BR1M was Bank Negara’s idea, not a political gimmick, says Najib
…putrajaya is bankrupt and can never afford such stupid lavishness. Only a central bank can…and why and what’s with BR1M?….to bankrupt Malaysia! Its a process on going in the US, EU, and the rest of the world by the Economic Hit Man
– See more at: http://www.themalaysianinsider.com/malaysia/article/br1m-was-bank-negaras-idea-not-a-political-gimmick-says-najib#sthash.O8PwiJc2.dpuf
Thursday May 28, 2015
…and now the “Doctor” speaks:
Tun Dr Mahathir Mohamad warned Bank Negara Malaysia today that it could be found guilty of trying to conceal 1Malaysia Development Bhd’s (1MDB) “lies”.
- Malaysia – #1MDB and The Elephant In The Room
It is common knowledge nowadays that ALL the central banks in the world (including Bank Negara Malaysia) is owned by the Rothschilds under the umbrella of the Bank for International Settlements (BIS). It is therefore only apt to mention this ‘institution‘ first when discussing about any central bank of any given country as it is….absolutely relevant.
The Bank for International Settlements, otherwise known as the BIS, should more aptly be named the Bank for International division and domination. It’s clearly an institution with global reach, whose hidden covert purpose is to impose the financial globalist’s agenda on all sovereign nation states. The luminous photo below is of their luxurious Headquarters. – (DeathFlation | ZeroHedge)
.In broad outline, the BIS pursues its mission by:
- Promoting discussion and facilitating collaboration among central banks.
- Supporting dialogue with other authorities that are responsible for promoting financial stability.
- Conducting research on policy issues confronting central banks and financial supervisory authorities.
- Acting as a prime counterparty for central banks in their financial transactions.
- Serving as an agent or trustee in connection with international financial operations.
“Give me control over a nations currency, and I care not who makes its laws” – Baron M.A. Rothschild
“The establishment of a central bank is 90%
of communizing a nation.” — Vladimir Lenin
Most Malaysians do not know this for a fact of course, as they are deeply asleep. For those who wish to rebut this I have two basic questions, which so far have not been answered:
- Who finance the new “independent” government which was officially incorporated and installed on September 1, 1957 ?
- What does the Bank Negara’s logo represent?
Facts to question 1
Allow me to walk you in a brief Merdeka history. Malaya (then, before Malaysia) became “independent” from the British colonial masters on August 31, 1957. What this simply means is that the Federation of Malaya did not exist as an independent sovereign nation before that date as it was a colony under the H.M. British Empire. Now, on September 1, 1957, the first prime minister Tengku Abdul Rahman (TAR) and his cabinet walked in to their new offices to start governing, or in other words run the business.
As we all know, or rather the few of those who know, it takes a lot of money to ‘run’ a country and the operator/s need a hefty capital. Think of all the wages of the thousands of ‘civil’ servants, operating costs of government offices, schools, hospitals, vehicles, public roads and places, etc,. etc. The new and very young government. like a business corporate entity needs a capital start-up and we all know that TAR & company didn’t have any capital and they did not bring with them brief-cases stashed with money with them on Sep 1, 1957…or did they?
We all know (okay only some of us) that the Bank Negara was in-corporated and established only on January 26, 1959 about two years after independence under The Central Bank Act of Malaysia 2009. So, between Sep 1, 1957 and Jan 25 1959, how and where did TAR & CO. get the billions of Ringgit to run the company? The newly formed Treasury’s coffer would be empty of course and just like any new business it takes time to fill it up. Nevertheless, the business need to go on with expenses incurring daily, weekly, monthly…annually? Good question I’d say and nobody ever asks and nobody knows. Just take a silly guess and one’s mind will start to give a picture of a financier/bank. Never mind…cut it short, somebody financed it alright. Anyway, the Malayan dollar then (pre-Independence and after) was issued by the British Rothschilds and printed by De La Rue in England, OK. rebut that!
