Moral Hazard Writ Large:
Quote headline: Moral hazard writ large.
Comment: There is a style in the substance of this statement which is intended to impress the gullible what the person wants to say that is actually something simple like ‘double standards’.
Not only do people want to convey substance, they want to convey it in a pompous way that will make others impressed they are such powerful intellects when is all copied, they read others say so and they memorized and regurgitated it to similarly impress.
Defining the style in the substance of a speech:
Even if the writer is himself confused as to what exactly is the substance or meaning (and motives) of his speech, it can be objectively precisely determined by those who are discerning (and God) and the substance of a person’s speech may be true or false and what is false may be a lie, deluded (he believes it is true but is false) or nonsense (makes no sense eg yabadabadoo).
WHETHER TRUE OR FALSE, WHATEVER IS SAID IN SIMPLE TERMS WITHOUT ADORNMENT IS THE SUBSTANCE OF THE SPEECH.
IF YOU WANT TO CONVEY A MESSAGE THEN YOU SHOULD USE SIMPLE WORDS THAT ARE UNDERSTOOD BY MOST IF NOT ALL BUT IF YOU INTENTION IS TO SHOW OFF NOT CONVEY A MESSAGE TO BE UNDERSTOOD, YOU USE THE MOST HIGH SOUNDING AND EXOTIC WORDS YOU CAN FIND, YOU USE VAGUE LANGUAGE, YOU BEAT AROUND THE BUSH PADDING UP YOUR SPEECH WITH WORDS AND PHRASES THAT ARE ACTUALLY UNNECESSARY AND DETRACT FROM THE SUBSTANCE OF THAT SPEECH.
Thus if you examine a person’s speech, you can make up what he is essentially saying or what he is alluding to or hinting indirectly.
Speech that is alluding or hinting is a form of dishonest or style in substance speech.
If there is a lot of padding, things said that detract from what he is saying to make it more impressive, that too is style in the substance of his speech.
If there are a lot of high sounding words that can be replaced by much simpler words that too is a style in the substance to impress.
A important component of the style in the substance of speech is the use of graphic descriptions or adjectives like finger licking goodness, luscious food, ‘mouth watering’ or words that consciously or unconsciously is intended to convey force eg ‘plunging’ market instead of sharply declining market, thrown out of court instead of dismissed.
Because it is a style in the substance, it is recurrent, memorized to be rehashed to impress, thus the person is fond of using favourite phrases like ‘to recap’,’ in other words’, ‘you see’ but not other phrases.
Choice of words:
Choice of words and by extension phrases or groups of words like ‘deafening silence’ usually copied from others is an important aspect of style in the substance of speech.
The choice of words or phrases copied from others (thus memorized to be regurgitated to impress) may be intended to impress how wonderful his command of English is or to incite sensuality (piping hot, mouth watering) or to convey and stir force (thrown out of court instead of dismissed).
THUS A CRUCIAL INGREDIENT OF STYLE IN THE SUBSTANCE OF SPEECH IS THE CHOICE OF WORDS OR PHRASES AND BECAUSE THESE WORDS OR PHRASES ARE MEANT TO IMPRESS, THEY MUST BE COPIED FROM OTHERS USING IT, COMMITTED TO MEMORY AND REGURGITATED REGULARLY TO FIT INTO THE PERSON’S SPEECH THAT DE FACTO MAKES THAT PERSON A ROBOT OF STYLED SPEECH.
Style is always predictable:
A person’s style of speech be it the way he speaks or the words and phrases he likes to use and never uses is always predictable because it is rehashed and whatever is rehashed is predictable as sure as the sun rises the next morning.
Although the person understands more phrases and words than he always uses, there are words and phrases he always uses and words and phrases he dislikes or hates to use and thus never use.
THERE IS A PATTERN IN THE STRUCTURE AND CHOICE OF WORDS OF A PERSON WHO HAS STYLED SPEECH THAT IS STEREOTYPICAL OF HIM SUCH THAT A PERSON FAMILIAR MAY SURMISE BASED ON READING SOMETHING WHO THE AUTHOR MIGHT BE.
Heavily styled speech:
Quote: Along California’s redwood coast, 1,000-year-old trees command rocky bluffs that overlook golden beaches.
Driven by emotion, stylish people use words and language either consciously or unconsciously aimed at stirring readers’ mental forces to be attracted.
The coast is not redwood but redwoods populate or dominate it.
It is false perception to perceive these trees command the bluffs. Towering above is not commanding.
There is no need to say the beaches are golden and if not all the beaches are coloured gold, he has not ascertain it is true, he is falsifying to exaggerate how wonderful it is.
The sand may be golden coloured but the beaches are never golden and the use of golden beaches is to falsely convey a picture of how wonderful those beaches are (not). What does it matter if the beaches are golden or not? Is the subject the beaches or the giant redwoods? Instead the description of the beaches as golden is for style, to stir the reader’s emotions to ‘wow’.
A bluff is a cliff but it is more impressive to speak of bluffs than old fashioned cliffs.
The person who is only intend on conveying substance without style may just say, towering 1000 year old redwood trees stand on rocky cliffs overlooking California’s beaches.
Omissions as part as style:
Sometimes people omit words as part of their style in substance as is the practice that likely originated from America of saying “the stock exchange closed Monday night down 200 points”. Instead of saying ‘on’ Monday, it is curtly said “Monday” and fellow goats with false perception find it a charming new way of stating things and copy it.
What is the substance said?
