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Friday, May 28, 2010

1997: Anwar Telah Menolak “Bail-Out”. Anwar Dituduh Sebagai Agen IMF

Anwar Ibrahim, pada 1997, telah menolak semua usaha untuk “Bail Out” kroni-kroni Mahathir dan Daim yang melarat pada masa itu. Sebelum 1997, para kroni seperti Halim Saad, VinSetan, Anandha Krishnan, Tajuddin Romli, Wan Azmi Gendut, Tajuddin Othman dsbnya, hidup dalam kemewahan menikmati kekayaan negara yang diberikan kepada mereka. Sedikit pun rakyat Malaysia tidak merasai nikmat yang dinikmati oleh kroni-kroni ini.

Tapi, bila bisnes mereka terlungkup, maka rakyat Malaysia terpaksa membayar kerugian kroni-kroni ini. Anwar sebagai Menteri Kewangan pada masa itu, telah menentang usaha-usaha menyelamatkan kroni-kroni ini dengan duit rakyat.

Tindakan Anwar ini telah menyebabkan Anwar dilabel sebagai Agen IMF

Ini kerana, sekiranya kita melihat contoh Korea Selatan yang telah mengambil pinjaman IMF, mereka telah membiarkan syarikat-syarikat Korea Selatan bangkrap dan tidak diselamatkan oleh kerajaan(dipanggil chaebol.)

Syarikat seperti Kia Motors dibiarkan bangkrap dan dibeli oleh Hyundai. Samsung Motors dibiarkan ditutup begitu sahaja. Malahan, syarikat pembuat minuman Korea, telah dijual kepada Coca Cola.

Dari 30 lebih “cheabol” yang wujud sebelum 1997, hanya 18 sahaja yang mampu bertahan. Kerajaan Korea Selatan tidak mengambil apa-apa tindakan untuk menyelamatkan syarikat-syarikat yang bangkrap. Tidak seperti Mahafiraun yang menyelamatkan syarikat2 yang rugi dan tidak berdaya maju.

Kerajaan Korea telah membuat reformasi keatas "chaebol"2 ini. Mana yang tidak berdaya maju, telah ditutup selaras dengan kehendak dan syarat2 IMF. Hanya yang berdaya maju sahaja dibiarkan hidup.

Anwar Ibrahim tidak setuju dengan “bail-out” Mahafiraun. Duit rakyat patut digunakan untuk membantu rakyat Malaysia diwaktu kesusahan yang begitu teruk pada masa itu akibat kejatuhan ekonomi 1997.

Tapi Mahafiraun mahu duit rakyat digunakan menyelamatkan kroni-kroni beliau. Rakyat Malaysia boleh pergi jahanam.

Kalau kita lihat syarat IMF pada tahun 1997 kepada mereka yang mendapat bantuan IMF adalah:

“the maintenance of a sound fiscal policy, including through providing for rising budgetary costs of financial sector restructuring, while protecting social spending. Once the severity of the economic downturn in the affected countries became clear, fiscal policy was oriented toward supporting economic activity and expanding the social sector safety net.”


dan..

"structural reforms to remove features of the economy that had become impediments to growth (such as monopolies, trade barriers, and nontransparent corporate practices) and to improve the efficiency of financial intermediation and the future soundness of financial systems; "


Ini bermakna negara yang mendapat bantuan IMF tidak dibenarkan menyelamatkan syarikat-syarikat yang bangkrap dan tidak mampu menyelamatkan diri mereka pada masa berlakunya krisis 1997.

Inilah sebabnya Anwar dituduh sebagai pro IMF.

Tapi, Korea Selatan berjaya membayar balik pinjaman IMF yang mereka buat dengan tidak mengamalkan “bail-out” ala Mahafiraun. Mengikut laporan di bawah:

South Korea on Thursday paid back the remaining $140 million in debt it owed the International Monetary Fund (IMF), part of $6 billion in stand-by loans the country received from the IMF following the Asian financial crisis of late 1997.
The government said repayment of the bailout loans extended by the international lending agency was carried out well ahead of the original debt service timetable set for May 2004, reflecting the country's progress in recovering from the crisis.
The original IMF rescue package for South Korea totaled $19.5 billion, comprising the $6 billion in stand-by loans and $13.5 billion in supplemental reserve facility (SRF) loans.


Jadi, mereka yang kata IMF akan menghancurkan Malaysia nampaknya salah. Kalau Korea Selatan boleh hidup dan menjadi lebih maju dengan bantuan IMF, mengapa tidak Malaysia?

Tapi, demi menyelamatkan kroni2 Mahafiraun, maka terpaksalah kita hidup dalam eknomi yang tersedak seperti sekarang.

Kita sanggup fitnah Anwar Ibrahim semata-mata Anwar tidak mahu menggunakan wang rakyat untuk menyelamatkan kroni2 Mahathir dan Daim yang tidak reti meniaga.

Sekarang ni, minyak Malaysia dah habis dan kesan krisis 1997 masih lagi terasa sampai sekarang. Nasib kitalah rakyat MAlaysia dipimpin UMNO yang mementingkan kroni lebih dari rakyat.

Tulang Besi

54 comments:

tamingsari said...

Sekejap jadi ulamak,sekejap economist,duakejap jurutera,tiga kejap pencacai. Macam2 yg kau boleh menyerupa ye TB.Tapi unsur kutuk dan fitnah mesti ada.

Sokong bail out.

Anonymous said...

thunmps up @ bro tulang besi!!excellent report!! woi taming sari..lu pi cucok hang punya keris kedlm juboq hang lah..baru hang punya hotak boleh jalan!!

Tulang Besi said...

Tamingsari,

Aku OK je nak bail out ke, nak angkat ke.

Janji jangan pakai duit rakyat. PAkai duit bapak Mahafiraun atau pakai duit kau.

Orait tak?

Anonymous said...

United Stetds of bankrupt is doing a mahafiraun act...instead of saving the country's ekonomi,congress is saving wall street,hedge fund firms like Goldman Sachs who were responsbile for cripplin USA n world's economy!!And how they r doing it?By printing counterfet money!!World is awash with trillions of USD counterfeit money..kahkahkahkah..

baginda® said...

salam TB

kes nih sama macam kes di US..

AIG (syarikat insurance terbesar di dunia) hampir bangkrap, tapi sebab di bantu oleh President lama mereka iaitu BUSH.. BUSH menggunakan duit rakyat US untuk membiyai AIG.. Dan apabila AIG mendapat wang itu AIG pulak membahagikan kepada CEO2 mereka sebagai bonus tahun itu..

Yang merana staff kecik AIG di seluruh dunia... AIA Singapura terpaksa tutup, AIA Malaysia hampir tutup, AIG Hong Kong bungkus... serta rakyat US...

Anonymous said...

Assalamualaikum,
Bro, sebenarnya DSAI bukan mencadangkan kita ambik pinjaman IMF seperti fitnah BTN dibawah UMCO.
Kita cuma mengambil pendekatan urus tadbir kaedah IMF.KAlau kita masih ingat kita memang tak ambik pinjaman IMF bahkan kita menawarkan pinjaman kepada Bangkok dan Jakarta.
Apa yang Mahafiraun dan Daim buat ialah "bail out" kroni dia bukan kompani, sebagai contoh membeli balik saham MAS dari Tajudin Ramli dengan harga yang lebih dari harga semasa.
Berbeza dengan US mereka menyelamatkan syarikat, bukan individu yang menerajui syarikat.

