MAS tells banks to prepare for financial collapse

Simon Black, an international investor wrote in Sovereign Man, I quote his article in the above title, ‘….the deputy chair of the Monetary Authority of Singapore (Lim Hng Kiang) said last night at a dinner that “an uneasy calm seems to have settled in markets” and that “we remain in uncharted waters.”
It was pretty amazing, really, to see such pointed language from a central banking official.
Mr. Lim jabbed at the “obvious” risks and said there would be “bumps on the road” ahead. That’s putting it mildly….
 
… the US financial system back in 2009. Lehman Brothers. Wachovia. Washington Mutual. Etc. They were all swimming naked, with very little liquidity and miniscule capital levels.
Singapore’s monetary authority is obviously concerned about financial markets. They understand that you can’t expect to conjure trillions of dollars out of thin air without creating epic bubbles and even more epic consequences….
 
Central banks and institutional investors turn a deaf ear to obvious risks and fundamentals that are screaming out in desperation hoping some conservative steward will notice that we are tap dancing on a knife’s edge, where nearly every single financial market is simultaneous at/near an all-time high, and central bankers keep pumping money into economies that they claim to be ‘recovered’
 
This is the ‘uneasy calm’ that Mr. Lim discussed– a prevailing attitude that there’s nothing to see here; keep calm and buy the all-time high….
 
If a senior official presiding over one of the world’s safer banking jurisdictions wants his banks to become even safer, a rational person would certainly wonder– “What do these guys know about the financial system that I don’t?”
 
They must be expecting the mother of all busts.’
 
Could Lim Hng Kiang’s fear a tell tale sign of the things that are being reported in the US about American banks being involved in all kinds of fraudulent deals and practices? There was a Bloomberg report a few days’ back by Zeke Faux, Stephanie Ruhle and Sam Mamudi.

‘June 26 (Bloomberg) -- Money managers and brokers shunned
Barclays Plc’s dark pool, and Chief Executive Officer Antony
Jenkins pledged an urgent inquiry, after the bank was accused of
lying to clients about high-frequency trading on the venue.

Deutsche Bank AG, Royal Bank of Canada, Sanford C.
Bernstein & Co. and Investment Technology Group Inc. are among
brokerages that disconnected from the Barclays LX platform after
New York Attorney General Eric Schneiderman sued the bank
yesterday, according to people with knowledge of the matter.
Barclays falsely assured investors they would be protected from
high-frequency traders while it simultaneously aided predatory
tactics, Schneiderman’s office wrote in the complaint….’
 
Many big American and European banks have been sued and have paid hundreds of millions or billions in fines for all kinds of financial crimes that they jolly well known should not be done. Would this Barclay’s case be the one to tip the cart and everything comes crashing down? The whole international financial system and their products have been operating with dubious credibility, taking abnormal high risk, gambling, cheating and scamming their clients and getting away with it. It is only a matter of time when the law just cannot turn a blind eye to it and all the CEOs of the top banks would find themselves behind bars for condoning and allowing such criminal activities to be conducted by the banks.
 
MAS and Lim Hng Kiang must be privy to many inside information of the ugly truths that are not reported in the media and must have the common sense to know that it will not be long when the whole financial system imploded under the management of crooks and thieves. Everything is looking too good to believe and the amount of so called profits they are generating to pay themselves crazy cannot be real. The banks are making more profits than the casinos in Las Vegas, Macau and Singapore. How could they do better than casinos? Think about it. Some smarter countries are turning to the yellow metal to hedge against such an eventuality when all paper money will become worthless.
 
How long to go before the big collapse is anyone’s guess. MAS must be worrying.

Kopi Level - Yellow

Avoid Japanese food products and travel to Japan

Fw: This Shocking Report From Fukushima Will Leave Your Jaw On The Floor

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Japanese food products and the whole of Japan is highly and dangerously contaminated with nuclear radiation. Stop taking Japanese food products and avoid travelling to Japan for holidays unless you are courting death. Stop patronising all Japanese restaurants for your own safety. Go through the video which is scary and self explanatory.

Decide yourself whether you still want to travel to Japan for holiday where you may consume the foods which were contaminated with radiation during your stay there, as the Japaneses government is covering up the truth and permitting the contaminated raw food to be sold not only there but also exported.

