Wednesday 29 August 2018

ON CRYPTOCURRENCIES, A WEAKENING RINGGIT AND RIDICULOUS PROPOSALS IN THE NAME OF PUBLIC HEALTH

This is the cryptocurrency company located The Ascent Paradigm, Kelana Jaya, Petaling Jaya, which Johnson Alexander was co-founder of, though his association with Everus appears to have been scrubbed, even from You Tube, after Ivana Smit plunged to her death off the Johnson's 20th floor balcony on 7 December 2017.


That video of that oh so grand launch gambit is dated 30 October 2017, less than a year ago.

The Everus (EVR) is worth 1.3 US cents today or about 5.3 sen (Malaysia), after having hit a peak of US$6.03 (the green line) on 30 November 2017. On 19 October 2017, it was worth US$3.03 (green line)


From the looks of it, there 1,901 cryptocurrencies listed CoinMarketCap dot com right now and more are being added daily and the current cryptocurrency fever reminds me of the couple of years in the run up to the dotcom bust in the year 2000.


I expect to see a massive shakeout of cryptocurrencies coming, leaving a handful of the strongest one's standing to grow to dominate the cryptocurrency space, just as Internet giants such as Google, Facebook, Twitter, Instagram and a few others dominate cyberspace today.

Meanwhile, the ringgit has weakened further to RM4.11 to the US dollar as of now.

When the cost of imported inputs priced in US dollars are passed on to us consumers, we can expect prices of goods on the shelves with high amounts of foreign inputs, as well as prices of imported goods to rise.
 
And now Tony Pua has suggested introducing a "soda tax" on canned drinks to discourage people, especially the lower income group from drinking these drinks which are heavily sweetened with sugar.

A much better solution would be to introduce regulations mandating limits on the amount of sugar which each can can contain and also limit the amount of sugar in those 3-in-1 or 2-in-1 instant coffee mixtures.

However, none of our "gee whiz" government ministers, MPs and politicians appear to have not thought about that.

Perhaps government regulation is anathema to their neo-liberal ideology. Either that or they lack the brains.

Meanwhile, Alex and his wife Luna are believed to have left Malaysia and they did not attend the inquest into Ivana's death.

"KUALA LUMPUR: The lawyer holding a watching brief for the couple who hosted Dutch model Ivana Smit in their condominium unit prior to her death last year was told to leave the inquest today after his clients failed to show up."


If they cannot find Jho Lo, will they be able to find Alexander and Luna?

Yours trully

POLITISCHEISS

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