2. Pegging currencies is not as easy as it sounds. The whole thing must be studied very carefully. Even getting agreement by a select panel is not easy. A decision made on the spur of the moment that pegging is not possible cannot really reflect the assessment made together with experts in consultation.
3. Pegging need not be always with the US Dollar. But the fact that the US Dollar is currently not stable is no reason why the idea should be summarily dismissed.
5. The US Dollar is backed by nothing, not even reserves in foreign currencies and gold which other countries hold in order to back their own currencies. The US is a bankrupt nation which means it is not in a position to provide foreign currency backing for its money.
6. The gold in Fort Knox has been depleted long ago and the pegging to gold of a certain amount as agreed to at the Bretton Woods has been done away with by President Nixon. No more gold standards. Yet the US Dollar still commands a certain value in the market. It is still being used for trade payments. This in fact gives the US Dollar a certain value even though the value, in exchange rate terms may change.
7. If the US Dollar is not used in international trading, it will have no value at all. This will of course hurt a lot of countries including Malaysia which carry substantial sums of US Dollar as reserves. Countries like China, Saudi Arabia and tiny Singapore would want to support trade payments made in US Dollar. They do not want their huge reserves of US Dollar to become worthless.
8. What we see here is the importance of international trade payments in sustaining the value of a currency.
9. Long, long ago I suggested the use of a special currency for trade. The currency should be equal in value to a fixed amount of gold. It should not be used domestically as each country would have its own currency pegged to the special trading currency.
10. The price of gold may go up and down but we know that the price of gold today is more than, say, 30 years ago. If we keep gold long enough we will eventually see it appreciating. It is not as volatile as currency notes.
11. So gold is an ideal standard for a trade currency. Effectively we would be going back to the Gold Standard, both for the trading currency and the domestic currency. For the domestic currency the rate against gold can change in keeping with inflation.
12. It was suggested that we call this trading currency the “dinar”. Transactions would of course not be in solid gold dinars but with equivalent papers. It is not practical to carry around so much gold dinars but this will not be necessary if a country’s export to another country and its import from that country is fairly balanced and only the difference need to be paid.
13. I am not an expert in this area but we can get experts to study whether pegging or the gold dinar are feasible. I would not dismiss the eficacy of these so easily.
14. Perhaps I can make a ridiculous suggestion. Why not make all Malaysian trade payments in Malaysian Ringgit?
15. We are a big trading nation. We export more than 200 billion Ringgit worth of raw material and manufactured goods and we import slightly less than that. Traders cannot just ignore us or boycott us. They need our exports and they need to sell their products to us.
16. All we need to do is to demand payment in Malaysian Ringgit for our exports. We can require payment for our imports in Ringgit according to the current value in an international trading currency or gold.
17. If we do this there will be a constant demand for Ringgit and this will keep the value of the Ringgit at a certain level which we can fix, taking into consideration factors which influence its value.
18. This may sound like a ridiculous suggestion. But not being a trained economist or financier I can allow myself the privilege of unorthodox thinking.
Salam TUN,
Saya seorang mahasiswa dari sebuah ipta di Negara kita ini. saya amat kecewa dengan sikap orang melayu pada ketika ini. Semua Negara bimbang tentang ekonomi dunia, tapi bangsa melayu pula bimbang pembelajaran dalam bahasa inggeris. Sikap orang melayu ini sungguh di takuk lama. Para parti politik pula tak habis-habis dengan kisah âsi katak lompatâ kenyataannya mereka semua gila kuasa dan bukannya ingin menjaga kepentingan rakyat. Saya yang belum cukup umur nak mengundi ni pun dapat bezakannya. Kenapa orang melayu tidak mahu bersatu dalam memajukan Negara ini, kenapa perlu ada begitu banyak parti oleh orang melayu sendiri, adakan mereka lupa bagaimana susahnya kita ingin mencapai kemerdekaan? Adakan Malaysia akan menjadi seperti singapura suatu hari nanti? Wahai orang melayu, maju lah kehadapan, jangan pula perut saja maju kehadapan kenyangkan rasuah. Bagaimana agaknya najib hendak memerintah Malaysia suatu hari nanti sedangkan Rosmah pun tak mampu di kawalnya. Adakah suatu hari nanti Malaysia akan jatuh ke tangan orang cina akibat kebodohan orang melayu yang tidak bersatu dan akibat kebodohan pemimpin-pemimpinnya ? Alahai âMELAYUâ, Alahai âMALAYSIAKUâ.
Tun,
Can you advise me when is RM1 = SGD1 going to take place?
Dear Tun, brothers and sisters,
We should peg our currency to gold. The current stance taken to float our currency is to embrace back the anglo-american economics and international finance doctrine, which is built base on individual’s self interest to maximize material wealth without spiritual contents. The thoery is built by theorists who do not have belief in religion. Hence, naturally, it allows for currency traders to speculate on currencies in the name of fostering economic discipline, but in real fact, it is nothing but to fulfil the greed of these perceived sophisticated bankers, who are doomed to perish. The is the system is full of flaws. Most importantly, the backbone of the system is built upon usury, which is forbidden.
Amir
Japan
Pegging of US currency, or with other strong currency eg Euro has some advantages. For example, if the crude oil dip, we will enjoy some kind of lower price of petrol. If crude price goes down, and US going up, still no point, back to the same thing.
I disagree that the petrol price were to be reduced so much, as it will encourage people in Malaysia to drive more and disregard public transportation. Just look at the amount of cars in the morning that goes into town, it is mostly single drivers. If only these drivers consider to at least share (carpool) two in a car, i believe it will make a lot of difference , 3 in a car, breeze through Sultan Ismail.
UNORTHODOX THINKING?
I think it will bring great value to our children (in the future) if we start teaching ‘unorthodox thinking’ (or thinking out of the box) as early as possible.
I support creative thinking.
Lina Ford
Great Stuff Tun… the South American (Argentina and Brazil, if I am not mistaken) are already doing their trading in their own currencies – as you have suggested.
Why not Malaysia? Malaysia boleh… We are a great trading nation and we are No. 12 in foreign exchange reserves… You are the best…
Steve
Tun,
Sudilah untuk meluangkan masa untuk membaca artikel saya yang bertajuk, “Dinar Sebagai Alternatif” di dalam majalah Dewan Ekonomi keluaran Oktober 2008.
Saya turut menyentuh tentang isu kenaikan harga minyak.
Asalamualaikum Tun Dr Mahathir,
You Are The Best,Born To be Leader.
You are briliant Tun.
You are the one We Trust.
Tun, hehe sebagai seorang student yang baru saja mendapat kerja, saya rasa saya tak layak untuk komen berkenaan isu ini.Tetapi memandangkan saya ada sedikit pandangan berkenaan isu pegging ini,tergerak juga rasa hati untuk memberi komen.
Pertama, saya setuju dengan tindakan kerajaan untuk meneruskan sistem mata wang kita sekarang, manage float.Saya yakin keputusan dibuat berdasarkan data ekonomi dan nasihat dari pakar kewangan dan bukan bermotifkan politik.Pertama sekali berdasarkan sistem ekonomi kita sendiri yang lebih bersifat domestik dan eksport komoditi yang besar,mengukuhkan ringgit semata-mata mengelak kenaikan harga minyak dunia bukan jalan penyelesaian,lagipun Malaysia bukanlah negara yang gemar mengimport.Kedua dengan sistem sekarang BNM dapat mengekalkan reserve dollar mereka untuk kestabilan jangka masa panjang ekonomi negara dan membiarkan demand dan supply menentukan tahap ringgit kita,serta dalam masa yang sama interventation dilakukan hanya bila perlu saja.Ketiga,dari sudut pelaburan,selain daripada share atau stock market,untuk maximize profit,investor juga berminat dengan currency futures atau arbitrage dan dengan pegging,investor luar mungkin kurang berminat melabur di negara ini.Keempat,antara reason paling penting,Bank-bank di Malaysia berjaya mengaut keuntungan berbilion-bilion dengan sistem mata wang kita sekarang,ini menjelaskan mengapa dalam keadaan banyak Bank-bank di US dan Eropah mula goyah,Bank2 di Malaysia masih lagi gagah berdiri.Kelima,sebagai sebuah negara yang kerdil,Malaysia tidak mampu mengubah mentaliti dunia,yang suka berniaga dengan USD,bahkan negara Arab sendiri pun tidak peduli akan dinar emas,kerana berniaga dengan USD pun keuntungan mereka berlipat ganda.
Walaubagaimanpun cadangan Tun untuk dinar emas satu langkah terbaik,namun memerlukan seseorang yang berwibawa seperti Tun untuk membawa pemerintah2 dunia duduk semeje berbincang.Dan pandangan terakhir Tun mahukan import dan eksport dalam ringgit telah banyak dilahirkan pakar2 ekonomi,tetapi nampaknya BNM tidak begitu berminat dengan idea mata wang untuk mengukuhkan ekonomi.Walaumacammanapun,membaca ulasan Tun menunjukkan Tun mempunyai pengetahuan yang cukup luas dalam kewangan,banyak juga yang saya dapat belajar dalam blog Tun ini.Heran sungguh saya dalam usia sebegini,kemampuan Tun mengolah sesuatu isu mengalahkan remaja seusia saya dan melihat gaya penulisannya saja sudah cukup mengambarkan kebijaksanaan orangnya.Akhir kata, SELAMAT HARI RAYA AIDIL FITRI MAAF ZAHIR BATIN,semoga Tun dan keluarga terus berada dalam keadaan sihat dan dirahmati Allah.
Dear Ayahanda Tun, I was wronged for not expanding an opinion in my previous comment to include what if American Congress decides not to approve the bail out plan. As it is, there is no consensus and the plan went belly under. This bit did not occur to many people. But then the result is still the same. An immediate recession may not only be obvious but may follow with a repeat of the depression in the likes of the 30s. This cannot be the millennium glitch.
Malaysian leaders should by now call for a emergency meeting among policy makers, to see what could be done to insulate the countryâs economy owing to this frenzy market situation . If people are worried across the globe, I cannot see why should we feel so comfortable to pretend as if we are unscathed. We are untouchable? What fundamental? There is non now. American stock market took the first blow and slide to over 1 trillion dollars within hours when the news got to the Wall Street. You are right, the possibly of our US dollar holding at our central bank may diminish and will not hold in value.
I call on true Malaysian to think again and I know some may have already cast in their mind to call upon the return of YAB Tun Mahathir Mohammed to take charge of the situation. Let us all do just that, call for you to come home to the fore front of the government. Take another shot Sir. Do it, as you have done during the 90s. Protect us. Show to the world of your creative ability and bring our countyâs name to a resounding position. You are a genius person. It might just be the thing we need and will foreclose any misconception on the country and through this will rise the true meaning of respect that you have forthrightly struggle for during your time, that is to attain the respect on Malaysian. Saya doakan Tun.
Assalam`mualaikum TDMM. I agree with you saying is easy, than what you are going to do it. Semoga Allah s.w.t. panjangkan umur TDMM, ku.AMIM…
Tun,
Ok even though u r not expert economist but sure i think u quite fluent in mathematics (thats a basic). Ok simple question….did u test Pak Lah with mathematics before u pick him? or u just assume he is good with mathematics….
Maybe geng2 Pak Lah ni rasa mereka bijak sangat kot tak tambat Ringgit… we’ll see…
Tun,
Depa (DSAAB & the gang ) tak pernah baca ka Tun punya blog?
Assalam Tun,
1) In the first place, you should not justify your thinking you merely helping the government as a concern citizen.
2) All of us knew that you are asking the government to consider one of the factor not the ONLY factor.
3) Now, I realize the Malay proverb; Pandai tak boleh ikut; Bodoh tak boleh diajar.
4) UMNO need new leader not only with humble personality but an effective leadership skills, fair and patriotic.
tun yg amat dikasihi dan dihormati
ingin mengambil kesempatan ini untuk mengucapkan salam aidil fitri kepada tun dan keluarga.
terimakasih kerana masih bersama kami. dan kami berharap tun akan sentiasa bersama kami.
salam syawal
fauzil dan keluarga
Salam Tun.
It would be wonderful to have you back as a leader. For Malaysia to sustain and progress, we need people like you, not a bunch of clowns!
I hated you for a short period of time after the Anwar case. I was naive and unaware of the rationale of your decision. My zillions apologies Tun.
Selamat Hari Raya. Maaf Zahir Batin.
salam tun..
tun adalah org yg sangat luas pemikiran..tak kira dari segi ekonomi atau cara mentadbir negara.
bagi saya, cadangan tun utk tambat ringgit adalah sgt bagus…bukan lah unorthodoks untuk melahirkan buah fikiran kita sendiri..betul tak?
I wish I can have a lot of knowledge and idea like u.
It would be tough to use ringgit for international trading due to what happened during the Asian financial crisis. Our ringgit has been a controlled currency and it is not easy to get people to trust our currency again. In this respect, Tun has save us during the crisis but at the same time, incur huge liability to Malaysia in the future.
kenape lah orang melayu dgn orang melayu sendiri pon mahu gaduh. nnti cina yang untung,melayu marah.sepatutnya,menteri2 kat kerajaan tak yah kasi gaji.diorang dah memang kaya,baru lah tahu ikhlas ke tak.saye sebagai orang melayu sedar malaysia lambat maju disebabkan melayu sendiri.melayu jadi 80 peratus rakyat malaysia pon x gune kalau separuhnye malas.semangat cinta akan agama dan negara masih belum ada lagi dalam majoriti melayu.ramai orang islam seluruh dunia tersiksa pon orang melayu tak tahu.sbb kalu kite tahu,x lah raya sakan smpi lupe dunia.kembalikan zaman keemasan islam dgn mata pena,bukan mata pedang.
my comment might seems to be offending some people but its the reality. malaysia is bickering on childish subjects while people around the world laughing at us.are we going to be a country that is crushed on its own weight?if it is,i dont want to be apart of it.we must unite to fight,or prepare to face the destiny we all deserved. 🙂
Dear Tun,
Salam sejahtera dan selamat berpuasa sekeluarga.Izin….
LUPA LAGI..!
Tun lupa lagi? Ingatan Tun tajam (pin point memory lawan total recall) semut nampak, gajah tak perasan. Harap ini boleh bantu kejutkan ingatan kembali.
PERIUK DAN BELANGA- Dua dua sama hitam!
Tun memang arif dengan mainan mata wang ni, M’sia peniaga mata wang terkenal sebelum Soros. Ingat masa TUN, BNM cuba sepit Pound, tapi sendiri tersungkur. Tun geram tindakan Britain menurun nilai Pound terus BNM rugi berbillion.Si Soros belajar dari ‘GELIGA’ Tun (memang geliga kalau berjaya), mengasak Ringgit bertahun tahun kemudian. Tapi menurun nilai matawang boleh diterima pasaran (kira kena penalty dalam bolasepak) tapi menambat tak boleh (kira keluar padang permainan ketika tertinggal) Kita tersingkir terus dari peraduan. Tun marah dengan Soros panggil dia mcm-mcm (saya pun benci perbuatan selfish dia) but is the POT CALLING THE KETTLE BLACK?
PEGGING
Sebaik saja kita tambat kira kita tarik diri(tersingkir?) dari pasaran dunia. RM tak laku luar M’sia. Pasaran terbuka orang percaya nilai yang di tetap(free market) tapi nilai tambatan sendiri tak kan dipercayai.m Tambatan mcm bermain tapi pengadilan peraturan disatu pihak
Mata wang bukan pertaruhan politik, tak boleh ulang alik, suka ikat tak suka lepas. Kalau dah tambat buatlah selama lamanya. Tapi Pak Lah dah bebaskan tambatan, (kalau tidak terpaksa diubah kadarnya kerana perbezaan mendesak) tak boleh sewenang-wenang tambat balik! Soal kepercayaan. Siapa nak berniaga dan melabur di sini berbillion kalau kadar pertukaran ditentukan satu pihak (satu orang?) Biar pasaran bebas menentukan.
YOU DONT TRUST THE MARKET, YOU EXPECT THE MARKET TO TRUST YOU!
DINAR -REINVENTING THE WHEEL
All the benefits you mentioned are found in the USD. Tun cuba mencipta roda lebih bulat? USD selepas berdekad penggunaaan telah capai taraf global diterima pakai seluruh dunia sebagai pengganti Gold STD. Buat apa susah susah kembali kepada emas bila gantinya dah ada.
Lagipun Tun menjual fikiran ni pada salah orang. Ia mesti diterima oleh negara lain baru boleh jalan. Jual di Indonesia,’tiny’ S’pore, ASEAN, OIC, etc. Dengan jiran dan kawan pun tak laku!
Salam Tun,
Kalau emas/perak dijadikan sandaran untuk nilai atawang apakah yang akan terjadi kalau kita sudah tiada emas? Saya nampak rasional cadangan Tun tapi bukankah emas pun adalah bahan mineral yang perlu digali dan sekiranya negara kita ketandusan emas lokal adakah kita perlu mengimportnya? Ataupun adakah kita sanggup meneroka saki baki hutan yang ada untuk mencari emas? Apa kesan nya pula terhadap alam sekitar kita?
Mungkin salah satu cara untuk kita menstabilkan harga barang di Malaysia adalah dengan menggunakan 100% keluaran tempatan dan selebihnya baru kita import/eksport. Apa yang saya perhatikan adalah rakyat kita terlampau taksub dengan brand import sehinggakan ada yang kurang percaya dengan kualiti produk tempatan. Saya percaya negara-negara luar boleh maju kerana mereka menggayakan/membeli/menggunakan produk keluaran negara masing-masing dan selebihnya barulah diimport/dieksport.
Dan mungkin sebab itu juga saya membelanjakan â¬50 untuk groceries cukup makan seminggu. Jika di negara sendiri, saya sudah tidak tahu apa yang saya mampu beli dengan RM50.
Pelik tapi benar..
Apa rasionalnya kertas yang lebih elok sikit daripada A4 paper dan manilakad lebih bernilai berbanding emas dan perak!
kalau toilet paper takpe juga, boleh buat lap muka lap sana – lap sini..
tapi itulah hakikatnya yang kita semua masih boleh terima.
Assalamu’alaikum Tun dan semua rakan bloggers
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Selamat Hari Raya, Maaf zahir Batin kepada Ayahanda Tun, Tun Siti Hasmah dan selurugh keluarga,
Ayahanda Tun, Your article on pegging the dollar should generate enough concern to our leaders, rather then been given a cold shoulder. Obviously there is no quick fix to the current economic debacle emanating from the US, but Malaysia should learn from the countryâs experience, when you successfully cornered Soros to the game, by your brilliant move, which has averted the country from a major financial disaster. While Malaysia gain on this decision, the reverberation can be felt through the entire region which saw the recovery came ahead of the world bank indifference on the policy. I am not surprised if there would be countries that might just take the queue from you on the âpegâ as you have articulately present your case on the short term run, or perhaps the only option available for now.
I know you are very concern on whatâs going to happened to the world economy after the post rescue plan effort to be passed by the American Congress. It is quite natural to react especially for a man of your calibre and Statesman. As lay man, I must admit that I know next to nothing about economy but then I cannot help, but feel equally disturbed when our leaders did not take heed of your view seriously. This situation is no longer an American issue and the fall out could reached our shores and may disrupt at every fibre of the economy. We seems to be too engross on leadership transition rather than alerting the country to be prepared for the economic tsunami.
I salute you for bringing up the gold dinar as financial standard and as proponent on the issue, your farsightedness should court the interest of oil producing countries especially, whose dependency on US dollars would certainly pass through a period of volatility. Perhaps, this could bring sanity to the world economy since the Bretton Woods days.
Malaysia has been at the forefront when dealing with such a situation during your stewardship. If, by chance this mechanism are being rolled out by other countries during the economic uncertainties, I cannot imagine how shameful it can be for us when the thrust that could give us the head start in handling this situation, ended up being the last to be heard of. How frustrating for the rakyat to see the kind of calibre of our leaders in the offing when the country most likely will be confronted with such situation at any time now.
Keep up the good work Sir, Our prayers are always with you.
Dr Mahathir
The two suggestions using Dinar and RM for international trade is interesting. Currently, Ringgit Malaysia is not an international currency which can be used for letter of credit payments. It is restricted by the Central Bank. I think this should be reviewed and opened as international banks are willing to do such papers in RM.
Salam Aidilfitri and best wishes for good health to you and your family.
Salam Tun
izinkan.By Nasha Bin Edwin on September 26, 2008 9:17 PM
Awak ni out of topik lah. Tapi elok lah awak ingat akan kebesaran AALH SWT.Ingat lah segala ketentuan itu adalah kuasa ALLAH.Betul lah apa awak katakan, tapi pemimpin ada tanggong jawab nya.Di dunia dia di amanahkan untuk memimpin rakyat nya.Ini satu amanah dan tanggong jawab besar sesaorang pemimpin.
Sebelum kita menemui Tuhan kita perlulah juga melaksanakan kewajipan dan tuntutan kehidupan didunia. Tanpa kehidupan sempurna di dunia ini mampu kah kita melihat kehidupan yang sebenarnya di akhirat. Kurang ilmu, miskin sehingga tak upaya nak keluarkan zakat, hidup pun meminta2. Kerana itulah kita perlukan pemimpin yang berilmu dan bijak untuk membawa kita kearah yang sewajarnya.
Kalau PKR tak dapat jadikan Anuar PM juga adalah kehendak ALLAH.
JIka ALLAH lanjut kan usia TUN sehinga 100 tahun pun kuasa ALLAH.
Jika Pak Lah turun tahta pada march 2009 juga kuasa ALLAH.Segala2 nya dari ALLAH. Kehidupan awak yang mewah dan senang lenang tu juga dari NYA. KIta tahu semua itu. Tak payah lah nak sindir2.
Jadi awak tu yang selalu sahaja menidak akan jasa2 TUN sebelum ini elok lah mintak maaf pada TUN. Belajar2 lah bersyukur dan berterima kaseh semoga dapat berkat dan rahmat dari ALLAH SWT.
Maaf zahir & batin ler kalau tersilap cakap kat sini.
Dear Tun,
I am not economist too, but logically I have a couple of questions :
(i) if what they said is true that majority of our exports are to US, and if we insist on using RM to trade, will the US stop trading with us and look for alternatives, all in order to safeguard their own USD?
(ii) on RM peg against gold, since gold is a limited resources, one day the demand will be too high and when the prices become too high, and when it lose demand….will people look for alternatives and gold lose popularity? How long the value can sustain?….
Have i asked a ridiculous questions?….Please forgive me Tun if I did. I am an economist dumb.
Selamat Hari Raya Aidilfitri to Tun and family
YAB Tun,
I have always admire your sharp thinking and vision. I had the opportunity to serve in the government during your time.And I had the opportunity to travel all over the world together with your group on official trips. For those people who had no oppourtunity like me, let me tell you this, Tun had all the courage to tell off the truth even to the big powers right in their face and in their own country. And that is why they RESPECT us because our leader is telling them facts and no nonsense.
Anway Tun, I miss you being around in the government. But your ideas are still brilliant. Unfortunatelly, bak kata pepatah “Hanya jauhari yang tahu mutu maknikam”. So jauhari2 yang ada dalam kerajaan sekarang ni, tak tahu menilai berlian yang begitu bermutu tinggi.
Jasamu tetap ku kenang dan di sanjung tinggi.
Selamat Hari Raya kepada YAB TUN & YAB TUN SITI HASMAH.
salam Tun,
to TunIsGreatest Motivator,
wow what a spin…as if we didn’t know better.
My point is Tun is a smart leader,while you,my friend, are too idealistic.
A smart leader will know how to adapt to the circumstances to advance the interests of his nation.
Wassallam
Jeng3
Tun,
Pegging is a good idea. But pegging to euro or usd is bad currently. The safest peg is china. Our economic stage is closer to china than it is to the west. Furthermore, by pegging to china, we are telling fdi ppl that there is no fear of missing out china’s yuan appreciation (which everyone is predicting) if u invest in msia. Thus 2 birds with one stone. As for gold dinar -_- i fear that is economically unsound. It is accepted that money (storage of value) should correspond to goods n services produced, not to a piece of mineral. The best evidence of this is that if it rains gold tomorrow, humankind will not be fabulously wealthy.
Hi, Tun,
Why not? You are the first leader and as the first Prime Minister of Malaysia to control the currency at year 1997 economic crisis, 1USD fixed to RM3.80, you are the legend of Malaysia, every single countries knew that, just because of current PM useless only, just knew how to take care his own pocket to bring back to China cos he is from Chinese generation.
I support you with that.
Cheers.
let it be, let it be, let it be, le it be …………
u r only human being, do not think that u r god. without u malaysia still can survey, ur way to the graveyard is aheading, don’t u think that even if u die u still 1 2 control Malaysia. give way to the next genertion, u r history. just a general reminder from a M’sian currently work in China. other ppl may kiss ur ass, but 2 me u have made enof in M’sia, every single trouble in M’sia now r ur responsibility, u had nade enof chaos 4 the M’sian, u hv 2 stop right now. ur intention is very clear that u 1 2 demolish the unity in M’sia.
Assalamualaikum Tun,
The Dinar idea which came about after the 97 crisis is the best one ever. I’m saying this through my own experience of owning it. Since 2002 Dinar Conference in PWTC organized by UIA, I and my husband Halim have minted and saved in Dinar. In fact my husband Halim from MMU is the first person who initiated the minting of 999 Dinar. Now after 6 years,our savings have double its value! In fact some friend of ours who take our suggestions to saved in Dinar have able to use them for their children’s education. Keeping it is not much hassle as what everybody thought, and nowadays even the Gold Jewelery Shop accepts Dinar to be exchanged with cash. So we would like to encourage those who can afford, to save in gold. It keeps up with the time unlike paper money which is eaten up by inflation. So Tun, it actually does not only benefit the international trades, it also will benefit the society. Dinar is what we called a fair currency. Lastly, thank you Tun for supporting the Dinar. I and my husband are still promoting the Gold Dinar from 2002 until now. We will have Gold Dinar blog soon in October to educate the society and we will post it up when it’s ready. Selamat Hari Raya Aidil Fitri to you, your lovely wife and family. May Allah bless you with happiness and good health always.
if the pegging is necessary… peg it with euro … i cant tell more.. the US is succumb down now… and the belgian diamond is rising up..
Assalamualaikum Tun,
Idea Tun tu banyak faedahnya dalam keadaan tak menentu ekonomi ni. Ini lah langkah untuk kita kukuhkan dan stabilkan ekonomi kita.
Harap, Najib tu, bukak lah mata luas2, dengar betul2..kaji dalam2…kalau dia pun jenis dekk je, habislah
Wallahualam
SALAM SEMUA…
BN(UMNO) TIDAK AKAN MEMERINTAH SELAMA-LAMANYA. BEGITU JUGA DGN PAKATAN RAKYAT MEMERINTAHPUN IA TIDAK AKAN SELAMA-LAMANYA MEMERINTAH PASTI SUATU HARI ORANG AKAN BERALIH ARAH PULA DENGAN PARTI LAIN.INGAT TIADA YANG KEKAL DALAM DUNIA INI.
TIADA SEORANGPUN AHLI UMNO TERMASUK TUN SENDIRI YANG BOLEH MENJAMIN BN(UMNO) DAPAT MEMERINTAH SELAMA-LAMANYA. YANG KEKAL IALAH AMALAN KITA YANG BAIK. SESUNGGUHNYA ORANG YANG BERIMAN DAN BERTAKWA ITULAH YANG KEKAL DI SYURGA.
Another instant of this Malaysian’s fierce spirit to be independent, fierce refusal to be intimidated or subjugated, and fierce will to outdo any form of threatening forces, just so to ensure survivability of oneself and any would be followers or emulators or at least pretenders.
If this man only agrees to at least play some role for our Malaysia’s well being, (he should, for if he wouldn’t, he would be selfish indeed), at least we “ikan bilis” would feel more secure from marauding killer whales and the likes.
These are our prayers Tun. I’m sure there are millions like us out there …
Selamat Hari Raya Idilfitri for Tun and family.
Assalamualaikum Tun,
BENAR, UNTUK MENAMBAT RINGGIT BUKAN SUATU PERKARA YG MUDAH. TIDAK SEPERTI DS ABDULLAH YG BEGITU MUDAH MEMBUAT KEPUTUSAN YO-YONYA.
SAYA TIDAK SETUJU SEKIRANYA RINGGIT DITAMBAT KEPADA MANA-MANA MATA WANG NEGARA DI DUNIA, TIDAK KIRALAH SAMA ADA $, â¬, £, Â¥ dll. ALASANNYA,KESEMUA MATA WANG INI TIDAK STABIL DAN MUDAH DIMANIPULASI. PADA SAAT KOMEN INI DIHANTAR DAN DISIARKAN PUN, NILAI2 KERTAS YG DIGELAR WANG INI TERUS BERUBAH-UBAH. WANG TELAH DIJADIKAN SEBAGAI SATU KOMODITI DIPASARAN MATA WANG. SEPATUTNYA, WANG DIGUNAKAN UNTUK URUSAN PERTUKARAN KOMODITI. BUKANNYA SEBAGAI SATU KOMODITI.
YG PELIKNYA, PASARAN MATA WANG DUNIA TU DITUTUP RAPAT. TAK TAU SAPA YG TADBIR.
CADANGAN TUN SUPAYA GUNA RINGGIT DALAM URUSNIAGA MALAYSIA DENGAN NEGARA LUAR TU BUKAN SESUATU YG GILA. MASALAHNYA, MAHUKAH GOLONGAN YG MENCIPTA SISTEM KEWANGAN DUNIA SEKARANG MENUKAR SISTEM TERSEBUT. SELAMA INI MEREKA TELAH MENDAPAT KEUNTUNGAN BESAR DARIPADANYA? MINTAK MAAFLA!. BUKAN SETAKAT PAKSA NEGARA LAIN GUNA SISTEM NI, DEPA PERTAHANKAN LAGI ADA LA. PERANG PUN DEPA SANGGUP. MEREKA INILAH YG AKAN MENGGELAR KITA GILA.
INILAH YG DIKATAKAN DIKTATOR, BERSELINDUNG DISEBALIK DEMOKRASI.
NEGARA KITA TELAH MERDEKA, SUDAH 51 THN. TETAPI MATA WANG KITA BELUM MERDEKA SEBENARNYA. MUDAH DIMANUPILASI. SEJARAH BANK ENGLAND MISALNYA, DARI TAHUN 1717-1914 GUNA PIAWAI EMAS. U.S PULAK DARI 1914-971. LEPAS TU DEPA CETAK IKUT SUKA. SEBAB TU DEPA BERANI JUAL BELI DUIT. KALAU EMAS??
OLEH SEBAB EMAS DAN PERAK JUGA BERLAKU “SUPPLY AND DEMAND”, NILAINYA JUGA BERUBAH2.APA KATA KALAU KERAJAAN MALAYSIA TAMBAT HARGA EMAS DAN PERAK, PERKENALKAN PIAWAIAN EMAS DAN PERAK BAGI RINGGIT, UNTUK KEGUNAAN DOMESTIK. GUNA DINAR EMAS DAN DIRHAM PERAK UNTUK URUSNIAGA LUAR NEGARA. DICUBA UNTUK NEGARA2 OIC SAHAJA. SELAIN OIC KALAU BERMINAT BOLEH MOHON.
KITA DAPAT MENJANGKA REAKSI DAN TINDAKBALAS PEMODAL2 ELIT BARAT SEKIRANYA DINAR DAN DIRHAM DIGUNAKAN UNTUK URUSNIAGA DI NEGARA2 OIC KELAK.
Dear Tun,
The reason why I admire you most is that you always and every time, comes up with briliant idea. For me whoever disagree with you, he or she is the ‘poorest’ people in the world, meaning to say ‘estupido’. No one can think better than you, Tun! I really hope Najib surf your blog and learn something.
Selamat Hari Raya To Tun & Whole Family.
sori tun
beratlah subject ni…
i only know how to peg clothes..
meowwwww….mauuuuuuuuu
To Dollah & stooges,
Please read,study deeply and analyst theese educational facts.Put ego & sellfishness aside for the sake of the nation. Just accept the facts that we still need Tun brilliant advice. Move on clowns.
Assalammualaikum Tun,
Semoga Tun kekal cergas & tajam akal. Kami Malaysian memerlukan Tun. Hanya Tun saja yang bisa mempertahankan kedaulatan negara & bangsa. Kami akan senantiasa bersama sama Tun.
SALAM TUN DAN MALAYSIA…
HARAP IDEA DINAR EMAS DAPAT DITERUSKAN OLEH KERAJAAN KITA NANTI….DAN DIHARAP MEREKA MENGAJAK TUN UTK MEMERAH FIKIRAN…
SOAL PENERIMAAN DUNIA BUKAN ISLAM TERHADAP PERKARA YG BERHUBUNGAN DGN ISLAM, TIDAK SEMUA MEREKA MONOLAKNYA BULAT2…..LIHATLAH PENERIMAAN ISLAMIK BANKING….JUGA IDEA PERMULAANNYA DARI TUN….ISLAMIK BANKING SEMAKIN POPULAR WALAU DI NEGARA UMAT ISLAMNYA SANGAT MINORITI…
Dear Sir,
Your idea sounds interesting but can it happen?
Theres not enough information but lets hear my suggestion.
Lets take a look from the neg under the bretton wood system. Main issue, who would run the Special Trading currency show? The BWS suggested the US as they have the biggest stockpile and market share after the WWII. It failed when US ran out of gold reserve.
The problem:
Lets say all countries peg to the STC and STC to gold. Who would control the STC? US? UK? Malaysia? Votes? No country is suitable as everyone and each country will be biased. IMF? even IMF is under US influence. World bank? still US influence.
Even if we could find someone to handle STC, what about the gold market? As countries peg to gold via STC, rich countries will now build up gold reserve then sell them when price are high. In the end, gold market tends to be volatile. Gold have been stable for ages but it does not mean it cannot be volatile. Unless, we have an instituion that monitors each and every country’s action, i personally dont believe it will work.
i’d prefer/suggest to have a a regional currency or a group of countries using common currency like the EU, then later proceed with STC. If part of the STC rules is that only regional currency could peg or buy/sell STC, this way no one country could proceed to intervene/speculate the STC/gold including US. But would US joined up with Mexico, Canada infact Cuba? haha. If we all are afraid of US dominance, the only way to handle it is not to pull/turn back but put US in a group with others like UN. Even US contribution to UN is the biggest Russia and China have veto too.
Oh yes, another problem is the bureaucracy in STC. It could possibly slow the trading rate.
Regarding trading with foreign countries with MYR, i suggest more education/insitution/rules on hedging should be made available.
Dear Sir,
Your idea sounds interesting but can it happen?
Theres not enough information but lets hear my suggestion.
Lets take a look from the neg under the bretton wood system. Main issue, who would run the Special Trading currency show? The BWS suggested the US as they have the biggest stockpile and market share after the WWII. It failed when US ran out of gold reserve.
The problem:
Lets say all countries peg to the STC and STC to gold. Who would control the STC? US? UK? Malaysia? Votes? No country is suitable as everyone and each country will be biased. IMF? even IMF is under US influence. World bank? still US influence.
Even if we could find someone to handle STC, what about the gold market? As countries peg to gold via STC, rich countries will now build up gold reserve then sell them when price are high. In the end, gold market tends to be volatile. Gold have been stable for ages but it does not mean it cannot be volatile. Unless, we have an instituion that monitors each and every country’s action, i personally dont believe it will work.
i’d prefer/suggest to have a a regional currency or a group of countries using common currency like the EU, then later proceed with STC. If part of the STC rules is that only regional currency could peg or buy/sell STC, this way no one country could proceed to intervene/speculate the STC/gold including US. But would US joined up with Mexico, Canada infact Cuba? haha. If we all are afraid of US dominance, the only way to handle it is not to pull/turn back but put US in a group with others like UN. Even US contribution to UN is the biggest Russia and China have veto too.
Oh yes, another problem is the bureaucracy in STC. It could possibly slow the trading rate.
Regarding trading with foreign countries with MYR, i suggest more education/insitution/rules on hedging should be made available.
Dear Sir,
Your idea sounds interesting but can it happen?
Theres not enough information but lets hear my suggestion.
Lets take a look from the neg under the bretton wood system. Main issue, who would run the Special Trading currency show? The BWS suggested the US as they have the biggest stockpile and market share after the WWII. It failed when US ran out of gold reserve.
The problem:
Lets say all countries peg to the STC and STC to gold. Who would control the STC? US? UK? Malaysia? Votes? No country is suitable as everyone and each country will be biased. IMF? even IMF is under US influence. World bank? still US influence.
Even if we could find someone to handle STC, what about the gold market? As countries peg to gold via STC, rich countries will now build up gold reserve then sell them when price are high. In the end, gold market tends to be volatile. Gold have been stable for ages but it does not mean it cannot be volatile. Unless, we have an instituion that monitors each and every country’s action, i personally dont believe it will work.
i’d prefer/suggest to have a a regional currency or a group of countries using common currency like the EU, then later proceed with STC. If part of the STC rules is that only regional currency could peg or buy/sell STC, this way no one country could proceed to intervene/speculate the STC/gold including US. But would US joined up with Mexico, Canada infact Cuba? haha. If we all are afraid of US dominance, the only way to handle it is not to pull/turn back but put US in a group with others like UN. Even US contribution to UN is the biggest Russia and China have veto too.
