The Khairy Chronicles: Chapter 1 Cabinet to Save Malaysia

In the year 2020, which is only about 10 years away, we will be facing one of the most challenging episodes in not only our local economy but in the global economy as well. The decisions made over the last couple of years, that saw an explosion in the debt of most OECD countries would definitely have had a significant impact in the value of the US Dollar and the movement of global trade.


Against this backdrop, Malaysia is finding itself in an extremely tough situation. After suffering through 5 years of Opposition rule, Barisan Nasional led by its youngest President, took back the mantle of the Government from Pakatan Rakyat and found itself in the unenviable position of trying to rescue a country that is on the verge of meltdown. The Government's public sector debt had shot past the RM 1 trillion mark, and the ringgit is trading at RM 4.60 to the US Dollar, and RM 5.50 to the Singapore dollar and RM 0.36 to the Thai Bhat. The regional economies of Thailand and Indonesia has spurred ahead with the Thai Bhat trading at 13 Thai Bhat to the US Dollar and the Rp 3,500 to the US dollar as well.


China is dominating the Asian economy and Taiwan had reunified with China a couple of years back. The US is in an economic depression as currency has been debased against most regional currencies, with 1 Euro buying USD 2.20 and 1 USD only buying 50 Yen.


Malaysia which had failed to institute proper policies under the rule of Pakatan Rakyat suffered a massive capital flight and attempted to institute capital controls once again in 2017. However, the export industry had been on the wane for the last 10 years, and could not find new markets for their products and services. The prized new convention centre for MITI laid bare as investors shunned the nation. Food and oil was in shortage and the Pakatan Rakyat Government was frequently bickering and did not manage to do a single good thing. 

In 2019, a General Election was called. Now 43 years old, a young Dato Seri Khairy Jamaluddin led Barisan Nasional to one of its greatest election victories to date promising a solution to the rot that had set in. They won all the states and commanded 90% of the seats in the parliament.


After taking the oath of office in National Palace, Dato Seri Khairy proceeded to assemble his Cabinet to Save Malaysia. I was called out of semi retirement, and asked to head the all powerful Ministry of Finance with supervisory capabilities across many of the other Ministries.


This my recollection of what had transpired during those days

I was shocked.