THE Fahmi Fadzil friendly, Iswardy Morni's VIEW : explaination of the decline in value of the Ringgit is naive at best, but when he starts talking about the Brunei Dollar, it becomes nothing short of an IDIOT at his very BEST.
FOR those who are interested to know,Brunei never did pull out READ : 1967 Currency Interchangeability Agreement with Singapore, and to-date it remains the only such agreement in place across Asia.
NOW, back to Iswardy Morni's naive schoolboy text book explaination that the sell down on the Ringgit has all to do with the US economy and US interest rates
IF the above statement is true ( ps I am not stating that the US economy and interest rates are not crucial factors that determine the value of our Ringgit), why is it READ : Only in February 2024, did the Dollar-ringgit forward points had an awkward rise, averaging around 184 basis points for the month of February, the highest on a monthly basis since March last year
YOU don't need to Albert Einstein to figure out that the word was already out that, READ; Aman Palestine's top officials had funneled donation money to Hamas by using the same company ,which owns Aeronerve, a drone company that had risen to power during the BERSATU/PAS Government rule.
AND when word did get out, it was much more nerve wrecking than we had expected, READ : CEO Aman Palestin antara tiga nama dalam senarai pengganas FBI.
ALTHOUGH, the Malaysian police did clear the AMAN Palestin CEO of the terrorism charge, Home Minister Saifuddin Nasution dropped a BOMBSHELL
A BOMBSHELL, which the Malaysian traditional and on line publication passingly published without knowing its SIGNIFICANCE.
READ ; Hamas threatens revenge against Israel for killing of drone and rocket expert in Kuala Lumpur
SO basically , the FBI had placed the Aman Palestin CEO on the list due to the Hamas International Financing Prevention Act, aimed at cutting off financing to Palestinian militant groups.
THE act according to the Straits Times Press , READ : could have either limited, or devastating impact on the country's financial markets and economy, depending on the seriousness of the US in enforcing the bill,
AGAINST this backdrop, Malaysia will be playing a very dangerous game of Russian roulette, if it continues to allow Aeronerve to roam freely on Government sanctioned paddy fields.
DOES this mean that Agrenerve had some something wrong? Like I said last week, READ; it really doesn't matter because the Americans will do what they are infamous for ; Shoot First and Ask Questions latter, and that Ptime Minister should not bite the bullet for a mess created by PAS and BERSATU
