Back in November 2021, I had suspected that the MoF and EPF narrative that it was concerned about, we the peoples retirement kitty was not genuine. READ : EPF, Menteri Kewangan & Editor Bisnes: Tak Erti Menari dikatakan lantai Berjongket jongket : EH.
Finally the truth is out, it was never about, We the people, rather it was about the elites. READ : Tengku Zafrul : EPF ad hoc withdrawal to have a negative impact on the local stock and bond markets, including Malaysian Government Securities (MGS) interest rates, which had increased by an average of 100 basis points compared with the third quarter of 2020
Basically, what we have is a move to safeguard the interest of the rich, and to hell with We the People.
How many Government linked companies have been restructed, with the board members salary reduced owing to poor performance?
We have a beefed up civil service..but that does not mean we have to cut it, like wise EPF which only has about RM56 billion in cash, cuts a sorry story saying selling assets now, especially stocks could lead to losses.
The rationale implies that EPF have bought equities abroad on the high side. Is it not better, to reduce exposure to stocks abroad, especially so, when the possibility of a market crash has heightened.?
READ : 80 per cent crash looming
We the people
Standing up, and standing tall
'Cause it's all for one and it's one for all
All, all, all
We the people
'Cause it's all for one and it's one for all
All, all, all
We the people
Yes, we the people deserve leaders who will gives us a true narrative rather than one made up by grand mothers!!!
