Michel Chossudovsky confirms with foresight in his December 2006 presentation:
I herewith introduce to you the first speaker Mr Michel Chossudovsky.
Our first Speaker wears many hats. He is an economist from the University of Ottawa who has published several books relating to poverty, globalization and the role of international monetary institutions such as the World Bank and the IMF. He is an esteemed scholar, whose writings have been translated into more than 20 languages.
His other hats include that of an advisor to numerous governments and also consultant to International organizations such as the UNDP.
Ladies and gentlemen here is Professor Michel Chossudovsky
Dear friends, ladies and gentlemen it’s a great privilege for me to be here today as an economist in a country which is committed to National sovereignty in the economic sense of the word and at a very critical moment in the history of this country, namely in 1997 under the Helm ofPrime Minister Dr Tun Mahathir, precise and specific Financial mechanisms were put in place which allowed or at least prevented the slide of the Ringgit, thereby foreclosing the possibility of massive bankruptcies and impoverishment as occurred in Thailand, Indonesia and South Korea.
And this is not a rhetorical question because war and macroeconomics are intimately related. These so-called free market reforms have been essentially an instrument of dramatic impoverishment of millions of people around the world and the fact that Malaysia was able under very difficult conditions to foreclose this catastrophe.
It will be a landmark certainly in the nation’s history for years to come.
Today the world is at the Crossroads of the most serious crisis in modern history
The United States has launched together with its indefectible British ally a military adventure which threatens the future of humanity. it is also coupled as I mentioned by these deadly macroeconomic reforms
Source: Global Research
