Monday, June 8, 2015

The whole Malaysia is falling apart

The Ringgit hit 3.76 against the US$ as the international rating firms are considering downgrading of the oountry risk because of the debt ridden 1 MDB and the lack of leadership in the current Government.So , many things have been said and so many things have been denied. Where is the PM as Sabah is shaken by a major and subsequent earthquakes killing people and tourist especially he is having a private jet to take him around ? Why is the explanation of the 1MDB so flimsy and lack of transparancy . Even Bank Negara is starting to investigate the dealings of the aiding entity. When the Government led by UMNO is now at its lowest point , why is PAS trying break up the Pakatan by severing ties with DAP ? There is some much ground swells , horse trading and back biting. Malaysia is in uncharted territories. Withy a weak Ringgit, there will be import inflation and cost of imported goods will go up ? The people will suffer with the weaker Ringgit and also on top of it is the GST. Private consumers will hold back their spending and it will affect the domestic industries. Global business is not good , there is so many VSS ie MAS, Intel, CIMB , HSBC, etc. This happening makes people nervous and jittery and the first thing they do is to self protection and cut down on their budget and spending. Every front is bad and with the on-going budget deficit, the country is being attacked from all fronts and worst still, there is no good candidate or leaders to helm the Government in the country. Where have all the capable people gone ? The sky is pourng red acid rain and it has to be stopped. Namaste.

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