5/03/2018
Asians assisting the West to recolonise Asia
This topic could also be titled, Asian news to be reported by Asians. More than half a century has gone past and Asia is still unable to shake off the colonial yoke. Many Asian countries are still colonised by the West, some unknowingly, some happily. This phase of post colonial Asia is the colonisation of the minds, the thinking, the mindset, by the use of main media. The main media is the biggest culprit, the biggest instrument in the colonisation of the Asian minds to be continually subservient to the angmohs. Angmohs are great, smart, clever, sophisticated, kind, handsome, civilised and knows all, have great ideas and enjoy life, make living better. The Asians are daft, unthinking, cannot thinking, inferior, crude and base, completely devoid of ideas, did not know how to live life, basically backward and stupid, despite all the best education they could get in the best western universities.
This is not just a white lie, it is a lie that daft Asians conditioned themselves to believe in and to live in, with the help of the main media, with stories written and reported by the angmohs about them. Many Asian main media cannot live without the angmohs and some half baked Asians thinking like angmohs to tell them what is right, what is wrong, what is good, what is bad, what to think and what not to think, what to say and what not to say.
All Asian media have failed in this task, miserably, except for those countries that have some pride in themselves, in believing that they are not inferior to the angmohs.
It is high time that Asians start a news agency that reports news the Asian ways, news that are written and read by Asians, particularly of their respective countries. It is an insult to the respective people of their countries to have their own news, domestic news, written and told by the angmohs or fake angmohs. When would the Asians start to respect themselves to have their own people tell their own stories and not to be seen and told from the perspective and tainted views of angmohs whose interests are contrary to their well being?
There are many able Asians, politically conscious of what is going on around Asia, to take up this call, to set up an Asian media, with Asians managing and writing and telling Asian news. People like Jack Ma, Li Ka Shing, Robert Kuok or Ho Kwon Ping, just to mention a few, should step forward, individually or as a team, to form such a news agency, to educate and enlighten the daft Asians that they are not that daft, to have pride in being Asians and to think Asians. They could cooperate with the respective govts of Asian countries to have their respective news makers and producers, to tell the world about themselves, in their own words, and free their people from being colonised by the angmohs for the last time.
Asia is for Asians. Asians must take charge of their own lives and do, think, talk about what is good for themselves, not what the angmohs are saying and thinking for them. Asia must grow up, be adults, not forever be like children or adolescents, forever needing to be told and led by the angmohs. Asians must free themselves from being colonised by the angmohs and chart their own destinies, to be themselves and be proud of themselves, for their own good.
The last thing the literate Asians should do is to assist the angmohs to continue to colonise the minds of fellow Asians. You don't need the angmohs to tell you to hire them to teach in your universities to deserve higher rankings. You don't need the angmohs to tell you that you are well and good, to tell you who is the devil and who are the good guys. You have a mind to think for yourself.
You are Asians, not angmoh slaves and servants.
This is not just a white lie, it is a lie that daft Asians conditioned themselves to believe in and to live in, with the help of the main media, with stories written and reported by the angmohs about them. Many Asian main media cannot live without the angmohs and some half baked Asians thinking like angmohs to tell them what is right, what is wrong, what is good, what is bad, what to think and what not to think, what to say and what not to say.
All Asian media have failed in this task, miserably, except for those countries that have some pride in themselves, in believing that they are not inferior to the angmohs.
It is high time that Asians start a news agency that reports news the Asian ways, news that are written and read by Asians, particularly of their respective countries. It is an insult to the respective people of their countries to have their own news, domestic news, written and told by the angmohs or fake angmohs. When would the Asians start to respect themselves to have their own people tell their own stories and not to be seen and told from the perspective and tainted views of angmohs whose interests are contrary to their well being?
There are many able Asians, politically conscious of what is going on around Asia, to take up this call, to set up an Asian media, with Asians managing and writing and telling Asian news. People like Jack Ma, Li Ka Shing, Robert Kuok or Ho Kwon Ping, just to mention a few, should step forward, individually or as a team, to form such a news agency, to educate and enlighten the daft Asians that they are not that daft, to have pride in being Asians and to think Asians. They could cooperate with the respective govts of Asian countries to have their respective news makers and producers, to tell the world about themselves, in their own words, and free their people from being colonised by the angmohs for the last time.
Asia is for Asians. Asians must take charge of their own lives and do, think, talk about what is good for themselves, not what the angmohs are saying and thinking for them. Asia must grow up, be adults, not forever be like children or adolescents, forever needing to be told and led by the angmohs. Asians must free themselves from being colonised by the angmohs and chart their own destinies, to be themselves and be proud of themselves, for their own good.
The last thing the literate Asians should do is to assist the angmohs to continue to colonise the minds of fellow Asians. You don't need the angmohs to tell you to hire them to teach in your universities to deserve higher rankings. You don't need the angmohs to tell you that you are well and good, to tell you who is the devil and who are the good guys. You have a mind to think for yourself.
You are Asians, not angmoh slaves and servants.
5/02/2018
Firm's Objectives - Profit vs Non-Profit
Part 4: Firm's Objectives - Profit vs Non-Profit
Fundamentally, the management structure in Warren Buffett's Berkshire Hathaway is arguably the best incentive-driven to yield maximum returns, that is, investment-wise it is stable in the setup in relation to motivation and incentive to perform.
Warren Buffett and his right hand man bullionaire Charlie Munger are quintessentially significant sharehokders in their investment holding company and the classical economic theory of profit maximisation for firms fits in nicely.
But when there is significant "gap" in ownership-management relationship aka known in economics as principal-agent relationship, then economics theory has long acknowledged that the classical profit-maximisation theory would not hold but alternative goals of firms take precedence. It is especially so when executives KPI and incentives are "not non-perversely structured".
In such firms, not only is the classical economic condition (MR=MC) of profit-maximisation violated, some other objectives such as "SATISFICING" are deep-seated in their management corporate culture.
The performance-incentive relationship in such firms is essentially "not stable" and "distorted". One theoretical analogy can be in what is known as the Nash Equilibirum which is the cornerstone of Game Theory widely taught in or part of economic courses. Paramount to this concept is that the dominant strategy of both or all parties ends up in a Nash Equilibrium and no party has the incentive to deviate from it as it yields the best outcome for all. In short, it is a self-sustaining stable relationship.
But what if such a Nash Equilibrium is terms of the company structure is not forged and thus one party has the incentive to deviate from agreed goals such as profitability? One example is what happened in the risk-taking by executives in some financial firms leading to the last GFC in 2008. In their investment venture (or "adventure"), it was almost unmistakably "heads they win, tails they walk away" (often with a golden hand-shake). In a way, such "skewed-" incentives driven deep-seated culture is "perverse".
Arguably, the shareholdership-management structure in Warren Buffett's Berkshire Hathaway is far more superior and stable and creates almost always a win-win scenario for both management and shareholders.
Sadly, from the financial carnages witnessed in the last GFC, the corporate governance in terms of incentives structure in many firms are found wanting and the executives' incentives are often "perversed" than not.
Leo81
Fundamentally, the management structure in Warren Buffett's Berkshire Hathaway is arguably the best incentive-driven to yield maximum returns, that is, investment-wise it is stable in the setup in relation to motivation and incentive to perform.
Warren Buffett and his right hand man bullionaire Charlie Munger are quintessentially significant sharehokders in their investment holding company and the classical economic theory of profit maximisation for firms fits in nicely.
But when there is significant "gap" in ownership-management relationship aka known in economics as principal-agent relationship, then economics theory has long acknowledged that the classical profit-maximisation theory would not hold but alternative goals of firms take precedence. It is especially so when executives KPI and incentives are "not non-perversely structured".
In such firms, not only is the classical economic condition (MR=MC) of profit-maximisation violated, some other objectives such as "SATISFICING" are deep-seated in their management corporate culture.
The performance-incentive relationship in such firms is essentially "not stable" and "distorted". One theoretical analogy can be in what is known as the Nash Equilibirum which is the cornerstone of Game Theory widely taught in or part of economic courses. Paramount to this concept is that the dominant strategy of both or all parties ends up in a Nash Equilibrium and no party has the incentive to deviate from it as it yields the best outcome for all. In short, it is a self-sustaining stable relationship.
But what if such a Nash Equilibrium is terms of the company structure is not forged and thus one party has the incentive to deviate from agreed goals such as profitability? One example is what happened in the risk-taking by executives in some financial firms leading to the last GFC in 2008. In their investment venture (or "adventure"), it was almost unmistakably "heads they win, tails they walk away" (often with a golden hand-shake). In a way, such "skewed-" incentives driven deep-seated culture is "perverse".
Arguably, the shareholdership-management structure in Warren Buffett's Berkshire Hathaway is far more superior and stable and creates almost always a win-win scenario for both management and shareholders.
Sadly, from the financial carnages witnessed in the last GFC, the corporate governance in terms of incentives structure in many firms are found wanting and the executives' incentives are often "perversed" than not.
Leo81
Kim Trump Summit - Who is the rogue?
"The United States has never been closer to
potentially having something happen with respect to the Korean
peninsula, that can get rid of the nuclear weapons,"
Read more at https://www.channelnewsasia.com/news/asia/trump-says-singapore-among-possible-sites-for-us-north-korea-10189826
Read more at https://www.channelnewsasia.com/news/asia/trump-says-singapore-among-possible-sites-for-us-north-korea-10189826
Read the above very carefully. Do you understand what it means? The impression given is that the world will be free of nuclear weapons. That is the fake news that Trump and the West have been blowing daily. When North Korea gives up its nuclear weapons, the world will be rid of nuclear weapons. Really?
This is the kind of American and western propaganda that is being peddled daily for world consumption. And the stupid read this as the truth. And the Americans are not going to continue to possess the biggest nuclear arsenal in the world, they are going to make them more deadly, more destructive. When all the enemies of the Americans and the West give up their weapons, and the Americans and the West continue to possess them and increase their arsenal, the world is free from nuclear weapons.
The Kim Trump Summit is all about denuclearisation of North Korea, not of the American's deadly arsenal. This is Trump's main objective, no denuclearisation of North Korea, no talk. The more hideous objective is to bait Kim to travel out of North Korea.
