Wednesday, September 17, 2008

The Zhouyi is dead right again

At the beginning of the Chinese calendar year 2007, the Yi indicated that ‘someone will steal my cow' that year. My awareness tied up with the Yi chart and an unintentional confirmation from a Quanzhen heavenly immortal indicated that the cow would be stolen on August 17, 2007 – the biggest fall in Asian stock markets in a state of panic. As blogged that year, the culprit who stole my cow was Bear Stearns, the fifth largest investment bank in the US which no longer exists, today.

In my annual hexagram for 2008, the Yi indicated that ‘Heaven and Earth will close’ sometime this year. Again tying up with the Yi chart, I had told my wife and kids, my Quanzhen friend in May and subsequently that there will be big plunges in the stock markets on September 15, 2008.

Over the past few months, I have provided several hints in the blog if regular readers have taken notice.

In case, readers do not know what had happened, the following events occurred on Friday, September 12, 2008:

"A prominent blogger who writes on political issues was arrested that afternoon under a ‘draconian’ law known as the Internal Security Act enacted in the 1960s to arrest communist insurgents and detain them indefinitely without trial.

Later that night, a woman reporter of a Chinese news publication was arrested under the same Act for correctly quoting a prominent member of the ruling party who had lashed out at the Malaysian Chinese for supporting the opposition party in the elections.

The two reporters who subsequently confirmed her quote went into hiding when they heard about her arrest.

Just before midnight, an opposition female Member of Parliament was also arrested under the ISA, probably driving much fear into many bloggers and opposition MPs.
(Remember my hint about power politics?)

After a ruckus and protests over the arrests by opposition and ruling party MPs including six ministers, the government decided to release the female reporter, the following day. She has been detained for the shortest period on record under the Act – 18 hours.

The blogger and the opposition MP are still detained indefinitely.

The assumed Law Minister resigned in protest of the arrests under the ISA and hailed by the public as a man of principle and honour."

(Those interested can visit the archives of online news publications – TheStar. com.my or others - for full details.)

"Over in the US, the US treasury and other government officials were meeting with CEOs of various banks, American International Group, and interested parties. They met to try resolving the issues of fast failing financial institutions.

The meeting stretched over the weekend and ended on Sunday, September 14, 2008. The interested buyers pulled out, the US treasury refused to bail out the investment bank, Lehman Brothers, and let it go to the dogs –oops – into liquidation.

Meanwhile Bank of America took over a larger investment bank, Merrill Lynch.

The US treasury also refused to bail out AIG, the largest insurance group in the world by market capitalization.

A couple of days later, the US Federal Reserve bailed out AIG. The rest as the saying goes is history."

By including these storylines, hopefully, Yi aficionados can learn what happens, when Heaven and Earth close.

Soon, I may ask something of Yi fellows and Tao cultivators to test your in-depth knowledge on Tao and the Zhouyi. Therefore prepare yourselves, if interested.

Meanwhile the global stock and capital markets roiled in turmoil on September 15, 2008, a financial tsunami of sorts, and continuing.

Doomsayers of guru status with ‘brilliant’ hindsight emerged from closets to cast more gloomy news far into the horizon. And asked investors to hold cash!

The investors may not have any money left, if they have fully invested in those previously AAA rated 'very safe and strong' financial or other institutions that had failed.



P.S.

I realize that none of the prominent personalities in charge this year and last either in the US or in Malaysia has the charm to change fate or destiny. Otherwise they could defer the dates, by a day or two – like the Barings fall and rescue by the Bank of England governor - or like former US President Bill Clinton, even avoid an omen altogether?

2 comments:

Cândida Neves said...

Hi there, from times to times i check your blog, not in the financial area or else i think i'll checked it everyday ;). And you really have really accurate insights. So i'm curious to know what does the Yi tells about any recovery soon or bigger crashes in the financial area and the it's effects worlwide.

Jesed said...

Hi Allan

To read your blog is a great learning experience.
Best wishes, while the 9 in the top is reached.

Jesed