And there you have it, a motley crew of "advisers" who are guaranteed to know nothing about money, finance or economics and who between them wouldn't know how to read a Balance Sheet even if tutored by Warren Buffet. Mahathir, like the Grossmeldajibs, does seem to attract these peculiar BUMNO/ SCUMNO advocates like bees to a honeypot. Remember, too, it is the likes of this same motley crew who crowned the Grossmeldajibs, Caesar, and promoted them as the saviours we have long been waiting for, in 2008/2009.
Maha Firaun and his latest three stooges, like the majority of BUMNO/SCUMNO/Barang Naik supporters, have yet to realise that after a deluge of repeated failures, mega financial scandals, and probably a murder or two, that they should stop championing the least crooked candidate to lead the country. We want the most upright, experienced and intelligent person to be the next prime minister, not the least handicapped retard.
And where were they when we told them not to promote crooks and thieves as national leaders, and where was Mahathir when we flagged the Grossmeldajibs' involvement in the Altantuya murder? Now they talk and pontificate as though they knew it all, but were waiting for the, oh so right moment to save the Rakyat. What hypocrites and dishonest, pathetic pseudo-intellectuals!
Who are they thinking of to replace the Grossmeldajibs? MopeyDopey Moohy with a $60 million financial scandal chained to his neck, and who knows what else?
That foot-in-mouth defenceless guy who is just not onn? Who made an international arse of himself vis-a-vis MH370? Who hadn't a clue how to handle the Lahad Datu "incursion"? Who is once said to have employed a "jambu-looking" male personal aide?
It's incredible that KJ should be remotely discussed as a dark horse. Dark he is, unable to satisfy Lim Kit Siang's query in Parliament to answer charges that he is the most unemployable/unemployed multi-millionaire unable to account to the Rakyat or the Inland Revenue for his massively swollen bank balance.This is what BUMNO/SCUMNO/Barang Naik has to offer - pick this crook or that crook to lead us to oblivion.
This is the rotten pile from which we should pick one to be crowned Caesar until the next mega multi-billion financial fraud or murder?
It's obvious that Maha Firaun doesn't really know what he is saying when challenging the Grossmeldajibs about RM27 billion "missing"from 1GDB's Balance Sheet.
To prove he was worthy of standing on the same planet as Maha Firaun, Semi Value once robbed the Indian community of RM10 million of telecommunications shares. This was only one among many, many instances of grand larceny and fraud amounting to several billion ringgit, perpetrated by him on all Malaysians. It was Semi Value himself who dubbed Maha Firaun as 'Maha Thiruden' ('Great Robber' in Tamil), a fitting tribute indeed from one great scumbag thief, to another great scumbag robber. One wonders how much of that RM700 million went into the pockets of BUMNO/SCUMNO/Barang Naik and Maha Thiruden. How much would a crooked bridge now cost - RM2 billion plus a 2,000 year toll concession to Petro Saudi?
A pork seller's book-keeper will tell you that if RM27 billion was "missing", the Balance Sheet will simply not balance. And don't sneer at pork sellers and their book-keepers. Some of the richest char siu rice, char siu pau and bak kua sellers, multi-millionaires, have for years been cooking the books to fool the Inland Revenue into thinking that their businesses have been losing money all their lives and that they live from hand to mouth, while driving around in Mercedes Benz cars, owning houses in Bangsar, Kenny Hills and Damansara, and their children got educated in London and USA. I have said it before and I will say it again to the Inland Revenue, tighten the net and you won't need GST or worry about con-men like Fitch, Standard & Poor, Moody's, the IMF and the World Bank.
Why 1GDB raised billions of ringgit in debt way in advance of its requirements is another question the Grossmeldajib's will have to answer. I suspect it is because yet another bunch of mat toyol advisers, this time from the MoF, probably that guy who lost us RM30 billion at the central bank in the '90's and the othe chief secretary who approved $30 billion private initiative money from pension funds, told them that could could milk sovereign guarantees to glory and that if they invested it "correctly and wisely" then, "why, there's no way in hell we will lose money"! The Grossmajib's greed factor was so high, they fell for it like the guys at our sovereign fund did about that super 'breeding salmon in tropical waters' project that lost a billion ringgit or so.
Cashflow from IPP dividends, and certainly paper gains from revaluing land ad nauseum, cannot cover the interest on RM46 billion of debt. Do not forget IGDB owes another $3 billion to trade and other creditors, bringing the total debt to a staggering $49 billion!!! Few Fixed Deposits pay above 4% and there is always the risk of massive losses on exchange. So, now the Grossmeldajibs have started rolling over and over 46 billion of ringgit debts using our money to bail out their own ineptitude, incompetency and thieving and crooked nature.
GS may have washed its hands off US$500 million in commissions by saying that "no commissions were paid to 3rd parties". But one of, if not the main person, involved in raising funds for 1GDB was a GS employee of Malaysian origins who suddenly resigned last year. It's not beyond the pale that this man might have been fronting for others (you know who) and paid them from his own pockets, something which GS (though it defies belief) claims it's not aware of.
No way should the Rakyat allow 1GDB to sell off the Sg. Besi and other land gifted to it by the Grossmeldajibs at way, way below market prices. They have done nothing to enhance the land values of their own accord. If the land had been gifted to my grandmother, she would have seen the same rise in prices.
1GDB should be forced to re-sell the the land back to the government at original cost and the Grossmeldajibs be compelled to bear the RM3-5 billion operating loss (covered up by land revaluation paper gains). There is an opportunity cost here that must be recovered by the Rakyat. If the land had been sold by open tender, the government would have realised cash profits of billions of ringgit. Why should 1GDB benefit 1 cent from being mere title deed holders?