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Currencies

Scrapping Pension To Avoid Bankruptcy – Paying The Price For 60 Years Of Corruption & Racist Policies

Malaysia is in financial deep shit, but most of its 33 million populations especially the largest ethnic group – Malay – doesn’t realize it. The fact that 80% of the Malay voters chose Perikatan Nasional, a coalition comprising Malay nationalist Bersatu and PAS Islamist parties that subscribe to radicalization and extremism, speaks volumes about the […]

... written on Feb 14 2024

You Can’t Screw All The People All The Time – Chicken Has Come Home To Roost For Desperado Mahathir

Barking like a mad dog, Malaysia’s fourth and seventh prime minister – Mahathir Mohamad – has challenged protégé-turned-nemesis-turned-ally-turned-nemesis Prime Minister Anwar Ibrahim to call for a snap election. Just when people thought he might be able to pull a rabbit out of the hat, his so-called press conference was a huge disappointment. He could only […]

... written on Jan 23 2024

Sanction My Foot! – Russia Makes A Mockery Of Western Oil Sanctions, While China & India Laugh All The Way To The Bank

Entering 2024, Russia’s position in the global oil markets remains largely unchanged despite Western financial and economic sanctions. Even the price cap of US$60 a barrel on Russian oil – desperately introduced by U.S. Treasury Secretary Janet Yellen – has little effect on the Kremlin. That’s because oil demand did not change. The only changes are […]

... written on Dec 30 2023

De-Dollarization Kicks Into High Gear – Chinese Yuan Hit Record High, Overtook Japanese Yen As 4th Most Used Currency

As recently as May 2023, the Western news media were still laughing at the idea of de-dollarization. They said China’s Yuan faced great obstacles to becoming a global reserve currency. They ridiculed the Chinese currency because nobody wants to buy Chinese bonds. They mocked that foreign investors have been dumping Chinese bonds since Russia invaded […]

... written on Dec 24 2023

Fix Economy, Not Glorifying Terrorism – Kemaman By-Election Proves PM Anwar’s Playing Palestinian Card Fails Miserably

For over a year since Anwar Ibrahim became the 10th Prime Minister of Malaysia, he has practically done everything to swing Malay-Muslim votes, 85% of whom did not vote for him in the November 2022 General Election. Yet, if the just concluded by-election for the Kemaman parliamentary seat is any indicator, the premier has failed spectacularly. […]

... written on Dec 06 2023

Careful What You Wish For – U.S. May Slap Economic Sanction On Malaysia For Supporting & Training Hamas Terrorists

Hamas and Palestinians are two different things altogether. Hamas, the Islamic Resistance Movement, is essentially the Palestinian militant group which has been designated by the U.S. as a terrorist organization in October 1997. While it governed the Gaza Strip, Hamas’ entire existence is “eradication of Israel” and “Jewish people” – meaning to wipe them out of […]

... written on Nov 07 2023

Reject All Letters Not In Malay Language – PM Anwar’s Dumb Order Will See Foreign Investors Reject Malaysia Instead

When then-Education Minister Anwar Ibrahim introduced “Bahasa Baku” or a standardised pronunciation of the Malay language back in 1988, he was trying to show that he was not only a hero of the Malay language, but also to impress upon fellow Malays that he was more Malay than the Malays – even more Indonesian than […]

... written on Oct 27 2023

Kaboom! Ringgit At 25-Year Low – Here’s Why The Currency Could Plunge To RM5 To The U.S. Dollar

MIDF Research said in March that the Ringgit will reach RM4.00 against the U.S. dollar by end 2023. However, the Malaysian currency continued to drop, hitting RM4.66 in July. Bank Negara Malaysia (Central Bank), meanwhile, insisted that the weakness in the local currency “does not reflect economic fundamentals”. Conveniently, it blamed external factors, which was […]

... written on Oct 21 2023

Here’s How Afghanistan Currency Beats US Dollar, Euro & Pound – But Don’t Learn How The Taliban Did It

Afghani, the currency of a pariah nation called Afghanistan, is trading at 77 Afghani to a U.S. dollar. In comparison, Russian Ruble has depreciated to 99 to the greenback. This means the Afghani are more valuable than Ruble. Not bad for the ruling Taliban, who seized power about two years ago after the United States […]

... written on Oct 04 2023

This Is Just The Beginning – These Charts Show The Impact Of The BRICS Expansion, And How 6 New Members Were Selected

BRICS has expanded to include Iran, Saudi Arabia, the United Arab Emirates (UAE), Egypt, Ethiopia and Argentina. Following the 15th annual BRICS summit in Johannesburg, South Africa last week, the bloc of five major emerging economies – Brazil, Russia, India, China and South Africa – decided to admit the additional 6 new members, effective January […]

... written on Aug 28 2023









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