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Saturday, May 29, 2010

Malaysia akan Bangkrup Setahun Sebelum 2020

Di dalam sibuk-sibuk UMNO menjual idea “Wawasan 2020” rupa-rupanya mereka nak tutup agenda utama mereka: yakni membangkrapkan Malaysia setahun sebelum 2020, yakni 2019.
Rupa-rupanya, Wawasan 2020 ni cerita dongeng yang disebarkan UMNO untuk menutup agenda sebenar mereka: Mengkayakan Kroni dan Ahli Keluarga mereka.

Rakyat dibuai mimpi indah kononnya Malaysia akan menjadi negara maju 2020. Maka, rakyat tidak boleh mempersoalkan tindakan-tindakan Mahafiraun serta Qarun (Daim Zainuddin) membela kroni-kroni mereka dengan duit rakyat.

Kroni-kroni bebas membahagi-bahagikan kekayaan negara sesama mereka. Rakyat cuma mampu duduk dan lihat sahaja apabila kroni-kroni menambah kekayaan mereka dengan duit rakyat. Namun, apabila kroni-kroni terduduk sewaktu 1997, sekali lagi duit rakyat digunakan untuk menyelamatkan kroni-kroni yang hampir bankrap ini.

Apabila ada seorang Menteri Kewangan seperti Anwar Ibrahim secara terbuka menolak “bail-out” serta menggunakan wang rakyat untuk menyelamatkan kroni, maka Menteri Kewangan itu difitnah, dicacai, dipecat, dipukul dan dituduh agen IMF.

Semua atas nama “Wawasan 2020” yang bertujuan membela projek-projek gila Mahafiraun dan Haman serta UMNO.

Sekarang, Najib dah keluar amaran. Pada 2019, Malaysia bakal bangkrap seperti negara Greece. Maka, demi menyelematkan negara (baca: kroni), rakyat terpaksa berkorban lagi dengan penarikan subsidi. Penarikan subsidi ini akan menaikkan harga minyak, harga makanan, harga barangan keperluan, harga susu, beras dsbnya.

Pada waktu yang sama, kerajaan UMNO/Najib tidak akan berbuat apa-apa untuk menaikkan gaji-gaji rakyat yang rata-rata tidak naik banyak semenjak Wawasan 2020 dilancarkan oleh Mahafiraun dan Qarun.

Rakyat mesti bekorban supaya kroni-kroni terus menikmati kekayaan negara. Dengan pembuangan subsidi, UMNO boleh terus memberi direct award kepada kroni2 demi membolehkan kroni2 meratah kekayaan negara.

Rakyat pula terus hidup terhimpit. Pendapatan semakin mengecil, kos hidup makin bertambah. Nak harap pada UMNO tak boleh kerana rakyat bukan kroni. UMNO cuma mahu menolong kroni dan korporat sahaja.

Setiap kali belanjawan, cukai korporat semakin turun manakala harga barangan kepada rakyat makin mahal. Kerajaan UMNO/BN tak pernah berusaha menaikkan gaji rakyat dan membiarkan rakyat terhimpit dan tersiksa.

Itulah Wawasan 2020. Ia mencipta syurga untuk kroni dan korporat manakala rakyat Malaysia terpaksa membayar segala kekayaan dan kesenagan kroni ini.

Atas nama Wawasan 2020, Allah SWT juga diletak belakang demi kepentingan kroni. Demi kroni dan korporat, lesen judi diberi pada Vinsetan. Malahan, sewaktu Qarun (Daim Zainuddin) menjadi Menteri Kewangan berlambak-lambak lesen judi diberikan kepada tokeh-tokeh judi. Wawasan 2020 mengajar kita kehendak Allah SWT TIDAK PENTING. Kehendak kroni dan tokeh judi/arak lebih besar dari kehendak Allah SWT.

Maka, akhirnya, setahun sebelum 2020, negara akan bangkrap hasil dari kerja-tangan UMNO/BN. Itulah dia hadiah Wawasan kepada kita semua. Yakni, sebuah negara yang bangkrap demi mengkayakan kroni.

Tulang Besi

33 comments:

Grand Marquis said...

TB, hang ni tarak baca punya orang la. Kejap sokong IMF, kejap anti-subsidi. Apa hang punya stand ni? Hang tak tau ka antara syarat-syarat IMF ialah penghapusan subsidi. Orang dah bagi link elok-elok dan ada orang siap copy paste kat blog hang pun hang tak baca.

http://socialistworker.org/2001/377/377_08_Indonesia.shtml

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.


