Wednesday, October 15, 2008

Vanished Money

Finance news says so many billions has vanished as the market drops worldwide.

Hmm, just where did the money go? Did the money exist in the first place?

There are people in Hong Kong who were mislead into buying some strange "investment product" and LOST life savings as Lehman Brothers go bankrupt. The big print says "low risk! high interest!". The fine print however says "high risk." They demand government help and the government says "well we can't use tax money to reimburse your investment loss". The bank crooks point to the fine print and says sorry you lost, this is high risk. These poor folks only hope is to use lawsuit to try to get their $ back if they can find a lawyer to crack through their disclaimer.

Even if your $ depreciates over time, it won't VANISH completely. It is best idea to hold some cash. Don't put ALL your lifetime saving into anything.

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