YABhg Tun Dr. Mahathir,
Do you feel regret for having the Official Secret Act (OSA) tabled and passed in Parliament during your tenure of the PM's office?
If there is no OSA, I believe Tun shall be set free now to disclose to the Malaysians somemore secrets about the foreign debt burden of the Malaysian government. So far, Tun only tells us about the projected income which the government is estimated to earn. However, we are still not able to judge on which decision to be chosen that can help to effectively overcome the current economic problems without knowing much about the information on the government's financial burden.
"18. In the meantime the world is undergoing a traumatic economic and financial turmoil. It began with the devaluation of the US Dollar. I do not know how much US Dollar bonds are held by Malaysia. I remember telling the Governor of Bank Negara to reduce our dollar holdings before I stepped down. I hope she has done so. Otherwise we would lose 80 Malaysian sen for every US Dollar we hold. When we hold 30 or 40 billion US Dollar the loss can be considerable."
By saying that "I do not know how much US Dollar bonds are held by Malaysia", Tun is indirectly suggesting that Bank Negara could have made a lot of paper loss in book value of the dollar holdings. However, this loss by right should have already been reflected in Bank Negara's monthly declaration on the holdings of International Reserves. Is Tun trying to hint us that Bank Negara's disclosure may be hiding something from the eyes of the Public?
"19. We may make some money from the other currencies which have appreciated against our Ringgit."
With clause 19, Tun's motive is quite sceptical. Is Tun trying to encourage attack on Ringgit by swapping Ringgit with other appreciating foreign currencies? Is Tun trying to act like George Soros in this round of attack?
Please, Tun! Please spare the Malaysians from another round of currency attack and do have mercy on us! Please talk more positively about our future and talk less negatively about our economic problems!
Onlooker
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