So dirty and despicable

In my last post, “the crude oil paradox” just posted, I mentioned that I would concentrate on economic and bread and butter issues and leave out politics for a while.

However, I feel that I have to comment on the surfacing of nude photos of an exco member of Selangor, and a fellow blogger as well.

I think it is really despicable for anyone to release these photos publicly, since from what was reported in Malaysiakini, these are taken from her bedroom while she was sleeping.

What is wrong to sleep naked in bedroom, which is the ultimate private escape and sanctuary of any person? Dont we all ever have at one time or another been naked in our own bedroom?

I think in this case, we must judge objectively. The culprit is not her but someone who went to her bedroom and photographed her.

Please, these photographs do not prove any promiscuity on the part of the lady involved. We should not use any moral judgement to judge in this case…

If anything, the culprit is the person who has taken this photograph and the one who has released this to the public as well as the mastermind behind this to blacken her name and perhaps cause another state government to collapse

Cannot imagine politics can go down to so low  ….and so dirty.. No wonder my wife does not like my involvement in politics..

If certain political party is involved in this, it will again have a backlash.. The people are not fools anymore.

48 Comments (+add yours?)

  1. Richard Loh
    Feb 16, 2009 @ 14:48:51

    I am lost for words. Politics can be dirty but to that extend…….

    Wonder how fast the police can act on this matter.

    Like

  2. peng
    Feb 16, 2009 @ 15:36:18

    Richard, the police, for once will take very very long to investigate or even open a file. The very very long delay is to leave room for the BN warlords to create some noise, and act out the sandiwara. As Dr. Hsu said, we the rakyat are not easily fooled anymore.

    Yes, this act of exposing her nude photos is despicable!

    Like

  3. cilipadi
    Feb 16, 2009 @ 15:53:17

    Who dare say now morality is not important in politics? Stoop so low to the extent of disregard a person’s privacy, sanctity and dignity?

    Who is / are behind all these? Malaysian police should investigate to the bottom of the case without fear and favor.

    Malaysia police should not fear or favor anyone, aren’t they?

    Like

  4. romerz
    Feb 16, 2009 @ 15:54:18

    And the rabble rouser Khir Toyo is asking for her resignation. I will have something to say about this tonight in my blog!

    If this is reason enough for a person to resign from public office, then 90% of UMNO/BN politicians would have to resign a long time ago.

    What stupidity from a former MB!

    Like

  5. klm
    Feb 16, 2009 @ 15:58:12

    Dr, Hsu.

    1. Obviously, it is difficult to get away from politics. It just show how silly the time is, given that the world is collapsing around us.

    2. It is a despicable act on the part of someone circulating these pictures. There is something wrong with our society.

    3. It is even worse of if a political party is involved. If one is involved, then this is a really haram party. One more bullet for the elections.

    Like

  6. Peter Yew
    Feb 16, 2009 @ 16:33:47

    Shame on you, whoever that stoop this low. You are worst than animals. EW, hang on and do not let this episode disturb you. The people will judge you not by your bedroom preference but by your public service.

    Like

  7. zztop
    Feb 16, 2009 @ 16:38:00

    This racialistic, apportunistic “pendatang” Khir has ZERO integrity to ask Eliz to resign. Who is this bum by the way?? She is not even involved with anybody whatsoever in any undecent act. Her private life has been enroached. How can this “pendatang” bum go about yelling with his stinking foul mouth?? If he has nothing better to do, please go f_ck spiders la. Can this same bum be the culprit who did this despicable act on a good lady??? Something fishiy going on here??
    As a matter of fact, this bum should resign and quit standing for UMNO youth election. But here again, only UMNO will welcome a bum with this type of “impeccable” character. Speaking thru his big asshole with thinking.
    This bum has already tried to cause trouble in Penang.
    Now he is again doing what he did best. Farking thru his asshole. Real disgrace evil bum.

