sight.... its a bad omen baby i guess... and worst, there could be a part 2...part 3..... who knows in these time of uncertainty.

the question brings me to this... why in the world things got so expensive and turns thing for the worst?

the answer after much thought on my side "splitting headache" (think too much) is very simple.... MAN'S GREED!!

our relentless pursuit of profits at all cost and consumers wants leads to where we are today. simple.

today rentals are coming down. government have to subsidise more things. gas price is coming down, there will be more tax cuts, longer repayment terms, government is injecting money into every 'hole' to stop the leakage. during economy boom and in the bull run... and in some cases during no so good times.... price rises. yes, everything is on the rise. an mp once said the government is on the "profit at all cost" mentality. the lower income and the middle income are the hardest hit, and they have no voice.... the people at the top can never feel what it is like to save just 10 cents to use your own plastic bag.

businesses are cutting cost or closing down because consumers can no longer afford anything. and in their relentless pursuit of profits, prices of good and services increase when times are good, and hardly comes down at bad times. they squeeze and squeeze... from their workers to consumers.... and their wallets got bigger and bigger....

consumer spending appetite gets bigger and bigger everyday. we want more, we want luxury, we want class.... we want everything...and it is limitless even though we know we cannot afford it.

its is a vicious circle... everyone is to blame for this shit we are getting....from consumers to business to government.

so why is it that price can come down now?

if rental can be at $3 psf now instead of $10psf then, it means the landlord was making at least $8 psf profit.... and if at $3 he is still making some profits, then it only means that he is in fact making more then $8.....

houses that cost millions are sub million now.....what happen? speculation? condos prices were at more $2000 psf are now much lesser. people who buy them may be rich, but its negative asset. what about middle class people who buy something that is not so expensive but within their income? it may be negative asset now too..... yes...some one who buys a public housing at $700k is now in the negative zone..... can can they still afford to pay? what if they got retrenched now..... what if they get a huge pay cut?? what then?

all along i have said that its crazy, they market is false, not real at all... some one may be be doing this to prop up the market, a 'castle in the air" market, a feel good atmosphere....

sometimes i don't understand..when do public transport or public housing wants to make so much profit? and this profits climbs every year. if the make $100million this year, next year they want $150 million. why? is it no for the people if its a public thing? why want to make so much profit year on year?

the thing is business wants to make more maximum profit. they feed on consumer greed. in turn the governments increase business tax since they are making so much..... and since in good times we make more money, they also tax us more...... and this increase in taxes is transfer to consumers...and consumer have no choice but to pay, and mind you, these are essential goods and service for everyday living..... things like rice, vegetables and fish, meat, toilet papers... transport... housing.... gas and electricity

now that all the markets have crashed and everything is at a standstill, i hope we can all sit down and think of all that had happened over the last 50 or 60 years. have a new perspective in the world and to rethink. i hope this crisis will finally knock some senses into man's attitude in life and living.... then again, did we learn anything for the 'great depression'...

like i said its a vicious circle. we all have a chance to witness the 'great depression' in modern times.... some have witness it twice in the 30s and now in 2008/9. i don't wish to witness another one in rest of my life time.

one of the deadly sin..... GREED

another useless thought