Article: Dumbed and Zombied
MMJ
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This is what happened when you are dumbed
This is what happened when you are dumbed and zombied by existing knowledge. Only the mis-knowledge you have been brainwashed with is correct. No possibility of considering alternative views.
These are the continued conclusions and dumbness showed by people who hold high offices but cannot go beyond what they are taught. And we cannot blame these people when Academia keeps pushing out the same mis-knowledge. It is inconceivable for them to consider a knowledge like Economics to be wrong. Heck Economics has been taught this way for too long it cannot be wrong for them. See https://internationalmoneyreform.org/news/2023/12/economists/
Even Bernanke the Nobel Prize winner believes banks lend from deposits. So what do we expect from the same knowledge products down the line!
We had some Economists who tried to understand this new knowledge called Monetary Reform. But handicapped by their habit of clinging to past views they cannot make the mental leap to understand fully the new knowledge and new realisations espoused by the Monetary Reformers, the new torch bearers of new economics knowledge in the world today. Visit us at https://internationalmoneyreform.org/
The situation is very simple. Yes you have identified the issue ie low salaries for graduates. But have you ever considered why?!
Yes we will say it again. Banks create 95% of money in Malaysia, in numbers forms that move from bank accounts to bank accounts, when loans are given. The proof is here https://confessions-of-an-islamic-banker.blogspot.com/2022/08/the-nobel-prize-for-economics-and-banks.html
The problem is, given the right to create money banks do not do right by the nation. They gave mostly to personal loans and the personal sector, and too little to the sector that would benefit the nation, the real economy sector!
The real economy sector create jobs, increase economic output, and eventually increase salaries. Increased Economic output comes from increased economic activity which increase demand for human resources including graduates. When there is more demand for labour than supply, salaries will increase. So we will no longer have problems of graduates leaving for overseas, would we?
So what shall we do? This is what we should do. Currently Malaysian banks gives only 35% to the real economy. Of this 35% only 16% goes to the SME sector which creates 70% of jobs and contribute 40%-60% of GDP.
So you get what's happening? Yes jobs are not being created. Every year we have many graduates joining the job market. But jobs are not created because the economic units that need the monies to generate economic activities are disfavoured by the banks!
So, too many graduates chasing too few jobs translate into low salaries. The article says 65.6% of graduates in 2021 earns less than RM2000! RM2000 was the starting salary of graduates in the 1990s!
So you know where the problem is? The Banks, yes! Creation of money is a privilege of the nation. Anyone given it must do what is best for the nation. They make huge profits for themselves every year RM44 billion pa to be exact, and they left unemployment, low salaries, and inflation for the nation. Yes address the banks -that will solve the problem. If they plead risk tell them monetary reformists can solve that issue overnight and kick them out of business.
We need a little bit of bravery, a little bit of thinking, then we can unzombie ourselves for the betterment of the nation.
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Dikemaskini [Updated]: Sam Ahmad 20240514