The substance of ‘Along California’s redwood coast, 1,000-year-old trees command rocky bluffs that overlook golden beaches’ is ‘giant 1000 year old redwood trees grow in a dominant fashion on cliffs that overlook California’s beaches’.
It is ponderous, necessary for show to describe the coast as redwood, the tress as commanding the bluffs and it is irrelevant that the beaches are golden but is said to exaggerate how wonderful it is.
What do people understand?
When Jesus asked his disciples who were complaining about no bread whether they are yet without understanding, it implies that ordinary people in this world are without understanding, do not understand.
So what is understanding? Do people understand and to what extent do they understand?
Everything that can happen has an actual nature that is true or applies to everyone. Understanding is merely seeing the nature of things as they actually are which implies you can also see the nature of things as they aren’t or falsely or as you are deceived. If you do not see the nature of things as they actually are, you have been deceived and do not and cannot understand.
Only force (resident in the person’s mind) and forced enforced false reasoning can make a person not understand, true reason has no force to make someone not understand. True reason shorn of force always effortlessly sees and understands things as they truly are.
You actually need little or no genuine reason to survive even quite well in this world. All you need is to observe and copy without understanding what others around say and do and you will be quite because the fact that others do or say it and they exist must mean their behaviour and speech have survival value, those who manifest speech and behaviour that have poor survival value have been eliminated by natural selection.
ANYONE CAN COPY EVERYTHING AND THE STYLE OF WHAT HE WANTS TO SAY OR DO OR POSE FROM OTHERS AND THAT HAS NOTHING TO DO WITH TRUE REASON OR UNDERSTANDING, ALL YOU NEED IS GOOD PERCEPTION (SIGHT AND HEARING), GOOD MEMORIZING OR RECORDING AND THEN USING THE RECORDING AS TEMPLATE TO COPY WHAT YOU MEMORIZED AND PLAY BACK AGAIN AND AGAIN FROM A MENTAL JUKEBOX OF COPIED SPEECH AND ACTIONS.
In reality people do understand but there is great variation in the level or degree with which different people understand and there are things that ordinary people will understand and never understand. Thus some people have greater capacity for understanding something taught to him, he will quickly understand whilst another will not understand no matter how times you hammer it into him. There some things eg money, gain, food, sex that they will understand but some things eg life after death, heaven and hell, sin, accountability that they will never understand.
The vast majority of people in this world understand enough of words and meaning to falsify or distort in order to gain un-righteously but do not understand enough to tell the truth.
People understand meaning enough to formulate and obey mental rules or programs or instructions that then become the sources of everything they say or do but once recorded, these programs are rendered often without further understanding even sarcastically. You may have initially understood what you programmed yourself to say or do in certain situations but once the programs have been installed, you need no further understanding, you may have forgotten your understanding and thereafter you are just a mindless robot reeling out what you recorded yourself to say or do in certain situations.
THUS PEOPLE CAN UNDERSTAND, BUT THE LEVEL OR CAPACITY FOR UNDERSTANDING, WHAT (MATTERS OR TOPICS) THEY CAN AND CANNOT UNDERSTAND VARIES GREATLY BETWEEN INDIVIDUALS. AS THE BUDDHA SAID, THERE THOSE WHO ARE LIKE THE SPOON THAT THOUGH IN DAILY CONTACT WITH THE SOUP DOES NOT KNOW THE TASTE OF THE SOUP WHILST THERE ARE THOSE WHO ARE LIKE THE TONGUE, STRAIGHTAWAY IT KNOWS THE TASTE OF THE SOUP. THERE THINGS THAT ORDINARY PEOPLE TRAPPED IN THIS WORLD WILL UNDERSTAND (SCIENCE, MATHEMATICS) AND THINGS LEFT ON THEIR OWN, THEY WILL NEVER UNDERSTAND. FOR EXAMPLE EVEN THOUGH THEY ARE STRETCHING THEIR SYLLABLES, CHANGING SPEED AND LOUDNESS ALL THE TIME AND THEY ARE THE CAUSES OF THEIR STRESS, RESTLESSNESS, DISTRACTION, SADNESS, HURT AND FEARS, LEFT ON THEIR OWN THEY WILL NEVER SEE IT IS SO.
PEOPLE UNDERSTAND ENOUGH OF MEANING TO FALSIFY AND DISTORT BUT NOT ENOUGH TO TELL THE PLAIN ‘LET YOUR YES BE YES ONLY’ TRUTH.
THEY MAY UNDERSTAND ENOUGH OF PLANS AND RULES TO FORMULATE THEM OR BE INSTRUCTED BY OTHERS WHAT TO SAY OR DO AND THEN CARRY THEM OUT BUT ONCE THE RULES OR PROGRAMS ARE WELL RECORDED IN THEIR MENTAL JUKEBOXES, THEIR UNDERSTANDING IS SWITCHED OFF AND THEY BECOME MINDLESS ROBOTS DISHING OUT WHAT THEY SAY OR DO ON CUE ‘WITHOUT GIVING A DAMN’.
Emotional stylish people may not truly understand:
Because the truth is whatever and however they perceive (see, hear, smell, taste and touch), think, speak and do is according to plans or instructions and they cannot behave in way that is not regurgitated or without instructions, people even highly intellectual ones may be highly sophisticated robots or computers that do not have genuine understanding only programmed or ordered or instructed understanding apart from which they have no understanding, cannot understand.
Tell the computer to do what it is designed to do and it will do so efficiently but tell the computers to do things for which it has no programs it will not understand or cannot do anything or try to use a program that it has that is closest in fit.
