China will do very well by not learning from the corrupt West

There is a Bloomberg article in the ST yesterday about the great pay gap between the American and Chinese bankers. As an example, it said that ‘For every US$1b of profit, investment bank JP Morgan, the biggest US lender, pays its chief executive and chairman Jamie Dimon US$1.21m, Industrial and Commercial Bank of China, the world’s most profitable, gives its top executive Jian Jianqing US$9,400.’ Dimon’s total package last year was around US$23m while Jian was about US$300k.

The disparity is probably as wide as the income gap between the rich and poor in Sinkieland. The article also said that the gap would be narrowed in a matter of time. It would, but hopefully China would not be as crazy as to go all the way like the crazy American white collar crooks. The salary of their political leaders is another example of China refusing to do the wrong things and ape the West blindly. They are not going to restrict the number of banks and not going to let them grow to become too big to fall. This is something that will keep the Chinese income gap and inflation in an even keel. Remember, all the big money paid to top bankers, CEOs and govt leaders eventually is paid by the people. It comes from the people that they robbed indirectly.

Despite the hue and cry about property prices falling, the Chinese are not going to do the same crazy thing to let property prices go sky high. The developers are trying to frighten the govt by claiming prices would collapse. They did not know that there are more than 1.4b Chinese waiting for cheaper properties and waiting for the prices to fall. The Chinese have brilliant scholars and administrators who are studying the developments around the world and could see the pitfalls of high property prices. They are going to introduce more curbs and control measures to keep property prices low.

There are many things the Chinese are learning since they joined the world community in the last 60 years and they are very discriminating in what they would adopt and apply to their country. Heh heh, high property prices and high salaries are not in their cards, at least if the current leaders have their way. They are not daft, like Sinkies. Hope they don’t turn their stockmarkets into doubles of Wall Street, and allow computers to trade against small investors, and not to allow derivatives and snake oils to be sold in their markets. By not aping and copying the West blindly, the Chinese would do well and protect themselves from the greed that is destroying the western economies and system.

PS. For those wondering why I wrote so many articles about China, US and east and south east Asia, these are my academic interests. No man is an island and we must look beyond the little wells we live in. The world is so interconnected that everything affects us in one way or another.

Japan, the day of reckoning beckons

Flashing across several newspapers was Japan’s call on China to protect its citizens amidst public protest over the landing of Japanese nationalists in Diaoyu Island in a tit for tat move by the Japanese. This brought back vivid memories of the early 20th Century, the days of Shanghai Bund, of foreign concessions in China. During those dark days of China’s history, when foreign soldiers were stationed inside China, including several of the big cities, there were also many protests by the Chinese students and nationalists in China against foreign encroachment and aggression. Japan was one of the big powers occupying parts of China and with its own concessions.

In those days, there were no calls for protection of Japanese nationals inside China. If there were, it was the Chinese govt calling for the protection of Chinese nationals inside China from cruelties and attacks by the Japanese in particular, and the western powers in general. In those days, the Chinese citizens were victims of foreign soldiers in their own country.

Often, the Japanese would provoke incidents with the citizens and used it to attack and encroach further into China, claiming reparations and demanding compensations for Japanese military actions against the Chinese govt, and more territorial concessions as well.

The China then was a broken country, disunited, poor agricultural land that was torn apart, and with no modern industries. They don’t even have a proper army and no arms industry to produce even small arms. Today, China is a full fledge superpower that would even hold the mighty US forces at arms length. Would the Japanese dare to trigger any incident and attack China again? A united China with military forces much bigger than the Japanese in all areas is not going take any Japanese engineered incident lightly.

How genuine is this Japanese fear for the safety of its citizens inside China? Over the past decades after China became a people’s republic, there were many incidents of public protest but hardly a Japanese citizen was hurt unlike when Japan was invading China. Are the Japanese plotting new excuses to revisit the days of old Shanghai and old China? Would there be another coalition of western forces in the likes of the League of Nations to attacking China?

Would China take it like it did before, being beaten to pieces? Or would China deal a forceful blow to the invaders this time round? Would Japan be able to run free in China again? Or would Chinese troops be running free in Japan should hostility breaks out?

Time to get rid of the old and senile

Shanmugam revealed a few more details of his meeting with this elderly man, a Sinkie, who complained all things about Indians, from smell, social status and turning his flat into a squalor. Being an elderly person, and complaining about such insensitive problems, I would presume that this is another member of the lost generation, illiterate or poorly schooled, and very ignorant of anything further than the tip of his nose.