Oh yes, another problem is the bureaucracy in STC. It could possibly slow the trading rate.
Regarding trading with foreign countries with MYR, i suggest more education/insitution/rules on hedging should be made available.
Assalamualaikum wbt,
Terlebih dahulu saya ingin mengucapkan selamat hari raya kepada Ybhg Tun berdua, moga sentiasa berada di bawah lindungan-Nya.
Inilah pertama kali saya dapat mengucapkan selamat hari raya kepada Tun. Terima kasih kerana diberikan kesempatan ini. Memang saya amat mengagumi Tun dan akan tetap melayari blog Tun ini dalam apa keadaan sekalipun untuk mengetahui perkara-perkara yang Tun bicarakan.
Moga terus diberikan kekuatan memberikan sesuatu untuk difikirkan bersama…
Salam hormat dari saya.
bent
Dear Tun,
What NOT, the government should consider first before making decision. They should allow TUN to explain, rasa nye depa tak mau TUN popular which may look them stupid!
Selamat Aidil Fitri TUN, semoga sihat sejahtera.
Salam Tun,
I have not yet seen any leaders who can come out with a solution to the current financial crisis. Instead they are involved in polictical bickering amongst themselves.
You are probably the only leader who can come out with such brilliant ideas to solve problems. You are in a league of your own! None in the opposition or the current govt has the kind of intellectual capability as you,Tun.
You gave an idea to solve the crisis but was rejected wholeheartedly. WHY?
The leaders are egoistical maniac. Simple, the so called leaders only believe in themselves that they are smart and do not need any assistance or even listening to someone’s else ideas.
They want to be remembered as the ‘MAN WHO CAME UP WITH THE SOLUTION THAT SAVED MALAYSIA’.
This is the problem right now. In order to be good leaders, one have to be a superb listener.
To think we are trading with a bankrupt nation sickens me.
PS: To see Malaysia as a SEA Superpower
Selamat berbuka Tun.
Tun,
You dan’t have to be expert in this event. Just a logical sense will speak itself. You have the point to be noted by Najib’s group. I believe, at this point time he will avoid you as much he can UNTIL he sit in the PM chair.
But, most of the M’sia are not keen to have him as the PM of M’sia. The non-malay will be leaving in pressure always. He can’t be a PM for all M’sian.
That’s a good idea but to implement it takes alot of work and corporation from other countries and of course alot of time. It will be easier to use an already available international currency, maybe gold or dinar. The strenght of a country currency comes from the confident of the people using it not how much they use it.
Salam Doc,
Quote:
“All we need to do is to demand payment in Malaysian Ringgit for our exports. We can require payment for our imports in Ringgit according to the current value in an international trading currency or gold.
17. If we do this there will be a constant demand for Ringgit and this will keep the value of the Ringgit at a certain level which we can fix, taking into consideration factors which influence its value. ”
Unquote
Mungkin untuk tetapkan harga ringgit berbanding matawang lain memerlukan pakar untuk membuat kajian tentang kesannya kepada ekonomi Malaysia tetapi untuk berurus niaga dalam ringgit di peringkat antarabangsa tak memerlukan pakar, cuma jatidiri sebagai anak Malaysia.
Seperti semua jenis perniagaan, apabila permintaan melebihi bekalan, maka nilai barangan tersebut akan naik. Harga ringgit berbanding matawang lain akan naik jika kita meningkatkan urusniaga ringgit pada peringkat antarabangsa dan sememangkan kita patut melepaskan pergantunggan terdapat US dollar kerana ianya membawa lebih kebaikan kepada US dan bukan Malaysia.
I dont think tade in Ringgit is a ridiculous idea!!
I have since traded in MYR after the depegging of Ringgit to US dolalr.
All my overseas buyers are so happy to buy in MYR. They told me they would take the risk for the exchange rate, and asked me to concentrate on my products!!
Assalamulaikum YABhg Tun dan isteri, Bonda Tun Hasmah.
Gembira dapat melayari blog YABhg semula sbb sebelum ni sibuk dgn kerja.YABhg Tun, sy masih ingat perkara ini telah disaran oleh Tun sebelum Tun bersara lagi.Satu opsyen yang baik untuk dikaji.Yang sy tak faham kenapa begitu cepat dijawab tanpa ambil maklum akan cadangan Tun ini.Sepatutnya kerajaan ambil maklum dan pertimbangkan untuk dikaji dengan lebih mendalam baru jawab samada ia praktikal atau tidak untuk dilaksanakan.Ini tidak terus bagi jawapan dengan yakin………RINGGIT TAK PERLU DI TAMBAT.Rakyat Malaysia terkenal dengan berbudi bahasa yang tinggi.Bila nk jawab biar berlapik……
PM kita ni dah tak ada bahasa nk dibagi buat dia.Tak faham-faham bak kata orang utara tak masuk ajar.Nilah masalahnya bila cacing dah naik ke mata tak nampak apa-apa dah.
YABhg Tun dan bonda Tun Hasmah
Sy mengambil kesempatan ini mengucapkan selamat menyambut hari lebaran.Minal aidil walfa’idzin dan maaf zahir dan batin.Semoga Tun berdua dipanjangkan umor dan dilimpahi rezeki.Wasallam.
ASWB TO TUN & BONDA SITI HASMAH
I just want to wish both of you
SELAMAT SEJAHTERA & SELAMAT MENYAMBUT HARI RAYA AIDIL FITRI.
HOPE THAT YOU WILL BE BLESSED BY ALLAH S.B.W.A WITH GOOD HEALTH,
TAUFIK AND HIDAYAT.
WASSALAM.
Berita ini menggelikan hati saya
Perhimpunan Agung UMNO, pemilihan MT ditangguh ke Mac 2009
26/09/2008 12:33pm
KUALA LUMPUR 26 Sep. â Perhimpunan Agung UMNO yang bakal menyaksikan pemilihan pucuk pimpinan parti itu yang dijadualkan Disember ini ditangguhkan sehingga Mac tahun depan.
Dalam mesyuarat khas Majlis Tertinggi (MT) parti itu di sini hari ini, MT bagaimanapun menetapkan mesyuarat dan pemilihan bahagian-bahagian UMNO yang bermula pada 9 Oktober ini akan diteruskan seperti yang dirancang sebelum ini.
Presiden UMNO, Datuk Seri Abdullah Ahmad Badawi memberitahu sidang akhbar selepas mesyuarat itu bahawa pertandingan jawatan peringkat tertinggi UMNO pada Mac depan bergantung kepada keputusan mesyuarat bahagian-bahagian yang diadakan bulan depan.
Ditanya sama ada beliau akan mempertahankan jawatannya pada pemilihan Mac depan, Abdullah berkata: âTerpulang kepada saya.â
Keputusan itu dibuat untuk melancarkan peralihan kuasa antara Abdullah dan timbalannya, Datuk Seri Najib Tun Razak.
– Utusan
Assalamualaikum buat Tun yang disayangi..
Lama saya tidak menulis di sini.. Sibuk sikit Tun.. Walau apapun saya tidak pernah ketinggalan untuk membaca setiap ulasan yang Tun paparkan di blog Tun ini..
Dikesempatan ini saya ingin mengucapkan selamat berpuasa dan selamat menyambut hari raya aidil fitri buat Tun sekeluarga. Saya berdoa agar Tun dipanjangkan umur dan diberi keberkatan dan kesihatan yang berkekalan. Saya berharap agar Datuk Seri Najib Tun Razak dan semua pemimpin yang berkaitan agar sudi dan bersedia menerima pakai segala cadangan dan pandangan yang amat berharga dan bernilai ini untuk kebaikan rakyat dan negara kita Malaysia yang tercinta ini.
Salam hormat penuh kasih buat Tun seisi keluarga yang disayangi. Wassalam.
Salam Tun
But i wonder why the ‘dinar gold’ was not sucessfully
emplimented during your days……not even among the Arab
countries or the muslim countries?
Is there any ‘mystery’ reasons why????
Mohd Zamaney
KSAH old boys85′
BAD NEWS FOR TODAY!!!!
Pemilihan ditangguh Mac 2009 bagi lancar peralihan kuasa
TERBARU: Mesyuarat Majlis Tertinggi (MT) UMNO hari Jumaat sebulat suara bersetuju menangguhkan pemilihan parti itu dari Disember ini kepada bulan Mac tahun depan dalam usaha mempermudahkan proses peralihan kuasa. Dengan keputusan itu, pelan peralihan kuasa 2010 kini tidak berbangkit kerana Presiden UMNO, Datuk Seri Abdullah Ahmad Badawi dalam sidang medianya berkata, keputusan menangguhkan pemilihan itu adalah untuk melancarkan proses peralihan tersebut. Bagaimanapun, MT UMNO memutuskan mesyuarat perwakilan UMNO Bahagian tetap akan diteruskan seperti jadual awal mulai 9 Oktober ini. Ditanya adakah beliau akan mempertahankan jawatan Presiden pada pemilihan Mac depan, Abdullah berkata, keputusan terletak ditangannya dan semua pihak boleh membuat andaian masing-masing. Beliau juga menjelaskan, beliau akan membuat keputusan berhubung kedudukannya sama ada akan bertanding atau tidak sebelum 9 Oktober apabila mesyuarat UMNO Bahagian bermula â 26/9/2008
Yang Dikasihi Ayahanda Tun seisi keluarga….tak payahlah pihak berwajib nak bercakap pasal krisis “fuel,food n financial sekarang ni ..ibarat TSUNAMI! Tun kami rakyat bawahan memang hidup susah bak kata Tun… “Silent but Sullen” BERAS makanan Ruji kita NAIK MELAMBONG and NO ACTION TAKEN!….TAK SEMUA ORANG GUNA MINYAK…{berkereta} tapi ….BERAS….PENTING UNTUK RAKYAT…lebih2 lagi yang ramai anak Tun….zaman Tun dulu tak de lah mcm ni…Zaman Qarun ni….harap Menteri yang berkenaan ambil tindakan! maklumlah Menteri Kitar Semula Org2 Lama …”Action Must Speak Louder than words”…. Juga sepatutnya pakar2 ekonomi memberi bantuan dalam bidang rm Msia ni Tun… Syabas pemikiran Tun memang SUPERB! MELANGKAUI ZAMAN…BERWAWASAN MALAYSIA BOLEH…
salam…
maybe…pegging should be done for all currencies to prevent same phenomena happen today and in the future…
maybe…world financial expert should focus on ‘how to reduce world currencies prejudice among countries’…
anyway…selamat hari raya tun…
maaf zahir dan batin…
:)…
Salam Tun.
Where do get with all this kind of ideas?
And again the current gov seems to ingnore
eventhough they strongly agreed with your ideas.
Well…….all d best to us n to our country.
Selamat Berpuasa dan Selamat Hari Raya AidilFitri
kepada Tun dan Sekeluarga.
Mohd Zamaney
KSAH old boys 85′
Salam Tun.
Where do get with all this kind of ideas?
And again the current gov seems to ingnore
eventhough they strongly agreed with your ideas.
Well…….all d best to us n to our country.
Selamat Berpuasa dan Selamat Hari Raya AidilFitri
kepada Tun dan Sekeluarga.
Mohd Zamaney
KSAH old boys 85′
Tun,
I believe the core problem is how malaysian are spending. Taking example, Malaysians are willing to spent RM300 to RM500 overnight for dinner at KLCC. If they eat at mamak stall, I’m suggesting 90% savings. Thats about RM270 savings per 2-3 persons. KL population is 2-2.5 Million. 2,500,000/(3)* RM 270 = 2,025,000,000.00 BILLION
Whos fault that they are willing to spent RM 300????? Its because of the cultural change & development …. not to mentioned going to the movies, entertainment, etc, wasting a lot of money!!! Is it stupid … and blaming the government?
Theres so much what can a government do. Remember “Allah tidak akan mengubah nasib sesuatu kaum itu, melainkan dia mengubah nasib mereka sendiri …..”
But if Malaysia follow islam 100%, insyaAllah, our country would be richer if not richest in ASEAN.
tun
selamat hari raya aidil fitri
maaf zahir dan batin
nik mohd alwi
SALAM AYAHANDA RAKYAT TUN,
IZINKAN,
7. If the US Dollar is not used in international trading, it will have no value at all. This will of course hurt a lot of countries including Malaysia which carry substantial sums of US Dollar as reserves. Countries like China, Saudi Arabia and tiny Singapore would want to support trade payments made in US Dollar. They do not want their huge reserves of US Dollar to become worthless.
THE USA TRADING ‘ALLIES’ WILL SURELY ‘SHOOT’ YOU DOWN AND OUR TRADING COMPANIES WILL HAVE TO ‘GARU’ THEIR HEADS COZ USD HAS BEEN THE CURRENCY USED IN MOST OF THEIR INTERNATIONAL TRANSACTIONS.
12. It was suggested that we call this trading currency the “dinar”. Transactions would of course not be in solid gold dinars but with equivalent papers. It is not practical to carry around so much gold dinars but this will not be necessary if a country’s export to another country and its import from that country is fairly balanced and only the difference need to be paid.
ITS IMPOSSIBLE TO GET THE ‘INTERNATIONAL’ AGREEMENT TO THE PROPOSED TRADING CURRENCY CALLED ‘DINAR’ ESPECIALLY FROM NON MULIM COUNTRIES. TO THESE PEOPLE ANYTHING THAT SOUNDS ARABIC SMELLS ‘OSAMA BEN LADEN’.
JUST LIKE IN THE SONG, ‘ ITS IMPOSSIBLE TO TELL THE SUN TO LEAVE THE SKY…ITS JUST IMPOSSIBLE’
KAMI SEKELUARGA MEMOHON IZIN UNTUK MENGUCAPKAN SELAMAT MENYAMBUT KEDATANGAN HARI RAYA AIDIL FITRI YANG MULIA. DENGAN MENYUSUNG SEPULUH JARI KAMI MEMOHON RIBUAN AMPUN DAN MAAF KEPADA AYAHANDA DAN BONDA TUN SEKELUARGA DAN TIDAK LUPA JUGA KEPADA PARA PEMIMPIN2 NEGARA TERUTAMANYA PAK LAH DAN PAK NAJIB YANG KERAP KENA ‘HENTAM’ DAN TIDAK KETINGGALAN SECRETARIAT DAN ANAKANDA2 CHEDET.COM.
ALLAHU AKBAR, ALLAHU AKBAR, ALLAHU AKBAR
LAILAHA ILALLAHU WALLAHU AKBAR
ALLAHU AKBAR WALILLA ILHAM.
ALFATIHAH, AMIN.
selamat hari Raya Aidilfitri
buat TUN DR. Mahathir sekeluarga
semoga sentiasa dalam lindungan ALLAH.
Tun,
Finally you speak about the economies…
Great point of views
http://sembang-kopitiam.blogspot.com/
Tun,just want to tell you in case you don’t know.Last time I worked with a Korean Chaebol in Seremban,yeah Samsung.My GM called me one day and said,Din,you have a very good leader ;Dr Mahathir,his brains is very good,intelligent.They really respect you Tun.In fact I remember when Samsung Seremban wanted to officiate the plant,biggest outside South Korea,they have been waiting for you to come.Our side tried many times but as understood your schedules were packed,postponed many times.Few suggestions from our Malaysian staff since Dr Mahathir is very difficult to get,maybe we can change other dignitaries,state level perhaps,the Korean Management said NO,NO one else ,we will wait for Dr Mahathir.And finally you came in 1997.Selamat Hari Raya to Tun and family .Salam.
Akum TUN dan selamat menyambut idul fitri yang akan menjelma.
Kadang2 saya amat sedih tengok perangai menteri yang ada sekarang seolah2 bodoh tak boleh diajar dan cerdik tak boleh nak ikut.
Umpamanya bila ada cadangan atau idea dari TDM, masing2 menteri akan cuba memberi pandangan yang tidak bersetuju dengan tujuan untuk menunjukkan bahawa beliau (menteri) lebih pandai ataupun kononnya pandangan TDM tidak bagus/ berasas.
wassalam
Salam Tun
Some experts say the US economy is going for the worst.Let it be so.The world has enough of US dominance.Lets go barter trade – the way it used to be.
akum tun n dear frends
wish u all selamat hari raya aidilfitri and maaf zahir dan batin.
1 question tun : kenapa Najib taknak ikut nasihat Tun walhal everybody knows that Tun always back him up.adakah kerana takut dikatakan menjadi proxy Tun????atau selama ni hanya Tun yg anggap Najib anak Tun walhal Najib hanya akan dgr penasihat utama beliau iaitu his Mem Rosmah????
salam,.
semoga Tun dipanjangkan umur….
selamat hari raya mohon Maaf Zahir & batin.
ASSALAMUALAIKUM TUN YANG AMAT DIHORMATI,
SAYA UCAPKAN SELAMAT BERPUASA DAN SELAMAT HARI RAYA BUAT TUN SEKELUARGA.
TUN SEMALAM KAWAN SAYA ADA TERIMA BUKU MELALUI POS…
BUKU TERSEBUT BETAJUK “KIFARAT MAHATHIR MENUJU DIKTATOR” …PENULIS KAMARAZAMAN YACOB… BILA SAYA MEMBACANYA SAYA DAPAT AGAK PENULIS BUKU INI ADALAH ORG KUAT PAK LAH. MCM ARAHAN KJ AJE BUKU NIH. KALAU TUN SUDAH MEMBACA BUKU INI TLG KOMEN CIKIT BLEH…
Dear Tun,
KHAIRY KATA DIA KENA SABOTAJ, WELCOME TO THE REAL WORLD. HE SHOULD COMPLAIN THAT TO HIS FATHER IN LAW.
Dear Tun,
I remember in the early 2000s you did suggest that we use gold dinnar as a trading currency,avoid use of USD..it was really an amazing idea..I wonder what happen to it now? I have read a report by STRONGWEB,Consulting Div on Dinar & Dirham-Monetizing Gold and Silver.
Salam..Mdrose
BAD NEWS FOR TODAY!!!!
Pemilihan ditangguh Mac 2009 bagi lancar peralihan kuasa
TERBARU: Mesyuarat Majlis Tertinggi (MT) UMNO hari Jumaat sebulat suara bersetuju menangguhkan pemilihan parti itu dari Disember ini kepada bulan Mac tahun depan dalam usaha mempermudahkan proses peralihan kuasa. Dengan keputusan itu, pelan peralihan kuasa 2010 kini tidak berbangkit kerana Presiden UMNO, Datuk Seri Abdullah Ahmad Badawi dalam sidang medianya berkata, keputusan menangguhkan pemilihan itu adalah untuk melancarkan proses peralihan tersebut. Bagaimanapun, MT UMNO memutuskan mesyuarat perwakilan UMNO Bahagian tetap akan diteruskan seperti jadual awal mulai 9 Oktober ini. Ditanya adakah beliau akan mempertahankan jawatan Presiden pada pemilihan Mac depan, Abdullah berkata, keputusan terletak ditangannya dan semua pihak boleh membuat andaian masing-masing. Beliau juga menjelaskan, beliau akan membuat keputusan berhubung kedudukannya sama ada akan bertanding atau tidak sebelum 9 Oktober apabila mesyuarat UMNO Bahagian bermula â 26/9/2008
Assalamualaikum Tun,
Lately, I’ve been following you blog with great interest. And I must say that you are one AMAZING GUY ! I am just so lost for words on how you are able to mobilise your supporters with every word you say. If only you will share this secret, you’ll queue up overnight to be your first desciple.
Anyway, from your above comment about pegging the Ringgit, I was just wondering what will happen if/when the economy grows? Do we dig for more gold to maintain price stability (since the Ringgit is pegged)? And if the world were to heed your idea (and their economies also grow), my god the whole world would be so engrossed with digging for gold. Ah! Another industry to employ millions. And when we have finally dug all those gold, maybe we can find a way to store it … and maybe cook it to eat too !
FYI, in the modern era (1972 till now, 2008), we live in the world of ‘Fiat Money’ which roughly means that we hold the money based on faith ( http://en.wikipedia.org/wiki/Fiat_currency ). As the real economy grows, we will be able to print more money to maintain price stability. WITH A PEG TO GOLD, THE DIGGING WILL START 🙂 !
Tun, you should know that … BNM was the one printing our money under your 22 years of watchful eyes.
Which brings me to the next question ….. why are you so against currency speculators ? I guess our fellow Malaysians should be reminded that from late 1980s till 1992 our central bank BNM was known as the world’s biggest speculator! We were we great weren’t we? BNM was moving exchange rates in the name of Central Bank “Intervention” when we were actually speculating USD/YEN and GBP/US. The world (except Malaysians) knew about this. Malaysia was the GREATEST SPECULATOR on earth (no joke)!
But like every great party, the music has to stop some time. In 1992 BNM was hit left, right and centre for buying, read as SPECULATING, on the British pound (which the Bank of England later allowed the pound to depreciate). We were supporting the ORANG PUTIH’s money !!!! A NATIONALIST like you allowed this ? Nearly wanted to sing God Save The Queen on that day !
Anyway, George Soros won, we lost. Is that why so hate him so much and blame 1997 on him? How many billions of Ringgit did we lose in 1992’s Black Wednesday? How many roads and hospitals could have been built for our rural folks for BNM’s casino gamble ? So much for Malaysia’s morality.
And here you are propounding the virtues of pegging the Ringgit. I salute you ! You are great !
You can take your followers to hell and back and they do not even know it !
Respect !
Salam Tun,
Mungkin Menteri Kewangan dan penasihatnya tak terfikir apa yang Tun fikirkan.
Good luck Tun & Selamat Hari Raya
Dear Tun,
I have been following Che Det since its inception. Age seems to glow with you. You are as witty and smart when you were the PM. I think the raykat do miss your leadership qualities.
Salam Dr Mahathir,
We know that DS Najib is your favourite to be the next PM. Alas Allah has got
some other plans, and it has been detoured to June 2010.
Now DS Najib is the new Finance Minister. As I’ve stated in my last comment
which had got deleted, I’ve no confidence to this man as the next PM or
even the Finance Minister. Already he is not agreeing to the idea of repegging
the Ringgit.
I do not know how will he take it to your so called ” ridiculous suggestion”
of using the Ringgit as trading currency. He still thinks that the country is
still on track to achieve the 5.7% growth or hit the 5.5%.
Didn’t he realise that Malaysia is no longer one of the favourites in the Global
FDI List ?
With Maybank still clambering to meet the RM8.6bil proposed acquisition
of PT Bank International Indonesia (BII) , do you think the FM gives a heed
to your suggestion of trading using the dinar emas.
While you give brilliant ideas how to prevent the country’s economy being affected
when Tsunami strikes, they are busy making their wallets thick with cash.
Anyway we have come to almost the end of Ramadan. Maybe you and your family
are going back to Titi Gajah.
We are going to Tawau on 2nd Raya to celebrate a certain Klan family gathering.
So I like to sign off by saying,
Selamat Menyambut Eid Fitri to your family
and please forgive me for all those comments
that went off topic or had left a crease in your
heart/mind
Wassalam.
Hi Tun,
We don’t have so much gold.. If we need to peg our Rinngit to the gold and what should the exchange rate. Then we always have to depends on the gold keeper. It will come back to square. I looked at the Rinngit bill and wonder what is the meaning of “WANG KERTAS INI SAH DIPERLAKUKAN DENGAN NILAI”. The Key word is “nilai”. I guessed this NILAI means value. Then I think about what value can Bank Negara gurantee. Then I try to think what we have in Malaysia. Yeah we have a lot of natural resources. However it came across my mind what does Singapore have? Then I am stuck. They almost got nothing except people and small piece of land not even enough to go for agriculture. I strongly belive their people is the value to the country. They have a lot of foreign talent mostly from Malaysia. I really don’t wish how our Gov. find a way to peg the currency but rather think about how to add value to our currency.
You are the best and I wish you all best. The people are missing you badly.
Sure the idea was good but yet ridiculous as you have mentioned, maybe you would like to conduct a survey throughout the world to see if there are traders keeping this sum of ringgit to deal with Malaysia. I could expect foreign traders refuse to face loss through exchanging for ringgit.
Assalamualaikum:
Bagi saya pengapungan
ringgit berbahaya dalam
keadaan ekonomi sekarang.
Jika kita amalkan tambatan
ringgit;kita berada dalam
keadaan permainan yang selamat
untuk sebarang kemungkinan.
Jangan bila dah terantuk baru
nak sedar.Bagaimanapun,peng-
apungan ringgit ada juga
kebaikannya…..Cerita ini
umpama”Sorong pun makan,Tarik
pun makan”
mengenai penggunaan ringgit
sebagai bayaran kepada barangan
eksport kita…itu perlu dilakukan
sekarang juga…mengenai emas….
saya amat bersetuju”Wang sebenar
ialah Emas”
Salam Hormat…
Assalamualaikum yang di kasihi Ayahanda Tun dan Bonda sekeluarga.Saya doakan semuda Ayahanda Tun sekeluarga sentiasa di rahmati ALLAH…aminnnnnnnnnnn…..
Saya berharap Ayahanda Tun dapat mengadakan majlis jamuan hari raya dan majlis ramah mesra serta menjemput kesemua ahli2 blog Chedet.com.untuk hadir ke majlis tersebut.
Sekira nye majlis ini diadakan saya percaya ramai ahli2 dari berbilang kaum yg menyokong Ayahanda akan hadir kerana mereka2 ini terlalu rindu untuk berjumpe Ayahanda Tun.
Saya berharap Ayahanda Tun dapat menentukan tarikh majlis tersebut.
Satu lagi cadangan saya kalau bolih seorang daripada ahli2 blog Chedet.com dapat menjadi leader untuk mengadakan majlis jamuan hari raya dan menjemput Ayahanda Tun ,Bonda dan keluarga.Saya turut mencadangkan modal untuk majlis itu dikongsi dikalangan ahli2 blog.
Harapan saya semuga majlis ini akan mencapai kejayaan untuk membuka mata, baik pemimpin2 BN dan pembangkang bahawa Ayahanda Tun masih mempunyai penyokong dikalangan rakyat Malaysia.
HIDUPPP AYAHANDA TUN….HIDUPPP UMNO….HIDUPPP BN…..HIDUPPP MELAYU…HIDUPPP BANGSA MALAYSIA….HIDUPPPP NEGARAKUUUU YANG KUCINTAIII…..
Dear Tun,
Today this morning as I opened the TV1 and world news was at hand and President George Bush in his announcement declare that the economics of the United States will be having quite a hard time for a long while.
Apart from that the White House does invite the Obama and McClain to discuss the turmoil of the financial crisis that faces the nation of United States as a whole. The opposition was invite and the candidate were being invited to share and brief of this crisis scenario should anyone take over the leadership of the nation.
I believe the present BN coalition on the ground of humane and love for our âNegarakuâ will able to convey and seat together to drive the financial crisis that hit out nation Malaysia. Both parties will be able to share their ideas and preview and exchange economics and financial management previews to come to conclusion that is subjective to ignite and blaze the economic engines of the nation again, lest many will not afflicted from the suffering so that at least there is a government to rule.
I believe many brain and experiences is far better than one that have been dwelling for the past 51 years.
Dear Tun,
Once we never heard of Bank Islam. Now even non muslim bankers want to have their islamic products. I not sure where the islamic banking originated but it sure get the interest of many islamic nation and at some point they came here to study what is this islamic banking that we are talking about.
Maybe it is really islamic or maybe its just another way of saying ‘interest rate’ in arabic tounge. Nevertheless people around the world really hunger of new kind of ways to manage money and trade.
If not because of the Labuan crisis that made our bank islam lost money to some bad loan, perhaps our bank islam is one of the respected bank in the world by now. It shows that this islamic banking system also is not invincible to manipulation.
We all can see how much the capitalism has hijacked the world monetary system. Even in islamic point of view the interest paid or receive is considered ‘riba’ something which is ‘haram’ or forbidden is islam. That led me thinking. why dont islamic nation come out with a better way to trade? how did the islamic empire at its glory trade? what system were applied?
SALAM TUN Dan Semua,
Selamat Hari Raya AidilFitri
Dalam negara malaysia yang tercinta ni, Jawatan perdana menteri hanya dijawat oleh 5 orang sahaja.Tun adalah PM yang ke-4 dan yang paling lama menjawat iaitu lebih 22tahun.Jadi PM yang baru ni(tak nak sebut nama)kalau ada masalah atau tak faham diwajibkan bertanya pada yang telah menjawat jawatan PM ni.ingat 22tahun!!!.Banyak pengalaman. Ini tidak, buat seolah olah dialah yang paling hebat dan bijak.Tun punya idea senang senang dibatalkannya.Dulu sebelum dapat PM pijak semut pun tak mati.
Dear Tun,
Salam Ramaddan, selamat berpuasa sekeluarga.Ini kali kiriman saya dalam bahasa Inggeris sepenuhnya. Tak sempat terjemah, nanti blog Tun penuh…
SHARP TUN
Tun, your style is still there undiminished despite the age. SHOOT first talk later! SEMBUR dulu kemudian baru lap. Your first para is just that!
Tun, your unapologetic, unyielding trait shows. Your disdain for Sâpore is all over and you never fail to belittle them where you get the chance. You refer Sâpore as âtinyâ but donât get carried away. Sâpore is the financial, currency capital for this region and the âbackdoorâ foreign elements will use to attack destabilise ringgit (Donât confuse this is not Sâpore action but supposedly foreign elements using their free market) Jaga the âtinyâ pintu belakang!
Pegging Eperience
Tun, your pegging experience was different. Then, the whole Asia was in turmoil, everyone including powerful Japan Korea,Taiwan,Sâpore were severely affected. Asean countries faced bankrupcies. WE WERE UNDER ATTACK! We were in a ânothing to loseâsituation. We are certain who the enemy is, we are certain of their intention. So no greater harm can come we try something unorthodox. Under the fog of war(currency war) we can justify any action. The end justify the means.
Situation now is not like that. Nobody is attacking us concertedly. America itself is in turmoil hardly the launching pad to destabilise our economy and there is great global uncertainty. Nobody is certain where the danger lies.In uncertain times it is rash to act with certainty. In desperate times maybe e.g. you see smoke coming out of a building do you immediately jump to possible death. If you see flames then there is no doubt.
Tun, I see smoke you saw flames to warrant drastic action? To be fair Tun, you did not suggest immediate action. Tapi hati hati Tun jangan terlalu ghairah menganjurnya â ITIK SEMUA BELUM BALIK JANGAN NAK TUTUP REBAN!
ACT YOUR SIZE
Tun, we are a small trading nation. No matter how we flex our muscle the world will not change to follow us. We have to follow them (unless we are Americaâs strength) Jangan terlalu megah, ekonomi negara di buat taruhan.
Zaman megah kita akan sampai akhirnya, jika kita tidak hancurkannya sendiri.SENTIASA UKUR BAJU DI BADAN.
S..TAN
ASSALAMUALAIKUM WARAHMATULLAH HI TAALA WABAROKATUH
Yang di hormati lagi di sayangi Ayahanda Tun dan Bonda Siti Hasmah
Dr Mccoy tells Mr.Spock that the captain (Captain Kirk) feels MUCH MORE SAFER with Mr Spock BEST GUESS RATHER THAN OTHER PEOPLE’S FACTS .
THAT GOES WITH YOU SIR.THE RAKYAT OF MALAYSIA FEELS MUCH MORE SAFER AND SECURED WITH YOUR “RIDICULOUS SUGGESTION AND UNORTHODOX THINKING” RATHER THAT OTHER MINISTERS/PEOPLES/EXPERT’S FACTS AND FIGURES.
Semoga Ayahanda Tun dan Bonda selalu berada di dalam limpahan Rahmat ALLAH SWT
WASSALAM
Tun Dr M,
Kata bukan orang yang ahli dalam soal kewangan & Ekonomi, tetapi cadangan yang Tun Dr M beri benar-benar ‘out of the box’ dan saya tak fikir ada the so-called economist di Malaysia ni berani buat atau even pernah terfikir nak buat begitu. Simply because you are genius. Kenyataan DSNTR menolak Ringgit pegging untuk kini dan masa depan agak kelihatan kurang bijak especially beliau tidak ambil sedikit masa ataupun inisiatif untuk mengkajinya atau berbincang dengan yang ‘AHLI’ dalam bidang ini…dan ada ramai yang langsung tak faham apa yang Tun Dr M cadangkan, TAPI tak pernah nak bertanya..
p/s Ada baca wawancara dalam akhbar The Sun semalam (25 Sept 08)mengenai Mukhriz. Saya rasa dia ni jelmaan Tun.Very bold.’Ikhlas tapi bold’ (pinjam tajuk lagu ZainalAbidin)
Selamat Aidil Fitri Tun Dr M….
Hahaha. Witty and sarcastic as usual. Love you muackss
Assalamualaikum Tun,
Sekarang sy dah faham apa maksud tambatan ringgit. Tun, rugilah kiranya pihak kerajaan tidak mengambil Tun sebagai Penasihat..
Tun memang dilahirkan di Malaysia untuk menjadi Leader. Jikalau saya sebagai rakyat biasa, pasti perasaan untuk berada dibawa management Tun tidak akan bimbang dengan keadaan ekonomi yg terumbang-ambing, malangnya..Pak Dolah dan Khairi Jamalaudin sangka depa terror, so ego menguasai diri justeru rakyat biasa yang terkena tempias.Wahai Datuk Seri Abdullah Ahmad Badawi dan ahli keluarganya..ingatlah..kalau gagal kali ni..anda sekeluarga akan dikenang sebagai the WORSE P.M and kroni.EVER till kiamat.Tolonglah..ambillah nasihat dari Tun Dr Mahathir yg dah berpengalaman lebih 22tahun..kalau check dlm wikipedia Tun adalah P.M paling lama bertahan di seluruh Asia Tenggara.Hah tuh diah..betapa terrornya ( bukan nak bodek ) tak tumbuh tak melata kalu tak sungguh saya tak kata..Ingat pepatah melayu..
MALU BERTANYA SESAT JALAN.
p/s Selmat Berpuasa Tun dan Mem TUn .
Hashimah
Cheras
Salam TUN,
Saya suka dgn penjelasan2 TUN tentang isu2 di negara kita. Silalah TUN ke http://kerja-nabi.blogspot.com/ utk TUN meneliti komen2 terhadap isu2 yg diutarakan.
Selamat Berpuasa, Selamat Tingkatkan Amalan utk Dapatkan Lailatul Qadar & Selamat Hari Raya AidilFitri.
Love U TUN.
Wassalam
Assalamualaikum Tun.
Terus terang saya katakan saya tidak begitu arif berkaitan dengan ekonomi. Tapi jika kita lihat dari pengalaman lalu tindakan Tun menambat mata wang kita telah membuahkan hasil. Yang menjadi peliknya kenapa Najib tidak menerima saranan Tun untuk menambat semula matawang kita.
Ekonomi dunia sedang menjunam. Punca utama apabila beberapa buah syarikat kewangan gergasi telah gulung tikar, tetapi Najib telah mengambil sikap tunggu dan lihat. Takpalah dia Menteri Kewangan 1. Kitapun tunggu dan lihatlah hasilnya.
Selain dari isu tambatan ringgit semalam dalam Buletin Utama 25/09/2008 ada 2 berita yang menarik perhatian.
1. Kenyataan yang dibuat oleh kalau tak silap saya Zainal Aznam yang mengatakan Malaysia adalah pelabur terbesar dikalangan Negara Asean. Betul ke?? Ada sesiapa yang boleh mengesahkan perkara ini.
2. Sejak bila BPR menjadi badan mencegah maksiat??? Berhubung dengan kes seorang ADUN PKR di Perak. Yang menjadi kelakar, kenapa JAIP tidak mengetahui hal ni. Nampak sangat ada udang sebalik batu dalam kes ini. Saya bukanlah pro PKR tapi sekurang-kurangnya mamat ni berani bersemuka dengan media. Kalau nak diikutkan kes maksiat dikalangan orang UMNO lagi banyak kalau nak ditimbulkan. Tak tahu lah apa nak jadi.
Selamat berpuasa Tun. Wassalam.
This is the best joke ever for this blog site… TDM thanks for making my day.
Trade in RM!!…lol.
Excuse me..gtg and watch the F1 race.. thx to you..for making it easier to make it a success..hey we learnt from you..NOT to do make the same mistakes as you did.
Now I don’t need to go to Sepang anymore..cheers
Assalamu’alaikum Tun dan semua rakan bloggers
Sebagai tanda sokongan kpd Chedet.com, saya bangunkan malaysianvote.blogspot.com. Diharap ia dapat membantu. Tolong promote sikit!
Untuk keputusan undian terkini, sila lawati:
http://malaysianvote.blogspot.com
http://malaysianvote.blogspot.com
http://malaysianvote.blogspot.com
Tun,
I read the papers 2day and, yet another hindu temple demolition and tis time in Ampang. I also read tht Samy Velu commented tht the opposition has failed in living up to its promise. But, for a moment, I was left wondering as to the fact tht this issue also happenend numerous times during your administration and also during Samy’s reign in power. Do politician’s always play this ‘double game’ ?
