09 October 2011

State of Denial

Mahathir warns of a "great" and "long" financial crisis"

KUALA LUMPUR — Tun Dr Mahathir Mohamad warned the ongoing global economic crisis will continue long into the future as the West continues spending in a “state of denial.”

The former prime minister said that Western countries continue “believing that they can somehow continue to remain rich. They are unable to behave like poor people.”

On the same day Datuk Seri Najib Razak tabled a budget that aims to rein in the deficit to 4.7 per cent, Dr Mahathir said the West “will not recover because they are still in a state of denial.

“They still believe they are rich, as rich as before they plunged into the crisis. They must keep up the big power wealthy country image even if their people have no jobs, riot and protest.

“How nice it would be if our pocket is picked, we are allowed to print some money to replace what is lost,”

P/S: Perhaps Dr. M intended to refer this kind of mentality to some local people who are now in power and may be also in the state of denial.

Read more here.


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