Tuesday, May 4, 2010

Sell off or Sell out?

Just one of the worst sell-off days in most Stock Markets worldwide.We will never get our problems right whilst politicians have not the will to tackle the problems and resort to all tipes of gimmicks to promote their own agendas to get themselves re-elected.Australia is a good exmple at the moment ,where the labour government has proposed a 40% surcharge on miners  profits.,right before the election .It is not likely to pass through the upper house of parlement,but has done irrepalible harm as now investors are been chased away.Supposedly the prime minister has suddenly discovered the minerals belong to the "people". How ever what he does not tell his electorate is how their government will probably fritter away any money so raised.America ,Europe ,South Africa are all fed the great democracy story.Now don't get me wrong ,I fought long and hard for democracy myself. Perhaps we should start to fight for Democracy with Responsibility instead,in future. IMPORTANT;
SEE MY BLOG  ON THE WORLD TUBULENCE ON THE 27 APRIL 2010 go to http://www.sashares2010.blogspot.com

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