Wednesday, 23 July 2014

One

The bottom of one's heart, could not been seen from outside. They can only see what we choose to let them see. From smile they see happiness, from tears they see sadness, from the shape of one's face, others see oneself.

There could never be a worse tragedy. Not something at this grand scale. When one truly see and feel, one attains something different from oneself.

Every man and woman is different. Every boy and girl is different from one another. For one man, one thing suits him. For another, another thing suits him. There was never any conventionality about anything.

Humanity strive on an orderly system of everything from the bottom to the top. There are cultural, religious or just purely bullshit consensus of one should act given a situation.

Whilst there is a definite need for specific codes, but they must have strong reasonings behind them.

When one willfully does something, one does with one's wholeheartedly desire to act. One does not do anything for the purpose of nothing.

One chooses, and one does. One loves, and one chooses to love. There is no compulsion in anything, but remember true love survives anything.

Times could be hard, challenging indeed. At all times one has never wavered. One has one and only motive. None others than to love you.

Thursday, 17 July 2014

Dream

Do you know what a lucid dream is?

And do you know how dream is supposed to be merely our subconscious connecting the dots, and giving us the answer?

We only dream of what we already know, or what we want to believe.

Tuesday, 15 July 2014

View

I think I have reached a certain stage where I realise that complaining and hoping are really useless. There are things out there that we want to change,  we want to believe in a better world, we want this and that to happen. But the thing is, talking, complaining, and even hoping would not do anything. 

We express our feeling about injustice in the world, killings of innocent civilians, thefts, rapes. But what really can we do from our position as an insignificant human amongst billions others?

The world is unfair, we have to play by its rules, by hook or crook, to achieve our ideals. 

Monday, 7 July 2014

How

So that's how we live our lives. No matter how deep and fatal the loss, no matter how important the thing that's stolen from us - that's snatched right out of our hands - even if we are left completely changed people with only the outer layer of skin from before, we continue to play out our lives this way, in silence. We draw ever nearer to our allotted span of time, bidding it farewell as it trails off behind. Repeating, often adroitly, the endless deeds of the everyday. Leaving behind a feeling of immeasurable emptiness.
Sputnik Sweetheart- Haruki Murakami

Sunday, 29 June 2014

Dream

Dream is a fascinating thing. I don't believe in illusions, dreams or hopes. Nevertheless, it's still nice to live in a fairy tale, once in a while, that is.

Saturday, 28 June 2014

Happiness

As with many other things in life, happiness is a feeling, a certain something that we all yearn to have.

All too often, we aim for the stars, only to find ourselves stranded on the moon. We know we can't reach that far, but we refuse to believe in what we know, and fall for what we feel.

To be rational, is to believe what is logical, realistic and sensible.

To be otherwise is futile, pointless and a waste of time.

Sunday, 15 June 2014

People

People are blind to the things they can't see. They believe in what they feel, but they are deaf to what others have to say in silence.

In whatever that you do, they'll be those who won't understand, will break you apart, and bring you down.

They say things to you, bad bad things.

Only if they know.

Only if.

Alhamdulillah, may Allah bless you always.

Father

Dear father, I don't know why since I small till now, you have been distant like a stranger. I can't remember if there was ever once you picked me up in your arms, and hold me dear to your heart.

You are a quiet man, and you are unlike any other fathers. For 25 years, I still don't know who you are really. Others have loving fathers who care about their wellbeing, and I don't even know if you do really care or not.

It's not only me, but also all my other siblings. Deep inside, I often tell myself it's not that you want to be like that. Your own dad passed away when you were nine.

And you have stopped going to school and started working to feed your mum and two brothers. It must've been really a big shock to you, that you turn out to be this way.

I may not hug you dad, I may not know you, and we might still be like strangers to each other.

I'm your son, and you are my father. And for that, I love you.

Happy father's day, dad.

Tear up public debt?

Referring to this article The French are right: tear up public debt – most of it is illegitimate anyway
“Debt, rather than popular will, is the governing principle of our societies, through the devastating austerity policies implemented in the name of debt reduction.” 

Austerity measures were widely implemented in Europe as one of the measures to reduce high debt to GDP ratios of many European economies. There are basically two ways of reducing the debt to GDP ratio, either via reducing the nominator (debt) or increasing the denominator (GDP). 

Economists are at loggerheads whether highly indebted countries should pursue growth-friendly policies (which will increase GDP) or austerity measures (which will directly reduce government spending, and thus cutting fiscal deficit). 

Many are against austerity measures, as cutting government spending has entailed massive layoffs for public servants and welfare benefit cuts. Little wonder that unemployment rate in Eurozone remained close to its all-time-high of 12% since late 2012 until now. 