The next agenda is choosing a meeting place. Where is a safe place for the two leaders to meet? Should the meeting be held in a country belong to the 'free' world or in a communist country? Which do you think is a safer place, a 'free' world country or a communist country? See the irony?
Trump or any western leaders can visit any communist country, even North Korea, and can feel very safe from being assassinated. Kim Jong Un cannot visit any 'free' world country without being threatened by an assassination bullet. This is how free and how safe the western world has become.
The so called 'free' world countries are very dangerous place as they are infested with rogues and assassins. Some countries are vying for the honour of hosting the Kim Trump Summit. Singapore is salivating for this privilege and great publicity. Have they ever think about their ability to prevent an assassin's bullet on Kim's head? There would be no assassin bullet on Trump's head for sure. No civilised people would do that. Only rogues would think of assassinating a head of state.
Who is or are the rogues?
Would Singapore be so complacent to think that hosting this event is just like hosting a Saturday Night Fever party? Can Singapore prevent an assassination on Kim if the Summit were to be held here?
The free world is not free unless the Americans said so. They decide if a country is free or not free, a country is safe or not safe. They have an army of rogue assassins out there to do the killing of national and political leaders. This is the very reason why Kim Jong Un would not leave North Korea, or he would be dead like his brother Kim Jong Nam, assassinated in a so called 'free' world country.
PS. When Kim visited China, the whole trip was held indoor, including the inspection of the guards. China would not take the risk of having Kim walking on the streets even in China that is now as open as the 'free' world countries. In the streets of Singapore, Kim would not stand a chance. Singapore should be smart enough to stay clear of this treachery scheme to lure Kim out of his safety zone.
PS. When Kim visited China, the whole trip was held indoor, including the inspection of the guards. China would not take the risk of having Kim walking on the streets even in China that is now as open as the 'free' world countries. In the streets of Singapore, Kim would not stand a chance. Singapore should be smart enough to stay clear of this treachery scheme to lure Kim out of his safety zone.
5/01/2018
Big money invest in big biz, not in kachang putehs
Warren Buffett's Berkshire Hathaway, invested US$232m in a Chinese company, BYD, a Shenzhen-based battery and electric car
maker. The $232 million investment in 2008 is now worth about US$2.1
billion.
“When you got over $100 billion, you’re looking at any big market. We
can’t go into tiny markets and really deploy enough capital,” he said.
“We want to invest money intelligently. And obviously, big economies and
growing economies have the potential.” Warren Buffett Yahoo News
The above comment by Buffett is what investment with big money is all about, invest in big economies, in big companies. How silly it is to have hundreds of millions invested in kachang puteh companies in sick economies. How silly it is to invest hundreds of millions in low skill, low tech, low capital and low barrier of entry companies.
Guess what type of big investment funds, with hundreds of millions to invest, would do exactly the opposite of what Berkshire Hathaway is doing? Would anyone with hundreds of millions of dollars to play with invest in tontine companies, in low level engineering companies, in hawker centres, in bakeries, in low tech, low skill mechanical workshops or in tuition centres?
Buffett said, invest intelligently in big economies, in growing economies, and in growing companies. Growing economies and growing economies must be really growing not by shouting that the economy is growing, the company is growing when they are not, not when growth is fiddling with numbers, juggling with numbers to make the icing looks good but in reality a rotten apple, rotten economies and rotten companies.
Is it so difficult to tell whether an economy or a company is all hype and nothing else? Oh, there are fake growth economies and fake growth companies, just like fake degrees and CVs. There are many con men everywhere with slippery tongues.
Is there anything to learn from Berkshire Hathaway? Or is it too late?
4/30/2018
Modi visits China
These two big countries of Asia met again in Wuhan, China, with Modi making a scale down official visit short of a state visit by the head of a state. Nonetheless it is a good step forward to minimise tension and perhaps a small step towards more talks to reach some understanding in the territorial dispute and India's hyped obsession that China is going to invade and take over India.
Historically the two states had not gone to war or invade each other until the sneaky border war in 1962. There were natural barriers separating the two states and the centre of economic and political activities were far from the border. Further more, there was no state called India until the British colonised the land of the maharajas and tribal chiefs and subsequently gave it independence. Even independence was subjective as far as national boundaries were concerned. Not only India was an artificiality, there were no Pakistans before the colonisation, and the British carved up two states in the east and west of India and called them East and West Pakistan.
The whole damn shit in the subcontinent was the work of the British colonial masters that sailed from distant Europe to create states. And they drew up the boundaries for the natives that were not nation states then. India's trouble with China is the McMahon Lines. Who is this cunt that thought he was the lord of the day to draw lines between China and India and dictated to the two countries that the lines were the boundaries?
The questionable act of arbitrarily drawing lines freely by a foreign agent, an agent of colonialism, is now quoted by India as the authoritative source of their claims to Chinese land. Why would China want to accept the dictates of the British colonial power and let their land be written away from them? On what ground or reasons?
Why would India, a non state that became a new state in 1947 so happy to accept the lines drawn by their ex colonial master to make claims against Chinese land? Simple, it is land that did not belong to India but the British Raj said it belonged to India. So India die die insists that the land belongs to India because their colonial master said so.
The two countries should start from a fresh ground and stop relying on the colonial shit as the governing principle to settle their land dispute. The British were there to claim and conquer land belonging to other states and people. They did everything for their own interest under the power of the gun. If India does not remove this colonial hangover and insists that the British Raj was the authority to decide the land belonged to which state, then it is an unacceptable premise to start with.
And India should stop its silly hallucination that China is there to invade and grab Indian land, even invading India. This kind of unfriendly and hostile mindset would not do any good to bilateral relations. This is the 21st Century and acquisition of territories by war and by force is no longer acceptable except for the evil Empire. There are many smaller states around China and there is no fear of China invading them and taking them by force. Outer Mongolia with a population of 5/6 million was part of China, seceded due to Russian betrayal, but China is not even attempting to take it back by force. It could if it wants to.
The earlier the Indians removed this self deluded hysteria of China harbouring an intention to want to invade and conquer India, the earlier would they come to terms of the new reality and their senses and be at peace with themselves and with China. The fear of China is self induced. The territorial dispute is created by the British Raj and China or any country would not accept a foreigner or foreign power from afar to decide their territories.
When would India let go of this colonial hangover and start to think clearly and talk to China with sincerity and not living with its self delusion and fear of China? Why would China want to invade and inherit a subcontinent of problems that have little commonality with China?
Historically the two states had not gone to war or invade each other until the sneaky border war in 1962. There were natural barriers separating the two states and the centre of economic and political activities were far from the border. Further more, there was no state called India until the British colonised the land of the maharajas and tribal chiefs and subsequently gave it independence. Even independence was subjective as far as national boundaries were concerned. Not only India was an artificiality, there were no Pakistans before the colonisation, and the British carved up two states in the east and west of India and called them East and West Pakistan.
The whole damn shit in the subcontinent was the work of the British colonial masters that sailed from distant Europe to create states. And they drew up the boundaries for the natives that were not nation states then. India's trouble with China is the McMahon Lines. Who is this cunt that thought he was the lord of the day to draw lines between China and India and dictated to the two countries that the lines were the boundaries?
The questionable act of arbitrarily drawing lines freely by a foreign agent, an agent of colonialism, is now quoted by India as the authoritative source of their claims to Chinese land. Why would China want to accept the dictates of the British colonial power and let their land be written away from them? On what ground or reasons?
Why would India, a non state that became a new state in 1947 so happy to accept the lines drawn by their ex colonial master to make claims against Chinese land? Simple, it is land that did not belong to India but the British Raj said it belonged to India. So India die die insists that the land belongs to India because their colonial master said so.
The two countries should start from a fresh ground and stop relying on the colonial shit as the governing principle to settle their land dispute. The British were there to claim and conquer land belonging to other states and people. They did everything for their own interest under the power of the gun. If India does not remove this colonial hangover and insists that the British Raj was the authority to decide the land belonged to which state, then it is an unacceptable premise to start with.
And India should stop its silly hallucination that China is there to invade and grab Indian land, even invading India. This kind of unfriendly and hostile mindset would not do any good to bilateral relations. This is the 21st Century and acquisition of territories by war and by force is no longer acceptable except for the evil Empire. There are many smaller states around China and there is no fear of China invading them and taking them by force. Outer Mongolia with a population of 5/6 million was part of China, seceded due to Russian betrayal, but China is not even attempting to take it back by force. It could if it wants to.
The earlier the Indians removed this self deluded hysteria of China harbouring an intention to want to invade and conquer India, the earlier would they come to terms of the new reality and their senses and be at peace with themselves and with China. The fear of China is self induced. The territorial dispute is created by the British Raj and China or any country would not accept a foreigner or foreign power from afar to decide their territories.
When would India let go of this colonial hangover and start to think clearly and talk to China with sincerity and not living with its self delusion and fear of China? Why would China want to invade and inherit a subcontinent of problems that have little commonality with China?
4/29/2018
Farrer Park’s demise’s a hard LAND-ing for Singapore
As far as usage of its precious land space goes, nothing is sacred in Singapore. The recent announcement that Farrer Park “will make way for redevelopment” (that dreaded phrase of conservationists) confirms this - if confirmation is at all needed. Still the imminent demise of Singapore’s football cradle - the birthplace of legends like Quah Kim Song, Fandi Ahmad and Sundramoorthy - hit us like fresh hammer blows at a time when the country’s footballing fortunes are going from First World to Third (ok, we were never First World in the first place but you get the picture). Standing at an all-time low of 183 in FIFA rankings, football fans need Farrer Park’s passing like a hole in the head. But in a way, no one should be surprised. This is a country that prized economics and pragmatism above all else. Think the National Library, that old red brick building that was pulled down years ago to make way for a road. Think Bidadari cemetery, that historic abode of the dead that made way for the living in the form of pricey HDB flats. Think Bukit Brown cemetery, part of which made way for a viaduct and a flyover to ease traffic congestion.
