Shinning in the spotlight

Shinning
in the spotlight

WHILE most of us would quiver at the thought of parading down the catwalk in
front of thousands of attentive eyes, there are some who are in their element
when the spotlight shines on them.

What
is said is never the truth except in the eyes of the deluded.

How
many catwalks have spotlights? Jesus spoke of angels shining like the sun and
that is true because angels radiate light, do you see models shining like the
sun or do you want to argue that is not meant literally?

The
truth is ‘excelling on the catwalk’ rather than the fabricated ‘shinning in the
spotlight’ and even that is all about meaningless style because the substance
of the function of a model is to be a vehicle to display clothes, any cavorting
or posturing is about style and show not substance and so what is there to
excel about being a model?

Are
there thousands or more likely hundreds of eyes at fashion shows and are these
eyes all or mostly attentive as bragged? Do you see a spotlight following the
model as is stated?

If
none of these actually occur, it is a fabrication of the writer and he is
speaking falsely to impress.

Goldman Sachs May Be At Heart Of Crisis:

There
was an article in BBC I glimpsed today that said derivatives and bankers may
not be to blame for the near financial meltdown but it may be deluded or
vested.

Goldman
Sach’s actions in the past and recently may be at the heart of the financial
crisis or meltdown which may have been delayed than averted. They may have
bankrupted the system by their evil deeds.

 

Goldman's offshore deals deepened global financial crisis

December 31, 2009 - 10:01AM

When financial titan Goldman Sachs joined some of its Wall Street rivals in
late 2005 in secretly packaging a new breed of offshore securities, it gave
prospective investors little hint that many of the deals were so risky that
they could end up losing hundreds of millions of dollars on them.

McClatchy Newspapers has obtained previously undisclosed documents that
provide a closer look at the shadowy $US1.3 trillion ($A1.46 trillion) market
since 2002 for complex offshore deals, which Chicago financial consultant and
frequent Goldman critic Janet Tavakoli said at times met "every definition
of a Ponzi scheme".

The documents include the offering circulars for 40 of Goldman's estimated
148 deals in the Cayman Islands over a seven-year period, including a dozen of
its more exotic transactions tied to mortgages and consumer loans that it
marketed in 2006 and 2007, at the crest of the booming market for subprime
mortgages to marginally qualified borrowers.

In some of these transactions, investors not only bought shaky securities
backed by residential mortgages but also took on the role of insurers by
agreeing to pay Goldman and others massive sums if risky home loans nose-dived
in value - as Goldman was effectively betting they would.

Some of the investors, including foreign banks and even Wall Street giant
Merrill Lynch, may have been comforted by the high grades Wall Street ratings
agencies had assigned to many of the securities. However, some of the buyers
apparently agreed to insure Goldman well after the performance of many offshore
deals weakened significantly beginning in June 2006.

Goldman said those investors were fully informed of the risks they were
taking.

These Cayman Islands deals, which Goldman assembled through the British
territory in the Caribbean, a haven from US taxes and regulation, became key
links in a chain of exotic insurance-like bets called credit-default swaps that
worsened the global economic collapse by enabling major financial institutions
to take bigger and bigger risks without counting them on their balance sheets.

The full cost of the deals, some of which could still blow up on investors,
may never be known.

Before the subprime crisis, the US financial system had used securities for
40 years to generate $US12 trillion ($A13.44 trillion) to help Americans
finance their houses, cars and college educations, said Gary Kopff, a financial
services consultant and the president of Everest Management Inc. in Washington.
The offshore deals, he lamented, "became the biggest contributors to the
trillions of dollars of losses" in 2008's global meltdown.

While Goldman wasn't alone in the offshore deal making, it was the only big
Wall Street investment bank to exit the subprime mortgage market safely, and it
played a pivotal role, hedging its bets earlier and with more parties than any
of its rivals did.

McClatchy reported on Noveber 1 that in 2006 and 2007, Goldman peddled more
than $US40 billion ($A44.8 billion) in US-registered securities backed by at
least 200,000 risky home mortgages, but never told the buyers it was secretly
betting that a sharp drop in US housing prices would send the value of those
securities plummeting. Many of those bets were made in the Caymans deals.

At the time, Goldman's chief spokesman, Lucas van Praag, dismissed as
"untrue" any suggestion that the firm had misled the pension funds,
insurers, foreign banks and other investors that bought those bonds. Two weeks
later, however, Chairman and Chief Executive Lloyd Blankfein publicly
apologised - without elaborating - for Goldman's role in the subprime debacle.

Goldman's wagers against mortgage securities similar to those it was selling
to its clients are now the subject of an inquiry by the Securities and Exchange
Commission, according to two people familiar with the matter who declined to be
identified because of its sensitivity. Spokesmen for Goldman and the SEC
declined to comment on the inquiry.

Goldman's defenders argue that the legendary firm's relatively unscathed
escape from the housing collapse is further evidence that it's smarter and
quicker than its competitors. Its critics, however, say that the firm's
behavior in recent years shows that it has slipped its ethical moorings; that
Wall Street has degenerated into a casino in which the house constantly invents
new games to ensure that its profits keep growing; and that it's high time for
tougher federal regulations.

In 2006 and 2007, as the housing market peaked, Goldman underwrote $US51
billion ($A57.12 billion) of deals in what mushroomed into an under-the-radar,
$US500 billion ($A559.97 billion) offshore frenzy, according to data from the
financial services firm Dealogic.

At least 31 Goldman deals in that period involved mortgages and other
consumer loans and are still sheltered by the Caymans' opaque regulatory
apparatus.

Tavakoli, an expert in these types of securities, said it's time to start
discussing "massive fraud in the financial markets" that she said stemmed
from these offshore deals.

"I'm talking about hundreds of billions of dollars in
securitisations," she said, without singling out Goldman or any other
dealer. "... We nearly destroyed the global financial markets."

Why property is a killer:

To
have a roof over their heads that they can call theirs is a major concern for
most people and when they see prices soaring and soaring they may be driven by
anxiety and greed to take a risk and put pen to paper on a house for themselves
without realizing the enormous final cost way above the list price.

I
used a website to calculate that for a house costing $500,000 with $50,000 payment, a 30 year mortgage at 7%
interest rate, taking into account taxes and insurance payments would come to a
final cost of $1.35 million probably more
considering the interest your down payment may earn in the bank.

Very
few people are aware of the actual price they will pay and even in the best of
times if they do not become unemployed, monthly payments will be a significant
burden on their finances.

In
all this, the developers collect the money as soon as papers are signed and if
their costs are quite low, it is easy ‘fabulous’ money.

THE
TRUTH IS THAT THE WORLD CAN AFFORD TO BUILD THE MASSIVE PROPERTY DEVELOPMENTS
ALL OVER THE WORLD BECAUSE THE COST ESPECIALLY USING CHEAP LABOR IS AFFORDABLE
BUT THE WORLD CANNOT AFFORD TO LIVE OR BUY THOSE PROPERTIES BECAUSE THE PRICE
TAG INCLUDING INTEREST AND TAX PAYMENTS ARE FAR TOO HIGH.

THEREFORE
THE MAN WITH TRUE LOGIC WILL UNDERSTAND THAT THE WORLD HAS COMMITTED ITSELF TO
A BIG MESS, ALL THESE MASSIVE WORLD WIDE PROPERTIES AT LOW COST HAVE BEEN BUILT
AND NOW THE PEOPLE CANNOT AFFORD TO BUY THEM, IT IS FAR TOO EXPENSIVE, THEY
HAVE NOT PAID FOR THOSE PROPERTIES, ONLY INITIAL INSTALMENTS AND NOW THEY
REALIZE THEY HAVE PUT A NOOSE AROUND THEIR NECKS RATHER THAN PURCHASE A
BEAUTIFUL HOUSE WORTH THAT PRICE THEY PAID WHICH IS ONLY A FRACTION OF THE
FINAL PRICE THEY WILL PAY AFTER MORTGAGE, INSURANCE AND TAXES.

In
this equation entered Goldman Sachs whose ‘financial boffins’ engineered
various financial instruments called derivatives which will allow them to lend
recklessly whilst outsourcing the risks to unsuspecting others, providing much
further fuel to the market than otherwise would have been. It seems there are
Goldman Sachs derivatives of significant values still hidden in offshore havens
like Cayman Islands that may explode causing further financial turmoil. The
recent collapse was only arrested by government furiously printing money to
cover deficits and this too may be just buying time for a cancer patient.

SHARES
TOO ARE A KILLER BUT SHARES ARE NOT AS ESSENTIAL TO THE AVERAGE PERSON AS
PROPERTY AND SHARES DON’T COME WITH MORTGAGE PAYMENTS THAT AMPLIFY THE FINAL
COST TO THE BUYER.

