Guan Yin: I don’t enter Hades…

Why does this statement of Guan Yin keeps popping up in my mind? ‘I don’t enter Hades, who enters Hades?’ Then I thought to myself, ‘I don’t enter Heaven, who enters Heaven?’

Guan Yin boddhisatva made a vow that she will not become a buddha if she could not save all the sentient beings from hell. She also said that she would go to hell in the places of others if she had to.

I am no Guan Yin. I rather I go to heaven first than others. I want to be rich first than others. It is like a me first, others last. I don’t believe in living by examples, and I am only interested in my well beings first and foremost.

This is exactly what Matilah has been trying to educate the daft Sinkies. Be rich first, no bleeding heart. No hypocrisy. Look after your self interest first. For the rest, it is their problem. Matilah is going to be angry with me. Heheheh.

Workers want pay rise to fight inflation

Just as I posted that workers were rejecting the pay hike recommended by Lim Chong Yah, today’s ST front page news screams, ‘Give pay rise to fight inflation’. And what is this nonsense about pay rise to fight inflation when we just heard over May Day that pay rise will cause inflation? I think I better shout, May Day, May Day, May Day…

I am getting very confuse. On one hand the good old professor wanted to help the workers by calling for more pay hike but got slapped by workers left and right. Now workers want to have pay rise, and to fight inflation when pay rise is the reason for inflation.

KNN, dunno what to say anymore. Who is right? Or who is talking rubbish?

I think it is time to engage a foreign consultancy to look into this confusion and come up with a good explanation to please everyone. Money is no problem.

Khaw Boon Wan at his brilliant best

While Ignatious Lourdesamy replied to a letter by a Tan Siow Teng, repeating that HDB flats are sold at subsidized prices, which is HDB’s version of the subsidised truth, Boon Wan was holding court to take questions in a public forum on housing matters. And he was simply brilliant in his answers.

To a point raised by the audience that HDB flats have shrunk in size, which is a truth that no one needs to bring a measuring tape to confirm, Boon Wan’s answer was that HDB flat had not shrunk in size in recent years. And of course he was correct. He was referring to flats built now and those built in the 1990s. How to beat such clever answer? It would be even easier if he said that HDB flats had never shrunk in size since he took over.

And he confirmed that the space available to a flat dweller was getting bigger as there were lesser people in a flat due to shrinking family size. This is a way Sinkies can improve the quality of their lives, by ensuring that they keep their family small. Don’t worry about having more babies if one wants more spaces and a better quality of life.

Boon Wan also agreed that the quality of life will be affected if we go the Hongkong way of mickey mouse flats. He said public housing will not go that way. So Singaporeans have two ways to improve the quality of lives, by finding a job that pays more or by reducing family size. Maybe a third way is still possible. Take more weight reducing pills or size reducing pills to avoid growing too big, then the flat will definitely look bigger.

And more flats will be built over the next 5 years, even up to 100,000 units if needed. I hope his computation takes into consideration the 20k or 25k new migrants on the way here every year. If not, then there will be shortage of flats again and his assurance that flat prices will not shoot up again will not hold water. The new immigrants are adults, families and would need housing unlike the babies that will be produced by the locals.

The same Western shit in the media

China is heading for a hard landing. The housing bubble is going to burst, the banks are going bankrupt, the wasteful squandering of money on infrastructure, etc etc will bring China down on its knee. Don’t worry about the mismanagement and recession in the West. The problem in China is much bigger.

And the North Koreans, they are living a very miserable life, abject poverty, the people are starving. What else is new?

Would our reputable and Asian based CNA send some of their objective reporters to the two countries and write some first hand reports on these two countries? Oh, I think the CNA was invited and did send some reporters there. I am sure their feel on the ground would be more credible than those dumb academics that have not set foot in North Korea. Or they are afraid to say anything that differs from the enlightened Western academics, or they don’t believe what they saw. Ya, all propaganda, on see what they are allowed to see.

