Tuesday, October 21, 2008

Financial Mess

Once we had a world financial system that worked very well. Today it is no longer so. There must be some body, inspired by greed, who manipulated the system - a grand conspiracy of sort. People are quick to point accusing fingers at the Jews, who we all know control world banking.

I am no economist but I dare say the financial collapse, shows the weakness of the capitalist system spear headed by United States. The collapse would not have happened under socialist system where state interest prevails over group interest.

I have personal reason to be worried. My daughter has just started work as an engineer in a factory that manufactures electronic products for the markets in North America and Europe. Looking at the situations there, they might not be able to pay for their import from Malaysia. The factory here might have to be closed down. Then lay-off

Financial mess on a much smaller scale happened here in 1997. It was caused by hedge fund people - the currency traders and George Soros was one of them, according to Dr.Mahathir

1 comment:

eMMa said...

they say though the world is at economic stake, sales are going well for sony. if they lay off i can always go back to something else like teaching english. nothing to worry.