This was the reason for taking SMRT private last year, delisting from
the SGX. “Taking SMRT private is part of our journey to support it in
its focus to be among the very best in the world, through operational
and engineering excellence.” It is so funny that I find it so hard to
laugh. So now we have it, SMRT is going to be better, the best in the
world by being a private company owned by the govt and run by the govt.
If it stayed as a public listed company, it is not going to get anywhere
near being the best in the world.
SMRT Chairman’s statement in 2001, … ‘However, whilst we aim at
enhancing shareholder value, we maintain an unwavering focus on the core
mission of providing safe, reliable, convenient, efficient and
affordable transportation on the MRTsystem and the Bukit Panjang
LRToperation. Reflecting this philosophy, we shall not skimp on training,
maintenance, repair and overhaul expenditures, even as we address the
containment of other expenses.’
The above statement was made in 2001 when SMRT was privatised into a
public company listed in the Stock Exchange. This was different from the
recent privatisation from a public listed company backed to a govt
owned company. I know, the word privatisation is confusing. Privatising a
govt owned company into a public listed company or a public company and
then privatised a public company into a govt owned company.
What is more queer were the reasons given for the first privatisation.
The mantra of the day was that a govt owned company could become more
efficient and better run if it was privatised and run by private
professionals, not civil servants, and run on the basis of profit making
and be accountable to shareholders. This had an underlying assumption
that civil servants were inept and thus the company needed to be
privatised and run like public company.
The latest privatised privatised SMRT, the double speak is as what it
was, confirmed that the previous mantra that a govt company privatised
into a public company, I know it sounds funny, is not working. So a
privatised public company now must be privatised into a govt owned
company run by public/civil servants again.
Anyone see the contradiction? Another case of LPPL? Privatised into
public company to be more efficient, now privatised a public company
back to a govt owned and run company? Now you remember why the SMRT was
privatised in the first place?
For this second privatisation to be working, it means that the old
mantra was false, that civil servants could not run a govt owned/stats
board company well. And the new mantra is that civil servants are good
at running govt owned/stats board companies. No need to privatise to be
efficient.
What do you think?
12/16/2017
12/15/2017
More reserves, more taxes
The issue of our grotesquely huge reserves came into the spotlight again
when Hsien Loong hinted of raising taxes to meet increasing expenditure
of the govt. Heng Swee Kiat also chipped in to defend the govt’s
decision not to touch the reserves, not a cent, despite appeals for the
govt to use some of the reserves, just a bit more from the gains from
investing the reserves. No one is asking to kill the goose that laid the
golden eggs or a drumstick, just a few more eggs.
The discussion has gone to the social media, not a whimper is heard in the main media. Phillip Ang was so disgusted that he posted this on his blog and a copy in the TRE.
‘Perhaps Heng might also be hinting to Singaporeans there have been significant investment losses when he said “I will be very cautious about making statements about how big our reserves are…”.
So, could Heng enlighten us on what’s left in our reserves?
After 3 decades of planning, Heng wants us to believe that the PAP did not save for the anticipated rainy day? And reserves cannot be used because they have to increase perpetually to benefit our children?
I don’t think Heng expected his hogwash to be taken seriously.’
I do not know how much reserves we have, and I think not many people know, maybe a handful. This is may be public money but it is top secret! The public need not know. But from the main media and from the comments and nuances of the top politicians and the fun managers, oops, I mean fund managers, our reserves are growing and growing, though may not be in the scale of the past. The point I am making is that our reserves held in the deepest and darkest vaults are growing every year. There is nothing to worry. They are there for the future, for the rainy day. And the govt will keep growing the reserves, and there is no limit to how big this should be. It can be 10 trillion, 100 trillion, never mind, it is good to keep growing the reserves and knowing that it is there when it is needed.
I can only think of those govts that put their gold in Fort Knox for safe keeping by the Americans. They are not allowed to inspect their gold and cannot withdraw, but happily kept it there, knowing that the gold is there and safe in the vaults in Fort Knox. There is no need to look at them like looking at our CPF statements to bring smiles on the face. The thought of the huge reserves, like the bountiful of gold ingots in Fort Knox is comforting enough.