Classic rider

Anonymous said...

Langkah langlah KERAjaan sekarng mcm IMF prescription..Negara tak akan bankrupt..yg bankrupt ialah mentally bankrupt para lanun neanderthal elite..

Anonymous said...

The Malaysian Government’s White Paper on the Status of the Malaysian
Economy, issued on 6 April 1999, sums up many factors contributing to the ongoing
economic crisis as well as most policy responses. However, it did so by whitewashing
Mahathir’s and Daim’s roles in worsening the crisis, and instead implied that Anwar
Ibrahim was solely responsible for all domestic policy errors. Conversely, Anwar is not
credited with a second U-turn by attempting to reflate the economy by fiscal means from
May 1998 and for establishing the key institutions for financial restructuring and recovery
such as Danaharta, Danamodal and the Corporate Debt Restructuring Committee
(CDRC). However, the White Paper did show how foreign investments were selectively
encouraged to protect and save interests the regime favoured, including those who had
contributed to causing the crisis. In any case, its tendentious account of recent
developments then still fresh in the minds of most readers not only contradicted some
facts, but was also unlikely to inspire the investor confidence so badly needed to ensure
economic recovery. Subsequent abuses of the debt workout process further undermined
its integrity and the overall credibility of the recovery strategy.
At the time, most observers still remembered that Mahathir’s KLCI ‘designation’
ruling had drastically reduced liquidity in the stock market, precipitating a sharp collapse
in late August 1997 and necessitating its cancellation a week later. Similarly, the UEM
reverse take-over to bail out Renong in mid-November 1997, apparently supported by
Mahathir and Daim, had resulted in a 20 per cent stock market contraction of RM70
billion in three days! Mahathir’s rhetoric about various western conspiracies against
Malaysia and the region further undermined international confidence and the value of the
Malaysian ringgit.
The gravity of the crisis and the difficulties of recovery were clearly exacerbated
by injudicious policy responses, compromised by nepotism and other types of cronyism,
though there is little persuasive evidence that cronyism, in itself, led to or precipitated the
crisis -- as alleged by US Fed chairman Alan Greenspan, then US Deputy Treasury
Secretary Larry Summers and IMF Managing Director Michel Camdessus -- in early
1998. All this transformed the inevitable ‘correction’ of the overvalued ringgit into a
collapse of both the ringgit and the Kuala Lumpur stock market as panic set in, amplified
by ‘herd’ behaviour and ‘contagion’. Government efforts to ‘bail-out’ politically
influential business interests and to otherwise protect or advance such interests – usually
at the expense of the public (the public purse, workers forced savings, taxpayers or
minority shareholders) – exacerbated the crisis by undermining public and foreign
confidence.
http://www.g24.org/ksjomgva.pdf

Grand Marquis said...

Bagus la tu. TB pakar ekonomi. Korang fikir aje la, bila TB bicara bab agama, dia dustakan hadith, cuba menyelewengkan ilmu mustalah hadith, spin usul fiqh, mendefinisikan khawarij ikut kefahaman dia. Korang percayalah kat dia.

Hari ni dia cakap macam ekonomist pulak. Gunakan analogi diatas untuk korang fikir, boleh ka kita nak percayakan TB?

Oklah, kalau korang percaya sangat kat TB, apa kata suruh TB pergi jemput IMF untuk datang semula ke Malaysia dan selamatkan ekonomi Malaysia. Kalau perlu, suruh TB buat tabung.

Nak tanya TB, IMF punya package tu berapa persent interest? Ni riba ke tak riba? Apakah pejuang Islam seperti TB membelakangkan hukum Allah S.W.T. dalam bab riba. Tak tau ke TB, Allah S.W.T. melancarkan peperangan terhadap pengamal riba. Takkan TB suruh kita jadi pengamal riba.

Tulang Besi said...

Saya cabar GM Tak Ori, tunjukkan di mana kaedah IMF yang GM Tak Ori kata bahaya pada Malaysia tu.

IMF sendiri menerangkan kaedah dan cara yang mereka ambil selepas krisis 1997. Sila baca di sini .

saya nampak ramai barua UMNO cukup suka maki Anwar dengan mengatakan Anwar agen IMF.

Tapi, takda sekor pun barua UMNO ni boleh bagitau saya kat mana kaedah IMF ni bahaya untuk MAlaysia?

Dan lagi takda ekor barua UMNO yang boleh jawab mengapa Korea Utara berjaya membayar balik pinjaman IMF yang mereka buat?

Sila komen GM Tak Ori. Jangan hanya pandai maki je. Sila tunjuk kat mana yang IMF salah.

Tulang Besi said...
This comment has been removed by the author.
Tulang Besi said...

Pasal agama pula, sampai hari ni GM tak Ori tak bawak bukti di mana saya dusta ilmu hadeeth.

Sendiri jahil tapi ada hati panggil orang lain berdusta. Sedihnya tengok si GM tak ori. Sanggup jual agama untuk pertahan parti dia.


Hanya tuduhan rambang semata-mata. Maklumlah, benda haram dah jadi halal sebab dia madhab UMNO Ala Khawarij

Tunjuk jugak kaedah feqah mana saya dustakan?

Tunjuk jugak salinan lesen judi yang Vinsetan dapat tu. Saya nak tengok ada tak tulis Judi Bola ni haram untuk orang Islam.

Jalan Pulang said...

Bail-Out sememangnya keji pada segi moral dan akauntibiliti. Mengapa mahafiraun selamatkan co kroni adalah kerana dia juga ada kepentingan terhadap semua aset yg berada di bwh co tersebut.

Jadi tidak hairanlah semuanya menggunakan duit rakyat sebab dia anggap rakyat boleh diperbodohkan. tetapi anwar memang cekap menghidu pekung yg cuba ditutup. lalu jadilah apa yang kita nampak sebagai konspirasi peringkat tertinggi menjatuhkan anwar dengan tuduhan liwat!

pecacai umno-APCO sure tak tau punya. yelah sbb selalu diperbodohkan smpi skrg!

TB, teruskan usaha anda yg sgt cintakan negara. jgn dilayan pecacai yg hnya tau projek, projek, projek..

paloibinmulau said...

TAMING SARI,

hahahah kau memang melayu mentaliti kelas dunia. baik kau buka buku sejarah islam. cuba belajar adakah ahli sains islam zaman bani umaiyah hanya ahli sains semata2? atau ahli agama hanya pandai bidang agama saja?

saya ada kawan yg bila balik dr US tak lama dulu terus menghantar anak2 ke masuk sekolah tahfiz. semasa di malaysia lagi anaknya belakar di sokolah swasta bukan sekolah kebangsaan. ramai kawan2 dia berkata dia menganiaya anaknya dgn memasukkan ke sekolah tahfiz.

tapi dia bagu tahu saya dia berbuat begitu kerana mahu ilmu al quran sentiasa dlm hati anak2nya. selepas habis tahfiz terpulang pada anak2nya mahu jadi doktor, engineer, arkitek atau ustaz. kalau anak2 saya jadi doktor saya mahu dia berpaksikan al quran. itulah kata2 dia yg membuka pintu hati saya.

Anonymous said...

Ai ya, ini tamingsari tunjuk keris yang kalat, lagi ini apa nama Tak Ori, semuanya tukang pusing pusing dan pusing saja.