Yes, this is a country that puts economics above history, efficiency above heritage, convenience above nostalgia, the future above the past. It would be easy to blame the Government for being trigger-happy with the wrecking ball but that is too simplistic. We get the government we deserve and the government reacts to the impulses of the voters who put them there. If they think Singaporeans will go along with policies that give them jobs, comfort, convenience and material well being - give and take the odd grumble - they will not hesitate to do it. Wield the axe, send in the bulldozers because they have the mandate of the people which is more awesome than the mandate of heaven. So the buck really stops with us - the people - who must look ourselves in the mirror and examine our priorities .
What could the OPCW team find in Douma
"Two weeks after the alleged chlorine and
sarin attack, and amid warnings Syria's regime may have attempted to
tamper with evidence, what clues might the team be looking for?
CHEMICAL TRACES
Despite the long delay, inspectors of the Organisation for the Prohibition of Chemical Weapons (OPCW) could still be able to find chemical traces useful for the probe, experts have told AFP."
Read more at https://www.channelnewsasia.com/news/world/what-clues-might-chemical-experts-in-syria-be-looking-for--10162178
CHEMICAL TRACES
Despite the long delay, inspectors of the Organisation for the Prohibition of Chemical Weapons (OPCW) could still be able to find chemical traces useful for the probe, experts have told AFP."
Read more at https://www.channelnewsasia.com/news/world/what-clues-might-chemical-experts-in-syria-be-looking-for--10162178
After the West put on a media blitzkrig to accuse Assad for poisoning his people in Douma, the UN immediately sent a OPCW team to visit the site to conduct an on site investigation of the crime. Before the team could land in Syria, the West in their duplicity, conducted a massive air strike at Douma and two other sites alleged to be manufacturing chemical weapons. In so doing the team could not get to the site earlier. Now, two weeks have gone pass and the team finally arrived in Douma.
As usual, the western propaganda machine started cranking, that it was Assad that caused the delay in the investigation. They ignored the fact that if the evil West did not conduct the air strikes, the team would be in Douma with a couple of days.
Now, after two weeks, the whole intent and purpose of the airstrike was to delay the OPCW team to reach the site, the West is putting the blame squarely on Assad. And they are asking what could the OPCW team find after such a long time lapse? The intent is that the less they found the better. The more blur the evidence the better.
The West would not want the OPCW team to find 'Made in USA' or 'Made in UK'' or Made in You Know Who country in the traces of chemical gas left, if any. And the accusation and allegation against Assad would hold since the OPCW team could not find the 'Made in USA or UK' marks on anything on site.
See how devious is the scheme of these evil men and women in hurriedly conducting an airstrike without approval from the UN? To destroy all evidence of their finger prints in the chemicals and gas used against the Syrians. Now they put on a blank face of honesty and righteousness and point the finger at Assad for delaying the OPCW team to reach the site and unable to prove anything.
The West are experts and regular producers of fake news and false flag incidents.
4/28/2018
Korean Peace Talks and The American Warhawks and Neocons
The two countries Korea and China were divided due to the interference by America and Russia in their civil wars. Without the American and Russian interference Korea and China will today be two happy united countries.
The separation between North Korea (DPRK ) and South Korea ( ROK ) and between Mainland China and Taiwan was due to the fraud and divisive evil ideology and doctrine imposed on the Koreans and the Chinese by the West headed by US and by Russia. After the Second World War both US and Russia had competing plans to dominate and control Asia. Using its bogus democracy and self serving evil doctrines US occupied South Korea and Taiwan while Russia occupied North Korea and perfunctorily supported Chairman Mao's PRC. If US and Russia had not interfered in the Korean civil war and the Chinese civil war the Koreans and the Chinese today would not have been divided but remain as two dignified united countries. America has consistently persisted in maintaining a divided Korea and a divided China to suit its agenda and ultimate aim of world conquest and hegemony.
While most Koreans aspire to be united and most people and countries in the world hope for a successful peace talk leading to the unification of the two Koreas not every body or every nation look forward to the success of the peace talks. The Japanese under the despicable Abe definitely do not want to see a united Korea. A divided Korea will serve Japanese insidious agenda of military revival for its secret aim of seeking revenge and potential plan of aggression and conquest of Korea, China and Asia again and this time with the help and connivance of America. There are some treacherous Korean traitors who for their own selfish interests will never want to have a united Korea but rather prefer to serve their Japanese and American masters servilely for their own personal benefits.
Even Trump's personal interest in the talks is under scrutiny. Is he using the talks in bidding his time to serve his secret agenda of other more morbid underlying plans for greater aggression somewhere else in Asia or in the South China Sea region. His sincerity in the peace talks is doubtful granted that he is a dishonourable man who often flip flops on his decisions and agreements . Also he has to contend with the large numbers of warhawks , neocons and the powerful Deep State of the Shadow Government of the Anglo-Saxon Jewish Zionist Rothschilds Illuminati Cartel which controls Wall Street, CIA and the Pentagon and whose doctrine of perpetual and permanent warfare to generate wealth and profits for the Cartel do not bode well for the talks. The American warhawks, neocons and the Illuminati Cartel thrives on wars and never believe in peace.
The Russians also may not want to see a united Korean nation or a peaceful North East Asia or Asia because of Russia's own guilt of aggression against a weak China before and therefore the Russians harbour a lingering fear that a peaceful united China may one day settle accounts with Russia for illegally occupying over three million square miles of Chinese lands north of the Heilongjiang River in Siberia and the Maritime Province in the Pacific coast during the time of the Opium Wars of 1839 to 1842 and 1856 to 1860.
However it is the hope of all Koreans and Chinese and all peace loving people and countries in the world that the Koreans and the Chinese will eventually be united as a single Korean nation and a single Chinese state in order to have genuine peace throughout Asia and the Pacific region.
The fate of the Koreans and the Chinese , their peace and livelihood, their economy and political and territorial integrity should not be held hostage by the American warhawks, neocons and the Illuminati cartel. If Trump and the Americans are sincere in a peaceful world they must openly denounce and renounce all their evil religious and militant doctrines such as the Doctrine of Christian Discovery, the Doctrine of American Manifest Destiny, the Doctrine of Exceptionalism and llilateralism of the Neocons and the Doctrine of Permanent Warfare of the Zionist Illuminati Cartel.
Southernglory1
Saturday, 28th April, 2018
The separation between North Korea (DPRK ) and South Korea ( ROK ) and between Mainland China and Taiwan was due to the fraud and divisive evil ideology and doctrine imposed on the Koreans and the Chinese by the West headed by US and by Russia. After the Second World War both US and Russia had competing plans to dominate and control Asia. Using its bogus democracy and self serving evil doctrines US occupied South Korea and Taiwan while Russia occupied North Korea and perfunctorily supported Chairman Mao's PRC. If US and Russia had not interfered in the Korean civil war and the Chinese civil war the Koreans and the Chinese today would not have been divided but remain as two dignified united countries. America has consistently persisted in maintaining a divided Korea and a divided China to suit its agenda and ultimate aim of world conquest and hegemony.
While most Koreans aspire to be united and most people and countries in the world hope for a successful peace talk leading to the unification of the two Koreas not every body or every nation look forward to the success of the peace talks. The Japanese under the despicable Abe definitely do not want to see a united Korea. A divided Korea will serve Japanese insidious agenda of military revival for its secret aim of seeking revenge and potential plan of aggression and conquest of Korea, China and Asia again and this time with the help and connivance of America. There are some treacherous Korean traitors who for their own selfish interests will never want to have a united Korea but rather prefer to serve their Japanese and American masters servilely for their own personal benefits.
Even Trump's personal interest in the talks is under scrutiny. Is he using the talks in bidding his time to serve his secret agenda of other more morbid underlying plans for greater aggression somewhere else in Asia or in the South China Sea region. His sincerity in the peace talks is doubtful granted that he is a dishonourable man who often flip flops on his decisions and agreements . Also he has to contend with the large numbers of warhawks , neocons and the powerful Deep State of the Shadow Government of the Anglo-Saxon Jewish Zionist Rothschilds Illuminati Cartel which controls Wall Street, CIA and the Pentagon and whose doctrine of perpetual and permanent warfare to generate wealth and profits for the Cartel do not bode well for the talks. The American warhawks, neocons and the Illuminati Cartel thrives on wars and never believe in peace.
The Russians also may not want to see a united Korean nation or a peaceful North East Asia or Asia because of Russia's own guilt of aggression against a weak China before and therefore the Russians harbour a lingering fear that a peaceful united China may one day settle accounts with Russia for illegally occupying over three million square miles of Chinese lands north of the Heilongjiang River in Siberia and the Maritime Province in the Pacific coast during the time of the Opium Wars of 1839 to 1842 and 1856 to 1860.
However it is the hope of all Koreans and Chinese and all peace loving people and countries in the world that the Koreans and the Chinese will eventually be united as a single Korean nation and a single Chinese state in order to have genuine peace throughout Asia and the Pacific region.
The fate of the Koreans and the Chinese , their peace and livelihood, their economy and political and territorial integrity should not be held hostage by the American warhawks, neocons and the Illuminati cartel. If Trump and the Americans are sincere in a peaceful world they must openly denounce and renounce all their evil religious and militant doctrines such as the Doctrine of Christian Discovery, the Doctrine of American Manifest Destiny, the Doctrine of Exceptionalism and llilateralism of the Neocons and the Doctrine of Permanent Warfare of the Zionist Illuminati Cartel.
Southernglory1
Saturday, 28th April, 2018
Is Phillip Ang underestimating the dignity of Chok Tong?
"....Lau Goh and LKY were each paid an estimated $4.123 million when Nathan’s pay increased to $4.267 million. Just what did the ass-et enhancer, Swiss standard Lau Goh contribute
to Singapore to deserve more than $4 million as SM has remained a
mystery till today."
The above is quoted from Phillip Ang's article in the TRE on LKY and Chok Tong's more than $4 million salary. For the information of Phillip Ang, the salaries he quoted were just basic salaries. Their salaries included bonuses, 13th month, performance/productivity bonuses and dunno what which could come to many times more than what Phillip had mentioned. This is like not giving them due recognition to their dignity. They deserved more and were paid more in total salaries.
Give the men their due dignity and don't under estimate or under quote their annual income. I would accept Phillip's numbers if he qualified them by saying that they were basic salary.
