“How to Read the Quran” preview followup

Tags

, , , , , , , , , ,

How to Read the Quran” preview followup

Preview URL is https://www.createspace.com/pub/https://www.createspace.com/Preview/1251180

eBook Preview Description: Write-up to follow through the 1st book preview of “How to read the Quran” since publication in mid-November 2018. It is entered in Amazon KDP Pen to Publish Contest.. Please give your rating.

How to read the Quran is a five-module approach to garner a seamless understanding of the core message of the scripture without being distracted by apparently haphazard not sequential narratives of divine guidance and decrees. Readers could juggle and combine the process to suit their preference and style. It is not meant to be Hut School teaching of correct rendition of verses in Arabic. What matters is for commoners to understand their role of fulfilling their obligations to their maker and then the Islamic precept of “Amanah” in the workplace, elsewhere and when at rest will ensue with robust vigor.

The first book preview URL is https://www.createspace.com/pub/community/give.review.do?id=1250691 Updates and some editing on the book preview is published on the blog Hope Tribute Malaysia https://hopetributemalaysia.wordpress.com/

Both the eBook and paperback book are now available on Amazon.com. Post publication events and world order reform developments not withstanding, the manuscript passages on cited cases remain spot on. Anecdotes such as one on student loan defaulters leading to honoring pledges and repaying debts without persistent demands draw on blog postings of Hope Tribute Malaysia. Under the category “Outlier economic and bespoke investing outlook” gold investing articles relate world events for signs of a reformed new order because upward bias in precious gold prices is dependent on it. Post publication of book the pertinent G20 summit in Argentina is an event covered in the latest #27 feature. Extracts from the post illuminate why our manuscript cited cases still hold.

. . . We had on 16.8.18 (Gold investing outlook #24) stated that the “Trump-Xi friendship” in resolving trade war tit-for-tat measures and threats would be called upon when needed. Indeed Beijing would revert to buying substantial amount of U.S. agricultural and energy products and to start purchasing agricultural products from U.S. farmers immediately.

The G20 summit also sealed a landmark deal on world trade reform. The UK parliament vote against Premier May’s brexit proposal would further contribute to a new world order. It was scheduled for 11 December but was aborted, hence this 3rd book preview. We wrote on 23.10.18 that with China’s cautious but clear bent on a new order for world trade and reserve currency we can look forward to world gold price above $1300 in December 2018.

On another front, France’s “Overthrow the bourgeoisie!”, anarchist sentiment culminated with a graffito on the Arc de Triomphe monument reading “Macron resign” on 2.12.18. The protesters were firstly angry about the green taxes that have raised gasoline prices, now in the fifth week it has become an uprising of rural France against policies favoring the industrialists at the expense of pensioners and the lower labor force. It points to a world where trade unions, church organizations and political parties are fading in importance. The yellow vest movement that didn’t exist a month ago became consolidated quickly because anger travels swiftly on social media without leaders. President Macron’s popularity is now in the mid 20% only.

In a contemporary democracy if compromises do not occur in formal debates, such spontaneous anti-politics movements can easily be hijacked by people with darker agendas. Hash tags of Yellow Vests protests spilling over into Belgium and the Netherlands are overtaking brexit in significance.

. . . In Malaysia although Brent crude price is way below $70 per barrel, a B10 program will increase local consumption of palm oil and help reduce surplus in the global market. A new rule will come into full force from February 2019 to phase in the B10 biodiesel mandate on truck manufacturers such as Scania and bus manufacturers assuring engine warranty extension with usage of B10 in Malaysia.

Foreign direct investment into Malaysia increased to MYR 3.95 billion in the third quarter of 2018 compared to MYR 2.84 billion in the previous period. This bodes well for the government three-year period to improve the economy because there must be continued rise in business investment.

In our manuscript, Addendum B Point 5.31 . . the closures at the date of publication the following passages still hold.

5.31 A published poll on 4.11.18 had France far-right leader Marine Le Pen’s party leading Macron. France’s 2017 presidential elections saw Macron winning with 65.5% of the vote on a turnout of about 74%, with Marine Le Pen’s high-spending and anti-immigrant manifesto attracting an estimated 11 million votes. In the author’s mind the defeat of France’s far-right opposition leader was a loss to the French masses.

4.94 Not in the limelight, scientists in China have successfully cultivated paddy in salty waters along the Yellow Sea coastal city of Qingdao. Some types of grain produced in between 4.4 tons and 9 tons of rice per hectare. Presently farmers growing some types of saline-tolerant rice could get 1.5 tons per hectare. Only by doubling the yield would it be commercially viable. God’s bounty awaits the ingenuity of man to reap and prosper. Consumers have taken to its flavor and texture and in China the rice grown in salty water is thought to have several health benefits.

Malaysia’s 720,410 tonnes of bio-diesel production in 2017 could reach 1.2 million tonnes in 2019. This of course depends on Brent crude oil prices holding above $70 per barrel. Instead of penalizing oil palm because of misplaced notions of sustainability, the European Union after depleting their forests has the audacity to champion measures to victimize the economies of developing nations. Greater oil palm cultivation would make renewable bio-diesel not only a growth engine for Malaysia and Indonesia but indeed contribute a greater good for humanity’s economic need for energy.

The above developments illustrate one aspect of the grand scheme of things even as mankind seek the bounties of God – a timeless theme in all scriptures.

4.96   There no longer is a need for a UK’s “special partnership” with the European Union and it’s a positive factor development for a reformed world order. Each nation ought to abide only by its own laws and unique homeland needs. Theresa May’s vision for Britain after Brexit now has to be a no-deal Brexit. Germany’s Merkel may try to upset the course by saying that a Brexit deal should be flexible. Where was she when Theresa May made her case on 22.9.17 in Florence? Why bend backwards to comply with Euro zone rulings?

UK jobless rate falls to new 43 year-low. The Euro zone June industry output plunges. Macron’s hollow election victory (France’s loss) now can look forward to French ports being excluded from European Commission plans for a new shipping route linking Ireland with the Continent post Brexit.

Poland getting suspended because of political interference in its legal system; the Greeks pointing out a British no-deal Brexit would leave EU finances £10bn-a-year short and add “increased financial and political instability” to the nation are developments on which the UK politicians ought to leverage in convincing all and sundry that a no-deal Brexit is favorable.

4.97 The euro zone direction is an on-going restrain on new world order reform and British Prime Minister Theresa bent on the European Union’s offer to extend the transition period of Brexit could lead to a confidence vote on her premiership in December 2018. What a dismal development because a no-deal Brexit would be a positive for new world order reform. After all the Czech prime minister would pass emergency legislation to ensure British citizens continued to have the same access to the republic.

Most cross references of Reminder verses are appended in Addendum A with points 1.0 to 3.0 in sync with the discourse of Modules 1 through Module 3. Points 4.0 and 5.0 of Addendum B is synchronized with Module 4 and 5. The bespoke investment strategies which focuses on everything having its place and exercising prudence are part of relishing the abandon life. We need to be prudent in investing and the featured articles illustrate the importance of not creating any ills for a life of serenity.

How to read the Quran is entered in Amazon KDP Pen to Publish Contest. Here’s one final quixotic shot in sharing the light is a twitter-like sum up.

The premise of new world order headwinds in 2018 and Brexit being a positive development underscore nations surviving by learning in order to avoid crude madness that history has so far counted. A brighter future of humanity and advancement of the grand scheme of things will be shaped by peculiarly startling efforts of real action of world leaders as they balance their duty to their own citizens with their responsibility to the wider world.

By “the grand scheme of things” is about God’s plan for mankind in general and everyone in particular. Relative to race, it’s reaching out to all and sundry to learn their heritage and culture. Minimizing our own “footprint” with co-dependent friendships rather than squabbling over matters of faith for no one group of people is categorically the guided ones

There are 5 modules. Relating to fair trading and equitable economic system we will elaborate more on Pharaoh and the like in Module 4. At this juncture let’s focus on some actions of distraught committed by ancient communities which had gone astray.

Pharaoh of course broke up communities into factions. In general communities which have divided their system and become sects (Arabic: “syiyaan”), whereby each group rejoices with what it has is the Reminder’s euphemism of religion. No other Arabic word in the Quran for religion is closer than “syiyaan”. Followers of the Creed of Abraham are not with them in anything. When trading the upright person does not defraud others or seek abnormal gains from imprudent customers and desperate suppliers.

The Word of God is truth and it does not change. If you were to follow the common run of those on earth, they will lead you away from the ordained way of life. Their opinions are but conjecture and they basically lie. Some specific directives to people gone astray are:

(a) You shall not touch the orphans’ money except for their own good.

(b) Give full measure when you trade and weigh with an equitable balance.

(c) Practice fair trading and refrain from profiteering.

(d) Be perfectly honest when you serve as a witness, even if it is against a near relative or when there is enmity. You shall not accept or utter anything that you yourself cannot ascertain.

(e) Follow God’s way. Do not be arrogant and accept no object of worship or say things without knowledge about God. Do not follow the teachings of preachers without discernment because they have no authority to forbid the permitted.

(f) Commit to submission to God alone just as every created thing in the universe is submitting to God.

When common folks recite verse 6 of the Opener during formalized prayers they are clearly asking to be shown the straight way. Al Baqarah proclaims the true guidance is in this book for those who believe in the revelation sent to Muhammad and before his time. Those who follow the guidance will prosper while those who do not believe make mischief on the earth.

Up to verse 25 stipulated are 4 core decrees:

1) From what God provides they contribute;

2) Do not corrupt the Earth;

3) Not cause for God to be associated with anything;

4) Deliver good news to those who do deeds of righteousness, for them is the garden.

