US$

Was reading fundsupermart's forum and a forumer introduced a link to some financial talks at youtube and i saw this interesting one:

US$ in Crisis. Something to ponder for all of us.
http://www.youtube.com/watch?v=4n3g5lUgkWk&feature=related

A simple and Must read book is China Inc
(http://www.amazon.com/China-Inc-Superpower-Challenges-America/dp/B000W3W99U/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1198232865&sr=8-1

Read it 2 years ago and cant believe wat's going on between the US and Asia. It says China lends the US$ massive amounts of $$$ to sustain their economy. In Summary:

1. China buys US$ Bonds (bonds of banks and buildings) as a form of IOU
2. Until US has $$$ to pay back, these banks, buildings etc belongs to China
3. Summary = Many things in the US belongs to China until their debt is clear

1 book (cant remember the title) says, for every US$1 the American earns, they have US$3 in debt..so scary!!~ *Vonnie, dont overspend hor*

What if China stop buying those bonds (meaning, dont lend US any more $) and the world's next currency is Renminbi or Euro?

Oh yes, the Middle East Oil traders have stop using US$ as their trading currency since early Dec coz it declines so much that their profits are eroded. They are using the Euro now.

Due to the mis-managed of the US financial system, the middle class got hurt the most. They are now working harder for the same wages but buying lesser and lesser goods!

Ron Paul, what he is saying is sooooooooo RIGHT!
http://www.youtube.com/watch?v=IWfIhFhelm8&feature=related

My portfolio fell to 6% from the previous 18% coz i switched out my India fund to buy into another China and India fund. 1 day after my switch, both prices tumbles like sh*t..sigh,,wrong timing! Tot the market was going up but i was wrong! Nevermind lah, i bought somemore china funds coz now is cheap cheap,,,XD

Ok, enough of economics,,dunno why suddenly say all these.

Nice to hear from Christine!~ Im enjoying her long emails and also all the comments that she left it here. Thanks Christine!~ Have a super happy month long winter holidays! <3

My best friend can oni help to make a static website but it is ok coz yosh can make an e-commerce one. now is deciding the package..the yahoo small biz one is monthly payment, so can terminate anytime...dunno hw long vs can go on...XD

Someone wanted to catch LM. C live in March. On their tour site, saw that they are going to Korean and Taiwan in Feb!! Good for them (and the Koreans + Taiwanese)!!~ It's great to know Japanese bands are moving outwards!

Starts raining heavily again, with thunder somemore!!

So long didnt blog,,lazy bee ....Zzzz zzzzzzzzzzzz