Man has still not found a way to store wealth, preserve prices & values.
90pc+ of US debt is held by domestic institutions.
National Debt is not an issue as long as the gov’t is able & willing to re-pay, even pre-pay.
There are also other factors that contribute to the incredible US strength: America subscribes to the rule of law, the basis of the US Constitution; the US$ based on the confidence factor is the international cross trading currency & sets the exchange rates, helps determine credit risk, credit rates, bond issues & interest rates; US is the largest economy & market in the world; US military might helps underwrite international confidence in the US$ & economy; the US governs the global security framework in co-operation with India, Japan, China & Russia; US has the Quad Initiative in the Indo-Pacific Theatre in co-operation with India, Australia & Japan; 60pc of economic & GDP growth in the US comes from innovation, US has cut off China’s access to innovations.
The US$ is the only currency that matters in the world. It remains a powerful weapon in economic sanctions.
We won’t go back to the gold standard. Gold cannot cope with the pace of economic and GDP growth.
The West will stand up for Principles. Read South China Sea and Russia.
The issues with Russia are Crimea and eastern Ukraine.
Moscow didn’t handle these two issues very well. Trump remains pro-Russia but couldn’t lift the economic sanctions against it. The Rouble has become practically worthless. The US$ would even more worthless if not for its international reserve currency status. Russia and China have been accumulating gold to cope with the US$ strength.
India has the largest amount of gold in the world but only for cultural reasons. Based on all the gold in India, a historical phenomenon, the country is the richest in the world. There’s no reason for India to use gold, like Russia and China, for economic reasons. India will only resort to gold if the US imposes economic sanctions against it. That won’t happen. India plays a key role in the global security framework led by the US and in the Indo-Pacific Theatre which has excluded China.
Malaysian Indian students also lost because MahaTHIEF withdrew the recognition for medical degrees from Crimea after a visit. He was shocked that 90 per cent of Malaysian medical students in Crimea were Indians.
Putrajaya has now made sure that the Health Ministry would not be held by an Indian.
It had no choice but appoint an Indian as HR Minister. So many trade unions in Malaya are controlled by Indians.
When smaller communities flood an area, they will inevitably control it. Medicine, law and HR are controlled by Indians. What’s amazing is that law is not controlled by Indian Tamil but the tiny Sikh and Sri Lanka Tamil communities. Indian Muslims are also quite prominent in law.
Now, after one term, the Bar Council is led by an Indian again. Even the previous head was Indian, albeit Muslim.
I am very sceptical of the court system in Malaysia. The country only pays lip service to the rule of law, the basis of the Constitution.
Just look at all the statements on the Allah ruling and one on syariah by Umno and PAS. How could any sane person make such statements?
The greatest danger to Malaysia is the refusal of courts to consider the merits of Applications for judicial review.
When the court cannot get away in JR, it drags out the case. It took 13 years before issuing the ruling on the Jill Ireland Allah case. The Federal gov’t, as advised by the Federal court, apparently refused to settle the matter out of court.
The Federal court has dragged out the MA case for more than two years. In the meantime, two Chief Ministers have been appointed. MA should have been returned within two weeks of 12 May 2018 to the CM’s post. Justice delayed is justice denied.
The sanctity of the Sabah Constitution should be upheld.
Once gov’t has been formed, we should not be knocking it. Otherwise, it’s detrimental to parliamentary democracy and tantamount to overthrowing lawfully established gov’t as happened on 12 May 2018.
SA should have been appointed CM on Sept 26 last year. He daren’t press his claim after having been party to illegalities on 12 May 2018.
The snap election on Sept 26 created crowding which led to transmission and spread throughout the country on the pandemonium disguised as pandemic BS.
The Federal court, in granting leave to MA before Sept 26, promised to end the power grabs in Sabah once and for all.
It said the Perak case law does not apply to Sabah since the Governor, not being sultan, has no residual powers.
Again, that will see the sanctity of the Sabah Constitution being upheld. This includes the Definition of majority.
This is the most wonderful Definition of its kind in Malaysia. The Federal Constitution should also have such a Definition to prevent political instability.
The genius of the PBS gov’t (1985 to 1994) was to introduce the Definition of majority in the Sabah Constitution.
