deeper shit

Najib (economist my ass!) finance minister asserted that EPF Valuecap loan is guaranteed by government! Yeah, great aint it? What a load of bollocks. He is talking cock again. The government has no moral right to guarantee the loan. The government itself lost it legitimacy to govern when it won the March 08 election via fraudulent means.

When the government lost its credibility, whatever they say is doubtful and always, and I repeat, always have ulterior motives and full of deceptions. The government will definitely guarantee the loan and when the time comes for Valuecap to pay the loan, time extension is given and then a further deliberation and additional roam and finally when all else fail, they will resort again to reaching into the same coffer and then other alternative coffers. This is the issue. Modus operandi is same and very predictable. It is the people again and again been taken for a ride.

The country is broke and these idiots are still running around looting again! What do we do? We are sitting on our butt watching the world go by and wonder why such a misfortune befalls us! What a sorry lot! It was this slightly over 40% of the population that voted these morons to get to rule us that get us into this mess. We must drum this fact into these 40% or so sleepy lot to wake up and see what is happening around them. Their own livelihood is at such a great risk and they are still dreaming of a white Christmas.

We have been saying that the budget needs a review. This “British-trained” economist is saying that it is not necessary to do so. He went to table RM7 Billion stimulus package to boost the economy. A budget will address income and if there is no bloody income, how on earth is he going to pay for all these sweet goodies? If an earlier budget was a deficit, read carefully, expenses is more than income and now almost half of the so called revenue is going to come from “oil revenue” that has dropped from almost USD100 to slightly above USD50 per barrel!

Let us see the goodies promised. Aha… our EPF contribution! He is assuming that he is going to get a boost from a-50% takers for a reduction of EPF contribution, giving him RM2.4 Billion. This additional income from the 3% reduction in EPF contribution will get you and me to spend it and hence we live happily ever after when collective additional RM2.4 Billion is circulating in the economy. This is coming from our pockets, not his bloody bank.

Then there is RM1.2 Billion “allocation” to construct affordable houses. This will definitely get screwed up by the cronies. They will get the projects, houses not completed and the cronies will have overseas vacations or most likely get villas in the South of France or both! We will be back to square one.

Next is the magic RM7 Billion figure coming from savings due to reduction in subsidy of petrol price! This is the mother of all bulls. The UMNO lots are going to have a real feast with this RM7 Billion. Shoddy roads will be built and newly repaired ceiling for schools and public buildings will collapse. Bridges will get washed away and public amenities get screwed up. Hail this greatest economist (my ass!) ever roamed the earth! Problems are opportunities in disguise. They will continue to skin us alive.

Goodnight Malaysia, just go wherever you bloody like to go.