Another October crash?

Read below article. It is so important that I am quoting the whole article here.
Dear Family,
 
With the Year Of The Jubilee On Oct 3, 2016 comes the “divine reset”. Over the years I have been teaching @ PATMOS that Europe will soon come under divine judgment for what they did 70 years ago. When we speak of Europe we can’t help but speak of the EU the heart of Europe and when we speak of the EU we can’t help but speak of the soul of the EU – Germany. And in speaking of Germany we can’t help but speak of the spirit of Germany – the Deutsche Bank.
Has the judgment begun – we will have to wait and see BUT for now the handwriting is on the wall. Read on.
Ps. George Annadorai

Deutsche Bank Collapse: The Most Important Bank In Europe Is Facing A Major ‘Liquidity Event’ ( Bloomberg )

Posted: 30 Sep 2016 04:42 PM PDT

The largest and most important bank in the largest and most important economy in Europe is imploding right in front of our eyes. Deutsche Bank is the 11th biggest bank on the entire planet, and due to the enormous exposure to derivatives that it has, it has been called “the world’s most dangerous bank“.

On September 16th, the Wall Street Journal reported that the U.S. Department of Justice wanted 14 billion dollars from Deutsche Bank to settle a case related to the mis-handling of mortgage-backed securities during the last financial crisis. As a result of that announcement, confidence in the bank has been greatly shaken, the stock price has fallen to record lows, and analysts are warning that Deutsche Bank may be facing a “liquidity event” unlike anything that we have seen since the collapse of Lehman Brothers back in 2008.

But the size of the fine is not really the issue now. Shares of Deutsche Bank have fallen by more than half so far in 2016, and this latest episode seems to have been the final straw for the deeply troubled financial institution. Old sources of liquidity are being cut off, and nobody wants to be the idiot that offers Deutsche Bank a new source of liquidity at this point.

As a result, Deutsche Bank is potentially facing a “liquidity event” on a scale that we have not seen since the financial crisis of 2008. The following comes from Zero Hedge…

The more the stock price drops, the faster other financial institutions, investors and regular banking clients are going to want to pull their money out of Deutsche Bank. And every time there is news about people pulling money out of the bank, that is just going to drive the stock price even lower.
In other words, Deutsche Bank may be entering a death spiral that may be impossible to stop without a government bailout, and the German government has already stated that there will be no bailout for Deutsche Bank.

Banking customers have a total of approximately 566 billion euros deposited with the bank, and even if a small fraction of those clients start demanding their money back it is going to cause a major, major crunch.

One of the reasons why Deutsche Bank is considered to be so systemically “dangerous” is because it has 42 trillion euros worth of exposure to derivatives. That is an amount of money that is 14 times larger than the GDP of the entire nation of Germany.

The complete and total collapse of Deutsche Bank would be an event many times more significant for the global financial system than the collapse of Lehman Brothers was. Global leaders simply cannot afford for such a thing to happen, but without serious intervention it appears that is precisely where we are heading.

Public forum on Elected President cancelled

For the first time, a public forum organized by Reach, a govt organization, has to be cancelled due to poor response. This is despite that Shanmugam and Chee Hong Tat being the key speakers. What does it say, no Singaporeans bother to know what the changes to the Elected President are all about, or Shanmugam could not attract enough people to listen to his important talk?  Is PAP losing the ground, that a PAP talk had to be cancelled due to poor response?

Actually how many people signed up and how many people were they expecting to decide that attendance was poor and therefore better to cancel it to avoid the embarrassment of Shanmugam and Chee Hong Tat talking to 4 people or 20 people? So far it was reported that an Adrian Tan and his family had signed up. Who else had signed up? How many people had signed up? Not sure.

Oh, I just found out that Adrian Tan is actually Tan Cheng Bock, the ex PAP MP, one of the 4 presidential candidates in the last President Election, and the only one so far that had announced that he would be standing for the EP election. And everyone knows that he is likely to be disqualified this time. Unfortunately Cheng Bock did not know, or he did know and want to clarify or confirm with Shanmugam during the forum if he is still qualified to stand.

Actually it would be so easy to get a few bus loads of senior citizens or RC members or even PAP supporters to attend. Just send down a directive would do the trick. Oh, have they forgotten about the chicken rice trick?

I hope the poor attendance is not because the forum was not important. I also hope it was not because the people are fed up with the PAP and boycotting the forum. Now who were these people that were boycotting the forum, supporters or opposition believers?

This sounds like another miracle. A PAP organized event had to be cancelled for poor attendance.Really unbelievable. Or is it because someone is not welcome in PAP functions?

What is the true meaning of military alliances?

 

Many countries are signing military alliances with the Americans and having war games with the Americans, practicing how to conduct joint attacks against American’s enemy countries. The war games sound so innocent, like playing computer games but actually a preparation for war, to attack and invade

Not many people are thinking about the significance of war games and military alliances with the Americans. Duterte is standing up to enlighten the unthinking about military alliances and war games. Signing military alliances with the Americans is as good as signing up your enemies, identifying your enemies and declaring to your enemies that they are your enemies. And conducting war games is now very clear. It is about attacking and invading your enemy countries.

The Americans are practicing to conduct war with their allies. And when the Americans go to war, the allies will be part of the American coalition of invaders. And all the soldiers and military hardware of the allied countries would come under the American command. Now it makes sense why they sell weapons to their allies. They did not only make money from it, the weapons would be used eventually to fight on the side of the Americans.

Duterte did not want any of it. Duterte did not want to sign up enemy countries. Duterte did not want to antagonize other countries by conducting war games against them. A friendly country does not keep provoking its neighbours by conducting war games and signing military alliances that said we are your enemy.

Why would countries preach peace, but sign military alliances, conduct regular war games and sell military weapons everywhere? For peace?