The Federal court also promised to rule on 10 to 12 constitutional questions in Sabah. Let’s hope it happens by Christmas this year.
[16/03, 00:44] Selvaraja Somiah:
Musa Aman’s Federal Court hearing of his “rightful chief minister of Sabah” case, would be heard real soon.
The Federal Court has fixed the date for the hearing, 23rd March 2021 so I hear. This matter is still pending before the Federal Court.
The Federal Court granted Musa leave to appeal against the Court of Appeal’s decision to be recognised as the rightful chief minister.
Federal Court Judge Abdul Rahman Sebli said “the people of Sabah had the right to know whether Musa’s removal was done lawfully and in accordance with the Sabah Constitution.”
He also said the legal questions raised were of grave constitutional importance and have a far-reaching implication, which ought to be resolved by the Federal Court and should not be left hanging.”
After the 14th General Election, Sabah Barisan Nasional obtained 29 state seats, Parti Warisan Sabah (Warisan)-Sabah Pakatan Harapan obtained 29 seats, while Parti Solidariti Tanah Airku (STAR) won two seats.
Musa was sworn-in as Chief Minister on May 10, 2018 after STAR threw their supports towards BN.
Two days later, TYT sworn-in Shafie as Chief Minister after United Pasokmomogun Kadazandusun Murut Organisation (Upko) quit BN to support Shafie.
With this, the Federal Court can once and for all ascertain the legality of Musa’s dismissal as the chief minister and the subsequent appointment of Shafie as the chief minister.
The outcome of this case although academic is going to be very interesting as it has legal and constitutional implications at the Federal level.
A nine-judge Federal Court Bench would decide on this case and I have strong feeling that this is going to be a sweet victory for Musa Aman. Through my third eye!
Read further here . . .
John Lo is sitting on another planet.
The way forward is to train the PTI with vaccination certificates for niche areas in global production and export, global supply chain and logistics.
If the PTI are given IMM13 bla bla bla, they will cease being mean, lean and hungry, and become like Sabahans . . . that will result in a new wave of PTI entering Sabah to do the dirty, difficult, and dangerous jobs.
The PTI is not a new issue. It has been around since Merdeka 31 Aug 1957 and Malaysia Day 16 Sept 1963.
Under international law, the gov’t is responsible for underaged illegals. They have to be housed, fed and given schooling. Those who can produce a Form Five School Leaving Certificate are probably eligible to apply for MyPR (red identity card or permanent residence) or green MyKad (temporary annual residence).
The sky will fall down if the gov’t complies with the said international law.
Look at S’pore where the population is only 5m, likewise Sabah should not try to do everything under the sun.
Again, pick a few niche areas, keeping the global supply chain in mind and logistics, and go for the world’s largest producer and world’s largest exporter status . . . in the niche areas.
S’pore is in oil refining and electronics, among others.
For example, Sabah can offer to produce just ONE component for electrical vehicles worldwide including in India, China and Indonesia.
There will be economies of scale, internal and external. Train the illegal immigrants (PTI or pendatang tanpa izin). Banks can accept the Vaccination Certificate, it can serve as personal identity document, temporary annual residence permit and work permit.
Sabah should work with AirAsia and others on logistics.
The country’s soils are very poor. The climate leaches the grass. It cannot be a food producer like Australia and New Zealand.
Sabah has no large local labour reserves and no large areas of open land. Most of the land, mountainous, belong to the Orang Asal under Native Customary Rights (NCR).
Gov’t land is for forests.
The pandemic has nothing to do with the PTI issue.
Putrajaya cannot insist on winning every judicial review case.
Federal gov’t falls back on administrative law to govern, gets upset if judicial review filed.
Sikh use Allah in their Holy Book, Putrajaya doesn’t consider that a threat to public order, public health and morality.
Home Ministry can’t deny acting unreasonably, illegally and irrationally against Christians.
Article 8(1), Article 12(1), say no discrimination.
Federal court ‘revisits’ Herald’s Allah ruling after Jill Ireland, human rights advocate Jambun cries ‘Ya Allah!’ . . .
Ananda Marg case not related to Herald, public order not affected by Allah in Malay print.