Tuesday, December 21, 2010

Brother Anwar Bin Ibrahim (BABI) almost enslaved Malaysia to the International Monetary Fund (IMF)!

  1. I know them both: Not just saying this. Prime Minister Najib Tun Razak (left) has more mettle and substance as a leader, whileBrother Anwar bin Ibrahim is like a fake Rolex, also pretender the throne who will do anything, including selling the country to the highest bidder, to be the prime minister, no chance in hell mate!



The whole country owes Tun Mahathir a lot. He is a national hero, according to my book, for averting the 1997 Asian Financial crisis to our advantage and that saved Malaysia from being enslaved by IMF!

IMF, one of the nasty tools of neo-Imperialism, to be avoided at all cost, unless if you are Pakistan, Sudan, Somalia or many more failed states of the world!


Prime Minister Dato' Sri Najib Tun Razak said it would be easy to make political promises but reiterated the Malaysian government is a responsible government, and that any decision made under his leadership will be made solely based on realities.

Speaking after officiating Cuepac's 25th convention, he also said on bonus for civil servants, any bonus payments made would depend on the country's economic situation, and that the government must be realistic and not spend more than it earns.

"We cannot borrow to pay civil servant salaries or else we will end up being ruled by the IMF (International Monetary Fund). "What is the use of being independent when our sovereignty is ruled by an international body like IMF?" he said.

Ah yes! The proverbial IMF!

To me Najib was once again reminding level headed Malaysians that had Malaysia succumbed to borrowing from the IMF during the 1997 Asian Financial crisis, Malaysia would have been enslaved today and may be for the next 5o years. You see borrowing from IMF is worse than borrowing from your local Alongs. Malaysia will forever be paying the interest and at the same time our sovereignty and dignity lost.

Having said that and if it weren't for former prime minister, Tun Mahathir Mohamad, we, Malaysia, would have been forever enslaved by the International Monetary Fund (IMF).

If Brother Anwar Bin Ibrahim (BABI), who was in 1997 a former deputy prime minister and finance minister, had his way and was successful in his "suggestion" that Malaysia should "seek" help from IMF to overcome the 1997 Asian Financial crisis, this country would have been forever in the control of IMF.

And BABI, would have been a powerful mandor, not a legitimate prime minister of , but a mandor or a chief slave of a country in real effect controlled by the IMF. Indeed he would have been the most powerful mandor running a country for a foreign power, where he could just roam the country looking for a good looking boys or men to be placed into his stable for his pleasure.
(For the uninitiated, mandor means a chief slave overseeing a bunch of other slaves)

If he had succeeded in enslaving Malaysia, during the 1997 Asian Financial crisis Malaysia and the whole western world would have been his "paradise" for his thirst of unnatural sex which is considered to be against the natural order.

Had not his secret be made public as a final weapon by Tun M, who had known about his sexual preference but couldn't careless as long as he kept it to himself and be a good politician, BABI would have succeeded where no bloody sodomite had ever dream of doing before - that is to be a prime minister under a false pretense!

Had BABI succeeded in overthrowing Mahathir as prime minister and Malaysia went on to seek financial from IMF, the country would have not been able to stave off any attempt by IMF asking for reform in a country which it has in control.

This was what was said about countries that fell into trap the of borrowing money from IMF: "IMF intervention has been roundly criticized. The role of the International Monetary Fund was so controversial during the crisis that many locals called the financial crisis the "IMF crisis".[18] Many commentators in retrospect criticized the IMF for encouraging the developing economies of Asia down the path of "fast track capitalism", meaning liberalization of the financial sector (elimination of restrictions on capital flows); maintenance of high domestic interest rates to attract portfolio investment and bank capital; and pegging of the national currency to the dollar to reassure foreign investors against currency risk.[17]

What Najib trying to say is: Beware of wolves in sheepskin! And to please use the power of our mental deduction, and to try to analyse situations, and not to fall prey for political seduction!

Merry Christmas to all

18 comments:

Anonymous said...

if DSAI is BABI u BARKING MAGPIE must be a DOG!?

Anonymous said...

Spot on magpie bird, you dare say something everyone is afraid to express, yes Anwar is a fake Rolex, like the one you buy at Phat pong, Bangkok!

Genuine Timex!

Anonymous said...

A dog is thousand times better and cleaner than a pig.

A genuine Timex is thousand times better than a fake Rolex.

Fake Rolex will quickly fade, once it run out of battery, it will get thrown out into a dustbin.

Anonymous said...

The IMF, World Bank and the likes are the Antichrist.

Spot on, waghih.

Merry Christmas to all.

Anonymous said...

Playing the same old song over and over again.
Explain to me then why South Korea, Thailand, Indonesia and all those who receive IMF help in 1997 are better off economically today or are they worst off?
Why bring IMF role into political charade?
Why is Malaysia still a member of the IMF and World Bank then?