Phillip Ang should have faith that the reserves are there and growing. They would not be stolen. We have the most honest and honourable men and women taking care of them. The last thing that they would do is to lower their integrity to lie about the reserves. Just trust them. And there are two keys to keep the reserves safe. Never mind if the President did not know much is there. I am just presuming. She may know, unlike Teng Cheong. Have pleasant dreams that we are sleeping on a bed of money, plentiful of money.
Just pay your taxes when raised. The govt needs more money for bigger expenditure. The reserves are like the holy grail, untouchable by the untouchables. You need to be gods to touch them.
The discussion has gone to the social media, not a whimper is heard in the main media. Phillip Ang was so disgusted that he posted this on his blog and a copy in the TRE.
‘Perhaps Heng might also be hinting to Singaporeans there have been significant investment losses when he said “I will be very cautious about making statements about how big our reserves are…”.
So, could Heng enlighten us on what’s left in our reserves?
After 3 decades of planning, Heng wants us to believe that the PAP did not save for the anticipated rainy day? And reserves cannot be used because they have to increase perpetually to benefit our children?
I don’t think Heng expected his hogwash to be taken seriously.’
I do not know how much reserves we have, and I think not many people know, maybe a handful. This is may be public money but it is top secret! The public need not know. But from the main media and from the comments and nuances of the top politicians and the fun managers, oops, I mean fund managers, our reserves are growing and growing, though may not be in the scale of the past. The point I am making is that our reserves held in the deepest and darkest vaults are growing every year. There is nothing to worry. They are there for the future, for the rainy day. And the govt will keep growing the reserves, and there is no limit to how big this should be. It can be 10 trillion, 100 trillion, never mind, it is good to keep growing the reserves and knowing that it is there when it is needed.
I can only think of those govts that put their gold in Fort Knox for safe keeping by the Americans. They are not allowed to inspect their gold and cannot withdraw, but happily kept it there, knowing that the gold is there and safe in the vaults in Fort Knox. There is no need to look at them like looking at our CPF statements to bring smiles on the face. The thought of the huge reserves, like the bountiful of gold ingots in Fort Knox is comforting enough.
Phillip Ang should have faith that the reserves are there and growing. They would not be stolen. We have the most honest and honourable men and women taking care of them. The last thing that they would do is to lower their integrity to lie about the reserves. Just trust them. And there are two keys to keep the reserves safe. Never mind if the President did not know much is there. I am just presuming. She may know, unlike Teng Cheong. Have pleasant dreams that we are sleeping on a bed of money, plentiful of money.
Just pay your taxes when raised. The govt needs more money for bigger expenditure. The reserves are like the holy grail, untouchable by the untouchables. You need to be gods to touch them.
12/14/2017
The myth of North Korea’s nuclear threat
This myth has been spread by the Americans and some silly leaders also
believe in it. If possession of nuclear weapons is a nuclear threat, the
biggest nuclear threat comes from the USA, the evil Empire, the
warmonger, the most belligerent country, the country that is threatening
to use nuclear weapons at every little opportunity.
North Korea’s nuclear weapons are not even a threat to the South Koreans. They would not use nuclear weapons against their own people even if civil war breaks out again. This is the same as the Americans choosing to drop the Atomic bombs on Japan instead of Germany. The Americans would not drop on the white Europeans, but on yellow skin Asians, it was a very easy decision. The North Koreans are arming their nuclear warheads on long range ICBMs, to reach the American continent, not on short range missiles to hit South Korea. The nuclear fallout would affect them if a nuclear bomb goes off in South Korea.
The North Korean nuclear weapons are not even a threat to China or Russia as they know that China and Russia would not invade them or threaten a regime change. And they also know that using such weapons on China or Russia would invite instant total destruction. No country would seek such an option.
The North Korean nuclear weapons are not a threat to anyone as no one owning a few nuclear weapons would dare to use it. And the North Koreans do not have the wild ambition of the Japanese to want to rule the world and thinking they could invade the rest of Asia. And those silly countries in SE Asia must wake up from their stupidity to think that the North Koreans are going to fire their nuclear weapons at them, believing in the American wild allegation without thinking.
The only use for the North Korean nuclear weapons is as a defensive weapon, a deterrent against the evil Empire that is threatening to invade them, practicing for an invasion of North Korea almost every other day. This is what the nuclear weapons are for, with a very specific purpose and a specific country to aim at.
