The crazy fool in the car:

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Anyone who likes and dislikes is like the crazy fool in a stationery car watching the world go by. At the sight of anything that is pleasant passing by, he honks his horn and revs his engine to show his delight and at the sight of anything unpleasant passing by, he honks and revs his engine to show his dislike. 

What is the point of honking and revving your engine when something is pleasant or unpleasant? Not only is it meaningless but it is using force that harms, consumes energy, distracts or wastes your time. 

They hear perfectly: 

Ordinary people hear perfectly even nuances or subtle changes in pitch (speed of sound), loudness and prolonging in their speech and those of others around but they do not realize they are hearing force driven prolonging, changing speed and loudness that leads to stress, restlessness and distraction and they perceive it as charming. This how you are a pervert, perceiving something false, evil or harmful to self and others as true, good and beneficial. 

I hear perfectly even nuances or subtle changes in pitch (speed of sound), loudness and prolonging in the speech of others around and I know what I am hearing is force driven prolonging, changing speed and loudness that leads to stress, restlessness and distraction and I perceive it as evil and harmful. 

Oil price down to $74 per barrel: 

You hear analysts attributing declining oil prices to fundamentals, weak demand in a world heading towards recession but that is not the case and you are deluded if you think so. 

It is the fear of recession causing speculators who are also hit by the credit crunch, who have their credit withdrawn from them that is causing selling pressure that depresses oil prices. 

ALL ALONG IT WAS NOT FUNDAMENTALS THAT DROVE PRICES UP BUT THE INCREASING PRESENCE OF SPECULATORS WITH CONSIDERABLE FINANCIAL MUSCLE USING CREDIT OR MARGIN FINANCE TO AMPLIFY THEIR POWERS WHO WERE ALLOWED INTO THE OIL MARKET AS A RESULT OF GOLDMAN SACHS AND MORGAN STANLEY LOBBYING TO CHANGE THE LAW TO ALLOW SPECULATORS UNLIMITED ACCESS TO OIL FUTURES AND SO IT IS NOT FUNDAMENTALS THAT IS CAUSING THEIR DECLINE BUT IT IS SPECULATORS FEARING RECESSION AND FINDING THEIR CREDOT LINES CUT THAT IS CAUSING THE SHARP DECLINE IN OIL PRICES. 

The path to insanity: 

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This is a ritual breaking coconuts with great force that is not only meaningless, will never confer any religious benefit but will condition to be ritualistic and violent and will end in insanity. 

Faith in rites and precepts (rules) is one of three lower fetters to future woe according to the Buddha. 

It is a ritual because there is a plan of what you must do eg raise coconut above head with right hand and smash it on ground as hard as you can. It is worthless because it is doing something that is useless. It is virtue, not lying, killing, stealing and cheating that leads to heaven not smashing coconuts. 

IF YOU ARE IN DOUBT AND UNCERTAINTY THINKING MAYBE THERE IS SOME BENEFIT IN THIS RITUAL THEN THAT IS ANOTHER LOWER FETTER TO WOE ACCORDING TO THE BUDDHA. FOR ONE WHO DISCERNS, IT IS IMPOSSIBLE THERE IS ANY RELIGIOUS BENEFIT IN SMASHING COCONUTS THAT IS WASTING GOOD FOOD. 

Gang rape rather than self regulate: 

Greenspan and many sung the praise of efficient markets and how they would self regulate themselves to ever greater prosperity. 

Not only did they not self regulate, not only did they rape the market but they gang raped the market without mercy until it finally collapsed. 

All these high finance priests are merciless, without sympathy and ran the system to the ground in an orgy of gang rape. 

THUS IF WHAT HAPPENED WAS GANG RAPE OF THE SYSTEM UNTIL COLLAPSE BY THE PEOPLE YOU EXPECTED TO SELF REGULATE THEN YOU HAVE GROSS FALSE PERCEPTION THAT WILL END IN INSANITY. 

Chinalco hit by Lehman Brothers collapse 

(Is everything unraveling? Companies are finding their assets in banks missing or frozen) 

Chinese state-based company Chinalco has become the latest major victim of Lehman Brothers' collapse as the bank's liquidators have frozen its £8bn stake in Rio Tinto.  

  

By Katherine Griffiths

Last Updated: 7:44PM BST 15 Oct 2008 

Chinalco is in urgent talks with liquidators in Hong Kong to try to retrieve the 12pc stake, which it bought together with Alcoa in February.  

The row has escalated to senior levels of government, with Beijing putting pressure on Hong Kong to hand over the stake, sources said.  

But the liquidator has not released the holding and may decide Chinalco only ranks along with other creditors in the bank's break up. In a worse case scenario, this could see Chinalco suffering a substantial loss on its holding.  

Chinalco's difficulties follow similar problems at Olivant, the private equity firm run by ex-Abbey boss Luqman Arnold.  

Olivant revealed two weeks ago that its £700m stake in UBS was held with Lehman, and that the bank was unable to locate the shares. Olivant, which has hedged a significant amount of its holding, said: "We're doing everything we can to recover our holding."  

Chinalco and Alcoa, both aluminium producers, own the shares in Rio through a Singapore-based vehicle called Shining Prospect. Chinalco owns the majority of the stake. The stake was in a Lehman custodian account. Chinalco is understood to be trying to move the holding to another custodian.  

Chinalco swooped on the shares in Rio because it wanted to have a say in the hostile takeover battle for the mining company by the world's largest listed mining company, BHP Billiton.  

China's concern is that the enlarged company will control the market for iron ore, of which the country is a very large consumer.  

If Chinalco is unable to retrieve its stake in Rio there could be an impact on possible deal between BHP and Rio.  

Several hedge funds have also been forced to close because they held shares and cash with Lehman. The bank is one of the largest prime brokers in the world, and as such has held assets for thousands of clients.  

Analysts said the picture was extremely complex and its holdings are difficult to unravel.  

Chinalco and Rio refused to comment.  

Why you see selectively: 

Why is it that you can see it is absurd to rev your car engine and honk in attraction when you see something pleasant passing by and rev and honk in repulsion at something unpleasant passing by but you cannot see it is absurd to like and dislike? 

It is not because liking and disliking is natural and beneficial whilst honking and revving is false and absurd that you perceive them differently but liking and disliking everything you perceive is just as absurd, wastes energy and leads to suffering as revving your engine and honking but because you are so used to liking and disliking, you cannot help automatically liking and disliking (you are a slave rather than master of your liking and disliking), everyone in this world tells you liking and disliking is in the nature of things and even coerce them out of you that you already have advanced false perception that will end in mad perception that liking and disliking are natural, meaningful and beneficial when they are absurd & harmful. The reason why you can see that revving and honking is absurd is because you are not inclined to do it, there is no urge to do it, you have never done it before and so you perceive it as silly. 

THUS JUST AS YOU PERCEIVE THAT LIKING AND DISLIKING ARE NATURAL, MEANINGFUL EVEN BENEFICIAL TO SELF AND OTHERS WHEN IT IS THE OPPOSITE AND THEREFORE YOU DO NOT PERCEIVE TRULY BUT FALSELY, THERE ARE MANY THINGS YOU AND YOUR COHORTS THINK YOU CAN PERCEIVE TRULY THAT ARE IN TRUTH FALSE AND THEREFORE YOU DO NOT PERCEIVE. 

YOU MAY THINK YOU SEE BUT YOU DO NOT SEE OR YOU SEE FALSELY. AS THE BUDDHA SAID, THE TRUTH IS NOT EASILY SEEN AND IT IS THE HIGHEST OF SAVORS. 

The nature of today’s financial crisis: 

Supposed your net worth in property, cash and whatever tangible assets is a modest $500,000. As a result of mutual greed driven speculation principally in shares and properties that have artificially raised their values to ridiculous heights, based on paper gains, you estimate yourself to be now worth a fabulous$1.5 million. 

Normally if you are worth $500,000 you would judiciously spend or borrow say $200,000 and keep the rest as reserve for a rainy day. There are many who are foolish enough to believe they are now permanently worth $1.5 million (without raising even a finger in work just because their assets have appreciated in value or the share and property markets tell them so) and so assured by their delusion they are much richer than they truly are, they spend and borrow much more, perhaps even $700,000 thinking they still have $800,000 in reserve.  

There was never so much money in the system, the $700,000 he spent was borrowed indirectly through banks from people who saved their money. No matter how vast the amounts of money there is collectively in the world financial system, if people collectively borrow and spent more than they are actually or in truth worth, a time will come that will be hastened by the evil politicians, bankers, CEOs, share and property dealers who are busily transferring or siphoning money from the people into their own accounts (eg by pushing up shares and property prices and selling them at indecent profits to the foolish masses) such that a credit crunch will ultimately occur when the money left in the system is insufficient to keep the illusion of exaggerated wealth going and thus we have a credit crunch. 