Thus when you speak to a highly intellectual person and are charmed by his replies that indicates he understood what you said, what may be happening is not true understanding. He perceived or heard what you spoke to him, he may only have heard snapshots and these snapshots are relayed to his dictionary of what you want or mean which may not be what you want or mean or had in mind (often you are trying to get at something but the other person interprets another not because of your poor expression but his interpretation or understanding is perverted) and thence it is relayed to his mental jukebox of recorded possible responses to activate a correct response.
Thus a person trained in Freudian psychoanalysis will interpret and understand whatever you say to him in terms of id, ego, super-ego, sublimation or whatever else that theory says is true whereas another person may not even understand it as such.
WHEN I SPEAK TO PEOPLE WHO ARE SUPPOSED TO BE HIGHLY INTELLECTUAL, I CAN DISCERN THEY ARE RIGID OR INFLEXIBLE PEOPLE WITH FIRMLY OR FORCEFULLY HELD VIEWS AND LOGIC THAT I CAN SEE IS FAULTY. YOU MAY THINK HE UNDERSTANDS WHAT YOU SAY, AT LEAST SIMPLE THINGS YOU SAY TO HIM, BUT IT MAY NOT BE GENUINE UNDERSTANDING, HIS UNDERSTANDING MAY BE COLOURED EG BY EMOTIONS OR WHAT HE UNDERSTANDS OF WHAT I SAID TO HIM MAY BE VERY DIFFERENT FROM WHAT I HAD IN MIND AND I CAN SEE HE DOES NOT UNDERSTAND IF MY UNDERSTANDING HAPPENS TO BE TRUE. I GET THE FEELING OR I SEE I AM SPEAKING TO A ROBOT.
SO LONG AS YOU ASK THE ROBOT RECEPTIONIST QUESTIONS THAT IT HAS BEEN PROGRAMMED TO ANSWER YOU MAY DECEIVE YOURSELF THAT IT UNDERSTANDS WHAT YOU ASKED WHEN IT DID NOT UNDERSTAND AT ALL, IT MERELY DETECT QUESTIONS IT WAS PROGRAMMED TO ANSWER AND IT SUPPLIED ANSWERS IT WAS PROGRAMMED TO GIVE WITHOUT UNDERSTANDING AT ALL THE QUESTIONS NOR THE ANSWERS. BUT AS SOON AS YOU ASK THE ROBOT QUESTIONS TO WHICH IT HAS NO ANSWER THEN YOU BEGIN TO SUSPECT IT NEVER UNDERSTANDS THE QUESTIONS ASKED NOR UNDERSTAND THE ANSWERS IT GIVES.
JUST AS A ROBOT NO MATTER HOW SOPHISTICATED NEVER UNDERSTANDS EVEN THE QUESTIONS IT WAS PROGRAMMED TO FIELD AND IT NEVER UNDERSTANDS THE ANSWERS IT IS PROGRAMMED TO GIVE, IT JUST DOES AS IT IS TOLD, IN THE SAME WAY, HUMANS WHOSE BEHAVIOR INDICATE THEY ARE ROBOTS MAY NOT TRULY UNDERSTAND WHAT IS SAID TO THEM OR WHAT THEY SAY IN REPLY.
Proof that people don’t genuinely understand:
Understanding means you can see the truth of what is said to you.
If you can understand in one place you must understand everywhere else because understanding is actually very simple and it is only the force in the person’s mind that can make him not understand anything.
THUS IF YOU CAN TRULY UNDERSTAND ONE THING, YOU MUST TRULY UNDERSTAND ANYTHING, IT IS NO PROBLEM FOR YOU TO UNDERSTAND ANYTHING. IF YOU CANNOT UNDERSTAND ONE THING THEN IT INDICATES YOUR UNDERSTANDING ELSEWHERE MAY NOT BE TRUE UNDERSTANDING BUT FALSE OR FORCED DRIVEN UNDERSTANDING.
Thus if someone were to point out the truth (as it is) that there are constant forceful stretching of syllables, changes of speed and loudness in your speech and that of everyone here, then if you truly understand, then you will see and thus understand that there is constant forceful stretching of syllables, changes of speed and loudness of your speech.
Because people here, even those who think they are good and highly intelligent or understanding still continue to display stretching, changing speed and loudness even after I have demonstrated it to them, they either do not see and therefore understand or they are not masters of their stretching, changing speed and loudness but they are slaves of their mental forces that drive them to constantly stretch, change speed and loudness.
IF A PERSON TRULY UNDERSTANDS THEN HE SHOULD UNDERSTAND ONCE HE IS INFORMED, THE TRUTH THAT THERE ARE CONSTANT FORCEFUL STRETCHING OF HIS SYLLABLES, CHANGES OF SPEED AND LOUDNESS AND HOW THESE LEAD TO STRESS, RESTLESSNESS, DISTRACTION, SADNESS AND HURT. IF HE STILL CANNOT UNDERSTAND, CANNOT SEE IT IS SO HE IS ALSO WITHOUT (TRUE) UNDERSTANDING ANYWHERE ELSE. WHEN YOU BEGIN TO SEE THERE IS STRETCHING, CHANGING SPEED AND LOUDNESS THEN YOU BEGIN TO UNDERSTAND. IF YOU STILL CANNOT SEE THERE IS STRETCHING, CHANGING SPEED AND LOUDNESS, YOU STILL CANNOT UNDERSTAND AND THAT MAY BE WHY JESUS ASKED HIS DISCIPLES, ARE YOU STILL WITHOUT UNDERSTANDING?
