Wallstreet Bailout plan rejected by politicians; Markets down; economies @ risk; Oil soon falling into our livers? lool prepare for famine
"U.S. lawmakers in the House of Representatives on Monday voted against the biggest proposed government intervention in the U.S. economy since the Great Depression of 1929."
"U.S. lawmakers in the House of Representatives on Monday voted against the biggest proposed government intervention in the U.S. economy since the Great Depression of 1929."
Getting closer to the prophecized famine (http://www.islaam.com/Article.aspx?id=402) ? Economies/ Petro Chemicals will be affected; Oil might soon fall into our livers (Kuwaiti expressions: يطيح بجبودنا lool). Markets respond badly; DOW down by 700 points!
Economies at risk; money will be worthless, your safe heaven: replace worthless papermoney with something of intrinsic value:buy gold... too late! it was less than $400 back in 2000/2001, now gold is at ~$950 (http://www.kitco.com/; darn, I only bought two tiny pieces back in 2004/2005 for a total of about KD900, now should be worth over KD 1800)!!! loool.
On the economical side of things: that's capitalism for you... the culture of spending and spending to buy what you don't really need (satisfying too much of your needs so much beyond the essentials: women's fashion and brand name handbags... you can tell I'm married, lol) and when that drives prices up you just borrow and borrow (loans, credit cards, etc...) to keep spending which drives prices up more since they know you can borrow to keep spending!!!
"Capitalism and Islam: what's the difference?
Is there any real difference between the Capitalist and the Islamic economic system? Both systems allow you to make money, but they are completely different in how money is accumulated and spent. The reasons for such great differences is the source and hence, the ultimate goal of each system." (full article: http://www.sa.niu.edu/msa/articles/capitalism.htm)
UPDATE: Obama says: "Revised bill may pass". Still, confidence in this system is already shaken...lost... all that financial risk-analysis and risk mitigation fell on the face of human greed.
