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| Cancelled celebration of Israel's victorious 6 day war in 1967 planned in Melaka |
Few FB comments expressed concerned with words uttered by Tun Dr Mahathir and Lim Guan Eng as not helping the economy. In addition to repeated mentioning of RM1 trillion debt political hoax, there was the technically deficient earlier remark of Guan Eng on government bailing our 1MDB. Enough of picking on Guan Eng. ,
The concern is getting more and more attention. There have been many developments over the weekend and Hari Raya holidays. Comments on foreigners streaming out of the stock market have gone gone viral. There is also rising awareness on the important agriculture product of Malaysia, palm oil and potential of ringgit.
The instinct is it could be a stormy Monday tomorrow by the indication of increased amount of foreigners selling last Thursday. It is strange that everything is falling into place since the selling two days before polling on May 9th.
No ... no ... please not another Zionist conspiracy.
It cannot be coincident that EU dropped the bombshell to announce phasing out and ban palm oil for transport use by 2030.
Palm oil have been used increasingly as feedstock for biofuels because it is cheaper than their locally produced rapeseed oil. Half of the EU’s 6 billion euros (RM27.6 billion) worth of palm oil imports are used for biodiesel. The market target of 2,290 may no more be a buy on dip opportunity.
With stock market possibly going down, foreigners to sell out of their US$50 billion holding in our bond market selling and shorting of oil palm will lead to losses by oil palm plantation and small holders, ringgit will be a casualty to come.
Kenanga Research revised their year-end ringgit target against the US dollar to 4.05 from 3.90. With ringgit at around 4.00 and increasingly looking to break the medium-term psychological resistance level, it is a rather cautious prediction.
With China bound to retaliate against Donald Trump's remarks to push for hefty tariff on US$50 billion Chinese import into China, ringgit could be severely devalued to major currencies by any potential fall of the US dollar.
Hate to admit but it is hard to discount the possibility of a zionist conspiracy is such coordinated coincidence.
A day after the polling date, the Times of Israel reminded its readers of Mahathir's "Jews rule the world by proxy" remark in 2003 and described him as an avowed anti-semites. A day before he retired in 2003, Mahathir said some sensitive words on the Jews.
The Jews never forgotten of the remark. In 2013, Jeruselem Post wrote a 10 anniversary of Mahathir's remark. In the midst of his incessant attack on Dato Najib in 2016, Jewish owned Washington Post was still writing of Mahathir's 2003 remark of Jews.
Ever since that remark, many have followed suit and kept claiming Jews have hidden agenda against Malaysia.
Malaysia strong stance against Israel in defense of the Palestinian people may have attracted strong retaliation against itself from Israel or US. For instance, US took exception on countries voted against US call on Jeruselem as Israel capital.
The Times of Israel headlined it as "US says it’ll be ‘taking names’ of countries that oppose Jerusalem move at UN." Naturally, Malaysia is on the list.
It is haunting to be reminded of Israel Prime Minister Benjamin Netanyahu's remark, "Countries that don't have relation with us ... they're gonna be isolated." Simply because the suspicion is the sellers of oil palm may have come from Jewish-owned commodity houses and end sellers not known.
Malaysian should not be lost in the euphoria and Raya festivities because it will affect food on the table for 800,000 families.
The new government have not started on the right not. Mahathir has yet to re-establish ties with US and China.
He was back to his nasty self on the visit from Singapore Prime Minister, Hsien Loong. More important, he has yet to renew ties with other important ASEAN neighbours such as Indonesia, Thailand, and Phillipines.
Haaretz reported Thailand, Phillipines, Vietnam and Myanmar were invited at the opening of US Embassy in Jeruselem.
There are 32 countries that do not recognise and/or do not or have partial diplomatic relation with Israel. Among the countries are the 19 out of the 21 countries Arab League and 10 members of the OIC.
Generally, Israel do not have diplomatic relation with Muslim nations except Egypt. However, there have been individual Muslims supporting Israel's right to self determination and the few views have been promoted by the Israel propagandist.
Arab countries have been building ties on the grounds of common enemies. Jerusalem Post analysis concluded that any warm relation with Arab world can quickly turn sour.
Despite Mahathir had the support of Soros-funded Sarawak Report and international Jewish controlled media to launch attack on Najib from abroad, it is rather surprising to expect a Zionist conspiracy being applied on Malaysia.
Maybe it is perfect timing to put pressure on Mahathir to kneel to them.
It is a scary prospect but it is no consolation to not support Mahathir as it would not have spared Najib. At least, Najib had the support of China and friendly to many nations of the world.Mahathir does not have many friends.