Western media and fake news writers are gloating and churning out daily news of how the 5 eye countries are locking out Huawei from entering their markets. The pseudo white state of Japan also followed suit to cut out Huawei from the Japanese market, but not without consequences. The contracts signed earlier with Huawei came with termination clauses and compensation just like the contracts Chinese developers signed with Malaysia. It is easy to terminate the contract, but please pay compensation.
The issue of this 5G battle is not about money. It is about leading edge technology and a great leap forward into the future. 5G technology is the most advanced AI and communication technology to date and no country wanting to move rapidly into the future, to harness the full power of wireless and ultra high speed communication that are the foundation of more advanced technological processes can do without.
The smart countries that are looking to tap on the power of 5G would not want to miss out on being the first mover in embracing 5G power. India, a hardcore anti China state, knows too well what they would miss or what they would gain to jump on to the 5G high speed train. India is not the only big country that would want to miss this opportunity to jump ahead of the western world. France, Germany and several European states too would not want to miss out and be left behind because the Americans said so. They are also into 5G and accepting Huawei technology. The Americans and the West have no answer to Huawei's 5G prowess for the foreseeable future, 5 years, 10 years, who knows, before they could catch up with Huawei. And in infotech and AI, losing 5 or 10 years is like losing eons and once left behind, there is no way to catch up.
Britain, one of the 5 eye countries, is contemplating and could just break out from the American dictate. Britain in ambitious and would not want to be a laggard, to be left behind by France and Gemany. The consequences of missing out on the 5G bandwagon are disastrous and Britain cannot afford it.
What is happening today is not the 5 eye countries plus Japan shutting out Huawei. It is a self isolation policy that shuts themselves from the rest of the world, from the benefits and advancement that 5G would bring along. These countries' stubborn and stupid refusal to accept Huawei's 5G is like cutting their nose to spite their face. They would become the dodos in the highly competitive and superlative race to the future. They would be left behind while the rest of the world rushes forward in full steam, at the speed of light.
The 5 eye countries would be the failed states of the future, the vagabonds, struggling to hang on to an antiquated 4G technology, the underdeveloped states of tomorrow. They would suffer the same fate of 19th century China that refused to embrace future technology and advancement to benefit their people and become the pariah states in the world. History is repeating itself, this time with karma playing a role to extract vengeance on the evil doers of the past.
Huawei has signed up 25 major contracts to implement 5G technology, working with more than 170 countries and the number is growing. A valued technology would find many takers despite the sour grapes conspiracy to block it.When the rest of the world embraces 5G, how would the 5 eye plus one states look like, cavemen in the Stone Age?
12/30/2018
White racist attacking a Chinese
12/29/2018
Leong Sze Hian's defence fund
Leong, in the meantime, is hoping to raise at least $10,000 for his
defence fund. You may contribute through the following channels:
Account Name: Leong Sze Hian
POSB Savings 064064070
Paynow S0009739Z
Paypal ecuadortrade@yahoo.com.sg"
For those who would like to donate to Leong Sze Hian's defence fund, you can use the above accounts at your convenience.
Account Name: Leong Sze Hian
POSB Savings 064064070
Paynow S0009739Z
Paypal ecuadortrade@yahoo.com.sg"
For those who would like to donate to Leong Sze Hian's defence fund, you can use the above accounts at your convenience.
Abacus Bank - Racist indictment of a small bank during the subprime crisis
The causes of the subprime crisis in 2008/9 were very clear by now and how leniently the big US banks were treated by the US govt. No one goes to jail. No big banks were indicted. Yes, all the American banks were treated with special care like they were family despite the huge fraudulent packaging of foul property products and sold to the public.
There was one incident that very few people outside the USA heard off involving the abusive indictment of a small local bank in New York for subprime crimes. 182 charges were slammed at this small bank as if it was the main cause of the subprime crisis. Why? The bank was owned by a small group of American Chinese operating in the Chinatown district of New York.