Countries like Spain and Greece were even worst hit, as their joblessness rates now hover around 25%. In my opinion, the painful economic recession in Europe was mainly caused by the uncompromising push to cut government spending. Was it because of high debt? Nope, not necessarily. 

Japan has the highest debt to GDP ratio of more than 200% yet its unemployment rate remains very low at about 3%. 
“French public spending has in fact decreased by two GDP points. What, then, explains the rise in public debt? First, a fall in the tax revenues of the state. Massive tax reductions for the wealthy and big corporations have been carried out since 1980” 
From 1978 to 2012, France real GDP had increased from $500.1 billion to $2612 billion. If public spending had decreased by two GDP points, what does it mean? I don’t have the data for government expenditure but say in 1978, public spending was 50% of GDP and in 2012 it was 48% of GDP. 

Despite a decrease by two percentage points, in absolute terms the government spending had in fact increased from $250.05 billion to $1253.76 billion. According to OECD in 1978, France's tax revenue was 37.3% of GDP while in 2012, it was 45.3% to GDP. Declining tax for the wealthy and big corporations? Rubbish! 

While corporate tax rate had declined from around 42% in 1998 to 33% in 2012, firms have been paying higher taxes in absolute amount to the government. I don’t know where the author got his number for declining France’s tax revenues. 
“The second factor is the increase in interest rates, especially in the 1990s. This increase favoured creditors and speculators, to the detriment of debtors. Instead of borrowing on financial markets at prohibitive interest rates, had the state financed itself by appealing to household savings and banks, and borrowed at historically normal rates, the public debt would be inferior to current levels by 29 GDP points.”
Had the state financed itself from households savings and banks? Good Lord, the writer really needs to learn the economics behind government finances. Government and private sector are two totally different economic animals! Individuals may raise money from bank loans, while companies gather funds from issuing stocks, selling bonds or borrowing from banks.

The government on the other hand CANNOT borrow money from banks/individuals nor issuing stocks. The source of government finance may only come from its tax revenue, or its dividend giving companies (eg Petronas). If a government's expenditure exceeds its revenue, there is only ONE way for it to finance it, ie via issuing government bonds.
A stunning finding of the report is that no one actually knows who holds the French debt.
Dear Mr Keucheyan, do you really think anybody would buy something to the tune of trillion dollars without a legal proof that they own it?
An illegitimate debt is one that grew in the service of private interests, and not the wellbeing of the people. Therefore the French people have a right to demand a moratorium on the payment of the debt, and the cancellation of at least part of it. There is precedent for this: in 2008 Ecuador declared 70% of its debt illegitimate.
A borrower's reputation and credit worthiness is paramount in the eyes of creditors. A country can always decide to default on some or all of its debts, but at least in the short term (few years) it will find it very hard to borrow in international bond markets. Besides, government debt is deemed as the safest security issued in the currency. Eg, U.S. government securities are deemed the safest securities denominated in U.S. dollar.

Government bond is the benchmark security in its currency and it will fetch the lowest interest rate as a government cannot default (most of the time). The interest rate for government bond will be a benchmark interest rate for all other bonds issued in the same currency. A healthy government bond market is a pre-condition for a well-run private bond market.

Should investors doubt the government's ability to service its debts, government's bond yields may rise through the roof, entailing significant difficulties to service it. Even Ecuador, who had defaulted in 2008 recently said that it wants reissue bonds in foreign currencies.
The crucial point is to demonstrate, as the French audit did, that debt is a political construction, that it doesn't just happen to societies when they supposedly live above their means. This is what justifies calling it illegitimate, and may lead to cancellation procedures. Audits on private debts are also possible, as the Chilean artist Francisco Tapia has recently shown by auditing student loans in an imaginative way.
Do it all you want, nobody is stopping you.
The banks themselves should be put under the supervision of citizens' committees, hence rendering the audit on the debt permanent. In short, debt should be democratised. This, of course, is the harder part, where elements of socialism are introduced at the very core of the system. Yet, to counter the tyranny of debt on every aspect of our lives, there is no alternative. 
Supervision of citizen's committees? Hahaha. Do you know why most of good central banks are independently run? Central bank has to commit itself towards providing a low inflation environment (around 2-3%) and smoothing the peak and the trough of economic cycle.

Monday, 9 June 2014

Mura

I am always amazed at how Murakami can weave letters into ordinary words, and yet arrange them into beautiful sentences that convey extraordinary metaphors. Every time I read his work, I feel as if he is talking to me, telling me stories which make me think. 

Murakami is really amazing.