Al Baqarah, signs and explanations numbering 286 in total; none of the 286 pointers clarifies how any religious rituals need to be done or how often they are to be established. Is there a need to in the first place?

As a corollary to that practical matters of living out an abundant life or conversely one filled with injustices is the thrust of the teachings in the scriptures. In whatever capacity we are to deliver some of divine guidance for a life of abundance.

Upon comprehending the scriptures we cannot miss the lesson to be just. Do not use the courts to unjustly consume part of the properties of other people or from being penalized. It is not virtuousness if you try to sidestep God’s system through back door means.

Common folks opting for anything “kosher” cannot be at peril to injustice otherwise it’s just branding, hiding under a cloak of piousness. What is in the value of ritual prayers and other sectarian rites if they do not prevent you from transgression and shameful acts?

The individual who wins God’s favors conditions himself to constantly question any sectarian tenet and the accompanying rituals and rites if there is any worthy outcome which ultimately improves one’s character and righteousness – focus of the scriptural teachings.

Addendum A Point 2.24 What are the deeds of a pious person? Do you realize that the perceptions of most people are conditioned by precepts propagated by community leaders and extended families? Fact is that even a much honored prophet can be viewed as at a loss. Moses was seeking to learn from a “servant of God” [read Q18:65-82] and Moses was baffled as to why wrecking a lifeline boat, killing an innocent child and wringing laborious charity to the inhospitable could be righteous. The three events and the lesson of the narration contrasts with the perception of people who have taken their priests and scholars [see Q9:31] as lords besides God – which of course make them deemed idol-worshipers. The righteous person is not recognized because of the predominance of man-made religious laws and cult beliefs.

Q6:115-116 . . . The Word of God is truth and it does not change. If you were to follow the common run of those on earth they will lead you away from the Way of God. Their opinions are but conjecture and they basically lie. [Inferred from the verse, not ad verbatim]

Khidr also mentioned to Moses to be patient in judgment. He had killed the lad. Is this not against the common understanding that killing another human is a grave sin? Apparently not – if you are in the state of higher awakening and that you are free of ritualistic laws and norms set by fellow humans – no matter how learned they are in their religious knowledge passed down generation to generation of forefathers, whether written or memorized.

Every people have their rites and ceremonies but God has prescribed a law and an open way through divine revelation. If God had so willed, there would be just a single people, but God’s plan is to test mankind in what was given; so strive as in a race in all virtues.

The Almighty’s laws are just and the accomplishment of God’s fair recompense invariably holds. Know that contentment is a product of the heart to be relished whether your personal or financial fortune flourishes or take a turn for the worse. The finest retreat is being free from evil and filled with contentment in life – attaining repose while being ever surrounded by affluence and unwholesome distractions. Man’s innate tendency to what is right and his inclination to virtues is influenced by interlocking selfish desires, wrong focus, cult practices, customs and superstitions.

The doorman of a guesthouse gains the respect of city visitors by his robust character and state of repose. He serves them with dignified conversation about the city attractions and seasonal anecdotes. Even the lift attendant can enjoy his work and stand tall in executing his job extremely well, adding pleasant brief interlude to the holiday experience of guests.

The store keeper, the street cleaner, the farm work hand or the construction manual worker all can be happy at work and contented in life. Their strength of character and inner peace draw people to their mannerism and wisdom. The rural elder who earns his keep in a fishing vessel can impart to you the serenity of life’s true riches even without uttering a word but silent eye reflection of an upright being in its finest nature.

Thus arrogance begone. Seek refuge with the Lord, ever cherishing mankind and shoo away the mischief of the whisperer which is within us. Only in this manner will one be able to live peacefully and keep the soul at rest when we are realizing the bounties of God.

Book Preview Questions:

Q1) Can we reflect scriptural guidance in modern times through citing real new world reform?

Q2) Will folks negate tolerance for corrupt leaders in their midst by relating pertinent anecdotes?

Q3) Will readers be encouraged to reabsorb the true teachings of all scriptures?

Q4) Will you support the book in the Amazon KDP Pen to Publish Contest.

Advertisements

Outlier economic and bespoke investing outlook #27

Tags

, , , , , , , , ,

aa

Outlier economic outlook #27 . . . ready for the next legs

Hope Gold investg #27 jpec pic

While we wait till world gold price to burst out of our target $1300 per ounce price area in December or January next year and the EP value (MYR equivalent price per gram) to be higher than base of MYR176.65 we had islightly increased our gold holdings on 12.10.18 and 28.11.18 to lower our average gold holding costs to MYR228.56 per gram.

In setting the pace for the next legs up in world gold prices we must be prudent that our next outlay observe the $1300 price threshold. Perhaps then the local gold price would be MYR171 per gram and above the spread of MYR5.00 of pending cash out quote of MYR166 (circa our last purchase cost).

In respect of our previous Outlier economic and bespoke investing outlook posting of 19.9.18:

besp#27_forex n EP value

The Ringgit continued to weaken against the greenback at 4.2210 but was comparatively stronger than the previous day 4.2400 rate. Otherwise the EP value of 167.01 would be about 95% of base MYR176.65. All currencies have improved after the US-China trade battle escalation was put on hold at the G20 Argentina summit meeting between Trump and Xi. Brent crude oil price also increased to around $62 per barrel, which was $85 per barrel at the end of October. Any further improvement of crude price would strengthen the Ringgit but the Dollar decline would affect Malaysia local gold price if world gold price increased only slightly as what happened on 4 December. Relative to 3 December, world gold price increased by 64.6 basis points but local gold price increased by only 42.3 basis points.

We had on 16.8.18 (Gold investing outlook #24) stated that the “Trump-Xi friendship” in resolving trade war tit-for-tat measures and threats would be called upon when needed. Indeed Beijing would revert to buying substantial amount of U.S. agricultural and energy products and to start purchasing agricultural products from U.S. farmers immediately.

The G20 summit also sealed a landmark deal on world trade reform. The UK parliament vote against Premier May’s brexit proposal would further contribute to a new world order. We wrote on 23.10.18 that with China’s cautious but clear bent on a new order for world trade and reserve currency we can look forward to world gold price above $1300 in December 2018.

On another front, France’s “Overthrow the bourgeoisie!”, anarchist sentiment culminated with a graffito on the Arc de Triomphe monument reading “Macron resign” on 2.12.18. The protesters were angry about the green taxes that have raised gasoline prices and they did not like the speed limits on French roads too. It points to a world where trade unions, church organizations and political parties are fading in importance. The yellow vest movement that didn’t exist a month ago became consolidated quickly because anger is one of the things that travels quickly on social media.

In a contemporary democracy if compromises do not occur in formal debates, such spontaneous anti-politics movements can easily be hijacked by people with darker agendas.

At end of November the U.S. Federal Reserve Chair Jerome Powell turned dovish albeit without political reference. Treasuries rallied hard to down 10-year yields at 2.99%. It appears that the Fed’s strong economy may not be as solid. The gap in interest rates between 2-year and 10-year Treasury securities dipped to 0.15% point.. The spread between the 3-year and 5-year notes dropped to negative 0.01 percentage point on 3.12.18, the first time that has happened since 2007. For gauging recession risk and weighing investor doubt about the future, an inversion of the yield curve is significant because it has preceded past recessions.

Factory orders in China are down. The Dow closed 25,826 points on 3.12.18, up 287 or 1.1% on the Monday after the weekend G20 summit. It had in early trading +440 points or around +1.7%. President Trump rebuke of interest rate hikes is becoming the new reality, not tired of winning!

Hope paragraph break image

In Malaysia although Brent crude price is way below $70 per barrel, a B10 program will increase local consumption of palm oil and help reduce surplus in the global market. A new rule will come into full force from February 2019 to phase in the B10 biodiesel mandate on truck manufacturers such as Scania and bus manufacturers assuring engine warranty extension with usage of B10 in Malaysia.

Foreign direct investment into Malaysia increased to MYR 3.95 billion in the third quarter of 2018 compared to MYR 2.84 billion in the previous period. This bodes well for the government three-year period to improve the economy because there must be continued rise in business investment.

2nd Book Preview of “How to Read the Quran”

Tags

, , , , , , , ,

The first book preview URL is https://www.createspace.com/pub/community/give.review.do?id=1250691  Updates and some editing on the book preview is published on my blog Hope Tribute Malaysia https://hopetributemalaysia.wordpress.com/

Both the eBook and paperback book are now available on Amazon.com.

Quran preview notice 1

We had cited some current world developments to help reflect scriptural guidance postulations relative to modern times. The narratives on Brexit still hold, the comments on Macron’s European Army now is intrigued with Merkel joining in but Trump’s mocking response “Make France great again!” even surpass our alluring to most EU communities being alienated by any bent on Neverland federalism. In our book, the somewhat leader of lost EU commission boys, Macron could now bring the European Union to rue because of his view to possibly even defend against the U.S.

The Czech Republic, Hungary and Austria not wanting to sign United Nations’ The Global Compact for Safe, Orderly and Regular Migration agreement come December do not contradict our notion of right-wing governments focusing on their own respective homeland priorities.

Hope paragraph break image

On 17.11.18 more than 100,000 protesters in France linked the rising cost of diesel fuel to Macron, the “president of the rich.” His approval ratings now at 26% is far lower than the US President’s 40%. Ex-environment minister, Nicolas Hulot said in an August radio interview that greenhouse gas emissions was not reduced.

Can Macron’s carbon tax measures to curb climate change which ends up hurting the working class with increased retail diesel prices be good governance. Legislative policies ought to directly make industrialists pay by investments in more efficient manufacturing processes.

