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World War III

Some friends ask me why didn’t I talk about “inflation”? Especially when I am trained in Economics!

First of all, we are not just looking at inflation here. It is at best, a stagflation, at worse, a total collapse of the World system of Globalization which will most probably lead to more wars. Yes, it may just lead to World War III.

People have forgotten how World War II was started. The collapse of financial system in US followed by hyperinflation in Germany.

It was technically a collapse of the world’s financial and economic systems which triggered the fight for resources and survival.

That was an era when Globalization was still at its primitive stage.

In today’s world, Globalization based on Free Trade theory has created a much more sophisticated and complex supply chain networks.

Small countries like Singapore benefited most from this system but it also means that when the system breaks, we will become the very first causality to suffer the worst.

The Americans started this nonsensical decoupling movement which actually weaken the whole world system dramatically due to the cultivation of mutual distrust and suspicion.

The Americans further weaponized its weaken Petrol Dollar using it as a political tool of Sanction against Russia. This will further damage international confidence of Petrol Dollar and hasten the polarization of the world politically as well as economically.

The current Ukraine war is no longer about Russia vs Ukraine, NATO or US, but it has seeded the acceleration of bipolarization of whole world.

The animosity and distrust between China and NATO led by US will widen. If I were Chinese government, I will quietly but rapidly get rid as much as US dollar assets asap and that includes US Treasury Bonds.

Singapore will be FORCED to choose side and that’s bad for a small open economy.

Even if we could solve the problem of inflation temporarily when Ukraine war stopped, we could never recover back to the breezy state of Globalization of Free Trade.

The Bi-Polarization of the World will stay or even worsen and the war in Asia will be inevitable.
Life will never be the same again for everyone.

The Americans have set an extremely bad precedent which destroys all mutual trusts in the financial and economic system. It has abused the position and power the world has bestowed upon it. The consequences could be catastrophic for the whole world order.

I don’t see a way out of this catastrophic consequences, except to run to an ulu island with self sufficiency of food and energy, hoping they won’t press that button on nuclear weapons.

 

Goh Meng Seng

 

 

yyy
READER COMMENTS BELOW

21 Responses to “World War III”

  • Singapore no side:

    It is strange that many writers say Singapore will have to choose side. Are these writers sleeping? Singapore has chosen side donkey years back. Don’t say you don’t know which side, ok?

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  • Goh goes Globalist .....:

    Ya lah, the Demoncracks’ Buckfiden le Brandon & their money-spinning uncle “Socialist” Soros have got everything to do with their new world order mah…. even uncle Kissinger has deemed CCP China the leader of the new world…. chiak lat …. go ask Jack Ma how it feels to “succeed” under the yoke of superhightech fascists lah Mr. Goh….

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  • MarBowling:

    In reality, the tiny island of Sinkapore has got NOTHING but ONE BIG FARKING MOUTH, and of course LOTS OF FANCY and EXPENSIVE STRUCTURES like the CLOWN [email protected], Gardens By The Bay, Esplanade, Marina Bay Sands, etc.

    Lots of filthy rich overseas folks are putting up here BECAUSE of so-called Safety, Security and GREENER than GREEN Coverment! When SHTF which WILL AFFECT THE WHOLE WORLD Sooner or Later, most of these folks will just pack up and leave SinKapore for GOOD, leaving lots of local folks HOLDING THE BAG(artificially highly inflated prices HDB flats, $millions condom, private property, etc)amidst the expected mass unemployment, Business shutdown, crimes, etc! No need to wait for WWW3!

    On a side note, when SHTF, there will be IMPLOSION in USA, leading to MASSIVE CHAOS, RIOTS AND DISRUPTION THAT WILL EVENTUALLY LEAD TO THE COLLAPSE OF THE ALMIGHTY USD aka the PetrolDollar! Countries like Taiwan and SinKapore will be in VERY VERY DEEP SHITS!

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  • theforgottongeneration:

    “… People have forgotten how World War II was started. The collapse of financial system in US followed by hyperinflation in Germany.

    It was technically a collapse of the world’s financial and economic systems which triggered the fight for resources and survival…”

    ————

    While different ppl can be entitled to have different opinions/views, the above is purely and totally wrong. WW2 in the West was already raging for 2 years before the US got seriously involved – so how to be collapse in the US system? Most historians considered the start as when Germany invaded Poland 1939 – was Poland a financial hub or economical player then?

    In the East, the war started due to Japan expansionist policy, which drove it to secure the resources it needed to keep expanding (and bullying others) – if that can somehow be considered as fight for resources and survival. The Chinese says it began in 1937 while most historians consider WW2 in the East truly became a World War with the Japanese various attacks in Dec 1941, especially the attack at Pearl Harbor. Like current Putin’s invasion of Ukraine, the Japs did a gross miscalculation.

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  • Can or not:

    The side was chosen long ago by 1 man who was seen as the intellect in global affairs by American thinker tankers!

    That man promises to get up if there is anything wrong. Do YOU think he can get up?

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  • Cancel the PAP:

    The Queen famously (asked economists) on the FC – economists responded, ‘no one saw it coming’.

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  • Zhenzidan:

    Last time we had Cynical Investor. Then later it was Tan Kin Lian. Now we have GMS! Does TRE think that its readers will be enlightened by the view of a politician who never won more than 40% and kena thrashed by TPL?