Not only do people who are in truth worth $500,000 who spent and borrowed $700,000 because they were deceived they are now worth $1.5 million, in trouble because they are insolvent, those people whose money were left in banks that he borrowed are also in trouble because the money is no longer there but transferred to the hands of the cheats who un-righteously profited by selling cheap shares and properties at much higher prices. 

SHARES AND PROPERTIES DRIVEN UP TO ‘STRATOSPHERIC’ LEVELS BY SPECULATORS AND MAINTAINED AT SUCH HIGH LEVELS BY FUND MANAGERS WHO ARE INVESTING OTHER PEOPLE’S MONEY AND REWARDED FOR ‘PERFORMING’ OR KEEPING ASSETS VALUES EVER RISING CONVINCE FOOLISH PEOPLE THEY ARE WORTH MUCH MORE THAN THEY ARE IN TRUTH SO THAT THEY SEVERELY OVERSPENT BORROWING MONEY OTHERS SAVED IN BANK ACCOUNTS. IN THE MEANTIME POLITICIANS, CEOS, FINANCIERS, DEALERS, SPORTSMEN (FOOTBALLERS, FORMULA ONE STARS), SINGERS, ACTORS AND ACTRESSES, REAL ESTATE AGENTS WERE BUSILY REWARDING THEMSELVES TO ‘OBSCENE’ LEVELS AND SO THERE IS A TRANSFER OF WEALTH FROM THE MANY WHO HAVE A LITTLE MONEY TO AN INCREASING FEW WHO HAVE MORE MONEY THAN THEY CANNOT THINK WHAT TO DO WITH THEM (EG BILL GATES). NOW THERE ARE MANY WITH NO MONEY TO SPEND AND A FEW WITH ALL THE HOARDED MONEY WHO CANNOT SPEND ENOUGH TO STIMULATE THE ECONOMY. 

NO MATTER HOW MONEY THERE IS IN THE GLOBAL FINANCIAL SYSTEM, A TIME WILL COME (AND IT HAS NOW COME) WHEN THE WORLD RUNS OUT OF MONEY, THOSE WHO OVERSPENT HAS SO OVERSTRETCHED THEMSELVES AND EXHAUSTED ALL THE SAVINGS OF THOSE WHO SAVED THEIR MONEY AND THIS SPENT MONEY IS POURING INTO THE INSATIABLE BLACK HOLE OF THE GREEDY FEW WHO HAVE PROFITED BY STEALING AND SELLING ASSETS AT MUCH INFLATED PRICES. 

THOSE WHO SPENT TOO MUCH ARE IN TROUBLE BECAUSE THEY HAVE DEBTS THEY CANNOT POSSIBLY REPAY AND THOSE WHO SAVED ARE ALSO IN TROUBLE BECAUSE THEIR MONEYS HAVE BEEN BORROWED BY PEOPLE WHO CANNOT REPAY. 

Your money in Malaysian banks safe? 

People have this abiding false perception that it is much safer to keep their money in the banks (Public bank is safer than say CIMB) also earning interest than at home. 

Your money in Public bank is unlikely to be still there but put to work or lent to car buyers, house buyers, credit card borrowers, politicians and property developers etc. 

If these borrowers are foolish, reckless or crooks, then your money or what is left of it should your bank collapsed may be much less than what you put in. 

The role of derivatives in this crisis: 

The existence of derivatives makes this financial crisis much worse. 

I think there are strict banking rules that a bank cannot lend more than 10 times its capital, thus a bigger bank can lend more and if the bank’s capital is wiped out it cannot lent anymore. 

The existence of derivatives is to bypass this rule such that banks end up lending much more than 10 times their capital. Banks pay others eg insurance companies and pension funds greedy for return a fee to guarantee the loans they make and once they are freed off responsibility, they can resume lending or lend more. Soon banks started to create off the table vehicles to hold these loans that do not appear on their balance sheets so that they can lend more. 

THUS THE EXISTENCE OF DERIVATIVES TODAY IS TO MAKE THE FINANCIAL CRISIS MUCH WORSE. 

The Money Market: 

Those in the financial sector speak of the money market which appears to be a global market linked by computers in which buyers and sellers can instantly borrow and lend (with interest attached). Thus banks like UK’s Northern Rock was heavily dependent on borrowing heavily cheaply from the money market to lent to house buyers. 

No physical money changes hand but it is electronically added or subtracted from your account and whether the money is actually there or not is a matter of contention. Just as so long as your bank prints or add your monthly interest to your savings account book you think you have the money but there may be no money backing the addition printed on your savings book) so long as nothing untoward happens, everything works then even if the money is phantom, not there.  

I CAN UPDATE YOUR SAVINGS ACCOUNT BOOK MONTHLY TO STATE THAT YOUR SAVINGS HAS INCREASED STEADILY BUT UNLESS YOU AND EVERYBODY WITHDRAWS THE MONEY FROM THE BANK YOU CANNOT TELL WHETHER THE BANK IS SOLVENT, HAS YOUR MONEY IN ITS SAFEKEEPING THAT IT SAYS IT HAS. 

IN THE SAME WAY, A LOT OF THE MONEY ON THE MONEY MARKET MAY NOT BE THERE ALL ALONG, A LOT OF IT MAY BE INFLATED PHANTOM MEANINGLESS FIGURES. WHETHER THERE IS THAT MUCH MONEY IN THE MARKET AS STIPULATED IS SUBJECT TO CONTENTION. SO LONG AS IT IS NOT STRAINED TO ITS LIMITS OR NOBODY SUSPECTS ANYTHING, EVERYTHING IS FINE IN THIS MAKE BELIEF. BUT SOON ENOUGH PEOPLE DISCOVER THAT ALL THESE MONEY CHANGING HANDS ON THE MONEY MARKET MAY BE BOGUS, THERE IS NO PHYSICAL MONEY BACKING THEM AND THEN NOBODY WANTS TO LEND TO THE MONEY MARKET. 

Its strength is also its curse: 

Before global money markets if you need funding and the local banking industry cannot supply it, that is the end for you but now with global money markets you can look all over the world for people with money they want to lend to borrow. 

This is fine or wonderful if your pursuit of money is for a productive purpose but if it is for frivolous consumption then the global money market is a curse in allowing you to tap much more money for much longer period before you face a reckoning with ruin. 

THUS THOSE WHO SAY WE ARE MUCH TOO SOPHISTICATED AND ENLIGHTENED TO HAVE A 1929 STYLE DEPRESSION MAY BE FOOLS, THE EXISTENCE OF INTERNATIONAL MONEY MARKETS AND DERIVATIVES AMONGST OTHER THINGS MAY MAKE TODAY’S CRISIS EVEN MORE POTENT AND UNMANAGEABLE.  

Capello’s success proves leadership is important: 

Capello’s success in guiding England to four wins out of four world cup qualifying matches is an indication that good leadership is crucial, even more important than unity and so Badawi should look at himself instead of looking to BN to solve the nation’s problems. 

If the snake head is rotten the rest of the body is rotten too. Capello is a proven winner, very experienced and has a no nonsense disciplinarian approach and so it is no accident that his regime is working for England. 

It is in many ways the opposite to Erickson and McLaren’s approaches and it remains to be seen how far he can take the team compared to his predecessors. 

GOOD LEADERSHIP IS OF PARAMOUNT IMPORTANCE IN ANY VENTURE AND UNITY IS LIKELY TO ENSUE IF THERE IS GOOD LEADERSHIP AND SO BADAWI IS PUTTING THE CART BEFORE THE DONKEY TO SAY UNITY IS IMPORTANT. 

Who & what are to blame for the financial crisis? 

Apart from the minority of those who are poverty stricken, bypassed by the system, few are not to be blamed although some are much more to blame more than others. 

Consumers are to be blamed for embarking on heedless consumption not just based on the wealth but by credit, they spent what they have yet to earn. 

The producers of consumer goods too are to blame for doing everything fair and foul to sell their goods to keep their companies profitable. Thus car companies keep changing models rapidly to entice consumers to buy more. 

Politicians are to be blamed for pursuing policies that keep the economy booming whilst eschewing unpopular measures that may be necessary for fear of being voted out. Electorates are to be blamed for electing politicians who are reckless, the US penchant in electing Bush twice may have cost the country dearly in the Iraq misadventure and other reckless policies. 

Speculators who spurred the development of huge shares, property and commodity price bubbles and people who foolishly embraced it seeing nothing wrong when it is a recipe of future disaster. The arise of fund managers in recent years was the catalyst to the ‘permanent’ elevated plateau in share prices because fund managers are paid to perform and they do not invest with their own money but other people’s money and so they had little hesitation in chasing shares and keeping them propped up. People’s fascinations with maximal gains that saw them switch from ‘boring’ fixed deposits to exciting mutual funds provided ammunition to inflate and maintain an asset bubble far longer than it otherwise would be. 