Just look at their infrastructure, the dressing of the people, the fat on their faces and please don’t print those skin and bone pictures of the 1950s. China also have plenty of those pictures of the 30s or 50s. Singapore also have some real poverty pictures if one cares to find them. One thing for sure, North Korea is no third world country that is barren with streets filled with hungry and sick people. There are not living in abject poverty. Their homes may cost $10,000 but are landed and much bigger than the mickey mouse flats that we called home and paid hundreds of thousands or millions for it.

When will Asian media gain some pride in reporting Asian truths instead of fabricated half truths from the West with western agenda? Every dunce from the West is uttering words like abject poverty, starving etc etc. Do they know what they are saying? Do they really know what the shit is happening in North Korea, or in China?

It is quite sick and insulting to feed readers with such biased thrash practically daily. Is there an agenda or the blind telling the blind?

Help, help, monkeys everywhere!

When you pay peanuts you will get monkeys. Now we must be having monkeys everywhere except the ministers and admin service. These are the two places in public service that are not paid in peanuts. And in the private sector, the workers, hmmm, are they being paid peanuts also?

Monkeys are in every corner of the world. In fact all the state leaders and civil servants across the world are all paid like monkeys. Not many are paid anything decent enough or better than peanuts.

Eeek, there are so many monkeys around.

Wage hike = inflation, salary increment no inflation

The workers are scratching their heads again. Why wage hike will lead to inflation and salary increment will not? Very simple. The answer was given in the ST a few days ago. Singapore’s inflation rate hit a high of 5.2%. But this inflation rate will not affect the workers because hor, it only affects the rich who buy expensive cars and pay high COEs or expensive multi million properties. The inflation is only at the high end. There is no inflation at the low end as workers did not buy these big ticket items, or at least workers are not affected. Heng ah!

But when there is a wage hike, all the workers will be having a spending spree at their favourite food courts or hawker centres, and the prices of food will shoot up, leading to high inflation. Some will spend like a king in Batam, Bintan and JB. Now I am scratching my head also. This logic sounds right or not?

Workers say no to wage hike

While the workers of the world rose in protest over their low wages, the workers here were celebrating their good fortune. All of them looked so happy, and so rich. And they expectedly rejected the shock therapy of Lim Chong Yah that offered them a 50% pay rise in 3 years. Unbelieveable!

I think the workers are reading Lim Chong Yah’s therapy selectively. For one, Lim Chong Yah is no ordinary academic and he is definitely Not mad. How could an eminent economics professor make a recommendation that the workers and the super talents all objected in unison as if it is flawed? How could they counter with the argument that the rising cost of production due to higher wages would make the companies not competitive? It cannot be. The money paid to the workers must come from somewhere to balance it. And this is the part that no one wants to talk about. Where is the money coming from?

What Lim Chong Yah did not say directly is that the fat cows are too fat and can afford not to stuff in more food for the next three years. With their current intake, they could continue to be fat cows. The real objection to Lim Chong Yah’s proposal is likely to be this, that the fat cows want to eat more and more and their current intake is not enough. That is why if raising the worker’s wages did not come with a salary freeze at the top it will spell disaster. And that is right. But Lim Chong Yah did not ask for this disaster. He is asking the fat cows to take a break and stop taking more for a while.

When rejecting Lim Chong Yah, one must look at his full recommendations, not just raising worker’s wages alone. But workers are workers, just lead them and they will follow happily.

Watching Animal Farm

Today the workers celebrated May Day. I also worker, so I rest and watch the movie Animal Farm. But I also stacked up some roast beef, wine and some caviar to go along. It was great watching the movie with so much food around me and nothing to worry about.

Aung San Suu Kyi

I am seeing this gutsy woman everyday and several times today on TV. She is definitely the woman of the decade or the century, the feminine half of Nelson Mandela. I can't resist showing off a painting of her by Mother Nature. Don't expect a photographic representation of Suu Kyi as the canvas used by Mother Nature is nothing but water. The nature of water is ever fluid and changing and any images will be changed completely the next moment. This did not prevent Mother Nature for creating an image of Suu Kyi displaying her as a very strong will lady. In the painting she is all cool and filled with steely determination to stay her course and her fight for the freedom of Myanmar. Mother Nature likes her.

