Government gives BR1M ...
and rakyat all rich and drive all imported cars..!!
Economy going down
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Jul 3 2013, 09:54 PM
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Senior Member
2,145 posts Joined: Mar 2009 From: 1BORNEO |
Ok wat ...
Government gives BR1M ... and rakyat all rich and drive all imported cars..!! |
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Jul 3 2013, 09:55 PM
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Junior Member
154 posts Joined: Jul 2008 From: Petaling Jaya |
but when iphone 6 come out got many pipu line up
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Jul 3 2013, 09:58 PM
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Senior Member
604 posts Joined: Dec 2010 |
Weak ringgit is because of weak economy, not that the weak ringgit will help the already-weakened economy.
Only a strong ringgit is favorable. Ask yourself which is better, walking with a clutch or without one? Only if you're a handicap will you need a clutch. Similarly only an already-weakened economy will require a weak ringgit. If the economy is already weak, it will still not serve you any way positively with weaker ringgit. A weaker ringgit can only lessen the pain, and not there to help the economy. |
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Jul 3 2013, 10:00 PM
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Senior Member
604 posts Joined: Dec 2010 |
If the global economy is already weak, people will still cut down on spending despite weaker ringgit.
Don't fool yourself that with weaker ringgit means your order book will fatten up. |
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Jul 3 2013, 10:01 PM
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Senior Member
2,548 posts Joined: Aug 2008 |
» Click to show Spoiler - click again to hide... « Thanks for clarification |
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Jul 3 2013, 10:03 PM
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Newbie
0 posts Joined: Jul 2012 |
QUOTE(Dorky @ Jul 3 2013, 10:58 PM) Weak ringgit is because of weak economy, not that the weak ringgit will help the already-weakened economy. both japan & korea money are very smallOnly a strong ringgit is favorable. Ask yourself which is better, walking with a clutch or without one? Only if you're a handicap will you need a clutch. Similarly only an already-weakened economy will require a weak ringgit. If the economy is already weak, it will still not serve you any way positively with weaker ringgit. A weaker ringgit can only lessen the pain, and not there to help the economy. |
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Jul 3 2013, 10:04 PM
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Senior Member
604 posts Joined: Dec 2010 |
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Jul 3 2013, 10:05 PM
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Senior Member
725 posts Joined: Apr 2008 From: Kuala Lumpur |
well if speaking from klci pov....
i also suspect something is wrong since GE. the market has been consolidated for about 2 months |
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Jul 3 2013, 10:06 PM
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Junior Member
693 posts Joined: Dec 2009 From: Italy |
currency small does not represent that country's economy doing bad...
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Jul 3 2013, 10:07 PM
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Senior Member
604 posts Joined: Dec 2010 |
Someone has pointed out before that the yen is actually more valued than the ringgit. It was because of some accounting that the yen is in multiple digit.
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Jul 3 2013, 10:08 PM
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Newbie
0 posts Joined: Jul 2012 |
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Jul 3 2013, 10:12 PM
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Junior Member
82 posts Joined: Aug 2011 From: Kg. Buah Pala |
I don't blame the wayang kulit behind both our political scene in Malaysia because they both report to the same boss which is the evil Jews org called AIPAC(AP).