    Like

  8. cilipadi
    Feb 16, 2009 @ 16:44:15

    Dr. Hsu was calling Umno and BN to fight decently. If personnel involve are not ‘decent’, how to fight decently?

    Nothing less than a revolution is need for Malaysia. Morality of many institutions in Malaysia are questionable.

    Go back to basic, go back to morality, Malaysia. This is no short-cut to cure all these ills.

    Like

  9. ex-boyfriend
    Feb 16, 2009 @ 17:01:15

    It’s not wrong to sleep naked, of course. But did she sleep naked with a married man? After having sex with a married man?

    To judge objectively? Come on, learned Doctor! What if your daughter ‘s naked photo sleeping in her room got released in the news, what will you say? That her boyfriend should use Polaroid?

    Double standard!!!!!

    Like

  10. sharmain
    Feb 16, 2009 @ 17:21:52

    When pendatang khir go to sleep with an armour suit and chastity belt on hahha !!

    shame on you ex-boyfriend !! If she sleep with a married man is her own affair , unless you are the one who curi makan lol

    Like

  11. kplee
    Feb 16, 2009 @ 17:30:06

    Never has such a despicable ex “pendatang” MB KT screwing around people private lives. Shame to the medical profession to have bum like you. Or did you got or I should say “bought” your degree from that Temple street in Hong Kong??? There are plenty of “gigi” doctors there especially at nite.
    This woman does not get involved in any indecent act. Why should she resign??
    As a matter of fact, it was you the despicable “pendatang” ex-MB should resigned. And stop standing for the Umno youth election for that matter. UMNO is already bad without a bum like you.
    Recently trying to caused trouble in Penang with a bunch of paid Zombies.
    And now this. Haven’t you bum has better things to do?? If not go whank yourself till kingdom comes. Let the rakyat have peace. We have already enough of crap from the present ruling BN bums.
    If not, please go back to your original homeland Indonesian. This will be good riddance for the country.

    Like

  12. wits0
    Feb 16, 2009 @ 17:36:24

    There’s little parallel between CSL and Eli’s case. The former was/is an old arrogant MCA guy much disliked and very long married as well. Who paid for his hotel bill?

    Alessandro Mussolini, grand daughter of Benito had appeared very naked and yet was very elected as well. http://tinyurl.com/ce756x

    I therefore regard Eli’s thing as a very personal matter.

    Like

  13. VoiceOfPolitics
    Feb 16, 2009 @ 20:24:34

  14. Dr Hsu
    Feb 16, 2009 @ 22:11:39

    voiceof politics,
    I fully support what you ahve said. Anyone who received this typt of photos pls delete them..Pls do not make the situation worse by circulating

    I also hope that police will leave no stones unturned to get the perpetrator/s …

    As for the comment of ex boyfriend, i do not think I should reply, since I do not know how he can fabricate the sex part .(perhaps too much of imagination)…. This is about nude photos being snapped secretly when the person is sleeping in her own bedroom…….

    Like

  15. looes74
    Feb 16, 2009 @ 22:30:53

    Hsu,
    When are you going to join Toh Kin Woon & Tan Tee Kwong? How much humiliation on your conscience you have to go through before you leave?
    Tell you the truth! My mum was once a KK MCA wanita chairman. Yup, she is related to Malacca first governor, Leong Yew Koh. We met a number of leaders including Chiang San San & that chicken Ong Ka Chuan. I was teenager when my parents approached that joker for certain matters. In my very own that Ong chicken cabutted from front door to back door avoiding us? How humiliating! My mum refused to carry on the chairman because she sae no future in MCA. If MCA also no future, so what the heck Gerakan holds?
    I am sadden because my mum knew long time ago BN is nothing. She is not as educated as you (Hehe,she would have if taken the colombo scholarship. Long history!)

    Like

  16. Kenny
    Feb 16, 2009 @ 23:04:55

    I would like to ask the rabid Khir Toyo one question. Say if someone secretly snaps a photo of you masturbating in your bathroom, should you resign or should the photographer be condemned?

