TR EMERITUS

Our society is so terribly lop-sided that it is not sustainable in the long run. When the cracks become more pronounced, life will become intolerable and society may breakdown altogether. We need to right the imbalance before it is too late. In any eco-system, there are always opposing forces that keep each other in check, thereby maintaining a fine balance. For example, if too many predatory fish are introduced into a small pond, the smaller fish that feed on aquatic plants will soon be wiped out by the predators. In turn, the predatory fish will have fewer and fewer small fish to eat and will soon perish themselves. The aquatic plants may flourish for awhile as the plant eating fish dwindle, but as the predatory fish follow suit, the lack of carbon dioxide previously produced by the fish, will also lead to the demise of the aquatic plants as they need the gas to survive (photosynthesis). Likewise, the forces exerted by big business in our society is balanced by forces exerted by the labour unions and ordinary people in society. The objective of big business is profit maximization. If the labour unions are weak, big business will push wages to the lowest possible rate. It will try all ways, including getting itself into the government, lobbying the government, bringing in foreign workers and resisting any efforts to organize workers into a cohesive independent force - all the while with the help of the government. People should rid themselves of the notion that governments listen to the people when they form policies, they don’t. They listen to those who control the economic life of the country, and that means big business and very rich people. If people in society are conditioned to be apathetic and leave matters to the government, big business will slowly but surely push for a bigger population via the government since that translates to more workers and customers; it will push for a lower tax rate and the government will have to tax the apathetic population more to make up for the shortfall; it will push for more and longer protection of patents and the apathetic people will have to pay more for medicine, software, merchandise, movies and sports; it will insidiously form oligopolies and charge more for their products since they have the monopolistic power. In the end, the apathetic people will have to work harder and longer just to keep head above water. But the people are by nature, not apathetic. They have become apathetic because of propaganda, oppressive laws and punishments meted out by the government to people who dare speak up against the mainstream narrative. So if the collective voice of a couple of million workers and the collective voice of the people are muted, and the profit maximization instincts of big business is unchecked, the natural outcome is that big business will drive workers and people to their breaking point and society will break down. And yet, we have to be realistic and recognize that our livelihoods, one way or the other, depends on big business currently. Many of us get our salaries from big business, big business pay taxes to our government, the 2.5 to 4% interest in our CPF nest egg depends on big business earning decent profits. So, how do we extricate ourselves from this conundrum? The first is to pry the labour unions from the clutches of the government since the government works closely with big business, so that the unions can speak freely for the welfare of workers. The second is to allow all interest groups of societies to speak up for their rights so that they can counter opposing forces and thereby maintain equilibrium. In other words, we need to promote democracy. The main pillars of democracy are freedom of speech, freedom of information, freedom of peaceful assembly, a free press and independent labour unions. We need to make these pillars mainstream features of our society and only then will we have proper check and balance. But big business, foreign governments, and by extension, our government, will resist tooth and nail. Short term investors will withdraw their money. The process will be fraught with acrimony, tension, chaos, sacrifice, progress and regress, perhaps even loss of lives. But try we must, and having been there, we will be a more civilized nation and our long term future will be bright, unlike now, where we are headed for implosion.   Foong Swee Fong      Read More →

Throughout 2021, cryptocurrencies have been the talk of the town. Investors big and small have put their hard earned money into these digital currencies expecting all sorts of results. As we descend into 2022, experts have termed this year monumental for the digital realm. No matter the results, risk-takers are coming together in great numbers to test their luck in the internet’s favorite topic aka crypto. Wherever you turn your head, there is a topic raging over the newest investments. As much as this information is overwhelming, it serves the purpose of giving us specific and useful tips for the upcoming months. Here we will discuss the top five cryptocurrencies that the internet has set its eyes on. Bitcoin A name that needs no introduction – Bitcoin is the trend we have all heard of. We are entering the 13th year of Bitcoin being one of the most widely known cryptocurrencies since its launch in 2019. When we turn our heads to the market, Bitcoin is the name that’s written in red while the rest comes in plain black. Ethereum Code and other similar platforms are utilized for their blockchain technology for safely trading these digital coins. In a world where every mind is curious about Bitcoin, the future outlook for the currency looks pretty amazing. The blockchain technology of the digital currency is a decentralized database running on 15000 or more computer nodes all across the globe. The durable status of Bitcoin continues to make it a favorite among investors and internet trends making it one of the most likely winners in 2022. Ethereum Coming close to the competition, Ethereum is a name seldom forgotten. According to the experts spending hours studying the upcoming patterns of cryptocurrencies, ETH has all the potential to surpass Bitcoin in its success in 2022. Its win in terms of price comes from the faster transactions and requiring less consumption of power. One of the hottest picks for the coming few months, ETH is making headlines already. It’s only a matter of time before we see a silhouette of what is giving more profits and who is in the right lane. The network of ETH is bound to gain popularity for being a blockchain smart contract platform. Etherium has also made its name for running blockchain-based applications like NFTs which are quickly becoming a market favorite. An analyst from Deutsche Bank labeled Ethereum as the silver of the digital world. Cardano Cardano is a research-based cryptocurrency built by engineers, mathematicians, and cryptography experts. It is open-sourced and decentralized, with consensus achieved using proof-of-stake. It can also facilitate peer-to-peer transactions with the ADA token. Cardano is one of the best cryptocurrencies that would be worth the investment in 2022. Known mostly amongst the groups of engineers, mathematicians, and cryptography experts, Cardano is the good stuff you really need to know about. If you are planning to invest in 2022, chances are you will stumble upon Cardano more than once. Built by a group of people obsessed with numbers, it is a research-based cryptocurrency ruling the digital world while being open-sourced, decentralized, and approved for proof of stake. Solana According to a report from Insider Monkey, Solana is the first cryptocurrency that you need to watch out for this year. This digital currency is often seen to be a competitor to the popular Ethereum. Competition to Etherrum, Solana is a name you need to keep at the top of your lists this year. Solana coins are the official coin for trading in the Solana blockchain featuring cost-efficient and faster transaction speeds as compared to other digital currencies. One of the first cryptocurrencies, Solana is spreading its projects for spaces like Web3, NFTs and DeFi. It has successfully been termed as a staple investment that every investor, beginner or expert should have a look at once in a while. As the digital spaces continue to grow, Solana’s value is only moving in an upward spiral with positive aspects. Conclusion Expert or no expert, these four cryptocurrencies should be on your radar if you are stepping into the world of digital investments. Now the only question that remains is, are you investing this year or not?      Read More →

