Posts Tagged ‘Financial Crisis’

The False GDP of USA »

Tun Dr Mahathir bin Mohamad wrote in his Weblog about The Banking System and The Fasle Economy. This is the second installment in a series on the trends that led to the present financial crisis. 1. Another contributor towards the per capita and GDP of the rich countries is the banking business. 2. Banks are apparently allowed to lend

Allow Banks to Cheat in the Finanacial Crisis »

Obama and the Finanacial Crisis by Tun Dr Mahathir Mohamad 1. When President Obama made a bid for three trillion dollars in order to deal with the financial crisis, I assumed that like the immediate past President and the Head of the Federal Reserve, he was going to use the money to bail out the failed banks and financial institutions. 2.


CHALLENGES OF THE ISLAMIC UMMAH IN FACING GLOBAL FINANCIAL CRISIS Speach by Tun Dr Mahathir Bin Mohamad at the Institute For Policy And International Studies Tehran, Iran, at 10.00 am, 30 November 2008 The financial crisis is yet another threat facing the Islamic ummah. Whether we can avoid being dragged down by this crisis or we can minimize