    Like

  17. wits0
    Feb 16, 2009 @ 23:44:45

    Toyol and his memes, the opportunistic umno goons are hardly in any position to preach about morality. In most of the 51 years since Independence, they have brazenly been duplicitous in expressing their ethic-less “morality” for all to witness. Need we say more?

    Like

  18. yh
    Feb 16, 2009 @ 23:54:42

    Toyo wanted his pound of flesh. And your party, Gerakan continues to associate with low lifes like him that filled that corrupt party called UMNO.
    Dr, keep on pontificating. I rest my case.

    Like

  19. yh
    Feb 16, 2009 @ 23:55:41

    kenny,

    Toyo and his wife makes love fully clothed. Need we say more.

    Like

  20. Monk
    Feb 16, 2009 @ 23:55:44

    Cilipadi,

    It’d be a miracle if the police ever solve this case as with Chua Soi Lek’s video puzzle still in the cold storage room for more than a year already.

    As for Toyo, I doubt he can laugh forever. He and Syed Hamid are circus clowns, as UMNO is full of them. If if these two jokers leave, others take their place. What does cow dung attracts?

    Yes, you got the answer.

    monk

    Like

  21. romerz
    Feb 16, 2009 @ 23:56:22

    Unbelievably nauseating!

    http://romerz.blogspot.com/2009/02/unbelievably-nauseating.html

    Nice one Kenny! I nearly broke my TV today when I saw that smarty pants with his smug look on Bulletin Utama! Luckily I remembered how much the TV cost me so I just switched it off and went outside to kick the trash bin!

    Like

  22. Frank
    Feb 17, 2009 @ 00:12:04

    Most probably Toyo was the black monkey behind the screen or else how could he be so sure that the pix of the nude is of obscenity which claimed to be infringement of ‘morality’ of his standard – even before the police could reveal any source?!

    As low life as the perpetrator, Toyo should be condemned to hell!

    Like

  23. JC
    Feb 17, 2009 @ 00:15:07

    Taking into ac that not everyone think alike, especially in Malaysia and that perception is everything in politics, Khir Toyo may possibly be taking advantage of the situation to smear the good YB’s name

    Like

  24. daffodils
    Feb 17, 2009 @ 06:21:16

    Another round of insanity. It seems to be the preoccupation now to hurl as much mud or dig as much dirt, hitting below the belt to bring down a person.

    Gosh what’s next? Have these people nothing else to do? There seems to be no end to all these senseless madness. It is so sickening that these things are happening one after another when there are more pressing issues to deal with.

    What right does a hypocrite has talking about credibility, asking for the poor lady’s resignation. Look at yourself first. Are you clean in your heart? If not get off from the high moral ground you are standing. Can you imagine that the illegally taken photos can be classified as pornographic materials? This is disgusting, attacking a defenceless woman in this manner. Desperateness at its height!

    These people are beyond redemption. They want to make a mole out of a mountain hill just because it serve their unscrupulous agenda. This is all so distasteful.