Tun,
Also, tht sex-related scandal in Perak. The youth movement in the state has strongly requested tht the religious authority take stern actions against the PR officials. Then, what about the one former Malacca chief minister, whom got embroiled with an underaged girl? Is this not another ‘double game’ ?
Tun,
Pak Lah’s administration is weak, like how everyone is saying. I totally agree with all tht. To the extent the PM had to do a spot check on our Komuter and LRT services. This is a classic example of INEFFICIENT GENERALS. Pak Lah could not even hit the proper notes when he ‘court marshalled’ Ahmad Ismail about his comments on the Chinese community being immigrants. Why not use ISA against this guy like how Pak Lah’s administration did to RPK, Teresa and tht poor journalist?
Tun,
During your time, ISA was also used, but the pattern of usage i.e first to the last step of the process, you dictated it. A real class of an act because there would be very minimal outcry. Its in the damn process and you executed it like a real ‘PERSON IN POWER’. But, now, with Pak Lah’s generals, this guy is looking at doomsday.
Tun,
I would like to take this opportunity to wish you and Cik Hasmah a prosperous and fantastic Hari Raya. Thanks a lot for everything, my dearest Tun.
Dear Tun,
Some ppl say we going to be in trouble when America economy going down, but Allah is fair, when something bad happens there always hikmah behinds it.
Maybe due America failure, maybe its time for us Malaysia and other countries might take this an opportunity to break away from America influence? I dont mean to sound rude to America but it doesnt make sense due to their CEO failures and strange “betting” we got to suffer too. Doesnt mean we cant be friends with America when we break away from their system and influence.
Sometimes I wonder why Anwar and Pak Lah/KJ still wants to “himpit” America? America is having troubles, we should focusing extra on other country that makes more money so we can get some benefits out of the deal, example like Russia, China and other developing countries. I respect Tun decision when focusing deals with Japanese during that time, it gives us alot of benefits in terms of trades and technology.
Dear Tun
I am distressed that the collission accident that occurred between 2 LRT trains recently in Bukit Jalil. I was under the impression that when it was introduced in KL, it was fully automated in its track driving and not being driven by a human driver. If it is being driven by a human driver, then as we all know, humans are susceptible to errors sooner or later. Government should consider fully automating the LRT with the latest technologies with no human involved. Have sensors to detect the distance between trains and automated braking mechanism. Automatic sensors should also exist to identify if a track has been de-railed or there is a gap between tracks (eg. a railway link has been removed or broken). Thank you Tun please bring it up with the Transport Minister.
Tun
Please topple Pak Lah
How?
Tun raise temperature make banyak cakap cakap extreme macam RPK style sampai Pak Lah angry and send ISA polis untul jemput Tun.
Rakyat jadi angry and bangkit topple Pak Lah
Pak Lak Pack Lah Go Lah Cukup Lah
Assalamualaikum Tun sekeluarga n kengkawan chedet.com…
Salam Aidilfitri n Selamat beribadat/ solat Terawih utk beberapa hari terakhir bulan posa ni….
Semoga hajat kita semua untuk menjadikan Malaysia seperti dulu…aman..makmur…tiada lagi kontroversi di sana sini … memilih pemimpin yang benar-benar berwibawa…akhirnya Malaysia berjaya di mata dunia….Amin…
YB. Datuk Mukhriz,
Semoga menjadi penyambung impian Tun dan penyelamat untuk warga Malaysia yang tercinta….Amin
Salam Tun. The problem is our leaders are too asrragont to admit their ignorance. So, instead of admittng their shortcomings they just brush aside your views on the pegging, or may be they do have a clue what it is about. Its like the Malay sayings “Bodoh Tak Boleh Diajar”. Selamat Hari Raya Tun dan keluarga.
a’kum,
sikap ‘berani gagal’ Tun telah banyak membantu Malaysia…TERIMA KASIH
tertanya-tanya bagaimanakah idea penyelesaian krisis ekonomi dari orang seperti NEIL dan CRAZYIDIOT..atau hanya pandai bangkang sahaja..heheh
SELAMAT HARI RAYA MAAF ZAHIR BATIN KEPADA TUN SEKELUARGA DAN WARGA CHEDET.COM..
MAAF ZAHIR BATIN JUGA KEPADA DATO’ SERI ABDULLAH AHMAD BADAWI DAN KHAIRI JAMALUDDIN serta PARA ” yes man ” ( jika anda baca )
(p/s : walaubagaimanapun saya tetap berharap Lah & Co letak jawatan dengan segera )
Salam Tun
I would like to thank you for giving me the opportunity to write in your blog and to give my opinion and my only intent is to see prosperity and goodness in Malaysia the Islamic way. I would like to take this opportunity to wish you Selamat Berpuasa till the very last day of Ramadhan and remember the puasa determines the raya. Minta maaf zahir dan batin, Tun and also to all other fellow bloggers on chedet.com and do drive carefully when you all balik kampung. I wish all Prime Ministers (or ex-PMs) have the wisdom and decency to keep in contact with their rakyat with the use of blogging such as you, Tun, and it will help them to know the feeling and opinion of their rakyat. Anyway the instruments are there and it is up to them to use them. Only Allah SWT guides whom He wills.
I would like to end by comment with the well-said advise of one Malaysian doctor :-
“Adalah menjadi tanggungjawab media kerajaan dan swasta yang dipegang oleh mereka yang muslim untuk menghormati hari raya dengan menyiarkan program-program yang bersesuaian dengan ajaran Islam. Amat malang jika tujuan Hari Raya untuk kita membesarkan Allah dan bergembira dengan disiplin dan peraturan yang ditentukan syarak, tiba-tiba siaran media kita menyiarkan apa yang bertentangan dengan itu.
Islam bukanlah jumud sehingga menghalang umatnya bergembira dan berseronok suka. Namun, bukanlah dengan cara yang jelas dilarang oleh Islam seperti gelagat-gelagat artis dalam media atau filem yang melampaui batasan yang wajar. Tidak wajar disiarkan lakonan atau tarian yang tidak dapat diterima oleh penilaian syarak.
Hari Raya adalah manifestasi daripada ibadah puasa di bulan Ramadan. Jangan media asyik mencemarinya saban tahun. Sepatutnya, jika kerajaan benar-benar ada kesungguhan, banyak yang dapat diselamatkan dalam kehidupan muda-mudi hari ini. Namun, apabila kita cakap lain sementara tindakan kita lain, maka rosaklah generasi kita”. Dr M.Asri
TUN,
You are truly a brilliant man. We salute you!
SELAMAT MENYAMBUT LEBARAN BUAT TUN SEKELUARGA.
ENGR. SHEIKH MUSTAVFAA GHAZI & KELUARGA
Salam…Tun yg d kasehi,
What a precious mind you have Tun….saya rasa montori montori dlm kabinet pak lah pun tak leh lawan dgn pemikiran Tun…
Ha..sesiapa yg nak jadi PM tu..rasa rasa nye perlu dan harus ada sedikit sebanyak pemikiran semacam Tun ni…nik aziz, hadi, anwar tu ada layak ke nak jd PM tu…pandai ko cakap orang putih macam Tun ni…pandai ko buek karangan macam Tun ni…apo lagi nak memikir hal2 negaro dan luar negaro…ish..ish..ish..hebat Tun…
You are forever the best…
Selamat Hari Raya Aidil Fitri…
Dear Tun,
Economist can’t even agree on what really happened to historical financial downturn and crisis. Economics is not an exact science (not yet anyway). A lot of the principles and basis of our present day ecomomic studies are still theories which are not yet proven conclusively.
Therefore Tun is most welcome come up with your “ridiculous” suggestion.
However, Tun has not gone far enough. How about this outragous suggetion;
Instead of using any currency or even gold for international trade. We us a “benchmark unit”. Lets call it the Din (out of respect for the Dinar).
This Din is a medium of exchange of all the currencies in this world. It will allow nations of the world to decide what exchange rate they want to afix to this Din. But the nations will also bear the responsibility of the effect of said peg to the Din.
When these nations want to conduct cross border trading they will use the Din for this purpose. As such the importing nation need to buy Din to give to the exporter and the exporter country will accumulate Dins as national reserves and imports.
The Din is the property of all independent nations. So rightfully it must be overseen by an association of all nations as equals. No like the World bank or the IMF of UN which is not of equals.
Nations holding US$ reserves will be beholden to the US. The US will decide what rate they want to peg to the Din. these nation can then exchange the US$ for Din in orther to keep the Din as reserve.
Now this I call an outragous suggestion.
Another one is to do away what the capitalist system (using interest rate to regualte the flow of capital) but revert to a negative interest based system (zakat) without abandoning the natural law of supply and demand system(free market).
Jamal
[email protected]
Tun,
I have to disagree with you on using gold to back every note. Yes, you don’t run the risk of a trade deficit like the US has done for God knows how many years.
But can the country’s Finance Ministry and leaders stand to see the economy running on slow gear while her neighbors like Vietnam run at full speed (probably faster than it can handle judging from the rate of inflation) with money borrowed from the future (in the form of treasury bills)?
I believe the latest political ‘tsunami’ has caused every politician to become populists and such a move will spell doom for their political future.
Tun,
Your paras 14 to 17 received full support from nookvillage. It is important not to shut our mind on this issue.
Tun,
To add further,
All major currencies in the world are depreciating aginst the US Dollar because of the near US Presidency election, this means that the ringgit is not losing its value but the US Dollar is gaining value. So, there’s really no reason to peg the Ringgit against the US Dollar.
The depreciation is caused by AAB’s bad record in attracting more investors and implementing fuel hikes which only worsen the problem. With higher fuel rates, and stagnent income, corruption and crime rates will definitely increase. Its simple logic.
1 + 1 = 2
What more if he structures it in a way that all the business goes to his son in law. It is totally unfair to all Malaysian citizens. This is why many many professionals and non professionals are leaving the country. You have to stop the termites at the root of the tree not at the branches.
The Americans are smart. In fact even smarter than us (opposition included).
They spin up tales and cause other nations to suffer when they are in trouble.
Sometime back, they saw an opportunity and blew the SARS and Bird Flu issues out of proportion to dent the Asian economy.
Now rogue traders are back at it again and it’s milk from China that is targetted, with a hope to rattle our economies again.
All because they are in a bad financial state right now.
Yet, our opposition seem to love every bit of it, even influencing the current administration to follow suit.
Yes, its good idea..
“Malay is Muslim
Muslim is Malay”
Happy Aidil Fitri
From ABJAD Malaysia.
Dearest Tun,
I seriously think you should reconsider rejoining UMNO. Also, please rescue Datuk Mukhriz from UMNO Youth.
KUALA LUMPUR (Sept 24, 2008) : The Seputeh Umno Youth division lodged a police report today against Seputeh MP Teresa Kok, claiming she had insulted the Royal Malaysian Police and the egg, which is an essential food of the underprivileged.
more
http://wtfmalaysiangovernment.blogspot.com/
Apa boleh buat Tun
dan bersabarlah wahai kita semua rakyat malaysia
Sudah ditakhdirkan kita sekarang BerPerdama MenteriKan
orang yang “BODOH SOMBONG”
Dear Tun,
I actually am speechless. I want to say alot but much have been said. I just hope that a “miracle” would happen before the end of this year because i could not live another day thinking of how bleak the future may seem with the present situation…I actually dont really care who is governing as long as they take the people interest…more than anything else under the sun..as the ministers spite one another..we here suffering each and every day..some even killed their own brother for arguing over food..did you read that in the newspaper…probably thats one written but how about those in silent suffering…And how about those killing Ex-Adun Wife, Robbing Adun wife…aren’t they trying to tell..that if they cannot speak just rob them all…
Anyway Tun..
Thank You for still being the ever brilliant “outspoken” you..Who else could stand for us..The minor
salam Tun,
it seems that people like T and Kilmer underestimate Tun’s abilities.They sounded just like so-called economic experts who belittled his economics rationale during the 98 crisis.
All sorts of abuses and degrading remarks were hurled Tun’s way while he held steadfast to his beliefs.
The way I see it,Tun is a brilliant calculated RISK TAKER while most people prefer to PLAY SAFE.
I concur with ‘worried’ that Dr. Zeti is a RISK AVERTER.
When Tun is sure of something which he had carefully thought out,you better do it boy!Nobody can stand in his way..not even the Bank Governor!
Tun is a hands-on type of person so much so that the rakyat know who to trust whenever there is a problem.
THE IMPORTANT THING IS TO TRUST YOUR LEADER’S CAPABILITIES.
IF THE MAJORITY OF PEOPLE DON’T TRUST THEIR LEADER,HE SHOULD RESIGN.
Having said that I urge DSAAB to resign ASAP and his successor to appoint Tun as Minister Mentor / Senior Minister / Advisor.
What a waste for the nation not to value the thoughts and policies of Tun.
His ideas are visionary and almost always far better than what the current crop of leaders combined (in BN and also the opposition) can muster.
to Patrickz218,
I am very happy that you are leaving the country!Good luck to you and others like-minded.Hope you will get / achieve whatever you craved for that this country could not offer you!
Wassallam
Jeng3
Assalamuaikum Y Bhg Tun,
Selamat berpuasa dan menyambut Hari Raya tak lama lagi.
Kalau Dollah tu boleh berfikir macam Tun alangkah makmurnya negara ini. Agaknya dia dah tak boleh fikir out of box dan asik nak minta ide dari penasihat memanjang tu yang mungkin memaksa dia serah Menteri Kewangan pada Dato Najib.Yalah Menteri Kewangan mestilah seseorang yang punya fikiran macam Tun walaupun bukan pakar kewangan tapi punya idea hebat yang boleh diketengahkan.Ini nak pegang jawatan hebat tapi tak bijak susahlah.
Penasihat pun bukan nak bagi semua idea dia nanti sapi punya susu lembu dapat nama. so lu fikirlah sendiri ! agaknya itulah yang penasihat kata pada dia boring minta idea hari-hari.
kalau tak mampu bagi pada orang lain sajalah kan.Jangan menteri Kewangan saja nak bagi,kalau bagi semua jawatan lagilah elok semua rakyat seronok.
Salam
MDZ
Tun,
Whether you realize or not, it seems like whenever any disaster happened, many suggestions are direct or indirectly related to Islamic way of life.
If I not mistaken, TG Nik Aziz did suggest and start doing this kind of trading in Kelantan long time ago.
Indeed he suggest many other things that have been blindly rejected by our federal government eventhough they are fully followinng Islamic teachings and not even contradicted with civil law.
Its time to start thinking proactively, more Islamic way rather than blindly support the racial party above everything else.
You see, the truth will prevail … soooner or later. Selamat Hari Raya Aidil Fitri.
http://globalbreakingnews.blogspot.com/2008/09/use-of-isa-has-affected-govts.html
http://blog4pro.blogspot.com/2008/09/rpks-wife-first-time-to-kamunting.html
indeed, pegging ringgit to Dinar is quite feasible, as long as there are strong back up from countries that have good economic foundattion, in layman’s term, good “running mate” for Gold Dinar.
Why?
1) if we, Malaysia, being a Muslim contry were to implement this Gold Dinar as our trading rates, we should be fully aware that there are numerous enemy of us that really hates to see a developing Muslim country to prevail economically at world stage. Imagine, Malaysia as trading nation, being sole trading venue of Gold Dinar worldwide, how much capital flows are we talking about? 5 billions? 9.7 billions? per day? sheeshh.. even a laid back purse snatcher or unpopular pirates will be tempted to “attack” Gold Dinar or Malaysia. so, good “running mates” could somewhat ensure we are insured from this attack.
2) undoubtedly, the most “hot”commodities right now is oil and gas. since crude oil price keep on fluctuating everyday, it is prone to speculation. thus, the future and derivatives stock were born in order to migitate the risk at one time, but now it has turn its back as instrument of gambling and..SPECULATION. since this “hot” commodities is actually main trading product for developing country especially OPEC country, i would humbly suggest that the Gold Dinar initially will be used among OPEC country to migitate the fluctuating of crude oil prices. replacing future and derivatives stock as instrument to migitate the risk.
3) since Gold is not consumable item, it will be use again and again and again. because of it is naturally impossible to produce gold, this resource will be facing depletion. the demand will be high, but quantity supplied in the market will be moving at unprecedented pace. it will contribute to the appreciating value of Gold. so, good govenring international laws and regulations must be further put into exercise to prevent any participating countries of Gold Dinar trading to excessively accumulate massive Gold Reserve. maybe at certain point limitation on production and retail price of Gold should be impose.
sigh.. so much thoughts for Gold Dinar. seriously, if it were to make real, i would like to be included in this glorified event as Gold Dinar is again being an international trading currency as it was before during time or Kegemilangan Islam.
Tun,
My lecturer always say no idea is a bad idea. It just need more study and fine tuning here and there before it works. I am sure someone will pick up this ridiculous idea of yours (it may not be a Malaysian or Muslim)and study and implement it and do wonders to many people in the world in years to come. Many great things or achievements we have in this world today comes from ridiculous ideas . Jz look at Ibnu Sina,Bill Gates, Thomas Edison, Alexandra Graham Bells ,and many more.But dont worry all the pahala and reward will go to u in the form of saham akhirat. I do believe all the Great Ridiculous Ideas is actually a special honorable gift in a form of Ilham from Allah SWT and He doesnt just give it to anybody and without a purpose.
In relation to what happen to USD Financial Empire , I would like to say:
a.Serve them right, it is a punishment from Allah for their Direct and Indirect Cruelty to many people in many poor countries and for what they had done to Iraq and Afghan. No doubt when USA economy is in trouble the world feel the heat but I guess it also a punishement from Allah to all of us especially the Muslim because we were helpless not being able to defend our Muslim frens due to our weaknesses.But this may be a starting point for the Muslims in the whole world to strike back at them ,not by physically attacking them with military armour, but by strengthening our belief to implement the Islamic Financial System and show to them that their secularism &capitalist idea have many flaws. It is easier to tell them off now that their method in using finance to coerce other people is now getting back at them . Even their USD can be equate to TOILET PAPER soon ( my Investment Lecture used to say that).
To Tun & FAmily
Wanna Wish U Selamat Hari Raya & Maaf Zahir Batin.
Rozamnah
Penjual Mee Rebus Johor
Salam Tun….
Nampaknye ramai bloggers kat cni mintak buat sticker chedet.com,
Saya SOKONG TUN….buat la… tanda sokongan kite yg masih menebal kpd Tun. Special edition untuk semua warga chedet.com….BUAT LA…BUAT LA…BUAT LA….BUAT LA…….BUAT LA……BUAT LA…. BUAT LA…..BUAT LA………..
Assalamualaikum Tun,
Yang saya paling gembira mengenai blogging ialah kami dapat berbicara dengan Tun lebih dekat lagi tanpa halangan. Saya rasa untuk sekarang, kita float ringgit kita supaya RM kita tidak akan jatuh dengan USD.
Memang sekarang, duit kertas kita sudah lari dari matlamat asalnya iaitu sebagai wakil barang berharga seperti emas,perak,….. Saya setuju dengan idea menggunakan dinar yang mewakili emas ‘physical’ yang disimpan di tempat selamat. Ini dapat menyelamatkan dunia daripada spekulator ‘forex’ yang hanya memikirkan untung.
Untuk menjadikan RM sebagai currency sememangnya idea yang sangat bagus. Tetapi ia memerlukan persetujuan rakyat dan rakan kongsi di luar negara dan terutamanya, hanya pemimpin-pemimpin negara yang berkuasa dan berwibawa dapat melaksanakan plan ini. Ia seperti Bahasa Malaysia. Kalau kami masih lagi mengutamakan bahasa lain untuk berkomunikasi, bagaimanakah hendak memartabatkan Bahasa Malaysia sebagai Bahasa dunia?
Ini hanya pandangan saya. Sekian. Wasalam.
Selamat Hari Raya, Maaf Zahir Batin 🙂
We have to change the way we think following the worst financial crisis at Wall Street. What was good the last few decades had become irrelevant. Please do not reject a new idea based on conventional wisdom. We will not lose anything by carrying out an indepth study of Tun Mahathir’s suggestion. He has been proven right so many times before.
Salam Tun,
In Your Previous Post: Snippet: Loss of Confidence; “#7. The rakyat are right in being fed-up with corruption by UMNO PLUTOCRATS”.
Ayat Power : PLUTOCRATS.
Check in wikipedia about PLUTO (Astronomy):
1. On August 24, 2006, The International Astronomical Union (IAU) defined the term “planet” for the first time, and Pluto excluded from this definition (bermakna Pluto tak diiktiraf sebagai planet lagi, cuma dianggap sebagai objek).
2. In January 2007, the American Dialect Society choose “plutoed” as its 2006 word of the year, defining “to pluto” as “to demote or devalue someone or something”.
Yess… Tun, due to these PLUTOCRATS, UMNO will follow PLUTO. For 51 years since merdeka, known as dominant ruling party. Some of PLUTOCRATS already fedup with this status for a long time, and ready to be known as “the most respected opposition regime” in the near future…..even had been proven by UMNO Penang (they opposed everybody, inclusive their tag team in Barisan).
Selamat Hari Raya
Dear Tun
1. Ringgit – Again I disagree with you. Malaysia is NOT a big trading nation in comparison to developed countries. Unless if you compare us with the poorer African countries. What is RM200b export? It is just a mere USD60b? What is the annual trade value of 1 single company alone in the US ie Microsoft, GE, Wallmart, etc? The amount of trade for any 1 single of these companies would have swollow the entire Malaysia. We are already lagging behind other Asian countries in economy, let alone the world. So yes, to get the world to trade in Ringgit is a ridiculous suggestion. If they do then it is a bonus.
2. Pegging – Now to peg or no peg has its advantages and disadvantages. Altough fixing the trade currency to avoid fluctuation and speculation, then the ‘real’ value of the Ringgit and Malaysia financial economy/status is not reflected. In fact, we are talking about free trade for a decade like AFTA, WTO and we have achieved non of that. Malaysia is NOT a free trade nation and we have always been very shortsighted. Imagine if you go to another country as a tourist and try to change from RM to their local currency, and they say RM is not recognised.
3. Gold – If the world wants to use a more effective currency, now I agree with you that Gold is a more stable currency. Nevermind if you have got no cash, as long as you’ve got the GOLD. Gold is recognised by all countries in the world.
You have once proven and saved Malaysia by pegging the Ringgit. I believe that pegging should be done in special circumstances – but not forever. We cannot lah peg, not peg, then peg in a short span. Then what is our credibility in the free and globalising market?
you are brilliance Tun !!!!
selamat hari raya maaf zahir batin
Salam Tun Dr Mahatitr
Sebenarnya apa yang Tun cadangkan ini itulah yang sebenar-benarnya halal dan sah di sisi Islam.Kerana ia akan mengurangkan KEGIATAN SPEKULASI KEWANGAN.
Dan ini juga betul kalau tinjau dari sudut AJARAN CONFUCIUS yang
tercatat dalam RAKAMAN ISTIADAT(li ji)
Confucius tak setuju dengan kegiatan kegiatan SPEKULASI, dan
berpendapat PENDAPAtan mesti didapat dengan cara betul.
Tetapi kaedah ini mesti dikaji dengan teliti kerana kita hidup
dalam SISTEM YANG TERBUKA ,perindustrian pelancungan adalah satu perindustrian yang penting di Malaysia.
Alangkah Baik satu Seminar tentang hal ini diadakan selepas hari raya .Dicadang Seminar ini dipengerusi oleh TUN DR.MAHATIR dan disertai olehpakar intelek seperti DOCTOR FONG CHENG AUN dari MCA, Dr SUBRAMANIAM dari MIC ,dan ahli ahli intelek dari setiap PARTI KOMPONENT BN
US dollar will collapse….http://www.youtube.com/watch?v=jy7urlWLP84&feature=related
and plenty of other materials…
Tun,
Tumpang lalu:
SCOR, you said, “Again, the fluactuating value of USD may not be so harmful if we can keep our trading balanced. This is because both our import and exports are in USD. So only the difference will be affected by the change in the value of USD. I am an economist but this is only my opinions.”
1. We are using the USD for payment purposes with our trading partners only, but the USA is NOT OUR ONLY TRADING PARTNER.
2. We are trading with other countries as well, and some of those countries, especially the European countries, prefer to have their goods paid in the Euros.
3. Hence, if we were to continue using the USD as our trading currencies, we would lose twice or even more than that at times. Why? Because we have to first convert our weakening RM to an ever weakening USD then to the powerful Euros or to the other powerful currencies, whatever the situation may present.
4. So, when we have to pay higher premium for our raw materials, which would result with higher selling price, and as an Economist, what would you think would the result be? Bravo! Our Products would become more expensive and less competitive.
5. When we cannot sell our Products, but have to continue procuring raw materials, would we still be able to âbalance our trading?â We would be lucky if we could sustain our economy without going into recession!
6. The only party that would continue to benefit from the current arrangement is the USA! Hence, the reason why the Gold Dinar never took off!
7. I am not an Economist, but a businessman who thinks like the Tun, i.e. âout of the boxâ and unorthodox.
Salam Tun & bloggers,
setahu saya, harga emas pun tak stabil zaman ni, naik turun agak volatile.. http://www.kitco.com.. about 3 days ago, emas naik dekat USD90 in dalam satu hari!. pada pendapat saya, emas pun sekarang menjadi mangsa manipulasi, sama seperti manipulasi fiat money… di mana.. sesiapa sahaja boleh membuka akaun simpanan emas (memang ada bank di malaysia yang mempunyai servis ini). apabila membuka akaun tersebut, penyimpan membeli emas dalam gram yang dipegang/dibekalkan oleh bank, tetapi bank mempunyai ‘fine print’ menyatakan “bank tidak mempunyai kewajipan membekalkan emas (actual physical gold) kepada pemegang akaun”. jadi, nampaknya, emas pun seakan-akan jadi fiat money sekarang ini. ada juga pertubuhan tertentu yang mengecam manipulasi pasaran emas (GATA).
selamat berpuasa & selamat hari raya.
salam tun,
maaf keluar tajuk.dengar hari ni ada mesyuarat tergempar dengan majlis tertinggi UMNO.Pada saya kerajaan sekarang ni terlalu banyak buat kegemparan sampai tak fokus buat kerja untuk menyelesaikan ekonomi negara yang sedang gawat.orang buat mesyuarat tergempar macamana nak selamatkan negara.ini buat mesyuarat tergempar macamana nak selamatkan perut sendiri.Dah enam bulan selepas pilihanraya dah berapa kali buat mesyuarat tergempar.gaji yang presiden UMNO dan kabinet umno tu adalah dari titik peluh rakyat malaysia yang setiap hari bekerja membanting tulang untuk membayar cukai.tetapi UMNO lebih berminat buat mesyuarat bagaimana pelan peralihan kuasa.di negara Amerika negara mereka berfikir bagaimana nak selamatkan negara di Malaysia pm dan kabinet berbincang bila pm nak pencen.Adakah sistem pembelajaran kita yang seperti hampas sehingga presiden dan kabinet UMNO tak tau mana priority ?negara kita bukan maju seperti jepun dan amerika hingga boleh di buat auto pilot.negara ini sudah lama hancur kerana pemimpin UMNO hanya pentingkan perut dan kocek sendiri.Saya tidak hairan parti china sngat marah pada umno kerana pembayar cukai yang membayar cukai adalah 80% dari pengusaha dan rakyat keturunan china.tapi hasilnya adalah cukai yang dibayar hanyalah untuk membuat sidang tergempar yang tidak membantu langsung bagaiman caranya syarikat mereka boleh terus hidup dalam kegawatan ini.Dalam bulan ini dah berapa kali buat mesyuarat tergempar bincang bila pm nak pencen.saya tidak terkejut umno makin di sumpah dan di laknat oleh rakyat malaysia kerana tidak amanah terhadap bangsa dan negara.
salam tun,
maaf keluar tajuk.dengar hari ni ada mesyuarat tergempar dengan majlis tertinggi UMNO.Pada saya kerajaan sekarang ni terlalu banyak buat kegemparan sampai tak fokus buat kerja untuk menyelesaikan ekonomi negara yang sedang gawat.orang buat mesyuarat tergempar macamana nak selamatkan negara.ini buat mesyuarat tergempar macamana nak selamatkan perut sendiri.Dah enam bulan selepas pilihanraya dah berapa kali buat mesyuarat tergempar.gaji yang presiden UMNO dan kabinet umno tu adalah dari titik peluh rakyat malaysia yang setiap hari bekerja membanting tulang untuk membayar cukai.tetapi UMNO lebih berminat buat mesyuarat bagaimana pelan peralihan kuasa.di negara Amerika negara mereka berfikir bagaimana nak selamatkan negara di Malaysia pm dan kabinet berbincang bila pm nak pencen.Adakah sistem pembelajaran kita yang seperti hampas sehingga presiden dan kabinet UMNO tak tau mana priority ?negara kita bukan maju seperti jepun dan amerika hingga boleh di buat auto pilot.negara ini sudah lama hancur kerana pemimpin UMNO hanya pentingkan perut dan kocek sendiri.Saya tidak hairan parti china sngat marah pada umno kerana pembayar cukai yang membayar cukai adalah 80% dari pengusaha dan rakyat keturunan china.tapi hasilnya adalah cukai yang dibayar hanyalah untuk membuat sidang tergempar yang tidak membantu langsung bagaiman caranya syarikat mereka boleh terus hidup dalam kegawatan ini.Dalam bulan ini dah berapa kali buat mesyuarat tergempar bincang bila pm nak pencen.saya tidak terkejut umno makin di sumpah dan di laknat oleh rakyat malaysia kerana tidak amanah terhadap bangsa dan negara.
salam buat pemimpin bangsaku yang terulung..
hari ini saya terbaca BERITA HARIAN MENIPU dengan tajuk utamanye:
Khairy ada bukti disabotaj..
hehehheehehee lawak2 orang kene sabotaj ko pun kene sabotaj…
KHAIRY ko nie kener belajar mengenali bangsa melayu.. itu bkn sabotaj, tp itu menunjukkan orang bencikan ko sejak sebelum PAK LAH jd PM paling kayu di malaysia lagi….
khairy berdoalah ko agar BAPAK MERTUA ko yg kuat tidur tu agar lambat turun klau tidak aku dapat rasakan kemusnahan seorang anak yg bapaknyer mati gantung diri….
nama saya asri bin majid
asal orang rembau
p/s khairy menang ketua pemuda umno bahagian kerana politik wang
jngn takut BPR tu pun sama jer..
…if the USD is not backed by anything, it simply means the American can just print their currency at will and spend it as they pleased. How nice if we can print money as and when necessary. The only cost is the paper.
Salam The Greatly Honoured Tun,
I am a big fan of yours, sir. Has always been and will always stay that way. My late uncle, Tan Sri Megat Junid Megat Ayub, was your staunch supporter and one of your great allies.
I have nothing to say but only grievances over how the country is being managed currently. We miss you, Tun. We miss your uncanny and intelligent measures in tackling just about any troubles or dilemma.
I know you are a reading person as it manisfests in all your words and actions. The only question that I have of you, sir, is why did you ever hand us over to the wrong head,AAB?
Dear Tun,
Please come to our rescue, sir. Please help this beloved land of ours to sustain and endure all imminent pains…Ya Allah, please bring back this man of many talents to us…..Please return him to our sides… We need him, Ya Allah!
Ya Allah,
Selamatkan Tun dan keluarga dari sebarang musibah. Kurniakanlah beliau dengan tubuh badan yang sihat dan akal fikiran yang sentiasa tajam. Peliharalah beliau dari sebarang bala…Amin Ya rabbal Alamin!
Don’t you ever leave us, unattended and uncared for, sir….We need you….!
MAAF ZAHIR BATIN, SALAM EIDUL FITRI BUAT TUN DAN KELUARGA
p. zarina m. khalid
TELUK INTAN
PERAK
Advise from Kapas Island Pirate.
Forget about money, just batter trade-lah. I batter for rice and other food stuff from coconut and fish. Maybe, Malaysia should do batter trading too ?. We can get what we want from our oil & Gas, rubber, oil palm etc etc for food or whatsoever we want-lah.
Old pirate style,,,,why not ?. In fact, it was how things were traded in the olden days. We got China bowls from bird nests in Sarawak, very true-lah,,,just visit the Longhouses and you can still see the old China bowls.
Just thinking out of my coconut !
Well done Tun, you are the best and keep up with your blogging, its make my day every time I read yours.
Try reading mine ;http://kapaspirates.blogspot.com/2008/01/rm20-million-ship-wreck-for-waters-off.html
Pirating is my life style,,,,paradise at Kapas island.
Capt.
salam Tun,
i’m not an economic expert but i think it will work. we should give it a try. today is my last day in the office will be on holiday for 2 weeks. unable to read your next piece (no internet at home, expensive cannot afford). So i would like to wish Tun and family selamat hari raya aidilfitri maaf zahir batin.
p/s looking forward to meet u at your “rumah terbuka”.
mengapa kita tak boleh melakukannya (mgunakan RM yg bersandarkn nilai dnar emas)? mgkn sebab byk kekangan dlm urusniaga antarabgsa yg byk guna US Dolar. Jgn fikirkn yg diluar dulu tp fikirkn bgaimana nak mulakn dlm negra. jika dlm negara kita berjaya maka org akn nampak bkti kejayaan perlaksanaan sisem ini.
jika berjaya dlm negara maka perluaskn dikalangan negara OIC, bila mereka yakin dgn kjayaan kita insyaallah mereka boleh ikut. masalahnya, kerajaan skrg diam seribu bhasa bhbung idea ini. sgguhpun idea pgunaan siling emas sbgai salah satu btk simpanan sudah ada sprti MAYBANK dan PUBLIC BANK tp ia belum disokong oleh instrumen lain utk memudahkn urusniaga. utk mbuat pengeluaran tunai masih kena pergi kaunter bank dan byr harga brg dipsat mbeli belah masih guna kad debit/kredit/ATM dr akaun simpanan dlm btk matawang yg bersandarkan pd nilai US Dolar. akaun simpanan siling emas masih dianggap sbagai btk pelaburn jgkamasa pjg dan bknnya utk urusniaga harian.
kita perlukn seorg pemimpin yg bijak bfikir dan berani bertindak melaksanakannya utk mjdkn apa2 idea yg dilihat praktikal utk dilaksanakan mjd kenyataan. bknnya pemimpin yg lembab, pak turut, pentingkn diri, tidak futuristik dan takut dtekan oleh kuasa besar dan pasaran dunia.
strong leadership means making difficult, sometime unpopular decision as a mean to achieve the end…. at the same time keeping things under control… we are now somewhat out of control… can someone out there fix this? can Najib fix this, or can TR …??? leaders need to show clear direction…
Salam Tun,
“The US Dollar is backed by nothing”
So, most of the Malaysian is more “kaya” than hollywood superstar la as our RM pegging to gold
Selamat Hari Raya & Maaf Zahir Batin to Tun & Keluarga
Assalamualaikum Tun, actually I don’t really understand what”s pegging all about until I read your suggestion n comment about pegging, baru lah saya faham.So I think d present T.P.M who happens to be d finance minister recently shud seek your advice before bluntly say NO to it…. Saya nak mengucapkan Selamat Hari Raya Aidil Fitri Maaf, Zahir Batin pada Tun serta keluarga.Dari Azman.Mokhtar
Dear Tun,
How about using Euros which is getting stronger by the day and since you have said US is a bankrupt economy?
Taking this opportunity to wish you and Tun Hasmah, Selamat Hari Raya, Maaf Zahir & Batin. Any open house for your fans?
Your blog fan!
Dear Tun,
It is good to have opinions from non-ecenomist because they are not trained with the economic fundamentals taught by the westerners which sometimes contradict with the teachings of Islam. However, in relation to the trading in MYR, we might want to take some lessons from what happened to Iraq.
When they announced to trade their oil to EUR from USD few years ago, the US knew that this will simply bring down the value of the USD. Their economy could collapse if trading of substantial amount of oil is done in Euro because ppl are not going to use their USD anymore and that is one of the reason Iraq is attacked. Of course that is the worst that could happen to our country considering the amount of our trading is relatively low compared to the bigger trading nation.
Gold dinar would most probably be rejected by the westerners but we can start from our own community. Just my 2 cents.
Assalamualaikum, Tun. Its news to me to be informed that US has no longer gold bullion in Fort Knox, and go totally on Bretton Wood program.
2. As for the unorthodox suggestion, is really an idea that we all should go in depth.
3. But there is a trait here. It seem that Malaysian government likes to sit on its laurel. This is because I dont understand why Kedah government do not want to end the agreement on Penang…! And still continuing receiving payments which are supposed to be undervalued.
