Conning the silly Asian Asses

The big Western banks and funds are managed by their best financial and engineering talents and are out to rob the world. They have conceived and designed the most complicated and advanced financial systems that almost guaranteed maximum profits and minimum losses to themselves. And they are selling these systems to the silly Asian Asses who bought them hook, line and sinkers. They only need to dangle the carrot of a combined war chest of several hundred billions of cash. They will bring the cash to the silly Asian Asses if the latter would abide by their terms and conditions, and how the game should be played. They can’t be bringing their war chest to give away to the silly Asian Asses for sure. They are there to rob! The American regulators have now understood how and what these reckless and irresponsible bankers are doing, gambling with high stakes, using other people’s money. They can’t lose, except other people’s money. And they stand to win and line their pockets with millions when they have control of the game. Paul Geithner in his latest speech called for an international system to prevent these rogues from gambling and robbing the innocent investors of their money. America is working out a system to tighten and regulate the activities of these big financial robbers and wanted the rest of the world to implement the same tight regulations to curb this menace. Geithner wanted to see a level playing field to prevent these rogues from moving from one country to another where the legislation and regulation are lax to enable them to do damage to the innocent. For the moment, the silly Asian Asses still have greed covering their eyes and could not see the harm and damage that these rogues could create to their financial systems even when billions have been extracted and robbed from their local investors. When would it end, when would deregulation be stopped and more regulations be introduced to protect the integrity of the financial systems across the world?

Of Glorious Past

Egypt, India and China were three old civilizations that survived the times, intact. They were once the centre of civilizations, the centre of knowledge, culture, science and engineering, philosophy and the arts. And for many centuries their people were proud of their achievements. The pyramids and astronomy were the pride of the Egyptians, the Yogas, religions and great architectural wonders were what Indians were known for, the Chinese bragged about gun powder and printing blocks. Those were their glorious pasts. Obsolete! Then a quiet industrial revolution took off in little Europe and the little countries became empire builders. They ran over the Egyptians, the Indians and Chinese and made themselves masters of these people. The great civilizations became history, and its people and culture were scorned upon as bankrupt ideas. For centuries, they became the laggards of civilizations. But their glories lived on in the minds of many, including lesser countries around the world. Many still hold them in awe as centres of learning and are sending their next generations to learn ancient knowledge and past glories that are of little relevance to the modern world. There are signs of revival in India and China, to reclaim their past greatness and be recognized again as respectable civilizations. Thanks to little Singapore, the Chinese came and learn, and brought home our model of development, studied, improved on it and adapted it for their own development. They have surpassed Singapore by leaps and bounds. And they are not looking back. What could little Singapore offer to an ancient civilization of several thousand years? Singapore may be a flash in the pan, a little light from a shooting star in the dark sky, but Singapore can be that flash of light in a sea of ignorance. Singapore may fade away fast, but it has its little moment of brightness, to light up the dark sky and to show the way. Ancient civilizations, no matter how great, will need to adapt to the changes of modernity, adapt and reinvent themselves, or they will become the ruins of history. India and China have sent many of their youngs to the centres of modern knowledge in the West, to learn from the very best, to feed, cloth and house their people, to give them a better life. If they have not done that and continue to live in their past glories, what would be the fate of their people today? Or how far could they advance if they have chosen to send their young to learn the ancient ways in Egypt? Would they be wasting their money and resources and talents to learn to live in the past, with ancient wisdom, knowledge and values?

Difficult to make distinction between new and old citizens

Is it so difficult? With the computerization of all records and data, what is so difficult? The issue is whether there is a need to differentiate new and old citizens? On face value it is easy to accept that all citizens should be treated equally and be entitled to all the rights and privileges without distinction. A citizen is a citizen. Under the law, all citizens are equal. What about citizens who did and did not sacrifice the 2 to 2 and half years in NS? What about the wealth of the nation accumulated over the years by the older citizens and bearing fruits today? Should the new citizens be entitled to all the same rewards from the earlier contributions of the old citizens especially when the sum is very significant like housing ‘subsidies’ and govt handouts like the cash being given to the citizens? Things like paying of school fees, rights to register for schools, taxes, GST, rights to vote are less ambiguous and less contentious. Should new citizens be allowed to stand for election without time qualifications? Surely there are things that must be put in the right perspective instead of promptly being brushed aside as a non issue. No need to ponder a second longer. There is another important reason why there should be a distinction. The number of new citizens minted are in such big numbers and in a furious speed that they will soon be as many as the old citizens. Is this a cause for alarm?

Slow ride to Mumbai

The train was crowded as usual in the morning. I closed my eyes after finding a spot to rest my feet and to enjoy a quiet morning ride. The air was scented by a little bit of jasmine and other flowers, and a heavy dosage of coconut oil. Then came the beat of Bollywood that filled the whole cabin to complete the experience. My fingers started tapping, and slowly my head and shoulder too responded uncontrollably to the catchy beat. My memory slided back to the 1950s. Three blocks of 4 storey flats bounded by Nelson Road and Borneo Road facing Gate 5 of the then Singapore Harbour Board were the quarters for its workers. I don’t remember that they had to pay for rent. The centre block was occupied by the Chinese coolies working as stevedores and riggers or just plain labourers. The other two blocks were homes to the Indian labourers in the same trades. Traffic was sparse and the air was quiet in the early morning hours. And sound travelled far and loud. And there was music in the air from radio in full blast. The older version beat before the times of modern Bollywood greeted everyone, and every morning, in the neighbourhood. And there was some incense too, curry and prata delighted the taste buds of morning workers. Then the speaker came on, ‘Next station, Raffles Place.’ Immediately I was brought back to the 21st Century city state. For a brief moment I thought I was heading to Mumbai. Thanks for the memory, SMRT.

People, go down on your knees

The people of Singapore, new and old citizens, must go down on their knees for this windfall of money given to them by the govt. Do they know where the money comes from or is coming from? Never mind, be grateful and just say thank you. And please stay there, on your knees and don't get up. For the next spate of price and fee increases will make your knees wobble. And you may have to be on your knees to beg for mercy. Just my imagination. It won't happen...not again and again. For those who have a gripe about treating foreigners or new citizens better, they may want to ask whether a new citizen of yesterday would also receive the full benefits of an aging citizen who have threw in his lot with this country for the last 50 or 60 years, contributing to the reserves and everything to produce this windfall? Maybe new citizens would not get the same amount, at least those who did not do NS will get $100 less. It is a very beneficial option to be citizens and be given cash just being a citizen. I think the application queue will get longer by another mile. Applying to be citizens is like applying to get free money.