Thursday, July 11, 2013

My Way, The UMNO Way (Reproduced without permission...I am sureHantu Laut does not mind!)

 

(Note by BM:I  hope every relevant member of Umno, including the top hierachy, will read this piece reproduced withour permission from Hantu Laut  blogsite...what he said is true, Umno is not a private club if we do not act or change fast now we are a GONER, or simply put, we are fucked!) 

 

 

By Hantu Laut

Change, reform, transformation, reconstruction, renewing, or whatever name you want to give it,  if you take no effort to do what you promised, you'll eventually be fucked! No! I am not going to spell fuck as f@##k as those who want to be seen to be politically correct. If you are fucked, that's it, you are finished, your are done with!

Kaput!

If it is not now, it's a matter of time, it'll come. Reform and transformation are words that have been tossed around since Godfather Mahathir left the scene and the wimps took over and with a whimper of a promise, promised change that they have no desire to carry through.  

Frankly, I think UMNO had no desire to change, UMNO is stuck in the quagmire and hellbent in running the country as they deemed fit, the UMNO ways. I think there are many like me, the unacknowledged bloggers that have been supporting their cause for nothing and are tired and have had enough of defending people who have no desire of returning this country to the right path.  

UMNO must change! How many times have we heard this word uttered whenever the party's barometric level goes up and stormy weather looms ahead? Former Prime Minister Ahmad Badawi had said it many times since the black day of March 2008, but nothing had came out of it. 

The only change that happened was changing of the guard in UMNO from Badawi to Najib, who like his predecessor had also uttered "CHANGE" umpteen times, yet change remains elusive. Now, the Malay first, Malaysian second Deputy Prime Minister says the same thing that "UMNO must change if they want to stay relevant" Will they ?


No, not exactly, those are pretences and propaganda that are now losing its lustre. Many leaders in UMNO seemed to think upsetting the Malay masses would be disastrous for UMNO, which are pretences and propaganda to hoodwink the Malay masses, particularly, in the rural and semi-rural areas. T

he Malays in the streets knew they have always been taken for a ride and always get raw end of the deal and more often than not would have not benefited from the "ketuanan Melayu" bullshit. The NEP had been completely abused to serve the interests of UMNO leaders and warlords. 

Maintaining the status quo had become so irresistible to these leaders, come what may, they will not change. Even a low ranking UMNO leaders can make millions if he knows which apple to polish.One have to go round the country to see the sub-standard and shoddy works of completed government projects that have gone through the UMNO laundry machine.

One can see the obvious of the extent of power and influence of the UMNO warlords by the Prime Minister's recent action of appointing those dropped at the last elections with cosy and rewarding jobs in GLCs and other government agencies.

UMNO elected members continue to show their revolting habit and lack of intellectuality by asking anyone that criticises the government or Malay rights to migrate to other countries. How much shallower can you get with this kind of response?

UMNO has plenty of these all brawn and no brain MPs. Even half a Rafizi they don't have. Najib, whom many had been looking forward to execute radical changes had been a big disappointment so far. With such poor kick start can we expect him to bring about meaningful changes?

He is still surrounded by the same old people, the same old politics of patronage, cronyism and nepotism. He has to pay tributes to these self-serving bloodsuckers and re-appoint them to other pivotal positions.

His Temasek wannabe sovereign vehicle 1MDB had become the butt of jokes and laughing stock of the financial world after paying the highest fee ever of 7.7 % of the face value of the bonds to Goldman Sach for underwriting fees. The industry average for that year was 1.32 % for junk bonds.  

The Malaysian government had given a "Letter Of Comfort" to Goldman Sach, which did not amount to a guarantee, but for all intents and purposes was not necessary and is a useless piece of document, because 1MDB is wholly owned by the Malaysian government and in the event of a default the Malaysian government, with or without the letter of comfort, will have no choice, in order to save its credit rating and credibility, will have to make good the default and that will be taxpayer's money out of the window. 
   
The people at Goldman Sach know it, the people at 1MDB don't. I presumed the bonds are US$ denominated and the currency can go north or south making the bonds vulnerable to foreign exchange currency fluctuations. If the US$ goes north at maturity than bad luck for 1MDB, the Malaysian government and the Malaysian people, there could be huge forex losses.

It may not too late for Najib to kick asses at 1MDB, remove those morons and replace with people who know the industry well. No change? I can't foresee BN, or rather UMNO winning the 14th GE. UMNO may still be able to keep the rural Malay votes in the Peninsula, but Sabah and Sarawak will be gone.

No more fixed deposit for BN. There will be no more BN by then, just UMNO against the rest of the country. The erosion of KDM votes in the 13th GE in Sabah is a prelude to complete desertion in the 14th GE. The same scenario prevails in Sarawak. From now on this blog will post less of local politics and more of blast from the past....... articles from the archives of the international press on the history of this region.

Many of you would know the song "My Way" made famous by Frank Sinatra. Even former Prime Minister Mahathir Mohammad know how to sing it. I am sure many UMNO members can also sing the song.
  Read the original here!







1 comment:

Shadow Banker said...

I think 1MDB is doing a fine job. Give them credit and don't be overly critical