'Predatory Loan' versus Colonialism and Imperialism

The Americans have been waving the flag of predatory lending and debt traps to attack China's investment and infrastructure building in the BRI Project. Predatory loans or lending as defined by Investopedia is 'Predatory lending imposes unfair, deceptive, or abusive loan terms on a borrower.' And many states, including those states that joined the BRI, have their own anti-predatory lending laws.' How valid is this American allegation or white lie on debt trap and predatory lending against China?

Most of the countries that have infrastructure building agreements with China are poor countries, many victims of western Imperialism and Colonialism.  The white men came, robbed them of their wealth and left them to do with whatever that was left of their countries, or not to do and live or die in perpetual poverty. Nearly a hundred years after the white imperialists and colonialists have left the colonised countries, many of these countries are still struggling to make ends meet and need money, technology to rebuild their economies, infrastructure and countries. The countries that should be doing this, for free, should be the former invaders, the imperialists and colonial masters that enriched themselves from the loots of these countries. But no, they would not do anything. They would not even provide loans with strings attached unless these countries could pay back.

This is an impossible dream to these poor countries. Who could they turn to for money and technology? Who could provide them with cheap loans to rebuild their infrastructure, to raise the standard of living of their people and to revive their economies? Not the West, not the white men, not the imperialists and colonial masters.

China was also a victim of the white scourge, having been invaded by the white men through wars, and nearly colonised. China had to pay war reparations and indemnities that resulted in bankrupting the whole country. The whites came, started a war, invaded and semi colonised China and made China pay for their war expenses and damages and compensation for their war effort.  This is the rule of the white imperialists and colonialists.

China has recovered from the ravages of white imperialism and colonialism and has extended a helping hand to the poor countries of the world, the victims of white imperialists and colonialists. China would help them with cheap loans and the technology to rebuild their countries. What is so wrong and so bad about these? China did not invade these countries, did not march in with guns and point at their heads to sign these infrastructure rebuilding projects. China went in to offer what China could do at a price they agreed, cheaper than the loans the white men would offer at high interest rates and strings attached.

The leaders of these countries have limited choices. Continue to live in their underdeveloped countries forever, with no money, no technology, they could not rebuild themselves. China offers them hope and they could negotiate on what they want, what they need, at a mutually agreeable price and terms. They have no money, but some have resources and raw material for exchange. Some could rent out their land and become rentiers like Djibouti. Whatever, the final terms of repayment are signed after tough negotiations and bargaining and agreed by both parties. These countries would have to work out the sums, what they could afford to have from their lists of wants and what they could afford to pay from their resources or national income. Period.

China and these countries signed economic, trade and infrastructure agreements on the basis of equality with both sides putting their negotiators to work out the deals. Unlike the days of imperialism and colonialism when the white men just marched in and took everything, yes everything, with their guns. Any resistance or objection would lead to massacres and mass imprisonment.

How bad and how false were the white men's allegations and lies about debt traps and predatory lending? These, when compared to imperialism and colonialism, were like being invited to a free party with food and booze. Imperialism and colonialism were banditry, daylight robbery, peppered with killings, massacres and slavery of the natives. Now the evil white men are calling a business contract signed by two willing partners, negotiated without duress, as bad, as cheating, as unfair.

Who were the unfair cheats? Who were the robbers, the murderers, the rapists of countries and nations? Who impoverished these countries, robbed them of their national wealth and now crying crocodile tears to want to defend them and their wealth, if any was still left for them?

Stop the white lies and repent and cough out whatever you robbed from these poor countries. Go and rebuild these countries for free! Yes, you owed it to them. You white invaders and warmongers also owe it to China, to repay the war debt, war reparation, war compensation and indemnities paid for invading China and other countries. This debt must be repaid one day, with interest for more than 150 years, and the amount marked to present value.

This is the white debt the West, the imperialists and colonial masters owed to the rest of the world. Stop your hypocrisy and start paying back in kind and in kindness. Stop your wars of destruction, stop killing the Muslims and Arabs NOW. Stop all your abusive sanctions against other countries and let them move out of poverty. And stop spreading more white lies.

America is not a democracy but a dictatorship run by gangsters and warmongers, by liars and cheats. There is no equality and human rights as preached by white men speaking in fork tongues. Equal rights and human rights are only for the white men, not for the blacks, not for the Latinos, Asians and coloured people. Stop the lies, stop the deceit. Look at the mirror, peel off your masks of white supremacy and white dominance.

