High time to raise interest rate

Speaking in the run up to the gathering of the great and good of policy making and finance, IMF chief Christine Lagarde has called the outlook for growth "precarious" and warned that years of high public debt and low interest rates over the past decade have left many countries with limited room to act when the next downturn arrives.

Read more at https://www.channelnewsasia.com/news/business/take-five--panic-over--world-markets-themes-for-the-week-ahead-11418498

Debt, living on debt, is the opiate of the new western economy.  All their economic and monetary policies are debt based, printing money to buy debt after debt, and kicking the can further down the road. How long can this last, how much more money to print before everything collapses under the weight of debt?

Below is a summary of American debt compiled by a Kimberly Amadeo.
 
'The U.S. debt was $22 trillion as of February 11, 2019. Most headlines focus on how much the United States owes China, one of the largest foreign owners.... In January 2019, China owned $1.126 trillion of U.S. debt. It's the largest foreign holder of U.S. Treasury securities. The second largest holder is Japan at $1.07 trillion....That's when it increased its holdings to $699 billion, outpacing the United Kingdom's $640 billion. 

Brazil is the third largest holder, with $305 billion in Treasurys. Ireland owns $270 billion, while the United Kingdom owns $272 billion.

Luxembourg is sixth at $218 billion. The Bureau of International Settlements believes it is a front for sovereign wealth funds and hedge funds whose owners don't want to reveal their positions. So are the Cayman Islands, holding $208 billion, and Belgium at $192 billion.

After Luxembourg, the next largest holders are Switzerland, Hong Kong, Taiwan, Saudi Arabia, and India. They each hold between $145 billion and $228 billion.'

The American debt has reached such enormous proportion that everything the Americans are doing is revolving around servicing this mountain of debt. One key point to note is that US Treasury cannot afford to raise interest rate as every 1% increase in interest rate would mean another US$220 billion of interest to pay. This sum is equivalent to the GDP of many countries around the world, including that of Singapore. The Americans cannot afford to continue to service their debt, which at an average of 2% of T bills will amount to US$440 b! A 1% increase in interest rate will balloon the interest to be paid to US$660 b! This is just to service the interest alone, not repaying the principle owed, an amount equal to the American defence budget.

While the rest of the world is held ransom by the Americans to live with low interest rate, there would be a time when the rest of the world, eg EU, China may decide to take the initiative to raise interest rate and sink the American economy into the abyss with their debt mountain. Living on low interest rate to drive the economy may no longer be an option as Lagarde has said above. The Americans would not and could not raise interest rate for their own good. The others can, just like FAA would not call out Boeing 737 Max, China's CAA could. China or EU just do it, make the first move to raise interest rates.

When would the next economic downturn come and bring down the world economy with it?

Western catchphrases against China

Rule of Law, democracy, human rights, lack of transparency, theft of IP, debt traps, national security, China has no respect for international laws and agreements, China is a communist countries, state owned enterprises(SOEs) etc etc. All western journalists and half baked academics and CIA sponsored operators aka journalists or anal-lysts would spout these phrases as second nature, like taking breakfast and lunch. And Asian bananas would think it safe and right and correct to spout the same nonsense as a credibility badge or badge of honour. They cannot be wrong to utter the same phrases coming out from the fake western anal-lysts.
 
I think they have missed out a lot about how great the Americans and the West were and have been doing so successfully for peace and prosperity of this world. These anal-lysts have forgotten to praise the Americans and the West for their great achievements while devoted their full attention to badmouthing and smearing China.
 
Think again, how successful the Americans and the West are in formenting turmoil and incessant warfare in the Middle East and every corner of the world. It is because these people are wasting their time fighting among themselves and destroying their own countries and the lives of their own people that they have no time or not much time to create problems and troubles for other countries. They are so preoccupied in their own killings in their own countries and that allowed the rest of the world to live in peace. Thanks to the great effort put in by the Americans to keep them very busy.
 
Great job Americans and the West. Well done. They together deserve to be given a Nobel Prize for Peace just like Obama, and Trump in the waiting list as the next best candidate for Peace Prize. He will get his well deserved peace prize when he invaded Venezuela and start a war in his backyard, in Latin America so that the rest of Latin America and North America can live in peace.
 