FURTHER
PROPERTY IS A BIG TICKET ITEM COMPARED WITH SHARES AND IT SOAKS OUT A LOT OF
SAVINGS IN THE SYSTEM HELD IN BANKS AND PROVIDENT FUNDS ONCE IT HAS BEEN LENT
TO FINANCE PROPERTY PURCHASES SO THAT WITH TIME THE AMOUNT OF MONEY OR CREDIT
IN THE SYSTEM DROPS TO CRITICAL LEVELS. DEVELOPERS WHO REAPED THE FABULOUS
WEALTH ARE LESS LIKELY TO KEEP THEIR MONEY IN THE SYSTEM BUT THEY WILL INVEST
IN HEDGE FUNDS THAT GO AROUND THE WORLD LIKE PIRATES SEEKING FOR WAYS TO
PLUNDER LIKE SHORTSELLING CURRENCIES, COMMODITIES AND SHARES.

AS
THE CHINESE SAY, THE RICE HAS BEEN COOKED (ATROCIOUSLY), NOW YOU MUST EAT IT
WHETHER YOU LIKE IT OR NOT. THUS IT MAY ALREADY BE FINANCIAL AND ECONOMIC
CHECKMATE FOR THE WORLD.

Can afford to build but not buy:

The
world can afford to build all the massive property developments you see
everywhere because the costs of building are quite low and borrowing by
developers allows them to build them.

But
the world in truth cannot afford to buy and live and work in those properties
because the final prices of those properties are far too high, above the
affordability of the world ‘by a mile’ and so the world is now faced with the
unpalatable truth of a mountain of property built that cannot be digested, paid
for by consumers.

A recipe for mayhem or total collapse:

Those
greedy property developers and bank managers are not content with the millions
or billions they reaped without regard for the welfare of others and the
system, they want to mobilize their ill gotten gains to make money without work
by entrusting hedge funds to maraud the world seeking quick massive returns (at
the expense of the system).

All
these filthily rich developers, speculators and bankers are not content to
leave their money in banks but they invest in hedge funds to make even more.

These
hedge funds like Soros borrow money to short the pound making billions at the
expense of British people as a result of devaluation, they buy up and
monopolize commodities like oil pushing up oil prices to stratospheric levels
threatening the economy, they short sell stocks like VW to drive prices down to
profit, they indulge in leveraged buyouts (borrow money on behalf of the
companies they buyout, strip out healthy portions and then sell the sanitized
remainder to unsuspecting investors).

THUS
WHAT ESSENTIALLY HAPPENED IN RECENT YEARS MAY BE THAT SAVINGS IN BANKS AND
PENSION FUNDS HAVE BEEN WICKEDLY MOBILISED TO FINANCE SHARE, CREDIT CARD AND
PROPERTY INVESTMENTS SUCH THAT THE SYSTEM IS NOW SERIOUSLY DEPLETED OF CREDIT,
THE MONEY LENT HAS BEEN POCKETED BY THE BIG FISHES WHO ARE NOT CONTENT TO LEAVE
THEIR MONEY IN BANKS BUT ENTRUST HEDGE FUNDS TO MAKE MORE FOR THEM AND THESE
HEDGE FUNDS ARE LIKE PIRATES GOING AROUND THE WORLD SLASHING AND BURNING TO
MAKE MONEY AT THE EXPENSE OF THE SYSTEM SUCH THAT THE SYSTEM IS NOW TOTERING ON
COLLAPSE.

IS
WHAT I SAY POSSIBLY THE EXPLANATION FOR THE WORLD’S PROBLEMS? HUMANS ARE
INTERESTED IN MONEY MATTERS, HOW COME THEY DON’T EVEN UNDERSTAND MATTERS DEAR
TO THE HEART, MONEY? IF THEY UNDERSTOOD MONEY THEY WOULD NOT HAVE ALLOWED THIS
TO COME TO PASS.

Pleasure is a product of force:

Pleasure
is a product of force, without force there can be no pleasure.

If
there is such a thing called pleasure, it can be clearly defined as such and
such.

If
you are regularly seeking pleasure (and avoiding pain), experiencing pleasure
and you do not know the nature of the pleasure you seek and experience, aren’t
you a fool who does not know what he seeks and experiences?

It
is mild force, be it physical (touch, breeze), chemical (chemical reaction of
food and odours or scents with your sensors), radiant or heat (warmth of
sunlight, coolness or mild force of reduced heat in air conditioning) that is
the source of pleasure.

Pleasure
can be virtual or physical. Certain thoughts can give pleasure to perverted
beings eg the pleasure of inflicting suffering on others, seeing others suffer
or sexual fantasies. In these virtual cases, the thoughts generate mild force
fluctuations in their mental forces that is experienced as pleasure.

The
pleasure of a light or woman’s touch is due to the light force imparted by the
touch. The pleasure of a mild breeze is due to the light force of the air
molecules impinging on your skin.

The
pleasure of tasty food is due to the chemical reactions releasing mild force
that is experienced as pleasure, similarly certain smells are pleasurable
because of the chemical or mild force reactions of those molecules with your
smell receptors.

The
pleasure of the warmth of clothes or a radiator on a wintry day is due to the
mild force imparted as heat to your body.

THUS
IT IS THE CONTACT WITH MILD FORCE, BE IT PHYSICAL, CHEMICAL OR RADIANT OR
VIRTUALLY GENERATED BY THE MIND THAT IS EXPERIENCED AS PLEASURE BUT IN
PERVERTED CASES, QUITE INTENSE FORCE IS EXPERIENCED MASOCHISTICALLY AS PLEASURE.

WITHOUT
MILD FORCE THERE CAN BE NO PLEASURE.

AND
SO IF YOU DESIRE AND SEEK PLEASURE YOU SEEK FORCE. IF YOU SEEK FORCE YOU MUST
EXIST IN A WORLD WHERE THERE IS FORCE AND WHERE THERE IS FORCE THERE IS PAIN
AND SO IF YOU MUST HAVE PLEASURE YOU MUST HAVE PAIN.

IF
FORCE EXPERIENCED IS TOO MILD, THE PLEASURE CEASES TO EXIST, IF IT IS TOO
STRONG IT BECOMES PAIN AND SO THE SCOPE FOR EXPERIENCING PLEASURE IS LIMITED OR
SHALLOW.

IN
CONTRAST THE SCOPE FOR PAIN IS ALMOST LIMITLESS. DEPENDING ON HOW INTENSE OR
FOCUSSED THE FORCE (DRILLING TOOTH ACHE), PAIN CAN RISE TO INTENSE LEVELS THAT
WILL REDUCE THE TOUGHEST GOAT TO TEARS.

THUS
THE WISE PERSON SEEING THE LURKING DANGER OF INTENSE PAIN AND SUFFERING AND THE
SHALLOW NATURE OF PLEASURE THAT HAS NO SATISFACTION AS TAUGHT BY THE BUDDHA
(PLEASURE IS ABOUT BLIND MEANINGLESS FORCE, ALL PLEASURES LEAVE AN AFTERTASTE
OF STRESS) WILL KILL HIS THIRST FOR PLEASURE AND DEPART FOR A WORLD WITHOUT
FORCE OF NEITHER PAIN NOR PLEASURE WHEREIN BEINGS ENJOY A LIFESPAN OF AT LEAST
500 ETERNITIES TO A MAXIMUM OF 60,000 ETERNITIES.

The pleasure of style:

The
purpose of style or using force to stretch syllables, change speed and loudness
is to impress, please, intimidate and dominate others.

In
addition style gives pleasure to the person and some recipients because it is
about force changing and acting that if mild can give pleasure to the person
and the listener.

It
is not truth but a reflection of your delusion that if style gives pleasure to
the person and others, it must be good because there is nothing good about
pleasure, which is about mild force impacting and whatever that is force is
blind, meaningless and ends in stress, restlessness and distraction.

PART
OF THE ALLURE OF STYLE IS THAT IT SOMETIMES GIVES PLEASURE TO THE STYLISH PERSON
AND IMPARTS PLEASURE ON SOME RECIPIENTS BY ITS VERY NATURE OF USING FORCE BUT
IT IS A PERVERSION TO THINK THAT IF STYLE GIVES PLEASURE IT IS GOOD BECAUSE
PLEASURE IS ABOUT MEANINGLESS BLIND FORCE THAT DOES NOT LAST AND FORCE ALWAYS
LEAVES THE AFTERTASTE OF STRESS, RESTLESSNESS AND DISTRACTION.

WHEN
I SPEAK OF ‘THE PLEASURE OF STYLE’, REFLECTING THE FALSE PERCEPTION OF
EMOTIONAL PEOPLE THEY THINK IT IS GOOD, IF STYLE GIVES PLEASURE, ‘WOW’ THAT IS
GREAT BUT THEY ARE PERVERTS BECAUSE PLEASURE LEADS TO PAIN AND PLEASURE IS BAD.