Wa tak paham apa pasat lu orang Melayu buat jahat jahat. Mesti UMNO punya olang. UMNO tak tak baik la, gua olang semua mau sokong PAS, PKR.

Gua olang manyak hormat sama Tok Guru Nik Aziz! Tak Ori dan tamingsari misti orang UMNO Baru.
Tak tak baik tak hormat lu punya Islam. Gua pun peluk Islam, Islam ajak gua bikin baik, tak boleh judi, apa pasat lu orang UMNO Islam jugak selalu mau judi, 4d banyak kali satu minggu, sekalang lu mau judi bola lagi.

Woooaa tak bolih lo!

TB orang baik, betut betut Islam punya orang. Gua ingat TB PAS punya member la. PAS best.

Anonymous said...

Haha..China is peganging United States teloq!!

Playing the Role of Lapdog in Iran Sanctions Ploy
China's Cool Hand Game

By PETER LEE

China's plan to survive and thrive amid the Barack Obama administration's Iran sanctions drive appears to be on track - albeit with more than a little public diplomatic cost and humiliation.

China's tactics have the potential to weaken sanctions at the national as well as the United Nations level. Therefore, Beijing may still earn the grudging gratitude of Iran - and even the United States, whose push to extend sanctions it has agreed to support.

When the sanctions drive was threatened by the fuel swap agreement between Iran, Turkey and Brazil (hereinafter the ITB swap) China gritted its teeth and, instead of supporting this dramatic and apparently genuine exercise in developing-world diplomacy, undercut it by acquiescing to Washington's rushed riposte: the announcement that a draft sanctions resolution approved by the "Iran Six" would be circulated to the Security Council.

To observers who expected China to champion the rights and interests of nations outside the Western bloc, it was not a pretty picture. The resolution announcement incensed Brazil and Turkey, two natural allies in China's plans for a new, post-US world order.

Iran's reaction to China's actions has been muted, even though Foreign Minister Manouchehr Mottaki was reportedly thunderstruck when a Reuters correspondent told him about the resolution announcement on May 19 in Dushanbe, Tajikistan.

Within China, indignant netizens employed salty language to excoriate China's capitulation to the United States - and its wordy, parsing efforts to justify the government's actions.

One aggrieved commenter wrote: "'So, you want to live like a whore and then have a ceremonial arch erected to commemorate your chastity! Don't think the Chinese people don't understand what's going on!''

Anonymous said...

As China's Foreign Ministry reached out to Turkey and Brazil to praise the fuel swap deal and repair China's standing in the developing world, two complementary editorials in China's influential Global Times - one in English for a Western audience and one in Chinese for everybody else. These laid out Beijing's case and labored to salvage China's public image as an independent and principled world power.

At the same time it was made clear that China was not going to attempt to exploit the ITB swap announcement in order to embarrass the United States and decouple from the sanctions drive.

In fact, the editorials laid out a position comforting to the United States: that more than the fuel swap agreement was needed if Iran wished to avoid sanctions.

The English-language editorial stated:

Should Iran really make up its mind to break the long impasse, more substantive steps are needed before the rest of the world can be more convinced.

Implementing the fuel-swap deal is certainly one option for Tehran to assure the world of the sole peaceful purpose of its nuclear program.

There are more feasible options available. Iran's claims of trustworthiness will be more persuasive if greater transparency is given to its nuclear program.

Tehran would be shortsighted and unwise if it merely manipulated the fuel-swap deal as a tactic to stave off more UN-led sanctions.

... it is the choices up to Iran that can make peace a reality in the region. [1]

The Chinese-language editorial, while criticizing US intransigence, stated:

Iran has not made sufficient efforts for foreigners to believe her.

In principle, the agreement announced two days before ... is a good thing. But it is not enough to remove the suspicion ... additional actions are necessary ... If Iran wants to break this deadlock, it has to take concrete actions and prove to the world that none of its activities have anything to do with nuclear weapons. [2]

The Western media profess to believe that Chinese support was extorted by threats to come down hard on China on the issues of currency valuation and the Cheonan, the South Korean warship which Seoul claims was sunk by a North Korean torpedo.

However, it appears that the situation leading up to the sanctions resolution announcement on May 18 was quite the opposite.

The Obama administration, desperate to keep the ITB swap deal from derailing the sanctions push, was forced to finalize its negotiations with Russia and China in conditions that can charitably be described as adverse.

Russia and China were in the position to make demands - and they did, as the New York Times reported:

Among the many compromises that the United States accepted to get China and Russia to back new sanctions against Iran was an agreement to limit any reference to the bank - or Iran's entire energy sector, for that matter - to the introductory paragraphs rather than the sanctions themselves, according to American officials and other diplomats, yielding a weaker resolution than the United States would have liked.

The standoff between Washington and Beijing over what economic measures to include in the final resolution consumed the last 10 days of the negotiations, diplomats said. [3]

Anonymous said...

These remarks - and the remarkably forthright support for the American sanctions position reflected in the Global Times editorials - can therefore be construed as Beijing's public affirmation of the deal China made with the Obama administration to keep national sanctions in check.

As noted above, at China's insistence, references to Iran's financial and energy sectors were banished to the beginning of the draft resolution, instead of being referenced in the articles outlining actual sanctions - thereby removing the potential justification that harsher US national sanctions were necessary in order to implement the UN security council resolution mandate.

For its part, the US engaged in spinning of its own to avoid the impression that it had given away the store during the rushed weekend negotiation.

On the issue of Russia's key military sale to Iran - the S300 anti-aircraft battery that is supposed to give Israel conniptions - the US told its sources that the sale would be banned. The Russians went public with a statement that they could sell it.

As for the concessions to China, US sources took pains to assert that the Iranian finance and energy sector was still fair game:

That is enough to pursue companies dealing with either the banks or the energy sector, American officials said. Whenever the negotiations stalled, Ambassador Susan E Rice, the American envoy, warned the Chinese that any measures passed by Congress in the absence of a United Nations resolution would likely have much greater consequences for Chinese banks and its trade relations with the United States, one United Nations diplomat said. [5]

However, a close parsing of this paragraph seems to indicate that China actually did get what it wanted: Beijing's interests will be targeted if - and only if - China doesn't back the UN sanctions resolution.

Once the Security Council resolution is out of the way, US national sanctions are coming, as a matter of domestic political necessity and, perhaps, the Obama administration's attempt to entice Israel into the faltering non-proliferation regime by isolating and incapacitating Iran.

Maximum US national sanctions go far beyond the UN - by design.

Pounding on Iran and supporting Israel are a matter of great importance in the US Congress.

A bipartisan Iran sanctions bill - HR 2194: Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2009 - represents the latest iteration in the so far futile pursuit by congress of the sanctions holy grail - a shut down of every global loophole that lets Iran fund its energy development, export oil, and import gasoline.

Anonymous said...

Now, UN sanctions appear inevitable - thanks to China.

However, China would harbor no illusions that the UN draft resolution would be the last word on sanctions.

China's support of UN sanctions are best understood in the context of the real sanctions - national and EU sanctions to be imposed on Iran's allies and trading partners after the UN sanctions pass.

It has not escaped the notice of China nor Iran that the US media routinely state that negotiations with Russia and China have diluted the UN resolution to the point of meaninglessness, and only follow-on sanctions can achieve the desired results.

