Rogue Windmills prelude book preview 3
. . . Interesting times we live in
A tapestry of world developments intertwining with the Don Q novel narratives connected with fighting rogue windmills could be the platform to introduce scriptural leanings for uprightness. The yet to be published manuscript “21 Century Don Quixote” is partly finalized with Chapter 1 discourse on certain after August 2017 world events, including China’s 19th Communist Party Congress and President Xi’s push for reforms.
For all intents and purposes, the book foreword’s sign off date 1 September 2017 holds and the post script addendum E rounds up the Don Q’s story line narratives. Chapter 1 passages on Brexit, the March 2018 Italy elections, the China factor in world order reform and some other world developments still need closure which will be appended later in the same addendum.
Related snippets in Chapter 1:
a) President Xi’s support of a “golden era” of relations between the two countries complemented Mrs Theresa May”s outward looking stance in leaving the European Union. This development was one startling ‘rogue windmill attack’ on old world order in the mold of the 21 Century Don Quixote quests and certainly rounded up the peculiarly rogue windmill epithet. . . . Don Q kindly and truly related to the “no quitter” Theresa May leadership and her vision of UK’s post-Brexit landscape.
b) On the euro zone front . . . These developments per Don Q were euro-hostile and truly underscored how practical it was to be liked by some.
c) The Don saw Spain’s Catalonia referendum as unnecessary because there was no merit to cause disruptions and agitate unlawful actions.
d) The boundaries of sovereignty needed to be determined and Trump’s contention of best interests of the U.S. was based on the nation’s Jerusalem Embassy Act of 1995. Why adopt the law and not implement the homeland need?
e) Don Q’s assessment was that President Xi had in the last week of March 2018 positioned the China factor in any negotiations between North Korea and U.S.
The plan to enter the completed manuscript in a Kindle Direct Publishing contest circa July 2018 is intact, and the eBook title will be “Rogue Windmills”.
The draft copy of 21 Century Don Quixote pre-launch book preview 4 will not published because like the The 21 Century Don Quixote account #7: Bliss of submission Part B (appended in Addendum D) was retracted from the Hope Tribute Malaysia blog due to sensitivity circa October 2017 of any expressed religious opinions in Malaysia.
It is appropriate that readers become conversant with the discourse before Chapter 5 and the post script Addendum D. Segment One of the Addendum D conjures the premise that Chapter 2 of the Quran emphasized that God’s words were twisted and those who preferred to follow their priests and such were heading toward the darkness in this life and the hereafter. Segment Two of the addendum kicks off by clarifying that 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.
A report by Andrew Higgins circa 15 Nov 2008 (https://www.wsj.com/articles/SB122669909279629451) described Germany’s first professor of Islamic theology Prof. Kalisch being struck by the fact that the first coins bearing Prophet Muhammad’s name did not appear until the late 7th century – six decades after the religion did.
The internet in 2018 enabled social media websites to be an easy venue for distributing fake news. Bogus stories could be quickly posted from a mobile smartphone. It was not so much of misinformation which might be inaccurate but sensationalized reports to gain attention, mislead and deceive were contemporary concerns. In context of the way of God in pursuit of an abundant life, twists and turns in the grand scheme of things must have some redemptive stances otherwise our state of happiness remains status quo. 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; living a life of abundance while recognizing the distinction between the truth and falsehood. . . Here’s the closure discourse on fake news. . . !!!
It is pertinent to note that updates on Bespoke gold investing which also focus on upshot world order reform kicking in come 2018 and comments on Bitcoin are placed in Addendum E because these specific passages are not everyone’s cup of tea.
Selected snippets in Addendum E:
a) Big time day-traders could wallow in a weekly 20% price range as Bitcoin fell below $8500 at one point on 9 March. It smacked off as an interesting time in the Bitcoin pipe dream revolution.
b) What were the current events and consequences on stocks and gold from the trade wars rhetoric? . . . In the United States, what could cats do if their master was crazy? . . . On David P. Goldman’s opinion piece, the Don would not miss out that Trump’s political virtuosity was cloaked in his mastery of getting results though loud practical means.
