Another open letter that i received via email which echo’s the voice from the streets :
Malaysia from before and now, When we started work around 1973 a 1.3 Litre Japaness car was RM 7000.Today the equivalent let’s say it is RM 60000…………8.5 times
In 1973 a double storey house was about RM 45,000…or less.Today it is about RM 300,000…………6.6 times
In 1973 an Engineer’s pay was RM 1000.Today it is about RM 2000 +/-…………2 times….
From 1973 to 2008……..35 years……what is the Trend.? Bearish !!!!
In a stock market when the trend is bearish , what do we do?..Exit !!!
When a country’s trend is bearish what do we do?…..?This Bearish trend is more difficult to turn around as compared to the stock market.
I have used these 3 items House, Car & Salary as a measurement of the country’s performance for the past 35 years….
There is a book I saw in MPH bookshop titled Malaysia: The Failed Nation.Some of you may be interested to read up.
I agreed with the writer…..
This morning I was having Coffee at McDonalds ( now the coffee..100 % Arabica beans..is quite good@ RM 2.90….free refill !!.I asked how much per hour is their pay?
RM 3.00 ! x 8 hours = RM 24 per day… x 25 days = RM 600 per month
My daughter works part-time during her University days…she worked at Gloria Jeans Coffee. The pay Australian $ 14.00 ( @ 3.15 = RM 44 per hour…..x 8 = RM 352 per day !!! x 25 days = RM 8800…….. 13.3 times more !!!!! …
Price of houses in Perth is about the same in KL.Price of cars are about 23 % cheaper…in Perth.( Australia)
I think more and more people are becoming aware of this Bearish trend.
Developed country by 2020?…means High income country
Let’s look at some as of year 2005 ( Financial Times )
USA GNP per capita US$ 35400
UK GNP per capita US$ 25510
Australia GNP per capita US$ 19530
Singapore GNP per capita US $ 20690
These are developed countries by income measurement
Malaysia GNP per capita US$ 3540
Year 2020..developed country?
Really…a sad story.Worrying Trends, isn’t it??????
Ringgit sliding further and further under BN
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