I thnk we need more details on this withdrawal limitation. Is it per day, per person, over-the counter only, TT or what else ? I have predicted earlier to my family that the effects from the Greek fallout could hit Malaysians in the same way. This is now coming true. Greece was Eur 60 per day per person.

Better let the money stay offshore. JUst read in the threads that banks are beginning to limit withdrawals already.

I'll be defensive if I have right what that was wrong earlier, especially if it comes from someone who did not

. So,...again to you, looks like I am under-knowledged on international finance. Well, I'm glad I have enuough investments and instrumnts that are still doing well in these economic times. Hmm,...  like you said 'I have very little knowledge on economics'....if someone who has very little knowledge on economics can still perform at this level, then,.. well,...  

Every sovereign country that has its own currency can print their own money, if not where the money comes from? 
Just the more you print, the less value your money will be aka at the cost of inflation, which may haunt you back.

That's why central bank generally will refrain from printing money, unless necessary, as you don't create 'wealth" by printing more money.

This is a fact, not only theory.
When US underwent QE time, they create extra trillion of USD, that's why we saw USD exchange rate plummeting across the globe.
Same with Japan QE, ECB QE.

Eg.
if you print 10 bil, then there is potential 10 bil outflow aka there will be pressure of 10 bil of supply to buy USD or other foreign currency
if you print 100 bil, then there is potential 100 bil money that want to exchange to USD.

100 bil selling pressure more than 10 bil, hence price will go down.
Basic of supply demand that dictates the movement of pricing.

Yes, please do not blindly believe anything, when you think the limit of 3K withdrawal unfounded rumour, it totally has no logic at all, so easily busted. 

The news about those money changers outside may be short of USD, is due to demand on physical note, not about liquidity.
Anyone still can exchange a few or hundred of million USD with banks easily.

The only reason why banks want to impose withdrawal limit is when they are short of liquidity.

Currently, liquidity between banks is ample, if banks are short of liquidity, you will see Klibor rate shooting to the roof particularly overnight rate and 3 months rate which serves as indicator what is the situation of liquidity in the financial market.

When there is a liquidity squeeze, you see interbank rate shoot to the roof like during 2008. (Libor rate for global banking interbank lending)

Another thing I don't understand why hekeep saying people who invest in ASNB is dumb. I mean, yes, if gov take money from the ASNB, don't you think they will did the same to MBB TNB PETRONAS RHB MBSH TH KWAP????!!!!! All the blue chip will be suffered. If yes, then how?

Your 4.25 has certain academic standing. That may be the final stabilized exchange rate while SGD could be 3.02, based on interest rate parity
But politics could thwart the numbers into space 

Question to Dreamer and Avfan on the followings :-
(1) When would 1.4 million Malaysian civil servant faced the historical 1st retrenchment ?
The prime minister department received so much budget allocation so I want to see a reduction soonest.

If he already keluared, why still making fuss here? Not giving the exact situation but keep put negativity here?

Look, I am not from finance or whatever. But I still have my logic in my brain, yes, the current situation is very bad but not that bad until the nation going to collapse...

The whole thing happen is due to LACK OF CONFIDENCE. Once the thing resolve, I believe KLCI shoot up to 1900 isn't a big problem just a matter of time.

He keep saying thing is going be like Greece and still got people feeding the bait and asking withdrawal limits. If he want to spread the rumour, why don't just make it very clear and asking people start to pile up cash under the pillow rite?

Another thing I don't understand why hekeep saying people who invest in ASNB is dumb. I mean, yes, if gov take money from the ASNB, don't you think they will did the same to MBB TNB PETRONAS RHB MBSH TH KWAP????!!!!! All the blue chip will be suffered. If yes, then how?

The world is working upon threshold, if anything gonna happen, threshold triggered, things will start to cleared off.

He keep saying people should invest in foreign market or whatever foreign currency acc. But this about it, if a household income of 8k got children etc etc, how to invest, even UT is problem for them. What to do just keep in local bank. Then he say local bank will collapse.... if like that go back to system barter better!

