China will sell USD
President Xi has instructed the state banks to sell the USD. This is to help strengthen the yuan, which has dropped significantly against the USD. There is a longer term implication. When China sells the USD, many speculators will jump into the bandwagon and dump the USD. This may cause the USD to collapse. Remember, American...
When all my options are S***
One of the nicest things that I’ve done was also one of the stupidest. I was a student in London and I befriended a Canadian tramp called Murphy. In a moment of kindness, I led him into my flat to take a shower in return for cleaning my bathroom. When he went to shower, it occurred to me that things could go south, so I stood...
Expenditures for SPH Media Trust
I refer to Leong Mun Wai's recent parliamentary speech about the pap government's expenditures specifically citing SPH Media Trust's S$900 million over 5 years and the S$1.5 billion Sports Hub contract termination cost. In total, the 2 unconvincing expenditures added up to S$2.4 billions of our collective taxes. I have not forgotten...
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