Gold: The (Not So NEW) Market’s Global Currency
20 November, 2010, 8:40 pm
Filed under: dari kaca mata local, ekonomi

Mises Daily: Thursday, November 11, 2010 by Robert P. Murphy
World Bank president Robert Zoellick has stirred up a hornet’s nest with his recent call for a return to a gold anchor[1] in the global financial system.

The usual suspects immediately denounced him, with Keynesian Brad DeLong anointing Zoellick the “Stupidest Man Alive.”

In the present article I’ll explain the resurging interest in the yellow metal.

I’ll also explain the dangers of Zoellick’s proposal, and why fans of the classical gold standard should be wary.

The Limitations of the Printing Press

In order to make sense of our current situation — and why Zoellick would timidly call for a return to a pseudo-gold standard — we need to first think through the logic of fiat money. Fiat money is not “backed up” by anything; it is intrinsically useless paper (or nowadays, mere electronic bookkeeping entries) that is valuable only because of its anticipated purchasing power. In contrast, a market-based 2 commodity money, such as gold or silver, is a useful good in its own right, serving industrial and consumer purposes.

The critical difference between fiat and commodity money is that fiat money can be produced in virtually unlimited quantities at very low cost. In this respect, the person who controls the printing press of a fiat currency is in a much stronger position than the person who owns a gold mine. With just some ink and paper, the printing press can create a million new dollars quite easily, whereas the owner of the gold mine would need to hire workers to operate expensive equipment in order to bring forth new amounts of gold having the same market value.

Yet we shouldn’t conclude that the owner of a printing press has unlimited power. For one thing, prices would eventually rise in response to large amounts of new money creation. So printing off, say, $1 million in fresh new currency would buy fewer and fewer goods and services with each successive round of inflation.

Even more problematic, the people in the community would abandon the currency if the inflation became too excessive. For example, if a brilliant counterfeiter developed a machine to produce perfect $100 bills in his basement, he wouldn’t be able to literally buy the whole world. Long before that point — even if the authorities didn’t track him down — people would have ditched the dollar and switched to the use of other currencies.

Although our scenario sounds farfetched, it’s actually very close to the real world, right now. The only difference is that instead of our hypothetical, brilliant counterfeiter in the basement, we have our actual, less-than-brilliant economist in the Federal Reserve. His name, of course, is Ben Bernanke.

The Bretton Woods System

The original Bretton Woods system — so named because of the location of the meetings that established it in 1944 — governed international monetary arrangements in the postwar era until Richard Nixon’s fateful decision to close the gold window in 1971.

Under the Bretton Woods agreement, other nations would use US dollars as their “reserves.” The Bank of England, Bank of France, etc., would issue their own domestic currencies, but would maintain stockpiles of US dollars with which they could regulate the value of their own currencies. If the British pound sterling began to depreciate against the US dollar, for example, then the Bank of England could 3 enter the foreign-exchange market and use some of its dollar holdings to “buy pounds,” thus bringing the value of the pound back within target. In this way, investors across the globe could feel comfortable with their British financial holdings, because the pound was tied to the dollar.

“Gold is the bane of central bankers.”

Note the tremendously advantageous position that the Bretton Woods system assigned to the United States. As issuer of the world’s reserve currency, the United States had a very captive market. If the Bank of England wanted to increase its dollar reserves by another $1 million, then ultimately Great Britain had to sell $1 million worth of goods and services to Americans in order to earn the dollars. The Bretton Woods system effectively expanded the scope for US inflation to the entire world, thus magnifying the benefits to those who controlled the American printing press.

Of course, the other members of Bretton Woods understood these details. The US achieved its privileged outcome in the negotiations because of its economic and military might at that point in world history. But in order to restrain the natural temptation for runaway inflation by US officials, the Bretton Woods system linked the dollar itself to gold. Specifically, any central bank could redeem its dollars for gold at the fixed rate of $35 per ounce.

