On Mon, Mar 2, 2009 at 5:16 PM, Mervyn Lobo <mervynal...@yahoo.ca> wrote: > The suffering of this recession has only just started. > The people in pain now are: > a) Those who have already lost their jobs (in the US, this number increases > by 700,000 people per month). > and > b) The retired, who were depending on monthly dividends for their living > expenses.
Comment: Wow really! What great insight. What fantastic closely guarded information now revealed by Mervyn. Aren't we all fortunate on Goanet to have access to this. > People all over the world are going to be losing their jobs. It is going to > be especially painful to those > who are linked to supplying the US with goods and services. Comment: Another great piece of inside information from the Goanet pundit. Only person I know who takes current facts and passes them off as predictions. > As far as the dollar is concerned, there is the possibility that the US > dollar and US treasuries will collapse > in the near future. The US is at the epicentre of the financial crises. It > goes against logic that the > US dollar is still the strongest currency in the world. The strongest > currency should be the one > of the country with the most savings. Comment: Thank God he said "possibility". Must be the strong stuff wearing off. Or maybe he is getting chary of his own statements. What logic is he talking about? Would someone please do the man a favor and tell him that if the US financial system crashes, so does the rest of the world. "The strongest currency in the world should be the one with the most savings". Now this is a biggie. Especially since the country with the most savings per capita is Haiti (Reference: The genuine saving rate on Chinese mainland was 25.5 percent and 21.4 percent in Hong Kong. In this item, China is only next to the first place Haiti, while the figure in United States is only 8.2 percent.) Someone should recommend Letterman invite Mervyn for his Late Night Show. With the Democratic Party mascot by his side. -- Roland Francis http://roland-torontogoan.blogspot.com +1 (416) 453.3371