Finance and Economy
Flashback: From a record low of RM2.10 to US$1 in October 1978, the Malaysian Ringgit hit its all time high of RM4.73 to US$1 in January 1998. Prior to the infamous Asian Financial Crisis, the ringgit was trading at about RM2.40 to a US dollar in 1997. Nobody could have predicted the type of economic […]
... written on Aug 17 20151MDB scandal is a blessing in disguise. Malaysians and the international community have learned more in the last 5-weeks than 50-years this country was under UMNO’s rule. People around the world were simply amazed and flabbergasted over how great a liar Prime Minister Najib Razak has demonstrated so far, not to mention the doses of […]
... written on Aug 16 2015Bank Negara Malaysia’s (Central Bank of Malaysia) governor – Zeti Akhtar Aziz – has finally revealed herself to the public since the mass “arrest, firing and hiring” exercise carried out by Prime Minister Najib Razak to “cleanse” himself from an allegation of pocketing a staggering RM2.62 billion (US$696 million) found in his personal account. […]
... written on Aug 13 2015The U.S. federal government is reportedly hit another record in tax collection. The first 10-months of United States fiscal year 2015 (Oct 1, 2014 through the end of July 2015) saw a mind-boggling tax revenues of US$2,672,414,000,000. The figure released by Treasury means a new record in federal taxes. In case you still couldn’t […]
... written on Aug 13 2015By now, you should know why we had screamed “The Chinese Are Coming!!” about three weeks ago. That’s because the China’s economy is crashing, for real. Xi Jinping administration has been fire fighting ever since the terrifying 30% crash within 3-weeks in the country’s stock market. It certainly doesn’t help if the allegations about internal […]
... written on Aug 12 2015You’ve read about the prospect of Johor declaring Independence and how the remote possibility of UMNO losing the state is actually very real. Now that desperado Najib son of Razak had axed his former deputy Muhyiddin, a Johor warlord, the chances are even higher that UMNO would lose its fortress for good. There’re reasons why […]
... written on Aug 11 2015Will Donald Trump emerge “unexpectedly” as the next President of the United States? Perhaps “The Simpsons” has the answer. The Simpsons have a great track record of making predictions that come true years later. The popular American animated sitcom has predicted the future accurately for at least 14-times. There were predictions about Ebola Virus, […]
... written on Aug 10 2015Before the currency stop trading for the weekend, the Malaysian Ringgit was trading as high as RM3.9530 to a U.S. dollar. After the closing bell, it settled at RM3.9220 to a buck. So, does this mean RM3.90 is a new support level and the ringgit can never strengthen to RM3.80 anymore, at least for the […]
... written on Aug 10 2015Did you make any pocket money since our last bitching article? No, not the one about stocks related to Najib’s cronies. The one about all hell breaks loose when the local currency “Ringgit” breaches the psychology RM3.80 to a US dollar. Was it a coincidence that ringgit spiked into toilet bowl on Aug 4, the […]
... written on Aug 07 2015Saudi Arabia is starting to learn the real meaning of “what goes around, comes around”. It’s a public knowledge that Saudi Arabia had funded the 9/11 attacks, and they were pretty happy about their ability in creating havoc against the world’s superpower. Unfortunately they couldn’t control and contain the monster that they’ve created. What did […]
... written on Aug 06 2015