Compared to the traditional assets, the digital ones are more volatile. The major difference comes in the value of these assets, which changes every day for the digital ones. The traditional ones don’t see such huge diversions on a daily basis. This volatility is the reason why a lot of people avoid digital assets, and it is also the reason why some people opt for them. They find it an opportunity to invest in them and ensure that they are able to make a lot of quick money out of it. This is how it is different from the traditional forms of assets, which are also transferable. To buy and sell these cryptos, you would require help from crypto copy-trading platforms. What Are Crypto Copy Trading Platforms? Being a beginner in the field, you may feel overwhelmed by the number of choices you have when it comes to buying and selling cryptos. There are so many of them that it gets perplexing for you to decide which one to trust! To help you settle the situation, crypto trading platforms come in handy. Copy-trading basically refers to the method in which a buyer buys cryptos by copying the acts of successful and famous traders. This works by someone developing a trading strategy, and you follow it as it is. Whatever he/she/they buy and sell, you do the exact same thing. You make identical deals and replicate their activities in your own name. Why Do People Opt For Crypto Copy Trading? A lot of people, over the last few years, have started opting for Crypto copy-trading. There are numerous reasons behind it. a. The first and foremost is the fact that as crypto is a relatively newer concept and not enough knowledge is available about it, making strategies on it is filled with risks. Not everyone can decide how to take the next step on his own, owing to the lack of information. Hence, experienced traders act as a tool of education for all beginners in the field of crypto. b. When you don't have any expertise regarding the market, entering it is a tough job! Also, the crypto market is not a local one, rather it is global! By copying the experienced traders, you would be able to enter this global market much more swiftly. c. Experienced traders know how to avoid risks. When they plan an investment strategy, they take into account all the associated risk factors and make sure to get through them successfully. Following their acts means that you would also be able to skip risks, just like them! Hence, the level of security offered by Crypto copy trading is quite high. d. There are two kinds of Crypto copy trading; automatic and manual. Both come with their own perks and disadvantages. However, one major advantage associated with the automatic mode of Crypto copy trading is saving time! You end up being a part of this global world, buying and selling cryptos, without wasting a lot of time in making strategies! A win-win situation, isn't it? If you buy many cryptos through this, use How to Cash Out Bitcoin for better management. Crypto copy trading platforms There are numerous trustworthy Crypto copy trading platforms, which help the new trader tremendously. Some of them are as follow: 1. 3 commas Surely the most famous of them all, 3 commas is one of the most sought-after Crypto copy trading platforms for those who are just starting out copy trading. This platform offers extensive plans for every trader. The professional traders devise strategies, which are then replicated by the new investors. From bitcoin robots to crypto trading bots, the company comes with a lot of choices for them. Crypto bots surely make things easier. All you need to do is to select one of the available trading strategies. Copying it will give these bots a go ahead, and they will perform the remaining tasks. They will sell your cryptos or buy from the stock automatically. 2. CoinMatics Coinmatics is another amazing Crypto copy trading platform. Though it is a relatively new one that came into existence in 2018, it has surely gained a lot of fame over time. The fact that it is of great advantage for beginners as well as professionals makes it one of the best ones to opt for. No matter automatic or manual mode, the investors simply need to copy the deals. Coinmatics makes it easier for traders to earn greater amounts of profits. They do so by increasing their subscribers and making money out of the deal copied. Conclusion For a new investor, opting for Crypto copy trading platform is of great importance. It saves time for him and lets him make the bets in a more secure manner!  Read More →