Haha US

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

Now, just look at history and the last one is the Asian Financial Crisis of 1997/8. Now apply the above quotation. The IMF left the Asian countries then no choice but gave them the immediate medicine of the 1st alternative but instead of "a voluntary abandonment of further credit expansion" it was a mandatory contraction as a requirement condition of funding support i.e. belt tightening.

Whereas for the US getting into trouble because of too much consumption due to credit expansion is thinking of curing the problem by getting into more debts to stimulate the consumption to support the economy. Anyone with half a brain will know that it will be the 2nd alternative result in the making i.e. "or later as a final and total catastrophe of the currency system involved." Note that H. Clinton was in China asking China not to stop buying US treasuries.

Because the USD is the world's reserve currency, the recent strength of the USD is guaranteeing further economic deterioration as an important contributor to the continue down trend.

Going by earnings of S n P 500, the strength of the USD will further pull that down for sure to around 600.

The strength of the USD benefits all other countries except the US and therefore, the rest of the world will recover well before the US which will most probably be further into the lost decade as happened to Japan.

Note that South Korea recovered from the 1997 Asian Financial Crisis in about 2 years even after the country's balance sheet was completely wiped out. How? Auterity measures and a depressed currency stimulate the exports economy that quickly repaired the balance sheet. Neither Bernanke nor Geithner seem to understand economics 101 or they think economics 101 does not apply to the US.

Funny stuff

Dad showed me some funny stuff, too bad it's all in chinese... I don't have any Mandarin programs nor do I know how to use the programs... here's a rough translation in English... the other longer one I'll probably scan it in or something.

Said Also Don't Listen
Listen Also Don't Understand
Not Understand Also Don't Ask
Ask Also Don't Do
Do Also Do Wrong
Wrong Also Don't Admit
Admit Also Don't Correct
Correct Also Not Happy
Not Happy Also Don't Say

read already laugh like idiot.

Isreal and the Gaza conflict

I don't really have anything better to do.

The Isreal - Gaza conflict refers to a series of battles between the Palestinian militants and the Isreal Defense Forces (IDF) that began in mid-May 2007(wiki). The back and forth fighting between Isreal and the Palestinians have been going on for a long time, but the initial trigger for this conflict was due to terrorist cells(Hamas, Islamic Jihad Movement in Palestine) launching rockets into Isreal, which led to Isreal launching attacks against Gaza, an area that is currently being controlled by the terrorist group Hamas.

It actually sounds quite funny to me that people are crying foul over the fact that Isreal is attacking Gaza when the Isrealis are merely retaliating against a terrorist group that has been firing rockets at and into the homes of its citizens. If the Hamas/Gaza is so worried about having bloodshed then why don't they just stop launching rockets into Isreal? It seems to me that many media groups are painting an extremely biased picture of the current conflict.

Anyway that's it for the conflict between Gaza and Isreal, let me get on to bigger stuff. The conflict between Palestinians and Isrealis. Just FYI, the people of Gaza are Palestinians, and Palestinians don't like the Isrealis, there's some history on this. If you don't know anything about this issue you would probably want to stop reading now, but if you do know, or your interested in learning more than please continue. The Isreal/Palestine or Jew/Arab problem originally started somewhere in the 1948.

Lets have a history lesson for awhile. From 1917 to 1947 the region of Palestine was occupied by the British. The British had taken control of the area from the Ottomon Turks in 1917. Somewhere around 1947, the United Nations voted to divide western Palestine into seperate Jewish and Arab states. (This happened in the United Nations resolution 181), The Jews agreed, the Arabs did not. The Arab countries then proceeded to attack Isreal and urged the Palestines/Arabs to leave the country(This was also known as the War of Independence for Isreal), there was 5 or 6 Arab countries attacking Isreal. This created a situation where the Arabs who had left Isreal became refugees. It's interesting to note that although there were Arab refugees who had left Isreal, there were also many Jewish refugees who came from Arab countries. The official number of Jewish refugees, according to wiki is 856,000 and 600,000 of them resettled in Isreal and most of them have been absorbed into whichever culture/country that they have gone to. Whereas the Arab refugees, numbering around 520,000 (Israeli sources) to 726,000 (UN sources), considerably less, which begs the question of why they were not absorbed into the Arab countries, which are several hundreds of times larger than Isreal. The refugee problem has multiplied throughout the years... literally, as the current refugees are most likely 2nd and 3rd generation refugees who number in the millions.

to be continued....