Death is not natural:
People in this world think death is natural, they are blameless in the cause of each others’ death.
If they see and understand they will realize that death is never natural or the inevitable course of things but every being here is responsible for killing each other either directly or indirectly by incessantly mercilessly bombarding each other with audio visual output that have constant force prolonging, changing speed and strength of force that leads to stress, restlessness, distraction, sadness and hurt that then causes diseases and suicidal or homicidal tendencies.
Because beings are attached to this world, think they are not to blame for each others’ death, think they are good when they are harmfully hypocritically nice even to their dearest ones, they do not see and understand, not just here but everywhere else, whatever understanding they have may be make believe false or programmed or mechanical understanding.
tkl
What a mess:
If I understand correctly, of the five major investment banks in the US only two, Goldman Sachs and Morgan Stanley are still standing and even these two are desperately trying to sell themselves off before they are liquidated. The rest, Bears & Stearns, Lehman and Merrill Lynch have all fallen. Lehman is worthless to its shareholders after trading at $70 and Merrill Lynch sold off for $50 per share after trading at $100 at one stage.
In the process, the US broke its rules separating commercial and investment banks forbidding commercial banks like Bank of America from buying investment banks because the investment banks are insolvent and need commercial banks to bail them out and even these may not be as secure as it may appear to the public.
Apparently the US government was forced to bail out F Mae and Mac because they owe a lot of money to foreigners especially China who were forced to keep their money in the US to keep the currency low so that US could afford to continue buying from China. If F Mae & Mac defaulted, China could be seriously hit and start withdrawing its money that could cause the dollar to crash and so by bailing out these entities, the US hope to keep China happy.
THUS CHINA ITSELF IS CULPABLE, IF IT HAD WITHDRAWN ITS MONEY ONCE EARNED, IT WOULD DEPRIVE F MAE & MAC OF MONEY TO LEND. BY KEEPING ITS MONEY IN THE US IN THE NAME OF CONTINUING TO EXPORT TO THE US, IT HAS ENDANGERED ITSELF AND THE US WHO HAVE LIVED WAY BEYOND THEIR MEANS.
When the US Fed decided to let Lehman default, it was actually playing Russian roulette, taking a risk that the default may not have implications beyond their control. It seems contra party risks that ensue as a result of Lehman’s bankruptcy may yet prove fatal to the financial systems. WHETHER THE US’S DECISION TO LET LEHMAN TO GO BANKRUPT IS WISE OR FOOLISH REMAINS TO BE SEEN.
THE MARKETS ARE CELEBRATING THAT THE US GOVERNMENT IS COMING TO ASSUME RESPONSIBILITY FOR TROUBLED BANKS’ CREDIT OBLIGATIONS BUT THE US AND OTHER WORLD GOVERNMENTS MAY HAVE FINITE RESOURCES AND THESE RESOURCES MAY NOT STAUNCH THE BLEEDING FROM THE GLOBAL FINANCIAL MESS.
Using other people’s money without permission:
The Feds are using people’s money to bail out all these troubled banks without asking the people’s permission.
Do not assume that there is no karma in this but there may be deadly karma.
If Bush or ‘Hank’ Paulson were to be asked to use his own money to bail out these banks there will be no way they will agree and so it is presumptuous and creating serious karma using people’s money as toilet paper to wipe others’ shit without permission.
Seeking Moby:
Quote headline: Seeking Moby
Moby Dick is the name of a legendary whale and seeking whales which is what the reporter is actually referring to is not the same as seeking Moby, to perceive seeking Moby as the same as seeking whales is advanced false perception (that will end in mad perception, you don’t believe).
‘Seeking Moby’ is said falsely to be falsely nice to whales not truly good or to be mischievous. It is designed to stir readers’ emotions to perhaps be affectionate towards whales or to be mischievous.
There is nothing intrinsically friendly to whales or to readers to refer to whales as ‘Moby’ and if you perceive you are being friendly or affectionate to whales by referring to them as ‘Moby’ you have false perception.
THUS TO REFER TO SEEKING WHALES AS SEEKING MOBY IS TO SPEAK FALSELY, TO FALSELY PERCEIVE ONE AS FRIENDLY OR AFFECTIONATE AND JUST PEOPLE DO NOT UNDERSTAND WHAT THEY READ HERE IS FALSE AND HARMFUL, NOT TRUE AND GOOD, WHAT THEY THINK THEY UNDERSTAND IN MANY PLACES MAY BE FALSE UNDERSTANDING AND THEREFORE IN TRUTH THEY DO NOT UNDERSTAND OR THEY SERIOUSLY OVERESTIMATE THEIR ABILITY TO UNDERSTAND.
Anwar struggling to form govt, says Ku Li
Comment: Just because there are delays does not mean Anwar is struggling to form government for the reasons Razaleigh gave.
It is actually for a person’s own good that he should refrain from speaking unless he knows what he says is true (and even if it is true, the Buddha will not speak unless it will benefit others).
Not only will there be painful karma for Razaleigh if what he says misleads others or is false (he told a lie) but without knowing what he said is true and saying it, he is cultivating false perception in himself that what he did not know as true is true and that will end in madness for him.
