Monday 27 February 2017

RM10.5 Billion. Don't Speak

Is the 1996 massive hit for No Doubt, taken from the album tragic kingdom.

By all accounts, I am a nobody, nor am i a trained economist, but months ago, when Bank Negara Malaysia, started crimping the NDF trades, I had warned, the move, could well place this nation on the tragic kingdom list.

With foreigners holding of Malaysian government held bonds falling to 46 per cent from 51 per cent, there is a huge "don't speak" on what is going to happen in the middle of next month.

Come mid March, the central bank must be held responsible if foreign funds pull out the RM10.5 billion, that is up for redemption.

The governor of Bank Negara Malaysia must resign because instead of helping the government of NAJIB Razak, He has become a clear, present, and dangerous walking liability.