Common western journalists and academics and bananas, do the honour to praise the great works of the Americans in the Middle East and paint them some glowing accolade.
 
Asian media should be more original, instate of being guided by western catchphrases and narratives, try to write or produce programmes starting from a different angle, the Asian angle, with Asian viewpoints and interests, and Asians behind the news or programmes. It would be more refreshing than just blindly apeing and regurgitating western narratives. Originality, creativity and be different, be Asian instead of stale news like debt traps, rule of law or badmouthing China. Incidentally when the West uttered we are a rule of law country, they are saying China is lawless, no rule of law. What about the outlaws in the USA and Canada? Any idiot that uttered this phrase in front of Chinese officials is going to get brickbrats from them.
 
I think they need editors or thinkers like redbeans to teach them new tricks of the trade to gain some credibility and respectability as independent news producers with independent thinking, not parrots of the West.

USA Evil Plot For South East Asia

                                    PART     ONE

The Evil Empire has no interest in a peaceful world. It thrives on permanent warfare in the service of the Anglo-Saxon Jewish Zionists Rothschild Cabal and the 1% elites war barons in Wall Street and Washington. US now has over one thousand military bases all over the world not just to contain Russia, China, Iran and DPRK but to hold all other countries in servitude and fear .

USA the Evil Empire of choas has since the 1600s inherited from its forebears the satanic British Empire the inherent penchant for wars of aggression and conquest. White men from Europe first went to America empowered by an aggressive militant religious doctrine " The Doctrine of Christian Discovery " to search for non-Christian lands to conquer and to dispossess and kill all those natives who refused to be converted to Christianity. Armed with this pathological doctrine and subsequent other evil doctrines like the ' Doctrine of American Manifest Destiny " and  US Exceptionalism " the satanic United States went on a never ending rampage of conquests of all the then existing independent native American states, killing, murdering, and genociding all the natives.

This was followsed by decades of never ending wars of conquest against Mexico from 1840s to 1890s. Having conquered all the lands in continental North America except for British Canada the Evil Empire cast its evil eyes for territorial expansion across the Pacific and Atlantic ocean. From 1890s to 1905 It destroyed the Hawaii sovereign nation , deposed its queen and took control of the Hawaii Kingdom by force beforc formally  annexing it in 1957.

Other Pacific Ocean islands were similarly conquered including Guam and the Philippines which the Evil Empire occupied and ruled brutally from 1898 to 1948.

The Evil Empire thirst for aggression and conquests seem to be endless It has openly stated that it intends to form a one world order under the total control and hegemony of the United States. This evil dream and intent of subjugating the whole world under US dominant control and hegemony however is objected and fiercely opposed by all countries in the world and vehemently challenged by Russia, Iran, North Korea and China.

The Evil Empire created endless brutal wars in the Middle-East with the objective to obtain full control of the region so as to grab the rich oil and mineral resources of the region. However, it is checkmated by the Russians in Syria and face strong opposition from Iran .

As its aggression in the Middle East faces temporary setback it strikes out against its backyard neighbours in Latin America . Venezuela is now facing the gaunlet of American aggression. Other victimised countries are Cuba, Bolivia, Nicaragua, Honduras, Guatemala, Panama, El Salvador, Mexico, Ecaudor, Chile, Brazil, Peru and Argentina.

However the Evil Empire's plan of military intervention in Venezuela is now thwarted by Russia which has been officially invited by the Venezuela government of Maduro to send both civilian and military aid in helping Venezuela to resist American aggression. US now resorts to subterfuge of economic sabotage like sanctions, blockade, cyber warfare and destroying Venezuela's power stations.

With its aggression being stopped by Russia in Syria and Middle East and now in Venezuela, the Evil Empire is now planning to shift its war of aggression in the South China Sea posturing a geopolitical action against China to constrain and contain China;s peaceful development under the guise  of freedom of navigation and under the false pretension of helping the South China Sea littoral states vis-a-vis China.

