A THOUSAND CROSSINGS X

Dear Diary...
The Greens
dimanche 19 octobre 2008

Nope. Not the leafy veggies. I mean the thin sheets of paper. That smells of. MONEY.

This post is really 犹如骨鲠在喉,不吐不快. Its been maybe 3 weeks? Since the fall of the Lehman Brothers. That fall left hundreds bankrupt, thousands in debt, and maybe millions without savings. But what caused this?

Is it human greed? Probably. But if it is, it's definitely not the investors' faults. The fault lies in the bankers and brokers and all the highly-paid executives who speculate, and invest the greens. Not only that, they advertise heavily on their 'soft' products (e.g DBS High Notes, Pinnacle Notes). Its something like stocks and shares. Rises and falls. But this time it fell and never rised again.

Countries around the world has thrown in billions of dollars to salvage this dying situation. It isn't unusual for one to wonder, "How would 1 company's fall damage the worldwide company to such a large extent?" My answer to this question is...this company's main product, is money. They are playing with money. How is money earnt? Basically, through circulation. Worldwide, money changes hands more times than we blink. I would bet my last dollar on that. And now, with one less company to circulate that money, the circle is disrupted. Money is complicated.

Here's an analogy from a novel I read. The government needs an Aircraft Carrier. It cost 7 million dollars. But actually, its free. The government pays the workers who builds the ship, pays the researchers, pays the people who provide the materials, and pays whoever does whatever. Those people spend money, and are taxed. They are also taxed on income. that's money going back to the government. In addition, for public services, they pay money back to the Government again. More or less, that 7 million spent, is 7 million earnt. In short, an Aircraft Carrier that costs 7 million dollars is crap. It's free.

So basically, money is just going in circles. It just matters where are you in that circle, and how much will go in, and out of your pocket.

Back to topic. So what has Singapore done to alleviate the situation? The MAS is looking into mis-selling of the products, and trying to get as back as much as possible for the investors. But looking at the situation now, what you can get back is really quite little. No way Singapore is going to pool money and give it to the people. The people has chosen to invest the money, not the government. It may sound cold and unfeeling, but that's the way it is.

Money. How complicated. Its not safe in a bank. Not safe in a vault. Not safe at home. Just let it run in circles. It'll end back into your pocket sooner or later.

Money will buy you a fine dog, but only love can make it wag its tail - Richard Friedman

yongliang
filthy rich guy wannabe.

he closed his diary at {19:14}

Probably 1 of the thousands of babies born in 1993,
Got his first whack on the ass on the morning of 030993. It was a Friday.
Preparing to face the world now in Catholic High School.

This guy is/was a:

:;Part D UDI:: 2008 (technically, but not in name)
::Part A UDI:: 2009
in the CHS NCC (Air) Unit
::Programmes Coordinator:: of the CHS Prefectorial Board.
::Marksman::! x3
::Orienteer::!
::Outdoor Adventure Leader::
::2 Star Kayaker::
::Bronze Swimmer:: (i'd drown)
::ex-Pilot::
::Pencil artist::
::Vector artist::
::Amateur Photographer::
::Amateur Pool Player::
::Narcissist::
<<@>>>
Last but not least, he THINKS he is a pretty nice guy :) (He actually is.)

He has so many likes, dislikes, and wishes that they have to be put into lists below. read more...

I blog what i like =] i like many things.

I ♥ her

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Established since 27 January 2008
Webmaster: yongliang (:
users online

Likes ;

NCC AIR CHS
M-16
Snap targets
The Number 3
Pretty things
Beetles :)
♥Stealth : F/A-37 Talon & EDI!!!
Going places with his feet
All living things (:
Reading novels
♥♥♥♥Taylor Alison Swift!!!<3<3<3
♥♥♥Jang Nara <3<3
♥♥♥Elaine Cassidy!<3
♥♥Colbie Caillat
♥♥Dawn Yeoh
♥Drew Barrymore
♥Frens
MACADAMIA NUTS!:D go nutty
Yellow
MILD Pink
red
Anything Ferrari or Schumacher. :)
Chocolates :D
Donut Factory!
Candy Empire :D
White
piano
I
Me
Pool
As
FOUR. They say it's my lucky number.

Likes not ;

Psychological Needs;

Material Wants ;

Go Base Jumping!
FELIPE MASSA WIN F1 2011
FEDORAS!
Nikon DSLR
AF-S VR Zoom-Nikkor
AF-S Micro NIKKOR
AF Nikkor 35mm f/2D (wideangle)
AF-S NIKKOR 50mm
~~GET FEARLESS ALBUM!~~
Learn how to swim PROPERLY
Stumpjumper FSR
Trek 1.2
Faber Castell Sketching Graphites
Prismacolor Sketching Charcoal
AVIATORS! (it's not a game :S google it):D
to have a Ferrari Laptop!!! (screams!)
to have the Sony T77 :D
to have a Ferrari F1 car model
financial freedom? i wanna be rich. filthy rich.
to have a new backpack
NEW NB SNEAKERS!
~~to have a Sony PSP~~ - I don't need one at all.
to have a better computer :D
to donate blood
to get good grades
~~to get NEOPRENE billabong pencil case~~
~~to make my shooters No.1 in Singapore.~~

☆Frens4Life ;

#

.::13 Grandmothers::.
.::FOURoNers::.

A

.::Amanda::.
.::Anders::.
.::Avan::.

B

.::Balthus Ben::.
.::Benjamin Goh::.
.::Bryan Koh::.
.::Bryan Seah::.

C

.::Chang Jing::.
.::Christabel::.
.::Clarence::.
.::Clarissa::.

D

.::Darren Mok::.
.::Dong Lum::.
.::Donson Toh::.
.::Duo Geng::.

E

.::Edwin Liang::.
.::Eleanor Chia::.
.::Elgyn Lau::.
.::Ernest Tan::.
.::Eugenia::.
.::Eunice::.

G

.::GeRaLd LiNg::.
.::Gary Lai::.

H

.::Han Wen::.
.::HuI PiNg::.
.::Hui Yang::.

I

.::Irwin Lim::.
.::Ivan Yak::.

J

.::Janier::.
.::Jie Min::.
.::Jonathan Chew::.
.::Johnervan::.
.::Joshua Tan::.
.::Joen::. [dotter]
.::Joel Yow::.
.::Jun Hoe::.

K

.::KANAAAAAAAAAA::.
.::Kenneth Lim::.
.::Ken Seah::.
.::Keziah::.[sis]

L

.::LaU SwEe YaN::.
.::LeWiS TaN::.
.::Li YuAn::.
.::Ling Kang::.
.::LingLing::.
.::LingLing & Silvana::.

M

.::Martin::.
.::Monkey Clement::.

N

.::Nicholas Wee::.
.::Novell::.

O

.::OnG ToOn YaNg::.

P

.::Phyllis::.
.::Prince Pickles::.

R

.::Roslina Yong::.
.::Roy Goh::.

S

.::Silvana & LingLing::.

T

.::TaN Ek KiAt::.
.::Tawan Teo::.
.::Teck Lee::.
.::Teh Wei Jie::.

W

.::Wei En::.
.::Wei Jie::.
.::Wei Lun::.
.::Wei Kit::.[twin]
.::Wei Xuan::.[the robot beside me]
.::WeN XuAn::.

X

.::Xuan Yu::.

Y

.::Yan Rong::.
.::Yuk Tim::.
.::Yann Yih::.
.::Yong Hwee::.
.::Yu Cheng::.

Z

.::Ze Jun::.
.::Zong Xian::.
.::Zheng Xiang::.