TKL

Style can also cause pain:

Just
as there are two sides of the coin, just as the mild force changes can bring
pleasure to the stylish person absorbed in his own ‘charming’ style, style can
at times generate pain if the force changes are too intense, his way of
speaking too heated.

Why a heavenly lifespan of 500 eons for attaining neither pain nor
pleasure?

Why
is it that those who attain serenity and purity of mind attain one eon, no
thinking two eons, neither like nor dislike 4 eons whilst those who attain
neither pain nor pleasure attain 500 to even 60,000 eons in heaven?

The
answer may be the exposure to corrosive force that shortens life spans. Gods
who attain neither like nor dislike still experience pain and pleasure which
necessitate exposure to force that limit their life spans whereas those gods
who have attained neither pain nor pleasure have separated themselves from
exposure to force and it may be this absence of exposure to force that gives
them such great longevity compared to the lower echelons of heaven.

The dangerous multiplier illusion of wealth due to credit:

Even
in matters dear to their hearts, money, mankind even those touted as experts do
not understand, what more they should understand those things that are not dear
to their hearts. And there are many things emotional people close their eyes
to, refuse to see.

What
is the dangerous multiplier illusion of wealth in the system that credit
creates that financial authorities should understand and take measures to stave
off certain even system threatening disaster?

The
illusion is that savers’ money that has been lent out is still there when it
isn’t. For instance, you have $100,000 deposited in banks earning interest but
that money is no longer there but loaned out to finance credit card, houses or
whatever purchases and now that money is in the pockets of say the developer
who sold the house, no longer you the saver. You will get your money back only
if the borrower successfully finally repay the loan he took or borrowed your
money.

In
the same way, the developer who now possesses your money may have stashed it in
a bank earning interest and it too may have been lent out so that he no longer
possesses the money but the money is now in the hands of another person who sold
goods to the borrower who borrowed the developer’s money.

THUS
THE MONEY YOU SAVED IN THE BANK IS NO LONGER THERE BUT LENT OUT AND NOW OWNED
BY THE DEVELOPER WHO SOLD THE BORROWER OF YOUR MONEY A HOUSE. YOUR MONEY WILL
ONLY RETURN TO YOU IF AND WHEN THIS BORROWER SUCCESSFULLY REPAYS HIS LOAN. THAT
SAME MONEY YOU HAD NOW BELONGS TO THE DEVELOPER AND HE TOO MAY HAVE DEPOSITED
IT IN BANKS TO BE LENT OUT AGAIN SO THAT THE MONEY IS NO LONGER IN HIS HANDS.

YOU
CAN IMAGINE A NUMBER OF CYCLES OF LENDING USING THE SAME MONEY THAT ORIGINALLY
BELONGED TO YOU. THIS IS A FORM OF LEVERAGE THAT CAN EXTEND TO MANY MULTIPLES
SO THAT THE SYSTEM APPEARS TO BE MUCH MORE WEALTHIER THAN IT ACTUALLY IS. ALL
WILL BE FINE (NEVER PERMANENTLY BUT SO LONG AS THE SYSTEM CAN SUSTAIN IT) PROVIDED
THERE IS SUFFICIENT LIQUIDITY IN THE SYSTEM, EG THE BANK CAN FIND MONEY FROM
FRESH MONEY FROM NEW DEPOSITORS TO RETURN THE MONEY YOU DEPOSITED SHOULD YOU
WANT IT (OR THE CENTRAL BANK AGREES TO INTERVENE AND PRINT NEW MONEY TO REPLACE
THE ONE YOU OWNED BUT HAS BEEN LENT OUT).

THE
SYSTEM OF PAYING DEPOSITORS INTEREST AND LENDING THE MONEY OUT TO MAKE MONEY IS
INTRINSICALLY UNSUSTAINABLE ENDING IN DISASTER BECAUSE SOONER OR LATER IT WILL
RUN OUT OF STEAM. FURTHER LENDING CREATES AN ILLUSION OF WEALTH IN THE SYSTEM
THAT MAY BE MANY TIMES ITS ACTUAL WEALTH BECAUSE SAVERS’ MONEY ARE NO LONGER
THERE BUT ACCEPTED AS STILL THERE, THE SAVER THINKS HE HAS THE MONEY, BUT THE
DEVELOPER WHO RECEIVED YOUR MONEY NOW OWNS IT AND PENDING SUCCESSFUL REPAYMENT
BY THE HOUSE BUYER, YOUR MONEY IS GONE. IN THE SAME WAY, THE DEVELOPER’S MONEY
IF DEPOSITED IN BANKS MAY NO LONGER BE THERE BUT SIMILARLY LENT OUT AND IN THE
HANDS OF A THIRD PARTY AND THIS CAN BE REPEATED MANY TIMES SO THAT THE SAME
$100,000 YOU DEPOSITED IN THE BANK HAS CHANGED HANDS MANY TIMES AND MANY PEOPLE
INCLUDING YOU THINK YOU STILL HAVE THAT SAME $100,000 WHEN IT IS ONLY IN THE
HANDS OF THE LAST PERSON WHO RECEIVED IT.

YOU
MIGHT SEE THIS CREATES THE ILLUSION OF WEALTH IN THE SYSTEM FAR GREATER THAN IT
ACTUALLY IS AND ILLUSIONS NEVER LAST FOREVER, IF THERE IS A VERY BIG POOL OF
WEALTH THIS ILUUSION CAN BE SUSTAINED LONGER BUT SOONER OR LATER IT WILL
COLLAPSE WITH DISASTER THE OUTCOME FOR ALL THOSE IN THE SYSTEM.

THUS
IF I AM CORRECT, THE WORLD IS FACED WITH CERTAIN FINANCIAL CALAMITY THAT IS THE
FRUIT OF ITS OWN FOLLY AND LACK OF UNDERSTANDING OF FINANCIAL MATTERS. HERE AS
EVERYWHERE, EMOTIONAL PEOPLE THINK THEY UNDERSTAND BUT THEY UNDERSTAND FALSELY
AND DON’T UNDERSTAND.

The proper role of credit:

Credit
should be closely regulated and restricted to a small fraction of the available
savings in the system.

In
recent years people have been allowed to roll over their credit card debts,
opening new cards to refinance the debts on old cards and housing loans have
been given to people who have no means to support their borrowing (so called
NINJA loans, no income, no jobs or assets is an example) and derivatives
outsourcing risks to unsuspecting others are signs not just of abuse but crass
abuses reaching system threatening proportions.

UNLESS
YOU BELIEVE IN MAGIC OR MIRACLES, MANKIND MAY HAVE BEEN LIVING MANY TIMES ABOVE
ITS MEANS, IN THE PROCESS PLUNDERING THE EARTH TO THE BRINK OF COLLAPSE AND
BANKRUPTING THE SYSTEM, THE PROGNOSIS IS GRIM, LIKE TERMINAL CANCER RATHER THAN
A V-SHAPED RECOVERY.

IF
YOU ARE NOT SURE ABOUT THE OUTCOME, YOU THINK MAYBE MANKIND’S INGENUITY WILL
WIN THE DAY, THERE IS NOTHING INSURMOUNTABLE BY MAN, YOU MAY BE DELUDED.
MANKIND HAS CONSIGNED TO THE FINANCIAL RUBBISH HEAP.

No wonder the economy was so hot:

It
is because savers’ money has been lent many times over but borrowers (aided by
a booming economy) have been servicing their loans in sufficient level to keep
the extreme leverage or over gearing going that the world economy has been chugging
along quite fine apart from occasional hiccups like the 1997 East Asian crisis
which was taken in its stride (without corrective actions except in their
delusion there were).

It
is an illusion that your money deposited in banks is sitting pretty there
earning handsome interest because it has been lent out and will not return
until the borrower has repaid with interest. The illusion is fostered by the
ability of the bank to return your money on demand but this is only by
mobilising the deposit of a fresh depositor to repay you.

YOU
ARE SATISFIED YOUR MONEY IN BANKS IS SAFE, SITTING PRETTY EARNING HANDSOME
PROFITS BUT WHEN YOU WITHDRAW, IT IS NOT THE SAME MONEY YOU PUT IN BUT THE
MONEY RETURNED IS BORROWED FROM ANOTHER SAVER WHO IS NOW AT RISK OF DEFAULT SHOULD
THE BORROWER DEFAULT. ALL MAY BE FINE FOR MANY CYCLES OF DEPOSIT AND WITHDRAWAL
BY SAVERS BUT IF BANKS ARE NOT PROPERLY REGULATED THEY MAY RUN OUT OF MONEY TO
RETURN TO DEPOSITORS ESPECIALLY IF THEY LENT TOO MUCH RECKLESSLY TO POOR CREDIT
RISKS. ACTUALLY A LOT OF WHAT IS ACCEPTED BY INDUSTRY AS GOOD CREDIT RISK ARE
IN TRUTH POOR EVEN DANGEROUS CREDIT RISKS.

