No matter who you are:

 

No matter who you are:

It does not matter who you are, the only true reason for oil prices to rise is if production costs (eg through inflation) rises.

If you perceive a fall in US reserves is a true reason for prices to rise then you have false logic and perception that is never harmless but is the path to certain final mad perception and logic. To jump off a cliff is mad logic and perception.

The fact that you still perceive that a fall in US reserves is a valid justification for price rises reflects the advanced resistant or automated nature of your false perception. You have been so programmed to perceive it as natural it is automated and cannot be reversed by reason.

Greed is the reason for oil to rise:

Greed for profit is the reason for oil to swiftly rise on reports of a fall in US reserves. Because greed is about stirring of mental force to be attracted by the opportunity for gain, it is blind and harmful and nothing to do with false reason.

There is a rule that governs rise of oil prices driven by greed and it goes like this: Whatever happens that causes a rise in demand (eg falling US reserves) or drop of production (hurricane in gulf) equals shortage equals opportunity to buy in anticipation of a price rise that will result in profit.

The reason oil rises on report that US reserves are dropping is the false greed driven reason that demand for oil will therefore rise and it is an opportunity to bid up the price or demand more or extort buyers.

THUS IT IS GREED, THE ATTRACTIVE STIRRING OF A PERSON’S MENTAL FORCE AT THE OCCURENCE OF AN OPENING FOR GAIN THAT DRIVES A PROGRAMMED OR RULES LOGIC TO BUY AND ASK FOR A HIGHER PRICE IF THERE IS A DROP IN PRODUCTION OR INCREASED DEMAND THAT MAKES CONSUMERS VULNERABLE TO DEMANDS FOR HIGHER PAYMENT.

Consider for a moment:

Quote Krugman: Consider, for a moment, a tale of two countries. Both have suffered a severe recession and lost jobs as a result — but not on the same scale.

“For a moment” is useless, totally unnecessary and it is objective not subjective. The urge in emotional people is to say more, to never let their yes be yes only and so they find the additions ‘for a moment’ full of meaning when it is useless.

What does it matter how long someone consider, be it a moment or many? If it is totally irrelevant and you perceive it as relevant then you are practicing controlled insanity that will end in uncontrollable insanity.

The Buddha never said, what do you think for a moment nor did Jesus say, look for a moment at the lilies in the field.

Not only is ‘for a moment’ unnecessary he is actually going about a roundabout of way comparing Germany and the US. Building up a story gradually rather than directly is a technique or style of speech that stylish emotional people have honed to impress others.

If the US had to pay with euros:

If the US could not pay for imports with currency that it issues but it has to buy say the euro to pay for its imports, then if its exports fail to earn enough euros to pay for its imports, it is impossible that EC will keep lending the US limitless euros to pay after the US has run out of euros and so the US must make do without or with less imports, if it still desires the imported goods, it must source them domestically or manage its trade so that it purchases goods it can produce locally even if they are more expensive and conserve whatever euros earned to buy goods that it can’t produce.

IF THE US HAD TO BUY EUROS TO PAY FOR ITS IMPORTS THEN ONCE IT HAS EXHAUSTED THE EUROS THAT ITS EXPORTS GENERATED, IT HAS NO EUROS TO PAY FOR FURTHER IMPORTS AND UNLESS THE EUROPEAN UNION IS WILLING TO KEEP LENDING IT EUROS TO PAY FOR ITS IMPORTS, THE US MUST MANAGE ITS TRADE BETTER.

(IT IS UNLIKELY IF NOT IMPOSSIBLE IF THE EU WILL KEEP LENDING THE US UNLIMITED AMOUNTS OF EUROS TO FINANCE ITS IMPORTS BUT RISING DEFICIT WILL BE MET BY RISING RESISTANCE AND PUNITIVE INTEREST CHARGES)

WHATEVER GOODS THAT CAN BE BOUGHT LOCALLY, EVEN THOUGH MORE EXPENSIVE, MUST BE SOURCED LOCALLY SO THAT EUROS EARNED BY ITS EXPORTS CAN GO TO PAY FOR THE IMPORTS THE US NEED AND CANNOT PRODUCE AND AFFORD TO PAY.