The fact that he rattled off about how ugly and smelly his Indian neighbour was without knowing that Shanmugam is also an Indian, tells a lot about the mentality of this elderly person. Is he bi polar or senile? How could a sensible person be complaining about an Indian to an Indian without thinking that the Indian he was speaking to could be offended? Maybe he is colour blind.

There will be many of such elderlies that lived in their little cocoon world. There will even be young people who may have such prejudices. Some may need to be sent to the IMH. They don’t represent the normal and the majority.

The point is that such elderlies are remnants of a past where many did not have the privilege of a decent education and have very narrow world views of things. One way is to try to understand and tolerate them in their pathetic and deprived existence. In a way like tolerating the foul smell and squalor of a dirty neighbour. Another way is to tell the world how ugly these elderlies are and dispatch them to some forsaken place to keep them away from creating trouble to the well endowed and affluent citizens. JB, Batam and Bintan look very convenient. I think the latter suggestion is a good and easy way to take care of such elderlies. This beautiful world class city of ours, with all the fine and elegant people, has no place for such laggards of the past.

Mohammed did not go to the mountain

Did the Mohammed go to the mountain or did the mountain go to Mohammed? The mountain did not need anything from Mohammed for sure. Mohammed needed to listen to God, and needed to go to the mountain for that. This cannot be too confusing right?

I heard Reach has set up many feedback platforms for the people to go and have their feedbacks heard. And the ministers would be waiting for them. Many will go to the platforms to do as told. Many will also not go to the platforms. Those who are going will fit into a certain mould, a certain kind of thinking and expectations. The feedback will be skewed towards this kind of thinking format. There will be an absence of another format of thinking which is what the feedback probably will want to hear. This kind of thinking is floating all over cyberspace, in many blogs and forum. But the mountain would not go to the forum to hear them. The mountain may just make do with whatever and whoever is willing to call at the mountain’s convenience and dictates.

Would the mountain be humble enough to go to the people, to listen to the people, to chat with the people? Would the need to listen to the people be compelling enough to move the mountain? At the moment it is unlikely. The people must go to the mountain. Fortunately there is no requirement to kneel and pray after every 3 steps on the way to the mountain.

I think the mountain would be very welcome in many blogs and forum if indeed it can move from its immovable position. It would be like calling on the people, knocking at the doors and be invited in for a chat.

It is difficult, very difficult, to think that the mountain will go to Mohammed even with the convenience of not having to move one step and at its own time, and not risk being assaulted. The sincerity of the mountain is being questioned if it did not think it necessary to go to Mohammed.

Singapore fund is $1.5B bidder for Paulson hotel group

August 22nd, 2012
Author: Online Press

Aug 20 (Reuters) – The Government of Singapore Investment Corp has bid $1.5 billion for a group of bankrupt hotels owned by hedge fund Paulson & Co, including the Arizona Biltmore Resort & Spa in Phoenix and La Quinta Resort & Club in La Quinta, California….

This seems to be the strategy of our SWF, throwing good money after bad money for high risk and high returns. On the other hand other funds are buying into Sin into good and sound companies like energy, power and the latest, a national icon in F&N.

If, I say if, the source of the funds is from the people’s savings like CPF, money that cannot lose, is this strategy a bit risky and incompatible to the risk profile of the owner of the fund? What if the strategy fails and unacceptable capital is lost and the fund owners cannot be repaid?

If the gamble turns out good, no one is complaining. If the gamble sours, who is to be responsible? This is not enough as the money must be paid. Do the owners agree or give their permission to using good money to take high risk?

USA creating war to save its ass

The Evil Empire, USA is down and out economically and financially. It
is in deep shit. It is trying to struggle its way out not through
logic and hard work but instead it resorts to creating troubles and
warfare throughout the worlespecially in non caucasian or non white
countries.

When the first wave of White men came from Europe especially from
England, France, Spain, Portugal and Holland to invade the Americas ,
they justified their invasions on religious grounds, claiming that the
native Americans were heathens and savages and did not deserve the
resource rich lands of both North and South America which their
Christian God had meant to reserve for white people. In subsequent
savage wars of aggression and conquests across the whole wide world in
Africa, Asia, Australia and the Pacific island kingdoms not only was
religious grounds invoked but the use of power, force and military
might was their right and prerogative and as they claimed it had the
sanctity and blessing of their Christian God ,Jesus Christ. Killings
of native Americans, Africans,Australian aborigines, New Zealand
Maoris and the wide board of Asian heathens or non believers of
Christianity and Jesus Christ was no sin but on the other hand
blessed by their Christian God, Jesus Christ. White men always quote
Chapters and verses from their Christian holy book, the Holy Bible to
justify their aggressions, conquests, atrocities, killings and
genocide of non white people or non believers of their faith . To the
whites all non believers or non Christians are heathens and devils and
should be condemned to hell while only they the clean and pure white
killers and murderers will go to heaven.

