Wednesday, 18 May 2016

ECONOMIC TRAGEDY LOOMING ON THE HORIZON

What did you do on Tuesday, 19 April 2016? Life as usual? So did most Malaysians and the rest of the world. 

What many people didn't know was that, on 19 April 2016, China was rolling out its new gold-backed yuan. Nobody in Malaysian media talks about it. Why would they? This story won't sell their papers.

The actual truth was, China has been quietly accumulating a significant amount of gold bullion in recent years. They are now the top producer and top consumer of gold in the world. They are believed to keep all of their domestic production, plus import significant amounts from other nations. In addition, they have been buying up gold mines around the globe at steep discounts and bringing home gold they had stored in London, New York and Switzerland.

After accumulating all of this gold, along with their close ally Russia, many believe they will eventually break the metal free from the price manipulation undertaken by the banks/governments in the United States and United Kingdom. Once price discovery moves from West to East, they will allow the price to float to free-market levels and the value of all the gold they have been accumulating will skyrocket.

Removing the gold price suppression will be accompanied by wholesale dumping of U.S. treasury bonds and test the world’s faith in the US dollar debt-based fiat currency system. This will give China, Russia and others a greater influence in world financial markets and better stability in their currencies. It may give them a considerable strategic advantage over the United States, a nation that many believe no longer has the gold that they claim. Indeed, with a lack of a comprehensive audit and unwillingness of officials to allow one, many believe the gold is no longer in Fort Knox.

Now we move to the really interesting part of this story. Not only has China been accumulating huge amounts of gold (on and off record), but they also launched their own international gold trading platform on the SGE. It has become the largest physical gold exchange in the world, with an estimated 52 times more physical gold withdrawals versus the predominantly paper exchange of the COMEX.

Fast forward to the first week of 2016 and China is warning foreign banks that they must participate in Yuan-based gold price fixing or lose their Chinese gold import rights. This first-ever Chinese benchmark is set to launch in April of this year and could be a game-changer for gold prices moving forward.

If you believe that the gold price has been suppressed in order to maintain faith in fiat money and allow governments to continue deficit spending to secure their power, it is logical to conclude that gold prices may rise sharply as the disconnect between paper and physical pricing intensifies. And it would make sense for China, Russia and other BRICS nations to push for such a transition, as it would diminish the dominance of the United States in global trade and finance, leveling the playing field.

What has that got to do with you, you say? CEO of JP Morgan Chase has ominous warning of economic tragedy on horizon.




Monday, 9 May 2016

Sunday, 8 May 2016

SELAMAT HARI IBU!


Thursday, 5 May 2016

HOW TO MAKE BETTER DECISIONS FASTER


Decision-making overload is a common experience among managers. But you can process choices more efficiently and achieve better outcomes by using a checklist:
  1. Write down five company goals that will be impacted by the decision. This helps you avoid the rationalization trap of making up reasons for your choices later.
  2. Write down at least three realistic alternatives.
  3. Write down the most important information you are missing.
  4. Write down the impact your decision will have a year from now.
  5. Get buy-in from a team of at least two (but no more than six) stakeholders. Hearing different perspectives reduces your bias, but bigger groups have diminishing returns.
  6. Write down what was decided as well as why and how much the team supports the decision. This increases commitment and helps you measure results.
  7. Schedule a follow-up in a month or two to make course corrections.

Adapted from “A Checklist for Making Faster, Better Decisions,” by Erik Larson


Wednesday, 13 April 2016

I BURIED MAK TODAY


I buried mak after zohor today
My soul crimson red with pain
No longer will I hug her tenderly
Or kiss her wrinkled hands again

Mak, I love you so very much.
If I could have but one wish
I know what it would be
To see your loving face once more
To have you here with me

What can I say
To someone who has always been one of
The most essential parts of my world;
Someone who took me by the hand
When I were little
And helped to show the way

What do I say to someone
Who stood by to help me grow,
Providing love, strength, and support
So I could become the person
I am today?

What can I say to let her know
That she’s the best there is,
And that I hope I’ve inherited
Some of her wisdom and her strength?

What words would I say
If I ever got the chance?
Maybe I just say
'I love you Mak'...and hope she understands

Tuesday, 5 April 2016

THE GRAPEVINES TALK


Psssssst...is it true that our next PM is YM Tengku Razaleigh Hamzah? This is a question, not a statement, okay.

"EI INCUMBIT PROBATIO GUI DICIT, NON QUI NEGAT"


Readers are informed that some of the websites cannot be accessed because "...it violates the national laws".

The Latin expression, "Ei incumbit probatio qui dicit, non qui negat" literally means "the burden of proof is on the one who declares, not on one who denies", is the sacred legal principle that one is presumed innocent unless proven guilty.

The Malaysian Communication and Multimedia Commission (MCMC) pray tell all of us, the ordinary people of Malaysia...since when has this legal principle been changed to "presumed guilty until proven otherwise"? What 'national laws' are violated? And have you heard about "audi alteram partem", the people's right to a fair hearing?

These general legal principles are there for a reason, which is to maintain the people's confidence in the legal system.  Won't you agree that people should not be penalized by decisions affecting their rights or legitimate expectations unless they have been given prior notice of the case, a fair opportunity to answer it, and the opportunity to present their own case?

Monday, 4 April 2016

YOU CAN RUN BUT YOU CAN'T HIDE

Perhaps later we can have our own version of "The Wolf of Putrajaya"?

WSJ report can be accessed here.
#manamaulari