Who are we to say

'Wait'?

His Majesty delivering his 'titah' at the launch of the International Seminar on Islamic Law. Picture: BT/ Saifulizam

   

Thursday, October 13, 2011

His Majesty on enforcing Islamic law

"WHO ARE WE, in the presence of Allah (SWT), to say 'no or wait'; considering that (Islamic) law was not only formulated, but has been stated in Al-Quran and Al-Hadiths for more than 1,400 years."

This was the message in the titah of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam who yesterday reiterated calls for Brunei to implement Islamic law, particularly through the establishment of an Islamic Criminal Act.

The Real Reason Why Gadaffi Was Killed

All the King's horses and all the King's men couldn't put Humpty Dumpty back together again

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http://www.wealthwire.com/news/economy/2089

The Coming Derivatives Crisis That Could Destroy the Entire Global Financial System

Most people have no idea that Wall Street has become a gigantic financial casino. 

The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end. The word "derivatives" sounds complicated and technical, but understanding them is really not that hard.

A derivative is essentially a fancy way of saying that a bet has been made. Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before. Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion. Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion.

The danger to the global financial system posed by derivatives is so great that Warren Buffet once called them "financial weapons of mass destruction". For now, the financial powers that be are trying to keep the casino rolling, but it is inevitable that at some point this entire mess is going to come crashing down. When it does, we are going to be facing a derivatives crisis that really could destroy the entire global financial system.

Melangkah ke Kelab Elit Jutawan Trilliana

Assalamu 'Alaikum


From: zaziz@hotmail.com
To: mcoba-mail@googlegroups.com
Subject: RE: [MCOBA:88150] Group warns of RM1 trillion debt by 2020
Date: Thu, 20 Oct 2011 15:41:53 +0000


Hutang semasa negara ialah RM437 billion pada 30 Jun 2011 di mana RM16 billion adalah hutang luar negara. Ini mewakili 51% daripada KDNK. Untuk perspektif bandingan potensi masalah hutang negara,  hutang negara Greece adalah 110% daripada KDNK, sementara negara-negara "PIG" - Portugal, Ireland dan Sepanyol menghampiri 70% daripada KDNK. Oleh itu, kita tidak jauh dari segi masalah yang sama pada masa akan datang. Jika tidak dibendung warisan hutang ini akan diserahkan kepada anak-anak dan cucu kita untuk ditanggung. Hutang luar negara kita masih agak kecil, jadi jika kita mendengar pemimpin-pemimpin kita memuji-muji pengeluaran Penerbitan Sukuk Sovereign baru, iaitu meminjam dari luar Negara, janganlah menggalakkan mereka. Ditakuti kita ikut ke jalan Negara Pakistan yang terpaksa meminjam  wang asing untuk membayar gaji kakitangan Kerajaan.

On the road to the trillionaire club

From: zaziz@hotmail.com
To: mcoba-mail@googlegroups.com
Subject: RE: [MCOBA:88150] Group warns of RM1 trillion debt by 2020
Date: Thu, 20 Oct 2011 15:41:53 +0000

Aswt,

        Current debt is RM437 billion as at 30 June 2011 of which RM16 billion is foreign debt. This represents 51% of GDP. As a perspective of the potential problem Greece national debt is 110% of GDP whilst the PIG countries Portugal, Ireland and Spain approaches 70% of GDP. We are therefore not far of in terms of future trouble. If not checked this legacy of debt will be passed to our children and grandchildren to bear. Our foreign debt is still relatively small so if you hear of our leaders wax lyrical on new Sovereign Sukuk Issuance please do not encourage them further lest we go down the road of Pakistan who have to borrow foreign to pay govt servants salaries.

In Sri Lanka, we believe.

Assalamu ‘Alaikum,

In Sri Lanka, we believe.

These signs were everywhere in this beautiful country.

“They wanted almost two thirds of the country when their population was only less than 10%,” said Naushad. “But why?” I countered. “He didn’t want it to end, he was having such a good time with all the money coming in from sympathisers throughout the world. Truth is, he was in a dead end, he couldn’t end the war even if he wanted to, he was in such a fix,” Naushad described the options of the last rebel leader to succumbed in the country’s 30 year debilitating civil war. A thought running through my mind now is that the shape a country is in is inextricable from the leaders the people chose.

Jangan tangisi yang dah pergi

Assalamu 'Alaikum

Jangan tangisi yang dah pergi

“Farhan, bila kau ke luar negara?” tanya Zarif kepada sahabat karibnya. “Entahlah tunggu papa dapat gaji untuk beli teket kapal terbang ku, kata tak lama lagi pinjaman Bank Dunia kepada Negara akan diluluskan dan segala penjawat kerajaan akan mendapati gaji.” “Ah, baik berita tu. Apa kerja yang kau dapat diRiyadh tu?’ bertanya Zarif lagi. “Supir kepada sebuah keluarga Arab disana.” jawab Farhan. “Winston adik ku ingin kesana juga tapi susah la sikit berugama Katholik, mereka bukan serupa kita buleh hidup sebumbung dan sekeluarga berlainan ugama.” “Ya lah mereka tidak hip saperti kita, tokok Zarif dengan bangga. “Habis kau bagaimana If?” tanya Farhan.

“Aku supir kepada Dato’ Widiyanto ahli niaga tersohor diKelang tu.” kata Zarif.