. . . Would U.S. Fed Chairman Jerome Powell push the economy into recession with aggressive rate hikes which would pare fiscal moves of tax cuts and infrastructure spending? . . . Larry Kudlow, the new head of the White House’s National Economic Council . . .
. . . Only then would world gold price breach the USD1350 per ounce level and beyond and the workings of the Shanghai and Hong Kong foreign exchange markets would make precious gold glitter.
c) The Don would think that China’s stance that it was impossible to negotiate under prevailing circumstances was veiled in between its petro-yuan thrust and overall shake down of global world order. After all $50 billion in tariffs was not that weighty in a $75 trillion global economy.
. . . China being the largest gold producer in the world had already heaped up on gold while the manipulated low price persisted. Its petro-yuan thrust would raise gold prices and value of the yuan on the Shanghai and Hong Kong foreign exchange markets. Inflation related to its middle class penchant for foreign produce would be reined in and increased world gold prices would benefit its gold industry and present undisclosed true gold holdings. A higher valued yuan would in fact be of greater significance than the US’s threat to slap tariffs on an additional $100 billion in Chinese goods.
North Korea and trade wars rhetoric could be just side issues to new world order headwinds in 2018. Don Q’s opinion was that 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.
d) On the euro zone front, Hungary’s ruling Fidesz party signaled on 9 April 2018 that it could push on with legislation to crack down on organizations promoting migrant rights as soon as parliament reconvenes after Prime Minister Viktor Orban’s sweeping election victory. That was on the heels of Italian President Sergio Mattarella facing an uphill task trying to put together a new government. These developments were euro-hostile and truly underscored how practical it was to be liked by some.
The 21 Don Quixote pre-launch book preview 1 and 2 continues with Rogue Windmills Prelude Book Preview #3 published in the blog Hope Tribute Malaysia in May 2018.
a) Circa mid-May 2018 Italy’s coalition parties in the new government, the League and Five Star surmised that there were “unacceptable interference from the EU” and “continuous attacks… from Eurocrats”. Don Q would think Italy could join the UK brexit. Measures agreed between the League and Five Star would speed up the expulsion of illegal immigrants and include a citizen’s income for the poor. The League wanted to ditch the euro as Italy’s currency and both parties had blamed Brussels for economic pain caused by austerity policies and for not doing enough to help with the migrant crisis in the Mediterranean. The parties would also consider pragmatic printing a new, special-purpose currency to pay off state debts to firms. Their policies would strain Italy’s public finances and lead to conflict with the EU. The lame European Commission would not be able to bully the recalcitrant Italians.
b) “How practical it is to be liked by some” became the recalcitrant Don Q’s catchphrase which alluded primarily to “Trump-Xi friendship” in resolving trade war tit-for-tat measures and threats. The US-Britain-France air strikes in Syria was practical collusion and was liked by some, not everyone. In his state visit to the United States, Macron tempered the 2015 Iran nuclear deal with an inkling for a bigger and better one. It was a practical means to jostle Trump wanting the European powers to strengthen its terms to accommodate a dialogue but also Macron’s spur of the moment framework was to preserve Trump’s dotting on the French President too.
There was no Trump tweets when France and Germany led the Euro zone to salvage the Iran nuclear deal but it was a win for the United States because it could insidiously start to commit less resources to NATO, forcing Germany to directly spent more of its GDP on defense.
