(Reply by kc tan: Very sweeping statement and blatant putdown verging on pointification from a high horse. As a Singaporean based in China i know that Singapore's cost factors in terms of food, clothing, shelter and transport are 4 to 5 times more expensive than China, but our earnings are 5 to 8 times higher. We just need to be pracmatic… go higher on the value chain be competitive in labour(import foreign labour), quality and service. Painful adjustments and still in Singapore we have blindspots…Basic truism: "Nobody is perfect, no system is perfect and no government is perfect" my perennial quote at Speakers' Corner Singapore.

China just have a vast labour force and hence very competitive. Let's not forget that IBM, Microsoft, Wal Mart, McDonald and Kentucky, etc have huge operations all over China. Exploitation? No!! It is pracmatic utilisation of effective cost factors of China and local market demand…

China has a huge market and her potential "farm labor" shall be your consumers of tomorrow, which i truly believe shall take up the economic slacks in the years to come… So?! The point is that your computer needs rebooting…???)

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To solve this financial problem two things need to happen:

-

We need to ditch the fractional banking system which uses deb as money & we need to have a high minimum standard of human rights, world wide.

(Reply by kc tan: Right USA has just "exported" or spread the contagion results of loose credit, breakneck leverage of derivative products or securitisations of martgage loans to the whole world. Introspections are in order?

The most important human right is to have a job. Let's reflect on this USA biz model: "if make profit then do business", China biz model: "provide jobs even breakeven will do business" )

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If economic slaves in sweat shops in China are putting economic slaves in sweat shops in India out of business, then how will economies in the west ever compete?

(kc reply: i have not been to USA for more than 20 years, but had been following the markets for 28 years, so i need to reboot my computer about USA too…are there Mexican or Hispenic labour in the USA?)

We need to ensure everybody is treated properly in these slave states. If we do nothing then our children will not have a future either – wake up people!

(kc reply: Agree up to a point…seems to be darkeness and all, where is your light? The rest of the world nations have to accept USA cost factors and standards?)

-

-

Check out the root cause of this financial crisis “the fractional banking system”.

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Go to google video and type in “fractional banking system” to learn how we all, including the middle class, are slowly being enslaved by debt – needlessly.[/quote]

In brackets annotated are kc's reply

Regards

kc tan

McCain's Campaign TIES TO NORTHWEST AIRLINES (Official airline Carrier of McCain Campaign) at the Root of Murder attempts upon our We have received email threats from FBI, and by way of phone, including threats from FBI agent Steven Davis referencing McCain as a “Very good friend of his” amidst repeated lawless no warrant, no charges attempts upon our persecution, kidnapping and murder here in Canada, attempts upon us beginning one year ago-the ear mark of the McCain campaign.

Northwest Airlines has been sued in the past via ACLU, was in bankruptcy protection at the time of the attack, and is now not only in a delicate merger with Delta, but the official carrier of the McCain campaign.

Ties between McCain/Republican Campaign and Northwest Airlines, the official Airline carrier for their campaign, coupled with the fact that McCain’s top executive legal council have Northwest and U.S. Chamber of Commerce as their top two clientele as exposed on the following sites: http://mccainsource.com/corruption?id=0006 and http://tpmcafe.talkingpointsmemo.com/talk/2008/08…

McCain well known for his *volatile temper (according to over 30 civilian and military sources)*Keaing 5 Scanadal, Investment savings and Loan, and his Exxon Oil 4.3 Billion tax relief initiative under the bailout.

Stepping on McCain's Corrupt corporate agenda has precipitated attempts upon our lives:

By lobbying against his airline, more pressure has been brought to bear on the sensitive Northwest Air Delta Airlines merger currently ongoing hanging precariously in the balance, the airline finally out of their state of bankruptcy protection, which prompted the original attack upon us in Jan 06- it was a retaliatory attack in response to our having filed a written complaint against the airline for lying to my mother and I about why our baggage had not come off the carousel, she and only to find we had been profiled, the baggage locks cut and searched through with a note appended to it as such. As a civil action against the airline still amidst bankruptcy protection at the time did not bode well for corporate interests at hand, retaliatory entrapment ensued and only after my mother and I had successfully passed through security and were already on board, did stewardess Sherrie Caudill accuse her of harboring a “suspicious bag” following which U.S. airport police boarded and an attack ensued.

I had been assured I was not under arrest had not committed any crime and was not being charged- but could not return to Canada and would have to de board. Prompting them to simply give explanation of under what authority they were then acting, they did not respond and instead lit into me with a barrage of tasings and brutality leaving me bloodied in the isle, my mother looking on in horror, whereupon they then attempted to confine her to the plane when realizing in horror, that she was family as witness.