4. Can Tun or anybody out there enlightened me on the issue. It seems that present history teachers and phd holders keep on telling the same old – orthodox? – story to the students and public.
tun, if we linked paul wolfowitz, his doctrines, his ‘bosses’, the PNAC and of course anwar together, would we not see now why anwar is so brave and adamant to seize power? ….i suggest readers go do their own research over endless conspiracy theories (some so ridiculous it may seems) available at you tube and other search engines. For starters may i suggest :-
part 1 – 8, the great conspiracy
http://www.youtube.com/watch?v=2OVn89Ly0nk&feature=related
http://www.youtube.com/watch?v=k27vBSyyhLI&feature=related
http://www.youtube.com/watch?v=OiL0r6TTDE8&feature=related
hthttp://www.youtube.com/watch?v=FmSy2-Dm1Ng&feature=relatedtp://www.youtube.com/watch?v=Ohttp://www.youtube.com/watch?v=9g5xGU_uCks&feature=relatediL0r6TTDE8&feature=related
http://www.youtube.com/watch?v=eJhuMh1uBK0&feature=related
http://www.youtube.com/watch?v=hYkJKZElWSg&feature=related
propaganda, myth, truth or conspiracy?…..you decide!
Assalamualaikum TUN;
Saya cukup bangga dengan Tun, walau tidak di endahkan Tun masih lagi mengambil tahu nasib rakyat.
Pada pendapat saya, idea yg Tun berikan sangat baik, tapi sudah pasti tidak akan di ambil sedikit idea Tun. Semua ini kerana PHD,
Peminpim yang sedia ada ini.
Tanpa perasaan sedikit malu, dengan bangga PM sekarang boleh berkata dia mendapat sokongan penuh.
Saya sentiasa Berdoa agar pemimpin sedia ada cepat meletakkan jawatan.
Tun,
Dikesempatan ini saya ingin mengucapkan
SELAMAT HARI RAYA
MAAF ZAHIR BATIN
Tun, adalah inspirasi saya. I Love You……
TUN dan warga chedet.com.
1.Saya tak belajar ekonomi. Maka tak tahu lah nak buat ulasan akan hal ini. Tapi saya penyokong tetap blog TUN masih mahu nak berkongsi pendapat dengan kekawan yang lain.
2.Setelah membaca pendapat2 dan meneliti sokongan dari pakar2 ekonomi disini saya yakin akan formula ini boleh diterima pakai.
3.Ada beberapa entries biasa lah mereka2 ini,macam Neil,T dan ada seorang dua yang lain sentiasa tak setuju semua yang tulis disini.
Tapi muka2 ini masih ketageh membaca tulisan2 TUN. TUN ada aura.
4.Ternyata TUN seorang ahli ekonomi hebat bertaraf global. Sangat membanggakan. Pasti USA akan marah jika idea TUN di bentang dan di bincangkan keperengkat antarabangsa.
5. TUN telah pun melihat kegawatan ekonomi sebegini boleh berlaku 10 tahun yang lalu.Dan meramalkan dasar kewangan dunia ketika itu boleh memberi impak buruk pada ekonomi global jika tidak diubah suai.Nyata ia berlaku sekarang. USA sedang nazak.
6.Saya maseh teringat kenyataan President IRAN beberapa bulan lalu ada mengatakan Amerika akan menjadi negara MUFLIS sedikit masa lagi. Kenyataan nya itu telah pun nampak akan bayang2 nya sekarang.
7.Tapi malang nya kerajaan tidak cuba berusaha mengunakan theory TUN untuk dikaji dan diteliti secara mendalam akan hasilnya. Terus sahaja cakap “Tak boleh dan tak betul”.
8.Saya kagum akan kepintara fikiran TUN. Kerana itu juga lah TUN dihormati kawan2 dari seluruh dunia dan di geruni oleh negara2 yang cemburu dengan kemajuan yang TUN pernah ciptakan untuk Malaysia.
9.Teringat kata2 Presiden Sukarno.(Tapi di ubah suai versi Malaysia)
” Walaupun Malaysia ada 1000 pemimpin macam AAB tu, mereka boleh mengalihkan bangunan Parlimen ke Putra Jaya. Tapi jika Malaysia ada 10 orang yang berjiwa seperti TUN mereka boleh mengegarkan seluruh dunia.” Wallahwa’alam.
Saya terkejut Shahidan dah jadi penasihat AAB. Sejak kebelakangan saya selalu “Terkejut”.
Tun,
I’ve always supported the idea of using gold. Even in Quran says about the value of gold. Why can these so called ‘economist’ see this.Idiots!
Your are always the best Tun. Cant wait to see you in Melbourne.
Hazman Abu Bakar
Tun yang dikasihi,
What else can I say about you.I am not an economist either but you have made the whole idea of pegging and currency trading very understandable to ignorant citizen like me.
You are not just a great leader but also the best teacher.I have nothing to gain from praising you sir.You’re just BRILLIANT.
TAKE CARE TUN. SALAM UNTUK TUN HASMAH. SELAMAT HARI RAYA AIDIL FITRI.
Tun tak buat open house ka? Tak nak ke jumpa kami in person …hehe?
Salam Tun,
current trend….major finance institutions in UK have been hiring top Phd graduates in Engineering as their finance/banking/investment managers. What are the engineers doing in the financial sector? If we can think “out of the square”, we will find the answer. Finance industries really need peoples that have the skills of “able to analyze the situation and proposed the possible actions” and that’s what engineers learn at school. We don’t need only well trained financier to run an established finance system, but we really need people that critical & think ahead for new challenges in our financial system. For me, you are not really an unorthodox thinker but your ability to analyze the current situation make the different. Good on you.
Get Hari Raya Graphics Here
~daripada mohamad syahmie~
TUN,
One of the criteria to be a PM is you need to be better than your people,You have it but Pak Lah dont.
Salam Ayahanda Tun. Maaf tersimpang lagi saya nampaknya. Banyak para komentar menyertakan liirik lagu BTN Warisan dalam komen mereka. Saya kagum masih ramai yang menghargainya. Saya mula dengar lagu ini dinyanyikan pada tahun 1982 di Kem Bina Semangat Frasers Hill. Saya berumur 13 tahun ketika itu, dan masa tengah di adakan seminar BTN dan tetamu jemputan adalah En. Abdul Aziz Shamsuddin untuk memberi ceramah, saya curi masuk dan duduk atas lantai penjuru belakang lecture hall untuk mendengar sendiri ucapan beliau. Kagum. Itu saja saya mampu kata hingga ke hari ini. Beliau menceritakan tentang asas polisi Tun kepada âBuy British Lastâ dan bagaimana Margaret Thatcher ketika itu terasa hentamannya sedikit demi sedikit. Bagi seorang budak berumur 13 tahun, saya tak lupa semua itu. Kemudian dinyanyikan lagu Warisan ini. Liriknya kalau saya tak salah adalah dari En.Shagul Hamid dan En.Zulkifli. âAnak kecil bermain api,nanti terbakar jari sendiriâ. Hebatnya semangat kita pada masa itu, begitu mantap dan jati. Itulah Melayu di zaman Perdana Menteri Dr. Mahathir Mohamad. Hari ini Tun, janganlah anak kecil masih lagi bermain api. Nanti terbakar diri sendiri. Peralihan kuasa secara nego masa zaman Tun adalah di sarankan oleh Tun secara ikhlas dan suci demi untuk menyelamatkan parti dari politik wang dan daripada kepimpinan yang korup serta tidak langsung berkelayakan. Tetapi jika pada masa ini di amalkan lagi proses ini, maka saya cuma bertanya apakah niat sebenarnya mereka ini? Menyelamatkan parti daripada apa? Adakah terdapat keikhlasan dalam niatnya? Ataupun atas kepentingan diri atau individu sahaja? Seperti kata MUBARAK, baliklah ke asasnya. Go back to basic, serahkan semula hak penentuan kepada ahli akar umbi. Ini lebih bijak dan wajar bagi ketika ini. Salam dan terima kasih Tun.
salams tun and family,
first of all, selamat hari raya aidilfitri, dan maaf zahir dan batin.
2. do you actually read ALL of our comments? hope you can answer this in your next snippet.
3. one need to be open-minded, to listen and weigh any suggestion, before saying NO. it is apparent, that the tradition of BN to say NO to any suggestions by opposing parties, regardless whether that suggestion has merit or otherwise. i remember the kinabatangan and jerai mp’s getting the “whip” for agreeing with one motion made by the opposition in parliament.
4. since you are now not in umno, and has been constantly criticizing the premier, i think he/they have considered you an opposing party (not opposition political party tho). therefore, any suggestions from you, no matter how good it is, will be summarily dismissed without second thought. heck, they might not even think about it. just no, no, no, no… like a broken record.
5. if we continue this act of opening our mouth faster than the speed of thought, i think it will be very challenging for us to become a developed nation.
thank you tun.
YB Tun,
Idea Tun memang “class”. Saya pun bukan ahli ekonomi macam Tun tapi seperti Tun saya pun yakin ada banyak cara untuk mengatasi kemelut yang ada sekarang.
Satu yang kadang-kadang saya terfikir ialah masalah-masalah ekonomi yang wujud sekarang ini ialah kerana adanya ahli ekonomilah. Kewujudan ahli ekonomi menyebabkan berlakunya masalah ekonomi. Kerana “bijaksananya” ahli ekonomilah yg mengapungkan US dollar kepada hanya kepercayaan sahaja. Dalam Islam pun stail ekonomi bergini adalah HARAM. Dalam Islam urus niaga yg halal mesti ada barang yg berbentuk fizikal, kira macam kalau bayar guna duit kertas pun, duit kertas itu ada sandaran pada sesuatu yg fizikal, bukannya atas dasar kepercayaan sahaja.
Tapi itulah kalau kita berkata pada ahli ekonomi, mereka akan cenderung untuk memberikan solution yg paling sukar sekali. Lebih banyak “CAN’T” daripada “HOW”
Dear Tun,
The USD is somewhat currently strengthening in the currency market thus making RM Weak. For the past 1 1/2 years or so, the USD reached its peak, meaning it was Weak in the currency market compared to EURO for example, somehow technically it reaches its peak and rebounded and now will probably band range in terms of technical for the currency market.
In the longer term, I suppose If Malaysia were to hold the USD too long when it was bought at the pegged price of 3.8 against the 1 US dollar, I believe, YES RM will be definitely lose out.
I do hope our economist(s), Don’t really know who they are, is the most wise of all, should already anticipated these Technical Game.
Especially, with the upcoming US President Election. US Dollar should continue to hold strong or at least maintain it’s range.
Will the US Dollar appreciate further? The probability is there but how much more? This we have to ask the Market Movers, i.e US Government or like Countries Tun mentioned, Financial Institutions/Bank etc, etc.
Maybe our DPM knows what he is talking about, after all, he has the necessary expert adviser available close to him.
Malaysian citizen should be of Knowledge as well, just enough to ensure that we understand what the EXPERT ECONOMIST in Malaysia are saying. Then, we would not jump the gun in believing or not believing everything they are advising upon.
I think the DINAR is workable, lots of work for Malaysian Government to table it though, to study it in and out comprehensively, but not impossible to do.
Where there is a will there is a way!
GOOD LUCK to our Ringgit Malaysia and the Leaders who run them. Kindly ensure that what ever the decision, are for the good of the PEOPLE and a correct one please.
We the Young Malays are watching with great interest.
Thanks Tun. Dr. Mahathir you are an EYE OPENER to all of us.
Salam.
Agreed,Tun.Malaysia is a big trading nation,Tun.
A capitalists’ nation.
A nation where capitalists own the politicians,Tun.
Tun needs to do this urgently. Appeal to all Malays under 21 of age to study and master these knowledge en masse. They will in the future uplift Malaysia to greater height of glory.
Study business, economics, finance, accounting, management, Arts&Social Science major such as Malay language, Graphic design, mass communication, journalism, political science, psychology and Law.
Just ignore Dr.Syed Alwi.He doesn’t know what he is doing.
Remember this, Tun, Capitalism works, Tun.It always does.
Maintain Industry!
Glorify Capitalism!!!!!
Exterminate Wood!
Extinguish Fire!
A Malay is a capitalist.A capitalist is a Malay.
aslmkum tun
saya mencadangkan tun supaya buat sticker untuk dilekatkan pada kerata
dan motosikal,sebagai lambang sokongan kepada tun.biar bodolah badawi
tahu yang tun masih ada penyokong yang setia (disamping memberi semangat kepada penyokong senyap tun yg berada diluar sana).kalau soal pengedarannya,serahkan saja kepada pengunjung2 setia blog ini.
dan kalau boleh biarlah semua posting tun ada versi melayunya.
aslmkum tun
saya mencadangkan tun supaya buat sticker untuk dilekatkan pada kerata
dan motosikal,sebagai lambang sokongan kepada tun.biar bodolah badawi
tahu yang tun masih ada penyokong yang setia (disamping memberi semangat kepada penyokong senyap tun yg berada diluar sana).kalau soal pengedarannya,serahkan saja kepada pengunjung2 setia blog ini.
dan kalau boleh biarlah semua posting tun ada versi melayunya.
Dear Tun,
Do you support the bailout in the US? Were we not criticized when we tried to bail out our companies?
Why hasnt any islamic countries (such as Iran) come out with a statement that the world can now can see the evil of capitalism?
President Iran is only allowed to roam in a few areas within New York. Yet US was at one time criticized Saudi Arabia for imposing limited traveling area within Saudi
Temasek is going to invest heavily on traders/banks in the US. Is it wise for Khazanah to do the same?
About the pegging, I believe there is no point for us to do any actions for now, since our leader may not be bold enough to comprehend the situation and reasons. They have conventional thinking, influenced by western financial system and 4th floors. How can you expect the blind to lead the blind?
Dear Tun,
Isn’t it wise for UMNO Supreme Council members to make a firm stand for Pak Lah to go immediately. Don’t they realise that their political enemy is just at their doorstep waiting to make a final onslaught to wrest control the government. Don’t be surprised that there could be a “dawn raid” like the famous “Dawn Raid of Guthrie” !! Be caution! Don’t get caught with their pants down!!
Regarding D PARA 14 & 15.
Basically D Statements do make sense, but it will not only base on Malaysia ability to export but to be able for D customer to buy our exports. During D 90’s many other countries still could effort in buy our exports where relatively it’s cheap, gradually it had bcomin much expensive when D affect globally, especially big multinational Banks. SubPrime effected badly on BAD Bond which i am sure a lot of D Asian bank had bought. Here D imports sustainable hav decreased dramatically especially lower loan to be given up. Many country try to salvage D economy by puting higher rates on the loan & tighten D annual Budget.
Although I can understand y US keep on spending but yet, y shld Malaysia Spend so much.? true enough when there is money more spending can overwhelm D Demand, but excessive spending will exhausted D country capabilities on surviving.
Trading with RM within locally or oversea might be done but as in my comment above earlier, there shall be a mechanisms dat backin up D RM from inside for starter b4 goin to peg RM with multiple currencies. There r no true solutions. As like few commentator hav written above, any idea can be a brilliant idea as long few twist r given.
Bear in mind dat D chinese & D japs r holding masses amount of Dollar & had bcoming the creditor Of US. if eva any Dinar shall be done in short period, China, Japan, Korea, even Our Beloved kins D singpore & Indon will be in chaos. Surrounded by harsh conditions…Malaysia wont be to far away,
I believed dat D main reason Y D BNM reluctant To peg D RM could cause by multiple worsen Condition within or outside Malaysia. No matter how bad TUN idea on pegging D RM, it must be opt for options wif a few adjustment especially on how to stabilize our RM.
Another issue to be arise is D patriotism of Malaysian can help preserving D nation economy by using D local Product & start collecting and stabilize Malaysia stock market, by buying as part of saving and investment can save our local companies while fulfilling our needs
So, i am tryin to dictate here, dat Para 14 & 15 r very complex routine which i m sure most of D reader without gud foundation might literally confused.Lastly Tun idea can be done after all
Dear Tun,
Pak Lah nak tunggu apa lagi? Nak tunggu bulan jatuh ke riba dia ke? Bulan tak akan jatuh tergolek di pangkuan Pak Lah. Jangan mimpi di siang hari lah!!
Pak lah ni betul muka tempe, tak malu ke ! Jagalah maruah sikit. UMNO dah rimas tengok gelagat Pak Lah yang masih berdolak-dalih tak sedar diri. The earlier he goes the better for the country. Does he know that the country is in a very bad shape. Everything he says means nothing at all to the people anymore. It is sickening to observe Pak Lah behaving like a “grown up cry baby”. The grassroot members just cannot give him the “pacifier” anymore.
The “pacifier” is already rotten and could “intoxicate” him. He has done a lot of damage to UMNO party. It is disintegrating by the day.
And for KJ, please don’t dream to be elected as Ketua Pemuda. You are gone come December no matter how much influence you try to convince the youth members. You are the greatest culprit to destroy UMNO and I just could not imagine if you were to be elected.
Tun yang terhormat,
Mengapa Kementerian Kewangan selalu harus dipegang oleh Perdana Menteri atau Timbalannya sahaja? Sebenarnya ianya bukanlah satu soalan yang susah nak dijawab. Sebab pengaruh dan kuasa! Tetapi itulah salah satu kelemahan didalam sistem kita. Maka kita tidak akan selalu mendapat seseorang yang terbaik untuk jawatan tersebut.
Mustapha Muhamad mungkin salah seorang yang mempunyai kelayakan yang cukup baik tetapi beliau hanya boleh pergi setakat Timbalan Menteri sahaja di Kementerian tersebut sebab beliau bukan TPM atau PM.
Bukan senang mahu dapat seorang PM sehebat Tun dahulu yang boleh belajar dengan cepat teori-teori ekonomi dan kewangan. Masa Anwar dahulu kita sudah melihat bagaimana seorang yang tidak berkelayakan boleh memporak perandakan ekonomi kita semasa dia menjadi menteri kewangan dan malah dia cuba untuk menguna kesempatan sebagai menteri kewangan untuk membeli pengaruh di dalam parti.
Sekarang kita melihat bagaimana keputusan-keputusan berkaitan ekonomi kita selalu menjadi bahan ketawa orang luar.
Sebagai seorang doktor saya pasti Tun tahu bahawa ‘diagnose’ yang tepat amat penting untuk menyembuhkan sebarang penyakit. Penyakit kita sekarang adalah kita mempunyai terlalu ramai orang yang bergelar pemimpin tetapi tidak mempunyai kelayakan yang cukup.
1. Generally I agreed agreed with Tun’s idea. Pegging the Ringgit requires lots and lots discussion. But I wonder if pegging the currency to a certain “value” of gold is appropriate since we have seen in recent months that the value of gold reaches up to USD 1000 an ounce.
2. The event of gold value reaches up to USD 1000 and falling back to USD 750 an ounce shows that the value of gold can be manipulated. Since we have seen that hedge fund traders has trillions and trillions of dollars pocketed by unscrupulous derivative trading. I still think that the value of gold can be manipulated by coordinated buying by hedge fund traders.
3. However, contradicting to my 2nd point. Even though gold is still up for speculation and manipulation. the value of gold will not drop to new lows in this modern day. Thanks to god which has created it to have and hold value. Therefore minimizing the risk of severe currency devaluation. And similar as Tun, I am also not an economist, therefore my argument could be ridiculous.
4. In my opinion, to use the Ringgit as a trade currency in order to increase the demand for Malaysian Ringgit thus strengthening its value might be a risky business. Even though we are one of the largest trading nation. One must remember that if trade volume decreases, it will affect our currency too. Thus, making the currency vulnerable to speculation and attacks. We have seen that speculative attacks to our currency is causing capital flights out of Malaysia.
5. We have seen that the value of USD fiat money is due to the demand for it in the market and I wouldn’t like to see the Malaysian Ringgit suffer the same thing we had in the late 90’s. China has trillions of dollars in reserves and as the the Arabs. But if the dollar keep weakening day after day. These economic behemoth’s might call it a day and disposing their US dollar in order to protect their wealth. The disposing the US dollar will further devalue its currency and we know that the US dollar is losing its value day after day after they abandoned the gold standard after the Bretton Woods agreement failed.
6. In my opinion we all should go back doing what Tun has teach us a long time ago which is ” Belilah Barangan Buatan Malaysia ” , Establish our own brand. Invest in the Malaysian economy. Reduce imports and increase exports whether its raw materials, finish products, professional expertise and etc. Increase R&D for our own product and trust on the creativity and innovation of Malaysian. Sometimes we know how the Malaysian products fair with products of other country in terms of quality. But I don’t doubt that we can produce goods as good as others. By reducing the need for imported goods, I think we are building our economy on more sound and solid foundation.
Salam Tok Det,
Dulu US kata Malaysia atau Dr. Mahathir, sebagai negara/pemimpin yang ‘bail-out’ company ‘sakit’.
Sekarang US pulak ‘selamatkan maruah’ company ‘sakit’, di negara dia orang.
Emmm…. 2 X 5 atau 5 X 2…?
Berkenaan RM nak dijadikan sebagai ‘penyandar’ nilai yg boleh diterima pakai.. OK jugak tu.
Tapi, sbelum terlaksana mungkin ada sedikit pengorbanan ‘besar’ yg tak popular kena di buat dan akan jadi isu besar para patriotik-sem.
Mula-mula Ringgit Malaysia kena tukar nama ke Dollar Malaysia. Dan tanda matawang RM mungkin kena tukar ke tanda $.
Putrajaya hendaklah di jadikan ‘ibu’ kepada semua sektor/komposisi utama asas ekonomi Asia Tenggara dahulu.
Kenapa …. ?
Regards… Harap Raya Tahun ni Tun buat Rumah Terbuka yaaa…
Selamat Menyambut Hari Raya kepada Tun, dari saya sekeluarga…
Abd Rahim Helmee bin Awang
Rahimah Rahim – Wife
Muhammad Hakimee – Son
Yasmin Waheeda – Daughter
Yasmin Adreena – Daughter.
Dear Tun,
24 Sept — Cadangan Presiden UMNO, Datuk Seri Abdullah Ahmad Badawi untuk menangguhkan Mesyuarat Agung Perwakilan Bahagian dan Perhimpunan Agung UMNO ke tahun hadapan telah mendapat bangkangan dan tentangan Timbalannya, Datuk Seri Najib Tun Razak.
Komen:
Nampak gayanya MT Umno dah jadi gelanggang pertarungan orang cacat akal.
Apa dah jadi? Sudah makin terok. Pak Lah dah hilang akal. Memalukan ahli-ahli UMNO. Pak Lah dah jadi macam orang “gila talak” !!
Salam Tun,
You idea unorthodox or not, brilliant or not, as long as its not coming from 4th floor or his bedroom, definitely will be swept aside. Pak Lah-wak has to swept aside first before any of your idea can be consider. just wait and see for tomorrow’s comment. i can bet on it.
Assalamualaikum Tun,
I am no expert in financial economics, and I believe so do you. But sometimes we say our mind not because we know what we are talking about but what we feel is the right way or solution. Tun I noted had always express your mind based on what you believe is right not because of the plain fact. This is why you even give your opinion on religious issues, based on what you think is right, not because you know what you’re talking about.
Thanks
D idea on pegging D RM with multiple currencies is gud, but as one of D comment given on D Blog said Europe tend to move into socialist direction, in fact America also seem to spend much on D public need which might derived from a socialist concept too. As for Dinar, i am pretty sure dat US wont hav enough gold to support the Dollar but D OPAC might possible to peg D values base on D average demand of petroleum. If only D production shall maintain & each countries obey D production limits. Many rich OPAC countries hav reduced D amount of production due to D high value, coz it would be much better to hav more reserves for future. So if ever any currencies shall be peg to oil, D Arab must take a step further.
This method wont work as long D Arab keep on gushin & taken over American companies during D turmoil. D fact is, even by backing with D Arab Islamic bond wont resolve D Problem. D Arab nations also full with financial problems.
As for Malaysia, pegging D RM to multiple currencies might work when D country hav enough reserve or saving to carry on for at least 2 year & If only D BNM hav enough foreign currencies.
Malaysia Cnt alwiz rely on barter trading but …there is alwiz a possibility on trading using a backed medium which i would refer to D Petronas. Petronas can becomin a medium in backin up D value in our currencies by ensure D payment of D national transactions slightly or less equivalent to our Oil within or oversea. Here there r few opportunities to opt for,
1.Future productions
2.Current productions
By followin these criteria, it’s almost same as backin up by gold, yet still almost non existing value. It can alwiz prolong D duration until D US find a solution, but it’s only for Medium period as long BNM hav enough foreign currencies.
Ultimately ,if only BNM strong enough to endure D fluctuations on D RM matters, up rise problems can be easier. I personally do not noe how much true assets do BNM hav, but hopefully all D value shall not base on papers…
if any of my comment dun make sense ….plz..e-mail at [email protected]
It would be great to share a brilliant idea.
salam to tun & beloved family,
My first time to comment here in tuns’ blog. I just want to let you know that your blog really cheers me up since I was not in Malaysia at the moment and for the next 3 years to come. Thanks tun for every brilliant ideas. No wonder why every people that I’ve met here in Japan (especially academician since I was a student) salute and admired you so much!! Pls keep refresh us with your intelligent ideas tun. Omedeto Gozaimashita..
p/s: btw, all your books now I regards as my treasured textbook.
Salam..
Idea yang mungkin rasanyer pelik. Tapi idea pelik ni la yang akan menyelamatkan kita insyallah.. Great idea, why not try this! Harap2 adalah MP yang baca blog Tun ni.. Amin..
Selamat Hari Raya Tun n Famili..
CheDet ,
Saya sudah agak Najib & Nor Mohamed Yackob tak faham apa yang CheDet nak Sampaikan.
( http://hasbullah.pit.my/2008/09/racun-apa-yang-nor-mohamed-yakcop.html )
Ramai yang mengganggap tambatan itu mesti ke pada USD.
Sekiranya ingin menambat Ringit secara langsung dengan emas, BNM tidak mempunyai emas yang banyak, hanya 36 tan.
oleh itu sebagai langkah awal, tambatan ialah kepada 80% sebakul matawang 20% emas.
Kalau kita sudah ada banyak emas nanti barulah tambatan ke atas emas peratusnya boleh dinaikkan.
Ini catatan saya tentang perubahan tambatan ringgit kepada sebakul matawang, kepada sebakul matawang dan 20% emas. Ditulis pada tahun lepas.
(Mesti baca http://hasbullah.pit.my/2007/11/warkah-buat-dr-zetty-aktar-aziz.html )
salam dearest TUn..
No matter what other people say about you, criticise your actions, condemn you…. to me you’re always be my favourite PM. you’ve changed the whole malaysia with your critical and advanced thinking. Because of you, my driving from South of peninsular to North Peninsular only takes me around 6-7 hours… I was told that u were the one who made the PLUS highway possible…no body had ever thought about having a North South Highway before you came into power… really missed the your 22 years reign. Always will salute you and would always pray for your health…
Salam and Selamat Hari Raya,
Semoga panajang umur…
murah rezeki
hopefully Malaysia would be better
Salaam Tun..
‘Pegging’ is certainly a topic that has managed to confuse me. Well, in 1998 you have not started this chedet.com BLOG, so I was ‘GOBLOK’ (stupid) to understand this topics because I have not managed to learn from you any information regarding currency, pegging or anything ‘which yang sewaktu dengannya’.
However, after reading your blog today, I am no more ‘goblok'(stupid) to talk about currency pegging. Your explanation is simple yet understandable.
The way you explained gave me some ‘NUR’ (light) to understand it easily as compared to any explanation given by our Second Finance Minister, Tan Sri NUR Mohamed Yakcop which has given no ‘nur’ when talking.
Let me share with you my personal experience when you pegged the ringgit to the US dollar in September 1998, maintaining its 3.80 to the dollar value. I was working in Jakarta that time. I can see how panic all my Jakarta colleagues when their Rupiah depreciated in value against the US Dollar faster than the time taken for them to eat ‘Gado-Gado’ or ‘Tempeh Goreng’. Suddenly their Rupiah has lost so much of its value. Everything becomes expensive overnight.
With respect to our Indonesian brothers and sisters, I could see that although they maybe very patriotic and ‘pendekar’ when comes to chasing away the western colonial power like the Dutch, but when Rupiah was attacked by currency traders inr 1998, they were speechless. All their politicians (mainly the Generals that time) were dumbfounded.
None of them can think outside the box like you. Everbody knows what happened after that. There were chaos everywhere. During 13th,14th and 15th May 1998 there was no law and order. Many Chinese ethnic Indonesians were raped due the chaotic and lawless condition.
I laughed like hell when some so-called Reformists in Jakarta shouted anti-America slogan but they were the one who were so thankful if any tourist gave them tips in US Dollar at the hotels or airport. What a bunch of hypocrites!
For your info, I personally know an owner of a company in Kuala Lumpur that did international general trading. If not because of your decision to pegg the riggit against the US Dollar that time, they can’t be sure that at the time they have to pay the overseas consignments whether they would ended-up making money or in deep loss due to volatile curency exchange rate between our Ringgit and US Dollar. Your decision to pegg the Ringgit saved a lot of Malaysian companies especially those which involved in international trading or import-export business.
Can I rely to Pak Lah to do unconventional decison-making like pegging the Ringgit? No!, not even in my wildest dream. What Pak Lah knows is nothing to do with ‘PEGGING’ etc. What he only knows is how to PEGANG his jawatan forever. Thus makes me PENING!
Regards,
Khairul Hisham,
‘The Man From Malaysia’,
London.
TUN,
Terlalu byk jasa Tun dan antara yg ‘genius’ ialah masa TUN peg. Ringgit at 3.80,Masyallah cukup tajam permikiran TUN.Hebat mmg hebat..sunhanallah.
TUN,
TQ SIR.
Assalamualaikum.
Dear Tun,
Assalamualaikum dan Salam Sejahtera,
I do agree with you and thank you for highlighting the simple fact that the US dollar is worth nothing; well may be less than the toilet paper. USA create its money by simply printing or creative accounting. It boggles the mind that the world could be happy to trade with USA and internationally using the dollar. Any appreciation on the value of Gold through time is actually a depreciation on the currency that was use to peg it. It’s been said that an ounce of gold a thousand years ago could buy a gentleman of wealth, a nice suit. It still does now and hence zero inflations!.
It’s time to dump the Dollar and get back to Gold standard. Tun I applaud you for bringing this fact to the masses.
Selamat Hari Raya Aidil Fitri to you and family,
Sabri Bajrai
Dear Tun,
Issue 1: Pegging RM?
The main purposed of pegging RM is to stabilise the RM against one currency e.g. USD. This could help stabilising Malaysia economy if RM is pegged for very long period or permanently. But if you peg for few years then float it again then peg it again, that will harm economy growth. So choose the right strategy and stick with it.
Issue 2: Dinar?
That is how economy began. It is the best way if you want a stable economy forever. But human tends to love challenges,volatility and unlimited boundaries. US Dollar happen to fit that kind of criteria. If America was to use Dinar system, they will be long gone before 1939. With Dinar system, when you broke, you are indeed broke. If USD become irrelevant in future, there is always others to replace it e.g. Euro, Pound, etc.
Issue 3: All Payment with RM only?
It will be total chaos if every country started demanding to deal with their own currency only. What if Zimbabwe demand all payment with Zimbabwe’s dollar only? You got to be kidding.
Conclusion:
Like the rule of jungle. You will never able to compete with others if you choose to stay in the zoo.
Selamat Hari Raya to Tun and all Muslim fellows.
SkyForce
A’kum Tun,
I enjoyed your piece and as one of the “Malaysian tak mudah lupa” I remember your tenacity in the face of 1997 economic storm. While others think Malaysia will fail, at the end you prevail. Thank you sir.
In 1997, the IMF created bailouts packages for the most affected economies: Malaysia, Indonesia, Thailand, SKorea etc. Playing the role of international Along, the IMF tying the packages to reforms that were intended to make the restored Asian currency, banking, and financial systems as much like those of the United States. In other words, the IMF’s support was conditional with series of drastic economic reforms influenced by neoliberal economic principles called a “structural adjustment package” (SAP). The SAPs called on these nations to cut back on government spending to reduce deficits, allow insolvent banks and financial institutions to fail, and aggressively raise interest rates. The only people subcribed to this methodology was your deputy.
In the wake of recent economic disaster, I find it strange the IMF did not give the US the same prescription!. Double standard.
Thank you again sir for “thingking out of the box”.
Regards,
http://www.my-security-at-home.com
Dear Tun,
My opinion, whatever pegging style we might use, first of all we must ensure Malaysia is economically superb in financial, then only our RM have value…
Selamat Hari Raya, maaf zahir batin.
Salam Tun & fellow bloggers,
1.There is nothing wrong with USD.It was accepted because USA is the world’s biggest economic power,it control nearly one fifth of world’s trade.Naturally the most trusted in term of value
2.Correction.USD is still backed by gold but no more in Fort Knox.It’s in bunkers across USA,spread into umpteen places to avoid damage or stolen in case of war,natural disaster
3.The current collapse of USA economy is because of manipulations of few scrouplous financier,using modern capitalist tool ie derivatives,short selling,hedge fund;inflated the value finally burst.Fundamentally other sectors are still strong
4.Using dinar backed by gold value are not practical because of differences between countries such as exchange rate,standard of living,interest rates
5.The best solution is barter trade,based on single currency ie Euro as an exchange rate
wassalam
Dear Tun,
For a non economist and non-financial expert, your analysis of pegging is really marvelous. Congratulatins, Tun. It really gives us food for thought including the new untested Minister of Finance who categorically, rejected the idea of pegging in just hardly 4 hours of “inaugural” meeting with the so-called high powered financial elite of the country.
What does this reflect? Lack of direction and desire to probe further the minute details of the economic situation. I am sure the Najib will be making flip, flop, flup decision making process in the coming period of uncertainty. The whole bunch of them lack the capacity to think outside the box.
Salam Tun,
Saya harap pemimpin kita benar-benar ‘putting his ears to the ground’ seperti mana sering diperkatakan…
selamat hari raya aidil fitri kepada semua pengunjung Tun
herhati-hati dijalan raya semoga selamat sampai ketempat yang dituju
SELAMAT HARI RAYA TUN!
MAAF ZAHIR BATIN.
According to the Malaysian Insider:
It appears that the DPM has lost control of his own warlords on the ground. He admitted as much in talks with several supreme council members recently.
As such, he is unable or unwilling to risk the backlash from them if he continues to support the transition plan which will see Abdullah contesting the party elections in December and then handing over power to Najib in 2010.
Najib believes that if he supports the transition plan unconditionally, there is a possibility that he and Abdullah will have to face off with Tan Sri Muhyiddin Yassin, Tengku Razaleigh Hamzah and other critics of the PM.
Apa komen Tun? terima kasih.
ASSALAMUALAIKUM TUN DAN BONDA HASMAH
SELAMAT HARI RAYA AIDIL FITRI
Tun,
When pak lah took over from you, it never appear that he is going to behave as what he is doing now, not a clue except that we know he is not good as you are.
How Malaysian regretted that pak lah is still in slumberland with son , son in law, you name it is trying to guzzle the mega projects by 2010.Do you think it was deliberate, that Pedra Blanca is a giveaway to singapore? how could the sane mind go to the court without proper evidence? Surely you are going to lose, unless there might be some secret talks going on with his SIL. I agree with Jed Yoong comments
ASSALAMUALAIKUM TUN YANG AMAT DIHORMATI,
DALAM KEMELUT NEGARA KITA MENGHADAPI KETIDAKSTABILAN POLITIK DAN EKONOMI,TAKKAN TAK ADA IDEA YANG BERNAS DARI “MENTERI BELIA DAN SUKAN”BAGI MENYELESAIKAN MASAALAH TERSEBUT. JANGAN HANYA BARU DUDUK KERUSI MENTERI HANYA PANDAI BAGI IDEA NAK SINGKIRKAN TUN DARI PETRONAS. KEMENTRIAN SUKAN PUN NAMPAK NYER TAKADA KEMAJUAN APA2 PUN.LAIN KALI CERMIN DIRI DULU SABELUM NAK MENGHENTAM TUN,TAK KAN NAK BODEK PAK LAH SANGGUP MENGECAM TUN YANG BANYAK BERJASA PADA NEGARA.
KEPADA MENTERI2 UMNO,INGAT LAH, SATIAP KALI KAMU MENGHENTAM TUN,RAMAI AHLI2 UMNO TERGURIS HATI DAN AMAT SEDIH.JANGAN LAH JADI MELAYU YANG MUDAH LUPA,JANGAN LAH MENYOKONG YANG MEMBAWA REBAH,JANGAN JADI PAK KADOK…..
MUGA ALLAH SENANTIASA MELINDUNGI TUN SEKELUARGA.
SELAMAT HARI RAYA AIDIL FITRI PADA TUN SEKELUARGA
Salam Tun,
Iâm not specialist in economic and have few knowledge about it, so I donât have any comment what I just want to say is â Selamat hari Raya Aidilfitri…may Allah bless you and Tun Siti hasmahâ,
Love u so much!
Assalammualaikum YBhg Tun Dr. Mahathir,
I must admit that I was stunt when Tun decided to peg the Ringgit at 3.80 and introduced capital controls fight the currency crisis of 1998. I can still recalled that the Ringgit was traded at 4.80 against the USD, the lowest the Ringgit has ever been traded against the USD.
