Monday, June 23, 2008

Who Is The Richest Man In Malaysia? It Is Not Robert Kuok ...

Matthias Chang
Future FastForward, Monday, 23 June 2008 05:24

The Myth of the Richest Man

The Badawi spin doctors since last year have on at least four occasions published the list of the 40 richest men in Malaysia and heading the list is Robert Kuok of the Shangri-la Hotel chain fame.

Everyone seems to accept this pronouncement as Gospel truth!

But this is a lie, a lie perpetrated to divert attention and the spotlight on the two men who controls the Malaysian economy.

The 2nd richest man in Malaysia is none other than Tun Daim, but he is never on the list of the rich and famous.

But my focus is not on him.

I want the spotlight to focus on the actual richest man in Malaysia.

He is none other than Abdullah Ahmad Badawi, our Prime Minister. Badawi’s financial tentacles reach far and wide and within four years, his family and cahoots have amassed a fortune second to none.

How did Badawi and his family become so rich in such a short period of time?

This is the multi-billion dollar question.

Simple! By abusing his powers as Prime Minister and as Finance Minister!

The Rothschild’s Game Plan

Mayer Amshel Bauer Rothschild, the founder of the Rothschild money empire said:
“Give me control of a nation’s money and I care not who makes the law.”

And over the years, the Rothschild dynasty and its global affiliates have applied this principle so successfully that they control the US Federal Reserve and other strategic central banks.

They are the global money power!

The Money Powers of Badawi

It is strange how people forget or rather ignore the fact that Badawi is also the Finance Minister.

The combined powers of a Prime Minister and that of the Finance Minister have enabled Badawi to harness all the financial resources and control levers of the national money-making machine.

No doubt, the precedent was set by Tun Dr. Mahathir Mohamad. But you will recall that it was only after the 1997 financial crisis and the abuse of power by Anwar Ibrahim as Finance Minister, and his slavish adherence to the IMF, World Bank and the Washington Consensus, that compelled Tun Dr. Mahathir Mohamad to take over the Ministry of Finance, so as to put right the economy.

Under the guidance of Tun Dr. Mahathir Mohamad, the economy recovered rapidly and by the fall of 2003, we had a robust economy that enabled Badawi to call for the March 2004 General Elections. Badawi’s enormous election victory was grounded to a large extent on an economy that had fully recovered from the turmoil of 1997/1998 crisis.

Badawi and his family, specifically his son and son-in-law and key advisers realised upon taking power that they have in their hands all the control levers of the national money-making machine – the levers that control Bank Negara (the central bank) and Petronas, the national oil company.

Obviously, there are the subsidiary levers that control the various government agencies that have been established to assist the national money-making machine.

All the Positive Data, But …

Every other week since March 2004, we have been inundated with positive data as to how robust is our economy. The Governor of Bank Negara never ceased to remind us that inflation is low and under control. I have to assume she does not go to the market to purchase food for her family - such chores must have been delegated to her maids etc.

Then there is the bravado and hype of the various development corridors amounting to a massive RM1.3 trillion.

But ask any businessmen, and they all moan and groan about the lack of direction, the loss of economic momentum and the slowdown in the collections of receivables.

How does one explain this phenomenon?

Let me explain. During Tun Dr. Mahathir Mohamad’s tenure as Prime Minister, our economy was like a car cruising at a constant speed of 120 kph after 22 years of building up the speed and momentum. We were experiencing a steady and comfortable ride.

Applying the laws of physics, a matter in motion has its own momentum, but if the momentum is not maintained, it slows down and then comes to a halt.

This is exactly what is happening to our economy. It is now moving but at a slower rate, in fact decreasing rapidly because the Badawi regime did not maintain the previous momentum.

The Badawi regime, instead of applying the levers of the national money-making machine to accelerate the development of the country, has diverted the resources for self-enrichment. The ensuing disaster was compounded by gross negligence and mismanagement by his advisers, the so-called smart wannabes on the 4th Floor!

This small band of crooks, led by Badawi and his family has initiated a process of self-enrichment and plunder. This disease has now infected the top echelons of the national elites in both the public and private sectors – everyone for himself - the cari makan, jaga perut mentality!

What Are the Chances of Recovery?

The damage to the economy by the Badawi regime is so extensive and the disease so widespread, that it will take at the minimum, ten years to recover from the present state of affairs and this is conditional upon Badawi stepping down before the 2nd half of this financial year.

This is because the present situation will be further aggravated by the impact and consequences of the global financial tsunami! The 2nd phase has been predicted by the experts to commence in less than 90 days!

But if the Badawi regime is allowed to survive and continue its plunder and gross mismanagement, Malaysia as a nation will end up as a failed state.

The Bumiputera community will suffer the most and because its fate is so tied up with the non-bumiputera economy, the entire edifice will implode and we will witness social upheaval never experienced by our beloved country.

Bring Back the Plundered Billions!

For a start, the entire nation must demand from the Badawi regime, its web of collaborators and “bankers” to repatriate the billions that have been siphoned and stashed overseas in numbered accounts in foreign banks.

The Bumiputera community must demand from the Badawi regime that they cease immediately the destruction of the Bumiputera economic and financial crown jewels.

30 years of the NEP has enabled the Bumiputera community to create and establish successful economic and financial entities, the pride of our nation. Proton is just one example of these sterling achievements.

If the Bumiputera community fails to reclaim its dignity and proud achievements, do not thereafter blame the non-bumiputera community and the foreign governments for not according you the respect you so deserve after more than 30 years of sweat and toil.

Take heed of my observations for they reflect the objective truth. Ignore them at your peril.

If you, my brothers and sisters fail, then I fail as well.

Therefore let us unite to resolve this national disaster.

Remove the malignant leadership!

1 comment:

bwh said...

Stupid analysis. Anwar doesn't abuse any power as finance minister except the kangaroo court orchestrated by mahathir, the mother of all fuckers, says that. Mahathir and Abdullah are the same breed.