Jobs for the sake of jobs

Jobs for the sake of jobs:

Dow Jones fell 300 points because fewer jobs created (411,000 instead of 500,000) and most of the created jobs were temporary and artificial, hiring for the American census.

You could argue that the census is meaningful, collecting data that may contribute to economic growth in the future but it is merely employing for the sake of finding jobs, not because the government is flushed with money but it is full of debts printing more paper to keep the economy from collapsing worse than it has.

EVEN IF THE GOVERNMENT IS FULL OF MONEY, FLUSHED WITH CASH, IT SHOULD NOT SPEND MONEY WASTEFULLY TO EMPLOY FOR CENSUS OR BUILD BRIDGES TO NOWHERE BUT THE TRUE REASON FOR SPENDING IS IF YOU HAVE MONEY AND THERE IS SOMETHING USEFUL TO BUY. EVEN MORE SO, IF THE GOVERNMENT IS ITSELF FULL OF DEBTS IT SHOULD BE MORE CAUTIOUS IN ITS SPENDING. BY THUS SPENDING, IT IS SNOWBALLING PROBLEMS FOR THE FUTURE.

SUPPORT THOSE UNEMPLOYED WITH SHELTER (TENTS), FOOD AND CLOTHES, MAKE THEM SWEEP THE STREETS OR DO USEFUL WORK, LET THOSE BIG BANKS AND COMPANIES FALL, TAKE THEM OVER AND RUN THEM AS PUBLIC COMPANIES IF THE PRIVATE SECTOR CANNOT DO IT BUT IT IS DIGGING A BIGGER HOLE TO BURY YOURSELF SPENDING TO STIMULATE THE ECONOMY.

A LOT OF THE MONEY IS NOW IN THE HANDS OF THE FEW PRIVATE INDIVIDUALS WHO GOT IT BY HOOK AND CROOK AND NOW THEY TRAWL AROUND THE WORLD LOOKING TO PLUNDER MORE AS HEDGE FUNDS, THEY WITHDRAW THEIR MONEY FROM PURCHASING BONDS AND SHARES TO DENY THE SYSTEM OF CREDIT, TOO MANY COMPANIES HAVE SHIFTED OPERATIONS TO THIRD WORLD COUNTRIES AND CHINA TO MAXIMIZE PROFITS DEPRIVING RICH MARKETS OF THE WEST OF JOBS THAT WILL KILL THOSE MARKETS THENCE THE COMPANIES LIKE APPLE TRYING TO MAXIMIZE PROFITS AND FINALLY CHINA ITSELF WILL BE KILLED WHEN COMPANIES LIKE APPLE ARE KILLED.

YOU NEVER SPEND TO STIMULATE THE ECONOMY, YOU SPEND IF YOU HAVE MONEY AND THERE IS SOMETHING USEFUL TO SPEND. THUS HERE AGAIN MANKIND IS DEMONSTRATING FALSE AND ULTIMATELY FATAL UNDERSTANDING.

It’s just not cricket:

By that people mean it is just not right or fair or something to that effect.

YOU HAVE FALSE PERCEPTION THAT YOU DO NOT BELIEVE WILL END IN YOUR MAD PERCEPTION THAT ‘IT IS JUST NOT CRICKET’ MEANS IT IS NOT RIGHT OR FAIR. WHAT IS SO RIGHT OR FAIR ABOUT CRICKET EVEN IF IT IS SUPPOSED TO BE A ‘GENTLEMAN’S GAME’?

IT IS NOT WITHOUT PURPOSE PEOPLE SPEAK FALSELY THUS BUT IT IS WITH THE PURPOSE OF FALSELY IMPRESSING OTHERS HOW SMART OR KNOWLEDGEABLE THEY ARE OF THE 'NUANCES' OF LANGUAGE AND SECONDARY MEANINGS.

False associations:

Cricket is a game played with bat and ball according to certain rules with certain implements, anything more, that it is about fairness, rightness or gentlemanly is false and comes from evil that will end in suffering for the fool who falsely associates cricket with rightness or fairness encouraging others to similarly falsely associate.

Jesus said let your yes be yes only, anything more comes from evil. If you let your yes be yes only then cricket is just a certain bat and ball game, anything more, that it is about fairness is evil.

If you keep spinning such false associations your mind will be cluttered by many false associations that will end in insanity and confusion that you rightly deserve.