This painting is done using the Art of RAR Technique with Mother Nature as the master painter. This technique is developed by yours truly, a native art form invented by me, a Singaporean. Yes, it is a new Singaporean art form, not recognised by the conventional art community yet. The uniqueness of this technique is that you do not need an object to take a photograph. I have shot the Tree of Life without a tree and Suu Kyi without her presence. I have painted women, historical relics, celestial beasts, abstract faces, fishes etc etc, all from nothing.

In this aspect, it is like a painter painting something from his head, an image or form that he conceived of but not necessary an object. Only a painter can do that but no photographer can, until now. Photographers must have an object to shoot. Shooting an ideal or imaginary image is just not possible in photography until I discovered this technique. The images forming in the water are just like the images inside the head of an artist that no camera can capture. Now in a way I can.

I am claiming this unique photography technique as a Singaporean invention. It is still in its nascent stage of development and all my paintings were captured in environment that I have no control of. If I have the facilities and set up I would be able to make a more conducive environment and condition for Mother Nature to show much more of what she could do.

Today is May Day and the workers rest and celebrate. I rest too, and indulge in this hobby or art form of mine that gives me many satisfying moments. Oh, I even painted Michael Jackson, Bugs Bunny, Red Indian Chief, an Ascetic on a Mule, a girl lying abreast on top of two beasts and a Bali Dancer. These rar arts were the works of the first stage of my experiment with this technique, and all the images were actually created from Koi fish. I blew a whistle and they formed up for me to shoot: ) The pieces were not as refine as the second phase of my work. There were two masters showing me two different concepts on how to get these paintings.

My early paintings are also posted in my Art of RAR Gallery. Would this technique blossom as a truly Singaporean art form?

May Day... May Day... May Day

These two words, repeat three times, were the first most important words my instructor told me when I was a trainee pilot. It is a distress call when one is in the air and the aircraft is having engine trouble, or whatever crisis situation that has developed. I was lucky never to have the need to send out this distress call.

The above image is a very inspirational photopainting of mine. It is called The Tree of Life. Many of you must be familiar with this biblical concept. I am no Christian nor Catholic. I read the bible and is familiar with this concept in Genesis.

I took my pictures using a technique called The Art of RAR. It involves taking pictures of reflection and refraction, decode it and viola, I have a painting. I have many series of paintings from this process.

When this picture appeared to me during my docoding of the photographs, I instantly recognised that it is the Tree of Life. It looked like a tree for sure. Then it could be any tree, a rambutan tree or a durian tree. Why should it be the Tree of Life? A tree is recognised by the fruits it bears.

I needed some convincing and affirmation that this is the real Tree of Life. I have seen many painters and their images of the Tree of Life but this is different. This tree came to me without any premeditation, without any plans, and no fixing. When I shoot my images, my mind is clear of all thoughts and I am prepared for anything that comes out. Every picture is a mystery and a creation of chance. I have series on women, historical relics, abstract faces, coral fish, celestial beasts etc etc, and now this.

If this is the Tree of Life, there must be signs of life in the tree. I put the painting under the microscope for scrutiny, like looking for life forms in the moon. Believe me, there are life forms in the tree. There were several images of human forms in the tree, like the fruits of the tree. And the images were well formed and as clear as daylight. I can't believe my eyes. This is an image I shot of reflection and refraction on the surface of water and nothing else. And the last thing in my mind is the Tree of Life. It was conceived and crafted by mother nature with no human interference.

I have several other shots of similar trees in the series. They look the same as this tree. Some too have similar human images on them, but very few and not as well defined. I can still call them Trees of Life as they are similar in appearance but with lesser or no fruits on them yet.

I am planning to hold a solo exhibition on my Art of RAR paintings in Oct/Dec. The main piece of my rar art will be this Tree of Life. And I am not shouting May Day, May Day, May Day. I should be shouting Hallelujah!