People are delighted to know that their properties and shares have appreciated in value but these are what they call paper gains that may not be realized if everybody tried to cash in. If they are seriously overvalued, provided the number of people redeeming the assets at these inflated values are manageable, the market can support and lull the foolish to think they as owners of those assets are so wealthy and the economy is expanding strongly when it just inflation or hot air. If the productivity has not caught up (as is the case) then it is dangerous to keep inflating the value of assets which exert pressure for people to demand more in wages and so it is that today those in positions with leverage eg CEOs, sportsmen, singers, actors, professionals have escalated their demands for remuneration to ridiculous levels that must ultimately harm the economy because the worth of their work (eg footballer) cannot be that much as they demand. 

PEOPLE ARE THRILLED TO LEARN THAT THEIR PROPERTY OR SHARE VALUES HAVE RISEN TREMENDOUSLY (GOOD INVESTMENT) WITHOT THEM RAISING A FINGER WHEN SUCH STELLAR RISES ARE FRAUGHT WITH FUTURE DANGER IN CAUSING A PRICE SPIRAL. 

Into this equation come derivatives, a modern invention that is supposed to banish risk forever or outsource risk to others who will take care of it for a fee freeing the banks to lend more and take more risks. This may be a killer innovation that blindside the greedy to the risks still lurking so that they bet the whole house and more on their profit seeking ventures. 

On top of this there is plenty of evidence of downright cheating or abuses by those in position of authority and power (eg corruption) that has transferred considerable wealth from the common pool to the hands of a privileged corrupted few. 

The globalization of money markets means that those who seek to borrow and lend can seek it on an unprecedented global scale almost instantaneously and thus fuel to sustain a bubble or party is greatly increased. 

The use of the USD as the world’s reserve currency too is a major factor because it permits the US to consume and borrow from the world based on intrinsically worthless pieces of paper that it prints. It is said that $600 billion USD are in circulation around the world outside the US and this is a de facto free loan to America and should those dollars be destroyed the US has discharged its obligation to the holder. Then there are many all over the world who have stashed their ill or well gotten gains in USD for safekeeping and this too is a loan that permits the US to consume more than it otherwise would have. 

A lot of the money the US paid to oil producers and exporters like China has remained in the US to be lent out again to Americans and so in name the US has paid its trading partners but in reality it has not. Thus countries like China is partly to blame for not repatriating their earnings in the name of keeping their currencies low to maintain their exports. 

There are probably other reasons for the developing financial crisis. 

Capitalism is not dead

Some may interpret the global credit crisis as proof that capitalism never worked. But to paraphrase Mark Twain, reports of capitalism's death are greatly exaggerated, says Diana Furchtgott-Roth.

Comment: many like to think they speak such great substance but it is a lot of nonsense and plain antagonism. 

The capitalist economic system is now in a parlous state, literally brought to the edge of total collapse even according to its high priests like Bernanke & Paulson so there is no need to sing its praise as it is empty babble to defend it except to reflect delusion, emotional identification with capitalism and defiance at its humiliation. Just get on with it and prove that capitalism works instead of beating its drum at its near death. Capitalism may be intrinsically evil and short-sightedly selfish and thus anyone who upholds what is intrinsically selfish at the expense of others is heading for woe. 

Share prices cheapest in a generation: 

Quote headline: Share prices cheapest in a generation. 

Why is it that he does not say what he means or he is hinting at something else, namely he wants to stir support or bargain hunting or greed for people to buy. 

Notice he uses ‘cheapest’ (with connotation that it is a bargain) not ‘lowest’ and that indicates he wants to stir greed, since it is so cheap, better buy. 

Something may be cheap because it is damaged goods or close to expiry and so to remind others that share prices are the cheapest in a generation is a hint that perhaps they should start buying and if enough people listen to him their buying may help lift the gloom so that it may benefit him in ways best known to him. 

THUS HE IS NOT SAYING WHAT HE MEANS WHICH IS I WANT TO TEMPT YOU READERS TO DIP IN TO BUY SHARES THAT WOULD BE TO MY ADVANTAGE. IF THIS IS WHAT HE INTENDED THEN WHAT HE SAID IS FALSE, IS NOT WHAT HE MEANT. 

Let’s get fiscal: 

Quote Krugman: Let’s get fiscal 

“Let’s get fiscal” is a rote statement that is a rehashed variation of a statement he heard from others that he liked (found attractive), remembered and retrieved to apply rote to spice up what he wants to say to pander to the audience. 

The original statement is ‘Let’s get physical” (that may have connotation of sex as in lets have sex instead of talking about it) and ‘fiscal’ is a ‘subtle’ play on ‘physical’ and so Krugman is being sly or tongue in cheek saying let’s fiscal. 

You got to be attracted to memorize such slogans or phrases and then retrieve it from memory, give it a twist and use it in your speech to impress readers as to your wittiness and as a result you are a dishonest mischievous person that is never pleasurable but is actually stressful and leads to future stress that may be far more extended than you ever imagined possible. 

Krugman is advocating the government spend its way out of trouble even though the nation is drowning in debt and this spending should be directed at infrastructure repair and building. 

IT WAS SPENDING BEYOND OUR MEANS THAT GOT USE INTO TROUBLE AND IT IS SPENDING THAT KRUGMAN, NO MATTER CONSTRUCTIVE WANTS THE GOVERNMENT TO DO TO GET US OUT OF TROUBLE. THIS DOES NOT MAKE MUCH SENSE. SOMETIMES YOU ARE CHECKMATED, THERE IS NOT MUCH YOU CAN DO ABOUT IT BUT ACCEPT THE LOT OR KARMA THAT YOU HAVE BEQUEATHED YOURSELF RATHER THAN POUR MORE OIL OR ALCOHOL INTO THE FIRE CONSUMING YOU. 

HOW MUCH DEFICIT SPENDING CAN THE GOVERNMENT DO HOPING TO RECOUP IN THE FUTURE (POSTPONING THE PROBLEM TO THE FUTURE), AT RISK OF MAKING MONEY BECOME INCREASINGLY LIKE TOILET ROLL? 

THE NATURE OF MANKIND IS THAT HE WILL PERIODICALLY INEVITABLY DIG HIMSELF INTO A DEEP HOLE LIKE NOW AND THIS HOLE MAY BURY HIM BUT MOST IF NOT ALL ECONOMISTS HAVE EXAGGERATED PERCEPTION OF MANKIND’S INGENUITY OR ABILITY TO DIG HIMSELF OUT OF TROUBLE. 

Why fiscal stimulus won’t work: 

If you expect government spending to take over from private sector spending to restore the economy to its former state you are barking up the wrong tree because the past boom was built on excessive consumption way beyond the true means of the spenders using borrowed money. 

What government fiscal spending can do, assuming it is not wasteful or irrational, is to provide a support or safety net preventing a greater collapse of the economy. It is like providing a soup kitchen to those famished without homes and then it is time that heals by getting the economy back into health. 

BECAUSE THE PAST PROSPERITY WAS ILLUSIONAL, BASED ON OVERSPENDING BORROWED MONEY AND THERE IS A GREAT DEBT BURDEN BEING CARRIED BY THE ECONOMY THERE IS NO WAY FISCAL MEASURES CAN RESTORE IT TO ITS FORMER LUSTRE, WHAT IT CAN DO IS PROVIDE A SAFETY NET BELOW. 

Not smart but conditioning yourself to being a parrot: 

You think you are smart memorizing (without knowing) and then remembering to apply catchy phrases that you like but you are foolishly conditioning to become a robot because every time you reproduce by rote what you liked and would like to reapply to situations in the future you are conditioning yourself to becoming a robot that with lifelong practice becomes compelling, hard to exit and you are headed for torment. 

IT IS ONE THING REMEMBERING WHAT HAPPENED IN PAST AND CONSULTING THEM TO FORMULATE A SPECIFIC TO THE OCCASION SPEECH AND ANOTHER THING (SUBCONSCIOUSLY) MEMORIZING CATCHY PHRASES, SEARCHING FOR THEM IN YOUR MENTAL HARD DISK, RETRIEVING THEM AND THEN ‘PLONKING’ THEM ONTO THE SITUATION AT HAND. 

WHAT IS THE USE OF REMEMBERING PHRASES LIKE ‘LET’S GET PHYSICAL’ AND THEIR ILK? I WOULD NOT REMEMBER THEM NOR SEEK TO APPLY THEM TO SITUATIONS IN THE FUTURE. 

China on the money market: 

Because of the global market, it is easy for anyone with the means anywhere in the world to borrow. 

Supposed China thought that it had a lot of money stashed in the US but for fear of triggering an appreciation of the yuan by withdrawing the hoard, it left it there and thinking that it is OK to borrow from the money markets because it has lots of money in the US, it did so. 

If the money kept in the US is lost eg Freddie Mac and Fannie Mae then China will be in trouble with the debts it took on borrowing on the money market. 

THUS IT IS THAT THERE MAY BE A LOT OF PEOPLE WHO THINK THEY HAVE A MILLION STASHED IN THEIR BANKS THAT THEY DO NOT WANT TO TOUCH AND THEY BORROW ELSEWHERE TO SPENT THINKING THEY CAN PAY LATER, IF THE MONEY IN THE BANK IS LOST THROUGH BANK COLLAPSE THEY TOO WILL BE LEFT WITH DEBTS THEY NOW CANNOT SERVICE. 

