Yeah just read about it.
My EPF Money!!!!!!!!!!

DEFINITION of 'Trade Surplus'

An economic measure of a positive balance of trade, where a country's exports exceeds its imports. A trade surplus represents a net inflow of domestic currency from foreign markets, and is the opposite of a trade deficit, which would represent a net outflow.


BREAKING DOWN 'Trade Surplus'

When a nation has a trade surplus, it has control over the majority of its own currency. This causes a reduction of risk for another nation selling this currency, which causes a drop in its value. When the currency loses value, it makes it more expensive to purchase imports, causing an even a greater imbalance.

Because a trade surplus usually creates a situation where the surplus only grows (due to the rise in the value of the nations currency making imports cheaper), there are many arguments against Milton Friedman's belief that trade imbalances will correct themselves naturally.


http://www.investopedia.com/terms/t/trade-surplus.asp , https://en.wikipedia.org/wiki/Balance_of_trade and

http://www.tradingeconomics.com/malaysia/balance-of-trade

unker dreamer's prediction is coming true

History of MYR increased Rm1.00 towards USD..

Incorrect as Valuecap is equally owned by Khazanah Nasional Berhad, Kumpulan Wang Persaraan (Diperbadankan) and Permodalan Nasional Berhad

some report say EPF, another report say KWAP @ gov staff pension fund

ya, that much we can be sure of.

with a mighty budget and thousands employed in the dept, think tanks, task forces, committees, there r always only 3 possibilities:

.. more tax, more gst
.. use of epf n other pensions funds.
.. more debt

maybe, if lucky, can get 100bil donation from an alien nation.

never will there be a cut in the budgets for civil service, pm's dept, defense purchases, br1m, etc.

the party is still on, so u know which way the rm will go.

This post has been edited by AVFAN: Sep 14 2015, 09:26 PM

Folks,

You have no choice but to pay EPF. This tied up 20+% of your gross income.

But, DUMMIES will top up their ASx VOLUNTARY and put money into PNB to support the bailout. There will be more rounds of ASx. And, you can count on the DUMMIES to put more of their money in.

How much COMMON SENSE does a person need to UNDERSTAND this SIMPLE statement??

Do not put all your eggs into ONE basket.

Dreamer

Nvr cut on bonus to civil servants too as a lot of private sector(s) freeze increment n bonus

well if they do "open" another round of ASx. I'm not buying

nexona88,

Meanwhile, your existing ASx holding are being killed by USD/MYR drop...

Dreamer

Not just ASx lah, almost everything valued in MYR would be affected. Unless u diversified to overseas (as long as their currencies appreciate substantially against MYR).

The above statements are true onlyif you are 50 and below. For those 'lucky' ones who have reached 50 yrs of age, they can withdraw all from their Account 2. For those who have reached 55 years of age they can withdraw all from the EPF.

This post has been edited by Hansel: Sep 15 2015, 08:08 AM

True,... but the difference here is you can move your ASX out if you wished to. You can't demand for your salary or your fees be paid in the USD, and you can't take out all your money from the EPF if you have not reached the required age.

Question, are u married?

Hansel,

Which does not help if a person only move money out of ASx after RM drop XX%.

It is like the famous saying:

closing the stable door after the horse has bolted

Dreamer

Dreamer,...

One is not able to move ALL money out of the country that easily. There are just that many things 'tied' to this country, from your earlier eg : can you move out your EPF funds if you have not reached the required age ?

What dreamer is saying is EPF have no choice. Others one is given a choice to invest in GLC or not. Dreamer is asking us NOT to invest in GLC but remove that money and dump it overseas or simply hold cold hard cash under out pillow.

Hansel,

I did not say ALL MONEY. I specifically say ASx. Do not add in words that are not in my post.

Dreamer