Background to Trump’s appeal to China on Bidens

Trump had suggested on Thursday that the Chinese authorities could help dig up dirt on Mr Joe Biden and his son Hunter’s business dealings in China. Trump is already facing a  very rapidly escalating political crisis because of an impeachment inquiry.

The impeachment inquiry focuses on a whistleblower’s claim that the president put pressure on the Ukrainian president to investigate Joe Biden, the former vice-president and his potential rival in the 2020 presidential race.

Trump has now exacerbated the situation by asking for help from China, a nation that his own White House labelled a “revisionary power”.

Here’s what the BBC says:

What about the Bidens in China?

In 2013, then vice-president Mr Biden went to China on an official visit, where he met Chinese President Xi Jinping and other officials.

Hunter Biden and his daughter joined the vice-president, who had travelled with family members before.

During the two-day visit, Hunter met a Chinese banker, Jonathan Li, who would eventually become a business partner.

Mr Li founded a private equity fund shortly after the trip, and Hunter was on the board, although a spokesman for the younger Mr Biden told NBC News they did not discuss any business during the trip and the fund had been planned months earlier.

Hunter Biden was also not an equity owner in the fund during his father’s term as vice-president, according to the spokesman.

Hunter has denied meeting any Chinese officials about the business. However, he reportedly helped arrange for Mr Li to shake hands with Joe Biden during his trip to Beijing, which stoked claims of influence-peddling.

This August, Republican Senator and Finance Chairman Chuck Grassley questioned Hunter’s actions on the trip.

He said the younger Biden had a “history of investing in and collaborating with Chinese companies, including at least one posing significant national security concerns”.

https://www.bbc.com/news/world-us-canada-49924579?intlink_from_url=https://www.bbc.com/news/world/us_and_canada&link_location=live-reporting-story

There is also a story that a Chinese SWF invested a billion US$ in a hedge fund connected to Hunter. No credible evidence of this.

 

Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor

 

 

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57 Responses to “Background to Trump’s appeal to China on Bidens”

  • Haigen-Diaz:

    To avoid the first, he is asking China to dig dirt on his political rivals. The quid pro quo might be signing a trade agreement to end the trade war. The economy will react to that immediately.

    To avoid the second, he is also asking China to dig dirt on his political rivals and, he probably has a list of countries to add for the same purpose. Because, if he is so public about it, “it is not wrong or illegal”. So if criminal conduct is done in the open it is OK?
    It sounds like the mafia to me.

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  • MarBowling:

    Joker D Trump and Mai Hum have same or similar DNA! Period.

    Subordinates and folks around BOTH of them are very very AFRAID to VOICE their Opinion, whether IN FRONT or at the BACK……afraid Kenna slap left and right! THERE IS NO WRONG, ALWAYS RIGHT IN BOTH THEIR WORDS AND ACTION!

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  • RDB:

    Article writer CI, worry about Sg Peeing And Pooing gagament lah. Why so “kaypoh” for what reasons hah?

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  • oxygen:

    GONAD TRUMP boy is stupidly wrong. He thinks a political prostitute can choose his/her customers in desperation.

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  • Harder Truths:

    This is what happens when any country gets too close to either the USA or China. The country becomes a bone to fight over their own issues.

    What happens to the country? If the USA sanctions it then it is f**ked. If China does not trade with it then it is equally f**ked.

    Some politicians of this tiny communist island pretend they are somebody. When businesses and people start leaving in droves – then let’s see if their big mouths can threaten the big boys.

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  • John Richards:

    Frankly all this talk about Trump being afraid of his ‘rival’ Biden is just plain nonsense. The Dems know that they can’t beat Trump in 2020 so are desperately trying to get him removed before that.

    If you only read one side of the issue, it’s easy to believe that Trump is the bad guy. The main stream media over there is much like the ST in Singapore backing PAP all the way. Trump will win the whole impeachment thing and triumph in 2020 elections. Make no mistake.

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  • Haigen-Diaz:

    oxygen:
    GONAD TRUMP boy is stupidly wrong. He thinks a political prostitute can choose his/her customers in desperation.

    @ oxygen
    He also said, incomprehensibly, that he is still in discussions with China. In an unveiled threat, he boasted that he had an upper hand on Xi. If that was a strong-arm on China as one of the crooked tines on his fork, it’s going to fail. The Chinese, already weary of the taunts of the toddling two-year old, have demonstrated that they don’t need American cattlemen’s steaks; farmers’ hogs or their corn and soybeans.

    MAGA nation hasn’t been paying attention; those billions in agricultural income aren’t coming back. And winter’s on the way. But this oblivious president thinks that China will reverse its course and help their tormentor in his re-election bid with the goods on Hunter Biden?

    The Obama gravy train is slowing to a stop. Any sensible policy by the “very stable genius” could have milked it into the general election next year and he could plausibly gain credit with independent voters and make a case to keep the thing going. Not so now. The economy will tank and the farmers, overwhelmingly Trump fanboys, will see only the top tier get well.

    Nuclear negotiations between the US and North Korea broke down on Saturday, with both sides delivering conflicting verdicts. The US has denied that its day of nuclear talks with North Korea ended in failure, insisting that “good discussions” were had. Ha-ha-ha…

    Selective bailout, yes? Who won?

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  • John Gross:

    Watch this and be informed:

    https://video.foxnews.com/v/6092605085001/#sp=show-clips
    The scared Democrats

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  • UniQ:

    I am utterly shocked how many of you guys are against Trump.

    Seriously, my take is that you guys are so taken in by the Corrupt News or you guys are not doing proper research or having actual connection with Americans per se.

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  • Flabbergasted:

    You think XJP n China will give a shit about this white piece of racist shit?

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  • Haigen-Diaz:

    John Richards:
    Frankly all this talk about Trump being afraid of his ‘rival’ Biden is just plain nonsense. The Dems know that they can’t beat Trump in 2020 so are desperately trying to get him removed before that.

    If you only read one side of the issue, it’s easy to believe that Trump is the bad guy. The main stream media over there is much like the ST in Singapore backing PAP all the way. Trump will win the whole impeachment thing and triumph in 2020 elections. Make no mistake.

    @John Richards, but this is the problem. You convince me more and more that the Democrats are powerless nationwide to actually do the right thing and honestly ELECT President Trump out of office by presenting a strong Democratic candidate whom the country can unite around. If you can’t elect him out, then investigate/impeach/editorialize him out, eh?

    Trump keeps breaking the law and has now tried to blackmail a foreign country into making up dirt about a rival and interfering in the elections by illegally holding foreign aid hostage. Fox News, Rush Limbaugh, et al. have played a huge role in ‘weirding-out’ the psyche of various, mostly male, citizens. A toxic brew that’s hard to fully understand. You refuse to see this. So I am certain that you will also refuse to see it if Trump loses the election. Fox News and Brietbart will tell you Trump actually won, and you will choose to believe it.

    Democrats need to prepare for the worst, including Trump refusing to leave office — but they can’t blink on the necessity of moving forward on impeachment. Fear of “chaos” is the same rationale used by authoritarians everywhere to justify perpetuation of their power. The people of Hong Kong aren’t currently listening to that party line, against a vastly larger opponent, and I don’t expect the majority of Americans will either.
    Godspeed Pelosi, Schiff, and company.

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  • Rabble-rouser:

    @ Haigen-Diaz, oxygen:
    US politics getting very hostile & the political machinations very messy in the lead up to the 2020 Democratic Party’s Nomination exercise & Trump’s own re-election bid. This madness will get worse as 2020 gets closer in our calendar.