I'll be defensive if I have right what that was wrong earlier, especially if it comes from someone who did not read earlier posts and start throwing in unjustified accusations, also known as misconstrued judgement - FROM YOU. Sure, I agree it's a rumour, and I'm glad the rumour is busted,.. fine,... but again, read earlier posts, I was the onewho agreed to it that's it's a rumour. I'll leave my rantings here to focus on more concrete debates.

I appreciated yours and Cherroy's feedback. So,...again to you, looks like I am under-knowledged on international finance. Well, I'm glad I have enuough investments and instrumnts that are still doing well in these economic times. Hmm,...  like you said 'I have very little knowledge on economics'....if someone who has very little knowledge on economics can still perform at this level, then,.. well,...  

I think unker thinks he has a mission to save malaysian. He is giving warning to people just in case they didn't know the situation is bad enough

But to those who have the ability to make their own judgement (like you). they know what is best for themselves.

Actually not a bad thing to have people like unker to warn us what could be the WORST in store. I give benefit of the doubt to unker, and keep at the back of my mind that malaysia economy collapsing is a possibility if nothing in politics is changed

Anyhow, I agree with you at this point in time, the situation is bad and worrying, but not that bad until collapsing

I read with interest exchanges between you guys...

Hansel just read your own posts here.
If you are not adding fire to the rumour then what is?
You can't blame them for reprimanding you.
More like you finally accepted that rumour is untrue ONLY after being lectured on basic economics by the 2 of them.
??More money means you must be right....

You may be very lucky all these while ? 

Interesting,... I HAVE BEEN LUCKY ALL THIS WHILE,.. right, we'll see then. IF my portfolio can stand,... then the whole world should learn from me. If my portfolio dies moving forward,... then that's all to it,... should have bought Unker's Vanguard Funds then. MOment of Truth,...it's okay,... 

I diversified my investmnts inside and outside of Msia. Inside..., into yield props (like many here) and ASX Funds (Ramjade). Outside - into stocks and funds, as advised by Dreamer,... but have not really bought into the Vanguard FUnds yet. So,... this is DIVERSIFICATION - inside AND outside of Msia. Let's see if can stand !

Gentlemen,.. to me, I am more keen to know what the direct effect is to my wellbeing and my loved ones'. The above is ONE DIRECT EFFECT to me. Weakening of the MYR currently will further cause incarese in the price of goods in the country. After the price of goods has increased, it will NOT drop back easily even if everything - the economy, RM, politics recover.

Cherroy,...

I am aware of the effects of printing money for Msia - which is why I used the word 'doomed' if the world knows and acknowledges that we are printingmoney. I do not need to elaborate further.

I did not believe blindly in what I read - that's why I said need to investigate further,... read my posting in this thread and another one or two somewhere else,... I said to ask the banks, and after it was discovered to be only a rumour,.. then I said it was a rumour, and the best place to ask is the banks. So,.. please do not say that I believe blindly.

By the way, since you said that a person with knowledge on economics will not even start to ask if Msia will turn out to be like Greec, that would be summarising that Msia's banking system is still stable and solid. Well,... I do hope so,... BUT,... I do believe too that Dreamer has some points in his postings and comments abt the Msian banking system.

Friend, I am just being sarcastic. You can't even read and understand 

Like guy3288 said, having more money does not mean you are right. And vice versa. If what you think is true, then economics professor will be the richest man on earth

Just accept that you initially believed in that rumour lah. Everybody saw that clearly 

with yr diversification and quantum, yr prudence in "what if's", u will be the last person here to need advice.
anyway, the speculative predictions so far in this thread have been... 3.30, 3.80, 4.0, 4.1, 4.25, 4.46, 5.0, 6.0... take yr pick!

Professor job is to teach and research, and they are not financially poor by any standard.

Shall we put a stop on who believe or not on the unfounded rumour.
The rumour is busted, no point to discuss further.
Ty.