THE NEXT GOVERNMENT.

BARISAN RAKYAT SHALL FORM THE NEXT GOVERNMENT!

SOS

SOS
nation in distress

The World Anthem


WE ARE ALL OF 1 RACE, THE HUMAN RACE.


25/12/2008

SATAN USA CAN? WE CAN, THREE!!

by showmedamoney ramani, donplaypuks® intrepid correspondent for recessi and depressi affairs













In the month that was, good ‘ol US of A rabid sub-prime capitalism brought itself to its knees in ways that clearly proved that there is one rule for the elite, well-connected croney (fake) capitalist and his million $ bonus (each) earning management team and another for pesky main street wage earners who perenially dare to moan about their 3% annual wage rise and 1-2 month’s pro-rated bonus.

Amazingly, there is yet another rule for the auto industry which had the temerity to beg for a mere $34 million bailout. Stupid gits!! They should have come out with guns blazing with a demand, not a mere piddly, piffling $34 billion begging bowl, for a $1 TRILLION rescue package OR ELSE!! That would have got Secretary of Treasury Henry Poultry and Fed Chairman Ben Bananacakes running around like chickens with their heads cut off and forced Congress, admittedly at the point of gun-barrel diplomacy, to apply the same degree of (utter lack of) transparency, fair rules and standards in shovelling out largesse faster than you can say CRONEY BAILOUT. With funds extorted and misappropriated from the already bleeding Taxpayer, under the Troubled Assets Relief Program (TARP).

However, the auto czars did not have to throw even a rubber sole, let alone a whole camel leather Arab shoe, for Bush to leap to their rescue. After all, he was only pre-empting Obama!

TARP? American have not only a filthy secret desire and national agenda to murder Queen’s English but to also conquer Afghanistan, Iraq, N.Korea and the rest of the world too, with misspelt words like ‘Program’ and ‘Color’ while creating WMD’s (Words of Mass Destruction) with verbicised obscenities such as ‘Helming’ and 'Tasked.' This American national past-time is championed too by Microsoft which has as one of its principle aims the universal proliferation of stress, by forcing you to check/uncheck English (US) and English (UK) in its Word Spell-Check and Language Tool !!

This penchant is frequently compounded with creating American-speak like ‘Troubled Assets Relief Program’ when what they really mean is ‘Taxpayer Bailout Shit’. You ever wonder why they say ‘gas’ for ‘petrol’ and ‘check’ for ‘bill’ and then why there has been a 2000% increase over the last ten years in incidences of people, especially the young, suffering from gastritis, gall stones and kidney stones across the world? You think it’s mere coincidence? Believe me, in the end, our civilization will collapse from this dual-mode UK and US English and not financial mismanagement!!

Note too that this is an endemic disease that afflicts all countries with a British colonial past. The Aussie penchant for mouthing an 'o’ where none exists as in ‘loike’ or that universally condemned greeting of ‘g’die mite’ is a form of cancer. Of course the ‘recalcitrant’ Mahathir could not resist taunting Downunder denizens with ‘the rine in Spine fawlls minely on the pline’! In Bolehland we steal without conscience and conjure up ‘visi’, ‘misi’ and ‘sessi’. Reliably informed sources have leaked to donplaypuks® that Dewan Bahasa & Pustaka is writhing in agony over whether it should add ‘fisi’ ( fission) to the looted local vocabulary in the wake of Tenaga Nasional Berhad’s mulling over whether it should go nuclear.

But the icing on the cake that demonstrated the complete collapse of Pax Capitalism is the $50 billion Boinie Madhoff (you want I should tell you he is Kosher) fraud bonfire of the vanities, which has not only seen 1 suicide as of today, but a willingness by the Fed to rescue troubled Hedge Funds. Yes, Hedge Funds. The same vermin who have been thwarting all attempts by the SC to register and regulate them. Yes, Hedge Funds. The same low-life who in the first place are partly, if not substantially, culpable for the farming out of toxic sub-prime mortgages tarted up as sound risk-free investments and for wanton speculation on anything from oil to metals to currencies to soya beans and pork futures!

Here is a failure not merely of business or enterprise. It is a failure that is so common that it’s amazing the Americans cannot (or is it will not) see it. It’s the same reason why Juande Ramos was sacked as Manager of Tottenham Hotspurs recently. It’s the same reason why those managing the Football, Hockey and Athletics Associations locally should all be booted out of their jobs lock, stock and barrel. A UNIVERSAL FAILURE OF LEADERSHIP AND MANAGEMENT AT THE TOP!

If only it stopped there. But no. It would appear that the fraudtrepreneurs in Bolehland, having seen the writing on the wall, have upped the ante, and are attemting to loot as much as possible before there is no more money or wealth left to squeeze out of the much molested and raped economy.

Make no mistake. The brazen attempt to ‘privatise’ by directly negotiated non-tendered out contract the National Heart Centre which sits on prime land a stone’s throw from the city centre. That suspicious $1.7 billion cash purchase of a loss making airport at inflated land price to thwart any attempt by the SC to scrutinise land valuation in a related party transaction, and the breathtaking proposal by that same party to sell back to Tenaga Nasional Bhd an unwanted excess capacity IPP at a whacking profit of billions. That $4.2 billion cover-up and further pouring of money into a bottomless hole at Free Trade Zone. That proposal to build a new Low Cost Carrier Terminal for $ 3 billion to mask development of otherwise ‘dead’ land when there is huge under utilised capacity at KLIA. And the purchase of Sukhoi Jets and Scorpene Submarines for $9 billion and the ‘postponed’ $1.6 billion purchase of Eurocopters fitted with never-to-be-used laser guided weapons systems and 34 other helicopters for the police force costing billions more.