    The US are already showing clear signs that they are in economic slowdown. The US gravy train IPO circus has derailed – Lyft, Uber & Peloton IPO listing have all gone underwater! WeWork is now in shambles after it’s IPO valuation went from hero to zero! Sharks (bond short sellers) are now circling their CMBS.

    The Central Banks’ coordinated drive to send Interest Rates down to either zero or even negative runs counter to the emerging “real” market conditions of a looming Global liquidity crisis & a shortage of US$ when lots of US$ bond re-financing are coming due! The Global Economy is in a S**tstorm!

    And I’m getting pasted on by PAP IBs whom nitpick on obscure facts to cloud my arguments, not even understanding the real ‘serious” situation S’pore is in. Then again, Karma is a b**ch & when the truth hits home in 2020 & their jaws dropped to the floor. I will have the last laugh!

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  • UniQ:

    Allow me to state an abundance of argument here regarding Trump’s MAGA. Brothers that have alternate views, please do not take offence of what is being stated in this post. I am just compelled to project what I knew with my constant dealings (in businesses, not finance) in both USA and Europe.

    Trump is an elected president by the people (that already is a fact). Forget about the Russian Hoax as its already been proven and thrown out after 36mths and more than 30 Millions of the ppl’s $.

    As a ppl’s elected President, I see no wrong his priority in looking after Americans (Regardless of color). We wish we have leaders that look after Singaporeans instead of FTs. Thus bringing jobs back to create employment inside the USA is no wrong ! Which other countries suffers from this, its THIER elected leaders to solve it – sounds logical ?.

    CCP is all out about China, and do not give a hood how other countries feel or suffer too, example the port in Pakistan, highways in Philippines, Casino and Port in Cambodia, etc. When repayment of loan to them are not possible (which the CCP knows) they took over these strategic points with no remorse. Why no one utter a sound ? $$ ? What would your children face with a too powerful China ? Anyone consider sacrificing your children for a couple of Millions ?

    South China Sea is already destabilized with ‘concurred’ islands (as close as 12nm) from the country’s shore !! NOT giving an once of consideration to more than 50 years of stability in this region. Any one sounds out ? $$ again ? What would your children face with a destabilized SE Asia ? A couple of Millions $$ again ? Remember China is everything about the CCP. Nothing about China as a country. Already, China has posted Nuclear Missiles that could reach Singapore immediately in the evening after LHL extended the Naval Base Deal. You think CCP gives a Damn about sovereignty ?

    Now, if the world do not have a Trump to challenge and check this raising power ? You have a president that do not even take a cent in salary after he took office and not even his children are drawing any remuneration from the white house helping the American poverty.
    Household income has risen for the first time since its ever decline for more than 35 years. Unemployment is at its 50 years low. For the first time, Medicine is affordable for the unaffordable !! I wonder does anyone go check ? or rather speak to some Americans living through all the different states ?

    You have a President that being threat on impeachment since he took office and still stay Focus on looking after the ppl. I wish I have a president like this in Singapore. For years, the colored Americans were sent to jail without proper judiciary proceedings thousands have their cases re trialed when Trump…

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  • Always Remember:

    Especially for “tiny island”, there is no such thing as “neutral”.

    The fact that superpower asked you to be “neutral”, is itself already not neutral. Superpower fear a “tiny island”? That is why China will never asked North Korea to be “neutral” or it can ever be one.

    The question is always which is the lesser of the 2 evils;

    A superpower that can impound your shipment on a whim or a superpower that you can “big mouth” whatever and whenever you want yet will never threaten you when you “pretend they are somebody”?

    Harder Truths:
    October 6, 2019 at 11:49 am (Quote)

    This is what happens when any country gets too close to either the USA or China. The country becomes a bone to fight over their own issues.

    What happens to the country? If the USA sanctions it then it is f**ked. If China does not trade with it then it is equally f**ked.

    Some politicians of this tiny communist island pretend they are somebody. When businesses and people start leaving in droves – then let’s see if their big mouths can threaten the big boys

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  • UniQ:

    changes the 9 circuits Judges (remember hoax Kavanagh case to block him ?). Ask Kamala Harris, how many ppl she has sent to jail without proper trial ? or even burring evidence of innocence ?

    Has anyone asked why the constant impeachment to this presidency since he took office ? Is it the Elite forcing against the ppl’s wishes ? If trump is so bad, does anyone knows that he is able to raise $25M in 24 hours from the Americans for his Reelection Campaign ?

    No one calls the current deep state situation a coupe de ta for nothing. It has been almost 2 weeks since this Ukraine scandal and screams of impeachment, does anyone ask why Pelosi has not put the impeachment to vote in both the congress and senate is she has a case ? Why Adam Schiff has to contort the actual transcript during is congressional committee instead of reading the actual Transcript between Trump and Zelensky ? Adam Schiff has been going on CNN and MSNBC proclaiming he has actual proof of the Russian scandal and he is infact the chair for the Intelligence Committee. Where are the proof ? Mueller has written a 400 pages report, and none of Schiff claim proof ?? Does anyone knows why Jerry Nedler hates Trump so much ? Hint *both are developer in New York.

    Uncle Joe B has openly declare on televised World News on holding 1Billion in aid to Ukraine unless the Public Prosecutor investigating Burisma is fired ? Anyone ask why ? quid pro quo in its rawest form ?

    Which country do not have a border and CIQ to control illegal immigrants ? Why does hard working Americans have to bear illegal immigrants and their dependence education and medical bills that cost Billions annually ? Would any Singaporeans allow this ? Not serving NS and yet allow to apply for BTO once turned Citizen ? or enjoying what our forefathers have build and created our peaceful way of life and being picked as xenophobic when the new citizens should be properly interviewed and educated to accept the way of life here prior to be given citizenship much less to the entire family ? Is there something wrong here ?

    Read and research the neutral news, monies distribution in the world has went on its head, and if a reform is not made to how monies should be redistributed in the future, I foresee majority will suffer poverty once the Elite devalue the currency. which I can see if the finance industry allows the current system to proceeds. $$ are being inserted with no real money available, Gold and Silvers are being traded with no actual physical availability !! Many countries are allowing their currency to turn Fiat. This is very scary if left unchecked.

    Views are diversify, I only state my views. I can’t even call myself versed in Finance. I feel that I need to share what I have known thru my everyday life.

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  • UniQ:

    ** Correction **

    If trump is so bad, does anyone knows that he is able to raise $125M in 24 hours from the Americans for his Reelection Campaign ?

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  • UniQ:

    And these are $5, $10, $20 donors !!

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  • Please Lah! Rabble-rouser:

    China economy is already slowing down!

    China slowdown persists as industrial economy posts worst growth since February 2002

    https://www.scmp.com/economy/china-economy/article/3022685/china-slowdown-persists-industrial-economy-posts-worst-growth

    China’s Economy Falters; Slowest Growth In Nearly 3 Decades

    https://www.npr.org/2019/07/15/741735791/chinas-economy-falters-slowest-growth-in-nearly-3-decades

    China Injects $126 Billion Into Its Slowing Economy

    https://www.nytimes.com/2019/09/06/business/china-economy-reserve.html

    Rabble-rouser:
    The US are already showing clear signs that they are in economic slowdown.

    You can tell who are neither PAP IB or Oppo – they are always singing praise of one particular superpower and badmouth one other. The world’s problem is always caused by this one other superpower while the world’s solution is always best from that particular superpower.

    Very easy to spot.