THE US WILL BE FORCED TO LIVE WITHIN ITS MEANS IF IT DID NOT PRINT THE MONEY USED TO BUY IMPORTS. IF THE VALUE OF ITS IMPORTS FAR OUTSTRIPS ITS EXPORTS, IT MUST ADJUST TO SOURCE UNESSENTIALS DOMESTICALLY TO CONSERVE EUROS FOR NEEDED IMPORTS. THE US MAY HAVE A PRODIGIOUS APPETITE FOR IMPORTS BUT IF YOU HAVE NO MONEY YOU HAVE TO GO WITHOUT JUST AS I MIGHT LIKE A FERRARI BUT IF I CANNOT AFFORD IT MEANS NO FERRARI.

Thus it is not China’s cheap yuan that is the cause of the trade imbalance with the US but it is the US abusing its privilege and unfair advantage of printing currency that is basically a valueless piece of paper to fund its purchase that is the cause.

A revalued yuan can be circumvented if the US still desire Chinese goods, it is just a matter of printing more USD whilst cheaper US goods does not necessary increase Chinese demand for US goods because China still has to earn, not print the USD that it needs to pay for the cheaper goods.

ANYONE WHO PERCEIVES THE UNDERVALUED YUAN IS THE CAUSE OF THE ‘SENSITIVE’ TRADE IMBALANCE BETWEEN THE US AND CHINA MAY HAVE WRONG VIEW AND UNDERSTANDING THAT IS THE WAY TO HELL OR THE ANIMAL WOMB. IT IS THE US ABUSING ITS UNFAIR RIGHT OF PRINTING THE CURRENCY OF SETTLEMENT THAT IS THE CAUSE.

Can Malaysia rake up high deficits?

Greed and covetousness knows little restraint and given a chance (that is, grabbed as much as you can free of charge) Malaysia can and will build a massive trade deficit.

But Malaysia’s appetite for imports is constrained by how much USD its exports can earn and it must live within that limit even if it covets very much.

If Malaysia’s imports in value exceed its exports it must borrow and it is unlikely the US or other bodies with spare USD will lent it much or keep doing so and so its lack of USD will determine how much it can import.

If Malaysia is still desirous of imports then it must source goods that it can produce locally even if it is more expensive and poorer quality in order to conserve USD to pay for desirous imports.

NO SUCH CONSTRAINTS APPLY TO THE US WHICH PRINTS ITS OWN CURRENCY OF SETTLEMENT AND SO IF ITS APPETITE FOR IMPORTS FAR OUTSRIPS ITS CAPACITY TO EXPORT, EITHER IT HAS TO GO WITHOUT OR THE TEMPTATION TO CHEAT, TO PRINT MORE CURRENCY IN SETTLEMENT MAY BE TOO GREAT TO RESIST AND CLEARLY THE US HAS CHOSEN THE SECOND OPTION.

THUS AS AN ECONOMIST YOU SHOULD KNOW WHAT YOU ARE TALKING ABOUT AND IF THE US IS FAR MORE TO BLAME, IT IS THE US’S ABUSE OF ITS UNFAIR ADVANTAGE AS ISSUER OF THE CURRENCY OF SETTLEMENT THAT IS THE BLAME RATHER THAN CHINA’S UNDERVALUED CURRENCY, THEN YOU HAVE FALSE PERCEPTION TO THINK SO AND THE DESTINATION FOR THAT IS MAD PERCEPTION.

Doubt is ill will, uncertainty is delusion:

It is doubting or maliciously questioning or refusing to accept what others say or events that have happened that leads to uncertainty, an emotional or confused state of the mind that is false that emotional people perceive in delusion as true or natural when it is false and unnatural.

The Buddha said doubt and uncertainty is one of three lower fetters that led to future woe and he also said it is greed (attraction), hate (repulsion) and delusion that leads to death (and that is not eternal life).

Thus doubting is driven by force or ill will to question or reject and it leads to uncertainty, a false force roiled state of the mind that the person perceives in delusion as real.

