Posted by Tobby > 2022-07-15 19:26 | Report Abuse

Still in Genting! Great place! Business booming! Checking out tomorrow and stay in nearby homestay! Been to casino for few days just to check around! Damn! Pack! I still see heavy bets despite high living cost today! Then again, most of them are singaporeans! So to them it's really peanut!
So you may wonder why are we seeing such ridiculous prices of essentials nowadays!
Even during those 2 years of strict movement control, we still getting essentials at very reasonable prices!

Posted by Tobby > 2022-07-15 19:29 | Report Abuse

Well, you can blame those enlightens controlling US and EU administration! They have this Grand Reset thingy going on! But personally, i think they going to lose out to shifting New World Order!
I am not betting on New World Order where Russia China dictate humanity! But i could be wrong!
But i am very certain US EU Old World Order is at it's end of it's game! Just like Umno in Malaysia!
During a transition, chaos surely erupts! Until the whole process is complete!

Posted by Tobby > 2022-07-15 19:29 | Report Abuse

Unfortunately, we really don't know when the process will end! Maybe few years, maybe a decade! Even for a century!

Posted by Tobby > 2022-07-15 19:32 | Report Abuse

As the World Order shifts, chain of supply also shift! Today US dictates world trades! But eventually, China will determine the course of how raw materials move around and the products and services are consume!
As for Russia, they will rely on China! I mean, what else can Russia offer to China beside those antiquated military prowess and space technology! Oh, and raw oil which is fast losing it's importance in mobility of passengers!

Posted by Tobby > 2022-07-15 19:46 | Report Abuse

China will be the first to hit 100% EV adoption! Norway too but it's a small country! Once 100% EV adoption is achieve, China will determine the price of raw oil!
As for US and EU, i doubt they can produce EV of their own without importing components from China! That's the main problem!
Anyway, current oil price is the core reason for inflation at the moment! 2nd is the chain of supply of fertilizer and raw commodities! China has no problem overcoming inflation as they can bypass troubled US and EU!
The only problem with China is it's zero Covid policy! A really dumbass policy! Why can't they just issue vaccine mandate like the rest of us! Haix!
Anyway, for Malaysia, the super heavy subsidizing of things will put super heavy strain on our government fiscal! GST can help alot! But problem is, the are politicians especially from Harapan who love to make political mileage out of it! Please Harapan! Grow up! You blew it once, don't blow it again if you guys given 2nd chance!
Our national fiscal equation is really worrisome! We have 1.4 trillion debts to pay! If government fail to pay it's commitments, no matter how small, kaboom! You have change in ratings, and hike in interest! Then, government will have to issue bonds with much higher interest! Eventually, Malaysia will be trapped in stagnation which is worst than recession!
Can Malaysia avoid recession! Yes! If Malaysia play along with shifting New World Order! Reducing trades in US dollar and trade more in Yuan! However, we cannot import Russia oil as we will be sanction by US and EU! China and India dare to do so as they are big! And they know it!
Malaysia also need to be self sufficient! For the longest time, 50% of our rice are imported from our neighbouring countries! Do you know that!
Chicken and egg, been the cheapest source of protein are highly dependent on imported feed!

Posted by Tobby > 2022-07-15 19:47 | Report Abuse

In short, US and EU totally mess up! The world is suffering due to their lofty Grand Reset which ultimately bring to their demise!

Posted by Tobby > 2022-07-15 19:51 | Report Abuse

What we can do, or rather what our lawmakers can do is to make sure Malaysia able to weather this shifting New World Order and come out alive!
Honestly, we are in for a rough sea! A competent captain is needed to man the ship!
Let's hope we do have one! Because at the moment, we have a ship bloated with useless not working crews and a puppet captan on top of the board and the lower deck are powerless!