No one is going to believe in your white lies and hypocrisies anymore. See the real devil in you, the white men, the trouble makers, the murderers, the devils in disguise!

The new Singapore heading towards oblivion

The Situation Surrounding Foreign Talents

   July 23rd, 2020

The foreign talent program started since 1980s have imported more than 3M foreigners into Singapore and converted about 1.5M largely from Malaysia, India and regional neighbours. The government has further endorsed their foreign talent program by using a new Singapore from Indonesia to sing our NDP. Whether the new Singaporean served NS or not, this is beside the point, the govt’s underlying intent is quite clear, the foreign talent program will continue and they will import and convert. I believe Singapore population will breach 6M before 2025 and heading towards 6.9M. As you can see, Hyflux’s was told to prepare for 8M.

My uncle had worked in MNC for 40 years and recently moved to a SME funded private venture and govt. More than 50% of the workforce are foreigners, a large portion are new Singaporeans or PRs. The management all non-local bornt. The issue is that they mostly do not hire Singaporeans, they hire foreigners. In one example, they hired someone from NTU engineering, they chose a Vietnamese scholar funded by govt and already a new citizen. So the whole company from middle to high management are mostly foreign bornt foreigners or PRs or new citizens.

Here comes some illustrations of the issues at the company. The Vietnamese new Singaporean was made head of design and paid near $10,000 a month was tasked to design new product. After two years, nothing was produced. The Indian PR a manager doesn’t much skills, wasting a lot of money buying materials in excess, there is something fishy there but no one cares. The Pinoy supervisor speaks very well but slacks at work most of the time and he hires his friends. The company was taking a lot of orders but could not deliver as this whole bunch of people were not really working, they are not focused and did not care if the company collapsed. So the investors and govt sent a team to investigate why the company was losing money, they sent another team of foreigners which are in totally different field. So this team without the expertise was smoked by the new Singaporean management. And till nothing had improved, they laid off people to save cost, largely local bornt Singaporeans.

My uncle said this has been the new normal in most companies, even the MNC he was working. Same issue, they import all kind of foreigners and the foreign population has increased to more than 50%. When this happens, they hire mainly foreigners or foreign bornt Singaporeans. As they have good jobs and pay, they convert to PRs or Singaporeans. Most of these foreigners are from third world, they are ill equipped with knowledge and skills, of course they are some good ones but rarely the case. This explains why the quality of work in Singapore companies has deteriorated to such extent. And if you call into Singapore call centres, you can probably tell the difference since they are manned by foreigners from India, Philippines or even some remote countries.

I believe this foreign talent branding is a cover to import third world foreigners and convert them to GDP growth and votes. Remember a third world Uptron Diploma not recognised in Singapore and the school had shut down was making $53000 a month and owning two condos. I had found so many foreigners who are having good jobs with either non existent schools or inferior qualifications. The question is why NTU, NUS and local degree holders were asked to retrain to be security guards or do low level menial jobs while these third world inferior work force are given good jobs?

The import of third world foreigners will never stop, the numbers will continue to grow, PR base will grow, PR is grouped as locals because having a big pool of PR will neutralise the exponential growth of local PMETs replaced by foreigners or unable to land jobs. The discrimination at work force is now becoming a norm and I had seen new Singaporeans fighting local bornt online and defending PAP. Some are getting very aggressive since their heads swelled due to the praises the govt heaped on them, they really believe they are talents and above locals. Of course they call these fighting as xenophobia but this is expected. If this has happened to other countries, people would have rebelled and walked on the streets.

Some foreigners are understanding the issue of non local bornt, even changed their names or remove their nationality from facebook profiles to pretend they are locals. We had a politician changing his Indonesian name to sound like local in recent election. We also had Internet Brigade has been promoting that Malaysians look and sound the same like locals. Yes. This is why more than 2M are in Singapore and 1M has converted to new Singaporeans.

