America Is Gullible

The world's economy is dying.


The world's biggest economy is in debt. The debt, to the tune of US$10 trillion, is like the iceberg that sank the Titanic. The country is like the doomed liner -- the party still goes on. According to http://www.pagetutor.com/trillion/index.html, "it would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills."


What is scary is that the rest of the world had been looking up to America's business leaders as gurus who will lead the rest of the world out of poverty even while many of them are busy helping to sink their vessel.


But who's to be blamed? Shareholders, a.k.a. citizens. Let's face it. The shareholders handed over power to the CEOs to decide how much the top executives should be paid, including guaranteeing the golden handshakes they would get when they are asked to leave ,whether or not they have helped the company to make money. Nobody vetoed the contracts because they believed the high priests of Wall Street when they paraded their golden bulls.


Too late, the crowd realise that what they thought was solid gold was mainly an illusion of fool's gold and they are howling for blood. They turn to their other group of high priests in the capital to help plug the hole that is in their Titanic, only to discover that the shackles of economic debt have not only been locked around their necks but also their children's.


Yes, A.I.G. does stand for America Is Gullible!