We roughly know who founded communism.

Without this ideology at the time when China was very poor and divided, the country would likely not able get itself out of the decline.

In those days when Europe was the safe haven for those criminalized figures who have offended the Pope/religious institution, have alway picked places like France/Switzerland as their hideouts. Until today Switzerland has got the reputation for fictitious/hidden identities to keep their plunders.

These criminalized figures invented communism and supported this ideology and now the same community decided to ban this ideology. Just an ideology. Just like someone wanted to defend secularism that allowed/sympathized with same sex marriage, tattoos , nose piercing or tolerating with designer drugs. At the same time, another person will oppose religiously.

Anyway, communism will not remain in China forever with the Chinese people. They can govern the country like how those Emperors ruled the lands from long time ago without any democracy, which is another form of ideology, from the Western continent.

The BRICS currency will be likely being realized. Their summit is scheduled on 22 Aug 2023.

It will not be a surprise that It will come to pass like how those empires/powerful nations have risen and collapsed consequently. Now, the US Dollar which was a powerful currency from a power country is experiencing uncertainty/vulnerability in light of the possibility of the adoption of another currency from the members of the BRICS.

NTA RM1.34 @QR
YTL power NTA RM1.8+

From Yahoo news -

The Perak legislative assembly is composed of 59 state seats.

>>The Opposition is short of 4 assemblymen to form/take over the State Government.

The state government is currently formed by the unity government, which consists of nine BN assemblymen and 24 PH, while the Opposition is Perikatan Nasional which consists of PAS (17 assemblymen) and Parti Pribumi Bersatu Malaysia (nine assemblymen).

https://malaysia.yahoo.com/news/perak-mb-confirms-plot-topple-111908882.html

On Tuesday, Perak Opposition leader Razman Zakaria said PN would like to work with Umno in Perak to form a Malay-Muslim government following the outcome of the six state elections.

Who want to compare those founding fathers to the recent few Presidents of USA? Needless to say, they are filthy and the Creator may not want to take a glance at them.

Those from these United Colonies solemnly published and declared that they absolved from all allegiance to the British Crown and then that all political connection between them and Great Britain ought to be dissolved. Meaning they severed the relation with GB.

Before they have signed the Declaration, it said "and with the support of this Declaration, with a firm (not a double minded one) reliance on the Protection of the Divine Providence, we mutually pledge to each other...", which is very interesting. Anyone who read this Declaration would ask that from who the Protection and the Divine Protection come from. The Creator, no doubt.

Interestingly, some of these founding fathers of the nation got interesting personalities, smart and well read.

He related the Declaration with "Creator", Life, men created with equal rights from the mother's womb until they committed any crime and the pursuit of Happiness.

If you want Life, it is surely more that nasi lemak with a cup of chinese tea. These can secure your Life but Life is more that that...the government can secure for us. Life/Happiness must have the content, without it men are just lifeless and they are walking on the street but empty inside the soul.

What is the meaning of happiness?

Thomas Jefferson said "We hold these truths to be self-evident that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.. that to secure these Rights, Governments are instituted among men, deriving their just power from the consent of the governed that whenever any form of government becomes destructive of these ends, it is the Right of the People to alter or to abolish it...". Means, we ought to choose a government that can secure our Rights.

Some countries may have the rules that can put the men to jails if they had refused to vote.

As it is, we are trapped/cornered, because when the national debts stand at RM1.5 T, even at 1% p. a. , daily interest alone is RM40M, to borne by Malaysia. The ruins are long and lasting....can be beyond RM4.50 for a Dollar in the future, unless...

Since that government was not able to provide those basic needs, they kicked out that government/old system.
In 1776, the Declaration of Independence...they severed the ties with the British...Thomas Jefferson.

He proposed life, liberty and happiness...what books he read.

