Many of the older generations would remember the fame Gemini Chit Fund of the 1970s when depositors were promised high returns for their savings. Like all cheat funds, once an institution goes down the road of cheating, its days are numbered. No cheat funds can last for long.
The cheat funds operate on a very simple business formula. Get in as many depositors as possible like the Ponzi game. The fictitious payout can continue from getting more new depositors even if the investments of the collected money are not making good returns. Making lesser returns than the payout is making a loss. And some may wonder if the collected money were actually invested. There is no need to if more new money is flowing in. And in those days the cost of rental and payroll were minimal unlike today.
Cheat funds are limited in what they can do. If they can as they please, cheat funds can really go on in perpetuity as long as the conditions for more funds to flow in is non stopped. Cheat funds would be very pleased if they could keep on increasing their contributing members from 1m to 2m to 5m to 10m and ever increasing. This is the first part of the equation.
Cheat funds could also stop or delay their payouts by encouraging depositors to reinvest their profits ala bucket shop. One sound product is housing. Cheat funds can sell housing in short leases of 30 years or 60 years. The shorter the better as the money invested in these leases will eventually come to zero at the end of the lease even if the property prices could peak at several millions in between. There is an end game in property leases.
Other products that cheat funds can sell to their depositors include insurance for life and medical. In the case of life insurance, they must attempt to convince their customers that their lifespan is forever, or the longer the better. The trick is to keep the money in. And innocent laymen would love to hear that they can live forever, undead, and would need to park more money for their days of being undead.
Medical insurance is also a good product when medical bills are getting more expensive. The cheat funds could even set up their own hospitals and sell their own insurance. It is kind of ‘pau ka liau’ business. And the effect is the same. Every cent collected will be kept inside the vault.
Today, cheat funds could actually operate more effectively and efficiently with more products and schemes to entice and trap the depositors. It is a good and very profitable business as long as there is no run on the fund and the number of depositors keeps on increasing.
Time to revive the Gemini Cheat Fund and calling it any other name will do. A rose is a rose whatever you call it.
3/22/2012
3/21/2012
How to justify or defend a mass murderer?
Robert Bales is a good man. He is a wholesome family man who loves children. He is also the man who massacred 16 Afghan civilians, including children, in a killing spree. And the American public was shocked. They could not see it coming, just like they could not see the American soldiers killing hundreds of thousands of Arabs and Afghans in the two wars, including civilians, old folks and children. And they are still killing them today and tomorrow and until they stop the massascre. They only think that it is a war and the casualties on the other side, they called it collateral, a term the bankers used, inanimate.
America is country of murderers, committing murders everyday in the name of their national interests. And killing their tagged enemies is a way of life. The whole nation has been taught and fed with the doctrine that war is the right of the Americans, and killing other people is only a natural thing. But killing Americans is abnormal, unacceptable. Robert Bales will not kill American children. He will carry them and kiss them. As for aliens who are branded as enemies, it is fair game.
According to an article in mypaper today, David Brooks of The New York
Times, I quoted, ‘The monstrosities of the world are caused by the few people (like Hitler or Idi Amin) who are fundamentally warped and evil.’ How blind can he be? No, he is not blind. He is just American. He could not see the real monsters that were killing the Iraqis and the Afghans were George Bush and Obama and their colleagues.
Maybe they were in Iraq and Afghanistan hunting for bears. Who are the warp and fundamentally evil people today?
America is country of murderers, committing murders everyday in the name of their national interests. And killing their tagged enemies is a way of life. The whole nation has been taught and fed with the doctrine that war is the right of the Americans, and killing other people is only a natural thing. But killing Americans is abnormal, unacceptable. Robert Bales will not kill American children. He will carry them and kiss them. As for aliens who are branded as enemies, it is fair game.
According to an article in mypaper today, David Brooks of The New York
Times, I quoted, ‘The monstrosities of the world are caused by the few people (like Hitler or Idi Amin) who are fundamentally warped and evil.’ How blind can he be? No, he is not blind. He is just American. He could not see the real monsters that were killing the Iraqis and the Afghans were George Bush and Obama and their colleagues.
Maybe they were in Iraq and Afghanistan hunting for bears. Who are the warp and fundamentally evil people today?