Bad experience

Driving around during midnight... car was fucking attacked by 4 Malays on bikes. These people are getting daring, they actually hit the window on the drivers seat several times. Tried to ram one of the motorcycles, but I missed... I should have just chased them down and run them over. I actually wound down my window when the motorcycle tried to tail me, they tried to pretend to be a policeman. I can just imagine the sort of Malay people who would do this sort of thing, the Malay people in National Service comes to mind, this is just your typical Malay. The sort of bottom feeders of society, fairly common among Malay people. Anyone whose dealt with Malay people ought to be familiar with this phrase. "OI, nak gaduh? nak gaduh ah???". When their alone they become turtles, when their in groups suddenly they act like their some sort of bigtime gangster. Disgusting cowardly behavior.

Brings to mind one occasion my father's friend went through. Indian bastards came into his sundry shop and took cigarettes without paying. He used his 4 wheel drive to ram one of them into the wall. Over 200 stitches. The bastard was lucky to survive. The fucked up thing was that these group of Indians continued to go to his sundry shop to steal cigarettes, and the plain clothes policeman caught them red handed. My father's friend was released... Figures, bottom feeders of society are generally really stupid.


I'm turning racist, I used to be pretty open minded but the more I come out into society, the less confidence I have in humanity. Particularly Malays.

Race and the subprime crisis

I haven't been updating the blog lately. So here it is...

The success of a country has a lot to do with what race has the majority in it. Look at Singapore, Hong Kong, China, Taiwan, Vietnam, and to a certain extent, Korea and Japan( the Japanese people actually came from China a few hundred years ago. Don't believe me? Google it ). These countries are all either developed, or developing at break neck speeds.

Then take a look at the White people, Europe, America, and many other countries. The people are white, and the countries that they live in are all very successful.


Let's back track a little, and take a look at Black people, their usually a minority in whatever their country is in. Black people have the highest number of drop outs among all races, they commit the most crimes, and their neighbourhoods are drug dealing dens, their IQ is the lowest of all races. This is the wealthiest country in the world. If you can't make it in the richest country in the world, where else can you make it? They complain about racism and bias against their race and the fact that their a minority, many of them put the blame of their lack of success on white people, they claim that the CIA is distributing drugs to their neighbourhoods, that the Americans are suppressing the people and that the only reason black people are not successful is because their being suppressed. How true is this?


Does anyone know what the Sub Prime crisis is? This happened in the US, and was the result of banks giving out mortgages to people who did not have a good credit history. Is this a case of the banks being greedy? It seems like quite a big scandal doesn't it? A lot of blame was put on the banks for giving out loans to people who had no means of repaying their loans. Apparently it was because the banks were 'greedy' and they wanted more money. Let me enlighten you on what actually happened by taking a quote from Phil Town.

Since the mid-1990s there has been a concerted effort on the part of politicians and policy makers to force banks to relax their lending standards. The crowbar that was used to open the bank vault was the charge of racial discrimination in lending. A Boston Fed study seemed to show that racial discrimination was the single factor that resulted in banks lending less to blacks than to other races. The authors of the study below debunks that study, but from the date that it was blessed by the Fed, banks that wished to keep their standards for lending were in deep trouble.

The Fed proclaimed that banks must evaluate a borrower's credit worthiness based on cultural factors. Banks that did not do so were open to fines of up to $500,000 for "discriminatory practices". So the banks complied and made the loans to borrowers who, previously, would not have qualified as credit-worthy. The banks did so grudgingly at first, and then aggressively as WaMu and CountryWide used Fannie Mae as a source of funds for subprime loans (with Fannie's encouragement) and exploded their revenues.

The banks were forced to evaluate how credit worthy a person was based on cultural differences. Not how well they were able to pay their credit cards, not whether they deserved the loans because they were capable of repaying the loans. The loans were given based on cultural differences, aka skin colour. If you give a 700k loan to a person working in Wal Mart. It goes without saying that this is a loan just waiting to default. Bad debt coupled with the leverage going on in the financial system resulted in this massive mess the world is currently in.


Ok, back to the main topic.

Now let's take a look at Africa, the land of Black people. What is Africa synonymous with? Disease, poverty, violence, mob wars. It's a dozen countries in a country, civil war is rife. Life is nothing over there, everyday people die. The children have no food to eat, 10 year old children carry rifles to fight. Let's look back at the black people in America, hmmm.... it looks like they have it a lot better in America.