In actual fact the Evil Empire intends to eventually take control of the South China Sea so as to grab all the vast oil and mineral resources under the sea bed. To achieve this sinister objective it has to instigate and foment wars among the South China Sea littoral states against China. This will both enable the US evil Pentagon's Military Industrial Complex to sell billions of dollars of its military hardware and weapons to the unsuspecting South East Asian countries and to eventually hold sway over the entire region up to Papua New Guinea and Australia.

If the South Chiona Sea countries are not careful they will fall into the insidious trap of US evil designations. South East Asian countries must think carefully whether US is a friendly benign power or a satanic power bent on subjugating the whole world in slavery to its evil dictates and machinations.

In the 242 years of its independence from Imperial England, US has fought not less than 230 years of aggressive wars of conquests and domination leaving behind endless trails of death, killings, murders and genocide of native people and causing tremendous pains and sufferings to the fateful survivors who are kept in isolated derelict places which they call " Native Reservations " an euphemism for concentration camps. In the concentration camps the natives are ill treated and starved with very meagre food and limited water supply. They are given laborious low lying jobs with no pay or little pay. Their women folks are being sterilized with injections to prevent them from being able to procreate. Their children are being taken away from the warmth of their parents and family and most of them die a miserable death due to bad treatment and starvation. This abominable practice is still carried on in United States and Australia.

                          PART     TWO

China, a civilization of more then 5000 years where the people are known as the Han people had never attack or invade other countries except for two short periods where the Chinese themselves were attacked and invaded by the Mongols and the Manchus. The Mongol invasion of China , Asia and Europe was short lived . The Manchu invasion of China, Burma, Indo-China and Japanlasted a little longer from about 1644 to 1911 .

But China like most other countries in the world and ain all the continents were soon succumbed to 500 years of the most abominable western imperialism and colonialism. This western imperialism adopted a policy of divide and rule and subjected all invaded countries to slavery and servitude and unlimted exploitation of their wealth and rich natural resources.

From the period of the Opium Wars 1832 - 1856 to early 1940s China was torn asunder, her lands ripped apart and occupied and colonized by England, France, Germany, Holland, Japan, Russia and United States. It was not until 1949 when China after a long struggle and fight against these imperialists managed to unite and coalesce again as a great country under the leadership of the Peoples Liberation Army - PLA , led by by Chairman Mao Tse Tung and his colleagues with the patriotic of the Chinese people.

With the example of China shaking off the yoke of Western imperialism and colonialism , China showed the way and helped all the Asian countries to fight and struggle for independence after the Second World War in 1945.

But the western imperialists and Japan were not happy that because of China they had all lost their colonial empire. The British lost India, Burmaand Ceylon after over 300 years, the Dutch of Holland lost Indonesia after 400 years of occupation, France lost Indo-China after about 100 years and of course US lost the Philippines after about 60 years. Japan was driven out of Asia and China by the Chinese people.

However, because of the grievous grudge the imperialists West and Japan bear against China for the lost of their empire and colonial territories they have never stopped as a revenge to demonise China and to to paint China in a bad light in the same canvas of evil western imperialism. In doing so they hope to stir up animosity and hatred among the South East Countries against China which has acted as a bulwark against return of western imperialists now epitomize by US wild ambitions.

US has since the end of Second World War fought many endless wars of aggression and conquest killing over 20 million innocent lives and causing immeasurable suffering and pains to many more millions of others. The wars on DPRK, Iraq, Libya, Afghanistan. Somalia and Yemen and many others were savage, brutal and most inhuman in cruelty.

Now South Eazst Asian countries and their leaders have to think wisely and decide which country is evil and post great danger to their countries. USA has never stopped attacking and invading other countries since its independence. It is on the verge of invading Venezuela now. It is sowing seed s of choas and dissension in many other countries in South and Latin America and in many countries in Africa and Central Asia. All these evil plot for what if not for the pruposxe of enabling the Americans to grab power, riches and wealth in the service and for the benefits of the Anglo-Saxon Jewish Zionists Rothschild Cabal and 1% elites  of the rogue robber barons in Wall Street and Washington.

Has China ever invaded your country both past and present? Has China ever exploited your country? You think for youselves. The answer is definitely NO.