PS, for a clearer view click my link to the Art of RAR Gallery on the right, the picture with the purple face. For those who are fascinated by this painting, try counting the number of human images on the tree. And don't miss out the lady in the centre with a white shawl.

The competition that Sinkies don’t need

Why is there a need to bring in rich foreigners to compete with Sinkies to buy and speculate on properties that are a must help for Sinkies as their basic needs, a roof over their heads?

Why is there a need to bring second rated foreigners to become citizens to buy public housing, to compete with Sinkies and to jack up the prices for poorer Sinkies.

Why is there a need to bring in more foreigners to compete with Sinkies for COEs to drive on the road?

Why is there a need to bring hungry foreigners to compete with Sinkies for jobs and push some Sinkies out of jobs?

Why is there a need to bring in foreigners at middle and top management level to compete with Sinkies and deprive Sinkies of the chances for these jobs?

Why is there a need to pay foreigners to take up university places while children of Sinkies have to pay through their own pockets by going overseas.

Would the country be worst off without these competitions by being more discriminatory and give Singaporeans the first right of refusal instead of forcing them to compete with foreigners often on unequal and unfavourable terms? Why bring in cheap foreigners and dismiss Sinkies as not competitive when the playing field is not level?

Is there a need to screw ourself with this kind of self willing, self invited competition, forcing our Sinkies to lower their expectations and go for less when the national goal is to make life better for Sinkies?

Is this not a self inflicted wound. This is a competition that Sinkies don't need and did not ask for.

The widening reality gap

Everyone is familiar with the widening income gap. A similar gap that is opening up but not frequently discussed is the reality gap or perception gap between the govt and the people. Both parties(maybe I should say 40%) seem to be looking in opposition direction but with the govt having the final say and adamantly expecting the people to accept its version of reality. Period, let’s move on, nothing else to talk about.

Or am I the odd one out that seems to be seeing things, that there is no such reality gap. Surely note if one is to read the comments in the main media and internet. What the govt said is the real thing, and the people agree completely, wholeheartedly. 60% said so. The direction set by the govt for the future of this island is the common goal of the people. There is no disagreement, the people are with the govt and will go along with all the govt’s reasoning and policies.

It’s the wrong formula

Giving worker’s a pay rise is like a nightmare to many, the employers are thinking of folding up, the govt is worried that the tripartite relationship will be affected, and the workers are unhappy of the pay increase coming their way. The problem, I think, is because of Prof Lim Chong Yah’s unsolicited recommendation. Would it make any difference if he was commissioned to come out with a recommendation?

This is perhaps the most controversial and unhappy recommendation coming out from someone who was and still is, I think, part of the establishment. Obviously he forgot what needs to be done to have his recommendation accepted in the first place and be received without any furore. Look at all the govt’s recommendations, from affordable housing, retention of CPF money, higher COEs, higher fees of this and that, the unending pursuit to raise the insurance coverage of the people with more and more premiums to be paid, none of them has received this kind of hesitation and rejection. Every govt recommendation is very well received by the people, with very little criticism and objections.

To me, it is good not to play to the gallery. Find a good formula that is acceptable by the tripartite. There is one proven formula that I think the govt will support for raising the income of workers. And the employers would not have the gumption to criticize or reject its logic and goodness.

Why don’t someone suggest using the same formula for the ministers and apply it to the workers, with the same kind of reasonings albeit a little modifications here and there? There are very few changes needed except for the choice of top earners. Instead of the top income earners of a few top professions, use the income of the top few select workers that is representative of the workforce, and peg it at a certain percentage. Need not be pegged right at the top, say 25% off would look reasonable. And the govt can tell the workers, see, whatever we do, we do the same for the workers, fair, fair. It is like leading by examples. And the employers, being a willing partner, will definitely agree with the govt’s reasons behind the thinking. Not agreeing would be a slap to the govt’s position and that is politically incorrect.

Where are the champions of worker’s interest? How about it? Swee boh?

