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Friday, May 21, 2010

Mahathir Bazir RM100billion. Rakyat Kena Bayar PTPTN

NOTA EDITOR: Penulis Barry Wain menyatakan beliau ada bukti ke atas dakwaan beliau yang Dr Mahathir telah bazirkan wang rakyat sebanyak RM30 billion. Bagi saya sendiri, saya yakin pembaziran Mahafiraun ini melebihi dari itu. Misalnya, rakyat Malaysia terpaksa membeli kereta Proton dengan harga 100% dari harga pasaran sebenar. Keuntungan yang dikaut Proton itu adalah SATU PEMBAZIRAN kepada rakyat Malaysia. Misalnya, sepatutnya rakyat Malaysia membayar sebiji Proton Wira dengan harga RM25k, tetapi disebabkan oleh Mahafiraun, kita terpaksa membayar dengan harga RM60k. Bayangkan pembaziran yang DIPAKSA ke atas Rakyat Malaysia.

Misal lagi satu adalah bagaimana duit milik rakyat Malaysia hilang dalam sekelip mata. Duit yang berjumlah RM30 billion telah lenyap kerana digunakan untuk "berjudi" dalam Pasaran Mata Wang Antarabangsa. Di waktu bank-bank negara dari negara kaya pun tak berani main di Pasaran Wang Antarabangsa ini, Mahafiraun dengan bantuan Nor Mat Yaakob telah bermain "judi" dengan wang rakyat. Apabila rugi, RM30 billion wang rakyat LENYAP. Nor Mat Yaakob tidak pernah dibicarakan malahan dilantik Menteri Penuh. Padahal, Nor Mat Yaakob sepatutnya duduk dalam Penjara Kajang bersama2 Halim Saad dan Tajuddin Ramli dan Daim Zainuddin.

Rakyat Malaysia pula diberitahu untuk berhenti bergantung pada Kerajaan. Maka, rakyat Malaysia tidak boleh lagi mendapat biasiswa tetapi harus membayar balik PTPTN. Bila tamat pengajian, gaji permulaan siswazah lebih rendah dari kos hidup. Terpaksalah kita bekerja sampai ke lubang kubur.

Manakala, perompak2 seperti Mahafiraun dan Nor Mat Yaakob hidup mewah dan senang selepas menghilangkan wang rakyat RM30 ribu juta.

Sekian

Wain: 'Penyelewengan RM100b Dr M disokong bukti'
Salhan K Ahmad
Mei 21, 10
11:51am

Barry Wain yakin 100 peratus dengan ketepatan fakta dalam bukunya Malaysian Maverick: Mahathir in Turbulent Times yang merekodkan kepincangan pentadbiran mantan perdana menteri Tun Dr Mahathir Mohamad.

Wain berkata, semua maklumat tersebut, termasuk dakwaan penyelewengan berjumlah RM100 bilion oleh Dr Mahathir itu disokong oleh bukti.

Beliau juga mengarang buku itu dengan memasukkan pandangan Dr Mahathir bagi menyeimbangkan dakwaan yang dikemukakan.

Antaranya adalah kerugian melalui Perwaja Steel, yang didakwa Dr Mahathir "hanya RM1 hingga RM2 bilion," bukannya antara RM15 hingga RM20 bilion seperti ditulis oleh Wain.

"Dr Mahathir mempunyai memori singkat. Menteri kewangannya sendiri mengemukakan satu laporan audit oleh Pricewaterhouse (Cooper) di Parlimen pada pertengahan 1990-an. Kerugian pada masa itu, saya rasa berjumlah RM9.5 bilion dan ianya makin bertambah selepas itu.

"Dia tidak akan senang hati apabila diingatkan tentang perkara ini, tapi itulah kehidupan... Selagi saya (menulis dengan) seimbang kepada dia, dan saya telah terbitkan pandangan dia," kata Wain dalam satu wawancara khas dengan Malaysiakini semalam.

Dr Mahathir juga sebelum ini menafikan dakwaan Wain bahawa bangunan ibu pejabat Umno di Pusat Dagangan Dunia Putra (PWTC) dibina dengan dana awam.

"Saya ada satu salinan akaun Umno yang diaudit, termasuk dana politik rahsia dan ia menunjukkan dengan jelas, mereka ada berpuluh juta di dalam akaun ketika (Daim Zainuddin) mengambil alih," katanya lagi.

Tambahnya, beliau juga menemuramah banyak sumber untuk buku tersebut bagaimanapun tidak memasukkan kesemuanya sekali.

"100 peratus (yakin), kesemua fakta adalah benar. Tidak ada satu pun kesalahan dalam buku tersebut.

"Sehingga hari ini, ia telah diulas boleh ahli ekonomi di Australia, Hong Kong dan (ahli ekonomi) di rantau ini termasuk Thailand.

"Ada satu ulasan di Malaysia, dalam talian, yang menulis satu fakta salah yang saya terpaksa ulas, untuk jelaskan bahawa orang yang menulis ulasan tersebut telah membuat kesalahan fakta berhubung kesan pilihan raya 1969, antara lainnya," katanya lagi.

Wain berada di negara ini sehingga minggu depan untuk mempromosikan bukunya itu yang bakal diulang cetak kali keenam dan diterjemahkan ke bahasa Melayu dan Cina.

45 comments:

Anonymous said...

TB tumpsnh tanya. Siapa menteri kewangan ketika itu?

PH Chin said...

Tun Mahathir pernah berkata, 'Melayu mudah lupa.'

Saya yakin Tun Mahathir juga mudah lupa bila ditanya mengenai kebaziran RM 100 billion kelak.

'Power corrupts, absolute power corrupts absolutely.'

Demikian keadaannya bila Tun Mahathir berkuasa dari tahum 1981 hingga 1993.

pertiwi said...

If Dr M 'leaked' RM100 billion in 22 years, every msian should thank him. It just goes to show his efficiency.

