Letters (webpages) to President Barack Obama during the Great Recession
How I explained my theories
During the Great Recession of 2008, actually from 2009 to 2011, I wrote many letters / articles / webpages to help the Americans get out of the economic crisis. I had sent a copy of my book "Market theories & predicting the stock market by visual inspection" to President Barack Obama so that they could have a foundation of what I was explaining.
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How did the Americans find out about me?
During the Asian Financial Crisis of 1997 Malaysia was at a loss as to what to do. Many people had given up and thought that all wealth in the country would be wiped out. Our then Prime Minister was in Japan claiming that no one predicted the stock market crash. I had, but my techniquess were very primitive and that was when I began writing to our Prime Minister through the "Letters to the Editor" of the New Striats Times. I explained what policies to be implement and what to do. My letters are on my PM letters blog. You see my situation was very difficult as I had apporached many institutions and applied for research grants and loans but was either told I was non Muslim or I was wasting my time trying to do the impossible. The situation is bad in Malaysia as no one wants to invest in R&D, they just want to copy and manufacture. So you can understand why my letters were widely circulated. Some fund managers were even claiming that my work was theirs - no shame, just pure pillage.
My letters were widely photocopied, in 1998, and I met people who had read those letters of mine addressed to the Prime Minister. That was how the American Embassy in Kuala Lumpur came to find out that I had developed this Mathematical Theory of Economics that could predict the stock markets and commodities. It explained many phenomena, inflation, hyper inflation, distribution of wealth, wave and probability theory, business profitablity trends, group probability theory, closed lop gain of businesses . . . etc.
I used to stress that money had flow properties and behaved like water. When the economy runs dry and becomes a desert, it is imperative that the economy is watered, cash put into circulation, for growth to restart. What is Capitalism? Capitalism is not about the money but about the flow of money. You can have billions of dollars in the banks but if it does not flow out to water the plants and fields there will be no growth.
How I explained my theories
The Ameircans knew about my theories from my letters of 1998 ... and about my website where I was trying to publish my theories. I forget how it started but I remember sending President Barack Obama my book and then US government broadcasted questions through CNBC and I would reply to their questions and give explanations on my website. Originally, I was responding on bachutha.geocities.com (or b_achutha.geocities.com, I forget) then later moved my site to www.bachutha.com and later I moved my site to www.drpetersnews.com.
When I first began to reply on geocities.com I did not know how to write in HTML and struggled to get it out correclty. Today I am well versed in HTML and PHP. Looking back, that Yahoo sitebuilder I was using in geocities, was an awful piece of software as it generated horrible HTML code.
My computer was stolen in 2011 and the Malaysian police had no interest in investigating the theft. Most of my friends thought that some higher ups had organized the theft of my computer so that they could have access to the technology that I had developed, free of charge. I think this is very true. Anyway that, the theft of my PC and backups, is the reason the later letters to President Barack Obama are missing.
I have reproduced many of them on my Letters to President Barack Obama blog. You may find some of the images missing and that is because I have lost some of them but I will try to check if I can find them later.
- Dr. Peter Achutha, 18th June 2020
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