The law [Act] that gives the power to a central bank [Bank Negara] to be the SOLE issuer of money in Malaysia is called the Central Bank of Malaysia Act 2009 (which repealed the Central Bank of Malaysia Act 1958) :
(1) The Bank shall be the sole authority to issue currency
notes and coins in Malaysia and such notes and coins shall only
be printed or minted by or under the authority of the Bank.
(2) The Government, any State Government, public authority,
financial institution, other institution or person shall not issue,
print, mint or authorize the printing or minting of currency or any
document or token payable to bearer on demand being documental
tokens, which in the opinion of the Bank, are likely to pass as
So in January 1959 the Federation of Malaya has a banker and its called Bank Negara Malaya (then). That name sounds good in Malay as it sounds very national even when literally translated in English – National Bank of Malaya. Its as ‘national‘ as National Panasonic and the same goes for The US Federal Reserve is as ‘federal‘ as Federal Express. So much for names. So if we have our own bank and issue our own money, how come there is this thingy called “National Debt” ? Look at the figures…see how it ticks by the second! Bet you’ve never seen this huh…or know about the existence of this debt clock huh? A finance expert told me that the quick rising figures are attributed to ‘interests‘..accruing infinitely ! This is what some refer to as the Debt of Independence. The “Independence package” comes with (infinite) DEBT…and we’re not free…are we? Thank you TAR & Co. Merdeka!
“Give me control over a nations currency, and I care not who makes its laws” – Baron M.A. Rothschild
“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” — John Adams
“The problem is, the more debt we have, the more future income must be used to pay the debt and its interest, which reduces the money we have to spend on things. This works to slow the economy,” James Butler
Exponential growth is not sustainable, according to credible scientists. Mainstream economists ignore this fact in the hope that that somehow growth can outpace debt, one year a time.
But exponentially rising debt is not sustainable because the capacity to service the debt is finite. Without a means of extinguishing debt, servicing is merely borrowing new money to pay off old debts. This is the equivalent of taking out a home equity loan to get money to pay the mortgage.
Even if the economy were growing at a faster pace, it wouldn’t come close to offsetting the interest payments on our ever-expanding debt.
It’s easy to see what’s happening with debt and the real economy (as measured by GDP, gross domestic product): debt is skyrocketing while real growth is stagnant. Put another way–we have to create a ton of debt to get a pound of growth…
If you want to know why the Status Quo is unsustainable, just look at interest and debt. These are not difficult to understand: debt is a loan that must be paid back or discharged/written off and the loss absorbed by the lender. Interest is paid on the debt to compensate the owner of the money for the risk of loaning it to a borrower. – Charles Hugh-Smith
Furious money printing by the world’s major central banks is not generating real growth and prosperity – but professional economists never seem to get the word.
…the “financialization” brought on by the central banks has had a truly perverse effect. Stock markets and corporate profits are at all time highs. Yet the true measure of main street economic health—-the share of adults who are employed—is at a modern low. It is said by traditionalist believers in sound money that we can not print our way to prosperity.
The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognise as legal tender by its willingness to accept them in payment of taxes. There’s really no limit on how much banks could create, provided they can find someone willing to borrow it.
…the real limit on the amount of money in circulation is not how much the central bank is willing to lend, but how much government, firms, and ordinary citizens, are willing to borrow. Government spending is the main driver in all this (and the paper does admit, if you read it carefully, that the central bank does fund the government after all). So there’s no question of public spending “crowding out” private investment. It’s exactly the opposite. – Bank of England
Government printing press money distorts economic reality, dilutes morality and is the true source of “income inequality.” Financial speculation rises with the increase in paper money and the general work ethic deteriorates. The something-for-nothing mentality pervades society…
Fiat promotes an illusory reality where non-substance like financial speculation and gambling replaces the substance of industrial production and long-term value. When consumption surpasses income, as the government and the politicians promote, distorted human emotions replace stable behavior. Social breakdown increases, and real values are forgotten. Bob Livingston
Yet again, it seems, once senior political or economic figures leave their ‘public service’ the story changes from one of “you have to lie, when it’s serious” to a more truthful reflection on reality. As Finanz und Wirtschaft reports in this great interview, Bill White – former chief economist of the Bank for International Settlements (who admittedly has been quite vocal in the past) – warns of grave adverse effects of the ultra loose monetary policy everywhere in the world… “It all feels like 2007, with equity markets overvalued and spreads in the bond markets extremely thin… central banks are making it up as they go along.” Some very uncomfortable truths in this crucial fact-based interview.