In Genesis, Chapter 25:32 ( “Look, I am about to die,” Esau said. “What good is the birthright to me?”), Esau said he is about to die. Why?
At such a young age, Esau whose twin brother is Jacob, already though of dying.
He witnessed the passing/death of his grandfather (Abraham) who passed away at 175 year old. Sarah (Abraham's wife gave birtht o Issac at 85 and Abraham was 100 year old). So, Isaac was 75 year old when his father died.
The twin was born when Isaac was 60 years old. The mother is Rebekah. So, this young Esau was 15 year old when seeing the passing on of his grandfather which is a sad experience for Esau. So, Esau was confused, saddened and discouraged about life before he said that he is "about to die". His perspective about life is without much hope and the future is just bleak and he is confused lah...
Then, he was ill-influenced and willing to exchange his birthright for just a bowl of soup from Jacob.

Esau sold his birthright to Jacob over a bowl of stew with a piece of bread. Why?

Jacob is an indoor guy, studious and a brainy boy. Esau is a muscular boy, outdoor guy, good with arrow & bow, probably with tattoos on his arms.

Esau gave birth to the Nazis today, the Germans, Ukranians...
But Jacob gave birth to the Istaelites and Zalensky. But Zalensky, he did not know that many of his brothers. uncles/aunties killed by the clan of Esau, the Ukranians.

Today, the tough jobs all done by the tribes that are not from Jacob but from Esau and Ishmael. The brainy guys involved in invention, technology, scientific, automation,...but the outdoor guys are doing the rough jobs, even today in the Promised Land, such as constructions, house renovations, housemaids/cleaning...

During the inflation, there will be excessive money going after the limited goods and services in the markets.

In Malaysia, many peoples got lesser and lesser money to buy the daily necessity goods and services because the inflation is "imported inflation" where the costlier raw materials, goods and services are paid to overseas suppliers.

For example, the effect of inflation in the US will be imported to Malaysia because Malaysians are buying the products from the US. The excessive of money in the US was caused by the QE measure/strategy where the Federal Reserve/Central bank intended to spur their economy by buying assets from the markets which started with printing more money. The excessive money in the hand of the consumers will effect the price of the goods and services that are available in their market.

Inflation can damage the economy of the nation because the value of the currency will suffer because the imported raw materials, foods and services will be paid with more local currency. The national debts which are denominated in foreign currencies will burden the nation further when repaying the loans. More local currency are needed to repay the same amount of foreign currency loan. To this end, usually the central bank's reserve in foreign currency will drop and is detrimental to the exchange rate of the local currency.

Inflation also can damage the purchasing power of the consumers when the same salary earned will only getting lesser goods and services because each product is selling at a higher price. The salaried men could not increase their salaries from the employers within the short span of time. But the businessmen will increase their price accordingly which they will be affected lesser to certain extend.

The economists will recommend the hike of interest rate from the banking system where borrowers and consumers will suffer further because more money are needed to service the larger monthly repayment of their loans for housing and motorcars.

At other time, even a country will become bankrupt when expenses can not be covered from the taxes since the citizens are losing their jobs/employment when more factories are closing done because the operations/productions are no longer profitable from the higher fixed cost.

But got 2 exceptions when the intention that merely conceived in the mind, before the action, there the sin committed.

1. is thinking of lust before even touching the female/male, is already a sin.

2.

What is "needless to say"?

If you are just thinking of harming another without committed that crime, is it a sin?
And at another scenario, you have only injured him without any intention, is it a sin/crime? Needless to say, it is a crime/sin.

Thinking of buying this counter but you still have not transacted, is there anything wrong?
But, on the other hand, you have bought this counter without so much deliberation/hesitation/or even by accident lately, NEEDLESS TO SAY, you are reaping the consequences of profit...

Total liabilities RM6.198 BiL is reflected in the fixed/non-current asset RM6.2 Bil (infrastructure).
Paid up capital of RM1.5 Bil (after accumulated losses of RM0.5 Bil), left around RM1.0 BiL in the Equity.

Yearly interest charges/expenses of RM156MiL (RM427,000 a day) is costly because the loan is RM6.2 BiL. The revenue should be increasing when the roads are being used busily by commuters daily and in the future. Those outskirt locations will continue to be developed because of the accessibility from this highway.

2 months ago, it was below RM0.50 when i traveled from Bruas .

QR ended 30 June will attract much interest from peoples.