    Like

  25. monsterball
    Feb 17, 2009 @ 07:32:39

    Your wife is wise and very loving…discouraging you to go into politic.
    But if you feel you are doing the right thing….why not??
    Evil forces in politics are so powerful and plenty…applying all sorts of methods…tactics to stay in power….branding….accusing ….fault finding the opposition politicians….to stay in power….braking up families…they do not care.
    All they want ….is to achieve….holding on.. the upper hand position..by hook or by crook.
    These are UMNO and BN.
    PR is only interested to exposed corruptions..snakes…demons and bullshitters.
    They do have high morals….but those without morals re holding the 4 aces….so keep your moral in your soul….think smart…fight hard to free the country.
    Anwar is the chosen one..in the battle of morals….that will not convince voters to mistrust him at all.
    Anwar is reporting and predicting….from many information and based on his trust…are totally different from ..bribing….snatching…threatening method applied by UMNO.
    Accusing others without morals or other things not true. It is an art UMNO and BN are best at that…due to …great inferiority complex..and keep passing own faults to others.
    Applying morals…will weaken the road to free Malaysia.
    Not to be immoral…be easily influenced by UMNO tactics and bribes….is good enough.
    But in the battleground…fighting for freedom…from immoral enemies…one applying morals is a darn fool.
    It is kill or to be killed.
    As such….exposing all things bad…even knowing it will break families…must be on going.
    Take to the streets……even knowing causing hardships to some business…..must be on going.
    Some smart guys will quote the French Revolution and anything to suit his objectives…then asking Malaysians to uphold moralities….an impossible task to free Malaysia’
    Get it clear..we value morals…but in battles…we will put that aside….and be disobedient Malaysians to the government. How to be have morals….doing that.
    There is no morals involved in such quests.
    And on the matter concerning Elizabeth Wong…I met her and from her blog…you will find no better a human being than her..taking up politics.
    She must be compelled to stand for election and won. She must be on something important…to be shames and targeted for by someone…..non other than oppositions.
    Since they are nude scene from her bedroom…do not count out personal jealousy…..nothing to do with politics.
    Only Elizabeth can conclude and keep to herself.
    As for me…who cares…that is nothing immoral being nude in your own bed room.
    I appreciate and respect Eliza Wong sacrificing her good life for the country. Anyone cares??

    Like

  26. OBAMA
    Feb 17, 2009 @ 10:12:09

    AGAIN U GUYS R JUMPING INTO CONCLUSION & BLAME ON BN BLINDLY – ALL BAD THINGS MUST BE DONE BY BN?

    ELI PIX ARE NO BIG DEAL. I SAW THEM. YES IT IS HER PRIVACY. BUT I M VERY CURIOUS AS HARDLY SOMEONE WILL FELL ASLEEP WTH GLASSES ON PLUS PANTILESS BUT WTH SKIRT. MOST USUALLY WEAR NIGHTIES, LINGERIE, UNDERWEARS OR MAY NAKED – NOT LIKE ELI WTH T SHIRT & SKIRT. ANYWAY WHY OFFER TO RESIGN? A QUESTION OF MORALITY AGAIN, EX-BOY ENJOYING HIS REWARDS IN BALI NOW – THIS IS THE TRUTH. SO EX-BOY & HERSELF TO BLAME, NOT EVERYTHING BN, BN, BN !!!

    Like

  27. OBAMA
    Feb 17, 2009 @ 10:16:07

    OF COURSE SHE WILL USE ALL SORTS OF EXCUSE – SNAP SECRETLY WHILE SLEEPINGLAH…AS IF U GUYS EXPEXT HER TO ADMIT: YES, i DID IT FOR FUN!

    Like

  28. OBAMA
    Feb 17, 2009 @ 10:20:49

    BN OR UMNO MAYBE TERRIBLE, PR IS NOT MUCH BETTER WTH THE KIND OF REPS THEY HAVE – JUST CHECK AI BACKGROUND!

    AT LEAST NAJIB IS FIRM & DOING STH NOW FOR THE NATION RATHER THAN SOFT & QUIET. IF THEY SINCERELY WANT TO REPENT, I DONT C ANY REASON WHY NOT GIVING THEM A CHANCE RATHER THAN RISKING THE COUNTRY FOR POSTMAN OR CAMERMAN TO RULE. EVEN RPK REALISED IT NOW.

    Like

  29. monsterball
    Feb 17, 2009 @ 10:57:52

    Then it means….BN should rule forever.
    Is that it?
    No one is blaming BN all bad things..but almost all bad things are done by BN.
    Bribing and corruptions….money power .race and religion.dirty politics…foremost…to stay in power.
    Tell us…oh wise one….whoever you are…is BN uniting Malaysians?
    Eliza matter…..I think more on personal than politics.
    But Toyo is demanding she resign.
    So…those who protect BN….tell us…who is Toyo…a saint or a devil?