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  • John Gross:

    More- watch this and be informed:

    https://video.foxnews.com/v/6092770380001/#sp=show-clips

    Swamp Watch: The Bidens and Ukraine

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  • John Richards:

    @Haigen-Diaz

    Fact is they haven’t proven the whole ‘quip pro quo’ allegation with regard to his phone call with Ukrainian President. This is very much like the whole Russian collusion thing that came to nothing. Everybody knows that it was Hillary Clinton who colluded with the Russians. The proof exists. The very same person who destroyed 30,000 emails from private servers. And her private servers at home mysteriously caught fire and were destroyed! I smell a rat.

    BTW … the proper procedure for impeachment is to put it to a vote before Congress. Pelosi is avoiding that because she wants to prevent Trump from issuing subpoenas to call witnesses. This is a cowardly and crooked move not designed to get to the truth.

    And Pelosi’s right hand man Adam Schiff is the biggest liar there is. Like I said earlier, check both sides of the issue. I have.

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  • John Richards:

    @Haigen-Diaz

    Here’s a video posted by John Gross earlier is the ‘Comments’

    https://video.foxnews.com/v/6092605085001/#sp=show-clips

    You can find many more such videos on Youtube.

    I suggest you watch it before jumping to conclusions. It’s a pity if you refuse to watch it just because you HATE Trump.

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  • the due date in 2021:

    //And I’m getting pasted on by PAP IBs whom nitpick on obscure facts to cloud my arguments, not even understanding the real ‘serious” situation S’pore is in.//

    aiyoh. “obscure facts to cloud my arguments” are not for the consumption of those discerning ones like you lar, it is to keep the daft remaining as daft so that the white monkey idiots and gang can continue with their wayang and still get over compensated nicely lar ?

    //Then again, Karma is a b**ch & when the truth hits home in 2020 & their jaws dropped to the floor. //

    could the elrection happen in dec19 (highly speculated lar & hor ?) because of the above (all the potential bad news ?) and pushed forward so far away from the due date in 2021 hor ?

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  • Haigen-Diaz:

    Rabble-rouser: The Central Banks’ coordinated drive to send Interest Rates down to either zero or even negative runs counter to the emerging “real” market conditions of a looming Global liquidity crisis & a shortage of US$ when lots of US$ bond re-financing are coming due! The Global Economy is in a S**tstorm!

    And I’m getting pasted on by PAP IBs whom nitpick on obscure facts to cloud my arguments, not even understanding the real ‘serious” situation S’pore is in. Then again, Karma is a b**ch & when the truth hits home in 2020 & their jaws dropped to the floor. I will have the last laugh!

    The PBOC was showing no signs of panic. The central bank rolled over 383 billion yuan ($54 billion) of medium-term facility loans with interest rates unchanged at 4.35%, since October, 2015 to 4.25% recently. While the world’s largest central banks are racing toward zero rates, the PBOC has been sitting on the sidelines, saving its firepower for later.

    As the United States might think, China is not as desperate for a trade deal. The hot button and vulnerability of Trump is the need to sustain a rise in equity market prices and any downturn or market collapse would hurt him and his chances of re-election. Prepare for the rhetoric and attacks on Powell and the Fed to escalate as the blame-deflecting efforts grow…

    ‘Political correctness’ doesn’t hinder free speech – it expands it,” which is what I actually believes. The problem with PAP IBs trolls is about maturity and consideration, not about the characteristics of either party or right or left. There’s saying. “What can you expect from a pig but a grunt.”

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  • Haigen-Diaz:

    @ Rabble-rouser, oxygen

    Latest read:
    Singapore’s worrying trend of homeowners defaulting on mortgages.

    https://www.msn.com/en-sg/money/topstories/singapores-worrying-trend-of-homeowners-defaulting-on-mortgages/ar-AAIo5GH?li=BBr8Cnr

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  • oxygen:

    GONAD TRUMP is NOW offering his backside to the highest bidder with or without “protection”.

    If he got re-elected, the world is in catastrophic trouble.

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  • oxygen:

    @ Haigen-Diaz

    YES, I SAW THAT – a lot worst to come.

    Haigen-Diaz: @ Rabble-rouser, oxygen

    Latest read:
    Singapore’s worrying trend of homeowners defaulting on mortgages.

    https://www.msn.com/en-sg/money/topstories/singapores-worrying-trend-of-homeowners-defaulting-on-mortgages/ar-AAIo5GH?li=BBr8Cnr

    Former top Swiss banker is right.

    Money is not worth anything anymore’: Ex-Credit Suisse CEO criticises negative interest rates.

    https://www.smh.com.au/business/markets/money-is-not-worth-anything-anymore-ex-credit-suisse-criticises-negative-interest-rates-20191007-p52yaj.html

    BUBBLES EVERYWHERE WAITING TO IMPLODE.

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  • Haigen-Diaz:

    John Richards:
    @Haigen-Diaz

    Fact is they haven’t proven the whole ‘quip pro quo’ allegation with regard to his phone call with Ukrainian President. This is very much like the whole Russian collusion thing that came to nothing. Everybody knows that it was Hillary Clinton who colluded with the Russians. The proof exists. The very same person who destroyed 30,000 emails from private servers. And her private servers at home mysteriously caught fire and were destroyed! I smell a rat.

    BTW … the proper procedure for impeachment is to put it to a vote before Congress. Pelosi is avoiding that because she wants to prevent Trump from issuing subpoenas to call witnesses. This is a cowardly and crooked move not designed to get to the truth.

    And Pelosi’s right hand man Adam Schiff is the biggest liar there is. Like I said earlier, check both sides of the issue. I have.

    Really? Come on, John. Surely you realize there are legal mechanisms for launching such an investigation. Asking a foreign power to do it for you is not one of them. Joe Biden, nor President Trump, nor their respective children are above the law. If there is evidence of criminal wrongdoing on the part of Biden or his son, then the president should open a formal investigation. It is not reasonable to solicit assistance from foreign governments to do this. The United States has a formal legal apparatus and does not need to borrow the legal apparatuses of other countries.
    Certain not China’s!

    Hunter Biden has done a bunch of shady things. No doubt about that. Everything that’s been previously investigated, and that covers a lot, suggests that he capitalized on his name, and it’s all pretty sleezy and makes people uncomfortable. But there’s no evidence that Joe Biden himself did anything wrong, broke any laws, or acted in bad faith at any stage. It’s a shame his son hurts his political standing (although I don’t think much of him as a candidate, anyway). But explain why Trump is so focused on this, specifically, and hasn’t brought up any other corruption issues that need to be investigated? There’s absolutely no good reason for him to be focused on this except for his own political gain.

    Sure, investigate Joe and Hunter Biden through an investigation conducted by US officials only after Trump and his family, including Kushner, are thoroughly investigated for money laundering, tax fraud, self enrichment etc etc etc. Let’s see those tax returns and bank records. How much has Kushner personally benefited from his position and Saudi Arabia? Inquiring minds want to know!……

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  • Haigen-Diaz:

    - Cont’d

    Let’s talk also about how Trump’s children and son in law have cashed in their father’s position. One example, Jared was denied a loan from Qatar for his real Estate deal. Next thing you know, Trump started tweeting against Qatar and nobody could figure out why he was picking on Qatar which are our friends and we have bases there. Qatar then miraculously had a change of heart and approved Jared’s loan. Trump then stopped attacking Qatar.

    I am of the opinion that the Trump administration will continue its game plan of denying and disrespecting and ignoring Congressional subpoenas. In this case, the House must then petition the courts for redress. Given that the Supreme Court is now on the clock for the 2019-20 session, it may be that the it may, sooner than later, have before it a case in which it has to decide if what the president is hiding is legitimate executive privilege or impeachable wrongdoing.

