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Rafidah spot-on on conspiracy plot; focus on the economy, stupid

There is certainly another circus in the making. And all because die-hard loyalists of the Prime Minister are trying really hard to divert the attention of the people from issues plaguing Najib Razak.

The police chief has vowed to investigate claims of an UMNO coup to topple Najib, who has dug his heels in and refuses to allow for a graceful transition of power.

And there is a blog with names of all UMNO leaders who are allegedly plotting a premature end to Najib’s career.

The rakyat are not stupid. They are enraged with the unfolding of news, almost on a daily basis, that drives home the point of Najib’s wheeling and dealing in the sovereign state fund, 1MDB.

And so is former Minister, Rafidah Aziz, who has rubbished the conspiracy plot and instead asked the government to look into crucial issues that are threatening the country’s economy and political stability.

I totally agree with her.

An international risk rating agency, Global Risks Insight, has warned that the 1MDB scandal has “shattered business confidence in Malaysia”.

The rakyat have been raising pertinent questions about Najib’s brainchild, which has incurred 42 billion ringgit in debts, in five years.

And the RM 2.6 billion that was transferred to Najib’s personal bank account.

But there has been no credible answers.

The ringgit is one of the globe’s worst performing currencies, having crossed the psychological barrier of RM4:USD 1.

Currency traders say there is a shortage of foreign currencies in the country, as faith in the ringgit slips.

The falling global oil prices have a negative impact on oil-dependent Malaysia’s government debt.

Malaysia’s household debt is climbing even higher.

But instead of looking into tidying up the mess, as Rafidah says, Najib and his sycophants are busy creating conspiracy theories to keep the Prime Minister in power.

Next, Najib and his goons will spin another conspiracy yarn around the Bersih rally, dismissing the rakyat’s legitimacy in calling for the premier to step down.

But can Najib continue the wayang kulit, especially as calls for his resignation from UMNO leaders are becoming more vocal?

The answer, I guess, lies in the unfolding of events in the next few weeks.