Purity of mind and opened are the gates to the deathless:

The
Buddha described to fourth and final meditative state of mind that gives the
being a lifespan of at least 500 eons as purity of mind, total equanimity,
neither pain nor pleasure.

Only
those who have attained the fourth state of mind, neither pain nor pleasure
have a pure mind and it is the absence of force in that mind that makes it pure
and it is the presence of force in whatever residue that renders it impure.

Because
pleasure and pain are products of force, any mind that entertains pain and
pleasure are still impure compared to a mind that is without pain and pleasure,
which requires a total absence of force in that mind.

When
the Buddha agreed to teach the world on the request of a brahma, he said, ‘open
are the gates of the deathless’ which means to say that the world of the
deathless is normally closed (by a gate that can be opened) to beings trapped
here who do not know it exists and before the Buddha the gates are closed such
that beings here are totally ignorant of the possibility of the blissful escape
from death and suffering.

IN
THE SAME WAY, ALTHOUGH THE GATES TO THE DEATHLESS HAD BEEN OPENED BY THE
BUDDHA, IT IS NEAR IMPOSSIBLE FOR BEINGS TO ATTAIN IT BEFORE THE CONSCIOUSNESS
CONSTRAINTS WERE REMOVED AFTER 1977 (BY MY ACTIONS) AND WITHOUT MY
CLARIFICATIONS OF WHAT THE BUDDHA TAUGHT, IT IS IMPOSSIBLE FOR EMOTIONAL PEOPLE
TO UNDERSTAND TRULY WHAT HE ACTUALLY SAID.

WITHOUT
THE CONSCIOUSNESS CHANGES AFTER 1977 AND MY INTEPRETATIONS OF WHAT THE BUDDHA
TAUGHT, IT IS NEAR IMPOSSIBLE IF NOT IMPOSSIBLE FOR PEOPLE TO ACCESS THE GATES
TO THE DEATHLESS EVEN THOUGH IT WAS OPENED BY THE BUDDHA. THE BUDDHA SAID
ENLIGHTENED ONES AND THE PERSON WHO PREACHES FROM THE TEACHINGS AND DISCIPLINES
SET BY HIM IS RARE. NO ONE PREACHED WHAT THE BUDDHA TAUGHT LIKE ME AND SO I AM
RARE AS THE BUDDHA SAID.

Banking system one giant Ponzi scheme:

This
is a world where beings can see others’ shit but they cannot see their own
shit.

They
can recognize (belatedly) that Madoff was running a Ponzi scheme in which he
promised fabulous returns to investors and kept the scheme going for so long by
mobilizing fresh depositors to repay old depositors who decided to quit. But
they cannot recognize that although not quite as extravagant in promised
rewards as Madoff, the banks are operating a similar Ponzi scheme in which they
use fresh depositors’ money to repay older depositors who want to quit.

EXCEPT
THE PROMISED REWARDS ARE MUCH LESS EXTRAVAGANT THAN MADOFF’S PROMISES, THE
BANKS ARE ESSENTIALLY OPERATING A LEGALLY SANCTIONED PONZI SCHEME WHEREIN MONEY
FROM FRESH DEPOSITORS ARE USED TO PAY OFF OLD DEPOSITORS WHO WANT TO QUIT AND
LIKE MADOFF’S SCHEME THAT MUST EVENTUALLY UNRAVEL, THE BANKS’ PONZI SCHEME TOO
MUST ONE DAY UNRAVEL AND IT MAY BE NOW OR SOON.

Has justice been served?

It
does not matter what the subject or topic is but this is a false nice question
driven by force or emotion never true understanding.

If
you think the person may have a valid or true reason to ask the question you
understand falsely or do not understand.

Whether
justice has been served in a matter is objective, can be known objectively as
‘yes’ or ‘no’, it is not for anyone to say ‘yes’ and it is right or say ‘no’
and it is equally right.

WHETHER
JUSTICE HAS BEEN SERVED IN A PARTICULAR INSTANCE IS NOT NEGOTIABLE, IT IS
EITHER YES OR NO, NOT BOTH YES OR NO OR UP TO THE INDIVIDUAL’S OPINION.

THUS
IF YOU KNOW THAT JUSTICE HAS NOT BEEN SERVED YOU ARE INSINCERE AND ASKING A
PRETENTIOUS QUESTION FOR OTHERS TO ANSWER WHEN YOU ALREADY KNOW WHAT THE ANSWER
IS.

IF
YOU DO NOT KNOW THE ANSWER WHAT MAKES YOU SO SURE OTHERS KNOW THE ANSWER?

IT
IS OBJECTIVE, CANNOT BE DENIED WHETHER YOU ARE TRULY INTERESTED IN OTHERS
TELLING YOU THE ANSWER OR YOU ARE NOT INTERESTED, YOU JUST WANT TO POSE THE
QUESTION TO DRAW OTHERS TO DISCUSS NOT WITHOUT REASON BUT TO MAKE YOUR
NEWSPAPER COLUMN MORE POPULAR AND INCITE EMOTION AND PARTISAN SHIP OVER THE
TOPIC, YOU WANT TO STIR PEOPLE UP BY DISCUSSING THE TOPIC AND GIVE THEIR
OPPOSING OPINIONS OR YOU ARE A DEVIL’S ADVOCATE.

It
is unlikely he wants you to tell him the answer whether justice has been
served. He is likely to have his own deluded view on that. His intention is to
incite you to get involved, to set your opinion against others who differ and
if this is so, it is devious, not saying what he means and trying to incite
others.

THE
QUESTION INCURS DEADLY KARMA ON THE PERSON, HE IS TRYING TO STIR OTHERS TO TAKE
INTEREST AND SHOW PARTISANSHIP AND THAT IS KARMA.

Asking question can be rehashed:

Asking
others questions or posing questions can be addictive and becomes a robotic
plan in which the person becomes its helpless slave.

If
you are observant you may realize some people have a habit of asking questions,
of posing questions to others about this and that and it is conditioned or he
is a robot.

Each
time you force yourself to ask others questions to impress others that you so
knowledgeable or smart, you are conditioning yourself to do so such that it
becomes an irresistible urge or the program to ask questions keep activating
itself and that is torment, never a pleasure.

EVERY
QUESTION REQUIRES AN ANSWER AND YOU ARE TROUBLING OTHERS WITH KARMA ATTACHED.
HENCE THE WISE PERSON WILL ONLY POSE QUESTIONS THAT ARE ESSENTIAL OR FOR THE
BENEFIT OF THE OTHER PERSON.

Routines are rehashed programs:

There
is such a thing called routines and they call be refined as such and such. All
routines are formal or unwritten programs that the person follows in which he
is just a robot following approximately or precisely to the dot that routine.
Even if it is approximate, you are still a robot of that routine.

People
may not even be aware they follow unwritten routines eg Mon to Fri wake at 8
am, brush teeth, eat breakfast and read newspaper, 8.30am leave house by same
route to work, work from 9 to 1 pm then lunch etc. Even their free days
Saturdays and Sundays follow routines.

THE
VAST MAJORITY IF NOT THE ENTIRETY OF HUMANITY FROM LOWLY LABORER TO KING OR
POPE FOLLOW ROUTINES THAT ARE ALMOST INFLEXIBLE AND NO MATTER WHAT YOU SAY,
ROUTINES ARE ABOUT REHASHING ACCORDING TO THOSE ROUTINES IN WHICH YOU ARE A
ROBOT OF THAT ROUTINE.

NOT
ONLY IS THEIR LIVES, WHAT AND HOW THEY PERCEIVE (SEE, HEAR), THINK, SPEAK AND
DO ABOUT REHASHING FROM THEIR MENTAL JUKEBOXES, EVEN THEIR DAILY LIVES ARE
ABOUT ROUTINES AND THUS REHASHING ACCORDING TO PLANS.

And
what is the meaning of their daily live? It is never about substance or meaning
but emotional gratifications.

Suppose
you are a doctor and you turn up at work following your routines and you make
decisions about what to do with various patients that may be good or bad. Those
decisions are never according to true understanding but according to plans or
programs from which he can choose and if he chooses a program that is correct,
he may be thrilled or satisfied, his consultant praises him and this is about
emotional gratification not substance or meaning. If he does something wrong,
even kills a patient, he may be down hearted, hurt and sad, his consultant may
scold him and here again it is about emotional gratification not reason.

