M’sia should not print more money, introduce Universal Basic Income

The present emphasis on a Malay-Islamic-Orang Asal gov’t in Putrajaya is unsustainable. The Orang Asal own Sabah and Sarawak. They care two hoots about Putrajaya and Malaya.

If Malays want to have sustainable political power, they should focus on bringing back local gov’t elections.

Putrajaya has to be multiracial. This country is multiracial.

Malaysia bukan tanah Melayu. Read the Definition of Malay in Article 160(2). There’s no Malay race in the Constitution. There’s case law on this.

Malaysia has an aging population. The brightest and best must lead the way for all.

Inbreeding among Malays has lowered the average intelligence level and energy. This phenomenon cannot be addressed permanently by the quota system.

Malays must weed out inbreeding, a cultural and customary practice. Mahathir warned in “The Malay Dilemma” that the Malays were genetically inferior.

Stop jumping on Auntie’s daughter!

Sometimes whole generations jump on Auntie’s daughter . . . grandfather, father, uncle and cousin. The universities have documented the phenomenon.

Indians . . .

Those with above average level of intelligence will not complain about discrimination. They will eliminate it.

For starters, Hindu should get rid of the evil caste system which has led to inbreeding and lowered the average level of intelligence and energy among them.

Only the casteless/outcaste (Pariah/Dalit/Harijan) Hindu are not inbred and have a higher average level of intelligence and energy. But they are kept down by caste Hindu ganging up on them.

It’s high time that Indians realised that beggars can’t be choosers or they will risk continuing to be losers.

Get rid of the “neverr minde, ayoh amah kadavale poche dah, ennae see erdher” MIC and the “we will fast to death” Tamil Tiger mindset Hindraf Makkal Sakthi.

Forget the muhibbah bla bla bla BS.

Focus on bringing back local gov’t elections and getting taxes levied at the local level only. Development is mostly level.

Local gov’t elections in Malaya will see Indians having real political power especially in Negri Sembilan, Selangor, KL, Perak and Penang.

Colonisation . . .

Budget 2021 is proof of internal colonisation.

Colonisation has been defined as a state ruling another state and exploiting the latter for the benefit of the former. This has been outlawed by international law as a form of criminal enterprise.

The grinding poverty in Malaysia has been caused by corruption i.e. the transfer of wealth from those who have no power to those who have power.

Sabah and Sarawak have been the victims of colonisation since British days and the phenomenon continues to this day.

The UNSC ruled that South Sudan was the victim of internal colonisation. That led to self-determination, referendum and independence.

Now, sanctions hit Sudan has removed Islam as the state religion.

Sabah . . .

How many of the members Sabah Economic Advisory Council are economists?

If none, they should engage a panel of economists to assist them on policy making for the gov’t consideration.

Ask the World Bank, IMF and ADB to assist on policy making.

Economics is a social science which studies human behaviour in the endless battle between unlimited wants and scarce resources which have alternative uses.

Look up opportunity costs, macroeconomics (i. e. economy at the wholesale) and microeconomics (i. e. economy at the retail level).

Statistics, mathematics and econometrics feature prominently in economics.

Of course, there are computer programmes which can help in these areas.

The Sabah Economic Advisory Council should be renamed the Sabah Business Advisory Council if it’s not really about economics.

Sabah Economic Advisory Council member John Lo writes a lot of garbage.

No one responds to his pieces in DE.

Firstly, they are too long.

Secondly, he doesn’t know whether he’s coming or going. He’s here, there, all over the place.

He doesn’t call a spade a spade.

He doesn’t say what he means and doesn’t mean what he says.

He’s trying to say a lot and mean nothing.

The gov’t has no business being in business.

The gov’t should step up training of locals instead of allowing everyone to go to university.

University is not for all.

The Sabah gov’t should explore the digital economy.

Perhaps it can partner with AirAsia.

Tony F, before he took over AirAsia and rebranded it, was toying with the digital economy.

When AirAsia came along, he included the airline in his digital economy plans.

Since the pandemic struck, Tony F has gone back to the digital economy fulltime and has come up with a super App.

He also took RM300m loan from SDB to work on digital economy plans in Sabah. He plans to market Sabah agricultural produce online. AirAsia will deliver the produce.
Industry . . .

Industry must focus on local labour and the global market. The winners are those who can be the biggest producer in the world and/or biggest exporter in a specfic item.

This can be done by training local labour.

Find a niche area which complies with the above.

Malaysia, for example, is the biggest producer of National airconditioners in the world, outside Japan.

Toyota, for example, is not only the biggest automobile manufacturer in the world but also the biggest exporter.

Singapore is one of the largest producers and exporters of electronics in the world. Half of Singapore’s GDP is from electronics.

In agriculture, Sabah has the advantage in palm oil. The sector should employ drone technology to do away with foreign labour.

Palm oil can be the basis for diversification into downstream manufacturing besides refining.

Money . . .

The amount of money in circulation is not only based on the physical quantity but also velocity of circulation — eg. how many times does a RM10 note change hands in an hour, if ten times, that’s equal to RM100 — and other forms of money like post-dated cheques, credit cards, IOU and credit terms.

If the amount of money in circulation is more than the supply of goods and services, prices will go up and vice versa.

If the supply of rambutan for example in the market is more than the demand, prices will drop and vice versa.

If Malaysia indiscriminately prints RM, it has to massively increase the production of goods and services to keep up with the new money in circulation. This is mathematically impossible within the matter of days, if not hours, it takes to print new money.

Instead of printing new money, Malaysia should introduce Universal Basic Income in the form of digital currency. This will increase demand for goods and services, boost the economy and increase GDP.

