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Monday, January 7, 2013

Vision 2020. Believe it or not.



Mahathir promised that Malaysia would achieve developed nation status by 2020. What does that mean? Really. Here is a layman's explanation of Vision 2020. Read it and worry. Why should your Monday be any better than mine? Hahahahaha...



In its own way: Let me try my hand at explaining. The Mamak (that's Tun Dr. Mahathir to you - ed.) said we will achieve RM 17k per capita in Wawasan 2020. Najib lowered the bar and said "High Income Nation at RM 15k per capita" instead. Factoring inflation using gold as the bench mark (deflation of RM relative to gold over past 40 years), at RM 15K in 2020, we are worse off than our per capita GDP in 2009. Meaning our per capita in 2009 can buy more stuff than RM 15 k per capita in 2020. So in our own way, we guarantee you are worse off than before. To achieve that, we print RM like crazy to create inflation and skim off the money today to let you pay the debts tomorrow. Sorry, that's why our projects have to be at least 5 to 10 times the real cost. How do we protect ourselves - Buy gold. Ehmm, not Genneva please.



Niamah!!!

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