AS
A DOCTOR IN THE COURSE OF A DAY’S ROUTINE, A PERSON MAY MAKE DECISIONS THAT
AFFECT PATIENTS, THOSE DECISIONS ARE LIKELY IF NOT CERTAINLY NOT GUIDED BY
GENUINE UNDERSTANDING OF A PARTICULAR SITUATION BUT REHASHED RULES APPLIED TO
THAT SITUATION AND SO IT IS NOT A CASE OF MEANING BUT MINDLESS IMPERSONAL
REHASH ATTENDED BY EMOTION (EG HE IS SUCH A SMART DOCTOR TO ORDER THIS AND THAT
INVESTIGATION WHEN IT ALL REHASHING ACCORDING TO RULES OR PROTOCOLS OF WHAT TO
DO)

THUS
YOU MAY THINK YOUR DAILY LIFE IS FULL OF MEANING BUT YOU ARE DELUDED BECAUSE
YOUR DAILY LIFE IS FULL OF ROUTINES IN WHICH YOU ARE A MINDLESS ROBOT FOLLOWING
THOSE ROUTINES PRECISELY OR APPROXIMATELY AND FURTHER WHATEVER YOU PERCEIVE,
THINK, SAY OR DO IS REHASHED IN WHICH YOU ARE AGAIN A SLAVE THAN MASTER.

The cartoonist’s karma:

Even
if Islam is a false religion, to attack it verbally or physically is sin.

To
attack it in a way as if it is funny or fun or pleasurable is to compound the
sin with increased punishment due.

You
and he thinks nothing wrong, thinks it is ‘good clean fun’ but you may have
wrong understanding here as everywhere else.

THE
CARTOONIST WHO POKED FUN AT ISLAM HAS TWO KARMA, ATTACKING ISLAM AND ENJOYING
OR PERCEIVING IT AS FUNNY OR FUN FULL TO DO SO.

YOU
MAY DISAGREE WITH WHAT I SAY BUT IF I AM RIGHT YOU HAVE WRONG VIEW THAT THE
BUDDHA SAID HAS TWO DESTINATIONS, HELL OR THE ANIMAL WOMB.

Strategies:
What the Past Can’t Tell Investors

The
fool thinks he is wise or great because he has strategies of how to invest or
deal with things that happen.

In
truth he is a slave of the strategy once formulated, he must follow his
strategy and even if he modified his strategy, after each modification he is
again a slave of that modified strategy.

A
person who has strategies is like the spider spinning a web in which he is
trapped inside the web rather than the wise free man he thinks.

THE
WISE PERSON HAS NO STRATEGIES, HE HAS GIVEN UP THIS WORLD AND SO WHATEVER
CONFRONTS HIM, HE UNDERSTANDS FULLY WHAT ARE THE ESSENCES OF THE SITUATION AND
THUS UNDERSTANDING HE TAKES SPECIFIC TO THE OCCASION ACTIONS. IF YOU THINK THIS
IS A STRATEGY YOU MAY BE RIGHT OR DELUDED.

The evils of asset price inflation:

The
only real gainer from soaring property price appreciations is the developer or
speculator who sells. Those who own property are only paper gainers and if they
cashed in by borrowing on the raised value of their houses (as many in America
did), they are foolishly putting a noose on their necks.

Whilst
you foolishly congratulate yourself on how much your house is now worth if you
sold it (but you cannot because you will have nowhere to stay afterwards), the
knock on costs of soaring property values are exerting increasingly
unsustainable pressure on the economy.

People
who have paid high prices (including mortgage interests) for their properties will
want to charge more and more to cover their costs, people have to pay more in
commercial and residential rents and this will reflect in pressure on wages and
prices of goods and services to rise.

PROPERTY
PRICE RISES ONLY BENEFIT DEVELOPERS AND SPECULATORS WHO SELL. FOR THE REST,
THEY CAN ONLY BASK IN THEIR PAPER GAINS (THAT MAY VANISH INTO THIN AIR) WHILST
THE COSTS OF SUCH PROPERTY PRICE RISES INCREASES EXERT PRESSURE ON THE ECONOMY
IN TERMS OF COST OF LIVING (HIGHER RENTS AND DEMANDS FOR HIGHER WAGES SO THAT
THEY CAN AFFORD TO BUY HOUSES). WHEN PEOPLE HAVE (BORROWED OR WAGE) MONEY TO
SPEND THE ECONOMY IS HOT BUT ONCE THEY ARE BURDENED BY DEBT SERVICING OR LOSE
THEIR JOBS OR THEIR BORROWED MONEY DRIES UP THE ECONOMY HITS THE WALL.

IN
THE SAME WAY, THE COST OF OIL PRODUCTION IS ACTUALLY VERY LOW TO MOST PRODUCERS
LIKE THE ARABS AND THE EXCESSIVE PRICES TODAY THAT ARE THE WORK OF SPECULATORS
INCUR A PENALTY ON CONSUMERS APART FROM THE WINDFALL ON ARAB COUNTRIES BUT THEY
HAVE SQUANDERED IT AWAY ON SILLY MEGALOMANIAC CONSTRUCTIONS AS IN DUBAI.

The allure of mortgage lending to banks:

Mortgage
lending is undertaken with other people’s money, not the bank’s money and so if
it is lost, it is the depositors’ money that will be lost.

In
normal circumstances, prices of houses are unlikely to fall but be maintained
or even rise. Thus even if mortgagees default, the repossessed property is
likely to fetch as much if not more money as opposed to a car that will fetch
significantly less with attendant loss to the bank.

The
return for a loan of $450,000 over 30 years at 7% of about $900,000 is quite
handsome considering that the person cannot run away, his property can be
seized if he default and so it appears to be a sure handsome win situation for
banks.

But
the ‘unthinkable’ (actually can be foreseen) can happen, there may be massive
defaults and prices can drop and in this case, banks will be not just saddled
with many lost making repossessed properties that cannot be sold but they can
be illiquid, have no money left because they have been given out and tied in
all these property loans and this is essentially what has happened.

Into
this equation comes Goldman Sachs with their master of the universe financial
engineers who have circumvented financial limits to property lending by
fashioning derivatives that outsourced those risks of property lending to
others so that the bank can lend much than it otherwise was permitted.

Banks
paid a paltry amount for gullible investors looking for greater returns to
guarantee for the mortgages the banks made and once these mortgages were
guaranteed by a third party, bankers felt they were protected to keep lending
more than their limits.

Now
it appears that these insurers (like AIG) did not make provisions to pay for
losses they undertook to insure and these bankers have been lending recklessly
with eyes close way beyond their limits allowed by the law and so we are in a
logjam where the banks are saddled with repossessed properties that are a
fraction of the loans they gave, the banks money are all tied up in these loans
so that they have no money to lend to sustain bread and butter credit
requirements that are needed to keep the economy flowing and so the economy is
threatened with death from credit starvation.

THE
ALLURE OF MORTGAGE LENDING IS THAT IT IS BIG TICKET AND LOCK IN QUITE HANDSOME
PROFITS OVER MANY YEARS FOR THE BANKS ASSUMING THAT BORROWERS ARE ABLE TO REPAY
THEIR LOANS.

 

FURTHER
IT IS CONSIDERED QUITE SAFE BECAUSE BORROWERS CANNOT RUN, IF THEY DEFAULT THE
PROPERTY THAT IS LIKELY TO MAINTAIN IF NOT RISE IN VALUE CAN BE SEIZED.

 

IN
THEIR GREED AND HASTE TO MAKE AS MUCH AS POSSIBLE BANKERS HAVE NOT ONLY LENT TO
THE LIMITS PERMITTED BY LAW, THEY HAVE THROUGH FALSE FINANCIAL ENGINEERING
(DERIVATIVES) EXCEEDED CONSIDERABLY PERMITTED LENDING LIMITS AND IT TURNS OUT
THAT THOSE WHO HAVE INSURED THESE MORTGAGES ARE THEMSELVES RECKLESS, THEY DID
NOT HAVE THE BACKUP TO PAY IF LOANS SOURED IN MASSIVE PROPORTIONS AS TODAY.

 

AND
NOW ANOTHER CAVEAT OF PROPERTY HAS GONE SOUR, ASSET PRICES CAN DECLINE
SERIOUSLY AND SO EVEN IF BANKERS REPOSSESS THEY ARE SADDLED WITH ILLIQUID
(CANNOT BE SOLD) PROPERTY WORTH MUCH LESS THAN THE LOANS THEY GAVE AND BECAUSE
THEY HAVE WAY OVERLENT, THEY HAVE NO MONEY TO LEND NOW AND THE ECONOMY REQUIRES
CREDIT AS A LUBRICANT AND STARVED OF CREDIT MANY VIABLE, ‘DECENT’ BUSINESSES
MAY DIE JUST BECAUSE THERE IS NO CREDIT FOR THEM.

Signal right and turn:

If
you watch some people drive it is very robotic or rigid.

They
signal right even when there is not a vehicle in sight and then proceed to move
to the right lane.

You
may think they are thinking, understanding people but you may be deceived, they
are mindless robots following programs in their heads.

