lonie

NY Investment Bank Salaries = Vietnam's GDP

Mr. Jackson:

I don't begrudge people making money and i have made my fair share thru the stock market and could perhaps made more if outlandish salaries weren't out of line. This is not exactly my point.

Due to the greed of a small percentage of world population , Globalization, Politics ,and other factors,inflation has left at least half the world population in an economic shambles.

Example: Farmer in Yunnan province China in 1998 was averaging 2300 Yuan income a year.In 2006 he made 2800 Yuan,an 18 % increase. Inflation has doubled and for many things such as electricity three times,rice three times.

About 500 million are in this fix and i have been told that they were much better off 20 + years ago.

China says there is 5 % unempoyment but that only counts the people that formerly worked for state owned enterprises or government. There is about 150 million wandering the country looking for work that they call ( excess labor ) , and if they find work there is a good chance they will be cheated out of their meager pay. My wife tells me you can get common labor just for food.

Many times i have seen a donkey cart and a Mercedes s-600 sitting side by side at a traffic light.I know what the rich guy thinks,he don't give a crap. I immagiane what the donkey cart driver thinks,perhaps this; a 1,200,000 Yuan car,i make 2800 a year and can barely survive.Why,i couldn't even buy a wheel for it with my 2800 Yuan.

What you hear in the news and from government is not necessarily what is really happening .

I have lived in China since 1998 and am married to a Chinese and what i get told by the averege and what is in news is generally far apart.

Mr.Faber's point is well taken by me and should be a concern of all the well off in world,for it will be the well off that go down the hardest when the poor finally pick up their " shovels and clubs ",which is already happening in China,most just don't hear it.

The ones Mao's china was supposed to help are the ones being screwed and it is happening all over the world.

Dempse Ross 1/14/07