… It all looks and feels like 2007. And frankly, I think it’s worse than 2007, because then, it was a problem of the developed economies. But in the past five years, all the emerging economies have imported our ultra-low policy rates and have seen their debt levels rise. The emerging economies have morphed from being a part of the solution to being a part of the problem.
Today every central bank on the planet is printing money by the bucket loads in an attempt to stimulate their economies to escape velocity and a sustainable recovery. They are following Keynesian dogma that increasing aggregate demand will spur an increase in employment and production. So far all that these central banks have managed to do is inflate their own balance sheets and saddle their governments with debt. – Mises Institute
Central banks around the world, including China’s, have shifted decisively into investing in equities as low interest rates have hit their revenues, according to a global study of 400 public sector institutions.
“A cluster of central banking investors has become major players on world equity markets,” says a report to be published this week by the Official Monetary and Financial Institutions Forum (Omfif), a central bank research and advisory group. The trend “could potentially contribute to overheated asset prices”, it warns.
- “The more they print, the more inequality there is, the weaker the economy will become.” – Marc Faber
If you had no clue that Central Bank policies have been creating mass starvation and hunger among the poor in dozens of countries around the world, and this is the first you have heard of these unforgivable outcomes of Central Bank currency creation, we believe that it is absolutely imperative for you to take some time today – not tomorrow, not next week, and not next month – to understand this. SmartKnowledge Pte Ltd
Essentially, the central bank heads all around the globe are engaged in a must-win confidence game. They ‘have’ to make people believe that everything is under control and getting better…Zero Hedge
Within weeks of Gaddafi announcing his plan to replace the US Dollar, it should be remembered, his regime was attacked by a supposed popular uprising by what were described by the West as rag-tag revolutionaries who curiously announced the designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.
So absolutely astounding was it that these “rag tag” Libyan rebels were able to establish a central bank before they had even formed a government, even Robert Wenzel of the US Economic Policy Journal was forced to admit to CNBC, “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising.”
If you look at the stock market it has gone nearly straight up for the last 64 months. If you look at the chart of the S&P 500 you can see that year after year the dips get shallower and more infrequent and that is not a healthy chart. That is a sign of a market that is not discounting the actual real world future, but simply trading the word clouds and the liquidity that is being injected by not only our central bank, but central banks around the world.
