Sunday, October 12, 2008

The Obama Presidency

Got yah! This post is not about Obama Presidency, but something else related.


America has no choice but to make sure Obama wins in November.

Because if he wont, the US will have serious economic problems that would make the current week 's tumble of the stock market peanuts. Imagine a huge capital flight (possibly trillions) in 2009, 20 to 30% inflation weekly, printing of thousand dollars bills becoming common, and a Zimbabwe like environment inflation-wise, hehehe. Common, I am just exaggerating, but who knows?

Unemployment rising, wages going down, so...taxes going down...and soon and so forth. And how much money does the government need to pay its debts? It's not going to be, but The worst situation of all.

McCain/Palin, anyone? hehehe.


Alright, in my previous post, I said:

The recent press conference of Gordon Brown seems to me that the UK is printing pounds - non-stop! Trader's watch out.

So? Cable tumbled last Friday, and I expect a not so unusual inflation in the UK, and EU in the coming weeks and months. And the US, of course. So? tread carefully.


Alright, all deposits are now guaranteed everywhere. Yup...guaranteed, until a/the bank failed, and....

Sorry you're money is locked up.. will deal with it sometime next year. is how we are going to do get 10% of your deposit every year for the next ten years without interest, hahahaha. Calm down. What does the tiny prints says about payouts? How many years was it? Was there a cap?

OK, don't panic, I am just scaring you...but who knows? The FDIC's fund currently has about $45 billion, a five-year low. We can never tell. Nyehehe.


Will it be over soon? I dunno.....what does CNN have to say?

SAN FRANCISCO, California (AP) -- Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion rescue plan to restore order to the financial industry. Here is the link.