Just 20,000 US jobs added:

Census workers add 400,000 to US jobs

After the number of temporary staff employed for the census is taken out, the actual number of jobs increased by 20,000

Who owns Europe’s $2.6 trillion bad loans?

Germany & China are touted as saints with vast reserves and so called economic experts speak as if these reserves exist in reality ready to come to the world’s rescue but a large part of these reserves may have been lent to people with poor credit risk who are now defaulting.

China’s reserves have been squandered by the US and Germany’s by being lent to Spain, Portugal, Greece et al. In the same way people think their money is still in the banks but the banks have lent out recklessly and the money has been lost, is now in the hands of the few who sold overpriced houses and consumables (eg iPads, cars) to reckless consumers who cannot afford.

Debtors’ Prism: Who Has Europe’s Loans?

By JACK EWING

FRANKFURT

IT’S a $2.6 trillion mystery.

That’s the amount that foreign banks and other financial companies have lent to public and private institutions in Greece, Spain and Portugal, three countries so mired in economic troubles that analysts and investors assume that a significant portion of that mountain of debt may never be repaid.

The problem is, alas, that no one — not investors, not regulators, not even bankers themselves — knows exactly which banks are sitting on the biggest stockpiles of rotting loans within that pile. And doubt, as it always does during economic crises, has made Europe’s already vulnerable financial system occasionally appear to seize up. Early last month, in an indication of just how dangerous the situation had become, European banks — which appear to hold more than half of that $2.6 trillion in debt — nearly stopped lending money to one another.

Now, with government resources strained and confidence in European economies eroding, some analysts say the Continent’s banks have to come clean with a transparent and rigorous accounting of their woes. Until then, they say, nobody will be able to wrestle effectively with Europe’s mounting problems.

“The marketplace knows very little about where the real risks are parked,” says Nicolas Véron, an economist at Bruegel, a research organization in Brussels. “That is exactly the problem. As long as there is no semblance of clarity, trust will not return to the banking system.”

Limited disclosure and possibly spotty accounting have been long-voiced concerns of analysts who follow European banks. Though most large publicly listed banks have offered information about their exposure — Deutsche Bank in Frankfurt says it holds 500 million euros in Greek government bonds and no Spanish or Portuguese sovereign debt — there has been little disclosure from the hundreds of smaller mortgage lenders, state-owned banks and thrift institutions that dominate banking in countries like Germany and Spain.

Depfa, a German bank that is now based in Dublin, is one of the few second-tier European banking institutions that have offered detailed disclosures about their financial wherewithal, and its stark troubles may be emblematic of those still hidden on other banks’ books.

Despite boasting as recently as two years ago of its “very conservative lending practices,” Depfa, which caters primarily to governments, has flirted with disaster. It narrowly avoided collapsing in late 2008 until the German government bailed it out, and today its books are still laden with risk.

DEPFA and its parent, Hypo Real Estate Holding, a property lender outside Munich, have 80.4 billion euros in public-sector debt from Greece, Spain, Portugal, Ireland and Italy. The amount was first disclosed in March but did not draw much attention outside Germany until last month, when investors decided to finally try to tally how much cross-border lending had gone on in Europe.

Before Greece’s problems spilled into the open this year, investors paid little heed to how much lending European banks had done outside their own countries — so it came as a surprise how vulnerable they were to economies as weak as those of Greece and Portugal.

“Everybody knew there was a lot of debt out there,” said Nick Matthews, senior European economist at Royal Bank of Scotland and one of the authors of the report that tallied up Greek, Spanish and Portuguese debt. “But I think the extent of the exposure was a lot higher than most people had originally thought.”

Concern has quickly spread beyond just the sovereign bonds issued by the three countries as well as by Italy and Ireland, which are also seriously indebted. Private-sector debt in the troubled countries is also becoming an issue, because when governments pay more for financing, so do their domestic companies. Recession, along with higher interest payments, could lead to a surge in corporate defaults, the European Central Bank warned in a report on May 31.

Hypo Real Estate has hundreds of millions in shaky real estate loans on its books, as well as toxic assets linked to the subprime crisis in the United States. In the first quarter, it set aside an additional 260 million euros to cover potential loan losses, bringing the total to 3.9 billion euros. But that amount is a drop in the bucket, a mere 1.6 percent of Hypo’s total loan portfolio. Hypo has not yet set aside anything for money lent to governments in Greece and other troubled countries, arguing that the European Union rescue plan makes defaults unlikely.