When the US imports, it pays in US$ and likewise demands payment in US$ when it exports.

It can in fact print US$ to pay for imports.

This money circulates the whole world, the petro dollar market, the Euro dollar market started by the KGB and the Asian dollar market started by Singapore or are brought back to the US including for investments.

Only the US can print money and get away with it. North Korea prints US$ and has come under US and UN sanctions.

In fact, because the US$ has never been changed, there’s also a large amount of fake US$ in circulation in the world. Floyd George, a Black man who was killed by a white policeman who placed him in a chokehold for eight minutes, was allegedly trying to pass off fake US$ as genuine.

The chickens have come home to roost.

The US$ is the international reserve currency and cross trading reference point to work out exchange rates.

Even digital currencies started by some countries use the US$ as the cross trading reference point to work out exchange rates.

Only the US$ matters, being only less worthless than other currencies. Those in forex should focus on the US$ only. Don’t fall for forex investment scams.

The strength of the US$ derives from the international confidence factor underwritten by American military might and the global security framework, the US subscribing to democracy and the rule of law and having the largest market in the world.

The gold standard was abandoned because the supply of the metal could not keep up with the expansion of global GDP.

The global security framework is governed by America which under Trump sees no reason to fight wars overseas.

Those who want America to defend them, he said, should pay at least part of the cost. He cited NATO as an alliance which failed to pay up a fair share.

He has since persuaded South Korea and Japan to pay towards the cost of stationing US troops in these countries.

Under Trump, Washington left out NATO from the global security framework and included India, China, Russia and Japan.

India, protected by geography, is the only nation on Earth which can put China in its place. Geography does not favour China. It lies open and exposed. It does not control any water including the South China Sea.

Trump sees no reason for a special relationship between the UK and US.

Boris Johnson was quick to congratulate Biden and hopes the Trans Atlantic relationship of Allies can be revived.

Trump has described Merkel as stupid for going from energy independence to basing the Germany economy on the supply of Russian gas. Under these circumstances, he fumed, Washington sees no reason to participate in NATO to defend Germany from Russia.

The Indo-Pacific theatre, led by the US, excludes China and Russia.

Singapore, Australia, Vietnam, Taiwan and South Korea are important allies in the Indo-Pacific theatre.

Indonesia gave a base in Sabang, northern Sumatra, to India.

The UK is handing over its Indian Ocean assets to India.

The US is setting up an Indian Ocean Naval Fleet to work with India’s Blue Water Navy which since 2011 has extended its reach to the South China Sea near Vietnam.

The Indian Navy also controls the Straits of Malacca. The Andaman Sea is Indian territory.

https://www.facebook.com/groups/349102145445049/permalink/1428514370837149/

The Indian Constitution outlawed the evil caste system.

Hindu in Malaya must eliminate inbreeding by abolishing the evil caste system.

Inbreeding lowers the average intelligence level and energy.

The future of Indians in Malaya depends on pushing for the return of local gov’t elections and pushing for all taxes to be levied at the local level only since most development is local.

Local gov’t elections will give Indians a share of political power.

Schools must have no more than 50 per cent Malay. If the enrollment of non-Malays drop below 50 per cent, then some Malay students should be transferred to other schools.

All politics are about the restructuring the distribution of power and restructuring the distribution of revenue and resources.

https://www.cnn.com/2020/11/23/economy/universal-basic-income-europe-pandemic/index.html

Universal Basic Income . . .

Author: fernzthegreat

Joe Fernandez holds a honours degree in management, majoring in economics, and has opted from academia in law to being a jurist. He was trained professionally on the job as a journalist. He's a longtime Borneo watcher, keen on the history and legal aspects of Malaya's presence in Sabah and Sarawak. He teaches the English language privately and has emerged as a subject matter expert in public examination techniques.

4 thoughts on “M’sia should not print more money, introduce Universal Basic Income”

  1. Hi Joe, this is kavitha from KL. Please tell me, will Jesus of Nazareth, mentioned in the bible, the Man who was crucified, will He physically return back to the earth one day the same man? Please tell me a straight answer, here itself, without asking me to refer here or there in blog. I want the answer from a Kerala Nasrani Christian. Only you are qualified to give me that answer. Please tell me, will Jesus physically return back from heaven?

    Like

    1. I don’t get into religion. I only focus on a few issues which come up again and again. This may or may not include law.

      Acts of the Apostles 1:9-11 NLT

      After saying this, he was taken up into a cloud while they were watching, and they could no longer see him. As they strained to see him rising into heaven, two white-robed men suddenly stood among them. “Men of Galilee,” they said, “why are you standing here staring into heaven? Jesus has been taken from you into heaven, but someday he will return from heaven in the same way you saw him go!”

      Liked by 1 person

      1. You have given me so much hope Joe. Thank you. I am going to leave Hinduism and embrace Christianity by going to a Kerala Syrian Christian church. I want to see Jesus again. I want to be with Jesus.

        Like

        1. No one can leave Hinduism or enter it. Hinduism is not a religion.

          Hinduism is a collection of local practices which vary from place to place.

          You may want to check Sanatana (science) dharma (duties) about eternal laws on eternal truths.

          These have nothing to do with Hinduism.

          The Holy Bible, the Word of God, is about the spiritual nature of truth.

          Word of God refers to eternal laws on the eternal truths.

          Many people have seen Jesus at a moment of great anguish in their lives.

          Mariner Azhar Mansor claims he saw Jesus as his yacht was sinking in stormy weather. Jesus walked across the water towards him. The waters calmed and he was saved.

          Azhar left Malaya for Australia.

          Liked by 1 person

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