Saturday, June 23, 2012

Dr.Awang Adek (Chairman of Royal Mint Malaysia) Promote New Dinar in 2003

Tuesday, July 29, 2003

Kickdefella (Jun 2012) Ask To Stop Dinar and Dirham Coin Business ? How about this event in 2003 ? 

Malaysia’s first Gold Dinar available to public next week

SHAH ALAM: The Royal Mint of Malaysia has launched Malaysia’s first Gold Dinar, which will be available to the public next month in the ¼ and 1 Dinar types, priced at RM51 and RM181.
It has a gold purity composition of 91.7%, widely known as 22-carat.
The ¼ Dinar weighs 1.06gm and has a diameter of 15mm and thickness of 0.35mm while the 1 Dinar coin weighs 4.25gm with a 23mm diameter and 0.6mm thickness.
FOR INVESTMENT: Royal Mint of Malaysia Sales and Marketing executive Harfeenaz A. Bakar showing off the Gold Dinar after the launching ceremony in Shah Alam on Monday.
The ½ Dinar, 2 Dinar and 4 Dinar coins which are also from the 917 Gold composition will be available several weeks later.
Royal Mint Exchange Sdn Bhd chairman Datuk Dr Awang Adek Hussin said purchasing the Dinar was an effective mode of savings as the value of gold was much more stable compared to currencies.
The value of the Dinar was minted to resemble those used during the reign of Caliph Umar-Al-Khatab in Arab and would follow the market price of gold.
“The introduction of the Dinar here is as a commodity, particularly for savings purpose and not as currency or legal tender,” Dr Awang told a press conference yesterday.
He said the introduction of Dinar provided an alternative mode of investment for the public who would normally place savings in banks or purchase property or land.
“It is definitely a lot cheaper than jewellery because you are only paying RM10 as premium for each coin regardless of its value.”
Dr Awang said there was great potential in expanding the use of Dinar, particularly for the Muslims, such as using them to pay zakat and fitrah, dowries and for pilgrimage to Mecca.
“We are studying the possibility of Islamic institutions such as Tabung Haji, Bank Islam and others allowing their customers to make payments with Dinar,” he said.
Earlier, Dr Awang witnessed a ceremony where about 50 employees of the Royal Mint of Malaysia accepted their Dinars from its managing director Datuk Megat Mohamed Abdul Wahab.
The public can place their orders by calling 03-5519 1611 or

Thursday, June 21, 2012

Gold And Freedom As Money ?

Howard Buffet (Father) vs Warren Buffet (Son) on 'Gold and Money ' dated 7Mac 2012 essay:

It seems that HB did not share his son’s view in regard to savings. From his 1948 speech, he feared the political consequences if “the frugal savings of the humble people of America” are eroded by inflation. He bemoans: “Some day the people will almost certainly flock to ‘a man on horseback’ (his euphemism for an autocrat) who says he will stop inflation by price-fixing, wage-fixing, and rationing.”

He concludes that this outcome would be avoided with a currency redeemable in gold.
HB intuitively understood that gold is money. But he also insightfully, and profoundly, understood that “there is a connection between human freedom and a gold redeemable Money.”

Observing that “one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold”, while tactfully not mentioning that President Roosevelt did the same thing in 1933, HB goes on to conclude that “you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty.” This connection exists because: “In a free country the monetary unit rests upon a fixed foundation of gold or gold and silver independent of the ruling politicians.”

The experience of recent decades illustrates HB’s insight that currency redeemable in gold has “acted as a silent watchdog to prevent unlimited public spending.” Without this constraint, which exists because gold cannot be conjured up out of nothing, HB notes that throughout history “paper money systems have always wound up with collapse and economic chaos.”

Thereafter, human liberty disappears, just like: “Monetary chaos was followed in Germany by a Hitler; in Russia by all-out Bolshevism; and in other nations by more or less tyranny.” His observation is a chilling prospect, given the downward path of the dollar’s purchasing power and the concomitant erosion of time-honoured rights in modern America.

So my recommendation is to read both Buffetts together. Reading one without the other will not provide the complete picture of what money is, and what money has become. More importantly though, one will only learn from reading the older Buffett why gold is money, and why gold and human liberty are inextricably interlinked.

Tuesday, June 19, 2012

Remembrance and Prayer

We ask Allah Taala for guidance and help in our daily affairs.
Rabbi habli hukman wa ahiqni bis-solihin.
Oh Lord, bestow me wisdom and join me with the righteous one.

Tuesday, June 12, 2012

Second Part: Prodigy Child Born In Singapore...

Singapore's strange media silence.

