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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Arran Yuan who wrote (40218)	9/22/2008 11:42:04 AM
From: Rolla Coasta	Read Replies (1) \| Respond to of 218082

just-in-tray Recently, many investors have been hurt by the Lehman Brother's bankruptcy. Those who have bought their so-called "investment products" offered by various major banks, like the recent mini-bond in Hong Kong, get nothing, zip, nil, with no escape whatsoever. I heard one of them has lost his entire multi-million life savings in the mini-bond collapse. Meanwhile, the Hong Kong SAR government seems to be powerless to do anything but sit and watch the corruption within the banking system. Can you say you've got thieves working inside all the banks ?? They would offer various so-called "investment vehicles", so as to lure innocent victims into their traps. Some foreign investment banks in Hong Kong even offer crappy and risky warrants, which they claim as to "highly leverage" in trades but in fact pure pump and dump scams. Now, people have been screwed because the government have intervened the market in a big way. At some point in time, if the banks do not provide enough confidence to people, I think they would simply commit suicide, and all banks would indeed collapse altogether. Besides, short selling by "uptick" rule shouldn't be banned. What if those who shorts the financial are correct ??? How bad do the banks burn their books ??? Can we go on like this forever as if nothing has happened ??? Although the government can manipulate the market without any short to push down the market, something eventually has to give. Would it be the dollar ??? The scary thing is that the race could be "on" for China, Japan, or even Saudi to sell their lovely dollar, because the US government is simply shorting the dollar themselves. The debt is sky high unlimited and we will probably see oil to go back to $150 or even higher. Believe me, it will happen ... because the banks are so screwed up. They create something to destroy people, and ultimately they will destroy themselves. Sound stupid enough .... I am just fucking tired to hear the corrupt bankers keep defending for themselves and get no jail time.