Now we must sort things out and separate them one by one. What I mean is how bad will the market downturn hurt poor guys like you and me.
If you didn't speculate or over-speculate, you should not be in the high risky group now.
If you have holding power over good valuable stocks and investments, you don't have to fear at all unless you simply don't have cash to survive for the near future. This is quite unlikely for an investor holding good stocks and investments.
If you are one of the most prudent type and have been holding cash all along, then you are king now. There is nothing to fear except that you should pull your cash out of troubled banks. Even with governmental guarantees or assurances, I think you should pull your money out and find some safer cash instruments to hold.
If you are in Hong Kong and have avoided buying stocks and flats in the last few crazy years, you are also king now. Your real concern is how to ensure that you won't be hit by the Bear Flu virus released from Wall Street! That means you must keep all your cash and assets in some safe and reliable custodians/banks. But you should still work out a very careful budget to ride through the economic recession.
If you are working as an employee in businesses hard hit by the financial crisis, bad luck! You can't avoid being injured. But that is life.
In Hong Kong, the majority of the poor guys might probably be still in the low-risk categories because most poor guys are not rich enough to buy products like structured investments, LB minibonds, accumulators, etc. , or speculate heavily in stocks and shares. They may not have purchased an over-valued flat in the last few crazy bubble years and if so, they are further shielded from harm. The only problem is that their employers may have done all the speculations and other stupid things leading to financial disasters and they may be laid off when their employers can't continue business or downsize, etc.
The situation is similar to what happened in Hong Kong in 1997-98! Poor guys got injured even though they were not part of the 'casino culture' of Hong Kong. I may sound mean but imagine how bad our economy can become if only these poor guys run into troubles? Are they economically so powerful as to create a recession in Hong Kong? Well, you have the answer!
So when the devils in Wall Street talk about recession, they are telling lies! It's not real recession; it's recession to the rich, to the worshippers of 'casino culture', to the followers of the Wall Street devils, ... These devils create the myth of recession to put the whole society including clever governments and poor guys in fear, panic and despair. For what? Of course, to enable the devils to suck your blood and do more killings in the financial markets! So don't be naive to believe all the myths about recession and bury yourself in the Hall of Fear, Panic and Despair. The Wall Street devils rely on such techniques to gain powers and controls over you and me; it's the spells and curses that devils use to harm us!
As I have always been calling for, we must quarantine the Wall Street financials, the devils and their friends. But no authority is doing this; instead the evil Bailout Plan is doing exactly opposite by helping the devils to release everything from Hell! That's why immediately after the approval of the evil Bailout Plan, all major stock markets in the world fell and entered into a free fall. I should say everything collapsed immediately after the evil Bailout Plan was approved!
God has clearly forsaken us by allowing the Wall Street devils and their friends to control our world like this! There is no time to repent now; we must die with the devils!
By the way, the mass media is also helping the devils too. They are spreading the myth of recession and you know why? They are an integral part of the 'casino culture' of the Wall Street devils and their friends. Without the mass media, the devils cannot control the mind and soul of human beings and cannot corrupt their spirits so effectively, efficiently and easily! So show no mercy to any mass media firm that is helping the devils!
Saturday, October 25, 2008
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