Anonymous said...

Zarinah is STILL the SC boss. U said before this year. So cant ACCEPT whatever u write. Mite be BULLSHIT

Anonymous said...

please look back at history,all those countries who had borrowed from IMF such as S.Korea,Thailand,Indonesia etc had shown greater improvement in their economies,their FDI ,Physical and structural growth etc in fact they are way ahead of us in every respect.Though we can be proud that we were shielded from meltdown at that period by introducing capital control,we are loosing in the longer term as foreign investors are afraid that our wayward ways will be copied by our future leaders.So which one should we go for,long term gain or short term goal?

Pasquale said...

"Playing the same old song over and over again.
Explain to me then why South Korea, Thailand, Indonesia and all those who receive IMF help in 1997 are better off economically today or are they worst off?
Why bring IMF role into political charade? Why is Malaysia still a member of the IMF and World Bank then? December 22, 2010 2:14 PM"

Sigh, unfortunately I have to deal with a Melayu bodoh like you who cannot think poroperly, everyday of my life! Yes I know you are a Malay from the nuances of your small brain!
Listen to me very carefully, I will only say this once! One can also make money being a prostitute or a gigolo or being a drug pusher! Money is money right!? Wrong!!
South Korea, Thailand and Indonesia - to use your example are superficially doing very well yes. The thing to remember is they are all under the clutch of the super power via IMF. S. Korea will falter economically if its economy is not so tightly wound up around the great USA, the same with Thailand, where even the KIng is not sacred anymore - may be one of the requirements by IMF before Thailand can borrow money to prop up its economy during 1997 Asian Currency crisis? Yes to reduce your people's dependence on the King and to get rid of the Les Majeste rule where criticising the King will have you jailed. And Thaksin Shinatwra was and still an agent of IMF and USA Indonesia, where the while fossil fuel sea bed is controlled by major petroleum companies namely Americans and European. And Singapore, this little red dot is a mistress or a courtesan of the court of the USA to be fucked and screwed at a whim.
Well back to us we strive, and today we are quite respected by the US and other world body for having the chutzpah to tell people off nicely, and we still have our dignity and sovereignty!
For still within the IMF world body or still a member of the UN? It shows we are independent and believe in democracy, and still respected for being unique!
So next time to this particular Melayu bodoh, I will spike your stupid and simplistic assessment of world politics!
The fact that bastards like Anwar Ibrahim can still be around in spite of being a traitor show we are not dictatorship we still believe in freedom of expression....at this point there might be a limit!

Anonymous said...

You are wrong, is the 1% UMNO Malays enslave the other 99% Malaysian. Tun Dr M the ring leader, the mamak in songkok.

Anonymous said...

If what u said is true why did the usa built subang airport for us or u want to forget history.You are the few who like to have ties with the west but when u r back u preach differently.Hypocrytical aint it.

Anonymous said...

dear pasquela,please not be childish try to be professional and not personal as what I wrote was from reports I gather.the summaries are as below..Malaysian GDP growth is expected to decelerate in the coming years and as for 2011..moderating growth rate largely reflected the speed and depth of the economic downturn...GNI is at $660 B..FDI LAST YEAR $5B.FROM wORLD bank........ Thailand....Mark Mobius (chairman of templeton )said..one of the most exciting emerging market will be Thailand,where money will pour in..........From Maybank's economic report it states that"we rate Thailand as an emerging market with high growth prospect which had all this while siuccessfully attracted substantial flows of foreign capital.The main reasons were low corruption and plunging leakages were the key areas........ As for Indonesia it was often stated that the country had been showing solid growth assisted by IMF and the Wrld bank.Their domestic players such as the Banks,food,construction and information firms benefitted from strong economic expansion with xcess liquidity.Futher the published reports had this to say ....foreign monies had continued to flow into Bangkok,Manila and Jakarta thus pushing thier currencies and in all these reports Malaysia was never mentioned..as if the want to shy away from us ........please comment favourably and do not go ballistic

Pasquale said...

"Anonymous said...

dear pasquela,please not be childish try to be professional and not personal as what I wrote was from reports I gather.the summaries are as below..Malaysian GDP growth is expected to decelerate in the coming years and as for 2011..moderating growth rate largely reflected the speed and depth of the economic downturn...GNI is at $660 B..FDI LAST YEAR $5B.FROM wORLD bank........ Thailand....Mark Mobius (chairman of templeton )said..one of the most exciting emerging market will be Thailand,where money will pour in..........From Maybank's economic report it states that"we rate Thailand as an emerging market with high growth prospect which had all this while siuccessfully attracted substantial flows of foreign capital.The main reasons were low corruption and plunging leakages were the key areas........ As for Indonesia it was often stated that the country had been showing solid growth assisted by IMF and the Wrld bank.Their domestic players such as the Banks,food,construction and information firms benefitted from strong economic expansion with xcess liquidity.Futher the published reports had this to say ....foreign monies had continued to flow into Bangkok,Manila and Jakarta thus pushing thier currencies and in all these reports Malaysia was never mentioned..as if the want to shy away from us ........please comment favourably and do not go ballistic December 23, 2010 4:46 PM"