    Donald Trump will claim executive privilege. The John Roberts Court will, to either preserve or destroy the nation, may be forced to decide just exactly what a president may need to responsibly conduct affairs of state. Their decision must not be an imprimatur for a president to conceal crimes.The courage of this whistle-blower puts into stark relief the cowardice of Robert Meuller who refused to take an unequivocal stand. Instead he halted and cited a Justice Department memo about not indicting a sitting president and used a bunch of double negatives. Even with Barr’s pre-spin of the findings, Meuller could have, at any point, made things crystal clear for the American people.

    I think the American people are finally (*finally*) realizing just how great a threat to the nation this aberrant president is. They face two choices: (1) allow Donald Trump’s (and those of his attorney general and other Cabinet officials) to continue unpunished and slowly slide into a dictatorship because there would be no rule of law; only of personal, vindictive, unpredictable whim; or (2) respect the right of Congress to inquire closely into every act of unpresidential conduct without prejudice, especially when the Ukraine affair is so cleanly and neatly delineated by the president’s own candid admission.

    Let’s just hope we can get rid of Trump this time. Not only for US but for the sake of the whole world as well! Quid pro quo anyone?

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  • Rabble-rouser:

    @ The Tiresome Nitpicker:
    You are Oink! Oink! in TRE

    “The problem with PAP IBs trolls is about maturity and consideration” Well said!

    To you, Grow Up! Little Boy or Girl!

    Haigen-Diaz: “WHAT CAN YOU EXPECT FROM A PIG BUT A GRUNT.”

    the due date in 2021:…not for the consumption of those DISCERNING ONES LIKE YOU LAR, it is to keep the daft remaining as daft so that the white monkey idiots and gang can continue with their wayang and still get over compensated nicely lar ?

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  • Rabble-rouser:

    @ Haigen-Diaz, oxygen:
    The Global Economy is at an Inflection Point!

    What amazes me is S’poreans’ lackadaisical attitudes, the PAP’s Eternal Optimism & their MSM Propaganda Machine’s control over the Informative Landscape!

    The majority of S’pore society were either voiceless (unable to articulate their problems) or bought onto PAP’s Prosperity Culture (Amassing Debt, rather). Is S’pore really mentally prepared for a Global S**tstorm or are the people are mentally trapped in their own idyllic world?

    The 2019 ND Rally Speech bring more monies being thrown into Infrastructural Spending re: Great Southern Waterfront Development which overshadows the shift of PSA port & container facilities to Tuas! Is it a fiscally viable plan or simply, extravagant spending with monies that S’pore doesn’t really have?

    The whole Island is like in a Work-In-Progress Construction Zone! In most places, you can see a looming oversupply of residential housing units being constructed!

    One Big Question: For whom? S’pore already has one of the highest home “ownerships” while the key demographic of population are ageing!

    There are just too many Business Conceptual Plans & Developments being built @ One-North, Paya Lebar, Woodlands, Punggol, Jurong, etc. Another question: For whom? The Investment Climate is deteriorating rapidly. Does anybody thinks all these looming supply of Commercial Spaces once onstream would be filled up?

    WeWork’s rapidly decline just on the brink of their impending IPO could be a catalyst for the decline for Commercial Space (Brick ‘N Mortar Structures). Cornering the market for office space using easy monies from Venture Capitalists & easy financing vehicles like Commercial Mortgaged Backed Securities (CMBS), WeWork amassed a huge long-term liabilities working their short term leasing Co-Working Space business model. Notice the similarities between WeWork & S’pore’s obsession with expanding space (Brick ‘N Mortar).

    It could proved be a False Dawn for their optimistic Developers & Investment Vehicles who built those Commercial Buildings thinking that there is true demand! Potentially, White Elephants & possibly, Sunken Investments!

    There are no heroes in the political drama being played out in today’s geopolitical stage. Those political actors are too well-paid with added Entitlements, Privileges, Benefits, to bear the aftermath consequences for a collapsing Global Economy!

    It will be the people! Can S’poreans survive when the s**t hits the ceiling fan or they simply don’t have an umbrella to protect themselves!

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  • MarBowling:

    Haigen-Diaz:
    October 7, 2019 at 2:58 pm (Quote)
    @ Rabble-rouser, oxygen
    Latest read:
    Singapore’s worrying trend of homeowners defaulting on mortgages.
    https://www.msn.com/en-sg/money/topstories/singapores-worrying-trend-of-homeowners-defaulting-on-mortgages/ar-AAIo5GH?li=BBr8Cnr

    Response: think most young professionals amongst the 69.9% STILL have FOOL confidence with Mai Hum and his future undertaker oops caretaker Heng Heng in running the cuntry! Driving around you can see lots of towering cranes all over the shop, ramming up new public housing to accommodate the expected increase of SinKapore population up to 6.9 million or 10 million as suggested by ex-URA Indian Chief Lewd Tiger!

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  • inside is not within:

    //SinKapore population up to 6.9 million or 10 million as suggested by ex-URA Indian Chief Lewd Tiger!//

    https://en.wikipedia.org/wiki/Hong_Kong

    hk population = 7.4m = current results ?

    if sinkie land reaches 6.9m or 10m (encouraged by open-leg policy) = ??????? (more chat-ba-lang vege mix rice) ?

    every tua-liak white idiot (in order to lend credence to the white idiotic policy) had to say some “stupig” thing to make a name in the history of sinkie land ? like one ex-white-idiotic-legal-eagle hor who mentioned “inside is not within”, so clever and smart of him to plp to such extent ?

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  • John Richards:

    @Haigen-Diaz

    Yes I fully understand there are legal mechanisms in place for investigating corrupt officials. But what if the proof and evidence is in the foreign country? You have to ask them for help! Which is why there are agreements between the Ukraine and the US, and also between the US and China to cooperate with each other to investigate corruption. In other words, Trump did not do anything wrong.

    Just watch it all play out. Trump will still be President going into the 2020 elections!

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  • MarBowling:

    Haigen-Diaz:
    October 8, 2019 at 1:37 am (Quote)

    “Let’s just hope we can get rid of Trump this time. Not only for US but for the sake of the whole world as well! Quid pro quo anyone?

    Response: yes, this is! He is Mai Hum! Quid pro quo is evident on 3-4 Jul 2017 in ParLeeMent when he CLEANED and CLEARED himself of accused ABUSE of POWER of using state organs for his personal GAINS! Who were the folks involved in the Quid pro quo? Everyone knows who they were except the 69.9% goons don’t know! The other Quid pro quo incident is the SELECTION instead of the Lawful Election of our current Pre$ident! So in the coming GE we hope to get rid of Mai Hum and Gang this time. Not only for our beloved country but for the sake of our children and future generations!

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  • Haigen-Diaz:

    MarBowling:
    October 7, 2019 at 2:58 pm (Quote)

    Response: think most young professionals amongst the 69.9% STILL have FOOL confidence with Mai Hum and his future undertaker oops caretaker Heng Heng in running the cuntry! Driving around you can see lots of towering cranes all over the shop, ramming up new public housing to accommodate the expected increase of SinKapore population up to 6.9 million or 10 million as suggested by ex-URA Indian Chief Lewd Tiger!

    @ MarBowling

    See above. Rabble-rouser, oxygen are broaching on the specifics and they are seeing it pretty clearly. Kudos!

    This problem is much broader than just about overreaching population/infrastructure. With economic advance and accompanying social responsibility, the problems facing government increase in both complexity and diversity, not arithmetically but geometrically.

