Sunday, May 4, 2008

Upside down..

Its that period of the market cycle again where hypocrisy is masking market well being..

What I mean by the above statement is the change in the attitude of the so called 'Capitalist' world which has learnt a new lesson of 'Socialism' in the last 6 months of this major financial distress. No points for guessing that this blog is about US policy makers!

When the markets began to tumble at the begining of the August 2007, our friend Ben approached the crisis as a self regulation mechanism and did react as if it was just another day where he sits over shit and reads newspaper. It was only after a few farts that he realised what actually had happened to him was loose motion. Incidentally, that loose motion of his isnt being cured yet. One thing which incredibely came out of this episode was a change in thinking. Suddenly Ben decided to become a socialist; he forgot what capitalism was; he forgot that the rule of the market is 'survival of the fittest'. Instead Ben choose to help the orphans, ya ya ... poor little investment bankers who forgot Basel II. Papa Ben will buy all junk paper in the market and go to house's to collect rents. Papa Ben will give orphans more money to spend more money to waste ... Papa Ben will make sure they get food to eat .. given that Indian's eat more food now, Papa Ben along with grandpa Bush has to make sure american orphans get food and become smart when they grow up... Papa Ben has an 800 Billion dollar Balance sheet and he is gonna rescue us all !

No, the objective of this blog is not to disgrace american's ... its about how hypocratic US policy makers are ... they would come to all WTO rounds asking developing countries to reduce food subsidies; asking for a capitalist approach out of these countries. Where the fuck has capitalism gone now? .. why the fuck Mr. Ben fears american investment banks being taken over by Chinese banks now? It was a rule US propogated, so why isnt it being implemented now?... Why go beg money from Arab's now .. you always had an anti-muslim propoganda? .. this is as hypocratic as it can get ... You dont have food to eat; dont blame it on others...if you got the balls to do it; try and strengthen US dollar...

Fact of the matter is short term Socialism is not bad ... we all know developing world needs socialism to compete with the big boys and there is no shame in thinking about the well being of one's country however socialistic that is. The truth as it stands today is that the developing world is more capitalistic than the developed world, banks are more solvent in the developing world, the middle class can afford a better living standard, kids have better education and the biggest irony of all is that developing world has food to eat which the riches dont have.

Its time that countries like US realize; their time to dictate terms has gone; better not propogate something they can't follow themselves. Its time to respect the developing world, its time where 'war' is not your solution to get out of recession ! The world is turning Upside down and no power can stop this from happening because its time has come..

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