Saya pun tak paham apa model ekonomi korang ni. Nak negara kebajikan macam negara sosialist, tapi nak tax dan subsidi macam negara middle east. Memang korang ni berkhayal dalam alam fantasi. Itulah sebabnya selangor dah bangkrap dalam 2 tahun PR perintah. Kalau bagi Malaysia kat PR, tak payah tunggu 2019, 2015 aje dah bankrap.

Tulang Besi said...

Eh betul ke IMF tolak subsidi? Si GM Tak Ori cuma baca sumber ketiga. orang yang dia rujuk tu, sendiri tak faham polisi IMF?

Tapi yang saya baca dari laman IMF sendiri, takda pula dia kata macam tu.

Baca sini.

GM Tak Ori bukan reti pun apa IMF kata.

Dia cuma dengar cakap Mahafiraun atau Qarun (Daim) kononnya IMF jahat.

PAdahal, IMF suruh Malaysia dan negara2 lain jangan bagi "subsidi" pada korporat2 dan kroni2.

GM tak ori marah betul bila orang nak lawan kroni UMNO ni.

Tulang Besi said...

Puak2 UMNO macam GM Tak Ori bukan reti ekonomi pun. Jadi lembu kena cucuk hidung dengan Mahafiruan dan Qarun je.

PErtahan tindakan puak2 UMNO rompak duit rakyat.

Bila kepala dia maki IMF, dia pun maki. Tapi, bila orang tanya kenapa, tak dapat jawab pula.

Ambik cakap orang ketiga yang orang tu pun ta faham polisi IMF.

Hahahahaha sanggup pertahan pemimpin korup dia walaupun kekal jadi bodoh.

Tulang Besi said...


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.


Yang ni pun bohong. Penswastaan bermula waktu Suharto memerintah. Ia adalah polisi kerajaan Indonesia.

Lain kali jangan percaya pihak ketiga bila buat kenyataan. Kan dah malu, nampak sangat kau tak reti ekonomi

Grand Marquis said...

Lagi celaru TB ni. Bila kerajaan kurangkan subsidi petrol, dia juga yang terlompat-lompat marah. Macam nak runtuh dunia.

Bila IMF kata jangan bagi subsidi petrol dia sokong pulak. Apa ni TB? Bila hang nak sedar hang ni dah jadi chameleon yang dah berubah warna sampai tak tau lagi apa warna nak diubahnya.

Lepas tu, hang guna satu artikel umum IMF nak buat konklusi untuk kes di indonesia. Apa jenis punya thesis ni.

Tulang Besi said...

Kesian aku tengok si GM Tak Ori. Tak paham artikel yang saya suruh dia baca.

Pasal penswastaan di Indonesia pun dia tak tahu.

TU masalaah bila bergantung pada sumber ketiga.

Lain yang jadi, lain yang dia paham.

Hahahahaha kelakar mamat ni.

Mana dia salinan lesen judi Vinsetan aku suruh kao bawak tu.

Ada tulis tak judi diharamkan untuk orang Islam?

Grand Marquis said...

TB, hang kan terra English. Takkan itu pun tak faham. Ada dia kata sebelum IMF tu tak de penswastaan?

Bukankah hang ni pelopor "kalau tak sebut maksudnya tak de".

Lagi satu TB, kenapa dalam setiap posting mesti hang ni kena kata orang tak tau ni, tak tau tu. Dari tak tau hadith, tak tau socialist sampai tak tau ekonomi. Ni tektik murahan orang yang tak de hujah yang cuba propagandakan character assassination.

Tulang Besi said...

Untuk pengetahuan kao lagi, syarat penswastaan IMF di Indonesia sebab syarikat2 kerajaan ni (SoE) digunakan sebagai "cash cow" (sumber duit) untuk segelintir kroni dan parti politik di Indonesia.

Macam kat Malaysia la, GLC-GLC digunakan untuk mengkayakan UMNO.

Tu yang Mahafiraun marah sangat dengan IMF. Kepentingan dia terancam dgn syarat IMF.

Tapi penyokong UMNO macam kau, mana reti. Bukan korang paham ekonomi pun, jadi lembu kena tarik hidung je.

SOEs as cash cows
It is hardly open to doubt that many interests are strongly opposed to government divestment of enterprises, whether these are state enterprises of longstanding or enterprises newly acquired as a result of the crisis. Such enterprises are regarded as cash cows that can be used for the enrichment of individuals and, especially, for financing the political parties in newly democratic Indonesia,3 where the name of the game currently is to boost representation in the House of Representatives and the People’s Consultative Assembly. Clearly the argument that ‘the time is not right’ is a convenient cover for these interests
.