Cyberspace a threat to national security
Chee Hean is talking about the danger of cyberspace as a threat to national security with bloggers posting all kinds of vicious remarks on race and religion. So what, clamp it down? The problem is not really cyberspace but race and religion themselves, and of course the individuals who are there to propagate hatred and mischief. And they are out there, with or without cyberspace. Race is divisive and so is religion. But race is something that is a natural development and without provocation, without politicization, different races can live peacefully together. The most successful country in peaceful racial coexistence is China. Ha, all the eyes popping out.
China has 56 ethnic racial groups and all have been living fairly comfortably together for centuries. The stereotyping of China in the West as a country where minorities are victimized and discriminated is a Western myth that the dull have been fed with for the last few centuries of colonization. Their minds and thinking are still subjects of the colonial powers. The truth is far from it. Tibet and Xinjiang were often brandished as examples of domination and suppression of minorities in the two regions. What is happening is politics and also religious antagonism. Books can be written to discuss such issues into perpetuity.
What were more troublesome are the entrenched and etched beliefs of religions in their holy books. Only the three proverbial monkeys would fail to see the destructiveness and divisiveness in these books. Unless they are edited out from the ‘holy’ books, religion will be the main source of conflict and intolerance. They are not the words of Gods but words of vicious bickering men of the past, for self preservation, self righteousness and the destruction of others as their enemies. Be with us and like us or you shall be killed or destroyed. But many choose to lie that such doctrines are non existence. They are just like the blind monkeys.
And it is exactly the presence of such doctrines that made religious conflicts unavoidable and peaceful co existence difficult. Those who succumbed to political pressure to co exist are violating the very true teachings of their religions that preached mutual exclusivity. Don’t tell me that I am lying. The truth is ugly. Until the ugly truth is acknowledged and done away with, man is just deceiving themselves that there is no evil.
It is not the internet or cyberspace that is at fault. And what have been posted in cyberspace against various religions is unstoppable. Those who want to view them to seek justification and assurance that their evil ways is the right way will seek them with or without regulations. And the vicious and dangerous will find their way, and cyberspace is not to be blamed. Without cyberspace, there are many printed material available and many walking interpreters and authorities of religious books will be there to spread the good news.
The education and emancipation of the mind from the medieval thoughts of old when killing on religious ground is righteous, is God’s will or God’s command, is the only solution. Free the people from the clutches of the primitive past. Update their thoughts and values to that of modern and more civilized world. It is so sad that modern civilizations are still entrapped by the small minds of ancient illiterates and ignoramus and to live by their evil words.
Who are we bluffing? The internet is now the new devil?
China has 56 ethnic racial groups and all have been living fairly comfortably together for centuries. The stereotyping of China in the West as a country where minorities are victimized and discriminated is a Western myth that the dull have been fed with for the last few centuries of colonization. Their minds and thinking are still subjects of the colonial powers. The truth is far from it. Tibet and Xinjiang were often brandished as examples of domination and suppression of minorities in the two regions. What is happening is politics and also religious antagonism. Books can be written to discuss such issues into perpetuity.
What were more troublesome are the entrenched and etched beliefs of religions in their holy books. Only the three proverbial monkeys would fail to see the destructiveness and divisiveness in these books. Unless they are edited out from the ‘holy’ books, religion will be the main source of conflict and intolerance. They are not the words of Gods but words of vicious bickering men of the past, for self preservation, self righteousness and the destruction of others as their enemies. Be with us and like us or you shall be killed or destroyed. But many choose to lie that such doctrines are non existence. They are just like the blind monkeys.
And it is exactly the presence of such doctrines that made religious conflicts unavoidable and peaceful co existence difficult. Those who succumbed to political pressure to co exist are violating the very true teachings of their religions that preached mutual exclusivity. Don’t tell me that I am lying. The truth is ugly. Until the ugly truth is acknowledged and done away with, man is just deceiving themselves that there is no evil.
It is not the internet or cyberspace that is at fault. And what have been posted in cyberspace against various religions is unstoppable. Those who want to view them to seek justification and assurance that their evil ways is the right way will seek them with or without regulations. And the vicious and dangerous will find their way, and cyberspace is not to be blamed. Without cyberspace, there are many printed material available and many walking interpreters and authorities of religious books will be there to spread the good news.
The education and emancipation of the mind from the medieval thoughts of old when killing on religious ground is righteous, is God’s will or God’s command, is the only solution. Free the people from the clutches of the primitive past. Update their thoughts and values to that of modern and more civilized world. It is so sad that modern civilizations are still entrapped by the small minds of ancient illiterates and ignoramus and to live by their evil words.