According to the group in a summary of the claims provided by its solicitors CK Lim Law Chambers, Chin had employed as Mi Technovation’s chief operation officer cum general manager since July 2, 2018.

“On March 14, 2019, CYK (Chin) wrote to the company alleging that the company had breached the employment contract and demanded for the restoration of his responsibility, authority and scope of work which he claimed to have been taken away by the company.

“Following which, an independent committee was set up to investigate CYK’s allegations. The independent committee found no evidence supporting CYK’s allegation,” said the group in the summary, which was filed on Bursa Malaysia.

Chin disagreed with the independent committee’s findings and deemed himself constructively dismissed, the group said.

Mi Technovation alleged that Chin had breached his employment contract when he refused to report to work on March 26, 2019.

On May 3, 2019, Chin subsequently filed a representation for reinstatement under Section 20(1) of the Industrial Relations Act 1967.

It is this type of business that EPF would want to invest. It only cost a fraction from those giant counters and the upside potential is so physical and obvious when looking at the future development from that part of the country.

I went to Beruas from Taiping (Changkat Jering) 2 weeks ago, via Sungai Rotan, to enter the new Highway (WCE) and traveled until Lekir...Kuala Selangor and Sungai Buloh. Nice. The alternative for PLUS Highway. Very good views for the padi fields also.

Soon the better when it is extended to Changkat Chering.

France is burning every few other months. The protesters were brough to the streets and violence occurred when the French President announced that the retirement /pension age is to be increased from 62 to 64 . Why the increase of the pension age?

It has to be related to the coffer/treasury of the country.

Imagine if you are 61 year old now. You have already planning your holiday trips that will take place in 12 months time but that plan was thwarted by this announcement/enactment.

The government that has lesser and lesser of money is on the verge of bankruptcy, will need to delay/postpone the payment of pension funds to those retired workers/government staff.

Anyway, Europe is declining and France is one of them.

When a man is cultivating his farm, self-employed or operating his factory then the retirement has not much meaning to him. Even his age has exceeded 60 or 65, he would be more than willing to continue to take care of his business even though his children are already chipped in before their father pass on.

More people under the employment are affected by the change of retirement age. Some are tired of their colleagues after years in the offices/factories and some are experiencing decline of health before, so they prefer no extension of retirement age. They have lesser influence from the unsettled loans with banks. This is one of the groups.

Another group consist of people who are appealing to the employer to extend gain and again so they can continue to work. Most likely they still enjoy their workloads with their experiences gathered all along their career paths. This group of employees are supposedly still healthy and alert else the employer will not agree to their extension of work contracts.

However, biblically the word "retirement" does not appear in the Hebrew vocabulary. In the Old Testament, the Creator created the human being to live a life that reaching the fulfilment, no laziness, no chicken out half way through the purpose of your life and he/she should be productive and died as a very old man/women like Abraham/Isaac/Rebecca/Jacob/Rebecca/Moses.

It does not mean one actually has to work and work until he/she died. It merely mean that one should continue to live as a productive person, contributing to the family/society and the economy.

With the kindness of God and His greatness...and His mercy, He decreed on all the nations of the world, but in the beginning there is only one nation, the children of Adam & Eve. After the Flood, after God wiped out all the wicked people of the world, the world actually restarted. Until the Flood, there was only 6 Laws to be observed...you can not be a murderer, a thief, sex crime against another/relatives, eating meat/but vegetarians, establishing a court system with judge/Police to judge the wicked people, punish whoever needed to be punished and make order in your environment.

The seven Laws of Noah were only being introduced after the Flood and there was permission to eat the meat/animals. There was no proper way yet to slaughter the animals but the animals must be dead before being eaten by the people.

n a while, we can know how money (the functions ) which was invented God, can be used to help yourself, others and enslaving others. We can use money as the tools for destroying others/the country and sometime including ourselves. For example, spending money on weapons or military operations.

BUT China is using money to bring development to themselves and to other less developed countries.

1 second ago

Xi and BRI is the work of genius.....instead of holding USD or assets of developed world, China uses the usd to invest in the developing world. .....its pure genius. Its the best way to recycle the excess USD.