I do not have the actual figures. Anyone of you know exactly how much they were paid in total?
The above is quoted from Phillip Ang's article in the TRE on LKY and Chok Tong's more than $4 million salary. For the information of Phillip Ang, the salaries he quoted were just basic salaries. Their salaries included bonuses, 13th month, performance/productivity bonuses and dunno what which could come to many times more than what Phillip had mentioned. This is like not giving them due recognition to their dignity. They deserved more and were paid more in total salaries.
Give the men their due dignity and don't under estimate or under quote their annual income. I would accept Phillip's numbers if he qualified them by saying that they were basic salary.
I do not have the actual figures. Anyone of you know exactly how much they were paid in total?
The Korean War with the Americans
The Koreans are celebrating the peace initiative both North and South Korean leaders are working on to bring peace in the Korean Peninsular. The intent from both leaders and people are clear. The Koreans do not need a war or want a war to kill themselves. The war between the two separated states is as good as over even without the signing of a peace agreement.
But the real Korean War is not over. The real Korean War is between the North Koreans and the Americans. The Americans do not want peace. They have other core interests that would not allow peace to return to the Korean Peninsula. The American Empire needs to keep controlling South Korea as its semi colony in order to maintain troops in the Korean Peninsula. The demand for denuclearisation and other hypes are just hogwash. Even if the North Koreans are gullible enough to give up all their nuclear weapons, the Americans would not sign a peace agreement and withdraw their soldiers and military hardware from the Korean Peninsula. This is the unchanging political and military interest of the Americans.
While there is some euphoria that peace has arrived, the evil men and women in Washington are throwing scorns at the North Koreans and said they would continue to increase pressure and sanctions against the North Koreans. Such acts and intent are simply bad and insincere for peace. No, the evil Empire does not want to have peace in the Korean Peninsula and would do everything to scuttle this peace process between the two Koreans. The Koreans are the sacrificial lamb for their dominance in Asia and the world.
"We must remember: USA is still USA. Trump or any American President is still the same person he was when he purged potential rivals, imprisoned thousands of his people in Guantanamo, in Iraqi prisons, conducted regime change and indiscriminate bombings and killings of civilians, and had Presidents killed or assassinated. This was a hopeful moment, but extreme caution is well warranted."
In short, the evil Americans cannot be trusted. The Koreans must break away from the clutches of the evil Empire, become independent nation state and decide their own future, declare peace among themselves. They cannot wait for the Americans to agree to peace, the Americans would not. They must not be held ransom by the evil Americans.
The evil Americans and the West would allow the Germans to reunite and have peace because they are of the same kind. The Koreans are Asians and must be controlled and kept under bondage. The tragedy of the Koreans would be kept in perpetuity unless the Koreans liberated themselves from the vice of the Americans like the Vietnamese did. They need to chase the Americans out of Korean soil.
But the real Korean War is not over. The real Korean War is between the North Koreans and the Americans. The Americans do not want peace. They have other core interests that would not allow peace to return to the Korean Peninsula. The American Empire needs to keep controlling South Korea as its semi colony in order to maintain troops in the Korean Peninsula. The demand for denuclearisation and other hypes are just hogwash. Even if the North Koreans are gullible enough to give up all their nuclear weapons, the Americans would not sign a peace agreement and withdraw their soldiers and military hardware from the Korean Peninsula. This is the unchanging political and military interest of the Americans.
While there is some euphoria that peace has arrived, the evil men and women in Washington are throwing scorns at the North Koreans and said they would continue to increase pressure and sanctions against the North Koreans. Such acts and intent are simply bad and insincere for peace. No, the evil Empire does not want to have peace in the Korean Peninsula and would do everything to scuttle this peace process between the two Koreans. The Koreans are the sacrificial lamb for their dominance in Asia and the world.
"We must remember: USA is still USA. Trump or any American President is still the same person he was when he purged potential rivals, imprisoned thousands of his people in Guantanamo, in Iraqi prisons, conducted regime change and indiscriminate bombings and killings of civilians, and had Presidents killed or assassinated. This was a hopeful moment, but extreme caution is well warranted."
In short, the evil Americans cannot be trusted. The Koreans must break away from the clutches of the evil Empire, become independent nation state and decide their own future, declare peace among themselves. They cannot wait for the Americans to agree to peace, the Americans would not. They must not be held ransom by the evil Americans.
The evil Americans and the West would allow the Germans to reunite and have peace because they are of the same kind. The Koreans are Asians and must be controlled and kept under bondage. The tragedy of the Koreans would be kept in perpetuity unless the Koreans liberated themselves from the vice of the Americans like the Vietnamese did. They need to chase the Americans out of Korean soil.
4/27/2018
Korean Summit – The tragedy of the Korean people will continue
Abe and his revisionist gang thought they could manipulate the Koreans
to kill each other. They have been working with the Americans to keep
provoking the North Koreans and instigating and forcing the South
Koreans to take tough measures against the North. They thought the South
Koreans were stupid enough to be their puppet on the string and be
pulled in whatever direction they wanted.
The disclosure of the setup and layout of the meeting room between Kim Jong Un and Moon Jae In is making the Abe and his gang crying. They could not believe what they are seeing. The two Koreans put up their map prominently displaying the Dokto Island as part of Korea and not part of Japan. There was a big painting of Dokto Island as the centre piece. The chairs also have the Korean map with Docto in it. And the dessert too has Dokto Island in them. The highlighting of Dokto Island is the two Koreans’ way to telling the Japanese to go fuck off and don’t think the Koreans are stupid to be made to kill each other by the Japanese and the Americans.
After all the years of wayangings, pressures and string pullings, nothing works. The Koreans know what is good for them and would work to achieve peace and reunite as one people and as one proud country.
Bless the Koreans to find peace among themselves and the trouble makers can go to hell.
From another angle, many Koreans from both sides are hoping that there will be a peace agreement after the summit. They would be disappointed. As a semi colony of the USA, the South Koreans have no right to sign a peace agreement with their northern brothers without the consent of the Americans. And the Americans would not give the consent.
Why do you think Abe rushed to Washington to meet Trump? A unified Korea is bad of the interest of the USA and Japan. They would not allow peace between the two Koreans so that the Americans could continue to keep South Korean as their colony and to keep their soldiers in the country, to rule the South Koreans. Japan fears a united and strong Korea.
While peace is in the minds of the Koreans, today could be the start of another Korean War with more serious destructions and consequences. The Americans and the Japanese would love to put a bullet in the head of Kim Jong Un and all hell would break loose. This is the easiest way to start a war between the two Koreans.
The South Koreans would have a hard time trying to prevent this. The next few hours are very critical. It is life or death for the Korean people. The evil people are going all out to see that this summit will fail and better, if Kim is assassinated and war breaks out…And the Korean tragedy will start all over again.
South Korea must be an independent country to determine their own destiny, not when it is a semi colony of the USA.
The disclosure of the setup and layout of the meeting room between Kim Jong Un and Moon Jae In is making the Abe and his gang crying. They could not believe what they are seeing. The two Koreans put up their map prominently displaying the Dokto Island as part of Korea and not part of Japan. There was a big painting of Dokto Island as the centre piece. The chairs also have the Korean map with Docto in it. And the dessert too has Dokto Island in them. The highlighting of Dokto Island is the two Koreans’ way to telling the Japanese to go fuck off and don’t think the Koreans are stupid to be made to kill each other by the Japanese and the Americans.
After all the years of wayangings, pressures and string pullings, nothing works. The Koreans know what is good for them and would work to achieve peace and reunite as one people and as one proud country.
Bless the Koreans to find peace among themselves and the trouble makers can go to hell.
From another angle, many Koreans from both sides are hoping that there will be a peace agreement after the summit. They would be disappointed. As a semi colony of the USA, the South Koreans have no right to sign a peace agreement with their northern brothers without the consent of the Americans. And the Americans would not give the consent.
Why do you think Abe rushed to Washington to meet Trump? A unified Korea is bad of the interest of the USA and Japan. They would not allow peace between the two Koreans so that the Americans could continue to keep South Korean as their colony and to keep their soldiers in the country, to rule the South Koreans. Japan fears a united and strong Korea.
While peace is in the minds of the Koreans, today could be the start of another Korean War with more serious destructions and consequences. The Americans and the Japanese would love to put a bullet in the head of Kim Jong Un and all hell would break loose. This is the easiest way to start a war between the two Koreans.
The South Koreans would have a hard time trying to prevent this. The next few hours are very critical. It is life or death for the Korean people. The evil people are going all out to see that this summit will fail and better, if Kim is assassinated and war breaks out…And the Korean tragedy will start all over again.
South Korea must be an independent country to determine their own destiny, not when it is a semi colony of the USA.
4/26/2018
Gunboat policy – The table turns
1996 was a watershed in gunboat diplomacy between China and the USA. The
Taiwan Strait crisis saw Clinton ordering two aircraft carriers to sail
through the strait in a show of force. China was humiliated in a sense
as it did not have an answer to such display of military might that
reminded them of the foreign naval invasion of China in the 19th
Century. The Chinese took the slap in their stride, retreated their
military posturing and went back to the drawing board.
China must not again be threatened by the Americans by military means, especially naval power superiority. The unprovoked hideous Belgrade Embassy bombing in 1999 by the Americans was another big blow to the dignity of the Chinese govt. There was still no answer to American military superiority. The Americans could hit the Chinese as and when they liked and the Chinese could not hit back, worse, with the threat of mounting a full scale attack on Chinese soil using aircraft carriers.
The acquisition of a Ukraine decommissioned aircraft carrier was seen by some as China’s attempt for military parity with the Americans. Since then this aircraft carrier has been refitted as the Liaoning, China’s first aircraft carrier. The talk of China pitting against the might of 11 American aircraft carriers with a relatively inferior solitary aircraft carrier does not hold water. The Liaoning is no match for the Americans and would be outclassed even in an eyeballing match. The Liaoning would not be sailing into the open sea to confront the American aircraft carriers.