Now the Philippines are being threatened by the Americans to honour their treaty obligations. If not more pressure will be exerted on ‘abuses’ especially on human rights and killings of drug lords and peddlars. The Americans are also threatening to rein in the purse strings, ie, no more aids, no more antique warships for the Phi8lippines. Can the Philippines get out of the military treaty signed? It is a case of you can say you want out but you just cannot leave, once you are in?

One funny question to ask, who had invaded the Philippines and colonized the Philippines in the past? China! Wrong, idiot. Next. China! Wrong again, stupid. The first country that invaded and colonized the Philippines was Spain. The next country was the USA. The Americans did the same, conquered and colonized the Philippines. Anymore? It’s Japan. The Japanese also conquered and colonized the Philippines and in the process massacred hundreds of Pinoys like the Spaniards and the American invaders. And some daft Pinoys are asking the Japanese and the Americans, their colonial masters and murderers of their forefathers, to protect them from China!

Has China ever invaded and colonized the Philippines?

No talent Singapore helping full of talent India

Singapore is going to help train 400 million skilled Indians by 2020. Should I say steady lah Singapore, or funny lah Singapore? We are now well known to be a little country lacked of talents and most of our talents are coming from India. We have imported talented Indians to fill top positions in banking and finance, in IT, in medicine, in law, in teaching, in the civil service, in every industry that you can think of.  I thought Yaacob did a very good job cleaning up Singapore River and should be sent to India to clean up the Ganges. No? Did we send all our experienced train engineers to India and ended with the daily breakdowns with our own trains, no local talents left?
Now we are going to help to train Indians to upgrade their skills? How? Are we going to send back all the Indian talents we recruited from India back to India to train and up skill the Indians in India?
Does it make sense? On careful study and some deep meditation I found the answer. Yes, it makes sense. The key word is ITE. It is the low technical skill level that India needs and we have plenty from our ITE Education Service. At this level we are surely competent, more than adequate to train the low skill Indians.
For the higher skill and talented Indians, we would continue to import more of them here. We need them badly. Maybe the terms and jobs in the CECA should be extended for more Indian talents to work here to replace the no talent Singaporeans.  And we can send our displaced no talent Singaporeans to India to help them and build smart cities for them. Oops, no talent Singaporeans to build smart cities? Make sense or not?
This is mind blowing stuff. The more I think about it, the more blur I get. No talent Singaporeans teaching highly skilled and talented Indians?

The farcical Hague rulings on SCS is dead

 

The Philippines did not want to talk about it. Vietnam too is quietly staying away with Chinese investment pouring into Vietnam. Malaysia, after Najib being attacked by the Americans, is also distancing itself away from the kangaroo court rulings. Brunei is smart enough not to be used as a clown by the Americans and the Japanese and embroiled in a dispute that would only drag it into a shit hole.

Who else is still clamouring about this farce? Who is still whipping this dead horse, the farcical Hague rulings? Who else still has an agenda and a special interest in wanting to drum this stupid ruling from The Hague when the claimant states are no longer interested in the scam? The believers of this farce did not believe that a similar scam could be used to turn against them in the future if the rulings of a kangaroo court is seem as just, fair and legal.

Which country is still having sleepless night and an obsession over The Hague rulings and wanting it to be in the headlines, refusing to let it die? The big question, why? Why are these non claimant countries beating their drums everyday about The Hague rulings when the claimant states have already let it passed?

China is of course furious and would kick the ass of Japan if it dares to conduct joint patrol in the South China Sea. This is a red line that China would not allow the Japanese to cross as it would invite the herd of hyenas from as far as Australia, France and Canada to think it is ok, China is too weak to resist, to join the fray. Are there any idiotic leaders with no claims in the South China Sea but want to join the Americans in joint patrols and think sitting on the head of a tiger means they can shout at China?

Which leaders are silly enough to put their country and people at risk of war with China when they have no business in the SCS? Freedom of navigation? China is a threat to freedom of navigation? What is China doing with the One Belt One Road project, to curb freedom of navigation? Who needs more freedom of navigation? Who is the biggest trading nation in the world that needs freedom of navigation?

Silly boys and girls are easily conned to believe in lies and will swallow everything, hook, line and sinkers. Anything the Americans said is golden truth.

Singapore is entangled in a dispute with China over its role in the Non Aligned Movement. Singapore had vehemently denied that it was the devil pushing the SCS agenda. It was all Asean working as a group pushing it. If there was anyone pushing this dead horse, it would not be Singapore. Singapore is innocent.

Below is a quote from an article in The Singapore Daily supposedly by an old man of unknown identity. In this old man’s view, Singapore has all the reasons and intent to want to flog the dead horse to protect its interests as a small state, on grounds of principles, to protect the rule of law, international law, and freedom of navigation. And by the way things are happening, the rest of the Asean states are unprincipled, did not see the need to protect the rule of law, to protect international law and freedom of navigation. Their national interests do not coincide with such principled positions.

Here are the reasons what this unknown old man said of Singapore’s position. True or not, Singapore’s position or not, this is his view of why Singapore has to speak up, to keep whipping the dead horse.

‘It needs to come out strongly and defend ASEAN as a regional grouping that has a voice, and a unified voice at that, against any country that dares to thumb down the region.

It is to the interest of the grouping that Singapore speaks up on the SCS issue, not play it down. If Singapore allows China to walk all over it over the South China Sea issue, what’s to stop any other great world power or regional bloc from doing the same?

Singapore is the leader of Asean and has assumed the role of protecting Asean and the hapless and weak Asean states. The Asean states are so blessed to have Singapore to protect them and their interests. Perhaps Singapore could conduct joint military patrol with another big power, India, in the South China Sea. That would definitely scare off China.