Australia and New Zealand on 18.11.18 indicated they will jointly fund a US$1.7 billion plan to increase electricity supply from 13% of Papua New Guinea’s (PNG) eight million-strong population now to 70% by 2030. Australia is expected to give around A$572 million in development aid to PNG for the 2018-2019 period.

The aid donors could be seeking to counter China’s influence in the strategic Pacific region. During the Asia Pacific Economic Cooperation’s (Apec) annual summit in PNG, the opposition leader, Gary Juffa cited Malaysia’s Dr Mahathir scrapping China-linked projects worth hundreds of billions of ringgit by citing affordability issues. He warned that there were that PNG could be unable to cope with Chinese BRI investments debt burdens.

After the Apec summit, Dr Mahathir mentioned to a congregation at Hohola Mosque in PGN about reading and understanding the Quran in your own language. “If you read the Quran, it will teach you what is the way of life for the Muslims. But if you go according to certain interpretations by leaders, then you may not be getting the right message of the Quran that’s found in the Quran,” Dr Mahathir said. “The Quran should be the final guidance for us. Whenever we fail to understand or whenever we find teachings to be in doubt, go back to the Quran.”

Post publication events and world order reform developments not withstanding, the manuscript passages on cited events and case references are spot on. The title remains a valid contemporary approach to garner a seamless understanding of the scriptural teachings without being distracted by apparently haphazard not sequential narratives of divine guidance and decrees of the Quran.

Book Preview “How to read the Quran”

Tags

, , , , , , , , ,

How to read the Quran

https://www.createspace.com/pub/community/give.review.do?id=1250691

Hope Quran text pic 2

Short stories of one recalcitrant pipe piper’s quest to expound scriptural guidance for the layman to nonchalantly absorb universal noble values interspersed in story telling is a refreshing approach to entice young and adult minds.

Relative to The Good Country Index, are there world economic developments tilted for the future of humanity? A call circa 24 October 2018 for a Marshall Plan for Africa is a prominent instance. The Czech Prime Minister made the suggestion because the European Union wanted to spend more than $11 billion on increasing the number of border officers from 1,500 to 10,000 for stopping illegal migrants particularly from that continent. Can citing world developments help reflect some scriptural guidance in modern times?

Investment to prod up specific African economies would help deter the poverty stricken populace from seeking greener pastures abroad because most people prefer to stay put in their homeland. Other EU nations like Poland and Hungary also are opened on measures to persuade potential migrants to stay in Africa. In the grand scheme of things nationalistic objectives could also result in a greater good of others – the workings of universal energies at play. Some call them angels, they still constitute spiritual forces from God.

Not in the limelight, scientists in China have successfully cultivated paddy in salty waters along the Yellow Sea coastal city of Qingdao. Some types of grain produced in between 4.4 tons and 9 tons of rice per hectare. Presently farmers growing some types of saline-tolerant rice could get 1.5 tons per hectare. Only by doubling the yield would it be commercially viable. God’s bounty awaits the ingenuity of man to reap and prosper. Consumers have taken to its flavor and texture and in China the rice grown in salty water is thought to have several health benefits.

Malaysia’s 720,410 tonnes of bio-diesel production in 2017 could reach 1.2 million tonnes in 2019. This of course depends on Brent crude oil prices holding above $70 per barrel. Instead of penalizing oil palm because of misplaced notions of sustainability, the European Union after depleting their forests has the audacity to champion measures to victimize the economies of developing nations. Greater oil palm cultivation would make renewable bio-diesel not only a growth engine for Malaysia and Indonesia but indeed contribute a greater good for humanity’s economic need for partly renewable energy.

The above developments illustrate one aspect of the grand scheme of things even as mankind seek the bounties of God – a timeless theme in all scriptures. The Quran is also called the Reminder which connotes the scripture as the seal, meaning the conclusive rendering of divine rules and customs which are true and what are not. The five modules of the manuscript expand on the themes set out in Al Fatihah, the opener of the Quran. Many scholars regard its seven verses as the essence of the scripture.

With this as a backdrop, voluminous cross references of Reminder verses are appended in Addendum A with points 1.0 to 3.0 in sync with the discourse of Module 1 through Module 3. Points 4.0 and 5.0 of Addendum B links with Modules 4 and 5. There are only sporadic citing of teachings of other scriptures because the author is only conversant with the Reminder.

With commonplace scenarios illustrations and everyday life anecdotes the manuscript aims to better reflect the nature of what is written in the scriptures relative to modern times. It can be a reference text to prompt discussion topics in any comparative religious study in college and high schools.

In the modern economic system discourse, starting with Point 4.91, Points 4.94 to 4.97 passages relate some world economic and realpolitik developments relative to The Good Country Index and the Islamicity Index of Scheherazade S Rehman and Hossein Askari. Note that these contents are not in the main manuscript for we do not want to distract readers from the approach on how to read the Quran.

In discussions on comparative religions the Addendum Points 1.0 to 5.0 are better suited than the main script text because of ease of referencing relevant passages and cited verses. They also contain added drilled down passages to render a more comprehensive perspective. Technically the discourses then facilitate academic arguments. Twelve topics (T1 to T12) in question form are listed in Addendum C as closure to Addendum A and B. These are obvious debating subjects.

The message of the scriptures is not about how to worship the Almighty Creator of the universe. Practical matters of living out an abundant life or conversely one filled with injustices is the thrust of the teachings in the scriptures. The layman needs to understand the scriptures and upon acquiring knowledge he then establishes his submissions or in Arabic “lamasajidan” to the best of his capacity. Anyone can have a life of abundance, living a peaceful life while recognizing the distinction between the truth and falsehood.

In whatever capacity we are to deliver some of the clear divine guidance which broadly explains everything about a life of abundance. To obey the messengers means to follow the message since messengers are the ones chosen to deliver the word of God. None of them create any of God’s laws but merely conveyed them. Muhammad quoted what was revealed to him when clarifying the teachings. Yet some coreligionists tout that they strictly follow the way of their prophets.

To realize the abundant life contribution in the cause of the Almighty is crystallized with noble intent and benign knowledge. In a nutshell the best contribution is a deed done not even expecting a word of thanks but purely consciously carried out for the good countenance of God. We then are striving to fulfill our Amanah even at the workplace where most of our time is spent.

By noble intent we mean in contrast to aspirations for bigger businesses and branded cars, luxurious abode and many children, hoarded money, elegant clothes and fine jewelry, exquisite meals and sensual relationships. All is pure vanity or because of greed and pride as described as the pull of passions in the Readings.

More poignant is that the Islamicity study of Scheherazade S Rehman and Hossein Askari found that most self-declared Islamic countries did not adhere to Islamic principles concerning economic, financial, political, legal, social and governance issues. Very provokingly it questions how man can live the true meaning of Islam. The true parameters are trust, justice, fairness, freedom. People do not lock their doors when they go out and yet no one trespasses the property. If you return a broken egg to the grocer he replaces it without question. People are honest in their dealings irrespective of the value of the transaction.

Their study of 208 countries assessed if they were governed on Islamic principles using criteria such as corruption, human liberties, financial systems, economic opportunity and economic freedom. Malaysia was ranked 38th, the highest among Muslim countries.

Andrej Babis the Czech prime minister had formed his ANO party in 2013 with the promise to end corruption. So does the 2018 new coalition government of Malaysia under Dr Mahathir. Malaysia’s prime minister in waiting, Anwar Ibrahim called for a new program to help the poor regardless of race. The affirmative action policies for the country’s Malay majority getting discarded would be a right governance step, going by the Creed of Abraham and the really needy Malays would still be helped out. Those who were well off would no longer abuse the system envisioned in the scriptures for an abundant life among communities of all races. Of course being the majority, more Malays would benefit but there would be light for Indian and Chinese communities as well.

The euro zone direction is an on-going restrain on new world order reform and British Prime Minister Theresa bent on the European Union’s offer to extend the transition period of Brexit could lead to a confidence vote on her premiership in December 2018. What a dismal development because a no-deal Brexit would be a positive for new world order reform. After all the Czech prime minister would pass emergency legislation in the Czech Republic to ensure British citizens continued to have the same access to the Czech Republic.

The Czech Republic, Poland, Austria, Hungary and even Germany are almost on the verge of following the footsteps of neo-fascistic Italians as the rising tide of populism veer to prioritizing each country’s homeland needs. They would fight Brussels’ encroachment and for instance combat illegal migration by making the task of protecting Europe’s borders to nation states. The UK must also have a similar policy for its own homeland need.

The United States October 2018 plan to withdraw from the Intermediate-Range Nuclear Forces Treaty with Russia would also make all former Soviet republics Estonia, Latvia, Lithuania, Ukraine and Georgia more aggressive towards the European commission which the UK could leverage on.

All the specified nations are in the top 60 of the Good Country index. Germany, Austria and Hungary are ahead of Singapore which is 15th in ranking. Italy is 16th, Malaysia is 37th and India 59th. as comparisons. All in all let each nation’s people judge the actions of its own government. It’s back to their respective Amanah, not left to some self-righteous bureaucracy in Brussels.

With very personal anecdotes of a biographical character, Harris (adapted from a novel entitled “Man from Quaint City”) some tales churn up everyday life situations which illuminate prominent divine laws. Typically he is known among the extended family youngsters as one who keeps his promises and a person not to be fooled around in respect of commitments made. He walks the talk where it concerns honoring pledges. Some people will not repay even small debts without persistent demands. In Malaysia student loans taken by Muslims have very high default rates.