The European Central Bank estimates that the Continent’s largest banks will book 123 billion euros ($150 billion) for bad loans this year, and an additional 105 billion euros next year, though the sums will be partly offset by gains in other holdings.

Analysts at the Royal Bank of Scotland estimate that of the 2.2 trillion euros that European banks and other institutions outside Greece, Spain and Portugal may have lent to those countries, about 567 billion euros is government debt, about 534 billion euros are loans to nonbanking companies in the private sector, and about 1 trillion euros are loans to other banks. While the crisis originated in Greece, much more was borrowed by Spain and its private sector — 1.5 trillion euros, compared with Greece’s 338 billion.

Beyond such sweeping estimates, however, little other detailed information is publicly known about those loans, which are equivalent to 22 percent of European G.D.P. And the inscrutability of the problem, as serious as it is, is spawning spoofs, at least outside the euro zone. A pair of popular Australian comedians, John Clarke and Bryan Dawe, who have created a series of sketches about various aspects of the financial crisis, recently turned their attention to the bad-debt problem in Europe. After grilling Mr. Clarke about the debt crisis in a mock quiz show, Mr. Dawe tells Mr. Clarke that his prize is that he has lost a million dollars. “Well done,” says Mr. Dawe. “That’s an extraordinary performance.”

On a more serious front, Timothy F. Geithner, the United States Treasury secretary, visited Europe at the end of May and called on European leaders to review their banks’ portfolios, as American regulators did last year, to separate healthy banks from those that need intensive care.

Others say that if such reviews do not occur, the banking sector in Europe could be crippled and the broader economy — dependent on loans for business expansions and job growth — could stall. And if that happens, says Edward Yardeni, president of Yardeni Research, the Continent’s banks could find themselves sinking even further because “European governments won’t be in a position to help them again.”

LENDING practices at Depfa may have seemed conservative before its 2008 meltdown, but its business model had always been based on a precarious assumption: borrowing at short-term rates to finance long-term lending, often for huge infrastructure projects.

From its base in Dublin, where it moved from Germany in 2002 for tax reasons, Depfa helped raise money for the Millau Viaduct, the huge bridge in France; for refinancing the Eurotunnel between France and Britain; and for an expansion of the Capital Beltway in suburban Virginia. Depfa was also a big player in the United States in other ways, like lending to the Metropolitan Transportation Authority in New York and to schools in Wisconsin.

Before the current crisis, Depfa was proud of its engagement in Mediterranean Europe. In its 2007 annual report, the company boasted of helping to raise 200 million euros for Portugal’s public water supplier and 100 million euros for public transit in the city of Porto. In Spain, it helped cities such as Jerez refinance their debt and helped raise money for public television stations in Valencia and Catalonia as well as raise 90 million euros for a toll road in Galicia. And in Greece, Depfa raised 265 million euros for the government-owned railway and in 2007 told shareholders of a newly won mandate: providing credit advice to the city of Athens.

Depfa said it performed a rigorous analysis of the creditworthiness of its customers, including a 22-grade internal rating system in addition to outside ratings. More than a third of its buyers earned the top AAA rating, the bank said in 2008, while more than 90 percent were A or better.

The public infrastructure projects in which Depfa specialized were considered low-risk, and typically generated low interest payments. Yet because long-term interest rates were typically higher than short-term rates, Depfa could collect the difference, however modest, in profit.

To outsiders, Depfa still looked like a growth story even after the subprime crisis began in the United States. Hypo Real Estate, which focused on real estate lending, acquired Depfa in 2007. After the acquisition, Depfa kept its name and its base in Dublin.

But when the United States economy reached the precipice in September 2008, banks suddenly refused to make short-term loans to one another, blowing a hole in Depfa’s financing and leaving it with a loss for the year of $5.5 billion and dependent on the German government for a bailout.

As Hypo’s 2008 annual report said of Depfa: “The business model has proved not to be robust in a crisis.”

Even with Depfa’s myriad travails, most investors weren’t aware of the extent of its cross-border problems until it disclosed them this year.

The question now hanging over Europe is how many other banks have problems similar to Depfa’s, but haven’t disclosed them.