Sometimes
people take a look or the forget to take a look because they are preoccupied or
distracted, they signal right and mindlessly proceed to move right even when
there is danger and they should not move right.

IF
YOU ARE ALERT AND SEEN THERE IS NOT A VEHICLE IN SIGHT, IT IS MINDLESS, ROBOTIC
TO SIGNAL RIGHT BEFORE YOU MOVE RIGHT.

IF
THERE IS DANGER, EVEN IF YOU HAVE SIGNALLED RIGHT YOU SHOULD NOT PROCEED
BECAUSE IT IS HAZARDOUS.

EVEN
THOUGH THEY MAY HAVE UNDERSTOOD WHY THEY SHOULD LOOK AND THEN SIGNAL RIGHT
BEFORE THEY CHANGE LANES, IN TIME BECAUSE WHAT IS REHASHED AND A RULE REQUIRES
NO UNDERSTANDING, IT CAN BE DONE WITHOUT UNDERSTANDING AND SO THE PERSON ABSENT
MINDEDLY SIGNALS RIGHT AND MOVES RIGHT EVEN WHEN THERE IS A VEHICLE THAT
RENDERS IT HAZARDOUS.

YOU
MAY THINK THERE ARE THINKING UNDERSTANDING PEOPLE DRIVING AROUND BUT THEY MAY
BE MINDLESS ROBOTS DRIVING ACCORDING TO RULES AND EVEN IF THEY UNDERSTOOD WHY
THEY SHOULD OBEY THOSE RULES, IN TIME THEY MAY FORGET AND DO IT WITHOUT
UNDERSTANDING THE RULE AUTOMATICALLY AND THAT IS A RECIPE FOR ACCIDENTS SOMETIMES
WHEN THEY SIGNAL RIGHT WITHOUT LOOKING AND THEN MOVE RIGHT WHEN THEY SHOULDN’T.
THEY LOOK FOOLISH SIGNALLING RIGHT WHEN THERE IS NOT A VEHICLE IN SIGHT TO
NECESSITATE SIGNALLING.

A computer would have done a better job than bankers:

The
superiority of computers is that they are unemotional, are not driven by force,
they are purely driven by programs that they obey unfailingly whereas humans
are prone to emotions, to greed and foolishness.

Thus
a supervised computer can be relied to restrict lending to 30% of deposits and
to screen borrowers according to specified guidelines and it would do just
that, stop lending once 30% is achieved and if the person does not meet credit
requirements he will be rejected. The computer cannot be bribed.

THUS
SINCE BANKERS THINK THAT WITHOUT FAT BONUSES, THEIR TALENTS AER WASTED, THEY
SHOULD BE ALLOWED TO LEAVE AND THE BANKING SYSTEM SHOULD BE MANAGED BY A
PROGRAMMED COMPUTER WITH HUMAN SUPERVISION.

HUMANS
THINK THEY ARE WONDERFUL, INDISPENSABLE BUT BANKING IS BASICALLY A SET OF
SENSIBLE RULES THAT ANY SOPHISTICATED COMPUTER CAN BE PROGRAMMED TO CARRY OUT
AND IT IS NOT VULNERABLE TO EMOTIONS AND CORRUPTION AS FECKLESS HUMANS ARE AND
SO COMPUTERS ARE EMINENTLY SUITABLE BANKERS.

Not unfeasible or farfetched:

Replacing
bankers with computers are not unfeasible or farfetched, even now the
technology to do so is available but it is bankers and their cronies the
politicians who all have fingers in the pie of corruption, who have vested
interest to keep the corrupt system going that provide hard to remove stumbling
blocks.

IT
IS NOT THAT COMPUTERS RUNNING BANKS ARE UNFEASIBLE OR FARFETCHED, IT IS VESTED
CORRUPT INTERESTS IN HIGH PLACES THAT WOULD SHOOT DOWN THE IDEA EVEN BEFORE IT
CAN BE FLOATED.

Air screening rules mostly for show:

According
to an Independent article the latest airport screening machines are far from
infallible, they will not detect liquid explosives or the explosives hidden in
nappy pads like that worn on the terrorist.

Authorities
would like you to know they are conscientious and you are now much safer
travelling but little may have change, you are still very much at risk, for all
your trouble checking in, it is cronies selling those machines who are making
fat profits and these are not foolproof, do not guarantee no explosives are on
board.

Property is unproductive, for wasteful consumption:

If
you build a factory to produce goods, then that is productive property
construction. But if you build luxurious houses for people to stay in, that is
for profligate consumption, is non-productive use of capital, even a new
company that has shown just a few years profits that then build an impressive
headquarters is indulging in unproductive for show consumption that must be
paid for usually by overcharging consumers of its products.

A
LOT OF THE PROPERTY CONSTRUCTION IN RECENT YEARS CAN BE EXAMINED AND DETERMINED
TO BE PRODUCTIVE, WILL CONTRIBUTE TO THE GROWTH AND IMPROVEMENT OF THE ECONOMY
OR IT IS UNPRODUCTIVE, JUST FOR CONSUMPTION.

IF
IT IS UNPRODUCTIVE, YOU CAN EXPECT IT WILL NOT REPAY ITSELF AND SO IT IS SO
MUCH CAPITAL GONE TO WASTE AND ONLY IF THE PERSON CAN TRULY AFFORD IT SHOULD HE
BE PERMITTED TO PURCHASE A HOUSE.

IF
YOU THINK A HOUSE IS PRODUCTIVE, WILL REPAY ITSELF BY GENERATING INCOME THAT
CAN BE RETURNED TO THE ECONOMY YOU MAY BE RIGHT OR YOU ARE A FOOL.

IF
IT IS UNPRODUCTIVE THEN PROPERTY IS LIKE A DEEP HOLE THAT YOU KEEP DUMPING OR
WASTING MONEY AND SOONER OR LATER THE SYSTEM WILL RUN INTO TROUBLE, AS IT
SURELY HAS NOW.

Mankind understands economics and finance?

Mankind’s
policies and actions regarding economics and finance is like putting the cart
before the horse and yet it does not even realize that but think it is putting
the cart behind the horse.

Because
property especially residential is almost purely for consumption without
production, it will not generate wealth or income that can be returned to the
system, it should be discouraged than assisted. People should not be liberally
provided with near maximum loans to buy and consume houses that they will take
30 years to repay or have not earned the money. If they had the money they
would have bought cash and so to allow people to spend what they have yet
earned is reckless.

IT
IS DANGEROUS TO ALLOCATE SO MUCH MONEY OR CREDIT IN THE SYSTEM TO THE BUYING OF
PROPERTY, DANGEROUS FOR PEOPLE TO BE ALLOWED TO BUY PROPERTY THAT ARE
UNPRODUCTIVE, WILL NOT GENERATE WEALTH FOR THEM TO CONSUME WHEN THEY HAVE NOT
EARNED THE RIGHT TO DO SO, IT WILL TAKE THEM 30 YEARS TO REPAY.

WOULD
YOU PUT A CART BEFORE A HORSE? IF YOU WILL NOT THEN HOW COME MANKIND’S
FINANCIAL & ECONOMIC POLICIES ARE DOING JUST THAT? IS IT BECAUSE MANKIND
DOES NOT TRULY UNDERSTAND EVEN MATTERS DEAR TO THE HEARTS, MONEY? IT EITHER
UNDERSTANDS FALSELY OR DOES NOT UNDERSTAND.

Plus’ self serving lack of road signs:

If
it serves PLUS to erect road signs even miles from it so that it can attract
business, it will do so but if it serves PLUS not to erect road signs because
it will con unsuspecting motorists into its tolled road, it will do so.

Yesterday
I fell into PLUS’ trap. There was no PLUS road signs that said the road led to
the tollgate and assuming that it also led to the Sungai Buloh road from
Valencia, I entered the one way road after the traffic light only to discover I
was trapped, no way out and I had to pay toll and end up miles away from where
I intended. There was a side road before the entrance but it was rutted and
unmarked so I did not realize that was the only way out, I had to head to the
city, make a U turn if I wanted to go to Sg Buloh.

IT
MAY BE AN ACCIDENTAL OVERSIGHT THAT NO ROAD SIGNS SIGNIFYING PLUS WAS PUT AT
THE TRAFFIC LIGHT BUT IF I AM NOT MISTAKEN THERE MAY BE A SIMILAR SITUATION AT
PAGOH IN JOHORE AND IT MAY BE WILFUL SELF SERVING BY PLUS NOT TO ERECT SIGNS.

UNLESS
YOU ARE FAMILIAR WITH THE ROAD, YOU WILL NOT KNOW YOU ARE ENTERING THE TOLL
GATE UNTIL YOU TURN AND THEN IT IS TOO LATE AND YOU MAY END UP NOT JUST PAYING
TOLL BUT MANY MILES FROM WHERE YOU WANTED TO GO.

