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Saturday, February 27, 2010

Obama Healthcare

Family Facts: Social Science Research on Family, Society & Religion:
Video: Reconciliation Maneuvers Around Will of the People | The Foundry: Conservative .. ..

12 Days of Obamacare
Obama-Care parody:
Rush Limbaugh on Obama...
Hitler on Obama Care:
Hitler Reacts to Barak Obama wins Nobel Peace P...
Drop royalty demands, accept goodwill payment, Nik Aziz told

Gearing for a new world order
US growth likely slowing after big year-end spurt
Expert answers to the global meltdown

Wednesday, February 24, 2010

Useless Stimulus Package

I am with Rush Limbaugh:
200 World's Best Economists say stimulus won’t work | STLtoday:
Economists say stimulus is crap:
Nobama Network

Nobama Network - Dedicated to save USA from power drunk Democrats on a spending spree:

OBAMA'S CZARS - The influence at the White House
We are all Americans!:
Gateway Pundit:

Scores of Sabah youths living like beggars in KL after losing jobs

State of the Union Address 2010 with Closed Captions (CC)
Obama Bumper Stickers. Do you want Homeland Security placing
Malaysian Matter: Murder of Altantuyaa - In Wikipedia, :
Malaysian Military Scandals

mpeach Obama Bumper Sticker -- Already?
I am with Rush Limbaugh:
Impeach Obama Bumper Sticker -- Already?
Glenn Beck The US National Debt Clock with Cha...

American National Debt Clock
$78.8 Trillion; United States Debt Obligations ...
Glenn Beck on US is Technically Bankrupt
The Great Global Exposure to Derivatives: USD 1,600 Trillions

Glenn Beck The US National Debt Clock with Charles Payne:

The inevitable collapse of the dollar:

Economy In Crisis | America's Economy:
American Economic Alert - Trade News, Opinion, Globalization Follies and Factilines Updated Daily:
The inevitable collapse of the dollar:

The Forgotten Debt of USA:

Drowning in Debt
The White House is Putting the Cart Before the ...
David Walker
Unfunded obligations

How a Law is Made
Dirty Little Secret - Universal Healthcare? Soc...
The Most IMPORTANT Video You'll Ever See (part ...
The Truth About The Economy: Total Collapse

Universal Health Care... Why it is a bad idea.
Why We Need Government-Run Universal
Why We Don't Need Socialized Medicine
Social Security Ponzi Scheme
Max Keiser: Social Security is the BIGGEST Ponz...

Social "Security" -- a scam from the get-go
FreedomWorks | Lower Taxes, Less Government, More Freedom:
The National Debt Road Trip
Health Care Reform Cost Visualization

Obama Budget Cuts Visualization
Funny Political USA Videos:

Tuesday, February 23, 2010

End of Happiness

Big Government:
Competitive Enterprise Institute | CEI:
Story of Stuff, The Critique Part 1 of 4 — Monetary science applied to current events focusing on the role of gold and silver..:
Peter Schiff Moneybomb January 17th 2010

Marc Faber - How 2010 Will Pan out
Predictions for 2010 - US Default is an option
The United States and 2010
Mainstream media, do you still trust them?

2010 "No Brainer" Economy Predictions
Gerald Celente Top 10 Predictions for 2010 (1) ...
United States economy in 2009 2010 and 2011
Max Keiser takes offense to Goldman Sachs story...

Peter Schiff: The Dollar is now collapsing | Pa...

Gold Market Manipulated? Max Keiser Explains....
Marc Faber predicts economic disaster in 2009
Marc Faber
Gloom Boom Doom Report:
Leo Zagami, A former 33rd degree Italian Freemason: 1/18
Glenn Beck The US National Debt Clock with Cha...
The President Who Told The TRUTH

Danny Deconstructs the Mainstream Media
Youth Fight For Jobs national demonstration Nov...
Big Journalism:
Marc Faber on US Bubble, ...
American National Debt Clock
National Debt- How Much Is A Billion Dollars? D...

824,000 Jobs Lost
It's Up to Us
Sexual Hypocrisy and the Religious Right - Max ...
Does the Media have a Double Standard on Israel...
Noam Chomsky Compares Right-Wing Media to Nazi ...

Are Human Rights Fundamental to Democracy?
Max Blumenthal on "Rick Warren's Double Life"
The coming collapse in real estate
Lee Doren Speech at the Bill of Rights Tea Part...
Take Back America 2007: The Censored Documentary

In the Land of Queen Esther: The Unauthorized S...
Sarah Palin- Our Modern Day Esther
Americans are NOT stupid - WITH SUBTITLES
Social Satisfaction:
Gerald Celente Trends Forecasts coming true yea...
Max Blumenthal:
The Party is Far From Over:
Plans to Hide Commercial Real Estate Losses Won’t Avert a Double-Dip Downturn
The Essential Eight: The Only Economic Indicators Investors Need to Know
Martin Hutchinson:

