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ringgit Malaysia drop , how to I change my RM to USD
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kevinkit
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Aug 27 2015, 09:37 AM
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Getting Started

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Malaysia economy is plague by a lot of negative factor, it’s a matter of time we will crumble to the pressure unless something is being done. 1) fundamentally we do not have a strong economy despite what is painted by our brilliant politician compares to some of the neighbouring countries like sg and vn which they keep on moving forward. Since the last decades the emphasis in how to keep holding on in power instead of strengthening the economy. 2) the gloomy world and china economy outlook. 3) falling crude oil price , where we are heavily reliant on PETRONAS for revenue. 4)high debt in terms of bonds help by foreigner 5)political and corruption scandal 6) depleting coffer , e.g. foreign reserves and especially now they are trying to dig into the pencen fund, pilgrimage fund, epf and etc 7) US. Interest hike And I hope that the GST system also will not crumbles as I heard from several sources that currently there is some businesses that are unable to claim back the input and output tax diff from gov for many months. Some business only have working capital for few months, if this is being tied up they will need to close shop. If this is seriously true we are in big trouble.
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kevinkit
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Aug 27 2015, 10:03 AM
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Getting Started

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QUOTE(Binyamin @ Aug 27 2015, 09:58 AM) They need to hike interest rate or else their states will go bankrupt trying to pay for pensions. Its a catch 22, benefit themselves or benefit the world. precisely, the US interest rates has been very very low for a long time. Its just a matter of time, they will need to adjust it.
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kevinkit
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Aug 27 2015, 10:20 AM
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Getting Started

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prophetjul, the news on the Feds US Interest hike stance is all in the net. They are just waiting for the right moment implement it. Anyway the main discussion is not US. The point is if this US rate hike happens, the negative impact it will have on Malaysia.
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kevinkit
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Aug 27 2015, 12:03 PM
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Getting Started

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QUOTE(netmask8 @ Aug 27 2015, 11:23 AM) Major and Many Currencies Dropped against Strengthen GreenBACK (US Dollar) . There are many currencies out there.. http://www.tradingeconomics.com/currencies ==> It is USD is getting stronger and stronger, as FED going to hike interest rate. Many hedge funds are relocating their $$$ from emerging market back to USA. In DOUBT, ask and ASK or seek Uncle Google help for own rational critical thinking mind. Do not 100% trust and believe PHOTOSHOP EDIT photos in Social Media/Networking.   The announcement from the FED alone already has such impact on the market. what happens when the times comes.
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