    Like

  30. klm
    Feb 17, 2009 @ 11:02:37

    There is a lesson to be learned by all in politics.

    1. No camera and mobile phone in hotel room and bedroom

    2. Scan hotel room and bedroom for hidden cameras

    3. Never trust anyone – not even your closest person

    Human beings are inherently bad.

    Like

  31. Frank
    Feb 17, 2009 @ 11:14:58

    E. Wong may have declared quit today, according to The Malaysian Insider! Another by-election is expected! It’s going to make it 2009 a record year of the most by-elections with most monies spent! Also, most millionaires will be made not through share market but horse trading of Yang Bodoh!

    Come to see a point, Najib is going to be a smart PM! He is the only one to see the golden opportunity to promote by-elections as carnivals to replace the conventional marketing strategy of shopping carnivals to attract foreign tourists to buy tickets of visits to our Country, though all the monkey shows! Perhaps we can change or invent a new establishment as the highlight for tourists attraction – The Royal Malaysian Circus to compete with The Royal England Circus!

    Say Bravo to Najib! Malaysia Boleh! Malaysian boleh MATI economically defunct!

    Like

  32. cilipadi
    Feb 17, 2009 @ 11:19:38

    Eli should not resign if she did not do anything wrong morally.

    If resign purely on such incident, more such incidences will occur as politics is at its dirtiest. It can be dirtiest of the dirtiest after Mar 09.

    Eli, don’t succumb to pressure from those immorals if you are not morally wrong.

    siapa makan cili, dia rasa pedas

    Like

  33. monsterball
    Feb 17, 2009 @ 11:35:17

    Yes…Eli has offered to resign. I consider that a smart and noble move..to show BN…how to be noble and have dignity in life..fully aware….she was elected…not one to forget her voters and supporters.
    That is not a smart move of Najib at all…if ever….UMNO is involved.
    It is all the way….smart moves by PR politicians to resign….and fight it out in elections…..again and again. UMNO dare not do that.
    I am cock sure another keDAILan candidate will clobber any BN opponent.
    UMNO dare not face by-elections.
    But…if Anwar is wise..he will stop Elizabeth Wong from resigning….to stay put…till general election.
    No use to keep winning costly by elections.
    Keep the money for the big final showdown.

    Like

  34. Frank
    Feb 17, 2009 @ 11:35:41

    cilipadi,

    By looking at the other side, today Eli Wong and CSL resign for the reasons of alleged pono pix, by tomorrow, supposedly our C4 boss were to have his macho feature revealed in nude pix , what’s he supposed to do?

    Another political subterfuge? Scum dirty!

    Like

  35. eugene
    Feb 17, 2009 @ 11:44:33

    Dr Hsu,

    The ex boyfriend just made 25 million ?? Just guessing.
    Amno not only refuse to reform but becoming more desperate and ruthless, they will do anything to achieve what they want and nobody can stop that.
    Dr, could you pls issue a press statement to give Eli Wong moral support and condemn the despicable act by some unseen hand. Issue the statement to Sin Chew, The Sun.

    Like

  36. cilipadi
    Feb 17, 2009 @ 11:54:03

    Frank,

    For sure people with moral are seen as moral people, but immoral people can be seen as someone with high moral, with good acting skills.

    In your example, Malaysian’s perception on your C4 boss (not mine), so far as I see, is …… you know, Malaysian know. I pretend I don’t know.

    Only he knows best.

    C4 boss makan cili, C4 boss rasa pedas

    Like

  37. ex-boyfriend
    Feb 17, 2009 @ 12:01:25

    Don’t need much to imagine. Lika what Obama said, she’s not sleeping in pyjamas or a nightie but wearing a shirt and skirt… without panties, of course. Are you saying you cannot speculate what happened before that?