The conclusion is there isn’t enough jobs for so many, this is why we are seeing many local PMETs plying PHV or self employed trades, forced out of their trades relatively young as 30s. This whole foreign talent scheme is just a camouflage, there is not much value except they brought massive people that fed GDP growth and the declining vote base of PAP. Foreigners are served local lunches and their forefathers did not toil and sweat like locals. Singapore workforce productivity and quality are in decline because of these massive third world semi skilled or unskilled labour, it is quite clear as things are failing more frequently than back in 1980s or 1990s. Looking at the floods, you know why floods are not once in 50 years but regularly now. The friction between locals and foreigners will grow exponential as more and more locals are discriminated, cannot find meaningful work or forced to retire prematurely from their career at young age.

As much as I will say, this scheme since 1980s will not stop, it will continue and the situation will get worst. Singaporeans need to mentally prepare to bite the dust since you voted for them.

DuGu QiuBai

The above article is posted in TRE. As a pioneer generation Singaporean, it is so painful to read what is happening to the Singapore we helped to build and now to be given away to foreigners in a silver platter. This is the new reality in Singapore.  The future of the original Singaporeans is bleak. This is what you voted for. At the rate it is going, it is too late for change. Now another 5 new years to increase the damage. Stupidity has no cure Singaporeans deserve this fate they bestowed on their children.

No body knows what is happening? Any MP raise this in Parliament or they are complicit to this state of affair?  Who is responsible for this shit?  The daft Singaporeans of course.

I have shouted until my voice is hoarse, lost my voice. Vote them out!  Alas, it is too late.

 

Covid19 - 4 vaccines on final stage trial, 3 are Chinese. Disgraceful Americans have none, NONE!

BRASILIA: A Chinese-made vaccine against COVID-19 entered the final stage of testing on Tuesday (Jul 21) in Brazil, where volunteers received the first doses of what officials hope will be a game-changer in the pandemic.

The vaccine, developed by private Chinese pharmaceutical firm Sinovac, became the third in the world to enter Phase 3 clinical trials, or large-scale testing on humans - the last step before regulatory approval.

Around 9,000 health workers across six Brazilian states will receive the vaccine, known as CoronaVac, in two doses over the next three months under the study....

Brazil is also helping carry out Phase 3 testing of another experimental vaccine, developed by Oxford University and pharmaceutical firm AstraZeneca....

Another vaccine, developed by state-owned Chinese company Sinopharm, also entered Phase 3 trials this month in the United Arab Emirates.

Studies published Monday in British medical journal The Lancet found two vaccine candidates were safe and produced an immune response in Phase 2 trials: The Oxford vaccine and another Chinese-made vaccine, developed by pharmaceutical firm CanSino Biologics together with the Beijing Institute of Biotechnology....AFP/CNA

In another AFP report, WASHINGTON: US President Donald Trump expressed a willingness on Tuesday (Jul 21) to work with China or other countries to bring a successful coronavirus vaccine to the United States, despite rising tensions between Beijing and Washington.

Trump forgot that after all his wild allegations and attacks against China, would China still want to work with him or the Americans when the Americans have no clue about how to develop a Covid19 vaccine and still struggling to get their hands on this virus? Very likely China is going to tell this scoundrel of a liar to go to hell. You want to work with China or want to steal China's vaccine formula? Aren't Trump been accusing China of stealing American vaccine secret formula, like 5G when the Americans did not have any of these formula?

Now Trump wants to work with China when the Americans have nothing to contribute? Remember the space station project, banning China from participation, now China is going to ban the Americans from the Chinese Space Station. No Americans allowed in China Space Station. 

And China would work with Brazil and UAE but NEVER with the Americans to finalise this Covid19 vaccine. And the Americans would be the last to be sold the vaccine.  3 Chinese companies out of 4 in the world are in the final stages of successfully creating this vaccine. No American companies is anywhere near them.

China would not work with the Americans on the vaccine. Go and fumble and mess around with the Covid19 virus yourself and let the virus eats up the American population the way it is designed to do so, and with fumbling idiotic Trump making it easier for the virus to kill more Americans.

How come USA got no 5G, got not vaccine on final trial and still dare to accuse China of stealing their 5G technology and Covid19 data?  Stop lying you silly Americans. There is nothing to steal from you. You have nothing worth stealing. No body believes in your lies anymore. You are lying once too often. And that big piece of fat called Pompeo even confessed that he lied, he cheated, and he stole.  How to believe in the American liars? Your lying is a sign of incompetence, trying to cover up your inadequacy, no 5G, no vaccine but pretending that you have. LIARS!

It is the Americans that are trying to steal Chinese 5G technology and Covid19 vaccine formula. Period.

