Complimentary roles of the USA and China

China and the USA have been working hand in hand to restructure and redevelop the countries of the world towards a new future that no one is saying and expecting. The mission of the Americans is destruction, like mother nature, to bring down govts and infrastructure wherever they go, akin to clearing the tables. Iraq, Libya, Afghanistan, and earlier, the African states are the latest examples of countries needing reconstruction. Wherever the Americans visited, there are bound to be wars and destruction. Countries are torn apart and turned into waste land and the economy runs aground. It makes reconstruction and rebuilding easier and absolutely necessary. Thank you Americans.
 
The work of China is cut out for it. China has all the necessary skills and expertise to rebuild these broken countries. China also has the money to do it. There is nothing about politics but restoring economies in a mess, rebuilding the infrastructure and recreating the lives of the people in desperation. The experiment in modern China with all the brand new cities built over the ancient cities that were crumbling by the ravages of time is the model to look forward to. Every new and sparkling China city is a new hope that China could transplant to the broken states in Africa and the Middle East and anywhere in the world that the Americans have laid to waste.
 
Wherever and whenever the Americans moved out after their mission of destruction, China would move in to rebuild and to repair the damages left behind. China has a lot of work to do to help the destroyed and failed states to rise again, like China did for itself in the last 40 years, if they can do away with the politics of war and destruction.
 
China is the new hope for these countries, to rebuild a new world for them. One came to destroy and the other to rebuild. One destroys the lives of the people, the other to give hope for a new and better life. The world is changing in an unusual, unplanned and unprecedented way. Or is it part of the bigger scheme of things of the invisible hand?
 
It is unbelieveable! China is in Africa and moving into the Middle East, and Iraq in particular, while the Americans are moving out. The Americans and the Europeans could not be the contractors as they were together in flattening those countries and would be killed by the natives. The Chinese were a non interested party to their destruction, a neutral contractor that comes with no political strings attached. They have the money and the technology, and a competitive offer to match.

Kopi Level - Green

Time to trim wasteful spending

If the state of our CPF retirement scheme is a guide, I don’t think the country can continue to indulge in wasteful spending. It is time to cut down on vanity projects, projects of grandeur and fancy, spending on things that we don’t need, wasteful and extravagant parties, throwing money at all the foreign talents that we don’t need but good to have, etc etc.
 
Think how much we are wasting on all these unnecessary stuff and how the money can be put to good use, to better the life of the people, reduce medical cost, housing prices, lower taxes, and returning the CPF money to the people?
 
The number of foreign professors in the universities, the number of academics in the so called think tank schools of international relations, the avatar garden, the F1 and the likes, the projects and institutions that we don’t need to have, the parties and parties here and overseas, the celebrations and celebrations…. These are things that we can do without or at very much smaller scales and less frequency. And I am not talking about the extremely high salaries that are looking not only funny but ridiculous. The myth that we are getting value for money has been exposed. How many people believe that the money paid is worth it, that the receivers are really worthy of the millions being paid? It is plain excessive and unnecessary.
 
It is time to trim the sail and check the compass, where are we heading? The speed and direction are going nowhere but towards the cliff. Unsustainble! Use our reserves and spare cash wisely for the good of the people. Be prudent with public money and don’t think it is an unlimited source of fund, an unlimited supply of OPM.
 
Remember, there is no free lunch and the party must come to an end when the fun or fund runs out. Settle the CPF money with their rightful owners first and until this is done, the splurging like there is no tomorrow must stop.

Kopi Level - Green

Gilbert Goh – Singapore to learn from Australian tough immigration laws

‘….Moreover, employers have to advertise for a minimum of 6 months before they can apply for a 4-year 457 work visa for a foreigner to work in Australia.
 
Its also difficult to find any supervisor or manager who is a foreigner - the Aussies try to preserve their power base in the workforce by appointing their own people in supervisory positions.
 
I worked in a nursing home before and all the supervisors are white. This is so different from Singapore whereby many of us find ourselves reporting to foreign managers.
 
Unless the foreign labour situation improves here, Singaporeans will continue to search for greener pastures abroad.’
 
The above is what Gilbert has posted. Actually Gilbert is wrong. How can he compare Singapore with Australia? Australia is such a small country. What Singapore has is land and space. We are so big and have room for more people. We can take in at least 10m people and all we have now is 5.4m.
 
And Gilbert also forgot that we have no talents. We are a nation of daft people. So we need more talented foreigners to be our managers and supervisors. How else could we progress without these foreign talents helping us and supervising and managing our no talent population? Without them we would remain in the 3rd World, living in poverty. 


We cannot follow the tough Australian immigration law if we want to progress and have economic growth.

Who is kidding? Am I kidding? Or is Gilbert kidding?
 


Kopi Level - Yellow

Hazard Risk and Impact Assessment Unit

I think not many people are aware of this new unit set up last year within the Meteorological Service Singapore. It is tasked to study the effects of lesser known hazards like volcanic ash, radioactive fallout, tsunamis, storm surges and even particles from outer space. I am truly impressed. Singapore could be the futuristic centre of advanced science to monitor all natural and unnatural disasters in the whole world if it keeps adding on expertise and modern scientific equipment to monitor all these rare events that could affect Singapore even remotely.
 
I can think of a few more possible but rare hazards that could be added on. One is the effect of melting ice in the artics and antartics and how it would affect the world and Singapore. It may want to study the dust storms of Sahara and the Gobi deserts, the impact of glaziers in the Himalayas. It may want to have a team to study the possibility of the earth being hit by meteors and monitor the universe and life in other worlds. Oh, it may want to procure equipment to do exploration in the deep oceans as well, and to study the microbes in the deep ocean beds.
 
I think Singapore, with so much money to spare, can do a lot more to study everything under the sky, and buy all the latest equipment needed, employ all the best scientists in the world that money can buy. Why not, we have the money what?
 
How about starting a space centre to build rockets to the moon and travel the universe? We can afford it and it is only small change. What’s the big deal spending a few more billions on vanity projects and the nice to have equipment? And we can pay for all the big name scientists to sit in our little paradise island. We are already paying for so many foreign scholars in the few world class schools Schools on international relations.
Singapore is truly becoming a gem of the world in terms of attracting and paying for all the brains money can buy to be here. The money is well spent and surely would benefit the people greatly and uplift the quality of their lives. We are having a Singapore renaissance in our midst. Singaporeans are so lucky. Who says we have no money in the CPF?
 
Let us all rise to the occasion and stop bothering ourselves with mundane stuff like CPF withdrawal and minimum sums. Think big and spend big.

Kopi Level - Yellow

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