The American politicians are worst than mafia, steal the money from the average American and gave it to the elites, which in turn sponsor their campaign to win the election.
They are worst than scumbag, enriching the elites and poverised the average American.
The average American will soon realised that they are being con by the politician when their money is devalued, i.e. the cost of living will increased drastically as a result of the printing of money and it will cause civil unrest.
The Fact (what Jim Rogers said)
- it is not only economically insane to throw good money at bad investment, it is also morally and ethically wrong to do that.
- it is immoral to take the money from the average American and subsidise the incompetent elites in the Wall Street.
- no average American will benefits from the bailouts, other than a few elites.
MyView
- The average Americans are doomed in a few years time
- Never in history that printing of money can resolve the recession, espeacially when one is already broke
- This is not only the American problem, it was exported to the Europeans as well, if not worst, making it a syncronized global depression
- some of the good ideas after listening to Marc Faber, Peter Schiff and Jim Rogers, any spare money should be invested into
- high dividend yield stocks in economically sound countries like Canada, Australia, HK, NZ, Singapore and/or China (Peter Schiff)
- invest in commodities index, ETFs which comprises Metals, Energy and Agriculture (Jim Rogers)
- invest in agricultural stocks in China (via HK 'H' shares) and water treatment plants , which are not affected by the crisis
- invest in GOLD (recommended by Peter Schiff, Jim Rogers and Marc Faber) to protect against inflation or if gold mining stocks (Marc Faber)
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