19 hours ago

>> Looking back on how China have opened the door/window to engage with the world especially for trades is really educational for anyone. Long story being cut short, the country as a whole now already got the wealth/reserves/USD in hand to dispose for their own development and to help/invest in many other countries including Malaysia, billions and billions of Dollar.

Back to the basics, even for an individual, a Dollar saved is a Dollar invested, whether now or in the near future. What is happening by now is the interest earned from those Bills/treasury bills (USD) is probably more than enough to buy many imported things for the country. It can be airplanes/Airbus, etc.

On the contrary, when a country is assuming heavy debts due to lack of savings, spending more than what the country can earn, the interest payment for the bondholders will be enough to bring the country down.

The Manchu defeated the Ming dynasty but the Manchus were assimilated into the Chinese culture/civilization eventually. I suppose no one in China still wanted to be identified as Manchu anymore. There was one video clip said that luckily the Japanese did not concur China else the Japanese will be wiped out ultimately because the Chinese culture will override the Japanese culture.

The diplomacy played recently by the Chinese leadership/president Xi is extremely outstanding. Firstly, Wang Yi scrambly traveled to overseas and to Russia for a dialogue with Putin about the potential peace settlement of the war in Ukraine. This role is only warranted/suitable from China which is also one of the major players in the world arena and no another because the others are almost directly involved in the conflict with Russia.

Following that dialogue, president Xi traveled to Russia. We can guess who can Putin trusted the most apart from those warmongers. The leadership from China had demonstrated the utmost matured type of international diplomacy.

From this perspective, we can see that China will not want to attack Taiwan and that the time will tell that Taiwan will be courted back to China as a united country either through the means from economy or assimilation of culture instaed of conflict/wars.

So the collapse of US Dollar again will not be the hope/goal of the Chinese strategically. Rather the Chinese would prefer the peaceful way of progression - the manner of co-existence, mutual respect, benefitting all humankind and peace to the world.

Sins can be committed by the banks.

They got the idea from the Bible, then they started the banking business and only charging interest against the outsiders. They even charged interest (sucking the blood) at an unreasonable level. It is very profitable at the expense of your blood and sweat. However, once these banks (corporate) committed sins, they were wiped out without the need that we need to know in detailed. Sins can be committed by an individual, a company and a country/nations. How many empires and glamorous/long history banks have being wiped out?

The latest attempt to increase the interest rate by the Central bank was luckily being opposed by the government of the day. The cost of borrowing and the monthly higher repayment amount have eaten into the purchasing power of the consumers/families.

Exodus 22:25 - “If you lend money to one of my people among you who is needy, do not treat it like a business deal; charge no interest.

Leviticus 25:26 - Do not take interest or any profit from them, but fear your God, so that they may continue to live among you.

There are a few more commandments that the LORD required of His peoples not to charge interest when lending/loaning money to their brothers/sisters. Not only they can not complied with this requirement but the less capable siblings were not helped by lending from the richer to the less fortunate ones.

Anyway, money was invented by the LORD. He runs the world until the very small topics. Who can predicts that 2 huge banks can be brought down within 2 days. Thanks to the social medias that can caused the depositors to come after these banks for the hysterical withdrawals of their savings.

Money is like the life of a man. At another instance, money is considered as the blood of a man. Without money and old already, a man is considered as a dead man. Walking but is dead because he has no more money. So, the idea of causing financial harm to a person/country is actually can cause huge damage. Your dumping of a currency of a country can harm that country financial position and weaken it.

A borrower need to work harder and longer to repay a loan to the bank. The borrowers will lose sweat and blood when working to repay the loans. So, the LORD reminded that you unlike the banks( suckers) should not levy interest on your siblings/family members when they need your help. Otherwise, it is treated as if you are sucking the blood of your brothers.

1. Purchased prior to the consolidation, 1.5 sen X 20 units = 30 sen. After the consolidation, on 23 March, if managed to sell then at 38 sen for 1 unit, theoretically, making 8 sen.