No, the Liaoning or the construction of more aircraft carriers is not a military strategy to stare the Americans in the eye. They serve completely different strategic interest. China’s war with the Americans in the western Pacific Ocean would be to counter the massive buildup of American aircraft carriers attempting to attack China. In such a scenario, the Chinese answer to the American naval superiority in deploying aircraft carriers that can hit China without being hit is in anti carrier missiles, the DF21Ds and the DF26s. These are missiles specially designed and developed to sink American aircraft carriers at a distance, more than 1000km or 3000km from Chinese soil. With this kill range, the American aircraft carriers would no longer have the privilege of sailing through the Taiwan Strait like a cock, not even within a 3000km radius and think they could not be sunk. There will be no need for the Liaoning or any Chinese warship to engage the American warships in the western Pacific theatre of war.
The Chinese are turning the table on the Americans, telling the Americans I can hit you and you can’t hit me. It is not that the Americans did not have comparable cruise missiles to hit China from the carriers at long distance. The problem is that the Americans cannot afford to be within the anti carrier missile kill range as each carrier is a target consisting of hundreds of aircraft, missiles, nuclear weapons and thousands of elite fighting men and women. The Americans can launch their cruise missiles to attack Chinese mainland. The Chinese mainland could absorb the damages. The reverse is deadly and crippling to the American carrier strike force.
The Americans must keep their carriers out of the strike range of Chinese anti carrier missiles. And to do so they would not be able to use the carrier as a strike force, as a launch pad to attack China anymore. The Chinese want to keep the carriers far enough not able to strike China but could be hit by China. The Chinese strategy against the American carrier strike force is the use of all the missile bases in China, unsinkable, and massive numerical superiority, against the limited American aircraft carriers, all 11 of them, kept at a distance from Chinese soil. The carriers would be neutralised, defeating their purpose as offensive aircraft carriers.
The table has turned in favour of China in this game of gunboat diplomacy. The Chinese aircraft carriers have no role, or at most a minimal role, in such a conflict of military power in air sea battle. It is land based missiles against carrier based missiles.
A major conflict could break out in the western Pacific Ocean but would be fought under Chinese terms. The battle front would be far out in the Pacific Ocean, not near or on Chinese soil. All American and its allies’ naval craft within the 4,000km radius from Chinese coast would be neutralized once war breaks out.
China must not again be threatened by the Americans by military means, especially naval power superiority. The unprovoked hideous Belgrade Embassy bombing in 1999 by the Americans was another big blow to the dignity of the Chinese govt. There was still no answer to American military superiority. The Americans could hit the Chinese as and when they liked and the Chinese could not hit back, worse, with the threat of mounting a full scale attack on Chinese soil using aircraft carriers.
The acquisition of a Ukraine decommissioned aircraft carrier was seen by some as China’s attempt for military parity with the Americans. Since then this aircraft carrier has been refitted as the Liaoning, China’s first aircraft carrier. The talk of China pitting against the might of 11 American aircraft carriers with a relatively inferior solitary aircraft carrier does not hold water. The Liaoning is no match for the Americans and would be outclassed even in an eyeballing match. The Liaoning would not be sailing into the open sea to confront the American aircraft carriers.
No, the Liaoning or the construction of more aircraft carriers is not a military strategy to stare the Americans in the eye. They serve completely different strategic interest. China’s war with the Americans in the western Pacific Ocean would be to counter the massive buildup of American aircraft carriers attempting to attack China. In such a scenario, the Chinese answer to the American naval superiority in deploying aircraft carriers that can hit China without being hit is in anti carrier missiles, the DF21Ds and the DF26s. These are missiles specially designed and developed to sink American aircraft carriers at a distance, more than 1000km or 3000km from Chinese soil. With this kill range, the American aircraft carriers would no longer have the privilege of sailing through the Taiwan Strait like a cock, not even within a 3000km radius and think they could not be sunk. There will be no need for the Liaoning or any Chinese warship to engage the American warships in the western Pacific theatre of war.
The Chinese are turning the table on the Americans, telling the Americans I can hit you and you can’t hit me. It is not that the Americans did not have comparable cruise missiles to hit China from the carriers at long distance. The problem is that the Americans cannot afford to be within the anti carrier missile kill range as each carrier is a target consisting of hundreds of aircraft, missiles, nuclear weapons and thousands of elite fighting men and women. The Americans can launch their cruise missiles to attack Chinese mainland. The Chinese mainland could absorb the damages. The reverse is deadly and crippling to the American carrier strike force.
The Americans must keep their carriers out of the strike range of Chinese anti carrier missiles. And to do so they would not be able to use the carrier as a strike force, as a launch pad to attack China anymore. The Chinese want to keep the carriers far enough not able to strike China but could be hit by China. The Chinese strategy against the American carrier strike force is the use of all the missile bases in China, unsinkable, and massive numerical superiority, against the limited American aircraft carriers, all 11 of them, kept at a distance from Chinese soil. The carriers would be neutralised, defeating their purpose as offensive aircraft carriers.
The table has turned in favour of China in this game of gunboat diplomacy. The Chinese aircraft carriers have no role, or at most a minimal role, in such a conflict of military power in air sea battle. It is land based missiles against carrier based missiles.
A major conflict could break out in the western Pacific Ocean but would be fought under Chinese terms. The battle front would be far out in the Pacific Ocean, not near or on Chinese soil. All American and its allies’ naval craft within the 4,000km radius from Chinese coast would be neutralized once war breaks out.
4/25/2018
Is the SMRT a poison chalice?
This is the question posed by a Dr Lee Siew Peng in a letter of
encouragement to the new CEO Neo Kian Hong. This is the first para of
the article posted in TRE.
“Dear Mr Neo
I trust that “Congratulations” are in order for your new appointment. Some people see this job as a kind of poisoned chalice. Hopefully your big risk will lead to big rewards. Not just for you, but for the Singapore travelling public.”
If one were to look at the records of SMRT, from the performance of the train system and the fate of its CEOs and whoever foolishly thought it was wise to dabble with the organisation, the poison chalice suggestion is not too far from the truth. It was not like that when it was built in the 1980s. It had a fair ride for a couple of decades and the pride of Singapore, something that we could boot about.
Thanks to the man behind this train, past President Ong Teng Cheong. Could anyone attempt to trace the change in fortune of the SMRT from the demise of the late President and see if there is any correlation in the two events?
The reputation of the SMRT was at its peak during the tenure of Saw Phaik Wah, then CEO. It was reporting big profits year after year and she was the toss of the SMRT party when they carried her around like Cleopatra to recognise her great contribution and her greatness.
Alas, this was not to last, like the proverbial saying, pride before the fall. Everything fell apart after that infamous Company Dinner and Dance. It was like a house of cards, or a house built on straw or mud. How could the problems sprouted out so fast and so drastically that daily breakdown became a norm and multiple times a day. And on several occasions practically the whole system was run to a stop for several hours. And then accidents came one after another with two technicians killed on the track while on a training stint. And this was not all, fore the second time, after several decades, the trains collided, oops, it was reported that they came into contact with each other, and tens of people were hurt. Luckily no serious injuries.
What about the CEOs, Saw Phaik Wah had left. Her successor Desmund Kuek is leaving. Khaw Boon Wan’s reputation as a trouble shooter and the man to solve all problems is in tatters, unable to do much to the problems that kept cropping out in the system despite human and financial resources being poured into the SMRT.
Don't forget the several ministers that had to leave quietly after their bad stint in the ministry.
And a few day’s back, the army colonel brought in by Desmund Kuek is also in the news for all the wrong reasons, arrested for drink driving in the wee hours of the morning. What else can go wrong to the SMRT and its top management?
Neo Kian Hong is taking over the chalice from Desmund Kuek. Would it be confirmed that it is really a poison chalice? Should someone be praying or burning more incense to appease the spirits to take away the poison in the chalice? From the noises in the social media, it looks like Neo is standing on weak sand.
Perhaps a sai kong or bomoh or witch or whatever maybe welcomed if they can turn the poison chalice to a bowl of red wine. Are the problems of SMRT over? Maybe they should be looking for someone that is blessed to helm this organisation. A lucky fool may be good for the time being.
“Dear Mr Neo
I trust that “Congratulations” are in order for your new appointment. Some people see this job as a kind of poisoned chalice. Hopefully your big risk will lead to big rewards. Not just for you, but for the Singapore travelling public.”
If one were to look at the records of SMRT, from the performance of the train system and the fate of its CEOs and whoever foolishly thought it was wise to dabble with the organisation, the poison chalice suggestion is not too far from the truth. It was not like that when it was built in the 1980s. It had a fair ride for a couple of decades and the pride of Singapore, something that we could boot about.
Thanks to the man behind this train, past President Ong Teng Cheong. Could anyone attempt to trace the change in fortune of the SMRT from the demise of the late President and see if there is any correlation in the two events?
The reputation of the SMRT was at its peak during the tenure of Saw Phaik Wah, then CEO. It was reporting big profits year after year and she was the toss of the SMRT party when they carried her around like Cleopatra to recognise her great contribution and her greatness.
Alas, this was not to last, like the proverbial saying, pride before the fall. Everything fell apart after that infamous Company Dinner and Dance. It was like a house of cards, or a house built on straw or mud. How could the problems sprouted out so fast and so drastically that daily breakdown became a norm and multiple times a day. And on several occasions practically the whole system was run to a stop for several hours. And then accidents came one after another with two technicians killed on the track while on a training stint. And this was not all, fore the second time, after several decades, the trains collided, oops, it was reported that they came into contact with each other, and tens of people were hurt. Luckily no serious injuries.
What about the CEOs, Saw Phaik Wah had left. Her successor Desmund Kuek is leaving. Khaw Boon Wan’s reputation as a trouble shooter and the man to solve all problems is in tatters, unable to do much to the problems that kept cropping out in the system despite human and financial resources being poured into the SMRT.
Don't forget the several ministers that had to leave quietly after their bad stint in the ministry.
And a few day’s back, the army colonel brought in by Desmund Kuek is also in the news for all the wrong reasons, arrested for drink driving in the wee hours of the morning. What else can go wrong to the SMRT and its top management?
Neo Kian Hong is taking over the chalice from Desmund Kuek. Would it be confirmed that it is really a poison chalice? Should someone be praying or burning more incense to appease the spirits to take away the poison in the chalice? From the noises in the social media, it looks like Neo is standing on weak sand.