    There must then be either a knowledgeable electorate intellectually abreast of these issues and decisions, or a more or less total delegation of them to the state and its bureaucracy. Or there must be surrender to the voices of ignorance and error. These, in turn, are destructive of the social and political structure itself.

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  • Haigen-Diaz:

    John Richards:
    @Haigen-Diaz

    Yes I fully understand there are legal mechanisms in place for investigating corrupt officials. But what if the proof and evidence is in the foreign country? You have to ask them for help! Which is why there are agreements between the Ukraine and the US, and also between the US and China to cooperate with each other to investigate corruption. In other words, Trump did not do anything wrong.

    Just watch it all play out. Trump will still be President going into the 2020 elections!

    @ John Richards:

    It’s my understanding that all trump had to do to break the law was to ask a foreign country for help to damage a political rival, which he clearly did. A quid pro quo is not a necessary part of this equation, it just bolsters the picture.

    I guess the answer depends on your political leanings. As long as this is the case, the Dems impeachment ploy will be a total disaster. I would agree with you except for the fact that every one of those fusillades has been true. They weren’t made up, and if any ONE of them had been true of any other president at all, that president would have been impeached, censured, or forced to resign. It is the very fact that there has been so much actionable activity that Trump has so far gotten away with every single one.

    Sorry, but Trump was not elected by the popular vote. The popular vote went to Hillary by 3 million votes. Had it not been for the electoral college we would not be going through this nightmare presidency.

    Hopefully, the electoral college will be abandoned as it gives small states far too much power. Bear in mind that many of these Trump states are poor and enjoy subsidies provided by wealthier states like California.

    Bring on the impeachment(s)! So glad you reinforced this important point. Trump will do ANY thing to get this 2nd term. A.N.Y.T.H.I.N.G.

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  • oxygen:

    @Haigen-Diaz, @ Rabble rouser @ MarBowling

    LOOKING AT MOST RECENT TRENDS IN FINANCIAL MARKET SIGNALS coming out of NY,every time the major US mkt indices, DJIA, SPX, Nasdaq tanked noticeably, I have noticed the following happenings ;

    -US 10 yr treasury get caned
    - US dollar stable or even moving up slightly
    - spot gold firmer
    - oil price correct downward

    THE SIGNALS ARE OMINOUS. The falling US 10 yr treasury will add downward pressure on its 30 yr bond yield cousin. Central banks will come under increasing pressure to lower interest rate pushing the world deeper into negative interest rate environment. Stable and rising US dollar accompanied by stronger gold price speak of fleeing to gold safe haven OUTSIDE US and US $$ refuge. Oil price decline portends weaker economy outlook as demand falls off despite recent attack on Saudi oil production facilities undermining supply security.

    Don’t know who are the idiots young professional still borrowing through their an*ses buying property – not knowing that next downturn/retrenchment means they are heading for mortgage default which means they can’t even pay JUST THE INTEREST COMPONENT OF THEIR LOANS BORROWING.

    MarBowling: Latest read:
    Singapore’s worrying trend of homeowners defaulting on mortgages.
    https://www.msn.com/en-sg/money/topstories/singapores-worrying-trend-of-homeowners-defaulting-on-mortgages/ar-AAIo5GH?li=BBr8Cnr

    Response: think most young professionals amongst the 69.9% STILL have FOOL confidence with Mai Hum and his future undertaker oops caretaker Heng Heng in running the cuntry! Driving around you can see lots of towering cranes all over the shop, ramming up new public housing to accommodate the expected increase of SinKapore population up to 6.9 million or 10 million as suggested by ex-URA Indian Chief Lewd Tiger!

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  • Rabble-rouser:

    @ Haigen-Diaz:
    Righto, Bro! The problems are the political mechanism which are unable to cope with increasing complexity of:
    * rapid Global technology which create disruptions & discontinuities;
    * with Global Climate Change which changes the liveable habitat & affects food production to feed growing populations; &
    * a fast deteriorating Global Economy wreaked by emerging parochial interests (fallout & backlash from Globalisation).

    Political games are a zero-sum equation where there are no clear winners. Only the administrators of the mechanism eg. Govt & their bureaucrats are safe from their policy failures & from management bungles. And the rich only get richer as they “bent” the rules to their favour (Crony Capitalism)!

    Where does that leave us (the voiceless & the powerless) compared to the Political leaders; their faceless, obedient bureaucrats & their crony capitalist mechanism? Their political narratives & policy proclamations are essentially hollow promises & empty rhetoric. Believe them at your own risk!

    And I’m a strong believer in the Pareto Principle ie. 80/20 rule! In fact, the Pareto Principle had shifted to almost 90/10 in view of the growing wealth disparity & rising income inequalities. It is believable these days to “know” that the 1% elites rich controls over 90% of the Global Wealth along with the collusion from 5% to 6% of their political cronies. Look at the problems with HK! Isn’t it a 90/10 issue?

    Where do we go from here? First off, you can’t think like the rest of the 90% masses. They’re doomed! Subject to their own coming genocidal fate!

    The next thing is always be thinking out of the box; never looking back & never assume “normal service will resume shortly”. We’re into a disruptive & discontinuous future! Take nothing for granted!
    - Cont’d -

    Haigen-Diaz: This problem is much broader than just about overreaching population/infrastructure. With economic advance and accompanying social responsibility, the problems facing government increase in both complexity and diversity, not arithmetically but geometrically.

    There must then be either a knowledgeable electorate intellectually abreast of these issues and decisions, or a more or less total delegation of them to the state and its bureaucracy. Or there must be surrender to the voices of ignorance and error. These, in turn, are destructive of the social and political structure itself.

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  • Rabble-rouser:

    - Cont’d -
    The last is always to “hedge” your living bets. No country nor political mechanism will be perfect to last. Ultimately, each & every political system will fail (be it capitalistic democracies, authoritarian socialism or outright dictatorship, etc). At the end, you yourself are the architect of your own survival!

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  • among blood family members:

    //This problem is much broader than just about overreaching population/infrastructure. With economic advance and accompanying social responsibility, the problems facing government increase in both complexity and diversity, not arithmetically but geometrically.//

    well, hard to pin on any one single factor ? complexity hor ? did the white idiots foresee it since they like to boast about their long term plans (not really knowing that the complexity can come in sudden short term burst ??) ?? or the many price increases in the past years in quite a number things are part of masking the the effects of long term ‘screw-ups’ ?

    but the human element (open-leg policy ?) will react (to stress ?) with the non human elements (externalities, space constraints, pollution, paying taxes to service / rectify the self creating problems (by the white idiotic policy since the white idiots are the dominant player having uninterrupted rule from one curry-party system lar ?) ?

    a country is just like a family ? a home is like a country and a family is like its people (the citizens) ? try having 20 children + 3 wives within a 3 room or 4 room flat ? OR a rich guy can try squeezing 50 children and 5 wives inside his big bungalow and see how lor ? see whether there will be a fight among blood family members if the master happens to favor some over the others lor ?

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  • John Richards:

    @Haigen-Diaz

    Hello again, just to make a point about quid pro quo. This is something that exists in all negotiations. For instance, the US-China trade war. Quid pro quo is only wrong if one or both parties benefit corruptly – as in the case with Biden and son.

    Also how can the Dems appoint Adam Schiff as Prosecutor when he is not only biased but is also an important material fact witness? Ludicrous!

