tag:blogger.com,1999:blog-11109306.post6894174613073288514..comments2024-03-29T13:53:27.554+08:00Comments on KTemoc Konsiders ........: US accused of being 'hijacker' of facemasksKTemochttp://www.blogger.com/profile/09951253039042572381noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11109306.post-51702825963363867772020-04-05T15:23:11.604+08:002020-04-05T15:23:11.604+08:00How to fund the 250 Billion recovery ? We all know...How to fund the 250 Billion recovery ? We all know where all the money had gone...one division head thug even confessed that 2 mil is just pocket change.<br /><br />Malaysia can only get out of this hole by bringing back all these stolen funds back to its rightful owner..the rakyat is the rightful owner. Due time we do an MBS here...not the one in which he brutally had that poor Khashoggi allegedly hacked into pieces but to emulate his action to round up all the thieves into a luxurious hotel...kurung these bastards for 3 weeks and release them when they cough up the moolah, hehe<br /><br />Oops..these thieves are now in MooMoo's sarung...susah la to execute a MBS.JJhttps://www.blogger.com/profile/04060018986184195373noreply@blogger.comtag:blogger.com,1999:blog-11109306.post-29116241090784649092020-04-04T08:33:09.052+08:002020-04-04T08:33:09.052+08:00The virus has brought mankind down to his most bas...The virus has brought mankind down to his most basic instinct.<br /><br />Every Man For Himself. Survival Of The Fittest/Richest/Smartest.<br /><br />NY Governor Cuomo said that US states and the Federal body FEMA are engaged in a bidding war to win the supply of ventilators from the Chinese supplier. NY vs NJ vs CA vs OH......ha ha ha...like siblings fighting with the parents over a cookie.<br /><br />So we Malaysians may be screwed.<br /><br />How to fund our 250B recovery? The government could only afford to put in 25 Billion. The rest are our own money (EPF) and a humungous government guarantee (read bailout) of the banks for when the loan defaults occur, which is a given. Nice move Tengku Zafrul, an ex- banker with lots of shares in CIMB. Didn't I say survival of the smartest?<br /><br />Forget about getting Samurai, Hara-Kiri or Hail Mary Bonds.....no foreign country or bank will lend to us. They need money too. In fact they may start calling back the money they had already lent us....<br /><br />So How to fund the bank guarantee for when the loans start defaulting?<br /><br />The government has no choice but to borrow locally, from their own citizens.<br /><br />So Toonsie will be proven right....ha ha ha...we have 2 trillion in savings he said.<br /><br />But make sure government give iron clad dividends OK, like BN government gave iron clad dividends to 1MDB bond holders. <br /><br />We must get Jibby to review the bond offering documents. Like the documents he signed to siphon out 4B from KWAP, and some of that money ended up in his personal bank account and he used to pay for jewelry and personal holidays. <br /><br />Perhaps some of that money was used to make "a small contribution" to destitute Sukumaran, not that we know for sure if Jibby did it out of compassion or the kindness of his heart or he did it as a publicity stunt.<br /><br />But I don't need expensive Italian jewelry, I'm not greedy lah, government pay me 10 percent dividend on my EPF will do just fine thank you.<br /><br />QUOTE<br />Dr M: Malaysia can tap RM2 trillion savings to further stimulate economy<br />Wong Ee Lin<br /><br />theedgemarkets.com<br /><br />February 27, 2020<br /><br />PUTRAJAYA (Feb 27): Malaysia has the flexibility to further tap RM2 trillion worth of savings in the country to help counter the negative impact of the Covid-19 outbreak.<br /><br />“Malaysia has a lot of savings. Malaysia has almost RM2 trillion of savings, we will make use of some of these savings. Some with Tabung Haji, Bank Negara, KWAP, KWSP... All of them hold big reserves. And in the case of KWSP, it is almost RM1 trillion,” interim prime minister Tun Dr Mahathir Mohamad told reporters after announcing a RM20 billion economic stimulus package to minimise the economic risks associated with the coronavirus outbreak.<br /><br /><br />The EPF’s total investment assets stood at RM924.75 billion as at end-2019. The Retirement Fund Inc (KWAP)’s total fund size stood at RM136.5 billion as at end-2018.<br /><br />Asked if the government will be issuing bonds to fund the stimulus package, Dr Mahathir said: “At the moment, we have enough source of money. But if necessary, we may issue bonds.”<br /><br />On how the funds will be disbursed, Dr Mahathir said all the measures that have been listed in this stimulus package will be expedited in “terms of bureaucratic procedures”.<br /><br />It is not immediately certain how much of the RM20 billion stimulus package require additional spending by the government or how much revenue it is giving up.<br /><br />When delivering the stimulus speech, Dr Mahathir said the country’s fiscal deficit will rise to 3.4% of GDP from the original projected 3.2% of GDP.<br />UNQUOTETShttps://www.blogger.com/profile/14536181190331052335noreply@blogger.com