 

Subject:  This Shocking Report From Fukushima Will Leave Your Jaw On The Floor

 

http://trendinghot.net/this-shocking-report-from-fukushima-will-leave-your-jaw-on-the-floor/

Japanese brutal atrocities against the Chinese. It is time for revenge. The Japanese led by Abe and back by US will commit the same crime against we Chinese people. A are

刚解禁照片？中国人都应该看看！！！

解禁照片？对日本态度原本中立的我看了很震惊，是中国人你就转！中华民族不可辱，强我中华，壮我中华。文以载道，富于精武。灭了狗日的……

国家再怎么发展，也别忘国耻，我们要爱自己的国家，爱我们的人民，有了稳定的国家，强大的国家，有一颗爱国的心，我们就永远不会被别人欺负，看看我们一些先辈们被欺负的惨境，激励我们中国人永远努力奋斗，前进，让我们祖国强大，再也不要让我们中国人受到别人的欺负 .

被解禁的历史照片

解禁的照片戰功圖：3歲嬰兒被用刺槍挑起

bayoneting of 3 year old baby
活着的戰士被剥光腿上的肉

Carving out the leg muscles of a Chinese soldier
傳說中的毒氣實驗

The notoriouspoisonous gas experiment

孩子有錯嗎

What crime had the children committed?!
我不知道還能再說什麼了

What else could I say? They were all innocent children!
人心下酒，也就日本人能喝下去。

Only Japanese soldiers could wash down the heart of a martyr with sake

Another female martyr

懷孕多數時間意味着生命的終結

Even pregnant women were round off for army protitues
人啊！

I am also a human being!!
從他的微笑可以看出來。。這是這名日本兵的驕傲，但對於中國人來說。。。。

So proud of his work!

不明白為什麼那麼多中國女孩特崇拜日本明星

I cannot understand why young Chinese girls still crazy for Japanese actors nowadays!
無語
The proud accomplishment of the Japanese soldier!

這些可是良民，他們不相信自己會死

They never realized they were to be used as life targets!

良民被作為活靶子使用

Practicing on life Chinese civilians as targets!

看，這就是武士道

20世紀的中國人是一種悲哀

Real Chinese tragedy of the 20th century

他們的願望是：來生不是中國人！

Her last wish was not to be a Chinese in her next life

心裡你們在怎麼想

What are you thinking, soldier?

只有拿中國軍官的頭能換錢

Only the head of a Chinese officer could exchange for money

朋友，别哭

Don’t cry. This is only bayonet practice!
人頭展示1

Robotic pets as companions

‘During the APEC TEL Workshop & 9th IAC forum held at NUS today (16 Jun), the Infocomm Development Authority (IDA) told the media on the sidelines it is exploring high-tech gadgets like robotic pets to keep the elderly company.

IDA said that it is looking into using high-tech gadgets like wearable monitoring devices, robotic legs and pets to help Singaporeans cope with ageing.

The forum aims to use technology to improve daily living for seniors….

Paro is modeled on a baby seal and has been listed by Guinness World Records as the most effective therapeutic pet of its kind. It has an array of sensors, and is said to be capable of developing a personality over time that corresponds with how people interact with it. It is priced at close to US$6,000 per unit.

However, not everyone is agreeable to using robotic pets as company for the elderly. Thw Wall Street Journal reported that Paro is being used in some nursing homes in the US [Link].

“If you give me a robot that helps perform mundane tasks associated with care giving, such as vacuuming or doing the dishes, I’m all for that,” says Dr. Thomas, founder of the Green House Project, a campaign to make nursing homes smaller and more like regular houses. But “if we wind up with nursing homes full of baby-seal robots, the robots will be trying to fulfill the relationship piece of care giving, while the humans are running around changing the beds and cooking the food.”

Sherry Turkle, a professor in the Science, Technology and Society program at MIT, warns against regarding it as a companion. “Why are we so willing to provide our parents, then ourselves, with faux relationships?” she asked.

Lakewood Manor, a continuing-care retirement community in Virginia state, borrowed a Paro from the distributor but sent it back after 3 months. A spokesperson said, “I think the staff took to him more than the residents did.”’