The decision to peg the Ringgit and introduced capital controls were indeed unorthodox.
Such unorthodox decision safe the country’s resources from being strip down and sold for parts to the highest bidder had you agreed to the IMF solution as what happened in South Korea, Thailand and Indonesia.
As a trained economist I must say that your decision should have been penned as one of the many economic theories that are being taught in universities and practice in today’s tumultuous times.
LoyalCitizen
SHAH ALAM
having became Prime Minister and overlook the country for such a long time, you sure know what is best for the country for long term and not for the beneficial of relatives only.
we need your guidance to lead us in the dark.
kchan
ASSALAMMUALAIKUM…AYAHANDA TUN..,
SEHARUSNYA KERAJAAN MEMIKIR APA YANG AYAHANDA TUN KOMENKAN SUPAYA NILAI RM SETANDING DENGAN NILAI MATA NEGARA MAJU LAIN. JANGAN JADI NAJIB,BARU MASUK KE KEMENTERIAN KEWANGAN DAH KATA TAK PERLU BUAT TAMBATAN RM,PADA SAYA NAJIB HANYA MENERIMA PAKAI APA YANG DI BERITAHU OLEH PARA PEGAWAI BARUNYA. KENAPA TIDAK NAJIB FIKIR DAN KAJI DULU BARU BUAT KEPUTUSAN. INILAH BAHAYANYA BILA KITA TIDAK TAHU PASAL EKONOMI DAN PURA-PURA TAHU PASAL EKONOMI. SEKELIP MATA SAJA KITA DAH BUAT KEPUTUSAN TANPA BERFIKIR TERLEBIH DAHULU. SAYA NI TAKLAH TAHU SANGAT PASAL EKONOMI. KALAU 1+1 SAYA TAHULAH JAWAPANYA SAMA DENGAN 2 DAN BUKAN 3,4,5,6. KEPADA YANG YANG BERGELAR PAKAR EKONOMI FIKIR-FIKIRLAH CADANGAN DAN PANDANGAN AYAHANDA TUN…,
MARI BERANI BERUBAH. “UNTUK KALI INI BIAR ORANG LUAR BELAJAR BAHASA KITA DAN JANGAN KITA ASYIK BELAJAR BAHASA ORANG LUAR” AKU BANGA JADI ANAK MALAYSIA KALAU PAKLAH BERHENTI JADI PM….,….,
…WASSALAM…
impressive recon and analysis sir! I wonder why a man like you still can talk an issue so technical like this which AAB the “outgoing PM” and ass-fanatic anwar couldnt.so super brain u have la. Tun, you saved us from the darkest corner of our heart.you teach us to do what is necessary..take care sir.salam eiddulfitri.
Salam buat ayahnda Tun & Bonda Siti Hasmah,
Saya sbga rakyat malaysia amat berbanga dengan orang bernama TUN DR MAHATHIR.Setiap cdangan atau idea di berikan merupakan hidayah dan pertunjuk yang allah berikan yang tidak terdapat pada semua orang terutama PM kita Pak Lah.Macam mana allah nk bagi pertunjuk dan hidayah klu setiap perbuatan dia hanyalah untuk membebankan rakyat dan yang pasti setip orang merasa benci dan meluat dgn lakonan dia.Sayang sekali dia dilahirkan dari keturunan yang baik tp keturunan saja menjaminkan kita orang baik klu kita sendiri mengamalkannya.
Tun…teruskan perjuangan mu tun…kami sentiasa bersama Tun untuk selamanya.
Saya sentiasa berharap bila dapat bertemu ayahanda Tun dan bonda..
Tun,
Not really a “ridiculous suggestion”. I always quote Ringgit payment, and my customers in Singapore and Japan have no problem transferring the amount. I will continue to request payment in Ringgit. Makes my life easier, actually.
Selamat Hari Raya to you and your family.
Tun,
I recently read a few articles on the US economy crisis.In one of the articles,I quote..”US economy is a house of cards,built on quicksand,with a tsunami on the way”.
I cannot understand why we choose to trade in USD and continue to keep the big green mountain of US currency in reserves.
Correct me if I am wrong.The dollars that we keep and use as a trading standard is a very weak instrument.
Your idea of pegging the Ringgit and use the Ringgit as a trading currency is an idea worth considering.
Maybe because it is your idea,not Najib or Pak Lah makes the idea not doable.
Assalamualaikum Tun,
I totally support your suggestion to use Ringgit for our international trade currency. Time has come to consider and rationale the feasibility of the system. USD is worthless as the US is dead.
We have to be proud of our Ringgit which is still backed by gold reserve.
I believe this time it will be the most challenging ever for our govt to cope with world financial crisis. Not just to change the Finance Minister and continue Ringgit to be left to the market forces like what Najib just announced.
Pegging the Ringgit is also prudent, bearing in mind that this financial turmoil is going to last at least 5 years.
I also heard about the Dinar currency before, but not sure how far has it been progressing or implemented.
I really hope that Tun will soon be in a position to influence our govt effectively to cope with the crisis and regain confidence in our economy.
Salam Aidil Fitri to Tun and family.
oh yes Tun the author of the ‘Web of Debt’ is Ellen Brown.
tun boleh pergi ke website http://www.webofdebt.com
Sekian.
azuwar adib
…and no more papers and coins to carry around. Something else that is real light but has the worth of what valuables and money we have. Gold has a better value. In fact, there are many Malaysians who purposely buy gold as a way to save money.
brilliant and extravaganza idea ayahanda Tun! Alangkah bertuahnya pak menteri kite kalau dapat mengambil idea2 ini dari blog Tun…
” Ya Allah Tuhan Yang Masa Esa, Ya Rahman Ya Rahim… Hambamu ini menadah kedua tangannya kepadaMu.. Kupohon padamu supaya Engkau membuka hati Ayahnda Tun Mahathir Mohammad untuk kembali ke pangkuan UMNO dan ke pangkuan sebagai pemerintah.. Engkau jadikannya seorang Khalifah untuk membimbing kami ke jalan yang Engkau Redhai, ke jalan kebenaran dan berikanlah kepadanya kesihatan dan kekuatan untuk menyelamatkan rakyat Malaysia dari ambang kehancuran.. selamatkanlah kami wahai Allah dari segala bencana… Maha berkat Engkau ya Tuhan dan maha tinggi Engkau
Wahai Tuhan yg mempunyai kebesaran dan kemuliaan.”
Assalammualaikum Ayahanda Tun dan Tun Dr Hasmah,
Saya mendoakan Tun sihat wal-afiat. I begging (not pegging), our PM now to step down. I’m very pity with Malaysian people regarding bad administration behaviour of our beloved country.
I just buy a book, title “Selected Letters to World Leaders” by Dr Mahathir. Introduction in Prologue page 13 says “It did not cross my mind that after I left, there would be such a change to make pleasing the Prime Minister more important than anything else. News in the mainstream media is censored and spun by spin doctors that the Prime Minister cannot posibly know the feelings and frustrations of the majority of the people. But fortunately for the Government, Malaysian abhor violence when expressing their anger. So things must become much worse before they would show their true feelings in any way. In the meantime, the sychopants will continue to enjoy their day. Poor Malaysia.”
That paragraph above was written well before “A Study in Spinning” in this blog appear. Everybody knows our Tun was not write anything without considering the facts. So, I hope everybody out there, buy this “rare species” book which open our knowledge to globalisation, terrorism, mass murder a.k.a genocide, different type and characters of world leaders and the most important things is the writing skilled and words of wisdom from the genius. It will cost u only RM 49.90 which equivalent to one bucket of KFC. TQ.
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TUN,
Saya setuju dengan pendapat TUN.
Walaupun Amerika cuba Bailout krisis ekonominya, Kesannya hanya untuk jangka pendek saja itu pun untuk mengembalikan keyakinan Dunia pada US Dollar.
Ini belum tentu berhasil, plan kajian menyeluruh perlu di laksanakan segera . Tambahlagi, bailout ini bermaksud hutang Amerika akan bertambah dari yang sedia ada. Apakah cara Amerika membayarnya. Apa planning mereka..???
Dunia akan menyaksikan US Dollar yang tidak menentu. Perdagangan minyak dunia sudah lama beralih ke Euro, dollar semakin lemah.
Baca di Krisis dunia, mata wang Amerika akan terus jatuh….kepanikan akan mempengaruhi juga mata wang Euro….
Benar TUN, Malaysia harus desak pembayaran dalam ringgit dalam semua transaksi kita.
http://isteri-mamak-tua.blogspot.com/2008/08/nwo-krisis-dunia-sekarang.html
Jangan terlalu gembira akan trade difist kita yang rendah……
Keadaan Amerika tidak menentu, SEANDAINYA….
US Dollar sudah tidak berfungsi lagi…..Amerika sudah ada rencana penggunaan Matawang baru untuk North Atlantik Union bernama AMERO.
Sudah pasti ringgit akan terjejas bila US Dollar tidak berfungsi di perdagangan Internasional.
Salam nasihat buat DS Najib Menteri Kewangan
http://isteri-mamak-tua.blogspot.com/2008/09/nasihat-untuk-najib-mentari-kewangan.html
Selamat Hari Raya buat semua
_ashar_
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TUN,
Saya setuju dengan pendapat TUN.
Walaupun Amerika cuba Bailout krisis ekonominya, Kesannya hanya untuk jangka pendek saja itu pun untuk mengembalikan keyakinan Dunia pada US Dollar.
Ini belum tentu berhasil, plan kajian menyeluruh perlu di laksanakan segera . Tambahlagi, bailout ini bermaksud hutang Amerika akan bertambah dari yang sedia ada. Apakah cara Amerika membayarnya. Apa planning mereka..???
Dunia akan menyaksikan US Dollar yang tidak menentu. Perdagangan minyak dunia sudah lama beralih ke Euro, dollar semakin lemah.
Baca di Krisis dunia, mata wang Amerika akan terus jatuh….kepanikan akan mempengaruhi juga mata wang Euro….
Benar TUN, Malaysia harus desak pembayaran dalam ringgit dalam semua transaksi kita.
http://isteri-mamak-tua.blogspot.com/2008/08/nwo-krisis-dunia-sekarang.html
Jangan terlalu gembira akan trade difist kita yang rendah……
Keadaan Amerika tidak menentu, SEANDAINYA….
US Dollar sudah tidak berfungsi lagi…..Amerika sudah ada rencana penggunaan Matawang baru untuk North Atlantik Union bernama AMERO.
Sudah pasti ringgit akan terjejas bila US Dollar tidak berfungsi di perdagangan Internasional.
Salam nasihat buat DS Najib Menteri Kewangan
http://isteri-mamak-tua.blogspot.com/2008/09/nasihat-untuk-najib-mentari-kewangan.html
Selamat Hari Raya buat semua
_ashar_
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Saya dengan rasa rendah diri ingin memberi pandangan : –
Kepada YB Tun, diharapkan sangat dapatlah menyediakan setiap pandangan Tun dalam versi Bahasa Malaysia juga. Seperti yang Tun buat kepada artikel-artikel yang terpilih sahaja.
Ini bagi membolehkan semua lapisan masyarakat kita dapat memahami betul-betul setiap pandangan Tun.
Risiko untuk salah faham dapat di kurangkan, terutamanya dikalangan mereka yang tak faham dan fasih Bahasa Inggeris.
Saya memohon maaf sekiranya pandangan saya belerbihan pula dan menyusahkan Tun.
Teriama kasih atas perhatian Tun dan semua yang terlibat dalam pengurusan Chedet.com.
Tun,
Your last paragraph no.18 really amazed me ” This may sound a ridicoluos suggestions. But not being a trained economist or financier I can allow myself the previllage unorthodox thinking”.
That is why you always managed to implemented some unorthodox measure during your time as PM of Malaysia eventhougt got a lot of crytism. It is actually we called REVERSE THINKING. There’s not many people got this capability.
How I wish to have that.
May God bless you and probably not too early to wish you HAPPY HARI RAYA AIDILFITRI.
Salam Hormat, Tun….
Apapun dasar kewangan dibuat oleh Kerajaan, pada saya rakyat Malaysia ni kalau boleh cari makan dah kira ok. Jamin tak huru hara. Mmg mudah mentadbir rakyat Malaysia. Yang pelik sekarang ni kerja banyak tapi susah. Kalau tak percaya tanya lah diri sendiri. Ontah la…..Apa pasal la Tun berhenti dulu. Apo pun,
MALAYSIA BOLEH! ADEN PUN BULEH!! TUN DAH TENTU BOLEH!!!
Tun satu lagi cadangan.
Is it possible for our Bank Negara to ‘Create Money’ for purposes of generating investments especially for enhancement of tecnology and channel it to Bank Pembangunan or special fund for Bumiputera entrepreneurs.(but please not to the ‘UMNO’ proxy type).
If our country’s rate of savings and investment internally is not that great,why not ‘print’ or create money for investment purposes only,but not circulating within the public for consumption.
It might work and decrease inflation and increase purchasing power.
Selamat berpuasa and Selamat Hari Raya. Bahagia hendaknya Tun with family.
azuwar adib.
Dear Tun,
Saya rasa sesiapa ahli-ahli Majlis Tertinggi UMNO yang menyokong supaya peralihan kuasa dikekalkan, semua mereka akan gagal dalam pencalonan untuk merebut kerusi MT. Percayalah! Banyak dari ahli-ahli MT akan menjadi mangsa kerana melawan arus angin kencang yang datang dari ahli akar umbi yang mahukan Pak Lah berundur diri.
Salam Tun,
Me and my mom are big fan of you forever. But Tun need you to explain regarding the IPP. Please Tun!! A lot things being saying that what happend in TNB and IPP now is directly related to your decision when you headed the government. Until now ppl pointed at you why TNB is struggling and IPPs are enjoying a lot of things that they shouldn’t be. I just can’t take it anymore. Need to understand the situation. Hope you might say something in this matters as TNB is the biggest share market in KLSE. It has major impact in this country yet they are struggling in sustaining the cost while IPPs enjoying like nothing happend. Thank you!
Salam Tun,
Tun for me you are the best financier, sales personal, debater and a leader for any country. It is ashamed to any leader who do not want to discussed or evaluate what you have presented. Current leader should learn more things from you that can give benefits to the country.
I would like to wish you a happy eid fitri to you and you family. May Allah bless you and your family always, as well as enabling you to contribute your best abilty towards a better Malaysia.
Dear Tun,
Kalau beginilah Pak Lah dan konco-konconya buat UMNO kelam-kabut maka UMNO akan ke Pintu Gerbang kehancuran. Make no mistake about it. Selagi Pak Lah tidak berhenti sekarang maka jangan harap UMNO akan kekal memerentah. Rakyat sudah gelisah yang amat sangat dan menunggu sahaja “gunung berapi” akan meletup menimpa semua umat Melayu dan UMNO. Jangan harap Melayu akan sokong UMNO lagi untuk selamanya. Semua Melayu akar umbi akan berhijrah ke parti PAS dalam pilihan raya akan datang.Tunggu sahajalah kalau masih lagi dalam keadaan penafian atau in a state of denial.
Pak Lah telah membawa KECELAKAAN kepada umat Melayu. Sedarlah Pak Lah. Pak Lah dah tidak dapat sokongan padu dari rakyat. Kewibawaan Pak Lah sebagai Perdana Menteri tidak menyerlah dan tidak membawa faedah kapada rakyat. Pak Lah telah gagal menjalankan tanggong jawabnya sebagai Perdana Menteri yang KLAS PERTAMA. Pak Lah lembab, tidak ada idea, tidak ada visi, tidak ada missi yang cemerlang. Semunya haprak dan HP6 dan merugikan rakyat untuk mendapatkan kemajuan yang lebeh bererti lagi.
Pak Lah memang tidak sedarkan diri. Tidak malu dan tidak bermaruah!!
Salam Tun,
I was reading a book about how the private bankers in the U.S. coax the American public by making the Federal Reserve owe money to them.
Its just ridicolous that a Government like the U.S. have to borrow from the FEDS instead of printing their own money.I suspect our Economist and Bank Negara personnel kita sudah terpengaruh dengan Milton Friedman dengan monetary school of economics.
Kita kena kaji balik semula pada Keynesian school.Banyak keynesian punya idea dekat dengan concept islam (I think).
Kalau Tun tak baca buku ni boleh cari kat MPH Tajuk Buku: ‘Web Of Debt’.lupa nama author dia.Tapi buku warna hijau.
I am very sure that this is all a grand scheme by the ZIONIST !
Keep on writting your thoughts Tun.
We love you.
azuwar adib.
Pegging might have saved the economy back in the 90’s, but that doesnt mean that it will have the same effect again. It is every easy to say this an that sitting at home. Your dinar idea will not be acceptable to the western world and they are the major players so stop with the nonsense. And like you said you are not an expert so live it to the experts to deal with the economy, after all you have made enough for yourself and family for a life time. I wonder what is your true nature of setting up this blog, surely aint for the betterment of the country or the people. By the way your son will never be PM i can bet on that.
Aslm & salam sejahtera Tun & Semua pembaca,
Cadangan Tun untuk menekankan supaya semua urusan dagangan dibuat dalam RM bukanlah sesuatu yang mudah. Juga dengan jumlah negara didunia yang berpegang kepada USD…termasuklah kita…ignoring the USD is not a viable solution either. Walau bagaimanapun jika kita berpegang kepada nilaian emas bukan sahaja nilai RM akan lebih mantap dan teguh malah kemungkinan juga negara-negara lain akan menuruti kita dalam suatu jangka masa yang tertentu. Kita juga boleh beralih kepada sistem dua cara pembayaran….agak-agaknyalah…setiap import kita berdsarkan USD tetapi setiap eksport kita dalam RM atau Dinar emas, serta mengalakkan sisitem barter dikalanagan negara jiran…..amacam?….tolong komen pendapat saya.
Dearest Tun.
Brilliant suggestion Tun. Maybe this idea could work to our currency advantage. The government should do more indept study on Tun suggestion. Who knows but this idea could just work.
Selamah Hari Raya Aidil-Fitri to Tun and family.
The US needs our gloves,condoms,electronics parts,so let them buy using Ringgit Malaysia or RM.Barter trade with them too like we did with the Russian,Sukhoi jets with supplies of palm oil and sending 1 Malaysian to space.Take petroleum from the Arabs and Iranian,then in exchange give them what they want.Other than that , use Dinar ,Gold,not the sinking USD or pegged RM.Salam.
Tun,
i believe your ideas are valid and should be noted by the govt.. most cabinet ministers will dismiss the idea simply it is too technical for them… the sleepy pm wont bother to understand this thing..
Tajuk atas yang dicadangkan tu ada betulnya, pendek kata apa yang disampaikan oleh tun boleh didengar tapi sesekali takkan dilaksanakan pada masa kini (mungkin ramai yang bersetuju pendapat ni).
Harap tun takkan kering mencetuskan idea, selagi ada hayat, suarakan tanpa jemu. Mungkin 1 masa akan diciplak oleh pihak tertentu.
Keadaan ekonomi makin parah selepas berkali-kali harga minyak dinaikkan oleh pihak tertentu, semua tempat @ ceruk mengulas perkara tersebut, sekarang matawang dipersalahkan pulak. nak tambat pakai tali apa ??
Tolonglah!!!
sekian,
Oh ya! hampir terlupa kawan saya Awang dan Azimi kirim salam pada Tun.
Dear Tun,
Sometimes back you suggested that we diversify away our reserves from US$. Until now theres no news if theres any action taken by BNM one way or the other except that the reserves are still in US$.
Given the well known problems faced by the US now – where as a solution, the printing presses had to run overtime, its only a matter of time before the US$ will recede into oblivion like the Zimbabwean currency and when it does, BNM and many other nations will be holding bags worthless piece of papers.
The recent rise of US$ was a result of a concerted effort by central bankers to shore up the rapidly falling currency in order to bring down the runaway price of crude oil. Such concerted effort can only be done so many times.
The American economy has been clearly floundering since Bush took over with its vast deficits, yet the US still spends beyond its means, having unnecessary wars costing trillions of $, bailing out failing giants such as Fannie Mae, Freddy Mac and AIG, just to prevent a chain reaction of financial blow ups from totally consuming its economy. To finance those spendings, they’ve been printing more money with no backing whatsoever, and continuing to borrow by issuing massive amount of bonds, and so they are forever digging holes to cover previous holes.
Its a massive economy and so some people say its an economy that cannot be allowed to fail. Once it fails, so many other nations will be brought down with it – tiny Malaysia included. Hence, China, Saudi Arabia, Singapore, Japan, Taiwan among others are always on standby to prevent the US from keeling over. Is that right? So, bailouts, once a dirty word, will be the order of the day, everyday.
Given all these, I posit that BNM should start to use â¬, Yen or sterling for our reserves before its too late, while the US$ still has a measure of value. Will Tun’s suggestion be heeded after all? Or are we so beholden to the US that we simply cannot entertain such a wise advice? I thought when Anwar takes over – if he ever does – then, and only then we can’t do so much as flex our finger without the approval of Uncle Sam. That day has not come yet (and hopefully will never do), so lets indulge a little in our freedom to act and act judiciously in our own best interests.
dear tun
i am kinda worry with the current economics situation, wonder the PM is capable to handle it
regards
SALAM PERJUANGAN BUAT TUN YANG DIKASIHI:
1.satu cadangan dan idea yang cukup bijak.
2.paklah dan najib boleh ke berfikir macam tun ni ye???
3.dalam banyak banyak tuan penasihat di jawatan khusus yang paklah cipta tu…ada ke orang yang bagi nasihat bijak dan bernas macam tun bagi ni….kalau tak ada….maknanya kena dengar la apa yang tun kata…jangan la dok buat bodoh sombong pulak…rakyat yang teruk menderita bukan kamu berdua…janganlah ego sangat…tuhan tak suka orang takbur…apa lagi orang yang tak kenang budi….
mungkin paklah dan najib dok fikir cara lama….cara dulu dulu…SISTEM BARTER.. pula…tukar ayam dengan beras…tukar sayur dengan ikan…beli tanah satu ekar dengan kerbau 2 ekor….tak payah susah susah nak tambat ringgit…..
Thank you.
We enjoyed your articles very much.
The financial instruments in the world have been actually manipulated by financial experts (or rather we call them opportunists) who work behind the scene, making money at expense of others.
Pegging is a wise move but we require other lasting methods to arrest the root problem. All these are deeply rooted in spiritual problem that lies in the heart of men, tainted with greed.
The hope for our next generation is perhaps, to redefine humanity centering on universal shared values and also these shared values must be correspondingly reflected in all fields, without fear or favour and for sake of the whole.
Staff of
IKLAN MALAYSIA
Tun
I enjoy reading your out-of-the-box inputs on the badly battered financial situation, certainly offering new perspectives for the daring ones but not the part when you mentioned tiny Singapore. Tiny we may be where physical space is concerned, resources scare we may but this tiny nation has made financial headlines in recent times; pumping billions in big corporations, the likes of UBS, Citibank, Merrill Lynch, Barclay and among others. In short, tiny does not equate to weakness in case it has been deliberately perceived so. Of course, this piece from an average Singaporean, yours truly me.
Dear Tun,
Today Samy Vellu demolished a Hindu temple and immediately blame the PKR state government of Selangor.
I believe this is the MIC Samy Vellu sabotage against Selangor state government. MIC is member of team expert in planting sabo.
Just like the RM100,000 sabo project in Perak against the Pakatan state councilor.
Waiting to cast my vote in 13thGE. For the first time in my life, I am planning to vote for PR. No more vote for BN. All the actions of BN amount to criminal breach of my trust. Too obvious.
Dear Dr. M,
U always welcome ridiculous suggestion or idea during ur time as a PM. (i had read in newspaper or watch in TV news before). Yup, i totally agreed with u. Sometimes we must think out of the box and do must something different if there is no progress. Nowdays, a lot of country was having “look malaysia” policy. e.g Shanghai, Taiwan and Dubai would like to have tallest tower but we still the tallest twin tower in the world. And our tiny neighbour, following our footsteps will b having F1 race this weekned. Juz to name a few.. Well, u r the man! U r the Best!
—> “The Master planner” of Asia – Time Magazine
Yesterday I wrote about how in the world are they going to finance US$700Bil, and today Yahoo reported their problem of valuing the securities for such an amount. Regardless whether Congress approved the rescue mission or not, this one is going to be really messy and many people will be put into dire situations, and such situations will force them to undertake ridiculuous measures like bubbling the oil price to US$200/barrel.
What if the price goes up to that level, will the gov adjust petrol price to RM5/litre? If thats all they are going to do, then I think they are overly paid! Thats where pegging or whatever the name might be can play its role. Lets think of a mechanism that can create a negative correlation between oil price vs petrol price. I still think currency management is the transfer function. Imagine if we adjust back our RM/US to 2.5 or even 1.75, of course directly Petronas will suffer (but Forbes measures performance in US$), but they can leverage on the strong RM for international expansion, not just Petronas, but our Telekom can easily eat up Singtel, our Maybank can swallow DBS, our EPF will be as big GIC, meaning, they can gobble up American corporations as what the Singaporeans and Arabs are doing.
Beside that, technology will be cheaper as imports will cost half at 1.75.
I think its about time we restructure our economy into a higher value added producer!
Assalamuaâlaikum YBhg Tun The Mahaguru,
Bravo Tun, when we stand out of the box, our thought would be out of the box thinking. There could never be wrong to challenge the ungod system in light of the philosophy of currency management. US has created creatively the currency and the champion of currency manipulation. It has been very successful to make the world trade moving and going around because no one is dare to challenge it even when we are facing economic crisis like today. We just expect USA to print more currency to resolve the financial crisis. Unfortunately, our world today becomes a kampung in size. It may promise a lot of benefits derived from globalisation as well as damage itself.
Selamat menyambut bulan puasa dan hari raya aidil fitri pada Tun sekeluarga.
I read with interest that for the first time ever, Malaysia’s outflow of FDI exceeds the inflow of FDI. (United Nations Conference on Trade and Development (Unctad) Investment Report 2008)
I’m not an economist per se but basically this means that in 2008 Malaysian companies invest more abroad (RM38 billion) than foreign companies invest in Malaysia (RM29 billion).
Can somebody explain whether this is a good or bad thing?
In one hand, this confirmed the suspicion that Malaysia is no longer viewed as the preferred destination for investment. This trend has been going on for the last few years and with flip-flop management of current leadership, don’t expect this to trend any time soon.
So it must be good that Malaysian companies invest overseas. It will give Malaysians more job opportunities to work overseas – earning higher income. If the investing companies in turn sub-contract to other Malaysian companies, our economic pie will grow bigger. Face it.. at 27 million population, our domestic market is tiny and if we need to grow, we need bigger market for our products and services.
The question now is how much additional work will be passed to local companies and local consultants? Unlike previously, I don’t see GLCs aggresively employing this ‘umbrella concept’ as they are mostly financial driven rather than social driven nowadays. If that’s the case, the real benefit to the country will be wasted away…
Greeting Tun,
The idea is good. Can it works this time?
Lets have some expert to tell us, maybe this is the right time to do the right thing.
Thanks again, Tun. At least you suggest something for our Government to study.
Best health, Tun.
aslmkum tun
saya mencadangkan tun supaya buat sticker untuk dilekatkan pada kerata
dan motosikal,sebagai lambang sokongan kepada tun.biar bodolah badawi
tahu yang tun masih ada penyokong yang setia (disamping memberi semangat kepada penyokong senyap tun yg berada diluar sana).kalau soal pengedarannya,serahkan saja kepada pengunjung2 setia blog ini.
dan kalau boleh biarlah semua posting tun ada versi melayunya.
Salam perjuangan buat Tun.
Pada saya yang belajar tak berapa tinggi ni, apabila Tun mengulas mahupun menguruskan sesuatu dalam apa bidang sekalipun, beliau sentiasa meletakkan dirinya sebagai seorang doktor.
Setiap perkara dikenal pasti dulu penyakitnya, kemudian teliti kaedah-kaedah yang sedia yang boleh diguna pakai atau diimprovise ataupun cipta kaedah baru, lepas tu apply kaedah kepada permasalahan yang timbul, last sekali conclude dengan hasil yang amat-amat tak terfikir oleh orang putih sekalipun apa lagi la kita ni orang Melayu yang hanya tahu menghentam, mengherdik, memaki hamun dan macam-macam me lagi la …
Kalu kail panjang sejengkal, lautan dalam jangan diduga.
Tepuk dada tanya selera.
[Had sent this at 5PM but it’s not in. Can’t say it’s filtered as “Spam”, or that “it is particularly nasty”(it’s not). Sorry if there’s a duplicate]
This field is something that I know nuts about.
I risk coming out as a clueless ignorant idiot with an unhealthy dose of bodoh sombong, should I come up with comments regarding the matters mentioned by Tun Mahathir here.
But that’s okay I guess, for I am just an orang kampung (who is armed with a laptop and Celcom GPRS 53.6Kbps connection); and is not expected to come up with any solutions. Nor tasked with it.
However, the same can’t be said of those in power – people who are expected to understand the various situations AND to come up with the right solutions.
But this current administration has failed – and miserably too!
Like me, Dollah Badawi is clueless and ignorant when it comes to economic and financial matters. But unlike me, he is bodoh sombong; which is unfortunate, really, for this is the fate of a country and the well-being of its population that he is bungling with!
By the way, Tun: THANKS for allowing me to “selit” and self-promote my own site with one of my comments here about the last Umno Supreme Council meeting. From 800 hits in nine days, it went up to 2,000-plus within 24 hours.
The latest post is this one – about the selfish opportunists within Umno who claim to represent “the grassroots”, boosting Badawi’s position and prolonging Umno and Malaysia’s ordeal:
Shogun Badawi, Kelantan Ninja Turtle & Losers Anonymous
http://cendana287.blogspot.com/2008/09/shogun-badawi-kelantan-ninja-turtle.html
assalamualikum ayahanda TUN;
Cadangan tun tu baik tapi ahli ekonomi dalam negara kita masih tak dapat melihat atau tak mahu melihat perkara berlaku sebelum ini dan mengambilnya sebagai satu “TANDA” ukur.
Selamat hari raya,
Permisi Tun,
Saya pun bukan ahli ekonomi, tetapi saya rasa wakhima apa yang jelas
sesuatu kerajaan (orang2 yang memerintah yang dipilih oleh rakyat) mesti ada kelakuan yang penuh tanggong jawab, jangan lah bertindak diluar nasihat pakar ekonomi.
Kalau pakar2 tu cakap , sesuatu tindakan itu menjurus ke kehancuran ekonomi negara dan nilai ringgit, jangan lah buat bodoh je,
nilai ringgit kalau di tambat kat tali lembu pun boleh harga nya tinggi jika sekiranya ekonomi kita bagus, rakyat productif,sentiasa ada trade surplus, negara aman damai, pelaburan mencurahkan wang kat sini., sebab the confident is there , the fiat money is good.
Jika sekira nya negara kita hancur oleh pergaduhan , tak ada productiviti,dsb nya , segala emas dinar yang kita ada pun kita kene gadai, jual untuk menampung ekonomi negara, kesudahan nya habis
semua punah, negara jadi miskin rakyat menderita.
Pokok nya sekarang kita mahu kan pemerintahan yang mantap , rakyat yang productif ,bukan asyik sibuk nak jadi PM tapi x menang undi , x cukup kerusi.
Salam Tun,
Cadangan Tun untuk menambat ringgit memang satu cadangan yang bernas. Mungkin ego Najib terlalu tinggi untukk menerima saranan tersebut.
Sememangnya adalah terbaik untuk RM di tambat pada dinar yang mempunyai nilai yang lebih nyata. Ini sudah pastinya lebih selamat. Dengan keegoaan BN harapnya satu hari nanti kita tak perlu nak pikul duit untuk beli sekeping roti canai. Tapi dengan sikap dan tahap kebijaksaan Pak Lah, perkara yang lebih buruk dari itu tidak mustahil berlaku.
u prove once again such a visionary man you are.
you are malaysian best prime minister yet!
Dear Tun,
Echo Abdullah…this is the craziest cakap”.
Why not peg Ringgit to Singapore Dollar.
25 years ago, 1 Singapore dollar was 1.06 Ringgit. Today 1 singapore dollar is 2.5 ringgit.
If Tun order Ringgit peg to Singapore dollar in 1984, today Malaysian are rich like the red dot Singapore.
Sabahan Talking as crazy as mantan PM
Salam Tun,
I think your speculative theory can be put into test. You may want to consider issuing a grant though your Perdana Leadership Foundation for local academicians to push your theory further and do the simulation in control environment to see whether it actually works or not. In fact, I think there are a lot of institutions that would like to sponsor this kind of project as well.
For those who are pursuing their postgraduate studies in economic/international commerce and/or trade, I suspect this is a ‘sexy’ topic that worth further exploration.
I would love to see this subject gain more traction and being drived by our fellow Malaysians rather than reading the findings from foreigners!
Tun,
Seperti kata bloggers lain, idea Tun memang bernas dan mungkin perlukan DS Najib untuk membuat research sedikit mengenai pelaksanaannya sekarang. Namun, ‘out of box’ thinking Tun memang mengagumkan.
Tak tahu sama ada DSAAB atau pun DS Najib boleh datang dengan idea-idea seperti Tun.
Satu lagi cadangan juga, boleh ke Tun memasukkan gambarx2 Tun semasa aktiviti Tun supaya kami dapat follow Tun closely dalam Chedet.com. Media arus perdana sekarang dah tak de gambar Tun….TV lagilah…
Selamat Hari Raya kepada Tun & Tun Siti Hasmah.
Asm wbt honourable and respected Tun,
Have never missed reading your column, but this is my first time posting a comment. I cannot agree more x10000000000000000000, you may think I don’t have opinion of my own but Tun what can I say? In fact what can anyone say about all your brilliant thoughts and opinions? They are based on well-researched facts and decades of experience of leading the country. Sir, your leadership was just so amazing that I remembered even since 1987 I was already worried about the thoughts of what will happen if you were no longer our PM. Even then I could not foresee anyone who was, is and will be capable to lead Malaysia as well as you. And now not only Pak Lah and his cabinet are unable to sustain the glory you have raised Malaysia to, they are ruining it!! Damn!! made worse by Anwar’s threat. The uncertainty caused by him scares the investors away.
Pleaselah…. someone suruh Pak Lah baca sikit Chedet’s blog, pleasela if you are leading a country, the basic prerequisite is a functioning brain!!! not a sleeping brain.
OK Tun, take good care of yourself, the nation still needs you.
Remember me? I had the honour of a few quick minutes with you and pleaded you to contest for PM before the 12th general election? I hope yourself, Tun Hasmah and family dirahmati Allah selalu.
To those yang mengutuk Tun sedarla sikit jasa dan bakti Tun pada agama, bangsa dan negara selama ni, Allah ambilkira semua jasa Tun la..nak jumpa Tuhan semua org kena takut sebab tak de sesiapa yang maksum kecuali Nabi, at least Tun punya kebaikan sangat banyak.
Salam Tun,
Dah sampai masa negara2 ASEAN atau Malaysia secara bersendirian apongkan nilai ringgit dengan beberapa mata wang terpilih sahaja… apa kata Yen dan Yuan? Nampak gaya ‘kuasa ekonomi dunia’ makin berpusat ke dunia belah sini?
aRieLsyah
Dearest Dr M
You are indeed the PEARL.
Selamat Hari Raya, semoga berbahagia disamping keluarga.
Doa kami agar Dr M sehat walafiat sepanjang masa.
I still believe Bank Negara is doing excellent jobs in exchange rate and monetary policy. The open economy trilemma has taught our country to not follow the old text book. Hope Bank negara can do their jobs independently and not to influenced by current government adminstration.
Salam Ayahanda Tun. Maaf menyimpang keluar tajuk. Tetapi pada bacaan saya tentang perkembangan terbaru di dalam MT nampak macam ada usaha-usaha untuk membantut peluang politik Tan Sri Muhyiddin dan juga Tengku Razaleigh. Ada usaha supaya pertukaran kepimpinan tertinggi masih dilakukan secara “nego” lagi. Pada masa Tun dahulu cara ini dapat di terima kerana kredibiliti Tun yang benar-benar utuh dan mantap. Tetapi sekarang kalau nak sandarkan peralihan kuasa secara ini berasaskan kepada kredibiliti Presiden dan Timbalan Presiden, maka saya rasa ini jika benar-benar berlaku, akan menjadi permulaan bagi kemusnahan secara total UMNO. Mungkin juga ada cadangan supaya Datuk Mukhriz mendapat laluan mudah tetapi kena ada barter: endorsement Tun dalam usul “nego” ini. Saya yakin Tun tidak akan layan semua ini. Kalau berlaku penangguhan bagi mesyuarat UMNO hingga ke Jun tahun hadapan, bermakna politik ala Oxford untuk membeli masa telah berjaya melangkah setapak lagi kehadapan dalam kemelut ini. Salam Tun. Minta maaf menyimpang dan terima kasih.