All the silly leaders echoing the American lie should stop doing it to avoid looking silly and to retain some credibility for themselves. They should not allow themselves to look like fools, like unthinking American cronies, doing the biddings of the evil Empire
The intention of the evil Empire invading North Korea is clear and present danger to the North Koreans. Tillerson has revealed in a Reuter report that they have been in discussion with China on how to secure the North Korean nuclear weapons in the event of the collapse of the regime. He assured China that American troops crossing into North Korea would not stay in North Korea and would return to South Korea.
This revelation tells the intent of the Americans working on bringing down Kim Jong Un and invading North Korea. It did not say if China agrees to the invasion. China has made it clear that China would not stand idly by should the Americans initiated an invasion. The Americans are thinking that the Chinese and Russians are so stupid to allow them to invade North Korea, their ally, and do nothing, allowing North Korea to fall. This is how dangerous and evil the Americans are, waiting to start a war and planning for it.
This time the Chinese and the Russians would not allow the mad Americans to run wild in East Asia. They would lose all credibility if they allow the Americans to attack North Korea. They would have no more friends and every country would be cowed to submit to the evil Empire.
Now how many silly countries in the world still believe the evil Empire is a benign and friendly Empire, for peace and protecting the peace of the world and small countries? And with the brash act of recognizing Jerusalem as the capital of Israel, it made the world look so hapless and hopeless and the Arab/Muslim nations, stupidly believing that the Americans could be their saviours, a righteous Empire s looking so silly and pathetic. What is the point of making stupid comments of regrets and concerns when the Americans and the Jews have swallowed up Jerusalem?
Would the world still want to believe in the American lie, that the Americans are a fair and just country, believing in the rule of law, believing in international norms? The Americans are above international laws, they are the law, they make the laws, they interpret the laws to their convenience and ignore the laws when they deemed fit. They would bully the weak and eat them for dinner.
North Korea’s nuclear weapons are not even a threat to the South Koreans. They would not use nuclear weapons against their own people even if civil war breaks out again. This is the same as the Americans choosing to drop the Atomic bombs on Japan instead of Germany. The Americans would not drop on the white Europeans, but on yellow skin Asians, it was a very easy decision. The North Koreans are arming their nuclear warheads on long range ICBMs, to reach the American continent, not on short range missiles to hit South Korea. The nuclear fallout would affect them if a nuclear bomb goes off in South Korea.
The North Korean nuclear weapons are not even a threat to China or Russia as they know that China and Russia would not invade them or threaten a regime change. And they also know that using such weapons on China or Russia would invite instant total destruction. No country would seek such an option.
The North Korean nuclear weapons are not a threat to anyone as no one owning a few nuclear weapons would dare to use it. And the North Koreans do not have the wild ambition of the Japanese to want to rule the world and thinking they could invade the rest of Asia. And those silly countries in SE Asia must wake up from their stupidity to think that the North Koreans are going to fire their nuclear weapons at them, believing in the American wild allegation without thinking.
The only use for the North Korean nuclear weapons is as a defensive weapon, a deterrent against the evil Empire that is threatening to invade them, practicing for an invasion of North Korea almost every other day. This is what the nuclear weapons are for, with a very specific purpose and a specific country to aim at.
All the silly leaders echoing the American lie should stop doing it to avoid looking silly and to retain some credibility for themselves. They should not allow themselves to look like fools, like unthinking American cronies, doing the biddings of the evil Empire
The intention of the evil Empire invading North Korea is clear and present danger to the North Koreans. Tillerson has revealed in a Reuter report that they have been in discussion with China on how to secure the North Korean nuclear weapons in the event of the collapse of the regime. He assured China that American troops crossing into North Korea would not stay in North Korea and would return to South Korea.
This revelation tells the intent of the Americans working on bringing down Kim Jong Un and invading North Korea. It did not say if China agrees to the invasion. China has made it clear that China would not stand idly by should the Americans initiated an invasion. The Americans are thinking that the Chinese and Russians are so stupid to allow them to invade North Korea, their ally, and do nothing, allowing North Korea to fall. This is how dangerous and evil the Americans are, waiting to start a war and planning for it.