On May 7, the cost of insuring against credit losses on European banks reached levels higher than in the aftermath of the Lehman Brothers collapse in the United States. Officials at the European Central Bank warned that risk premiums were soaring to levels that threatened their ability to carry out their fundamental role of controlling interest rates.

Three days later, European Union governments joined with the International Monetary Fund to offer nearly $1 trillion in loan guarantees to Europe’s banks. At the same time, the European Central Bank began buying government bonds for the first time ever to prevent a sell-off of Greek, Spanish and other sovereign debt.

The measures, widely regarded as a de facto bank rescue, restored some calm to the markets, but critics said that the aid merely bought time without reducing overall debt load. Europe’s major stock indexes and the euro have continued to fall as investors remain dubious about the ability of Greece and perhaps other countries to repay their debts.

Even so, figuring out which banks may be most exposed to those countries largely remains a guessing game.

Regulators in each country know what assets their domestic banks hold, but have been reluctant to share that information across borders. Lucas D. Papademos, vice president of the European Central Bank, which gets an indication of banks’ health based on which ones draw heavily on its emergency credit lines, said at a news conference Monday that a small number of banks were “overreliant” on that funding.

But Mr. Papademos, who retired last Tuesday at the end of his term, wouldn’t be more specific. He said European banks would undertake a vigorous round of stress tests by July.

It’s obvious that Greek and Spanish banks hold large amounts of their own government’s bonds. Spanish banks hold 120 billion euros in sovereign debt, according to the Spanish central bank. But a central bank spokesman said that those holdings were not a problem because, thanks to the European Union’s rescue plan, the prices of Spanish bonds have recovered.

Guessing also falls heavily on public and quasipublic institutions like the German Landesbanks, which are owned by German states sometimes in conjunction with local savings banks. Five of Germany’s nine Landesbanks required federal or state government support after they loaded up on assets that later turned radioactive, ranging from subprime loans in the United States to investments in Icelandic banks that failed.

According to the Royal Bank of Scotland study, banks in France have the largest exposure to debt from Greece, Spain and Portugal, with 229 billion euros; German banks are second, with 226 billion euros. British and Dutch banks are next, at about 100 billion euros each, with American banks at 54 billion euros and Italian banks at 31 billion euros.

“Banks continue to not trust each other,” says Jörg Rocholl, a professor at the European School of Management and Technology in Berlin. “They know other banks are sick, but they don’t know which ones.”

DEPFA and Hypo Real Estate, meanwhile, face continued setbacks as they try to steer back to health. Hypo reported a pretax loss for the group of 324 million euros in the first quarter, down from 406 million euros a year earlier.

At the end of May, the German government raised its guarantees for Hypo to 103.5 billion euros from 93.4 billion. Some analysts say they think the bank may need more aid in the future.

“I don’t think it’s over yet,” says Robert Mazzuoli, an analyst at Landesbank Baden-Württemberg in Stuttgart.

Raphael Minder contributed reporting from Madrid.

Vincent Tan exposes himself and rotten system:

If the horse says so it must be true. Despite their best (and often far from best) efforts to conceal shenanigans behind the scenes, because corrupt people do not truly understand themselves and they speak without checking what they say driven by emotion to attack, they often expose themselves as crooks.

What Vincent is admitting is that money collected by the government is used by UMNO or BN to finance a ‘massacre’ of the opposition. This is admission of corruption or wrongdoing, abuse of power.

In his haste to attack the opposition for opposing legalized betting that will benefit him and the BN he has attacked the opposition for opposition for selfish reasons not realizing he is acknowledging corruption on his part and the government.

In the same way, in his haste to pronounce Anwar a sodomist Dr M admitted the first allegation was fabricated. He said the first charge was fabricated so it is impossible they will fabricate the same charge the second time and so it must be true. On the contrary, corrupt people are unimaginative and copycats and there is few faked charges that can be so easily slapped on Anwar eg corruption needs evidence and witnesses.

 

"By legalising sports betting... the government could earn annual revenue of up to RM3 billion ringgit through taxes," Vincent Tan said. "Why are some politicians so against this?" Maybe they are against it because they know the profits will help finance the massacre of Pakatan Rakyat in the next general election.

Frank Rich: Don’t Get Mad, Mr. President. Get Even.

