Us corporate Tax cuts will benefit the elites who are blanded shamelessly and and arrogantly as natural aristocrats by a tin-tin peanut politician in an island country in South East Asia. It will benefit the rogues, the crooks and scoundrels in Wall Street, Washington, CIA and the Pentagon as well as the super rich tycoons in big business, trading and commerce, the big banks and insurance companies and real estate business. The over ninety-five percent of the population will not even get the trickle down effect of this reduction in Corporate Tax because the rich who benefit will hoard the millions or billions and not spending anything extra.
There will be increase in budget or fiscal deficit and this will further increase US debt which now stands at over twenty-five trillion dollars. How will US balance this fiscal deficit except by extorting from other countries through sanctions and manipulating the US Petrol Dollar at the expense of other countries.
It is important for the world led by BRIC countries especially Russia and China to take down the petrol dollar to prevent US from cheating and swindling the whole world . In taking down the petrol dollar the world can put a stop to US economic colonialism and imperialism and decapitate US ability to hold the world to ransom in its exercising of extraterritoriality through its ability to carry out illegal and unlawful sanctions on other countries which is the result of its ability to control the petrol dollar.
Destroy the US petrol dollar and US will soon become a pauper and hopefully US will not be able to continue it evil activities of brutal wars of aggression against other countries . We need to stop US in its track of political, territorial and economic colonialism and imperialism . We need to expose the evil and sinister aspects of fake US democracy and human rights and stop it from holding the world under its total demonic and hegemonic dictatorship.
Southernglory1
Friday, 22nd December, 2017
12/22/2017
Petrol retailers no collusion
The front page news of thenewpaper on 20Dec has this headline, ‘No
collusion between petrol retailers’. The Competition Commission of
Singapore, after doing its ground work, has found that there is no
collusion among the petrol retailers in pricing petrol. Is this really
news? With only a handful of petrol brands, and knowing that the CCS is
watching against pricing fixing and cartel, would the retailers be so
stupid as to engage in price fixing? These are smart business people and
the last thing they want to do is to be caught with their pants down.
There is absolutely no price collusion even if their prices are about
the same and still making big profits. They know what they are doing, to
be competitive, to be within the laws, and to make their huge profits
in a free market.
Actually the industry that is really free from collusion, definitely more free than the petrol industry, is the stock broking industry. Every brokerage is allowed to fix its commission until they are broke. They compete fiercely with each other, to under cut each other, to gain market share. Some are even willing to go as far as doing it for free. This is really a free market that is completely free from collusion and trading can also be free of commission. The last was what I heard, not sure got such madness or not.
Not sure they are clever or stupid. Calling them stupid they would be very angry. So let’s assume that they are very clever people and doing all the right things to gain market share and to do more business and hopefully the end result is more revenue and profits.
The reality in the ground is that they are running each other down and one by one is going to fold up with high cost, rising cost and low revenue due to very thin commission. This is like the saying, high living low thinking. And to be sure, they still believe they are doing the right thing. Never mind that profit is so thin, never mind that the profit is not enough to feed the business. Never mind if it is loss making. The important thing is to compete fiercely for business, to gain market share man. If you don’t cut your commission the other idiot would do so. Oops, should be the other genius.
I dunno what to say. Just look at the industry and watch which broking house is the first to fold up.
Actually the industry that is really free from collusion, definitely more free than the petrol industry, is the stock broking industry. Every brokerage is allowed to fix its commission until they are broke. They compete fiercely with each other, to under cut each other, to gain market share. Some are even willing to go as far as doing it for free. This is really a free market that is completely free from collusion and trading can also be free of commission. The last was what I heard, not sure got such madness or not.
Not sure they are clever or stupid. Calling them stupid they would be very angry. So let’s assume that they are very clever people and doing all the right things to gain market share and to do more business and hopefully the end result is more revenue and profits.
The reality in the ground is that they are running each other down and one by one is going to fold up with high cost, rising cost and low revenue due to very thin commission. This is like the saying, high living low thinking. And to be sure, they still believe they are doing the right thing. Never mind that profit is so thin, never mind that the profit is not enough to feed the business. Never mind if it is loss making. The important thing is to compete fiercely for business, to gain market share man. If you don’t cut your commission the other idiot would do so. Oops, should be the other genius.
