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Sunday, September 4, 2016

Australia declares that PCA has no jurisdiction!

http://www.thestar.com.my/news/regional/2016/08/30/e-timor-urges-court-to-end-sea-border-row-with-australia/

Australia has declared PCA has no jurisdiction for its own case with East Timor but it wants China to respect and adhere to PCA's ruling on South China Sea. This is what happens when we allow a private organisation like PCA to rule on international matters. This will subject international laws to be interpreted differently. We must uphold a common set of interpretations for international laws.

Saturday, September 3, 2016

Obama's daft comments on China!

Obama has disgraced and deceived himself and the world with such a blatant daft speech.
What's wrong with the speech?
Who is the one flexing muscles in south china sea with 2 aircraft carriers and several destroyers? USA!
Yes, China is signatory to the UN convention on the law of the sea but USA is not. Why is USA using a law which itself doesn't recognise?
UN convention on the law of the sea must not be subjected to different interpretations by different parties. There is only 1 international court and it is ICJ. PCA is just a private organisation without legal authority to rule on international matters. If you look at PCA's website, you cannot find anything on it to substantiate its legality as a court as to who and what empower PCA to be an international court. Furthermore, it states clearly on its website that it is not a court in traditional sense but a framework.
PCA is a private organisation that doesn't recognise historical claim but ICJ which is backed by UN recognises historical claim as it is a backbone of all sovereignties. Without historical claims, many nations wouldn't exist today including USA.
Terra Nullius was a historical claim used by SG in Pedra Branca case against Malaysia in ICJ and ICJ awarded Pedra Branca based on that. Please refer to https://en.wikipedia.org/wiki/Pedra_Branca_dispute for more information.
If the world accepts PCA's ruling, it is empowering a private organisation to rule on international matters and also subjecting international laws to different interpretations. Where will UN and ICJ stand if a private organisation can rule on international matters?
The world must uphold the integrity of international laws and there must be a common interpretation but not different interpretations. Therefore, we cannot allow a private organisation to rule on international matters.

Baltic dry index - 720

Today, Friday, September 02 2016, the Baltic Dry Index climbed by 8 points, reaching 720 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 497

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 497.
A year ago, 864 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.
Houston oilfield services company Baker Hughes Inc. said Friday that 407 rigs sought oil and 88 explored for natural gas this week. Two were listed as miscellaneous.
Among major oil- and gas-producing states, Oklahoma, Wyoming and Texas gained four rigs each, Pennsylvania was up two, while North Dakota and West Virginia increased by one apiece.
Louisiana declined by seven and Colorado was down one.
Alaska, Arkansas, California, Kansas, New Mexico, Ohio and Utah were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Monday, August 29, 2016

Singapore stock calls for 29 August 2016.


Why is the world willing to move on after Nazi but not Japanese occupation?

The reason is simple. The Germans apologized with utmost sincerity for the atrocities committed by the Nazis. When you visit any museum that displays Nazi's history and crimes, you can see a true account of the past. The Germans do not whitewash their acrimonious past.
For Japan, the Japanese tried to whitewash their unglamorous past starting with their school textbooks and also protested against the Unesco Nanjing Massacre listing. Why? This makes it hard for Japan to deny the Nanjing Massacre when it is listed under the Unesco.
Not only does Japan government whitewash its history, it also worships the war criminals in the yasukuni shrine. This is akin to extolling their ruthless actions during WW2 especially when the government officials visit the shrine on an annual basis.
The world will never forgive Japan and move on because of insincere apology. The world cannot reconcile Japan's insincere verbal apology with regular yasukuni shrine visits and history whitewashes.

Saturday, August 27, 2016

Baltic dry index - 720

Today, Friday, August 26 2016, the Baltic Dry Index climbed by 2 points, reaching 720 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 489

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by two this week to 489.
A year ago, 877 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.
Houston oilfield services company Baker Hughes Inc. said Friday that 406 rigs sought oil and 81 explored for natural gas this week. Two were listed as miscellaneous.
Among major oil- and gas-producing states, Pennsylvania gained two rigs and Wyoming was up one.
Colorado, Louisiana, Ohio, Texas and West Virginia each declined by one.
Alaska, Arkansas, California, Kansas, New Mexico, North Dakota, Oklahoma and Utah were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

No need for USD anymore!

https://sg.finance.yahoo.com/news/iran-south-korea-begin-trade-124043465.html


USA has lost its power of influence in Middle East.

https://sg.news.yahoo.com/kerry-lavrov-meet-geneva-discuss-syria-ukraine-082549047--politics.html

USA couldn't decide unilaterally in Middle East anymore without involving Russia compared to the past.  No more hegemonic status!

Friday, August 26, 2016

TPP won't be approved this year.

http://www.channelnewsasia.com/news/world/tpp-deal-won-t-get-senate/3075360.html

TPP won't be approved this year and the new incumbent president also won't approve it either.  Both presidential candidates stated very clearly in their propagandas that they won't approve TPP because TPP was detrimental to USA economy.

Any changes to TPP will have to be re-negotiated with Asia countries and this is very time-consuming.  Therefore, TPP has virtually no success rate in the future.

Singapore stock calls for 26 August 2016


Singapore's economy will falter soon!

https://www.youtube.com/watch?v=-ia7RWlxDPc

As Singapore gets more and more supportive of USA's stance on South China Sea, China will block and tackle SG.  The Krai canal construction seems to have started insidiously as reported by China's news media.  This has been China's strategic move to counter USA's power in Straits of Malacca.