Extensive extrajudicial persecution (framed, covert tribunal housing FBI and Northwest Airlines employees on a illegitimate “jury pool”, threats, stalking, sabotaged mail etc) prompted us to expose their crimes on line.

This spawned repeated attempts via cross border collusion towards our kidnapping or murder by *criminally charged local Canadian Winnipeg police (acting covertly without warrant or charges) on behalf of U.S. judicial and corporate factions including FBI CIA and NSA, in attempt to silence us.

FBI Asset Winnipeg Police Chief Keith McCaskill: Local Canadian Winnipeg police remain motivated by a close affiliation with Minneapolis Police: Winnipeg Police Chief Keith Mc Caskill is president of North West Chapter of Associates FBI with Minneapolis Police affiliation and was referenced by police upon the first kidnapping/murder attempt. Family Friends Associates threatened, terrorized now 3 years ongoing as police use many covert tactics in order to effect attempts at kidnapping, havening necessitated my going into hiding in remote locations for extended periods of time. Family and I have been traumatized, I with 12 trips to hospital with Heart Attack symptoms via combination of the effects of the tasing attack and ongoing persecution and my 64 year old mother's health rapidly deteriorating.

Our Contact Information:

Aaron James 204 296 6497; Linda James 204 509 9144/ 204 889 9134

e: resist1000@usa.com, gmail: jim457986@gmail.com ; Lindajames@mts.net

Chinas wealth is built on slave labour & selling products far cheaper than even slaves in India can make for.

-

-

-

To solve this financial problem two things need to happen:

-

We need to ditch the fractional banking system which uses deb as money & we need to have a high minimum standard of human rights, world wide.

-

If economic slaves in sweat shops in China are putting economic slaves in sweat shops in India out of business, then how will economies in the west ever compete?

-

-

-

We need to ensure everybody is treated properly in these slave states. If we do nothing then our children will not have a future either – wake up people!

-

-

-

Check out the root cause of this financial crisis "the fractional banking system".

-

Go to google video and type in "fractional banking system" to learn how we all, including the middle class, are slowly being enslaved by debt – needlessly.

The USA 2008 Wall Street financial meltdown is unprecedented, with implications reverberating around the world. Granted the concerted efforts and measures by the central banks have temporarily received rallying support by national bourses. However, more events and serious consequences should be anticipated. . .

1) Ominous Warnings by Financial Chieftains

When the Federal Reserve Board and IMF chiefs warned to expect the imponderable, the guts response was “USA goes bankrupt?” The collapse of financial institutions is but symptom, stock markets spiral downward are signs and the contagion spreads to Europe and Asia. The sickness is reckless over spending and irresponsible racking up of debts. Since 1989 a debt clock had been showcased in New York as an unabashed tourism gimmick. Recently the electronic display clock counter had ran out of space to display the 1 trillion dollars or U$1,000,000,000,000/- debt.

2) US Dollar Is As Good As Gold?

In 1971 Nixon dismantled the Gold Standard when certain European nation asked for their US dollar holdings to be exchanged for Gold, he refused then he announced that the US Dollar was as good as gold. The most poignant caricature was when he stuck up two victory signs with his left and right fingers said, “Let me tell you this,” and looking at his right victory sign he said, “about that.”

Now on every dollar note in circulation, the motto or slogan is “In God We Trust”, perhaps the third Commandment should be revisited? Maybe judgement has already called…

Should we still have faith in the US dollar? The short reply is, “If you still insist on dancing with Uncle Sam, be sure to dance very, very, very close to the exit!!”
If you need a longer discourse, then read on to assess for yourself what gems of truth, opportunities or falsehoods and risks there may be…

3) The American Saga What to Expect?

There should be at least 6 happenings in the market for the American Saga of Excess to play out: -

3.1) Corporate and USA institutional bankruptcies become widespread from big to small entities. We should realise that market rescue funds are neither panacea nor quick fix for a sliding super-bear market. Confidence is the key, and it has been thrown out of the window.

3.2) Contagion spreads to Europe and Asia affecting the rest of the world nations and even affecting daily living: cooking oil, and grain prices…

3.3) Final realisation that USA is bankrupt, and that all nations’ central banks are holding the US of A dollars just because everybody had all along accepted the US Dollar as the Reserve Currency…that it is a fossilised fixation of the mindset would be the greatest understatement of the millennium perhaps a paradigm shift is in order?

3.4) Call to establish a “global currency” as a reserve currency for central banks. The fundamental flaw of using one currency as a reserve currency is suspect. The US dollar is arguably a rogue currency.