Since the UN sanctions are universally regarded as a necessary precondition to national sanctions, it would appear counterintuitive for China to surrender its leverage over UN sanctions by spurning the ITB swap - which provided adequate pretext for slow-walking the UN sanctions process - and, in the Global Times editorial, even placing additional, seemingly unmeetable demands on Iran beyond the swap as a condition for halting sanctions.

Beijing's cooperation, including an acknowledgement that the sanctions vote would occur within three weeks - even under favorable negotiating conditions when it could conceivably have demanded that the UN sanctions process wait on the outcome of the ITB swap - implies that Beijing and Washington achieved an understanding concerning US national sanctions as well.

Immediately following the announcement of the UN draft, Global Times printed a long, self-justifying background piece by "a knowledgeable party at China's UN Mission in New York".

At a time when one would think China would be at pains to describe the draft as something forced on it by the United States, the unnamed source goes out of his or her way to describe the weeks of intensive negotiations and 20 bilateral meetings between the US and Chinese representatives that culminated in the draft resolution which it endorsed, with the unequivocal statement: "we have no objections to the draft".

The source lays out the principles underlying China's agreement to the sanctions process, with the apparent intention that these painstakingly-negotiated conditions should be binding on the US as well as China.

These should be understood as a signal that China is asserting that the US must observe these principles not only for the drafting of the UN sanctions but in the execution of American national sanctions.

The key economic points, as described in the Global Times backgrounder:

China's important interests are maintained. China's important interests are ... in the matters of Iran's energy, trade, and financial sectors. China believes that normal economics and trade should not be punished because of the Iran question nor should those countries that maintain normal, legal economic relations with Iran be punished ... Through negotiations, this point was satisfied, doing a relatively good job of upholding China's ... important interests. [4]

Anonymous said...

However, a close parsing of this paragraph seems to indicate that China actually did get what it wanted: Beijing's interests will be targeted if - and only if - China doesn't back the UN sanctions resolution.

Once the Security Council resolution is out of the way, US national sanctions are coming, as a matter of domestic political necessity and, perhaps, the Obama administration's attempt to entice Israel into the faltering non-proliferation regime by isolating and incapacitating Iran.

Maximum US national sanctions go far beyond the UN - by design.

Pounding on Iran and supporting Israel are a matter of great importance in the US Congress.

A bipartisan Iran sanctions bill - HR 2194: Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2009 - represents the latest iteration in the so far futile pursuit by congress of the sanctions holy grail - a shut down of every global loophole that lets Iran fund its energy development, export oil, and import gasoline.

The bill has been passed by overwhelming majorities in both houses in slightly different forms and is now in the hands of a conference committee that will produce the final bill for Obama's signature.

Whether or not the bill includes an explicit exemption for "cooperating countries" (aka China and Russia) as requested by the White House and absolutely detested by pro-Israel and anti-administration hardliners, Obama will have the final discretion in determining what sanctions to apply, and to whom.

And it appears that it will be very difficult for Obama to sanction China after Beijing's full-throated and politically costly support for UN sanctions.

That in turn may render moot the vaunted US sanctions against countries and companies involved in Iran's energy sector and supplying gasoline.

If US companies are sanctioned and China is not - and, under the draft UN sanctions resolution, presumably the maximum that China will accept, Beijing has no obligation to engage in energy and finance sector sanctions - Iran will suffer minimal disruption, China will accrue the maximum benefits, and American companies will be the losers.

If the United States threatens to unleash Stuart Levey, the US under secretary for Terrorism and Financial Intelligence, and Treasury hounds on Chinese banks doing business with Iran, the Obama administration can expect, if not open defiance, a rapidly increasing interest by Beijing in developing-world diplomatic initiatives to defuse the Iran crisis that undercuts the rickety sanctions edifice.

If, on the other hand, the Obama administration and Secretary of Defense Robert Gates are less interested in pursuing dead-end sanctions than they are in creating the geopolitical space to continue negotiations with Iran over its nuclear program, China's resistance may provide a welcome excuse for moderating the sanctions regime and preventing a slide into confrontation.

In any case, China, by coming - and staying - on board the sanctions bandwagon on its own terms, makes it much more likely that national as well as UN sanctions will be less stringent than Iran's most ferocious adversaries hope.

This background is perhaps the best explanation of why Iran's public criticism of China's participation in the UN sanctions resolution exercise has been virtually non-existent.

China on the inside of the sanctions regime is a much more effective bulwark against aggressive, disruptive sanctions than it could be standing alone with Iran against the US-led campaign.

Peter Lee is a business man who has spent thirty years observing, analyzing, and writing on Asian affairs. Lee can be reached at peterrlee-2000@yahoo.

A version of this article appeared in Asia Times.

Anonymous said...

GM xori ni dh semakin melalut...maklumler xmampu nk lwn hujah yg penuh dgn fakta seperti yg diterangkan oleh TB...lain kali blajar dulu wahai gm sebelum nk berlagak pandai...dh le byk persoalan yg TB bg ko xleh jwb tp nk jugak berlagak pandai dgn swing sana sini kn...ramai org dh nampak hujah ko satu pn xberguna...so nasihat aku belajar kasi abis dulu b4 nk menyampuk ye gm...

john labu said...

Nak tanya TB, IMF punya package tu berapa persent interest? Ni riba ke tak riba? Apakah pejuang Islam seperti TB membelakangkan hukum Allah S.W.T. dalam bab riba. Tak tau ke TB, Allah S.W.T. melancarkan peperangan terhadap pengamal riba. Takkan TB suruh kita jadi pengamal riba. - GMTO

HAHAHA.. 3x
hari ni GMTO gelabah berokk.. hahaha
baru tiba2 dia ingat hukum tuhan makan riba haram... makk aaii alim berok GM nih!
riba haram.. SUMBER EKONOMI JUDI TAK HARAM??.. haram zadah toii..
sesetengah ulama kata kalau darurat tersangat loan harus.. gamaknya DUIT JUDI tu harus lah yea GM? sebab darurat.. M'sia dah nak bangkrap 2019 gitu..
elok la tu UMNOUPCO bangkrap.. lagi cepat lagi bagus!!

john labu said...

lapur Harian Meloya; SUBSIDI utk rakyat akan di hapus bagi elak negara bangkrap pd 2019...

bijak betoi skilll pengurusan ekonomi najib/umno/upco..!!
Tak IKUT cara BanglaThir BAIL-OUT, tapi ikut cara vinsetan JUDI.. kasi kering poket rakyat..
tak cukup POTONG SUBSIDI.. nak cover pitiss tak cukup Najib/Umno boleh pakat2 ajak rakyat BERJUDI.. cepat skitt kayoo Najib dan kroni..

Elook la.. setelah Bangladir tu keringkan kekayaan negara melalui pengswastaan DEB..
sakibakinya pulak di habiskan PakLah Lembab... telaga minyak sedekah, batu putih bagii..
Najibah pulak bagi tanah KTMB.. tukar KAPALSELAM jadi bot pukat kena tunda..

