SOS Currency War is World War III

Where is the amminution?

"US dollar printing the dollar and inflate the rest of the world, surrender now or else?"IMF chairman said.

Can they get away with it so easily?

Take all bankers from HSBC, Barlays, Citi, JP Morgan, Goldman Sachs, and put them into a prison, guess what will happen? Nothing, actually, the world will be a better place to be without them.

MyView

Will the US dollar become toilet paper eventually?

What about the irrecoverable IOUs issued in the tune of USD100 trillions?

What will happen next if US continue to implement QEII?

Can the Fed infinitely issue new IOUs against the toxic IOUs?

Can Fed, who is owned by private owners become "bankrupt"?

SOS Derivatives Uncovered?

The world derivatives is about USD800 trillion, US has about say USD350 trillion. The IOUs derivatives created is easily exceed USD100 trillion and the real worth is less than USD20 trillion. There is about say USD80 trillion to be written off the book. So, how much more can the FED buy up the toxic IOUs?

Chances are high that all these Derivatives IOUs will hit the banks book, one way or another, sooner or later.

If reviving a sick economy by buying up toxic IOUs, then US has no problem at all. Just replace all these toxic IOUs. Can the QEII so simple, just replace it and consumer confidence will comes back? Well, then, how do we explain the

• high unemployment rate of 9.6 to 10%
• unsold housing stock of up to 2 million units
• contracting bank credit
• foreclosure mess

MyView

When a country allows the country to have easy money, it is inevitable that some sector is inflated, in this case, the US housing and commercial real estate is INFLATED, not only by the conventional mortgage loans, but also the SYNTHETIC loans which is about say 5-10 times larger than the conventional loans.

The synthetic loans is non other than CDOs, MGS, CLOs, CDS, etc, say if the housing industry is USD20 trillion, the derivatives will be say USD100 trillion.

For the economy to function again, all the toxic synthetic and non performing conventional loan need to be written off the books from the banks, until then, it will be like another JAPAN, only this is 10 worst, because, after major DEFLATION on all assets class, US will likely hit by high inflation.

SOS ETP Can or Nout?

Singapore has ERP, we also have ETP, Enter The Party.

Sorry, it is Economic Transformation Programs, valued at RM1,400 billion.

1. Government 8%
2. GLC 32%
3. Private sector 60%

Total GLC's

1. Shareholders funds = RM140bil
2. Debts = RM38 bil
3. Market Cap = RM266 bil
4. So, GLC has to come out in next 7/8 years RM454 bil investment.
   

MyView

The American call their spaceman astronauts, Russian call them cosmonouts, China called it taikonauts, we the Malaysian called it can or naut.

Well, mathematically it is hard to believe it is achievable. Unless someone can clarify how is it done? What about the software to operate the assets? Can or nout.

SOS Negativity

Flip through a newspaper and most likely you find the word in the news. Why newspapers love to report on negativity. Is it because it sells? Surely there is some good reasons behind this.

MyView

If we are not careful, we become the product of our environment without being aware of it. Life today is much more hectic then long time ago, more cars on the road, more people in the shopping complex, more demands for electronic stuff, more long waiting in restaurant, more long list of desires etc.

And it is so unfortunate good books or good news don't sell. It is also harder to find a "good" book.

So, we must be careful of what we read or see, its underlying truth may not be there. Morality also dropped over the last few decades. It has come to a stage of irreparable.

SOS Disaster is Looming

Have we forgotten the world GDP of USD60 trillion and derivatives of USD800 trillion?

Disaster is looming soon, read this by Prechter:

Everybody always talks about the federal government spending more money as “stimuli.” It's ridiculous. Every dollar the government spends is a drag on the economy. It has to come out of someone else's hide: either by direct payment from the taxpayer or by borrowing the money, which means it can't be lent to a private business. The more the government spends and the more the government borrows, the weaker the economy gets. The weaker the economy is, the less chance it has to pay off the principal and interest that the debtors owe. If public servants’ behavior were any different, then the outcome may be different. But studying world history tells you that governments always take from the economy until it's completely destroyed. It's sad, but it's pretty predictable. You don't see someone coming into California and saying, “Let's clean all this up. Let's cut the budget by 60 or 70 percent and start paying our bonds off so we're completely out of debt in 15 years.” It's easy to do, anybody could do it. But they won't.

MyView What will happen when the debt impode i.e. trillions of IOUs that cannot be paid back? How did this IOUs or debt comes about, the conventional sub prime mortgage/credit cards/car loans/ educational loans & the innovative financial instruments call "derivatives". Anyone know how much is it? Are they between USD20-30 trillion? Well, it does pay to find out, first, is this figure is a fact or myth. If it is a fact, what is the consequences?

SOS Shocking Discoveries!

Edward Ulysses Cafe

Barclays Global Investors Holdings and State Street Corporation are one of the top 10 shareholders of banking counters in NYSE.

I live in the heart of America, and am haunted by the saying:
"Evil succeeds because good men do nothing." by Edmund Burke.

Albert Einstein had another way of saying it:
"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing."

So I do what I can.

MyView

Education actually starts after school. Most children is bombarded with all sorts of information during their schooling years, sadly, i think 20-30% are useful, the rest, frankly, they need to be unlearned, and a lot of time is required to unlearn what is learned over the early years of life especially when we are young, there is not sufficient for one to "debate" what is fact or fiction.

The two excepts by Einstein and Edmund principally point to a conclusion, "the world is not fair" or "we dig our own grave" or "even we try to be good person, it is not easy". As part of the society, normally we are "at the losing end" of a grand scale of actions taken by the government of the day or we "not even aware" that we are being "CHEATED".

Even after finding out that you have been cheated, you "may" be helpless to change the situation.

The moral of the story here can be perceived as follows: one is to "forgive and forget the current situation" and the other is to "fight for your own rights or it will be taken away" or "just do what you can like what Eisntein said" or "clarify the truth to the rest". There is no wrong or right in your action or inaction, end of the day, or in the long run, it will rebalance by itself, with or without your action or inaction.

SOS Discover the Secrets of Einstein

When I examine myself and my methods of thought, I come to the conclusion that the gift of fantasy has meant more to me than any talent for abstract, positive thinking.
Albert Einstein

"Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power. If you realize that you have enough, you are truly rich."
— Laozi (Tao Te Ching)

You cannot open a book without learning something.
Confucius

"Life is a Journey, not a Destination, learn and apply along with the universal principles of honesty, kind and patient" Somebody

MyView

Actually the secrets of life is already here hundreds of years ago and has been documented. What one need to do is to find the right information and learn and apply them in our daily life, along with the guiding morality principles, one will have a purposeful life, but not forgetting the "right" cultivation path.