Harap Tun dapat memberi komen tentang mutu pendidikan negara yang semain merosot kerana dari sistem penddikan la kita melahirkan insan-insan yang kini menjawat jawatan baik di sektor kerajaan mahupun korporat. Melihat kepada kebohohan ramai pekerja professional malaysia , seolah-olahtahap pemikiran raakyat negara ini secara majoritinya adalah macam hampas!!. Yang bijaksana hanya beberapakerat dan slebihnya idea yang diciplak dari negara maju. Kita tiada jati diri dan kekuatan untuk mencipta sesuatu.
Kalau saya nak buat perbandingan antara pemimpin dan juga mutu kerja rakyat malaysia 30-40 tahun dahulu, agaknya 10 kali ganda lebih berkualiti dari yang ada pada masa ini. Zaman maju ini pemikiran mee segera menjadi amalan kebanyakan pihak.
Sallam Tun,
kekadang wartawan ni bukannnya cerdik sangat. banyak nk sensasikan cerita sampai tahap yang boleh memudaratkan negara
Asmlkm Ayahnda TDM,
Biawak hidup dlm kerajaan dan umno tak akan implement apa2 cadangan dari ayahnda, cayalah..malas dah nak komen…
Selamat hari raya buat ayahnda dan bonda.
salam Tun,
benarkah masa tun membuat tambatan ringgit dan menolak imf tahun 1997 tun menggunakan nasihat pakar ekonomi yang memenangi nobel price winner paul krugman?adakah dengan melantik orang seperti shahidan kassim,mtm,shahrizat dan entah siapa-siapa lagi dapat menyelesaikan masalah ekonomi negara?mengapa tak panggil balik paul krugman untuk menasihatkan pm,dan dpm bagaimana untuk mengendali ekonomi negara yang tengah gawat ini.dari membazir duit untuk menggaji penasihat yang tak ada portfolio dan entah apa-apa hasilnya,mengapa tak pecat semua penasihat itu dan gaji itu kita bayar ke paul krugman untuk menasihati kabinet bagaimana untuk keluar dari kegawatan ini.
Dear Tun,
I understand very little about economies but I think anything for the country is relevant to be discussed. People in this field should be more open and flexible, right ?
Dear Tun,
I do not understand very little about economies but I think anything for the country is relevant to be discussed. People in this field should be more open and flexible, right ?
Salam TUN,
Why every nation use USD as standrad trading currency? The main reason is “IN GOD WE TRUST”words were printed in US dollars.US is not only big Nation in terms of purchasing power but also as a producer.US are providing technology,defence and security to 80% of countries.
If US fail means = the entire world going into chaos.Look at
malaysia – 100% IT using US based Technology ,Petroluem industries using US Technology.Japanese ,China,EU and other countries ,all using US technology and blah..blah. SO PLEASE PRAY HARD “IN GOD WE TRUST”(USD). IF not we all become dead meat brother.One more example is just compare NYSE VS KLSE which is one that can reflex worldwide market sentiments! Currency is nothing BUT “TRUST” so do we have the WORLD TRUST!
Salam Ramadhan Tun,
The bestsuggestion…. you’ve done it before…. and proved to be effective…. well… they never learned anything from you… 🙂
Selamat menyambut idulfitri minal aidin walfaizin. moga berbahagia disamping family .
Dear Tun,
Agree with some of your ideas above..
Dear Crazyidiot,
Agree with some of your ideas too…
Hangpa tambat pi lah ngan apa jenis mata wang pun… semua mashyuk kat poket depa juga… Dengan tahap corrupt yang ada kat orang yang berkuasa skarang….. buat gold dinar apa ??? Diamond dinar sekalipun hidup rakyat kita memang akan susah..
Kita kena hapuskan semua buaya buaya nie dulu…
Slamat ri Raya Tun…
Dear Tun,
When US government keep printing its notes in order to survive without any backing of gold and only backed by its banker can you imagine how are they going to settle their debts of more than 40 trillion. Now you see what has happened is that their bankers is collapsing one after another thus who will then back the US dollar? One day US dollar will become like our duit pisang at time of Japanese invaded Malaya. That’s why now US has to rob other oil rich countries like Afghanistan, Iraq and soon Iran and not the poor North Korea. By invading those countries they will utilise all their stocks and unsold weapons and fleets by then they contra with the oil reserved of those countries. Really a desperate move..
– Jinggo Rock –
Salam Tun,
Tun dah foreseen benda ni lama dah. Sebab tu Tun sedaya upaya ingin Malaysia memegang tampuk OIC dimana kita boleh implement rancangan ini kepada negara-negara Islam sedunia.
Alangkah indahnya jika Arab Saudi setuju menggunakan Dinar Emas sebagai trade currency. Inilah rancangan pejuang Islam yang menangani ancaman yahudi secara bijaksana.
Tun, selamat hari raya. Semoga raya tahun ini bermakna bagi kita rakyat Malaysia.
Dear Ayahanda,
ur explanation make sense.. even for me.. a university student.. if the goverment dont understand what u r trying to say.. maybe they shud resume their studies.. HAHA..
P/S – Selamat Hari Raya ayahanda.. smoga panjang umur murah rezaki.. god bless u..
Hi Tun! I strongly support an orderly management of our currency. Pegging the Ringgit definitely would provide Malaysia the required stability considering the potential of the next financial earthquake coming around the corner; the last thing we want to do is to go round fire fighting in the financial frontline if/when it does happened. After all, a strong financial backbone will definitely be a good source of immunity to the Malaysian economy. When the Rakyats’ pocket is healthy, everything will take care of itself in due course.
The strenght of our currency is definitely justified by the goods that we are able to produce and if we are able to produce goods that are strategic enough and cannot be produced by another country, maybe, perhaps maybe, we can demand that the purchase of these products must be in Ringgit. Nothing is impossible! As for the USA, their currency, in my opinion, is backed by their armoury. The weapons built through their wealth of knowledge and by acquisition of human talents(or capital). That’s why we observe this nation to be a trigger happy one. Should there be an outbreak of PEACE, then it will be really detrimental to the American economy; who will want to by their arms?!!!! I believe the trading and manufacturing of arms is one of the biggest contributor to their economy. I stand to be corected though.
Salam kasih buat Tun dan Family,
reading your comment and suggestion on this subject,I wonder whether Pak Lah will be able to ever proposed as you did.Well most of us know that Pak Lah know “nuts” and he only depend on the others for advised…
Thats why there only one Tun Mahathir and we may not be able to see one that as knowledgeable as you are…keep it up Tun and May Allah continue His Blessing Upon you and your beloved Family.
Wallahualam…
Assalamualaikum TUN
saya tak berapa faham ekonomi ni TUN, tapi nak tanya sikit pada sesiapa yang arif, boleh ke seseorang yang berkuasa mengawal nilai ringgit? ye lah kan bila dah power semua boleh control seperti bank negara, bank bank, company besar besar, semua jabatan jabatan dan kementrian dalam negara. kalau boleh kawal saya nak tanya sikit:-
kalau saya power.
kalau saya ada duit USD100 juta pada june 2008 ( 3.1 ) saya akan control bagi rate jadi 3.5 pada sep 2008 dan jadi 3.8 pada dec 2008 so saya akan convert pi RM untuk jadi RM380 juta ( 70 juta dalam 6 bulan= 22.58% ) lepas tu saya akan buat ringgit slowly jadi kuat sampai 3.0 pada dec 2009 pula dan tukar kepada USD jadi USD126.67 juta….kemudian saya akan lemahkan ringgit kembali biar jadi 4.0 pada june 2010 lepas tu tukar ke ringgit balik jadi RM506.68 juta….. soo dalam 2 tahun dari RM310 juta jadi RM506.68juta =63.45% = 31.72% per anum…..
saya tak reti ekonomi ni,,,tapi kalau saya ada power saya buat…he he he he
assalamualaikum TUN dan selamat Berpuasa agar TUN terus sihat hendaknya.
Hi Tun,
I have most of the time never agreed with you in the area of politics that was racially inclined but when it comes to the nation’s economy I think you are right not only before but even now.
I am not an economist but I can understand what you are trying to tell our guys to do. We are egotists and so surely a person’s ego is hurt more than the economy of the nation.
The idea of not using the US Dollar as an international trading currency is good but for Malaysia or for that matter for any other nation to use their country’s currency just because they are trading in billions of dollars should not be the answer.
I am just thinking afar why not gold bullions be used internationally to trade through a currency which must be created internationally which should be the global currency for trading.
Good day.
Dear Tun.
Selamat berpuasa and Selamat Hari Raya.
Your vision and advice are valuable.
I am quite sure that the present monetary blue-print are no longer practicable.
The world need a new currency with its own value like Euro.
We probably requires a new currency for Asia…like Asianbi.
More than half the world population are living in Asia.
But 80% of the population are suffering…and living from hand to mouth.
It will be so much better if Tun can start the ball rolling with Asean plus Japan, China and India.
The very rich can just throw money like buying football club and players.
Many people in Asia can only afford one meal a day.
Very sad situation.
Assalamu’alaikum Tun dan semua rakan bloggers
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Dearest Tun,
I believe pegging is good with the economics structure that causes the USD to be volatile. For a hit the take over of the USD government to AIG stocks with USD 8b billion does shivers the Wall Street which in the end cause a ripple to all the stock market of the world. Japan, Hong Kong, Singapore and ultimately Malaysia. Many more since the Iraq war until the present the economic structure even in the US is unstable and unsure.
Tun, please donât bondage yourself with the government in stopping your kind comments to improve the sake of Malaysia nations. You have the experience and charisma in venturing the unchartered course of the uncertainty in the steering of Malaysia economical development which overall may have a greater impact to the nation or in a humble self the ârakyatâ as a whole.
I believe the impact of pegging will:
⢠Strengthen our ringgit as a whole.
⢠Increase patriotism
⢠Ensure a certainty of our economic financial planning for importers
⢠Gain creditability to our nation in term of trade balance confidence.
⢠Talk and walk our economic policy.
⢠Overall ârakyatâ will be bless by the over flow of the surety as the return of pegging.
But the question is very simple do our present government has the same integrity like Tun, in marketing the concept of pegging to the world. How accepted the world in our current situation with our presence government confidence and political instability that has befallen our nation.
Does our PM Datuk Seri Abdullah Ahmad Badawi have the similar vision and standard of building the nation with of yours? Do they have the support of their presence mechanism and department to move inconsistence to the vision? Do they have a vision to tackle this uncertainty? Do they have difficulties in provide resolution in providing a simultaneous darts of problems attacking them in consecutively of action?
I agreed with you Tun, you have gone thru it and fight out with victory on the experience. On the other I am a bit skeptical on the direction of the present PM. Does he has the experience and foremost the charisma to drive us out of this economical holocaust without sinking the boat and sinking everybody in it.
assalamualikum TUN…………
manusia bijak berfikir dulu sebelum bertindak…..tapi current leader sebaliknya…depa tunggu ekonomi dah lingkup baru nak gunapakai your advise…..tapi hakikatnya rakyat yg tanggung akibatnya….depa still senang lenang dgn hasil bumi malaysia yg dah depa kaut….macam tukul dgn pahat,sekali ketuk sekali jalan…kenapalah depa tak revise apa yg TUN katakan dulu,simply tolak,maybe your are not usefull to them….but to us you are simbol inspiration….TUN komenlah sikit if perhimpunan agung umno ditunda….
Dear Tun,
A decision made on the spur of the moment that pegging is not possible cannot really reflect the assessment made together with experts in consultation.
Comment:
Najib buat satu kali meeting terus kata pegging tidak akan guna semula untuk sekarang dan pada masa depan.
Keputusan dibuat dalam mesyuarat sekerat hari sahaja.
Salam kepada YAB Tun dan rakan2 bloggers,
1. Saya berani bet, Najib tolak cadangan Tun kerana itu cadangan orang yang Dollah benci.
2. Kalau diterima cadangan Tun, Najib akan lukakan hati Dollah. Najib menunjukkan kebodohannya sahaja.
3. Jika betul apa yang diceritakan oleh TS M.Nor Yakcop tentang peranan dan komitmen Tun dalam krisis kewangan, maka Tun adalah orang yang paling tepat untuk dirujuk…Tun sudah menganalisis secara kreatif. Kalau harapkan profesor ekonomi atau kewangan pun belum tentu nampak jalan keluar kerana sudah trap dalam formula yang mereka pernah lihat sahaja. Mereka tidak berani cuba yang pelik kecuali jika dijalankan kajian dahulu…itulah sempitnya dunia orang akademik. Tun guna aplikasi…bukannya teori lagi.
4. Tun sudah pernah menjadi CEO Malaysia, pernah berjumpa pakar2, bertukar2 idea bernas, jenis bercampur orang dan cepat mempelajari sesuatu. Tun ada banyak idea tambahan pula sekarang Tun tidak ada komitmen lain (ada komitmen, tetapi tidaklah spt semasa menjadi PM dulu)maka sudah tentu Tun boleh meluangkan masa yang banyak untuk menyelesaikan masalah rakyat…bukannya nak please Dollah atau Najib.
5. Najib, please don’t be selfish, think of us, think of your dad’s commitment to the people and this country…
6. Dollah is not fond of you, you know that. At least the other ministers had shown their pity towards rakyat. I hope you insafla Najib.
Tun, being someone genuinely interested in our welfare, you still posted your ideas, even though Najib deliberately said no to your idea…jangan kecil hati, adik Najib masih takut pada abang tiri dia si Dollah.
Sir, I am a foreigner who moved here recently to set up a business. I have been an avid reader of your blog since June. I had heard so much about the developments that took place during your premiership. After reading your articles, I am amazed at your knowledge and wisdom, it’s no wonder that some are jealous of you.
To fellow Malaysian readers..there’s no point regretting later. It’s still not too late to team up together and think of a way to bring this great man to be the Mentor Minister if not as Premier. Malaysia has everything to gain and nothing to lose by doing this. Just do it
Assalamualaikum Tun,
sy adalah antara jutaan penyokong setia Tun.
Membidas Pak Lah dalam mesyuarat UMNO cwngan (tapi apalah sgt pandangan dari Ahli biasa!)
serta bertikam lidah dengan org melayu yang mengaku Islam tapi menyokong perjuangan Anwar dlm menjahanamkan ketuanan melayu sekaligus kedaulatan Islam!!
Semoga Allah memberkati perjuangan Tun & Merahmati Tun & Isteri di dunia serta akhirat!! Selamat Berbuka Puasa, Salam Aidilfitri
Yusyaimi Yunus
p/s : di mana boleh dapatkan poster/car sticker TUN?
Wassalam
Cool!… Yeah i support u Tun M.
Sir, I agree with your assessment of the US dollar.
Even Warren Buffett of Berkshire Hathaway has the company keeping substantial cash levels in non-US currency.
For the rest, I cannot comment as I am not an expert on impact of currency pegging.
Assalamualaikum Tun dan Keluarga
Semoga bulan puasa in banyak memberi kemenagan kepada TUN, keluarga dan perjuangan yang belutm selaesai.
Please help devise a great plan. Get the honest Fighters to fight this uphill battle.
I cannot beleive that DSAAB does not want to listen to the Supreme C.
If the UMNO people from the NCER area are smart enough and care for themself then they should get rid of DSAAB. Just like the people in Perak and Selangor. This are the people effected the most by DSAAB. I hope they wake up.
Any form of bribe from DSAAB will not last them longer than 2009. I beleive the people will bring it to the streets before the next Raya.
By Allah will, You will win this battle. I know you can.
InsyaAllah.
Azlan Abd Aziz 25/9 3:19pm posting ;
The brain dried up after long hours of playing golf.
– – – – – – – – – – – – – – – – – – – – – – – – – –
The PM plays golf, Finance Minister also plays golf.
Tun Dr M and Tun Daim don’t play golf. They don’t waste time.
Salam Tun.
I still remember when the time you were trying to impose the pegging in 1998 there were many so called experts went against you.
At the meeting of so called experts arguing like hell and yet you were firmed enough and imposed it.
The then BNM Gabenor resigned the next day not in term with your suggestion.
The IMF in particular said Malaysia will fall worst then other neighbouring countries.
In the end you were rights and as a result all our MNCs, GLCs were not fall into the hand of foreigners for bargain hunting…
The gold dinar should be considered long time ago…even economist cant’ understand that?
Salam Ayahanda Tun, the immediate focus right now would be on the UMNO MT. The key to all blunders is in there. As plainly evident now, their composition is on shaky grounds. There must be no let down on demands. In other countries, their citizens go to wars and stood up and took the bullets for their beloved land. For us Malaysians, we got our independence through negotiations, and for the next 50 years we were never bothered much by the running of this country. As fate brought it to us now, it has dawned upon us again, the honor to stand up for our country once more. There must be no let down. In the name of our pioneering ancestors and heroes, never must there be a let down! We owe this to our country. Our country needs us now, stop all that you are doing now, just stop- close your eyes and listens to her call. If there are no tears in your eyes, there must be one in your heart. The world has always been in turmoil, but get on a plane and arrive home all safe and warm. Now that turmoil is almost upon our shores, staring us in the darkness of its corridors, we must never let down our cause. Never!
damn Dr. M,
You never cease to impress me.You are truly an amazing forward thinker.
Yes, why not trade in Ringgit??? We are one of the largest exporters and importers in the world.
Saya harap selepas Dato’ Seri Najib membaca artikel Tun ini, dia dapat mengambil Tun menjadi PENASIHAT di Kementeriannya.
Saya yakin Tun masih mampu lagi melakukan sesuatu untuk kukuhkan kembali ekonomi Malaysia setelah dihancurkan oleh paklah & family.
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
TUN PENASIHAT KEMENTERIAN KEWANGAN, PAKLAH LETAK JAWATAN !!!!!
Assalamualaikum Dear Tun
I think Najib is not a good finance Minister and will not be a good Prime Minister if he becomes one. I wonder why you like him before. He is greatly influenced by his wife and according to Muhammad saw, anyone who is under the control of wife cannot become a leader. Abdullah Ahmad Badawi is the same. We should not bring our wife in the management of our countries, our business as this will cause havoc. I like the way Tun Dr Hasmah acts when she is the wife of a Prime minister.I think in reaching the decision of not pegging the ringgit against the dollars, Najib only listen to his adviser. He should have consult you and bring you to the discussion with other experts . I wonder why they do not consult you. In this case Lee Kuan Yew did better than you by remaining in office as senior minister. Lee Kuan Yew knows the behavior of his people, the people that will certainly discard him and his opinions the moment he leave office. For the sake of Singapore he remain in Office. You should have done this also
1. saya ada juga belajar Finance…dan saya belajar di Amerika.
Terima kasih kepada BN, Umno dan Kerajaan Malaysia.
2. Komen asal saya dalam ruangan terdahulu sudah menyentuh perihal matawang pun.
3. Citenya sama. Nape laa..tak kaji dan terus ikut cakap chedet tuu…saya masih ingat lagi masa chedet dok lobi pasal guna dinar…semua angguk-angguk dan geleng-geleng tapi last guna US dollar gak…buat penat jeee chedet terangkan..
4. Untuk pengetahuan semua..US dah bangkrap lama dah…Chedet sedar lepas President Nixon. saya sedar pada tahun 1996 – masa belajar. cikgu saya – si americano tuu..yang bentangkan perihal mata wang. Katanya saya ingat sehingga hari ini…”if all the US currency is claim back to America…we would not able to pay them back”, “However and somehow…the rest of the world seem liking the green notes – not realizing the true value..signing out with a smile.”
5. Saya tak bole lupa kelas hari itu hingga kini.
6. Kalau kita dok takut..dengan cara baru…dengan cara lama pun kita akan habis…
7. Mari anak melayu – kamu keturunan orang berani – ayuh kita mulakan cara perdagangan yang baru.
Salam Your Excellency Dr. Mahatir,
Everybody still remember your DINAR IDEA and will maybe implimented sooner or later.
As you are aware first RM should be convertable since like Chinese YUAN (RMB) still its not convertable in INternational market Like Sing D or HK D then the next move will eb to pegg with a basket of currenices (like EURO & JAPANESE YEN SWISS FRANK ,,, ).
Wish you all the best.
Sincerely yours,
N
Salam Tun,
Bagaimana jikalau mereka mengikut saranan Tun dan mereka mengatakan semua ini sudah ada didalam rancangan mereka bukannye tun. Mereka ini tak tahu malu tetapi bg warga chedet.com kami tahu bhw Tun telah memberi satu saranan yang boleh dibincangkan oleh pakar ekonomi bersama Tun. Love Tun n Tun siti..
Salam Your Excellency Dr. Mahatir,
Everybody still remember your DINAR IDEA and will maybe implimented sooner or later.
As you are aware first RM should be convertable since like Chinese YUAN (RMB) still its not convertable in INternational market Like Sing D or HK D then the next move will eb to pegg with a basket of currenices (like EURO & JAPANESE YEN SWISS FRANK ,,, ).
Wish you all the best.
Sincerely yours,
N
Assalamualaikum Tun.
Saya pun was-was jugak bila dengar Tun sebut pasal tambat Ringgit.Janggal rasanya.
Kawan lama saya masa belajar English dulu,katanya kalau bunyi janggal,salahlah tu.Betul la,dia pandai mengaji,nasyid,rock…tapi bila bab gunting rambut,saya gonjengkan dia pun takpe.Boleh pakai songkok apa.Sekarang saya dah pandai gunting rambut.
Kalau boleh, ekonomi kita pakai sistem barter lagi ok.Macam Datuk Rais Yatim yang suka ikut macam dulu-dulu.Adakan pertandingan baru kuat amalan demokrasi katanya.
Tapi takpe,maknanya Tun selalu keluar TV sekarang ni.Semua TV tunjukkan muka Tun.
Terima kasih Tun.
1. Being unconventional does not necessarily means notorious. We may not have to be dependent thinkers, or dependent decision makers, and solve the problem in the same way as our predecessors’.
2. It needs a visionary to propose solutions based on future trends/needs, rather than merely reacts to current/prevailing situation.
3. Never take Malaysia as too small a nation to demand payments in RM. It is not just being brave, but being correct in self-appraisal. I would suggest a number of economists to start musing with figures and policies about Malaysia demanding payments in RM. Start the gameplan with games.
4. I do support the dinar concept. How much has anyone in the monetary policy cubes doodle on this idea?
Aid Mubarak ya Tun,
Mudah sungguh Dato Seri Najib berkata “we dont need the Ringgit Pegging” dengan hanya memberi alasan yang paling umum- “ekonomi negara masih kukuh”.
Nampak sangat mcm nak bantah cadangan Tun. Apa ada dendam Najib pada Tun??
Saya rasa sebagai seorang menteri dan ahli politik sepatutnya beliau kata “Kerajaan akan mengkaji segala pilihan yang ada termasuklah mengikat matawang Ringgit untuk menstabilkan ekonomi negara”
oleh yang demikian, bila sampai ketika apabila kerajaan sudah terdesak dan terpaksa mengikat ringgit, tak malulah sangat pak menteri kewangan baru ini kerana terpaksa menelan ludah sendiri…
Idea Tun tak semestinya dapat menyelesaikan segala masalah ekonomi tetapi sepanjang saya mengenali tun sebagai perdana menteri, saya dapati tun selalu menongkah arus dengan idea yang tidak kurang mantapnya dan sekali sekala Tun dah impresskan rakyat dengan pendekatan yang tidak ortodoks Tun dalam menyelesaikan masalah ekonomi negara.
Seperti yang bloggers yang lain di atas berkata, Tun mempunyai idea yang datangnya dari luar kotak. (Thinking outside the box-kata omputeh) dan bagi saya seseorang pemimpin itu perlu lebih daripada berfikir di luar kotak.
Seseorang pemimpin agung biasanya “gila” tetapi gila yang bertempat dan berpegang kepada pendirian yang teguh demi kepentingan rakyat dan negara. apa guna kalau ada pemimpin yg siuman dan nampak baik tapi negaranya hancur?
Pol pot sewaktu masa nazaknya telah ditanya adakah beliau menyesal dengan pemerintahannya dengan membunuh lebih sejuta orang.
Beliau dengan tenang dan jelas menjawab ” My conscious is clear, I did it for the country”
Walaupun nampak ironic, tetapi pemimpin itu perlu fokus kepada negara, bukan anak menantu dan isteri baru!
18. This may sound like a ridiculous suggestion. But not being a trained economist or financier I can allow myself the privilege of unorthodox thinking.
——————————————————————–
As ridiculous as it seems to the economists and the financiers…I find that rather amusing and it’s a breeze of fresh air…:)
To DS Najib and whoever is reading this on his behalf,
Please invite Tun Dr Mahathir to your meeting, if it is ever gonna be another meeting of this sort to discuss this issue. You won’t regret every minute of it, I promise!
In The Name Of Allah Most Beneficient Most Merciful
Assalamua’laikum YAM Tun,
SubhanaAllah ! Benar bangat Tun,
Al Imam Ghazali pernah berkata : Aku melihat air yang bertakung itu cepat rosak ! No idea is bad.Cuma anehnya kerajaan sekarang masih merasa malu menerima idea dari Tun ..balek balek Tun ! tulah penyakit hati walaupun depa sangat memerlukannya.
lihatlah mereka yang mempunyai pendengaran ! penglihatan ! akal !
berani berubah : http://wechooseislam.wordpress.com/
Awasi dan mohon perlindungan Allah agar negara kita tidak terjebak macam ni http://islamicthinkers.com/intro.htm
Semoga kerajaan sekarang insaf “Dengar dan Taat”Jangan takbur !!!
Malah diTR ada ramai yang grandious delusion ..nak ambil alih kerajaan sekarang ..tak hairanlah kalau depa ni defaulted Rx.
Be honest to ourselves ….it does not matter ..idea siapa ..pokoknya jika ianya baik dan bernas terima itulah yang lebig baik ..jika mereka mengerti dan punya akal !
Allahu Ahad.
Semoga Tun jangan putus asa dan kecil hati ..teruskan ..Allah berserta Tun.
Ameen ! Qabul !
Dear Tun,
Don worry about economic.The talented ,the rich,the want to ,including the chinese and the indian and malays want to leave this country.Because we are not wanted by the incompetent leader who are race based but not performances quality.Hard to said about what will happen to malaysian,but one thing for certain learned from the collapsed of the great empire ,we are step away to the destructive of the country !Gd luck to Malaysia.Hope they will be a great leader who share and help every race.Be fair to every race!
Dear Tun
Iran is a good example. This oil rich country have found a new “weapon” to use against the US.
They have launched what they called Iran Petroleum Bourse and guess what, they use euro as the trading currency. This give them more advantage currently since euro is much more stable than USD.
This move not only annoyed the mighty US but in a way they have start economic warfare against the US.
No wonder the US is leading the world to sanction Iran by creating lies that Iran is developing a nuclear plant not for peaceful reason but for nuclear weapons! At one stage they even flexed their muscles to strike Iran.
Iran is not another Iraq. Their people is united, their leader is not a dictator. Their hatred against the US is their people jihad.
They had gone through many sanctions and they came out well and stronger.
They are 4th oil producer country in the world and cash rich (in euro)and of course they dont give a damn care with US pressures especially now with their crumbling economy.
No chemical weapons, no nuclear weapons, just change the nation trading currency to euro. We can learn something from Iran.
Selamat Hari Raya Tun and your beloved wife and family.
It is extremely annoying & i’m disgusted whenever Pak Lah is pressured to step down, somebody will be paid in throngs to come in support for Pak Lah. With this attitude, UMNO will loose ground and people will hate UMNO & BN even more.
Tun, I hope that you won’t stop to pressure Pak Lah to step down. We are now watching the destruction of Malaysia under Pak Lah & his family.
Dear Tun,
That is no doubt a brilliant idea. I think AAB and Najib failed to understand your objective and the effectiveness of this methods because they barely understand what is economy. They only know you have to “berjimat cermat”. Economy down is due external problem we cannot do anything except “berjimat cermat”.
They may even ask is it pegging the ringgit is by hanging the notes to a hanger if not how to peg ler.
As you have mention, pegging the currency is not as easier as it sound. Due to shy, they immediately reject your suggestion.
So, Tun don’t take it personal because is not your idea problem. It is their mentality problem.
Peace
Salam Tun,
Moga Sihat selalu.
Saya orang alor staq, sama macam Tun.
Bagi saya idea untuk saya develop negeri Kedah ni, dari segi ekonomi dan sosio, dan membangunkan negeri kita ni.
Bila saya bagi pendapat pada orang kerajaan PAS sekarang ni, depa kata idea saya terlalu advance untuk buat SME conference usahawan-usahawan di Kedah ni.
Biar saya ketengahkan idea Tun, jika orang-orang PAS etrlalu taksub berpolitik.
Harap Tun dapat membantu.
Salam.
Salam Tun,
Pegging currencies – kena dengar kata PAKAR PAKAR EKONOMI.
Dear TUN,
Kelebihan yang Tun miliki,adalah anugerah ALLAH.Bukan semua pemimpin yang dapat melihat apa yang Tun lihat.
You do have a good foresight.Praise to ALLAH.
Take care.
Dear Tun,
Like you I am not an economist. I took some credits in economics though. I think you expained the priciples better than most of my lecturers.
Your suggestion that we trade using our currency the ringgit. I personally think it is a good idea. The more we export the higher the value of the ringgit as the demand for the ringgit would be higher. And of course if we export less, the value of the ringgit would go down. But the country that buys our goods (imports) needs to buy our currency. With what are they going to buy our currency? Their currency? Some currencies are worthless! If you could enlighten me on this.
Tun, I read an article sometime ago that you were briefed on currency pegging by none other than the current 2nd. Finance Minister. I understand that you did alot of research before you made your decision. Why isn’t our Najib doing this? Sorry, I should not be asking you.
Selamat berbuka puasa.
Poh
Asalamualaikum Dear Tun
According to Najib after he sought some advice of experts over a single meeting, on the first day he became the minister of finance, he conclude that ringgit cannot be pegged against the US dollars. Almost the whole world is subservient to United States and the use of US dollars in trading. People thrust the dollars and that trust give values and standard to the dollars. When many countries do not have any more thrust on the supremacy of US and the dollars and stop using the dollars in trading then dollars will have no values. Tun, can we group all the muslim countries to used one type of currencies which we may suggest the use of dinnar. . We ask all our trading partners and the trading partners of all the muslim countries to use dinnars in all our tradings and making the dinnars finally stronger than the dollars and all other currencies. Many muslim countries are oil producing countries and certainly if they want to buy our oil and the oil from other muslim countries they will have to use dinnar. This idea used to be your ideas. It is a brilliant idea and I think the present leadership are not continuing with your ideas. Many brilliant ideas that you have started has been buried and wawasan 2020 has been discarded to wawasan 2050 which I do not why. Badawi start with his Islam Hadari with no action plan except talking and writing. His Islam Hadari is a mere waste of time. Islam remain the same and no other brand of Islam should be added. We have to start a program to make dinnar as our new currencies for all muslim countries and making it strong and to make the muslim countries to be less dependable on the currencies of the non muslim . At the moment I think we cannot run away from the influenced of dollars, Now many countries want to trade with us only with dollars but we can choose not to use dollars but to used other more stable currencies and we can pegged ringgit against that currencies. Selamat Berpuasa dan Selamat Hari raya maaf zahir dan batin dari saya
Hi Tun,
Again I find the so called experts behaving as if they know everything. I remember reading an article in the Singapore Strait Times during the Asian Crisis after the IMF came out with the rescue package for the Asian countries. It was written by an NUS lady professor about why the IMF plan was such an excellent plan. She wrote in a 15 point or so form and somewhere at about the 7th point she wrote that “after the inefficient companies have died and the foreign capital has revived the local economies then the local entrepreneurial spirit will flourish again and efficient industries will reemerge”. This are the simplistic ideas that academics who have never run their own business always come up with! If you have been in business you will know that raising finance or even saving up the money takes years and years. So what she was agreeing to was actually dangerous to implement as by then a lot of local business would have lost their market share to the onslaught of the foreign MNCs and it would be years before the locals regain anything. So there was a big flaw at that point in her 15 point IMF solution and yet the Straits Times gave her a 3 page spread probably because she was a professor. One thing the Asian crisis taught me was that there were hundreds of well qualified experts who contradicted with each other and that it took a Malaysia doctor who stood up to them and who studied the problem and who came up with a capital control solution of fixing the exchange rate at a low rate to make exports competitive and then going about setting the interest rates at a low level to revive the local economy which for every month since has had a BOP surplus! And now our reserves are in excess of USD 100 billion when it was only about USD 10 billion at the time!! So now I see Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz statement saying that pegging the ringgit will be dangerous to the economy as displaying the same ignorant know it all attitude we saw all to frequently during the Asian Crisis.
Assalamuailaikum Ayahnda Tun
I wonder where US$700 billion bail out money come from?.Does the US have that much of money reserve or just printed as what they like..
Ayahnda Tun..They will never agreed with you anymore even thou’ ayahnda idea is good for the country..They feel so stupid and dump if they listen to Ayahnda..see..Ayahnda just give idea on pegging the US..tomorrow Najid announce not to peg..worry lost popularity..
Anyway..Lets wait and see..will they go back to your idea.
Ayahnda selamat hari raya..semoga ayahnda panjang umur dari kami sekeluarga diperantauan..
Assalamualakum Tun,
My name is Azlan bin Samat@Samad.
From Kinabatangan , Sabah.
Pegging MYR by dollar are just significantly risky by market behaviour now on. Seriously that Tun was drive by markat sentiment and bit worry MYR attach by USD forecasting. By the way , Dollar are againts gold price always become most solution to avoid this votality and drawdown market that flows uncertain for USD.
I know that Bank Negara (BN) was Playing with market Currency and still make money by the market sentiment . They are big role on MYR market move , perhaps we still relieving by stock of gold kept by BN
and so on they still have pound, euro , CHF , JPY to deal with future market .
Tun,
I remember that U are suggesting another currency for Muslim Nation.
Muslim nation are almost greating by termendous stockpile that most country demanding for . If that happen , A new Dirham surely will beat USD , as Iranian President ask Japan to use Pound buying Oil stock from them . American President goes mad !
Yes Tun,
I am very agree your opinion to go for another currency.
MYR pegging by gold and next pengging by new Dirham!
For recent PM Abdullah Ahamad Badawi – Cause ure take command on army! – I suggest u look after telur penyu along malaysian territory! – this is best train on you cause Turtle Offshore on Late night! – Dont Sleep during turtle activity!
Selamat Hari Raya.
Dear Tun
If I am PM, you will be the first in the list of my advisors.. He.. he.. he..
Unorthodox / Unconventional Thinking is OK to me… No thinking then that’s problem…
Aper sumbangan bernas Syahidan sampai dapat jadi NCER advisor? Pelik yer?
Terima kasih… Wassalam….
Tun,
If you put AAB, Anak Tun Razak, Hamid , KJ under ISA, we would not need to waste more public funds on research to pegg the riggit. These 4 are the main cause of all problems.
Tun,
If you put AAB, Anak Tun Razak, Hamid , KJ under ISA, we would not need to waste more public funds on research to pegg the riggit. These 3 are the main cause of all problems.
Tun,
No matter what you said and commented, they will not follow.
They always think they have better minds (e.g., Oxford graduate and all the penasihat surrounding them). Even the best advise you presented and supported by top corporate figures will be shotdown. They won’t tunduk to someone who keep bashing their ‘not-so-brilliant-policies’.
Long live Tun, at least you gave many word of wisdom.
Some people can only give common sense advise e.g., “Rakyat mesti mengubah cara hidup dengan berbelanja mengikut kemampuan dan berjimat”. These are common sense that any person can give. Top leaders should be able to inspire the rakyat with more meaningful advises.
Cheers and banzai!
we should used dinar instead of dollar when trading with middle east country…
Tun, what you say does make sense.
I wonder why is Malaysia still holding USD as reserves? Other coutries e.g. Japan and China has moved their USD reserves to other commodities , like metal, gold, ore, etc.
nevertheless, malaysia is too small to trade in RM. What is malaysia’s trading volume compared to the trade volume in Asia? World? it would be better not to “tarik harga” about the RM at the moment.
However, what truly is important is that the people are vigil about what is happening to the world economy. The real recession has not hit malaysia yet, but if it does, it will be quite bad. Given the nature of the recession, it will be a long one.
The govt is too busy taking care of its domestic business, that this is not handled properly. it’s sad that only a few people with brains work in the appropraite authorities. most of the MPs are useless when it comes to economics.
Salam Aidilfitri!
Economist in Australia
Assalamualaikum Tun,
I agree that suggestion like pegging – which is an important tool – should not be simply dismissed without going thru the due thinking process.(A reflection on the level of maturity and wisdom). Time will tell whether it is a good or bad decision.
The idea of dinar was raised by Tun if I’m not wrong, during the 2003 OIC period. Sadly no one took the initiative to pursue the idea, which I believe should be given some consideration.
Lastly, I enjoy reading your articles and thoughts and simply find them brilliant. Keep sharing your thoughts and ideas – its like a long-distance mentoring session for people like us out here.
