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PMX! Stop supporting killers and terrorists!
https://www.youtube.com/watch?v=qMRkiF8RQdo (UN draft resolution: M’sia proposes expelling Israel from UN if there is legal violation - Anwar
7,818 views 4 Nov 2024 Malaysia has prepared a draft resolution of the United Nations General Assembly which, among others, suggests that Israel be removed as a member of the organisation should there be a violation of laws, rules and decisions in issues involving Palestine.
Francis Paul Siah
PRESS STATEMENT BY FRANCIS PAUL SIAH, LEADER OF THE MOVEMENT FOR CHANGE, SARAWAK (MoCS) ON 20 NOV, 2024
At 8.15 this morning, I received a WhatsApp message from one Inspector Firdaus from Bukit Aman who requested me to contact him. I did not pick up his calls earlier as the number was unknown to me.
I messaged Firdaus at 11.18am and enquired on the purpose of his call, to which he explained was over my recent post in Facebook titled “PMX, Stop provoking Israel?” (Screenshot below)
Firdaus also mentioned that 11 police reports have been lodged against me over the post and he sought my cooperation to meet up as he needed to record a statement from me.
I wish to state here that Inspector Firdaus has been courteous and polite and he willingly obliged when I asked him for his full name, rank and police reg number, which he gave as Inspector G2276 Mohd Firdaus bin Abdullah.
I wish to categorically state here that I have not done anything wrong nor have I broken any law in my recent post on Facebook, other than to state my disagreement with Prime Minister Anwar Ibrahim on his purported intention to call for the sacking of Israel from the United Nations.
Perhaps, it is necessary for me to remind our politicians that freedom of speech, as enshrined in many democratic constitutions protects the right of individuals to express their opinions, even when those opinions disagree with or criticise political leaders, including the prime minister or his government’s policies.
I have always hold dear and true to this principle which is fundamental to democracy, as it encourages open dialogue and exchange of diverse ideas, in my four decades as a journalist.
The other issue which I must take up here is the abuse of public institutions, such as the police, to silence dissent. This undermines democratic principles and erodes public trust in these institutions.
Public institutions like the police are tasked with upholding the law impartially and protecting the rights of all citizens, including those who dissent or criticise the government.
When they are misused for political purposes such as targeting activists, journalists, or opposition figures, it represents an abuse of power and a violation of civil liberties.
In most cases and certainly in this one, the Police Department is not to be blamed for wasting the precious hours of one of its young, energetic officers like Inspector Firdaus to deal with a harmless senior citizen whose only crime is disagreeing with certain policies of the prime minister.
The blame lies squarely on the shoulders of some political sycophants who excessively flatter or align themselves with those in power to gain personal advantage and who pose significant dangers to governance, democracy and society as a whole.
I am caught in this awkward situation and the Police Department has wasted its time because of these political parasites and leeches.
Francis Paul Siah
Leader, MoCS
20 Nov, 2024
KUALA LUMPUR, Nov 13, 2024: Stop playing with fire that can be extremely detrimental to the peace and stability of Malaysia.
Malaysia’s 10th Prime Minister (PMX) Anwar Ibrahim must stop his fervour support for terror and terrorism (Hamas).
The following are some comments plucked from social media:
> ANWAR’S SUPPORT FOR TERROR GROUP HAMAS IS CLEAR
I don’t think Anwar Ibrahim is speaking up for Palestine cos he has never dealt with President Mahmoud Abbas, the legitimate leader of Palestine.
What we can see and hear so far is Anwar expressing his concern for his terrorist brothers, Haniyeh and Sinwar (now deceased), both known men of violence and destruction. It seems that PMX is only worried for Hamas people in Gaza.
PMX does not represent me, a Malaysian, and I believe many others too, in his latest attempt at lashing out at Israel in the UN.
Let me say it again. The never-ending Mid-East war is none of our business. We take care of our own people and resolve our own problems at home. - fs
(In response to the above post)
> PMX, STOP PROVOKING ISRAEL
---------------------------------------------------
Dear PM Anwar Ibrahim, I think it’s about time you stop provoking Israel. Your latest attempt in proposing to kick out Israel from the UN is a step too far. You know that will never see the light of day.
Then, why are you acting so high and mighty and inviting trouble for Malaysia?
Is it your intention for Malaysia to go to war with Israel? Your incessant provocation against the Jewish nation and anti-Semitic bad blood seems to indicate a desire for direct confrontation.
What is Malaysia going to fight Israel with, Mr PMX? In case you are in the dark, Israel maintains one of the most advanced and well-prepared military forces globally.
Its military doctrine is designed to respond quickly and decisively to threats. For any provocateur, this can lead to severe consequences.
Mr Anwar, if you want war with Israel, please be the first to be in the frontline; and get your family to join you too.