The difficulty is that I don’t believe this central bank ‘act’ can be kept up. We have had such tremendous expansions of balance sheets that even the central bankers are now beginning to second guess themselves, become divided among themselves, and begin to worry about how they get out of the corner they have painted themselves into. – Transcript of David Stockman Interview on King World News
- What does it mean to be a professional investor or investment advisor in the Golden Age of the Central Banker? Two observations surprised me, and I believe they’re connected. –
First, when I had these conversations six months ago I would get a fair amount of resistance to the notion that narratives dominate markets and that we’re in an Emperor’s New Clothes world. Today, everyone believes that market price levels are largely driven by monetary policy and that we are all being played by politicians and central bankers using their words for effect rather than direct communication. No one requires convincing that market price levels are unsupported by real world economic activity. Everyone believes that this will all end badly, and the only real question is when. read further
Why Central Banks Should Give Money Directly to the People. Central banks are now trying to run twenty-first-century economies with a set of policy tools invented over a century ago. By relying too heavily on those tactics, they have ended up embracing policies with perverse consequences and poor payoffs. All it will take to change course is the courage, brains, and leadership to try something new. – ForeignAffairs.com
- Central Banking as the Problem, Not the Solution
Unfortunately, as long as there are central banks, we will be the victims of the monetary central planners who have the monopoly power to control the amount of money and credit in the economy; manipulate interest rates by expanding or contracting bank reserves used for lending purposes; threaten the rollercoaster of business cycle booms and busts; and undermine the soundness of the monetary system through debasement of the currency and price inflation. – Epic Times
Central banks are printing rules almost as fast as they’re printing money. The consequences of these fast-multiplying directives — complicated, long-winded, and sometimes self-contradictory — is one topic at hand. Manipulated interest rates is a second. Distortion and mispricing of stocks, bonds, and currencies is a third. –
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” – John Maynard Keynes
“Ironically, the designated losers of central bank policies – wage earners and savers – are the vast majority of the households out there. But it’s hard to get an economy to thrive if the vast majority of its participants are being systematically and relentlessly plundered in tiny insidious increments on a daily basis. Of course, central banks have a solution: get these folks to borrow money and spend it to goose the economy, so that they’ll turn into debt slaves, rather than just impoverished middle-class workers.” – Wolf Richter
To digress slightly, what is a government? In this case a “Federal government“? I will not delve into this subject as it is nastily ‘complicated‘ on purpose. You are aware of course, that Malaya is a federation of 9 Malay states and 2 “Straits Settlement” states. The whole peninsula was raped and messily chopped up by the British specifically The East India Co.(a Corporation) to ravage the rich natural resources like rubber and tin. Enough said, suffice for the purpose of this essay to say that TAR & Co., which was a coalition of the political parties – UMNO, MCA and MIC, then called the Alliance which is now known as the Barisan Nstional is the ‘government’.
So…lets assume so, and that the country is not in debt (lol). Bank Negara Malaya is owned by the government, which is now deemed as the “elected government” of Barisan Nasional. What happens to the Bank Negara and all the money therein if they lost the election to the opposition coalition Pakatan Rakyat? Do they take it (the bank) down with all the money with them? LOL! We’ve never experience this scenario so Malaysians simply have no idea about this. Does the new ‘government‘ in the form of Pakatan Rakyat have to bring in their own money to run the country, or perhaps start ‘their own’ new Bank Negara just like it was way back in 1957 for the TAR & CO’s Alliance?
Let me assure you dear citizens, Bank Negara will still be standing tall with all the money intact regardless of who is running as government! It makes no difference and that is why the polls/voting is a waste of time, a meaningless endeavor for any true change, as the banksters will dictate on it. The change via the polls is just a dramatic “illusion” and cabal manipulation. Nobody, not any Malaysian can touch it! Remember they are the “banker” to the “government of the day.” They might as well carry on putting a ‘white’ man as the governor, as was the first one…but that would be too telling right? Its Ok to let a “local” on the seat, after all he/she is their own ‘selected‘ puppet. The government will ‘suggest and recommend’ of course…at the behest and approval of the banksters. Please also note that the government has no say whatsoever on the bank. The minion ex-PM Tun Mahathir tried to interfere in the banks affair, and the country had some rattlings that time with a few changes of the governorship. And..he also tried to battle the gangsters (his bosses) internationally, and remember the Sorros episode? Malaysia then started to get into the bad books of the banksters until today. Perhaps the Malaysian Airlines incidents are all very connected somehow…just saying. Ponder on this. It is a privately owned bank, NOT a government bank…kapish?
“Give me control over a nations currency, and I care not who makes its laws” – Baron M.A. Rothschild
“He who controls the money supply of a nation, controls the nation” – James A. Garfield
Lets not really go down the rabbit hole and all the technicalities, its too ‘complicated‘ for the ignorant Malaysians anyway, the National Debt clock already boggled the mind. Let’s now just look at the logo.
Bank Negara logo.