2. If you are still keeping than consolidated 1 unit ( from 20 units), now can fetch 9 sen. But the entitlement of the Rights for 6 units may earn you 15 sen if/assuming that the price will be 2.5 sen each when they are tradable later. So, the value will be back to 24 sen in all, so the loses is 6 sen (excluding the entitlement of the Warrant C, 3 units).

3. Unless, the person had purchased at 38 sen a share on 23 Mar or 12 sen a share this morning.

It does not count if we have ton/ocean of knowledge. Instead it depends on whether there is any holiness in ourselves. A righteous man must have these 2 things i.e. fear and shame. Fear the LORD, the courts, the Police, parents, headmistress and discipline teacher. When some things of not pleasant have happened that could affect their reputation/image/corporate image, he/she will instantly feel the embarrassment and the faces will blush.
Their souls sense their the embarrassment and the fear of the retribution/punishment from above.

Why we like to kiss/hug the babies? Because their souls are still pure from the wombs. But when we traveled the journey of life, the impurities accumulated daily because the sins we committed non stop.

The political development in the country is under the influence of the media. The leaders inside and outside the government are scrutinised in a way that they no longer can divert the choices from the voters for the benefits of the politicians.

The peoples are well-connected and well-informed by the online media. The political development in overseas also can influence the political landscape of our country. Certain super power countries are already making unusually seen arrangements and cooperation to improve their future and putting aside some non beneficial issues to achieve the common grounds for mutual interests.

Malaysians shouldn't be trapped in this stage of unproductive politics in our lands. Despite the differences among us such as race, religion and political affiliation, the government must work hard and forward to be at least in the right track like certain successful nations for better future for our country.

A good leader with integrity, vision and wisdom will lead Malaysia into a better future.

The Federal Reserve is again raising its key interest rate 0.25 percentage point, to a range between 4.75% and 5%, the highest level for the federal funds rate since 2006.

The banking in Malaysia better don't follow through conveniently anymore. The local households/ borrowers already being burdened with the diminished purchasing power following the higher prices of products and the numerous hikes of interest rates by our BNM. From the softened market, what more money the peoples do have anymore to service the higher cost of borrowing? Madness as shown by these USA policy makers.

Roughly a week after the collapse of SVB in America, another bank from Switzerland, namely Credit Suisse went into difficulty/bankruptcy that need the help/bail-outs from UBS which another bank from the same country.

Presumably, the big banks from the West/USA can not be brought down within a short notice that owing to their failures to manage their financial position professional. Unlike the banks in Asia that mostly being managed prudently and monitored by the central banks meticulously.

The economy of USA/West now already entered the stage where they are no longer productive. The people lives on credit terms and the governments are funding their administration by printing money/borrowings. The banks are being exposed to the lending/investment risks that were not seen before. Somehow, their banks and financial system has become the victim of their own doing.

Banks in Malaysia are tightly regulated.
The assortment of assets/liabilities in the books/balance sheets are closely monitored by the central bank/BNM. BNM has been a very good central bank over the years. I worked in various banks before so i knew. Their track until the last coin in the respective denomination.

So, have confidence in our local banks. What was missed was even those smaller banks were merged into the bigger banks. Smaller banks have got their cutting edge over some bigger banks which can serve the smaller customers better at times.

Banks in Malaysia are different...

Those banks were affected by the repriced of the bonds held by them. Without even disposing the bonds, the losses/value of the bonds in hand are mostly in losses position. Worse scenario is even after disposing all the bonds at lost, the banks still did not have enough of cash to meet the withdrawals from the savers/depositors.

The US economy need one that is organic instead of manipulative economy. The economy theory that touching on interest rate will not work well for inflation this time around.

They need to produce/productive, jobs, savings instead of spending excessively, keep on borrowing and printing money. And by now, financially USA is already beyond the redemption when considering the amount of debts and the cost of the debts.

For a long time, having a huge national debt, the US now wanted to attract funds from every where back into their shores, by increasing the rates/deposit rate without realizing the consequences on their local bond market.

This issue of inflation following the higher cost of production for goods and services from the Ukraine war must be accompanied by excessive cash at the disposal of the consumers (purchasing power) in order to justify the increment of interest rate/borrowing rate that can tame the inflation.