People shld look at how much Spore leaked in 22 years or the US Congress via pork barrel, or even Bodowi in 5 years.

get a life ceo wannabe

Anonymous said...

TB, sebenarnya wang yang telah dibazirkan oleh Mamakkutty ialah USD100 billion, atau RM320 billion bang!

Ini mamak dari Kerala, apa pasal dia cakap dia orang Melayu? Dulu dia mengaji di Universiti Singapore pun, dia tulis dia bangsa India. Apa pasal sekelip mata dia sudah jadi Melayu?

Banyak pandai tipu lah ini Mamak kutty! Orang Melayu juga banyak senang di tipu!

ikan todak said...

mana si lahanat Grand Marquis ni...???Bodoh nak mampos, dah kena tipu hidup-hidup dengan UMNO pun still nak pertahankan UMNO...memang bangang betol si Grand Marquis ni...otak ada, tapi tak boleh pikir...campak je otak dia tu dalam jamban, lepas tu flush....baghal...

Anonymous said...

Masin ingat lagiu tak apa si puikimamak chootia malayali kutty cakap bila krisis melanda tahun 1997?Ini lanchau iblis in a televised speech suruh rakyat Malaysia gadai emas,juai tanah utk kasi stok market naik?Wat a haramjadah!!!stock market oredi nose diving,n he at that momemt kasi speech utk rakyat berkorban kasi e2 kasino klse naik..really this man is a freakiun cacat!!..how on earth RPK could berentot entot with this bORN loser ya?mind boggling!!

Anonymous said...

polisi pukitaik mamak taik yg masih diteruskan oleh nachibai yg otaknya penuh dgn imej2 karmasutra dan penuh dgn air manek telah meletakkan Malaysia dlm keadaan amat bahaya..trend hedge fund sekarng islah mereka sedang meniliti beban ootang EM(macam macm ratio merka pakai)..bila mereka habis attacking europe,gold/silver futures..mereka akan zero in on EM...

Anonymous said...

Bukan saja org melayu..org india pun senang ditipu..i dare say paling senang ditipu..dulu sami wollu..sekarng uthayakumar,waythamoorti dan masuk dlm kategori pemimpin2 india yg jahat!!non stop kelentong..dah makan duit dri nachibai tapi masih pretending to be mahan/avatar/vibuthi watevah..

Anonymous said...

sebenarnya dah ada campourtangan dri ATM/Yang Dipertuan Agung utk sepak kelaur dan tangkap para pariah UBN..

Anonymous said...

Malysia bukan demokratik..Malaysia ilah ROGUE STATE,sama sperti USA,UK,Burma,Zimbawe..nak harapkan sistem demokrsai utk mengusir kelaur UBN?FORGET IT!!..NEGARA PERLU DISELMATKAN 1ST..LEPAS TU BARU KITA BOLEH SUSUN SEMULA DEMOKRASI UTK SEMUA,TERMASUK RAJA RAJA!

Anonymous said...

The RM 100 Billion will be nothing compared to what the emasculated institutions of government will allow to leak in the future.The stage is now set for the leaking of government funds. OSA, will make sure that you and I cannot question actions of government. As the saying goes in a developing country you surrender your rights the moment to cast your vote.In developed countries your rights begin after you cast your votes. And in India you vote your cast.

And yet every statement of leaders is built around the virtues of fairness, freedom,integrity, resposibility, accountability, and honesty. They keep preaching our children these virtues underlining the importance of build a nation based on these vitues.When we the people say 'bikin ta'sama dengan cakap'the response is 'we have done nothing wrong'

The leaders are in a grip of a Denial so strong that we run the risk of destroying all that we have built over the last 50 years. Our only hope is that the leaders will discover that the greatest lesson they had thought the people was the one they themselves have to learn.Ramalx

Anonymous said...

alahai...
1.Pengumuman!!Ulang tayang!ulang tayang!!ulang tayang!!
2.Penerbit dah habis modai!!dah tak dak idea nak buat film baru!!
3.Minta maaf banyak-banyak!

IKHLAN DARI RTM!!!!!!!!!!!!!!!!!!

Anonymous said...

Memang tak faham betul mengapa begitu ramai rakyat Malaysia masih memuja Penyamun Tarbus ni.Lihat saja blog dia,begitu ramai yang masih tak sadar diri.Ada kalanya pemimpin-pemimpin PAS pun duduk mendongak depan Mamak Kuty ni mendengar dia buka temberang.Sungguh tak faham.Mamak Kutty ni memang bijak - masuk sana,masuk sini resmikan Pekosa dan kudakan Brahim Ali,buat komen sana-sini semua bertujuan nak tutup pekong-pekong yang dia dah buah selama 22 tahun.Jangan terpedaya,sebab suku-sakat Si Kitul ni memang bijak main wayang.

Anonymous said...

Memang tak faham betul mengapa begitu ramai rakyat Malaysia masih memuja Penyamun Tarbus ni.Lihat saja blog dia,begitu ramai yang masih tak sadar diri.Ada kalanya pemimpin-pemimpin PAS pun duduk mendongak depan Mamak Kuty ni mendengar dia buka temberang.Sungguh tak faham.Mamak Kutty ni memang bijak - masuk sana,masuk sini resmikan Pekosa dan kudakan Brahim Ali,buat komen sana-sini semua bertujuan nak tutup pekong-pekong yang dia dah buah selama 22 tahun.Jangan terpedaya,sebab suku-sakat Si Kitul ni memang bijak main wayang.

Anonymous said...

anon 2.25

soalan kamu tu nak menjerat TB ke?
klu betul pun waktu tu menteri kewangan anwar ibrahim, bukan ke 1malaya sudah tahu byk keputusan2 terutamanye 'bailout' yg membelakangkan kementerian kewangan...spt bailout MISC dan TNB sehingga tan sri osman rauf (klu tak silap aku) melatak jawatan kerena mempertahankan keputusan kementerian kewangan...