This statement is driven by emotion not understanding. The person thinks he is very smart but he is putting his head on the chopping board advising others not to get mad (angry) but to ‘coolly’ plot revenge. Revenge is the way even to hell and so he may even be headed for hell.

Why Steve Jobs Is Heading For Madness:

There is no reason to smile when introducing a new phone, there is nothing intrinsically likeable or dislikeable about a new phone no matter how revolutionary it is and so he is exhibiting bizarre behaviour that he and his audience including you perceive falsely as perfectly normal when it is abnormal, controlled institutionalized insanity that will end in insanity.

YOU AND HE SEE NOTHING WRONG, SEE IT AS APT BUT YOU AND HE SEE FALSELY AND THEREFORE UNDERSTAND FALSELY. HIS SMILE INTRODUCING THE NEW PHONE IS INAPPROPRIATE, MEANINGLESS, STIRRING HIS MENTAL FORCE ATTRACTIVELY. BECAUSE IT IS MEANINGLESS AND INAPPROPRIATE, HE IS PRACTICING CONTROLLED MADNESS THAT ENDS IN UNCONTROLLABLE MADNESS. SIMILARLY ANYONE WHO SEES NOTHING WRONG, SEES HIS SMILE IS APPROPRIATE OR MEANINGFUL HAS FALSE PERCEPTION AND UNDERSTANDING THAT IS ALSO THE WAY TO MAD PERCEPTION. LOOK AT YOURSELF AND SURELY YOU SHOULD SEE SIGNS OF INCIPIENT MADNESS IN YOU AND THAT IS A WARNING FOR FUTURE MADNESS.

IT IS NOT WITHOUT MOTIVE HE IS SMILING BECAUSE HE WANTS YOU TO LIKE THE NEW PHONE AND THUS ATTRACTED THAT IS A BLIND IRRATIONAL STIRRING OF YOUR MENTAL FORCE YOU MAY BE DRIVEN TO BUY ONE. THUS HE IS SINNING WITH KARMA FOR WANTING OTHERS TO USE EMOTION INSTEAD OF REASON TO BUY A PHONE.

Time to make Obama uncomfortable:

US Liberals: Time to make Obama uncomfortable.

Anyone who will make such a statement has wrong understanding because it incurs deadly karma.

Making uncomfortable means pestering or exerting pressure. Why should anyone make another uncomfortable over any matter except driven by ill will and delusion? If you have a problem or cause, you state or make known your cause and it is up to the president to accede or not.

Anyone who wants to make another uncomfortable is bestowing karma on himself to be experienced as suffering in the future. Not only that he is trying to recruit others to do the same.

Job: This is beyond the doubt:

With much dramatic pauses (using force to prolong gaps), Steve Job said emotionally, “This is beyond the doubt, the most precise, blah, blah, blah Apple has made”

Many people have used that ‘beyond the doubt” and so it is rehashed by copying. He is saying it is irrefutable when by emotionally speaking he is casting doubt in his own mind and others.

SUFFICE TO SAY THIS IS THE MOST PRECISE PHONE APPLE HAS MADE, BY SAYING UNNECESSARILY ‘BEYOND THE DOUBT’ YOU ARE RAISING DOUBT THAT YOU ARE TRYING TO QUEL BY SAYING ‘BEYOND THE DOUBT’. IT IS NEVER REASON OR TRUTH THAT IS THE BASIS OF THE STATEMENT BUT IT IS DRIVEN BY FORCE TO INSIST THAT IT CANNOT BE QUESTIONED. LEAVE IT TO OTHERS TO DECIDE OR QUESTION, DON’T TELL OTHERS TO DO SO, THERE IS KARMA NOT MERIT ATTACHED.

Steve Job did not say what he meant:

What Steve Job meant that he did not say is that you and no one should doubt this is the most precise Apple that has been made.

By implication by saying it is without doubt (for him who is the expert) and therefore by implication you, should not doubt that it is the best and therefore, trust him and go out and buy it.

WHAT HE IS IN ESSENCE SAYING IS DO NOT DOUBT, CAST YOUR DOUBTS ASIDE AND EMBRACE THIS NEW APPLE AS THE BEST EVER. HE NEVER SAID THAT AND SO HE NEVER SAID WHAT HE MEANT EXCEPT IN HIS DELUSION HE DID AND IN THE PROCESS HE IS PRACTICING CONTROLLED CONTRADICTION, RAISING DOUBT THAT HE THEN IMMEDIATELY DISPELLED.

