> Jumping off bridges, buildings ....
>
> Or downing bags of potent pesticides, China's small investor
> class are increasingly seeking myriad macabre ways to put an
> ultimate end to their financial miseries. Together they owed
> and lost a gimormous amount of money. Without the bankruptcy
> laws to wipe out their debts, and give them a new beginning,
> their future is one deep, dark tunnel.
>
> The source of their financial woes: China's stock exchanges.
>
> Early last year, within six short months, the Shanghai index
> jumped from 3,000 to 6,000. Chinese citizens were totally be
> -dazzled by jingling tales of easy money and completely mes-
> merized by Gatsbian stories of rags to riches. Their humdrum
> existence, fanned by yearnings for a brighter future ignited
> their imaginations. In the quintessentially capitalistic way
> of the west, they saw a clear path to fulfilling their dream
> of getting rich, fast. Certainly, there were talks of risks.
> But did the government not keep saying that China would sur-
> pass the world's advanced economies, including the USA?
>
> Many bought shares - at their peak, thinking that they would
> go much higher. Many were rewarded. Then, suddenly and with-
> out warning, China's stock exchanges started to plunge. They
> were worried but managed to convince themselves that, surely
> the government would step in to help them, in due time. This
> country, they argued, practiced socialism with Chinese char-
> acteristics, not heartless capitalism of the west. Wrote one
> investor in an investment website, "Don't worry, the govern-
> ment will step in later, just keep buying. I heard that even
> the heartless US government is lovering their interest rates
> to sup****t the market. Our country practices socialism, with
> Chinese characteristics."
>
> They waited, and waited, too dazed and horrified to pull the
> trigger and take their money out. In the meantime, the stock
> markets nose dived. Then, they could bear it no more and one
> after another, China's small investors embarked on different
> means to end their miseries - once and for all. Watching the
> the unfolding sad drama, was the Chinese government.
>
> Anxiously, but steadfastly on the sideline ....
pg:
> Let them die. Let them die.
>
> China doesn't need brainless greedy assholes.
>
> Let them die !!!
The primordial greed and fear ....
Are the powerful forces that fuel capitalism, is it not? The
CCP came to power on a platform of egalitarianism but failed
miserably. With only fear of sanction and no room for greed,
the economy faltered. The prospect of his ginormous country
with selfless, altruistic m*****, sent chills down the spine
of the gentleman from Sichuan. So, he ordered his colleagues
to chill out, and, get out of the way so that some could get
rich first. Hence the edict: "Getting rich is glorious"
No if's, but's or IQ and body-part qualifiers .... :)
Regards,
Albert K. Fung
Casa Tres Palmas, Santa Ynez, California, USA.
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