Macai follow boss cari makan mah. Have to do his job here...we have to understand his position

It seem malaysia is winning the currency war. The gomen is great warrior, Malaysia boleh!

In this moment while RM is drop badly, should we make support action such as buying gold as saving?

RM1000 still RM1000 next year but that amount still not equal to current amount to buy anything.

Buy RM1000 gold and sell it later to gain money can get it much higher to survive later.

This is just my opinion and really welcome any comment about it.

don't feel stupid.. u did some great job for newbie

There is nothing to "proud" of winning the currency war (depreciate the most), as it may only makes public poorer only and may suffer due to inflation.

Winning currency war by depreciating currency is like slashing your selling price so that you can win more business, but at the expense of inflation, wealth value shrinking and lower purchasing power.

Current per capital income is around 33K, at exchange rate USD3.3, it means USD 10K, which can buy 33.3 Iphone (assumed iphone price is USD300)

Now at 4.16 rate, per capital income becomes USD7.9k, and now only can buy 26.3 Iphone.

From here we can see purchasing power has become lower already.
With the same wages, the lesser goods can be bought.

The ultimate goal of economy growth is for everyone to be better off in term of improving purchasing power, not suffer.

No one can forever rely on devalued currency to get more business, as in the end of the day, it will hurt your purchasing power only.
Just like you opens a shop and in order to get more business compared to competitor, you keep on slashing price, until one day, it will hurt your bottom line (no more profit), and business will suffer.

There must be a balance in between, too low no good, too high also no good.

Kankong and palm oil is priced in RM, people are grateful to great warrior can have fried kankong everyday.

This post has been edited by icemanfx: Aug 23 2015, 05:35 PM

poa = price on application.

there is a snapshot of a money exchanger board showing the rm as "poa".

will not bother to post here.

but possibly it was somewhere in south africa where the rand lost 21% against usd in 1 yr vs 31.8% for rm.

so, maybe can say south africa lost to msia in global currency war, surrender with "poa"?!

This post has been edited by AVFAN: Aug 23 2015, 06:57 PM

Can anyone smell the aroma of USD/MYR @ 4.20 next week?

Seriously POA? That bad? Or another photoshopped?

share the pict plz

wahhh, if it reach that high, i can't topup my gaming

Just google "ringgit poa". Click the first link. myxxx.net

Newbie question : why would a sign saying "POA" or price on application be a concern ?

It's nvr too late to top up

I'm waiting for 4.25 to get on the extra long side of the trade.
Big purchase coming - I will try to help the Johor economy. Mari Mari.. almost there.


The only thing that I'm topping up is my next meals and shopping trips to JB.. loving this low rate of the Ringgit!





This post has been edited by danmooncake: Aug 23 2015, 09:47 PM

Where is tis money changer?

Smart move. Convert all USD and make big property purchase in JB? Perhaps,Should wait till FED raise 1st interest rate hike in 9 years soon.

Always cannot elaborate, hence links to macai, mangali, and so on names calling. You are very "SMART" with yr good maths grade in SPM.
Kid, Your teacher must be very "proud" of you since you wrote nice wordings here.. Keep yr good effort and later, always cannot elaborate,
play finger pointing blame game or nice photoshop EDIT . Hope LYN members trusted 100% yr game and photoshop.

This post has been edited by netmask8: Aug 23 2015, 10:31 PM

probably right.. need to buy stamina