COVID19 PANDEMIC - INFECTIONS AT SINGAPORE WORKERS' DORMITORIES NO END IN SIGHT

After 4 months, the situation of COVID-19 infections is still not under control inside Singapore’s foreign workers' dormitories.

As reported by the Health Authority, there are between 200 to 400 cases on the average every day. This is not acceptable. It is taking too long to weed out infections inside the workers' dormitories. This will definitely spill over to the community once the foreign workers are allowed to leave their dormitories.

What does this mean?

Probable Answers:

1. The relevent leaders are probably taking it too easily or they still have no clue how to deal with it efficiently and effectively.

2. The Ministry for Health does not have any concrete viable plan to stamp out COVID19 infections in the foreign workers' dormitories on an urgent basis.

3. The policy could be to allow as many of the foreign workers be infected by the COVID-19 disease so as to achieve "Herd Immunity" on a large scale. If this is so, then it is not only foolhardy but also cruel and ruthless.

Whatever the reasons for the lacklustre actions, in the mean time, the workers are still being exposed continuously to infection and re-infection again and again, and are living like prisoners.

Even though many people have been reported "recovered" or "released from hospitals", their lungs and other organs could probably have been damaged beyond repair for life!

We know that only our liver can heal itself, if not badly damaged. However, all our other organs once damaged cannot repair themselves.

The damaged organs may not function in full force again and may lead to secondary causes of death in the future, unknown to the health authories or the sufferers/victims.

Therefore, it is wise not to let ourselves be infected by the Covid-19 coronavirus at all costs. Take all the necessary precautions to ensure that you stay alive in full health happily.

Never allow ourselves to be used as Guinea Pigs by any ruthless, unethical, immoral or easy-way-out policy formulated by unwise and imperfect men - politicians and scientists alike. We do so at our own peril.

May all be well and happy!
May all enjoy good health and longevity.
May all have the will to see things as they are.
May all stay in perfect equanimity!


The LOOP - July 2020.

PS. I would add a couple of comments to the above LOOP article.
The virus in Singapore are very well trained and very smart. When they knew of the impending GE, it held back its infection. The rate of 300/400 was the rate just one week before Nomination Day. When Nomination Day was announced, the infection fell to below 200.  And this number remained practically the same through the 10 days before Polling Day and lasted another 2 days for the winners to celebrate.  After that the virus said ok, time to return to normal infection again...and so we are now having 300/400 cases again.

We must all say a big thank you to the very clever virus we have in this island. The virus knew exactly what was expected of them, to let Singapore have a GE with little fear of high infection rate.

The second point about herd immunity. it doesn't work this way. If herd immunity is only among the foreign workers, they would not be infected, but they could still be carriers of the virus and could go around infecting the rest of the population that did not have herd immunity.

redbean

Is asking a question to clarify a perception spreading falsehood?

Dr Chee had asked the People’s Action Party’s Dr Vivian Balakrishnan if he could “categorically tell Singaporeans right now that your party has no intention of raising our population to 10 million by continuing to bring in foreigners, especially foreign PMETs, into Singapore to compete with our PMETs for jobs”.

Dr Balakrishnan responded by referring to a statement issued by the Prime Minister’s Office that day advising people not to indulge in falsehoods. He added: “Let me state for the record. We will never have 10 million. We won’t even have 6.9 million. The government doesn’t have a target for the population. What we want is a Singapore core that is demographically stable, able to reproduce ourselves, able to create opportunities and jobs for ourselves and able to stay as a cohesive whole. It is not a target and it’s certainly not 10 million and you are raising a false strawman. That is a false statement.”

The above is from www.theindependent.sg

Is asking the govt to confirm something spreading on the ground amounts to spreading falsehood? This kind of logic is what I called, contrived power logic. It is only logic when you have power behind the person using it. It would never be accepted as logic but swallowed grudgingly by the hapless.

Singaporeans have been forced to accept this kind of power logic far too often, like the 200m ruling when inside the polling centre is not within the 200m radius range. Go ask a primary school kid and he would instantly tell you it is wrong. Forcing our children to accept this as logical reasoning is making Singaporeans more stupid.

Anyone using this kind of power logic in the kopitiam would invite all kinds of vulgarities and even black eyes if one is too stubborn to insist on it.

What do you think, tiok boh? Asking to confirm yes or no is spreading falsehood? Not clarification?