Tkl

Karma for blocking road:

If you must take action in terms of having a view or speaking or acting on a subject, then you must either create karma to be experienced as future pain or happiness. A person who has no view, no action on a matter creates no karma for himself.

Thus whoever is responsible for closing the access road in Bandar Utama that causes distress to so many is creating an obstruction and therefore serious karma for himself.

Apparently only a small part of the road belongs to Bandar Utama and whoever is responsible is optionally exercising his right in denying non residents access to that small part of the road that renders roads leading to it defunct.

Residents of Bandar Utama may resent the congestion access creates but as part of a wider community, you must sacrifice for the common good. The developer may think it is his legal right and he is acting to benefit BU residents but it is a SELFISH action, he himself is the developer and it is only his residents he is protecting.

Further although the land technically belongs to BU its acquisition as part of BU may be through unfair or corrupt means and so there is karma too.

THE BU DEVELOPER IS DELUDED IF HE THINKS HIS ACTION IS MERITORIOUS BECAUSE IT IS SELFISH, HE IS ASSOCIATED WITH BANDAR UTAMA AND HIS ACTION IN UPHOLDING HIS LEGAL RIGHT (THAT MAY UNFAIRLY OR CORRUPTING OBTAINED IN ACQUIRING THE LAND) IS BASED ON SELFISH NEEDS TO THE DETRIMENT OF OTHERS.

AS PART OF A WIDER COMMUNITY SOMETIMES YOU MUST SACRIFICE AND EVEN SUFFER FOR THE COMMON GOOD. SINCE THERE IS AN EXISTING VITAL ROAD, THE GENEROUS MAN WILL ALLOW ACCESS.

Reflecting their increasingly mad and intolerant mental states as a result of conditioning selfish ill will driven lifestyles, people are increasingly mad in their actions and this is one example of the cantankerous action of the developer in forcibly closing the road that will incur karma on him far more than he ever dreamt possible in his wildest dream.

There are many who don’t like the action and therefore say it is wrong but they are right not with seeing understanding but with blind force or dislike or anger. Angered they say correctly it is wrong but not for the true reason that I explained I above.

You want to be ruler of the Gods?

According to the Buddha there is such a being called ruler of the Gods (not the Father) and he was himself ruler of the Gods many times.

The difference between gods and humans is that gods can be ruled by reason but humans are ruled by force not reason.

Thus in order to be ruler of gods you must have discernment, seeing things clearly as they are and then you must have great wisdom to arrive at the right judgment or ruling for the occasion.

Thus in the matter of BU unilaterally closing a road because a small portion belongs to it and it has a right to close off that section that effectively renders roads leading to it defunct, it is wrong because for the common good of all who need to use the road, BU should sacrifice its rights which are actually miniscule and the acquisition of that land may not be entirely above board.

IN ORDER TO BE A RULER OF GODS YOU MUST HAVE GREAT CALM THAT WILL ALOW YOU TO SEE THINGS CLEARLY AS THEY ARE AND THUS SEEING CLEARLY AND ENDOWED WITH GREAT CONCENTRATION THAT LEADS TO GREAT WISDOM YOU COME UP WITH THE RIGHT JUDGEMENT FOR THE MATTER.

Tax credits boost US home sales

Sales of previously-owned US homes jumped by 10.1% in October as buyers rushed to take advantage of tax credits.

If you perceive tax credits as the appropriate or correct treatment for the sickness of the economy, you have false perception and logic that will end in sanity.

Whilst they last, tax credits which are subsidies by the public to house buyers will boost demand but once they stop, demand will again collapse. If tax credits are maintained permanently then it is a permanent discount by the government, de facto a price cut in houses with the government footing the bill.

Tax credit is a false and harmful treatment that penalizes savers and encourages people who have no money to spend. It is akin to giving an alcoholic who has run out of alcohol and no money to buy it subsidized alcohol or at a discount. If you think that cures his alcoholism, you are deluded because it is postponing the reckoning that will be likely worse.