Thaksin Shinawatra, the Thai hero

He was deposed by a military coup after being elected a second term as the PM of Thailand. He was a self made man, amassed a fortune through his business enterprises. Some accused him of corruption and abuse of power in his business dealings.

How many rich and successful people were not entangled in some form of legal and illegal activities in their quest for wealth? How many achieved fame and fortune through honest business transactions or through unscrupulous means?

But not many can measure up to Thaksin in sharing his fortune with his people, particularly the Thai farmers. His low interest lending schemes helped many farmers to start and grow their businesses and live a better life. His 30 baht health scheme brought medical care to within the reach of the poor of Thailand. A thyroid gland operation cost US$1 is unbeatable.

His sin was his populist policies to help the poor Thai people who adore him as their hero. This was the main cause of his downfall. His govt fought to break down the drug cartel only to be accused of breaching human rights and of course corruption. How many politicians are not corrupt? How many could hold a candle to Thaksin for sharing his wealth with the people, not only in Thailand but across the world?

Many amassed huge fortunes only for themselves, their families and their clansmen. Thaksin gave and still giving his wealth to his people. He could give more if the bulk of his wealth is not confiscated by the govt. For all the wrong accusations, nothing can beat his generosity for making life better for this Thai people.

He was and still is the hero of the poorer Thai people. He could do more if given a chance but denied. The Thai people and Thailand ended poorer for not letting their hero do what he pledged to do for them.  What is the point of amassing fortunes, legally or illegally, scrupulously or unscrupulously, if the wealth is not share to make life better for the general good of the people? The Sinkies are daft, but in this sense, the Thais are dafter, for what they had done, to depose and exile Thaksin.

Bill Gates does not need a pay rise

After the shocking therapy of Prof Lim Chong Yah and the expected knee jerk defensive mechanism and reaction from you know who, the labour chief said today that the high cost of inflation and high cost of living mean that there is a need to raise the income of workers. It is good that he finally came to know of the problem. He also added that the high income gap must be closed.

Now that the dust has settled down, the good sense and propriety of the real pain are sinking in. The retort against raising salary of the lower income group and the need for a closing of the widening income is indeed a problem that cannot be allowed to run away without a leash.

Rhetoric and political expediency aside, some of the elite truly believe that the bread of the rich should be buttered 3 or 4 times over as they are deserving of the buttering because of their supreme talent. On the downside, the losers deserve to be losers and they should count themselves lucky that their bread is even buttered at all. Count the blessing that they still have bread to eat.

Such line of thinking coming from those who have no responsibility over the whole of the population is understandable. The private emterprises and developers would choose to maximise profits at all cost as they are not in the business of charity. But if they come from the political leaders, it is irresponsible and obnoxious. Political leaders is not there to look after self interest, to protect elitist interest but to spread the goodies, ensure a more equal distribution of wealth and social equality to the people, but not to the extent of all men are equal and all should receive one bowl of rice.

Bill Gates does not need another pay rise. He has so much money that he has to give them away. And so is his pal Warren Buffett. There is no need to reach such a position to distance oneself from the accumulation of wealth. No one is frowning against an entrepreneur or a businessman from acquiring his wealth forever. What is objectionable is to spread public wealth through public offices to those who are bursting at the seams with more wealth. A very good but disgusting example was to raise the President’s salary to $4m when the masses did not think it was justifiable, nor the office justifies that kind of pay. But the existing god in power is always right and would have the final say. It is right today but would be very wrong when the next god comes into power.

Distribution of public money must be measured to serve the majority, to benefit more people than a few yodas who have so much and do not have much time or the need to spend them. This sickness is infected across the industries in the private sector when the top few would grab the lion’s share while the rest, minority shareholders and workers were left with crumbs.

And it is this kind of unequal and unjust system of wealth distribution that is causing the runaway inflation. No amount of small increases at the bottom can catch up with this kind of distortion in the system. In a pure capitalist and elitist system this is cause for celebration, and eventually cause for destruction. Is this what we want, a system where a few elite could buy tens of private properties and tens of luxury cars and with plenty to buy more while living on public money or feeding on the minority shareholders’ money?