    Again, Dr Hsu, (this part of comment deleted because it is getting personal)..

    Like

  38. Frank
    Feb 17, 2009 @ 12:43:29

    cilipadi,

    It’s shameful to acknowledge that most of the politicians in our beloved Country have been morally bankrupt! Woe is the parents of the new era, so much bewildered and lost direction on how to educate their naive off springs! Can they tell their children, this is a Malaysian culture and that they should follow the ‘paradigm of virtue’ of these despicable ‘leaders of the day’?! We should be proud of a Nation which preaches – Modernization Islamic value???….

    Like

  39. LLHENG
    Feb 17, 2009 @ 12:43:53

    Have heard that that greedy traitor Hee has resigned. Good riddance. Another by election. This time make sure PKR whacked that mamak MB “Z” from BN till kingdom comes.
    AS for Eliz Wong. Please dont resign. I repeat please DONT RESIGN. You are doing a great good in your area. We need you. We do not care what you have done before or for that matter on the recent issue. Its your private life. For that BUM who has betrayed you, please name him. We will make sure we will give him hell like that female traitor from Jelapang.
    DONT RESIGN madam. The rakyat wants you to carry on doing what you have been doing. That idiotic, racialistic “pendatang” bum KT is a big sore loser with ZERO integrity. He should be the bum that should resign. We do not need a scumbag like him. he should go back to his Indonesian roots. Claimed to be a Malay bumi. My foot. Ignore this scumbag and move on.

    Like

  40. Frank
    Feb 17, 2009 @ 12:52:40

    Eli’s decision is final, cut and dried-resigned!

    We can only express sympathy on she being a victim to the foul political gimmick which ultimately will lead to the fall of the powers-that-be!

    Borrow from cilipadi the adage – siapa makan cili, siapa rasa pedas! For the foul C4 master, he may have to swallow all the cilipadi until it’s hot to his goolie bladder!

    Like

  41. anon
    Feb 17, 2009 @ 17:35:42

    These people are playing dirty while the world is getting dirty. Hasta la vista, baby!

    Burn! KL Burn!

    from…

    http://informationclearinghouse.info/article22007.htm

    Eastern Europe is about to Blow

    By Mike Whitney

    February 17, 2009 “ICH” — -Eastern Europe is about to blow. If it does, it could take much of the EU with it. It’s an emergency situation but there are no easy solutions. The IMF doesn’t have the resources for a bailout of this size and the recession is spreading faster than relief efforts can be organized. Finance ministers and central bankers are running in circles trying to put out one fire after another. Its only a matter of time before they are overtaken by events. If one country is allowed to default, the dominoes could begin to tumble through the whole region. This could trigger dramatic changes in the political landscape. The rise of fascism is no longer out of the question.

    The UK Telegraph’s economics editor Edmund Conway sums it up like this:

    “A ‘second wave’ of countries will fall victim to the economic crisis and face being bailed out by the International Monetary Fund, its chief warned at the G7 summit in Rome….But with some countries’ economies effectively dwarfed by the size of their banking sector and its financial liabilities, there are fears they could fall victim to balance of payments and currency crises, much as Iceland did before receiving emergency assistance from the IMF last year.” (UK Telegraph)

    Foreign capital is fleeing at an alarming rate; nearly two-thirds gone in matter of months. Deflation is pushing down asset prices, increasing unemployment, and compounding the debt-burden of financial institutions. It’s the same everywhere. The economies are being hollowed out and stripped of capital. Ukraine is teetering on the brink of bankruptcy. Poland, Latvia, Lithuania, Hungary have all slipped into a low-grade depression. The countries that followed Washington’s economic regimen have suffered the most. They bet that debt-fueled growth and exports would lead to prosperity. That dream has been shattered. They haven’t developed their consumer markets, so demand is weak. Capital is scarce and businesses are being forced to deleverage to avoid default. All of Eastern Europe has gotten a margin call. They need extra funds to cover the falling value of their equity. They need a lifeline from the IMF or their economies will continue to crumble.

