Global Economics and You

A MAJOR GLOBAL ECONOMIC TRANSFORMATION POWER GAME IS EMERGING FROM THE ASHES OF THE 2008 GLOBAL FINANCIAL CRISIS BETWEEN THE RICH AND THE EMERGING NATIONS TO SHARE THE GLOBAL EQUITY. THE FINANCIAL CRISIS IS OVER BUT THE ECONOMIC CRISIS IS NOT. AVOID BECOMING A COLLATERAL DAMAGE OF THE ECONOMIC ELITE. THE NEW FINANCIAL HEGEMONY OF THE NEW WORLD ORDER IS BEING STRUCTURED RIGHT NOW. EDUCATE YOUR SELF - EMPOWER YOUR SELF - TAKE ACTION AND RISE UP ABOVE YOUR SELF.

Saturday, February 27, 2010

Obama Healthcare

Family Facts: Social Science Research on Family, Society & Religion: http://www.familyfacts.org/
Video: Reconciliation Maneuvers Around Will of the People | The Foundry: Conservative .. .. http://ow.ly/1pmUMC
FixHealthPolicy

12 Days of Obamacare
Obama-Care parody: http://bit.ly/asBOq6
Rush Limbaugh on Obama...
Hitler on Obama Care: http://bit.ly/9o10Jp
Hitler Reacts to Barak Obama wins Nobel Peace P...

Drop royalty demands, accept goodwill payment, Nik Aziz told http://bit.ly/9W4YwI

Gearing for a new world order

h
US growth likely slowing after big year-end spurt
Expert answers to the global meltdown

Friday, February 26, 2010

Medical Marijuana

Pot Wars: Battlefield California

7,538 views - 2 days ago
Medical marijuana for ADD and it's good for kids!

PROHIBITION NEVER WORKED!...

Fox Business News: Recommending Medical Marijuana

Israel Medical Cannabis 2010 60 videos

Dr Bareket Schiff Keren on Medical Cannabis
Institute For Justice - The nation's only libertarian, http://www.ij.org/
Detroit in RUINS! (Crowder goes Ghetto): http://bit.ly/bIoeja
Tawau folk irked by utilities setbacks http://bit.ly/c0J84E

Thursday, February 25, 2010

Worst is yet to Come

How To Balance the Obama Budget
Politicians Fear Us Patriots Cheer Us: http://thedailyzing.com/
Lil' Bush Girl...Meet Obama Girl
Take Action to Stop Socialized Medicine: http://bit.ly/aSwbMR
IS AMERICA BURNING? -- IS THIS OUR FUTURE?

StevenCrowder
http://www.redstate.com/
http://www.fivefeetoffury.com/
http://www.theospark.net/
http://pajamasmedia.com/ins...

http://patdollard.com/
Reason TV ReasonTV

Treat Me Like a Dog: What Human Health Care Can Learn from Pet Care

Wednesday, February 24, 2010

Useless Stimulus Package

I am with Rush Limbaugh: http://bit.ly/djTrGM
200 World's Best Economists say stimulus won’t work | STLtoday: http://bit.ly/aBeCWr
Economists say stimulus is crap: http://gatewaypundit.blogspot.com/
Nobama Network
BreakdownOfAmerica

Nobama Network - Dedicated to save USA from power drunk Democrats on a spending spree: http://www.nobamanetwork.com/
OBAMA'S CZARS - The influence at the White House
We are all Americans!: http://blog.nobamanetwork.com/
Gateway Pundit: http://gatewaypundit.firstthings.com/

Scores of Sabah youths living like beggars in KL after losing jobs http://tinyurl.com
/yf24d82
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, : http://bit.ly/9Fybxz
Malaysian Military Scandals

drinkingwithbob
mpeach Obama Bumper Sticker -- Already?
I am with Rush Limbaugh: http://bit.ly/djTrGM
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
http://bit.ly/b5OxtL
Glenn Beck The US National Debt Clock with Charles Payne: http://bit.ly/a2MOKa

The inevitable collapse of the dollar: http://bit.ly/b9ry4H
economyincrisis
Economy In Crisis | America's Economy: http://economyincrisis.org/
American Economic Alert - Trade News, Opinion, Globalization Follies and Factilines Updated Daily: http://americaneconomicalert.org/
The inevitable collapse of the dollar: http://bit.ly/b9ry4H