The unique status of US dollar being the world national central banks’ reserve currency has unwittingly lured the United States like a frog in a slow fire cooking pot into overspending and debt ridden economy under the dubious distinction of savvy financial engineering, and “spending out of our debts”.

3.5) If the global national central banks bail out the United States debts by buying US issued bonds, bills and notes or the US turn on the printing press by issuing new dollars. Who is going to pay for the American debts eventually?

It would be a deadly musical chair or Russian roulette, which few will have the gal to play. Could it then be an offer, which nobody can refuse? This soul searching process is going to be froth with uncertainties and turbulence in the financial markets.

Indeed how will inflation play out, and what should be the value of the US dollar? Hold on to your seat of this American roller coaster ride…the seat guard rails are faulty!!

3.6) The new world monetary order should see China emerging as a leading world economy, financial and capital market. After 2010 Shanghai World Trade Fair China shall have well established trade relations worldwide. The overseas supply of resources and local consumer market match should stand China in good stead.

Internal consumer demand by the 800 million farmers may well be the saviours of the world economies or at least the economic engine to spur China’s economy along with respectable GDP. They will not be peasants forever… they shall be rural folks and respected farmers with the simple advent of mechanisation and food technology.

Food supply shall become a strategic security, let alone crude oil supply. The Chinese people know historically that whoever controls the food supply controls the people’s support.

4) China Can Weather and Defend the Contagion from USA?

Does China have the requirements to weather and defend the financial meltdown contagion from USA? China has 1.9 trillion dollars (U$1,900,000,000,000/-) foreign reserve, foreign exchange control and strong fiscal surplus to defend and weather the contagion from the United States. Moreover, China owns U$519 billion worth of US Treasury bonds the second largest creditor to USA after Japan.

China has the courage, ability and foresight to deal with crises and challenges. The management and rescue operation of the SiChuan earthquake, the response of the victims and the rescuers amply reflected courage. The successful hosting of the Beijing 2008 Olympics and ParaOlympics and the advent of Shanghai 2010 World Trade Fair surely underscore China’s ability unreservedly. The ShengZhou 7 space walk had its roots in the 1955 foresight to embark on rocketry technology and launching of her first satellite DongFang Hong in 1970.

Since 1997 Asian Financial Crisis China had acted in a responsible and exemplary manner. She confirmed her revisionist policy of returning HongKong and Macau back to her fold. China stood her ground by not devaluing the Yuan, and mounted a classic operation of supporting the HongKong stock market. Her actions averted further meltdown of the Asian financial markets. For the last 10 years China had done what was necessary to establish her economy, financial market and capital market.

5) We should better ask what USA did?

Stoked global inflation by overspending and creating the mortgage loan credit bubble, and property bubble, which crashed on the world financial markets?

i hate to say this, but it is a fact we have to face in the “free world”.

These excesses verged on the exploitation of the US dollar’s unique status as a foreign reserve currency. The irony is that all the nations around the world are held to ransom because their respective central banks hold US dollars in their foreign reserves.

i sincerely believe that if we don’t have a deprecating sense of humour, we shall all be stark raving mad!! So in a lighter vein…

Humpty Dumpty sat on a wall;
Humpty Dumpty had a great fall.
Threescore men and threescore more,
Can’t place Humpty Dumpty as he was before…

6) Emergence of A New Global Monetary Order

Inevitably some soul searching will have to be done to assess the appropriateness of using the single currency US dollar as reserve currency for the central banks of world nations.

The failed role amongst the Federal Reserve Board, the US Government and Financial Market Regulator and International Monetary Fund to safeguard the financial market will no doubt be scrutinised.

Had the IMF been even handed in regulating members of Asia, Europe and United States?

How and why did IMF failed to regularise the United States’ excesses in her monetary policy?

Should the IMF role be redefined or empowered or even replaced?

A replacement global currency or monetary model should eventually be crafted and implemented worldwide. This shall inevitably pressurise the US dollar resulting in gyrations in the forex market.

Perhaps a revamp of the world monetary system shall be the order of the day.

7) Super Inflation…Recession…Slow Economic Recovery

The meltdown in the financial markets will translate into economic malaise: inflation, food and energy prices, business failures, decline in growth, loss of jobs and income. The recovery could be long and strenuous. The patterns of recovery may be U, V, L, M, W or a combination.

My choice is an upturned goal post with no cross bar…don’t know how to call it, anybody’s guess is just as good though.

Somehow the USA economy and financial markets have to be put through a mangle for a thorough wash and wring. How should USA tame inflation and settle the debts, and restore investors’ confidence? Let’s hope that Uncle Sam can pay the laundering (no misspelling here) bill.