This time the Chinese and the Russians would not allow the mad Americans to run wild in East Asia. They would lose all credibility if they allow the Americans to attack North Korea. They would have no more friends and every country would be cowed to submit to the evil Empire.
Now how many silly countries in the world still believe the evil Empire is a benign and friendly Empire, for peace and protecting the peace of the world and small countries? And with the brash act of recognizing Jerusalem as the capital of Israel, it made the world look so hapless and hopeless and the Arab/Muslim nations, stupidly believing that the Americans could be their saviours, a righteous Empire s looking so silly and pathetic. What is the point of making stupid comments of regrets and concerns when the Americans and the Jews have swallowed up Jerusalem?
Would the world still want to believe in the American lie, that the Americans are a fair and just country, believing in the rule of law, believing in international norms? The Americans are above international laws, they are the law, they make the laws, they interpret the laws to their convenience and ignore the laws when they deemed fit. They would bully the weak and eat them for dinner.
12/13/2017
Driverless cars - The fools will never learn
Why did I say this kind of things? What do you think is the problem with
SMRT collision? Ok, what was the basic principle underlying decision
making by the first generation of leaders? Before they purchase a
system, an equipment, a plane, a ship or a train system, they asked a
very basic question. How long has the system or equipment been in
operation? Has it been proven to work, free from faults and bugs? If it
is new, untested, why should we buy and pay to be the guinea pig?
This driverless car thing is a new thing, a new technology. In the Jurong Test Centre we are just setting an area for testing and earn some money from it. This is a business. It would be a different story if we are volunteering to be the guinea pig to test run driverless cars on our road while knowing that it is an untested technology and many things can go wrong? This would happen if we volunteer to be the first country to experiment on driverless cars. This is a first that we should not be clamouring for. This is not something to ‘pray pray’ about. This technology can kill, innocent lives are involved. There are harmless things that we want to be first for bragging rights. This untested driverless technology is not really in operation and going to present a lot of problems, troubles and accidents waiting to happen?
Are we the owner of this technology, the software or the hardware developer? Do we own the copyright? Who is the owner of this concept/equipment and how are we going to benefit from it if it is tested successfully? If we are not of the above, do we want to put our people’s lives as the price for testing other people’s product?
If we are the developer and owner of the software it is all well and good but still must approach this cautiously. We even erected another barrier in MRT stations costing millions to prevent people from jumping on the tracks. Test running driverless cars are definitely more risky than people voluntarily jumping on the tracks. If we are just a user, we should not be putting our people and reputation at risk. If we are part owner of this concept and system, and we are going to gain and benefit from it financially, that could be a different proposition. If we are just a teeny weeny minority shareholder, or not at all, we need to weigh the benefits and returns versus the cost of such an experiment when it is going to be conducted on our roads. During the experimental stage many things can go wrong and lives could be lost. Is it worth it?
What is in it for us?
Just hope that we are not being made a sucker to test other people’s product and system and if things go awry, our people got killed or injured.
Get my point? Remember the investment in an untested American aircraft called F35 that turned out to be an American scam and making the investing countries into suckers, pouring money into a bottomless pit? Still believing that the Americans would share their cutting edge technologies with outsiders?
This driverless car thing is a new thing, a new technology. In the Jurong Test Centre we are just setting an area for testing and earn some money from it. This is a business. It would be a different story if we are volunteering to be the guinea pig to test run driverless cars on our road while knowing that it is an untested technology and many things can go wrong? This would happen if we volunteer to be the first country to experiment on driverless cars. This is a first that we should not be clamouring for. This is not something to ‘pray pray’ about. This technology can kill, innocent lives are involved. There are harmless things that we want to be first for bragging rights. This untested driverless technology is not really in operation and going to present a lot of problems, troubles and accidents waiting to happen?
Are we the owner of this technology, the software or the hardware developer? Do we own the copyright? Who is the owner of this concept/equipment and how are we going to benefit from it if it is tested successfully? If we are not of the above, do we want to put our people’s lives as the price for testing other people’s product?
