Bailouts, bailouts and bailouts! We hear this everyday now. My question is when will bailouts end? And more importantly, what will happen to our economy and our wealth after so many bailouts and capital injections by central banks?
Our world has changed and only history can tell whether the bailout actions taken are right or wrong. But what I worry most is that the bailouts won't be able to help recovery nor prevent further collapse of our dear Financials.
Furthermore, the exercise of printing money or rather the concerted efforts of central banks to print money and inject capital into the financial system will inevitably inflate money supply and how can we ensure that inflation won't worsen?
I am not complaining. Our lives are too short to worry about these matters. But we owe certain moral duties to future generations to provide a sound financial world for them to live in. What kind of order and system will we create after going through these terrible financial crises? What kind of new world order will we see?
Yes, mankind is facing an unprecedented challenge in human history! Let's show the world our courage, our determination, our unity and our human spirit to overcome the difficulties lying ahead.
Thursday, September 18, 2008
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