Thursday, January 29, 2009

The Financial Tsunami ( FT ) - The Way Forward ( 2 ) - It is more blessed to be the Spender than the Scrooge.

The FT has developed into a catastrophe of such an epic proportion that the world's governments alone cannot revive the global economy to her healthy old self without the help of their citizens. Those who can still afford to spend must do so to save the world including themselves from falling into the endless abyss of a chronic economic depression. It really hurts to have, say 30 % or even 50 % of our wealth evapourated overnight but it will hurt even more should the world economy tail spin into a vortex of downward and unstoppable vicious circle of deflation.

Money is just paper or an I OWE YOU ( IOU ) given to you by the issuing authority. It means nothing until your hard earn dollars are SPENT ! Besides, you cannot take a single cent with you to heaven or hell if your number is up. Furthermore, money is always losing its real value by the day. You can never tell for certain when your health will catch up with you although we all wish we could stay healthy, happy and alive forever. For the rich and famous like most of you what real difference does it make to have 5 million out of, say 10 million evapourated except the temporary frustration of being taken for a ride by the high ranking crooks in the financial market.

I am certainly not advising everyone to be extravagant and wasteful with your money. What I do seriously urge you ( especially the really rich and privileged section of society ) to do is to keep to your original spending plans such as changing your car every 5 years or your video equipments and computer hardware every 2. Your travelling plans should not be held back simply because your financial pride has taken a beating. Do whatever you like ( subject to all natural and just human laws ) and as you have planned before the FT and refuse to be rendered unhappy by the financial terrorists and criminals who must be brought to justice ASAP to restore confidence in our financial system. After all, no one can guarantee that he or she will be as fit as a fiddle same time next year. I 've got to run. I have promised to take my wife out for a sumptuous seafood dinner to prop up the economy. Who will listen to my jabbering next time if yours truly never does what he advises others to do. Be the SAVIOUR of the world - be a SPENDER and not the SCROOGE. Cheers for now !


JKHC.