Tulang Besi said...

GM Tak ori dah gelabah. Stkt ni, kebodohan kau dalam hadeeth dah aku dedahkan. Atsar dgn hadeeth kau tak tau beza.

Konsep sahih dalam hadeeth pun kau tak tau.

Ekonomi lagi la kau tak tau. IMF punya polisi pun kao tak reti. Dokumen IMF pun kau tak reti.

Yang kau tau jadi burung kakak tua pada UMNO dan Mahafiraun. kao terror jadi lembu kena cucuk hidung.

Lepas tu kau marah orang lain sbeab orang lain tak nak jadi lembu cucuk hidung.

Mana dia salinan lesen judi Vinsetan tu?

Kao yang kata UMNO tak halalkan judi pada orang Islam. Jadi, mesti ada tulis atas Lesen Judi Vinsetan dapat dari Najib tu.

Betul tak?

Wenger J. Khairy said...

Grand Marquis,
Kao ni bodoh tahap gaban. Berapa subsidi petrol? RM 10 billion. Tu pun dikongsi bersama kroni mantan perdana menteri terburuk dlm sejarah. Subsidi tu kecil - yang menyebabkan negara menjadi negara bangkrap adalah bailout yg diberi kpd kroni kroni. Dengan kroni kerajaan begitu baik sekali, tanya Tajuddin Ramli berapa dia dapat? Tanya Nor Mohd Yakop berapa kerugiaan di Bank Negara! Tanya Halim Saad! Tanya Ananda Krishnan! Tanya Eric Chia! Tanya Vincent Tan! Tanya Ting Pek King! Tanya Mirzan Mahathir! Tanya Tun - berapa yg diperbelanjakan utk Putrajaya! Mungkin mereka yg bodoh akan menganggap projek mega dan raksaksa Tun dah habis dibayar. Tetapi hakikatnya - hutang masih belum diperjelaskan.

Jangan tanya bila. Negara pasti bangkrap sebelum 2019 kerana Dr Mahathir yg tak erti ekonomi dan hanya pandai menggunakkan taktik perkaumaan.

Pencacai yg dah kaya tak payah nak menyibuk.

Grand Marquis said...

Hang dok main jaja isu cash cow.

Apakah PAS sendiri tak de cash cow?

Grand Marquis said...

TB terus jaja kata orang tak tau hadith dan atsar, tapi kita tanya dia kisah Umar dan Kain tu hadith ke atsar dia sampai sekarang ni masih tak jawab.

Tapi dia terus kempen dan jaja kata orang lain tak tau hadith.

TB, hang sekarang ni ada kemajuan sikit sebab hang dah belajar cara propaganda Nazi, iaitu

"If you tell a lie big enough and keep repeating it, people will eventually come to believe it."

Tak hairan hang hari-hari, tiap-tiap posting dok ulang benda yang sama. You are so cheap.

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Anonymous said...

wahai chootia anak khankir grand moron..dasar2 tightening KERAjaan butoh hang tu adalah IMF prescriptions...u wait n see..very soon u have too prostitute urself just 2 eat 1 bungkus nasi lemak n air suam 1 gelas..

Anonymous said...

Whats the ratio of subsidi/GDP?lebih kurang 10%?..itupun dak tak mampu..malaysia is an oil producing country..ada macam macm komoditi,plus a thriving manufaturing/trading ekonomi..but dah f*k up!!pasai apa?Pasai chootia haprak ultra auto UBN teringin sanggat nak jadi bill gates..

Anonymous said...

China, Japan and India



IT IS significant of the tendencies of the twentieth century that all its great and typical events should have occurred no longer as in the last few centuries in Europe, but in Asia. The Russo-Japanese war, the Chinese Revolution, the constitutional changes in Turkey and Persia and last but most momentous the revival however indeterminate as yet of the soul of India, are the really significant events of the young century. In Europe except in only one Asiatic corner, there has been no event of corresponding magnitude and importance. The abortive orgy of revolutionary fury in Russia, the growth of enormous strikes, the failure of the peace movement, the increase of legislation stamped with the pressure of a materialistic Socialism, although they may hold in themselves germs of greater things are so far mere indistinct material symptoms of disorganisation and a disease vainly doctored with palliatives, not events of a definite movement of new birth and regeneration. The importance of this new tendency lies in the fact that great events in Europe, even when they are outwardly spiritual, have usually an intellectual or social trend and significance but great events in Asia have a spiritual significance even when they are outwardly intellectual, social or political. Therefore when Asia once more becomes the theatre of the world's chief events, it is a sure sign that a great spiritual revolution, perhaps a great age of spirituality is preparing for humanity.

http://www.sriaurobindoashram.info/Content.aspx?ContentURL=_StaticContent/SriAurobindoAshram/-09%20E-Library/-01%20Works%20of%20Sri%20Aurobindo/-01%20English/-01_SABCL/-17_The%20Hour%20of%20God_Volume-17/-29_China,%20Japan%20and%20India.htm

donplaypuks® said...

