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I am a Practitioner of 'The 7e Way of Leaders' where a Leader will Envision, Enable (ASK for TOP D), Empower, Execute, Energize, and Evolve grounded on ETHICS!

Wednesday, December 23, 2015

Daily Lessons from Life 23 December 2015 - One Last Hurrah for Mr Lee and FED hijacked by 'Bankers'!

1. "Most Singaporeans support decision to demolish the late Mr Lee Kuan Yew’s house: Poll - TODAY 23 Dec 2015

TODAY reports: A survey of 1,000 Singaporeans found that 77 per cent of respondents support the intentions of the late founding Prime Minister Lee Kuan Yew’s children earlier this month to eventually demolish his house at 38 Oxley Road."

2015 is coming to an end and this year IS definitely marked by the demise of Mr Lee Kuan Yew, Singapore founding PM/Ex-SM and MM, in March. A rare giant of modern history has left indelible mark on this tiny nation of improbability from an reluctant birth to a materially 1st world nation status in 1 generation! Remarkable achievement for sure.

Respect for his wishes MUST be observed and made a reality. This will provide PROPER CLOSURE to his passing in 2015.

The nation must move forward with the 4th generation of political leaders and the young citizens who are a minority supporting a grey and ageing majority in the next 30-50 years.

2. "Candidate Sanders says US Fed 'hijacked' by bankers - Reuters 23 Dec 2015

Democratic presidential candidate Bernie Sanders lambasted the Federal Reserve on Wednesday as an institution that has been "hijacked by the very bankers it regulates" and called for banning bank executives from regional Fed governing boards.

The populist Sanders last week criticized the Fed's decision to raise interest rates and acknowledged proudly in a Saturday night debate that Wall Street won't like him in the White House.

"Wall Street is still out of control," Sanders wrote in a New York Times opinion piece.

Seven years after large U.S. banks were bailed out by the Treasury Department because they were too big to fail, the banks have become even bigger, leaving taxpayers at risk of another bailout, he said.

"To rein in Wall Street, we should begin by reforming the Federal Reserve," Sanders wrote.

"Unfortunately, an institution that was created to serve all Americans has been hijacked by the very bankers it regulates."

The chief executives of the largest banks in America serve on Federal Reserve boards, he said, likening that to the chief of Exxon Mobile running the Environmental Protection Agency.

He said banking executives should be barred from serving on the boards of the Fed's regional banks and board members should be nominated by the president and chosen by the Senate.

Sanders blamed the Fed's decision last week to raise interest rates on pressure from bankers and said that, as a rule, the Fed should not hike rates until unemployment is lower than 4 percent.

Sanders' relentless focus on the ills of Wall Street has kept pressure on Democratic front-runner Hillary Clinton, who has had friendlier relations with corporate America and received significant campaign donations from big banks - second only to Republican presidential contender Jeb Bush.

During the last Democratic debate, a moderator cited a 2007 Fortune magazine cover titled "Business Loves Hillary" and asked whether corporate America should love her in 2016. "Everybody should," Clinton quipped.

In the opinion piece, Sanders called for "full and unredacted" transcripts of Federal Open Market Committee meetings to be released within six months instead of the current five years.

He also said the Government Accountability Office should conduct a "full and independent audit" of the Fed.

"The sad reality is that the Federal Reserve doesn’t regulate Wall Street; Wall Street regulates the Fed," Sanders wrote."

GOOD on him to POINT this PINK ELEPHANT in the room OUT!

Will he STAND ANY CHANCE of reforming and releasing FED from the CLAWS of the Bankers that it is supposedly to 'regulate'? Not a lot of chance. But kudos to him for raising this issue.

Has the 'holes' created from the unprecedented 'quantitative easing I, II and III (or QEI, QEII and QEIII) being filled up? If not, how are they going to be 'filled up'? Who are paying for these and who are MAKING money from these?

Maybe someone BRIGHT and INTELLIGENT can let the American people know. They have the right as they, or more likely, their future generation will be paying for these QEs.

Let's wait and see. Be enlightened or be disappointed?

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