Saya ingin mengucapkan Selamat Berpuasa dan Menyambut Syawal kepada Tun & Tun Dr Hasmah & keluarga. Semoga Tun & keluarga sentiasa di dalam keadaan sihat wal-afiat.
Salam Tun…
flawless.. as always.. nak seribu daya… tak nak seribu dalih… org memberi kita merasa.. orang berbudi kita berbahasa…
SELAMAT HARI RAYA MAAF ZAHIR BATIN TUN & FAMILY…
Assalammualaikum Tun dan Keluarga,
Saya ni pun bukanlah seorang ahli ekonomi, sama seperti Tun. Cuma saya ada beberapa cadangan yang mungkin merepek pada pandangan ahli ekonomi. Cadangan saya adalah:
1. Mengujudkan satu badan ala IMF. Dianggotai oleh negara2 yang ingin menjadi ahli dan mendapat faedah daripadanya. Emas akan digunakan sebagai sandaran. Seperti yang Tun cakap matawang X (special currency)akan digunakan. Matawng X akan di “fixed” kepada emas mengikut ratio tertentu.
2. Negara2 yang menjadi ahli akan mendepositkan emas kepada badan ini. Nilai transaksi setiap negara adalah bergantung kepada berapa banyak emas yang didepositkan. Negara2 ahli masih boleh menjalankan urusniaga dengan negara2 bukan ahli seperti biasa.
3. Adalah lebih baik sekiranya negara2 ahli terdiri daripada negara yang pelbagai latarbelakang ekonomi. Contohnya negara asas pertanian ingin mengimport dari negara asas industri yang menjadi ahli, tidak perlu membeli dari negara bukan ahli.
4. Kalau boleh janganlah ada sistem veto, jika itu berlaku badan ini akan menjadi seperti PBB dan IMF (menjadi instrumen untuk menindas negara lain)
Selamat berpuasa daripda saya sekeluarga
/// 14. Perhaps I can make a ridiculous suggestion. Why not make all Malaysian trade payments in Malaysian Ringgit?
15. We are a big trading nation. We export more than 200 billion Ringgit worth of raw material and manufactured goods and we import slightly less than that. Traders cannot just ignore us or boycott us. They need our exports and they need to sell their products to us.
16. All we need to do is to demand payment in Malaysian Ringgit for our exports. We can require payment for our imports in Ringgit according to the current value in an international trading currency or gold. ///
Dear Tun – I agree with you here – it is a ridiculous suggestion. This is one of the silliest idea I have heard.
In terms of world trade, Malaysia is a pygmy and can’t even compared with the tiny Red Dot down South.
Malaysia’s 2007 exports = US$181.2 billion (RM620 billion)
Malaysia’s 2007 imports = US$145.7 billion (RM500 billion)
Singapore’s 2007 exports = US$450.6 billion (RM1,546 billion)
Singapore’s 2007 exports = US$396.0 billion (RM1,359 billion)
So, how about pegging the Ringgit to the Singapore Dollar? This is not so ridiculous. After all, the Brunei Dollar is pegged to the Singapore Dollar. In fact, it is not just pegged – it is at parity and can be used interchangeably.
Just to show you how ridiculously small Malaysia is in terms of world trade, just ONE company alone, Exxon Mobil, has an annual sales of US$390 billion (RM1,338 billion) in 2007 – more than the total exports plus imports of Malaysia.
Are you sure traders need Malaysia? If you insist on using Ringgit for the trades, they will probably tell you to go fly layang-layang and keep the goods to yourself. What can the traders buy from Malaysia that they cannot buy elsewhere? Maybe Tongkat Ali.
Thank you, Tun for the brillant lesson on global economy. Economist may disagree with you but the reality will soon prevail.
You are our modern Ulama and we are honoured to be your students.
Dear Tun, we had an Iftar in our uni. (Uni of Waikato)attended by many Muslim students especially from the Middle east and we had a guest speaker -a Vice President of the Federation of Islamic Assoc NZ- and this respected speaker -quoted part of your speech regarding Islam and knowledge – and he being a respected ulama did acknowledge my leader (TDM) as a ulama of this time. we Malaysian felt proud of this acknowledgement.
May Allah s.w.t bless you and TDSA with good health and happiness.
selamat Hari Raya – Maaf Zahir Batin.
Assalamualaikum Tun,
Another brilliant idea from our former Prime Miniter. You are simply a genium Tun.
Why can’t the present government take Tun as their adviser.
Thank you Allah.
Salam Tun,
I also find it strange that simply hours after enduring a one whole day briefing on his newly acquired financial portfolio, he announced ‘categorically’ there will be pegging of the RM today or the future. I would have thought some sort of research or discussion should have been had before making such a bold announcement.
His pronouncement that the economy is strong does not go down well with most Malaysians. The KLCI had plunged by more than 40% since January this year. Unemployment is up. FDI are quickly leaving the country ( despite some quarters contending this outflow of FDI simply indicates that Malaysian companies are simply diversifying overseas.) Well just maybe the reason why these companies are ‘diversifying overseas’ is because the political status quo in Malaysia is just not good for business. At total of RM38 billion has flowed out of the country in 2007. God only knows what the figure will be for 2008.
I also agree that the dollar is a bankrupt currency. It is only guaranteed by the US government with no physical collateral to back it up. Since America will be printing more paper money to bail out its economy, one can only fear the repercussions for the dollar in the near future.
Well, pegging the RM to a stable currency or a basket of currency is an innovation in the right direction especially if we’re looking to stabilize our RM in the coming onslaught.
Better yet, we’ll simply revert back to the gold standard. I see no wrong if Bank Negara decides to dump some of its US dollars in favor of certain precious metals.
Assalamualaikum Tun,
Sebagai anak Malaysia yang membesar di zaman pentadbiran Tun, saya sangat sinonim dengan idea dan cara Tun mentadbir serta memimpin negara ini keluar daripada kemelut ekonomi serta politik.
Saya sentiasa menyokong usaha Tun ini selama-lamanya. Semoga Allah
beri kekuatan dan kesihatan buat Tun. Salam Aidilfitri buat ayahanda Tun dan keluarga.
Wasalam
Assalamualaikum Tun,
Brilliant idea Tun tapi saya rasa mereka2 yang berkuasa terutama AAB dan Najib tak akan berani gunapakai idea itu kerna takut rakyat akan lebih sanjung Tun daripada depa(takut jatuh saham)kerna idea bernas ini datangnya dari orang yang depa dok buang jauh2.Depa lebih suka rakyat macam kami ni merasa kesan kemunduran ekonomi sekarang ini daripada menggunakan idea Tun walaupun bagus macamana sekalipun.
Selamat Hari Raya kepada Tun sekeluarga
SALAM TUN,
1. Perlantikan Shahidan satu kejutan. Perkataan kejutan…….
sedikit pun tidak terlintas. Lebih dari itu ianya satu kebiasaan. Selepas mengurangkan jumlah Menteri-Menteri Kabinet kerana ramai yang kalah PRU lepas, jawatan Penasihat Bertaraf Menteri pula timbul. Macam biasa yang ini adik-beradik flip-flop.
2. Isu Teresa Kok nak gelak pun ada. Bila dia cakap “makanan seperti anjing” lepas tu buat bising di beberapa jabatan nampak sangat mutu MP yang kita ada hari ini. Buat press statement cakap ada hari dapat makan ayam, telur rebus 2 biji dan macam2 lagi, nampak macam mewah pula. Sebab orang biasa pun makan telur rebus sebiji satu hidangan. Ringkasnya senang, sendiri cari fasal, sendiri tanggung.
3. Minyak yang dijangka turun. Saya ingat dah lebih 3 minggu dah minyak di bawah paras US110. Semalam minyak naik lebih US120 tapi pagi ni turun semula ke US106. Macam2 perbincangan nak dibuat sebab nak bagi turun harga minyak. Masa naik dulu tak payah fikir panjang pun. Tak payah tunggu pun. Mungkin nak tunggu minyak naik semual cakap tak jadi turun atau macam TUN cakap tunggu ada satu lagi Pilihanraya Kecil.
Wasalam.
Salam Tun.
Yes, we should do it. Let’s start somewhere. Now is the time.
Assalamualaikum Tun,
KAEDAH MENINGKATKAN PERMINTAAN RINGGIT (CADANGAN CHEDET)
1. Melalui kaedah ini segala jika negara luar ingin mengimport barang dari Malaysia maka mereka terpaksa menukarkan matawang dengan RM.
2. Ini akan meningkatkan permintaan RM di pasaran dunia.
3. Apabila permintaan RM meningkat maka secara automatik nilai RM akan juga meningkat.
4. Bagi saya ini merupakan salah satu option yang boleh digunakan dan tidak mustahil. Namun, adakah kerajaan akan mencuba cara ini?
http://anakmalaysia81.blogspot.com
Tun, Are you dreaming!What have not been proven needs careful consideration.You can say what you like but this is not acceptable.May be your good friend Kamal Ahmad will agree with you.
Salam kepada Tun dan semua serta selamat menyambut Hari Lebaran.
If Dato’ Seri Abdullah Ahmad Badawi is a genuine leader than he must show his dignity by letting go UMNO presidency as well as a Prime Minister of Malaysia.
Inside and outside he is being attacking.
I will not “redha” if Malaysia is governed by other than UMNO or BN’s leaders.
Here me and here we all Malaysian.
Salam Tun dan keluarga,
Semoga Tun dan seluruh keluarga sihat sejahtera dan sentiasa dilindungi Allah dari segala bencana dan fitnah.
Pertama kali saya dapat berinteraksi dgn tun dan memberi komen, terima kasih juga kerana secara tak langsung telah mengajar saya cara berfikir secara rasional.
Saya bersetuju dengan tun berkenaan penggunaan dinar Emas, Syabas TUn, Bukan senang nak jadi senang dan bukan susah nak jadi susah
Tun, I am not an economist either but i do think that the idea merit some consideration…
Najib awal2 lagi dah kata takkan tambat Ringgit, sekarang mahupun akan datang. Brave statement coming from a 1 day Finance minister! Rasanya elok Najib tanya dulu siapa2 yg lebih arif dlm bab2 kewangan dan tidak hanya berpandukan pada timb menteri, KSU, gabenor bank yg sekarang ni. Klu malu sangat tanya adik sendiri, boss CIMB! Bukan apa, managing country, apa lagi finance, ada banyak perkara yg tak tetap. Ekonomi dunia pun berubah2. Jawapan utk sesuatu masalah hari ini mungkin tak sama dgn minggu/bulan/tahun depan.
Najib kena banyak buat homework lagi klu tak nak jadi liability mcm Pak Lah.
Dear Tun,
I certainly hope Dato Seri Najib knows what he is doing and has done the necessary assessment with the economy experts like Tan Sri Nor Mohamad Yakcob.
The problem in US cannot be solved even with the bailing out by their FED at $700 billion. It can only delay the burst of the great bubble.
It is too much to expect the PM or Finance Minister to do like what you do proposing the gold dinar in OIC. We are happy enough if the government can keep the economy running at growth rate, low inflation and politically stable. We shall see whether Najib is fit for this job.
Salam Tun..
I recall one times ago you’ve suggested to use the Dinar currency as for trading transaction purpose. But seem fewer respons from the certain countries as you said they dont want their huge reserve in US Dollar to become worthless. Now those countris learned their mistake after the downfall of Us Dollar. I support the statement made by Iranian Presiden Mahmud Ahmadinejad The deficit of Us Dollar currently because of if military involement in the war on Afghanistan and Iraq. Where’s US spending some trillion of dollars just for the battles. To me it is a relevant punishment from God for what they did to the Afganistan and Iraqis people. They made the people sorrow and struggling for live, Killed Presiden Saddam Hussin after years had suffered bombed by US military. I would like to see the collapse of Amerika.
Tuhan menentukan segala nya …
Assalamualaikum Tun….
Brilliant idea Tun…. sehebat orangnya yang bernama TUN DR. MAHATHIR MOHAMAD. Saya sbg rakyat Malaysia sesangat lah bertuahnya dapat memiliki mantan PM yg sangat pintar orang nye.
Tapi malang….. PM sekarang x nak dengar cadangan dari orang yg bagus macam Tun ni.
Ape2 pun Bravo Tun…. bagi lagi idea2 bernas utk memantapkan lg ekonomi negara kita ni…kalau la mike2 tu nak dengar/terima la…
Pangkat ‘TUN’ ni sape yang bagi ye?
Setahu saya orang2 yg hebat je yg boleh dapat Pangkat ‘TUN’ ni kn….?
Saya rasa Pak Lah tu x layak dapat pangkat ‘TUN’ ni… Tapi mcm ganjil la plak PM yng lain dapat, die x dapat.
Ala…senang cite memang x layak pun… xde bende yg hebat yg die penah bgi kat Malaysia ni..Sekadar menumpang kehebatan yg telah dihasilkan oleh Tun, ade la…..
Kalau dapat jugak…tah la… sekadar nak cukup syarat sbg PM je kot..!!!!
Tun cite la pasal lain plak..
Bulan2 Pose ni, Tun selalu buat ape?
Bila bebuke Tun minat makan ape?
Pergi bazar x? Kat mane?
Raye Tun buat ketupat x? Pandai menganyam x? kalau x pandai saya boleh tolong ajar kan….he..he..he….
ape2 pun SELAMAT BERBUKA & SELAMAT HARI RAYA ADILFITRI
MAAF ZAHIR DAN BATIN KEPADA AYAHANDA TUN MAHATHIR & BONDA TUN SITI SERTA SEMUA WARGA CHEDET.COM NI K……
Dearest Tun,
Why so humble all of a sudden?
“I am not in the business of advising the Government…”, “I am not an expert in this area…”, “Perhaps I can make a ridiculous suggestion…”, “But not being a trained economist or financier…”
Your unorthodox thinking have saved the country many times especially during the late 90s. By pegging the RM and spending the country’s financial reserves building Putrajaya, KLIA, Twin Towers and the F1 Circuit, among others, have kept everybody in business and tourists, and cash, flowing in. Skeptical methods but it worked.
If only the people in Putrajaya learnt to take the risk and not being too conservative in their approach. And if they are willing to read your blogs once a while. I’m sure they do but they are too strong-headed to follow your advice or give you the credit anymore.
Our RM and economy is fast flowing down the drain.
http://wtfmalaysiangovernment.blogspot.com/
Dear Tun,
Not being an economist nor financier but have an unorthodox thinking like you, Tun. Let all of us go back to the ancient time when trading is transact in barter trade basis, and the balance of the transaction shall pay in gold or diamond.Then it will be so real for us to hold the value of the gold instead of just a piece of USD in paper.ha..ha..
I am still remember what Tun have said before that if all the nations pullout their reserves from USA, the country will go bankruptcy immediately.I am really feel skiptical why people are still using USD as International Currency?
TDM,
Its ‘their’ badluck to be adamant. I hope they no regret for not taking a initial step to protect our currency.
Have a nice evening!!
Pegging is not good for the economy of the country in the long run. We should save the currency by improving our economic competitiveness like exporting more value added goods, labour productivity etc.
Tun;
Tolong lah letak gambar2 tun & yg ada kaitan aktiviti harian Tun, letak dlm blog tun ni. Baru namapk colorful sikit. Ala macam berita2 bergambar…
Dearest Tun,
Selamat sejahtera. Thanks for a great article again. My one doa during this Ramadan is that all ‘nonsense and stupid’ politics will end.
Tun, You are still my greatest leader.
p.s. Can we have a Raya meet and greet gathering for all fans of chedet.com ? Naturally Tun can then appear personally!
Wassalam and Selamat Berbuka Puasa to Tun and family.
Salam
Tun teruskan menulis ..sekurang2nya kami rakyat juga menambahkan pengetahuan ..
Kalau Tun yg rajin membaca tidak begitu arif apatah lagi kami …
Take care & May Allah SWT bless Tun and family.
Salam buat semua rakan blog
[email protected]
Aslkm Tun,
To Najib the new Finance Minister,don’t reject Tun Dr Mahathir’s ideas just because he is no longer in the government.
It is a brilliant idea ! We must think out of the box and must not always “kowtow” with the US or whoever.
Selamat berbuka to Tun and family.Salam.
Dear Tun,
Brilliant as always! By the way, Pak Lah mentioned back in July (if I am not mistaken ) that the petrol price will float and the government will subsidise 30cents from the market rate. I don’t see the market rate being announced anymore ‘coz I think if they do follow what they have committed, we should be paying less. Also, I don’t see reporters bringing this issue up during press conference.
Can you write an article about this?
Bless you Tun.
Dear Tun,,
This topic heavy to understand it due to not my field. I prefer technical side as my study before. Btw I can ketchup what in your head.
Assalamualaikum Ybhg Tun & famili selamat menyambut eld fitri.
Duit cop ‘pokok pisang’ – jepun.
1. Melekat pada USD mcm bersandar pada batang pokok yg semakin mereput. Maka sudah pasti RM akan turut senget dan kmungkinan rebah bersama, bahaya ekonomi mula menjengok dan memberi salam.
2. Ringgit akan terus lemah sekiranya plabur tidak singgah dan semua prancangan koridor raya cuma akan tinggal ‘koridor’ dan ‘jalan raya’ sahaja.
3. Cadanganx Ybhg Tun adalah diantara pintu keluar yg dilihat selamat utk RM terus ada nilai dan tidak menjadi duit ‘pokok pisang’.
4. Halx macam ini perlu lah kita bentangkan kepada mereka yang arif dan cendiakawan kewangan supaya dapat menasihati Menteri Kewangan baru yg berkaki lebar.
Wallahualam.
Dear TUN
….not a trained economist of financier eh?…..heheh…thousands of such trained economists would struggle to write that 18 pointer of yours as above.
Malaysia needs help….not happening with this current bunch in Govt
Salaam
Dear Tun,
Amazing ideas from you..as always. The present administration will dismiss your idea (as always) but few years down the (bumpy) road, you will have the last laugh and say ‘I told you so’.
Anyways, I have always admire you. You are the kind of leader who can reassure the people that our country is in great hand. I hope there is another Mahathir in the making who will continue to lead the country where it should be.
Dear Tun,
None of the currency in the world can achieve a stable value, as the value of it depends on demands. If a country which currency is highly demanded but not supported by a strong reserve, there is high risk of losing it’s value. Yes dinar may be the answer to it. But i am sure if all the countries start to adopt dinar as currency in their trading, most country will start accumulating gold as their main reserve. This will eventually push up the value of each gram. If this happen, the exchange rate between currency of each trading country with dinar will be fluctuating and become unsatble. This is of course will be beneficial to those countries with plenty of gold as their natural resource. In Malaysia, we do not have such advantages. So i dont think by switching the trading currency from USD to dinar will be an advantagee to us.
Again, the fluactuating value of USD may not be so harmful if we can keep our trading balanced. This is because both our import and exports are in USD. So only the difference will be affected by the change in the value of USD. I am an economist but this is only my opinions.
Thank you.
This field is something that I know nuts about.
I risk coming out as a clueless ignorant idiot with an unhealthy dose of bodoh sombong, should I come up with comments regarding the matters mentioned by Tun Mahathir here
But that’s okay I guess, for I am just an orang kampung (who is armed with a laptop and Celcom GPRS 53.6Kbps connection); and is not expected to come up with any solutions. Nor tasked with it.
However, the same can’t be said of those in power – people who are expected to understand the various situations AND to come up with the right solutions.
But this current administration has failed – and miserably too!
Like me, Dollah Badawi is clueless and ignorant when it comes to economic and financial matters. But unlike me, he is bodoh sombong, which is unfortunate, really, for this is the fate of a country and the well-being of its population that he is bungling with!
By the way, Tun:
THANKS for allowing me to self-promote my site, Cendana Blues: Addicted to Politics in one of my comments here about the last Umno Supreme Council meeting. From 800 hits in nine days, it went up to 2,000-plus within 24 hours.
The latest post is this one – about the selfish opportunists within Umno who claim to represent “the grassroots”, boosting Badawi’s position and prolonging Umno and Malaysia’s ordeal:
Shogun Badawi, Kelantan Ninja Turtle & Losers Anonymous
http://cendana287.blogspot.com/2008/09/shogun-badawi-kelantan-ninja-turtle.html
Tun, do not expect the numb-nuts and the dim-wits in Putrajaya to understand your wisdom in this subject matter. Malaysia can demand the respect it deserves and is able to do so, but as long as we have incompetent leaders and non-visionaries in office, nothing will change the lot of our country.
The gold dinar idea is not new and has it’s origins in Islamic hisotry. It is the single best way to prove the worth of a currency. Kudos to you for being bold and daring. We only need people in gov. who can walk your talk.
Tun,
1. Najib ‘Si Lembik’ ni nak tunjuk yang dia tu ‘TOUGH’ tapi sebaliknya dia nampak macam ‘Si Bodoh Sombong!’
2. Dia lupa yang kita semua tahu dia cuma NAK IMPRESS BOSS DIA AJE IN KEEPING WITH HIS MANTRA, i.e. TO SUCK-UP TO PAK LAH NO MATTER WHAT “AS LONG I GET TO BECOME THE PM, EVENTUALLY (HOPEFULLY?!)”
3. Sadly, Najib does not realize that Pak Lah’s ‘BOYS’ is “TAKING CARE OF HIM!” (‘the 4th floor boys’ ‘STANDARD RESPOND’ when replying to Pak Lah’s various questions, quesries, and problems…)
4. Anyway Tun, “I am not in the business of advising the Government. When I mentioned the advisability of pegging the Ringgit, it was in answer to a question posed by a reporter. If the Government noticed the report I would feel flattered.”, be rest assured that they are listening to you, intently, BUT TOO FOOLISH & EGOISTIC TO ADMIT YOU ARE RIGHT, AGAIN & Again…!
Selamat Berbuka Puasa to Tun, Tun Dr Siti Hasmah, & family!
unorthodox thinking….
Yap, sounds good. Why not? But why didn’t you think of it when you were in power. It would have been easier to get it studied and implemented. Perhaps you were too busy to let your unorthodox thinking flow then.
P/S : although I may not agree with most of your views, but have to agree that current PM is no match in your thinking. Smart Brain. Blessed by God. Please put it into good use, for the good of the nation, all races, with sincerity.
YAB Tun,
I disagree with you when you said that what you suggested about the Ringgit be the mode of payment for Malaysia’s trade being ‘an unorthodox thinking’. Instead, I think it is a brilliant idea. It would raise up the value of our currency apart from being a brand name known to the world.
The decision by the Finance Minister to not re-pegging the Malaysian Ringgit is seen as a decision made after not much deliberation made by the so called panel of experts (assumption).
This could lead to a possible bad consequences to our economy later.
We have a genious, eventhough not a trained economist or in finance, in the form of former PM, Tun Dr Mahathir, who has proven to the world how to overcome the Financial Crisis of 1997, and yet, the present administrators chose to ignore him! What a shame and what a waste of talent! Tun have the best track record. Nobody can deny that!
If approached, I am very sure Tun would gladly provide your advise and opinion on how to best tackle the impending financial turmoil that is going to hit our country in the future.
‘If you don’t know, you ask, otherwise you might get lost’. ‘Segan bertanya, sesat jalan’. Jangan pulak tak tau tapi buat buat tau. Janganlah jadi egoist or Bodoh Sombong.
We are dealing with the future of our coutry. Please make the right decision otherwise we and our future generation will be paying for the mistakes made at this point and time.
Selamat Hari Raya Maaf Zahir Batin kepada YAB Tun dan Bonda Tun Siti Hasmah serta fellow Bloggers.
Salam Tun
This is not silly ,hopefully this ideal could be presented in UNITED NATION
Peace be unto you,
A highly thought inductive write…please keep up the good will and feed our brains.
Azeezullah Faisal
aswb TUN,
A very brilliant idea. But I must say it is a high risk approach.
But you have proven to be a financial maverick before during 1997 economic crisis, you have formulated an unorthordox approach to peg RM to US$ with effective results. WHY NOT ??? WORTH FOR THE BANK NEGARA & FINANCE MINISTRY TO CONSIDER. BUT THESE PEOPLE ARE NOT LIKE YOU TUN,BCOS YOU ARE A RISK TAKER AND THEY ARE RISK AVERTERS.
WELL, FORTUNE FAVOURS THE BRAVE, YOU TOOK ALL THE RISKS BEFORE AND YOU HAVE ELEVATED OUR COUNTRY TO THIS HEIGHT.
KUDOS & BRAVOS TO TUN.
Salam Tun Dr.Mahatir
I am not an economist by profesion , but I am very attracted to
your suggestion that trade transaction be made in Ringgit
Malaysia.The main constrain is that our country also provide
service to other countries example involve in large construction
project overseas and we also need services from other countries in
the buiding of infrastructure in our countries.
Hopefully this ideal would be studied seriously, economic solution
not necessary come from economic expert.
We somehow have to think out of the box. Barter trade system may
also be implemented in conjunction with trade transaction in
Ringgit or currencies of Major trading countries. Instead of using
Gold or US as transaction unit ESSENTIAL FOOD COMMODITY / FUEL OIL
be used as a mesuring unit.
It is a good time for us to have a brainstorming session on this issue.
Salam Tun,
14. Perhaps I can make a ridiculous suggestion. Why not make all Malaysian trade payments in Malaysian Ringgit?
I like this ridiculous suggestion!!!
There are oversea companies that trade using their own currencies.
I dont see the reason why we cant do the same.
Salam Tun
Saya bukan pakar dan juga kurang berminat dalam hal2 berkaitan currency atau ekonomi. Tapi kesan dari kemelesetan ekonomi atau kejatuhan nilai matawang akan memberi kesan kepada negara dan juga saya sendiri. Contohnya kenaikan harga barang, inflasi, atau apa saja yang berkaitan keluar masuk wang dari poket saya..
Cadangan Tun atau idea tun perlu dipandang serius dan dipertimbangkan. Economic downturn during 98 has give significant impact to our country but u as a PM has bring Malaysia out from that problem without any help from other country. You have the experience, our current PM not so good in this field and the deputy cum finance minister is still learning (maybe lah). So better they ask for your opinion before make any decision (hopefully). Malu bertanya sesat jalan..
Maybe the rakyat dont understand about the pegging, currency, etc..but any change in all of that can effects all of the rakyat.. If the rakyat not happy… well u know.
Selamat Hari Raya untuk Tun dan Keluarga..
RBK
Assalamualaikum Ayahanda Tun n Bonda Siti Hasmah,
Sebenarnya apa yang Tun cadangkan ini itulah yang sebenar-benarnya halal dan sah di sisi Islam iaitu perniagaan menggunakan suatu yang bernilai iaitu Emas dan perak. kalau saya masih ingat sebelum Tun bersara, Tun ade mencadangkan supaya kita banyak menggunakan dinar sebagai our medium untuk business kita dengan negara Islam atau convert matawang perdagangan kita dgn matawang yg lebih stabil Euro untuk perdagangan dgn luar.
Tapi apa kan daya tun, umat Islam pada masa sekarang ini adalah sangat lemah. Semuanya takut kat Yahudi n USA. USA n Yahudi akan serang kita kalau kita tak gunakan USD. Tu sebabla mereka berperang suruh satu dunia pakai sebab US tahu walaupun diaorg tak emas but still dia boleh printkan matawang dia sebab takde siapa yang berani lawan.
Selamat berpuasa dan Selamat Hari Raya.
Dear Tun Drr Mahathir Mohamad,
You gave quite a low rating on Abdullah Ahmad Badawi, as also a Finance Minister of Malaysia.
How do you rate Mohd Najib Abdul Razak, in also the same portfolio now.
To me he is just an echo, not a leader, for being too close and too long in Abdullah Ahmad Badawi’s Chorus Team.
http://atotalblog.wordpress.com/2008/09/25/mahathir-on-pegging-and-i-sense-najib-sounded-a-different-echo/
If just echoing, then many School Children can be better.
Assalamualaikum,
Saya suka tentang cadangan Tun yang memaksa pedanag2 untuk menggunakan ringgit sebagai matawang apabila mmebaut dagangan denagn barangan kita. rasanya kalau itu menjadi, sudah kaya Malaysia ini.
Tun,
Saya hendak bertanya kepada Tun. Bolehkah UMNO pada hari ini menukar dasarnya dari dasar bangsa Melayu kepada sebuah parti yang menerapkan dasar Islam?
Jika menggunakan Islam sebagai dsar iaitu Al Quran & Sunnah, sokongan Melayu akan bertambah. Malah apabila ktia berkata tentang Islam, ia tidak hanya tertumpu kepada Melayu sahaja. Ia akan melibatkan bangsa2 lain yang turut menganuti Islam seperti Cina dan India Muslim. walaupun majoriti mereka sedikit di kalangan muallaf, tetapi undi mereka juga penting sbg rakyat Malaysia.
Adakah UMNO perlu ubah dulu orang2 yang menjadi kepalanya, baru boleh menukar dasar ini?
Tun,
Satu lagi soalan. Kenapa sampai 51 tahun kita merdeka, Melayu masih lagi tidak kuat. Maknanya Melayu masih tidak dapat menguasai semua bidang di dalam negara sendiri, terutama perdagangan, peridnustrian dan perniagaan. Sumber keti-tiga cabang itu dikuasai oleh bukan Melayu pada hari ini, dan adakah ini semata-mata Melayu masih gagal menguasainya? kenapa kerajaan tidak boleh mengubah? AP kenderaan import sbg contoh banyak dikuasai oleh orang Melayu, dan sebab itu ramai Melayu mula berdagang kereta. Tetapi hiliran dari itu, Melayu juga masih gagal menguasainya seperti spare parts dan servis.
Apa pendapat Tun?
Tun,
That was a great idea….
Now what we need is for someone to sell this excellent idea to Najib or Tan Seri Zeti …….but make sure to ignore Pak Lah interruption…….
At least we can see that our Ringgit Malaysia is valuable not like US Dollar…….
Just imagine what will happen when China and Japan start to reduce their reserve in US Dollar…..what will happen to our currency????
At this moment China, Japan and Taiwan are the biggest holder of US Dollar currency.
We must wake up to the reality that happen in the financial world nowadays…..
The bigger you are the harder you fall…like AIG, Lehman Brothers and Merill Lynch…..Did anyone of us really thought they all gonna be facing bankruptcy???? None….
salam Tun,
please correct me if I’m wrong..
The DINAR EMAS proposal was mooted when you were still in office and plans were made to implement it when you leave office and become the chairman of OIC in 2004.
The currency would be used for trading between Muslim countries and Iran was heavily in favour of it.
The US knew it was detrimental to their interests and blocked your appointment via proxy (some Gulf Arab states..)instead proposing for DSAAB (of all people!)to become the chairman of OIC.
You see,the US knew back then that DSAAB was a lame-duck and would not represent a threat!
How I wish you were at the helm of OIC..
To DNTR,
please appoint Tun as Advisor now!With the three of you (DNTR,Tun and TS Nor Md Yaakop) I am very sure the country’s economy will be in good hands.
PLEASE DO THIS FOR THE SAKE OF THE COUNTRY!
Nobody will object except maybe lame-duck DSAAB & cronies,KJ,DSAI & PKR and those with vested interests to see us fail.
I have always trusted your ‘nawaitu’ Sir..
Wassallam
Jeng3
Salam Ayahanda Tun. I saw horror on CNN just now. George W. Bush Jr. is no ordinary idiot and by all means he is no run of the mill fool. And when an idiot and a fool could place horror look on his face, you know that itâs really the big one coming. The cost to jumpstart the US economy is now publicly at USD700 Billion. Thatâs one big fat behind, which could throw out a huge tsunami when it jumps into the waters. Though well spin and muted, but a certain neighboring country is feeling this bail-out brunt in a big way already. Few say Bush had projected for this to happen (but never at the extent it had unfolded), so that he could pull wool over Congress with the bailouts. If that is correct, I hypothesize that the US is indeed in a âcontrol leapâ position. But to trade internationally in our VERY OWN RM is a morale boost for us merchants who earns our living out there. There is simply no describing the joy, should the idea sell through. Out of the box, and classically Mahathirnomics. Whatsoever the case maybe, optimism runs high that Najib is tuned in to the right frequencies and truly recognize what he is burdened with.
Salam Tun,
Saya rasa cadangan Tun supaya export gunakan ringgit sangat saya setuju. Saya nampak kebanyakan traders Singapura selalu deal pakai SGD, kenapa kita tak boleh buat deal mcm tu? Tapi saya sukar terima mcm mana nak import dgn gunakan ringgit? Biasanya negara yg kita import nak pakai USD atau matawang negara depa sendiri.
Assalammu’alaikum Yang Amat Dihormati Tun,
I could still remember your speech ” I’m not a very nice personality. I like to speak my mind, and I may offend people in the process “.
As I said before you are the Qalifah.
Wassalam.
Assalamu’alaikum Tun dan semua rakan bloggers
Sebagai tanda sokongan kpd Chedet.com, saya bangunkan malaysianvote.blogspot.com. Diharap ia dapat membantu. Tolong promote sikit!
Untuk keputusan undian terkini, sila lawati:
http://malaysianvote.blogspot.com
http://malaysianvote.blogspot.com
http://malaysianvote.blogspot.com
Salam Aidil Fitri TUN!
Semoga Tun dan keluarga sentiasa di rahmati dan dilindungi Allah SWT
Amin!
This is interesting!
Thanks on the “lecture”.
Like to take this opportunity to wish you, Selamat Hari Raya.
If you dont mind to visit my blog and read my card,
http://alephprime.blogspot.com/2008/09/greeting-eid-mubarak-20081429.html
Thanks again.
Assalamualaikum Tun
Brilliant piece of work!!!!!
Tun,
Kawan saya kerja di Digi. Ada pertandingan untuk staff digi bagi idea untuk meningkatkan lagi perkhidmatan Digi. Yang menang hampir kesemuanya bukan dari pekerja teknikal.
Ini kerana mereka mampu berikan idea di luar kotak. Walaupun tak logik. Tapi ianya boleh dicuba. Idea pekerja teknikal semuanya yg mudah-mudah. Kerana mereka hanya fikir apa yg senang untuk diri mereka lakukan. Tak mahu cuba yg lebih baik.
Jadi, tak salah kalau kita bincangkan pendapat Tun.
Cuma… Ramai yg di atas. Seboleh-bolehnya tak mahu Tun dapat nama lagi…
tun,
you rock! u really a rock star! thank you for being a great teacher to all Malaysian! Allah bless you always!
selamat petang Tun ,semoga sihat selalu dan gembira disamping keluarga.Saya sentiasa menyokong Tun.Kita perlu ada cara tersendiri untuk menangai setiap masalah terutama untuk kepentingan negara .Tun ,telah beri yang terbaik tetapi mereka di luar itu masih menidakkan lagi.Lepas satu2 tapi mereka masih nak tutup lagi.Tun ,adalah lebih baik kalau Tun masih perdana menteri.Tentu setiap masalah itu dapat diatasi .Seperti disatu ketika dahulu,dimana matawang kita pernah jatuh gara2 seorang yahudi itu.selamat berbuka Tun sekeluarga. SEMOGA TUN SIHAT DAN DIBERKATI ALLAH…………
ASSALAMUALAIKUM AYAHANDA TUN,
HATS UP TO YOU SIR, YOU ARE THE GENIUS OF ECONOMIST……JUST IMAGINE AT ONE TIME USA WAS CONDEMNING YOU ON THE DECISION TO BAIL OUT BIG COMPANIES…..TODAY USA IS DOING IT..HEHEHEHE…ALLAH IS GREAT AYAHANDA TUN…AND OF COURSE YOU ARE THE MAN….
LONG LIVE AYAHANDA TUN, I THINK YOU SHOULD BECOME OUR PRIME MINISTER AGAIN YAHANDA TUN….SERIOUSLY I WANT TO MEET YOU SIR, PLEASE…
Dear Tun
Too bad we comes down to this situation, it took us few years to regain our economic position (I think your pegging to USD then was a splendid & parctical move), yet our current economic/financial is now badly effected due to global reaction. So the ABD bunch of bunch of ‘unauthorise’, un-qualify, uncountable and ‘unapproved’ advisor focus how to attain oru market postion, his only advice is ‘time for rakyat to tighten our belt’ and revise government expenditure. Either ABD is ignorant or plain selfish, the rakyat been tighten our belt since 1 year ago, and sad to mentioned Tourisme demanded another more millions so call to finance their project for attracting overseas tourisme.
Sorry .. this is out of topic, but I’m frustrated. When Azlina was Minister of Youth she demanded to build a sport complex in UK that eats to billions, now.. tourisme… She does know how to spend.
BTW… demanding payment from overseas custome in MYR is very very good. Our company been start doing this since the USD depreciated badly.
Cheers Tun.
Well I remembered Tun, you suggested this idea ( gold backing) when you’re the PM. As always your thinking is 10 to 15 years ahead of most people. So sorry to say no takers especially by the rich oil laden countries since US already have them by the @#>@.