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  • Harder Truths:

    GMS- don’t worry lah. You forget $inkieland is a migrant society. No matter how many die – from jab, war or other things there will be always more than enough to replace them.

    So sing Majulah Rotiprata, drink Milobesar and know that if you die tonight there will be someone to replace you tomorrow.

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  • Tt:

    Life depends on destiny!don,t believe ask milo girl.

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  • BIG READ: Stop the PAP Steal:

    Singapore no side:
    It is strange that many writers say Singapore will have to choose side. Are these writers sleeping? Singapore has chosen side donkey years back. Don’t say you don’t know which side, ok?

    SG is quite well known wwide ‘punching above its weight’ which is something I am still wondering to date what does it implies in the world stage. For instance, how does PRC view SG – to me there is absolutely no sign to the PRC tt SG punches above its weight.

    My conviction is PAP punches it’s people, hard. As a matter of fact and incidents happened as proofs, PAP via its legally acceptable corruption bullied SGpns by and large and who can deny one man protest is decided as against security of SG, a comical political joke.

    How about PAP Parliamentarians lying in Parliament went off SCOTT FREE but opposition MPs are hounded and slaughtered in PAP dominated Parliament when they make honest mistakes. Is this Parliamentary Corruption?

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  • P Against People:

    Please don’t blame GMS. With the current situation, even if pap puts in a donkey, he will still win the election.

    Zhenzidan:
    Last time we had Cynical Investor. Then later it was Tan Kin Lian. Now we have GMS! Does TRE think that its readers will be enlightened by the view of a politician who never won more than 40% and kena thrashed by TPL?

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  • Zhenzidan:

    P Against People:
    Please don’t blame GMS. With the current situation, even if pap puts in a donkey, he will still win the election.

    Really? But WP had been able to win a GRC with newcomers. So the problem lies with GMS. All his past election results speak for themselves.

    Tech: My observation on the last GE is that, had it not been for the Covid-19, the party would lose more seats. The party betted on the “flight to safety” mentality of Sinkies and they won.

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  • Zhenzidan:

    Zhenzidan: Really? But WP had been able to win a GRC with newcomers. So the problem lies with GMS. All his past election results speak for themselves.

    Tech: My observation on the last GE is that, had it not been for the Covid-19, the party would lose more seats. The party betted on the “flight to safety” mentality of Sinkies and they won.
    ——————————–

    The fact remains that voters don’t trust GMS . With this “flight to safety mentality”, he still kena thrashed!

    Tech: Yes, ouch! That must have hurt, but it’s a fact that I won’t disagree with. I am sure that Mr Goh is genuine in wanting to do something right, but IMHO, it is his way of presenting himself that does not connect with the masses, i.e. his persona.

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  • Zhenzidan:

    Zhenzidan: The fact remains that voters don’t trust GMS . With this “flight to safety mentality”, he still kena thrashed!

    Tech: Yes, ouch! That must have hurt, but it’s a fact that I won’t disagree with. I am sure that Mr Goh is genuine in wanting to do something right, but IMHO, it is his way of presenting himself that does not connect with the masses, i.e. his persona.

    And he never seemed to learn, unlike Chee SJ. Therefore don’t publish too many of his articles and irritate your readers like Cynical Investor and TKL!

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  • P Against People:

    You could say the same for all oppo who lost. Voters don’t trust TCB, don’t trust …
    SK voters are smart.

    Zhenzidan: The fact remains that voters don’t trust GMS .

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  • Zhenzidan:

    P Against People:
    You could say the same for all oppo who lost. Voters don’t trust TCB, don’t trust …
    SK voters are smart.

    Here’s the difference:
    TCB, CSJ and many who lost but still garnered over 40% votes. GMS formerly from WP, had been in politics for nearly 20 years, but still kena thrashed by TPL. And still coming here to preach like he has gospel wisdom!

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  • P Against People:

    Any non-pappy candidate in the last election made a big contribution to Singaporeans. They should be appreciated. The only exceptions are those who are making pappy praises.

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  • Zhenzidan:

    P Against People:
    Any non-pappy candidate in the last election made a big contribution to Singaporeans. They should be appreciated. The only exceptions are those who are making pappy praises.

    Not when they never seem to learn to change their approach to win over voters. Using the same old approach that pissed voters off will result in more fence-sitters voting for PAP. That’s what GMS is guilty of that.

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  • BIG READ: Stop the PAP Steal:

    From my readings of Noam Chomsky, one, two more I really can’t recall their names – globalization is nothing new or an awesome fad or stg good for all (it depends). It only serves MNCs and their base countries to colonize other countries economically, when well admittedly recipient and countries of origins of MNCs both benefit, tho unevenly.

    GMS should know the Laws of Comparative advantage, based on supply, demand and economies of scale concepts.

    Globalization is a frontal name of, for big companies’s to move their ops overseas, and reap cheap costs (of scale).

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  • PAP mandate strong:

    @ Any non-pappy candidate in the last election made a big contribution to Singaporeans. They should be appreciated. The only exceptions are those who are making pappy praises.

    Including Raeesah Khan ? I see!

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  • Kenji Joo:

    Personally don’t like war. Hope you all can peace talk.. if really being forced
    .. I will keep you in my prayer. I will give you my best prayer support. Good!

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