If we are the developer and owner of the software it is all well and good but still must approach this cautiously. We even erected another barrier in MRT stations costing millions to prevent people from jumping on the tracks. Test running driverless cars are definitely more risky than people voluntarily jumping on the tracks. If we are just a user, we should not be putting our people and reputation at risk. If we are part owner of this concept and system, and we are going to gain and benefit from it financially, that could be a different proposition. If we are just a teeny weeny minority shareholder, or not at all, we need to weigh the benefits and returns versus the cost of such an experiment when it is going to be conducted on our roads. During the experimental stage many things can go wrong and lives could be lost. Is it worth it?
What is in it for us?
Just hope that we are not being made a sucker to test other people’s product and system and if things go awry, our people got killed or injured.
Get my point? Remember the investment in an untested American aircraft called F35 that turned out to be an American scam and making the investing countries into suckers, pouring money into a bottomless pit? Still believing that the Americans would share their cutting edge technologies with outsiders?
12/12/2017
Willy Trump & The Illuminati, South China Sea and the Obsequious American Running Dogs
American fake news claim leaders across Asia are looking to Washington for guidance on a variety of pressing issues in Asia. If this is true these leaders have yet to realise that looking to US for guidance is looking for self-destruction, for endless strives and trouble, for choas and wars.
The fake news also claim these Asian leaders are worried that President Moon Jae-in is seeking a more conciliatory approach with DPRK contrary to US bellicose policy. They are also worrying that Trump will stop trying to counter China's growing influence in the South China Sea region. They long for America to create wars and distability in South East Asia in the same scenario as it creates disasters in the whole of Middle East and North Africa.
The news agency keeps on saying Asian leaders in anonymity . They should declare which Asian leaders and not hide behind the screen of anonymity. However one character, not an Asian leader but an Australian professor by the name of Carlyle A Thayer of the University of New South Wales openly lamented that the withdrawal of America from the region will turn "the South China Sea into a Chinese lake." He conveniently forgets that the white men from Europe had stolen the Australian continent from the natives of Australia and recently in 1980s Australia stole the East Timor Sea from the just independent East Timorese nation because it coveted the rich oil and gas deposits beneath the sea.
Now I understand when fake news talk about Asian leaders they induce me to to deduce the implication that they are white supremacists anti China leaders as seen in Carllele A Thayer. Or can they be pro-American 5th columns in many of Singapore's institutes of higher learnings and internatioonal studies. Or possibly it can be some obsequious pro American and pro Japanese political leaders in two or three ASEAN countries.
They claim Trump will lose credibility if he does not continue to challenge China in the South China Sea and America may lose long long time economic and security-military alliance in the region. They insist Trump must challenge China vigorously to prevent countries in the region from moving closer to China. They want Trump to assure them that America long standing bellicose foreign policy towards China remains rigid and unnegotiable. They encourage Trump to take a more aggressive stand towards China and fan fire beyond North Korea.
Here we can see the hands of the American warmongers , the Wall Street bangsters of the Anglo-Saxon Zionist Rothschilds Illuminati Cabal which actually controls the government of both the Democrat and the Republican party as well as CIA and the huge war industrial complex of the Pentagon . Under the Illuminati Cabal US fought more than two hundred thirty wars of aggression and conquests since its independence in 1775 from UK against other countries. It is time Russia and China and other freedom loving countries join forces to bring the next war to American mainland and destroy the evil empire once for all.
The neo-conservatives in the Illuminati cabal said Trump should not make any concessions to China as far as the East China Sea and South China Sea is concerned . They object to Mr Moon's conciliatory approach towards DPRK and wants Trump to apply maximum pressure on North Korea. They persuade Trump to expedite sales of offensive weapons to Taiwan. They strongly object to China's development in her own territories in the South China Sea and wants Rex Tillerson to deny China's access to the region. These are dangerous warmongers who want US to adopt straight face anti-China policy with no room for negotiation or compromise. They want war and confrontation with China. They think US can win in a nuclear war against China. They must be dreaming and still living in the last century. They must know China is not alone for Russia is part of of the Chinese-Russian equation in an open confrontation or war against America. The Russians and Chinese have pledged and promised that the next war will not be fought anywhere else but in America's mainland.
Trump is a willy businessman and now turn into a willy politician. He tries to make use of Russia against China and vice-versa. That doesn't seem to work for the moment. Now he tries to make use of China against North Korea. When things are more settled in North East Asia he will continue to confront China in the South China Sea albeit at the behest of the controlling masters in the Illuminati Cabal.