UNLESS YOU KNOW WHAT YOU SAY IS TRUE, YOU MUST NOT SAY OR BELIEVE IT IS TRUE BECAUSE YOU ARE COURTING MAD PERCEPTION THAT WHAT YOU DO NOT KNOW BUT WHAT YOU ONLY BELIEVE OR SUSPECT IS TRUE. EVEN TO THINK OF THINGS YOU SPECULATE AS TRUE IS COURTING MADNESS. IF YOU PUBLICLY SAY WHAT YOU DID NOT SEE OR KNOW AS TRUE AND IT TURNS OUT FALSE, YOU ARE FURTHERING COURTING KARMA FOR DECEIVING OTHERS. IT DOES NOT MATTER IF YOU ARE TENGKU RAZALEIGH OR ANWAR, IF YOU MISLEAD OTHERS YOU HAVE KARMA AND WILL GO MAD FOR BELIEVING WHAT IS FALSE IS TRUE.
KUALA LUMPUR: Parti Keadilan Rakyat (PKR) adviser Datuk Seri Anwar Ibrahim has difficulties in taking over the Federal Government, Gua Musang MP Tengku Razaleigh Hamzah said.
“I think it is very hard for Anwar to form a government because DAP is their good friend during the elections but when it comes to policies and ideologies, I don’t think Anwar can make it.
“In the long run, how can he run Malaysia with two different ideologies and policies?” he said at a dialogue with bloggers at his residence here yesterday.
The Umno veteran said Anwar who had been appointed Parliamentary Opposition Leader had to substantiate his claim that Pakatan Rakyat had a majority to form the government and that the Barisan Nasional government had lost its majority.
“When he (Anwar) claimed about the number (of MPs joining Pakatan Rakyat), he should have proven it. But he failed to do so.
“He’s good at making offers that are populist to those who believe him,” said Tengku Razaleigh, who has offered to contest the Umno presidency in December. - Bernama
What men don’t get about women:
There are many who are attracted by such headlines and perceive there is something in it to read that they may learn about when it is all deluded.
There are many women with many different opinions what men don’t get about women but they are all OBJECTIVELY false or deluded. They want certain things from men, want men to treat them in certain ways but they are all deluded.
In the same way, men perceive women in certain ways that differ in different men and they treat women in certain ways that women object, even become irate about. It is true that men’s perceptions and how they treat women are false and deluded but both men and the women who want men to perceive and treat them in different ways are deluded, they believe what is false is true and are barking up the wrong tree.
WHAT WOMEN ARE ESSENTIALLY DOING WHEN THEY SPEAK ABOUT WHAT MEN DON'T GET ABOUT WOMEN IS TO EXPRESS THEIR RESENTMENT AT THE WAY MEN TREAT OR PERCEIVE WOMEN AND THAT RESENTMENT IS NOT ABOUT REASON BUT DISLIKE OR THE REPULSIVE STIRRING OF THEIR MENTAL FORCES THAT IS BLIND AND NOTHING TO DO WITH REASON AND SO WHAT THEY SAY DRIVEN BY THEIR RESENTMENT (AKA DISLIKE) IS NOT GUIDED BY TRUE REASON BUT DRIVEN OUT OF BLIND FORCE OR REPULSION.
Why the worst is yet to come:
You see the turmoil on Wall Street with all the five big investment banks disappearing, changed to commercial banks, sold off or become bankrupt.
Shares rise 500 points on news of US 700 billion bailout, only to fall again on doubts.
The worst is yet to come because derivatives are at the heart of the problem and it is difficult and time consuming to trace the tangled web of liabilities. Many insurance companies, pension and mutual funds have bought such derivatives and they may not have the money to pay for the losses or they do not yet realize the heavy losses due them that have not been worked out because derivatives are devious, mix up all sorts of toxic and safe debts, chop them up to be parcelled off to different buyers.
Apparently it will take some time who (banks, funds, individuals) will sustain what losses as a result of Lehman’s bankruptcy.
JUST LIKE A JIGSAW PUZZLE THAT HAS BEEN SCRAMBLED AND PIECES SOLD OFF TO MANY UNSUSPECTING BANKS AND FUNDS, IT WILL TAKE MUCH TIME AND EVEN INGENUITY TO WORK OUT WHO OWNS WHAT PIECES OF THE PUZZLE AND HOW MUCH THEY ARE LIABLE. THERE ARE PLAYERS WHO NEVER EXPECTED THAT THEY WOULD HAVE TO PAY FOR DEFAULTS, THEY THINK THEY MERELY BOUGHT A DERIVATIVE THAT WAS SAFE AND GIVE THEM A STEADY INTEREST INCOME.
Why there will be no quick recovery:
Because the past extended boom was not based on fundamentals but abusive or reckless lending or credit practices, there is nothing to return to, if you return to the abuses of the past, it will end in the same result as today, namely a big mess. The reason why we are in a mess is because we have run out of fuel for the party and thus there will be no going back to the past.
Without the abusive practices of the past, even if recovered from the massive debts of the present, the economy will be more sedate, credit will much harder to get for a very long time until people forget and so things will never be the same again and there will be a prolonged lean even poverty stricken period.
THE EXTENDED GLOBAL BOOM WAS NOT BUILT ON FUNDAMENTALS BUT ABUSIVE CREDIT EG CHINA & ARAB OIL NATIONS EXPORTING TO AMERICA FOR FREE BY KEEPING THE MONEY THEY EARNED IN AMERICA TO USE. WITHOUT REVERTING TO THE ABUSES OR EXCESSES OF THE PAST, THE WORLD ECONOMY MUST SETTLE INTO A MUCH MORE SEDATE OR REALITY BASED LEVEL. FURTHER, A LOT OF HUGE DEBTS HAVE TO BE DIGESTED AND THESE WILL FURTHER CRIMP THE ECONOMY.
