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MOVEMENT FOR MONETARY JUSTICE (MMJ)’S RESPONSE TO BUDGET 2021 The Finance Minister presented the Malaysian Budget 2021 on 6th November 2020 which was clearly a compassionate, Rakyat-centric budget. Some people are likely to call it even an Election budget. The...
RESPON GERAKAN KEADILAN MONETARI MALAYSIA / MOVEMENT FOR MONETARY JUSTICE MALAYSIA (MMJ) TERHADAP BELANJAWAN 2021 Menteri Kewangan telah membentangkan Belanjawan 2021 pada 6 November 2020 yang jelas merupakan suatu belanjawan yang prihatin berpaksikan Rakyat. Ia...
PETISYEN OLEH PERTUBUHAN GERAKAN KEADILAN MONETARI MALAYSIA
Kerajaan datang dan pergi tetapi rakyat tetap dibebani dengan kenaikan harga makanan dan kos kehidupan yang tinggi dan terus meningkat. Mengapa? Adakah kerana dasar-dasar ekonomi yang tidak betul? Sebenarnya TIDAK AKAN ADA PERUBAHAN sehingga Sistem Monetari negara diubah.
Ini adalah realiti yang kerajaan harus hadapi dan tidak mengabaikan. Dan bukanlah mustahil untuk menukar sistem monetari; ia boleh dilakukan, langkah demi langkah.
Tetapi terlebih dahulu marilah kita faham bagaimana sistem monetari menaikkan harga secara kekal. Inflasi berlaku apabila terlalu banyak wang yang dihasilkan mengejar terlalu sedikit barang, atau barang-barang yang tidak meningkatkan didalam kuantiti secepat peningkatan jumlah wang.
PETITION BY MOVEMENT FOR MONETARY JUSTICE MALAYSIA
Governments come and go but the rakyat is still burdened with high and ever-increasing food and cost of living prices. Why? Is it because incorrect economic policies are in place? The truth is there will be NO CHANGE until a country’s monetary system is changed.
This is the reality of life, governments must address and not ignore. And no, it is not impossible to change the monetary system; it can be done, step-by-step.
But first, let us understand how the monetary system permanently increases prices. Inflation occurs when too much money is produced chasing too few goods, or goods that do not increase in quantity as fast as the increase in the quantity of money.
DID YOU KNOW?
Did you know that paper notes and coins form only 3% of a nation’s money supply?
Did you know that there are now 200,000 unemployed graduates in Malaysia? Did you know that the main cause of this is the debt based banking system that we are practicing?
Did you know that 97% of a nation’s money supply are created by banks out of thin air?
Did you know that 80 billionaires own half of the planet’s wealth and 1 billion people lives on less than 1 USD per day?
Did you know that the current monetary system steals purchasing power from the poor making them poorer and the rich richer?
Did you know that debt based banking system whether Islamic or conventional, denies funding to the SME Sector, which creates 80% of jobs in any nation?
Did you know that the number of people living in poverty increased by 100 million during a period when world income increased by 2.5% per annum
Did you know that Banks funds on average only 16% of the funding needs of SME’s of which Development Financial Institutions including Specialist SME banks, funds only 3% of SME needs!” “SME’s on average contributes 60% of a nation’s GDP”
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WHAT IS THE PROBLEM?
The problem is an unending increase in prices that steals away the purchasing power from our pockets. The price of food...
…that hurts the poor, students and almost all Malaysian households. Prices of homes that puts houses in the category of a luxury instead of a necessity, an item that can now only be owned by the few and by those with a legacy, or well to do parents instead of by everyone.
Prices of cars – what was the price of luxury cars in the past are now the prices of a basic car.
These prices are not compensated by a similar increase in salary and income; the prices increased in runaway fashion, while increases in salary and wages are pedantic and abysmal. We now have ‘sandwich families’ with grandpa, son and child in the same house, as the son can no longer afford to go out and buy a house.
In the city we have working homeless, young people working but wages too low they sleep homeless. We have students who eat only once a day, at 3 pm because they can only afford one meal a day. These are all the results of the theft of purchasing power done insidiously by our money system not understood by many, and not understood by those who can make changes.
Almost certainly retail based taxes add to the burden of the poor and to the burden of all but the message we are trying to pass is that this is a systemic problem- the problem exists because it is inbuilt in the money system we adopt, and retail taxes such as GST are just additional burdens, not the sole cause.
Those are the problem for people with jobs and income. We also have hundreds of thousands of unemployed graduates and youth, as in all countries throughout the world, courtesy of a unintelligent debt based banking system, and general gross miseducation at schools and universities.
A change in the monetary system will not only remove inflation, it will also remove unemployment, and will increase economic growth for the nation.
We can also be an example to be emulated throughout the world.
But we need you to hear us out and support us, and we need the powers that be to implement what we point out.
A journey of thousand miles begins with the first step.
KUPASAN DAN PENDEDAHAN MASAALAH
EXPOSE’ & EXPLANATION OF THE ISSUES
Kepincangan Sistem Monetari
Kepincangan Sistem Perbankan
The Evil of The Existing Monetary System
Let It Be Known – We Still See The Emperor As Naked The US King Dollar Has No Clothes – Americas Toilet Paper Money How Many Understand Greece as a Tragedy of Interest Based Lending Lessons on Greece Kudos To You Greece Iceland Just Jailed 7 Bank Executives for Market Manipulation Who Really Controls The World? Bank of International Settlement The Dollar Hegemony World Entering a Dangerous Cycle The Dollar & The Global Food Crisis Wall Street Meltdown – Failure of Central Banking System The Causes of Greece’s Economic Troubles and Lessons for Malaysia The Dubai Debt & Financial Crisis: A Case of The Inevitable
The Judgement on Fiat Currency – Enlightened Scholars Speak Out
The Myths About Money
Imagine Two Countries
Fractional Reserve Banking & Maqasid Al Shariah: An Incompatible Practice
Seigniorage of Fiat Money & The Maqasid Al Shariah – The Unattainableness of The Maqasid
How Fractional Reserve Banking Started
Fiat Money & Interest Groups
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