30 million Malaysians and every new-born are debtors
The article warns: “Everyone should take precaution as this is a economy disasters as a whole. Bank Negara held reserved is only RM101 billion at this moment. But Our debt has climbed to Rm 614,880,270 billion. Which means each tax paying citizen has a debt of Rm18,835.” (sic)
But No News Is Bad News has been asking the Umno-led Barisan Nasional (BN) federal government to reveal whether Malaysia’s debt had surpassed RM1 trillion! (Read these for context: http://victorlim2016.blogspot.my/2016/08/today-malaysians-are-worth-less-than-5.html; http://victorlim2016.blogspot.my/2016/08/millionaires-fleeing-malaysia-faster.html; and http://victorlim2016.blogspot.my/2016/08/has-malaysias-federal-debt-surpassed.html)
At more than RM614 billion, the article says each tax paying citizen has a debt of RM18,835.
But what if the federal debt is really at more than RM1 trillion? No News Is Bad News says every of the 30 million citizens and new-born are debtors. Debtors for life?
The ringgit is also at RM4 to US$1, and devaluing steadily in the international forex market.
At more than RM614 billion, the article says each tax paying citizen has a debt of RM18,835.
But what if the federal debt is really at more than RM1 trillion? No News Is Bad News says every of the 30 million citizens and new-born are debtors. Debtors for life?
The ringgit is also at RM4 to US$1, and devaluing steadily in the international forex market.
World oil and commodity prices are severely depressed.
And with Malaysia’s Stock Market plunging from No.4 in Asia to 16 out of 20 i.e is to say from Top 4 to Bottom 4, where do you think BN is taking the economy to?
Perhaps it is time for a credible economist to come out with a truthful analysis on the state of Malaysia’s economy instead of painting a rosy picture of the Malaysian economic and financial outlook, like what all BN political leaders are doing.
And with Malaysia’s Stock Market plunging from No.4 in Asia to 16 out of 20 i.e is to say from Top 4 to Bottom 4, where do you think BN is taking the economy to?
Perhaps it is time for a credible economist to come out with a truthful analysis on the state of Malaysia’s economy instead of painting a rosy picture of the Malaysian economic and financial outlook, like what all BN political leaders are doing.
Here’s the Malaysia Chronicle article for you to digest:
"RINGGIT ARMAGEDDON, ECONOMIC COLLAPSE WITHIN 3 MONTHS? FEARS OF DOOM MOUNT AS NAJIB REFUSES TO LEAVE
Politics | September 1, 2016 by | 0 Comments
Bank Negara held reserved is only RM101 billion at this moment. But Our debt has climbed to Rm 614,880,270 billion.
Salam to all, c n p from next door! Just Sharing a msg from someone in the financial sector…. And as corollary, I don’t think election is going to be likely in 2017 if the outlook for the country is that gloomy! Sure BN lingkup punya and who ever comes into power will have a tough time because the country will be financially very weak! So we MUST get back the country’s embezzled money!
Malaysian Currency is expected to depreciate further to RM 4.50 by end of September as Ringgit is not used as currency’s for trading in world stock exchange. Ringgit will stumbled as the govt further cut on export of crude oil due to over over supply. Everyone should take precaution as this is a economy disasters as a whole. Bank Negara held reserved is only RM101 billion at this moment. But Our debt has climbed to Rm 614,880,270 billion. Which means each tax paying citizen has a debt of Rm18,835. Current advice is Stop investing in any ventures , properties or car. Cash in hand is safe..as Disaster is on the way.
World Economic Analyst predict within the next 3 months, Malaysia economy will collapse.
Stock market & currency value will take a nose dive in a drastic manner.
This is due to world negative economic outlook for the year 2017
Crude oil will crash due to oversupply. As Americans are pumping more crude oil. The reasons:
i) to hurt Russian’s economy and her currency as Russian is world’s no1.
ii) ISIS in order to finance their survival is also selling cheap smuggled crude oil from Syria & Iraq thus flooding the oil market..
Malaysia’s oil production will be hit due to this…apart from the current political uncertainty and corruption which discourages foreign investments.
The world has perceived Malaysia as ranking no.1 for :
i) Corruption & Scandals and financial forgery in money laundering.
So my dear friends,please spend your money wisely. Keep your Money for rainy days. As we are heading towards difficult and bumpy days . The journey will be tough & unpredictable. This will hit hard on all of us, regardless whether you are rich or poor. All the best to All .
Author Unknown"
"RINGGIT ARMAGEDDON, ECONOMIC COLLAPSE WITHIN 3 MONTHS? FEARS OF DOOM MOUNT AS NAJIB REFUSES TO LEAVE
Politics | September 1, 2016 by | 0 Comments
Bank Negara held reserved is only RM101 billion at this moment. But Our debt has climbed to Rm 614,880,270 billion.
Salam to all, c n p from next door! Just Sharing a msg from someone in the financial sector…. And as corollary, I don’t think election is going to be likely in 2017 if the outlook for the country is that gloomy! Sure BN lingkup punya and who ever comes into power will have a tough time because the country will be financially very weak! So we MUST get back the country’s embezzled money!
Malaysian Currency is expected to depreciate further to RM 4.50 by end of September as Ringgit is not used as currency’s for trading in world stock exchange. Ringgit will stumbled as the govt further cut on export of crude oil due to over over supply. Everyone should take precaution as this is a economy disasters as a whole. Bank Negara held reserved is only RM101 billion at this moment. But Our debt has climbed to Rm 614,880,270 billion. Which means each tax paying citizen has a debt of Rm18,835. Current advice is Stop investing in any ventures , properties or car. Cash in hand is safe..as Disaster is on the way.
World Economic Analyst predict within the next 3 months, Malaysia economy will collapse.
Stock market & currency value will take a nose dive in a drastic manner.
This is due to world negative economic outlook for the year 2017
Crude oil will crash due to oversupply. As Americans are pumping more crude oil. The reasons:
i) to hurt Russian’s economy and her currency as Russian is world’s no1.
ii) ISIS in order to finance their survival is also selling cheap smuggled crude oil from Syria & Iraq thus flooding the oil market..
Malaysia’s oil production will be hit due to this…apart from the current political uncertainty and corruption which discourages foreign investments.
The world has perceived Malaysia as ranking no.1 for :
i) Corruption & Scandals and financial forgery in money laundering.
So my dear friends,please spend your money wisely. Keep your Money for rainy days. As we are heading towards difficult and bumpy days . The journey will be tough & unpredictable. This will hit hard on all of us, regardless whether you are rich or poor. All the best to All .
Author Unknown"
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