Its been revealed just literally hours ago Bodohland is now officially a net oil importer confirming reserves have dwindled. Half their federal budget is funded by oil export revenue. Less than 10% of the working population pay income tax. Their civil service is massively under-employed and will grow worse as the regime has to absorb otherwise unemployable almost entirely malay graduates. Manufacturing is dying as MNCs relocate to larger economies with less red tape and lower cost of production. Rent seeking is killing free enterprise, forcing costs up to benefit a mere few parasites. Meanwhile, kleptocrats from the ruling regime are moving tens of billions of dollars of their ill gotten gains offshore, buying multimillion dollar properties in North America, Europe and Australasia as well as stakes in foreign public listed companies. They already know their days are numbered. Those of us who are eligible should now close their EPF accounts - its just a matter of time before gargantuan bailouts of an unimaginable scale occur to save the hides of parasites and their patrons.
Posted on: Thu, 22 Jan 2015 07:21:54 +0000
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