is our financial position so fragile that just us$1.4b can cause so much depreciation of the ringgit when all this while we hear from those in authority that our financial position is strong.
going by the same logic of this article, aren't those people who speculate in properties, real estate agents, property investors clubs in cohorts with greedy property developers the same "enemies of the country" because they push prices of properties beyond the reach of millions of ordinary Malaysians who just wanted a roof over their heads.
Why his type of speculation on RM happen so frequently when those in authority always say that our economy is strong, our finances are in very good shape, etc., etc. Are we actually living in house of cards?
Epf, Sime Darby, Felda, Tabung Haji etc have invested billions overseas! They need to sell ringgit to purchase other currencies for these investments. Are not these also undermining the ringgit?
Mahathir called for control on these Glcs oversea investments. Billions are involved!
I dont know. All I know is you suddenly pop up and posted three times. BTW, i like your name. "Sian See' - hokkien style. I doubt you know this dialect. apa kata? wakakakaka
Get off Datuk Tong's back. It's a free market and if the government has done a better job, like managing 1MDB better, nobody will have the opportunity to short the ringgit. Even if Datuk Tong didn't do it, many international vultures are already on it. So don't blame Datuk Tong for highlighting the obvious mismanagements by the government, the ringgit is ripe for shorting by anyone. It is ridiculously stupid that Malaysia happily partake in the fruits of free trade, including currencies, and then cry foul when things don't go their way due to their own mismanagement. Sounds like a bunch of piss ass whiny spoilt babies who should just grow the f up and fix their management of the economy.
Looks like the gomen is seeking revenge for the 1MDB expose by The Edge. That's UMNO style. Cannot win through civilized debate, they will use sedition act lah, take away your printing license lah and all that. Get real, if the management of the economy is done well, Datuk Tong will have no bullets to shoot and no opportunity to short. So blame who? Blame your stupid self lah. Look at 1MDB, need to ask AK for money to meet loan obligation. Blame who? Blame Datuk Tong ah? If you cannot take free market discipline, please go back to the cave and don't allow any offshore trading of your currency. Bunch of crybabies...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JeevS
411 posts
Posted by JeevS > 2015-01-30 01:13 | Report Abuse
I hope he doesn't get TKOed with his attempt XD