    The UK Telegraph’s economics correspondent Ambrose Evans-Pritchard has written a series of articles about Eastern Europe. In “Failure to save East Europe will lead to Worldwide meltdown” he says:

    “Austria’s finance minister Josef Pröll made frantic efforts last week to put together a €150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent €230bn to the region, equal to 70pc of Austria’s GDP.

    “A failure rate of 10pc would lead to the collapse of the Austrian financial sector,” reported Der Standard in Vienna. Unfortunately, that is about to happen.

    The European Bank for Reconstruction and Development (EBRD) says bad debts will top 10pc and may reach 20pc….

    Stephen Jen, currency chief at Morgan Stanley, said Eastern Europe has borrowed $1.7 trillion abroad, much on short-term maturities. It must repay – or roll over – $400bn this year, equal to a third of the region’s GDP. Good luck. The credit window has slammed shut.

    Almost all East bloc debts are owed to West Europe, especially Austrian, Swedish, Greek, Italian, and Belgian banks. En plus, Europeans account for an astonishing 74pc of the entire $4.9 trillion portfolio of loans to emerging markets. They are five times more exposed to this latest bust than American or Japanese banks, and they are 50pc more leveraged (IMF data). (Ambrose Evans-Pritchard UK Telegraph)

    An economic crisis is quickly turning into a political crisis. Riots have broken out in capitals across Eastern Europe. Mr. Geithner had better be paying attention. The prospects for political upheaval are growing. Public anxiety can spill out onto the streets at a moments notice. Governments must act quickly and with resolve. These countries need hard currency and guarantees of support. If they don’t get help, the simmering public fury will turn into something much more lethal.

    UK Telegraph’s economics correspondent Ambrose Evans-Pritchard:

    “Global banks have so far written down half the $2,200bn losses estimated by the IMF. On top of this, EU banks have $1,600bn of exposure to Eastern Europe — increasingly viewed as Europe’s subprime debacle, and EU corporate debts are 95pc of GDP compared to 50pc in the US, a mounting concern as default rates surge.

    “It is essential that government support through asset relief should not be on a scale that raises concern about over-indebtedness or financing problems. Such considerations are particularly important in the current context of widening budget deficits, rising public debt levels and challenges in sovereign bond issuance.” (UK Telegraph)

    It’s the same wherever banks merged their commercial and investment branches. Debt has skyrocketed to unsustainable levels destabilizing the entire economy. The banks have been operating like hedge funds, concealing their activities on off-balance sheets operations and maximizing their leverage through opaque debt-instruments. Now the global economy is caught in the downdraft of a collapsing speculative bubble. East Europe has been hit hard, but it’s just the first of many bowling pins that will fall. All of Europe has been infected by the same virus which originated on Wall Street. Monday’s New York Times summarizes developments in the EU:

    “Europe sank even deeper into recession than the United States in the closing months of last year, according to figures published Friday…The economy of the 16 countries sharing the euro currency declined by 1.5 percent in the fourth quarter, (an annualized drop of roughly 6 percent) according to the European Union’s statistics office. That is even worse than the 1 percent decline in the United States economy during that period, compared with the previous quarter.

    “Today’s data wipes out any illusion that the euro zone is getting off lightly in this global downturn,” said Jörg Radeke, an economist at the Center for Economics and Business Research in London. (“Europe Slump Deeper than Expected” New york Times)

    The “liquidationists” would like to see governments cut off the flow of funds to ailing financial institutions and let them fail by themselves. It’s Darwinian madness, like waiting out a heart attack on the kitchen floor instead of rushing to the hospital for emergency care. The global economy is decelerating at the fastest pace on record. 40 percent of global wealth has been wiped out. The banking system is insolvent, unemployment is soaring, tax revenues are falling, the markets are in shock, housing is crashing, deficits are soaring, and consumer confidence is at its lowest point in history. This is no time to cling to half-baked ideology. The global economy is undergoing a massive system-wide contraction which could spin out of control and plunge us into another world war. Political leaders need to grasp the urgency of the moment and keep the vehicle from careening into the ditch

    Like

  42. robertchai
    Feb 17, 2009 @ 20:09:07

    Imagine….political around and plotting around. Butter and bread issue is getting not much better. Another by election is on the way. Wake up Malaysians.