IF A PERSON TRULY SAW THE PRODUCT IS THE BEST, HE MERELY SAYS AS HE SEES, ‘IT IS THE BEST APPLE’. BY SAYING IT IS WITHOUT A DOUBT THE BEST’ HE IS TELLING YOU UNRIGHTEOUSLY TO CAST OUT YOUR DOUBTS OR QUESTIONS AND ACCEPT WHAT HE SAID AND THEREFORE BUY.

ONE FEATURE HE HIGHLIGHTED WAS THAT IT IS THE THINNEST. IF IT IS THINNER BY A MERE FRACTION AND THE ORIGINAL ONE IS ACCEPTABLY THIN THEN IT IS PURSUIT OF WHAT IS FRIVOLOUS

Same old Job:

Although I have never followed Apple product launches, I think it is Steve Job’s trademark to do it himself and he always wears trademark T shirts and jeans.

IT IS NEVER REASON OR NEED OR UNDERSTANDING THAT RESULTS IN A PERSON ALWAYS WEARING T SHIRT AND JEANS BUT IT IS PROGRAMMING TOGETHER WITH LIKING AND DISLIKING THAT IS THE REASON. RATHER THAN FLEXIBLE SPECIFIC TO THE OCCASION LIVE PEOPLE, EMOTIONAL PEOPLE ARE ROBOTS, WHAT THEY WEAR LIKE WHAT THEY SAY AND DO AND HOW THEY SAY OR DO IT IS PROGRAMMED AND REHASHED FROM THOSE PROGRAMS IN WHICH THEY ARE MERE ROBOTS CARRYING OUT INSTRUCTIONS BY THEMSELVES AND OTHERS. FURTHER HE IS LIKELY TO HAVE IRRATIONAL HATE FOR SAY BUSINESS SUITS AND LIKING EEVN FETISH FOR JEANS.

WHAT IS SO INNOVATIVE ABOUT ALWAYS WEARING T SHIRT & JEANS? A LOT OF PROGRESS IN HANDPHONE IS JUST MINIATURIZATION AND TRANSFER OF EXISTING TECHNOLOGIES IN COMPUTERS EG INTERNET ACCESS & E MAIL.

PEOPLE WHO PRIDE THEMSELVES TO BE ‘FREE SOULS’, INDEPENDENT & INNOVATIVE ARE FAR MORE IMPRISONED BY THEIR INFLEXIBLE REGURGITATED PROGRAMING THAN THEY AND OTHERS ARE AWARE.

Bad news is good news:

This is a BBC headline and the person thinks she is funny and smart but she is dicing with future madness and mad conflict.

If something was good news it would not be called bad news and so to make a case for bad news being good is tampering with reality, trying to be too clever that will end in mad conflict that bad is good and good is bad.

If the bad news is good why do you call it bad news? Are you sick or trying to be too clever wanting to convert others to your sickness you call ruddy good health?

Oops - Australian parliament misspells US president's name

Oops is meaningless, designed to stir mental force in others.

By ‘oops’ the person means his mental force is stirred to like, like dislike or be surprised or agitated that Australian parliament has misspelt Obama’s name.

WHY SHOULD ANYONE’S MENTAL FORCE BE STIRRED TO EXPERIENCE ‘OOPS’ BECAUSE AUSTRALIAN PARLIAMENT MISSPELT OBAMA’S NAME AND OF WHAT USE IS IT? IF IT IS USELESS YOU ARE PRACTICING CONTROLLED INSANITY THAT WILL END IN INSANITY. IT IS MEANINGLESS AND OFTEN FAKED, THE PERSON’S MENTAL FORCE IS NOT STIRRED BUT IT IS JUST TO BE NICE TO OTHERS AND REHASHED AUTOMATICALLY, ‘OOPS, I FORGOT MY HAT’, ‘OOPS, I DID NOT SEE YOU’.

Thinly veiled

Immigration just beneath surface of Dutch election

What may be the reality is that there is taboo and although immigration is a major issue for the coming election, it is not publicly discussed. What is so thinly veiled about this?

‘THINLY VEILED’ IS A PERSON’S VIEW AND UNDERSTANDING OF A SUBJECT AND IT MAY BE ACCURATE OR INACCURATE. IF IT IS INACCURATE THE PERSON HAS FALSE UNDERSTANDING THAT WILL END IN WOE.

