WHY THE GOVT OF MALAYSIA IS BANKRUPT

The Auditor General(AG) Report 2010 concluded that the current national debts of Malaysia is RM 407 BILLIONS which is 53% of the Gross National Product (GDP).

Under the loan and investment Act,the maximum amount of govt debt is 55% of the GDP.In fact every malaysian share of the govt debts is RM 15,074.

The AG report state that the govt have a big deficit in its accounts because the following reasons ;-

1) Wastage

2) Mismanagement

3) Overspending for not doing market research.

All the above reasons are BULLSHIT.The real reasons for all this is CORRUPTION.

The National Space Centre spend RM67.7 Million on Hi-Tech equipment and this equipment is lying in the store with its packing intact.

The National Sports Institute spend RM 5.66 Million on 23 horses without the approval of the ministry and this horses did not qualify for the World Endurance Championship.

The Marine Park Dept spend RM 56250 on a pair of night vision binocular when the market price for it is only RM 1940.

The govt bought 150kg of sugar for RM 25,500 for a price of RM 170 PER KG. I imagine this sugar must have some magic in it.

The way this govt is running the country,we are the GREECE OF ASIA as the amount of debts incurred by this govt have already made us bankrupt.

I just mentioned a few corrupt practices as they are too many to mention as this govt is willing to bankrupt Malaysia in order to MAINTAIN POWER.

Therefore,to overcome this problem and to prevent Malaysia as the GREECE OF ASIA,WE THE RAKYAT MUST CHANGE THE GOVT IN NEXT ELECTION.

Budget 2012 - An Election budget

Today,the PM Najib unveiled the budget for 2012.If you study the budget closely,it shows that a general election is coming soon in Malaysia where the PM is seeking a new mandate for his leadership in Malaysia.

In this budget,they will be a half month bonus for all civil servants together RM500 for all pensioners. In addition,all household with a monthly income below Rm3000 will also received a one off payment oF RM500.

All this goodies point to one thing.That thing is call GENERAL ELECTION. In all fairness,Najib is working hard to gain support for Umno but unfortunately he is the only one working very hard unlike the rest of Umno and BN who are BUSY making BIG money by "RASUAH" the Rakyat money.

Najib is alone working very hard to win back the Rakyat support by giving financial assistance to all races such as giving funding for the construction of Chinese and Tamil schools. He knows that Umno days are numbered and in order to survive,he is giving all this goodies to the rakyat.

Thus,he hope that all his hard work will be translated to votes for Umno and Bn in the coming electio which should be held during the year end school holidays. Unfortunately,his hard work is not supported by his cabinet ministers.

For the 1st time ,I agree with Najib that it is better to give the money to the Rakyat rather than it being "RASUAH" by A CANCER PARTY called UMNO.

QPR - TONY FERNANDES GREATEST MISTAKE.

In 2009,I wrote an article on this blog Entitled Newcastle - ANANDA KRISHNAN GREATEST MISTAKE in which Ananda Krishnan was supposed to takeover Newcastle and this deal was subsequently aborted.

I respect Tony for the way he run Air Asia(AA) and I congratulate him for the success of AA.In fact,I fully supported the way he run AA with its LOW FARES which enable everybody can fly.If I am in a position of power,I would merge AA with MAS and let Tony and his team run the airline company.

I hope Tony together with his AA director Kamaruddin Meranun and Westport Ruben Gnanalingam will succeed in this football venture of buying London football club Queen Park Rangers(QRP).

They further command my respect because immediately after taking over from F1 Bernie for Pound Sterling 35 million,they inject funds to QPR and bought Anton Ferdinand,Shaun Phllips,Armand Troare and Joey Barton to strengthen the team.

I have nothing against Tony and his team but I THINK THEY WILL FAIL in this venture because of the following reasons:-

1). Running a football club is different from running AA or Tune Hotel as the success of a football club depend on the performance of the 11 players in the field.If the 11 players play badly,QPR will be like Blackpool who was demoted after just one season in the premiership.

2). Even with the acquisition of the 4 players mentioned above,they is still insufficient quality and strength in depth in the team to sustain a full season in the premiership.It is likely that QRP will have to fight against RELEGATION towards the end of the season.

3).The wages of the players MAKE UP 70% of the total operation cost of the club. Thus,only Manchester United make profit from operation while the rest of the clubs MAKE LOSSES especially Chelsea and MAN CITY whose PLAYERS WAGES IS MORE THAN ITS ANNUAL REVENUE.Therefore,if this 2 clubs do not have RICH OWNERS,They would have BANKRUPT long ago.

4).No investors have make money from football except for Thailand Thaksin when he sold CITY to Abu Dhabi.Look at the amount of money Roman Abarmovich spend on Chelsea and the amount Al fayed invested and loss in Fulham.

The above is the reasons on why Tony and his team will make its GREATEST MISTAKE and FAIL in London.

Selamat Hariraya and Selamat Merdeka

I would like to wish all my muslim friends Selamat Hariraya and to all malaysian Selamat MERDEKA.

Veteran RTM football commentator Aziz Ibrahim

I would like to ask the readers of this blog this question. Can you remember the last and final time an English FA Cup Final being carried live by RTM Channel 1 and the commentary of this cup final match is in Bahasa Malaysia?

Yes,that was in 1977 and it was a very long 34 years ago and the commentator for this match is an old timer by the name of Aziz Ibrahim. That cup final match in 1977 at the old Wembley is between Manchester United and Liverpool in which United won 2-1

The first time I met Aziz was at the AGM of Nestle Bhd in which he was the head of Public Relation of Nestle and I am a small shareholder and it was in the early nineties.

On Tuesday 19th July,I went to the office of water service provider Syabas at Jalan Pantai Baru to seek clarification and explanation as to why Syabas charge me Commercial Rate on my water bill when I am staying on the 4th floor of a shophouse. The answer given by Syabas customer service is that they follow the zoning of DBKL which state that any property which is on top of any shophouse is considered as commercial property even though that property is a family house.

When I was looking for a parking space I saw Aziz and called him. The first thing I ask him is what he has been doing since retirement from Nestle and he said that he is in permanent retirement. Immediately,I ask when was the last time he was doing a Bahasa Malaysia commentary in an English FA Cup Final at Wembley?

His answer is 1977, a very very long time ago.