IT IS NOT AS IF THE WORLD IS A FIT YOUNG MAN WHO CAUGHT A FLU AND WILL RECOVER QUICKLY BUT THE WORLD IS LIKE AN ALCOHOLIC WHO HAS NOW FALLEN SICK WITH ALCOHOLIC LIVER AND BRAIN DAMAGE AND BEING HANDICAPPED NOW, CANNOT REVERT TO THE ‘GOOD OLD DAYS’.
Fat hope:
Those who entertain a swift and efficient recovery from this crisis are deluded. Just as they never predicted this crisis (when I said all along mankind was going for broke, financially and environmentally), they think they can predict the outcome of the present crisis.
Not only has the world built great indigestible debts not on productive pursuits but useless, wasteful speculation (buying houses and shares that they in truth cannot afford), they think they are wealthy and spent according to that wealth because the shares they own on paper tell them they are wealthy when they can be wiped out in an instance (Merrill Lynch from $100 to $50 per share), they spent money that is not theirs (China keeping its exports earnings in US for the US continued use).
If you look at a lot of Malaysian blue chips they may not be that blue but formerly inefficient government entities like TNB, Telekom. Many are making money because of unfair monopolies eg PLUS, UEM, YTL & Maxis.
THE WORLD IS FACING A DEBT CRISIS BUILT NOT ON PRODUCTIVE PURSUITS BUT EXCESSIVE CONSUMPTION ON CREDIT, SPECULATION IN THE SHARE AND PROPERTY MARKETS, CHINA AND EXPORTERS EXPORTING FOR FREE TO THE US BY KEEPING THEIR MONEY THERE AFTER BEING PAID. NOW THESE MOUNTAINOUS DEBTS MUST BE SUBSTANTIALLY CLEARED WITHOUT THE ABUSIVE LENDING PRACTICES OF THE PAST AVAILABLE, A LOT OF THE ASSETS MAY BE WAY OVERVALUED SO THE MONEY LOST FOR GOOD BY THOSE WHO WERE SUCKERED TO BUY. MANY OF THE COMPANIES EVEN LIKE FORD, GM MAY BE OVERRATED (FORD & GM OWN FINANCE COMPANIES THAT BORROW MONEY TO FINANCE CAR BUYERS BUYING THEIR CARS) AND THUS WHEN ASKED TO TRULY PERFORM IN TRYING TIMES, MAY COLLAPSE.
And the shares will crash too:
Even today shares are richly priced, their PE ratios are higher than in the past to reflect optimism.
Now with the economy turning down, profits will decline even for ‘solid’ companies and so readjustments to a more realistic PE ratio plus declining profits will see share prices a pale shadow of what it is and that will make a lot of people less wealthy than they think they are.
Methane released in the Arctic could raise global temperatures
By Jessica Salter
Last Updated: 6:01am BST 23/09/2008
Millions of tons of methane stored beneath the Arctic seabed is bubbling up to the surface and being released into the atmosphere as the region warms up and the ice retreats, scientists have said. The gas is said to be 20 times more powerful than carbon dioxide and scientists have warned that it could accelerate global warming. It is usually locked in a deep freeze below the sea, but as the ice melts on the surface, small holes, or “chimneys”, appear and the gas escapes. advertisement
He told The Independent that the team were documenting the “methane chimneys” using an echo sounder and seismic instruments. Scientists believe that underground stores of methane have in the past been responsible for rapid rises in global temperatures, changes in the climate and even extinction of species. They think that the amount of methane being released from the area of the Arctic along the Siberian continental shelf could equal the emissions from the rest of the world’s oceans put together. The preliminary findings of the International Siberian Shelf Study 2008 are being prepared for publication by the American Geophysical Union. The Arctic region has risen in temperature by 39.2F (4C) over recent decades according to scientists. |
Badawi should not think Anwar does not have the names:
Quote: “I don’t think he has the names. If he does, I don’t think he would wait to inform the people.
Unless Badawi knows Anwar does not have the names he should not speak. He is speculating or taking a bet (that is the way to doubt and uncertainty) whilst also unrighteously doubting Anwar which is sinful.
THUS UNLESS BADAWI KNOWS FOR CERTAIN ANWAR DOES NOT HAVE THE NAMES HE SHOULD NOT SAY SO, HE AND THOSE ON THE SIDELINES DO NOT REALIZE HE IS CONDITIONING HIMSELF TO FALSITY, DOUBT AND UNCERTAINTY THAT WILL BE TORMENTING. IT IS NOT FOR ANYONE ELSE’S SAKE BUT FOR HIS OWN SAKE THAT HE SHOULD NOT THINK ANWAR HAS THE NAMES.
What Badawi said below will have deadly and everlasting painful consequences he does not realize. He is slandering Anwar driven by emotion to lash out perhaps his ego hurt and he is at risk of being dismissed. What he says is derogatory or derisive and that is never the way to heaven but even another eternity of weeping and gnashing the teeth.
Badawi: "This is a waste of our time. It is a game of political lies by Anwar Ibrahim and the people are choosing to believe him," Abdullah told a press conference.
"He has no substance but the people will continue to be fascinated by him."
"Why should I be pressured? (it is denial of reality that will end in insanity, what he is saying is that others are mad to imagine he might be pressured, thus you should have your head examined if you think he is pressured) It is mere dreams. If at all it is true, (Anwar) would have announced it by now. The whole world would have known," he said.
"Do you think he would ask for a meeting with me to discuss a transition? He would storm into my room with hundreds behind him, shouting victory. This is Anwar's style."
Badawi’s absurd logic:
Badawi says the reason he does not think Anwar has the names is because otherwise Anwar would have waved the names to the public.