YOU MAY CALL THIS ‘THE DOUBLE WHAMMY’ AND IT MAY BE SOMETHING HAPPENING MORE OFTEN THAN PEOPLE THINK. 

THERE ARE THOSE WHO RECKLESSLY BORROW AND CANNOT PAY BACK WHAT THEY BORROWED. 

IN ADDITION THERE ARE THOSE WHO HAVE BEEN FOOLISHLY LULLED THAT THEIR MONEY IN BANKS ARE THERE AND THEY BORROWED THINKING THEY CAN AFFORD BUT WHEN IT COMES TO THE CRUNCH THE MONEY THEY THOUGHT THEY HAD IN THE BANK IS NOT THERE. 

Hamilton: I won’t blow it again: 

Hamilton dealt his formula 1 title hope a potentially fatal blow by unnecessary reckless driving at the beginning of the last race. 

Now he is talking nonsense pointlessly trying to reassure himself and others that he won’t do it again.  

What he did trying to regain the lead after a poor start comes from a rush of blood or doing something emotionally irrationally is not something he has control over, when the next rush of blood comes he may again see himself doing something crazy. 

WHAT HE NEEDS TO DO IS NOT TO DO IT RATHER THAN FALSELY PROMISE HIMSELF AND OTHERS NOT TO DO WHICH ONLY STIRS DOUBT AND UNCERTAINTY IN HIMSELF AND PERVERSELY MAKE IT MORE LIKELY HE WILL DO IT AGAIN. 

THUS A LOT OF PEOPLE THINK THEY ARE WISE, THEY SPEAK GREAT SENSE AND THEY ARE MASTERS OF THEIR DESTINIES WHEN THEY SPEAK NONSENSE, THERE IS NO NEED TO PROMISE HE WON’T DO IT BUT JUST MAKE SURE HE DOES NOT DO IT.   

HE SOUNDS LIKE HE IS TRYING TO REASSURE HIMSELF AND OTHERS WHAT HE CANNOT BE SURE HE WON’T DO AGAIN AND THUS FOOLISHLY CREATING PRESSURE THAT HE WILL DO IT AGAIN.  

Clever to pretend: 

You hear people say, “He is very clever to pretend” and they likely think they are telling the truth when it is always false and insincere or sarcastic. It is unlikely they specifically fabricated it but they copied what they said from others without knowing whether what they say it is true or not. 

Why is very clever to pretend always false?  

Pretending is never clever but stupid because pretending is always suffering, using force to act according to a plan (eg pretend to look at a magazine so as not to see a person), is conditioning so that the urge to pretend becomes compelling and will end in insanity and that is not very clever is it? 

Thus speaking the truth says he is very stupid to pretend (because he suffers and sets himself up for madness in the future) and it is always false to say he is very clever to pretend. 

Why is very clever to pretend always sarcastic? 

It is impossible to be a statement of truth because it is false and you cannot be sincere is saying something that is false but it is not a sincere complement that he is clever to pretend but it is driven by dislike and being sarcastic to say he is very clever to pretend. 

THUS HERE AS IN MANY PLACES PEOPLE THINK THEY SEE AND KNOW AND SPEAK THE TRUTH BUT IT IS A DELUSION BECAUSE THEY DO NOT SEE THE TRUTH AND SPEAK FALSELY. 

Why it was financial gang rape: 

Predatory subprime lending was not passive or sporadic but even wilful in pursuit of maximum profit using other people’s money to lend. 

In UK, there are call centres manned by people who get commissions for successfully closing mortgage deals and they will bend over their backs to strike deals even with people who have clearly poor credit history, they obligingly remortgage people who return to increase their mortgages as a mean of getting more money because they are running into financial trouble. These agents actively seek new customers to sell their loans in the name of making money. 

The reason why these agents and their companies do not care is because the money loaned is not theirs, should trouble occur later it is not their baby. 

This chain of culpability extends upwards in banks packaging the loans into bonds to be sold off to unsuspecting customers seeking better yield for their money and rating agents who wilfully put their seals of approval on bonds they never examined properly or knew were bad but went along for the money. 

NOW THAT THE BUBBLE HAS BURST THERE IS NO WAY TO RETURN TO THE PAST AND THE WORLD FACE A RECESSION EVEN DEPRESSION MORE LIKELY. 

 

Broker admits to immoral lending  

between 2002 and 2004 Steve worked in a call centre alongside more than two hundred people targeting home-owners who traditional lenders would shy away from: those in arrears, with county court judgements to their names, even those reliant on state hand outs.  

"If they had enough benefits to support the size of the mortgage they wanted, we'd do it," he admits.  

"I did remortgages where the customer was solely on benefits - carer's allowance, income support, or housing benefit."  

'Loving it'  

Steve says people were coming back again and again.  

"We'd have customers ringing us up, who we'd remortgaged 4 months ago, asking 'can we do it again', and we'd remortgage 2 months later and they'd get another 10k."  

"The company was loving this, absolutely loving this. But it was wrong. They shouldn't have done it."  

By remortgaging, struggling home-owners could capitalise on the rising value of their houses to release enough cash to pay off their existing debts.  

Steve guessed that many of his customers would struggle to meet the repayments of their new sub-prime mortgages once the fixed rate deals came to an end, but with cash bonuses and luxury holidays on offer for hitting targets, he persisted with what he now admits were immoral - but not illegal - tactics.  

"I won an 11 day cruise in the Med - now I'm thinking perhaps I shouldn't have done," he says.  

"Many of the people who were selling these loans have had umpteen warnings and nothing's become of it."  

Carol claims tens of thousands of people are still suffering from the effects of cold-calling, some of it dating back a decade.  

 

The nature of people’s understanding: 

Ordinary emotional stylish people do have understanding but their understand enough of the meanings of words not to tell the truth but to falsify to deceive, get what they want, impress, please, intimidate and dominate others, to fabricate and obey rules. What they never understand is enough to speak the plain pure truth, whatever truth they speak or know is accompanied by force, forceful stretching, changing speed and loudness that becomes a fatally corrupted truth that is never fabricated live specific for the occasion but recorded and filed in their mental jukeboxes to be rehashed impersonally, non-specifically for the occasion at hand. All rules are ultimately false and whatever they say or do or understand must be organized into rules for them to memorize and to the extent that they understand rules, can formulate rules, they have understanding but it is ruled or rehashed rigid ultimately false programmed understanding that they have. 

IT IS NOT SO MUCH THE MEANING OF WHAT IS SAID THAT PEOPLE UNDERSTAND BUT IT IS FORCE THAT ACCOMPANIES WHAT IS SAID TO THEM THAT RAMS THROUGH WHAT IS SAID TO THEM TO MAKE THEM UNDERSTAND. THUS OFTEN WHEN YOU SAY SOMETHING QUITE SIMPLE TO SOMEONE, THEY DON’T UNDERSTAND BUT YOU HAVE TO REPEAT LOUDLY OR WITH MUCH FORCE BEFORE IT GETS IMPRINTED IN THEIR HEADS WHAT YOU WANT TO SAY. 

THUS PEOPLE MAY BE FOOLED THAT IT IS THE MEANING OF THE WORDS THAT PEOPLE UNDERSTAND WHEN IT IS THE ACCOMPANYING FORCE OF WHAT IS SAID THAT DOES THE TRICK, THAT MAKES WHAT IS SAID CLICK IN THE ROBOTIC PERSON’S MIND OR ENCODE IN HIS HARD DISK. 

Good at pretending: 

A person can be good or skilful or poor at pretending that indicates he is very slick or well practiced or nervous or hesitant or poor at pretending. 

It is only a foolish or gullible person who can be deceived by slick pretending, it does not make any difference whether pretending is slick or hesitant, a discerning person sees and knows by the falsity of what is said or done, how it is said and done that it is false or pretending and so what is so good or skilful about pretending that the discerning can unfailingly detect as pretending? 

EVEN TO SAY SOMEONE IS GOOD AT PRETENDING REFLECTS THE PERSON’S DELUSION OR IS TANTAMOUNT TO ADMITTING HE CAN BE DECEIVED, HE HAS DIFFICULTY SEEING WHAT IS PRETENDING OR NOT BECAUSE IF A PERSON IS DISCERNING HE CAN INFALLIBLY DETECT PRETENDING SO HOW CAN ANY PRETENDING BE GOOD OR SKILFUL? 

UMNO not a bully: 

Badawi is cavalier to say UMNO is not a bully because by all impartial yardsticks, UMNO is a bully who will protest if anyone step on its toes and it is the big bully in the BN coalition. Thus what he said is a blatant lie or if he believes it is true he is deluded, either way he is headed for torment far graver and everlasting than he dreamt possible. 