And once in a while, when it is politically opportune, to cry for the poor workers, to shout, pay rise for the workers? May Day is around the corner.  

Prof Lim Chong Yah is absolutely right. He must have seen the greed and the amassing of unjustifiable and unnecessary wealth by a few at the expense of the greater good. What is so painful for a few years without pay even if one is not Bill Gates or Warren Buffett when one can live a few life times without having the need to earn a single cent?

When the boss gets a wage freeze…

Fear is spreading like wild fire among the SMEs that the recommendation of Lim Chong Yah is going to raise the cost of doing business here. The 3 year 50% wage adjustment will be very costly. Sure. But can this be offset by the 3 year wage freeze of the top management? Lim Chong Yah’s proposal is like Robin Hood, robbing the rich to pay the poor. Not pay the poor and pay the rich more.

How much does the top management get for their pay rise, visible and invisible, ie cash, perks, bonuses, share options etc etc? Assuming a CEO gets $500k in pay hike, plus an unspeakable sum of shares which could be another few hundred thousand, or say $200k, these would give a total pay increase of $700k. This amount can easily be translated into a pay hike of $1000 pa for 700 workers without adding more cost to the company. And if one is to add the top 20 or so management’s pay hike, the total could easily be a million or two, which means more employees could benefit from this transferring of wealth.

I know that the numbers are very simplistic, but still reasonable and real. What is so wrong about it? It is wrong only when the increase at the lower half is not accompanied by freeze at the top. Sure, they will be very unhappy and want to quit and look for more well paying jobs with more increments.

The company can take the opportunity to cut cost at the top and bring in fresh blood that is younger and more energetic to fill the empty seats. Can or not?

No one wants to talk about it

We cannot let higher income Sinkies to buy HDB flats. It will add to the demand and deprive lower income Sinkies from the chance of getting one, or they compete with the lower income and lowering their chances for a public flat. It sounds so clever, so logical. How many higher income Sinkies would want to buy a HDB if they could afford the million dollar private properties? No, they must be kept out to protect the lower income Sinkies. No they must be made to spend all their savings on that private property. Prudent, spending within their means and make them spend everything?

And every year they add on something like 20,000 new Sinkies, give them a pink IC and called them citizens. The truth is that they are foreigners who were added into the housing queue and it is okay. While the Sinkie singles and other Sinkies who need a flat would have to give way as the queue is getting longer, bigger demand, because of the so called new Sinkies. And no one want to mention this.

Did they add up to our housing problems? At 4 per family, each year the demand for public housing is 5,000 and over 10 years it is 50,000 units which could have gone to Sinkies. But no. These new Sinkies have priorities over original Sinkies, and original Sinkies can be cut off from the queue for all the good reasons.

The Sinkies are so blessed to have such a caring and considerate govt to think of their housing needs. And want them to live a better quality of life by spending all their money on private properties.

Which country is threatening freedom of navigation?

The US has been telling the world that China is threatening freedom of navigation in the South China Sea. Where is the evidence? Is China preventing any country from using the sea lanes, or is China arresting the fishing boats and fishermen in the South China Sea? Only countries that go around using their naval warships to harass and arrest ships and fishing boats are the ones that threaten freedom of navigations.

The Philippines have been doing it all the time, arresting Chinese fishing boats and fishermen. The latest incident which some called it a stand off, the Philippines were again at it, trying to bully Chinese fishermen with their biggest piece of floating antique. My apologies, they called it their biggest warship. The Chinese had to send in their civilian surveillance ships to stop them from doing it. Was it a stand off? Far from it. It was like an old hag waving his fist at some grown up men and thinking he would frighten them off. It was a mismatch in all counts.

The main point is that the real countries that are threatening freedom of navigation and raising tension in the South China Sea are the little pesky countries and their master pulling the strings from behind. Freedom of navigation in the region has never been an issue until the little pests start to throw their weights around, arresting Chinese fishermen. And they have to be kicked in the butt to stop them from being a nuisance to everyone in the region. These are the real trouble makers. And there is the international gangster from afar plonking his warships here in the name of peace but instigating war.

