Isn’t it surprising for Mahathir to be scrapping mega projects in the
name of saving cost? During his rein he too was a party to many mega
projects and the infamous crooked bridge that was built half way and
abandoned by Badawi and Najib. Today mega projects are taboo, insane and
money wasting.
Mega projects were once the darling of third world tin pot dictators as
the kickbacks were enormous. The bigger the mega projects, the costlier
they were, the bigger the kickbacks. That was the key reason why many
tin pot dictators were crazy about building monuments that served little
purpose.
Listen to this, ‘The most important thing for us now is to reduce the
amount of borrowings by the govt. We have borrowed too much money. And
we cannot pay so much money if we continue with the project.’ It sounds
quite logical. But look, as the govt of the day, there is nothing to
stop Mahathir from raising taxes to fund these projects. Just tell the
people they are good projects and go ahead with whatever taxes to raise
whatever sum you need. Does Mahathir know this trick? Oh, an easier way
is to rob the people’s savings in the EPF. Just introduce a few
compulsory insurance schemes and he could rip off the people in the
billions. What is 10b or 20b, ringgits some more when the whole EPF is
there to take and for as long as the people keep contributing to it? It
is an ATM.
This old man must be getting senile. He went on to say that govt
spending must be reduced, and he started by shrinking his cabinet with
lesser ministers. With such a big country and with so few ministers, and
with so miserable pay, how can he expect his ministers to perform and
not be corrupt? He is going nuts.
In third world countries, undeniably mega projects are all about
kickbacks. In first world countries, mega projects are about necessary
projects that are good for the countries. And while in third world
countries, higher cost in mega projects are about bigger kickbacks, in
first world countries, higher project cost is about quality. The more
expensive is the project the better is the quality of the project.
It is important to see this difference when viewing mega projects. Look
at the country and ask this simple question, is it a third world country
or a first world country? The answer will be different.
5/31/2018
US Sudden Imposition of Illicit Tariffs on Chinese Imports Has Deep Implications
After several rounds of talks and negotiations by the US and Chinese trade delegations they had after much consultations reached a consensus not to have trade war. But the latest White House statements on slapping tariffs on Chinese imports is a reckless move which will have widespread impact on world trade and economy. China will not accept it with folded arms but will retalliate measure for measure.
There is no credibility in US trust and honour when it always backtracks and and turns its back on treaties and agreements. No wonder native Americans always say and warn that Whitemen speak with fork tongues and cannot be trusted. They signed treaties but break them at the earliest convenience to suit their interest and agenda.
Under the US latest announcement they intend to illicitly implement specific investment restrictions and enhanced export controls on Chinese individuals and entities linked to the acquisitions of industrially significant technology. US is placing restrictions on Chinese trade and commerce especially it dictates that China should stop its impetus on "Made In China 2025." US is behaving like its forebears the British whose treatment of a weak China in the Opium Wars of 1830s to 1850s was disastrous for China. But US should not dream of doing the same to China because it is now dealing with a China which is rich and powerful and is well armed with nuclear teeth.
US lacks sincerity in trade discussions and will walk away from further discussions just as the delegations are on the verge of achieving positive results.
US has historically always been negotiating in bad faith. It uses negotiations as a ploy to lull the opposite party into confidence while in the meantime it cranks up its evil plans to take advantage of its opponents. This much the native Americans, the Hawaiians, the Cubans and South Americans had much experience of the evil and crooked ways of the white Americans can teach us.
China is gravely wrong in supporting US sanctions on North Korea and in its denuclearisation programme. It is US strategy of holding some semblance of stability in North East Asia to allow it time to build up its naval operations in the South China Sea to confront and contain China.
US and Japan have no real interest in a peaceful united Korean nation for that will presumably nullify US excuse of its intention of continuing to further maintaining its military bases in Japan and South Korea with the ultimate aim of containing Russia and China.
There will never be peace on this earth unless the White Americans are totally destroyed.
Southernglory1
Thursday, 31st May, 2018
There is no credibility in US trust and honour when it always backtracks and and turns its back on treaties and agreements. No wonder native Americans always say and warn that Whitemen speak with fork tongues and cannot be trusted. They signed treaties but break them at the earliest convenience to suit their interest and agenda.
Under the US latest announcement they intend to illicitly implement specific investment restrictions and enhanced export controls on Chinese individuals and entities linked to the acquisitions of industrially significant technology. US is placing restrictions on Chinese trade and commerce especially it dictates that China should stop its impetus on "Made In China 2025." US is behaving like its forebears the British whose treatment of a weak China in the Opium Wars of 1830s to 1850s was disastrous for China. But US should not dream of doing the same to China because it is now dealing with a China which is rich and powerful and is well armed with nuclear teeth.
