What do you do with absurdity?

Some people complain about absurdity, some laugh.  The wise profit.  ~ Dr OIC

Now that the Feb has done what I have been predicting for 2 years (i.e. QE2), what is next?



I predict: QE3.

Mark my word.  Whether it is called QE3 or not, it is coming.

Why?

The current deficits, both trade and fiscal, in the USA is huge and accelerating.

There are only 3 ways to deal with it.

1.  Raise tax - which is not likely.  As predicted in my workshops, in a democratic society where politicians are elected, any idea to raise tax is a wishful thinking.  Take a look at the world in the past 12 months, both the UK, Australia and Japan have new Prime Ministers (in those countries, a PM can be voted out anytime in contrast to the USA where the president, no matter how unpopular he is, has 4 years to finish).  President Omaba just experienced a major setback in the mid-term election of the USA.

2.  Cut spending - just like option 1, it is both politically unpopular and economic suicidal.  Look at Greece and France, all they see is more riots and strikes, damaging their fragile economies more than saving costs.

3.  Default (i.e. print more money) - as long as they have the right to print.  Unlike PIIGs, the US dollar is still a reserve currency that the world accepts.  Therefore, this is what they just did (in fact, they do not even need to print, nowadays it is electronic - good for saving paper and thus trees).

Option 3 is not a cure for deficits, only to worsen it with interest payments.  Even the most financially retarded knows that you cannot pay a credit card with more borrowing from another credit cards.

Of course, in God we trust, that someone has printed money will print it again.

So what do you do?

You can choose to complain, laugh, or take actions to profit.

What can you do?

Come to my workshop is a good first step.

Just in case you are thinking of me writing such a long blog to sell you a ticket to my workshop, I am now truly laughing.  I can profit far more from riding on someone's absurdity. 

Our world has too many complainers.

My mission is to shift people up from victims and survivors to wealthy people who have the resources to make a difference to the world.

Until next time, live your bottom line!

P.S.  Remember to leave a comment to let me know what you think of ... anything I wrote or wrote about here.  

Dr OIC Allan Cheung - TBL Legend inside