TR EMERITUS

We are now going into the Perfect Storm of Global Financial Turmoil with the Great Collapse of USD Dominance and US Empire. It may result in World War III. The Germans started World War II amidst its failing financial system with hyperinflation destroying its economy. There was basically a bank run on the whole country. Similar signs are emerging in US though with very pretext. The enormous debts US has accumulated over the years with great amount of it held by foreign countries are in essence, similar to Germany owning European countries great amount of debts after WW I. It triggered hyperinflation, just like what we are seeing in US right now. Of course, the current situation is more complex. US landed with historical huge debts because of its abuse on its Petrol Dollar status. When US is owing so much debts to other countries, it chooses to weaponize its USD. That added to the international worries over the sustainability of US uncontrollable increase in debts. US is now like a big international banker which could print money for the whole world. Its money USD can only have value if and only if all countries have confidence in USD that could allow them to buy goods and services from other countries. The most important fundamental backing of USD, apart from US economy and its ability to provide goods and services to other countries, is the oil producing countries agreeing to trade oil in USD. USD was the only Petrol Dollar but not anymore. Its dominance has been eroded when oil producing countries started to accept other currencies as payment for their oil! This started off when US weaponized USD against Russia. Such move, which is basically an abuse of its Petrol Dollar status, has resulted in the disquiet of many countries and they started to worry the same thing might happen to them! Although the initiative and efforts of de-dollarization had started decade ago, but there wasn't any push factor for countries to change status quo on their reliance on USD. BUT seeing how US could WEAPONIZE USD against Russia and potentially to any country unilaterally without international agreement, the fear of suffering the same faith has become the greatest push factor for them to accelerate the process of de-dollarization. Chinese Yuan has become the natural choice as a replacement for USD as Petrol Dollar due to its economic size and multi regional influence due to One Belt One Route strategy. On the other hand, Russia is a large oil producing country. Such sanction would naturally make Russia to dump USD as the currency for all its trade, including oil. China is the greatest purchaser of oil and naturally, Russia would prefer to accept Yuan as the replacement for USD Petrol Dollar! When the Saudi moved to accept Yuan as payment for its oil as well, it basically mean demand on USD will drop tremendously. Then Brazil, one of the largest exporter of farm produce, started to switch to Yuan. Indonesia, the largest country in ASEAN, has pushed for de-dollarization as well. All these have only one common impact, the reduction of demand of USD internationally. Yet, US is trying to raise a its debt ceiling while other countries are selling off its Treasury Bills and demand on USD for trade has dropped. Huge US debts can only be sustained and supported by huge international demand of USD. If US continues to ignore the basic principles that makes its dominance of USD works and proceed to incur more debts and printing more money, this will become the Perfect Storm of the total collapse of USD which will trigger a stampede and bankrun on USA! Well, by then, no God can save America anymore as the international confidence and trust in USD will just collapse.   Goh Meng Seng      Read More →