Yang TINGGAL kat rakyat malaysia cuma BATU DUA KETOI.. itu pun kena potong bagi subsidi..
ADA HATI Najibah nak buat stesyen janakuasa nuklear..! power-up dgn Kopi Janda lu dah la Jib..

john labu said...

lapur Harian Meloya; SUBSIDI utk rakyat akan di hapus bagi elak negara bangkrap pd 2019...

bijak betoi skilll pengurusan ekonomi najib/umno/upco..!!
Tak IKUT cara BanglaThir BAIL-OUT, tapi ikut cara vinsetan JUDI.. kasi kering poket rakyat..
tak cukup POTONG SUBSIDI.. nak cover pitiss tak cukup Najib/Umno boleh pakat2 ajak rakyat BERJUDI.. cepat skitt kayoo Najib dan kroni..

Elook la.. setelah Bangladir tu keringkan kekayaan negara melalui pengswastaan DEB..
sakibakinya pulak di habiskan PakLah Lembab... telaga minyak sedekah, batu putih bagii..
Najibah pulak bagi tanah KTMB.. tukar KAPALSELAM jadi bot pukat kena tunda..

Yang TINGGAL kat rakyat malaysia cuma BATU DUA KETOI.. itu pun kena potong bagi subsidi..
ADA HATI Najibah nak buat stesyen janakuasa nuklear..! power-up dgn Kopi Janda lu dah la Jib..

Grand Marquis said...

Pasal agama pula, sampai hari ni GM tak Ori tak bawak bukti di mana saya dusta ilmu hadeeth.

Sendiri jahil tapi ada hati panggil orang lain berdusta. Sedihnya tengok si GM tak ori. Sanggup jual agama untuk pertahan parti dia.


Hanya tuduhan rambang semata-mata. Maklumlah, benda haram dah jadi halal sebab dia madhab UMNO Ala Khawarij

Tunjuk jugak kaedah feqah mana saya dustakan?


Memang melayu mudah lupa. TB dah lupa ka, TB kata kisah umar dan kain tu muttawatir sebab peristiwa tu berlaku sewaktu Umar beri ucapan di mimbar. Sebab kejadian itu berlaku di mimbar, ramai nampak, jadi mutawatr. Bukankah ini satu pendustaan terhadap ilmu mustalah hadith?

Dalam bab usul fiqh, hang lupa ka, hang kata solat belakang nabi bukan solat jemaah. Lepas tu hang main cipta ilmu usul fiqh yang kata hadith Muslim lebih aula diamalkan berbanding dengan hadith sahih yang lain yang tak de dalam Muslim. Memang melayu mudah lupa.

Saya cabar GM Tak Ori, tunjukkan di mana kaedah IMF yang GM Tak Ori kata bahaya pada Malaysia tu.

Hang ni sikit-sikit cabar orang. Sampai najib pun yang nak cabar. Nak tunjukkan hang buat apa? Hang nak pi tutup IMF ka? Kalau hang nak tau, hang sendiri kena buat research dan bacaan sikit. Hang kan dok indonesia. Hang pi la buat kajian kat indonesia post IMF.

Grand Marquis said...

Kes IMF ni satu perkara yang menarik untuk kita lihat mentaliti TB. Kalau kita sebut aje IMF, hanya satu aje benda yang kita boleh point to. Iaitu Yahudi dan Riba.

Ada 3 perkara disini dan ketiga-tiganya adalah dosa besar. Iaitu Arak, Judi dan Riba.

Dalam bab arak, TB mati-mati pertahankan Ronnie Liu. Dalam bab Judi, dia mati-mati hentam UMNO. Dalam bab riba, dia mati-mati pertahankan IMF dan Anwar. Apa ni TB? Hang tak rujuk Quran ka? Adakah benda haram ni boleh membawa kebaikan pada kita? Apakah engkau rasa Yahudi ni akan tolong orang Islam?

Hang ni pernahkah kisah haram halal? Bila puak hang buat, halal (arak dan riba) bila puak lain buat (menghalalkan yang haram). Ini semua hipokrisi dan double standard.

Tulang Besi said...

Grand Marquis said...

Kes IMF ni satu perkara yang menarik untuk kita lihat mentaliti TB. Kalau kita sebut aje IMF, hanya satu aje benda yang kita boleh point to. Iaitu Yahudi dan Riba.
.

Iye ke? kat mana Yahudi nya? Bukan UMNO pun sekarang dah geng dgn Yahudi ke? APCO tu amende?

Kalau betul Yahudi, mengapa South Korea dapat bayar semua hutang pada IMF?

Lagi sekali, saya tanya GM TAK ORI:

Apa masaalahnya dengan solusi IMF sewaktu 1997

Di mmana bukti Lesen Judi yang Vinsetan dapat tu sebut ia diharamkan dijual pada orang Islam.

GM Tak ori takda maruah. Benda orang suruh bukti, sampai skrg tak bukti.

Lepas tu berani pulak komen benda2 lain.

Kalau orang biasa, mereka malu nak tunjuk muka sebab mereka ada maruah.

Agaknya semua UMNO ni memang takda maruah. Kalau mereka ada maruah for sure mereka tak sokong UMNO.

Grand Marquis said...

John Labu,

HAHAHA.. 3x
hari ni GMTO gelabah berokk.. hahaha
baru tiba2 dia ingat hukum tuhan makan riba haram... makk aaii alim berok GM nih!
riba haram.. SUMBER EKONOMI JUDI TAK HARAM??.. haram zadah toii..
sesetengah ulama kata kalau darurat tersangat loan harus.. gamaknya DUIT JUDI tu harus lah yea GM? sebab darurat.. M'sia dah nak bangkrap 2019 gitu..


Yang bagi fatwa sumber ekonomi arak ni tak haram ialah nik aziz sendiri.

Pada 26 November 1994, Nik Aziz berkata,

“Kelantan menggunakan hasil cukai arak, lesen anjing dan sebagainya bagi menampung kos membuat jalan dan lain-lain projek pembangunan. Arak itu sendiri boleh diminum oleh bukan Islam, jadi bila minum oleh mereka, maka untuk menjaga keselamatan, kerajaan mengambil duit dari mana?”


Jadi John Labu, hang pi la tegur Nik Aziz tu.

Tulang Besi said...

Memang melayu mudah lupa. TB dah lupa ka, TB kata kisah umar dan kain tu muttawatir sebab peristiwa tu berlaku sewaktu Umar beri ucapan di mimbar. Sebab kejadian itu berlaku di mimbar, ramai nampak, jadi mutawatr. Bukankah ini satu pendustaan terhadap ilmu mustalah hadith?.

Tengok tu bohong lagi. MAna ada saya kata Saidina Umar berucap di mimbar?

Riwayat Muttawateer jadi muttawateer sebab ramai yang dengar dan hafal.

Guru saya yang kata riwayat ni muttawateer. Cuma saya tak ingat penerangan dia sebab dah lama.

BUkan macam GM TAk Ori, hadeeth dgn atsar tak tau beza.

Hadeeth kau bawak tu pun tak sure sahih ke tidak. Betul tak?

Tulang Besi said...


Yang bagi fatwa sumber ekonomi arak ni tak haram ialah nik aziz sendiri.

Pada 26 November 1994, Nik Aziz berkata,

“Kelantan menggunakan hasil cukai arak, lesen anjing dan sebagainya bagi menampung kos membuat jalan dan lain-lain projek pembangunan. Arak itu sendiri boleh diminum oleh bukan Islam, jadi bila minum oleh mereka, maka untuk menjaga keselamatan, kerajaan mengambil duit dari mana?”

Jadi John Labu, hang pi la tegur Nik Aziz tu.
.