"Senator Datuk Akbar Ali of Perkasa, a former director with the Malacca Economic Action Council, went to the extent of accusing the NEAC as a tool used by the International Monetary Fund (IMF) to attack then premier Tun Dr Mahathir Mohamad."MI 29/05/10.

"..dasar2 tightening KERAjaan butoh hang tu adalah IMF prescriptions.." Anon 6.31.

They just can't admit Rosemajib and Jala haven't a clue how to tackle the record national debt of $362 billion caused entirely by UMNO/BN!!

They are passing the buck to the poor Rakyat of Malaysia and trying to blame it on IMF. What a joke. they should blame Mahathir, Badawi and Rosemajib for sending us on a course to 4th world status, below Bangladesh, Zimbabwe and Somalia!!

dpp
we are all of 1 race, the Human Race

Anonymous said...

[Yusufali 54:55] In an Assembly of Truth, in the Presence of a Sovereign Omnipotent.

[Yusufali 6:96] He it is that cleaveth the day-break (from the dark): He makes the night for rest and tranquillity, and the sun and moon for the reckoning (of time): Such is the judgment and ordering of (Him), the Exalted in Power, the Omniscient.

The Real Difficulty



THE real difficulty is always in ourselves, not in our surroundings. There are three things necessary in order to make men invincible, Will, Disinterestedness and Faith. We may have a will to emancipate ourselves, but sufficient faith may be lacking. We may have a faith in our ultimate emancipation, but the will to use the necessary means may be wanting. And even if there are will and faith, we may use them with a violent attachment to the fruit of our work or with passions of hatred, blind excitement or hasty forcefulness which may produce evil reactions. For this reason it is necessary, in a work of such magnitude, to have resort to a higher Power than that of mind and body in order to overcome unprecedented obstacles. This is the need of sādhanā.
God is within us, an Omnipotent, Omnipresent, Omniscient Power; we and He are of one nature and, if we get into touch with Him and put ourselves in His hands, He will pour into us His own force and we shall realise that we too have our share of godhead, our portion of omnipotence, omnipresence and omniscience. The path is long, but self-surrender makes it short; the way is difficult, but perfect trust makes it easy.
Will is omnipotent, but it must be divine will, selfless, tranquil, at ease about results. "If you had faith even as a grain of mustard-seed," said Jesus, "you would say to this mountain, Come, and it would come to you." What was meant by the word Faith, was really Will accompanied with perfect śraddhā. Śraddhā does not reason, it knows; for it commands sight and sees what God wills, and it knows that what is God's will, must happen. śraddhā, not blind but using sight spiritual, can become omniscient.
Will is also omnipresent. It can throw itself into all with whom it comes into contact and give them temporarily or permanently a portion of its power, its thought, its enthusiasms. The thought of a solitary man can become, by exercise of selfless and

Page-178
http://www.sriaurobindoashram.info/Content.aspx?ContentURL=_StaticContent/SriAurobindoAshram/-09%20E-Library/-01%20Works%20of%20Sri%20Aurobindo/-01%20English/-01_SABCL/-17_The%20Hour%20of%20God_Volume-17/-26_The%20Real%20Difficulty.htm

Anonymous said...

Cancerous Disease

Kill the cancerous disease and the patient will survive, likewise get rid of the root cause and the Nation will survive and thrive.

It does not matter what they do because whatever they do will be to no avail. Like RPK said in London, it is no good attempting to treat the symptoms because it just simply will not work. It is the cancerous disease that should be treated. So therefore as long as UMNO is in the driver seat then absolutely nothing could be done. Before anything else, UMNO will first have to line their pockets, then their families pockets, then their cronies pockets and then whatever morsels left to the selected segment of the rakyat. So how much is enough? It does not matter how much natural resources Malaysia possess for come one day these resources will eventually be exhausted. Then what?

Be like Singapore one might suggest. But do our leaders have that mentality and maturity to do so? With the present government – not by an extra mile mate!

So what can we the rakyat do? Well we can change all these just by a stroke of the pen. Quoting RPK, ‘We the rakyat is the boss’. So come GE13 with the stroke of the pen, we could effectively change the government and consign UMNO/BN to the gutter. Well not totally to the gutter but enough to effect them to be the opposition as at the end of the day checks and balances are still needed irregardless of who is forming the government on that day.

