Article: Worrying falling development spending
MMJ
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World Bank: Malaysia’s maturing debt not a worry, but falling development spending is
MMJ's Comment
It is utterly beyond comprehension for a government to look the other way to solve its debt problem.
Firstly why let the private sector namely banks to continue to create money for the nation and misallocating money to acute detriment of the nation and especially the people of the nation?
Wake up! We are not saying you the govt create the money so the Yahudi misguided people can shout Zimbabwe!
No, let a Central Monetary Authority that reports only to Parliament create the money.
Let them direct the funds they create only to the real sector.
This will boost economic output, slumps inflation, remove unemployment of youths and graduates, increase their wages and salaries and their parents' wages and salaries, narrow poverty gap, slumps house prices, strengthen Ringgit and ease all manner of economic problems a country faces now!
Government debt? Zero! Debt to GDP? Zero! Dong listen to your current traditional Economics Professors.
The Education System we went through was also designed and controlled by the same Riba Masters who ensures the education system is absolutely ignorant of the truths about money and money creation.
These are the declarations of the Economics Professors today who are the Advisors of the govt.
1. Banks are innocent movers of funds from deposits to loans
2. A govt can ignore banks in their economic policies!
Just ignore the fact banks create havoc to the economy as outlined above.
3. They say Investments in a country will appear when Savings increases to I ie when S=I.
Ignoring its the banks money creating ability that creates any investments in a country.
Banks only gives 30% of loans to the real economy and 70% to personal loans and personal sector.
Only 16% to the SME sector that creates 70% of jobs.
Ask Prof Werner of Univ Southampton about this.
Read the articles by Bank of England in their website about this.
Ask a former Governor of the Bank of England and a former Governor of the Bank of Spain about this.
Ask the people of the International Movement for Monetary Reform here. https://monreform.org/ about this.
Wake up or continue to sleep.
A 100 years from now, 25 times of changes in govts from now will give you zilch if the govt dont wake up.
Fellow monetary reformers who understand this plea, please wake up the Kerajaan from their slumber.
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Dikemaskini [Updated]: Sam Ahmad 20251031