There is more to it the meets the eye, in so far as describing your so-called statistic manipulating IMF assertions when it wants to describe its success of lending monies to third world countries, for a PR reasons. Yes, may be Thailand economy and Indonesia appear to be artificially booming, but yet Malaysia is doing not that bad. Have you been to Indonesia and Thailand lately, well the truth of the matter is these countries still have many slums and poor people living in the streets and under bridges. And sad to say the elites from these two countries cannot be criticized or you will be dealt with harshly, and guess what in this country, if we are not careful, reckless and irresponsible politicians can destroy our already established system where poverty level is at zero tolerance level! So write with your sincere feeling about your country so next time I will not go ballistic your your simplistic anti-Malay inclined thesis appear in my blog!

Anonymous said...

The response of TDM to the 1998 Asian Financial Crisis was cheered on by the Malaysian private sector for their own reasons. Principally, it meant that they did have to restructure and take a hair cut.The sudden injection of public funds brought on problems of their own.You just have to look at the rate of inflation since that crisis. I only returned to Malaysia in 2003 after long service overseas. Since my return I notice that supermarket prices and prices of other essential goods have doubled.

Malaysia was not the first country to try and spend its way out of a financial crisis. Today you see Ireland trying to do the same. And the US and EU are also doing the same through their Quantitative easing which in lay man's language means printing money.In the 1980 many Third World countries also did the same which resulted in hyper inflation and the addition of many many zeros to their currencies.

The financial order governs the social order. Just like an individual the state cannot spend money that it does not have. That money has to be borrowed and paid back with interest. If you default interest rate for future loans will go up. Weak credit evaluation and speculative lending as well as failure to control currency risks contributed to that financial crisis in 1998.The growth of non performing loans and wide spread insolvencies in the financial sector were not addressed and therefore it posed serious threat to the national budget.

At that time too institutional structural shortcomings in the countries concerned were partially responsible for the crisis. The close cooperation between the government and the private sector brought about maket distortions and insulated parts of the private sector from competitive forces and market disciple which TDM was dead against.Yes, the close cooperation between the public and private sector took Malaysia to new heights but at what cost to the economy.Some of that cost is still there today.

Exchange control measures were introduced. If you ask any economist he will tell you that while it is ok to resrtict financial inflows you cannot restrict financial out flows. In the long term exchange controls become ineffective. The expected gains and costs for eveding capital controls will determine the effectiveness of capital controls.Various well known channels- under invoicing exports and over invoicing of imports, black market for foreign exchange,misalignment of exchange rate, slowdown in inward investments and also domestic investments- have been used and documented in evading capital controls. The Philippines had severe capital flight problems in the 1080s despite capitial controls.

In the final analysis we can only survive in this global environment if we channel funds into the productive sectors of the economy ohterwise you will see citizens fleeing form the domestic currency. And no country can withstand when capital of residents take flight to other countries.

We must also be vigilant. We must ensure that in whatever way we spend out money the RM1.00 must work like RM2.00.

Anonymous said...

Haiya

Singapore, Thailand, Vietnam, Philippines ALL lost lah!!

Only Malaysia and Indonesia enter final. NOW Malaysia beat Indonesia 3-0.

So to all anons who show off their reading abilities from trade journals, eat your heart out.

Malaysia will be the winner - no need to quote from economic mumbo jumbo

Wake UP! said...

Malaysia will come out as the champion in the end because we are not indebted to anyone.

Anonymous said...

Hello Wake -up,
Our debt both domestic and foreign is fast reaching the size of the GDP And you say we indebted to no one. Many of our large corporations like MAS KTM LRT are all carrying unsustainable debt And the banks are the one holding most of this paper.So everthing depends if the debt is sustainable.

Anonymous said...

To be precise our debt is at 46% of our GDP and the statement that we did not owe anybody is a fallacy,maybe because all those debts were borrowed from WAKE UP'S grandfather????.Should US dollar appreciates we will be in deeper shit.That is why be more professional in your discussion and please read all trade/economic papers although you don't quite understand them,at least be informed of the latest economic position of our country.It is not wrong to be nationalistic but it must come with balance and objective reasoning.

Anonymous said...

pasquale,

penat je la kau jawab melayu-melayu bodoh tu yang dah terjoblos 'keldaiberlubang'nya oleh 'Brother Anwar Banyak Idiot'.

Yang komen-komen ni biasanya yang dah kaya raya, jual status Bumiputera kepada orang cina/india, tonggang arak macam minum air putih, makan karipap lepas mejolok keldai berlubang dan segalanya la.. nko jangan risau....