Together with current economic and realpolitik observations this book provides an approach on how to read the Quran. Readers could juggle and combine the process to suit their preference and style. It is not meant to be Hut School traditional teaching of correct rendition of verses in Arabic. What matters is for commoners to understand their role of fulfilling their obligations to their maker and then the Islamic precept of “Amanah” in the workplace and when at rest will ensue with robust vigor.

Akin to becoming a 21st century book of epistles, parodying renditions of principles of the Creed of Abraham the liturgical readings which the Quran in a sense is, a reference listing of virtues can be deciphered. Next, how to read the Quran without being distracted by apparently haphazard not sequential narratives of divine guidance and decrees in order to garner a seamless understanding of the core message of the scripture?

The premise of new world order headwinds in 2018 and Brexit being a positive development underscore nations surviving by learning in order to avoid crude madness that history has so far counted. A brighter future of humanity and advancement of the grand scheme of things will be shaped by peculiarly startling efforts of real action of world leaders as they balance their duty to their own citizens with their responsibility to the wider world.

There is no doubt a designated system as providence for mankind and serenity for any layman. Religiously speaking it becomes a pathway to paradise if you will, provided perception of the way (Arabic: “deen”) is cleansed of falsehood and you constantly adhere to God’s commands. We need to be committed and embrace the straight pathway or method needed for success. The divine system is elaborated in relation to policies and their implementation for the present and longer range governance of society to neatly wrap up the Amanah tapestry.

Let’s note that a system is a way of working, organizing or doing something in which people follow a plan or set of rules whether working, organizing events or partaking in leisure activities therein situations and activities then have a sense of orderliness. With a career in business performance improvement spanning over twenty years there are no apologies for using the business lingua franca in paraphrasing some verses of the scriptures to show what the decrees emphasize relative to work ethics, innovation and governance.

Excerpts from Addendum A:

. . . (Points 3.25, 3.26 & 3.27) Corruption in the land means destruction of property and crops, persecution based on religious beliefs, victimization, causing riots and mischief, being overbearing to the under-privileged, weak, poor and needy, being unjustly insolent in self glorification, following a tyrant’s bidding, as well as in the public domain – using force for one’s own gain, unfair business practices, not giving full measure, not keeping trusts, profiteering and barring study because of religious beliefs.

Lawful measures mean in adherence to God’s justice and concept of fairness and mercy in dealings and transactions. This also means no exploitative monopolies, particularly in sectors related to infrastructure, utilities and essential public services.

The wont of God is always justice and bias fairness to man, truth to be savored. Man is warned not to connive ruthlessly to own property for greed, envy and plain vanities or to use wealth as bait for the judges with intent that he or she may illegally possess other people’s property.

If God were to expand sustenance for people they would act outrageously on earth. Thus we receive sustenance or personal dependence (Arabic: “resqi ia-yu-solaa”) only in due measure. Herein understand why the universal energies do reverse the gesture for the unscrupulous. Those who are shielded from their own avarice and covetousness will be prosperous. Nothing of what is spent in the least in the cause of God is waste for it will be replaced many folds.

God grants wisdom to whom He pleases and he to whom wisdom is granted receives indeed a benefit overflowing but none will grasp the message other than men of understanding.

The worthwhile social-economic goals of a nation depend very much on the circumstances and stage of development of a country or society. Economic policies required to ensure peace and solidarity of a people in order that its economic activities substantially increase must always be in line with God’s grand scheme of things.

There must of course be no injustice even in the short term although it might be thought to be required for attaining long term strategies because any endeavor in conflict with the Way of God will not bring prosperity in the long run. There is sufficient flexibility and alternative strategies other than injustice to advance one’s economy.

For example, it is righteous to cater for the under-privileged and needy and to provide special facilities to uplift them – but not on the criteria of race and creed.

Equilibrium in the universal system is not merely the meeting of the forces of demand and supply but in not exceeding the bounds of the Way of God. It centers very much on what is called ‘the Golden Mean’ – the middle way or moderation or appropriateness. Paraphrased, it means fair prices, no abnormal profits, balance focus of all strategic sectors for economic investment.

It is because of God’s graciousness and mercy that man was created and the “inherent religion” (striving to be closer to God) within man makes each person inclined towards fulfilling the innate trust of attaining attributes of forbearance, love and mercy.

. . . (Point 3.51) God vide Q20:51-53 gave each thing its form and guided it. The Earth is characterized by valleys and pathways for travel and rain from the sky to sustain varied vegetation. The Buddha’s advice to fall back on direct knowledge from one’s own experience does not have to be mathematical exactness. Correct understanding of the corollary to scriptural narratives is the important factor that made the difference to realizing the path of ease prescribed in the scriptures.

By observing that each created thing has its unique form and nature whereby creatures and plants function instinctively and are governed by their natural inclination for growth and survival points to a supreme creator. Water as the universal solvent cleanse as well as rejuvenates its inherent pure properties as rain to sustain varied vegetation underscores the fact. Also read Point 2.52.

No human mind can invent such a miraculous substance and even think of it cleansing itself through evaporation. While using water and acknowledging its beneficial properties as a divine gift to mankind we pay homage to the wondrous creation of God. Only if we are conscious of the factual ingenuity of God’s creation do we embrace remembrance of the Lord of the worlds and we are actually seeking through the Almighty’s bounties the treasured countenance like a child diligently finishing his or her chores to see a parent’s smiling face. Also read Point 1.54.

Do we even have the thought to make water cleanse itself? Well, as water evaporates into the atmosphere and rejuvenates the earth as rain the miraculous process is just beyond our imagination. This is characterizing Islamicity in motion. All in all, the corollary to Q20:51-53 is that God exists as our Maker and Creator of the whole universe. How better to explain the opener verses 1, 2 and 3? Both the righteous and unscrupulous benefit from rain and water. That’s the subtle meaning of the Most Merciful attribute of God. Would not the expert coreligionist now not prefer to exhort narratives from the scripture instead of conjectured tales of handed down traditions?

Excerpts from Addendum B:

. . . (Point 5.27) At work or in business or any position where you need to fulfill your trust with God, you consciously strive over and above the expected roles and responsibilities in order to really excel in harmony with your true potential in playing a role to contribute in the grand scheme of things. Not being successful does not make Harris cease and desist from endeavoring to his utmost even when others deem it quixotic.

To realize the abundant life contribution in the cause of the Almighty is crystallized with noble intent and understanding akin to Khidr’s non-referencing of man-made norms. In a nutshell the best contribution is a deed done not even expecting a word of thanks but purely consciously carried out for the good countenance of God. We then are striving to fulfill our Amanah even at the workplace where most of our time is spent. Read Point 5.14 for cross-references of passages in this manuscript with this theme.

By noble intent we mean in contrast to aspirations for bigger businesses and branded cars, luxurious abode and many children, hoarded money, elegant clothes and fine jewelry, exquisite meals and sensual relationships. All is pure vanity or because of greed and pride. See Point 1.73 on the pull of passions.

. . . (Point 5.33) Not tweaked, market mechanisms are vulnerable instruments for achieving the public good because big capital rules politics in western economies. Even in Germany, Merkel’s coalition government is under pressure for neglecting social economic policies in favor of export market thrusts to grow GDP thereby benefiting industrialists leading to suppressing wages of workers, particularly women with high propensities to consume and organically expand economies.

Public policies must not be disproportionately weighted toward the interests of capital against labor. Low unemployment and a good system of apprenticeships would prosper communities. Readers might want to revisit Points 4.72 ( . . must not be lopped sided to favor the speculators in the stock markets, special interest groups in business and industry) and 4.91 ( . . 3% to 5% of the population controls or hold the economic pie).

In China politics rule money and policies facilitate the market to adapt towards social stability. In democratic nations increasingly marginalized workers change governments. Good governance must monitor monopolies over energy and water supply, cut off real estate and financial markets debt leverage abnormal gains because markets themselves are not neutral per se.

No game of throne should seal self preservation objectives against the middle road of defending all and sundry. Most prominent is inflict no evil and pain on others, the least in threading together worthy policies to choose from. Read Point 3.20 (3.21 to 3.28 discourses), Point 4.13 . . Some ancient rogue community committed evil in the land, and Point 4.91 on the subject of economics and governing communities.

The Chinese government cutting import tariffs on goods from November lower costs for domestic consumers and companies. Inflation in the United States has been controlled by low consumer good prices, largely thanks to China. When everything in the supermarket goes up by 10-15% American households already drowning in credit card and student loan debt, will be hit especially hard as interests rates increase. Weaker consumer spending will tank the markets.

Americans household debt, driven by a $9.1 trillion in mortgages, is now $837 billion higher than its previous peak in 2008 just as the last recession took hold and brought on massive deleveraging across the U.S.

Hope Quran text pic

. . . (Point 5.34) After President Trump’s telephone call to China’s President Xi in early November, the world is hoping the two economic giants will resolve their trade dispute. Read Point 4.96 on resolving trade war which the author had written in his blog on 16.8.18.

Both Trump and Xi can be considered high profile recalcitrant characters involved in reforming world order of the day. Hopefully they remain attuned to Point 5.25 “fighting rogue windmills”, not becoming villain windmills steeped in attitudes of complacency and mischief. Their planned meeting at the G20 gathering at the end of November to spur a win-win trade deal would raise standards of living all over the globe. Counter tariffs placed by competing nations can lead to a drastic jump in domestic prices, benefiting only a handful but inflicting evil and pain on the masses.

