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What I had forecasted in the article below entitled "Pak Lah - Another Con Artist, Like Bush. I Dare Forecast, Dow to Plunge Below 11,500 by 2nd Quarter, KLCI Will Plunge Below 900 Before 3rd Quarter" dated 22nd January 2008 has come true. The Dow Jones, as of today, has crashed below 11,500 (2Q).
(Excerpt from Vol. 3 of The Future Fastforward Trilogy - The Shadow Money Lenders and The Global Financial Tsunami)
PAK LAH – ANOTHER CON ARTIST, LIKE BUSH.
I Dare Forecast
Dow to Plunge Below 11,500 By 2Q
KLCI Will Plunge Below 900 Before 3Q
What a Week!
Recap: On the 6th January 2008, I wrote:
2008 – The Year of Confusion, Despair and Extreme Anger For Many Innocent and Hardworking Wage Earners.
Recap: On Saturday, 12th January 2008, I warned Malaysians:
Malaysians Stock Punters – Gluttons for Punishment.
I warned that the week beginning Monday, 14th January 2008 will see the KLCI taking a dive.
Recap: On Sunday, 13th January 2008, the Prime Minister said:
The rise shows there is confidence in our bourse and our economy, which is at present booming. We continue to attract investments overseas.
Recap: On Monday, 14th January 2008, I wrote:
Those of you who followed the Badawi Pied Piper, I hope you have survived this bloody Monday and have some money left to survive the coming months.
The beating lasted a full week and has carried over this week!
The stock brokers, economists and financial analysts who on the 12th and 13th January 2008 were shamelessly echoing Badawi’s stupid nonsense are now singing a different tune.
What They Are Saying Now
"The market which took a beating last week after posting a historic high in the previous week faced selling pressure not only in palm oil based stocks but also government-linked stocks …"
The Sun, Business News
21st January 2008
"The KL Composite Index (KLCI) plunged from an all time high and ended the week at a four week low. The index reacted bearishly, along with all Asian markets, as US recessionary worries spread across the globe."
Starbiz
21st January 2008
"Bursa Malaysia shares fell victim to spill-over sharp falls on global markets last week, triggered by increased concerns over an imminent recession in the world’s largest economy, which totally erased gains on the benchmark Kuala Lumpur Composite Index (KLCI) to record highs for five consecutive trading days captured in the previous week. Consequently, the KLCI slumped 76.73 points … to close at 1,439.49 with average daily trading volume falling to 1.1 billion shares …"
NST Business Times
21st January 2008
"Asian shares tumble … KLCI 1,408.60"
The Sun, Business News
22nd January 2008
Anyone reading the business news would have noted that the “slump”, “plunge”, “slide” etc. were linked to the financial crisis that started in the US and now sweeping across the world. Yet, the same newspapers when ushering the New Year last fall bellowed that Asian markets and the Malaysian market have “de-coupled” from the US market!
These charlatans in pursuit of their six-figure bonuses have no sympathy for your hard earned monies. They were focused on one thing and one thing only – find suckers and fleeced them of every penny!
What will Pak Lah Say Now?
If the KL Composite Index hitting the all time high of 1,500 mark is a reflection of foreign investors’ confidence in the Malaysian economy, it must follow, that the plunge of the stock market to 1,408 reflects their lack of confidence.
Anyone who subscribes to this nonsense is not fit to be a Prime Minister. In the case of the Malaysian Prime Minister, he holds the dubious distinction of being also the Finance Minister. How can a casino be the barometer of an economy?
I have a question for the Prime Minister. “If you were so confident in the performance of the KL Stock Market, did you in the previous two weeks put your monies in this devious casino?”
If you have not, please explain to the punters who heeded your advice and plunged head on and bought shares and are now, suffering massive losses.
I read StarBiz today which on page B14 headlined:
"Consumer Lending To Gain Momentum This Year … "
These @$$holes still have their heads buried in the sand. The government is urging the Malaysian consumers to spend and spend, to buy houses, have second mortgages, a new car or a third car. Banks are advertising, “Easy cash available, no security required.”
It was precisely because the US consumers were spending and spending, and banks were lending and lending that we are now witnessing the folly of this Greenspan economic bubble. The mortgage crisis has now spread and given rise to the current corporate debt crisis. This in turn has exposed the global banking off-balance sheet fraud. The insolvency of major global banks like the Citigroup, Merrill Lynch, Morgan Stanley, UBS, and HSBC etc. is a direct result of this bubble. All and sundry have been downgraded!
Anyone who forgets the 1997 financial crisis and succumbs to greed and gambling instincts deserves to be punished. It is my fervent wish that they get wiped out for good. That way we have a better chance of survival, as when such gambling mania dissipates, it will be that much harder to hoodwink the masses that all is well and good!
A Special Note to My Foreign Friends
I can say without fear of any contradiction that you are also feeling the effects of this global financial tsunami. Some of you may be questioning my focus on the financial crisis at the expense of the wars in Iraq, Afghanistan, Palestine, Sudan etc. and that I should not “abandon” my efforts in the anti-war movement.
I have a simple reply. This financial crisis has been unleashed by the global financial elites and its impact is as devastating as any “hot wars” because this is also the agenda of the War Party. Make no mistake about this.
This is a global war – a global financial war. One cannot detach the wars in Iraq and Afghanistan from this financial crisis. War is a racket.
We are witnessing the beginning of the end of the Zionist Anglo-American Empire. History teaches us that when empires are at their death throes, they are most dangerous, because they will employ all their powers to avert such an eventuality.
Militarism and fascist dictatorships will mushroom all over the globe, especially those countries allied with the United States.
It is already discernible that countries are preparing for a global war. Russia and China have been threatened and in the defense of their independence and sovereign rights, the Russians have warned that if attacked, they will deploy nuclear weapons to counter US recklessness. Recently, Chinese warships had a face-off with the aircraft carrier USS Kitty Hawk in the straits separating Taiwan from mainland China. NATO is fomenting chaos and instability in the Balkans, specifically Kosovo, threatening the under belly of Russia. Israel is making extreme provocations in the Middle East.
The financial crisis is a War of Currencies. The dollar hegemony has collapsed. The Petro-dollar is no longer the unshakeable financial pillar. The alternatives to the dollar, the Pound Sterling and the Euro are on shaky grounds. The Russian ruble and the Chinese Yuan are on the rise and pose a direct threat to the global status of the dollar as the global reserve currency.
The currency war is running parallel to the current “hot wars” and the Zionist Anglo-American War Party has no choice but to extend the wars in order to project power, intimidate and if need be conquer and occupy any country resisting the dollar hegemony.
THIS IS THE END GAME. IF THE ZIONIST ANGLO-AMERICAN EMPIRE CANNOT MAINTAIN THE DOLLAR HEGEMONY, THE EMPIRE IS AS GOOD AS DEAD!
DO YOU FOR A MOMENT THINK THAT THEY WILL JUST GIVE UP AND WALK AWAY FROM THIS HEGEMONY? DON’T BE NAÏVE!
PREPARE FOR THE COMING GLOBAL WARS.
TELL YOUR FELLOW CITIZENS TO EXPOSE THIS PERFIDY AND START ORGANISING RESISTANCE.
Matthias Chang
22nd January 2008 |