Anonymous said...

To Anom May 21, 2010 2:25 PM,
Sebab tulah anwar di tuduh liwat sebab anwar TIDAK SETUJU dgn segala mcm bailout oleh Mahahtir.

trinora

Anonymous said...

anon 11:46

Anwar menteri kewangan ketika itu. Dia bukan mudah hendak di over rule oleh PM. Sebab nak tunjuk pandai jadi mcm itu. Dah rugi sikit tapi dia suruh recover dgn tambah modal lagi. Seperti biasa dia salahkan Nor Yakob,itu pun baru2 ini je. Sebenarnya yg untung negara asing dimana dia ada interest. Itu pasal Anwar is worth billions. Dari mana datangnya kekayaan dia? Dia bekas menteri kewangaaaaaaaan.

IbnAbdHalim said...

Pasai tu lah dia kata kalau Anwar jadi PM dia buka langkah seribu ke Argentina. Kat sana dia ada ranch. Mai kot mana duit kalau tak sapu duit kita semua?

im said...

alahai... duit2... maner2 pon pergi sumer nak pakai duit... kalo dah dapat duit plak, rambang mata sumer bnda nak dibeli nyer... x cukup lg buat loan plak...x cukup lg naikkan cukai plak.. aku x heran lah kalo pon ader transparency transaction pon, tetap ader bocor kat maner2... duit tu amanah rakyat.. pandai2lah digunakn.. kalo baik jln y dibawa... baiklah rakyatnya kan...tp kalo takat nak joli sensorang baik ko jd ahli korporat ker, pniaga ker.. kalo dah jd politician sumer ntuk rakyat k... xder istilah makan untuk sndiri...ko tngok dulu khalifah islam maner ader duduk umah banglo btingkat2...

tamingsari said...

Malaysia hari ini negara yg selesa untuk hidup. Senang cari makan,aman damai dan menarik. Jumlah kedatangan pelancung menggambarkan negara yg di senangi dan memiliki rakyat yg mesra.
Keindahan desa dan kemajuan bandaraya meyakinkan. Peningkatan pelaburan memakmurkan negara. Mata wang yg stabil turut meyakinkan kita bahawa ekonomi negara berada dilandasan yg betul.

Kelemahan pemerintah? Mesti ada,tak banyak sikit. Rakyat tak nampakpun pengemis seperti dinegara jiran. Hospital,perumahan,pekerjaan dan pendidikan semua mencukupi. Tak kan nk puji parti pembangkang. Give credit where it is due. Mana ada masalah besar kecuali pasal nak rebut kuasa je.

Itu cerita sebenar disebalik maki hamun dan fitnah. Otherwise everything is okay. Yang membangkang pun hidup mewah. Anak2 merekapun dapat bantuan yg sama.
Malaysia ni macam 7 eleven tak pernah rehat dalam bab politik. Pencungkil gigi ditiup sampai besar batang cangkul. Time dia orang punya hal pun salahkan gomen.

Bila negara jadi macam killing field baru nak nyesal. Sekarang masing2 syok sendiri.

Anonymous said...

Barry Wain...?????
Kena rajin baca berkaitan FREEMASSON.....
Kita akan tahu siapa dia dan kuncu2 nya !!!!!!

Anonymous said...

Tuan, oleh kerana Islam itu memperjuangkan keadilan boleh tak tuan tafsirkan juga berapa ribu bilion hasil yang disumbangkan oleh Tun Dr. Mahathir melalui program dan projek ekonominya kepada rakyat? Untuk berlaku adil boleh tak tuan tafsirkan juga berapa ratus bilion yang telah Anwar Ibrahim taburkan kepada orang-orangnya melalui pink form dan pelbagai projek semasa menjadi Menteri Kewangan dulu? Kerana itupun duit rakyat juga kan?

ikan todak said...

si tamingsari ni lagi sorang bodoh nak mampos....itulah tektik UMNO selama ni, diorang nak rakyat Malaysia sentiasa bersyukur dan terima apa yang dapat...Serta jangan persoalkan apa yang kerajaan buat...memanglah betul banyak pembangunan yang kerajaan dah buat, tapi itu semua secara fizikal dan luaran sahaja...kalau kita tengok dari segi dalaman dan menyeluruh, sebenarnya Malaysia sedang menuju kehancuran disebabkan pemerintahan UMNO...tamingsari, lu teruslah bersyukur yek....tunggu sampai RM jadi sama taraf dengan Dollar Zimbabwe, masa tu pun lu sujud syukur tau....bodoh nak mampos, macam keldai....campaklah otak lu tu dalam kandang anjing, bagi anjing makan....bahalol...

Anonymous said...

Aku memang sokong segala keburukan Tun Mahathir semasa menjadi Perdana Menteri Malaysia dibongkar sebelum dia meninggal dunia.

Pembongkaran ini bertujuan supaya rakyat yang muda dan yang tua tahu akan keburukan dan kebaikan Tun Mahathir.

Mereka perlu menilai sama ada Tun Mahathir ini pemimpin dan pejuang atau orang ini sebenarnya pengkhianat kepada rakyat Malaysia khususnya bangsa melayu, agama islam dan Negara Malaysia.

Kita tidak mahu memberi penghormatan pada seseorang itu kerana kita diperbodohkan dan ditipu oleh pengampu dan pembodek yang diupah.

Bongkar terus... dan simpan maklumat itu sebagai bukti untuk disanggah bila ada bangsat-bangsat UMNO yang cuba mengubah fakta.

Anonymous said...

anon 11.46

klu anwar kaya raya sekali pun bukankah itu point UMCO utk buktikan yg dia rasuah/salahguna kuasa etc..
kerajaan petik jari jer klu nak bongkar bank statement anwar to prove that anwar korupsi...dan pastinye sejarah 1998 dah terpampang segala 'balance' yg terdapat dlm simpanan anwar..

