a sure thing?

Is there such thing as “a sure thing” I watched a movie way back 1985 titled as such. It was about a college kid who worshipped and longed to bed a girl of his dream. Throughout the movie he went on chasing this dream. At the end of it, he had the girl on the palm of his hand only consciously choosing not to bonk her instead. To digress a little, it had this George Benson’s (who?) song that had a line about the singer doing his best but his best was not good enough. A lovesick friend crooned this song his entire six months abroad idolising a girl he chased, only to lose her to another friend (He will cringe if he reads this piece!).

Back to current topic, Malaysia’s move to prop up the share market with an RM5 Billion “loan” from EPF was a stupid move and a futile effort. Opposition leader’s quip that 90% of that fund would swiftly flow out of the country was a sarcastic remark but nevertheless spot on. The fact that the first (economist my ass!) finance minister came up with this answer to the so called impending economic woes due to credit crunch in itself is beyond comprehension. He must have got his priority upside down and topsy-turvy. Not to mention that the British would curse like hell if he is bent on claiming he is a graduate economist from their prestigious university.

Valuecap Sdn Bhd saw the opportunity in the wake of the credit crunch, to kill two birds with one stone. These daylight robbers are getting out of dilemma of paying old loan by borrowing another almost an equal amount under the pretext of saving the nation from stock market loss as a result of capital flight. The old loan was in the first place obtained via issuance of bonds that are not able to be transacted or traded. EPF and other suckers were duped into buying these valueless bonds and continue to hold onto them and watching in vain as the papers transmogrify into junks quicker than the eyes can see.

Is Valuecap trying to redeem old bonds with this new loan? Or are they are using this loan for another (mis)adventure? Whichever way it goes, you and I are made fools in this game of political satire and comics in this social quagmire. Our hard earned monies are being thrown to the wind while these idiots continue to rule the country as they please.

Where are those champions of transparency and good governance and corruptions’ chief whip? He must have been wallowing in his massive collections both in cash and kind.

So the moral of the story in the opening paragraph above is that there is no such thing as a sure thing. But figuratively speaking, one thing for sure, all the money thrown in would go down the drain. The drain flows downstream to a collection point disguised as thrash-trap that hauls in freshly minted notes. One man’s loss is another man’s gain. The general public continues the rat race. It surely is a dog-eats-dog in this rat race. And as the late Freddy Mercury’s put it so accurately, it leaves you bleeding lying flat on your face.

And once again, goodnight Malaysia, wherever you may be and wherever you may wish to go.