Who are we bluffing? The internet is now the new devil?
3/20/2012
Before Uncle Sam starts a new war…
This is the title of an article by Bill Keller, a New York Times columnist, appearing in the Today paper. Though he admitted, in his view, that America was wrong in the wars in Iraq and Afghanistan, his approach is that it is America’s right to start wars under whatever assumptions or false assumptions. Starting wars to the Americans is like having a basketball game. They called it military ventures, regime change or whatever, but not killings, murders or genocide. And he quoted with a bit or regret, the cost of the wars to the Americans, US$3 trillion at least, and the thousands of Americans killed or disabled and the stress on the American soldiers. Not a hint of regrets or sadness on the destruction of countries and the hundreds of thousands of foreign civilian casualties. The foreign deaths maimed don’t matter. They are not Americans or not even humans.
And what were the reasons for the Americans to start wars to kill innocent people? The first justification, 911, was a good reason if they knew who did it, and a righteous shoot. But what other reasons? An obligation to defend an ally, right or wrong. Fighting for economic reasons. This one is very dangerous like accusing countries for blocking sea routes when nothing of sort actually happened. Start wars in the name of American values, promoting American doctrine, freedom and way of life which are alien and have nothing to do with the invaded countries.
Helping rebels to topple govts. This one is just as dangerous as every country will have a small group of dissidents and rebels that opposed the legitimate govt. The ‘freedom agenda,’ overthrowing of dictators, or opposing countries that are hostile or unfriendly to America. The latter can mean anything. A country that refuses to trade or support American agenda can be hostile to American interests. Actually anything under the sky can be a good reason for the Empire to start a war and invade the country. And the Empire is accusing other countries of being aggressive, expansionist and trouble maker, cannot be trusted, irresponsible, and even having their own technology for rocketry and military weapons are reasons to be attacked.
And America can do that, talk like an asshole, a big gangster, because it carries the big stick and can hit at the small countries knowing that they are unable to hit back. The safest thing that small countries can do to avoid being attacked or invaded is to develop the nuclear capability. But this is risky as any attempt to do so would lead to a pre emptive strike by the most responsible and friendly nation on earth. Ha ha ha.
But what else can the smaller countries do? Send hit squad to kill Americans in all corners of the globe as long as they are Americans and conduct a brutal borderless war on all Americans any where, any time? The only way to deal with the Empire is the ability to hit back, to strike back where it hurts. Appeasement and weak defense capability will be seen as weaknesses and inviting for more attacks. The Empire will be trigger happy knowing that it can hit anyone who cannot hit back.
And what were the reasons for the Americans to start wars to kill innocent people? The first justification, 911, was a good reason if they knew who did it, and a righteous shoot. But what other reasons? An obligation to defend an ally, right or wrong. Fighting for economic reasons. This one is very dangerous like accusing countries for blocking sea routes when nothing of sort actually happened. Start wars in the name of American values, promoting American doctrine, freedom and way of life which are alien and have nothing to do with the invaded countries.
Helping rebels to topple govts. This one is just as dangerous as every country will have a small group of dissidents and rebels that opposed the legitimate govt. The ‘freedom agenda,’ overthrowing of dictators, or opposing countries that are hostile or unfriendly to America. The latter can mean anything. A country that refuses to trade or support American agenda can be hostile to American interests. Actually anything under the sky can be a good reason for the Empire to start a war and invade the country. And the Empire is accusing other countries of being aggressive, expansionist and trouble maker, cannot be trusted, irresponsible, and even having their own technology for rocketry and military weapons are reasons to be attacked.
And America can do that, talk like an asshole, a big gangster, because it carries the big stick and can hit at the small countries knowing that they are unable to hit back. The safest thing that small countries can do to avoid being attacked or invaded is to develop the nuclear capability. But this is risky as any attempt to do so would lead to a pre emptive strike by the most responsible and friendly nation on earth. Ha ha ha.
But what else can the smaller countries do? Send hit squad to kill Americans in all corners of the globe as long as they are Americans and conduct a brutal borderless war on all Americans any where, any time? The only way to deal with the Empire is the ability to hit back, to strike back where it hurts. Appeasement and weak defense capability will be seen as weaknesses and inviting for more attacks. The Empire will be trigger happy knowing that it can hit anyone who cannot hit back.