Count me out. I have no quarrel with Israel. Neither do I possess an oversize ego and ambition to be an international hero. I desire a quiet life in a country of peace and tranquility. – fs
No News Is Bad News reproduces a previous posting of a Finance Twitter’s take on how Malaysia would suffer economically and financially with its continuous support for Hamas terrorists:
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For image info, go to https://theedgemalaysia.com/node/729206 (Alternative Views: Why the ringgit’s appreciation is losing its momentum for now)
Finance Twitter: Ringgit would be lucky to remain at RM5 to US$1
KUALA LUMPUR, Nov 12, 2024: Finance Twitter has posted an analysis that the Ringgit would be lucky if it could remain at RM5 to the dollar, and not plunge to RM6 and beyond, in the near future.
And it is all no thanks to Malaysia’s 10th Prime Minister (PMX) Anwar Ibrahim for his support to terrorists (Hamas).
The value of the Ringgit is also stressed by the country’s 1.7 million civil servants’ salaries costing RM95.6 billion and another RM32.4 billion for pensioners coupled with a RM1.5 trillion national debt.
And domestic debt, as revealed in Parliament, is at a whopping RM1,5 trillion!
No News Is Bad News reproduces below the Finance Twitter news analysis that was reposted by The Coverage:
Malaysia 1.71 Million Civil Servants Salaries Costing RM95.6 Billion & Another RM32.4 Billion For Pensioners
12 November, 2024
As revealed in its Budget 2024, the largest in Malaysia’s history, a mind-boggling RM303.8 billion has been allocated for operating expenditure (opex), leaving only RM90 billion for development expenditure. The government has to borrow RM86.2 billion, or 21.9% of the RM393.8 billion budget.
To pay the salaries of the 1.71-million bloated civil servants alone, RM95.6 billion (24.3% of total budget) has been allocated. Retirement for government pensioners would burn another RM32.4 billion (8.2% of Budget 2024). Worse, in order to appease the government staffs, 90% of whom are Malay voters, Prime Minister Anwar Ibrahim has agreed to increase their salary.
MIDF Research said in March that the Ringgit will reach RM4.00 against the U.S. dollar by end 2023. However, the Malaysian currency continued to drop, hitting RM4.66 in July. Bank Negara Malaysia (Central Bank), meanwhile, insisted that the weakness in the local currency “does not reflect economic fundamentals”. Conveniently, it blamed external factors, which was beyond its control.
In September, Hong Leong Investment Bank Research said that it expected the Ringgit to hit RM4.60 to the greenback by the year-end. But even as recently as early this month, the defiant analysts at MIDF Research said they were still confident that the currency will end the year at RM4.30. Like Bank Negara, MIDF declared that the worst was over. Of course, they were all wrong.
The Malaysian Ringgit fell to as low as RM4.782 per dollar yesterday – the weakest since the 1997 Asian Financial Crisis. In fact, it is the worst currency in Asia after the Japanese Yen. During the crisis 25 years ago, the Ringgit had fallen to RM4.88 in January 1998. But if you think it would not cross RM4.88 again – or even RM5.00 – then you should think again.
Still, how could the central bank or the genius at the research houses get so wrong in their predictions? Simple – either they had no idea what they were talking about (like those at MIDF), or they were desperately trying to convince investors that Ringgit had stabilized (like the central bank) in order to stop the bleeding. Obviously, the US$7.5 trillion daily-foreign-exchange-market did not buy the story.
The reason Ringgit is weak, and will stay that way for the rest of the year is simple – because the dollar is strong. The greenback is strong due to the 22-year high U.S. interest rate, which is needed to fight high inflation, which in turn was triggered by high energy prices, which exploded after the Russian invasion of Ukraine War, which in turn was due to the expansion of NATO to Russia’s doorstep.
Therefore, as long as the ongoing war continues in Ukraine, which looks like the case as both Vladimir Putin and Joe Biden could not lose face, the Ringgit will remain weak against the dollar. In addition to the dollar being the world’s “reserve currency”, hence the safest asset to hold when stock and bond markets turn volatile, the proxy war between the U.S. and Russia means greater demands for the currency.
The U.S. currency interest rate is 5.5%, whilst Malaysia halts its interest-rate hikes at 3% since July. The difference of 2.5% is a lot of money. An investor with US$100 million will earn a return of US$5.5 million if the money is kept in the American saving account as compared to just US$3 million in Malaysia. This makes it less attractive for dollar-based investors to buy Ringgit-denominated assets.
The Ringgit also depreciated against other major currencies except the British pound. It tumbled against the Euro, Yen as well as neighbouring Singapore dollar, where it is testing the RM3.50 level. This suggests that the local currency’s weakness against the U.S. dollar isn’t about U.S. Federal Reserve alone, but also due to low demand for Ringgit in the international market.
Thanks to decades of corruption and plundering – either to fund wasteful mega projects during the Mahathir administration or to enrich crooked leaders like former premier Najib Razak in the 1MDB scandal – the central bank has very few options in its toolbox to defend the Ringgit. Unlike Singapore and Hong Kong, Malaysia has limited reserves to intervene in the foreign exchange market.