Here are some of the comments in Wikipedia about this racist indictment of a small Chinese owned bank in the so called rule of law country, the protector of human rights, rights of an individual and democracy. The police charged into the bank and handcuffed all the employees and linked them onto a long chain before parading them out of the bank like the days of black slavery. White supremacist marshalls rounding up black slaves in chains.
In May 2012, New York prosecutors from the Manhattan District Attorney's office indicted the bank and 19 of its employees on charges of fraud in relation to hundreds of millions of dollars' worth of mortgages that had been sold to Fannie Mae between 2005 and 2010. The bank was accused of falsifying loan applications so that borrowers would qualify for mortgages. Abacus argued that it uncovered the improper behavior itself, reported it to the regulator, and fired the employee in question. It also said it was not involved with the fraudulent packaging of subprime mortgage securities and had a mortgage default rate of 0.5%, a tenth of the national average.
Verdict
The bank, along with its former Chief Credit Officer and its former loan supervisor, were acquitted of all charges brought by the New York prosecutors in a jury trial in New York Supreme Court on June 3 and 4, 2015. (After a long 5 year legal battle defended by the legally trained daughters of Sun Quchen, the founder of the bank).
The aggressive prosecution of Abacus, in contrast to the relatively lenient treatment received by large banks, was questioned and criticized by various media outlets. It was criticized by journalist Matt Taibbi in his 2014 book The Divide: American Injustice in the Age of the Wealth Gap.
The story is told in Steve James's feature-length documentary Abacus: Small Enough to Jail, which had its premiere at the Toronto International Film Festival, September 11, 2016. It was broadcast nationally on PBS Frontline on September 12, 2017. Abacus: Small Enough to Jail was nominated for the 2018 Academy Award for Best Documentary Feature.
The above brief showed how racist and discriminatory was the American administration in Washington and how they victimized law abiding minority citizens in fake and fraudulent charges and abusing them with the rule of law and the justice system. This was the only small bank, or the only bank attacked by the American administration for subprime crime when the guilty parties, all white banks were spared from such abuses.
You can read more about the racist white regime in the USA and reflect on how they are dealing with Huawei and the illegal and outrageous arrest and treatment of Meng Wanzhou, even knowing that the whole deal was political but refusing to admit that it was political and refusing to release Meng claiming that they were following the rule of law. It is white man’s rule of law applied to coloured people in the USA and the rest of the world. Such injustice must be put to an end and the hypocrisy of the white men must be shamed in public.
There was one incident that very few people outside the USA heard off involving the abusive indictment of a small local bank in New York for subprime crimes. 182 charges were slammed at this small bank as if it was the main cause of the subprime crisis. Why? The bank was owned by a small group of American Chinese operating in the Chinatown district of New York.
Here are some of the comments in Wikipedia about this racist indictment of a small Chinese owned bank in the so called rule of law country, the protector of human rights, rights of an individual and democracy. The police charged into the bank and handcuffed all the employees and linked them onto a long chain before parading them out of the bank like the days of black slavery. White supremacist marshalls rounding up black slaves in chains.
In May 2012, New York prosecutors from the Manhattan District Attorney's office indicted the bank and 19 of its employees on charges of fraud in relation to hundreds of millions of dollars' worth of mortgages that had been sold to Fannie Mae between 2005 and 2010. The bank was accused of falsifying loan applications so that borrowers would qualify for mortgages. Abacus argued that it uncovered the improper behavior itself, reported it to the regulator, and fired the employee in question. It also said it was not involved with the fraudulent packaging of subprime mortgage securities and had a mortgage default rate of 0.5%, a tenth of the national average.
Verdict
The bank, along with its former Chief Credit Officer and its former loan supervisor, were acquitted of all charges brought by the New York prosecutors in a jury trial in New York Supreme Court on June 3 and 4, 2015. (After a long 5 year legal battle defended by the legally trained daughters of Sun Quchen, the founder of the bank).
