Malaysia's elder statesman challenges the globalist agenda

Dr. Mahathir Mohammed, 92 year-oild PM of Malaysia challenges the globalist agenda on TWO fronts.

Imagine the injustice.

The guilty partner, UKRAINE, was included in the Dutch investigation while Malaysia, whose plane it was, was
EXCLUDED.

Malaysian PM declares 'no 

evidence' Russia shot down 

MH17

NZ Herald,

1 June, 2019

Malaysian Prime Minister Mahathir Mohamad says he does not believe Russia launched the BUK missile that brought down MH17, killing all 298 on board, including one New Zealander and 38 Australians.

The Malaysia Airlines Boeing 777 was travelling from Amsterdam to Kuala Lumpur when it was shot down over the conflict zone in eastern Ukraine on July 17, 2014.

New Zealander Rob Ayley, 27, who lived in Otaki with his wife Sharlene and two young children, was the only New Zealand victim of the crash.

Wreckage from the front section of the MH17 lies on the outskirts of Rassypnoe village, Ukraine, July 26, 2014. Photo / Getty

Last year Australia and The Netherlands accused the Russian Federation of direct involvement in the plane's fate after Dutch investigators announced they had "legal and convincing evidence that would stand up in a courtroom".

The Dutch-led Joint Investigation Team (JIT) — comprising investigators from Australia, Belgium, Malaysia, the Netherlands and Ukraine — released a report in May 2018 stating that the missile system used to bring down the plane was owned by the Russian army.

"Based on these findings, the only conclusion we can reasonably now draw is that Russia was directly involved in the downing of MH17," Australia's then-prime minister and foreign minister Malcolm Turnbull and Julie Bishop said in a joint statement.

The Malasian Airlines flight MH17 pictured being refueled on the tarmac at Amsterdam Airport before its fateful journey over the Ukraine. The image is taken by passenger Cor Pan.

"The Russian Federation must be held to account for its conduct in the downing of MH17 over eastern Ukraine, which resulted in the tragic deaths of 298 passengers and crew, including 38 people who called Australia home."

But in a bombshell speech to the Japanese Foreign Correspondents Club (JFCC) on Thursday, Dr Mahathir was having none of it, accusing those who blamed Russia of scapegoating the nation for "political" reasons.

Mahathir said his government agreed the plane was brought down by a Russian missile but could not be certain the missile was launched by Russia.

"They are accusing Russia but where is the evidence? We know the missile that brought down the plane is a Russian type missile, but it could also be made in Ukraine," Dr Mahathir told the JFCC.

https://www.express.co.uk/news/world/1134749/mh17-news-latest-malaysian-airlines-crash-russia-missile-ukraine

Malaysian PM Mahathir proposes new regional currency based on gold

News Channel Asia,

1 June, 2019

Malaysian Prime Minister Mahathir Mohamad on Thursday (May 30) proposed to create a new “special currency” for the region based on gold, replacing the existing currency trading regime.

Speaking at a dialogue session at the 25th International Conference on The Future of Asia (Nikkei Conference), he claimed that a regional currency based on gold would be more stable.

The prime minister said that by pegging the new currency to gold, it could be used to evaluate the import and export activities among East Asian countries.

“We can make settlement using that (new) currency. That currency must be pegged to the local currency as the exchange rate, which is something that can be related to the country’s performance,” he said.

“That way we know how much we owe, how much we have to pay in the special currency of East Asia."

The new currency could also be extended to countries outside East Asia, he said.

Dr Mahathir noted that the global market is now tied to the US dollar, and this makes the currency prone to manipulation.

“Just because that one country is affected, there is infection to the other countries. Malaysia was very stable way back in 1997 (during the Asian financial crisis) ... but because of the problem occurring in Thailand, they said we must peg the Malaysian currency (to the US dollar),” he recounted.

“What happened? The currency traders sold the Malaysian currency and the value of Malaysian currency depreciated.”

“This currency trading is not something that is healthy because it is not about the (economic) performance of countries but it is about manipulation.”

When asked if the Japanese yen or Chinese yuan could be used as the common currency in the region, the prime minister replied: “If we are trying to promote our own currency, there will be conflict."

“But if we have a common currency for East Asia, a common trading currency that is not used in each country but for the purpose of settlement trade only, then there will be stability,” he said.

“Trying to promote the yen or the yuan is not the way to go.”

