Wednesday, October 22, 2008

The World Finance's Darket Hour, and We're Still Arguing About Who Should be the Next PM

Yeah WTF indeed.

For the past few months after the fateful announcement of election results on 8th March 2008, Malaysia has been dumped into a crazy political roller-coaster ride. Meanwhile outside Malaysia, one by one businesses gulung tikar, big entities like the Lehman Brothers declared bankruptcy and Finnish government tried to save their national banks with their $72 billion rescue package and in the US billions of dollars worth of bail-out plans were rolled out and rejected. Heck, now AUD1 is now RM2.20 compared to RM3.00 back in July. That's a sharp drop, and all of them are happening too fast, way too fast. Big countries like US are able to recuperate (barely), but the Pakistan, Ukraine, Kazakhstan and Argentina are not faring very well and may face bankruptcy [read more]. Inflation is looking great around the world, from Malaysia's 7% to Zimbabwe's 231,000,000% (imagine paying $1,000,000 for a diet coke, and here we are complaining about a RM4.00 mee goreng basah) [read more].

This is the worst global financial crisis, even worse than the 1942 Great Depression or the now-insignificant 1998 Asian financial crisis. This is the end-world scenario not covered by Hollywood or by most fanatic eschatologists. Nations around the world facing bankruptcy and banks falling down bringing along the world's standing economy with them will surely turn you and me on each other as we seek to survive after the thing called money is taken away from our lives. This is potentially the end of the civilized world...

And what's happening in our local daily newspapers? 94% of the pages are full of political craps about government change, Mongolians, sodo mee, racists dudes who call other people pendatangs, babi-name callings, political poster shreddings, I-Simply-Arrests, and some Street Fighter actions in the Parliament and UMNO proceedings. Then it's 5% comics and other entertainments and 1% others. C'mon la macha... what the hell is this?

Quotes from Harold & Kumar Escapes from Guantanamo Bay:
Harold: But, listen, to be honest, after all the sh*t we've been through I don't know if we can trust our government anymore
Bush: Trust the government?
Harold: Yeah
Bush: Heck. I'm in the government and I don't even trust it. You don't have to believe in your government to be a good American. You just have to believe in your country.
Kumar: Exactly

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