US lacks sincerity in trade discussions and will walk away from further discussions just as the delegations are on the verge of achieving positive results.
US has historically always been negotiating in bad faith. It uses negotiations as a ploy to lull the opposite party into confidence while in the meantime it cranks up its evil plans to take advantage of its opponents. This much the native Americans, the Hawaiians, the Cubans and South Americans had much experience of the evil and crooked ways of the white Americans can teach us.
China is gravely wrong in supporting US sanctions on North Korea and in its denuclearisation programme. It is US strategy of holding some semblance of stability in North East Asia to allow it time to build up its naval operations in the South China Sea to confront and contain China.
US and Japan have no real interest in a peaceful united Korean nation for that will presumably nullify US excuse of its intention of continuing to further maintaining its military bases in Japan and South Korea with the ultimate aim of containing Russia and China.
There will never be peace on this earth unless the White Americans are totally destroyed.
Southernglory1
Thursday, 31st May, 2018
Kim Trump Summit – Kim still an assassination target?
Trump may be sincere in wanting to meet up with Kim in Singapore. But
behind this, how many interested parties would want to put a bullet into
Kim’s head when he is here? How many would like a false flag incident
to reignite the Korean War and turn the Korean Peninsula into a war zone
again?
In the US there are many parties that would want to do so, the rightists, the war hawks, the deep state, the military complex, the CIA assassination squads etc etc would all have a mind of their own and would be out of control of the Trump Administration.
Out of the US there is Japan. Abe is so busy running here and there to want to put his fingers into this Summit. He is a hawk and there are many in Japan that are equally or more extremist than him and would want to kill Kim to start a big fire in Korea, to prevent a peace agreement and the reunification of the two Koreas. A bullet into Kim’s head is all it takes to blow up all the peace initiatives so far achieved.
Within South Korea there are also extremists that are hardcore anti North Korea, anti Kim and anti peace. They had assassinated Park Chung Hee when he wanted to reunite the two Koreas peacefully. These extremists would be thinking of doing something similar to kill off what Moon, Kim and Trump have been trying to achieve so far.
Kim Jong Un’s presence in Singapore would expose him to the risk of an assassin’s bullet. Singapore is not like North Korea and it is very difficult to keep everything under control. The Singapore govt would be greatly stretched to keep Kim Jong Un safe during his few days here. It is a very big challenge to for the security services to keep the assassin bullets away from hitting Kim.
Keep the fingers crossed that this would not happen here as the consequences are grave. This is the first time that Kim is venturing out of his comfort zone, out of North Korea and China, into the open field.
In the US there are many parties that would want to do so, the rightists, the war hawks, the deep state, the military complex, the CIA assassination squads etc etc would all have a mind of their own and would be out of control of the Trump Administration.
Out of the US there is Japan. Abe is so busy running here and there to want to put his fingers into this Summit. He is a hawk and there are many in Japan that are equally or more extremist than him and would want to kill Kim to start a big fire in Korea, to prevent a peace agreement and the reunification of the two Koreas. A bullet into Kim’s head is all it takes to blow up all the peace initiatives so far achieved.
Within South Korea there are also extremists that are hardcore anti North Korea, anti Kim and anti peace. They had assassinated Park Chung Hee when he wanted to reunite the two Koreas peacefully. These extremists would be thinking of doing something similar to kill off what Moon, Kim and Trump have been trying to achieve so far.
Kim Jong Un’s presence in Singapore would expose him to the risk of an assassin’s bullet. Singapore is not like North Korea and it is very difficult to keep everything under control. The Singapore govt would be greatly stretched to keep Kim Jong Un safe during his few days here. It is a very big challenge to for the security services to keep the assassin bullets away from hitting Kim.
Keep the fingers crossed that this would not happen here as the consequences are grave. This is the first time that Kim is venturing out of his comfort zone, out of North Korea and China, into the open field.
5/30/2018
Class vs Crass
For supreme irony, look no further than page 16 of today’s The New Paper (30 May) whose editors deserve a medal for placing Mamoudou Gassama’s heroic “Spider-Man” act side by side with former Australian Deputy Prime Minister Barnaby Joyce’s decision to sell his story about his love child with an ex-aide.
For those who just got back from Mars, Mr Gassama is the young man whose daring rescue of a boy dangling from a Paris balcony was universally seen and applauded on the Internet. The 22-year-old Malian had scaled four storeys of an apartment block to pluck him to safety. For his selfless feat, Mr Gassama received an audience and a certificate and medal of bravery from French president Emmanuel Macron. For those who have not been reading the papers, Mr Barnaby Joyce, 50, was forced to quit as DPM in February over his affair with his then media adviser Vikki Campion. He left his wife of 24 years after getting his mistress pregnant.