US bank lending drops by US$587 bil to 68-year low


Monday, February 22, 2010

Big Government

Big Government:
What Does The Federal Budget Freeze Look Like?
Budget Freeze Won't Fix The Debt
Defeat the Debt:
824,000 Jobs:
Jobs Loss Graphs:
Block EPA:

Katie Couric:
Obama is a Slow Learner:
Internet and Depression:
Keith Olbermann:
RedLetterMedia Review of Avatar:

Lee Doren on Glenn Beck Talks about The Story o...
Story of Stuff, The Critique Part 1 of 4
Lee Doren Speech at 912 March on Washington on the Capitol:


David Jeremiah (davidrj54) on Twitter
The Great Global Exposure to Derivatives: USD 1,600 Trillions
Visa Corporate:
Health Care Plan Poll: Favor / Oppose:

Unhappy Stimulus Anniversary:
Daily Source Code 792:
Stop Dumping Money Into A Giant Hole?:

Great Credit Contraction Liquidity Pyramid:

War Economy

Unprecedented Financial Scandal - A Whopping RM8.4 Billion of Non-Performing Loans

By Matthias Chang

Thursday, 26 November 2009 19:11

Why has Bank Negara been keeping quiet all this while?

It is often said that the best time to announce bad news is just before the weekend or public holidays.

So it came as no surprise that CIMB Group Holdings Bhd (the country’s second largest financial group) decided to drop the bombshell that they have on their books a whopping RM8.4 billion non-performing loans (NPLs) knowing that it will be a long weekend following tomorrow’s public holiday – Hari Raya Haji! How very clever.

But this scandal will not go away, that’s for sure!

This amount of NPL is historic and unprecedented in the Malaysian banking industry.

The New Straits Times reported that a special asset management vehicle will be set up to acquire the said NPLs – the Southeast Asia Special Asset Management Bhd which will be wholly owned by the group.

These NPLs represent 45,000 accounts which have been written down to RM928 million net book value!


Why this announcement now?

These NPLs must have been in the bank’s balance sheet for quite some time. Recall that way back in early 2008, I had warned that Malaysian banks are in deep shit following the global financial tsunami, but the authorities, namely Bank Negara (National Reserve Bank) and the Ministry of Finance denied that such was the state of health of our banks and declared that everything was under control and that NPLs were within tolerable limits.

It was gross misrepresentation. It was also irresponsible.

If CIMB is in such deep shit, expect other government controlled banks to be in a similar predicament.

The decision of CIMB to park the NPLs in a special vehicle wholly owned by the group has not resolved the problem, as what this means is that the toxic waste has been transferred from the right pocket to the left pocket and by this sleight of hand, the bank is now deemed healthy!

If you believe this fairytale, you might as well cease to be an investor and/or trader in banking stocks! But what is more frightening is that these NPLs’ net book value is a mere RM928 million.

We can only draw one conclusion – these 45,000 accounts are not your ordinary loans to consumers (consumer banking) or small business loans (SME loans) because if it was so, there would be adequate securities in the form of landed properties (i.e. charges and/or mortgages) and or debentures.

I stand to be corrected, but these must be loans for “trading” either for the stock market or investments in debt instruments. Even if it is not and whatever may be the case, this huge black-hole is a scandal and the management must be brought to account for this sordid state of affairs. Heads must roll. CIMB is a GLC (government linked company) and therefore taxpayers’ monies are at stake.

The timing of this announcement, in the last quarter of 2009 is also significant. If as I had expected that the first quarter of 2010 leading to the second quarter will be the start of the second wave of the global financial tidal wave, then this tactical move by CIMB Bank is a pre-emptive move to cushion the inevitable fallout.

The Governor of Bank Negara must offer a public explanation as to how she has allowed and/or tolerated such a state of affairs and why no remedial actions were taken earlier. CIMB Group Holdings Bhd is the country’s second largest financial services provider and for this to happen at such a critical time is mind-boggling.

One cannot but conclude that whatever reforms and or so-called measures to ensure the continued good health of our banks are all talk, more talk and nothing else.

This issue must be debated in Parliament.

Bank Negara is supposed to be the watchdog of the banking industry. It is high time we have a watchdog to oversee the watchdog!

CIMB had Rm8.4 Bil NPLs. You can guess - All the Banks together will have Rm 40 Bil - NPLs. And that is why they propped up the economy with Rm 67 Bil and most probably another Rm 67 Bil will be pumped in over the next year. Why worry, the Rakyat will pay for it over the next 30 years ! Moreover, BN has the perfect excuse - even USA is doing it.

We are Moving in towards 1 World Government.
2009 was Beginning of 1 World Government. Not 1 Malaysia. 1 World.
The Government always withholds the news until a convenient time to
break it.

Q.Are we heading for an economic collapse as well ?
A.Ha Ha. The Global Economy has already collapsed.
You are now living a Bluff Economy or War Economy.
1)If you stop doing what you normally do - Your Personal economy collapses.
2)You do more but achieve less.

