Goebbels-esque RM1 trillion national debt lie

Circulating in Whass App groups today is an expose of the Gobbels-esque lie being spread by Tun Dr Mahathir government ...

Is the RM1 trillion "national debt" propaganda?

Firstly, Finance Minister LGE has confirmed that the official Federal government debt is RM686.8 billion, or 50.8% of GDP - which was what was reported by the previous BN Govt. This figure is exactly how the whole world measures its debt.

Secondly, LGE adds on Government guarantees of RM199.1 billion, or 14.6% of GDP

He says this comprises of Danainfra Nasional Bhd (RM42.2 billion), Govco Holdings Bhd (RM8.8 billion), Prasarana Malaysia Bhd (RM26.6 billion), Malaysia Rail-link Sdn Bhd (RM14.5 billion) as well as an estimated RM38 billion for 1MDB.

Let's take a closer look.

No Nathan Rothchild could avoid a market black hole

Election is over, so do not quite care of politics. Everything is confusing, directionless and at the extreme, it is heedless.

Kedah, Perak and Sabah is still in a turmoil. Conspiracy theory say the days of Tun Mahathir is numbered the moment Agong suddenly pardoned Dato Seri Anwar Ibrahim.

The government with a ruling party with 125 seats and opposition BN with 79 and PAS 18 is not a stable country. The underlying reason Malaysia attracted investments from abroad over the many decades of BN rule is due to political stability and continuity of the ruling party.  

With that changed, foreign investors should look at the transition. Foreign financial media painted a rosy picture of a BN win.

The macro picture that won their heart for Malaysia is expected to change but it could not be done with Tun Dr Mahathir’s loud mouth.

The new Pakatan Harapan government came out from the win with a rather reckless disposition to change everything within a short time and Mahathir could not hold back on executing his revenge towards Dato Najib swiftly.

Lessons to and from India

A former Indian MP turned writer, Sashi Tahoor claimed Malaysian opposition learned from India's experience in bringing down the post-Independent dominant ruling government, the Congress party in bringing down Barisan Nasional.

It is the same phenomenon that saw the end of the dominant Golkar in Indonesia, LDP in Japan and Kuomintang in Taiwan. So it is not for certain that the Indian experience was considered.

And, it is not for certain that the post victory possibility for Malaysia could be any different from India.

Its too early to call as the dynamics is not an exact science determined by macro factors but also filled with the intrigues of individuals and micro factors in the art of politics.

Investors short market in reaction to foul mouth new government

A market player was lamenting yesterday of foreigners not only sold their stock market holdings but went short.

What actually happened is more startling than the report by The Star here of foreign investors selling-off RM2.48 billion worth of shares caused the biggest fall to the Bursa since August 2013.

Singapore's Business Times here reported all the foreign inflow into the stock market for 2018 outflowed within days after the general election.

Prior to the election, foreign analysts forecasted BN to win and were generally supportive of the macroeconomic policies of former Prime Minister, Dato Mohd Najib Tun Abdul Razak.

The BN loss was not taken well by foreign investors who views the unconventional policies by the new government not to their liking and would be disruptive to the Malaysian economy.

Words coming out from the new government leaders does not indicate any intention to win back their confidence.

Watching events unfold

Tun Dr Mahathir was repeatedly defeated by Dato Najib in few battles but he did not give up and took his fight to new boundaries.

The consummate politician and dictator won another political war. Admittedly, we lost.

Though still believe it was a justified decision to leave him and stayed to defend the institution of UMNO and government, it is better to refrain from doing a post mortem.

There is a long list of concerns that came out from election result. The concerns are political, legal, economic and national in nature, but it will have to hold first.

Putting the dictator's campaign of "dendam" and obsession in the right perspective

Lim Sian See's FB posted a message that incapculate the gist of this general election.

A UK based news portal column by Sholto Brnes expanded LSS's message further.

The writer described the poll as more of twist and turn more than a Shakespearean play to topple the government than any substantive policy differences.

The column by The National below:

Even former CJ cynical of Mahathir's political antics

We received a WA of a pdf statement of former Chief Justice, Tun Abdul Hamid Mohamad.

Quite familiar with his writing. The language seemed to be him. More so, the sender is a credible political analyst. It is considered to have come from reliable source.

Written in Malay, the former CJ is cynical in the manner Tun Dr Mahathir ran his campaign and his campaign message and his campaign.

If it was yours truly, some would brush it off as one sided, pro-Najib leaning, and makan dedak.

However, this is coming from one of the two Federal Court judges that favoured the release of Anwar Ibrahim for his first sodomy charge in a judicial review.

Namewee whack Mahathir too ..

This video came out two hours ago and already has more than 32,000 views.

One could only expect Namewee to be critical of government. The interesting part of this video is he is also did a satirical whack of Tun Dr Mahathir.

Equal opportunity critic? He he he ...

Daim "diam" on Tajuddin video, but doing a roadshow

If that was the only response from Tun Daim Zainuddin to video revelation of Tan Sri Tajuddin Ramli being forced to but MAS at the pricey RM8 per share thus, require a buyback option at RM8 per share, it is meek one.

It only tells of a person meeting his Prime Minister to contribute his views, perhaps attempt to establish ties which is in-sync with government policy, and perhaps none of the above but mere friendly courtesy call.

For Daim to response to Dato Abdul Kadir Jasin, it does not add credibility. Kadir seriously  compromised on his journalism integrity with his outright lies, spin and manipulative writings to be part of Tun Dr Mahathir's yet another overthrow the country's leadership.

Nevertheless, such possibility could not be excluded because Kadir would have tried to contact Tajuddin and Daim's son, Wira was at one time trying to get hold of someone's son-in-law.

Still, it is as meek a response by both Daim and Kadir as their silence to revelation by Anina Saabudin of money from Realmild deal going into Mahathir's personal account instead of party account. It opens the possibility that UMNO, Tajuddin and country was rampantly robbed, looted and plundered.

Daim cannot be keeping quiet and not response when he has begun his roadshow.

Explosive Tajuddin Ramli video emerged

On the night of nomination, an explosive video of an anonymous person making comments on Tun Dr Mahathir viral in Langkawi.

It looks, it sounds like, and probably is former MAS Chairman and extraordinaire Malay entrepreneur, Tan Sri Tajuddin Ramli:

The above video reached our handphone from anonymous source. Strange ... we do not vote in Langkawi.

There were more videos to come the following nights.