Anonymous said...

Cacat celi mcm taming sari anggap mahachoot kutty PRECIOUSSS sebab hotak mereka dlm pootki..they need the iblis kutty to suppress,oppress,rob,steal,plunder,loot,enslave the rakyat in order to get lil bil of the saki baki wang rompakan..

Anonymous said...

"Other denials by Mahathir include dismissing Wain's claim that Umno's 40-storey headquarters at the Putra World Trade Centre was financed by public funds and that Umno was broke when Tengku Razaleigh Hamzah stepped down as party treasurer in the 1980s.
I've got a copy of Umno's audited accounts, including (data on) the secret political fund and it shows quite clearly, they had tens of millions of dollars in that account when (Daim Zainuddin) took over," he said to stress the veracity of his facts."
BARRY WAIN

Dats why they need bodoh keldai kambings like tamingsari lah..easy to con..duit rakyat,duit owang umnos sendiri digasak,dijadikan secret slush fund utk mcm mcm..gerenti mereka terlibat dlm urusan dadah,arms trade,macm macm haram..

Anonymous said...

Buku Barry Wain,

http://www.mediafire.com/?m3dgyjz0o0z

password : najibmongolia

-kuda hitam-

tamingsari said...

Ikan Todak.

Kenapa nak langgar singapura?
Terima kasih Sdr.Ikan,menghina orang lain yg memberi panadangannya mungkin budaya sdr. Ringgit kita yerus kukuh. Pernah jatuh tetapi kebijaksanaan kerajaan mengatasi kegawatan ekonomi. Itupun nasib baik kita tak ikut nasihat orang bodoh yg suruh minta bantuan IMF. Hari ini semua mengaku cara kita menangani krisis ketika itu adalah cara yg terbaik. Negara kita memang bes.

Anonymous said...

a very important article..

Corporate Empire vs. The People, Community, and Freedom
By Damon Vrabel Thursday, February 11, 2010

Last week Wall Street firm JP Morgan Chase announced its CEO Jamie Dimon would be paid $17 million for 2009. As a reminder, this is the guy who said on CNBC in February 2009, “we should teach the American people you’re supposed to meet your obligations, not run from them.” So what does a Wall Street firm actually do besides sending its head salesman out to lecture Americans with a subtle threat to pay him as his firm kicks them out of their homes and jacks up their credit card rates? The time has come to reconsider this question before Wall Street destroys any remaining glimpse of a free market and free society.

Unfortunately almost nobody knows what Wall Street does despite its incredible power over everything in the United States and much of the world. Neoclassical economics, i.e. groupthink for the banks, even has the media and the people who work for Wall Street fooled. The AP described Wall Street yesterday as “an essential component of economic recovery”—so much for the idea of a non-captive, free press. NYT writer David Brooks thinks Wall Street firms “channel opportunity to new people.” I’d be curious if those in Argentina, Indonesia, Peru, Iceland, and the small towns of America that have been destroyed would agree with such detached fiction.

Anonymous said...

Debt: The Temporary Illusion of Wealth

Supposedly Wall Street is responsible for making the United States the wealthiest country in the world. Yet, if that is true, how could the US be trillions of dollars in debt? Why is almost every state bankrupt? Why are Americans losing their homes? Why does the lower class have to work multiple jobs to feed their families? Why do both parents in middle class families have to work when one parent could easily support the family fifty years ago? We were told we were making so much progress over those years thanks to Wall Street. What happened?

My apologies for so many questions, but sometimes the only way of making a point so dramatically different from CNBC propaganda is to ask the obvious. Hopefully the questions make it clear that the United States is hardly the richest country in the world. Instead it is the most insolvent, drowning in the most debt. This is because the very core of our money and banking system, headed by the Federal Reserve and cartel member Wall Street banks like JP Morgan Chase, is based on nothing but debt. If only we would have listened to John Adams, “There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.”

So strip away the complex fa├žade of high finance, and it should be clear given the current state of the US economy that Wall Street puts people, businesses, and governments in debt. As opposed to sucking off only the taxpayer as it did after the crash of 2008, Wall Street sucks off both the interest payer and the taxpayer in other years. The more indebted Americans are, the more short-term bonus money Jamie Dimon’s team and the Goldman traders make. When Wall Street would otherwise go bankrupt from excessive debt-based profiteering, the government props them back up because it is also controlled by debt. In fact, the monopolizing Wall Street cartel only exists because of the government. This should smash the prevailing belief that Wall Street as currently structured represents anything close to a free market institution.

The government made a grave error creating the cartel because, unfortunately, the rise of Wall Street goes hand in hand with the decline of America. A bank cartel with government protection, which adds no productive value to the economy but instead sucks value from everything else, eventually hollows out the host upon which it lives. Real value comes from community relationships, effective local governments and businesses, farming, manufacturing, construction, etc. Wall Street, on the other hand, is a massive mining operation that lords over all the people and institutions doing those activities. It is just a different version of the feudal kings of old who staked controlling claims around the world to mine people and resources. Once the Federal Reserve Act created the Wall Street cartel with a permanent controlling stake over the entire system, the American republic was doomed, guaranteed to be converted into a voracious corporate empire in a matter of a couple generations.

Anonymous said...

The Reckoning

After so many years of kicking the can down the road with false growth, a reckoning is now upon us. Credit inflation by definition results in deflation. People are getting ready to leave the casino. Everyone will be in a mad frenzy competing to cash chips in for real value. The last significant deflationary period, the Great Depression, resulted in WWII. One can only imagine what we will face in the next several years.

One aspect of the future that is becoming increasingly clear is the return to something akin to two-tiered feudalism—most of the population, small businesses, and governments awash in debt vs. the small group that benefits from it. This includes the debt owners, their Wall Street servants, their DC servants, and the top echelon of the multi-national corporations that cycle the debt. David Brooks says pointing this out is divisive. Sure. Just like pointing out the difference between slaves and owners in the old South was divisive. Surely he would not be an advocate for the owners back then. Why is he now?

