Are u Soros friends? I think that what happen currency crisis in year 98 which our PM fix the US currency.
I was told money is just a paper, the bank value is determine by the GOLD reserved. I just feel that our government sudden boost a lot of mega projects is abit scary..where the money comes from???

there is no more gold reserve. used long time ago, discarded. that's why every gomen incl usa can keep issuing new money, to keep spending - at the expense of declining currency value relative to the other currencies and inflation.

gomen has little cash to spend on those mega projects. they are mostly funded by borrowings, i.e. bonds - can be sukuks sold to investors in dubai or others bonds in new york or shanghai, and bonds sold to epf.

gomen spending is not very different from individual - if you keep borrowing and spending without a good return, one day you go broke and no one wants to lend you anymore. Just hope for someone or some banks to bail you out for a price with conditions. greece is going thru that now.

Again. seriously do you really think you can overthrown a government? raw materials most likely will shoot up due to shortage in MY and yet you were babbling about continuous currency printing in other countries?? Budget 2012 is increasing the borrowing power of the younger gen... What makes you think they would not try to attempt to get their 1st home? I was not as lucky as they were given the chance to get a 100% loan... But if today i were to know of that news, i am definitely going to go for it.

What's happening in Euro and US atm is a fact know by most of us. Does it relate back to the situation here in bolehland? Before replying, sit down, ponder abit and start thinking. Do you really think the Western will just be some sitting ducks and wait for the crisis to happen? Seriously? Property in MY is dirt CHEAP. you can still easily find condo at 250k - 400k. You call that expensive? It's either you are not cut fit for it because you have not earned enough or your just living in your own world trying to compare the properties here to the ones in GB, US, AU.

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Added on October 11, 2011, 11:31 pmSeriously don't make me ask the question to you again. Someone at your level should be discussing on alternative to let our money continue growing instead of pumping all our cash into gold. the Investment corner is the other side of the forum not here. If you wanna keep talking about GOLD, please go there. There is a GOLD Investment corner specifically for this. Please post something constructive, stop taking article, clips and all sorts of funny news from tom d*** and harry. Continuous speculation is those who want the easy way out. What makes you think if the economy crumble you could stand a better chance to those who already establish their empire here in MY?

This post has been edited by kidmad: Oct 11 2011, 11:31 PM

US or Euro money got value, but Mys money where got value?
I think mys properties still far away cheaper compare to other countries, however the external factor that lead to new imposement for prop investor, perhaps that is either sign of burst or cooling or correction stage.

My dear ...anyway my gov has revenue/income besides borrowings...they get income through taxes, input from Petronas, etc.. Anyhow, the budget 2012 is a 'budget'..When soon they find out less income/less input from Petronas, they've to revise their plan or on hold some of the mega projects...So far, our country deficit is 4.7% as reported. Compared with GREECE...It's still far away ?

So, no point for you to feel scary at this point...

i dun think there is any mega project in the pass 1-2 yrs beside mrt..

use rich ppl $$ to help poor is definately a good move... but dun expect there is any transform er..

How abt ROL under greatest KL project? How abt Legoland? How abt electrified double track(ipoh-padang besar)...I taught these are some mega projects?

Money is an idea.
We keep trying to protect the idea with lots of principle and leverage to back up the idea.
Society now is heavily dependant on this idea.
But in the end it is still an idea.
If idea is just a thought, perhaps we should not take it too seriously.

i tot these proj already die few yrs ago.... ++ selangor science park 2..

This post has been edited by sampool: Oct 12 2011, 11:54 AM

No laaa...legoland operating in 2012, ROL has awarded 11 contracts worth 20mil to 80 mill each, double track already on going and complete by 2014 or 15...

what's your forecast of 2012 economy outlook than?

the answer worth billion dollar..

there are lots of articles by local and foreign media, debates incl parliament on the health of the economy, growing budget deficits, gomen and household debt levels, so no need to dwell further here.

clearly, you have bought into putrajaya's rosy story, but not me.

This post has been edited by AVFAN: Oct 12 2011, 01:39 PM

Haha...I think i'm not interested in Putrajaya's story here....the story behind is worldwide economy now is bad....How to keep growth at 5%?
Domestic demand ! How to boost domestic demand ? By 'boosting' that we've mega projects in order to boost the consumer and share market sentiment, including property!!

Like someone said Idea is an idea and concept....budget shall be adjusted according to actual situation. You don't know economics and project management ?

It's not important you did't know. However, one should not expect our gov leaders to said we'll be falling into recession and so on.
When the whole market collapse, not because of property price too high/bubble, it's because of market confidence/sentiment.

domestic demand to sustain growth... oh no... G oleadi admit recession is coming soon.

Long time heard recession is coming 'soon'......Actual recession is justified by economic data/figures...
Hm...I think the situation is going to be Economic Slow Down instead of recession...

Money is an idea accepted by human kind thousands of year ago.

It has three main functions:- medium of exchange, unit of account, and store of value.

Any kind of object or secure verifiable record that fulfills these functions can serve as money.

Medium of exchange - When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.

Unit of account - A unit of account is a standard numerical unit of measurement of the market value of goods, services, and other transactions.

Store of value - To act as a store of value, a money must be able to be reliably saved, stored, and retrieved – and be predictably usable as a medium of exchange when it is retrieved.

It is a system by itself and part of a larger financial system.

It is an object/tools that suppose to bring order to human kind and enable us to exchange goods and services with minimum argument.

As with any of the existing system/tools(politics/property/land/religion) in the world, the elite manipulate the system to their advantage and make easy money and uninformed/the citizen suffers.

While a complete system would usually has mechanism to prevent manipulation. The rules and regulations are usually loosely/poorly implemented due to rampant corruption and magnified by the general human greed.

As we aspires for better system to be in place and implemented, we must realise the root cause of the instability be it the financial system or the property sector.

This post has been edited by GangHo: Oct 12 2011, 03:10 PM

uhhh...which part of Kepong still has such size of Land?

the existing Property prices in few parts of Kepong already gone high enough, wonder how's UOA big project will be...

@shaquenator

i think you miss the point here. I am saying it's still dirt CHEAP compared to the mentioned country by the guy. A 3 bedroom apartment in london will easily cost you 1M... Pound.. not RM. I am not the guy who took the comparison mind you.

And i do hope you think straight. Why should i invest in some other ppl's country when i can do the same in my own country? and since when i said that i am rich? In my opinion the properties here are still relatively cheap compared to our neighbours in Singapore which i think if you have a chance you should get your own unit yourself.

Now that the government is giving out 100% loan why not take the opportunity? Again, don't give yourselves 101 reason not to buy and continue renting. If you are staying with your parents then no hurry but if you are still renting? Why not use the money to pay for your own instalment instead of others?

This post has been edited by kidmad: Oct 12 2011, 08:05 PM