My company trading using RM. If they want our products they take it, that has been our practice for years and it’s safe. We must remember that all raw materials, costing are in RM, obviously we will make loss if we trade it in USD, especially after USD fell to 3.20 last time. Anyway, I agree with you Tun, these need a thorough study, not a short review where we don’t know where they pluck the figure then announced by the Governor on the 23rd Sep 2008. I propose we look at our capabilities in terms of money market and trading of goods, define it statistically then we know. Likewise you Tun, I am not an economist but at least I know what need to be done before making such a decision. Remember, US is the biggest economy, they are like a volcano ready to erupt. It doesn’t mean when we leave the currency float we don’t interfere. Economy rarely work by its system, it’s government to play their role.
Assalamualaikum Ayahanda Tun,
I really salute you. You are brilliant. I hope the government outside would listen to you at least once. Open their eyes and see the truth for the sake of Malaysian.
SELAMAT BERBUKA PUASA DAN SELAMAT MENYAMBUT HARI RAYA AIDIL FITRI
Salam Untuk Bonda Tun Siti Hasmah
Tun, Brilliant idea and I strongly agree with you. Further study is required…
It seem…the current government remains adamant…if Pak Lah still there…not much can be done…..
Tun, you have raise this idea at IKIM, let us all open up this idea and promote….like what Umar Rais did by writing book on it. We need to convince our trading partner to trust and accept us….this can not be done by Pak Lah. His close friends in Australia, Britain and US are gone. But he still has Singapore, can he convince Singapore to accept our ringgit?
Selamat Hari Raya Tun Sekeluarga. Semoga Allah melindungi dan emberi rahmat melimpah rahmah serta kekuatan kepada Tun sekeluarga. Dipanjangkan umur, sihat dan bahagia.
Tidak lupa juga kepada semua rakyat Malaysia.
salam tok det…….selamat hari raya maap zahir dan batin….harap dapat join UMNO asap b4 that parti ni rebah teruih x mangkit2 dh…perbetui kan balik apa yg perlu di perbetui kan..kalau x buat la ni…nescaya..PRU13…anwar berahim akan jd PM.SALAM
Dearest Tun,
You are ABSOLUTELY RIGHT!
Itâs really amazing to see how fast the Government/Cabinet members made the decision of NOT PEGGING the ringgit.
Have they gone through a thorough study and analysis before making such an IMPORTANT/CRITICAL decision? They made the decision simply by talking among themselves (for a few hours?). How on earth are they able to make a good decision within hours regarding something very complex? Iâm SPEECHLESS.
They DESPERATELY need someone with UNORTHODOX thinking to help them out. And, that person is Tun.
May Allah SWT bless Tun and family.
Salam Tun,
Kalau lah saya jadi menteri kewangan, terus saya akan jemput Tun berbincang atau setidak-tidaknya lantik sebagi Penasihat. Ini barulah PENASIHAT yang boleh kerja bukan yang hanya ambil gaji bulan aje dan ZERO idea tapi lagak HERO.
Tapi sekarang ni, PM & menteri ni bodoh sombong nak jemput Tun pun jauh sekali. Itu pun mereka terbaca comment Tun dlm paper.
…pening kepala rakyat sekarang….
Salam Tun & chedet.com members,
You’r gifted by Allah SWT with brilliant ability even all world’s leaders admire you.Conversely after your relinquished the PM post the situation become haywire with the worst uncertainties of economic+political situation.
Everybody admits your efforts during economic turmoil crisis 97-98 were fruitful,but conversely Badawi who are so arrogant never atempt to implement or apply any steps taken by you such as pegging or any other means.
Since Najib (also known as “yes man”) is now a so-called Finance Minister the answer still “exacly same” with Badawi’s thought on peeging when he was a Finance Minister.Tun,if you remember I posted a comment saying that there’s no reason of power transition by meaning of swapping the positions between them…still & never change in economic policy for nation and country…
Tun,what is your opinion on postponement of Pemilihan Umno from supposed in December this year to June 2009.
Take care & wishing you and whole family members ‘Selamat Hari Raya,Maaf Zahir Batin”..
Yang dihormati Tun Dr. Mahathir
Well done Tun. Interesting article. Good review and suggestion. Unothordox. Realistic. Why not. And our new Finance Minister is starting to show his arrogance.
One advice to Dato Najib. “Jangan Lupa Diri”
An English proverb:
A man is judge by what he has done and not by what he’s capable doing.
Tun, one thing for sure, we have confident in your leadership.
Kepada Tun yang dikasihi,
Hujah Tun sememangnya bernas dan tepat tapi kenapa TUN tak laksanakan semasa TUN jadi PM dulu??
Diharap Tun dapat perjelaskan
satu perkara yang amerika lakukan ialah bail-out.kalaula la ni Tun still PM,for sure tun akan tempelak Bush kerana meniru apa yang Tun lakukan.Ini terjawab segala tuduhan2 buduh Anwar Ibrahim yang sememangnye langsung tidak tahu untuk bertindak menyelamatkan negara apabila saat2 genting.langsung tidak tahu untuk menyelamatkan beribu2 pekerja terutama orang melayu yang bekerja di syarikat itu.
apa yang cuma anwar tau,cuma kata2 kerajaan nak tolong kroni,kerajaan menyalahkan duit rakyat,etc.
cadangan Tun tradepayment dalam Malaysia Ringgit ada bagusnye untuk menyeimbangkan dan mengukuhkan kedudukan RM dalam keadaan ekonomi skarang.tapi rasanye sukar untuk TPM untuk bertindak kerana baru memegang Kem. Kewangan. Mungkin TPM & Nor Yaakob boleh merujuk kepada Tun dalam hal ini.
cadangan mengurangkan kebergantungan terhadap USD ada baiknye tapi berani ke Malaysia mengikut saranan Tun yang lain itu?apakah Bank negara sanggup mengurangkan reserve USD?negara2 seperti Singapore,Australia sedang dalam mengelabah giler bila USD jatuh.negara yang kononnye di banggakan oleh pembangkang terutama saudara Anwar Ibrahim yang sentiasa mahu di temuramah oleh Australia Press.
Cuma saya masih yakin bahawa kedudukan kewangan malaysia masih kukuh tetapi perlukan anjakan ekonomi iaitu urusan perniagaan,projek2 dalam negara perlu di perhebatkan agar rakyat terutama peniaga tidak terasa akan kegawatan ekonomi.biarkan ringgitmalaysia berlegar dalam negara.contohi apa yang Tun lakukan dulu,mulakan dgn kerajaan lonjakkan aktiviti ekonomi,then selepas itu,disusuli oleh pihak swasta.maka, rakyat tidak sangat terbeban dga kegawatan
SEKIAN,SELAMAT BERBUKA KEPADA TUN SEKELUARGA.Kepada DMM(Dat. Mukhriz Mahathir) teruskan perjuangan anda.pada anda terletak masa depan malaysia.
Dear Tun,
Brilliance idea…I think this idea was raised by you some time ago…Just go ahead with what good for the country…
Selamat Hari Raya drpd saya sekeluarga di Bedong ,Kedah..
Salam Tun and everyone
It is a good point you’re trying to establish in here Tun. With your experience managing several economic downturns and recessions during your prime time, your expertise should be valued by the parties in charge over the economic situation the nation is facing today. Some of the respondents mentioned about your proposal on the use of ‘Dinar’ which you had voiced out during your tenure as the PM. As a non expert over financial matter, it doesn’t take me years to understand why this very good plan has not being implemented to OIC countries like Euro on EU. Your call to define terrorism too was not well received by these nations Tun.
Often an economic cycle will experience a recession (at least) in every 10 years or so, and as such this so called global recession is much anticipated by economic experts years before and the impact is likely on Malaysia and other Asian countries after the 97/98 downturn. The only thing that’s different and must be given extra attention and detailed studies is the reason or course of the recession. This time it is due mostly to the US economic situation which unsurprisingly has becoming bad to worst under Bush administration. Those who kept an eye over the matter should be aware of this and appropriate steps and backup plans must already be prepared to cushion the impacts in the previous years. As a small country whose economic depends heavily on the US (the US is our biggest exporter-correct me if I’m wrong), this is not something to be kept aside.
I believe in our current leaders and experts and their expertise. They have the knowledge to face this global situation and some are with experience too. The only thing is for them to have the courage to express and execute the best solution. Nevertheless, let us pray to God for Malaysia to be strong enough to endure this worst economic recession since the Great Slump. Insya-Allah.
Anyway, wishing you and your family a very good Eidul Fitri this year. Salam.
Assalamua’laikum Tok Det…
Smoga sihat sejahtera dan diberkati oleh Allah s.w.t.
“Amerika amat bimbang sekiranya perdagangan antarabangsa tidak menggunakan USD. Inilah salah satu sebab Amerika menyerang Iraq kerana Saddam Hussein bercadang menggunakan dinar emas sebagai bayaran dari hasil eksport minyaknya. Iraq ada banyak emas, tetapi diangkut pulang oleh penjajah.”
(By asam jawa on September 25, 2008 2:56 PM)
p/s: menguatkan lg kebencian sy terhadap US dan negara sekutunya dan KUTUNYA = DSAI!! Huh!!
Assalammualaikum TUN
Pandangan yang bernas dari TUN.Saya pun bukan ahli kewangan,tetapi rasa juga kita harus menggunakan dinar emas.Kembali kepada agama kerana itulah penyelesaiannya.
Saya juga berasa kecewa apabila cadangan penggunaan matawang dinar tidak dilaksanakan.Saya memohon pihak yang berkenaan berusaha secara serius dalam perlaksaan sistem matawang dinar dan bukan setakat berforum dan selepas itu senyap sahaja.
Sebab dinar emas tidak akan susut nilainya walau apa pun yang berlaku.
Assalamualaikum TUN.
Gembira dapat berkomunikasi secara lansung dengan TUN melalui chedet.com ini.
TUN, kalaulah TUN jadi PM semula alangkah bagusnya. Bangga jadi rakyat malaysia yang ada PM seperti TUN.
Love u always TUN
chesom
Dear Tun,
I think it’s a good idea to demand payment in Ringgit + to force the conversion to Dinar now. But like you said, too many countries hold too many USDs as reserves + can’t afford to see the value plummet to nothingness.
“18. This may sound like a ridiculous suggestion. But not being a trained economist or financier I can allow myself the privilege of unorthodox thinking.”
It’s not ridiculous at all.
Einstein said: “No problem can be solved from the same level of consciousness that created it.”
As most of the economists / financiers are thinking at the same level, it’s quite logical to conclude that they will go crashing down, as they historically do.
This bailout by the US is just like minting money. Like how the Japanense minted Banana paper. Maybe some financial wizardry will make all the real problems of defaulted loans melt away. But the fact remains that many ppl that have lent money are not getting it back. There is also not enough money to be borrowed anymore. Minting money traditionally causes hyperinflation, think Zimbabwe. With the current crisis in the US, probably stagflation.
I think it’s a good idea.
BTW, I dun think Najib finished his Economics degree in Nottingham. But with Nazir, maybe they can figure something out. That is if Nazir truly built CIMB to where it is because of a real competitive advantage + not just from protectionism + “connections”.
Thanks for sharing your thoughts. If only our Prime Minister can even begin to grasp some concept of economic management. But he’s too busy ceding territory to Singapore?
Wishing you a pleasant day.
Warmest regards,
Jed Yoong
Acc/Fin Grad From Warwick Uni (Ranked Top 2 Biz School by Times when I was there, so I think my econs + finance are ok-lah)
Dear Tun
Your comment on the RM PEGGING is great,but TUN don’t expect
those numbskull to heed your advise for facesaving. They rather
let the country economy goes to drain than taking positive steps
for recovery. Tun it’s already more than 6 months since the
G/Election, but till today no concrete nor positive steps
taken to elevate the Middle,Lower Income and the Poor of
their sufferings. What the present GOVt. does is just like
patching potholes on our road surface. Also the phrase
always used by our Domestic Trade and Consumer Minister
“Let The Market Forces Determine The Price Of Consumer
Goods”. Doesn’t he knows that this will encourage
unscrupulous Traders and Businessman to raise the
prices as they like. Take for example Rice,till today
the price is still skyhigh and no action taken by the relevant authority.
Tun I would like to wish you and your family “SELAMAT HARI RAYA ”
MAAF ZAHIR BATIN . (A bit early)
Salam Tun and Slamat Idul Fitri
Pak Lah cuma habis belajar agama kat UM, Najib pula tak habis belajaq kat UK dan kena balik kerana nak masuk politik. Mana depa tau pasal economi. Malas nak ambik tau.
Kedua duanya, PM dan TPM memang tak qualify nak jadi MK. Cuma yang depa tau bila harga minyak dunia naik mendadak, harga petrol diesel mestilah naik mendadak, hati rakyat pun terus mengelegak. Tapi bila harga minyak turun mendadak, harga petrol/diesel cuma turun seposen (orang Kedah kata sekupang) ja. Awat depa ingat rakyat Malaysia syok sangat ka? Apalah nasib malang rakyat Malaysia, mempunyai PM and TPM yang mentality sekupang ja.
I think we can opt to trade in Euro nowadays as it appears more stable and has a more steady nation.But many traders still prefer USD.
And I would support trading in RM too as its a good way to support our own currency. To create some demand for it.
As for referring to gold as a standard, i believe its better than referring to USD as USD is other’s currency. And going back to rate our money by gold, silver, copper might be a good idea though. As the saying ‘back to basis’. before its too late, happy EID tun!
Latest news to support Tun M’s idea:
All eyes on gold for safe investment.
http://biz.thestar.com.my/news/story.asp?file=/2008/9/25/business/2112796&sec=business
Salam Tun,
Kalau saya boleh memilih, saya akan pilih gold dinar.
Contoh paling mudah ialah, jika saya pewaris harta dari nenek saya dan mewarisi sejumlah wang yang nenek saya letak di bawah bantal sejak 30tahun lalu, tentulah wang itu sudah tidak laku lagi kerana ringgit selalu bertukar rupa dan sebagainya.
Tetapi, jika saya mewarisi emas, tidak kira berapa lama atau fesyen emas itu, tentulah ia masih lagi bernilai dan senang pula dicairkan (ditukar kepada tunai) bila diperlukan.
Jadi Tun, memang Tun seorang yang bijak dan penuh dengan ilham kurniaan Allah s.w.t. Syukur alhamdulliah…
Assalamualaikum Tun,
US dollar is just worthless paper money. It’s still of ‘value’ now because people are still trading oil using US dollar. But come a point when the oil reserve depleted or when oil producing coutries decided to trade with other currencies, that will be the end of dollar.That’s what Bush’s war on terror is all about, control over oil, because there’s no other way to save the dollar.
Using gold dinar would indeed be in line with the prophet saw sunnah in addition to the other benefits you’ve mentioned.
Demanding payment in MYR will make us a stronger nation.
These are great suggestions Tun. You are the best Tun.
Selamat Hari Raya to you Tun,Tun Hasmah and rest of the family.
Nurulhuda Samsudin
[email protected]
Dear Tun,
I can sense that your idea could be a brilliant proposition. People could ask why Ringgit? This is a very simple logical theory where we can use our currency for trading payments. Sometimes, I like your thinking of reverse perception or “öut of box” where public luxuriously pretend to ignore the need. Why we always follow the book even though we know that we are capable of making something different and better-off.
I just salute you Tun as it is very few who could creatively imagine the idea being proposed. Being an economist myself, I somehow agree with the use of Ringgit as the trading payments just like Norway. They insist trading payments in their currency which is good to maintain stability of currency rate.
Having a dinar gold is also a great alternative. Just like to say, everything must be backed by something or else the value of something may just be undefined especially US dollars.
Anyway, Selamat Hari Raya AidilFitri to Tun and Family
satu lagi cadangan dan buah fikiran yang bijaksana… tetapi sayang, ianya akan dibiarkan sahaja…
Tahniah kepada TUN DR. MAHATHIR kerana melontarkan pendapat kepada rakyat semua “terutama AAB yang tak berapa pandai dalam segala hal”.
Selamat Hari Raya kepada TUN DR. MAHATHIR. Semoga berada dalam keadaan sihat sejahtera dan tenang selalu. Amin….
The brain dried up after long hours of playing golf.
Salam Tun and readers,
Tun your opinion is based on facts and figures … so it is not ridiculous…
Myself and the rest is much more ridiculous coz not knowing the bigger picture of our economy scenario… mostly we only depend info from media…
From my reading of ur article, i understand that (layman term only, sorry for any wrong terms used)
Generally,
-Technical economy skills alone cannot withstand the power of Leadership experience gained by TUN
Technically,
– Use Purchasing Power ;
in this case we as the seller demand solid requirements in using RM as trading currency
– Don’t use Single Currency as curenccy preference
in this case use “A THING” that is more significant; meaning the value intervals from the max to min is very slightly
and the most suitable “Thing” to make as preference is GOLD
Tun, the idea is very brave … i hope u said it loudly as media will report it and THEN Pak Lah or anybody from “there” will listen.
TQ
TUN,
Kalau tidak silap..dulu tun ada advised fasal dinar emas ini dulu. kalau kita mahu ekonomi strong, Ringgit kita strong maka kita kena sandar pada emas. kita cetak ringgit based pada reserve emas kita, bukan pada dolar Amerika pemalas dan penipu itu…
Our economist mana TUN? boleh fikir revolution dalam sistyem kewangan kita.
kalaulah tun masih memimpin negara…..
(kami lah akar umbi UMNO…kami yang ramai-ramai ini. Bukan pengampu dan pak turut semua tu…mereka akar yang dah memanjat dahan.
Selamat hari raya TUN
Salam TUN.
Saya pun agak kurang arif pasai financial. Tapi apa yang TUN cuba perjelaskan disini faham lah jugak.
Saya teruja dengan pemikiran dan idea TUN di Para 14&15.
copy & paste.
14. Perhaps I can make a ridiculous suggestion. Why not make all Malaysian trade payments in Malaysian Ringgit?
15. We are a big trading nation. We export more than 200 billion Ringgit worth of raw material and manufactured goods and we import slightly less than that. Traders cannot just ignore us or boycott us. They need our exports and they need to sell their products to us.
Ini lah contoh seorang pemikir. Sentiasa ‘Moving Forward’. Sentiasa ada matlamat baru. Inovative. Quality ciri2 seorang pemimpin yang unggul , berwiba dan bewawasan. Bukan “pi mai pi mai tang tu jugak”
Tapi saya yakin idea TUN ini tidak akan diterima oleh Pak Lah dan para penasihat2 nya. Sebenarnya mereka2 ini pun bukan tahu nak buat macam mana. Nak mula dari mana. So, mereka pun cakaplah perkara ini tak sesuai dan berbagai2 lah helah lagi.
Selalu bergitu lah yang berlaku dari sejak mula TUN jadi PM. Banyak idea TUN di curigai, tapi akhir nya ia nya amat berjaya.
Tak pa lah TUN, depa tak terima cadangan TUN. Lagipun penasihat2 Pak Lah pun bukannya sehat2 pun. Tak dak masa nak pikiag hal2 rumit macam tu.
Selamat berbuka puasa pada semua kekawan chedet.com.
Saya sentiasa positif akan permikiran TUN.
Salam Tun,
Selain Tuan Guru Dato’ Nik Aziz.. saya juga amat mengkagumi Tun.. dua idola saya yang mempunyai ideologi berbeza tetapi matlamat yang sama..
Semoga Malaysia sentiasa aman & makmur..
Selamat Berpuasa & Selamat menyambut hari lebaran.. semoga Tun & keluarga akan sentiasa berbahagia hendaknya..
Maaf Zahir & Batin..
Y.BHG TUN,
BERKEMUNGKINAN YANG BERADA DIATAS SANA KURANG PENGALAMAN MACAM MANA HENDAK MENYELESAIKAN MASALAH INI KERANA MEREKA TIDAK MAMPU UNTUK BERFIKIRAN JAUH KEHADAPAN APA GUNANYA LANTIK PENASIHAT KALAU TUGAS PENASIHAT UNTUK PUNAH”SIHAT”KAN NEGARA.
Asalamualaikum wbt,
Apa khabar Tun…??
11. So gold is an ideal standard for a trade currency. Effectively we would be going back to the Gold Standard, both for the trading currency and the domestic currency. For the domestic currency the rate against gold can change in keeping with inflation.
= Pada pandangan saya ia tidak popular kerana penyagak mata wang susah nak tipu (Dinar), Sebab Penipu sudah biasa nak guna cara biasa sebab lebih berkesan (Untung).
= Sepatutnya kesedaran diperingkat antara lebih utama.
= Saya sokong penggunaan (Dinar) sebagaimana yang Tun cadangkan ini.
= Semoga ada yang buka mata tentang kebaikan masa hadapan.(Penggunaan Dinar)
Sekian,
Terima kasih
Dear Tun,
This article demostrates your exceptional quality to analyse and explore possible solutions by thinking out of the box which is why you have came up with so many ideas during your administration.
There is no guarantee that every idea will work but it should be examined carefully before being written off especially when the world is currently facing unprecedented trouble at all fronts.
Sometimes some ideas may not work but could do wonders with a little adjustments here and there. The ability to think out of the box is the quality needed in these new era where only change is constant.
Kindly continue to write, even if your advice may not be taken up directly, it could be beneficial to other readers who took it up in their own way.
salam tun,
saya sokong idea tun!! n err mmg kena buat sedikit kertas kerja..hmmm harap2 yg kat premiership tuh buat kerja sikit, alaa perbandingan/further research etc..pasti berjaya punye! dinar emas pun mmg logik!!:D semua org tahu nih..tukaran emas kpd dollar US suatu ketika zaman dulu2 tuh pon mmg sengaja dilakukan sebab US n UK n negara barat dah rancang utk apa yg berlaku sekarang nih..diorang rancang apa2pun utk 50 tahun akan datang..
i wonder the malaysian gov sekarang nih did some research or planning utk 50 tahun akan datang..huhu tgok pada masa sekarang nih, mcam keputusan2 dibuat utk waktu yg singkat2 jek;p =]
adib
p/s: dinar emas! dinar emas!!
Assalamualaikum Yang DiKasihi (YDK) Tun dan sekeluarga.
YDK Tun have already set a precedent which is recognised by world bank,IMF, Asian Development Bank and many others. In need,all the current govt need to do is to follow a succesful method of managing the economic situation rather that tryin to outsmart YDK Tun and in the process making the citizens suffer and poorer very day.
The proposed dinar trade currency value is a means proposed by YDK Tun to create economic stability especially within Asia and Asean in short we create our own destiniy but was disregarded,as usual to the detriment of the poor citizens of Malaysia and our neighbours.
Yesterday YDK Tun,our current government have reduced 10 cents per litre for petrol/diesel and they proudly said it is hari raya gift from the caring govt to the citizens. I would rather say that we,the citizens of Malaysia are still giving 48 cents per litre sumbangan to the current leaders for them to sustain theirselves and needs, whatever they are whoever they are.
YDK Tun,I take this oppurtunity to wish YDK Tun and family selamat berpuasa and selamat hari raya aidil fitri.
Take good care of your health YDK Tun & Family and I’ll alwayz pray that Datuk Mukhriz will lead Malaysia to another successful term after, off course, you YDK Tun, administration and management of the country in years to come after the dreadful past 5 years and 5 uncertained years to come.
Till we meet again YDK Tun,
I remain, Yours faithfullly,
Honorable Tun,
You may not be an expert in Financial Sector but your intelligence coupled your experience in handling Malaysian Economy for 22 years is sufficient for you to develop a financial model what we can call as ‘Common Sense’ Model. You know Tun, these days people with common sense are not ‘Common’ any more. For anyone, who can solve complex and sophisticated problem with simple idea is a real genius. Sir, you are genius. That is why even your simple proposal to peg ringgit against basket of other credible currency (the one backed with gold not US Dollars)beyond the comprehension of many people especially the current administration. Many people jumped to condemn your proposal almost immediately after you make the statement. They cannot wait to digest the idea first before countering. This is what many people get upset.Malaysian should learn to stay cool, calm and not panic when facing challenges especially economic and financial challenges. When leaders make panic statement then it will tend to make many stupid mistakes one after anotherthat can be detrimental to our beloved nation.
Dear Tun,
Your suggestions seemed logical and down-to-earth. Those in position should learn to accept suggestion in a more constructive manner for the sake of the nation. May ALLAH bless you and your family.
Tun,
Even the current US$700B bailout is not the right decision, they are still trying to do it.
“Super-power” can do what they like, but not others.
Best Regards,
http://www.leading.com.my
Tun M with his experiences in leading the country for 22 years, the present government should have given due considerations and serious attention of his opinions and thoughts for the benefit of the country. In my opinion, the biggest blunder by the present PM is his disassociation with Tun after Tun stepped down. Tun could have played good advisory roles for the government!
Salam Tun
Once again although you say you are no economist or financial expert, you have given very intelligent and workable (and perhaps successful?) suggestions which could assist the economy. When I read your suggestions, I suddenly realized as I had said before, that you could have been a fine Finance Minister. You should have taken the Finance Minister portfolio together with PM-ship during your reign but when I looked back, our economy performed very well under Daim and then you took over towards your last few years. It is very selfless and generous of you to offer these suggestions openly in your blog to revive this nation that you love. Hopefully the present government (Najib) will listen and make some wise moves but since it is Najib, I do not know…
assalamualaikum Tun,
di harap Tun sekeluarga sihat. Dan kesempatan ini saya ingin mengucapkan selamat hari raya yang akan menjelelang tiba . Dan saya mendoakan kesejahteraan Tun selalu.
Salam Tun,
Kelihatan keadaan ekonomi dunia berada di tahap yang cukup dasyat, malah ada pakar ekonomi berpendapat lebih dahsyat dari The Great Depression ketika akhir 1930an dulu. Amerika Syarikat telah mengalami kejatuhan ekonomi yang sangat teruk. Balasan Allah kepada golongan-golongan yang zalim ini turut memberi tempias kepada negara di seluruh dunia. Harapan semoga ekonomi Malaysia kembali kukuh dan mapan seperti era kebangkitan negara-negara Asia pada era 1990an. Insya Allah.
Trading in RM will be hard since it is not a standard. Since it is not a standard the currency fluctuate and end up needing to peg against other “stable” currency.
Now – to say that pegging with Euro is stable enough – is it a long term viable solution. Maybe, maybe not – it is all based on trust. Europe being so socialist – they work a lot less with 6 weeks minimum vacation. To me it is not competitive at all. Plus, it is not free from recession. For eg, UK will likely fall into recession in a few months time too. This could also be a *bad* investment since it is already so high.
I like your idea of pegging to multiple currencies. This is great, just like a Mutual Funds that buy across the index. Why is this not implemented? Any obstacle?
Selling US dollar right now is not a great choice either. Although US as a nation is bankrupt – the money in the systems are huge. In, US their people have all the money. And for a start, you need to buy low and sell high. I believe abandoning USD right now is suicide. A major crisis in US, also means a global problem. All these systems are intermingled.
If you need to do that, do that over time. Slowly convert USD into Euro over 10 years for example.
Using the gold standard again has a lot of problems. First, this mineral is finite and there’s ever growing population in the world. This means gold price will always go higher and higher.
I’m the first to comment.. well Tun was brilliant in pegging the RM during your era..and it seems to me pegging is the definate answer to the stability. Then again Pak Lah is not a brave enough to adopt your idea.. we have the power in domestic and international trade in this region thus our RM should in what ever way be used ..
Selamat Raya Aidilfitri to Tun.
…. perhaps pegging against euro or trade in RM (as Tun suggested) is also a solution… surely we have brilliant economic minds around who can embark on this feasibility study…
Assalammualaikum Tun dan keluarga,
Iâm not a financial expert too⦠canât even balanced my household budget ⦠but I believe in âThinking Out Of The Boxâ. Our financial experts are all trained in the western style of finance⦠thus their solution to our financial woes are to follow dogmatically to that trainingâ¦
It takes someone with pure guts and courage and intelligence to do what you do the last time aroundâ¦
Selamat Hari Raya Tun dan keluarga, semoga diberkati Allah selamanya.
Tun,
Selamat Hari Raya Aidil Fitri Untuk Tun Dan Keluarga.
Maaf Zahir Batin
i refer to the book by rais umar ibrahim vadillo “the return of the islamic gold dinar”…. interesting reading….
Salam Tun,
Pegging…. Most who agree with you would say you are right, I agree with you, you know so much and bla bla blah…. But those who are against would say you are dreaming, how come tiny Singapore can still survive, you are now retired and take a good rest, and so on.
But the typical Malaysian leaders would say no to any of your suggestion, if their boss says no. And then only think about the consequence later. If they are wrong, blame the newspapers, they were misquoted by the newspapers.
As rakyat jelata, I bet the current government has no clue as to what is going on. Pak Lah is busy planning to build 10,000 homes for the army. That is his next project to be shared amongst his inner cicle.
Wassalam.
Salam Tun
the book “return of the islamic gold dinar” by rais umar ibrahim vadillo is a good example of the need to protect our currency against the paper money printed by the US. probably pegging against Euro and trading in RM is one of a few solutions/options that we should take…. Taiwan did it, we should try…. of course a thorough study should be made… i’m sure we have brilliant minds in malaysia who can embark on this….
Assalamualaikum YABhg Tun.
Saya sokong pendapat YABhg. Tun mengenai saranan mengurangkan kebergantungan terhadap USD yang tiada sandaran emas.
USA mencetak USD tanpa sandaran emas. Mereka mencetak ikut keperluan. Jika semua negara memboikot penggunaan USD maka USD tiada nilai kerana sememangnya kertas tanpa sandaran emas tiada nilainya.
Amerika amat bimbang sekiranya perdagangan antarabangsa tidak menggunakan USD. Inilah salah satu sebab Amerika menyerang Iraq kerana Saddam Hussein bercadang menggunakan dinar emas sebagai bayaran dari hasil eksport minyaknya. Iraq ada banyak emas, tetapi diangkut pulang oleh penjajah.
Saya tidak terfikir rasional menambat ringgit dengan USD. Tetapi saya amat setuju dengan pandangan YABhg Tun supaya Bank Negara mengurangkan simpanan USD bagi mengelak kerugian apabila matawang tersebut jatuh nilai.
Pengoperasian barter trade dikalangan negara serantau perlu dipertingkatkan. Manakala penggunaan Dinar Emas dikalangan negara-negara Islam perlu dilaksanakan bagi mengukuhkan sistem ekonomi mereka.
Semoga YABhg. Tun sekeluarga dirahmati Allah.
Dear Tun,
Saya pun bukanlah ahli dalam soal kewangan. Membaca apa yg Tun tuliskan, ada wajarnya. Jika saya Menteri Kewangan Malaysia sekarang, apa yang akan saya lakukan ialah menjemput Tun ke pejabat saya atau saya bersama penasihat2 kewangan saya berjumpa Tun bagi membincangkan perkara yang berkaitan ‘tambatan ringgit’ yang telah Tun cadangkan.
Bagi saya, pengalaman dan pengetahuan Tun mentadbir sistem kewangan negara semasa menjadi Perdana Menteri Malaysia amatlah berharga bagi dijadikan rujukan dan panduan.
Tunggulah bila Tun dah tak ada nanti, baru lah dia orang ni sedar….
Maaf jika saya terkasar di sini.
JL
Dear Tun,
Sir, you are absolutely right on this.
The real problem in this world is that there are not enough leaders, instead many are just followers (slightly better than donkeys!)of the USA. The USA obviously knows this well and the USA makes full use of it. The USA bully, with its physical might rules over all the donkeys. Even in the world economic sphere, the bankrupt USA is rich and wealthy whereas the hard working and resource rich countries are kept poor!!
So long the vast majority of our so called leaders remain donkeys to the USA, we the people of this world are doomed.
Take care and best wishes.
Berbalah sesama kita mengundang sengsara sepanjang kurun…..ARB Dagang
Salam Tun,
Permasalahan yang timbul pada hari ini adalah disebabkan oleh sikap egoist yang menebal telah melanda pemimpin-pemimpin hari ini. Mereka cuba membuktikan sesuatu untuk meletakkan nama mereka sebaris dengan nama pemimpin-pemimpin agong dalam lipatan sejarah politik negara. Tapi malangnya apa yang cuba dibuktikan selama 5 tahun ini tidak menunjukkan mereka ini layak dipanggil pemimpin.
Adakah kita akan dipanggil tidak mempunyai identiti dan idea sekiranya kita mengikuti perkara yang telah terbukti berhasil…
Dear Tun,
Not being a trained economist or financier, most of us do not know how or what is the impact(s) if the decision(s) has been made. But one thing is for sure, Tun you are suggeting something good for the country, does everyone know this?
Have you, reader(s) thought of what Tun trying to deliver? Please think. . . and read again.
Teringat kisah “Singapura Dilanggar Todak”… diselamatkan oleh seorang budak yang menggunakan ‘unorthodox approach’.
Selamat Hari Raya Tun & Tun Siti.
Adat minum biar beralass
Minum pula air selasih,
Budimu tuan tidak terbalas,
Hanya ucapan terima kasih.
Dear Tun,
U always hv your own way facing any problems with the best ever. We miss u..
Salam TUN
Moga-moga mereka mereka baca tulisan tun dan ikut salah satu drpd cadangan TUN demi nilai RM..dan demi ekonomi MALAYSIA..
HIDOP tun..
You are excellent tun!!!! u r the best!!thanks for everything!!and hope u can forgive me coz i hate u so much after anwar case!thats at my youg age,…but today,i admire u so much!
Assalamualaikum Tun,
Noted on your explanation with regards to the Ringgit Pegging. I’m not sure why does Najib did not follow your advice to peg our currency? as u did before in the 97 Crisis?
Yeah, although it does not seems and sound easy, but, someone has to do it right?
Keep up the good work Tun..Always admire yr vision, always does and always will.
Assalamualaikum
YA.Bhg Tun,
Another brilliant idea…. lets elevate our currency to another level.
Selamat menyambut Aidil Fitri, maaf zahir dan batin.
Regards
Kentoi
p/s kalau buat open house jangan lupa jemput.
tun u roxstar 😀
dulu dah ada kuar isu nak buat dinar ni masa zaman tun kenapa tak implementkan tun?
ke sebab masa zaman tun isu tambatan ringgit dan ekonomi kita masih tak kukuh yang sebabkan tun tak implementkan benda ni?
Hi Tun,
I know your thoughts are for the rakyat’s benefit, but guess nothing will be taken into consideration’s as everyone in the government claimed that they know what’s the best for the country..Don’t know what’s going to happen if public’s view & interest are not heard..Democracy? Guess still it’s Employer & Employee concept right?
Anyway, take this time all muslim’s Selamat Berpuasa..
most beautiful word = ALLAH
most beautiful song = AZAN
world’s perfect encyclopedia = AL QURAN
exercise = SOLAT
best diet = BERPUASA
Happy Ramadhan Al-Mubarak
Dear Tun,
Do you know what I like about you? It’s the way you explains things makes it easy for me to understand. The depth of your reasoning is uncanny despite your age. Your ability to analyse a subject matter is comprehensive, it really makes interesting reading.
I am not sure if Najib really knows what he is doing when he dismissed completely the pegging possibility, just after an hour briefing session by his new Ministry.
I hope you continue to express yourself enthusiastically so that the knowledge that is within you will live on forever.
Ishak Zakaria
salam sir.
here to wish you and your family a blessed eid.
enjoy reading your writing.
be buying your chedet book, insyaAllah.. and hope to meet you for autograph… 🙂
Salam Tun,
I’m agree with you… but it need a bold leader to do such demand!
Anyway, I want to wish you Selamat Berpuasa & Selamat Menyambut Aidil Fitri
Rudy Izhwandy
SALAMM SIR!!!
YOU THE MANN!!!! KEEP GOING!!!!
DONT YOU EVER STOP!!!!
SIR, WISHING YOU AND YOUR FAMILY
HAPPY EID-FITRI 2008..
SALAMMM!!!
Dear Tun,
Unorthodox Thinking? Why not? After all the US Dollars is backed by nothing!
Thank You
Wassalam.
Salam,
i do agree with you. your explanation enable ‘non-economist’ to understand the relevance of pegging or other economic decision.
say the government decides not to peg,it should also explain like u the least so the rakyat would understand the relevance of it even the rakyat have no say in it
i supported in using dinar emas long time ago and if only we’ve kept gold 20 years ago (or at least 10 years ago since the dinar emas is termed by u), we could have enjoyed the appreciated amount.
Nonetheless, its still not too late to review and keep reviewing with the goal to provide stability and sustainability in the our economy and country. we need decisions that give security, not ambiguity.
perhaps a simple public forum by economist of malaysia (we’ve many of them here), to discuss actively about current economic situation..one topic at one time..this is useful for educational purposes for rakyat. am sure many will appreciate educational info like this. if possible view them on prime time after the news.
thanks. GoOatspeed!!
http://cafebites.blogspot.com
Tun Dr Mahathir,
Semoga Tun sihat2 selalu, teruskan usaha murni Tun ber’blog’, moga-moga akan menjadi panduan dan contoh kerajaan AAB.
Salam Ramadhan, Selamat Hari Raya
perjuangan ini masih belum selesai…
Dear Tun
This topic rather confusing, not my cup of tea. I’ll leave it to the pros and take it as it is.
By the way my ‘Selamat Hari Raya’ wishes to you, Datin and your children.
Tun,
Brilliant idea. Why not.