. . . (Point 5.36) The prime minister of Malaysia wants to break up monopolies. He ordered the state-affiliated company, Telekom Malaysia to share its vast cable ducts for high-speed broadband thus saving new operators the expense of laying underground fiber-optic networks. There would soon be no longer with a single entity holding the sole concession to import rice to Malaysia. Mandatory inspections of used vehicles before resale would also be liberalized to allow multiple companies to handle them. Reviewing and streamlining the role of state-owned enterprises and monopoly entities to meet the objectives of enhancing market efficiency and fair competition will be on-going. See linkages with Points 3.25, 4.52 . . What cartels and monopolies must be broken up or be supervised, Point 4.91 . . unfair monopolistic practices which favor just a few operators or suppliers . . price fixing by cartels.

Book Preview Questions:

Q1) Can we reflect scriptural guidance in modern times through citing real new world reform?

Q2) Will folks negate tolerance for corrupt leaders in their midst by relating pertinent anecdotes?

Q3) Will readers be encouraged to reabsorb the true teachings of all scriptures?

 

 

Outlier economic and bespoke investing outlook #26

Tags

, , , , , , , ,

 

Hope _bespoke #26 jpec pic

Outlier economic and bespoke investing outlook #26

Is it true that China’s ownership of U.S. bonds, bills and notes was reduced by $10 million from $1.18 trillion in June this year? It’s less than 1% but let’s connect the dots of our Bespoke investing & economic outlook highlights pertaining to the onset of world order reform.

Bespoke gold investing #22 (25.4.18) reiterated that China’s measures to reform the new world order would happen in the second half of 2018. Dumping U.S debt by China will be at a steady pace albeit slow because of the risk exposure of their trillion dollar holdings.

We also stated that inflationary pressures of higher crude oil prices would push affected third world nations to purchase oil on the Shanghai and Hong Kong markets where China’s petro-yuan thrust would then move to the forefront. Nymex crude oil has increased by $4 to above $72 per barrel which is a 5% hit.

The petro-yuan thrust will hamper the western economies central banks liquidity drains and a new world order currency will no longer be free from a gold peg. On the horizon is the Fed shrinking its balance sheet, meaning the bonds they’re selling are sucking dollars out of the economy. But we already have some Emerging Markets using their dollar reserves to prop up their own currencies and economies leading to a ponzi scheme because borrowing money just to pay back old debts means that.

Foreigners cannot buy more U.S. debt due to shortage of dollars in the market so the Fed will monetize the U.S. Treasury and outstanding debts by just printing more dollars, meaning deflating all outstanding debts – the greatest ponzi scheme. How else will the U.S. Treasury be able to get the funding they need to run the biggest deficits since the Great Financial Recession of 2008, partly also due to Trump’s tax cuts.

We wrote back in April that the Euro zone planned roller coaster quantitative easing rides becoming painful options too. A reformed world order in global reserve currency could finally take place with China’s nuclear option of dumping U.S. debt. The Chinese leveraging on its petro-yuan agenda would spare all parties the cost of exchanging dollars in the oil trade.

Again, in due course some traders instead of holding surplus assets in yuan would freely convert them to gold at China’s exchange markets. There is no letting up on deja vu Bespoke investing & economic outlook #23 . . . simple as A, B, Xi published on 25.7.18. Still we wait till world gold price burst out of our target $1300 per ounce price area and the EP value (MYR equivalent price per gram) to be higher than base of MYR176.65.

Hope paragraph break image

Preserving your wealth through good times and bad don’t ignore gold for it’s a sure bet asset that offers protection in bad times. You can’t create gold at will, unlike paper cash. Based on China’s cautious but clear bent on a new order for world trade and reserve currency pending a G20 summit after the November U.S congressional elections, we can look forward to world gold price above $1300 in December 2018.

The prevailing October 2018 macro-economic scenario has resulted in China September exports 14.5% increase from a year earlier. In spite of escalating trade tensions the weaker renminbi contributed to China’s $34 billion surplus with the U.S. This surpassed the record of $31 billion in August. Tariffs imposed on $250 billion of exports to the US was mitigated by the Yuan depreciation of about 6% against the dollar this year.

Although the Shanghai Composite Index has touched a nearly four-year low China’s GDP of 6.5% in the third quarter from a year earlier was only slightly down from the 6.7% pace in the previous quarter. China has set a GDP growth target of around 6.5% for 2018 compared with 6.9% economy expansion last year.

Brent crude oil prices are holding above $75 per barrel which is a blessing for Malaysia. More important is that higher prevailing oil price has contributed to palm based bio-diesel spread over palm oil to hit US$219 per tonne in early October. It would be a badly needed growth engine in a scenario of weaker palm oil prices. Malaysia’s 720,410 tonnes of bio-diesel production in 2017 could reach 1.2 million tonnes in 2019. Its export could double the 235,291 tonnes in 2017.

British Prime Minister Theresa bent on the European Union’s offer to extend the transition period of Brexit could lead to a confidence vote on her premiership. What a dismal development because a no-deal Brexit would be a positive for new world order reform.

The United States withdraw from the Intermediate-Range Nuclear Forces Treaty with Russia will increase all former Soviet republics in the EU to be more aggressive against EU leadership which the UK could leverage on. Trump could cut about $50 million from his administration deficit in his America First agenda. The UK must also have a similar policy for its homeland need.

 

How did Anwar get projects for PD? . . Poda Democracy

Tags

, , , , ,

How did Anwar get projects for PD? . . Poda Democracy

Thank goodness we now have an intelligent challenge to the PD Move. Is there the need for AI to digress from the return to parliament goal? Shooting one’s own foot won’t help the Alliance of Hope cause. The public is already bearing with the GE 14 grand nuances.

Stevie Chan’s simple questioning is worth absorbing. Ignore the rhetoric trying to divide us along racial, religious, LGBT and other misplaced fault lines. UMNO, except KJ, are kids playing in a sandbox. Working men and women in general will be better off voting for Jobs and a strong Economy but it’s already done with GE14.

PKR’s Kajang move failed. The present PD move?? Wait patiently and perhaps the timing and protocols could be better.

Hope oct 2 text pic

How did Anwar get projects for PD, asks independent candidate https://www.freemalaysiatoday.com/category/nation/2018/10/01/how-did-anwar-get-projects-for-pd-asks-independent-candidate/

PORT DICKSON: Independent candidate Stevie Chan Keng Leong has raised several questions on the promise by PKR candidate Anwar Ibrahim to deliver three mega projects for the people of Port Dickson.

Chan, a social media personality, asked if the arrangements were legitimate since the projects were proposed by private companies. “I have a few questions for him (Anwar). Firstly, in what capacity did he make these negotiations? “Secondly, who met who first? Did the private company actually come to meet him or was it the other way around?

Is Anwar tied to the agreement to complete the project if he wins? “And lastly, do these companies have any vested interest?” he asked at D’Wharf Hotel and Residences here.

Chan said such political practices were thrown out when the country voted for Pakatan Harapan (PH) in the May 9 polls.

The problem here is that he (Anwar) didn’t say whether or not he studied the proposals and he didn’t say if the projects are conditional,” he added.

Chan also questioned Anwar’s sincerity in serving the people of Port Dickson. He wanted to know if Anwar believed that any elected representative could resign for no valid reason other than political expediency or was the move only acceptable to enable him to contest.

Chan also asked if Anwar had considered other alternatives to Port Dickson and why he decided not to pick another constituency. “Why does Anwar need to enter Parliament now via an engineered by-election? Is there an urgent matter that requires his immediate participation in the legislative body? What is the hurry? “Why did he not pick Permatang Pauh, his traditional constituency, or Pandan, occupied by (his wife) Dr Wan Azizah Wan Ismail? If Wan Azizah can vacate the PKR presidency for Anwar, then why can’t she let go of her parliamentary seat as well?”

Chan also wanted to know that should Anwar win, would he defend the seat in future or

abandon Port Dickson once his objective was achieved.

I hope he answers these questions. But he hasn’t been answering any questions since he announced his candidacy for Port Dickson. “If he doesn’t answer them, I will go and look for him and challenge him to a debate,” Chan said. The Port Dickson by-election was called after incumbent Danyal Balagopal Abdullah vacated his seat to pave the way for Anwar in his attempt to return to Parliament.

The indignity of PTPTN loan defaulters

Tags

, , , , , ,

The indignity of PTPTN loan defaulters

Brickbat social media criticism of National Higher Education Fund Corporation (PTPTN) borrowers who have failed to repay their study loans is nothing compared to not discharging one’s Amanah (defined here as conscience embedded moral responsibility in accordance with one’s station in life and prevailing circumstances).

One armchair pundit blasted aloud, “Already so many many years of affirmative action to restructure society imbalances . . until the borrowers deemed it their right not to repay. It will continue to fester until legal action is initiated.” Another surmised: “What to do? Some politicians during the last general elections promised to write off PTPTN loans. Who would start to pay with this “hope”?

A sensible reply ensued. “Blaming cannot solve problem so accept what we have now despite their excuses. Don’t point out that Malaysia has high debts. Don’t blame the former government. This won’t help, isn’t it the case? How you wanna solve MYR36 billion in unpaid loans?”

Coming to the fore was a closure comment: “Why promise when a simple calculation will tell you that with 1MDB bad news you ought not leap without due consideration. You promised but now feel ashamed of students. The new government should be feeling ashamed for not keeping promises.”

Dr Mahathir had noted that there were loan defaulters who refused to repay their loans although they were able to do so. He said that he was ashamed but the defaulters were not. He also felt that loan defaulters were damaging their reputation and their community.

Students and graduates must be mindful of not crossing over transgression bounds. The Islamicity Index of Scheherazade S Rehman and Hossein Askari could spur food for thought.