The Bretton Woods system has been described as a “gold-exchange standard,” in contrast to the classical gold standard. In the original framework — which was smashed, like so many other aspects of Western civilization, in World War I — each nation tied its own currency to gold. Then, the currencies in turn traded at fixed exchange rates against each other, because of their mutual ties to gold. Individual citizens could present the currencies for redemption in gold, keeping a very tight check on inflation. If any central bank began to issue too much currency in relation to its gold reserves, speculators would begin depleting the reserves, causing the central bank to quickly reverse course.

Under the diluted Bretton Woods system, individual citizens had no right of redemption. Most currencies were only indirectly linked to gold (via their link to the dollar). And, of course, even this tenuous link was destroyed when Richard Nixon abandoned the dollar’s convertibility to gold in 1971. At this point, the entire global financial system was based utterly on fiat money. 4

No longer shackled by the peg to gold, the Federal Reserve began printing money with reckless abandon. The obvious results were an acceleration in US consumer prices, and an explosion in the US trade deficit, trends that noticeably worsen after 1971:

Consumer Price Index (Blue Line, Right Scale) and Balance of Payments as a Share of GDP (Red Line, Left Scale)

The Reluctant Return to Gold

Say what you will about the powerful people running the global monetary system, but they aren’t stupid. They can see as well as the rest of us that there is no “exit strategy” for Bernanke’s bouts of massive inflation, or “quantitative easing” as they now call it. At some point, the trillion(s) in excess reserves will begin leaking back into the broader monetary aggregates. At that point, Bernanke or a successor will need to choose between saving the dollar or saving major Wall Street institutions. I predict that he will sacrifice the dollar, and it seems many elites around the world have come to the same conclusion. 5

It is in this context that World Bank president Zoellick writes:

The G20 should complement [a] growth recovery programme with a plan to build a co-operative monetary system that reflects emerging economic conditions. This new system is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves towards internationalisation and then an open capital account.

The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values. Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today. (emphasis added)

To repeat, gold is the bane of central bankers; it ties their hands and limits their discretion when conducting monetary policy. However, the game collapses if people lose faith in the fiat currency underpinning the whole system. As the recklessness of Bernanke’s moves becomes apparent to more and more people, the central planners around the world will need to throw a bone to the fearful public. A “basket of currencies,” each of which is still fiat-paper money, will not suffice.

As Zoellick is a member of the Council on Foreign Relations, and a participant in the notorious Bilderberg meetings, some analysts are understandably suspicious of his motives. After all, if powerful people were trying to introduce a regional currency to replace the dollar — in the same way that the euro has supplanted the traditional European currencies — then it would be necessary to first wreck the dollar. In its place, it would be very tempting to offer a new currency with a tie to gold.

In this light, what appear to be “inexplicable” and contradictory actions by the Federal Reserve and other powerful figures would make perfect sense.


Regardless of the machinations of the political insiders, the laws of economics cannot be denied. Central bankers cannot be trusted with the printing press, especially when there is no formal check on their inflationary policies. It is no coincidence that gold is hitting such heights as investors the world over hunker down for what may very well be a collapse of the dollar system.

6 Robert Murphy is an adjunct scholar of the Mises Institute, where he will be teaching “Anatomy of the Fed” at the Mises Academy this winter. He runs the blog Free Advice and is the author of The Politically Incorrect Guide to Capitalism, the Study Guide to Man, Economy, and State with Power and Market, the Human Action Study Guide, and The Politically Incorrect Guide to the Great Depression and the New Deal. Send him mail. See Robert P. Murphy’s article archives.


Parkir Automatik tidak menyelesaikan masalah kesesakan lalulintas di ‘bandaraya’
24 Oktober, 2010, 3:22 pm
Filed under: alam sekitar, dari kaca mata local, ekonomi

Beberapa gambar parkir automatik pertama negara di Jalan Batas Baru , Kuala Terengganu.
Sementara rakyat mengatakan polis tengah ‘gila saman’ , MPKT nampaknya sedang gila ‘caj parkir’.

Beberapa persoalan mengenai projek.

Kos Projek : ?
Pelobi : ?

Caj Parkir/ jam : ?
Kos penyelengaraan : ?


Penender parkir : ?