BEFORE YOU CAN CORRECTLY TREAT A SICK PATIENT YOU MUST GET A CORRECT DIAGNOSIS AND THEN BASED ON THE DIAGNOSIS THERE MAY OR MAY NOT BE ANY TREATMENT. IF IT IS APPENDIX IT IS AN OPERATION. IF IT IS CANCER THEN EXPECT TERMINAL PAINS.

THE REASON WHY THE ECONOMY COLLAPSED RECENTLY IS BECAUSE OF OVERSPENDING BASED ON HIGHLY IRRESPONSIBLE LENDING AND BORROWING, SAVERS’ MONEY IN BANKS ETC HAVE DISAPPEARED GOBBLED UP BY BIG FISH LIKE HOUSING DEVELOPERS AND MORTGAGEES CANNOT AFFORD TO SERVICE THEIR LOANS. PEOPLE HAVE SPENT THEMSELVES TO THE GROUND AND NOW GOVERNMENTS ALL OVER THE WORLD ARE STEPPING IN TO DESPERATELY SUPPORT SPENDING BY SUPPLYING DISCOUNTS & SUBSIDIES EVEN AS THEY HAVE NO MONEY, BUT BY BORROWING FROM THE FUTURE AND PENALIZING SAVERS.

IN ORDER TO PREVENT FUTURE COLLAPSES, BORROWING MUST BE TIGHTLY SUPERVISED AND RESTRICTED. EVEN THOUGH IT IS PAINFUL, PEOPLE MUST BE WEANED OFF EXCESSIVE SPENDING BECAUSE THE ECONOMY CANNOT AFFORD IT. THE COLLAPSE MUST BE ALLOWED TO WORK ITSELF THROUGH AND THE ROLE OF THE GOVERNMENT IS TO PROVIDE BASIC FOOD AND SHELTER (SOUP KITCHENS AND TENT CITIES) NOT INDISCRIMINATELY STIMULATING THE ECONOMY IN THE NAME OF DESPERATION TO KEEP THE ENGINE FROM STALLING.

Bottling-up anger 'bad for heart'

Men who do not openly express their anger if unfairly treated at work double their risk of a heart attack, researchers say.

Bottling your anger is bad for your heart but to express or ‘ventilate’ your anger too is bad because one day your ventilation may kill you or unable to restrain your ventilation you get into trouble, injury or death.

TO BOTTLE ANGER IS BAD SO IS TO VENTILATE.

SO WHAT IS THERE FOR ONE TO DO?

KILL ALL ANGER. IT IS THE TOTALLY UNNECESSARY HARMFUL REPULSIVE STIRRING OF ONE’S MENTAL FORCE ON AN EVENT OCCURRING THAT IS ANGER AND IT IS THE CONSTANT USE OF FORCE TO STRETCH SYLLABLES, CHANGE SPEED AND LOUDNESS THAT IS THE DYNAMO THAT FEEDS ONE’S ANGER.

DELUDED PEOPLE ADVISE YOU TO VENTILATE YOUR ANGER BECAUSE BOTTLING IS BAD. BUT VENTILATING IS ALSO BAD AND SO THE ONLY WAY OUT THAT ELUDES DELUDED PEOPLE IS TO TRAIN ONESELF NOT TO USE FORCE TO STRETCH SYLLABLES, CHANGE SPEED AND LOUDNESS THAT IS THE AMMUNITION TO STOKE ONE’S ANGER. A MAN FREE OF STYLE HAS NO ANGER AND THUS SHORN OF ANGER, WHENCE ANGER THAT NEEDS BOTTLING OR VENTILATION?

Mad IGP:

‘Does Karpal want us to close at 5?’ says IGP

PETALING JAYA: DAP chairman Karpal Singh’s demand that police stop interrogating witnesses after office hours is tantamount to asking police stations to close at 5pm, said Inspector-General of Police Tan Sri Musa Hassan.

His emotions stirred, he speaking inappropriately without understanding what he said to ridicule Karpal not realizing he is making a fool of himself and committing himself to false perception that what he said is an appropriate reply when it is absurd and therefore controlled madness that will lapse into uncontrollable madness.