How can we control the inflation when the consumers have limited cash/savings to spend? This lack of cash ( arising from high unemployment or lost of income from the COVID19) did not work well from the higher borrowing rates set by the policy makers/central banks.

I can recall that our BNM have been stopped from increasing the interest rate further and stayed at 2.75% which is already burdening the borrowers when repaying their loans with the banks.

The few banks that have been brought down to their knees was due to the increment of interest rates successively in the recent months following the war in Ukraine. The policy makers in the USA could have made a big mistake by increasing the interest rate which has worked against their financial condition.

What are the odds...but meanwhile the cash register of the company is ringing non stop, renewal of the road taxes...still a better buy.

It went down to as low as 57 sen on 13 FEB, reason being...

Now it has recovered back to 75 sen, reason being it is still a company that can earn cash/money with the existing business contract/deals. A company will not draw another attention if there is no incoming streamy cashflow in the daily transaction/business..

Those who had bought at the low price can sell at the higher profit. Enviable. No much effort required, just had managed to buy at that low price then.

Calvin,

I saw that you favored regularly in oil palm stock.
Some of them are doing well, no doubt. For example, KLK in Ipoh, they diversified and using the lands for housing and shopping then to hospital.

We are buying bank stock from Malaysia which are tightly regulated by BNM.

Banks will earn more during these moment of times when the higher interest rates are being imposed/levied on the borrowers. The bank stock will be more attractive as we can see from CIMB Bank's share price movement recently.

The other bank stock i can afford/would to buy is ABMB (Alliance) because the upside potential can be marginally higher since the cost is lower.

Interest rate is the price for money. The higher the interest rate, the borrowers will be become lesser and lesser.

The borrowers will delay the expansion of the their businesses and the investors will buy lesser and lesser shares from the share markets. The prices of inventories and equities will be dampened when encountering reduction in their demand.

In inducing the demand towards the downward side when wanting to blow down the inflation, central banks would consider of heightening the interest rate. This is because they believe that when the cost of money is higher, the consumers/investors will slow down their transactions. Reducing the demand for goods/services/investments will encourage the suppliers to reduce the prices instead of increasing the prices further.

Ideally, borrowers are focusing in reducing the loans that are still outstanding with their banks, reduce the demand for luxurious items and disposing their investments/shares while the prices are still high. At the same time, the public are also thinking of how to hedge their funds/wealth in order to maintain the value.

The Bible says :

Leviticus 19:28 “‘Do not cut your bodies for the dead or put tattoo marks on yourselves. I am the Lord.

It a an act of abomination against our Creator, who is the LORD.

He is the God of all mankind. Whether your are Korean, Japanese, Chinese,....
Jeremiah 32:27 - “I am the Lord, the God of all mankind. Is anything too hard for me?

Democracy started by the Greeks. They have Olympics, sports.

Communism started in Europe, adopted by the Russians and Chinese. It is just the ideology to form the government and conveniently this ideology has blended well with the condition of China towards the end of the Ching dynasty. If China still have the Ching Dynasty in existence, democracy could be the ideology of the government, just like Japan, England and Malaysia.

Democracy by itself doesn't guarantee a desirable type of government. It is the people or the leaders in the government whether communism, socialism or democracy that matters.

China leaders prefer to deal with the German leaders (met recently) than those from British/France that are inside the EU. The German's stake in this Ukraine war is very high than the rest inside the EU. The German has a stronger voice inside the EU/NATO apart from the US.

Take your position before the explosive news...be in equities, Bitcoin...don't quote me.

https://www.youtube.com/watch?v=1UuxydIBLAg

Wang Yi is travelling to places to meet leaders, not for fun but likely brokering a Peace deal...Chinese wisdom.

Quantitative easing (QE) is a form of monetary policy in which a central bank, like the U.S. Federal Reserve, purchases securities from the open market to reduce interest rates and increase the money supply.

The US can print money without the backing of gold reserve. Unbelievable. People would prefer to hold their gold than the US Dollars. Those treasury bills are not preferred by holders anymore. The national debts by the USA is just not sustainable anymore mathematically when including the interest payment.