Again, it is not politics, but the simple math of this empire system that rewards those at the top at the expense of almost everyone else. This is why a guy in a power suit who moves numbers back and forth like Jamie Dimon can make $17 million sucking value from the Americans who are losing their jobs, their homes, and possibly their country for good if nothing is done. Such skewed math is the basis of debt servitude, not a free market. Conservatives need to examine this truth and stop cheering for the debt lords, and liberals need to stop supporting the big government that keeps them in power.

Nothing will ever be done at the federal level—both parties are hopeless captives. The solution is to reconstitute local communities because they are self-sufficient, not dependent on the corporate system, and therefore capable of living without the Wall Street mining operation above them. Moreover, state and local governments need to reassert their autonomy and spend money into the system, rather than borrowing it from banks, in order to escape debt prison.

Anonymous said...

Exponential Growth

Due to its compounding nature, having interest attached to all the money in the system creates the need for exponential growth. It must continuously expand. This is why we have seen so many developing countries conquered by debt in the last several decades. A steady state is not possible. Neoclassical economics inexcusably ignores this by implying that our system is driven by production and money is simply a medium of exchange that facilitates it. On the contrary, the very nature of the debt-based money pumped out by Wall Street and the banking system requires growth. We see such growth in ever-expanding shopping malls, ever-decreasing quality of franchise food, ever-increasing number of manufacturers moving offshore to find lower cost labor, and many other ways. These are bad enough. But if growth is not driven by real production that can maintain more stable levels of debt, how else can the system grow?
Credit inflation

An illusion of growth can be created by simply issuing more debt. This is called credit inflation, which is for the most part the type of growth the US economy has experienced ever since 1971 when the dollar was changed to allow for infinite credit inflation. If the banking system is viewed as a casino, credit inflation is passing out extra free chips to everyone, which makes people think they are more wealthy. It certainly makes the casino, i.e. Wall Street, more wealthy as they extract their rigged profit from an expanded game with far more chips, but the reckoning with the truth eventually comes when everyone else tries to cash out their chips. The money will not be there. This is what the world is facing as we approach a massive deleveraging decline in the economy.

Credit inflation spirals total debt out of control because more and more must be borrowed in order to payback all the interest in the system. It is not hard to understand the problem with such a pyramid system—it crashes. Is should have crashed in the 80’s, but the financial system worked overtime to prevent it. Government then changed laws in the 90’s to prevent it again by allowing Wall Street to engage in chicanery that created a near infinite amount of credit inflation—the fraudulent derivatives market. The Wall Street / DC axis of power colluded throughout the 2000’s to continue preventing it.

Anonymous said...

Centripetal Forces

Every major religion warns about the danger of usury, but the secular case against it is even more powerful. It is the most powerful centralizing centripetal force ever invented, and it steadily increases velocity to the point where life becomes nothing but a sprint in a hamster wheel to keep the debt system running. Over time, the simple math results in Wall Street centralizing an inordinate amount of wealth and power while the rest of the economy becomes increasingly indebted—precisely the situation in which we find ourselves today.

Wall Street centralizes wealth by stripping profit from the rest of us who create real value. For example, if farmers make 5% profit, but have to borrow at 5% to fund their operations, they go out of business and the debt owners behind the banks collect all the profit. That is why family farmers no longer exist, while bankers are so well paid for pushing debt around that they buy the farm land and rent it back to the farmers who were driven off of it.

At a 2005 political rally, a divorced woman with three kids told President Bush she worked three jobs in order to fund her family (an example of the extreme velocity of our system) and wondered what he could do about it. He said “Uniquely American isn’t it? I mean that is fantastic.” Wow. Fantastic that it is becoming impossible in modern America to earn enough to feed a family no matter how many hamster wheels a parent spins? No doubt like most politicians Bush has no clue what the problem is, but his ignorance about money and credit makes him an apologist for the monetary system and the Wall Street cartel. When one parent working a standard job fifty years ago made plenty to feed a family, this debt system has brought us to the point where many citizens of supposedly the wealthiest, most advanced nation on earth cannot thrive, let alone survive, without having multiple jobs.

Financiers and their cheerleading press like to scream that this is petty populism. No, it is simple math, math that greatly benefits the top of the hierarchy while impoverishing others. But empathy for those others should compel us to wakeup and recognize the fact that the American republic and many communities around the world are on their deathbeds thanks to an empire system built on debt. Naturally financiers will try to use their platforms like CNBC to shout us down, but it is time to shut them down.

Anonymous said...

The Coming Crash: Usury and the Irrelevant Church
By Damon Vrabel Wednesday, May 12, 2010

imagePlease, let us stop this usury! - Nehemiah 5:10

It’s been a wild couple of weeks—increasing unemployment, Greek debt crisis, yet another ridiculous bailout, pressure on Goldman Sachs, accusations of commodities manipulation by JP Morgan Chase, and new freakish levels of market volatility that might be signaling the next phase of market collapse. The many day-to-day issues can leave us dazed and confused, so most people ignore them. Huge mistake.
They are all related to the most powerful force on earth that controls our lives because it is the very foundation of our society—usury. We are ruled not by governments anymore but by financial powers that use interest-bearing debt to exert control over governments, corporations, and people. Almost all other political issues with which we concern ourselves are secondary symptoms of or purposeful distractions from this larger narrative that is never reported by the Wall-Street-funded media. Sadly the church has remained silent as well.

Explaining the details can be extremely complicated, but the basic core to understand is that the US government issues no money. Instead all money comes from private banking institutions with interest attached. At times in the past the US government issued real money for people to use—US notes and coins. But today all money comes from the Federal Reserve’s private banking system by putting the US government, i.e. 308,000,000 Americans, in debt. If the US government were not in debt to the banking system, the American people would have no money.

Anonymous said...