Anonymous said...

All countries r suffering frm huge external debts..including Singpore..IMF estimates is on average,debt/GNP ratio of every nation is 57%!!!And our haprak gomen is still borrowing!!for what?To bail out failed GLC's ,for erections?for last miniute stealing/laundering b4 leaving this country?for gomen civil servents gaji?And the austerity measures betui betui berbau IMF!!!yalah..chootia gomen brain died the day that mahapookitaik kutty became PM n whole nation became obsessed with skim cepat kaya..this is the result of excessive greed n avarice!!..food prices gonna explode,everthing going to sky roket n for sure gaji talak naik maah..for sure people must cari ah long,pakai more credit cards thus keeping the vicuous debt cycle alive..for sure our crime akan melonjak,our standerd of living jatuh,the number of people falling into poverty akan berlipat ganda,n bankruptcies gonna increase too!!pendek kata ,situation will become volcanic!!

Anonymous said...

We r witnessing is THE DEATH OF DEBT BASED ANIMAL CAPITALISM..France became technically bankupt on may7th!!..and this affliction is now spreading all over the world,and will affect those heavyly in debt gomens, n countries that have high inequlaity/wage income disparity like ours,Singapore..haha..Banggaldesh,indian subcontinet GINI is far lower then ours..and Bangladesh has pioneered someting unique which is being adopted in 1st world countries which is microfinancing for the hardcore poor(those who cretad KIVA were inspired by Bangladesh's nobel prize winner n father of microfinancing DR MOhamamd Yunus!!)..Our angan2 is evaporating..its now reality bites time!!..

Anonymous said...

Insulin giant pulls medicine from Greece over price cut

By Malcolm Brabant BBC News, Athens

The world's leading supplier of the anti-diabetes drug insulin is withdrawing a state-of-the-art medication from Greece.

Novo Nordisk, a Danish company, objects to a government decree ordering a 25% price cut in all medicines.

A campaign group has condemned the move as "brutal capitalist blackmail".

More than 50,000 Greeks with diabetes use Novo Nordisk's product, which is injected via an easy-to-use fountain pen-like device.

A spokesman for the Danish pharmaceutical company said it was withdrawing the product from the Greek market because the price cut would force its business in Greece to run at a loss.

The company was also concerned that the compulsory 25% reduction would have a knock-on effect because other countries use Greece as a key reference point for setting drug prices.
'Insensitive'

Greece wants to slash its enormous medical bill as part of its effort to reduce the country's crippling debt.

International pharmaceutical companies are owed billions in unpaid bills. Novo Nordisk claims it is owed $36m (£24.9m) dollars by the Greek state.

Pavlos Panayotacos, whose 10-year-old daughter Nephele has diabetes, has written to Novo Nordisk's chairman to criticise the move.

"As an economist I realise the importance of making a profit, but healthcare is more than just the bottom line," he wrote.

"As you well may know, Greece is presently in dire economic and social straits, and you could not have acted in a more insensitive manner at a more inopportune time."

The Greek diabetes association was more robust, describing the Danes' actions as "brutal blackmail" and "a violation of corporate social responsibility".

The Danish chairman, Lars Sorensen, wrote to Mr Panayotacos stressing that it was "the irresponsible management of finances by the Greek government which puts both you and our company in this difficult position".

People with diabetes in Greece have warned that some could die as a result of this action.

But a spokesman for Novo Nordisk said this issue was not about killing people. By way of compensation, he said the company would make available an insulin product called glucagen, free of charge.

Anonymous said...

The Ben Bernanke Survey

I’m curious for your opinion about why Ben is doing this. Reply in the comments below with your answer to this multiple choice question: Who is Ben Bernanke?

1) Honest – he actually believes what he says though he’s wildly wrong. He’s still a Harvard kid getting gold stars on his homework as he repeats the fraudulent religion known as neoclassical economics.

2) Dishonest – he knows he’s just protecting the powers behind the Fed system and furthering their global restructuring plan by threatening the politicians with more boom-busts if they try to serve the people.

3) Insane – he’s not in touch with reality.

Folks like Jim Rogers, Marc Faber, and Peter Schiff promote #1, the idea that he’s a clueless theoretician repeatedly making mistakes. No doubt there was a time when he was just a bright-eyed overachiever being pumped full of theory disconnected from reality. But these guys ignore Ben’s comments in Japan. He makes it clear that he knows exaggerated low interest rate policies cause major problems, i.e. he’s not ignorant, but he engages in them anyway! So again I ask what’s really going on?

