Man is so greedy....

Our banking system is going to fail....totally. Today in the news paper the main headline:
"Global anxiety rises as China growth falls". Only man would look at growth as a parameter that can fall. Due to this outlook people panic. We keep looking for more growth and economies that continue to grow. Isn't that a pipe dream? How is it reasonable to expect that economies will just grow and grow. Eventually we are going to reach a point where there is a maturation of certain markets.

Here in Korea the smart phone market is no different. They make big bucks trying to attract people to give up perfectly working older models, for newer devices that are really only about 10% better than the previous model. Many smart phones slow down over time due to people placing numerous apps that eat up resources. I am very proud of Yogita. She is still using her iphone 4. She makes calls over wifi, or the hotspot from my phone, saving the cost of a second phone. She even uses a few apps that she enjoys on it.

We have a banking system based on credit. In others words it is based on how much the system THINKS you can pay back, or how much debt the system thinks you can handle.

This is going to fail, already in Korea there are reports of rising household debt. Credit card use is at an all time high.

I saw the same thing happening in India, people who normally are very good with money getting sucked into the buy stuff you don't need nonsense. America is suffering from this in a very bad way.

There is one plus side for a guy like me....I will buy your old stuff. Cause guess what? 2 used gtx 500, or even 700 series graphics in SLI mode means that while you have that brand spanking new card, my performance is right up there with yours.

That car you sold at a loss, I can pick it up and save money and enjoy it all the more!

So while less money might be made in China this year....money is still being made!

Oh yeah we got the rest of the day off yesterday...we took rest, and watched izombie.
It is basically a police drama, with a chick who is a zombie......meh, Yogi loves it so I will watch it with her....but...really? It's meh in my book.

/tata