US SHOULD STOP LABELLING OTHER COUNTRIES: MAHATHIR

Earlier this week, the United States added Malaysia to a watchlist of trading partners for currency practices, citing its foreign exchange intervention operations.

Malaysia’s central bank has refuted the claim. In a statement on Wednesday, it said the Malaysian economy remains resilient, underpinned by strong economic fundamentals, including the flexibility accorded by a floating exchange rate and strong external balance.

"Malaysia supports free and fair trade, and does not practise unfair currency practices," it said.

Other countries, including Singapore, China, Germany, Japan, South Korea and Vietnam were also added to the list.

On Thursday, Dr Mahathir hit out at the US for “labelling countries”.

“The US is fond of labelling that country is no good, this country is no good and telling countries on ways to conduct their business,” he said.

“You are not democratic. That is not for any single power to decide. If you want to live in a united world, stable world, we must resort to sustainability through agreement between all nations that have a stake in that problem."

https://eurasiafuture.com/2019/06/02/mahathir-mohamad-makes-incredibly-important-speech-endorsing-gold-standard/?fbclid=IwAR3Ior8dFKm0wUEJgB8Jx3eDi45vbVYksZ4wajPWJsutIM7sDbyshDMh7Gg

Dr Mahathir Mohammed was voted back into power at the age of 92 replacing a corrupt government.

I would like to see this movie.

Deutsche Bank opts for gold

Yikes! Deutsche Bank recommends gold -- even a gold standard

GATA,

22 September, 2012

In its editorial today the New York Sun expresses amazement at the gold-friendly report published this week by Deutsche Bank, one of the world's major banks. As the Sun notes, that report, written by Deustche Bank analysts Daniel Brebner and Xiao Fu, doesn't just recommend gold as a currency and investment, a form of "good money" far superior to the "bad money" issued by governments -- it also muses sympathetically about restoration of a gold standard for money.

The Sun's editorial, "Germany Eyes Gold Standard," is posted at the newspaper's Internet site here:

http://www.nysun.com/editorials/germany-eyes-gold-standard/87997/

The Deutsche Bank report itself quickly dismisses with contempt the "spurious" objection that "there isn't enough gold" to back currencies with. "The volume of gold is not important," the report says. "Instead it is the value that is ascribed to this gold that is important. A zero can easily be added to a paper bill to change its value; similarly it can be added to the value of an ounce of gold. Absolute values are in fact unimportant. ... Gold is infinitely divisible. Does it matter that a paper bill is backed by a gram or a kilogram of gold? Theoretically it shouldn't matter, in our view."

As do so many of gold's friends, Brebner and Fu expect Western debt repudiation through inflation. "When one has accumulated too much debt," they write, "while the right thing to do is pay it back, the easiest thing to do is default and hope your creditor has a short memory. We believe the Western economies in general are biased toward the latter, whether they will admit it or not. We expect a soft default will likely be the preferable course of action -- a managed form of currency depreciation through various stages of 'quantitative easing' or successive bailouts by central banks of the banking system."

While it doesn't mention the logical consequence of a surreptitious devaluation policy -- manipulation of the gold market to help disguise the policy -- the Deutsche Bank report on gold may be more intelligent and candid than anything yet produced about gold by any major bank. So you might want to read it before Brebner and Fu are fired or demoted to the bank's mail room and the bank demands return of all copies or, signifying the prescience of the authors, Deutsche Bank itself crumbles under bad debts repaid in bad money and is acquired by the Musical Heritage Surplus Club of Hong Kong, a subsidiary of the People's Bank of China. For the time being the report is posted at GATA's Internet site here:

http://www.gata.org/files/DeutscheBankReport-09-18-2012.pdf

CHRIS POWELL, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc.

A return to the gold standard?

'A return to Gold Standard may trigger $10,000/ounce Gold rally'

"To back the U.S. monetary based currently at around $2.56 trillion by the 262 million ounces of gold held by the United States government means bullion prices would soar as high as $10,000 an ounce."

Commodity Online,

26 August, 2012

Is it a dream or a nightmare? Nobody knows, but the global superpower, US, if it returns to gold standard would see the price of gold skyrocketing to $10,000 an ounce and as a consequence would witness demand of greenback vanishing into thin air, sparking a catastrophe.