    Like

  43. Monk
    Feb 17, 2009 @ 20:12:04

    Cilipadi,

    Ha, ha you strike again and your views are shared by many now in the open particularly by so-called political observers, Jamaluddin in TV7 news today, spoke the same wavelength like you.

    Eli should not resign and give in, otherwise encourage many more others as victims.

    monk

    Like

  44. cilipadi
    Feb 17, 2009 @ 21:03:00

    Whoooah monk,

    Was that so? As you know, outsider like me has no access to internet all the time. Most of the time online on free wifi floating around wherever I fly.

    Your feedback was really a boost (not “boast” like some people here) to me but I can still read some hard core ‘machai’ of your C4 boss playing their words or ‘tactical’ game which immorally support their political masters. How can these ‘machai’ stoop so low by hypothetically assume so and so daughters or wives.

    Be a man, why get these ladies involved as if they have no mother? Anyway, just let them be, after all if the owner didn’t say ‘May I’ to these people, why should I an outsider non-Malaysian?

    Whatever, immoral cannot win over moral, if not my teacher has to revise his teachings. As far as I am concerned, DIE IS CASTED, majority Malaysian already fixed their minds to vote PR. They have learned their lesson how messy was it to have PR at State level and BN at Federal level.

    Malaysia is now at a scenario where whatever amount of moral actions of Umno / BN shall be perceived immoral. Even if they want to change for good, there is no chance, simply they have been given many chances to do so.

    Politics is all about perception, and perception is dangerous.

    siapa makan cili, dia rasa pedas

    Like

  45. cilipadi
    Feb 17, 2009 @ 21:23:19

    By the way, mind you, I am not a man.

    Shameful to those who need ‘not a man like myself’ to teach you guys to ‘act like a man’.

    Elizabeth Wong, you are a lady, but your are more ‘man’ than many C4 machai. You can walk with your head straight up and continue to be Adun and Exco.

    C4 machai makan cili, C4 machai rasa pedas

    Like

  46. EvanAlmighty
    Feb 18, 2009 @ 00:00:17

    Why whatever bad thing happen people will start to blame BN?

    A) People Perception
    B) Their “good” Track records
    C) Both Above answer

    Ask youself, you should know the right answer.

    Like

  47. Monk
    Feb 18, 2009 @ 01:05:33

    Clipadi,

    You have the answer: the “tipping point.”

    This country cannot have an Opposition “state” and a BN “Federal Government.”

    PKR must win both and kick the arse of BN out. That’s the key motivating theme, kich BN out of “state” and “federal” level. Otherwise the frgos keep hopping and more “snap-shots” floating around.

    monk

    Like

  48. cilipadi
    Feb 18, 2009 @ 12:25:44

    monk,

    No other way out, either fully PR or BN. For PR to be in power next round both in Federal and States, they need to revamp the whole screwed up institutions like Judiciary, Police, AG office, MCAC, Civil Services, Education System by engaging people of high moral, integrity and impartial.

    I believe ex-Malaysians migrated elsewhere are more than willing to come back to service their ex-bf or ex-gf (haha) and reverse the trend of brain drain from there.

    Malaysia need to reinstall the sense of morality and righteousness into the institutions that I mentioned above to be a promising country that even an outsider like me envy. If this is not coming, then Malaysia cannot hope for 2-party system that Dr. Hsu and many here are talking about, simply morality is not there, not just lacking.

    Like

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