Badawi again defended ISA and said it is necessary. The ISA is an evil unfair law subject to abuse and it has been abused not occasionally but even ‘at the drop of a hat’ and so anyone who has the power to repeal the law but does not do so but even justify it is putting his neck on the chopping board. Again this statement will bestow great suffering for Badawi who is saying so out of vested interest because it is to his advantage that ISA remain but he does realize that it may be and will be possible for him to become the receiving end of such unfair laws in future existence. 

BADAWI IS A GREAT FOOL INCESSANTLY HEAPING KARMA AFTER KARMA ON HIMSELF THAT WILL RESULT IN GREAT PROLONGED PAIN FOR HIM IN THE FUTURE. 

 

How Malaysia’s PM fell from grace: 

Quote BBC headline: How Malaysia’s PM fell from grace. 

Badawi did not fall from grace nor is he is disgraced or shamed but what is said is an inappropriate description because the person is a robot who has a variety of rote labels that he can retrieve to apply to the situation but he chose the label that is not quite right. 

Badawi has lost his popularity or people have relinquished their trust in him or they are unhappy at the way the country is being run or the state of the economy and so Badawi is unpopular but he did not fall from grace or was shamed. 

Badawi: Dr M out to create disunity 

It may be or is true Dr M is out to create disunity but why is he so interested in unity if not because it is directed at him and he only concerned for himself. 

If you can see Dr M out to create disunity why can’t you see yourself out to create disunity or undermine your enemies eg Anwar unfairly? 

BADAWI MAY CONVENIENTLY CLOSE ONE EYE TO HIS DOUBLE STANDARDS NOT REALIZING THAT IN HIS BLINDSPOT IS A DEADLY MISSILE FLYING TOWARDS HIS DIRECTION THAT WILL DESTROY HIM. 

What is Badawi’s motive? 

What is Badawi’s motive in saying Dr M is out to create disunity? 

It is not so much disunity that Dr M is creating but Dr M is undermining Badawi’s authority and by saying so, Badawi unfairly wants those gullible to perceive Dr M as bad or up to no good and thus support him. Badawi is more interested in continued support for him rather than unity per se and so what he said is loaded, it false, he did not say what he meant which was Dr M is undermining me and I want you to see Dr M as bad and therefore I am good. 

Why need fear if you have reason? 

Fear is a blind force driven reaction to a situation that stops what one is saying or doing and pulls one back even to blindly run away that in some situations can be dangerous even fatal. 

On the other hand reason or logic is based on your understanding what you see clearly or objectively what the situation is about, where the dangers lie and in what ways exactly they are dangerous and to then take appropriate actions in words or deed to negate the dangers if possible. If not possible all the fear and worry in the world will do no good but instead will drive you to do or say things that will make it worse. 

THUS IF YOU HAVE GENUINE REASON YOU DO NOT NEED FEAR AS A MOTIVATOR TO COUNTER DANGER, IF YOU DO NOT HAVE GENUINE REASON THEN YOU HAVE TO SETTLE FOR THE POOR BLIND SUBSTITUTE, FEAR. AND BECAUSE ALL EMOTIONAL STYLISH PEOPLE POSSESS FEAR EVEN TO INTENSE IRRATIONAL LEVELS, THEY THEREFORE CANNOT HAVE GENUINE UNDERSTANDING OR REASON, OTHERWISE THEY WOULD NOT NEED TO POSSESS FEAR WHICH IS A BLIND FORCE DRIVEN SURVIVAL TOOL THAT IS ALWAYS SUFFERING AND CAN PROVE FATAL RATHER THAN HAVING SURVIVAL VALUE. 

THEREFORE THE FACT THAT ORDINARY PEOPLE ALL POSSESS FEAR IN SERIOUS LEVELS INDICATE THEY DO NOT HAVE GENUINE UNDERSTANDING, WHATEVER UNDERSTANDING THEY HAVE MAY BE FAKED, APPEARS TO BE BUT IS NOT TRUE OR IT IS A DECEPTION THAT THEY HAVE GENUINE  REASON AND UNDERSTANDING WHEN THEY DON’T. BY IMPLICATION JESUS SAID PEOPLE DO NOT HAVE UNDERSTANDING WHEN HE ASKED HIS DISCIPLES WHETHER THEY ARE STILL WITHOUT UNDERSTANDING COMPLAINING ABOUT NO BREAD. UNDERSTANDING IS NOT SPECIFIC BUT GENERAL (IF YOU HAVE UNDERSTAND IN ONE AREA YOU MUST AND CAN ALSO UNDERSTAND IN ALL AREAS, IF YOU CAN’T UNDERSTAND IN ONE AREA YOU CANNOT UNDERSTAND IN ALL OTHER AREAS). 

A robot or computer can never understand or reason but it only does what it is told to do or has written instructions in its hard disk and it will do precisely as its instructions tells it. 

Nowadays robotic cars have been designed with good enough perceptions of relevant environmental cues necessary to safely negotiate a series of varied obstacles to start, stop, change direction and speed in such a way as to arrive safely at its (programmed) destiny even many miles away. 

INCREASINGLY SOPHISTICATED SELF DRIVING CARS ARE MERELY MECHANICALLY DOING WHAT THEY ARE TOLD TO DO IN INCREASINGLY SOPHISTICATED WAYS THAT APPEAR DECEPTIVELY AS IF THEY CAN THINK OR KNOW WHAT THEY ARE DOING WHEN THEY DON’T. THEY MERELY DETECT THE THINGS THEY ARE TOLD TO DETECT AND DEPENDING ON WHAT THEY DETECT, THEY GO OR BRAKE, TURN LEFT OR RIGHT OR GO AHEAD AND ACCORDING TO WHAT THEY SEE THAT MATCHES WHAT IS PROGRAMMED IN THEM AND ON SATELLITE COORDINATES, THEY ‘KNOW’ THEY HAVE REACHED THEIR DESTINATION AND STOP. 

THE EXISTENCE OF THESE INCREASINGLY SOPHISTICATED SELF DRIVING ROBOTIC CARS THAT CAN START, STOP, STEERING AND AVOID ALL THE OBSTACLES THEY ARE LIKELY TO MEET AND ARRIVE SAFELY AT A DESTINATION IS EVIDENCE THAT YOU DO NOT NEED GENUINE REASON OR UNDERSTANDING TO SURVIVE WELL IN THIS WORLD, WHAT APPEARS AS IF THE ROBOT CAR IS SEEING AND UNDERSTANDING IS A DECEPTION BECAUSE THE CAR IS MERELY FOLLOWING INSTRUCTIONS THAT ARE NOW SO GOOD IT ENABLES IT TO ARRIVE SAFELY AT A (PRE-PROGRAMMED) DESTINATION. 

IT MAY BE POSSIBLE AND IS THE DE FACTO WAY STYLISH EMOTIONAL PEOPLE EXIST NAMELY BY PROGRAMMED INSTRUCTIONAL LOGIC IN WHICH THEY OR THEIR CONSCIOUSNESS ARE MERELY SPECTATORS OR VOYEURS AND DISK JOCKEYS SELECTING WHICH SPEECH AND ACTIONS TO TAKE AND OFTEN WHAT THEY SAY OR DO IS BY KNEE JERK, THE MENTAL PARROT GET THE HANG OF WHAT IS EXPECTED OF THEM AND EXECUTE WITHOUT BEING ASKED. 

People depend on fear: 

Emotional people depend on fear to get them out of trouble. They depend on fear to stop what they are doing or saying to get away as quick as they can, hoping to preserve their lives here. 

When you depend on fear you depend on force indiscriminately stopping whatever you are doing or saying and force driving to run helter-skelter from the site of your fear. 

It is true you must run away from a building that is collapsing because it can crush you and you know you must run as quick as possible but you first assess the situation and see where the building is falling so that you run in the correct direction as fast as you can to best save yourself. 

By contrast the roar of a collapsing building seizes the fearful person with intense fear that may initially freeze or immobilize him and then automatically makes him run in a direction away from the source of the fear that may be ill chosen because the place he is running to may be a cliff or be overwhelmed by falling debris. 

A PERSON DEPENDENT ON FEAR TO SAVE HIMSELF MAY LOSE VITAL SECONDS WHEN HE IS FROZEN IN FEAR NOT TO ASSESS THE SITUATION AND RUN WHERE A PERSON WHO IS NOT FEARFUL IS NOT FROZEN AND DOES NOT LOSE VITAL SECONDS. 

 

FEAR IS ALWAYS SUFFERING BECAUSE IT IS SUBJECTING YOUR MIND TO FORCE EVEN TO INTENSE LEVELS THAT THEN TAKES TIME TO SUBSIDE (WATCH CAREFULLY AND YOU SEE FEAR SUBSIDE SLOWLY AFTER THE FEARFUL EVENT HAS PASSED) AND THUS THE PERSON WHO DOES NOT STIR FEAR OR WHO IS NOT DEPENDENT ON FEAR DOES NOT SUBJECT HIMSELF TO SUFFERING. 

