Show me the MONEY!! Heee.. It's been over a year, almost 2 years i'm 'away' from economics, a subject i took in KMB. Me likey econs soo much! =p So, i feel like writing about the current issue regarding Malaysian's economic situation, currency, to be precise. As i'm not into writing in Malay, i prefer writing in English. *koya molek* ngee
But are we REALLY doing well? Like for REAL?? Is it the Ringgit which is appreciating or is it the US Dollar which is devaluing? Hrmm..
When we buy US Dollar bonds, we are in fact lending US Dollars to the US. When we redeem the bonds all the US has to do is to print more US Dollars to pay us.
How nice it would be if we can pay all our debts by just printing money!! Nahaha
There is something fishy going on and the fishy smell is very strong in the US. "Poor" China with 2.5 trillion devalued dollars in its reserve. Wonder how much Bank Negara has? Ermm...
In the face of Governments devaluing their currencies in a currency war, what should Malaysia do? Keep the float or control? When we controlled our currency in 1998 we were called pariahs whose knowledge about finance could be written on the back of a postage stamp. Now it seems many nations are using their magnifying glasses to read what is written on the back of the postage stamps. Hah!!
Some might not really understand. Ok ok.. The point is simple.. CORRUPTION is everywhere. You know what i'm saying? I wrote too much am i? No further comment. Nanti they said i'm political. Hua3





