Banks are declaring big profits

Singapore banks are declaring big profits which is also likely to be translated to big bonuses at the top. This reminds me of the days before the banking crisis in the West when all the American and European banks were declaring bigger and bigger profits and the top bankers were paying themselves hundreds of millions each. And they did that for several years with all the top bankers turning themselves in multi millionaires and billionaires.

Everyone, every layman and all living persons were in awe at the supermen running the banks. No one questioned the big profit numbers cooked up by the banks. They had no reason to. The western banking systems were transparent, very good, ran by honest and honourable men and women, audited by world class auditors and monitored by world class rating agencies. All received AAA ratings. How to question them or doubt them?

Then overnight every one of these banks that were announcing record profits the previous years turned belly up, all suffered huge losses that were hidden for years while they were cooking their record profit earnings and paying themselves crazy. The banks were insolvent.

Even then, they were trusted by the stupid Asians that thought these were well managed banks and when they came asking for money, billions were handed to them happily, without doing much thinking or due diligence, thinking all was well, only to be duped further as the rot was so deep and widespread that only their central banks could save them by printing more money.

Today we are hearing local banks reporting the same kind of exuberant profits, record profits, year after year. Would this send a chill down the spine? Would our banks be suffering from the same disease as the American and western banks, and then turn belly up when it is game over?

I don't think so. Our banking system is so well regulated, the best in the world. And our banks are just as transparent in their accounting, also audited by the same great auditing companies and rated by the same reliable western rating agencies. It cannot go wrong. The big difference is that we have a very good govt that would not allow the same disease affecting the American and western banks to repeat itself here. We knew how they duped their govts and people and this would not be allowed to happen here. We learned from their crooked ways.

The record performance and profits of our banks are genuine, not cooked. Trust them. We will not have a financial crisis that would result in our local banks being bailed out by the govt by printing more money. Our banks and banking system are in good hands. I am also in awe at how well our banks are managed and how easy they made their billions despite the hundreds of millions lost in the marine and shipping industry. I take my hat off to them. What they have achieved are like miracles.

Sleep well. And our top bankers can enjoy their big bonuses with a clear conscience, that they have done well, extremely well, and deserve every cent paid to them.

What do you think?

The International Criminal Court should charge Trump, Obama, Bush and Clinton for Crimes Aagainst Humanity

It is outrageous for International Criminal Court to initiate probes against President Duterte of the Philippines and the government of Venezuela for the dirty work of alleged crimes against humanity. The ICC has always been under USA and Western control. It is mischievous and unethical for ICC to do the dirty work of the Evil Empire. USA the world's most brutal state tries to flame Duterte and Venezuela of crime against humanity to deflate from its own horrendous crimes against humanity by Trump and each and everyone of the previous USA presidents.

ICC should bring charges against USA government and CIA as well as all its seemingly innocent NGOs for drug trafficking and killings of innocent people in the course of its illicit drug and heroin smugglings in the Philippines and many South American countries like Bolivia, Venezuela, Peru, Panama, Nicaragua, Ecauda and Brazil.

Duterte and Venezuela are cleaning up the drug problem by legally killing CIA drug runners . America is not happy because it is losing billions of dollars from drug trafficking when the local governments of the Philippines and South America as a reaction to evil CIA indiscriminate illicit trafficking of drugs and heroins took actions to stem the tide against CIA activities.

ICC should charge USA and its presidents and officers of CIA and the Pentagon for war crimes against humanity for organising and supporting terrorists activities against countries which refuse to follow American dictates. USA instigate open conflicts and in due course start indiscriminate bombings against the establishment government troops and military resulting in hundreds of thousands of innocent citizens being killed which they just dismissed it as collateral damages. 

Since ICC is a proxy arm of the evil empire it will only serve its insidious agenda and look the other way of all the brutal and inhuman actions that the evil empire carries out against other countries which it deems unfriendly.

The world need to unite and take a stand against USA the most evil and monstrous country in the world.

Southernglory1

Friday, 9th February, 2018

Asean step up effort to counter terrorism

It one thing to talk about countering terrorism. It is another to know who are the terrorists. It is even more serious to know who is the world’s number one terrorist and who is funding, training and support the terrorist organizations of the world.
 
Do the Asean countries understand this? Do they know? How many Asean countries are sleeping in the same bed as the world’s number one terrorist and even working with the world number one terrorist in terrorist operations?
 
What is terrorist operation? It is not just about indiscriminate suicide bombers. It is indiscriminate bombing of innocent people, invading a country, conducting regime change, and killing them in the thousands, hundreds of thousands. It is inciting wars, provoking wars, threatening wars. These are the operations of terrorists.
 
The Americans are fabricating another lie that the Syrians are using sarin gas and like WMD, would justify its military operation and occupation of Syria. It is increasing threats against North Korea to demand the latter to give up its nuclear weapons while it is upgrading its nuclear arsenal, the biggest in the world, to become more deadly. It is adamant to provoke a war between the two Koreans. Who is the real terrorist?
 
Would Asean be working against the real terrorist or be working with the real terrorist to create more fear and destruction around the world? If Asean do not know or refuse to see the real terrorist behind all the terrorist organizations, it is pure theatrics at best when it is talking about fighting terrorism.
 