These are all signs of management gone haywire and not lifting a finger to stanch the frittering away of scarce economic resources. Signs of conscienceless Management with a thieving and looting business mentality. The vultures who have long been profiting from weak SC’s all over the world, are now openly rifling through the pockets of the sickly carcass. What more can we say of a $70 million proposal from the Ministry of MsEntrepreneurship to send jobless graduates (presumably those from 1 Race) to special English (Manglish) Language courses to enhance their employment prospects? It’s game over, folks!

Our local Bourse too, like its counterparts in this region – New York, London, Paris, Munich, Tokyo and Sydney – has been, to put it mildly, sleeping on its watch. Not much more could have been expected with its incestuous listing on its own Stock Exchange! Thus the national car company could get away with camouflaging operating losses by including non-trading Government Grant as trading income while elegant silence was maintained when a major Telco reaped hundreds of millions of $ in additional profit from private placement of shares with indecent haste almost immediately after taking the company private.

Neither the economy of the USA nor of the Globe is going to recover from trillion dollar bailouts aimed at enticing the masses to once gain indulge in conspicuous corpulent consumption of gadgets and gizmos with built-in obsolescence or a philosophy of spending based on keeping an eye on the Jones’ while loading up on Debt like there’s no tomorrow. Whichever route Henry Poultry and Bananacakes take, they are going to lay a big fat egg because they have not understood what Keynes meant by Consumption. Modern economists and their Nobel Prize winning Gurus therefore speak Tower of Bablesque Jive Voodoo Economics – possible recession, depression, economic nuclear winter, inflation, deflation, stagflation, and God Almighty, now just WTF is Stag Deflation??!!

And this magic beans policy of cutting interest rates to zero? It too will not work. This is what Japan has been doing for more than a decade with no tangible signs of a real recovery. Why? Because the banks and financial institutions have not been publicly brought to book for their fraud, basic dishonesty and profligacy. The Wall St crooks and their ilk-thieves have factored into their business models that when push comes to shove, their friends in high places will shovel them out with TARP Taxpayer Bailout Shit. With such a licence at their disposal, anyone would GO FOR DA MONEY and not blink an eyelid when they screw old ladies out of their retirement home savings funds or factory workers out of their healthcare, pension and childrens' education funding plans.

As for Big Brother, the SC, ours is in the same somnaubulistic good company with those in this region – New York, London, Paris, Munich, Tokyo and Sydney. Self-regulation can no longer work as individial and collective greed has breached tsunami levels.

And if superpowers and past colonial masters should screw up their and the Global economy (and English Language) big time, why, we should outdo them THRICE over. We clearly have the capability, intent and pre-requisite overflowing greed to go with it!!

donplaypuks® with the future of the World, man!!

6 comments:

masterwordsmith said...

DPP,

You are soaring sky high with wings of an eagle with this well-executed post that smacks of a micro and macro view of pertinent international and local issues

Indeed this is an elegant and yet powerful finish to a year marked by so many depressing affairs on the home front and international scene.

Thank you so much!

May we see more and more posts from you DPP in the coming year!!

Happy New Year to you and your lovely family.

cheers

donplaypuks® said...

Hi MWS

It's certainly been an eventful year.

But I remain positive despite signs of a looming recession of Biblical proportions.

This time, the 'Great Flood' will be to sink Rabid Capitalist Greed sparked by USA. Once this worldiwde casino mentality and corruption is brought to its knees and reformed, then the Renaissance will begin!

Happy Xmas & New Year to you and your family.

dpp

Purple Haze said...

Hear, hear !!!

Happy New Year to you, DPP & your family

ruyom said...

Malaysia two million Indians make up less than 8% of the population today but have been the victims of the NEP policy since 1971.

Today after 51 years of independence, the definition for "Indian" has become a metaphor for backwardness.

Even though the median family income of Indian Malaysians according to official statistics is higher than that of malays, certain segments of the Indian Malaysians population live in with hardcore poverty and form part of the lowest strata in terms of economic ownership.

The official statistics show that the national wealth owned by Indians is only 1.2% of traded equity since 1971.

And according to Hindraf, 15% of Malaysian juvenile delinquents are Indian while 50% of all convicts in prison since 2004 and 41% of beggars in 2003 were Indians.

The percentage of Indians in the civil service fell from 40% in 1957 to less than 2% in 2005.

According to official records, 30 to 35 Indians per 100000 commit or attempt to commit suicide annually as compared to 10 to 12 Malaysians per 100000 in 2006.

In education, the Indians make up less than 5% of the university intake of over 45000 annually.

The Indians in the country are seeking equality after 51 years of independence and what Malaysia needs now is a sacrifice of the rich and super-rich of all races in staying clear of the NEP to allow the poor of all races to move up and progress.

kuldeep said...

The problem emanates from the American business principles...and Malaysia have as many brainless idiots following the same rule books blindly AND actually believing it as the gospel truth.

At least those American guys who created all the new buzz saw it as a short term,ripoff ur customers money making machine...

Hahaha..now GLC need a black book of diseased theories.

donplaypuks® said...

Thanks kuldeep. We are actually knee-deep in you know what as well

Wait till someone leaks out the write-downs Khazanah, PNB, EPF,SOCSO, Value Cap etc have to 'mark to market' that is now being hidden from our eyes.

At least S'pore has bitten the bullet and made public their S$199 billion losses!
dpp