Sunday, April 10, 2011

SOS Tipping Point


The current market sentiment reminded me of 2008, when more than 90% were bullish on oil. It burst and came back. Could it be round 2? Similarly now gold went up almost 40% in less than 6 months, skyrocketting, yet to burst, could it be round 2? Share market (US) double since March 2009, will there be round 2? Grains prices goes up so high, could it be round 2? US dollar crash to new lows, could it be round 2? MyView All debts must be accounted for, or paid, either by the borrower, or the lender, or the government spread it to all taxpayers, which is what is happening. When this go to extreme, the taxpayer will revolt. But that does not change the fact that someone still have to bear the debt. It is either the borrower, lender, or government, or taxpayers, or all. Look at the Wall Street, over the past two years, their profits is back to 2007 high (USD80 bil) even though at one point they are in the verge of collapse in 2008. Thanks to the government, who eventually, goes to the taxpayers to share the burden and the bankers get another round of profit of USD43 billion. Taxpayers in USA are really being taken for a ride, round 2. No protection at all, when main street goes wrong, government don't bother, when wall street shake, bailout and stimulus. Whichever way you look at it, the mass has to suffer for the minority who take them for a ride, round 1 and round 2, until eventually the taxpayers awake.

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