Perhaps a sai kong or bomoh or witch or whatever maybe welcomed if they can turn the poison chalice to a bowl of red wine. Are the problems of SMRT over? Maybe they should be looking for someone that is blessed to helm this organisation. A lucky fool may be good for the time being.
4/24/2018
The main media’s narrative
Readers of the main media cannot go unnoticed the main narrative of the
main media. The authors and the select articles all have one trend of
thought. OK I am focusing only on international news, local news is not
so nice to talk about.
Anyone heard of Jonathan Eyal, the ST European correspondence? His article on 23 Apr titled ‘The real war over Syria is not over air but online’. His main argument and assumptions, the poisoning of Skripal Sergei, the Russia double agent and his daughter, is fact beyond any reasonable doubt, that the Russians did it. And the alleged chemical attack on Syrians is undoubtedly the work of Assad and the Russians.
And the Russians are launching an online war to twist and turn the facts to deny their wrong doings. The holy Gods in the USA, UK and France are so pure and innocent and doing all the right things, to condemn and attack the Russians and Assad. Not only the Russians are indulging in fake news but all other media too, all sources of news, independent online actors, are also in cahoot to deny that the Russians and Assad are guilty. There is no need to have independent agents to investigate and verify the allegations by the Brits, Americans and the French. What they alleged is the unquestionable truth.
This kind of one sided narrative glorifying the evil Empire and the western rogue nations and demonising those on the other side of the political divide, opposite the evil Empire, has been going on for so long that no one can be faulted to think that the Singapore govt is condoning and supporting such a view. Is this true?
Hsien Loong has recently said in Buckingham Palace or somewhere in the UK, that Singapore needs friends, not enemies. Singapore needs friends in the region and also the big powers, and not to take sides or to be seen to be the cronies of super powers and pit itself against another super power. Did the govt know what is going on in the local main media? Did the govt know that the pages of the local main media are populated by one sided narratives that gave the impression that Singapore is but a crony of the evil Empire and the rogue nations of the West and happily making enemies of the Chinese and Russian camp?
Is this impression officially sanctioned or something that Singapore really wants? Would it better serve Singapore’s interest to tow a middle line and send some of these one sided narrative authors to be self employed and write their own blogs to champion their own affiliations and personal interests? The main media may think that rubbishing some countries is fair game, and incurring their displeasure is part and parcel of news reporting. At least they should be fair to their readers and not treat their leaders as fools to be told a one sided story of black and white and dictate to them who they should worship as the good Gods and who to be seen as the villains.
The news readers today are not daft and are very well informed and know what is fake news and what is not. Do not underestimate and insult the readers’ intelligence by printing political propaganda and misinformation and fake news and think it is alright. Printing and publishing one sided narrative to offend the victim countries do not serve the interest of the country as a neutral and independent state that wants to be friends of all and making enemies of none.
The least the main media should do is not to allow its pages to be used by individuals to peddle their private agenda or the agenda of nation states at the expense of other nation states. Can’t believe it if this is really happening to the main media, that they had been used knowingly or unknowingly to do the dirty works of individuals or states and paying for it.
Can you believe that?
PS. Last night CNA gave 5 minutes to an American woman from a HRW organization attacking Ali baba and Ten Cent for discriminatory employment adverts against women. She said many women were angry. Who were these women? And what the shit is such news of interest to Singaporeans to be given so much coverage? Singapore a little USA, serving American interest?
All the visits to China, with Ministers and even Hsien Loong leading the delegations came home with nothing except empty MOUs. The sacking of anti China diplomat would not do much to change the anti China agenda unless the editors of main media are removed or stopped from churning out more anti China rhetoric and smear articles.
Anyone heard of Jonathan Eyal, the ST European correspondence? His article on 23 Apr titled ‘The real war over Syria is not over air but online’. His main argument and assumptions, the poisoning of Skripal Sergei, the Russia double agent and his daughter, is fact beyond any reasonable doubt, that the Russians did it. And the alleged chemical attack on Syrians is undoubtedly the work of Assad and the Russians.
And the Russians are launching an online war to twist and turn the facts to deny their wrong doings. The holy Gods in the USA, UK and France are so pure and innocent and doing all the right things, to condemn and attack the Russians and Assad. Not only the Russians are indulging in fake news but all other media too, all sources of news, independent online actors, are also in cahoot to deny that the Russians and Assad are guilty. There is no need to have independent agents to investigate and verify the allegations by the Brits, Americans and the French. What they alleged is the unquestionable truth.
This kind of one sided narrative glorifying the evil Empire and the western rogue nations and demonising those on the other side of the political divide, opposite the evil Empire, has been going on for so long that no one can be faulted to think that the Singapore govt is condoning and supporting such a view. Is this true?
Hsien Loong has recently said in Buckingham Palace or somewhere in the UK, that Singapore needs friends, not enemies. Singapore needs friends in the region and also the big powers, and not to take sides or to be seen to be the cronies of super powers and pit itself against another super power. Did the govt know what is going on in the local main media? Did the govt know that the pages of the local main media are populated by one sided narratives that gave the impression that Singapore is but a crony of the evil Empire and the rogue nations of the West and happily making enemies of the Chinese and Russian camp?
Is this impression officially sanctioned or something that Singapore really wants? Would it better serve Singapore’s interest to tow a middle line and send some of these one sided narrative authors to be self employed and write their own blogs to champion their own affiliations and personal interests? The main media may think that rubbishing some countries is fair game, and incurring their displeasure is part and parcel of news reporting. At least they should be fair to their readers and not treat their leaders as fools to be told a one sided story of black and white and dictate to them who they should worship as the good Gods and who to be seen as the villains.
The news readers today are not daft and are very well informed and know what is fake news and what is not. Do not underestimate and insult the readers’ intelligence by printing political propaganda and misinformation and fake news and think it is alright. Printing and publishing one sided narrative to offend the victim countries do not serve the interest of the country as a neutral and independent state that wants to be friends of all and making enemies of none.
The least the main media should do is not to allow its pages to be used by individuals to peddle their private agenda or the agenda of nation states at the expense of other nation states. Can’t believe it if this is really happening to the main media, that they had been used knowingly or unknowingly to do the dirty works of individuals or states and paying for it.
Can you believe that?
PS. Last night CNA gave 5 minutes to an American woman from a HRW organization attacking Ali baba and Ten Cent for discriminatory employment adverts against women. She said many women were angry. Who were these women? And what the shit is such news of interest to Singaporeans to be given so much coverage? Singapore a little USA, serving American interest?
All the visits to China, with Ministers and even Hsien Loong leading the delegations came home with nothing except empty MOUs. The sacking of anti China diplomat would not do much to change the anti China agenda unless the editors of main media are removed or stopped from churning out more anti China rhetoric and smear articles.
4/23/2018
Choice between real economy and paper economy
In the 1980s Singapore came to a cross road in economic growth. Manufacturing was maxed out in this little piece of rock. Manufacturing needed space to keep the solid stuff, the goods, the material. Singapore could not waste more land for manufacturing. There were other factors like the neighbours catching up as many of Singapore's manufacturing were low skill stuff. The pride of Singapore then, the highest level of technical product was the Rollei camera. All the manufacturing products are history.
Singapore opted to go into the service industry, which is not a wrong choice. Medical services, education and financial services, logistics etc etc blossomed. The financial services grew faster as nothing can make money faster than printing papers and cooking the books with numbers, and of course gambling. I am not referring to the two casinos. They are chicken feat. The gambling in Singapore is beyond the imagination of the ordinary masses. Gambling is big and full time by the financial institutions and banks and the so called investment agencies. You heard it, investment is the disguise or another sophisticated term for gambling big time.
During this period Singapore played tutor to China, a developing country just coming out from isolation and joining the capitalist market. China learnt everything Singapore could offer but chose a different route. China is going big bang in manufacturing, the real economy, not shuffling papers and printing digits to churn out profits.
Today, China is the factory of the world making anything from the tiniest button, screws or toothpick to mobile phones, computers, high tech equipment, satellites, military weapons, anything that is needed and wanted. The Chinese made them all and in cheaper and better quality and quantity. China is producing everything that the world needs, the real stuff, the real economy. China is also in the services, but not so much on financial services, but building infrastructures like roads, rails, high speed trains, ports etc etc, logistic services to facilitate trade and commerce, the real stuff that are needed for better life and economic growth, not the fake economy of churning out numbers for growth, not gambling. The Chinese earn every cent they could make the hard way, by making them.
Singapore prosper with the fake economy, making money without having to produce anything. Our reserves are plonked into papers, stocks and shares, derivatives, bonds etc etc. The risk, the inflated fake economy, is like a balloon waiting to be pricked. When it goes bang, everything would come down to zero, especially the artificially inflated wealth built on properties and assets. And when the fake economy goes bust, the real economy would continue to steam roll ahead.
Singapore has nothing to fall back on in the real economy other than HDB flats that have a life span of 99 years. The only real thing Singapore is producing is shit water for drinking, to compete with the likes of Evians and other natural mineral water. What else did Singapore produce? You tell me. Singapore does not even make bicycles.
The real stuff, the bricks and mortars, the consumer goods, the demand would still be there, still be needed. What would happen to the fiat currency, the fake papers and fake values and fake wealth and fake prosperity? Even our education and degrees are fake in a way. What is the point of having degrees that cannot get one a job? A genuine fake degree from the degree mills, or from funny universities, is more valuable than a genuine degree from a world class university if it can land the holder a job. This is the real economy.
Singapore opted to go into the service industry, which is not a wrong choice. Medical services, education and financial services, logistics etc etc blossomed. The financial services grew faster as nothing can make money faster than printing papers and cooking the books with numbers, and of course gambling. I am not referring to the two casinos. They are chicken feat. The gambling in Singapore is beyond the imagination of the ordinary masses. Gambling is big and full time by the financial institutions and banks and the so called investment agencies. You heard it, investment is the disguise or another sophisticated term for gambling big time.