Walaupun kesesakan lalulintas di ‘bandaraya’ KT tidak sesibuk di Kuala Lumpur/ Johor Bharu atau bandar besar yang lain tetapi persediaan awal untuk mengurangkan kesesakan amatlah di alu2kan;sebelum ianya menjadi kritikal

Perkhidmatan awam belum lagi mencapat tahap optima dan hanya mencapa level ‘setakat ada’. Bukankah lebih baik budget yang sama di gunakan untuk menaiktaraf perkhidmatan ini ?

10th MP -Key Points
10 Jun, 2010, 3:23 pm
Filed under: dari kaca mata local, ekonomi

To be reviewed soon.

Key points of 10th Malaysia Plan
KUALA LUMPUR, June 10 — Following are the key points of the 10th Malaysia Plan (2011-2015) released today:


•Charting development for a high income nation

•6 per cent growth target

•Per capita income to increase to RM38,845 (US$12,139) by 2015

•Creating private sector-led economy

•Supporting innovation-led growth

•Full employment

•Restructuring of subsidies


•RM230 billion: 60 per cent physical development; 40 per cent non-physical development

•Sector allocation: economic 55 per cent, social 30 per cent, security 10 per cent, general administration 5 per cent


10 big ideas

•Internally driven, externally aware

•Leveraging on diversity internationally

•Transforming to high-income through specialisation

•Unleashing productivity-led growth and innovation

•Nurturing, attracting and retaining top talent

•Ensuring quality of opportunities and safeguarding the vulnerable

•Concentrated growth, inclusive development

•Supporting effective and smart partnerships

•Valuing environment endowments

•Government as a competitive corporation

12 National Key Economic Areas

•Oil and gas

•Palm oil and related-products

•Financial services

•Wholesale and retail


•Information and communications technology


•Electrical and electronic

•Business services

•Private healthcare



•Talent Corporation to be set under PM’s Department in 2011 to source global top talent including among Malaysian diaspora

•Simplify hiring of foreign talent

•Flexibility for foreign talent to change jobs

•Spouses of foreign talent to take up employment

•Exemption for foreign talent to bring in foreign domestic help

•No time limit on employment visa of skilled foreign talent earning more than RM8,000 per month

•Open visas to be issued to highly-skilled foreign professionals

•Highly-skilled foreign professionals allowed to purchase houses costing RM250,000 and above

•National Talent Blueprint by 2011 to identify talent needs of priority economic sectors


•30 per cent target Bumiputera corporate equity remains

•Develop a Bumiputera commercial and industrial community

•Create stronger and more competitive industry champions

•Broadening wealth ownership to ensure sustainability

•Promoting Bumiputera representation in high-paying jobs through enhanced capability building and demand-side incentives


•To grow at 2.4 per cent yearly to create 1.4 million jobs mostly in services sector

•Employment to reach 13.2 million jobs in 2015

•Full employment status with unemployment rate of 3.1 per cent in 2015


•Standardised and recognition of Technical Education and Vocational Training (TEVT) by Malaysian Skills Certificate

•RM150 million to train 20,000 school dropouts

•RM7.5 million to train coaches, instructors and facilitators

•Strengthening performance culture in universities


•More flexible labour market

•Upgrade skills of existing workforce

•Enhance Malaysia’s ability to attract and retain top talent

•RM80 million for Relief Fund for Loss of Employment from 2010 to 2012 to provide assistance to workers retrenched without compensation

•Part-Time Work Regulations under Employment Act 1955 to be introduced to tap workforce from amongst housewives, retirees and disabled persons

•Increase female labour force from 46 per cent in 2010 to 55 per cent in 2015

•RM500 million each to provide loans to workers and school leavers for training and skills upgrading

•RM50 million to continue the matching grants for training and skills upgrading of small and medium enterprise employees

•RM50 million to fund apprenticeships involving more than 8,000 students

•RM50 million to co-sponsor employees to obtain industrial PhDs

•RM350 million allocated to continue programme of partial financial assistance for PhDs in local universities started in 2009


•Broadband penetration of 75 per cent by 2015

•RM2.7 billion to build roads and rails leading to key ports and airports to improve trade efficiency and logistics systems