I dunno what to say. Just look at the industry and watch which broking house is the first to fold up.
12/21/2017
The World United must be tough against the evil Empire
The evil Empire continues to stir trouble around the world. The unilateral recognition of Jerusalem is another blatant violation of international law and a snub at the international community. The evil Empire stood alone at the UN Security Council to veto a resolution against its recognition of Jerusalem as the capital of Israel.
The evil Empire is cornered, furious and alone against the world. It has been abusing, bullying and threatening the rest of the world for too long. And many countries that were used to its lies have finally woken up. The Arab/Muslim countries are the last to open their eyes to the deceit and betrayal of their cause and interests by the evil Empire. It is painful to be misled by the evil Empire for so long to know that they have been duped all along. Stupidity must come to an end. At the UN Security Council they have joined ranks with European countries, former allies of the evil Empire to vote against the evil Empire.
It is time that the World United must be tough and take strong measures against the bullying and threats of the evil Empire. The strong position taken at the UNSC is a ‘great awakening, a resurgence of confidence, and a rebirth of a new world united against the evil Empire’.
North Korea has shown the way to deal with the evil Empire. Russia and China have joined forces to stand up to the evil Empire. The rest of the world must close ranks to put a stop to the violations of world order by the evil Empire. The evil Empire must be stopped from abusing, bullying and demonizing small countries and threatening them with sanctions, regime change and wars. The evil Empire must not be allowed to continue with it belligerent and warmongering policies and actions against the rest of the world.
For once, the evil Empire is alone, cornered but still in defiant. Stop the evil Empire. Stand up to the evil Empire. Stop the evil Empire from poking at every country’s internal affairs, in Europe, in the Middle East, in Asia, in SE Asia, in Malaysia, Myanmar, the Philippines, Indonesia, Thailand, in Latin America. This evil Empire has no God damn right to be messing around with other country’s affairs. That is the only way to prevent the evil Empire from continuing with its hostile and ruthless interference and oppression of the rest of the world.
The international community has put up another resolution to be voted in the UN General Assembly after the US solitary veto in the Security Council. And the little girl representing the US is crying out loud, acting like a class monitor and threatening, ‘I will take down the names of those who voted against the US and report to the Emperor. The Emperor would be very angry with those that did not support the Empire.’
How many countries in the UN would be voting on principles and how many countries would be voting for the Empire, voting against principles and international law because they are the cronies of the Empire
Say No to the evil Empire.
12/20/2017
Korean Peninsula – Who wants war?
This question has to be addressed from the angle of who would benefit
and who would suffer when there is war in the Korean Peninsula. If there
is no reference point, it is very easy to be misled by the rhetoric and
fake news and propaganda of the protagonists, those that really wanted
to start a war but mouthing peace everyday. The louder an asshole shouts
for peace, the more he is for war. But many simple minded and
unthinking readers would be easily taken in when they just glanced
through the headlines and did not give it a second thought. The few
words in the headline will sink in, just like Kim Jong Un is bad, North
Korea is a poverty stricken country, a threat to world peace when the
truth is that the world is threatened with third world war by the
biggest warmonger, the Americans.
There are several parties involved in the Korean Peninsula, North and South Korea, the USA, Japan, China and Russia. Not to forget the lackeys of the evil Empire shouting on the sideline.
The Koreans, both North and South, are not stupid people and the last thing they want is a war in their country and destroying their country and their people. It is a big NO to them as far as war is concerned. Why would China and Russia want a war in the Korean Peninsula when the outflow of refugees would swarm their lands and they be footing the bills to look after them? And if there is war, they would have to help the North Koreans in military hardware and supporting material plus soldiers on the ground. This is a very expensive drain on their economies and resources, why do they want to pay for it? The answer is simply NO again. They stand to lose in kind and in everything when there is a war at their borders.