Tengok, dasar UMNO kuat menipu. lain orang cakap, lain yang dia paham.

Kelantan ambik cukai arak dari ORANG BUKAN ISLAM yang TIDAK DIHARAMKAN ARAK ke atasnya.

Tapi, lesen arak di Kelantan dikurangkan kepada sekadar yang diperlukan oleh orang bukan Islam.

Tidak seperti UMNO, pegi rasmi kilang arak. Klik sini.

UMNO terdesak terpaksa ambik kenyataan Tok Guru sekerat-sekerat

Grand Marquis said...

Antara sebab saya malas nak buat posting panjang-panjang pada TB ialah dia bukannya berminat nak baca atau fikir pun. Yang dia nak ialah menang debat. Tu aje.

Hari tu dia kata DAP tak anti-Islam. sekarang ni dia kata IMF bukan alat yahudi. Bagus la tu. TB bukannya kisah fakta atau apa. Kalau dia kata DAP pencinta Islam, maksudnya semua orang kena telan kata-kata dia. Fakta dan realiti tolak tepi. Kalau dia kata IMF bukan alat yahudi, pun kita kena terima. Kata-kata TB ialah kata putus. Fakta dan realiti tolak tepi.

Kepada TB, kalau hang minat nak tau pasal IMF, hang pi la google dan baca sendiri. Sudah ada kes study dan contoh-contoh yang ada. Kalau saya tulis kat sini pun bukan hang nak terima pun.

Untuk permulaan, hang pi baca yang ni: More a Curse than a Cure: The Role of the IMF after the Argentine and Turkish Financial Crises

Baca yang ni (ni dari puak sosialist hang):
How the IMF gang wrecked Indonesia

Grand Marquis said...

Tengok tu bohong lagi. MAna ada saya kata Saidina Umar berucap di mimbar?

Riwayat Muttawateer jadi muttawateer sebab ramai yang dengar dan hafal.

Guru saya yang kata riwayat ni muttawateer. Cuma saya tak ingat penerangan dia sebab dah lama.


Memang melayu mudah lupa. Apa yang hang cakap tu terselit dicelah-celah posting yang banyak tu.

Hang dah confirm ke riwayat tu ramai yang dengar dan hafal? Rupa-rupanya "guru saya yang kata"... hang berguru dengan siapa? Tak ingat, tapi ada hati nak kata muttawatir.

BUkan macam GM TAk Ori, hadeeth dgn atsar tak tau beza.

Hadeeth kau bawak tu pun tak sure sahih ke tidak. Betul tak?


Saya tanya TB, kisah umar tu hadith ke atsar? TB sampai sekarang ni tak jawab pun. Tapi ada hati kata orang lain tak tau.

Hadith saya bawak tu tak sure sahih? Baguslah TB. Hang kan serba tau dan serba boleh. Jadi hang cuba sanggah pendapat ulama hadith yang kata hadith tu sahih. Bagi lah hang punya tahqiq (saya berani confirm TB takkan jawab bab ni).

Grand Marquis said...

Tengok, dasar UMNO kuat menipu. lain orang cakap, lain yang dia paham.

Kelantan ambik cukai arak dari ORANG BUKAN ISLAM yang TIDAK DIHARAMKAN ARAK ke atasnya.

Tapi, lesen arak di Kelantan dikurangkan kepada sekadar yang diperlukan oleh orang bukan Islam.

Tidak seperti UMNO, pegi rasmi kilang arak. Klik sini.

UMNO terdesak terpaksa ambik kenyataan Tok Guru sekerat-sekerat


Yea la, siapa boleh lawan kita kan. Apa kita buat halal, apa orang lain buat haram. Nak argue dengan orang macam hang ni memang tak guna sebab mental hang dah set. Semua untuk keuntungan politik semata-mata.

Tulang Besi said...



Untuk permulaan, hang pi baca yang ni: More a Curse than a Cure: The Role of the IMF after the Argentine and Turkish Financial Crises

Baca yang ni (ni dari puak sosialist hang):
How the IMF gang wrecked Indonesia
.

Kahkahkah si GM masih tak berani jawab soalan saya:

Mengapa Korea Selatan Berjaya Membayar Balik Pinjaman IMF mereka?

Tak payah lah nak bawak contoh Turk. Argentina dan Indonesia. Kau pun tak paham apa artikel tu tulis.

Kalau program IMF gagal, kau jawap ni:

"Despite a slowing global economy, Indonesia’s economic growth accelerated to a ten-year high of 6.3 percent in 2007. "

Boleh tolong jawab tak?

Tulang Besi said...

Bagi GM tak ori, sesapa tak setuju bail out dia adalah sosialis.

Kao reti ke sosialis tu apa, GMTO?

Tulang Besi said...


Hadith saya bawak tu tak sure sahih? Baguslah TB. Hang kan serba tau dan serba boleh. Jadi hang cuba sanggah pendapat ulama hadith yang kata hadith tu sahih. Bagi lah hang punya tahqiq (saya berani confirm TB takkan jawab bab ni).


Hadeeth kau bawak tu cuma di sahih kan AlBani sahaja.

Ertinya ia TIDAK IJMA kesahihannya.

Maka sebab itulah tarafnya rendah dan boleh ditolak atau diterima.

Kalau Sahih Bukhari dan Muslim, kesahihannya IJMA

Kao kata kau mengaji mustalahal Hadeeth, takkan benda ni pun kao tak tau?

Tulang Besi said...


Yea la, siapa boleh lawan kita kan. Apa kita buat halal, apa orang lain buat haram. Nak argue dengan orang macam hang ni memang tak guna sebab mental hang dah set. Semua untuk keuntungan politik semata-mata.
.

kahkahkah GM Tak Ori dah tak larat jawab.

kahkahkah

Tulang Besi said...

GM Tak Ori sama mereng dengan Kickdefella.

Ambik kenyataan sekerat-sekerat. Kickdefella dah menjangkitkan kemerengannya pada GM tak ori

jibam said...

aiseyman .. buat ler research sikit. benda dah jadik case studies beb. IMF fuckup & so does anwar during that time. solid backing from the chinese community beb.. johor leh menang 100%.

Grand Marquis said...

Betul ke Albani aje yang kata sahih? Nampaknya TB tipu lagi.

Saya dah jawab bab hadith Muslim hang tu. Hujah hang langsung tak relevan. Macam hujah anti hadith aje. Hang search balik blog hang untuk jawapan tersebut.

TB asyik jaja korea. Tapi itu satu contoh yang specific. Lagi pun, kita tau, korea ni bukan macam negara lain. Mereka dekat dengan jepun dan cina yang mana orangnya rajin dan kuat daya saing. Lagipun korea selatan ni kan baby US, the god father of jewish banking system.

Hang main post satu link dari wikipedia lepas tu hang nak justify pasal IMF. Memang hebat hang TB.

Hang tak tau ka, Indonesia sendiri tertekan dengan IMF sampai mereka nak lepas dari jerat IMF.

Lagi satu, TB, tak payah bersikap kebudak-budakkan. Bila hang tak nak baca (atau tak berani nak baca) hang tuduh kata orang lain tak paham. Inikah sikap hang yang berdegar-degar kononnya nak minta hujah? Senang-senang aje boleh kata tolak tepi? Itulah saya kata, tak perlu tulis panjang-panjang dengan TB ni. Dia bukannya nak cari kebenaran, yang dia nak menang debat aje. Kalau dia ikhlas nak cari kebenaran, dia takkan tolak tepi kes Argentina dan Turk.

