Powell doesn't have magic. Same like Yellan who thought she could undo QE implemented by Bernake. QE is here to stay forever. Unwinding QE will set rates going up.

When asked, "how successful are US sanctions?" Michael said, they were successful only for a few days.

Independent blogger, Gonzalo Lira said he had info that Russia will stop all its trade with US n Europe by Sept. Russia will stop selling its oil, gas, raw materials, food ...

Michael Hudson (former consultant to US State Dept, author of "Super Imperialism") had video call with former UK MP, George Galloway, wherein he said that the US fears it could no longer control its European satellite states. It sanctioned Russia in order to build a wall so that EU will buy lots of things from US n hopes the rest of the world follows US sanctions. This way the USD will continued to be supported. Michael Hudson foresees a parallel financial system that does not use USD running alongside the USD financial system. When asked, "how successful are US sanctions?" Michael said, they were successful only a few says.

Ha! one bucket of water to put out a mountain of fire ?

It is the sellers who intends to use Lazada's courier. I received a parcel from a person driving his private car which is not LEX recently even though LEX is the usual courier.

In China, they have battery stations like petrol stations. The car running out of battery can go to a battery station n change its battery. It is automated. The machine will dismantled the spend-battery under the car n install a fully charged battery in 10 mins.

Taiwanese professor reveals vaccination death in Taiwan exceeds covid death.

The new company set up to do cruise business is basically ships without the shipyard. A new beginning. It does means that GHK will be liquidated.

Posted by chinaman > 2 hours ago | Report Abuse

so, its sour grape tantrum since not able to join Nato...now, we understand why civil war between these Orthodox Christian nations. none of Asia business - China better don't get involved, played out by these barbarian west

You are right sir. Biden called Putin a butcher. But isn't those US Presidents who preside over the carpet bombing Iraq, Yugoslavia ... where lots of innocent civilians are treated as collateral damage qualifies for this title ?? That is why most nations prefers neutrality.

Venezuela and Iran has linked up with Russia's MIR payment system.

Qatar said it is not able to make up any shortfall in gas significantly in Europe as it has long term contracts with Asian buyers. The greatest implications of these sanctions is the emergence of parallel payment systems. Qatar gave a hint to this. Oil n gas will no longer be sold only in USD. Rouble will also become a commodity currency.

The winner is US. Their objective is to stop Nordstream II. They got Germany to buy their expensive gas. They manage to undermine Russia's economy and keep Russia away from Europe. Russia's future is with Asia, not Europe. Russia tried to join NATO in the past but was rejected. The US fear it could no longer control Europe.

Israel giving a low-key response unlike Bojo or Scomo

Most misinformation comes from western media esp. UK. Ukraine has become a landlocked nation. The real battle is in the South not Kiev. Putin said his aim is not taking the whole Ukraine. This event took place some 80 years after the Ukrainian nationalist and policemen founded up God's Chosen People and handling them to the Nazis for execution.

The real war is in southern side of Ukraine..Donbass... and not Kiev.

NATO has already set the precedent in Kosovo by recognising the region as independent.

The Kanaks of New Caledonia boycotted France referendum whether to remain French as white immigrants already outnumbered the native Kanaks. Is the referendum valid?

Russia will trade their oil in Russian Ruble. Europe has been trading with Iran using an alternative payment system to Swift. SWIFT is mainly for USD trades.

In Buddhism, the iconic word is "wisdom". In Christianity ... there is the "wisdom of Solomon". Unfortunately, there is no such wisdom in man like Zelenskyy.
Finland, USSR's neighbour, live peacefully through the Cold War by adopting neutrality. Like Switzerland did. Finland was seen as a bridge between the East and the West.

Posted by stockfreak > Feb 25, 2022 1:35 PM | Report Abuse

Russia is an authoritative country. What else to expect?

Even democratic countries can go rogue. It was the democratic countries that invaded Iraq under false pretext. It was the democratic countries that set the precedent in Kosovo. It was NATO which bombed China's embassy in Yugoslavia. China said she remembers it and will not take part in sanctions.