No way. China's Xi Jinping has put its foot down, no war in the Korean Peninsula and so has the South Korean President. Unfortunately the latter has no say really as South Korea is a semi colony of the evil Empire and the Americans called the shot, to have war or not to have war. That is the pathetic fate of a semi colonised country like South Korea and Japan.
Japan would not mind the Korean Peninsula burning and flatten. It has a historical fear that a strong and united Korea would one day take revenge for the cruel colonisation of the Korean people by the barbaric Japanese Imperial Army. Japan would do everything to keep the Koreans divided, and better still, to be at war and be decimated. If that came about, Japan could recolonise a weak and depleted Korea with very few Koreans left. Japan has all to gain and nothing to lose should there be a war in the Korean Peninsula, to keep the Korean people forever poor, disunited and under bondage like Israel/USA keeping the Arab countries in an endless conflict and trapped in a vicious cycle of killings and destruction.
In the case of the Americans, the answer is obvious. The world is running out of wars. The wars they created in the Middle East have been smouldered by the intervention of the Russians. They need more wars in other parts of the world to create demands for their weapons of wars. There is also the domination of the Empire, an Empire to keep and this needs a reason for their military bases all over the world, especially in the Korean Peninsula to check on Russia and China and to maintain military bases in Japan and South Korea.
When war breaks out in the Korean Peninsula it would be boomtown Charlie all over again like the Vietnam War. Never mind that the Americans got booted out after 30 years of warfare and destruction in Vietnam, the millions of Vietnamese lives lost and the poor American boys and girls who died without knowing why. The military war complexes and the people behind them were laughing to the banks, enjoying life of plenty and not getting a single hair in their body getting hurt. The politicians love wars to make them great leaders, calling the shots. The no brain military commanders too would love war as they would be the main actors, fighting the wars behind their desks away from the battlefield, from being killed.
Talking about fighting a war as American cronies, many SE Asian leaders would love that, thinking that it is a one way thing like in the Middle East and could curry favour with the Emperor in the White House. The Philippines under the previous dud President was most eager to even go to war with China. Thank God he was removed and someone sensible took over, or else many Pinoys would have been killed and SE Asia would be another war zone.
The Asian and South East Asian countries have a lesson to be learnt from the ravages of wars in the Middle East and the agitated tension by the evil Empire in the Korean Peninsula. Do not allow the evil Empire to turn Asia and SE Asia into another war zone. Your countries would be destroyed, your people would die. The warmongers in the West would be laughing to the banks and laughing at your stupidity. They would be dining and drowning themselves silly with the money you paid them for the military weapons and would make more to rebuild your ruined countries and economies and your countries and peoples would be forever under bondage.
Wise up, and never let Asean become a tool of the evil Empire and set Asia and SE Asia ablazed. Ask who would be the beneficiaries of wars and who would be the losers. Only beneficiaries of wars would want wars. Do not become a pawn of the evil Empire and be forever under its control and manipulation.
There are several parties involved in the Korean Peninsula, North and South Korea, the USA, Japan, China and Russia. Not to forget the lackeys of the evil Empire shouting on the sideline.
The Koreans, both North and South, are not stupid people and the last thing they want is a war in their country and destroying their country and their people. It is a big NO to them as far as war is concerned. Why would China and Russia want a war in the Korean Peninsula when the outflow of refugees would swarm their lands and they be footing the bills to look after them? And if there is war, they would have to help the North Koreans in military hardware and supporting material plus soldiers on the ground. This is a very expensive drain on their economies and resources, why do they want to pay for it? The answer is simply NO again. They stand to lose in kind and in everything when there is a war at their borders.
No way. China's Xi Jinping has put its foot down, no war in the Korean Peninsula and so has the South Korean President. Unfortunately the latter has no say really as South Korea is a semi colony of the evil Empire and the Americans called the shot, to have war or not to have war. That is the pathetic fate of a semi colonised country like South Korea and Japan.
