Tuesday, September 30, 2008

The Huge Gargantuan "Hypocritical Bubble"

Here’s a mail we found in our inbox. It says the biggest stock market crash in history is still coming. Now, that’s really, really news to us. The whole financial-industrial-software-retailing matrix created an immense bubble over the earth, something, um, er, like a giant balloon, in which many became millionaires or paupers based on who were crafty enough to benefit from this gargantuan bubble. It isn’t a small thing, it’s huge. So huge and involves some of the biggest financial, what shall I call it, sub-bubbles – Lehman Brothers, AIG, Fannie Mae, Freddie Mac, etc.

We call this a huge “hypocritical bubble” made of filthy lucre accumulated by unscrupulous means. The sensex plunged and around four lakh crores of their hard earned money to the big bubble. It was as if their money, the sweat of their brows just evaporated into the thin air.

Think of it thus:

You plant a seed and water it every day thinking it will grow big and give you fruit. But it doesn’t. Instead it twines itself around you and tries to choke you. The songs of people’s deprivation will not be sung in air-conditioned financial centres, but they will be sung in the poor villages where terrorism, extremism, neo-maoism are taking root because of the deprivations that they are feeling. We think there are quick solutions like adjusting interest rates and devaluing currencies. But prices are galloping as if on a charger bound for apocalypse.

Quote from the email that landed up in our inbox:

“Robert Kiyosaki, the New York Times Best Selling author of the book "Rich Dad, Poor Dad" and "Rich Dad's Prophecy: Why The Biggest Stock Market Crash In History Is STILL Coming and How You Can Prepare Yourself and Profit From It!", has always had an uncanny ability to predict future financial events!”

Unquote

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