President Trump had also changed Rand Paul’s opposition to Mike Pompeo’s nomination as secretary of state and it appeared personal and political reaction tweets somehow worked in realpolitik and moving forward actions with regards to rogue windmills could be nudged by quixotic antics. It was left to be seen if the ZTE episode was a bargaining chip in US-China trade negotiations in view of China’s already five years of talking on opening up to foreign participation in its guarded economy. China’s stage of development and present circumstances of course had changed and it’s own foreign investment forays were now relentless.
c) Who could imagined Saudi Arabia’s crown prince Mohammed bin Salman saying in April 2018 Israelis are entitled to live peacefully on their own land. How practical it is to be liked by some, not all.
d) Chapter 5 snippets of Malaysia premier’s tilting to vast Chinese investments in the country culminated in ruling coalition party, Barisan National (BN) led by the United Malays National Organization (known as U.M.N.O.) being voted out in the 2018 general election.
The once six-decade-long monopoly paved the way for the country’s first transition of power since independence in 1957. The defeated Najib Razak’s brother, Nazir Razak – a chairman of a leading bank said, “Malaysians have voted loudly and clearly for a change in government. In hindsight, 1MDB led to many other things. Given the incongruous treatment of the 1MDB issue at home and abroad, of course there’s an effect on Malaysia’s reputation.”
Mahathir Mohamad had stepped out of retirement and defected from BN to lead the opposition. Mahathir became the world’s oldest head of government and Malaysian voters in the capital Kuala Lumpur rejoiced with opposition party flags and a chant of “long live Tun,” referring to his honorary title. The cheers of happiness for the longest-serving fourth Prime Minister and now seventh Premier erupted into applause at his post election press conference. He was sworn in only after 9.30 pm on 10 May 2018 – incidentally commemorating his forthcoming 93 years of age.
The ex-second finance minister, Johari Abdul Ghani was defeated by a new comer candidate and attributed the loss to the “wave of Tun M that was so strong, especially in the cities”. The 1MDB scandal (1 Malaysia Development Berhad was formed as a strategic development company, wholly owned by the Government of Malaysia) now became the historic cry of “1 Mahathir destroys Barisan”. Don Quixote could clearly see Mahathir clearing the way for the criminal prosecution of Najib, who had been embroiled for years in the scandal involving billions of dollars that disappeared from a the government investment fund. The United States Justice Department concluded that $3.5 billion from the fund was laundered through financial institutions in the United States and cited “astonishing greed” of individuals involved in the fraud.
The Don also believed that Mahathir was not opposed to China’s so-called Belt and Road program to build infrastructure projects abroad. More important was that Mahathir could leave behind a softer legacy than his first 22 years as premier and historians need to abide by the fact that any hated dictator would not get elected again. Like a quixotic character he had audacity, humor and also now humanity.
There was the announcement of the goods and services tax (GST) would be zero-rated starting June 1. The newly elected Pakatan Harapan coalition party (PH) would end toll charges nationwide in stages, suspend repayments of government study loans for those earning below MYR4,000 and re-introduce petrol subsidies when necessary. Thusly, petrol stations and the public would no longer face weekly retail prices changes. The PH government’s Council of Eminent Persons would review mega projects in the country and review contracts the government had signed with toll concessionaires. Malaysia’s public debt was significantly mostly domestic in essence and this unheralded strength would pare off any settlement costs consequences. Plugging wastage and leakages in public sector spending would bridge yearly revenue shortfalls and recent higher crude oil prices were a blessing for the PH policies of their election manifesto.
What to watch out, in Don Q’s mind was tolls free express way could end up like the state of United States highways which were in dire straits condition. In Malaysia, the rest areas were also well maintained and could in future be neglected due to they no longer be under the purview of privatized toll operators.
Update of 22 May 2018:
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.
Don Q had referenced the blog Hope Tribute Malaysia’s Bespoke Investing feature #22, published on 25/4/18 with regards to the ZTE episode as a bargaining chip in US-China trade negotiations, and the update of 6/5/18 noted “in the pipeline would be amendments to the ZTE sanctions”. A 1st May 2018 formal request by ZTE to the U.S. Commerce Department for an immediate stay of the April 15 ban went unheeded but after the 17 and 18 May 2018 trade talks led by Chinese Vice Premier Liu in the United States, Reuters on 22 May reported that “Washington and Beijing are nearing a deal that would remove an existing U.S. order banning American companies from supplying Chinese telecommunications equipment maker ZTE Corp.”