Comfort of the Middle Class Bubble

Finally, it seems the comfort provided by the monetary system for the great mass in the middle, which is a key part of the church, keeps us from wanting to really think about it. The illusion of peace and prosperity that has lasted for so long has been nice. Some of us even thought we had that comfort because we were better people, so God blessed us. Reckoning with the truth will be painful for those who believe this. The fact is that our perceived comfort today is a result of the darkness of usury. The middle can only exist because there is a bottom that keeps our system afloat. They are the only reason the middle class exists. Moreover, the comfort is currently an illusion because most in the middle class don’t realize how indebted they are. Total unfunded liabilities currently hidden on the government’s financials put each American in an extra $300,000+ in debt that they currently aren’t aware of. That debt comes from the fact that, again, our money comes from usury.

Since the bubble was built on usury, its very existence is immoral, and everyone who participates in it becomes infected. It is also flimsy because usury means the bubble is sustained by debt. Many are already aware of the hollowness of the bubble since it has destroyed the fabric of our communities and a sense of deeper meaning in life. But others are able to ignore that and focus on the material comfort. What will happen to them once the material comfort itself crashes? It will soon. Some market forecasters predict the final collapse of our debt system will be worse than the Great Depression. The math is clear—it will be worse. Just like Greece, we will then see Wall Street paying the government to crackdown on the people, cancel social programs, and take their assets from them to hand them over to the upper class behind the banks. That is the end result of usury—using debt to control others and take their assets so they have no equity. At that point it will be too late for the church to save the lower and middle classes from violent repression and the upper class from their narcissistic detachment from the horror.
“Silence is Betrayal”

So is there a wing of the church that has not yet sold its soul? Is there a remaining Christian voice against usury, or are Muslims the only people in the world who stand against it? The church must wake up to the truth of our system and become relevant again. This is the civil rights issue of the 21st century, only this time it is not black vs. white but a few money pushers vs. the great mass of users. The power of the bond market is getting ready to wreak havoc. We’re all in it together this time. As Martin Luther King said, “There comes a time when silence is betrayal….That time has come for us today.” Will the real church please speak up?

Anonymous said...

The Irrelevant Church

On this issue of monolithic usury, the issue from which many of our other problems spawn, the church seems to have no voice. Recently, an older church leader told me, “Keep it up, this needs to be addressed, but you have more guts than me, I don’t want to be killed.” Sobering comment, to be sure, but in the shadow of Gandhi, Dietrich Bonhoeffer, Oscar Romero, and Martin Luther King, is the church now impotent? Are its leaders now too afraid to speak truth to power, to stand against darkness? Or is the problem that the church is, like most of us, fooled by the myth that we live in a free market so we don’t realize we are immersed in an immoral system of controlling usury?
Lower class Greek citizens are now learning the painful truth about the mythical free market. A few of them have died as the police brutally repress them to enforce the usury system for the rich bankers like Goldman Sachs. Where is the voice of Bishop Romero? “I order you, stop the repression!” Iceland learned the lesson a few months ago. Several other populations have learned the lesson in the past as the controlling debt peddlers punished, conquered, and restructured their countries (Indonesia, Malaysia, Thailand, India, Argentina, Chile, Mexico, England, etc.). The same lesson is coming to the rest of Europe and the United States. But again, the church seems to be oblivious. It failed to heed Martin Luther King’s warning, “One of the great liabilities of history is that all too many people fail to remain awake…today our very survival depends on our ability to stay awake.” The church has fallen asleep.
The Dialectic of Left vs. Right

A possible reason is that the church has been co-opted by the manipulative left vs. right civil war created by the corporate media. In fact, Protestant denominations have split into conservative vs. liberal camps so they war against each other—Wall Street is brilliant at divide and conquer. Some sermons in conservative denominations sound like speeches from conservative politicians. Liberal Christian magazines sometimes seem to be just liberal political magazines with an added dash of Jesus.

Postmodernism should inform us that the left vs. right narrative is contrived to keep people from noticing the real power structure behind Wall Street that controls our lives. As long as the church submits to the false framework, church leaders will be “safe.” But that means they will also be irrelevant because they are not speaking to the primary narrative in our world that has always caused problems and is getting ready to unleash far more pain and poverty in the near future—the issue of monolithic usury and debt servitude. By not speaking against usury, the church has become a pawn of it. So the church has largely been conquered by the same concocted civil war that has divided society.
Dollar Tyranny

Another reason the church may be silent is the simple fact that it depends on money just like everything else does. Since all money in our system comes from usury, it is difficult to even notice it. And what authority would the church have to speak against it since it is itself complicit in it? Anybody or any organization that uses a Federal Reserve Note or a credit/debit card, which everyone must do, is unknowingly participating in usury because, again, all of that money comes from the bonds held by Wall Street. But knowingly or not, how could the church or any organization speak against the very thing that fuels its own existence?

The church’s tax-exempt status may be another reason for the silence. Tax exemption is one of the powerful ways the financial empire system influences and controls other entities. If the wrong person says the wrong thing, the IRS has the ability to suddenly remove the exemption, which doubles the cost of running that organization. The church never should have submitted to such tyranny over what may or may not be said.

Anonymous said...

The exponential math not only creates exponential debt growth, but also exponentially increasing:

* Scale – government and businesses keep getting bigger; we get smaller and local communities lose their meaning
* Velocity – the hamster wheel keeps spinning faster; human life suffers
* Consumption – we buy more and more things that break more quickly
* Production – we make more and more things that break more quickly
* Inflation – the dollar buys less and less; we can’t seem to make progress

None of these things have to happen in an economic system. They only happen in ours because of debt-based money, usury, that greatly benefits the top of the pyramid while everyone else suffers to a certain degree depending on their level in the pyramid.