Hang ni memanjang kehulur kehilir kata orang tak tau ni orang tak tau tu. Hang ni kira professor serba tau. Dari ulama kepada muhadith sampailah kepada pakar ekonomi dan undang-undang, semua hang tau. Asalkan engkau bahagia la TB. Orang bila bodoh sombong memang tak de ubatnya.

Tulang Besi said...

hahaha memang la semua negara nak bebas dari IMF sebab tak tahan dengan disiplin yang dikenakan IMF.

Tapi, Indonesia masih belum bebas dari IMF dan tiba-tiba sahaja dalam masa lebih sepuluh tahun selepas bantuan IMF, Indonesia menjadi ekonomi yang ketiga terbaik dalam dunia.

Jadi, ada alsan lain kao nak carik, GM tak ori, untuk sokong bail out kao tu?

Tulang Besi said...

Betul ke Albani aje yang kata sahih? Nampaknya TB tipu lagi.

Saya dah jawab bab hadith Muslim hang tu. Hujah hang langsung tak relevan. Macam hujah anti hadith aje. Hang search balik blog hang untuk jawapan tersebut.
.

Aikk, kau yang cakap Albani sahihkan. Ke kau dah lupa?

Kao ada bukti hadeeth tu ijma' kesahihannya?

Tulang Besi said...

Macamni la, kalau ikut logik Mahafiraun dan GM tak ori, sepatutnya Indonesia ni dah bankrap sebab ikut cakap IMF. Sepatutnya setengah rakyat Indonesia dah mati kebuluran dan Indonesia dah jadi padang jarak padang terkukur angkara IMF.

Ada tak jadi macam tu?

Anonymous said...

WHAT CAUSED the economic crisis in Indonesia that led to the IMF bailout?

THE INDONESIAN economy collapsed in late 1997 as part of the general economic collapse throughout Asia, which hit Thailand, South Korea and the Philippines as well. It appears, four years later, to be hitting the most comfortable of the Southeast Asian economies, that of Singapore.

During the late 1980s and through the 1990s, there was a flood of investment, mainly from North America and Europe, into all these countries, and all in more or less in the same sector--light manufacturing, especially the sweatshop sectors of garments and footwear. Big investments in these sectors also took place in Vietnam and China.

The growth figures that these investments produced gave the impression of boom times--of "economic miracles." The miracle was further accentuated by a host of big infrastructure and telecommunications projects.

The miracle boom also attracted a lot of speculative investments in property, the local stock markets and in the currencies themselves. Many Indonesian banks, for example, offered spectacular interest rates for rupiah accounts.

During late 1997, the penny started to drop that manufacturing capacity in these light industries throughout the region might have exploded beyond what markets back in the U.S. and Europe demanded. There wasn't much else to these economies.

Suddenly, speculators started to withdraw their investments, banks collapsed, and new projects--whether manufacturing, infrastructure or construction--were put on hold or canceled. The whole house of cards collapsed.

In Indonesia, several million people were thrown out of work over a few months. About 20 million people suddenly dropped below the official poverty line.

The situation was made worse there by the incredible level of corruption. Leaked World Bank documents estimated that 30 percent of all World Bank loans to the Suharto dictatorship had been corrupted.

Furthermore, the fact that so many Indonesian banks were owned by Suharto cronies meant that they had been able to ignore most banking rules and had overlent their money to their own crony companies. When the companies collapsed and when speculators withdrew their deposits, the whole banking system collapsed.

Even today, the banking system is artificially kept alive through loans from the government. In turn, the government is only able to make the loans because they're underwritten by the IMF.

john labu said...

yang sahihnya.. baca surat khabar semalam..
setelah Bail-out 1997.. Hari ini Najib/Ubn cakap malaysia bakal bangkrap 2019.. kena potong subsidi!
nak panggi siapa pulak bail-out sy Malaysia sdn bhd dan ceo najib ini??
ceo najib bulih la jual mana2 negeri kalau tak cukup potong subsidi..

Anonymous said...

WHAT CONDITIONS did the IMF put on its bailout?

THE SUHARTO regime called in the IMF in late 1997. But since then, there have been several rounds of negotiations. Each round has led to more concessions on the part of the Indonesian government to the neoliberal prescriptions of the IMF.

By August 2001, the Indonesian government had basically conceded away everything. There's a commitment to privatize all state enterprises and run them on fully commercial lines--meaning that many services provided to the public at subsidized prices will soon be available only at a fully profitable price.

The Indonesian government has also long provided price subsidies for many basic commodities used by the mass of the population, as well as agricultural inputs for rice farming. All these subsidies have been drastically reduced or abolished.

It's hard to track inflation exactly since 1997 because of the initial huge leap in prices and the staggering fall in the value of the rupiah. But inflation has hit the mass of the population terribly.

The IMF recipe is also calling for an end to the protection of all Indonesian industrial and agricultural production. By late 2000, the government had also conceded on the question of ending any effective protection for rice and sugar agriculture. As a result, in 2001, rice imports reached the highest-ever amounts, including smuggled rice.

There's speculation that the millions of rice farmers in Java, Bali and South Sumatra may soon start abandoning their fields, because their rice can't compete pricewise with dumped U.S. or Canadian rice--or rice from other Third World countries marketed by big agribusiness enterprises. Rice production in Indonesia was never modernized beyond improving seed, fertilizer and pesticides. Mechanization never took place.

This may end up being the biggest disaster area resulting from the IMF neoliberal prescriptions.

SHOULD INDONESIA be expected to pay its debt to the West?

I'M SURE a comprehensive analysis of all the wealth flows would show that it's the imperialist countries that owe money to Indonesia.

All the loans given to Indonesia from 1967 onwards not only came with interest that had to be paid back, but the Indonesian government had to provide privileged access to the Indonesian economy. Since 1997, those privileges have become enormous. The outflow in terms of repatriated profits and interest repayments--not to mention all the unequal exchange rip-offs--means that the U.S., Europe, Japan, Canada and Australia owe huge debts to Indonesia.

And of course, this isn't counting the absolutely huge siphoning of wealth to Europe out of Indonesia that took place continuously during the 17th, 18th, 19th and early 20th centuries. It was three centuries of exploitation that left Indonesia impoverished in the first place.

for more go2 http://socialistworker.org/2001/377/377_08_Indonesia.shtml

john labu said...

anwar TAK SEMPAT pun amek IMF kerana kononya yahudi..
mahaperaun amek bank dunia, sama la maulana diapun yahudi!
Najib pula plak amek maulana UPCO, Asia Soft dan JUDI.. 238 x lagi teruk!
bagus la GM amek kisah Turk dan Kamal Atartuk... 22 pakat2 bela yahudi..
turk dan mesir 22 memuliakan yahudi lebih dr rakyat dan anak sendiri..

Anonymous said...