•Energy security through development of alternative sources i.e. hydro, coal and liquefied natural gas by 2015


•Elevate livelihoods of 40 per cent of households

•Ensure Bumiputera economic participation

•Reduce poverty from 3.8 per cent in 2009 to 2 per cent in 2015

•Raise average monthly income of bottom 40 per cent of households from RM1,440 in 2009 to RM2,300 in 2015

•Increase percentage of SPM qualification and above in bottom 40 per cent of households from 30 per cent in 2009 to 45 per cent in 2015

•Education assistance for children from bottom 40 per cent of households


•Housing assistance for rural poor

•Affordable housing and low-cost housing expanded for urban/semi-urban poor

•Income support for eligible groups within 40 per cent of households when subsidies are restructured

•Income support for disabled old and single mothers

•Encourage GLCs to tailor CSR programmes to target the needy

•1 Malaysia clinics expanded to urban poor and other underserved areas


•Halve poverty among Orang Asli communities in Peninsular Malaysia to 25 per cent in 2015

•Reduce poverty among Sabah ethnic minorities from 22.8 per cent to 12 per cent and Sarawak ethnic minorities from 6.4 per cent to 3 per cent

•Financial assistance to Chinese new villages to renew land lease, upgrade homes and fund business

•Improve access to basic amenities in estates and re-skilling programmes for displayed estate workers


•6,312km of new roads in Peninsular Malaysia, 2,540km in Sabah and 2,819km in Sarawak to benefit 3.3 million people nationwide

•Clean water to 99 per cent rural households in Peninsular Malaysia, 98 per cent in Sabah and 95 per cent in Sarawak

•Electricity for rural areas almost 100 per cent in Peninsular Malaysia and 99 per cent in Sabah and Sarawak

•At least one 1 Malaysia telecentre in every sub-district (mukim) to promote broadband


•Empowering women a key agenda by increasing numbers in decision making, labour force, support for widows, single mothers and low-income women

•Eliminating all forms of discrimination against women

•Youth development programmes to create generation of forward-looking, academic driven and career achievement generation

•National Youth Skills Institute (IKBN) skills courses to be expanded to offer greater options and also soft skills and leadership training

•Number of youth associations to increase from 5,000 to 11,500

•Protection of children to be enhanced through quality childcare services and enhanced rehabilitation centres and child welfare homes

•Community awareness programmes to protect children’s interest

•Police screening for child carers to address issues of abuse

•Alert system similar to USAmber Alert bulletin for lost/missing children

•Emphasis on health and well-being of older persons to live dignified and fullfilling lives

•100 per cent tax rebate on costs to retrain older persons

•Database under Jobs Malaysia for older persons will be promoted to increase greater awareness for those looking for jobs

•Daycare centres for older persons to be expanded

•Government to actively pursue 1 per cent employment for persons with disabilities in civil service

•Government to look into establishing specialised learning institutions and vocational schools for persons with disabilities


•Revamp education system to focus on implementation and delivery capability

•Reinforce importance of values and ethics in education system

•181 Permata centres to be set up throughout country

•Pre-school enrolment to be increased from 87 per cent by 2012 and to 92 per cent in 2015

•Entry age for schooling to be lowered from 6+ to 5+ in line with many developed countries

•RM400 million for Literacy and Numeracy Screening (LINUS) programme between 2010 to 2012 to ensure all students have basic literacy and numeracy skills after first three years of primary education

•Strengthen learning of Bahasa Malaysia and English

•Investments in school infrastructure and facilities especially for rural schools in Sabah and Sarawak

•RM140 million to develop 100 high performing schools by 2012

•RM160 million for reward programme between 2010 and 2012 for head teachers and principals

•Leadership training for 14,000 school officials every year by Institute Aminuddin Baki from current level of 8,000


•Making quality of life core of urban projects

•Planning communities and neighbourhoods

•Development to encourage living, working and leisure within same compact areas

•Focus on seamless public transport connectivity

•Pedestrian-friendly street network

•Open spaces and green corridors

•Restoration of rivers and waterfronts a priority in cities

•Enhance culture and arts scene

•Support for artists in form of creative grants/loans to create art enclave or perkampungan seni