So this system is guaranteed to fail due to not only the impossible math, but also the fundamental immorality. Taken together those five issues paint a horrible picture. Republicans blame Democrats and vice-versa. Nope. It’s all a very simple result of a system based on usury, which used to be considered profoundly immoral. It was a fundamental violation of every major religion. It still is for Islam, but Christianity succumbed long ago. They thought a free market economic system would be beneficial, but got snookered into thinking that usury had to be part of that system. On the contrary, monolithic usury kills the free market.

Our monetary system is a top-down controlling machine, not a free market. It is run not by government, but by the most powerful financial interests in the world. Some people feel in their guts that someone must be stealing from them because they just can’t get ahead no matter how hard they work. Well that’s because it’s true—someone is legally stealing from them. The simple math of usury pulls money from people on the bottom of the pyramid who create real value toward those at the top who create no value. MBAs and others serving the system must reckon with this truth rather than remaining blind. Farmers understand it well, having lost their property over the years to the bankers. Families feel it in the fact that it’s difficult to get enough money to feed the kids compared to 50 years ago when one parent could work a standard week and feed a family of five. Everyone in the system will feel it once the debt system collapses as it is doing in Greece.

Living off the backs of others was called feudalism 300 years ago. It was slavery 100 years ago. Today it’s called the “free market” thanks to the propaganda and fraud of neoclassical economics. It completely ignores the truth of our monetary system, the math behind it, and the eventual collapse that will result from it. Greece is giving us a glimpse, but it is only a mild pre-game warmup compared to what’s coming. The world will rue the day it was ever seduced into accepting usury and the illusion of prosperity driven by nothing but debt.

Anonymous said...

More technically, the Fed and its Wall Street cartel banks like JP Morgan Chase and Goldman Sachs make billions by doing nothing but controlling our money. They have the monopoly license to create the core money in our system from holding US Treasury bonds on their balance sheets. These bonds represent the debt of the United States. Thanks to interest, the bonds pull a large portion of our wages to the banks. The primary purpose of the IRS is to take your wages to pay the interest back to the banks. In effect, Wall Street owns a good bit of your labor. And the more bonds they hold, i.e. the more debt the population is in, the more money they make thanks to the interest flows and the profits from gambling on your debt. The system is very much one of “us vs. them.” Such is the nature of monopoly power and usury.
Economics and Morality

Controlling others and living off their backs by forcing them to borrow with interest in order to have any money is called usury (this does not include standard, self-liquidating bank loans to businesses to fund production). It is a system that ensures everything we do, whether in the public or private sector, feeds Wall Street and the controllers above it. It creates a two-tiered societal pyramid of money pushers on top vs. money users on bottom. The power differential is huge. Everyone is hostage. In doing something as simple as buying food to survive, we contribute to usury because we only have usury-based money, not real money. Like the slaves who built the Egyptian pyramids, today we are stuck building an invisible pyramid of monetary power.

In such a system there is never enough money to pay back all the interest to the money pushers. The only solution is for the money users—government, corporations, individuals—to borrow more. This is the reason our debt continues skyrocketing to increasingly insane levels. It isn’t about politics, but the fundamental exponential math underlying the system—the users must borrow more and more to pay back interest and keep the system afloat. Such math is guaranteed to fail. Iceland and Greece have reached the point of failure. The rest of the Europe and the US will experience failure as well. Then we will see money and assets vacuumed up the pyramid by the money pushers—the banking establishment that owns the collateral and can take your property.

Anonymous said...

Ikan Todak,

Kenapa langgar singapura? Buat keje bangang. Semua orang tak betul kau je yg bes. Ada je fitnah telan macam blukang makan taik. Bangsa lain merompak,membunuh,menyeludup sampai kaya raya kau tak bising dan melalak. Ashik nak todak je. Kau nyesal ke keluar dari lubang melayu... Orang putih buat tuduhan dalam buku kau percaya.

KOHILAL di kelantan,duit melayu yg orang Pas telan kau gi lah komen pulak.Nama ikan,IQ berok mat ye.

Anonymous said...

Ikan Todak,

Apa kata ko campak pulak otak ko bagi anjing makan, kau lagi bahalol, dok komen pasal isu ni tapi pasal KOHILAL yang terang dan jelas geng berkopiah makan duit tknak pulak ko melalak. Bahlul tahap anjing.


Orang macam ikan todak ni tak boleh beri muka, dia guna bahasa kasar kita kena jawab dengan bahasa kasar. Dasar anjing bodoh, kalau benda yang baik utk rakyat tapi datang dari BN pun korang tentang. Tapi dalam masa yang sama korang guna jugak apa yang kerajaan buat.

Dasar anak haram pencacai, terlalu banyak baca blog pro pembangkang sebab tu otak sempit, taknak merujuk kedua sumber baru buat pertimbangan. Lu memang banggang ikan todak!

Baik ko yang campak otak ko bagi anjing makan, sebab ko tk guna otak ko sebaik mungkin ketika merujuk sesuatu maklumat.

-ikan kering-

Anonymous said...

yaya..rakyat perlu tanggung everything,sebab puak haramjadah feudal elite pikiaq depa TUHAN,RAKYAT HAMBA..masih ingat the go go 90's?Foo weeh..that's the time kechootian puak ultra umnos memuncak..semua nak jadi billionaire..semua nak main syer market..Daims UMNO BARU- AH aka "captains Of Industri" like Tajuddin ramli,the Onasis of Malaysia,mamak kapai bawang mali Amin Shah Omar Shah, all started believing in all sorts of wet dreams..that Tawfik Ismail,son of Tun Dr. Ismail pulak berangan angan nak jadi mcm Carl Icahn..haha..last kali semau f*k up bankrup..and mamak chootia mahagila kutty n his tonto bankrupt sugar daddy damned zainuddin stole,looted to save their punkoq plus the captians of indsutry..

psst..i was told by somone reliable Mirzan n wife attempted suicide when his biznizeh went bust..ini mirzan is a gambling junkie..and his gambling hotspot was the filipinas..

Anonymous said...

