SPDR S&P 500 (SPY)

[learningboutinv]

Geez... My brother is in China right now, north of Beijing studying to be more proficient/fluent in Mandarin. He said the situation is pretty pitiful right now. But, amazingly with so many middle class folks in China they are donating money on an unprecedented level. Even the poor Chinese folks are too. I don't know if this is true but he said that most Chinese people even if they are poor as dirt farmers save on average 30-40% of their yearly income. Kinda shocking considering the majority of the U.S. population spends all their income and then some. Anyhow, I don't expect many Americans to give since everyone here is slammed by inflationary prices, food, natural gas, and gasoline. I was thinking about donating but am leary of the Red Cross. Didn't they get over billions of dollars in donation during 911 and not one 911 victim got a dime? One last note, my brother also said that 100yuan can go a long way especially in the poorer area where the Earthquake strucked. 100yuan is about $14 and that is the average monthly wage in that area.