Monday, December 14, 2009

Malaysia's Road to Purgatory.

There is no need to use niceties to describe our past and present leaders.They are a bunch of idiots incapable of managing our country's finance. Mahathir as reported recently squandered $100 billion of our coffers. These were money known and reported. what about those that were concealed and not reported.?It would not be wrong to say that the final figure was more than the $100 billion reported.

It was even revealed that the govt spent $548 million for the 9 years it gave participants BTN courses which was ' divisive, racist and politically motivated.' Annually, the govt spent another $500 million on National service programme, a program mired in controversy and its benfits still uncertain. Money spent on such expenditure are not only wasteful but indirectly fueled corruption to those close to the corridors of power.

With all the abundant natural resources in our country how do you explain why our currency is 21/2 times lower than the Singapore currency?The answer is evidently due to the massive wastage and leakages our financial system is constantly exposed. Recently it was revealed that a menteri Besar had remitted $10 million to the U.K using a money changer. Bank Negara even revealed that oversea remmittance by politicians, Ministers, and Govt corporate leaders was a common phenomena and this had resulted in the suspension of at least 20 money changers.

With a daily barrage of corruption and leakages that is exposed unabated, the only solution that the country need is a change in the govt. We dont have much choice or option. The chinese saying that a mountain paved with gold can also crumble if the leakages continue at this rate. Therefore how much longer can Malaysia continue to sustain such leakages before it crumbles financially? We have to stop these leakages before we slide down the slippery road to purgatory.

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