Feel free to disagree, but #2 is my answer, which means we need to stop believing Rogers, Faber, and Schiff that he’s a pedantic bureaucrat. That’s pure spin that reinforces the idea there’s no strategic plan behind what the G20, IMF, BIS, and Fed are doing in response to the coordinated actions of Rubin, Summers, Paulson, Geithner, Greenspan, AIG, JP Morgan Chase, Goldman Sachs, etc. Those who promote #1 are suggesting that these folks, all part of the elite Council on Foreign Relations (CFR), are basically randomly screwing up a kids’ game of checkers. No chance. The fact is we are in the mist of a global chess game being played above the heads of national governments in which debt and leverage are used to restructure the world under a new global money and banking system (video: Emerging Global Empire). I suggest Bernanke’s sole purpose is to hide the real role the Federal Reserve has played in this game while also helping to keep Congress from asserting its power.

Anonymous said...

Guest Post: Central Banking vs. the Republic and the World
May 29th, 2010 by Damon Vrabel

(please take the Bernanke survey below)

A couple days ago in Japan, Ben Bernanke said that the benefits of low interest rate policies that politicians want “are not sustainable and soon evaporate, leaving behind inflationary pressures that worsen the economy’s long-term prospects……thus political interference in monetary policy can generate undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation.”

[pause inserted so you have time to pick your jaw up off the floor]

We are now in the midst of one of the biggest boom-busts in history, all under the Fed’s watch, caused by its multi-decade low interest rate policy among other things, yet that is the scenario he says government oversight would cause! So what’s really going on here beneath Ben’s Harvard veneer?

He is trying to scare us with a fabricated boogie man—the idea that your elected leaders might do in some imaginary future what the Fed has already done in the unimaginable present. He wants you to be scared of this republic’s legislature reclaiming some power back from the financial empire that runs the global corporate system, and the US government from behind closed doors (article: Wall Street Empire). In other words, he wants you to continue submitting to financial dictatorship rather than rediscovering the principles of freedom, distributed power, and effective government. Will you choose submission or discovery? As more and more people are realizing, we are now in one of the most critical moments “in the course of human events.”

We have seen this moment before, especially from Hollywood. It is the WALL-E moment when the captain of the starship Axiom (our elected leaders) finally wrestles power back from Auto (the Fed cartel on Wall Street) and restores life by saving humanity from its TV programming (our media). It is the Gladiator moment when General Maximus wakes up to the imperial enemy and commits himself to restoring the republic. It is the Star Wars moment when Darth Vader chooses life for his son and the republic by throwing the emperor to his death. Which will you choose? Will real life turn out as well as fiction? Or will Ben’s scare tactics keep you in fear?

Anonymous said...

Mathematical con: Basing a currency on nothing but interest-bearing debt as the Fed system does creates the need for perpetual exponential growth (video: Culture of Empire part 1). This feels like a good thing at first, but eventually the accompanying perpetual inflation becomes clear (Bernanke admitted this in Japan by also saying central banks target 2% inflation—a huge indicator economists ignore that the system is unsustainable—a stable system would target zero). The perpetually increasing debt eventually becomes shocking–just look around the world. The perpetually increasing scale and velocity of the system starts causing profound harm (Part 2 and Part 3). Exponential systems are guaranteed to crash. The eventual reckoning with the impossibility of exponential math is not pretty, and we are now entering the reckoning phase for our system (Chris Martenson video on Exponential Growth).

Economic con: Oligarchic monetary systems tend toward a 2-tiered society, money pushing rulers vs. money using servants who scramble to pay the rulers back plus interest. The ruling financial class eventually takes over the productive economy and then parasitically destroys the host upon which it lives as gambling and speculation replace savings and production as the engine of growth. Such is the power of a monetary system based on nothing but debt (Michael Hudson video).

Moral con: A debt-based monetary system enshrines usury, i.e. living off the backs of others by doing nothing but subjugating a population to systemic interest-bearing debt. So the foundation of our monetary system under the Federal Reserve is built upon immorality (article: Usury and the Coming Crash).

Philosophical con: Related to the moral and economic cons is the philosophical ideal of freedom. An oligarchic monetary system forces the great mass of the population into servitude. It effectively creates a predator/prey structure in society. In a system based purely on debt, the banking powers are able to super-inflate the system to drive up asset prices, and then deflate the system sucking value and assets up the pyramid to consolidate power. We saw this over the last 10 years. This is the biggest and brightest example of why Jefferson said “banking institutions are more dangerous than standing armies.” It’s also the best example of why the Constitution demands that government regulate the currency.