Japan would not mind the Korean Peninsula burning and flatten. It has a historical fear that a strong and united Korea would one day take revenge for the cruel colonisation of the Korean people by the barbaric Japanese Imperial Army. Japan would do everything to keep the Koreans divided, and better still, to be at war and be decimated. If that came about, Japan could recolonise a weak and depleted Korea with very few Koreans left. Japan has all to gain and nothing to lose should there be a war in the Korean Peninsula, to keep the Korean people forever poor, disunited and under bondage like Israel/USA keeping the Arab countries in an endless conflict and trapped in a vicious cycle of killings and destruction.
In the case of the Americans, the answer is obvious. The world is running out of wars. The wars they created in the Middle East have been smouldered by the intervention of the Russians. They need more wars in other parts of the world to create demands for their weapons of wars. There is also the domination of the Empire, an Empire to keep and this needs a reason for their military bases all over the world, especially in the Korean Peninsula to check on Russia and China and to maintain military bases in Japan and South Korea.
When war breaks out in the Korean Peninsula it would be boomtown Charlie all over again like the Vietnam War. Never mind that the Americans got booted out after 30 years of warfare and destruction in Vietnam, the millions of Vietnamese lives lost and the poor American boys and girls who died without knowing why. The military war complexes and the people behind them were laughing to the banks, enjoying life of plenty and not getting a single hair in their body getting hurt. The politicians love wars to make them great leaders, calling the shots. The no brain military commanders too would love war as they would be the main actors, fighting the wars behind their desks away from the battlefield, from being killed.
Talking about fighting a war as American cronies, many SE Asian leaders would love that, thinking that it is a one way thing like in the Middle East and could curry favour with the Emperor in the White House. The Philippines under the previous dud President was most eager to even go to war with China. Thank God he was removed and someone sensible took over, or else many Pinoys would have been killed and SE Asia would be another war zone.
The Asian and South East Asian countries have a lesson to be learnt from the ravages of wars in the Middle East and the agitated tension by the evil Empire in the Korean Peninsula. Do not allow the evil Empire to turn Asia and SE Asia into another war zone. Your countries would be destroyed, your people would die. The warmongers in the West would be laughing to the banks and laughing at your stupidity. They would be dining and drowning themselves silly with the money you paid them for the military weapons and would make more to rebuild your ruined countries and economies and your countries and peoples would be forever under bondage.
Wise up, and never let Asean become a tool of the evil Empire and set Asia and SE Asia ablazed. Ask who would be the beneficiaries of wars and who would be the losers. Only beneficiaries of wars would want wars. Do not become a pawn of the evil Empire and be forever under its control and manipulation.
12/19/2017
SGX – Conflict of interests
Many in the industry have cried foul that SGX is compromising itself by
holding the dual roles of regulator and of running the exchange as a
profit making organization. The conflict of interests is so glaring that
only when one is behaving like gods and infallibles that one would
think otherwise. In this exceptional island, SGX is not the only place
where conflict of interests were ignored as irrelevant and inapplicable.
And this sad state of affair is going to continue unquestioned and
unchallenged for as long as your life time if things did not change, if
the political status quo remains as it is.
The underlying assumption is that this exceptional island is so blessed with very exceptional human beans that have impeccable integrity, honesty and are so honourable that you can believe they would not compromise themselves even if they assumed the roles of judge, jury and executioner. They cannot be compromised or are incorruptible! So to be the regulator to police any wrong doings in the exchange and also to run the exchange for profit with evident conflict of interests is a non issue. The duality of roles, conflicting roles, would not be compromised under the charge of infallible human gods, some admitted with a little humility that they were only mere immortals, not yet gods.
This morning I glanced at the SGX screen and found out that about 30 stocks have been suspended and about 20 of them were red chips. I have lost count on the number of red chips that had been delisted, with the owners run road.
Just a food for thought, what if the SGX did not take on the dual roles of regulator and operator of a profit making organization that it is supposed to regulate and police? This is hypothetical of course. Would SGX be allowed to bring in the numerous red chips and foreign companies and list them in the exchange given the hindsight that many had run road or about to run road and nothing can be done about it? And given this bad experience, would SGX be wiser and be more prudent and take lesser risk in allowing foreign companies, especially the kuching kurap companies, to list here when they have barely any control over them, no legal jurisdiction over them, barely knowing how they operate and the rule of law in their country of origin?