JUST BECAUSE KARPAL WANTS THE POLICE TO STOP INTERROGATION OF NON URGENT CORRUPTION CASES DOES NOT MEAN POLICE STATIONS CLOSE AT 5PM AND SO HE IS MAKING A FOOL OF HIMSELF INTERPRETING THE MATTER AS SUCH.

DID KARPAL SAY ALL INTERROGATIONS MUST STOP AT 5PM? DOES STOPPING INTEROGATION AT 5PM CONSTITUTE CLOSING POLICE STATIONS AT 5PM?

Liberalization of financial sector to continue:

This was stated in relation to Najib’s visit to the US. The intention that the public seems to accept is that liberalization will bring economic benefits when it is the opposite.

It is liberalization copied from Reagan’s and Thatcher’s models that brought the world to the edge of financial meltdown. Many politicians are keen to jump on the bandwagon of liberalizations that are opportunities for them and their cronies to grab the lion’s share at the expense of the public. The loosening of rules is the key to everyone for himself, grab as much as you can and it is the cronies and insiders who usually if not always grab the lion’s shares with crumbs trickling to the people.

RATHER THAN LIBERALIZATION IT MAY BE MORE TIGHTENING OF RULES AND STRICTER ENFORCEMENT THAT IS REQUIRED TO SAVE THE WORLD FROM FINANCIAL MELTDOWN AND IT IS WRONG VIEW THAT LIBERALIZATION IS THE PANACEA.

LIBERALIZATION TO CONTINUE IS AN OLD CLICHÉ, A SLOGAN REHASHED AGAIN AND AGAIN BECAUSE IT IS THE MANTRA OF DELUSION THAT IT LEADS TO ECONOMIC UTOPIA WHEN IT LEADS TO HELL. IT IS NOT A SURPRISE REAGAN AND THATCHER ENDED UP DEMENTED BECAUSE THAT IS THE FRUIT OF THEIR ACTIONS.

Société Générale tells clients how to prepare for 'global collapse'

By Ambrose Evans-Pritchard
Published: 6:12PM GMT 18 Nov 2009

Explosion of debt: Japan's public debt could reach as much as 270pc of GDP in the next two years.

In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign (government and people’s) shoulders, creating a fresh set of problems.

Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private. It must be reduced by the hard slog of "deleveraging", for years.

 

"As yet, nobody can say with any certainty whether we have in fact escaped the prospect of a global economic collapse," said the 68-page report.  (The truth may be that it is checkmate)

Under the French bank's "Bear Case" scenario, the dollar would slide further and global equities would retest the March lows. Property prices would tumble again. Oil would fall back to $50 in 2010.

Governments have already shot their fiscal bolts. Even without fresh spending, public debt would explode within two years to 105pc of GDP in the UK, 125pc in the US and the eurozone, and 270pc in Japan. Worldwide state debt would reach $45 trillion, up two-and-a-half times in a decade.

The underlying debt burden is greater than it was after the Second World War, when nominal levels looked similar. Ageing populations will make it harder to erode debt through growth. (Japan and US population is aging with fewer young to produce) "High public debt looks entirely unsustainable in the long run. We have almost reached a point of no return for government debt," it said.

Even if the US savings rate stabilises at 7pc, and all of it is used to pay down debt, it will still take nine years for households to reduce debt/income ratios to the safe levels of the 1980s.

The bank said the current crisis displays "compelling similarities" with Japan during its Lost Decade (or two), with a big difference: Japan was able to stay afloat by exporting into a robust global economy and by letting the yen fall. It is not possible for half the world to pursue this strategy at the same time.

SocGen advises bears to sell the dollar and to "short" cyclical equities such as technology, auto, and travel to avoid being caught in the "inherent deflationary spiral". Emerging markets would not be spared. Paradoxically, they are more leveraged to the US growth than Wall Street itself. Farm commodities would hold up well, led by sugar.

Mr Fermon said junk bonds would lose 31pc of their value in 2010 alone. However, sovereign bonds would "generate turbo-charged returns" mimicking the secular slide in yields seen in Japan as the slump ground on. At one point Japan's 10-year yield dropped to 0.40pc. The Fed would hold down yields by purchasing more bonds. The European Central Bank would do less, for political reasons.