Malaysia was ranked 38th, the highest among Muslim countries. To see if they were founded on Islamic principles, the policies and governance of 208 countries were assessed on criteria such as corruption, financial systems, human liberties, economic opportunity and economic freedom. New Zealand was rated 1st and Luxembourg came second.

Communities focusing on upright conduct will induce them to energize effectual actions in accordance with the teachings of all scriptures and hence the diversity in interpreting God’s message does not cloud their orientation to become decent and more benevolent.

The Islamicity study found that most self-declared Islamic countries did not adhere to Islamic principles concerning economic, financial, political, legal, social and governance issues. Very provokingly the Islamicity study questions how man can live the true meaning of Islam. The true parameters are trust, justice, fairness, freedom. People do not lock their doors when they go out and yet no one trespasses the property. If you return a broken egg to the grocer he replaces it without question. People are honest in their dealings irrespective of the value of the transaction.

Do not be surprised that the Quran in Q3:75-78 adamantly insists that you must honor your pledges. Some people will not repay even small debts without persistent demands. It’s just that such commands are not fancied by the clerics, hence not popularized.

Why follow the footsteps of some ancient Jews, in particular the reluctance of not repaying borrowings – an action the Almighty singled out as wrongful conduct, yet invoking not to follow the way of those who have gone astray during prayers?

Characterizing Islamicity in motion, the study by Scheherazade S Rehman and Hossein Askari contains plentiful citations and quotations of traditional reasoning. The lack of noble values in any society is simply damning.

Updated on 23.9.18 and 28.9.18:

“Sometimes, it is we (the Muslims) who read the Al Quran, but it is others who perform what are being told in the Quran … the people in non-Muslim countries do it. For example, the translation of Islamic morals is widely practiced by the Japanese. They are more hygienic, non-corrupt, and responsible, when Muslims are killing each other as is happening in Yemen,” Mohamad Sabu said.

News of what the Malaysian Amanah political party president said was aimed at negative perceptions towards Islam following the antics of certain parties whereas Islam stresses the aspects of harmony, tolerance and peace; “… with racial rifts and religious sensitivity conflicts becoming increasingly widespread in this multi-racial, multi-cultural and multi-religious country, the difference of Amanah in appreciating Islam is more significant than the party which was abandoned prior to this”.

The opener of the Quran, which many faithful in Malaysia recite in their daily formalized prayers includes an entreaty of being shown the way not of those like Pharaoh who had faced the wrath of God and cases of those who had gone astray like some ancient Jews. Pharaoh of course in Q28:4 broke up communities into factions. From those who have divided their system and become sects (Arabic: “syiyaan”), whereby each group rejoices with what it has (refer Q30:32) is the Reminder’s euphemism of religion. No other Arabic word in the Quran for religion is closer than “syiyaan”. Vide Q6:159, you “are not with them in anything”. In Q6:115-116, the Word of God is truth and it does not change. If you were to follow the common run of those on earth, they will lead you away from the Way of God. Their opinions are but conjecture and they basically lie.

Outlier economic outlook #25 . . . tired of winning?

Tags

, , , , , , ,

Outlier economic outlook #25 . . . tired of winning?

 

Bespoke #25 pic _sep 19,18

Tailwind from increased trade friction will not lead to any morphing into a recession. The Dow dropped 92 points on 17.9.18 and the 10-year U.S. Treasury note was above 3%. The alarm bells were not sounded although it reached 3.05% because the strong dollar kept inflation in check.

That’s not the case for the rest of the world with some exceptions. If underlying economies are linked with stocks the spillover effect of deflated wealth is enormous because only the U.S. and Japan are clearly in positive territory this year in respect of stocks performance. We need to see continued rise in business investment over the next few quarters otherwise even the boom of U.S. companies current earnings will subside.

In Malaysia, the inflection point will set in with the ability of companies to service their debts. Earnings before interest and taxes (EBIT) must be greater than their interest expense. China might be in dire stance here if not for the nation’s high currency reserves. With higher crude oil price inflation worsens most countries economic situations. Malaysia of course is stabilized by Brent crude above $70 per barrel and its currency depreciation against the dollar is comparatively much better off than China and Indonesia.

In respect of our previous Outlier economic and bespoke investing outlook posting of 16.8.18:

Hope jpeg EP value diagram for Besp#25

The Ringgit continued to weaken against the dollar. With comparatively slight rise of world gold price the EP value (MYR equivalent price per gram) inched up toward base of MYR176.65. It was around 10% higher than base in March and April this year. Our gold holdings is a mere token quantity to maintain our gold trading account. Last year local gold price was 4.2% higher than base on 11.9.17.

The one month world gold price chart below says it all. In the doldrums it is not likely to burst out of our target $1300 per ounce price area before the onset of world order reform comes on stream.

Besp #25 gold pr 1 mth pic

Hope paragraph break image

As at Wednesday 19.9.18 stocks investors consider the latest escalation in the U.S.-China trade conflict as not severe. Developments in North Korea, as well as softening of the European Union Brexit negotiations change little of the summations drawn in past Bespoke highlights used in the updates of the manuscripts “Amanah in the workplace” and “21st Century Don Quixote” titles.

Brickbat social media criticism of Anwar Ibrahim’s Port Dickson by-election platform to re-enter Malaysia’s parliament as Prime Minister in-waiting is nothing compared with high profiled politicians resigning from UMNO because of disheartening realpolitik developments.

For sure Dr Mahathir knows his age implications. If he passes on while in office, Dr Wan Azizah (Anwar’s wife) becomes the 1st female PM of the land of glory. Better still for electorates, Dr Wan with Dr M tutelage – dig a pony. She’s not susceptible to the pull of worldly life passions: elegant clothes and jewellery or heaped-up hoards of gold, exquisite meals, sensual relationships, bigger homes and cars, striving for towering businesses and top-most positions. Why the need to guarantee Dr Wan giving up her Deputy Premier position? Now under Dr M’s tutelage she’s more comfortable as a cabinet member. It’s not wishful thinking, but life can have some blessed twists.

Updated on 22.9.18:

Along came a lone wolf restricting the number of refugees allowed into the United States at 30,000 for fiscal-year 2019. Blue eyes must be turning green in Hungary, Poland, the Czech Republic and Slovakia. Austria’s Chancellor Sebastian Kurz too must be envying those states under Trump.

Next, EU leaders rejected UK’s “Chequers” plan and Premier May ought to step up a Brexit no-deal with the UK leaving the Nato alliance thus saving $50 million a year for a starter. The UK is buffered by NATO allies which on the surface do not fear any possible Soviet Union aggression. They can then proceed with their on-going strengthening economic ties with Russia.

A win-win scenario for all parties? Let’s lay back and relish the reaction of euro zone front line nations Estonia, Slovakia and Slovenia. Even Poland and Hungary will be up in arms with the EU leaders bent on more centralized bureaucracy. The friendly allies pudding needs a greater than brexit challenge.

The U.S. is the biggest contributor to NATO. President Trump could up the ante by proposing to just match the subsequent top 5 nations total yearly contributions. Would that spur Germany and France to increase their contribution? Still Trump would pocket $500 million in savings.

Wall Street’s Dow and S&P 500 had new all-time closes this week. There are investors who are tired of winning . . how gross can some get?

Tun Daim owning up to his viewpoint

Tags

, , , , ,

Tun Daim owning up to his viewpoint

Hope_Daim on Anwar _sep 17,18

https://www.malaysia-today.net/2018/09/17/tun-daim-you-should-not-waste-news-space-on-anwar-his-time-had-come-and-gone/

Without mincing words, Daim discussed with New Straits Times journalists the key events during the “Mahathir Years”, including the events which led to Datuk Seri Anwar Ibrahim’s downfall.

The Coverage

Question: Media reports suggested at the time of your departure from the cabinet in 1991 that Tun Dr Mahathir Mohamad had three names in mind as the new finance minister — Tan Sri Sanusi Junid, Tan Sri Rafidah Aziz and Datuk Seri Anwar Ibrahim. Was this indeed the case?

Answer: Rafidah was then the minister for trade, having been appointed to the post after the Team A versus Team B split in 1987. Sanusi was minister for agriculture. Dr Mahathir wasn’t too sure about Anwar. He said, “I don’t think Anwar can handle the ministry of finance” given his academic background. He was a graduate in Malay studies. My counter argument went along this line – “I think if you want him to be your successor you have to groom him.
“I can help him and guide him, give advice.” In the end, I managed to convince Dr Mahathir.

Anwar used to come to my house very often to seek my advice on matters related to the ministry of finance. He would also bring me to to his house for lunch very often. His aunt cooked my favourite dishes.

Question: Given that Anwar had later named you as the “chief conspirator” leading to his sacking from the cabinet in 1998, when did things actually turn sour?

Answer: There was no fallout between us until he started accusing me of being a chief conspirator. This is an old story. No one is interested in the whys and wherefores. Really, we should not waste time with Anwar. He is past his use-by date. His time had come and gone.

I also think that you should not give so much news space to him. That’s what he likes. He does not like to be ignored, so ignore him I say. He should be left to be the entertainer that he is, dancing and singing at ceramahs. As I said his time is gone, like a burung punggok merindukan bulan, (a dog barking at the caravans, and the caravans have moved on).

When Anwar claimed that I was the conspirator, he knows the truth that I played no part, no role whatsoever. I knew nothing about the case until I was told about it. I might be a busybody, but I do not interfere with people’s private life. I don’t want people to know about mine either. I don’t want to know what people do behind closed doors. I’m not interested. People whispered to me, but I said, “Look, we are all human, we all have weaknesses.”

