Foreign exchange reserves are not sovereign wealth

Accumulation of foreign reserves is not the outcome of national wealth.
Mandatory foreign exchange settlement and the formation of foreign exchange reserves, in essence, is the country's international credit collateral.

If, the state with a budget surplus to establish a sovereign wealth fund, that is the real sovereign wealth funds. Misappropriation of the International Credit sovereign wealth funds as collateral, it is very crazy and very dangerous act.

Economics is based on the philosophy; it must be based on sound and clear concept of economics and logic.

Why should Koreans set December 13, 1997 as National Humiliation Day? Because, when the collapse of the Korean national international credit, Koreans must transfer part of the economic sovereignty and the sovereignty of almost all the currency in order to avoid national bankruptcy. In the Korean view, this is the same day associated with the shame of national subjugation.

Credit does not equal to Wealth. Of course, investment bankers will tell you to follow the profit. My question is have they taken care of the risks for you in so-called surplus countries?

Credit is not wealth, G.D.P is not wealth. They cannot last as long as wealth, bear that in mind when you invest into these portfolios!

洪宜卉 王世均 可以准备离婚 分居啦

如题，两位离婚后告诉我一声，我要喝喜酒。

Death of North Korea in 2011 Kim Jong-il

It is our utmost sadness to announce the bitter end to the struggle of North Korea Comrades in 2011. My feelings for our dear leader Kim Jong-il and his sons, piglets.

Scottish National Party will win Big because of luck

Scottish National Party will win Big because of Alexander Salmond the leader of SNP is very lucky these few yrs except 2012.

But this is not going to be good for UK. UK need to get out of EU smartly to avoid nationalism rising in UK.

Election in asia may prompt groundbreaking result like Japan and Canada

Many of you may not notice but this is election yr all round the globe.
Asian Economies which are flooded by QE^N, where N = 1,2,3 ...
So the results may not be usual result....

Renren IPO is a total joke stupid american pigs

Recently, there is an IPO in the US market about so-called Chinese facebook Renren.
Well, I am living in China. The Chinese may need to cross the Great firewall to talk to you US pigs (muslims are even more pigs xinjiang separatist pigs), but we HAD NEVER HEARD about Renren, guess what NONE of my friends are using it.

So... Americans prepare to lose some bucks!!!! Haha fat British Gravy Eating pigs. Hahaha, low form of intelligent life

Commodities Gold Silver cannot increase value forever

Hi Guys,
Some facts:
Commodities Gold Silver cannot increase value forever
Emerging markets are heading for a huge crash in 2011, 2012 or 2013 (most likely 2012).
Trees are not meant to reach the sky
Pls guys be realistic.
US will recover but only after the big Crash
EU eastern european pigs should get out of the world, governments are stupid and crazy to support them!!
Surplus countries : China German watch out!!!!!!