You could be forgiven for thinking that Ainan was not Singaporean. You might form that impression by reading the Singaporean newspapers. You see, what was remarkable about them, over the past couple of weeks, was the absence of any mention of Ainan in them. Only one newspaper, the Zaobao, made mention of Ainan's scientific discovery of Velociperception, at the age of 8 - but even that was a very strange article for it claimed that Ainan's mother was a Malaysian (in other words, "Ainan is no loss to Singapore, because he doesn't even come from here".)

Now, I find this all very odd. Firstly, Ainan's mother, Syahidah is a Singaporean by birth. However her MOTHER was Malaysian by birth. Thus Syahidah is half Malaysian by blood and half Singaporean Malay by blood - and Singaporean by citizenship. Ainan was born in Singapore and was thus born into Singaporean citizenship. It is odd, indeed, therefore, that Singapore's national media should almost entirely ignore a Singaporean born boy who made a scientific discovery at age 8. Any other nation on Earth, would be so proud of such a development that they would scream it to the world at the top of their media lungs. Not so Singapore. Singapore, it very much seems, cannot be proud of the achievement of a half-Malay boy. No, you see, in the unwritten script of the national Singaporean story, Malays achieve nothing worthwhile and all the kudos goes to the dominant Chinese. It doesn't fit their national script to have a half-Malay boy achieve anything, let alone become the youngest person in history, to discover anything scientific, as he is.

There is something else interesting about the Zaobao story. Firstly, they called Ainan's mother, Malaysian, to rewrite his script as no loss to Singapore, because he wasn't from Singapore in the first place. This is, of course a lie. Secondly, I recall that they referred to Ainan as "Yinan". This is very interesting, for this is a CHINESE name. They are reframing Ainan's Malay success story, as a Chinese success story.

Now, I don't know whether these are innocent mistakes on the part of Zaobao - whether they, in fact, picked up this misinformation elsewhere and simply repeated it. I know this, however: the Zaobao article has been PULLED from the internet, since then and Google is no longer able to find it. Old links that point to the article now go to a blank page on Zaobao. This is very interesting. It seems to show that Zaobao's coverage, though minute, was not approved of, by other members of the PAP power structure - and even that little coverage was pulled once they realized it had gone out. The idea, of course, is that Singaporeans should not ever know about Ainan's growing achievements. I believe that Singapore will follow a rule regarding Ainan: the more he achieves, the less they will write of him. In the long term, this will mean that the people on Earth least informed about Ainan, a born Singaporean, will be the Singaporean people themselves.

None of this really matters to us, personally. If Singapore wants to keep the truth from its people, there is little we can do about that, except perhaps write a comment on a blog that only a small number of people will ever see. Eventually, however, the people of Singapore will work out what Singapore is doing. They will see, for instance, Ainan's growing presence on the internet and the many articles, IN OTHER COUNTRIES, referencing his achievements, and they will realize, that their local media have been unaccountably silent. They will understand, then, what is happening. Will this improve the impression Singaporeans have of their media? I don't think so. It will just show them what kind of media they have. It will show them that, more often than not, the most interesting stories, are the ones they never get to hear.

Imagine a future in which Ainan wins a major scientific prize, one day. It doesn't have to be the Nobel. There are other science prizes, too. What would happen then? Well, I think it would be very instructive for any Singaporeans who keep an eye on the internet for news of Ainan. If Ainan should one day win a major scientific prize, or make a major scientific discovery (in a way he already has...), the whole world will be alive with news of it, except for one, very quiet little island. In such an eventuality, the only country that would not know about Ainan's achievement, would be Singapore itself.

What a strange, little country Singapore is. Is there anywhere else in the world, outside of Soviet Russia, China, Burma and North Korea, capable of such a thing? Clearly, Singapore is keeping very interesting company, in the way it conducts itself. I wonder if the powers-that-be ever reflect on their own nature? What do they think of themselves and what they are doing?

Now, this post is written with two background facts in mind. Firstly, the only article to make it, briefly, to the internet, from Singapore, was the Zaobao article. No other article had an online presence. Furthermore, none of our relatives in Singapore heard of any news articles about Ainan. Therefore, I am assuming that there were no other articles of which I am unaware. If you know otherwise, please comment below.

Given that our relatives didn't hear anything, about Ainan, in the papers, it is most likely that there are no other articles - certainly not in the English or Malay press. That, in itself, is enough to support the analysis of this article.

It is funny to contemplate that, in the long term, the people least informed about the life and achievements of Singaporean born Ainan Celeste Cawley, look set to be the Singaporean people themselves. Now, how strange is that? By contrast, all other Chinese speaking countries in the world, and all other Chinese speaking newspapers in the world, gave significant coverage to Ainan's discovery. The question is: why didn't Singapore's media do the same?

Answers, please, below.

Gifted Child Family Migrated Out and Singapore Lies

Singapore's love of lying - by Valentine Cawley