WHAT IS SO THINLY VEILED ABOUT VOTERS MAJOR CONCERN FOR IMMIGRATION THAT IS NOT DISCUSSED?

Saying much about nothing:

Quote: Acer's e-reader is not the firm's last word in tablet devices

The above statement conveys nothing of meaning.

Unless you have asked and been told by an authoritative representative of Acer that the e-reader is not the firm’s last word in tablet devices you are speaking falsely.

Further, unless Acer is quitting the e-reader market it is obvious that in the future there will be improved models and therefore the present model is not Acer’s last word and so it saying much about nothing.

IT IS NEVER REASON BUT EMOTION TO EXAGGERATE THE MATTER THAT CAUSED THE PERSON TO SAY THINGS THAT WHEN UNDERSTOOD IS FOUND TO BE MUCH ADO ABOUT NOTHING. SUCH NONSENSE HAS GRAVE CONSEQUENCES TO THE PERSON BECAUSE IT IS THE PATH TO MADNESS.

Buffett admits he is deluded:

Giving testimony in New York, Mr Buffett said the rating agencies "made the wrong call," but added that so did everyone else, including himself.

Only a deluded man will make wrong calls, it is impossible for a man who only speaks the truth or what he sees or knows is true eg the Buddha or Jesus to make any wrong calls.

IT IS ONLY IF A PERSON PERCEIVES OR UNDERSTANDS A SITUATION WRONGLY OR SPEAKS WITHOUT UNDERSTANDING CAN BE MAKE WRONG CALLS AND SO IF YOU ADMIT YOU CAN MAKE WRONG CALLS YOU ADMIT YOU CAN SEE AND UNDERSTAND FALSELY AND THAT DE FACTO IS DELUSION.

No wonder Buffett defends rating agencies:

Quote: Mr Buffett, the largest shareholder of the Moody's credit rating agency, was speaking before the US Congress's Financial Crisis Inquiry Commission (FCIC).

He has vested interests in defending rating agencies, he owns a major one.

Wrong calls not out of fallibility but complicity:

Buffett is giving an excuse for rating agencies making wrong calls.

It is not because rating agencies are fallible like Buffett and the rest but it is complicity, they were receiving kickbacks and inducements to rate to the advantage of banks who gave them securities to rate that was the cause of wrong calls.

IF BUFFETT BELIEVES WHAT HE SAID IS TRUE HE IS DELUDED. IT IS NOT BECAUSE RATING AGENCIES WERE FALLIBLE LIKE THE REST THAT CAUSED THEM TO MAKE WRONG CALLS, IT WAS THE FINANCIAL INCENTIVES THEY RECEIVED THAT MADE IT COMPELLING FOR THEM TO MAKE WRONG CALLS.

What it may be like for FoxCon workers:

Recently there was much publicity about workers committing suicide at FoxCon that assembles computers & phones for Apple, Dell & HP.

Unless you work like they do you will not realize how tormenting assembly line work can be apart from meagre pay.

I was recently doing some repetitive work clicking through National Geographic pictures to spot and make upright horizontal pictures using mouse and tab keys. It is monotonous and makes me drowsy very soon and I have to push myself to continue after awhile whilst mistakes became frequent.

MY EXPERIENCE IS THAT ASSEMBLY WORK DOING THE SAME THING OVER AND OVER AGAIN IS MIND NUMBING, SLEEP INDUCING AND MISTAKES SOON INCREASED. WHEREAS I CAN CHOOSE TO SLOW DOWN AND STOP APPARENTLY AT FOXCON YOU ARE ABUSED BY HUMILIATING CORPORAL PUNISHMENT IF YOU SLOW DOWN OR MAKE MISTAKES.

NO MATTER HOW MUCH WAGES ARE INCREASED, RATHER THAN A PIECE OF CAKE, ASSEMBLY WORK MAKES THE PERSON A ZOMBIE AND HE BECOMES A BIOLOGICAL ROBOT.