What a joke? So pathetic?
 
Is Asean becoming a joke? The only good sign is that Asean is starting to see that China is a friendly power in the region and unanimously supported more joint military exercises with China. This is Asia and Asians must not continue to be ruled by the slayers of Red Indians, Africans, Arabs and Muslims. Asians have grown up and are capable of looking after themselves in peace. There is no need for war and for the world’s number one  terrorist from across the world to start wars in Asia.

When the people trusted the govt

There was a time when the people trusted the govt. Believe me, this is true, was true, in those days the people totally trusted the govt and would support the govt in many of its hard policies. That is history now, but it is good to reminisce and recollect how and why the people trusted the govt then. Some silly buggers are out there decrying that the older generations were stupid to trust the govt and they are to be blamed for the shit that the new generations and future generations are facing and going to eat going forward. I would say that this blame is partially right in the sense that many of the oldies could not see the change or did see the change but unable to change their mindset to change the govt of today that is very different from the govt of yesterday. The transition was initially slow, and like the proverbial frog, the pioneer generations are slowly being cooked to death.
 
What kind of govt then that could gain almost absolute trust from the people? In the first place the PM was getting a salary of $7,500 pm or thereabout while a minister was getting $5,000, and MPs were getting very much lesser. And the people could buy HDB flats at really subsidized prices, $6,800 for a 3rm flat, $27,500 for a 5rm flat. Anyone earning a 4 figure salary, ie $1,000pm could buy a simple car that cost $6,000. Anyone earning a 4 figure salary, ie $1,000 or $2,000 could get married and raised a family quite comfortably, even owning a car.
 
Anyone in the uniformed services, to serve and die for the country, would have priority in getting a subsidized HDB flat. The govt went further, and built flats exclusively for the uniformed services. And more, the most important factor, the govt then trusted Singaporeans and looked after Singaporeans, not looking after foreigners and giving good jobs to foreigners.
 
Under such circumstances, there was unspoken trust, trust that was given by the people to the govt without being demanded, without being asked. It was voluntary and involuntary trust, at times unquestioned trust.
 
Today the trust for the govt is in doubt, in question, and they have no clue why the trust was lost. Sure, the income has gone up, people are earning 5 figure salaries. But what can the 5 figure salary buy? Many earning 4 figure salaries are struggling to bring up a family, all in debt for the ‘highly subsidised’ half a million or more HDB flats and cars, expensive medical and education and high cost of living. In fact many could no longer afford to buy a simple car costing more than $100k. And things are spiraling downhill in double speed. Many have to sell their properties to spend their twilight years, not to hand down to their children. And once sold, nothing is left.
 
Still trying to figure out why the trust is gone? Millionaires, natural aristocrats, immortals have no clue? How about more theatrics?

Singtel replied to my complaint

I was having second thought on the title of this post. I saw a headline in thenewpaper, ‘SMRT updates app to give more accurate train timings’ and thought this would be more appropriate for this post instead of Singtel’s reply. You will see the relevance of why the SMRT headline later.
 
One guy from Singtel called asking to talk to me. I confirmed who I was. Then he turned into ‘machine mode’, that he needed to verify who I was. I told him this was a silly thing as it was he who called me. The natural thing would be for me to verify who he was. It is like I called up Hsien Loong and then tell him, wait, wait, I need to verify who he is. Then I will go on and ask, what is the name of his father, how many brothers and sisters he have, where did he live? Don’t you think Hsien Loong would be furious? He should be verifying me, the caller instead.
 
Anyway the guy was angry and cut off the call. Then I received a sms saying my account was transferred to a new platform and I can go online to check. Then I received an email reply confirming that I only used 36MB and got 60+MB balance. And I could call or go to another site to check my usage. Until today, the erroneous data in my mobile is still there and saying I have only 10MB left of my data plan.
 
See, there is nothing wrong about the data monitor in my mobile, a Singtel app, giving me false data. Is Singtel happy with the data monitor that cannot tell the real data but corrupted data, telling subscriber false data and confusing subscriber? And subscribers have to live with it? I was thinking that I may have no choice and need to upgrade to a bigger data plan if Singtel app data is going to be charged into my data plan.
 
How can Singtel provide its subscribers with an unreliable data monitor and simply tell the subscribers to call or go to another site to check for more accurate data? Might as well not to provide the data monitor when it is not helpful, not telling the real data, but fake data.
 
My reply to the email is that this is unacceptable practice and this must be brought up to the CEO’s attention. Now you understand why the SMRT wanting to provide more accurate train timings to commuters is relevant here? It is service, reliable service to the commuters/subscribers. Has Singtel degenerated into a third world service provider, providing a data monitor that is not telling the data that subscribers need and be happy with it? What kind of quality standard is Singtel setting? If this data monitor is what Singtel wants to provide, then I would tell Singtel to scrap it. It is useless if it cannot tell the actual data usage of subscribers.
 
I am waiting for my next bill to come to confirm that I am not charged for over usage, for exceeding my data plan though I am told that I did not exceed my data plan. You can bet left hand and right hand may not know what each one is doing or saying. I am keeping my finger cross.