The aggressive prosecution of Abacus, in contrast to the relatively lenient treatment received by large banks, was questioned and criticized by various media outlets. It was criticized by journalist Matt Taibbi in his 2014 book The Divide: American Injustice in the Age of the Wealth Gap.
The story is told in Steve James's feature-length documentary Abacus: Small Enough to Jail, which had its premiere at the Toronto International Film Festival, September 11, 2016. It was broadcast nationally on PBS Frontline on September 12, 2017. Abacus: Small Enough to Jail was nominated for the 2018 Academy Award for Best Documentary Feature.
The above brief showed how racist and discriminatory was the American administration in Washington and how they victimized law abiding minority citizens in fake and fraudulent charges and abusing them with the rule of law and the justice system. This was the only small bank, or the only bank attacked by the American administration for subprime crime when the guilty parties, all white banks were spared from such abuses.
You can read more about the racist white regime in the USA and reflect on how they are dealing with Huawei and the illegal and outrageous arrest and treatment of Meng Wanzhou, even knowing that the whole deal was political but refusing to admit that it was political and refusing to release Meng claiming that they were following the rule of law. It is white man’s rule of law applied to coloured people in the USA and the rest of the world. Such injustice must be put to an end and the hypocrisy of the white men must be shamed in public.
Mahathir, Trump for National Day medals
When the next National Day comes around, we should present Malaysian Prime Minister Mahathir Mohamad and US President Donald Trump with medals for unintended lessons in national education. We should invite them here and hang the medals around their necks. I’ve already had the names of their medals worked out. For Mahathir, I’ll simply call it the WNLYWNE (With Neighbours Like You Who Needs Enemies) medal. For Trump, it’ll be the HTBYFBT (How To Betray Your Friends Big Time) medal, pure and simple. If you find the names jarring, I apologise. But clunky names usually come with clunky acts.
First the WNLYWNE medal. Singaporeans, especially PM Lee, are grateful to Mahathir for rising from the dead (he said at 93, he ought to be dead) to lead Malaysia on another beggar-thy-neighbour incursion into Singapore waters. Move over Pedra Branca, here comes Johor Bahru port! While Pedra Branca only had a few Malaysian vessels flitting in and out of its waters, the JB port actually had them parking brazenly in front of our summons aunties who couldn’t do a thing about it. But why the gratitude to Mahathir? For years, our PM Lee has been talking himself hoarse about external threats without eliciting a pulse from comatose Singaporeans. Then he got lucky. Enter Mahathir who did the job for him. Now Singaporeans know mushy stuff like external threats and national defence are not play, play. They are very real - as real as the mobilisation exercise that roused those RSAF servicemen from their Sunday siesta that Dec 10 afternoon. For helping PM Lee open Singaporeans’ eyes, Dr M richly deserves the WNLYWNE medal.
Next the HTBYFBT medal, which Trump also richly deserves. Read the headline of yesterday’s Straits Times article (28 Dec) by Leslie Fong and you will understand why - “The perils of trusting America: A reminder for Asian allies”. It was an essay on the US’ well-documented abandonment of allies - from the Hungary in 1956 through Vietnam and Cambodia in 1975 to Syria last week. When Trump precipitately announced that he was bringing the boys home from Syria after the “defeat” of ISIS, he made PM Lee’s job of justifying Singapore’s jaw-dropping defence budget that much easier. Nobody will fight your fight for you. You will have to do the job yourself. Just read Donald “America First” Trump’s tweeter on his Syrian pullout - “Does the USA want to be the Policeman of the Middle East, getting NOTHING but spending precious lives and trillions of dollars protecting others who, in almost all cases, do not appreciate what we are doing? Do we want to be there forever?”. For that - and for simplifying PM’s job - Trump deserves the HTBYFBT medal around his neck. Just don’t pull it tight.
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