Saddled with RM1.5 trillion national debt, it isn’t earning revenue fast enough to serve its ballooning debts. As revealed in its Budget 2024, the largest in Malaysia’s history, a mind-boggling RM303.8 billion has been allocated for operating expenditure (opex), leaving only RM90 billion for development expenditure. The government has to borrow RM86.2 billion, or 21.9% of the RM393.8 billion budget.
To pay the salaries of the 1.71-million bloated civil servants alone, RM95.6 billion (24.3% of total budget) has been allocated. Retirement for government pensioners would burn another RM32.4 billion (8.2% of Budget 2024). Worse, in order to appease the government staffs, 90% of whom are Malay voters, Prime Minister Anwar Ibrahim has agreed to increase their salary.
Even if Anwar-led unity government can stop the cancerous leakages, which it can’t, the past racist and discrimination policy of mass recruitment of a certain ethnicity into the government employment – without consideration for meritocracy, competency or productivity – has come back to haunt the government. The cost of maintaining this vote bank will kill the budget and the currency.
Nobody – not even PM Anwar – dares to bell the cat as it is political suicide to even suggest a downsizing of the world’s most bloated civil service. Every single prime minister chose to kick the can down the road, and let our grandkids solve that problem. However, investors were not dumb and they could see the problems with a country with such a disaster annual budget.
While the country is not bankrupt, at least not yet, the real amount of money it possesses in terms of purchasing power is depleting fast. The pause on the overnight policy rate (OPR) hikes was a mistake as it intensifies capital outflow to take advantage of higher returns in the United States. But the policymakers have no choice because to raise interest rates further could kill local businesses.
While the prime minister talks about “de-dollarization”, the Ringgit would hit RM5 before such measure could see any meaningful results. Those who argued that a weak currency is good for exporters have forgotten that it equally impacts imports – hence the cost of living will skyrocket. To add salt to the wound, exporters and corporations are holding foreign reserves in dollar, refusing to convert it back to Ringgit.
Even though the Federal Reserve hits pause on interest rate hikes while it reviews more data, Chairman Jerome Powell said on Thursday (Oct-19) that the inflation is still too high. Determined to bring inflation down to 2%, the Fed might raise the rate again. Even if the benchmark rate is left undisturbed at its current highest level in 22 years, the Ringgit will remain weak.
The latest Israel-Hamas war didn’t help the local currency as the conflict in the Middle East has spooked investors to load up more dollars, strengthening the American currency even more. To make matters worse, Anwar blindly and recklessly expressed his support for terrorist Hamas just because they share the same religion. He had no idea the influence of the Jews in finance, economics and business.
Janet Yellen, Elon Musk, Mark Zuckerberg, Sergey Brin, Larry Page, Goldman Sachs, Intel, Michael Bloomberg, Estée Lauder, WeWork, McDonald’s, Walt Disney and Pfizer are all Jewish, Jewish-owned brands or pro-Semitic powerful people, just to name a few. And do we need to remind Anwar how George Soros attacked and brought down Malaysian currency during the 1997/98 Asian Financial Crisis?
Perhaps Malaysia thought it could offend Washington because it has Beijing. Unfortunately, the Southeast Asian country posted seven straight months of decline in exports through September due to a slowdown in China, its largest trading partner. According to the Malaysia External Trade Statistic Bulletin (September 2023), total trade contracted by 12.6% year-on-year to RM224.4 billion.
Essentially, exports fell 13.7% to RM124.5 billion, while imports dropped 11.1% to RM100.0 billion. In September 2023 alone, trade surplus saw a reduction of 23.0%, amounting to RM24.5 billion. Clearly, this contributes to Ringgit underperformance. In fact, the decrease in the trade surplus was not only with China, but also with Singapore, Japan, Indonesia, Australia and the U.S.
More critically, instead of demonstrating leadership, competency and policies that could instil investors’ confidence in Malaysian economy and currency, the prime minister spends too much time in extreme religious politics. There’s a reason why foreign investors avoid countries, especially Muslim-majority nations that subscribe to radicalization and extremism.
It was also a strategic error for Anwar Ibrahim to invite PAS Islamist party to join the unity government. Perhaps he was trying to troll the religious extremists. Perhaps he was trying to hedge his political move. But it creates an impression of political instability, which will spook investments. It was both dumb and dangerous that Anwar acknowledges his ties with Hamas.
Silly Anwar is the only state leader, besides the regime in Tehran, to publicly declare Hamas terrorists were his brother. After Washington showed its displeasure over his support for the terror group, the European Union might reconsider its economic relations with Malaysia. Yes, Anwar’s stance is problematic due to previous reports that uncovered a training program in Malaysia from 2012 that trained Hamas fighters how to fly powered parachutes.
If the U.S. and E.U. decide to slap economic sanctions (or restrictions) on Malaysia, the Ringgit would be lucky if it could remain at RM5 to the dollar, and not plunge to RM6 and beyond. Unable to differentiate between Hamas and Palestinians, Malaysia is asking for trouble by trying to justify Hamas’ terrorism, which has killed more than 1,300 civilians.
Source : Finance Twitter
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