Loud Thinking

Subject: اے طاۂرٴ لا ەوتی اس رزق سے موت اچھی جس رزق سے آتی ەو پرواز میں کوتاھی
A Fervent Appeal

H’able Prime Minister Mian Muhammad Nawaz Sharif Sahab.

AoA.

I am fully convinced that you still firmly believe in the content and spirit of the subject mentioned poetry, which was also the punch line of one of your elections 2013 advertisements.

However, I was really disappointed by the speech of Mr. Ishaq Dar, which he delivered at the NA on Saturday, 22 June, 2013.

Hope, you remember very well, how the TIMID Pervaiz Musharraf had told the nation that if he had not accepted the US demands of war on terror, Pakistan would have been bombed by the USA, to the Stone Age. Similarly, Mr. Ishaq Dar had tried to scare the nation, by saying that if Pakistan don’t take further loan from the IMF, for the repayment of the old loans, it will go into default. By the way we’ve paid off the principal anyway, as have dozens of countries, some several times over. In any case, when Argentina, Ecuador, even Dubai, defaulted heavens didn’t fall.

Sir, perhaps you remember, in one of my recent emails it was stated that ” Fatemi Sahab, don’t make Musharraf of Mian Nawaz Sharif Sahab. Remember, a timid person can be a ruler but he can never be a leader. It’s the duty of the advisors to never leave the PM or the President, in a state, where he is forced to make decisions, under the influence of fear. This can only be done if the advisor informs the leader, all the strong and weak points in a balanced manner.”

I also hope that Mr. Ishaq Dar knows very well the dirty role of the world lending agencies as exposed in his famous book “Confessions of an Economic Hit Man” written by John Perkins and published in 2004.

According to his book, Perkins’ function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an Economic Hit Man (EHM) as follows:

“Economic hit men (EHMs) are highly-paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign “aid” organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.”

In 1988, economist Davison Budhoo revealed in his 22-page resignation letter – more of an expose of IMF ‘expertise’ – after his 11 years with it: “When we went on a mission, we did not even have the scope to innovate, to look at the country and make projections, that you thought were reasonable… there was already a briefing paper before we entered the country. We were told what we were expected to do, and give conditionality in terms of what the fiscal deficit was and how much it should be reduced; even before we entered the mission… we were expected to structure our findings in relation to the figures in the briefing paper, which were put there without any research, and were predetermined. So the conditionality was also predetermined… In this sense, every IMF mission is fraudulent even today…”

Mr. Prime Minister, not that I am only saying that your government must not take IMF loan to pay the old loan, which will be the biggest trap for our future generations; but in many previous emails I have also clearly suggested more than one solutions (kindly inform if i need to resend those emails again) for Pakistan, to resolve this issue of old IMF loan payments, without taking fresh loans from the IMF.

With Best Wishes and Kind Regards,

Syed Nayyar Uddin Ahmad

Lahore.

Sent from my iPad3 4G LTE