SO
EVEN IF IT WAS AN OVERSIGHT THERE IS
KARMA BECAUSE IT CAUSES TROUBLE (UNNECESSARY TRAVEL OVER MANY MILES) AND LOSS
IN MONEY TO ROAD USERS.

Why humans are worse than robots:

Because
whatever and however ordinary people perceive, think, see and act have a
simultaneous individually stereotyped substance and style, they must all be
rehashed and therefore they are robots.

But
in addition they are worse than robots because they act according to emotions
which are blind and harmful whilst pure robots never act according to emotions,
only according to their programs or instructions.

Thus
when they are angered they may do irrational destructive things like smash
their beloved vase when a computer or robot will not do that.

Should
Kasparov lose to a computer he may feel ashamed, upset or hurt whereas if Big
Blue lost, it just lost, it would not feel down or upset or ashamed.

Depending
on the cues it has been programmed to detect and respond to, the computer or
robot acts, it has no emotion, emotion (like, dislike, sadness, hurt, fear and
agitation) does not exist in robots and are not bases for actions. In humans,
destructive, irrational emotions (like, dislike, sadness, hurt, fear and
agitation) are actually the main drives of their actions and when stirred
violently their emotions may drive human robots to violent self and other
destructive actions.

THAT
HUMANS ARE ROBOTS WITHOUT UNDERSTANDING IS ACTUALLY BEYOND QUESTION, OBJECTIVE.
IN ADDITION THEY ARE WORSE THAN ROBOTS BECAUSE THEIR ACTIONS ARE DRIVEN BY DISLIKE
(ANGER, HATE), LIKE (GREED, EXCITEMENT), SADNESS, HURT, FEAR AND AGITATION.
BECAUSE THESE ARE PROXIES OF FORCE AND FORCE IS BLIND AND WITHOUT RATION, HUMAN
ACTIONS ARE DANGEROUS, DESTRUCTIVE AND IRRATIONAL.

You are accountable for your negligence:

Even
if you are negligence, even if you are unaware you
are negligent, you are still accountable for your action if it harms
others, this is what the Buddha taught. Jesus said every hair on your head is
numbered or accounted for even if you think it means nothing.

I
had videotaped the journey and watching
the movie again, I did not make any mistake, there
was no sign at all, there was an earlier slip road leading to Jalan
Sungai Buloh towards town but it was unmarked. At the traffic light I think it
is possible to turn left and escape toll for the last chance but there was no
sign at all that the road led straight into the mouth of the toll booths that
were hidden away from sight until after entry at the traffic light.

NEGLIGENCE
IS NOT BLAMELESS. EVEN IF YOU ARE NOT AWARE OF YOUR NEGLIGENCE IF IT IS YOUR
DUTY AND YOU FAILED IT, YOU ARE ACCOUNTABLE AND THE PAIN MAY BE WORSE THAN YOU
THINK. IF YOU WILFULLY SABOTAGE MOTORISTS BY DELIBERATELY NOT ERECTING SIGNS
THEN THE LOSS IN TERMS OF WASTED TIME AND TRAVEL AND TOLL ($1.80 TO NEXT EXIT)
IS DUE TO YOU.

Why it is Plus and nobody’s duty to inform:

Even
if there is no legal law requiring Plus to inform the public they are committed
to entering their tolled road, it is their moral duty as operator of a tolled
road to do so. It is not the duty of other authorities eg public road
authorities to do so.

Why
is that so?

Notwithstanding
the financial cost in wrongly entering a tolled road, the cost in time and
mileage is double the next exit point because there is no possibility for U
turns on the highway.

Supposed
you made a mistake entering the Pagoh toll, your next exit is not only at
Tangkak but you have to make a reverse trip to return to where you were.

On
public roads if you made a mistake it is easy for you to make an u-turn at the
next convenient location but on PLUS’ highway the next exit may be many miles
away even the next town eg Rawang.

THEREFORE
EVEN IF THERE IS NO LEGAL OBLIGATION IT IS PLUS’ MORAL DUTY TO INFORM THE
PUBLIC THAT THEY ARE NOW IRREVOCABLY ENTERING THE PLUS TOLL SYSTEM OR THEY
SHOULD MAKE PROVISIONS FOR AN U-TURN.

The
approach to the Sg Buloh tollgate was sufficient wide to allow a break in the
divider for an U-turn so why wasn’t a U turn allowed? If you are concerned
about accident with oncoming cars then a speed break for the adjacent two lanes
should obviate the danger.

IF
IT IS POSSIBLE AND NOT DANGEROUS TO PROVIDE AN U TURN FOR MOTORIST THEN PLUS IS
ACTING UNRIGHTEOUSLY NOT TO DO SO.

NOBODY
AND PLUS MAY GIVE A DAMN ABOUT THE SITUATION BUT BECAUSE PLUS IS THE OPERATOR
OF TOLLED ROADS, IT IS THEIR MORAL OBLIGATION AND THEY HAVE KARMA FOR
PERMITTING A SITUATION WHERE MOTORISTS CAN STRAY INTO THE SYSTEM AND END MILES
AWAY NEEDING TIME AND EXPENSE TO RETURN.

Done on purpose:

It
is not an accident or oversight but deliberate that roads ending without escape
to tolled roads are not marked in order to trick unsuspecting motorists to
enter and pay toll. Anyone who perceives that no one can tell for sure or it is
not done on purpose understands wrongly. Why is this so?

Many
times in different locations in KL, PJ, Kajang and the Klang Valley, unfamiliar
with the locale, I have made a blind turn to be confronted by a tolled road
with no escape such that I end up many miles from where I intended to go.

BECAUSE
THERE ARE MANY LOCATIONS WHERE ONE UNFAMILIAR WITH LOCAL ROADS MAKING A BLIND TURN
(ONE YOU CANNOT SEE WHERE YOU ARE HEADING) FINDS HIMSELF CONFRONTED WITHOUT
ESCAPE BY A TOLLED ROAD, IT CANNOT BE AN ACCIDENT BUT MUST BE DONE ON PURPOSE
TO TRICK MOTORISTS.

IF
PLUS CAN ERECT SIGNS FAR AWAY TO DIRECT MOTORISTS TO ITS TOLLED ROADS, WHY IS
IT PLUS CANNOT OR DO NOT ERECT CLEAR SIGNS WHEN THE TOLLED ROAD IS WITHIN
REACH? QUITE A FEW TIMES I KNEW I WAS AT THE VICINITY OF A TOLLED ROAD I WAS
TRYING TO GET ON BUT WENT AROUND IN CIRCLES LOOKING FOR THE ENTRANCE.

What
is the purpose of such dichotomy of reason of going to great lengths to lead
you to a tolled road and then abandon you when it is near?

PLUS
probably figured that most of those who use the toll gates are local and know
where it is and so they don’t need to tell you. It is just too bad if you are
not a local and you can always ask locals. They don’t care if you waste your
time and money searching high and low yet so near the toll gate looking for an
entry.

Instead
the purpose for the sudden vanishing of signs is to trick unsuspecting
motorists unfamiliar with local roads to wander into their tolled road and pay
toll. It does not matter to them if you get transported many kilometres from
where you intended to go. What matters is they collect toll from you.

THERE
ARE MANY LOCATIONS WHERE ROADS THAT LEAD TO TOLLED ROADS ARE NOT MARKED SO THAT
UNSUSPECTING MOTORISTS CAN WANDER IN TO PAY TOLL AND END UP MANY MILES FROM
WHERE THEY INTEND TO GO. THIS CANNOT BE AN ACCIDENT BUT MUST BE DONE ON
PURPOSE.

PLUS
PROBABLY FIGURED MOST PEOPLE WHO USE THE TOLL GATE ARE LOCALS AND KNOW WHERE
THE GATE IS, IF YOU ARE NOT LOCAL, IT IS TOO BAD IF YOU WANDER IN CIRCLES
LOOKING FOR THE GATE, SO NEAR YET SO FAR, YOU CAN ALWAYS ASK LOCALS. INSTEAD
THE PURPOSE IS TO UNRIGHTEOUSLY TRICK UNSUSPECTING MOTORISTS TO WANDER INTO THE
TOLL ROAD. IT DOES NOT MATTER YOU END UP MANY MILES FROM WHERE YOU INTENDED TO
GO, WHAT MATTERS IS YOU PAY TOLL.

THE
AUTHORITIES ARE SHIRKING THEIR DUTY, THEY SHOULD MAKE SURE BY PUNITIVE LAWAS
THAT PLUS ERECT SIGNS THAT WARN PEOPLE ‘ONLY TOLLED ROAD AHEAD’ OR ‘TO NVKE
ONLY’.

THUS
YOU HAVE WRONG UNDERSTANDING IF YOU THINK NO ONE CAN TELL IF IT IS DONE ON
PURPOSE BECAUSE THE PERVASIVENESS IS SUCH THAT IT MUST BE DONE ON PURPOSE WITH
NO CONSIDERATION FOR THE MOTORIST.

