Mitt Romney - The fake politician

Mitt Romney has always come across as a fake politician. The latest gaff he made revealed it all and there is no where for him to hide. He is as good as finished in the presidential race. And this is what he said in private to his close aides.

‘There are 47 percent who are with him(the President), who are dependent upon govt, who believe that they are victims, who believe the govt has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to… you name it.’

Now what did Romney meant when he said that? This is what he said of this group of people, ‘my job is not to worry about those people.’ I think this is going to be very costly for Romney. He is trying to do some damage control which is really beyond him now. No matter what he did, the votes have gone from him.

He has now confirmed that he is a political opportunist, and a politician who said one thing in public but has a very strong disgust for the voters.

Protection against QE3

The printing of the greenbacks continues unabated. More American dollars will be flying all over the world and definitely some will land here, to gobble up some of our choice properties. Actually it is like exchanging banana currency for our real assets. It is not surprising that many of our good quality properties would be exchanged for going to be worthless paper currency called the greenbacks or the American dollar.

What is the govt going to do about this development? The Americans could just keep printing and buy up everything here. And it is not just the greenbacks as the dollar is linked to many other currencies and all will be bloated.

One thing the govt can do is also to print money Sinkie dollars to buy up more valued assets overseas, not junk stocks or bankrupt companies. And this could spare the need to fall back on the savings in the CPF. Just print like the Americans do. They buy up our island, we buy up the American continent.

Today I have done the unpleasant but necessary

Of late there were more comments filled with vulgarity for the sake of vulgarity that were simply unwarranted. Though I am very tolerant to some swear words here and there, but some bloggers appeared to be only comfortable to spice their comments with crude and naughty words. I hope they were not doing them with some private agenda, to tarnish the reputation and tone of this blog. I suspect that the intention was unfriendly.

I hope all bloggers take note that there are bloggers of all ages here and too much of the saucy stuff may be a bit uncomfortable to some. As for me, I would not want my blog to be infamous for all the wrong reasons.

Please bear with me and not to turn this blog into a smelly longkang. For those who are used to the use of naughty words and do not want their posts to be deleted by me, you are welcome to post in blogs that share the same interests and style of commentary.

Thank you.

Redbean

Opportunity for SWF to buy another fire sale company in Indonesia

“The Jakarta Post, 18 Sep 2012

Following its recent controversial verdict declaring PT Telkomsel insolvent, the Jakarta Commercial Court is asking liquidators to supervise the nation’s largest cellular operator’s assets.

The court has appointed Feri S Samad, Edino Girsang and Mohamad Solihin as liquidators to assess the company’s books and to enforce court orders to settle the company’s debts.

The court declared Telkomsel bankrupt on Friday after it failed to pay Rp 5.3 billion (US$557,000) to PT Prima Jaya Informatika, the company’s top-up voucher distributor.

Telkomsel, which is 65 percent owned by state-run telecommunication company PT Telkom and 35 percent owned by Singapore’s SingTel, has total assets worth Rp 58.72 trillion ($6.2 billion) and booked net profits of Rp 12.82 trillion in 2011.”

This is another good buy. Cheap, cheap and cheaper. Can turn around and make many times more. SWF must be queueing up to buy over this company. The dumb investors from Thailand and Holland will be looking at buying over APB and F&N and paying a high price for them. They did not know how to look out for bargains.

First world city infested with third world bed bugs

The invasion of FTs comes with the invasion of bed bugs. The notification and request for help to get rid of these pests are getting more frequent. And hopefully bed bugs are not the only pests sharing the homes of HDB flat owners. They crawl up and down the walls of flats and the flats next door. Wait a minute, heard that they are commonly found in bus seats as well. Now, what about the airline seats they flew in from?

What about hair fleas or lice? This one hops around and the closed proximity in the trains and buses are idea environment to share them around. The thought of fleas/lice already makes my whole body feeling like they are crawling all over me. We may need another few decades to make it to first world as we consolidate our gains of third world FTs living among us, including bed bugs and fleas/lice. And TB is also making an appearance in greater number.

Maybe with more integration we will get use to them and be more like them. Our population has actually grown many more millions of bed bugs, fleas and lice are included. Welcome to the new Third World city, once First World. I was joking earlier about returning to the past, to the Third World. Now it is not a joke. We got rid of many of these unhygienic pests and bragged about a clean and green First World city. It is going on a rewind down memory lane.