The Evil Empire, USA is determined to create troubles and wars against
China. It is cowardly using its junior Asian gang members as pawns or
proxies as front line trouble makers to create choas and destability
in Asia to contain the peaceful development of China. The Evil Empire
thinks that in curbing China's peaceful development it will preserve
its number one position in the world. It is trying in every way and
means to lure China out to fight thinking it is now or never for it
thinks China now is not as powerful as the Evil Empire and more so
when the Evil Empire doped its silly and selfish junior Asian gang
members to join force with it.

Russia is supposed to be China's friend or ally. What is Russia's
stance now in the face of the Evil Empire's latest move in East China
Sea and the South China Sea? Why is Russia not saying anything or
making any move in support of China's position? Will Russia just fold
its arms and watch the war scenario goes on as it did in the Korean
War ( 1950 - 1953 ) ?

Come what may, China must be solely and highly and powerfully self
reliant to take on the uncalled for aggressors and warmongers and
defeat them totally. China should expedite building up its economy and
armed forces equipped with the latest and most modern military systems
. China should build sufficient ICBMs, long range jet fighters and
bombers, drones and missiles equipped with nuclear weapons, nuclear
armed submarines to position in American coasts and sufficient
warships and aircraft carriers as well as best equipped cyber warfare
systems to disable and destroy the enemies' electronics and satellites
or their cyber networks.

The Evil Empire and the Japanese must know that any illogical
unprovoked attack on China is considered an attack on Chinese people
not only in China but the world over. If that happens Chines people
all over the world must rise up against the Americans and the
Japanese and kill every one of them without mercy. China will have to
join forces with the world's anti American muslims, the Africans and
the Russians to fight off the warmongering evil Americans. President
Obama has no real power but is only a stooge of the White Americans
who will dictate to him what to say and do and he is made use by the
whites to pull wool over the Africans' eyes so that they cannot see or
remember all the evil deeds and atrocities that White men had done to
Africans in the last four or five hundrfed years.

China may not want war but all the same please be fully prepared and
well armed for the Evil Empire in collusion with its junior gang
members may out of desperation force one on China. In the meantime try
to be as patient as possible and not be lured out by the Evil Empire
for a showdown. When the right time comes and Cina is under attack ,
fight without mercy and defeat the evil forces totally and completely.
he Evil White Americans are the scourge and the curse of the earth.
They need to be cleanly obliterated from the earthly world.

An industry dying

The rot is showing and starting to hurt. The first to be axed will be the remisiers. Following closely will be the backroom staff, then the dealers and the analysts. Eventually the brokerage will simply shrink to a skeleton crew.

How could that be? With investments in the hundreds of millions for out of this world high speed computers, big funds with their high speed sophisticated machines, and product managers with their sophisticated derivatives and wonderful paper products, and with sales volume chalking up double digit gains, why is the industry drying up, and dying?

There were all kinds of gimmicks to increase sales but mostly elementary. Most of the time it is just barking up the wrong tree. What is the real problem in the stock market? Why are the gimmicks of no lunch break, continuous trading, minimal commission, minute bid sizes, cutting more commission to gain market share, sophisticated high speed computers, more derivatives, all proved unworkable? And don’t forget the setting up of many foreign funds to gamble in the stock market, with their expertise and grand machines, it is simply not working.

Does anyone know? Does anyone want to know? Does anyone bothers to know why the stock market is turning turtle? It is time to set up feedback units and ask the people to come up with the answers. Yes, more feedback is the solution.

What is at stake, 10,000 jobs? That is inconsequential. It is the whole finance and banking industry, the financial centre, the companies that needed to raise funds in the stock market that are at stake.

When the financial crisis hit the US, they scrambled for more liquidity, more Quantitative Easing, to provide money to support the industry. What was being done here? Squeeze the liquidity, cut the commission to the barest. Has anyone forgotten that the industry needs the commission to pay for the overheads, to pay for the salaries of all the staff, the fund managers etc? The industry cannot survive without the oil to lubricate the system.

Does anyone know that when commission was 1% we had the best bull run in history? What more tricks are up in the sleeves to save the dying market that no one wants to talk about? How did the industry ended up in this pathetic state? Self inflicted, ignorance or tidak apa, leave it to the experts? Bring in the gods and all will be fine.