Saturday, October 4, 2008

COMMUNIST REPUBLIC OF AMERICA....!

Its real joke of century that America who was preaching free market to world for over century
Is now acting exactly opposite of what it used to preach!
Look at the actions taken by admistration and regulators for last one year which shows that Americans are getting worst than communist china in all aspects!
What is logic in free market economy of saving the investment bank and hedge funds with tax payers money?
Even china never done such things in past.
Biggest tragedy is that man of street is forced to pay for mistakes of some joker stupid analysts blunders of past decade.
Even more interesting is try to protect all mistakes of these funds managers with change in laws!
Why private bank and investment banks of USA allowed not to declare their real assets?
This is even worse than china even!
In fact its duty of international community not to allow these corporations to do business in there
Respective countries for lack of transparency!
Even more interesting is someone like Paulson who was teaching Asia in last financial crisis about
how bad companies should be allowed to collapse for their mistakes is busy nationalising Goldman
sachs!
I warned last year also the subprime crisis is just tip of iceberg contrary to what all world analyst were thinking and top ten American financial institutes will go bankrupt except may be Goldman sachs!
THAT EXACTLY WHAT HAPPENED!
Now with last doses of steroids that is fed cuts almost over this bailout is nothing but keeping economy on ventilator till something can be done.
This is just about end of American economy now.
I mentioned at start of year about beginning of end of American economy
If this last gamble of American government does not pays off u can surely see American economy going North Korea way!
THAT IS TOTAL BANKCRUPY IN NEXT 10 YEARS!