On hindsight, how many hundreds of millions or billions have been lost by the innocent investors as a result of the listing of these foreign shares that had run road or about to run road? How much money could have been saved or not lost if there was a stronger and more diligent hand policing the SGX and someone, hypothetically, took a position that such high risk adventures were not worth taking and forbid SGX from doing it and from continuing to flirt and solicit potential foreign companies to list in the exchange as every listing is money, income, revenue and profit to the SGX?
Are the risks acceptable risks, reasonable risks, bearable risks that losing millions or billions by the investors are justifiable for the pittance the exchange was and is going to get from such listings.
There is also the issue of integrity and soundness of the exchange in the long run as a solid institution where investors can park their money and invest safely. Would there be a difference if SGX was not allowed to take on the dual roles of regulator and operator of a profit making organization at the same time? Is it reasonable to question and to challenge the dual roles with conflict of interests by the SGX? Or should this be the normal, the right thing to do in this paradise ruled by gods or demi gods with impeccable and unquestionable integrity, that conflict of interests would never be an issue? Gods and demi gods are infallible, unlike ordinary human beans.
Would SGX be just a stats board, providing a service with unquestionable integrity and an uncompromising system that would not be subject to doubts, a sound financial system? Or would it be better to delink the dual roles to have another body policing the exchange while it continues to be a profit making organization that would make decisions for revenue and profits like before?
The underlying assumption is that this exceptional island is so blessed with very exceptional human beans that have impeccable integrity, honesty and are so honourable that you can believe they would not compromise themselves even if they assumed the roles of judge, jury and executioner. They cannot be compromised or are incorruptible! So to be the regulator to police any wrong doings in the exchange and also to run the exchange for profit with evident conflict of interests is a non issue. The duality of roles, conflicting roles, would not be compromised under the charge of infallible human gods, some admitted with a little humility that they were only mere immortals, not yet gods.
This morning I glanced at the SGX screen and found out that about 30 stocks have been suspended and about 20 of them were red chips. I have lost count on the number of red chips that had been delisted, with the owners run road.
Just a food for thought, what if the SGX did not take on the dual roles of regulator and operator of a profit making organization that it is supposed to regulate and police? This is hypothetical of course. Would SGX be allowed to bring in the numerous red chips and foreign companies and list them in the exchange given the hindsight that many had run road or about to run road and nothing can be done about it? And given this bad experience, would SGX be wiser and be more prudent and take lesser risk in allowing foreign companies, especially the kuching kurap companies, to list here when they have barely any control over them, no legal jurisdiction over them, barely knowing how they operate and the rule of law in their country of origin?
On hindsight, how many hundreds of millions or billions have been lost by the innocent investors as a result of the listing of these foreign shares that had run road or about to run road? How much money could have been saved or not lost if there was a stronger and more diligent hand policing the SGX and someone, hypothetically, took a position that such high risk adventures were not worth taking and forbid SGX from doing it and from continuing to flirt and solicit potential foreign companies to list in the exchange as every listing is money, income, revenue and profit to the SGX?
Are the risks acceptable risks, reasonable risks, bearable risks that losing millions or billions by the investors are justifiable for the pittance the exchange was and is going to get from such listings.
There is also the issue of integrity and soundness of the exchange in the long run as a solid institution where investors can park their money and invest safely. Would there be a difference if SGX was not allowed to take on the dual roles of regulator and operator of a profit making organization at the same time? Is it reasonable to question and to challenge the dual roles with conflict of interests by the SGX? Or should this be the normal, the right thing to do in this paradise ruled by gods or demi gods with impeccable and unquestionable integrity, that conflict of interests would never be an issue? Gods and demi gods are infallible, unlike ordinary human beans.
Would SGX be just a stats board, providing a service with unquestionable integrity and an uncompromising system that would not be subject to doubts, a sound financial system? Or would it be better to delink the dual roles to have another body policing the exchange while it continues to be a profit making organization that would make decisions for revenue and profits like before?
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