U.S. Secretary of State James Baker’s famous “not one inch eastward” assurance about NATO expansion in his meeting with Soviet leader Mikhail Gorbachev on February 9, 1990, was part of a cascade of assurances about Soviet security given by Western leaders to Gorbachev and other Soviet officials throughout the process of German unification in 1990 and on into 1991.
If NATO have kept their word, there would be peace now. They did not kept their word because of their own greed.

It is the western countries that set the precedent in Kosovo.
They can scream, jump ... but the wagon rolls on.

U.S. Secretary of State James Baker’s famous “not one inch eastward” assurance about NATO expansion in his meeting with Soviet leader Mikhail Gorbachev on February 9, 1990, was part of a cascade of assurances about Soviet security given by Western leaders to Gorbachev and other Soviet officials throughout the process of German unification in 1990 and on into 1991.

If NATO has kept their word, there would be no war.

You can hear Professor Richard Sakwa, author of "Deception-Russiagate and the new cold war" in discussion with Aaron Mate on Utube.

You will hear what the western MSM don't tell you.

It is none other than the West which set this precedent in Kosovo. Russia is following their playbook. Now, comes the hypocrisy from their mouth.

There is no way to escape from QE trap.

Pravin Sawhney, author of "Dragon on our doorstep", ex Indian army oficer, tweeted on Feb 14 :
Since major powers - US, Russia - cannot exercise war control & achieve military objectives, war will not happen.
But, Putin is & will remain on top of the game - grey zone ops. Biden has bitten more than he can chew!

If the new DNB takes shape, all telcos will offer the same speed. If DNB offers the same slow speed, all telcos will go at the same slow speed. Those telcos which offers faster speed with have this advantage removed.

Palm oil survived during the Asian crisis due to China purchasing palm oil from us. This was revealed by a former Trade n Industry Minister in a speech during the Perak Timber Trade Association Dinner in 1999. I was at that dinner.

Posted by ahbah > Feb 8, 2022 2:31 PM | Report Abuse

" The stock market is going to fall very badly. "

Like that, can still take it lightly ?

Lynn Yap is a mkt DESTROYER !!!

IMO, she is referring to Wall Street. Bursa did not go up n up, so how is Bursa going to fall badly ?

Well, here is 2022 fung shui prediction by Lynn Yap

Gold prices would remain stable
Oil prices would fall n overall outlook is down
USD is looking good
The stock market is going to fall very badly

Take it lightly !

Corruption is everywhere.
US senators privy to insider info sold all their shares in Feb 2020 ahead of the common men. Then avail themselves to the huge opportunity to buy back again when Wall Street fell to its lows. It is legal ! - legalized corruption.

Venezuela crisis is mainly due to US n western sanctions. They voted in a government that is not pro-US, so it is not accepted. This is the type of democracy the US profess. It is all about a master-slave relationship.

Well, Mr Lim, US is no longer the beacon on the hill. The era of 1960s during the communist threat is no longer there. Russia is non-communist. China has reformed itself so much so that it is not in a real sense a communist. But China still uses the word 'communist' while it practise "control capitalism". To them it is good because other countries won't copy them n put them on the same competitive level.

Unsecured loans are part and parcel of the banking industry. Nothing unusual about it if you have been in the banking industry. Every business has its risk n this is the risk of the banking industry.

All big international banks participate in syndicated loans to those big names in the international arena. Unless, gomen makes rules to stop it.

If Nestle request for an unsecured loan, will the banks lend to them ?

Posted by Tobby > Jan 25, 2022 3:56 PM | Report Abuse

What we do know is that EPF and PNB will suffer big losses from GHK fallout! So do our local banks that gave unsecured loans! However, it's tiny compare to overall investment of EPF and PNB!

Hi Tobby, I assume you are saying EPF n PNB hold shares in Genting HK. With all the experts inside EPF n PNB, why did they not cut loss earlier ? Cutting loss early is part n parcel of investment in the stock market.

This is the risk of the banking industry. In good times, nobody ever complain about it. Banking is not for the timid.