The U.S. stock futures had already spiked up on Monday 21 May when the U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China was “on hold”, and the two nations would work on a wider trade agreement. It’s que sera sera despite analysts’ observations of shifting objectives and contradictory demands. Who won what did not matter, the consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China was agreed. The Don would suggest that China imported all surplus shale crude oil production which could cap any further rise in crude prices and benefit the United States’ economy as shale oil producers scaled up their operations and the world not be flattened by a $100 per barrel crude price along with heightened world wide inflation.
Also reported on 21 May was that Giuseppe Conte was chosen as Prime Minister of Italy and opinions re “Euro is a greater threat to The European Union than Brexit is” became the media rage. The Don had written on 18/9/17 in Bespoke Investing feature #17: The EU currency and cross member nation rules just cannot jive with sovereign nation-states’ unique homeland needs, social-economic priorities and fundamental sovereign rights of actual control of movement across state’s borders. Brexit is the right course and will be a positive factor in the development for a new world order.
As at 22 May 2018, the Don reckoned the UK ought to wait for the Eurocrats to look in the mirror thusly to be happy with whatever was being offered by Premier May.
Update of 27 May 2018:
After Trump had canceled the North Korea summit, the Dow dropped 260 points at Malaysian time 11pm and gold was above $1305 while crude oil was $71.08 per barrel. There were opinions with hash tags of “No surprise in North Korean summit cancellation”, “Art of the Deal or no deal”, “Good Riddance to the North Korea Summit” (. . It was a bad idea from the start, and Trump must hold firm to his decision to cancel it).
Reported too was that Late Night host Seth Meyers was not surprised. “Once again, Donald Trump is a teenager who didn’t prepare his oral report and is now stalling for the bell to ring. He had no idea what he was doing.” Cute, but Trump is no amateur in getting the job done. No other US President could come close to his accomplishments in the Korean peninsula, like Secretary of State Mike Pompeo’s winning detente with N. Korea. Jimmy Carter: “If President Trump is successful in getting a peace treaty that’s acceptable to both sides with North Korea, I think he certainly ought to be considered for the Nobel Peace Prize.” and “I think it would be a worthy and a momentous accomplishment that no previous president has been able to realize.” These thought were expressed in a politico Off Message podcast.
Trump was right to cancel the summit in the light of N. Korea shakedown techniques build-up. North Korea’s vice-foreign minister Choe Son-hui laid a strongly worded statement in responding to remarks by Vice-President Mike Pence and national security adviser John Bolton. The President’s great ball of fire maneuver out gunned N. Korea administration with its First Vice Foreign Minister Kim Kye Gwan subsequently saying: “We tell the United States once more that we are open to resolving problems at any time in any way.”
Analysts surely could not ignore the fact the N. Korea had released three US citizens and followed through on the destruction of a nuclear test site. Trump was going to end the North Korean nuclear program, period.
Crude oil prices dipped below $67 per barrel on 25/5/18 on news that Saudi Arabia and Russia would increase output. They were pressured by President Trump, insisting that prices were too high. Who but Trump could manage this development?
The Hope Tribute Malaysia blog had posted its Windmills prelude book preview 3 update on 22/5/18 suggesting that China imported all surplus shale crude oil production to could cap any further rise in crude prices. No doubt the Don’s viewpoint was that it was a win-win measure to also reduce China’s excessive trade imbalance with the US. Very coincidentally, Reuters reported the next day that the Chinese government directed Sinopec to boost U.S. crude oil imports, alas it could not immediately alleviate present high oil prices because of US crude oil production constraints at the moment. So business world governor Trump was again the triumphant one in getting crude price subdued.
In addition, on 25 May, Trump also reckoned the 12 June North Korea summit could take place based on N. Korea’s measured response to his push-pull summit cancellation letter. Gold price dropped from $1307 to $1302.28 per ounce, albeit still in the price range band of $1300 to $1350.
