Saturday 8 July 2023

The currency control, world defying playbook of 1998, was not written in Kuala Lumpur.

TUN Mahathir is suggesting yet again READ : Malaysia have a relook at implementing currency control as we have many experts in this area, from our 1998 experience.



WHO are those experts Tun? , you mean the guy who was hauled up recently together with Halim Saad by the MACC, and then pleaded with editors to keep his name out.  

THE  end game to that one, ended with Daim Zainuddin name getting trashed, when it was not he on that specific occasio, who was interviewed.

IS  that scorpion your expert Tun?  25 years have passed, I think it's time, Malaysia is told the truth, that the currency control idea, concept and how to implement it,  was not your idea, nor was it a concept visualised by your fellow Mamak friends.

LET'S  go back in time, just before 1998, the currency control playback was being written in New York, USA, by a New York Times Columnist, who was urging Asian nations to implement short term currency controls.


MEET  Paul Krugman, a noble prize winner, the man who wrote the currency control playbook, which was plagiarised by a group of men, who did not bother to read the fine print. READ Paul Krugman : experience suggests that currency controls do most damage when they are used to defend an over-valued currency, and thereby inexorably evolve from a temporary defense against.

MEN like Dr Mahathir who did not read the fine print are suggesting a remedy mixed by Krugman for a different type of PLAGUE.