My tusheez

This blog was started once upon a time when a young girl at school didnt know better but thought otherwise. So the way earlier entries can be crass and words inappropriate so please don't judge. As now the person has evolved into someone older and wiser (hopefully) ..:.... But some of the entries were classic and hilarious so I don't have the heart to delete them :@ Well we were all young (read:wild) once, right?

Saturday, January 29, 2005

Wealth Management

Seminar was awfully early. food was crap. But the talk was utterly interesting.
It was on wealth management, stock market and strategies.
I gained a whooping of interesting insights:

1. Real monetary values are in counts of 24carat gold. US has 53% of its money in gold. Singapore 1.7%, China 1.3%. The rest are probably in some forms of US buckarooos.

2.The Global market is valued at US$33Trillion. US has US$17T. Lion share no doubt.
Wanna guess Singapore's share? US$23Billion. So now I know USA is quite untopplable.
Thinking that huge US's outsourcing to China, China's boom, terrorist attacks, etc. would weaken USA>..heh.. perhaps just scratch their back a little bit.

3.WHy is everything counted in US? It's still the most prominent currency in the world. Well, since they have 1/2 the share of global market, obviously, they have the biggest control of the market flow.

THis also entails US being the world's biggest consumer with a deficit growth of US$1mil/min.
That means by the minute, US is buying US$1mil more than it's selling.
SO, how did they do it??
Developing countries in Asia, Africa and also China, Korea, Japan,etc need money to manufacture goods, develop their plants, businesses, factories, etc etc.
US sells them treasury bills.
In return, US will be their biggest consumer. Win-win strategy.


Oh well.. any rich farts out there haven a clue wattodo with their mullah?
Talk to me OK? I am a financial adviser now. *a serious tone..*



1 Comments:

At 11:47 AM, Anonymous Anonymous gently snorted that...

Interesting take on the US economy, but watch the next couple of months to prove the speaker wrong!

Andy-man ondstreet

 

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