tag:blogger.com,1999:blog-11109306.post1190525244772387247..comments2024-03-28T23:42:23.455+08:00Comments on KTemoc Konsiders ........: Covid-19 - the WORST is soon to comeKTemochttp://www.blogger.com/profile/09951253039042572381noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11109306.post-64204434530752852262020-03-29T08:45:16.634+08:002020-03-29T08:45:16.634+08:00There will be two tsunamis. Health is definitely o...There will be two tsunamis. Health is definitely one and it is upon us. The other will be the economic one.<br /><br />Yes the worst is yet to come. Not only for Malaysia but for every country on earth. And when that happens it will be "everyone for himself", or in other words...<br /><br />Stuff EU, Go It Alone Brexit, <br />Make America Great Again, <br />USA-China Trade War,<br />NAFTA, TPP dead and buried<br />Viet Nam stops exporting rice, <br />Or increases its price to balance their budget<br />Saudi Arabia crashes price of oil to grow market share<br />etc<br /><br />replicated all over the world at the same time. Restrict free travel, re-negotiate trade deals, return of protectionism etc etc.<br /><br />Trump's inward looking stance was ahead of his time, where's the Mexican Wall? <br /><br />Let's see if One Belt One Road will survive this.....or China starts to call back its loans....<br /><br />Malaysia's 250 billion rescue package is only 10% (25B) actual cash injection by the PN government. <br /><br />The rest is bank loan moratorium (175B which is a delay in installment with interest, not loan forgiveness) and EPF money (50B, which is OUR money).<br /><br />The 175B loan moratorium is actually a bank bailout by the government. Govt guarantee to back the banks should the NPLs skyrocket, which will happen.<br /><br />Why does the government see it necessary to give cash aid to civil servants or pensioners? Their jobs are guaranteed and so are their pension money. I can understand for the health care workers and security folks but why does say a teacher need special cash aid while obeying the MCO? They still get full salary while the restaurant hand and insurance agent have lost their jobs. <br /><br />The fact that there are 450,000 teachers or nearly a million voters if you count their spouses may be a clue.<br /><br />It is the private sector worker, retirees, those living on their savings, the SMEs, the daily wage earners etc that need financial aid. But they get only a small amount.TShttps://www.blogger.com/profile/14536181190331052335noreply@blogger.com