Archive for September 30th, 2019
Another must-see film for Malaysians – “The Kleptocrats’: sombre reminder that May 9, 2018 saved Malaysia from becoming Venezuela of South-east Asia
Posted by Kit in Financial Scandals, nation building, PH Government on Monday, 30 September 2019
Two films every Malaysian should see are “M for Malaysia” and “The Kleptocrats -Billion Dollar Whale” to learn or to be reminded of the existential threat Malaysia faced during the 14th General Election.
If there had been no historic and miraculous change of government on May 9, 2018, Malaysia would have continued in the trajectory pursued for close to a decade to become a failed, rogue and kleptocratic state, and no power on earth could have saved future generations of Malaysians, regardless of race or religion, from the status of serfs in having to repay the tens and hundreds of billions of debt conceived and implemented by “maestros” of unimaginable scams and money-laundering schemes to exploit the loopholes of the international banking and financial system.
If there had been no change of government, the re-elected Prime Minister would have made Malaysia the Venezuela of South-east Asia and the Sick Man of Asia.
Venezuela is in the thick of a terrible political, socio-economic and humanitarian crisis. Once one of the 20 richest countries in the world and the richest in Latin America with free education and free medical services for her citizens, it is now poor, backward, broken and bankrupt state, with over 10 per cent of Venezuelans (3.4 million) having left the country in despair.
The humanitarian crisis in Venezuela has affected the life of the average Venezuelan on all levels. By 2017, hunger had escalated to the point where almost seventy-five percent of the population had lost an average of over 8 kg (over 19 lbs) in weight, and more than half did not have enough income to meet their basic food needs. Read the rest of this entry »