Malaysia and the IMF : a case study in side-stepping the globalists' snare

[VoxII]

Malaysia and the IMF



Malaysia and the IMF

On 18 March 2000 the Spectator carried an article by its contributing editor Justin Marozzi under the headline "East Beats West" on "how Mahathir Mohamad rescued his country and made fools of the IMF" quoting him as saying: "I did it my way ?and it worked".

The article showed how the Malaysian prime minister withstood the onslaught on the Asian economies and exposed the IMF as an extended arm of Western policy. Whilst we do not agree with the way the Malaysian government has treated its domestic opposition without the necessary regard for their dignity and the required differentiation between subversive elements and genuine critics, he must be recommended for standing up to a formidable enemy. The Spectator article prompted the following response from Islamic Party Leader David Musa Pidcock:

In response to your article "East Beats West", The Spectator 18/3/2000, how Mahathir Mohamad bucked the market, rescued his country and made fools of the IMF. It might be of interest for you to know that there was some western input into Dr. Mahathir's eastern thinking. The unsung western heroes include James Gibb-Stuart author of the Money Bomb and Hidden Menace; Kenneth C. Palmerton Vice Chairman of CCMJ ? the Christian Council for Monetary Justice and an English convert Rupert Mohammed Rafiq an English banker, and other members of the Forum For Stable Currencies, which meets in the House of Lords every month. By following their good advice and the courage of his own convictions Dr. Mahathir has been able to demonstrate what many politicians know but, because of their cowardice in the face of the enemy, have failed to implement in the interest of the ones who voted for them - Brian Gould was one of the few who understood the solution and would have acted rightly - which is why he was prevented from becoming Leader or Chancellor of the Labour Party. What we have with Tony Blair and Incapability Brown are just Tories in sheep's clothing

Dr. Mahathir's courageous actions conclusively prove that sovereign nations, however small, can and should always ignore the IMF, The World Bank, and anyone else who tries to impose such destructive monetary and economic restrictions on their countries, particularly when the medicine is rarely applied to the organisations making these harsh rules which claim that: there can be no gain without pain. An extract from an official report into the United Nations Monetary & Financial Conference at Bretton Woods is timeless. It was referred to in a speech to the House of Commons by Norman Smith, the member of parliament for Nottingham South, on Monday, the 20th of August, 1945, and accurately predicted that the IMF and the World Bank - which came out of Bretton Woods - "would POISON world harmony" which it undoubtedly has and yet they are still calling for more of the same.

Your "East Beats West" confirms what we have been advocating for many years together with many others going back as far back as the early 17th century. It was much of this information which we managed to convey in a series of letters, faxes and direct face to face contacts with Dr. Mahathir's advisors and his personal private secretaries leading up to my presenting him with a pack of info personally on the last day of the Langkawi Airshow in 1997. The material included - The Debt Virus; Abraham Lincoln's Monetary Declaration of 1864; David Riccardo's 1823 plan for the National Bank of England; James Gibb-Stuart's recommendations; and, amongst other things the final draft of Napoleon et'l Islam; which we published in Malaysia in 1999.

Should we listen to the siren voices of the agents of influence teeling us to run inmto the arms of those responsible for the boom-bust or does Malaysia provide an alternative they don't want us to know about?

[Question R24U]

what were the measures they took in 2000 and have they worked?

[VoxII]

what were the measures they took in 2000 and have they worked?

according to a newspaper article

Instead of taking tens of billions of dollars in aid from the IMF, Malaysia did what was viewed then as a radical move: it self-prescribed its recovery. It stopped outflows of capital for one year, stabilized its volatile currency rate by fixing it to the U.S. dollar and refused to rein in spending.

But the issue is not so much about what they specifically did, the same conditions didn't even apply to their nearest neighbours at the time, but the fact that they chose to assert their national independence in the face of massive pressures from the globalist led by IMF, Soros etc and refused to simply yield to the-gun-to-the-head type condition they were laying out.

That is something called leadership

[Asi-Irish]

I love Malaysia.

It is an amazing place... the most "developed" country in South East Asia.

Cool people, mixed natives, South Asians, Chinese... all kinds of cool stuff going on all the time.

Loads of African immigrants shooting pool down in Georgetown. From the writing on the walls I can tell that a lot of Irish have passed through.

A strong Communist party and a strong sense of community between all ethnic groups.

Also, a strong pro-human rights civil society movement...

And they all appear to speak English very well.

Check it out!