Anonymous said...

Central Banking: Pro or Con?

The media likes to claim that voicing opposition to the Fed is lower class populism. But of course the media doesn’t think. It just promotes left or right groupthink for the few corporate powers that own the media. They don’t want you thinking about the question of a central bank. If they did, we might better understand the pros and cons.

The pro is that without a central body regulating the value of currency, thousands of banks across the country would be randomly cranking credit up and down resulting in economic turmoil. True. Some of the founders understood that without a controlled currency, private banking institutions could profit massively off whipsawing the people, which is why Article 1 Section 8 of the Constitution says the government should regulate the value of the currency. But of course we know this pro doesn’t apply to the Fed structure because the most extreme periods of economic turmoil have happened since it was created.

The problem with this pro is the first con of the Fed’s form of central banking—it puts currency control in private hands. Rather than the Fed having power over the banks, its structure actually gives the primary dealer banks (mega firms like JP Morgan Chase, Goldman Sachs, and many foreign banks) significant power to tell it what to do. Entrenched powers behind these firms working together in cartel groups like the New York Fed and CFR have far more leverage than the president, i.e. an individual with no financial experience who rotates into office for a short period of time completely surrounded by bankers and their allies. The entire purpose of the Constitution and having a republic, despite its flaws, was to put power in the hands of the public vs. a concentrated private oligarchy. But the Fed system creates such an oligarchy, as many Americans now see since the crash of 2008.

Anonymous said...

olution

So how can we get the one pro of a central monetary authority regulating the value of the currency without any of the cons above? Do precisely what Ben says we shouldn’t do—reestablish the republic by putting currency regulation in the hands of public officials as the Constitutions says. If a country doesn’t have a sovereign currency, it doesn’t have a sovereign government. We are learning that painful lesson now as we see Greece being attacked and taken over by financial institutions. The same thing has happened to many countries in the past and it will happen in the future if governments don’t take charge. At that point everyone will know the truth—governments are held hostage by private financial interests. But more and more Americans are realizing the truth now and pushing for change.

However, the change is not as simple as ending the Fed. Without a transition plan, that would cause a disaster since it is the basis for the money supply. The key is to nationalize the Fed, and possibly its primary dealers during the transition phase, to keep them from holding us hostage with the threat of collapse. Then with honest public officials in Treasury and other agencies that don’t represent Goldman Sachs and the rest of the financial cartel—people like William Black, Brooksley Born, Janet Tavakoli, Michael Hudson, Eliot Spitzer, Harry Markopolos—it will be possible to restructure the monetary system. Other components of the solution involve the US Treasury printing sovereign US notes, state banking systems like North Dakota to restore state power, etc. (see details at Freedom’s Vision)

Just a short time ago things felt hopeless because, as Martin Luther King warned, “One of the great liabilities of history is that all too many people fail to remain awake through great periods of social change.” But the republic has heeded his call. It is awakening. Restoration is on the horizon, and that’s a good thing for America and the rest of the world.

Anonymous said...

Jgn lupa co founder of Quantum headge Fund,Jim Rogers will b comin to KL next month..dont forget to ask him bout our countries austerity measures,our debt levels ok

Anonymous said...

The world teeters on the brink of a new age of rage

By Simon Schama

Published: May 22 2010 03:00 | Last updated: May 22 2010 03:00

Far be it for me to make a dicey situation dicier but you can't smell the sulphur in the air right now and not think we might be on the threshold of an age of rage. The Spanish unions have postponed a general strike; the bloody barricades and the red shirts might have been in Bangkok not Berlin; and, for the moment, the British coalition leaders sit side by side on the front bench like honeymooners canoodling on the porch; but in Europe and America there is a distinct possibility of a long hot summer of social umbrage. Historians will tell you there is often a time-lag between the onset of economic disaster and the accumulation of social fury. In act one, the shock of a crisis initially triggers fearful disorientation; the rush for political saviours; instinctive responses of self-protection, but not the organised mobilisation of outrage. Whether in 1789 or now, an incoming regime riding the storm gets a fleeting moment to try to contain calamity. If it is seen to be straining every muscle to put things right it can, for a while, generate provisional legitimacy.

