'Indonesian Finance Minister: Indonesia will seek to shield itself from the spread of any financial contagion from Malaysia'
“We are worried about the contagion effect,” Bambang Brodjonegoro told Reuters in an interview."
>>Read More Here@MI<<
If WW3 were to break out sooner than later,.....Where will we stand? Which Superpower will we side with? And how will we fare economically?.....Things to ponder
Links below.....read more....
Putin Drafts 150,000 Conscripts into the Russian Military
"Vladimir Putin has signed a decree drafting nearly 150,000 conscripts into the Russian military as Moscow's warplanes unleashed a new wave of airstrikes in Syria."
>Read More Here<
'IRAN TROOPS READY'
"Hundreds of Iranian troops have arrived in Syria in the last 10 days and will soon join government forces and their Lebanese Hezbollah allies in a major ground offensive backed by Russian air strikes, two Lebanese sources told Reuters."
RUSSIA BOMBS ISIS
According to my remisier, MBSB is on merger talk with Bank Muamalat, second Islamic bank in Malaysia.
I had sold my MBSB earlier, now thinking of collecting again.
Jok! Jok! OK
'MBSB gets nod for merger' >Read Here<
Merrill Lynch economist: "Unlike 1997, falling ringgit not boosting exports"
"He offered three reasons for the lack of export growth this time........."
>>Read More Here<<
BTW,.....you don't need to read this guys warnings.....they just scare you, so you'll buy their books
'Gerald Celente – WARNING: Ignore The Rally As Market Meltdown Is Imminent'
>>Read Gerald Celente's Views<<
[QUOTE=kuma;597220]Yea! Go For It! .......Better hurry, global market rally is on....and there are many, with.....'Guts' I suppose
Jok! Jok! OK
'MBSB gets nod for merger' >Read Here<
For those who can fathom the implications of this
Report @ZeroHedge based on Australian Bank Macquarie's report this morning.
'Chinese Cash Flow Shocker: More Than Half Of Commodity Companies Can't Pay The Interest On Their Debt'
>>Best Read In Full - Click Here To Read<<
"We fully expect this to be the source of the next market freakout"
'Malaysia, Vietnam shares up; Indonesia on five-week high'
I wonder if this song fits the post
"Every gambler knows
That the secret to survivin'
Is knowin' what to throw away
And knowin' what to keep
'Cause every hand's a winner
And every hand's a loser
And the best that you can hope for is to die
In your sleep"
I bet some are wondering....why is this post [and similar earlier] here on a Thread about the Ringgit? ...........because 'what's close to accidentally/otherwise happening' will impact it and economy.....we just don't know which way yet
With the way things are rapidly evolving.....A new Thread perhaps
BBC: Russia violation of Turkish airspace 'no accident'
"Russia's violation of Turkish airspace over the weekend "does not look like an accident", Nato has said."
'This Is How Close US And Russian Jets Are To A Dog Fight Above Syria'
'A radar map lays this out best: the yellow aircraft are Russian, the green are American'.
"About 20 miles"......"Go ahead and start the countdown to an "accident", false-flagged or otherwise."
>>>Read More @ZH<<<
Some relief....."While it’s far too early to know whether this is a dead cat bounce or a meaningful reversal"
'Ringgit Reversal Catches Traders Wrong-Footed'
'Ringgit surges 4.6%, headed for biggest advance since 1998, to 4.1833 per dollar'
"Trade data came in favorable for Malaysia as the country recorded its largest surplus in nine months, sending the ringgit surging."
Here’s Barclays with the rundown: >>Read More @ZH<<
From Article - In closing:
“We are still in a very cautious environment for emerging-market currencies and unless there is a sharp turnaround in commodity prices or capital flows, I still think there’s going to be pressure on the ringgit and the rupiah."
UPDATE: The war in Syria and how close we are to WW3
'ESCALATION: RUSSIA FIRES CRUISE MISSILES INTO SYRIA'
They fired missiles from ships in the Caspian Sea - over 1500KM on to ISIS positions in Syria
'Syrian forces begin ground offensive backed by Russia air and sea power'
"Russia’s Caspian Sea fleet on Wednesday launched a complex cruise missile strike against Syrian rebels from nearly 1,000 miles away, a potent exhibition of Moscow’s firepower as it backs a government offensive in Syria’s multi-faction civil war."
>>Read @Washington Post<<
'Syrian Crisis: What Will Happen Next?'
"The question today is merely one of timing. How long before a negative trigger is introduced?"
"How long before Israeli planes come into contact with Russian or Iranian fighters? How long before U.S. troops come into contact with Russian troops? How long before Israel or Saudi Arabia strike Iran? And if the U.S. backs out completely, how long before the entire dynamic of the Middle East is flipped and America loses petro-status for the dollar?"
"With the speed of events forming a fiscal-political riptide, it is hard to imagine we will be waiting very long to find out."
>>Best Read IN FULL HERE<<
'Dollar Demolition Extends To 6th Day As EM/Asian FX Soars Most In Over 6 Years'
"The Rupiah and Ringgit are up almost 3% overnight as everything from the Baht to the Won are surging against the USD."
Might as well.....The 'Doom Doctors' are not letting up, they still believe...
'Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?'
"The warnings are getting louder......Is anybody listening? "
"The IMF is actually telling the truth in this instance. We are in the midst of the greatest debt bubble the world has ever seen, and it is a monumental threat to the global financial system."........"The Bank of England, the UN and the Bank for International Settlements have all issued similar ominous warnings."
"But something else happened just yesterday that is also extremely concerning........."
>>Read In Full Here<<
Hmmmm.....Wonder what's our exposure?....And I ain't referring to cameras
The question to be asked is : should the sh!t hits the fan and things really fall part worldwide.... what would you want to be caught holding?
1. Cash? In what currency? USD, Ringgit, AUD, SGD or Sterling or Euros?
2. Assets like houses... blue chip shares....
3. Or plain Gold Bullions i.e. those 100gram Credit Suisse issued ones of course
I don't think many even think about it.... leave alone prepare for it until it actually hits the fan....