It is dangerous false logic to think that just because Anwar has not revealed the names to the public he does not have the names. What kind of PM is this running the nation’s affairs who makes such dangerous assumptions based on absurd logic?
IT IS A FOOL’S LOGIC TO THINK THAT JUST BECAUSE ANWAR HAS NOT PUBLICLY REVEALED THEIR MPS CROSSING OVER HE DOES NOT HAVE THE NAMES. IT INDICATES THE PRIME MINISTER IS A POOR LOGICIAN.
Never Too young:
Never too young: Nur Aliah Rosmah Esam, 3, helping out at her mother’s shop in Chow Kit.
This is a false statement aimed to be nice not true.
You can be too young eg a baby to help out your mother and so the statement is made falsely to exaggerate.
Anwar may be mad or gullible not bad as Badawi Depicts:
In saying Anwar is telling lies, a game of political lies & does not have the numbers, Badawi is depicting Anwar as bad, wants you to believe Anwar is bad.
But Anwar cannot be bad, he is either mad or gullible.
Unless Anwar is mad, he will be making a fool of himself in sending a letter to Badawi, wanting to meet him, calling an emergency session of parliament because soon it will be found out he will be mad because no one in BN is supporting him.
Anwar does not appear and speak like a mad person, a person with a loose screw in his head so that is not possible. The other possibility is that Anwar is gullible, he has been taken for a ride by BN MPs who will play him out and make a fool of him when the crunch comes.
THUS A REASONABLE MAN CAN ACCUSE ANWAR OF BEING MAD, CONCOCTING A SCHEME THAT IS FAR FETCHED OR HE IS GULLIBLE, BEING TAKEN FOR A RIDE BY BN MPS BUT IT IS BIZARRE LOGIC TO ACCUSE ANWAR OF BEING BAD. EVEN IF ANWAR IS BAD, HE WILL MAKE A FOOL OF HIMSELF AND RISK BEING A LAUGHING STOCK IF HE TURNED OUT TO BE LIKE THE BOY WHO CRIED WOLF.
THE REASON BADAWI IMPLIES ANWAR IS BAD IS BECAUSE HE WANTS TO DENIGRATE ANWAR, HE DOES NOT REALIZE THIS ACCUSATION DOES NOT STICK HERE, IT IS NOT A MATTER OF ANWAR BEING BAD BUT MAD OR GULLIBLE IF HIS SCHEME TO TAKE OVER IS WITHOUT BASIS. BECAUSE ANWAR DOES NOT LOOK AND SPEAK LIKE A MAD PERSON, HE CAN ONLY BE GULLIBLE NOT BAD AS BADAWI WANTS TO SELL TO YOU.
BECAUSE BADAWI’S LOGIC AND PERCEPTION IN THINKING ANWAR IS BAD IS FALSE, HE IS HEADED FOR MADNESS HE DOES NOT REALIZE.
Badawi is a man of muddled thinking:
Far from alone, there are many like Badawi who does not know he has muddled not clear thinking.
Muddled thinking according to the Buddha is the way to woe not safety and heaven.
If Anwar is not gullible, taken for a ride by BN MPs, he must be mad, out of his mind to go to such lengths to arrange a peaceful orderly transfer of government because if it is a charade, it will soon be found out by the cold light of reality and thence Anwar would be a laughing stock.
THUS IT IS NEVER BADNESS THAT IS THE DRIVE FOR ANWAR’S LATEST VENTURE, EVEN IF ANWAR IS BAD, IT IS NOT HIS BADNESS THAT IS AN ISSUE HERE BUT IF ANWAR TRULY DID NOT HAVE THE NUMBERS, HE MUST BE HALLUCINATING IN DANGER OF MAKING A FOOL OF HIMSELF OR HE HAS BEEN TAKEN FOR A RIDE BY BN MPS.
“I don’t think he has the names. If he does, I don’t think he would wait to inform the people” is the way Badawi usually speaks and reasons or argues. I am reasonably familiar with his utterance and I would say that is typically how he speaks, argues and attacks others. This way of speaking or arguing is rehashed, by rote and therefore he is a robot.
Syed Hamid: RPK’s articles ridiculed Islam:
Either Syed Hamid is a fool who does not know what he is talking about (that will end in insanity) or he is slandering RPK.
RPK never ridiculed Islam but he ridiculed the hypocrites who practice Islam in Malaysia.
THUS SYED HAMID IS EITHER GUILTY OF SPEAKING WITHOUT KNOWING WHAT HE SPEAKS ABOUT OR HE IS MALICIOUSLY SLANDERING RPK THAT CAN SEND HIM EVEN TO HELL.
MMLee: China not a new power but old power revived:
There are many who share his view because they are partisan and involved in this world.
What he said is actually of little worth and splitting hairs.
It is because he is attached to this world (and will return here again and again to suffer that he said so) that he is attracted to highlight that China is an old power whose star is ascending.
He may be deluded because rather than China’s star ascending, the economic and environmental turmoil will sweep China away just as it may be sweeping the US away.
SUPPOSE THE WORLD INCLUDING CHINA IS HEADING TO A PRECIPICE AND YOU THINK IT IS THE US’ STAR DECLINING AND CHINA’S STAR RISING THEN THAT IS DELUSION THAT IS NOT THE WAY TO HEAVEN.
What does it matter?
What does it matter if China is a new power or old power revived? Does it increases or decreases China’s power by one iota whether it is a new or revived power?