During this period Singapore played tutor to China, a developing country just coming out from isolation and joining the capitalist market. China learnt everything Singapore could offer but chose a different route. China is going big bang in manufacturing, the real economy, not shuffling papers and printing digits to churn out profits.
Today, China is the factory of the world making anything from the tiniest button, screws or toothpick to mobile phones, computers, high tech equipment, satellites, military weapons, anything that is needed and wanted. The Chinese made them all and in cheaper and better quality and quantity. China is producing everything that the world needs, the real stuff, the real economy. China is also in the services, but not so much on financial services, but building infrastructures like roads, rails, high speed trains, ports etc etc, logistic services to facilitate trade and commerce, the real stuff that are needed for better life and economic growth, not the fake economy of churning out numbers for growth, not gambling. The Chinese earn every cent they could make the hard way, by making them.
Singapore prosper with the fake economy, making money without having to produce anything. Our reserves are plonked into papers, stocks and shares, derivatives, bonds etc etc. The risk, the inflated fake economy, is like a balloon waiting to be pricked. When it goes bang, everything would come down to zero, especially the artificially inflated wealth built on properties and assets. And when the fake economy goes bust, the real economy would continue to steam roll ahead.
Singapore has nothing to fall back on in the real economy other than HDB flats that have a life span of 99 years. The only real thing Singapore is producing is shit water for drinking, to compete with the likes of Evians and other natural mineral water. What else did Singapore produce? You tell me. Singapore does not even make bicycles.
The real stuff, the bricks and mortars, the consumer goods, the demand would still be there, still be needed. What would happen to the fiat currency, the fake papers and fake values and fake wealth and fake prosperity? Even our education and degrees are fake in a way. What is the point of having degrees that cannot get one a job? A genuine fake degree from the degree mills, or from funny universities, is more valuable than a genuine degree from a world class university if it can land the holder a job. This is the real economy.
4/22/2018
The 'good' people have the right to kill the 'bad' people
KUALA LUMPUR: A Palestinian
lecturer at a private university was shot dead as he was walking to a
surau (prayer house) near a condominium in Jalan Meranti, Setapak on
Saturday (Apr 21), according to Malaysian police.
Kuala Lumpur police chief Mazlan Lazim said that 35-year-old Dr Fadi Al Batsh was shot by one of two men on a high-powered motorcycle at a pedestrian walkway at about 6am on Saturday.
“The suspect fired 10 shots, four of which hit the lecturer in the head and body. He died on the spot. The police also found two empty bullet shells there,” he said....
Home Minister Ahmad Zahid Hamidi, said Dr Fadi was "an electrical engineer and an expert at making rockets".
Kuala Lumpur police chief Mazlan Lazim said that 35-year-old Dr Fadi Al Batsh was shot by one of two men on a high-powered motorcycle at a pedestrian walkway at about 6am on Saturday.
“The suspect fired 10 shots, four of which hit the lecturer in the head and body. He died on the spot. The police also found two empty bullet shells there,” he said....
Home Minister Ahmad Zahid Hamidi, said Dr Fadi was "an electrical engineer and an expert at making rockets".
The
Palestinian was "believed to have become a liability for a country
hostile to Palestine", said Ahmad Zahid, who is in charge of Malaysia's
security....
Read more at https://www.channelnewsasia.com/news/asia/palestinian-lecturer-shot-dead-in-malaysia-10161438
Malaysian police would request the help of Interpol to track down the suspects, believed to be European nationals....
Hamas did not accuse Israel of killing him but
called Dr Fadi a "martyr" - a word it usually uses for people killed by
Israeli forces....
Hamas has accused Mossad of assassinating one
of its drone experts - Mohamed Zouari - in Tunisia in 2016, and the spy
agency is also believed to have been behind the 2010 murder of top Hamas
militant Mahmud al-Mabhuh in a Dubai hotel.
Read more at https://www.channelnewsasia.com/news/asia/palestinian-lecturer-shot-dead-in-malaysia-10161438
The above extracts from an article in CNA said it all. The 'good' people have all the right to kill the 'bad' people and the 'bad' just have to accept this as the natural order of things. And at most they could complain but they cannot do anything about it. They are hapless, they have no legs and hands, so cannot go killing the 'good' people to stop them from killing the 'bad' people. Or is it another case of stupidity has no cure, and just resign to their fate, that they deserved to be killed? They cannot think that they can do the same thing to the 'good' people. They cannot learn how to do the things the 'good' people did to them,
The invasion of Iraq, Libya and Syria are all examples of how 'good' people go around killing 'bad' people, and not only the 'bad' people accepted this, the people of the world, the UN, also accepted this as a natural thing, a natural order of thing. 'Good' people has the right to kill 'bad' people. And they are blessed with the intelligence and resources to do it to the 'bad' people with the blessing of God of course.
Now you 'bad' people out there, what are you going to do about it? I bet you, nothing. You are damned for your own stupidity. And after the killing the 'good' people will party. This thing has been going on for decades, even centuries.
The 'bad' people somehow never learn, cannot learn, and allow history to repeat over and over again with them as the victims. If only they could do what the 'good' people are doing to them, they would be saved or at least let the 'good' people have a taste of their own medicine, to feel the pain and the loss of someone dear to them.
After Iraq and Libya, the 'good' people wanted to kill do the same in Syria to the 'bad' people. The Syrians were lucky that the Russians came in to prevent the massacre. Now the 'good' people knew that they could not do any more harm to the Syrians, they have started another plot to demonise Iran with all kinds of fake allegations, to start another war and another round of killing the 'bad' people in Iran.
War is starting soon in Iran, led by the Jews and backed up by the evil Empire.
The 'bad' people somehow never learn, cannot learn, and allow history to repeat over and over again with them as the victims. If only they could do what the 'good' people are doing to them, they would be saved or at least let the 'good' people have a taste of their own medicine, to feel the pain and the loss of someone dear to them.
After Iraq and Libya, the 'good' people wanted to kill do the same in Syria to the 'bad' people. The Syrians were lucky that the Russians came in to prevent the massacre. Now the 'good' people knew that they could not do any more harm to the Syrians, they have started another plot to demonise Iran with all kinds of fake allegations, to start another war and another round of killing the 'bad' people in Iran.
War is starting soon in Iran, led by the Jews and backed up by the evil Empire.
Little white Sheriff punching above his weight
It was reported that the little country Australia sailed its 3 teeny weeny warships into the South China Sea to demonstrate freedom of navigation. The 3 ships were challenged by Chinese navy ships for encroaching into Chinese territorial waters. The western news as usual made a hue and cry on this encounter. And the little white Sheriff declared that they would continue to do so in the future.
This little country of 22m inhabitants, many descendants of convicts from England, is strutting around like they are the policeman in this part of the world, living in a piece of land they robbed from the natives and thinking that the natives and the hundreds of millions of Asians could not do a thing to them. They would not envisage that one day the hundreds of millions of Asian marauding hordes would swarm across their stolen land and drive them into the sea, hopefully they would be able to swim back to England or Europe.
China should put a stop to this little upstart and stop trading with this little country. The little country needs the 1.35b consumers from China while China can ignore the 22 m inhabitants of this little country. And better still, if China could garner the support of Asean countries to keep this little white brat in its place, close their doors to Australian goods, then we will see what would happen.
The little white brats still cannot see much further than their nose and behaving very badly. Their godmother was wiser, and sailed HMS Sutherland quietly to South Korea without making a hooha, knowing how sensitive the presence of the name Sutherland is to China. Well, the IQs of descendants of convicts are definitely more inferior to those normal natives of England, no comparison. The Brits were also goaded by the evil Empire to demonstrate in the South China Sea. But their acute sense of judgement saw the better of them, that it was unwise to do so now that they were only an ex Empire in history. The little white Sheriff could not appreciate the changes in the balance of power and still lived in the past. Maybe the daft Asians got a part to play in this, giving it too much credit as a big country. It is not.
Asian territories and countries would be better managed by Asians, the rightful owners of their land. The Asians would take charge of their own destinies. White natives from Europe must be prepared to run back to Europe when the time comes, sooner or later.
Little white Sheriff still dreaming of punching above its weight?
This little country of 22m inhabitants, many descendants of convicts from England, is strutting around like they are the policeman in this part of the world, living in a piece of land they robbed from the natives and thinking that the natives and the hundreds of millions of Asians could not do a thing to them. They would not envisage that one day the hundreds of millions of Asian marauding hordes would swarm across their stolen land and drive them into the sea, hopefully they would be able to swim back to England or Europe.
China should put a stop to this little upstart and stop trading with this little country. The little country needs the 1.35b consumers from China while China can ignore the 22 m inhabitants of this little country. And better still, if China could garner the support of Asean countries to keep this little white brat in its place, close their doors to Australian goods, then we will see what would happen.
The little white brats still cannot see much further than their nose and behaving very badly. Their godmother was wiser, and sailed HMS Sutherland quietly to South Korea without making a hooha, knowing how sensitive the presence of the name Sutherland is to China. Well, the IQs of descendants of convicts are definitely more inferior to those normal natives of England, no comparison. The Brits were also goaded by the evil Empire to demonstrate in the South China Sea. But their acute sense of judgement saw the better of them, that it was unwise to do so now that they were only an ex Empire in history. The little white Sheriff could not appreciate the changes in the balance of power and still lived in the past. Maybe the daft Asians got a part to play in this, giving it too much credit as a big country. It is not.
Asian territories and countries would be better managed by Asians, the rightful owners of their land. The Asians would take charge of their own destinies. White natives from Europe must be prepared to run back to Europe when the time comes, sooner or later.
Little white Sheriff still dreaming of punching above its weight?
4/21/2018
North Korea - Unconditional denuclearisation
After decades of hard work and sacrifices, risking being nuked by the Americans and the Japanese, the North Koreans have developed the necessary nuclear weapons and delivery system to provide a second strike capability against anyone that nuked them first. This is the most important and safest guarantee from a fate similar to Saddam Hussein and Muammar Gaddafi after they agreed to give up their nuclear weapons plan. With the nuclear weapons and ICBMs, the North Koreans are in control of their own destiny, the guarantee of preventing a nuclear attack in their own hands. They need not trust anyone else or become dependent on anyone to guarantee from being nuked, without any fear of being betrayed or cheated.From the news in the air, Kim Jong Un is giving up all his nuclear weapons unconditionally except for a guarantee from the US that they would not nuke him and his country. This guarantee by the American President, an individual that could serve a maximum of two terms or 8 years did not cover the guarantee that other countries would also do so. Japan could nuke NK as it is not bound by this guarantee. Neither would any future presidents of the USA. They could simply turn around and say that was Trump's stupid guarantee, go ask Trump, they would not abide by it.