But I understand he was under pressure, it was his political survival and he was a drowning man, clutching at whatever to keep himself afloat, plus he knew that I would never answer any allegations thrown at me. I thought I was his friend and he was in trouble, and I let it be. I also thought that it was so far-fetched that it was laughable. Anwar, for example said I took out RM2 billion cash by plane. I must be an idiot, and any way how much is RM2 billion cash? Probably a few lorries to transport!

At the end of the day, truth will always prevail. You can’t hide it. If not today, one day, the truth would be told. In the case of his supporters, even if he were to do all that he is alleged to have done, right on the carpet in front of their eyes, they will not believe. To them, everything is a conspiracy.

Anwar’s problem was that his image was whiter than white. When stories got around because he got this image, it’s difficult for people to believe. In life, some things are too strange to be true but they are true. As Sherlock Holmes said, “When you have eliminated the impossible, whatever remains, however improbable, must be the truth”. There was a myth about Kennedy, too, but people did not talk about it during his lifetime. After his death, you read about him and what he did behind closed doors.

Question: There was talk back then that your motivation in ousting Anwar was that you were anxious about protecting your business interests?

Answer: That was his line, that he was this super hero fighting crime and corruption and, therefore, had to be brought down. If you know the things about him that I know, that line of his is hilarious, and the cheek of it all, to claim righteousness.

I had then retired and what business interests did I have? I had to sell all my assets before joining the government in 1984. But later on, after I had left, when I was made chairman of the northern triangle, there was a clause in the agreement that I would be able to venture into business. I was not a member of the cabinet anyway.

I ventured overseas after my retirement. I didn’t want to do my business in Malaysia. But after my banks overseas became successful I needed to have a bank locally, I bought a bank. You can check, it was very expensive, I paid higher than anybody else. At that time, the highest anybody ever paid for a bank. This was a one-branch bank. Later, I sold this bank, too, when I rejoined the government at the last financial crisis. I really should stop buying banks in Malaysia. Every time I buy one, I’m made minister of finance and have to sell them.

Immediately after my retirement, I went away to Harvard University, in particular to the Kennedy School of Government as a visiting scholar. Anwar kept calling me in Boston. (He asked) why I stayed there and asked me to come back. He needed me to help him, but I said I was enjoying my stay. I met a lot of people.

It was at Harvard that I met Francis Seow (who once served as Singapore’s solicitor-general). He was writing books. Interesting books. You should read his books. We became good friends and often exchanged views over lunch. Then it was about the so-called “Daim Boys”.

Anwar, through his accusations, repeated the lie that I wanted this contract and that contract, and that because he was in the way, I got rid of him. A lie repeated many times, unfortunately, becomes a truth.

What contract? I want to ask, which contract did I or my family secure? Show me. Show me one single contract I got from the government. So I have always maintained, the danger with Anwar is that Anwar is more Sukarno than anything else. All fiery speeches, completely economical with the truth and an instigator at his best.

Question: Was there a turning point, one that had caused a fall- out?

Answer: There was no particular fallout. I was his scapegoat, among many other scapegoats. I was his friend, Dr Mahathir defended him. I told him not to open the Pandora’s box by making a police report but he thought he was clever.

I’ve told you earlier that you should not waste news space on Anwar. But you insist and I’m answering only to make the point that if you have Pakatan and him leading Pakatan, then we are heading down the road to disaster. He was tested during the Asian financial crisis and he failed. I also think that he failed not just because of his policies, but also of his motivation. Dr Mahathir, for example, was totally offended by the crisis. He could not bear to see what he had taken time to build destroyed because of the greed of speculators and financial vultures, and he wanted to make sure the country was safe again.

Hope paragraph break image

Question: Some commentators had pointed out that Anwar at the time of the crisis did not help by raising interest rates to such a high level?

Answer: In the case of Anwar, at that time, he was really badly advised.

Because all along we know, Anwar on his own did not know what to do. He has to get people to advise him and that was OK so long as you get good advice. And of course at that time he really liked (Michel) Camdessus of the International Monetary Fund (IMF) and James Wolfensohn of the World Bank. And he was also close to Robert Rubin (secretary of treasury of the United States). All these people later came to endorse him.

But you see, different countries have different environments, different stages of development, different conditions. It’s not the same. You look at what happened during that crisis to South Korea, Thailand, Indonesia and us. There’s Singapore, China and Japan. During that time, Anwar’s stance was “follow what was advised by the IMF and World Bank”.

That would be a normal reaction — in a crisis like this, you need some big fellows to come and advise. Because if there’s any trouble, the IMF and World Bank will come and assist. And if America backs you, you are also okay. And America has big influence over the IMF and World Bank. In the case of South Korea, it wanted to borrow from Japan so that it would not go down. But America refused to help. America told the Japanese not to help, so it went down and mind you, South Korea was close to the US. Don’t expect the US to support us.

At that time, Robert Zoellick, who was deputy secretary of state, made it known that the doors were open for the American companies to go in to pick up companies at fire-sale prices. This was the case with Indonesia when they came in and took almost everything they wanted. They killed Thailand, too. We saw what was happening. Dr Mahathir understood.

He said: “What we built… will be destroyed”. Years of growth and stability will be wiped out. And if we are not careful, there might be riots like in Indonesia, South Korea and Thailand.Probably worse. So, he had to think how to stop it.

Question: Based on your articulation on the political scenario, you are troubled not by Anwar’s so- called misconduct but more of his character?

Answer: I’m worried that he has not got the depth on economics. If he again becomes the finance minister or prime minister, his inclination is to take the American line. America is in crisis, Europe is in crisis. He likes to identify with Europe, America and Australia. He tried to get Australia to support him, to condemn and say our election will not be fair, etc. He talks of Arab Spring, but he said the Arab Spring here is not a revolution but through the ballot box.

He had been telling the world that he will win this election. If PR were to lose, it would be because of unfair practices and mobs could then go to the streets to protest. He promised to form the government in September 2008. Everybody got jittery and many believed him. That is his style. He is all talk and promises. Now, he tells the world he will win. But the government isn’t even responding. There has never been riggings in elections here. Last election, they formed five state governments.

Otherwise, how did the opposition win so many seats if the government rigged elections? No election is perfect in this world. But he has started this, and the government must respond. Anwar is conditioning the minds of the people here and telling the world PR will win but he knows he cannot win.

As I said earlier, I question his (and also Pakatan’s) motivation. His personal ambition is so overriding and an obsession that he does not care that it will be at the expense of peace and stability in his country.

Can you imagine the scenario if Pakatan does not get to Putrajaya? He will go on to claim that it is rigged and then bring on the Arab Spring here. Instigate the people that under Barisan Nasional, their votes were stolen and they have to go out to the streets to reclaim their votes. This will cause havoc and he won’t care because his ambition overrides all other considerations. And Pakatan doesn’t care, too, because they are on the same ride.

21st Century Don Quixote book preview

Tags

, , , , , , , , ,

21st Century Don Quixote

Don 21 book preview image _sep 9,18

Using current world events and high profile recalcitrant characters involved in reforming world order of the day to illustrate the mild epithet of fighting rogue windmills, the peculiarly startling efforts of real world leaders will raise standards of living for the abundant life. Can the message of the scriptures be explained in layman terms and commonplace illustrations?

Here are some extracts relating to clarifying the message of the scriptures interspersed in story telling. Any sincere person in the pursuit of the mystical “Salam” (a word in the Quran which connotes attaining heavenly peace and being in a state free from evil) will be prompted to constantly be in focus of priority purpose and actions.

. . . World development of a Sectarian Sunni axis and Shia crescent formations in Asia is punctured by Islamic State type malevolent villains on one side and faultless peace loving communities on the other.

God’s system for mankind would not result in any sectarian practices (Refer Q30:32). Could an ordained caliphate system end with the fall of the Ottoman Empire after World War I?

High-speed Internet has in the 21st Century spread “hate speech” among the two major sects of Islam. Fundamentalist Sunni clerics have popularized slurs against Shia such as “Safawis”. Other Islamic dominions are called rafidha (rejecters of the faith) and majus (crypto Persian). Some Shia religious scholars in fact have mocked the first three caliphs.

Sectarian strives have become worse after the 2003 Iraq War with a cycle of Sunni–Shia revenge killings. Sunni suicide bombers have targeted civilians, shrines, wedding and funeral processions. Shia then have declared suicide bombing as “haram”.

How could an Utopian Medina Islamic system enable sectarian authorities to conjure “permitted and forbidden rulings” and ascribe them as God’s decrees?

Slandering in context of the Quran guidance.

Those who conceal God’s sanctions about food and then invent the extras will consume fire in their belly. The Jews were given a town or country to freely eat whatever they wanted but they changed the words of God. In this context of “slandering” we are to confront them if they violate our rights to our way of life.

You must not be aggressive against people who disagree with how you practice the prescribed way of life. Thus you must expose them only if they confront you to change your way of life because “slandering” is worse than killing. Hopefully they are restraint. Confront them to expose any slandering but stop all hostilities when they cease slandering. “Slandering” is highlighted in context of unscrupulous people twisting God’s decrees as to what is forbidden and what is not forbidden. Be tolerant of what others believe but if the authorities, using pure conjectures of the priests to sanction their laws, forcefully prevent you from freely practicing your ‘way of life’ then you need to confront them.

Here’s the closure discourse on fake news. The verse Q2:29 is glaringly inflexible and simply states: “The losers are those who severe with what are commanded by God; whereas it binds (Arabic: “ia-yu-solaa”) and they cause corruption in the Earth.”

In Chapter 73 of the Quran, the call to read the scripture is repeated twice. For the observant, reading little or much since folks can be preoccupied with seeking the bounties of God or be taken ill the repeated callings command us to be committed to the decrees, purifying the intent with righteous deeds. Returns on your investment in the cause of the Almighty is akin to having keys to an inexhaustible treasury.

