The Vibes, Budget, RM886 satu KEPALA : State of Shock

Is the stand out single from the Jackson's 1984 Victory Album,  featuring the Rolling Stones front men Mick Jagger.

A state of shock is what I got after reading the Vibes report on the Budget. READ : Budget 2022 : RM83 billion spending on development expenditure.

just look at me, look at me
State of shock, you drive me
You call me, you call me
You call me in a state of shock

I really wish the reporter did not use big words like Benjamin Franklin, Death and Taxes 

BUT rather just stick to the basics and tell us,  I mean the not so 

BRIGHT ones like me that a RM83 billion allocation for SPENDING ON DEVELOPMENT boils down to only about 23 PER CENT of the RM348 billion budget.

Let me see,  Malaysia has a 32.7 million population,   so if you take the amount set aside for development (RM83 Billion) and divide it with the number of citizens (32.7 million) and then divide it by 12 months,   the grand total you get is RM886.50 satu kepala.

And that 

is the amount which is gonna save us.? WOW indeed a WOW Budget!!!

Faktor paling WOW dalam Belanjawan 2022 : Bagai Bulan Jatuh Ke Riba

is actually just a line 😁 from Altimet's BUNGA, which was released just a couple of years ago. 

Prime Minister Ismail Sabri has promised READ : Budget 2022 has wow factors to benefit all, in line with ‘Keluarga Malaysia’ concept.

My expectation is the MOST IMPORTANT WOW factor will not be in the Budget,  and that is to ensure banks  aggressively lend to the productive sectors of  the economy.

Aku jumpa 

satu brader
Tanya cam mana, dia berkata
Hey, isi ini borang
Keluar wang berkoyan
Korang jangan goyang (bayar kemudian, ooh)
Mohon terus lulus
Tandatangan terus
Siapa taknak berlambak fulus
Bagai bulan jatuh ke riba

I have explained this previously in my post STAY MACAM ROCKY, which in a nutshell states the following :

1. Residential Property loans share of total banking loans surged from 12.3% in 1996 to 34.1% in 2019 while business loans fell from 59.3% to 31.2%, reducing credit availability to more productive sectors.

2.Instead of giving out loans, fat cat banks are buying up their own shares to look good.

Banks reluctance to lend and the Government's hesitancy in ensuring that banks take a bit more risk has even forced READ : Mamak Restaurants Now at Mercy of Loan Sharks.

Yes, indeed some of the money lenders are licensed,  and have a new name READ : Kata ZURAIDA KAMALUDDIN Syarikat Kredit Komuniti dibuka elak rakyat pinjam ceti haram

Since the banks are not lending enough to the productive sectors of the economy,  perhaps its time for the Government  to give these so called 

 KREDIT KOMUNITI companies banking licenses,   so that the interest rates on their lending will come down.

These companies are very aggressive.

 I just surfed Facebook for about 30 minutes  and came across these. (PS THIS IS NOT AN Advertorial  FOR THESE ENTITIES AND MY ADVISE IS STAY AWAY FROM DEBT)

1. Loan Pemulihan

2.PINJAMAN TANPA DEPOSIT

3.WAH mahu Tolong ,Bukan Ah Long (Watch from 2.48 min onwards)

Hishammuddin & Muhyiddin: Akhir Zaman

is a song released by rock group Bunkface last year.   The lyrics to this song goes something like this

Belum tentu lepas,
Dulu hebat kini dah berkarat,

Semua bangsat sudah pun mendarat, (Hishammuddin Hussein who was foreign Minister and now Defence Minister,  should explain to Malaysians,  why is this  still taking place READ : CHINA Haresssing Us in Our Own Waters)

Mana pergi, mana pergi, mana pergi suara demi rakyat 

(Muhyiddin  Yassin,  should tell us that this is not the truth VIEW ; BENAR atau FITNAH?)

Bank Negara : Bunga

is one of Altimet's best known songs taken from the 2018 released AIR album.

Nak duit, nak duit, dapat sekali bunga
Jatuh bulan kan ada riba
Nah duit, nah duit, sertakan bunga
Jangan sampai kena sita
Takde duit untuk bayar bunga
Sampai boleh naik gila
Rumah takde taman, masih ada bunga

Looking solely at the BERNAMA report, although the report itself is confusing, the fear is Bank Negara Malaysia is preparing the rakyat for an interest  rate hike next year.

The Report from Bernama  states  READ :Liquidity in the conventional system dipped to RM38.21 billion from RM43.67 billion this morning

A dip in  liquidity is the second earliest sign  that interest rates are going to rise over the next 6 months or so.

What is the first sign then? READ : Banking system deposit growth SLOWS.

Crypto Currency : Ketinggalan Zaman

is a song from  the Rock group SLANK.  Lyrics to the song goes something like this.

Kau tak tahu apa yang terjadi
Lihat-lihatlah disana sini
Perubahan kini .. cepat sekali
Kau tak pernah perduli .. nggak mau ambil pusing
Karna kamu . Kamu terlalu 

I believe if in this up coming Budget if we don't  do it,  years from now we will be sitting with a sad 

face like this, rueing our miss opportunities to develop the crypto currency business in Malaysia.   My Guess is we are going to miss it by a mile.

And if that is the case,  then do look at the facts below and understand  why we need a better Finance Minister sebab kita udah KETINGALAN ZAMAN

1. Malaysia has the second highest crypto currency users in the World

2.Singapore with the financial strength is using Malaysia as the hardware to mine crypto currency

3.Instead of nurturing our own miners by legalizing them, we are crushing them.

4.We are the sixth largest crypto miners in the world, yet too little is being done to develop this business

5.Singapore is emerging as Asia's digital hub while we look at the sky for a sign

6. Najib Razak has a point, that we need to develop this business

BURSA MALAYSIA : YEARS & YEARS

is a song released as a digital download on December 2016 as the third single from Olly Murs fifth album 24 hours.

No we're not at the end 

But we can close 

Maybe once or twice
We got burned 

But we learned 

Not to listen to bad advice

NEVER in my YEARS & YEARS of experience,  have I seen Bursa Malaysia 

Make themselves  look like complete Axx Hxxx's READ:  Bursa orders Serba Dinamik to reveal factual findings on special independent review.

TURNS out,  there was NO such findings TO REPORT. If heads don't roll because of this at Bursa Malaysia,  I really don't know what the guys there have to do to get the SACK.

PAK Menteri atau Najib Razak Boleh TOLONG rakyat Melaka yang dah beli tiket dari AirAsia X : JANGAN LARI

is  a song if I am not mistaken by the Indonesian all girl group called the Pandoras. The lyrics to this song goes something  like this ;

Pandangannya penuh misteri

Tentu ada, ada saja di mindanya

Takkan kau tahu

Jangan kau lari bersembunyi

Sudah kutahu siapa yang kucari

Forget about the meeting on November 12, READ : Landmark Decision on the First Airline Debt Restructuring Scheme in Malaysia due to Covid-19 Fallout

Basically , Airbus owns more than 75 per cent of the debts and votes which means your vote really doesn't matter.

But there is ONE WAY, for those affected to GET BACK THEIR MONEY : RINGGIT FOR RINGGIT  AND NOT RM10 FOR EVERY RM2000 YOU PAID THE AIRLINE.

With the Melaka election coming soon, I am  sure Najib Razak can use all his influence to ensure that the RAKYAT who bought those tickets are treated in  the same manner as Malaysia Airports.

As we all know

Malaysia Airports is owed RM78 million and they are a SECURED CREDITOR,  which means they get paid in full. 

Don't  you think that you too deserve to be a SECURED CREDITOR?