FEAR IS DANGEROUS BECAUSE IT FREEZES THE FEARFUL PERSON WASTING VITAL TIME THAT CAN BE USED TO ASSESS AND DECIDE WHAT TO DO AND THEREAFTER IT SEIZES THE PERSON TO BLINDLY RUN THAT MAY BE FATAL LIKE JUMPING FROM THE PAN INTO THE FIRE. 

THERE IS NO GOOD IN FEAR BUT IT IS BAD AND ANYONE WHO JUSTIFIES FEAR IS A FOOL AND PERVERT WHO DOES KNOW WHAT IS BEST FOR HIMSELF.  

INSTEAD FEARFUL PEOPLE HAVE NO CHOICE BUT TO FEAR BECAUSE FEAR IS STRONGLY CONDITIONED IN THEM AND THEY ARE SLAVES OF FEAR, THEY HAVE NO GENUINE REASON AND THEREFORE MUST DEPEND ON FEAR TO GET THEM OUT OF TROUBLE. 

How stylish people have no fear: 

Stylish emotional people are never truly fearless but they act fearless. 

How does one act fearless? 

One galvanize or stirs one’s force of going against self not to shrink but to stay put or even rise in strength so as to push back the stirring force of self preservation in order not to be fearful in a situation that arouses fear or to act fearless to others. 

Because this fearlessness is acted, is dependent on counterbalancing the rising force of self preservation with the force of going against self, it is inherently unstable and the truce or balance can be broken if a situation can stir the rise of the force of self preservation to greater heights as to defeat the force of going against self. 

Thus a goat may act fearless even as he faces the noose but when the noose is slipped onto his neck he screams in fear. 

A Buddha has no fear: 

A Buddha has no fear because his mental force cannot be stirred by anything happening in this world and rather than boredom it is exquisite bliss according to the Buddha. To have one’s mental force constantly being stirred by whatever is happening is never the pleasure it is cruelly made up to be but suffering even to tormenting suicidal homicidal levels. 

NO ONE CAN TAKE A BUDDHA’S LIFE BUT HE VOLUNTARILY EXTINGUISHES HIS LIFE HERE WHEN THE TIME COMES. THERE IS NO RECORD OF ANY ENLIGHTENED ONES WHO ACCORDING TO THE BUDDHA, WIELDS POWER EVEN AS FAR AS THE HEAVENLY WORLDS, BEING KILLED AND SO IT MAY BE OR IS THE CASE THAT NO ONE CAN TAKE A BUDDHA’S LIFE AND ONLY HE CAN EXTINGUISH HIS LIFE HERE. 

Switzerland to go bankrupt? 

Iceland declared bankruptcy recently because it was unable to fulfil its financial obligations acting as bankers for other nations. 

Switzerland too have been the bankers to the world and as recent events at UBS shows, its supposedly cautious dependable bankers are perfectly capable of making a mess of themselves and others and so it may not be farfetched that if there was a run on Swiss banks, the nation may raise the white flag and declare bankruptcy. 

Switzerland may not be as squeakily clean as it likes to present, there are allegations of Nazi banking, illegal hoards stashed in its vaults with no questions asked and so it may also be a risk from foolish overextension. 

Is Switzerland the next Iceland? 

After Britain and the US injected massive amounts of capital into their banks, Switzerland has taken emergency measures to try to shore up its banking system. Sean Farrell reports 

In an extraordinary move for a nation proud of its financial prudence and stability, Switzerland was forced to take emergency measures yesterday to shore up its two biggest lenders to prevent a collapse in confidence in the country's banking system. 

The state will inject SFr6bn (£3.1bn) into UBS, its biggest bank, in return for a 9.3 per cent stake, and will allow UBS to unload $54bn (£31bn) of toxic assets, including sub-prime mortgages and Alt-A securities, into a fund controlled by the central bank. 

Credit Suisse, the No 2 Swiss lender, obeyed instructions from the central bank by raising about SFr10bn from investors in the market, including the Qatar Investment Authority, which is already a big shareholder and is a major stakeholder in Barclays. The fundraising, which allows Credit Suisse to meet tough new Swiss capital rules, represented about 12 per cent of the bank's existing equity. 

Switzerland had to act to underpin confidence in its prized banking system after Britain, the US and others announced massive capital injections into their major lenders. Without doing likewise, the Swiss banks would have been left exposed to market jitters and speculation. 

The country of 7.5 million people houses SFr3.46trn of bank deposits, almost seven times its gross national product. That is less than Iceland, whose deposits are nine times GDP, but much higher than the UK where deposits are close to double GDP. 

"It's clear that we have a confidence problem," Philipp Hildebrand, the Swiss National Bank's vice president, said. "It is notably the two large banks that are affected." 

The woes of its banks, and UBS in particular, have rocked Switzerland, where the financial sector accounts for almost 15 per cent of output. The government said it did not intend to hold the stake in UBS for many years and hoped to sell it to private investors soon. It will impose changes in corporate governance and risk controls in return for the state's support. 

The capital increase will lift UBS's tier one capital ratio to 11.5 per cent by the end of the year from 10.4 per cent. After its fundraising, Credit Suisse's tier one ratio would have been 13.7 per cent at the end of September, compared with the 10.8 per cent the bank reported. 

The Swiss government also said it would follow other European governments by increasing its depositor protection scheme from the current SFr30,000 level. It stressed that the country's other banks were generally sound. 

UBS said the government's measures should help it reverse withdrawals of client assets. Wealthy clients have been taking money out of the bank's core wealth management business because of a stream of writedowns at the investment banking division, which expanded into structured credit just before the market imploded in the summer of 2007. 

Net outflows of SFr49.3bn hit the wealth management business in the third quarter, while the global asset management division leaked SFr34.4bn. The withdrawals increased as the financial crisis worsened in September after the bankruptcy of Lehman Brothers in the US. UBS recorded a small net profit of SFr296m for the third quarter, though it was helped by benefits from the reduced value of its own debt and tax gains. 

UBS said its biggest need was to reduce its exposure to illiquid assets, whose plunging value has caused massive losses and shattered confidence in the bank, and that the central bank's fund would help it get back to running its business as normal. The investment bank made new writedowns and losses of $4.4bn on top of $42bn of writedowns since the start of the credit crunch. 

"All European governments intervened and this left the Swiss banks at a competitive disadvantage," Dirk Becker at Kepler, the brokerage, told Reuters. "The Swiss have recapitalised their banks and made them the best capitalised banks in the world." 

Credit Suisse saw strong inflows at its wealth management business of about SFr14bn in the quarter but made a net loss of about SFr1.3bn due to new writedowns. 

The government also said that if refinancing problems emerged, it would guarantee banks' new short- and medium-term interbank liabilities and money market transactions. The move would follow a key step announced by the UK as part of its rescue package for the sector. 

Shares in the two banks rose after the rescue package was announced but fell at the end of the session in line with the wider market after gloomy employment numbers from the US increased fears about the world economy. Credit Suisse drop-ped 0.9 per cent to SFr45.5 while UBS lost 4.9 per cent, closing at SFr19.09. 

Like other governments, Switzerland has acted to try to stop the financial crisis wreaking havoc on the wider economy. With banks refusing to lend to each other, the cost and lack of credit for small businesses and corporations threatens to turn the economic downturn into a punishing recession. 

"This package of measures will contribute to the lasting strengthening of the Swiss financial system," the government said. "The resulting stabilisation is beneficial for overall economic development in Switzerland and is in the interests of the economy as a whole." 

Delusion is about perception not belief: 

A person is not deluded because he believes what is false is true but he is deluded because he perceives what is false is true and that is the reason why it is very difficult and often impossible to cure delusion because that is the way he sees things and it is backed by considerable force and force of habit and without releasing that force backing, there is no exit from his delusion. Most people won’t let you touch their force, they treat their mental force as sacrosanct and friend when it is their worst enemy. 

Thus most if not all deluded people perceive their like and smiles as genuine and good, they do not just believe they are genuine and it is force not reason driving their false perception it is difficult if not impossible for them to exit their delusion. 

THERE IS SUCH A THING AS DELUSION AND WHATEVER EXISTS HAS AN EXPLANATION OR REASON AND SO IT MAY BE OR IS THAT DELUSION IS ABOUT FALSE PERCEPTION, NOT FALSE BELIEF. 

INITIALLY WHEN SOMETHING IS PRESENTED FALSELY TO A PERSON, HE JUST BELIEVES IT BUT WITH FREQUENT FORCED BELIEVING HE COMES TO FALSELY PERCEIVE IT AS TRUE AND SO IT IS THAT DELUSIONS ARE FALSE PERCEPTIONS NOT FALSE BELIEFS. 

Hawking Lehman Bonds: 

Some Singaporeans who lost their money investing in Lehman bonds claimed that Singaporean bank staff misled them and deliberately recommended the bonds. 