China has amicably settled and signed border treaties with 14 of its 16 neighbouring countries except India and Japan. In dia wants to hold on to the mantle of British imperialism by holding on to Chionese llands forcibly taken from China by the British. Japan refused to to return to China the Diao Yudao and the iu Chiu islands.

South East Asian countries must be wise and not fall into the US trap of plunging the South East Asian region into another warfare of endless dimensions and quagmire just for the benefits of the American imperialists.

It is worth to preserve the peace and live in harmony with China. Sleeping with the predatory American eagle is a sure sign of death and potential demise of your country.

Southernglory 1

Monday, 8th April, 2019


                         

How important is fake news to our govt?

The length and time spent on this fake Bill could sum up how important is fake news to the govt. No issue in Parliament has had such an extensive discussion and coverage in the main media. Think of the time and manpower expended to explain this bill, the cost involved has been quite staggering.
 
What is the outcome of the debate so far? Govt’s power in fake news Bill not absolute, govt must make first call but there is legal safeguard for those who disagree with the decision. This is the headline in thenewpaper. Also in the same paper is a comment by a former US Secretary for homeland security, Michael Chertoff who said, ‘when it comes to laws against fake news but there are no easy answers’. It was also reported that ‘he refrained from commenting directly on the draft laws Singapore introduced on Monday to combat fake news, he said it was useful to draw a distinction between a “clear falsity” and opinion.
 
Was it out of respect or caution that this former US secretary refrained from commenting on our fake news Bill? Americans are well known for shooting their mouths with no respect for anyone or country when they think something is not right. Freedom of expression is a core American value that would not be easily challenged or cast aside. But he did said that one has to be careful about a clear falsity and to respect or recognize opinions if I read him correctly.
 
Chertoff was quoted to have said, ‘Rather than debate aspects of misinformation that are outright deceptive – such as impersonation and intervention by foreign entities – the harder question to answer is what constitutes fake news.’ Not difficult at all when Singapore is concerned. In Singapore, fake news is when chenghu said it is fake news. Period. If you don’t agree, go to court, provided you have the money to pay for expensive legal fees.
 
Another taken for granted fake news is political propaganda and agenda in the main media. These are accepted as the conventional truth without the need to question where it is coming from, especially when it came from the Americans or the West. Our silly bananas would swallow them hook, sinkers and line as the gospel truth. In Singapore, the official position is that main media never lies, never spread fake news. So, other than chenghu said so, what you read in the main media are by professionals, all well researched, verified and documented and must be real, including from foreign journalists and wildlife. There is no need to question what is printed in the main media, only question the suspected social media that are supposed to be telling lies and spreading fake news, like mysingaporenews.
 
Ok, this is my opinion, just my opinion.

'UOB fit' or foreigner fit

Not Asian, so no job? No proof UOB discriminated against London banker, but there was unfair dismissal A former senior officer with the United Overseas Bank (UOB) who accused the bank of denying him a new job because he is not Asian has lost a racial discrimination claim at a London employment tribunal. The above is reported in Today online. Can you believe this angmoh has the audacity to sue UOB for dismissal on the ground of him being non Asian? Did he believe that Singapore is still a British colony and angmoh tua kee, that he could walk around thinking he was 10 foot tall because he was an angmoh? Asian companies, particularly Singapore companies, must take note of this risk of being spuriously sued by angmohs and foreigners for providing jobs when they could not find jobs in their home countries. Singapore companies do not owe these foreigners any duty or obligation to solve their unemployment problem and should not be unduly stressed by employing them and to be treated exceptionally because they are foreigners. Why risk having such silly problems when they could hire Singaporeans and provide jobs for Singaporeans and take care of Singaporeans? Hope UOB and other Singaporean companies learn from this episode and avoid and reduce their employment of foreigners. Foreigners are not really tua kee. Most of them are rejects from their countries, could not find employment in their own countries, so have to run away to this corner of the world to look for jobs. There is no need to bend backwards to hire these wildlife. The wildlife think they are special and Singaporeans are stupid, Singapore owes them a living. And they think they can come here to beat up daft Singaporeans as and when they like.  Who is creating this wildlife problem in Singapore? Who is putting the safety of Singaporeans at risk? The day when Singaporeans walk the streets in fear of wildlife would be the day Singaporeans lose their country.