•Encourage the hosting of international arts and cultural events

•Attract international talent to create, premiere, perform and exhibit in Kuala Lumpur

•Malaysia Truly Asia Centre to be developed as an iconic tourism destination to showcase Malaysian culture, art and heritage


•Continued efforts to integrate transportation planning in local and national master plans

•Bus Rapid Transport (BRT) system to be considered to link growth centres in the Iskandar region of Johor

•Government will review potential of expanding Suruhanjaya Pengangkutan Awam Darat (SPAD) scope to Sabah and Sarawak pending successful implementation in peninsula

•Cashless ticketing system across all 16 public transport operators in Greater Kuala Lumpur


•Health Ministry to enforce quality care in both public and private sectors

•Review of financing options to manage rising cost and ensure healthcare remains accessible and affordable

•197 new clinics costing RM637 million will be completed in first half of 10MP i.e. 156 clinics in rural areas and 41 community health clinic

•50 additional 1Malaysia clinics to be set up in urban poor and over underserved areas

•Four new and four replacements hospitals costing RM600 million will be completed in first two years of 10MP. They include National Cancer Institute and the Cheras Rehabilitation Centre

•Mapping of existing healthcare providers to identify gaps to streamline health service delivery

•Mobile clinics, flying doctor services and village health promoters to be expanded to remote areas


•161,00 new units of public housing

•Housing designs to incorporate Green Building design and technology

•78,000 units low-cost public housing units for qualified individuals of less than RM2,500 per month

•One federal agency responsible for federally-funded housing instead of several ministries and agencies

•RM500 million to set up Housing Maintenance Fund to assist residents of both public and private low-cost houses for major repair and maintenance based on 50-50 matching grants from residents

•Government to continue assistance to rehabilitate abandoned projects


•Federal government assumes full responsibility of solid waste management from local authorities

•Collection of household solid waste to be privatise to three concessionaires with contract negotiations expected to be completed by end 2010

•Other private operators to be licensed to operate solid waste management and public cleansing services

•Waste collection for households twice a week and daily for wet markets

•Existing 112 unsanitary landfills to be closed and rehabilitated, some to be upgraded to sanitary landfills


•RM2.04 billion for programmes to encourage volunteerism to fight crime

•Reduce crime index by 5 per cent yearly 2015 to cut overall crime by a quarter

•Increase volunteer police by 5,000 by 2015

•RM2.4 billion to upgrade police stations, living quarters and improve career prospects to motivate police

•Improve effectiveness of treatment of drug addicts to reduce crimes driven by drug abuse

•RM120 million to support Skim Rondaan Sukarela under Rukun Tetangga

•Expand Rakan Cop scheme for citizens to report crimes or suspicious behaviour via SMS

•RM150 million allocated for Safe Cities Programme


•Renewable energy target of 98MW by 2015 to contribute 5.5 per cent to total electricity generation

•Phasing out incandescent light bulbs by 2014 to reduce carbon dioxide emissions by 732,000 tonnes and reducing energy usage of 1,074 gigawatts a year

•States encouraged to gazette forests especially water catchment areas

•More trees to be planted with non-government organisations

•Step up implementation of Clean Air Action Plan

•Implement Central Forest Spine of 4.32 million hectares in Peninsular Malaysia and Heart of Borneo of 6 million hectares in Sabah and Sarawak

•National Tiger Conservation Action Plan to be implemented to increase protection and increase tiger population. — Bernama

Malaysia serah telaga minyak USD100B kepada BRUNEI – tetap berdolak-dalih untuk royalti rakyat
30 April, 2010, 3:17 pm
Filed under: dari kaca mata local, ekonomi, politik

Cetusan husam musa.

TUN dalam posting terbarunya mempersoalkan terlepasnya dua medan Minyak Blok L dan M milik Malaysia kepada Brunei.

Ia mungkin sebahagian dari persetujuan yang ditandatangani oleh Pak Lah dengan Sultan Brunei pada 16 Mac 2009 – Letters of Exchange (LoE) – 19 hari sebelum Najib mengambil alih sebagai Perdana Menteri.