Now let's take a look at Malays, you can find many similarities in Malay people and Black people. For one thing, they blame their lack of success on the other more successful races. The difference is that while Black people can actually blame White people for suppressing them since their a minority, in Malaysia the Malays are blaming the Chinese for suppressing them economically when their a majority. Is this pathetic?

Now lets look at Indonesia. Some people might remember the Asian Financial crisis, the Chinese people were the scapegoats, Austronesian people slaughtering Chinese because of the Asian Financial crisis. What is Indonesia famous for? Again, poverty, clan wars, who do they blame for their pathetic state? Indonesia is a country that is very rich in natural resources. Timber, oil, quarry. They have a large amount of natural resources. Why are they still in such a pathetic state? This has always been a question mark to me. Everywhere you hear that everybody is the same, but you look at the Black people and Asians, and very noticeably, you can see that there are very big differences in physique, the top athletes in the world are usually black. The differences are obvious, why is it so hard to believe that there are differences in characteristics between races that cause certain races to be pre disposed to certain things. I am not discounting other factors, like education and culture, but to a certain extent, maybe more than a little, genes do matter.


PS: To anyone interested in the current financial crisis happening around the world. Read this to find out how it happened.

Gaining experience

My dad recently got a small renovation job, since I don't have anything to do lately, and I've really not been doing much at home, my father asked me to go over and look at how the renovation is going on, look at the steps they take to renovate a house. How the form work is done, tiling, plastering, carpentry, hacking, plumbing, brickwork and all that sort of thing, so I can get a general idea of how everything is done, that way if I ever want to renovate I won't get cheated, or at least that's the reason my dad gave me.

It's been a pretty good experience for me, I've learned slightly on how to deal with the workers. I've begun to have a basic grasp on just what there is to do, and how it is done. It's really a matter of knowing what to do, a lot of the things that are done during construction, my father learned on the job, and his teaching me a lot of this right now, I suppose a lot of this knowledge is not taught in books, and if someone new were to come out and try and do this, a lot of problems might occur, just because they didn't know some simple things. Sometimes it's just a matter of whether you know how to do it or not.

Something about the renovation job... The clients for this job, a retired couple, Mr and Mrs Ng, they come and check the work every single day. Their retired so they have plenty of time, but I really can't understand how they find so much time to come every single day. I've been pushing the work a long time, and it's moving at a ridiculous speed, this work was probably going to take around an excess of 1 month to complete, I'm gunning for 2 weeks, and my dad tells me if I can keep this pace up there will be no problem. Although I think I'm pushing the workers too hard, I hope their not going to go on strike, then my dad will kill me.

Just something that I've been thinking about. I tend to get this feeling when I'm talking about qualifications and the like with some people, I was talking to the client and I mentioned that one of the reasons many people have said to me is that with only a diploma, I might get looked down upon, and there is this really uncomfortable short silence. I didn't realize until later that maybe they were thinking that I was referring to my father... Although my father is currently working as a contractor, he studied in the UK and came back with a civil engineering degree, his recognized by the BEM(Board of Engineers) as a consultant, at one point he was working in JKR(Jabatan Kerja Raya) and was the temporary head of JKR. What he is, is an overqualified constructor, but his dealing with high end banglo jobs these days. My family isn't really rich, but we aren't struggling either.

The only gripe I have is that I have to be at the site at anywhere from 8 ~ 9AM until minimum 6PM, and sometimes even 8PM. That's 10 to 12 hours a day. I don't have much to do there, and it's eating up my time like crazy.

edit: Board of Engineers Malaysia is BEM, not BOE.

Back from China

China is a big place, I went to Guang zhou. Stayed in a hotel called Lido that was right in the middle of the city.

China.... the first thing that came into my mind when I looked out of the hotel window is just how many high rise buildings they have in Guang Zhou, I'm not talking about Beijing, Shanghai or any one of the major cities. This is just another city in China, and I counted more than 30 high rise buildings just from outside the window.

China is just amazing, before coming to China I was expecting to deal with rude people. I didn't really have any good expectations, and then I go to there and find that their probably even more advanced compared to KL, and Guang Zhou isn't even their main city. Everyone is saying how fast China is growing, you don't really understand just how FAST their growing until you actually go there and see it with your own eyes. The shopping there is fantastic, it's cheaper than Malaysia, and their not selling you poor quality clothing, the clothing can range anywhere from 10 yuan to 120 yuan, depending on where you go for shopping.