The following are some interesting quotes from T-Shirts.  I hope that you find them as interesting as I do.  Some are original, and some are made up.  Sorry, but I could not find any that had fair go casino bonus codes … That’s what I do … I fix stuff … and I know things My people skills are just fine.  It is my tolerance for idiots that needs work. Sarcastic comment download … I am your father (text was like Star Wars introduction text) Don’t piss off old people.  The older we get, the less life in prison is a deterrent. Built in the fifties.  Original and unrestored.  Some parts are still in working order. I am currently unsupervised.  I know.  It freaks me out too.  But the possibilities are endless. I am a multitasker.  I can listen, ignore, and forget all at the same time. Marty, whatever happens.  Don’t got to 2020 (Referencing Back to the Future Movie) I am proud of many things in my life, but nothing beats being a grandpa. Walk away.  I am a grumpy old man.  I love dogs more than humans.  I have anger issues and a serious dislike for stupid people. Retired – I do what I want, when I want, where I want … See also: not my problem anymore (text is written as a dictionary definition). I am not old.  I am a classic. Mechanic Hourly Rate.  $100/hr standard rate.  $150/hour if you watch.  $175/hour if you help.  $200/hour if you worked on it first.  $250/hour if you tell me how to do my job. I never dreamed that one day I would become a grumpy old man.  But here I am killing it. I am pretty confident that my last words will be “Well, shit.  That did not work.” I may be wrong, but it is highly unlikely. I don’t know how to act my age.  I have never been this old before. Raising my husband is exhausting! My kids laugh because they think I am crazy.  I laugh because they don’t know it is hereditary. I am not a hero.  I am not a legend.  I am one of the one percent who served as guardians of our nation’s freedom. I am a veteran. Now I lay me down to sleep.  Beside my bed, a gun I keep.  And if I wake and you are inside.  The coroner’s van will be your last ride. Jobsite safety:  don’t put your finger anywhere you would not put your (shows a picture of a rooster... cock). Back off.  I have got enough to deal with today without having to make your death look like an accident. Oh Lord!  Give me the strength to walk away from stupid people without slapping them. Admit it.  Life would be boring without me. Don’t mess with old people.  We did not get to this age by being stupid. Let me pour you a tall glass of Get Over It.  Oh, and here is a straw so you can Suck It Up. Life is better with coffee, cats, and books. Don’t underestimate me because I am quiet.  I know more than I say.  I think more than I speak.  I observe more than you know. I am not arguing. I am just explaining why I am right. Faith does not make things easy.  It makes them possible. Be the change you wish to see in the world. “I solemnly swear I am up to no good” (From Harry Potter Book 3) Never stop exploring. Kindness is contagious Life is too short to wear boring clothes. Adventure awaits. Dream big.  Work hard.  Stay focused.  And surround yourself with good people. Be a voice.  Not an echo. Life is a journey.  Not a destination. Dreams don’t work unless you do. Happiness is not a destination.  It is a journey. Do what you love.  Love what you do. Don’t grow up.  It is a trap. I came.  I saw.  I had anxiety.  I left. I am not weird.  I am a limited edition. Stop making drama.  You are not Shakespeare. My job is top secret.  Even I don’t know what I am doing. I am not anti-social.  I am selectively social. Vintage.  1983.  40 years of being awesome. Happiness can found even in the darkest of times.  If one only remembers to turn on the light. (Harry Potter Books) Danger. No filter. Open your heart to new adventures. Sometimes you have to get over your fear to see the beauty on the other side. Mischief managed (Harry Potter Books) No matter how you feel.  Get up, get dressed, show up, and never give up. In order to insult me, I must first value your opinion. Do or do not.  There is no try. Sometimes the right path is not the easy one. Life is tough, but so are you. Can I say that curse word now? Life’s roughest storms prove the strength of our anchor. I have neither the time or the crayons to explain this to you. I am not bossy.  I just know what you should be doing. Don’t worry.  You are just as sane as I am. I may be wrong, but I highly doubt it. If it doesn’t challenge you, it doesn’t change you. Growth, Mindset.  I can learn from my mistakes.  I can improve by working hard.  I will never give up.  I am determined to do my best.  Self reflection helps me to succeed.  I can overcome challenges with effort.  I can train my brain. Don’t rush me.  I am waiting for the last minute. After 30 years, she still puts up with me. Happiness is a warm puppy. Never underestimate an old man with a guitar. When you feel like quitting, think about why you started. I am an engineer.  To save time, just assume that I am always right. She believed she could, so she did. Stop worrying about people that are not worried about you. When you are not practicing, somebody else is getting better. Poker is like sex.  If you don’t have a good partner, you better have a good hand. The key to success … playing the hand you are dealt like it was the hand you wanted. No one cares what you folded. I am probably bluffing. Friends don’t let friends play bad cards. Don’t make me use my casino dealer voice. Night shift casino dealer powered by caffeine. It is not about the cards you are dealt.  It is about how you play them. As far as I can remember, I always wanted to be a gangster. Yes, I have a retirement plan.  I plan to go to the casino. A dollar won is twice as sweet as a dollar earned. Bridge.  It is not a game of chance. So what you your favorite T-Shirt quotes? My favorite one of all … “I would rather be at the casino.” Check out more interesting t-shirts at … Amazon.com Walmart.com Aliexpress.com      Read More →

There is big protests in France over the pension reform. Some reports said that over a million people joined the protests. The government wants to change the retirement age from 62 to 64 years. This means that the elderly will receive the pension 2 years later. The elderly said that the delay in the pension age is unfair. They have contributed to the state during their working lives, and they should receive their pension at age 62, as was promised. I wish to explain why the French government has to make this change. In general, people are living longer. If the retirement age is fixed at a certain age, the payout period will increase as the years go by, due to the longer life span. According to the World Health Organization, the life expectancy in France after age 62 in the following years was: 1990: approximately 18 years 2000: approximately 20 years 2010: approximately 21 years 2020: approximately 22 years It's worth noting that these are average estimates and that life expectancy can vary depending on a variety of factors such as gender, lifestyle, and socioeconomic status. It is costly to a country for a pension scheme to pay a pension for 22 years. This burden has to be borne by the working population. It can be a heavy burden. Based on my judgment as an actuary and financial expert, a reasonable payout period should be between 10 to 15 years. The suggestion by the French government to increase the pension age from 62 to 64 is reasonable. Based on a retirement age of 64, the pensioner can expect to receive a payout of about 18 years, which is higher than the upper band of 15 years that I have suggested. Normally, I prefer to be generous towards the elderly people. However, we should also be fair to the younger people, who have to pay a higher rate of tax to support the pension scheme which is becoming more expensive. I hope that the elderly people will consider the interest of the younger people as well. Singapore adopts a provident fund scheme, where a person keeps his contribution in his person account and received the balance in the account on the retirement age. This type of scheme does not have the financial problem faced by a pension scheme where the cost increases due to a longer lifespan of the pensioners.   Tan Kin Lian      Read More →