Grand Theft Malaysia Print E-mail
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Written by Our Correspondent
Friday, 27 November 2009
ImageMany snouts in the public trough

The Port Klang Free Zone scandal may be big, but it is only the latest in a long line of Malaysian scandals going back to the early 1980s. Time Magazine quoted Daniel Lian, a Southeast Asia economist at Morgan Stanley in Singapore, saying that the country might have lost as much as U$100 billion since the early 1980s to corruption."

The scandals listed below are only a small sample of the looting of the country's coffers:

In July of 1983, what was then the biggest banking scandal in world history erupted in Hong Kong, when it was discovered that Bumiputra Malaysia Finance (BMF), a unit of Bank Bumiputra Malaysia Bhd, had lost as much as US$1 billion which had been siphoned off by prominent public figures into private bank accounts. The story involved murder, suicide and the involvement of officials at the very top of the Malaysian government. Ultimately it involved a bailout by the Malaysian government amounting to hundreds of millions of dollars.

Mak Foon Tan, the murderer of Jalil Ibraim, a Bank Bumi assistant manager who was sent to Hong Kong to investigate the disappearance of the money, was given a death sentence, and Malaysian businessman George Tan who had participated in looting most of the funds, was jailed after his Carrian Group collapsed in what was then Hong Kong's biggest bankruptcy, and a handful of others were charged. No major politician was ever punished in Malaysia despite a white paper prepared by an independent commission that cited cabinet minutes of Prime Minister Mahathir Mohamad giving an okay to a request to throw more money into the scandal in an effort to contain it.

That was just the first Bank Bumi scandal. The government-owned bank had to be rescued twice more with additional losses of nearly US$600 million in today's dollars. Ultimately government officials gave up and the bank was absorbed into CIMB Group, currently headed by Nazir Razak, the prime minister's brother. That scandal, which stretched over several years before its denouement in 1985, set the tone for 24 years of similar scandals related to top Malaysian officials and was the first to prove that in Malaysia, you can not only get away with murder, you can get away with looting the treasury as well.

Anonymous said...

year might be affected by the reported overstatement, as the postal group owned 15.3 percent of Transmile.

Over the years 2001 to 2006, the government had to spend billions to rescue seven privatized projects including Kuala Lumpur's two public transport systems, the perennially ailing Malaysia Airlines, the national sewage system and a variety of others that, in the words of one study, "had been privatized prematurely." The government also repeatedly bailed out highway construction concessionaires, all of them closely connected to Umno, to the tune of another RM38.5 billion.

In 2008, it was revealed that Rafidah Aziz, who had served as trade and industry minister for 18 years, had been peddling approved permits for duty-free car sales and allegedly lining her pockets. Two companies which didn't even have showrooms – one of which belonged to the husband of Rafidah's niece – received scores of permits. Although Rafidah came in for heavy criticism from within Umno, she remained in office until she was defeated in party elections.

In the 1960s, federal prosecutors in the United States who were attempting to jail the late labor boss Jimmy Hoffa for looting the Teamsters Pension Fund of millions of dollars with his cronies were puzzled by the fact that their revelations appeared to have little effect on the union's rank and file. It was because no matter how much money Hoffa and his cronies stole, there was always money left because the fund was so rich. That appears to be the case with Malaysia.

http://www.asiasentinel.com/index.php?option=com_content&task=view&id=2165&Itemid=199

Anonymous said...

Perwaja Steel, for instance, lost US$800 million and its boss, Eric Chia, a crony of Mahathir's, was charged with looting the company. He stood trial, but was acquitted without having to put on a defense.

In the mid 1980s, the Co-operative Central Bank, a bank set up to aid the Indian smallholder community, had to be rescued by Bank Negara, the country's central bank, after hundreds of millions of ringgit in loans granted to a flock of United Malays National Organisation and Malaysian Indian Congress politicians became non-performing. Some had never been serviced at all. Although the chief executive and general manager were charged with criminal breach of trust, none of the politicians were ever charged.

Before that, the Malaysian government was believed to have lost US$500 million in an attempt at Mahathir's urging to corner the London tin market through a company called Maminco, driving the world price of tin from US$4.50 per tonne to US$7.50. It then sought to cover up the loss by establishing a US$2 company called Mukawasa from which allocations of new share issues to the government's Employees Provident Funds' were diverted. Mukawasa expected to sell the shares at a windfall profit to hide the tin speculation.

Mahathir also was behind an attempt by the then governor of Bank Negara, the central bank, to aggressively speculate in the global foreign exchange market. Bank Negara ended up losing an estimated RM20 billion. The governor, Jaffar Hussein, and the head of forex trading, Nor Mohamed Yakcop were forced to resign.

There have been many other political and financial scandals since. In 2005, Bank Islam Malaysia, the country's flagship Islamic bank, reported losses of RM457 million mainly due to provisioning totaling RM774 million as a result of bad loans and investments incurred by its Labuan branch. Cumulatively, Bank Islam ran up nonperforming loans of RM2.2 billion, partly from mismanagement and poor internal controls but also "years of regulatory indifference fueled by the misconceived notion of an untouchable Bank Islam because it was a favorite child of the Malaysian government, being the first and model Islamic bank in the country and region," according to a December 19, 2005 article in Arab News.

"Bank Islam had a reputation in the market for being the spoilt child of the Malaysian Ministry of Finance; and the perception of the bank was more of a Muslim financial fraternity or government development financial institution," the report said.

In 2007, in what was called Malaysia's Enron scandal, the publicly traded Transmile Group Bhd, whose chairman was former MCA President and Cabinet Minister Ling Liong Sik, was caught having overstated its revenue by RM530 million. A pretax profit from Rm207 million in 2006 was actually a loss of RM126 million, and a pretax profit of 120 million in 2005 was a loss of RM77 million, causing the government postal company Pos Malaysia & Services Holdings Bhd to warn that its earnings for the 2006 financial

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