Fed is reducing its bond purchases, not stop purchasing. Interest rate will not rise big time. There is no such thing as normalisation of QE. QE cannot be normalised. The Treasury issued the bonds and Fed bought the bonds. China is not buying the bonds. So, from the right hand to the left hand.

Posted by Tobby > Jan 24, 2022 6:25 PM | Report Abuse

sharefisher! Because not worth saving! He walks away! Let creditors deal with it!

I am of the same view. German government ask him to guarantee 600million Euros in order to qualify for aid. The German gomen moved the goalpost when the time came for drawdown of the promised aid.

The aid is meant to save the shipyard n continued employment of its staff. With this new condition, why must he take a great risk ?? He can simply start another cruise venture n just buy the ships without the shipyard. The rest of his investments are intact. Post restructuring, Genting HK might well be a more nimble company after debt haircut without the shipyard.

Just look at the market today after SC drama.

Restructuring means you do not have to pay in full every $$ that you owe.
Even if HK Genting is liquidated, the boss does not lose everything. This family trust owns substantial shares in Las Vegas casino, Genting Singapore n also own shares in Genting Bhd, Genm..
The boss has already made his calculations years ago. He decouple HK Genting completely from Genting Bhd n Genm.
He can start another new company to take the cruise business if he wants to. Like new low cost airlines starting operations with lower cost structure n devoid of debts to take on Airasia.
By the time Genting HK is restructured, the pandemic would probably have ended.

From Star

JOHANNESBURG: The omicron variant of coronavirus can help build herd immunity in societies due to its high transmissibility, South African virologists said on Thursday (Jan 13).

With milder symptoms and lower mortality rates, omicron differs from other strains, according to scientific data gathered over 50 days period after the variant was detected in South Africa and Botswana.

Gert Van Zyl, a professor at the Department of Medical Virology of Stellenbosch University, told Anadolu Agency that omicron was less deadly than other variants as it caused milder symptoms.

Due to its high transmissibility, it could help build herd immunity as it is has been observed in people who previously recovered from the coronavirus, as well as those who had been vaccinated, it quoting Zyl said.

From TheEdgemarkets

Omicron less severe even for unvaccinated, South African study says

"Among the agreements was a €300 million (US$340 million) grant from Germany’s Economic Stabilization Fund to help fund completion of a new cruise ship, Global Dream, at the MV Werften shipyards.

However, when the company attempted to draw down US$88 million of the grant in mid-December it was informed by authorities that it had not met conditions required to access the loan. A court hearing on the matter is scheduled to take place this Tuesday 11 January."

Genting Bhd n Genting M'sia does not own any share in Genting Hong Kong.

"Genting Hong Kong’s wholly-owned ship-building subsidiary MV Werften Holdings Ltd (MVWH) is reportedly on the brink of bankruptcy after authorities in Germany stalled on a promise to provide financial assistance."

Nobody believe all this bullshit. Any Tom Dick and Harry can easily open a trading account.

From my experience, Lazada's delivery service is far better than Shopee.
I order my product from shopee n it was delivered but they do not message you when they would be coming to yr house. A private car stopped at my gate n the driver handed me the product.
Whereas, Lazada Express message you and tell you when they will be coming n this make a lot of difference.

20 years ago, a friend of mine tried to bank in a Genting dividend cheque in to his deceased dad's Maybank islamic account but was rejected. Luckily, his dad still have conventional accounts with other banks.
He told me his dad went to Maybank to open an account but got an islamic account. It was not his choice. Seemingly, the bank seemed to open islamic accounts for all its new customers in its effort to grow its islamic banking. You ask the staff n they just lie and tell you it is the same as conventional accounts.

How many people buy flood insurance ??

Western human rights activist are all 'selective' activist. Did they call out Canada for the genocide of its First Nation people, whose graves were dug out recently ??

UK labelled those "insulate Britain" protestors who block their highways as 'terrorist' but support those violent rioters in HK.

Socialism in its original form does not work. But Socialism-Capitalism model works.

The truth is all lot of BS originated from the West due to geopolitics.