If you asked any unsuspecting Malaysian sleeper on the street, what animal is that on the logo, they’d definitely answer, “Kijang!”, which is the Malayan mouse deer. Really? Well, we’ve all been told it is a Kijang, and as usual nobody investigate. See picture of Kijang:
As you can see the Kijang on the left has no tail at all, and its ears and body are short. Is that depiction in the bank’s logo correct? It resembles more a hound dog like the picture. on the right. Imagine that dog wag its long tail to its head. Voila! it will look exactly like that animal in the logo.
Historically, people of days of yore used animals as emblems and logos. The Egyptians especially, in their animal hieroglyphics.
So what if its a dog mistaken for a mouse deer? Remember, Malaya/Malaysia has always portrayed herself as an Islamic state, although it is NOT an Islamic state constitutionally as such. If you browse through all the various government’s logos/emblems of the various departments and agencies it will reflect some form of Islam graphics in it like that of the the star and crescent, or the Malaysian flag or crest.
And, speaking of star and crescent, what are those things on top of the animal in the bank’s logo? One looks like a crescent. What’s the other round thingy? Well…that’s the SUN! Well, well, well…Islam is against sun worshiping, full stop! No, no, that kind of logo/emblem is totally unacceptable in Islam.And no Malaysian flag? Ask any Malay, or Mullahs.
In reality, the bank’s logo is totally un-Islamic. Dog, moon and sun. A typical Malay (always a Muslim) would faint! So, whats up doc? What’s with the bank emblem? Because the government do not own it and so they have NO say, or can’t do anything about it, right? The bank’s logo is simply too Illuminati-ish to say the least. Of course it is, they own it. Believe it or not. Well… I’d be doggone!
I’m not gonna say anything much more. For the Malaysians…ponder on that!
- Communist Manifesto #5: Installation of a CENTRAL Bank.
- “Loans alone cannot sustain the money supply because they zero out when they get paid back. In order to keep money in the system, some major player has to incur substantial debt that never gets paid back; and this role is played by the federal government.” – Ellen Brown (Web of Debt)
- “Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits.” — Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain (All Wars Are Bankers’ Wars)
- …virtually all money is actually created as debt. For example, in a hearing held on September 30, 1941 in the House Committee on Banking and Currency, the Chairman of the Federal Reserve (Mariner S. Eccles) said:That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.
- F. A. Hayek discusses the only serious means of reform that is open to us. We must completely abolish the central bank. Money itself must be wholly untied from the state. It must be restored as a private good, privately produced for private markets. Government must have no role at all in monetary affairs. Money should be produced by private enterprise alone. Banks must exist only as free-enterprise institutions, with no privileges from the state. . . .Let failing banks die. Let profitable banks live. Let the people choose to use any form of money. Let the people choose any means of payment. Let entrepreneurs create any form of financial instrument. Law applies only the way it applies to all other human affairs: punishing force and fraud. Otherwise, the law should have nothing to do with it. – Lew Rockwell (Imagine if We Had Free Prices!)
- Central banks exist to protect banks, and the banking system as a whole, from danger. They pretend that they protect the larger economy, and the people on Main Street, but that’s just a convenient little story. Enhanced by the idea that what is good for banks is also good for you. Which is absolute baloney, but it works like a charm. – The Automatic Earth
- Why Isn’t Monetary Pumping Helping the Economy?
We suggest that the longer central banks worldwide persist with their loose monetary policies the greater the risk of severely damaging the wealth-generating process is. This in turn raises the likelihood of a prolonged stagnation.
All this however, can be reversed by shrinking the size of the government and by the closure of all the loopholes of the monetary expansion. Obviously a tighter fiscal and monetary stance is going to hurt various non-productive activities. – Frank Shostak
Related read >
- Two Cabal Signs in corporate Malaysia
- How Central banks cause Income Inequality
The History of the House of Rothschild by Andrew Hitchcock
The federal government’s borrowing shifted into higher gear from 2008, the year the Barisan National coalition lost its two-thirds parliamentary majority. – FMT
BOTH are on goings around the world…