Apa yang dipersetujui Pak Lah diteruskan oleh Najib. Surat Petronas untuk menamatkan perjanjian perkongsian pengeluaran dengan Murphy Oil Corp telah dikeluarkan pada 7 April baru lalu. Di Bawah CEO baru Petronas dalam era Najib. Lagipun, Najib masa itu adalah TPM.

Murphy Oil mengeluarkan kenyataan rasmi memaklumkan penamatan perjanjian oleh Petronas itu dan seorang Menteri Brunei pula mengesahkan kedua-dua blok minyak yang dulunya menjadi milik Malaysia telah secara rasmi menjadi milik Brunei.

Acara penandatanganan itu ikut dihadhiri oleh kedua-dua Ketua Menteri Sarawak dan Sabah, serta Menteri Luar waktu itu, Rais Yatim dan Menteri Kabinet, Hishammuddin Tun Hussien – seperti laporan Bernama bertarikh 16 Mac 2009.

Rais dan Hishamuddin masih menjadi anggota Kabinet sekarang dan tentulah mereka boleh memberikan penjelasan atas pelepasan khazanah berharga kita semudah itu. Bahkan seluruh kabinet Najib harus bertanggungjawab dan memberikan penjelasan.

Tun M mengganggarkan paling kurang USD 100 B atau RM 320 B khazanah kekayaan negara kita terlepas kepada Brunei.

Bayangkan! Untuk membayar royalti yang terhak kepada Kelantan yang bernilai hanya beberapa billion, mereka menggunakan berbagai alasan untuk menafikannya. Pada masa yang sama, mereka sanggup melepaskan khazanah yang beribu kali lebih tinggi nilainya dengan sebegitu mudah.

Janganlah Tun M hanya nampak kelemahan Pak Lah tanpa berani bertanya Najib kenapa surat penamatan rasmi dikeluarkan oleh Petronas dan secara terang menyebut pemilikan Malaysia ke atas Blok L dan M tidak lagi menjadi milik Malaysia.

Isu sebesar ini hanya layak dijawab oleh PM.

Sebelum intai MEB
7 April, 2010, 8:40 am
Filed under: dari kaca mata local, ekonomi | Label: , ,

Sebelum kita INTAI lebih dalam mengenai MODEL EKONOMI BARU yang sedang di laung2kan , kita intai beberapa hal dulu ..

1) Apa sudah jadi dengan projek MEGA MSC dulu ?

2) Apa kaitan projek-projek AGRO terdahulu dengan MEB ?

3) Apa cerita dengan KORIDOR-KORIDOR kita ?

4) Sebelum cerita ,’high-income rate’ , dah selesai ke masalah ‘low-income rate’ dan ‘jobless rate’ ?

5) ‘Inovation’ dan ‘creativity’ culture memerlukan pemikiran-pemikiran baru di luar kotak serta polisi-polisi yang menggarap ke arahnya.

Betul ke minda / idea dan suara rakyat tidak akan di sekat kalau tak ‘bodek’?

LAGI ROYALTI : WANG EHSAN meletakkan KELANTAN/TERENGGANU negeri peminta sedekah ?
16 Mac, 2010, 2:09 pm
Filed under: dari kaca mata local, ekonomi, politik | Label: , , ,

YB Syed Azman , ADUN Batu Burok memberi beberapa data tentang jumlah penerimaan dan perbelanjaan ‘wang ehsan’ Terenganu .

Ini adalah contoh baik , bagaimana ADUN yang di lantik memberi maklumat dan penerangan kepada rakyat.

ADUN-ADUN (TRG) lain boleh memulakan blog-blog mereka sendiri. Maklumat bertulis dan maklumat dalam ceramah / ucapan pasti mempunyai IMPAK yang berbeza.