So, the clever or stupid Kim Jong Un is going to dismantle his nuclear facilities, the Americans are going to send their experts to check that all is done, fully verified, nothing left, and then Trump would give them his word. And Kim Jong Un would be very happy with the guarantee. And Trump and Abe would be even happier. Imagine what would happen when Trump meets Kim. Kim would say, here, take all my nuclear weapons and check all my cupboards, all empty now. And Trump would say, Good boy, and pat him on his back. I promise, as long as I am the President of the USA, NK will not be attacked, cross my heart.
And the next morning, North Korea is nuked, invaded, and Kim Jong Un murdered or hanged like Saddam Hussein or Gaddafi. End of sad story.
Is this a realistic narrative of what is going to happen to North Korea and Kim Jong Un and his family?
Prince Charles to be Head of Commonwealth
The mother of Prince Charles of UK, the Queen, hoped that her son would
become the head of the Commonwealth, a British colonial legacy. Her wish
is quite normal for any mother to want her son to be elevated to a high
office. It has nothing to do with Prince Charles ability as a leader.
In such appointments, a political office, often the appointment has
nothing to do with the merit of the person. In this case, he is the
prince of an ex colonial power. This credential will be good enough for
him, no one in the Commonwealth of nations, all ex colonies of the
British Empire will object or dare to object.
It was reported alluringly in the media that ‘The Queen received long applause from the leaders of 53 Commonwealth countries as they demonstrated their gratitude to her for service to the network she has headed since 1952. They should give her a standing ovation for colonizing their countries, robbed and looted their wealth to make Britain great, and please forget about the millions that were massacred or killed by the British colonial masters.
The leaders of these Commonwealth countries are grateful, the ungrateful would not be bothered to attend to idolize and glorify their former colonial masters. There is not only a financial debt that Britain owed to the Commonwealth countries, their ex colonies, Britain also owed a blood debt to many of them, especially their biggest colony, India and many bloodied African countries.
Many of these ex colonies would remember their days under the colonial masters dearly and affectionately. Heard of the Singapore Syndrome?
Being ex slaves of the Empire they would not question why can’t the head of the Commonwealth comes from one of them and not their former colonial master. They knew their proper place, that is, they are the servants and Britain is still their master and to be head of the Commonwealth, or Master, is the right of Britain. The slaves would always be the slave, they called this slave mentality.
PS. The Brits snubbed Modi in the photo shoot with the Queen of England at Buckingham Palace. Hsien Loong and the Sultan of Brunei, heads of two of the smallest states in the Commonwealth, were honoured with front row seats. Poor Modi was sitting in the row behind them. This is bad protocol as India was the biggest British colony, colonised for more than 500 years, suffered/cfontributed the most from the Brit's rule, so rightly should be sitting beside the Queen or beside the British PM. The Brits as usual don’t show much respect for India, just like the racist Winston Churchill.
Modi should challenge Charles as the Head of the Commonwealth and then hold the next Summit in New Delhi with Modi sitting right in the centre front row seat as Head and host of the 2020 Head of Commonwealth Summit…and put Charles standing in the back row.
The Brits are really good. After losing their Empire they continue to rule these willing slaves as head of the Commonwealth without the slaves knowing it.
It was reported alluringly in the media that ‘The Queen received long applause from the leaders of 53 Commonwealth countries as they demonstrated their gratitude to her for service to the network she has headed since 1952. They should give her a standing ovation for colonizing their countries, robbed and looted their wealth to make Britain great, and please forget about the millions that were massacred or killed by the British colonial masters.
The leaders of these Commonwealth countries are grateful, the ungrateful would not be bothered to attend to idolize and glorify their former colonial masters. There is not only a financial debt that Britain owed to the Commonwealth countries, their ex colonies, Britain also owed a blood debt to many of them, especially their biggest colony, India and many bloodied African countries.
Many of these ex colonies would remember their days under the colonial masters dearly and affectionately. Heard of the Singapore Syndrome?
Being ex slaves of the Empire they would not question why can’t the head of the Commonwealth comes from one of them and not their former colonial master. They knew their proper place, that is, they are the servants and Britain is still their master and to be head of the Commonwealth, or Master, is the right of Britain. The slaves would always be the slave, they called this slave mentality.
PS. The Brits snubbed Modi in the photo shoot with the Queen of England at Buckingham Palace. Hsien Loong and the Sultan of Brunei, heads of two of the smallest states in the Commonwealth, were honoured with front row seats. Poor Modi was sitting in the row behind them. This is bad protocol as India was the biggest British colony, colonised for more than 500 years, suffered/cfontributed the most from the Brit's rule, so rightly should be sitting beside the Queen or beside the British PM. The Brits as usual don’t show much respect for India, just like the racist Winston Churchill.
Modi should challenge Charles as the Head of the Commonwealth and then hold the next Summit in New Delhi with Modi sitting right in the centre front row seat as Head and host of the 2020 Head of Commonwealth Summit…and put Charles standing in the back row.
The Brits are really good. After losing their Empire they continue to rule these willing slaves as head of the Commonwealth without the slaves knowing it.
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In the book based on an inquiry into the nature and causes of the 2008 Global Financial Crisis entitled "FREEFALL - Free Markets and the Sinking of the Global Economy", Economics Nobel Prize Laureate (2001) and Columbia University Professor Joseph E. Stiglitz wrote:
Quote
"Finding root causes is like peeling back an onion. Each explanation gives rise to further questions at a deeper level: perverse incentives may have encouraged shortsighted and risky behavior among bankers, but why did they have such perverse incentives? There is a ready answer: problems in corporate governance, the manner in which incentives and pay get determined. But why didn't the market exercise discipline on bad corporate governance and bad incentive structures? Natural selection is supposed to entail survival of the fittest; those firms with the governance and incentive structures best designed for long-run performance should have thrived. That theory is another casualty of this crisis."
Unquote
Market failure is a common term in microeconomics to reflect the need for some form of regulations and accountability of agents (consumers and producers) in the unfettered free market when externalities, imperfect information, socially undesirable market dominance etc arise. In the area of perverse incentives in the market place, two forms of asymmetric information can be associated with such possible market failure. One, adverse selection; and two, moral hazard. To simplify the understanding of such market failure, let's take two simple examples.
For moral hazard, a similar example in day to day economic activities is that of motor insurance. Why is moral hazard considered a form of market failure and thus socially undesirable? This is because no insurance company can be certain, at the point of underwriting the motor insurance of any driver, of the future behaviour of the driver. Motor insurance companies would be OUT of Business if there is no way of ensuring the responsible FUTURE behaviour of drivers insured under them. Thus, there is this concept of CO-PAYMENT known as "EXCESS" or "DEDUCTIBLES" mechanism built into a motor insurance agreement. For example, if the excess of a motor insurance is $3,500, then any accident repair amount below that sum is fully borne by the driver/ owner of a vehicle. By having the co-payment mechanism built-in, motor insurance become feasible in the market place and minimise the moral hazard of reckless FUTURE behaviour.
In the banking sector where executives take undue risks for short term gain (such as those causing the 2008 GFC), inherently similar moral hazard exists but DOES NOT seem to be mitigated by any "co-payment' mechanism in the {perverse} incentive packages they receive.
In 1970, another Economics Nobel Prize Laureate (2001) Professor George Akerlof (husband of former FED chair Professor Janet Yellen) of University of Berkeley, California published a paper entitled "The market for 'lemons': quality uncertainty and the market mechanism" which led to the growth and research in the field of asymmetric information. This publication subsequently led to the enactment of the "Lemon Law" in many countries including the United States, Canada, Australia, and in recent years Singapore {Consumer Protection (Fair Trading) Act} where it addresses the market failure arising from adverse selection in the used car market and other consumer goods.
Now, market failure due to asymmetric information arising from moral hazard and adverse selection in different sectors of an economy is CERTAINLY NOT NEW as it can be traced as far back as 1970 which is almost half a century ago.
ALAS, in the field of banking, unfortunately and mostly, moral hazard in the area of excessive risk taking is left to the free market mechanism (as what happened during the 2008 GFC). There does not seem to have any material "co-payment mechanism" to keep the market failure of moral hazard in check. What were the consequences?
Professor Joseph Stiglitz wrote in his book "FREEFALL":
Quote
"In the great recession that began in 2008, millions of people in America and all over the world lost their homes and jobs. Many more suffered the anxiety and fear of doing so, and almost anyone who put away money for retirement or a child's education saw those investments dwindle to a fraction of their value. A crisis that began in America soon turned global, as tens of millions lost their jobs worldwide -- 20 million in China alone -- and ten of millions fell into poverty.'
Unquote
What is the lesson learned?
Quoting from Professor Stiglitz again: "We have to be wary of too facile explanations: too many begin with the excessive greed of the bankers. That may be true, but it doesn't provide much of a basis for reform. Bankers acted greedily because they had incentives and opportunities to do so, and that is what has to be changed."
In short, could perverse incentives be the ROOT CAUSE?
Professor Stiglitz made the following observations in the same book: "In peeling back the onion, we need to ask, Why did the financial sector fail so badly, not only in performing its critical social functions, but even in serving shareholders and bondholders well? Only executives in financial institutions seem to have walked away with their pockets lined -- less lined than if there had been no crash, but still better off than say, the poor Citibank shareholders who saw their investments virtually disappear."
Could it be the skewed structure of "perverse incentives"? Despite technology disruption and what not, this so called supposedly modern economic system and technological advancement in this age of AI (artificial intelligence) seems to be at a loss (and clueless) in the field of building in a mechanism of accountability and "co-payment" when potentially rogue high pay executives run amok and threatened to bring down the entire system, just as what happened in the 2008 GFC (Global Financial Crisis).