Act two is trickier. Objectively, economic conditions might be improving, but perceptions are everything and a breathing space gives room for a dangerously alienated public to take stock of the brutal interruption of their rising expectations. What happened to the march of income, the acquisition of property, the truism that the next generation will live better than the last? The full impact of the overthrow of these assumptions sinks in and engenders a sense of grievance that 'Someone Else' must have engineered the common misfortune. The stock epithet the French revolution gave to the financiers who were blamed for disaster, was "rich egoists". Our own plutocrats may not be headed for the tumbrils but the fact that financial catastrophe, with its effect on the "real" economy came about through obscure transactions designed to do nothing except produce short-term profit aggravates a sense of social betrayal. At this point, damage-control means pillorying the perpetrators: bringing them to book and extracting statements of contrition. This is why the psychological impact of financial regulation is almost as critical as its institutional prophylactics. Those who lobby against it risk jeopardising their own long-term interests. Should governments fail to reassert the integrity of public stewardship, suspicions will emerge that, for all the talk of new beginnings, the perps and new regime are cut from common cloth. Both risk being shredded by popular ire or outbid by more dangerous tribunes of indignation.

Anonymous said...

At the very least, the survival of a crisis demands ensuring that the fiscal pain is equitably distributed. In the France of 1789, the erstwhile nobility became regular citizens, ended their exemption from the land tax, made a show of abolishing their own privileges, turned in jewellery for the public treasury; while the clergy's immense estates were auctioned for La Nation. It is too much to expect a bonfire of the bling but in 2010 a pragmatic steward of the nation's economy needs to beware relying unduly on regressive indirect taxes, especially if levied to impress a bond market with which regular folk feel little connection. At the very least, any emergency budget needs to take stock of this raw sense of popular victimisation and deliver a convincing story about the sharing of burdens. To do otherwise is to guarantee that a bad situation gets very ugly, very fast.

So we face a tinderbox moment: a test of the strength of democratic institutions in a time of extreme fiscal stress. On the one hand, we should be glad that the mobilisation of public energy inelections can channel mass unhappiness into change. That is what we must believe could yet happen in Britain. Elsewhere the outlook is more forbidding. In the sinkhole that is the Eurozone, animus is directed at unelected bodies - the European Central Bank and International Monetary Fund - and is bound to build on itself. Those on the receiving end of punitive corrections - in public sector wages or retrenched social institutions - will lash out at their remote masters. Those in the richer north obliged to subsidise what they take to be the fecklessness of the Latins, will come to see not just the single currency, but the European project as an historic error and will pine for the mark or franc. Chauvinist movements will be reborn, directed at immigrants and Brussels dictats, with more destructive fury than we have seen since the war.

The same kind of pre-lapsarianromanticism targeted at an elitist federal authority is raging through the US like a fever. The best way to understand the Tea Party, which has just scored its first victory with the libertarian Rand Paul defeating the choice of the official Republican party, is to see it as akin to the Great Awakenings and the Populist furies of the end of the 19th century. There are calls to abolish the Federal Reserve or in some cases Social Security, fuelled by the conspiratorial belief that it was an excess, not a deficit, of government regulation that brought on the financial meltdown. Claims that Washington has been captured for socialism are preached on right-wing talk radio as gospel truth. As they did in the 1930s with Father Coughlin, the radio demonisers are pitch-perfect orchestrators of hatred for listeners in bewildered economic distress.

Anonymous said...

Against this tide, facts are feeble weapons. When Senate Republicans succeed in briefly blocking financial regulation by representing it as an infringement on liberty not as a measure minimally needed for the security of the commonwealth, you know the mere truth needs help from the Presidential Communicator-in-Chief. He is back on the stump, but as with the case for healthcare reform, his efforts are belated and cramped by misplaced obligations of civility. But if his government is to survive the November elections with a shred of authority, it will need Barack Obama to be more than a head tutor. It will need him to be a warrior of the word every bit as combative as the army of the righteous that believes it has the Constitution on its side, and in its inchoate thrashings, can yet bring down the governance of the American Republic.

The writer is an FT contributing editor and author of Citizens: A Chronicle of the French Revolution

Copyright The Financial Times Limited 2010. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.

Anonymous said...

Kalau kita kira balik pelbagai skandal kewangan,projek-projek mega yang hangus, pembaziran,rasuah,salah guna kuasa,teliti laporan AG sejak zaman Mahathir hingga zaman Najib,baru kita tahu kemana perginya harta negara dan wang rakyat.
Subsidi hanya merupakan jumlah kecil dan oleh kerana negara punya pelbagai sumber kewangan yang menguntungkan adalah wajar rakyat menerima sedikit faedah dari kemakmuran negara.
Satelah lebih dari 50 tahun menjarah harta negara sekarang baru tahu dan baru nampak kesannya.


abc

Anonymous said...

I am doing research for my college paper, thanks for your great points, now I am acting on a sudden impulse.

- Kris

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