No money for GM or Citi

Give them anything: cold water, a beating, unpaid holiday in Siberia but no cash. They will pay each other more retainers, boni and retirement funds; and go home at 5.30.

Help the people who really got in trouble, pay workers, scrap or reduce VAT for December, pay health services, cut farm subsidies, allow more qualified immigration, invest in small companies, anything, but do not let the fat cats sleep one minute longer. Wake them up. It is market judgment day.

The Citibank sold my grandma a real estate fund as safe investment for her age. Now they froze the fund and ask her for new money.

Simple truth is they didn’t do their job. Out of greed and/or stupidity they ignored a basic universal law: Risk and profit are partners.

Let them suffer!


Don’t buy all that stuff!

Many people suffer three problems: 

1. They have to work very hard to earn money.

2. Then they have to endure ignorant (cheap) or arrogant (expensive) sales people to drag stuff home and decipher maddening manuals.

3. Finally they get a headache from all the broken or unfashionable belongings in their garage and backyard.

That makes live hard work only: A garage full of old handbags, shoes, toasters and TVs, cupboards, tools and toys, tea sets, pans and pots, jackets and pants.

Mark that no good gem or jewelry will ever end there!

Don’t buy all that stuff.

It is only trouble.