My simple comments would be to design human like robots for the seniors to keep them company. If we as humans, or children, could not be near them, give them some realistic humanoids to keep them company, to amuse them. I am sure hugging a male/female humanoid to sleep beats hugging silly robotic seals or pet dogs?

Are we that crazy or naïve to think of spending $6,000 on a robotic seal toy?

Oops, my apologies, this whole thing is meant to be a joke. Don’t take it seriously. Those who are serious need to visit the IMH.

I heard that this robotic pet idea came from Japan. But I think they prefer real comfort women but selling expensive robotic pets to the daft in exchange for their money.

PS. Sunday is time to relax and be dumb for a while.

Kopi Level - Yellow

Cognitive Dissonance is a national psyche

I wrote earlier about how the people in this democratic state are not ready for democracy and how the govt too is not ready for democracy in an article, Singapore is a Democracy. This is a kind of Cognitive Dissonance in the people’s psyche. This could be an Asian think, having been seduced by the western concept of democracy but unable to unload the centuries of reinforcement in the idea of authority and the fear of authority.

In democracy, the authority of the state is transferred from a kingship or dictatorship to the people, or at least in a temporal mode and vacillating to and fro at different stages of political change. This concept of having authority over the ruler, personified in an individual or a few individuals represented by a political party is still a very scary and confusing thought to the masses. They did not know how to use this authority and fear the power of this authority and would be most happy to hand it over to the people they elected to power and to obey as their psyche expected them to. The rulers elected to power also assume power like a mandate of heaven and have no qualms in using that power, even believing that it is there for good.

This state of inexplicable balance in the rulers wielding exceptional power in a democratic state, and a people so docile and so used to defer to the power of the rulers has been in existence since the island became an independent state and professing democracy as the nation’s guiding political philosophy. The state is comfortable in wielding the power the people willing surrender by default, governed by their sub conscious of being and a cultural upbringing. It is just like that and all is well. The state decides, dictates, and the people accept and abide by the decisions of the state. Compulsion becomes an acceptable norm in policy making. The people need not know, the state knows best and there is no need for the state to be transparent in all things. Some of the naughty people may ask insensitive questions or questions that they know would not be answered. They will ask and they will be ignored.

The CPF saving scheme is all about compulsion and the power of authority. It started with a compulsory saving scheme introduced by the state with a reasonable set of terms and conditions. There was limitation of power despite the compulsive nature of the scheme and it was accepted as a necessary instrument of living a life with some financial certainty. Over the years many terms and conditions were changed, authoritatively, decided unilaterally by the state, with little or no resistance from the people. More and more compulsory schemes were introduced as a matter of fact and right of the state to do so.

After the 7 Jun Return My CPF rally in Hong Lim, things begin to change. There were articles saying that Singapore is at a cross road, there is a more compelling reason for change, a change of govt and all its unpopular policies. The CPF Protest Rally is not about the CPF alone. It is a challenge to the conditioned psyche of the people. It is the thinking of the people that is at a cross road. They have been dragged by their noses, not to question the power of the state, how far could the state go in compelling its people to accept policies without the need of the people’s consent.

The people are demanding their right to run their own lives, to manage their own money, to limit the state’s unbridled monopoly to decision making that affects their lives, from cradle to grave. The people are pushing back the power of the state, demanding the state to redefine the limits of its power over them. The state or the political leaders are rocked out of their comfort zone. They have been making decisions without the need to consult the people, to decide first and no need to talk later. The Govt or state knows better and shall decide what it thinks is best. Some even openly declared that they would do it the way they think best, no need to listen to the people, a kind of superior beans or more than mortals. They have all the answers.

How far would this discourse and challenge to what the govt or state can do, how much power they are allowed to possess, and whether can they afford to do as they pleased without the consent of the people, is just emerging. The people are taking cognitive resonance to their rights and the rights of the rulers. The rulers too would have to re assess how far they can go it alone, ignoring the wishes and interests of the people. The balance has been shaken and things are getting shaky. Would there be a new balance or would it be all the same after this flash in the pan labour pain? Is there an awakening of the people to what democracy is all about, that power over the people is not absolute and unrestrained, unlimited?

Is Singapore at a cross road, a psyche change in the making?

Kopi Level - Yellow