No need to get upset, it is a fact:

You
don’t need to get emotional and accuse PLUS of deceit driven by emotion and yet
be uncertain whether you have been fair to PLUS.

IT
IS OBJECTIVE, CAN BE REASONED CALMLY BY TRUE REASON OR UNDERSTANDING THAT THE
RAMPANT OR EXTENSIVE CONSISTENT LACK OF SIGNS MUCH LESS CLEAR SIGNS TELLING MOTORISTS THEY ARE HEADED FOR
A TOLLED ROAD WHERE THERE IS NO ESCAPE ONCE THE MOTORIST ENTERS CANNOT BE DUE
TO RANDOM CHANCE BUT MUST BE DONE ON PURPOSE. PLUS THINK NOBODY CAN TELL BUT IT
IS POSSIBLE TO DEDUCE LOGICALLY THIS IS DONE ON PURPOSE.

What do you expect from PLUS?

As
Jesus said, a bad tree can never bear good fruits and so no good can ever come
out of PLUS unless you think it is a good tree dedicated to your welfare.

IF
YOU AGREE THAT PLUS AND ALL THESE TOLL OPERATORS ARE CRONY LINKED COMPANIES
DEDICATED TO REAPING UNRIGHTEOUS PROFITS FROM THE PUBLIC WHILST PRETENDING TO
BE OF PUBLIC SERVICE, IT IS TO BE EXPECTED THEY WILL RESORT TO ALL MEANS
INCLUDING UNDERHAND MEANS TO REAP MAXIMUM ADVANTAGE OVER THE MOTORISTS THEY
PROFESS TO SERVE.

Calculated for maximum gain:

There
is no ‘baffling’ contradiction of logic in PLUS erecting signs faraway
directing traffic to its roads whilst they seem indifferent to provide clear
signs in the vicinity of their roads but there is a consistent perverted
calculated for maximum gain logic.

The
purpose of erecting signs faraway is to draw customers to its roads, not for
your welfare.

The
purpose of not erecting signs at the vicinity of their tollgates is also
calculated for maximum gain by tricking motorists to enter unwittingly. PLUS
calculates that most people who use the tollgate must be local and they won’t
lose much if any not erecting clear signs, those who are lost can ask locals
and they are likely to gain from tricking unsuspecting motorists than lose from
not guiding locals to the tollgates.

THEREFORE
ANYONE WHO THINKS IT IS A CONTRADICTION HAS WRONG PERCEPTION AND UNDERSTANDING
OF THE SITUATION. BOTH ACTIONS ARE NOT CONTRADICTORY BUT FITS THE SAME
PERVERTED LOGIC OF BEING SELF SERVING AT THE EXPENSE OF MOTORISTS.

A simple rules logic that does not require understanding:

Erecting
or not erecting signs informing the public of a tolled road is an action to be
undertaken that can be undertaken following a rules logic in which true
understanding is totally unnecessary.

What
is this rules logic that can govern whether you erect or not erect signs?

The
rules logic is simple: If it benefits you to erect signs then erect it (so it
clearly benefits to erect signs faraway to guide potential customers so you do
it). If it is a disadvantage to erect signs you don’t do it (eg in the vicinity
of tollgates signs may forewarn unsuspecting motorists to steer clear and so
you don’t erect signs).

IT
IS ACTUALLY NOT TRUE UNDERSTANDING BUT MINDLESS RULES OR PROGRAMMED LOGIC THAT
IS THE DETERMINANT AS TO WHETHER YOU ERECT OR NOT ERECT SIGNS.

IF
YOU THINK GENUINE UNDERSTANDING IS INVOLVED OR NECESSARY TO ERECT SIGNS FARAWAY
AND NOT ERECT IN PROXIMITY OF TOLL GATES YOU MAY HAVE RIGHT PERCEPTION OR YOU
ARE DELUDED.

Why religious raids are deluded:

It
was reported that raids on hotels by the Selangor religious department netted
many unmarried couples caught in close proximity. This is a form of harassment
and wrong.

There
are many people who say this action is wrong but not because they understand
but because they don’t like these enforcers or they don’t like Islam. They may
think they understand but they don’t and they are correct for the wrong reason
based on force, dislike eg of these enforcers or the religion.

What
are true reasons why such raids are wrong?

Apart
from harassing others causing trouble with karma not merit due, enforcement of
religious rules is false, it is because of force, enforcement that may drive
some couples to abstain from unlawful close proximity not because they have no
desire. What is enforced is subject to loss of enforcement and so the urge to
have illicit intercourse is only restrained by force, threats and fears without
understanding not because the persons have no desire for illicit intercourse.

YOU
CAN PREACH TO OTHERS WHAT IS RIGHT AND WRONG AND IT IS UP TO OTHERS TO LISTEN
AND UNDERSTAND AND CARRY IT OUT IF POSSIBLE. IT IS WRONG TO ENFORCE LAWS ONTO
OTHERS ESPECIALLY WHEN WHAT THEY DO DOES NOT HARM SOCIETY LIKE DESTROYING
PROPERTY OR STEALING. WHATEVER IS ENFORCED IS ARTIFICIAL, HYPOCRITICAL. FURTHER
YOU ARE HARRASSING OTHERS WITH KARMA DUE AND IF YOU YOURSELF IS FAR FROM CLEAN,
YOU HAVE VICARIOUS MOTIVES CONDUCTING SUCH RAIDS, YOU DERIVE PLEASURES FROM
SUCH RAID, YOU ARE ASKING FOR EVEN GREATER KARMIC DEBT.

THERE
ARE MANY WHO WILL TELL YOU THEY DON’T LIKE SUCH RAIDS, IT IS WRONG BUT THEY DO
NOT UNDERSTAND WHY IT IS WRONG AND IT IS FORCE, DISLIKE THAT TELLS THEM IT IS
WRONG.

Gross reckless plunder in Mindef:

IF YOU HAVE TO PAY EXORBITANTLY ($21 INSTEAD OF $2
MILLION PER YEAR) TO PROMOTE LOCAL ENTERPRISE THEN YOU HAVE GROSS PERVERTED
LOGIC TO RESCIND A THAI CONTRACT FOR A LOCAL CONTRACT OR IS IT BECAUSE IT IS A
LOADED DEAL TO PLUNDER PUBLIC FINANCES WITHOUT CONSCIENCE?

As promised, Malaysia Today is going to
publish a series of reports backed by official documents to prove that there is
more than meets the eye in how the Ministry of Defence under Najib Tun Razak
spent the taxpayers’ money. All these incidences involved blatant abuse of
power and violation of procedures. Today is the first in a series of exposes.



THE CORRIDORS OF POWER



Raja Petra Kamarudin

Since 1988, the Royal Malaysian
Air Force (RMAF) used to train its personnel in Korat, Thailand, at a cost of RM2 million per year.



In 2007, the then Deputy Prime Minister approved the leasing of the Aircraft
Combat Manoeuvring Instrument (ACMI) from a Malaysian company at a cost of RM21
million per year -- more than ten times what the RMAF was paying to train its
personnel in Thailand. The leasing was for 15 years.



The contract was based on ‘negotiated without tender’ and the company had no
prior experience in the business. The negotiated contract was not conducted
through the normal procedure nor was it approved through the proper channels.
Yet the current Prime Minister approved the contract in violation of procedure
and what could be classified as abuse of power.



Malaysia Today kicks off this expose with the documents below. More on
this matter will be revealed as we go along to show the many blatant incidences
of abuse of power and violation of procedure perpetuated by the Ministry of
Defence under Najib Tun Razak. 

Lost the track not forgot what I was going to say:

Reflecting
their lack of understanding and speaking falsely, when people say in midstream,
“I forgot what I was going to say” it is a false statement, not the truth. What
happened is that they lost track of their stream of retrieved thoughts to be
converted into speech, there may be a momentary block caused by mental force to
resistance that stopped the flow of retrieved speech to be rendered or
rehashed.

THE
FACT THAT EMOTIONAL STYLISH PEOPLE ARE PRONE TO ‘EMBARRASSING’ EPISODIC LOSS OF
THE STREAM OF THOUGHTS OR SPEECH IS AN INDICATION THAT WHAT THEY SAY IS
RETRIEVED FROM A MENTAL COPY AND SOMETIMES THERE IS SOME GLITCH IN RETRIEVAL OR
THERE IS A MENTAL BLOCK AND THEY SAY THEY FORGOT WHAT THEY WANT TO SAY WHICH IS
INCORRECT.

Forgetting
is about not remembering something eg forgot to switch off the lights or take
your umbrella whereas this is a case of losing the track of what you already
retrieved to be fed into the rehashing machine or a temporary blockage or
embargo preventing the flow of thought or words.