    As for the current impeachment process against Trump, the Dems are controlling the narrative. They are only releasing bits of information taken out of context to cast aspersions against Trump. The text messages are a case in point. That’s exactly why the Dems moved the impeachment process from the House Judiciary Committee to the House Intelligence Committee. So they can have it all behind closed doors and prevent Trump from calling witnesses.

    The real reason the Dems are going all out to stop Trump is because the AG William Barr is investigating how and where the Russian collusion thing originated. And the Dems’ fingerprints are all over that investigation. Watch for it.

    And by the way, Trump was elected by the people. He did not create the electoral college system. That was put in place by the founding fathers I think (correct me if I’m wrong). For Hillary Clinton to point to the popular vote is just sour grapes. Note: Nobody has moved a motion to change the system.

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  • Haigen-Diaz:

    Rabble-rouser: Political games are a zero-sum equation where there are no clear
    winners. Only the administrators of the mechanism eg. Govt & their bureaucrats are safe from their policy failures & from management
    bungles. And the rich only get richer as they “bent” the rules to their favour (Crony Capitalism)!

    Where does that leave us (the voiceless & the powerless) compared to the Political leaders; their faceless, obedient bureaucrats & their crony capitalist mechanism?

    @Rabble-rouser, @oxgen, @MarBowling

    I would add that the wealthy don’t suffer reverses in a depression because they can wait it out. Unlike the middle class, they don’t have to spend their money and suffer permanent losses. In many ways recessions and depressions are an opportunity for the wealthy to acquire more wealth by buying up foreclosed real estate and failing farms and businesses.

    Just a few days ago there was news that the Fed suddenly released somewhere between 100 and 200 billion dollars in “repo” loans for banks – this is short term loans they need to keep enough collateral to satisfy regulations. Usually banks borrow these repo funds from each other, but it appears they’re all short at the same time now. Repo loan rates hit 10%, when they are usually 2%. Which means the bank made bets and loans that are not paying off as expected. The repo rates themselves are just the tip of the iceberg. The Federal Reserve has been buying bonds in an effort to make sure there’s enough liquidity in the system. The last time the Fed conducted a similar repurchasing operation was during the financial crisis.

    We’re seeing serious fear in the bond markets, with bond prices getting bid up in a “flight to safety” thus lowering yields.Trump’s lack of understanding of why we have a central bank (aka the Federal Reserve Bank) is monumental. The Fed is focused primarily, as its principal mission, on the stability of the financial system and monetary policies that strike a balance between inflation and economic growth objectives.

    Any signal that the Fed’s independence is under undue political pressure, especially from a sitting president, is a threat to financial stability. Basic Macroeconomics 101 courses teach the importance of the independence of central banks…..

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  • Haigen-Diaz:

    -Cont’d

    And Trump’s trade policies amount to all-out war on his fellow Americans – farmers, sawmill workers, autoworkers, and more. General Motors is losing $90 million a day, and thousands of auto workers are draining their savings. Yet there’s no end in sight for the longest auto workers’ strike in decades. As the GM strike enters its fourth week, company officials and union negotiators are still fighting about wages, retirement benefits, and the fate of an idled Chevy factory in Lordstown, Ohio.

    The points I raised in this thread are why many of us were anxious for a serious impeachment effort to begin. It’s not just about whether the Senate and the public will be moved to agree on Trump’s unfitness, or whether the politics will work out, etc, although strategically these things are very important. It’s about what can be done to slow down the destruction of norms, decency, good governance, the rule of law, climate stability, and a security net for millions worldwide. And Trump on the defensive and under the microscope is what’s needed to help stop the landslide.

    So, yes, impeaching Trump will be great for the economy. And great for humankind.

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  • Rabble-rouser:

    @ oxygen:
    S’pore property market over next next few years looks beyond redemption. The over-built situation in S’pore are so obvious especially after the EnBloc phenomenon which erupted circa 2017-2018.

    The looming oversupply numbers of residential housing units are simply too great to be absorbed even if the PAP re-enact their open-door foreigner influx policy circa 2004-2011. Then they got lucky with the easy money policies of US Central Bank QEs which re-inflated the Global Economy & raise all asset pricing to Asset bubble levels. Now, I have my doubts!

    And the current Global Economy is probably at the late stage of any Euphoric Manipulation ie. Interest rate cuts, negative yield, etc. The Elephants in the room are Unmanageable Debt Levels & Malinvestments! The Game is essentially over!

    No amount of Pump Priming can restart the Global Economy stalled by the US trade war against China, followed by the EU. Trade tariffs simply raises the cost of imports which essentially dampens consumer demand & overall consumption.

    And consumption were already only possible through creative debt financing schemes & by exhausting credit lines. Globally, Brick ‘N Mortar Retail concepts are failing with the latest, Forever 21 filing for bankruptcy. That is a bad sign!
    https://www.google.com/amp/s/www.bbc.com/news/amp/business-49874688

    One keen observer had already seen the many Millennial consumers are opting to buy clothing, shoes via credit installment plan through monthly payments instead of full payment at the cash register.

    New car production were already seeing a rapid decline of demand at the showroom floor. In the US, GM, Ford & Fiat-Chrysler are facing financial stress with sales numbers & having to adjust their production numbers!

    Banks are laying off staff by the thousands. First, Deutsche Bank, now HSBC! A negative yield scenario are killing bank’s basic business model at it’s core!

    oxygen: Don’t know who are the idiots young professional still borrowing through their an*ses buying property – not knowing that next downturn/retrenchment means they are heading for mortgage default which means they can’t even pay JUST THE INTEREST COMPONENT OF THEIR LOANS BORROWING.

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  • Haigen-Diaz:

    John Richards:
    @Haigen-Diaz

    Hello again, just to make a point about quid pro quo. This is something that exists in all negotiations. For instance, the US-China trade war. Quid pro quo is only wrong if one or both parties benefit corruptly – as in the case with Biden and son.

    Also how can the Dems appoint Adam Schiff as Prosecutor when he is not only biased but is also an important material fact witness? Ludicrous!

    As for the current impeachment process against Trump, the Dems are controlling the narrative. They are only releasing bits of information taken out of context to cast aspersions against Trump. The text messages are a case in point. That’s exactly why the Dems moved the impeachment process from the House Judiciary Committee to the House Intelligence Committee. So they can have it all behind closed doors and prevent Trump from calling witnesses.

    The real reason the Dems are going all out to stop Trump is because the AG William Barr is investigating how and where the Russian collusion thing originated. And the Dems’ fingerprints are all over that investigation. Watch for it.

    @John Richards.
    This revelation is not about Biden. It is about Trump, what he did and what he said. You need to remember that impeachment is a political action, not a prosecutorial one. It is undertaken because the official involved has violated the public trust in a fundamental way that can not be tolerated.

    Trump last phone call reveals in his own words and in the context of withheld military support for a beleaguered nation, the clear use of Presidential office for personal political reasons. This is the most transparent quid pro quo since 2016 and the manipulation of government and nongovernmental agents (Barr, the State Department, the OMB, private citizen Giuliani) all for personal — not national — purposes. The state is NOT Trump…..

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  • Haigen-Diaz:

    - Cont’d

    Bill Barr, attorney general, you may remember, was unable to answer the question by Sen. Kamala Harris, has anyone asked, suggested, hinted, etc. at you (AG Barr) opening an investigation on anyone? He inexplicably ducked what was a very straight forward question answerable by a simple yes or no. Barr is a problem for another reason. He has made it clear he will investigate anyone who he believes is investigating or challenging Trump. Hence the FBI ruled almost immediately, and somewhat surprisingly, that actually asking for help from the Ukraine was not a campaign law violation. Barr’s behavior has crossed so many lines that I frankly would like to see him investigated.