The Forgotten Debt of USA: http://bit.ly/aKUI0E
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...
DavidThePatriot
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: http://www.freedomworks.org/
The National Debt Road Trip
Health Care Reform Cost Visualization

Obama Budget Cuts Visualization
Funny Political USA Videos: http://www.barelypolitical.com/

Tuesday, February 23, 2010

End of Happiness

Big Government: http://bit.ly/bRcWQT
Competitive Enterprise Institute | CEI: http://cei.org/
Story of Stuff, The Critique Part 1 of 4
RunToGold.com — Monetary science applied to current events focusing on the role of gold and silver..: http://www.runtogold.com/
Peter Schiff Moneybomb January 17th 2010

Marc Faber - How 2010 Will Pan out
PeterSchiffChannel
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) ...
http://www.peterschiffnews.com
United States economy in 2009 2010 and 2011
Max Keiser takes offense to Goldman Sachs story...

Peter Schiff: The Dollar is now collapsing | Pa...
MaxKeiserTV
http://maxkeiser.com

Gold Market Manipulated? Max Keiser Explains....
Marc Faber predicts economic disaster in 2009
Marc Faber Gloom Boom Doom Report: http://bit.ly/blit4s
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: http://bigjournalism.com/
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 ...
ForaTv
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 http://bit.ly/b7XRbN
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: http://socialsatisfaction.com/
Gerald Celente Trends Forecasts coming true yea...
Max Blumenthal: http://maxblumenthal.com/

http://www.LeeDoren.com
The Party is Far From Over: http://theteapartyisover.com/
Plans to Hide Commercial Real Estate Losses Won’t Avert a Double-Dip Downturn

February 23, 2010

The Essential Eight: The Only Economic Indicators Investors Need to Know
Martin Hutchinson: http://bit.ly/9EkzEU

US bank lending drops by US$587 bil to 68-year low http://bit.ly/ddNC8E

Monday, February 22, 2010

Big Government

Derivatives

David Jeremiah (davidrj54) on Twitter
The Great Global Exposure to Derivatives: USD 1,600 Trillions http://bit.ly/b5OxtL
Visa Corporate: http://bit.ly/aPxNUl
Confirmation: http://bit.ly/dh1scV
Health Care Plan Poll: Favor / Oppose: http://bit.ly/1aYSAf

RunToGoldDotCom
Unhappy Stimulus Anniversary: http://bit.ly/9R0i6h
Daily Source Code 792: http://bit.ly/9m6ifV
TheOnion
Stop Dumping Money Into A Giant Hole?: http://bit.ly/bqao5F

Great Credit Contraction Liquidity Pyramid: http://bit.ly/b5OxtL

Fri, Jan 22, 2010

Washington's Assault on Small Business
Peter Schiff for Senate 2010: http://schiffforsenate.com/
Dollar pounded again and CNBC still doesn't get it.: http://bit.ly/93bZgg
Prediction of the Economic Crisis of 2008!
1/2/2009 Peter Schiff: Predictions For 2009

Peter Schiff: Predictions For 2010: http://bit.ly/d3nnob
Predictions For 2010: http://bit.ly/bkc2Nt
Top 10 Economic Predictions for 2010
HowTheWorldWorks
February 22, 2010
Big Journalism: http://bigjournalism.com /sright/2010/...

Ryan P. Dixon: http://ryanpdixon.com/
Press Release:
http://www.nationalcenter.org /PR-Jame...
Patterico: http://patterico.com/2010/02/04/salon...
Daily Caller: http://dailycaller.com/2010/02/21/bre...
Big Government: http://biggovernment.com/

What Does The Federal Budget Freeze Look Like?
Budget Freeze Won't Fix The Debt
Defeat the Debt: http://defeatthedebt.com/

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!

Wow!!!!!!!!

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.
Signs:
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. Visit:www.buyerbeaware.blogspot.com http://shar.es/aItXT for numerous references on the New World Order.

Proof:
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:

Reasons to leave

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: http://criminalisewar.com/

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