10MP- Conspiracy of the Rich.

Thus we have 52 high impact projects worth RM63, 000,000,000. That's 63 thousand million. We shall see who gets to build the 7 highways worth RM19, 000,000,000. We are also building 2 coal fired electricity plants worth RM 7,000,000,000. Will that be furthering the cause of green technology?

Sungai Buloh land will be developed jointly by EPF and its partners for RM10,000,000,000. I have written about the development of the Sungai Besi Air Force Base . It will be led by the 1MDB- nee Terengganu Sovereign Fund. It will be advised by that splendid young man Taek Jho Low and his Qatari friends. Who knows at the launching of the project we shall be entertained by the likes of Usher, J.Lo and Rihana. Let's see whether they will develop this properly directly or they will do what privileged business people do- flip deals by selling the package to another party.

RM18,000,000,000 will be spent on 2 aluminum smelting plants, absorbing the excess electricity generated by the Bakun Dam. PETRONAS will construct LNG regassification plant for RM 3,000,000,000. We shall watch closely who PETRONAS appoints as its contractors.

Of course the government will subsidise the financing of these projects. It has created a financing vehicle to help spend RM 20,000,000,000. This isn't termed as subsidy. Subsidies are those expenditures that are not reciprocated by giving value. These companies give value so; the RM 20,000,000,000 is not subsidy. Subsidy is given to lazy people mostly Malays and so must be rescinded. These are those who clamoured for affirmative action policies but who didn't become market friendly.

But this RM20,000 million is expected to generate 200,000 million. That's value. Hence we can justify dishing out that amount at low interest rates.

Subsides are given to people who will bankrupt the country. Because the recipients are mostly Malays, this means the people responsible for bankrupting this nation are Malays. If we dig deeper, we shall discover that the particular Malays who bankrupt this nation are probably the ULM- UMNO linked Malays who are also the most prominent rent seekers led of course by Malay royalties, and the puteras in the bumi.

How much did we lose in the PKFZ project? RM 12,000,000,000? Well some portion from this 20,000 million will be used to finance a land reclamation project in Westport the same black hole that sucked  in tons of money for which no one was accountable for. It's a financial ghost-town which the government wants to exorcise.

Michelle Yeoh will be singing praises hearing that some of this cheap money will go to the construction of a Truly Asia Centre.  Malaysia- Truly Asia. Why do we need to finance a project in Iskandar Malaysia when IM has already got lots of funds? Has the Corridor been breached?