Q. Is there a solution?
A. Of course, Nobody can dam a river forever.
Nature will take its course and find another way always.

Q. What about me?
A. Don't Panic. Maintain your health and Mental Composure. Be a Good Samaritan and Educate the Public - 1 person at a time. for numerous references on the New World Order.

1. Today's Headlines - Najib calls for New Economic Model.
2. 25,000 Malaysians Professionals leave Malaysia per Month,
for a career overseas. Today's Star:

I believe The Socio-Cultural Landscape of Malaysia in 2020 will be very different - meaning 50% will be foreigners.

Q. What War Economy?
A. Global Expenditure on Military is USD 1 Trillion. USA Expenditure on Military is 50% of that. Why? 7 of the richest men in USA can buy 40 Nations. But that is paper wealth. To protect the Paper you must have military.

The rest of the world are not allowed to think for themselves "a new economic model". If they don't submit to the WTO - World Trade Organisation - A Mafia type Organisation, they will be ostrasised by no investment, etc. The Government is paralysed and the opposition is instituted. E.g. are there all overthe world from Cuba (1959) to Latest Afganistan (2001). More people have died in wars over the last 60 years than World War II i.e. about 30 Million. This war is more dangerous than open war because we do not know why we are suffering and so we cannot correct it. Visit: Foundation To Criminalise War:

We are not "heading towards" 1 World Government. The President of European Union has already proclaimed in his speech that "2009 is the beginning of 1 World Government".

There is Really No way to repair the damage done in the last 2008 Economic
Crisis. US National Debt as announced by the US Government is 12 Trillion.
If you ask the Malaysian Financial Experts they will say, "US National Debt
is 100 Trillion. If you Check with Financial Experts Following The Global Hedge Funds and Derivatives Market Exposure, "US National Debt is 1 Quadrillion
i.e 1000 Trillion !!!!

What the world Governments are doing now is trying to cook the books, share the blame and distribute the debts among 200 Countries and also give some benefits to countries that share the US Economic Burden. So Negotiations are under way at high levels now especially with China and India. If things don't work out well, chances of another catastrophe is rife within the next 3 years.

To cut a long story short; all the Governments in the World were partners in the crime of destroying the Economy. We, by virtue of accepting the governments standards are also fellow partners in the crime. We drank from the same cup!

Homes for People with Disabilities (PWD)

"The Greatest injustice in developing countries is that the connection, between behavior and reward, is LOST." Bill Clinton

Peter Schiff was Right

The US Collapse Of 2009 - This Will Blow Your M...
The Next Housing Crisis/Collapse - You Have To
Financial Truth:
Unhappy Stimulus Anniversary:
Peter Schiff for Senate 2010:

Peter Schiff was right 2006-2007 - CNBC edition - Nov 2007
Peter Schiff Was Right 2006 - 2007 (2nd Edition) - Nov 2008
Peter Schiff predictions - Jan 2009
The US Dollar collapse starts now! - Peter Schiff - May 2009
Peter schiff: Dollar collapse
Dollar pounded again and CNBC still doesn't get it.:

Peter Schiff Was Right Again
Peter Schiff Was Right 02-09
THE FED DID IT!!! Ron Paul & Peter Schiff Were Right! ...
BBC Business Daily: Why recessions cure sick economies (Peter Schiff is
Peter Schiff was right, reloaded

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The Dollar is now collapsing - Peter Schiff | Part 1
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Hyperinflation Nation Part 2/3
Ludwig von Mises Institute -:

Campaign For Liberty

The Next Housing Crisis/Collapse - You Have To
Peter Schiff 2010 Predictions | January 4th 201...

Saturday, February 20, 2010

Chossudovsky: US will start WW3 by attacking Iran
RussiaToday's Channel:
President Obama Addresses Business and Tourism ... World War III will start with Iran: The Recovery Act Year One Part 1| President Obama Remarks On One Year Ann...

The Banker Bailouts - Michel Chossudovsky on Economics 101 Michel Chossudovsky | 011409 Public Lecture "The Global Financial Crisis" WAR,GLOBALIZATION, AND NEW WORLD ORDER:TRUTH BEHIND 9/11 Michael Chossudovsky: "The war on terror is fabricated" P-1 William Engdahl: Wall Street in death agony as

Peter Schiff Was Right 2006 - 2007 (2nd Edition) Economic crisis ten years of hell? Extent of the Economic Crisis - Stephen Roach Understanding The Financial Crisis--For Kids and Grownups Did You Know; Shift Happens - Globalization; Information Age
The Financial Crisis...Simplified Ron Paul on the Global Financial Crisis Niall Ferguson: The Global Financial Crisis Global Financial Crisis Explained Your Media: Global Financial Crisis - One Year On
Dominique Strauss-Kahn on the global financial crisis
global financial crisis: AIPAC is pushing us to
Alex Jones on Russia Today: Plane crashes into IRS/CIA complex ParadoxalWorld

The Obama Deception HQ Full length version