Pandangan Tun Dr.M tentang FOREX

[no trade]

derang rugi sbb men masa news kottt hehehe..sapa suruh x nak belajar kat masta2 cg ni kan dah rugi.

 

[hgt422007]

ko tau mana dia takdak duitttt..
duit simpanan dia tu pon blum tentu bleh habis samapai 7 keturunan ))

lebih lagi....

 

[sakuragi fx]

Antara komen yang menarik dalam blog chedet tu..
Some info on Bank Negara's forex scandal:
In 1995, a book on international high finance, The Vandal’s Crown by Gregory J. Millman had this to say about the Bank Negara forex scandal:
"Using all the resources a central bank commands - privileged information, unlimited credit, regulatory power, and more - Malaysia’s Bank Negara became the most feared trader in the currency markets. By trading for profit, Bank Negara committed apostasy against the creed of central banking. Instead of working to ensure global financial stability, Bank Negara repeatedly shoved huge sums of money into the most vulnerable market situations in order to destabilize exchange rates for its own profit" (p.226)

"(Bank) Negara operated behind a thick veil of secrecy. The bank seldom spoke publicly about its controversial trading activities. Yet it was increasingly clear to foreign exchange traders that Bank Negara’s operations in the foreign exchange markets went far beyond simple self-defense. It became the most awesome currency trader in the world." (p. 227)

"(Bank) Negara’s market manipulation was so egregrious that one American central banker said, ‘If they tried this on any organized exchange in the world, they’d go to jail.’ However, in the unregulated international currency markets, there were neither police nor jailers. The only rule was the rough justice of the vandals, and it was this rule that eventually brought (Bank) Negara down.

"In 1992, (Bank) Negara took on a large pound sterling position, apparently expecting Britain to maintain the discipline required by the European Exchange Rate Mechanism. It was a bad economic and political judgement. (Bank) Negara lost approximately $3.6 billion when Britain withdrew from the ERM, letting sterling collapse. The next year, (Bank) Negara lost an additional $2.2 billion. By 1994, Bank Negara was technically insolvent and had to be bailed out by an infusion of fresh money from Malaysia’s finance ministry." (p.229)

Giler kentang... Kene Margin call camtu skali...
5.8 Billion tuh... Kalo dorg guna untuk bantu org miskin kan bagus..

 

[Arrigo]

hmm check a few fact before start to comment. What Tun Dr M mean is what Sorros do is effecting the fundamental economics of a country which is in macro economic is wrong. It should be fundamental economic factor effecting the forex market not the other way around. How did sorros manage to do that because the bank/ banks give him a credit bigger than what a developing nation can get a loan from a bank.

Study what Obama rescue plan toward the the US economic, u guys will find out that all the thing that Obama do now is exactly what Tun Dr M do in 1998 to rescue Malaysia Economics albeit in bigger scale ( To rescue Malaysian Economic Tun have to spend about 10 billion where else for US economic Obama need to spend more than a trillion ). That is why Obama have been attack by lots of western economics scholar.

The fundamental capitalist economic theory believe ( the key word here is believe ) let the market decide the outcome, but for small nation they can't afford that. ( Obama agree with that hence the same step is taken ). When JP Morgan collapse with 700 billion did u guys know what is the effect to the US economics? That we talking about the biggest economic. For our country a company like MAS about 1 billion in value will trigger a domino effect on the economy up to ppl who supply the plastic bag to the MAS will close down, and some ppl think it is easy ..

 

[atlantis]

some people never learn..
bkn pak det. tapi bnm