One Trillion

ONE TRILLION
by Dr. Mahathir bin Mohamad on Saturday, 06 August 2011 at 05:43
1. Obama, according to their own news reports, is trying to raise the ceiling for borrowing by the US Government.

2. The US Government is in debt to the tune of US$14 trillion. He wants to borrow more in order to repay the loans. If he cannot repay he will be in default. When a country fails to repay loans, it will be declared bankrupt just like anyone else.
3. What is one trillion dollars? We write it down as one billion with three additional zeros after it. Thus 1,000,000,000,000. It is not such a big figure. You add three zeros or three nothings and the figure increases by 1,000 times. But if we write down one billion as 1,000,000,000 one thousand times, we will have a better idea of what one trillion means. We would be horrified at the size of one trillion if we write the figure 1, one trillion times, which really is what one trillion means.

4. We now talk about these huge sums of money without really appreciating the real amount. Even in Malaysia we talk of billionaires now, not millionaires who are dime a dozen. We are losing our sense of proportion.

5. Just consider $14 trillion in Rupiahs or even in Yen. The figure would spill over the edge of a million sheets of A4-sized paper.

6. Malaysia is one of the countries which lent money to the US. When we buy US bonds we are in fact lending money to the US. Now the US dollar has depreciated from 3.8 Ringgit to one US Dollar to 3 Ringgit per US Dollar. We have lost 80 Malaysian sen for each dollar we lent to the US, if we redeem our bonds. Incidentally we will not be allowed to redeem all our bonds as the US has no money.

7. However, if we keep gold we would be rolling in wealth. Gold was fixed at US$35 per ounce by Bretton Woods in 1943. Now it is US$1,400 per ounce. Even at the depreciated US Dollar of 3 Ringgit we would have 4,200 Ringgit worth of gold for every ounce. Even if we had bought gold say 10 years ago we would have made a pile.

8. A US report says that the US war in Iraq, Afghanistan and Pakistan has cost the US more than US$3 trillion. This is being financed by the loans given by other countries through buying US bonds.

9. The US shows no signs of cutting back on military expenditure. Billions of Dollars are spent on researching, developing and producing more efficient means of killing people. Some 60 military bases are maintained all over the world.

10. By all accounts the US is a debtor nation which will never be able to settle its US$14 trillion debt. In other words the US is a poor debtor country, unable to discharge its loans. And it will remain a poor debtor country unless it is willing to cut back massively on its expenditure, particularly its military budget. When one is poor one lives like a poor men.

11. I remember reciting Humpty Dumpty when I was a child. That is the US today. And not all the Nobel laureates in finance, economics and accounting can put it back together once it falls.

12. Far better to admit you are poor and behave like a poor man than to wear flashy suits and throw your weight around. People will soon learn what you really are.

Aziz Fikry Mohammad:

Of course, it is high time for us to take a cool hard look at our 'investment' in US bonds.The assessment must be objective; it should not be unduly influenced by the diplomatic 'understanding' between the two leaders.It has been said that in politics, Longterm loyalty is risky business.

Kemasukan UiTM: Quality versus Quantity?

Dato' Prof. Ir. Dr. Sahol Hamid Abu Bakar VC UiTM 31 July 2011 17.29 pm
Ada yg menanggap dgn kuantiti kurang kualiti.Org tak faham urusan kualiti menganggap kuantiti tidak berkualiti.Kualiti uitm sejak 55 thn terjamin.Ada MqA & pemereksa luar negara utk setiap program dan badan2 professional yg mengawal kualiti.Setiap Fakulti berasingan. Uitm mendahuli univ2 lain keboleh pasaran. Univ termuka dunia k/sama dgn uitm.Ini menunjukan kualiti.Jangan ragu2 lagi & buat andaian yg kurang pintar.

Aziz Fikry Mohammad
Saya amat bersetuju dengan ketegasan perjuangan Dato' untuk tidak mengurangkan pelajar Uitm. Dengan menghadkan kemasukan hanya kepada yang cemerlang melepasi syarat kemasukan, seperti disarankan oleh pihak-pihak tertentu, kita menafikan pel...uang kepada yang mengalami handicap atau kurang bernasib baik di peringkat awal. Jika di perhatikan latarbelakang tokoh korporat dan profesyenal berjaya yang di hasilkan oleh UiTM(dulu ITM), kita akan dapati bahawa kebanyakannya mempunyai pencapaian akademik persekolahan yang sederhana sebelum di beri 'second chance' oleh Uitm. Resipi kejayaan ini adalah kekuatan UiTM, yang membezakannya dari IPTA lain.