Berbalik kepada isu asal,

secara ringkas , Terengganu sepatutnya menerima hampir RM15.4b , sepanjang tahun 2000-2009 , tetapi di belanjakan untuk :

A. Projek-projek (RUNTUH?)
– Taman Tamadun Islam dan Masjid Kristal
– Monsoon Cup
– Lebuhraya pantai Timur
– Stadium baru Sultan Mizan
– Pembinaan Lapangan Terbang Baru
Jumlah RM7.1 billion

B. Kementerian
Jumlah RM7.7 billion

C. Pembinaan rumah oleh Syarikat Perumahan Negara bhd. Di negeri Terengganu
Jumlah RM102 juta

D. Perbelanjaan kepada negeri-negeri lain selain Terengganu
Jumlh RM 900 juta

E. Pembinaan rumah Syarikat Perumahan Negara Bhd. Di negeri-negeri lain selain Terengganu
Jumlah RM771 juta


Nampak macam belanja lebih …

Tak hairan sebab hutang tertunggak negeri kepada pusat bertambah menjadi RM997juta.

Mana pergi belanja untuk petani / nelayan / penarik beca dan rakyat yang lain?

Beberapa persoalan lain yang turut timbul :

Yang pertama,

bila wang royalti digantikan dengan Ehsan, adakah bermakna bahawa wang itu adalah daripada duit Petronas sebab tidak dijelaskan oleh Menteri Kewangan kita ataupun wang ini daripada duit Kerajaan Pusat ?

Yang kedua,

kalau duit itu daripada Petronas, adakah Kerajaan Pusat dari segi perundangan dan undang-undang, berhak mengambil royalti bagi pihak Kerajaan Negeri Terengganu ?

Yang ketiga,

kalau duit itu dari Kerajaan Pusat, di bawah item mana dalam buku Belanjawan yang dibentangkan di Parlimen setiap tahun dari tahun 2001 yang menyatakan dengan jelas tentang wang Ehsan tersebut ?

Yang keempat

ialah apabila wang ini diberikan kepada rakyat secara langsung oleh Kerajaan Pusat, apakah ini dikatakan sebagai menghormati rakyat? Apakah apabila kita mengamalkan sistem demokrasi berparlimen dengan adanya pilihan raya setiap lima tahun, penghormatan kepada rakyat, bukan sahaja dengan kita membantu rakyat tetapi kita menghormati pilihan rakyat memilih sebuah kerajaan negeri untuk menguruskan sumber kewangan mengikut tatacaranya sendiri?

Baca sepenuhnya :

Dicatat oleh blog Dr Syed Azman

Pada 12 November 1975, Perdana Menteri Malaysia, Yang Amat Berhormat Tun Abdul Razak dalam ucapannya di Parlimen, menyatakan bahawa;
“Tuan Yang di-Pertua, semua negeri di Malaysia, melainkan Sabah dan Selangor telah menandatangani perjanjian dengan Petronas sebagaimana yang dikehendaki oleh Akta Kemajuan Petroleum 1974”. Saya diberitahu Kerajaan Negeri Selangor pun telah bersetuju menandatangani perjanjian ini. Mengikut perjanjian itu, “Tiap-tiap negeri akan menerima 5% daripada nilai petroleum yang dijumpai dan diperolehi di dalam negeri masing-masing, sama ada yang diperolehi itu dalam perairan ataupun di luar perairan negeri tersebut yang dijual oleh Petronas ataupun agensi-agensi ataupun kontraktor-kontraktornya.”
Teruskan membaca

Tuntut Hak Royalti : Tindakan Radikal dan Impak Tinggi
15 Mac, 2010, 7:36 am
Filed under: dari kaca mata local, ekonomi | Label: , ,

10 tahun Terengganu; 1 tahun Kelantan menuntut hak royalti Petrolium mereka

Penerangan dah buat.

Risalah dah edar.

Buku dah cetak.

Sticker dah bagi.

Bawa kes ke mahkamah dah buat.

Tapi UBN masih pekak macam biasa. Maklumlah kalau tak ada duit PETRONAS UBN tak jalan.


1) Standby untuk lagi satu demo jalanan di Kuala Lumpur.

2) Buat sesuatu yang bagi impak kepada BN/PETRONAS secara terus, seperti BOYCOTT stesen minyak dan produk-produk PETRONAS.

Baru ada yang gelabah.

Apa-apa hal dengar dulu sekali lagi apa KU LI nak kata tentang royalti pada 18 Mac ini.