If Lehman knew it was in desperate trouble and still issued those bonds then it is irresponsible and there will be karma for those who are responsible. Those bank staff may be paid commissions to sell Lehman’s bonds and if it is true that they have been aggressive marketing those bonds, then they do not realize there is future pain for causing others grievous loss. 

The semblance of financial strength: 

It may be true that Malaysia’s financial system is ‘rock solid’ or it may be true it has been limping along in the aftermath of the East Asian crisis. So long as the demands on the financial system is not very great, its debilities may be patched over, cover up to give a semblance of normality but should the system be subject to a severe test as the current global financial crisis represents, then the Malaysian financial system may not be able to cope. 

Thus it remains to be seen whether Malaysia’s financial system is as solid as claimed or that it is tottering from abuses and corrupt practices of politicians, unfettered lending for unproductive ventures like credit card and property development. 

After spending yourself into trouble you want to spend yourself out of trouble? 

Quote Bernanke: US Federal Reserve chief Ben Bernanke says more government spending to combat economic weakness "seems appropriate". 

You don’t spend to combat economic weakness, that is mad spending but you spend because there is a specific need to spend. 

America has been the leader of the heedless in profligate spending of money it does not have (by using credit) and now it wants to spend itself out of trouble. You may see nothing wrong with this logic but it is perverse logic. 

Governments and people are in grave deficit and so to spend yourself out of trouble is to print more money. 

After you spent yourself into trouble the unpalatable truth is that you have to work and save to repay your debts and if that means the economy should contract then that is the price of your former fiscal recklessness.  

Bush: Americans more relaxed about the economy after the bailouts. 

Comment: Not that Americans should be anxious or worried because it is useless and suffering to worry but Americans should be alert or attentive to the economy, not relaxed (complacent). 

WHETHER AMERICANS ARE MORE RELAXED OR ANXIOUS ABOUT THE ECONOMY HAS LITTLE OR NO BEARING AS TO THE OUTCOME OF THE CRISIS AND SO BUSH IS BARKING UP THE WRONG TREE WITH THE MOTIVE OF WRONGFULLY REASSURING THE PUBLIC THAT ALL IS WELL WHEN IT ISN’T. 

EVEN THE RICH ARE ANXIOUS ABOUT ECONOMIC PROSPECTS AND POLLS OF CONSUMER CONFIDENCE INDICATE BUSH HAS NO BASIS FOR WHAT HE SAID THAT IS DETACHED FROM REALITY AND IT REFLECTS HE IS A FIGURE HEAD PRESIDENT THAN A GENUINE LEADER. 

Najib’s manifesto: 

Deputy Prime Minister Najib Abdul Razak wasted no time unveiling his manifesto for the Umno presidency, denouncing recent allegations made against him and vowing to defend till the last drop of his blood the supremacy of the Malay race. (sounds very moving but the truth may be he will not spill even one drop of his life but spill others’ to get what he wants)



"I will defend the supremacy of the Malays until the last drop of my blood if I win the mandate of the delegates to become the next Umno president at election to be held in March 2009," Najib said.

"This is the solemn promise I made to my late father before he died,” he added.



He also promised to set up a Council of Presidential Advisors to be made up of Umno elders and past prime ministers, giving basis to speculation that former premier Dr Mahathir Mohamad was poised to make a comeback.



“I will also ensure that my family won’t become involved in business or interfere in the administration of the country. I will carry out my responsibilities without any influence from other countries,” said Najib. 

If what is said above, the Najib is pandering to the Malays to govern Malaysia. Sounds like a ruthless man who will do anything to get what he wants and that includes lies and even ‘getting physical’. 

Grave karma: 

If Najib’s manifesto is true, it is grave karma because in the name of canvassing support he is promoting chauvinism, making Malays conscious of their race at the expense even blood of others. He is speaking of defending with blood that means warfare and bloodshed and even it does not appeal to all Malays, will stir those who are so inclined and they can provide the spark to ignite interracial bloodshed. Hence if it is true, there is a place in hell for him. 

Malaysia paying $2.3 billion for $900 million helicopters. 

THE COUNTRY IS PAYING 2.3 BILLION FOR HELICOPTERS THAT A CANADIAN COMPANY IS OFFERING TO SUPPLY FOR 900 MILLION. 

 

Najib admits SMS to Shafee is true: 

"I am ready to face any court to clear my name which those who are envious of my achievements are trying their best to tarnish. I deny that my SMS communication with Muhammad Shafee Abdullah was in any way an abuse of power. 

If the SMS exchanges did occur then it is undeniable that it is abuse of power by Najib and so if this manifesto is true, Najib is admitting the SMS did occur but insists what he did is not abuse of power. 

 

Other parts of his manifesto: 

“I have been attacked by my enemies who claimed that I carry out Hindu rituals. All of you can refer to S Samy Vellu who will vouch that I have never gone with him to any Hindu ceremony. I swear in the name of God that I am a faithful Muslim.”



“I have also been linked with the murder case of Altantuya. I once again swear in the name of God that I never knew her.



"I am ready to face any court to clear my name which those who are envious of my achievements are trying their best to tarnish. I deny that my SMS communication with Muhammad Shafee Abdullah was in any way an abuse of power.



“I strongly deny allegations that I am involved in the Eurocopter scandal. The contract went through due process and procedures. The defence ministry accepted the decision and agreement from the ministry of finance was obtained in the selection of the Eurocopter tender.



"The defence ministry issued a Letter of Intent on Sept 15, 2008. A Letter of Intent can be issued at anytime and in accordance with proper procedure, it was issued on Sept 15 2008. I state my readiness to be investigated by PAC or BPR!,” Najib said.



The father of five was hit by a double-whammy of scandals last week.



First, allegations that he had an affair with a Mongolian woman murdered here in 2006 resurfaced after website Malaysia Today posted a series of SMS messages purportedly sent by him to a lawyer involved in the case.



He also came under scrutiny for a questionable RM2.3 billion ringgit helicopter deal.



In that deal, a whistleblower claimed the defence ministry - under Najib at that time - had agreed to buy 12 units of Cougar EC-725 choppers even though there was a cheaper alternative.



Canadian-based Kelowna Flightcraft had offered to supply the same number of helicopters of similar specifications for only RM898 million, but it was turned down.



The uproar that ensued pressured Abdullah, who took over the defence ministry last month, into promising a review of the circumstances. Najib has said he will give the Dewan Rakyat a detailed explanation soon.



“I have full confidence that delegates will use their wisdom in making their choice of leadership next March. They should be intelligent enough to gauge who among their leaders truly represent the interest of the Malay community and who has in the past betrayed the Umno’s struggle by becoming an agent of a foreign country,” he said, in clear reference to his arch rival Anwar (above). 

Dare to issue then dare to admit: 

If you dare issue a manifesto to court support then you should be man enough to stand publicly behind what you said otherwise you are scurrilous and dishonest. 

Whether the manifesto exists or not and who is the true author and if it has Najib’s approval can be known. That manifesto is actually foolish, untenable and it reflects a fool to issue it and then to deny it after it inevitably becomes public is to dishonour yourself, to render yourself a lair. 

Why Najib’s manifesto likely genuine: 

It is said Najib denied he issued that manifesto. 

Key parts of the exposed manifesto (which was not meant for public consumption but a targeted audience) essentially refuted damaging allegations he practiced Hindu rituals, he did not know Altanturya and he did not abuse his powers in Razak Baginda’s case. They are mere reiterations of his public stance on those matters. 

If it is not Najib himself saying or his speech writer doing for him strongly denying involvement in the Euro copter caper, who is it? Why would anyone want to fake for Najib that Najib was innocent of corruption here? 

ONLY NAJIB HIMSELF WOULD STRONGLY AND VEHEMENTLY DENY HIS INVOLVEMENT IN HINDU RITES, KNOWING ALTANTURYA AND THE EURO COPTER CAPER AND THEREFORE THE MANIFESTO IS LIKELY IF NOT CERTAINLY FASHIONED BY HIMSELF OR HIS SPEECH WRITER. 

THUS TO SAY HE WILL FIGHT TO HIS LAST DROP OF BLOOD DEFENDING MALAY INTERESTS IS TO OFFER HIMSELF AS A CHAMPION OF MALAYS THAT WILL MAKE HIM A HYPOCRITE IN SPEAKING OF HARMONY WITH THE OTHER RACES BECAUSE IF HE IS WILLING TO SHED HIS BLOOD HE MUST BE WILLING TO SHED THE BLOOD OF THOSE PERCEIVED AS ENEMIES AND THAT CAN ONLY BE THE OTHER RACES. 

Proof that Bush talks nonsense: 

Rather than people feeling more relaxed about their prospects after the hefty bailouts, the poll below says the opposite. 

Thus Bush is a person who does know what he is talking about like a boy lost in an adult world, and here is a man who is president of the most powerful nation. 

Poll: Public anxiety on economy intensifies  

Most fret about falling stocks besides mortgage payments, job security 

The Associated Press 

updated 3:53 p.m. ET Oct. 20, 2008 

WASHINGTON - With little relief in sight, people are getting more anxious about the slumping economy and how it affects them. 

