Good! Mr. Finance Minister - Make Goldman Sachs pay back - make em pay!
At today's exchange rates, US$7.5 billion translates into RM30.86 billion, which can pay off most of your stated RM38 billion of 1MDB debt (government guarantees), as published in The EDGE Markets.
It is great if a developing country such as Malaysia can fight back against globalist finance capital.
If they don't pay back, then do not honour any government guarantees to reimburse them. I.E. Malaysia keeps whatever is owed to them - FULL STOP!
Towards the latter part of Part 1 of this feature length video History is Marching, it describes how the rise of monopoly capital and then the dominance of finance capital leads to banks in the imperialist countries to export their over accumulated capital to other countries, especially developing countries.
Towards the latter part of Part 2, it describes in greater detail the export of capital to developing countries in the post World War II period to the period of globalisation following the end of the Cold War and the collapse of the Soviet Union.
Part 3 describes how the US became the dominant finance capitalist country, why it had to float to US dollar which became a fiat currency and now the decline of its decline, the election of Trump as president of the US, and by extension, the desperation of its banks to secure interest-bearing loans to developing countries - thus milking them.
All seven parts of History is Marching can be viewed in this over 2 hours long feature length video.
Great music, but don't worry, it does not include L'Internationale.
The Star's article referred to follows:-
LGE to Goldman Sachs: Sorry no cure, just pay back US$7.5bil
Friday, 18 Jan 2019
12:39 PM MYT
PUTRAJAYA: A mere apology from Goldman Sachs over the involvement of its former banker in the scandal riddled 1Malaysia Development Bhd (1MDB) is insufficient, says Lim Guan Eng.
The Finance Minister said an apology that came with US$7.5bil (RM30.8bil) was what mattered, and if Goldman Sachs followed up its apology with that payment, Malaysia would consider dropping charges against the investment bank.
"RM7.5bil...we can discuss lah," he quipped.
Goldman Sachs Group Inc CEO David Solomon apologised to Malaysians on Thursday (Jan 17) for the involvement of its former banker Tim Leissner's role in 1MDB.
"At least, he accepted that they have to bear and shoulder some responsibility.
"That apology, of course, go someway towards that, but that is, of course, insufficient. Necessary but not sufficient," Lim told reporters, adding that only when reparations and compensations were paid would the situation be sufficiently remedied.
Lim said the investment bank should understand the agony and trauma suffered by Malaysians because of the 1MDB.
He said if had not been for a change in government, Goldman Sachs, one of the largest investment banks in the world, would not even apologise.