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...
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...
F1 Nonsense, Privatizing Profits Socializing Costs
I happened to drive to Suntec City this evening but to my horror, entrances to Suntec and some other roads are blocked! Quite a number of policemen and traffic police were deployed there, presumably for traffic control for the whole day. I asked the police officer why are they still blocking these roads? He said they have to...
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