Finance and Economy
UMNO is sleepwalking off a 100-metre cliff. But the racist and corrupt Malay nationalist party thought it would win big in the upcoming 15th General Election, which will be on Nov 19. It appears that the disastrous 2018 General Election is on track to repeat itself. Four years ago, then-PM Najib Razak too was incredibly […]
... written on Oct 21 2022Senile President Joe Biden still believes the economy is still in good shape and there isn’t any inflation. But the more the U.S. in denial, the longer the inflation rate is plaguing the country. The latest CPI (consumer price index) is out, and it’s horrible. The September inflation is 8.2%, up 0.4% from a year […]
... written on Oct 13 2022In 2018, Donald Trump attacked Germany, Europe’s largest economy and one of NATO’s most important members. The U.S. president warned that the country was making a big mistake in totally dependent on Russian energy. Trump’s speech at the United Nations was laughed by Germany’s UN delegation. Today, Western media are mocking and laughing at Germany’s […]
... written on Oct 12 2022On Wednesday (Oct 5), gas prices hit record highs in many parts of California. In some southern California locations, gasoline spiked to more than US$8.00 per gallon. Statewide, prices reached US$6.42 per gallon – nearly US$3 higher than the national average of US$3.83. While the blames are on regional refinery outages and Ukraine War, something else happened that […]
... written on Oct 07 2022Beijing knew it could not make “Yuan” (Renminbi) an internationalized currency overnight, nor could it replace the U.S. dollar’s dominance in the global system with the Chinese currency. China has US$3.0549 trillion in foreign exchange reserves (end of August) – the largest in the world. About a third – US$1 trillion – of its foreign […]
... written on Oct 05 2022Before then-Foreign Secretary Liz Truss won the confidence of the ruling Conservative Party to become the United Kingdom’s next prime minister, she was vigorously campaigning on the anti-China platform. Both she and former Chancellor of the Exchequer Rishi Sunak were competing with each other to win the anti-Chinese contest. She beat Sunak by 81,326 to […]
... written on Oct 03 2022Australian Facebook users were extremely anxious and worried after the country’s central bank reported a jaw-dropping loss of A$36.7 billion for the financial year 2020-21. All hell broke loose after “Real Money”, a column owned by U.S. financial media The Street, screamed at one of its articles – “Australia’s Central Bank Says It Is Bust”. […]
... written on Sep 30 2022Seismic stations in Sweden, Norway and Finland registered two explosions on Monday (Sept 26). One of the explosions registered a magnitude of 2.3. Seismologists immediately knew it was not an earthquake, but undersea detonations. It was followed by a series of unusual leaks on two natural gas pipelines running from Russia under the Baltic Sea […]
... written on Sep 28 2022So, you’ve finally decided to leave the country and start a new life internationally, and you’ve chosen Norway as your destination. Congratulations! Whether you’re seeking new opportunities or you’re getting away from the dumpster fire that is the American economy and politics, you’ll find Norway to be a fantastic change of pace. There’s a reason […]
... written on Sep 27 2022Ringgit officially breached the psychological RM4.50 to the U.S. dollar on Sept 13, 2022 – the lowest since the 1997-1998 Asian Financial Crisis. The Malaysian currency already plunged to its 24-year low on Sept 7 when it closed at RM4.5015 to the greenback. But for the next 3 trading days, it tried to pull back […]
... written on Sep 26 2022
