Wednesday, January 18, 2012

Rekabina Kewangan Global: Pandangan Tun M mengkagumkan!



                 Tun Dr Mahathir @ the Global Movement of Moderates Dinner Talk, 17 Jan 2012, Pic: Big Dog

Nota: Tun Dr Mahathir Mohamad memang seorang pemikir yang hebat. Saya sangat bertuah kerana berkesempatan menghadiri makan malam bersama beliau sempena Persidangan Global Movement of Moderates semalam dan mendengar ucapan beliau mengenai Global Financial Architecture. Beberapa orang di kalangan kami berkongsi ucapan beliau melalui twitter dan saya cuba paparkan di sini untuk manfaat pembaca. Mendengar ucapan beliau membuatkan kami semua kagum; mendengar beliau menjawab soalan-soalan yang diajukan oleh peserta menyebabkan ramai, termasuk mat salleh yang terlopong dan terkedu. Hmm, tidak susah untuk menjelaskan kenapa ramai yang terus menerus merindui Tun M... Semoga penganjur dapat memuat naik rakaman ucapan semalam bersama sesi soal jawab bersama Tun M.



 Zakhir Mohamed 

Tun Dr Mahathir, addressing the Dinner Talk of Global Movement of Moderates, Mandarin Oriental 




 Tun Faisal 

DrM started his speech by jokingly thanking d organiser 4 inviting him to talk abt smthg he is not qualify 2 talk abt




 Tun Faisal 

DrM-he has xtreme views on finance&did wht he did coz he's not qualified in d subject. Saying 'The fools rush in whn d angels fear d threat'




 Zakhir Mohamed TDM - Something happened where they did not honour Brettonwoods. Eg. Gold backed issuance of money. Some countries found they value too high



 Firdaus Abdullah 

The global financial structure has failed us (world) - Tun Dr.Mahathir Mohamad @ Global Movement of Moderates.




 Tun Faisal 

TunM: The global financial crisis now is due 2 d manipulation & abuses of financial market at d xpense of d rest of world




 Zakhir Mohamed 

TDM - UK was paying wages too high. Their products became costly. They thought the best solution is to devalue the £, instead lowering wages




 Zakhir Mohamed 

TDM - Devalue £ wld mean import of goods be cheaper. But in UK, they can't lower wages. Lowering wages means workers hoodwinked




 Zakhir Mohamed 

TDM - Thereon, they decided currency shldnt be pegged to gold reserve. Brettonwoods pegged gold. Unpegging made gold prices went up




 Zakhir Mohamed 

TDM - US currency is now cheap money (if valued against price of gold), against what it was when Brettonwoods was enforced




 Zakhir Mohamed 

TDM - We all became poor in the hands of currency traders. When we complained, they told us we're not qualified to talk about the crisis




 Zakhir Mohamed 

TDM - They didn't learn anything fr the Asian Financial Crisis




 Zakhir Mohamed 

TDM - EastAsia was creative in creating physical goods. The West were creative in financial products. No spin offs - No new jobs, activities




 Zakhir Mohamed 

TDM - They were greedy & made tons of money. They invest on borrowed funds they create with these new instruments, incl hedge funds




 Zakhir Mohamed 

TDM - This spiraled into a viscious cycle when there were no new real economic productivity. As a result, common ppl were affected




 Zakhir Mohamed 

TDM - Brettonwoods was not at fault. The financial architecture was sound. Now it has been side stepped, they abuse the financial market




 Zakhir Mohamed 

TDM - No new blueprint for financial architecture to deal w current crisis. We shld relook into Brettonwoods, where money is backed w gold




 Tun Faisal 

TunM: The whole world is lost whn comes to the global financial system, there4 we hv 2 go back 2 where we started




 Firdaus Abdullah 

Best way-go back 2the beginning when U have lost your way. The global financial structure has 'lost its way', go back to basics. - Dr M




 Firdaus Abdullah 

The world shud go back to Gold Standards as benchmark for currencies. - Tun Dr Mahathir Mohamad @ Global Movement of Moderates Conference.




 Zakhir Mohamed 

TDM - We need to hv a new architecture by revising old architecture. We need to ensure money has it real worth, w gold as the backing




 Zakhir Mohamed 

TDM - Gold shld be used as a value of currency & medium for barter trade. Go back to the gold std & serve us better. It wld be more stable




 Zakhir Mohamed 

TDM - Gold prices is very stable even tho escalated. It is a trusted value by most communities




 Zakhir Mohamed 

TDM - All these retail instruments such as credit cards shld be looked into & reviewed. The whole world got lost, in the angle of finance




 Zakhir Mohamed 

TDM - IF we can hv currencies relative to gold, then business wld be better. We shld be moderate instead of exploiting the financial market







 kamarulbahrin 

Even after a decade it's always interesting to sit in a Tun M's session. Tonite  dinner on global financial architecture included




 kamarulbahrin 

To cap it all off Tun M with d trademark smile said then again he is d last person to suggest as he only uses $ to buy goods n even x invest





 Zakhir Mohamed 

Tun Dr Mahathir: We should be moderate in global financial architecture 




 Tun Faisal 

TunM ended his talk wt 'even an xtremist like me feel tht we should moderate d global financial system' LOL




 Tun Faisal 

@ 
 the younger generation shd understand now the reason why we missed TunM so much.. 


Untuk gambaran lebih lanjut sila baca daripada blogger Big Dog
http://bigdogdotcom.wordpress.com/2012/01/17/tun-dr-mahathir-we-should-be-moderate-in-global-financial-architecture/


Untuk gambaran yang lebih hebat sila baca daripada blogger OutSyed The Box
http://syedsoutsidethebox.blogspot.com/2012/01/global-moderates-conference.html





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