BN reports to AIPAC and so does the opposition under Anwar himself. So we are merely watching a fake drama from start. The evil fake Jews seize the administration of countries by recruiting country leaders and royalties in the world as their members under the I1luminati/Freee Masonri. They even seized controls of your churches and religious leaders towards convincing the people. That includes even the White House and US Federal Reserves. |
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Jul 3 2013, 10:12 PM
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Senior Member
2,209 posts Joined: Nov 2010 |
QUOTE(Dorky @ Jul 3 2013, 09:58 PM) Weak ringgit is because of weak economy, not that the weak ringgit will help the already-weakened economy. it is a very effective way to fix the economy. China Yuan has been devalued for many years. Japan are actively devaluing their yen. Only a strong ringgit is favorable. Ask yourself which is better, walking with a clutch or without one? Only if you're a handicap will you need a clutch. Similarly only an already-weakened economy will require a weak ringgit. If the economy is already weak, it will still not serve you any way positively with weaker ringgit. A weaker ringgit can only lessen the pain, and not there to help the economy. We have large % of foreigners working + filling on millions of job that local will not do due to too low salary. A weak RM will make foreign worker expensive and make the local one cheap. More job opportunity + higher pay also mean local will spend more on local retail shop = also drive business up. |
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Jul 3 2013, 10:13 PM
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Junior Member
27 posts Joined: Sep 2008 |
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Jul 3 2013, 10:13 PM
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Senior Member
604 posts Joined: Dec 2010 |
QUOTE(ash tray @ Jul 3 2013, 10:08 PM) QUOTE(Dorky @ Jul 3 2013, 10:07 PM) Someone has pointed out before that the yen is actually more valued than the ringgit. It was because of some accounting that the yen is in multiple digit. Ask yourself why would foreigners buy Malaysian goods?Just because of cheap RM? Really? I mean, really? A currency is in demand because the country can provide what is needed by foreign demand, not because of cheap stuff unless you're talking about commodities. Hi-tech stuff like those provided by Japan and European countries like Germany make their currencies stronger. Euro is still strong because Germany is backing up the currency. If German leaves the EU, the Euro will collapse into worthlessness. |
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Jul 3 2013, 10:14 PM
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Senior Member
604 posts Joined: Dec 2010 |
QUOTE(Boldnut @ Jul 3 2013, 10:12 PM) it is a very effective way to fix the economy. China Yuan has been devalued for many years. Japan are actively devaluing their yen. You're looking from a very short-term and narrow perspective.We have large % of foreigners working + filling on millions of job that local will not do due to too low salary. A weak RM will make foreign worker expensive and make the local one cheap. More job opportunity + higher pay also mean local will spend more on local retail shop = also drive business up. This post has been edited by Dorky: Jul 3 2013, 10:15 PM |
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Jul 3 2013, 10:17 PM
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0 posts Joined: Jul 2012 |
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Jul 3 2013, 10:19 PM
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Senior Member
735 posts Joined: May 2010 From: Gotham-sia |
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Jul 3 2013, 10:19 PM
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Newbie
0 posts Joined: Jul 2012 |
QUOTE(Dorky @ Jul 3 2013, 11:13 PM) Ask yourself why would foreigners buy Malaysian goods? the worth of a nation's currency is importantJust because of cheap RM? Really? I mean, really? A currency is in demand because the country can provide what is needed by foreign demand, not because of cheap stuff unless you're talking about commodities. Hi-tech stuff like those provided by Japan and European countries like Germany make their currencies stronger. Euro is still strong because Germany is backing up the currency. If German leaves the EU, the Euro will collapse into worthlessness. however, in the case for malaysia, the worth of rm is not that important, because, no matter how cheap rm gets, or how expensive rm becomes, if malaysia does not get its act together, all of us will suffer business people like me can move out, after all, for us, we can do business in malaysia, we can also do business in thailand or in angola it is you guys, the salary man and the civil servants who will bear the brunt This post has been edited by ash tray: Jul 3 2013, 10:20 PM |
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Jul 3 2013, 10:20 PM
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Senior Member
1,111 posts Joined: Nov 2011 From: at Malaysia |
QUOTE(LiMi @ Jul 3 2013, 11:19 PM) The Zeitgeist Movement describes itself as a sustainability advocacy group based on the belief that the "monetary-market" economy can be replaced with a system in which the Earth's resources are allocated by the scientific method.[5][vague] Members of the group believe in the elimination of money and private property.[6] Zeitgeist members say the current socioeconomic system is structurally corrupt and needs to be replaced with a system based on efficient and careful resource use through the technological potential of sustainable development.[7][8][9] The Zeitgeist group advocates renewable energy and computerized automatic systems on a global scale to provide free food and other necessities and perform most of the resource allocation. [6][9] |
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