    Impeachment proceedings are akin to a grand jury proceeding. Federal and State Grand juries in this country return indictments everyday based upon hearsay. The reason is simple: The rules of evidence do not apply at this stage of a criminal proceeding. Moreover, the standard of proof is ‘Probable Cause’. Grand Juries have the power to investigate to seek evidence on behalf of the prosecution. Hearsay testimony assists investigators find witnesses, documentary evidence and the like.

    Trump defenders falsely state articles of impeachment must meet the standard of beyond a reasonable doubt and the House investigation must follow rules of evidence.

    Regardless, Trump and Giuliani have admitted to the conduct and ratified the transcripts of the call which in itself proves the impeachable act. Thus, the need to proceed with impeachment.

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  • oxygen:

    @ Haigen-Diaz

    OH MATE, I ABSOLUTELY AGREE with you on this one. Trump is an asset and wealth wrecker. One informed reliable source in LEE-jiapore told me he has made any money since Trump ascendancy and I know he is a great asset trader simply economy and market is so unpredictably wild of volatility.

    Trump’s tantrum and wild mental state benefits my bet in the gold “casino” but I realise the harsh realities, he is gonna destroy the world and mankind taking no hostage except perhaps the filthy rich.

    Haigen-Diaz: So, yes, impeaching Trump will be great for the economy. And great for humankind.

    and @ Rabble-rouser, this is spot on.

    Rabble-rouser: S’pore property market over next next few years looks beyond redemption. The over-built situation in S’pore are so obvious especially after the EnBloc phenomenon which erupted circa 2017-2018.

    The looming oversupply numbers of residential housing units are simply too great to be absorbed even if the PAP re-enact their open-door foreigner influx policy circa 2004-2011. Then they got lucky with the easy money policies of US Central Bank QEs which re-inflated the Global Economy & raise all asset pricing to Asset bubble levels. Now, I have my doubts!

    And the current Global Economy is probably at the late stage of any Euphoric Manipulation ie. Interest rate cuts, negative yield, etc. The Elephants in the room are Unmanageable Debt Levels & Malinvestments! The Game is essentially over!

    No amount of Pump Priming can restart the Global Economy stalled by the US trade war against China, followed by the EU. Trade tariffs simply raises the cost of imports which essentially dampens consumer demand & overall consumption.

    IN PREVIOUS GFC, GLOBAL ECONOMIES COOPERATE TO FIGHT RECESSION, NOW EVERYONE IS ON EACH OTHER BACK LOOKING FOR CARCASS TO FEED THEIR OWN HUNGER.

    Scare or not – for LEE-jiapore without a domestic economic sector ?

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  • oxygen:

    OOOPS, TYPO ERROR THERE, SORRY

    oxygen: he has made any money since Trump ascendancy and I know he is a great asset trader simply economy and market is so unpredictably wild of volatility.

    should be read as

    oxygen: he has NOT made any money since Trump ascendancy and I know he is a great asset trader simply economy and market is so unpredictably wild of volatility.

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  • TruBlu:

    Trump’s impeachment may not be all that bad for markets.
    These days, market behaviour is not the same as decades ago, what with algos?

    I dont see Sg property market tumbling next couple of years.
    There is still some *balance* of safe haven value in Sg vis-a-vis our regional neighbours.
    Fundamental economics has now been jumbled up and things are not as straight forward like before.

    Just my humble thoughts.

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  • Rabble-rouser:

    @ oxygen:
    Even Warren Buffett has retreated to the sidelines sitting on mounds of cash earning virtually no yield, yet not reinvesting it at the present moment.
    https://www.google.com/amp/s/www.ccn.com/billionaire-warren-buffett-predicting-a-stock-market-crash/

    The present day US IPO market has stalled badly. Softbank’s Vision Fund (Father Venture Capitalist for many tech start-ups) & their huge bets on numerous potential Unicorn IPO has gone sour. Masayoshi Son was rumoured to be highly “embarrassed” by this recent developments in the US IPO market especially the WeWork debacle!
    https://www.zerohedge.com/markets/how-softbank-scheme-rips-open-startup-bubble

    Sometimes, it take extreme discipline to read the Macro market signals & a greater gumption to withhold from making investments (despite subsequent recoveries & the market phenomena of 50% bounce backs on significant dips) into a market which doesn’t have clear signs & is so unpredictable.

    oxygen: One informed reliable source in LEE-jiapore told me he has NOT made any money since Trump ascendancy and I know he is a great asset trader simply economy and market is so unpredictably wild of volatility.

    @ TruBlu:
    Properties bought since 2006 till today [except for purchases during the 2008/09 GFC downturn] haven’t turned into a profit (ie. capital gains) for their buyers. Why commit huge sums into an unproductive asset that hasn’t paid out any huge rewards to their investors since between 2006 to 2019? 13 barren years to be precise!

    Check out the Edge Property’s column on P&L of recent property transactions. They tell a “real” story! The higher premium properties suffered significant capital losses eg. Sentosa properties!

    Also, Investment Properties aren’t turning out a positive net yield for their investors because the tenant market (current pool of foreign tenants stagnant) is very weak ie. rental going backwards. Most likely, the landlords are “subsidizing” their tenants to stay! The carrying cost of investment properties are a cash drain & very high. And with no future capital growth – it’s a no-brainer that there’s no value in this present day asset!

    TruBlu: I dont see Sg property market tumbling next couple of years.
    There is still some *balance* of safe haven value in Sg vis-a-vis our regional neighbours.
    Fundamental economics has now been jumbled up and things are not as straight forward like before.

    Just my humble thoughts.

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  • Rabble-rouser:

    @ TruBlu:
    Bro, read this excellent article by a seasoned Property Investor-turned-Property investing educational instructor.
    https://www.propertysoul.com/

    Her latest article should shed some light on why Property Investing isn’t appropriate at this current situation.

    Excerpts:
    “But this time there is no property boom before the next recession strikes. The current property market has been stagnant after the introduction of nine rounds of cooling measures by the government. Both prices and volumes are far from the level of their last peak in 2013.

    When the next financial crisis comes, it is difficult to predict the extent of destruction to the property market – with a recession on top of a slowing down economy and a cooled down property market.

    Take the hint from the Asian Financial Crisis in 1997. Before that, the private residential market had already been softened by the government’s anti-speculation measures enforced in May 1996.

    Fourteen months later, Singapore was struck by the Asian Financial Crisis. With lack of defence against such a strong attack, private residential property prices plunged 45 percent from the peak of mid-1996 to end-1998.

    No one knows how deep and how long the next recession will be, or the extent of its effect on the economy or the property market. Whether we can ride out the storm depends on our holding power and our ability to hang on till the economy recovers and property prices looks up again.”

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  • to muddy the "real economy":

    //Fundamental economics has now been jumbled up and things are not as straight forward like before.

    Just my humble thoughts.//

    good one. a well intended economic system (free market right ?) has somehow allowed (legally) a lot of unnecessary and harmful activities (speculative and rentier) to muddy the “real economy” ?

    https://www.theguardian.com/commentisfree/2013/nov/20/money-trading-economy-foreign-exchange-markets-economy

    the explanation of the article can generally apply to any trade on any other asset class (the real economy vs the speculative portion of it) ?

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  • Haigen-Diaz:

    oxygen: @ Haigen-Diaz

    OH MATE, I ABSOLUTELY AGREE with you on this one. Trump is an asset and wealth wrecker. One informed reliable source in LEE-jiapore told me he has made any money since Trump ascendancy and I know he is a great asset trader simply economy and market is so unpredictably wild of volatility.