The difference is emotional or a matter of style. If you are siding with China, have self identity views (that the Buddha said is one of three lower fetters to future woe), then it matters because a revived power means China has history, has glory that ‘transcends’ the present and extend even to the distant past and you are proud of it.
WHETHER CHINA IS A NEW OR REVIVED POWER MATTERS NOT ONE IOTA IN TERMS OF ITS REAL OR IMAGINED PRESENT POWER BUT IT MATTERS IN TERMS OF EMOTION, SPECIFICALLY THE STIRRING OF PRIDE THAT CHINA’S POWER IS NOT JUST EMERGING AT THE PRESENT BUT EXTENDS INTO THE DISTANT PAST. AS A RESULT OF SUCH ATTACHMENT AND SELF IDENTITY, YOU WILL BE DETAINED TO RETURN TO THIS WORLD, NEVER TO ENJOY YOURSELF BUT TO SUFFER, EVEN WEEP AND GNASH YOUR TEETH.
TARP may not save the world:
Congress is balking at approving the Feds 700 billion dollar bailout plan and with some justifications. As the Economist says below, that plan will not necessarily save the world from financial Armageddon.
Economists: One fear is that Mr Paulson’s troubled asset relief programme (TARP) will be blocked on Capitol Hill. That is possibly overdone: the risk of being blamed for plunging the world’s greatest economy into financial ruin is a good incentive for all sides to reach a compromise. Of more concern is that the plan, if it were approved, would neither shore up the financial system nor save the American economy. On that point there is room for argument, and hence for more uncertainty in the markets.
Soros says Paulson’s making mistakes and vested:
On a brief perusal, Soros seems to say some of Paulson’s recent actions have been ill thought and could have been fatal and his desperate drive to blanket bailout the financial system is incorrect.
What Paulson proposed may not save the markets but it may be beneficial to the cronies at the expense of the public.
The fate of the world's finances is not in the hands of wise people but emotional, vested fools. From what he said, Paulson has serious false logic, what do you expect from people who consort with the Bush crowd?
Paulson Cannot be Allowed to Have a Blank Check
By George Soros
Hank Paulson's $700bn rescue package has run into difficulty on Capitol Hill. Rightly so: it was ill-conceived. Congress would be abdicating its responsibility if it gave the Treasury secretary a blank cheque. The bill submitted to Congress even had language in it that would exempt the secretary's decisions from review by any court or administrative agency - the ultimate fulfillment of the Bush administration's dream of a unitary executive.
Mr Paulson's record does not inspire the confidence necessary to give him discretion over $700bn. His actions last week brought on the crisis that makes rescue necessary. On Monday he allowed Lehman Brothers to fail and refused to make government funds available to save AIG. By Tuesday he had to reverse himself and provide an $85bn loan to AIG on punitive terms.
The demise of Lehman disrupted the commercial paper market. A large money market fund "broke the buck" and investment banks that relied on the commercial paper market had difficulty financing their operations. By Thursday a run on money market funds was in full swing and we came as close to a meltdown as at any time since the 1930s. Mr Paulson reversed again and proposed a systemic rescue.
Mr Paulson had got a blank cheque from Congress once before. That was to deal with Fannie Mae and Freddie Mac. His solution landed the housing market in the worst of all worlds: their managements knew that if the blank cheques were filled out they would lose their jobs, so they retrenched and made mortgages more expensive and less available. Within a few weeks the market forced Mr Paulson's hand and he had to take them over.
Mr Paulson's proposal to purchase distressed mortgage-related securities poses a classic problem of asymmetric information. The securities are hard to value but the sellers know more about them than the buyer: in any auction process the Treasury would end up with the dregs. The proposal is also rife with latent conflict of interest issues. Unless the Treasury overpays for the securities, the scheme would not bring relief. But if the scheme is used to bail out insolvent banks, what will the taxpayers get in return?
Barack Obama has outlined four conditions that ought to be imposed: an upside for the taxpayers as well as a downside; a bipartisan board to oversee the process; help for the homeowners as well as the holders of the mortgages; and some limits on the compensation of those who benefit from taxpayers' money. These are the right principles. They could be applied more effectively by capitalising the institutions that are burdened by distressed securities directly rather than by relieving them of the distressed securities.
The injection of government funds would be much less problematic if it were applied to the equity rather than the balance sheet. $700bn in preferred stock with warrants may be sufficient to make up the hole created by the bursting of the housing bubble. By contrast, the addition of $700bn on the demand side of an $11,000 market may not be sufficient to arrest the decline of housing prices.
Something also needs to be done on the supply side. To prevent housing prices from overshooting on the downside, the number of foreclosures has to be kept to a minimum. The terms of mortgages need to be adjusted to the homeowners' ability to pay.
The rescue package leaves this task undone. Making the necessary modifications is a delicate task rendered more difficult by the fact that many mortgages have been sliced up and repackaged in the form of collateralised debt obligations. The holders of the various slices have conflicting interests. It would take too long to work out the conflicts to include a mortgage modification scheme in the rescue package. The package can, however, prepare the ground by modifying bankruptcy law as it relates to principal residences.
Now that the crisis has been unleashed a large-scale rescue package is probably indispensable to bring it under control. Rebuilding the depleted balance sheets of the banking system is the right way to go. Not every bank deserves to be saved, but the experts at the Federal Reserve, with proper supervision, can be counted on to make the right judgments. Managements that are reluctant to accept the consequences of past mistakes could be penalised by depriving them of the Fed's credit facilities. Making government funds available should also encourage the private sector to participate in recapitalising the banking sector and bringing the financial crisis to a close.