Update of 5 June 2018:
The first week of June 2018 beckoned Giovanni Tria as the new Italian minister for economics and finance and leaving the euro could happen because the “Ifs” would certainly become an enormous hindrance to Italy first policies. The decision by the Italian president to veto Savona was “anti-democratic” and perhaps the Europeans could pick up the Malaysian 2018 model of democracy at work. The King had said he had an obligation to uphold the federal constitution and preserve the special rights of the Malays and Bumiputera, but after two weeks he consented to the government’s pick, Tommy Thomas for the attorney-general post. The Spanish Prime Minister Mariano Rajoy was forced out of office by a no-confidence vote in parliament and in hindsight the Malaysian losing ruling coalition in the 2018 general election should had rid off the then Premier Najib in 2016.
Whether the United States treatment of ZTE was not “a quid pro quo or anything else” the Don reckoned it was sensible since affected U.S. business losses were significant enough. The Trump administration also had the Euro zone in tariff stitches and had withdrew exemptions from the global tariffs on 31/518 which had been given to steel and aluminum imports from the EU, Canada and Mexico. Trade tensions would galvanize China’s internationalization of the renminbi, which was still slow to start moving forward in 2018. The listing of Saudi Arabia’s Aramco, likely to happen only next year will not have any bearing in 2018 new world reform.
The Nigeria government did a splendid deal to swap yuan with their naira in 2016. China needed raw materials from the nation and with the swap deal in place, China would reduce trade deficit. Nigeria would boost its mining industry which in turn would create jobs and reduce pressure on its limited forex. Don Q reckoned that Nigeria stood to gain a lot from it and China having a better part of the deal was better than Nigeria gaining nothing.
Update of 10 June 2018:
The G7 two-day summit in Quebec witnessed Trump brandished his “America First” agenda. He quoted that some of the tariffs were 100% in India and the United States tariffs to Canada were in response to its 270% on dairy. Italy’s new Prime Minister Giuseppe Conte supported the U.S. President’s call for Russia to be included in the once Group of Eight meetings. France and Germany euro zone culprits better watched their old hat money schemes and underhand measures to control Europe.
Don Q would point out the Creed of Abraham passages denoting alarms of a wayward nation: Module 3:137-142 . . those who reject truth – travel through earth and see how the ways of life of many have passed away – and only those who are tested and remained steadfast are blessed; module 17:16-17 . . For those who transgress, see how many generations were destroyed; module 13:13-18 . . the shadows of beings and environment subjection to nature will reassert and bring misery to those who dispute about God’s way for the abundant life. History has turning points, nations must survive by learning in order to avoid crude madness that history has so far counted. Perhaps a United States-Russia-China detente could claw back any insidious formation of a dreaded European blog. The UK, Italy and even a united Korea could join a new world order detente. China and India already were making cautious detente while Japan and the United States were sounding out similar sentiments.
Living in a time of extraordinary promise of breakthroughs in 3D manufacturing, artificial intelligence, medical science and other areas can exponentially raise living standards but a system that ignores unique national social-economic priorities, control of movement across borders and other homeland needs stands squarely in the way of this 21 century promise.
In Malaysia the new finance minister Lim Guan Eng deemed the 92 old premier Dr Mahathir Mohamad to be a man ardent about justice and the rule of law although in the past as political enemies, he had opinionated differently. Some critics had said that Mahathir was senile, and Don Q liked what Lim lectured: “He works and works non-stop so you are expected to work non-stop. If I’m a workaholic, don’t blame me. I’m just following the boss. It’s a high benchmark.” To the Don, it’s a pinnacle work ethic, naturally.
The light at the end of the tunnel of fighting rogue windmills was brightening in mid 2018. The euro zone direction was an on going restrain on new world order reform but many quixotic leaders had started the mild epithet of fighting rogue windmills and these efforts were peculiarly startling.