    Trump’s tantrum and wild mental state benefits my bet in the gold “casino” but I realise the harsh realities, he is gonna destroy the world and mankind taking no hostage except perhaps the filthy rich.

    TruBlu:
    Trump’s impeachment may not be all that bad for markets.
    These days, market behaviour is not the same as decades ago, what with algos?

    I dont see Sg property market tumbling next couple of years.
    There is still some *balance* of safe haven value in Sg vis-a-vis our regional neighbours.
    Fundamental economics has now been jumbled up and things are not as straight forward like before.

    Just my humble thoughts.

    @ oxygen, @ TruBlu

    I figured the stock market would see this as a sign of potential certainty and stability and move upwards. At least, Congress may finally check some of the insanity, and try to restore some semblance of checks and balances.

    Next step would be some rollback on presidential power, starting with trade and tariffs. However, to regain the initiative, he may do something totally crazy or dangerous, so we will have to wait and see how he reacts and whether Republicans will continue to back him up.

    The removal of that self obsessed classless dotard from high office will tell the world America has come to its senses and is ready to resume its role as a trusted partner in the global effort to leave a healthier planet to future generations.

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  • oxygen:

    @ Rabble-rouser

    BRILLIANT EDUCATION WEBLINK, I read it, thanks for your sharing. Those ensnared property gamblers are the weakest flock of sheep. They could not afford to gamble if interest rate is higher BUT ONCE IN, you can bet that for some (after entering the property casino game) the daily dinner is just rice and bean sprout. IF interest rate rise or they got retrenched in recession, they can’t afford to pay their monthly mortgage interest.

    SAVED OF A SMALL MINORITY WHO STAYED ON THE SIDELINE WAITING FOR BIG CRASH, THERE IS NO NATURAL BUYERS WITH STRONG FINANCIAL MUSCLES – they were caught pre-2013 peak and never saw the daylight since, Unlike 2008/2009 which has a property bull run to cushion losses, those who bought since 2013 peak HAD ZERO CUSHION, they will be slaughtered by the slightest downturn from here.

    Their fate is more gloomy – no natural buyers, no HDB upgraders, marginal gambler just placed their bet on wrong timing, SUPPLY GLUT and dearth of buyers means panic and forced selling takes the price down more steeply.

    AND WORST IS INSTITUTIONAL (DEVELOPERS) SELLING very little retail buyers around.

    me thinks @ TruBlu is wrong of his optimism.

    Rabble-rouser: @ TruBlu:
    Bro, read this excellent article by a seasoned Property Investor-turned-Property investing educational instructor.
    https://www.propertysoul.com/

    Her latest article should shed some light on why Property Investing isn’t appropriate at this current situation.

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  • Rabble-rouser:

    @ Haigen-Diaz:
    Trump isn’t the main problem! He is just the accelerant to bring down the US Economy in the fastest time possible! It might be good for the world! The US can’t hold leadership of World affairs.

    The US is in steep decline because they have it too good for nearly 7 decades after emerging victorious in WW2. Any Political Ideology & mechanism can be corrupted from within & be reconfigured to the benefit of a few!

    Frankly, the US had overconsumed consistently itself eversince the US$ was tied to the price of commodities especially oil ie. “Petro-Dollars! This fossil-fuelled Global Economy can no longer sustained an increasingly matured Economy.

    Demographically, increasing hordes of retirees & older people entering their Silver Hair Age don’t consumed as much. The Millennials are facing their own Existential problems as the Global Economy can’t rejuvenate itself through growth via consumption (demographic constraints). In short, jobs can’t be created fast enough to fulfill their aspirations. And when you add in the technological disruptive effect, you get a volatile cocktail of frustration & anger from youths re: the HK situation!

    The expansion of liquidity to boost economic growth only overinflated asset prices of real & financial assets. This played into the hands of the Super-wealthy who don’t rely on income but on dividends, rents & wealth transfer mechanisms that gamed the system (corporate top executive pay, unicorn IPO aspirants, fake investments gurus eg. Bernie Madoff & political largesse eg. Hunter Biden).

    The US can’t save the world! Look at the US society today, they have become too depraved, too indulgent & too full of themselves to think of others in a global setting! The US Super Wealthy hoards capital & wealth for themselves at the expense of the world’s needs.

    The emergence of Trump is exactly representative of US problems with the world – a fading arrogant power whom no longer carries their own weight in the world! Instead they bully & use their military might to get their message across! It is a losing proposition because it creates a win-lose situation which fosters a lingering anger on the other side. And that is why the US creates the seed of their own destruction!

    The allure of the US had faded considerably from my greater understanding of their degenerate culture.

    Haigen-Diaz: The removal of that self obsessed classless dotard from high office will tell the world America has come to its senses and is ready to resume its role as a trusted partner in the global effort to leave a healthier planet to future generations.

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  • Rabble-rouser:

    [More] Bad News for S’pore & for the EDB!

    James Dyson had just decided to cancel his Electric Car (EV) project. The £2.5 billion (S$4.3 billion) plans had included its maiden electric car plant running in Singapore by 2021 which would have created many jobs (…for foreigners?). After all the hype surrounding his Electric Car which was to be based in S’pore, it is now officially dead!
    https://www.straitstimes.com/singapore/dyson-to-close-automotive-division

    According to Dyson, “the electric car could not hit the roads because it was not “commercially viable”.

    In May this year, the firm kicked off the hiring of automotive design engineers and free trade agreement specialists, among others, for the proposed vehicle plant.” In all, there were more than 100 job listings under Dyson. But now, that dream has ended!

    Another link to BBC reporting:
    https://www.google.com/amp/s/www.bbc.com/news/amp/business-50004184

    About 500 jobs will be lost with the termination of this project! Most would be in the UK. But methinks the greatest loss would be in S’pore where the proposed manufacturing plant would have employed thousands!

    oxygen:

    Scare or not – for LEE-jiapore without a domestic economic sector ?

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  • Haigen-Diaz:

    Rabble-rouser: The emergence of Trump is exactly representative of US problems with the world – a fading arrogant power whom no longer carries their own weight in the world! The Millennials are facing their own Existential problems as the Global Economy can’t rejuvenate itself through growth via consumption (demographic constraints). In short, jobs can’t be created fast enough to fulfill their aspirations. And when you add in the technological disruptive effect, you get a volatile cocktail of frustration & anger from youths re: the HK situation!

    @ Rabble-rouser:

    You’ve hit the nail at the right angle! God knows what this morphs into, methinks the world will have to put up their ‘own walls’!

    Most young Americans are absolutely disconnected from their government and the election process, it doesn’t mean anything to them. You might as well turn Lady Liberty into a bungee jump – very, very scary.

    Their sense of superiority and entitlement is more surreptitious, more resistant to change and even more dangerous than that of their more blatant supremacist supporters. The decline in values & civility is not a new phenomena, it’s not something that just happened because of Donald Trump; don’t make the symptom but the disease. But, it is something that coincides rather clearly with rising inequality and an economic model, promoted largely by Republicans (but Democrats also hold responsibility) that prioritizes endless competition to meet ends meet; all done under the banner of ‘free markets’ and nonsense economic beliefs like the doozy fantasy that cutting corporate taxes will somehow benefit the rest of society.

    Of course they’ve lost sight of what truly matters and the evidence is all around us. And, frankly, cheerful platitudes that they’re currently ‘Make America Great Again’ will simply not be potent enough to address reality of the pressure cooker most Americans live in, each and every day.

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