The share of people who believe the country is moving in the right direction has plunged in just a few weeks, from 28 percent in September to 15 percent in October, according to an Associated Press-Yahoo News poll of likely voters that was released Monday. 

At the same time there is a drop in those surveyed who say they are happy about the way things are going in their own lives. Now 59 percent say they are personally happy, compared with 70 percent last month. 

Meanwhile, President Bush says Americans’ attitudes about the financial crisis are shifting from “near panic” to a more relaxed state. Bush spoke to reporters after a closed meeting Monday with Louisiana business leaders. 

The magnitude of the financial meltdown and its impact on the overall economy is hitting people hard across the social and economic spectrum. 

Najib has raised kris before: 

If I remember correctly, many years ago Najib publicly raised a kris before a Malay crowd at the TPCA stadium and threatened a bloodbath to the enemies of the Malays and so what he said is in line with his past stance. 

YOU WOULD EXPECT NAJIB’S ENEMIES TO FABRICATE FALSE ALLEGATIONS ABOUT HIM PRACTING HINDU RITES BUT WHY WOULD HIS ENEMIES WANT TO FABRICATE ALLEGATIONS THAT HE DENIED KNOWING ALTANTURYA, PERFORMING HINDU RITES AND WAS NOT INVOLVED IN ANY SHENANIGANS REGARDING HELICOPTER PURCHASE. 

Why let’s go fiscal is inappropriate: 

Whenever a person says, “Let’s go fiscal or physical or anything” he means it is fun to do so. 

Supposed someone has a heart attack, do you think it is appropriate or bizarre if you remarked, “Let’s go resuscitating”? 

In the same way the world economy is in a dire state and you think it is fun to resuscitate by fiscal spending when you should go about it solemnly, mindfully as a lot is at stake. 

The reason Krugman phrased it thus is to pander to the audience, to try to impress them how witty he is. As a result he perceives what is inappropriate as appropriate, what is fabricated, rehashed from what he memorized in his jukebox as genuine, specific and he is practicing without realization, controlled madness (in the name of popularity) that will end in uncontrolled madness you and he cannot believe it will pass. 

It is not just here that Krugman (and those who read but do not see its inappropriateness) perceives as apt what is inappropriate or bizarre but everywhere, he has no genuine reason but it is all rehashed according to plans reason in which it is force driving it directly or indirectly as emotions that is the master and he is force’s slave.  

If someone of the stature of Krugman, who has won a Nobel Prize has no genuine reason (otherwise he will know it is inappropriate to say “Let’s go fiscal”), what do you expect the lesser mortals amongst the human race? 

KRUGMAN IS PROBABLY TOTALLY UNAWARE OF THE INAPPROPRIATENESS OF HIS STATEMENT AND EVEN IF IT IS BROUGHT TO HIS ATTENTION OR HE IS AWARE, HE IS LIKELY TO DISMISS IT AS ‘GOOD CLEAN FUN’ OR HARMLESS MISCHIEF WHEN IT IS DEADLY, IT IS WALKING ON THE TIGHTROPE OF CONTROLLED INSANITY IN WHICH THE INEVITABLE OUTCOME IS A FALL INTO THE ABYSS OF INSANITY. 

No man of genuine reason: 

No man of genuine reason will do or say something without knowing he is doing it. A man of genuine reason always knows what he is doing or saying. 

Because all ordinary people, including those at the highest echelons constantly use force to prolong/stretch, change speed and loudness (strength of force) and they are not aware of it, even after it is demonstrated to them clearly what is stretching, changing speed and loudness, they still do it helplessly, they cannot be beings of genuine reason and what reason they have must be faked or conditioned programmed or rules reason just as computers and robots have programs that tell them what to say or do and how to deal with incoming data. 

No man of genuine reason will find style or the use of force to prolong, change speed and loudness meaningful and beneficial because it is not only meaningless, merely a constant exercise of force that is meant to be seen or heard, nothing more but the constant use of force results in rising stress, restlessness, distraction that reaches excruciating, suicidal homicidal levels. 

Because all ordinary people find style meaningful and beneficial when it is the opposite, they cannot possess genuine reason but their reasoning must be a counterfeit, robotic programmed rules reasoning. 

Only something rehashed can be inappropriate: 

Only something rehashed to be applied to a situation that has arisen can be inappropriate because it was not meant specifically for the occasion but to a variety of similar occasions, it must be of necessity at best an approximate fit. It is only if something is composed specifically for an occasion that it must and will fit the occasion perfectly. 

Why must something live, specific for the occasion fit it perfectly? 

The reason is that a live response takes into consideration all the relevant factors present in the situation to compose the response. If a person does not see or know something in the situation he does not assume and thus what is formulated specifically based on facts a person see and know in the situation must always fit perfectly that situation. 

IT IS BECAUSE A PERSON TAKES HASTY SNAPSHOTS OF A SITUATION AND THEN SEARCHES HIS MENTAL JUKEBOX FOR A REPLY THAT MAY BE APPROPRIATE AND THAT REPLY IS NOT INTENDED SPECIFICALLY FOR THIS OCCASION BUT A VARIETY OF OCCASION THAT IT WILL NEVER FIT PERFECTLY, AT BEST IT FITS APPROXIMATELY. 

THUS IF WHAT A PERSON SAYS AND DOES IS EXAMINED AND FOUND TO BE INAPPROPRIATE, IT HAS TO BE REHASHED TO BE APPLIED WRONGLY TO THE SITUATION AND THE PERSON IS A BIOLOGICAL ROBOT. 

India’s moon mission: 

India is still a poor country in which money can be put to better use than finance a moon mission that has no valid reason for except that it is an expensive exercise for prestige to prove the nation’s prowess. 

Why is India’s venture for show? 

There is no pot of gold in the moon that India needs to go there. Whatever information about the moon can be obtained from other sources eg US exploration. 

If you say that the mission is to refine India’s space knowhow then that is a perverse reason or excuse because you do not do something just to refine your knowhow to do it and in any case you should know whether the reason is to refine your knowhow or to prove a point, to impress others how advanced you are that may not be true or to make Pakistan jealous. 

THUS MANKIND IS ABSURD, THEY WILL DO ALL KINDS OF THINGS, GO TO GREAT COSTS FOR THINGS THEY CAN ILL AFFORD JUST FOR SHOW, TO IMPRESS OTHERS OR MAKE ANOTHER JEALOUS. 

THERE IS NO GENUINE REASON FOR INDIA TO GO TO THE MOON EXCEPT FOR SHOW OR EMOTIONAL REASONS AND IF YOU THINK THERE IS REASON YOU MAY BE RIGHT OR HAVE FALSE PERCEPTION AND LOGIC. 

To show that India can do it: 

If you asked the people involved they may admit or even proudly trumpet that India’s moon mission is to show the world India too can do it. Even if they deny it, whatever is your purpose in going to the moon may be known and if it is to show the world this or that then it is meaningless, for show. 

WHENEVER ANYONE DOES SOMETHING TO PROVE A POINT OR TO SHOW OTHERS YOU TOO CAN DO IT, THEN WHAT IS DONE IS MEANINGLESS, FOR SHOW TO IMPRESS OTHERS. IF YOU PERCEIVE THAT SHOWING OTHERS YOU CAN DO IT IS MEANINGFUL THEN YOU MAY BE RIGHT OR YOU HAVE ADVANCED FALSE PERCEPTION AND LOGIC THAT WILL END IN MADNESS. 

Kerkorian gets mauled: 

Kerkorian, a well known corporate raider or predator sold a large part of the stake he built in Ford as recently as 4 months ago for a $500 million dollar loss and this may have to do with overleveraging or forced selling because of margin calls. 

Kerkorian owns a controlling stake in MGM Mirage a hotel and gambling company whose share price has plunged from $95 last year to $14 this year. It seems he had to put up more of his shares in MGM as collateral and may lose his controlling stake. 

His trouble that may be far from unique but typical of the rich is that they have insatiable greed and use their existing wealth as security to borrow more. Should their gamble win, they make money more than they would without leveraging or borrowing using their existing wealth as collateral. Should the bet go wrong, sometimes for unforeseeable events like the current credit crunch, they can get wiped out. 

What happens when people get jobless and hungry? 

This current credit crisis has a potential to make many people all over the world jobless and when they are jobless and hungry they will be driven to grab and take the law into their own hands and so there may be mayhem in store in the future. 

THIS IS JUST THE BEGINNING OF THE CRISIS. THERE IS TALK OF SINGAPORE RETRENCHING THE HUNDREDS OF THOUSANDS OF MALAYSIANS WORKING THERE. WHEN THERE IS MASS UNEMPLOYMENT AND PEOPLE ARE HUNGRY AND HAVE NOTHING TO DO, THEN THEY BECOME THE DEVIL’S PLAYGROUND AND SO THE FUTURE CAN BE VERY DIFFERENT FROM TODAY.