2. A few of the articles tried to defend the Malaysian Government’s action but mostly the blame for the crisis was attributed to the alleged failure of the financial and economic management of Malaysia. Practically no one has implicated the currency traders for the devaluation and the crisis. Even the writers who are friendly towards the Malaysian Government refuse to blame the currency traders.

3. Many are the reasons put forward by the writers to explain the crisis. It is alleged that the stock market boom contributed to the loss of confidence in the Malaysian economy and the Ringgit. Some blame the failure to rationalise and consolidate the banking systems. Others suggested that too much money had been channeled to the property sector. The other causes identified were the total loan-to-GDP ratio had increased; the rapid expansion of credit leading to deteriorating loan quality. Then the blame was put on companies assuming that the economy would forever be on the growth path. The two-tier regulatory system on banking introduced by Bank Negara and the failure to use the interest rate as a policy tool were also cited. Contagion i.e. infection from the financial disease which had affected Thailand was regarded as a major cause.

2. This is not a case of Muslims making wild accusations against the Government of the United States of America. This accusation is being made by Americans, white Americans against their own Government. And they have reasons for making this accusation. So many fellow Americans died a horrible death when fire broke out in the upper floors of the two towers. They died in the fire or when they flung themselves down from the towers to escape a fiery death.

3. These Americans who investigated thoroughly the collapsing towers because they were suspicious of their Government’s action were not deliberately or politically trying to blacken the US Administration. They were concerned and horrified at the enormity of the act i.e. killing fellow Americans in order to justify their subsequent War on Terror.

2. I felt much welcomed there although torrents of rain pured down on the city for hours. The sun came out the morning I went to the Universitas Hasanuddin for the talk. It was a coincidence of course.

3. The reception was heart warming. There were 2,000 faculty members and students in the audience. The Governor of Southern Sulawesi opened the proceedings after the introduction by the Rector of the university.

2. The press report seems to suggest that there was no real destruction of the two towers but it was just some kind of theatrical trick. It is of course a fact that the two towers were destroyed after two aircrafts crashed into them.

3. A lot of people in America (the apologists will dismiss them as conspiracy theorists) questioned whether the towers collapsed because the planes crashed into them or that something else caused them to come down. These people have reproduced videos taken by media people showing the attack and the collapse of the towers, pointing out certain peculiar features. I have seen the three-hour long video which is widely distributed.

2. I thought we had stopped selling lorry loads of our land to Singapore. But my friend explained that the sand is not sand. It is silica sand.

3. Singapore needs it to make microchips. I don’t know how much sand goes into those tiny microchips. Must be a lot if they need 700 truck loads of sand a day.

2. Hedge funds works on borrowed money. That is quite normal and acceptable. But they borrow anything up to thirty times the funds held by them. Ordinary investors cannot do this.

3. Investors therefore have to invest in hedge funds in order to take advantage of the borrowing capacity of the funds.

2. With them went a Bernama team of four made up of three girl reporters and a cameraman. They too went through harrowing experiences. The journey from United Kingdom to Gaza took a month. The convoy carrying food medicine and construction materials was made up of more than 200 vehicles with nationals from seventeen countries driving.

3. I cannot describe their journey adequately. Perhaps they should give talks where they would be more free to give a full account.

2. Now I cannot clear my name nor can Abdullah clear his name. Barry Wain must be very happy. He can go on libelling everyone he likes and nothing will happen to him.

3. Yet when I repeated to the Press the judgement made by the court on Anwar’s case I got sued by Anwar for 100 million Ringgit. It is now more than three years and the case is still not settled.

Beijing Xusizhong Abacus & Mental Arithmetic Education Science Co. Ltd
Plaza Cheng Jian, 3rd Floor, Room No.B307 & 308
No.18 Beitaipingzhuang Road, Haidian District, Beijing, China

Tel: 0086.10.82255948

Email: xusizhong@xsz.net.cn or xusizhong@sina.com.cn

2. The countries must open their economies to foreign capital including the buying up of their businesses by foreigners.

3. The effect of currency devaluation is to reduce the value of the countries’ business in terms of foreign (US Dollar) currency. In addition the financial crisis would make the businesses less profitable or unprofitable so that their market value in local currency would be depressed.