However, the scenario in the South China Sea has as of now turn more settled and peaceful due to the matured wisdom of Duterte of the Philippines and Najib of Malaysia and to a lesser extent Vietnam.
However China and the neighbouring countries must still be on guard for the Japanese and American warmongers will never give up creating wars and distabilities whenever an occasion arises and also South East Asia is awashed with traitors and pro-American running dogs and fifth columns especially those in the institutes of higher learnings and international studies in Singapore and the Philippines.
Southernglory1
Wednesday,12th December,2017
The fake news also claim these Asian leaders are worried that President Moon Jae-in is seeking a more conciliatory approach with DPRK contrary to US bellicose policy. They are also worrying that Trump will stop trying to counter China's growing influence in the South China Sea region. They long for America to create wars and distability in South East Asia in the same scenario as it creates disasters in the whole of Middle East and North Africa.
The news agency keeps on saying Asian leaders in anonymity . They should declare which Asian leaders and not hide behind the screen of anonymity. However one character, not an Asian leader but an Australian professor by the name of Carlyle A Thayer of the University of New South Wales openly lamented that the withdrawal of America from the region will turn "the South China Sea into a Chinese lake." He conveniently forgets that the white men from Europe had stolen the Australian continent from the natives of Australia and recently in 1980s Australia stole the East Timor Sea from the just independent East Timorese nation because it coveted the rich oil and gas deposits beneath the sea.
Now I understand when fake news talk about Asian leaders they induce me to to deduce the implication that they are white supremacists anti China leaders as seen in Carllele A Thayer. Or can they be pro-American 5th columns in many of Singapore's institutes of higher learnings and internatioonal studies. Or possibly it can be some obsequious pro American and pro Japanese political leaders in two or three ASEAN countries.
They claim Trump will lose credibility if he does not continue to challenge China in the South China Sea and America may lose long long time economic and security-military alliance in the region. They insist Trump must challenge China vigorously to prevent countries in the region from moving closer to China. They want Trump to assure them that America long standing bellicose foreign policy towards China remains rigid and unnegotiable. They encourage Trump to take a more aggressive stand towards China and fan fire beyond North Korea.
Here we can see the hands of the American warmongers , the Wall Street bangsters of the Anglo-Saxon Zionist Rothschilds Illuminati Cabal which actually controls the government of both the Democrat and the Republican party as well as CIA and the huge war industrial complex of the Pentagon . Under the Illuminati Cabal US fought more than two hundred thirty wars of aggression and conquests since its independence in 1775 from UK against other countries. It is time Russia and China and other freedom loving countries join forces to bring the next war to American mainland and destroy the evil empire once for all.
The neo-conservatives in the Illuminati cabal said Trump should not make any concessions to China as far as the East China Sea and South China Sea is concerned . They object to Mr Moon's conciliatory approach towards DPRK and wants Trump to apply maximum pressure on North Korea. They persuade Trump to expedite sales of offensive weapons to Taiwan. They strongly object to China's development in her own territories in the South China Sea and wants Rex Tillerson to deny China's access to the region. These are dangerous warmongers who want US to adopt straight face anti-China policy with no room for negotiation or compromise. They want war and confrontation with China. They think US can win in a nuclear war against China. They must be dreaming and still living in the last century. They must know China is not alone for Russia is part of of the Chinese-Russian equation in an open confrontation or war against America. The Russians and Chinese have pledged and promised that the next war will not be fought anywhere else but in America's mainland.
Trump is a willy businessman and now turn into a willy politician. He tries to make use of Russia against China and vice-versa. That doesn't seem to work for the moment. Now he tries to make use of China against North Korea. When things are more settled in North East Asia he will continue to confront China in the South China Sea albeit at the behest of the controlling masters in the Illuminati Cabal.
However, the scenario in the South China Sea has as of now turn more settled and peaceful due to the matured wisdom of Duterte of the Philippines and Najib of Malaysia and to a lesser extent Vietnam.
However China and the neighbouring countries must still be on guard for the Japanese and American warmongers will never give up creating wars and distabilities whenever an occasion arises and also South East Asia is awashed with traitors and pro-American running dogs and fifth columns especially those in the institutes of higher learnings and international studies in Singapore and the Philippines.
Southernglory1
Wednesday,12th December,2017
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