The Republicans—possibly playing an election gimmick—“will call for a commission to look at restoring a fixed value for the dollar, according to a draft of the party platform to be adopted at the Republican National Convention that begins on Monday in Tampa, Florida.” Reuters reported this morning.

And, “to back the U.S. monetary based currently at around $2.56 trillion by the 262 million ounces of gold held by the United States government means bullion prices would soar as high as $10,000 an ounce, Capital Economics strategists said.” the Reuters report added. "It is hard to conceive of the circumstances under which no one would want to hold any dollars," Capital Economics was quoted.

Even World Gold Council deems a move in this direction unlikely as they point out to international disagreements over the converting price and the simple fact that the annual growth in gold stock would not be in tandem with the expanding monetary base.

The coveted and sacred relationship between gold and greenback was divorced way back in 1971 under the auspices of President Richard Nixon. In 1981, President Ronald Reagan appointed a Gold Commission to see if the bond could be restored.

However the Commission reported that "restoring the gold standard does not appear to be a fruitful method for dealing with the continuing problem of inflation." Reagan heeded.

In 1973, the US government pegged the official dollar price of gold to $42.22 per ounce and subsequently allowed Americans to stock with them gold other than just jewellery.

Now, the official sector, globally, holds about 29500 tons or almost 17% of planet’s above-ground stocks, even as investors account for 19%. Jewellery gold is about 50% of total above ground stocks.

Republican mull return to gold standard

Ron Paul was right: GOP mulls return to gold standard

The United States’ top GOP lawmakers will go over policy during next week’s Republican National Convention in Tampa, Florida, and among the issues to be discussed is whether a return to the gold standard is worth pursuing for the party.

RT,

24 August, 2012

America has not backed its money on gold since the early 1970s, but GOP presidential hopeful Rep. Ron Paul (R-Texas) has adamantly rallied for a return throughout his tenure in Congress. With the libertarian lawmaker preparing to walk away from his Capitol Hill roll after the upcoming presidential election, the rest of the Republican Party may very well finally be considering his ideas.

Rep. Paul has encouraged his supporters to consider a return to the gold standard since the days of the Reagan administration, and in a proposal released this week that outlines official Republican Party policy this election season, the rest of the GOP may finally be siding with the congressman. According to drafts of party platform policy to be discussed in Tampa and made available to the Financial Times, members of the GOP are calling for the establishment of a commission to examine returning to the gold standard.

“These were adopted because they are things that Republicans agree on,” Marsha Blackburn, co-chair of the platform committee, tells Financial Times. “The House recently passed a bill on this, and this is something that we think needs to be done.”

Next week, members of the commission will weigh the pros and cons of a return to the gold standard, a discussion that will influence the platform the party will use in the process to elect a candidate to challenge the incumbent on Election Day, Democratic US President Barack Obama.

Alas, it is something that Rep. Paul has been running with for ages.

"Now, three decades later, as we face the task of cleaning up the wreckage of the current Administration's policies, we propose a similar commission to investigate possible ways to set a fixed value for the dollar," the new proposal reads.

On their part, the Financial Times says, “The move shows how five years of easy monetary policy — and the efforts of Congressman Ron Paul — have made the once-fringe idea of returning to gold-as-money a legitimate part of Republican debate.”

“There is a growing recognition within the Republican Party and in America more generally that we’re not going to be able to print our way to prosperity,” Sean Fieler, chairman of the American Principles Project, tells FT.

As it happens, however, the timing could not be better. Charles Morris of HSBC Global Asset Management in London tells Bloomberg, “There’s no doubt about it, this is gold’s moment,” and, according to the news outlet, “Twenty-nine of 35 analysts surveyed by Bloomberg expect prices to rise next week.”

President Reagan proposed a “Gold Commission” in 1981, ten years after Richard Nixon ended a relationship between the US dollar and the previous metal. At the time, Rep. Paul served as a committee member. Now 30 years later, the GOP establishment is considering not just his return to the gold standard but another platform of Paul’s too — Republicans will be considering a proposal to audit the Federal Reserve next week in Tampa, another issue that the congressman has campaigned on for decades..

Gold standard coming?

-- This would be an outcome that outcome that I have seen and clearly predicted for a decade. In fact, I consider it an inevitability that is just arriving. That this is a Reuters story is... epochal. -- MCR

Gold standard inevitable, $10k/oz looms, says new book

Reuters