Reading global economy news daily make me scared. Most of America’s Bank and Financial Institution collapse. Federal reserve whom previously against in bailing out ailing companies now forced to pork out US$85 billion just to save American International Group (AIG), the world 18th largest company with over presence in 130 countries. It’s share fell 95% to just US$1.25 on September 16 from 52 week high of US$70.13. It’s clear failure sign of Debt Securities financial system.
A New York University Economist Mark Gertler whom worked with U.S Federal Reserve Chairman Ben Bernanke quoted “ This has been the worst financial crisis since Great Depression” . Dow Jones news reported that U.S Financial system resembles a patient in intensive care. The body is trying to fight off a disease that is SPREADING, and as it does so, the body convulses, settles for a time and then convulses again. The illness seems to be overwhelming the self-healing tendencies of markets.
Despite all the scaring economical news and worst ever financial depression our government acting as of we are sailing smoothly knowing FINANCIAL TSUNAMI may hit Malaysia soon. We had been continuously cheated by historical statistics showing Malaysia still preferred hub of foreign Investment though it’s not in real life. It’s Economic Sodomy by current Malaysia government whom continuously misleading us like what our Prime Minister says I’m hearing Grass root voices when in actual fact he is Deaf.
The opposition leaders had challenged Prime Minister Badawi and his Cabinet that they no longer been trusted by elected representatives. Instead taking up the challenge to proff they are wrong he slammed them without referring back to his office weather opposition leaders had send official request . If a Prime Minister of a country can make a such statement in hurry, imagine what he will do to the economic. He will not bother about Rakyat as he don’t even care on the departure of one of it’s component party that part of Important State administration, Sabah.
The suffering faced by Traders at Ramadhan Bazaars throughout nation already a clear indication of dropping consumer spending at the grass root level. The current global economy turmoil mainly due to US President’s ambition to conquer Middle East without listening to what economist said? The same may happen to Malaysia if PM continue his current style of administration. Private Sector will continue to cut their spending in order to be competitive. It will result in more to become Jobless.
SAVE MALAYSIA from being Sodomized Economically
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S Manikavasagam is first time Member of Parliament Malaysia, Kapar(P.109).He stood under the ticket of Parti Keadilan Rakyat(PKR). He also sits in PKR's Supreme Body Council and PKR's Political Bureau Member .




Sep 23, 2008 at 10:17:54
read this article and comments also at mystar citizen blog -
http://blog.thestar.com.my/mystar/view.asp?id=17983