ISSN: 1391 - 0531
Sunday October 28, 2007
Vol. 42 - No 22
Financial Times  

Contradictions and jungle games by our guardians

A Young Owl returns after its first semester at campus and relates a joke; “A student facing a ‘failed grade’ in logic goes before his Professor and demands a higher grade. The Professor declines to oblige. The student then challenges the Professor to correctly answer a question on logic and demands an ‘A’ grade, if the teacher fails to answer.

The Professor accepts the challenge. The student asks the Professor to explain a situation which is “Legal but not Logical, Logical but not Legal and neither Legal nor Logical? The Professor fails to answer. With regret he gives the student an ‘A’ grade. The Professor then calls his brightest student and asks him to solve the mystery. The student responds; “The answer is simple and the situation is close to your life -You are 65 years old and married to a 35 year-old lady, which is legal but not logical. Your wife has a 25 year-old lover, which is not legal but logical. You have given an ‘A’ grade to a failed student who is also your wife’s lover, and that is neither legal nor logical.”

The Wise Old Owl responds, “In this jungle we have many real situations that match your joke”-

  • The lions who govern the jungle attack the tigers using heavy guns, air and sea crafts, all acquired at inflated prices and deploy over 100,000 lion troops to win battles and gain territory. The lions then rest on their laurels and use gains for short term political games and not for laying foundations for the long term. This is legal but not logical. Tigers plan a suicide mission and attack a key air base that will strategically support the next major offensive. Only 20 tigers supported by light aircrafts are used but they cause extensive damage to installation and hardware. This is logical but not legal. The key government newspaper headlines that 20 tigers were killed and the Media Centre issues contradictory reports of losses which are contradicted by the premier lion the next day. These misrepresentations are neither legal nor logical.
  • The lions borrow $500 million in the international market with a state guarantee for 5 years at 8.25% p.a. interest (without intermediation fees and expenses) whilst a local commercial bank borrows nearly $50 million for a similar period, at half the premium over LIBOR paid by the state. This is legal but not logical. The lion leaders explain that they have done better than the rates paid by other jungles, without considering the applicable tenor and perceived comparative jungle risks. This misrepresentation is not legal but logical. A lion minister then tries to misrepresent facts comparing the costs of local borrowings disregarding the impact of exchange depreciation and this is neither legal nor logical
  • The governing lion calls a publicly telecast meeting with the media. Media asses question high inflation, exchange rate instability and cost of living, blaming it on non productive government spends, mismanagement and ‘printing currency’. A former super market manager lion now turned defensive economic guru proudly berates his achievements of creating tens of thousands of new home guard jobs with handsome monthly allowances benefiting the rural economy.
    This intervention is legal but not logical. The treasury lion justifies the ‘printing’, as ‘in lieu of foreign worker remittances’, knowing very well the alternate options available to control money supply. This misrepresentation is logical but not legal. The treasury lion takes the audience around the merry go round with all manner of irrelevant responses which hide facts and appropriate economic theory. This is neither legal nor logical.
  • A politico thug skunk patron saint of drug pushing, appeals to the governing lion for help when its own playful skunk uses a firearm on the head of a young man enjoying a drink at a water hole. The governing lion readily obliges and rings the jungle police and retains a friendly defence counsel. This is legal but not logical.

This thug skunk arranges a second police ‘B’ report to be filed deleting any reference to the use of a fire arm by the little skunk and gets a bail order supported by the Angel Guardian of the law (AG), who is well aware of actual facts.

This is not legal but logical. The same thug skunk charged for a cheque fraud is released by court without a penal sentence but with only the payment of costs, upon pleading guilty to a charge that the Angle Guardian of the law amends to assure the process. This is neither legal nor logical.These are only a few of the jungle games. Collective civil society action must now force these nonsensical plays from being performed.

 

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