FOX CON’S BILLIONAIRE OWNER IS APPARENTLY A DEMANDING EVEN BRUTAL BOSS WHO BELIEVES IN PUNISHMENT WHO SAID HE CANNOT UNDERSTAND WHY PEOPLE SHOULD COMMIT SUICIDE. HE SHOULD TRY HIMSELF WORKING ON A SHIFT TO APPRECIATE. HE DOES NOT REALIZE THE HORRENDOUS KARMA IN FUTURE SUFFERING AWAITING HIM AS A RESULT OF HIS TREATMENT OF WORKERS.

A robot’s robot:

Anyone who does mindless repetitive as quick and stereotyped as possible assembly work is embarking on a dangerous course of training himself to be a robot’s robot that may end in insanity thence suicide or homicide for him. It is a struggle to maintain one’s sanity in such work and many succumb in different ways that statistics may severely underestimate.

Why a robot’s robot? All emotional stylish people are themselves biological robots and assembly type work is pushing the envelope of a human robot to the extreme.

Assembly work may range from repetitive peeling onions to car assembly to assembly of minute components for cameras and hand phones. With practice one becomes very good and fast at the particular work one is programmed to do by self and factory. But this program is like a virus in the mind that threatens to seize the individual so that even when sleeping or eating he may be mentally carrying out that assembly procedure and if he has a weak constitution he may be driven to madness thence suicide or homicide.

ORDINARY EMOTIONAL PEOPLE WHO HAVE NO PERSONAL EXPERIENCE OF PRESSURED ASSEMBLY WORK DO NOT REALIZE THE GRAVE DANGERS AND FLIRTING WITH MAD ROBOTIC BEHAVIOR THAT ASSEMBLYLINE WORK PUTS THE PERSON AT RISK. THUS BOSSES WHO PAY LOWLY AND ABUSE THEIR WORKERS IF THEY DO NOT PERFORM HAVE HORRENDOUS KARMA.

Why assembly work is deadly:

Assembly work or repetitive doing a menial task (eg peeling onions or potatoes) is a daily prolonged dedication to a single program, you just keep rehashing the same single program that tells you what to do, and carry out what is programmed without questions asked or need to do it.

IN TRUTH NO ONE HAS ANY TRUE REASON TO KEEP EXECUTING THE SAME TASK, IT IS DONE FOR THE SAKE OF EARNING MONEY AND BECAUSE IT IS MEANINGLESS, IT IS PRACTICING A SINGULAR ROTE ACTIVITY AGAIN AND AGAIN COUNTLESS TIMES DAY IN AND OUT AND THAT BECOMES AUTOMATED WITH EVEN INTENSE WILL OR DRIVE THAT MARCHES INEXORABLY TO INSANITY THENCE SUICIDE OR HOMICIDE.

IT IS THE DAY IN DAY OUT COUNTLESS DEVOTION TO A SINGULAR PROGRAM TO THE EXCLUSIONS OF ALL OTHER PROGRAMS (NO VARIETY), THE PUNISHMENT FOR MISTAKES AND SLOWNESS THAT PUSHES THE ASSEMBLY WORKER TOWARDS INSANITY AND THENCE SUICIDE.

IF YOU THINK ASSEMBLY WORK IS SIMPLE EVEN FUN AND EASY MONEY YOU MAY HAVE WRONG VIEW THAT IS THE WAY TO HELL OR THE ANIMAL WOMB. IF YOU DON’T KNOW THEN YOU SHOULD HOLD NO VIEWS ON THE SUBJECT. IN TRUTH ALL ASSEMBLY WORK MAY BE PUNISHING FOR THE PERSON AND THOSE WHO EMPLOY OTHERS IN MONOTONOUS ASSEMBLY LINE PRODUCTION (EG HENRY FORD) HAS SERIOUS KARMA, EVEN AN OCEAN OF SUFFERING AHEAD OF THEM, WHATEVER WEALTH THEY GAIN IS SCANT EPHEMERAL COMPENSATION.

Behold the cane toad:

Look at this cane toad and if you have true understanding you may see a living being that may be just as valid as you. There is ill will, greed and delusion in its appearance just as there is in all emotional people.

It is greed, ill will and delusion (and nothing else) that traps beings here including the animal world according to the Buddha.

Threaten it and it may attack you and that is ill will. If it sees a prey it may grab and that is greed. Without delusion you won’t be a toad.

THUS MANY INCLUDING THOSE WHO THINK THEY ARE QUITE GOOD DO NOT REALIZE THEIR TURNS WILL COME TO BE A TOAD.