[GVGT] LEE KUAN YEW'S 1985 SPEECH TO U.S CONGRESS

orwell76

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The Plaza Accord or Plaza Agreement was an agreement between the governments of France, West Germany, Japan, the United States, and the United Kingdom, to depreciate the U.S. dollar in relation to the Japanese yen and German Deutsche Mark by intervening in currency markets. The five governments signed the accord on September 22, 1985 at the Plaza Hotel in New York City.
http://en.wikipedia.org/wiki/Plaza_Accord

The Louvre Accord was an agreement, signed on February 22, 1987 in Paris, that aimed to stabilize the international currency markets and halt the continued decline of the US Dollar caused by the Plaza Accord.[1] The agreement was signed by France, West Germany, Japan, Canada, the United States and the United Kingdom.[1] Italy was an invited member who declined to finalize the agreement.[1]
http://en.wikipedia.org/wiki/Louvre_Accord

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is there any new accord of late that is of same nature?

After the Japanese property bubble burst, the Japanese started their own QE to prevent deflation in Japan, exporting their inflation thru the Yen which built up/triggered the Asian financial crisis...
 

Vicodin

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i must add tho....these manipulations over the past few decades have served SG well....but at the detriment of other 3rd world or developing nations.

That's all that matters. Ah gong has done his job. What happens to random third world countries is not his or our problem.
 

focus1974

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I don't know how much the clapping actually meant. Dunno what it was like in '75, but from watching some snippets of the State of the Union in recent years, US congress seems to have a culture of standing+clapping until sibeh song one. It's like a show. To the point that political coverage count the claps...

See the 2013 address, 13 mins of clapping alone :s13:



http://www.washingtonpost.com/blogs...l-ovation-coverage-at-the-state-of-the-union/


LMAO... this is epic.. if claps were an indication of the support for the speech.
when put side yb side with LKY speech..
it seems LKY speech to the US congress is below average ...
 

systeo

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lets give credit as credit is due

guys,

barak obama is usa president, the most powerful man in the world.

ah gong as he rightly state on the onset, is just a 3rd world leader from a nation of 2.5m then.

the standing ovation is 1 thing, the hands he shook, the respect he earned, the friends he made during this session. you can see they are obviously in awe, how can a china man from such a small nation have such profound understanding and insight to the world and the intricacies intertwined amongst the nation.

ah gong was instrumental in the background actively engaging the US to participate in fighting Vietnam when vietnam tried to invade cambodia and laos to expand their territories. he saw international trade as the weapon to prevent war and aggression of bigger nations. in this speech, he not only shared the importance of US Role as a global policeman but more importantly give the congress both democrates and republicians a valuable history lesson reminding them of US constitutions and values and the reason behind their success post WWII. igniting their national pride to stand above immediate challenges and take ownership of the global responsibilities.

This is not his single achievement. his great speech in Malaysia during the merger in Malay took UNMO by surprise cause before that they never view ah gong as a threat. in a seperate interview , he shared that the other reason he wept during the seperation, was because he have to leave tens of thousands of "comrades" behind in malaysia , people he believe he can help to grow and developed. that speech was the straw that broke the camel's back and trigger tunku's determination for seperation as ah gong is viewed as a very big threat . so ah gong was instrumental in singapore's independence due to his speech. as some quote , many are in awe of his speech not because of his showmanship but because of the substance and insight.

lets give him due credit

:s12::s12::s12::s12::s12:
 
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