Why is there a high tolerance for corrupting the land and leaders of loose characters? Fair trading and an equitable economic system interlocks with the individual work ethic, honest work and skills expertise range. It must not fall into the ambit of corrupting the land – one of four core decrees that permeates the teachings of the Creed of Abraham. Do ask your hut school experts as to the Arabic word for “religion” . . . “syi-ya-an” in Q30:32 and “syiyaan” of Q28:4.

In Q6:161-163 we can infer that the Creed of Abraham established that our prayers and devotion, our living and dying hinge upon the workings of the Almighty. The Omnipresence has no associate and that belief is what makes a Muslim – a submitter to God. Vide Q22:77-78 we are to strive in the cause of the Almighty by doing good in order to prosper. In that way there is no difficulties in the cult of Abraham. Abraham (vide Q3:65-67) was neither a Jew nor a Christian – he was no associator of others with God. You will debase your soul with folly (vide Q2:130-132) if you reject the Creed of Abraham. He was given the orderly way of life, uttering “I bow my will and submit to the Lord of the worlds”. [The layman will be wise to follow this proclamation of faith]

. . . The way of life of the deviated Jews was not practicing virtues but one of reciting institutionalized prayers and practicing of rituals. Even the present day Arab religion of worshiping the One God does not change that way of life of “worshiping” through acts of rituals and formalized strict prayers. Some modern scholars know that there is no evidence that the Arabic Islam or Muhammad existed before 690 when the Umayyads conquered Jerusalem and erected the Dome of Rock. Non-Arab contemporary accounts written before the early eighth century did not mention any caliph before Mu`awiya. The ancient Arabs had a need to establish a distinctly Arab religion in response to the diversity encountered with their conquests.

This was until a June 2018 report by Fleur Macdonald appeared (on a BBC report). It is about some hidden writing in an ancient desert monastery whereby the manuscripts revealed that Muhammad had signed a charter in 625 AD to aid the Christians living in a valley at the base of Mount Sinai, Egypt. The Quran vide Q37:133-138 described the prophet passing the ruins of Sodom and Gomorrah by day and night. His preaching was not far from the Mediterranean sea but certainly far north from present day Mecca.

Hope paragraph break image

The premise of new world order headwinds in 2018 and Brexit being a positive development underscore nations surviving by learning in order to avoid crude madness that history has so far counted. A brighter future of humanity and advancement of the grand scheme of things will be shaped by peculiarly startling efforts of real action of world leaders as they balance their duty to their own citizens with their responsibility to the wider world.

Some excerpts from Chapter 3:

As at mid August 2018 China’s President Xi’s signature foreign policy initiatives of the $1 trillion Belt and Road Initiative (BRI), strategic partnership with Russia and South China Sea intrusions are viewed as confrontational. The United States agnostic viewpoint now is changed as China become a threat to its global leadership. With a perception that Trump’s resolute trade war is on the cards many of China’s elite turn to Deng’s forty year ago way forward insightful questioning of “Why have America’s friends grown rich but its enemies have grown poor?” . . In China’s one-party state any lethal threat to the CCP upends the delicate balance of power at the apex of the regime. Official ideological orthodox has altered to a personality cult of lackey second echelon leaders blindly carrying out earmarked policies.

Don Q does not perceive it in that light. Those who mind don’t matter. Those who matter don’t mind. How practical it is to be liked by some, not all is Trump’s motivation. The “Trump-Xi friendship” in resolving trade war tit-for-tat measures and threats will be called upon when needed. The prevailing trade war escalation deflects and is working in the U.S. realpolitik lifting of China’s ZTE sanctions – not withstanding whether it was a quid pro quo or anything else.

. . . Asian stocks recent slide turned northwards on news of a late August US-China trade talks. How practical it is to be liked by some can see China’s Sinopec offering to take up the surge in shale oil production unlike in May when constraints were imminent. In spite of China’s threat of an anti-dumping probe into U.S. sorghum imports the buying for animal feed has not dampened and even corn imports from the U.S. has risen to one of highest levels in the past decade.

Venezuela’s plan to raise crude oil production and Iran turning more to China as the world’s largest importer of crude most certainly will see the Chinese leveraging on its petro-yuan agenda, henceforth sparing all parties the cost of exchanging dollars in the oil trade. The sellers would be able to convert renminbi into gold should they not take up Chinese goods or there be a comparative deterioration in the currency. A reformed world order in global reserve currency could finally take place and freely be convertible to gold.

. . . The increase use of the renminbi in global financial trade would support the yuan vis-a-vis the mighty dollar. Strengthening of the yuan of course will deflect any suspicion of currency manipulation in the matter of ever growing US trade deficit with China.

Malaysia’s Dr Mahathir official visit to China in mid-August is to place his own affinity with China correctly when he clarifies the burden of Chinese-backed projects initiated by the previous government. Chinese loans for the construction of the East Coast Railway Line (ECRL) and the Suria Strategic Energy Resources (SSER) pipeline project are thought to be perverted. Things ought to be sorted out. There is no suspicion that Beijing did not act in good faith. China’s support for Malaysia’s palm oil would help and a bilateral trade payment in ringgit and yuan agreement will upend new Chinese direct investments.

There no longer is a need for a UK’s “special partnership” with the European Union and it’s a positive factor development for a reformed world order. Each nation ought to abide only by its own laws and unique homeland needs. Referencing Bespoke Investing feature #17 (in Addendum F) Theresa May’s vision for Britain after Brexit now has to be a no-deal Brexit. Germany’s Merkel may try to upset the course by saying that a Brexit deal should be flexible. Where was she when Theresa May made her case on 22.9.17 in Florence? Why bend backwards to comply with Euro zone rulings?

UK jobless rate falls to new 43 year-low. The Euro zone June industry output plunges. Macron’s hollow election victory (France’s loss) now can look forward to French ports being excluded from European Commission plans for a new shipping route linking Ireland with the Continent post Brexit.

Poland getting suspended because of political interference in its legal system; the Greeks pointing out a British no-deal Brexit would leave EU finances £10bn-a-year short and add “increased financial and political instability” to the nation are developments on which the UK politicians ought to leverage in convincing all and sundry that a no-deal Brexit is favorable.

Malaysia’s third national car project got China’s investors signaling putting up to US$10 billion over 5 years in a location near Proton City in Perak and tying up with Nissan of Japan. Current 1st national car project Proton’s strategic partner Geely Holding Group with 49.9% stake, will set up a joint venture manufacturing plant in China to stare the lucrative Chinese market in the face with Proton designs on sure bet Geely platforms. Dr Mahathir now believed that Geely will improve the quality of Proton cars.

. . . The light at the end of the tunnel of fighting rogue windmills is brightening in August 2018. The euro zone direction is an on-going restrain on new world order reform but many quixotic leaders have started the mild epithet of fighting rogue windmills and these efforts can be peculiarly startling.

Other excerpts:

. . . Looking for implementation of long-stalled economic reforms and rolling out fresh market openings in a country like China was akin to looking for a pot of gold in a perilous journey where only the bravest dare get enveloped.

North Korea and trade wars rhetoric could be just side issues to new world order headwinds in 2018. The Don would reiterate that countries are at different stages of development and their current circumstances might not make laissez-faire workings of market price mechanism an optimum system. China’s state owned companies are predominant in telecommunications, power generation, oil and heavy industry.

. . . The UK economy after Brexit will prosper. It is hauntingly a services sector nation, not one that over depends on manufacturing exports. Malaysia’s GDP growth of more than 5% is within reach of the United Kingdom. Inflation due to rising crude oil prices hit many countries. The US and UK are not badly affected because of their strong currency. Once out of the euro zone food imports need to be mostly sourced elsewhere. Let the Eurocrats continue to subsidize their farming sector without UK contribution. Even currently the UK exports to the rest of the world have gown by 2.5% per annum versus 1.5% per annum to Europe.

Household consumption of the UK is a high 66% of GDP and job opportunities in the service sectors will be resilient, with tourism and banking enabling the job market to hold. A crash in house prices is unlikely as the UK will continue to see wealthy folks of third world countries drawn to it, thus people in the UK will keep on spending. This augers well for the UK since there is greater resilience to any likelihood of a global downturn due to worsening trade conflicts.

Hope paragraph break image

Latest world developments after the publication date:

The International Monetary Fund’s take on Chinese loans in Africa highlighted that Uganda has taken $3bn of Chinese loans. This comes with huge business for Chinese construction companies. The 51km Entebbe-Kampala Expressway connects the country’s capital to the Entebbe International Airport was built by a Chinese company using a $476m loan from the China Exim Bank. Will the continent choke on debt? Well, none of the African countries has a Dr. Mahathir.

On the U.S. Front, Trump indicated to both Congress and the Canadian Prime Minister that he would go on without Canada and enter into a trade deal with only Mexico. “If we don’t make a fair deal for the U.S. after decades of abuse, Canada will be out”, he wrote on Twitter.

Trump’s impose 25 percent tariffs on $200 billion worth of imports from China would reduce the administration deficit. China exports to the U.S. world remain strong because the U.S. consumers will continue buying the slightly higher priced goods. Trump wins because of the blind side of tariff revenue increase for the administration. This would be on top of savings from halting war games in Korea.

It’s now 9 September 2018. China’s annual export trade surplus reached $31.05 billion in August, up from $28.09 billion in July. Its surplus rise with the United States is close to 15% this year.

htps://www.createspace.com/pub/community/give.review.do?id=1249656