Why “laundering”? The world nations may have to lend her good money to cover squandered money.

8) What X-factor Does the Chinese Have to Create and Retain Wealth?

The Chinese has a wealth of software in the form of philosophies from sage educators, military strategists and philosophers. They are industrious and intelligent with valuable software to retain their wealth.

Very quickly they have owned up to mistakes and transparently right the wrongs. They have conducted themselves with prudence and dignity.

Yes, of course there are still problems, which nation has not, try and cast the first stone? The basic truism is every nation has blind spots. The crux is to be able to own up to mistakes and right the wrongs. China can do and is fast to deliver.

9) What Can We Look Forward To In This Bleak Hour?

To borrow a poetic line:

“Winter is here, can Spring be far off?”
“The moon at its darkest shall begin to glow…”
“Dawn is the break of the darkest hour of night…”

10) Adages: How to Bargain Hunt or Not to Bargain?

In buying property the adage is location, location, and location. When buying collectibles it is real, fine artwork and good as new condition. For investment the adage is homework, homework and homework.

After doing homework and convinced about a stock’s fundamentals consider at least a 10 year price chart, better still a 12 years chart from 1997 to 2008.

Note the high and low prices for the period. If the current price has dropped from the peak by 60% or better still 80% that is if the peak price is 100 then it should be trading at 40 or 20 respectively.

Entry at current price level should have a potential of making 150% to 400% if the stock rise to the previous peak. The risk reward ratios are 1:1.5 and 1:4 respectively.

No need to hurry, take your time and pick your bargains. It is going to be a long drawn recovery… How to manage greed and fear is the crux. Nobody can teach us, it is a process of experience, which has to be earned…

“May you attain the realisation that we own nothing, and yet blessed with everything that you need.”

KctFtUsa20081016

If the US government (at least the incoming administration soon after taking office) doesn't incarcerate a significant number of white collar criminals in the US and impounds their assets (both from the private and the public sectors; entrepreneurs and politicians alike, at the highest levels, whether members of the Illuminati clan or not) who are to blame for unfair business practices, political corruption, insider trading, favoritism on juicy war and other public contracts, self demolition of buildings and institutions, abusive secrecy about relevant information and technology that should be made public for the advancement of mankind (i.e. the Disclosure Project), including all sorts of tax / financial simulation and manipulation schemes, which combined blatant crimes have led the US to this collapse, and whose conduct is legally sanctionable by law and in equity, so as to demonstrate that there are rooted solid principles in the US legal system, sufficiently strong and valuable to shelter those main street citizens who abide by decent standards of living, and to punish wrongdoers until they repair the damage, with punitive and decisive action, the conclusion is simple: NO MONETARY BAILOUT WILL EVER BE ENOUGH FOR THE US TO REGAIN CREDIBILITY, because it is conducted at the expense of innocents and for the shared benefit of criminals. That is abuse of power … pure and intolerable injustice. If the Judicial system remains a silent puppet, just as the two other branches of government have clearly become noisy ones, the free fall of this crisis will not end, because what is being done is simply immoral, no matter how it is labeled or justified.

THE WORLD URGENTLY NEEDS A MORAL BAILOUT, and both the US Executive branch and the Legislature (composed of politicians mostly interested in their selfish careers, and not in the common good as public servants) don’t seem to have a clue of what that means or how to implement it, except with more of the same which wont solve the roots of the problem.

It is the Judiciary (not composed of biased politicians but by persons of allegedly good moral character with standards of ethical behavior), through the Supreme Court, the branch of government that is constitutionally in charge of administering Justice, so IT IS ABOUT TIME FOR THE JUSTICES TO DO THEIR JOB and save us all from what is coming.

Regardless of the merits, the US achieved international respect when President Nixon was impeached, which led to his removal from office after Watergate. During the last few administrations all kinds of lies and deceit by Presidents in the US have not been sanctioned and have not only been tolerated but continue to be even applauded, with a much worse component of dishonesty than the Nixon era, including shameless ridicule, so the outcome is exactly what we have and where we stand right now: economic, political and moral decay.

If a country has the government it deserves … there's no more time to waste and the US as a country should regain worldwide credibility, because further delays in taking effective action with a principled bailout will unfortunately turn over governmental leadership to others abroad, just to save those few liable criminals in-house (politicians and bankers), and that will be at the expense of freedom and international peace, let alone the continued bankruptcy trends of the US economy and its political system, fundamentally due to more than obvious moral insolvency from the top down.

Eric Coufal, Esq.

Attorney and Counsellor at Law, admitted to practice in Mexico,

and in the United States, by the New York and New Jersey Bars