Looking back at the absence of turmoil and the quick recovery of the economy from the depth of Crisis, Malaysia's unorthodox approach certainly appears to be vindicated. Indeed, this thesis has been the thethe of a book published by the Institute of Strategic and International Stuthes (Tourres 2003). It is certainly true that compared to the IMF's early rethethes, Malaysia suffered far less pain than did Indonesia at least. But the proof of the above 'fact' cannot be founded on this truth alone. Lee and Tham (2007) explained the milder impact on Malaysia in terms not of these policies but of the country's sounder fundathentals. That most of Malaysia's exports were by multinationals insulated the country from a sharper contraction.1 They could have gone further. Since Malaysia's manufactured goods exports were heavily concentrated in electronics products, the strong demand from the US (in preparation for Y2K) until the burst of the tech bubble in 2001 saved the country from greater pain.

Additionally, the IMF vs. no-IMF alternatives turned out not to be as mutually exclusive as it has been made to appear. Major steps that Malaysia took - the cleanup of bank debt, improving governance, and even the expansionary budget2 - were precisely the theasures pushed by the IMF on Indonesia, South Korea and Thailand. Thanks partly to the IMF's theasures, these three countries recovered no later, and in Korea's case earlier, than Malaysia. Indeed, while a case could have been made against the IMF's requirethent for the break-up of governthent or governthent-endorsed monopolies on the grounds of social stability, the use of substantial public funds to bail out politically connected companies like Renong, MISC and Malaysia Airlines could not have been the most obvious thethod of social protection. Likewise, the arguthent for protection of dothestic capital needs to be seen in this light. In real terms, the only policies Malaysia pursued that were distinct from what the IMF prescribed were capital controls and the currency peg.

In the rush to condemn IMF policies, it is largely forgotten that the programthes were not always forced on an unwilling Asian leadership. While Indonesia's Suharto was clearly disconcerted by the Fund's insistence on ending food subsithes and dismantling monopolies, South Korea's newly elected Kim Dae Jung saw the Fund's insistence on flexible labour markets as consonant with his new governthent's position, at least in the beginning. These attitudes help explain the contrast in the manner IMF-mandated reforms were implethented. Suharto veered between support for and resistance to these reforms before finally losing his grip on power. Unfettered by such doubts, the South Korean governthent implethented the IMF program religiously. The Thai governthent elite were likewise committed to the IMF program, although it was hampered by an unstable political coalition which eventually fell.

for more go2 http://findarticles.com/p/articles/mi_qa5520/is_200712/ai_n25417745/

Grand Marquis said...

Bab Albani tu, hang sepatutnya pi baca balik apa yang saya postkan tu.

TB bila dah terperangkap dengan hadith sahih, dia nak spin main ijmak pulak. Memang tak sudahnya dengan TB ni. Dia akan cari alasan nak spin aje. Kalau TB kata tak ijmak, maka datangkanlah bukti dari ulama hadith (bukan dari muhadith TB) yang kata hadith tu tak sahih.

Jahilnya TB ialah dia ingat logik orang sama dengan logik dia. Logik TB ni nampaknya amat singkat. Hanya lihat kebuluran dan padang jarak padang tekukur. Gagal lihat the big picture. Tak hairan geng macam TB ni asyik menjadi kaldai tunggangan orang, khasnya puak kafir. Hang pandai-pandai fikirkan sendiri maksudnya.

Anonymous said...

WHAT REMAINS OF THE EAST ASIAN MODEL?
Jomo K.S.
University of Malaya, Kuala Lumpur, Malaysia
G-24 Discussion Paper No. 10
March 2001

Abstract
This paper focuses on the prospects for sustained development in the four East Asian
economies most adversely affected by the crises of 1997/98. These include all three second-tier
South-East Asian newly industrializing countries (NICs) – Indonesia, Malaysia and Thailand –
as well as the Republic of Korea, the most adversely affected of the first-generation newly
industrialized economies (NIEs). The first section critically examines the East Asian model
presented by the World Bank’s “East Asian Miracle” (1993). The study emphasizes the variety
of East Asian experiences. The three second-tier South-East Asian experiences are shown to be
quite distinct from, and inferior to, those of the first-generation NIEs, especially the Republic of
Korea and Taiwan Province of China.
The circumstances leading to the onset of the East Asian crises of 1997/98 are then reviewed
to assess whether and how the East Asian “models” may have contributed to the crises.
Macroeconomic indicators in Malaysia and the three most crisis-affected economies – i.e.
Indonesia, the Republic of Korea and Thailand – are reviewed to establish that, despite some
misdemeanours, the crises cannot be attributed to macroeconomic profligacy. After reviewing
the causes of these crises, the role of international financial liberalization and the reversal of
capital inflows are emphasized. Nevertheless, the trend towards further financial liberalization
continues. Malaysia is shown to have been less exposed as a result of restrictions on foreign
borrowings as well as stricter bank regulations, but more vulnerable owing to the greater role
of capital markets compared to the other three economies in the region. The role of the IMF and
financial market expectations in exacerbating the crises is also considered.
The emerging discussion begins by asserting that economic recovery in East Asia since
1999 – especially in Malaysia and the Republic of Korea – has been principally due to successful
reflationary measures, both fiscal and monetary. The main institutional reforms currently claimed
as urgent to protect the four affected economies from future crises and to return them to their
previous high growth paths are critically assessed. It is argued that the emphasis by the IMF
and the financial media on corporate governance reforms has been misguided and that such
reforms are not really necessary for recovery. Instead of the Anglo-American-inspired reforms
currently proposed, reforms should create new conditions for further “catching-up” throughout
the region. Although the prospects for reform of the international financial system remain dim,
a reform agenda in the interests of the South is outlined.
Globalization, including international financial liberalization, has reduced the scope for
selective interventions so crucial to the catching-up achieved during the East Asian miracle
years. However, the process has been uneven and far from smooth, leaving considerable room
for similar initiatives more appropriate to new circumstances. In any case, it is unlikely that
globalization will ever succeed in fully transforming all other national economic systems along
Anglo-American lines. The emerging hybrid systems have not really advanced late development
efforts. There is an urgent need to understand better the full implications of globalization and
liberalization in different circumstances so as to identify the remaining scope for national
developmental initiatives.

http://www.unctad.org/en/docs/pogdsmdpbg24d10.en.pdf

Tulang Besi said...

Bila GM Tak Ori terkantoi pasal rupanya dia tak reti ilmu hadeeth, dia pakai logik pulak.

Hahahahaha. Yang lebih jijik, dia guna ilmu hadeeth dia nak pertahan pemimpin yang sokong judi.

Mana dia salinan lesen judi VInsetan tu. Bila nak bawak?

Grand Marquis said...

What is this TB. What happen to u lately. Hang kebelakangan ni asyik tuduh tuduh orang tak erti ni, tak erti tu macam hang seorang aje erti semua.

Hang dah malu ke sebab asyik kena dedah yang banyak perkara hang tulis tu adalah atas kejahilan hang. Jadi nak tutup malu, hang tuduh orang lain pulak tak tau.

Terpulanglah kat hang ni. Saya tak perlu nak tunjuk kat hang apa yang saya tau. Hang punya pembaca boleh nilai sendiri.

Hang kan terra ilmu hadithkan. Saya tanya, kisah Umar dan Kain tu hadith ke atsar hang langsung tak jawab. Alih-alih hang tuduh orang tak erti hadith. Kalau hang pandai sangat tolong jawab la.

Tulang Besi said...

woi GM tak ori,

Kao buleh senyap tak. Mana salinan lesen judi Vinsetan aku mintak tu?

Kenapa kao tak berani bawak sampai sekarang?

Anonymous said...

GM tak berani sekarng sebab dia sibok @ lorong haji taib

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