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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
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
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.
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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.
Kepincangan Sistem Monetari
Kepincangan Sistem Perbankan
The Evil of The Existing Monetary System
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