When angels speak…

The angels are up in arms to protect the oldies. They are all claiming that health insurance for the oldies is not enough. The cost of healthcare for the oldies is just too high and the payout of Eldershield, another automatic compulsory scheme that I just heard of, unless one opted out at 40 from his Medishield, is paying only half of what is needed. And the insurance man roared in approval. Yes, yes, not enough. The govt must do more and provide the direction…for more insurance?

First thing, why is healthcare so expensive? Why is the cost not coming down especially for the oldiers? If the cost is not coming down, who can afford to pay an insurance premium that is running along with higher medical cost, like two devils waltzing happily to the tune of The Last Waltz?

The second point is that many simply cannot afford to pay and pay. With so many big ticket items, high cost of living and expenses, high protection money locked up in CPF, where got money to pay for more insurance and more premiums? And oldies got no income you know.

The third point, please lah, many oldies’ lives are already so miserable that there is no need to prolong their agony and suffering on earth. Many would long to die and go to heaven. What more health care and more money to perpetuate their misery?

What is the real problem? What should be done? It is not a money problem. It is only a money problem for those who sees money to be made and the poor buggers, all with pockets already empty, are being targeted to pay more when there is heaven waiting. Why stop these oldies from going home to be with the Lord?

The expensive insurance schemes to take care of oldies till they are one hundred years old should be personal, individualized and never be compulsory or across the board. For those who are living a life of heaven on earth, go and ask them to pay more for their precious life. Leave those who cannot afford it to live in peace and return to the Lord soonest. Don’t rob them again when they are all dying and waiting to go home.

When angels are out to help, be frighten, be very frighten.

Crying for leadership

The state and health of the international financial system is so deplorable. Expecting the US to throw out a leader to challenge the scoundrels of Wall Street is like asking for heaven. With Congress being in the pockets of the white collar crooks, there is no possibility of any one of substance to break through the layers of bureaucratic corruption to do what is right and save the financial system. Corruption and mismanagement in the system have been institutionalized and legalized, and copied by many western countries. Period.

While nothing can be done to stop the rot in Wall Street, what other countries could hope for is to stop the rot at their doorstep, to keep the rot out of their national system. The Chinese are defending their infant financial system and are threading very carefully to avoid the pitfalls. But the sexiness and attraction of instant wealth for some are too tempting to resist. When there are so much to gain personally, people become blind to the flaws and the consequences to the country and other people. And if the Americans and the Europeans are doing it, it cannot be too wrong. Or at least they can point the finger to the Americans to justify their crimes. They are putting on the same blinkers not to see the rot. The Chinese are veering towards a tipping point to embrace the failed American financial system of computer and algo trading plus all the derivatives and toxic notes and currency manipulation.

Hongkong is equally cautious. There are brighter people there who could smell a rat and are resisting from falling into the abyss. They are not easily conned by a few westerners who came claiming to know it all and were able to show the way…to oblivion.

At a time like this, when everyone is selling snake oil as the panacea to immortality, it needs a very strong leader with the wisdom to know what is going on to say no. Is there no one out there who is thinking and can see the flaws in the whole financial system? The thinkers, the financial experts, must seriously look at the system and, if things are not right, to say so. Many are so bogged down with their own preoccupation and the money grabbing past time that no one has the time to take the pulse or to diagnose the sickness. There is an urgent need for someone to do this. Someone must have the conviction, and the power to go with, to say the system stinks and needs to be stopped and revamped.

Where is the leadership, the man to call a spade a spade, and want to change and save the system from sliding to self destruct? For the moment the jokers are having a great time, like Nero, fiddling on the roof while Rome burned. There is no one brave enough, knowledgeable enough, to challenge the snake oil salesmen?

High population is good. High property prices are good. High car prices are good. The stock market is in the pink of health. Just believe.