Just picture the irony. One is an illegal immigrant, the other a Deputy Prime Minister until recently. One risks detention - and loss of life - to save a boy with no thoughts of reward or fame. The other compounds his disgrace by accepting A$150,000 for a tell-all TV appearance for his act of infamy. In a line, one exudes class, the other exudes crass.
CareShield Life – A big black hole exposed. You save I spend
CareShield Life is the third compulsory insurance scheme that the people
are forced to pay for by the govt. The two existing compulsory
insurance schemes are the CPF Life and Medishield Life. Insurance
schemes are useful as a form of protection to those that were hit by
unforeseen events. They are the good to have things. But not many people
can afford the luxury of paying for so many insurances.
Be clear about these three insurances. They are not govt schemes to help the people. They are govt schemes to compel the people to pay for insurances that many could not afford to. Insurance is a luxury for those who could afford them. Many are trying to make ends meet and cannot afford such luxuries. Forcing them to pay for such insurances is to force them to cut down on other expenses.
No one would say no to having insurance if they could afford them. It is a no brainer to as anyone if they need insurance or if they want these insurances. But it is not what they want but whether they can afford it. All these insurance premiums are going to make a bigger dent into the shrinking CPF savings of the people. And the sillies are pretending they did not know why the biggest savers in the whole world could not save enough for their retirement. They did know want to know why the savings are being depleted, robbed, stolen, while the people are saving as much as they could, much more than any human bean in the world.
What is the big black hole? The committee claimed to be stressed by difficult issues on whether people could afford to pay and whether the payout would be enough. But they forgot or conveniently refused to talk about the big black hole.
They do not want to tell you what would happen to the excess cumulated fund from these schemes. They did not want to tell you that these compulsory schemes are profit making in nature, not to help you but to make money from you, from your compulsory payment of premiums. For many years, the excess funds collected were in the billions, but conveniently kept by the govt.
If the main objective of these schemes is to help the people, they must not be profit making in nature. Excess funds must be rechanneled back to the people in the scheme to lower the premiums they are paying.
The main objective of these schemes are not so paternalistic, altruistic, but to make money from you. Period. This is the glaring big black hole. You think they are really so caring, thinking about helping you, like raising GST to help the poor? It is all about making profits from you, from your life savings, from your retirement fund. They are forcing the people to pay for schemes that they may not want to make profits from the people.
I withdraw everything I said about this profit making motive if the govt comes out to say that these are not profit making schemes and all excess funds collected would be ploughed back to the schemes to lower the burden of the people in lower the premiums they have to pay.
As for now, you save, they spend for you. And when you don't have enough for retirement they would say you must save more.
Be clear about these three insurances. They are not govt schemes to help the people. They are govt schemes to compel the people to pay for insurances that many could not afford to. Insurance is a luxury for those who could afford them. Many are trying to make ends meet and cannot afford such luxuries. Forcing them to pay for such insurances is to force them to cut down on other expenses.
No one would say no to having insurance if they could afford them. It is a no brainer to as anyone if they need insurance or if they want these insurances. But it is not what they want but whether they can afford it. All these insurance premiums are going to make a bigger dent into the shrinking CPF savings of the people. And the sillies are pretending they did not know why the biggest savers in the whole world could not save enough for their retirement. They did know want to know why the savings are being depleted, robbed, stolen, while the people are saving as much as they could, much more than any human bean in the world.
What is the big black hole? The committee claimed to be stressed by difficult issues on whether people could afford to pay and whether the payout would be enough. But they forgot or conveniently refused to talk about the big black hole.
They do not want to tell you what would happen to the excess cumulated fund from these schemes. They did not want to tell you that these compulsory schemes are profit making in nature, not to help you but to make money from you, from your compulsory payment of premiums. For many years, the excess funds collected were in the billions, but conveniently kept by the govt.
If the main objective of these schemes is to help the people, they must not be profit making in nature. Excess funds must be rechanneled back to the people in the scheme to lower the premiums they are paying.
The main objective of these schemes are not so paternalistic, altruistic, but to make money from you. Period. This is the glaring big black hole. You think they are really so caring, thinking about helping you, like raising GST to help the poor? It is all about making profits from you, from your life savings, from your retirement fund. They are forcing the people to pay for schemes that they may not want to make profits from the people.
I withdraw everything I said about this profit making motive if the govt comes out to say that these are not profit making schemes and all excess funds collected would be ploughed back to the schemes to lower the burden of the people in lower the premiums they have to pay.
As for now, you save, they spend for you. And when you don't have enough for retirement they would say you must save more.
Subscribe to:
Posts (Atom)