Competing estates
Stop snatching away my estate in the name of progress. Stop destroying our history in the name of convenience. Stop violating my right to rest in peace. These are some of the cries rising from the ground of Bukit Brown. The estate of the dead and their descendants are being encroached for some stupid road to smoothen traffic flow and convenience.
The critics would argue, what is more important, the flow of cars or the history behind the once people buried there? Every one of them was a part of our history, something gone but preserved only waiting to be bulldozed away.
The livings are now competing with the dead for their estates. And the dead obviously would lose unless they unleash their unseen spiritual power to make the livings go down on their knees. This is what we called disturbing the peace. Why can’t we let them live in peace?
We do not have to come to such a state if we have been more prudent, less greedy, and more sensitive to our past and our future. The human greed of today, in the name of progress, is going to destroy everything that will allow the human beans to live a little longer. Destruction of mother earth, unrestrained consumption of resources and livestock will deplete them doubly fast. We are still clamouring for more.
We want more progress. Progress is good. Don’t you want progress? The sheep sheepishly say yes without knowing what progress means, what progress entails. In its simplest form, it is like a glutton eating himself to a faster death with all the associated illness of fat, obesity, high blood pressure and cancerous growth. That is basically what this material progress is all about.
It is not a wholesome thing. It has nothing spiritual, nothing about the general well being of the people and the land. It is stupidity at its highest unthinking level. Progress to them is material acquisition, material well being, money, concretes and every little invention that are really worthless to a holistic and fulfilling life. What is so great about owning the latest ipad or iphone, to play games and watch TV? What is so great about that expensive pet? What is so great about the tenth luxury cars? Things in excess become meaningless. Gates and Buffett knew.
Living and the meaning of living, the well being of the human beans is not just a mad scramble for money, for economic growth, for more concrete infrastructure, for lesser space to live on.
If we have stopped this crazy progress thing earlier, we would not have to quarrel with the dead for their little piece of real estate. There will be plenty to go around. Now we say not enough. And at the same time we keep bringing more people to stake their claims for more space and real estate.
Progress is really wonderful when you don’t think about it. Unfortunately the dead could not offer their real estate at market price. They and their descendants should sell the piece of real estate en bloc to the highest bidder and benefit from the profits of the sale. Why should they give up their real estate to benefit the motorists in the name of progress?
Robbing the dead or disturbing the peace?
The critics would argue, what is more important, the flow of cars or the history behind the once people buried there? Every one of them was a part of our history, something gone but preserved only waiting to be bulldozed away.
The livings are now competing with the dead for their estates. And the dead obviously would lose unless they unleash their unseen spiritual power to make the livings go down on their knees. This is what we called disturbing the peace. Why can’t we let them live in peace?
We do not have to come to such a state if we have been more prudent, less greedy, and more sensitive to our past and our future. The human greed of today, in the name of progress, is going to destroy everything that will allow the human beans to live a little longer. Destruction of mother earth, unrestrained consumption of resources and livestock will deplete them doubly fast. We are still clamouring for more.
We want more progress. Progress is good. Don’t you want progress? The sheep sheepishly say yes without knowing what progress means, what progress entails. In its simplest form, it is like a glutton eating himself to a faster death with all the associated illness of fat, obesity, high blood pressure and cancerous growth. That is basically what this material progress is all about.
It is not a wholesome thing. It has nothing spiritual, nothing about the general well being of the people and the land. It is stupidity at its highest unthinking level. Progress to them is material acquisition, material well being, money, concretes and every little invention that are really worthless to a holistic and fulfilling life. What is so great about owning the latest ipad or iphone, to play games and watch TV? What is so great about that expensive pet? What is so great about the tenth luxury cars? Things in excess become meaningless. Gates and Buffett knew.
Living and the meaning of living, the well being of the human beans is not just a mad scramble for money, for economic growth, for more concrete infrastructure, for lesser space to live on.
If we have stopped this crazy progress thing earlier, we would not have to quarrel with the dead for their little piece of real estate. There will be plenty to go around. Now we say not enough. And at the same time we keep bringing more people to stake their claims for more space and real estate.
Progress is really wonderful when you don’t think about it. Unfortunately the dead could not offer their real estate at market price. They and their descendants should sell the piece of real estate en bloc to the highest bidder and benefit from the profits of the sale. Why should they give up their real estate to benefit the motorists in the name of progress?
Robbing the dead or disturbing the peace?
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