Wednesday, 22 October 2008

A grand proposal

And so our new finance minister announced new measures to preserve our economy. I thought our economy is the only economy in the world which is not and will not run into a recession? Hmmmmm….

And so RM5b (that’s RM5,000,000,000) will be allocated to this company called ValueCap to buy undervalue stocks. You mean the shares in our stock market are worth more than what they are now? Hmmmmmm…..

Wait a minute…

The RM5b (that’s RM5,000,000,000) will not coming from the govt, which means the RM5,000,000,000 will not be coming from taxpayers’ money pool. Instead, it will be coming from EPF!!!! WTF!!!

It will be RM5b (that’s RM5,000,000,000) our O.U.R. money!!!

I have a grand proposal…

Why don’t they give the RM5b (that’s RM5,000,000,000) back to us since it’s our money and we use the money to invest in the stock market. I am sure that will be more “effective”. What say you?

After all, one will wonder how much of the RM5b (that’s RM5,000,000,000) will actually be used in buying undervalue stocks.

23 comments:

Life for Beginners said...

There goes my EPF... *groans*

leyaw said...

So now is the right time to buy into stocks of UMNO-link companies? Or rather Najib-linked company

Anak Merdeka said...

Do you wonder as I do, why the govt is not asking RM5b from Petronas but instead digging into the rakyat's savings in EPF?

myop101 said...

dear zewt,

i wonder what is so special about value cap in terms of picking their portfolio investments...turns out EPF also invest in those companies they invest in...:P

as for giving back the RM5 billion, we can slowly wait la...

Jed Yoong said...

Good idea.
Want to upgrade my laptop....
That's still consumption and we have the C multiplier???

Hey what happened to ur post on ur Oz visa? When do you go? Hope u organise some gathering that we can go to.

PurpLe~MuShRooM said...

This country is run by a bunch of monkeys who think like one.

frostee said...

Spot on dude. It's our friggin $$$ and I thought EPF has proper procedures in determining what and who they invest in. Now the Finance Ministry dictates to the EPF on who EPF should give the money to and how would we, the public know how ValueCap is goin to invest that RM5 billion???

Why go through ValueCap when EPF can do the investment themselves? I smell a rat and it stinks to the core! There goes our EPF $$$!! Crap! Crap! Crap!

amanda said...

RM 5 billion.. maybe half of it will go to "duno who" pocket liau lo.. haih..

j or ji said...

kurang ajar punya government! ambik duit gua tak mintak dulu!

Anonymous said...

kasihan je our old parents

Anonymous said...

how about kenchana, opcom and konsortium shares?

Seaqueen said...

Does this mean that we're doomed? All pensions gone? Then again, I'm sure the govt will try to find any means and ways or reasons for any miscalculation or mistakes should the RM5b be burnt.

CSK said...

I cannot verify this, but i got it from malaysiafinance.blogspot

You cannot afford to ignore Nouriel Roubini nowadays, especially since he has been so correct over the past 12 months. Roubini has now latched onto the risks spreading to emerging markets' debts and balance sheet frailty. First thing first, Malaysia is not on the list (phew), but Indonesia, South Korea and India are.

This crisis facing the American and European are far bigger shits than 1997 asian economies. So i am sitting on the fence on this EPF money being pumped into the country's undervalued stock. Since common sense cannot even been shown by the world's most powerful country, maybe some funny people can make it right.

sooi2 said...

Seriously i had never heard of this company called valuecap until now. who's the CEO? a saudara of our finance minister?? FUUUUCCCCCCCCCCCCKKKKKKKKKKK!!!!

Just Jasmine said...

I'll give my $$$ to you and ask you to invest for me.....I trust you better, haha :)

Huei said...

HAAHHAHA

i wonder who's the owner of that "company"

again they stuff their own foot into their own mouth..sigh

msia...really...speechlessss

gina said...

Thought I could come here to read some Friday frolics... mana tau... sad news that the stupid gomen is going to use our hard earned money for their stupid bail outs.. and some more say the country is NOT in recession.

see said...

RM5 bil, thats RM200 per person, even then I still want that money, its ours after all

whoalse said...

5b is actually not much. Not much in the sense of supporting/investing/helping a business!! The govt, again, is contradicting itself by saying we are in good shape then having this "fund". It doesn't make sense to say Malaysian economy is still alright when all the big importing companies which Malaysia trade with are in recession.

ValueCap? sounds like Semi-Value co to me LOL....or the Value will forever be CAPPED at 5b max.

Alternatively, EPF should have only given the fund as preference share investment in ValueCap with fixed interest rate return of eg 10%pa payable yearly in cash (not shares, contracts, positions or anything else).

Now I wonder where our 5b will go to? Definition of undervalue companies should be made public since it involves our 5b. DEfinitely, this is a fishy decision and Rampant Corruptions are very much alive!!

jam said...

Our government is best at exploiting our money. Nothing else!

zewt said...

life for beginners - sigh... u think there's anything left?

leyaw - who says the 5b will actually enter the market?

anak merdeka - we all the reason... we just cant publicly say it.

myop101 - exactly... EPF could have invest themselves. why through valuecap?

jed yoong - nah... may not be going so soon due to economic crisis... stay here first.

purple mushroom - dont insult monkeys.

zewt said...

frostee - EPF... is fast turning into another good tool for them to get our money.

amanda - we know who wan...

j or ji - kalo mintak... you bagi ke? hehe.

anon @ 23/10 11.17am - kesien us as well ler.

anon @ 23/10 11.26am - kencana... won petronas contract... hmmm... tempting. but no thanks.

seaqueen - when we finally wanna withdraw... well... sigh.

CSK - yup... in 1997... asian crisis... america and europe no crisis... now... totally different ball game. no matter what, i prefer to hold on to my money.

zewt said...

sooi2 - hahaha... it has been there for a while... a lot of money being invested there already.

just jasmine - come... gimme haha...

huei - who's the owner??/ us!!! cos they are using our money!!!!

gina - have fun in melb and ignore this country for a while ler...

see - 200 bucks wont bring u far but it's still money ...

whoalse - it's not much... it's nothing really. the 5b to save the market is... well, u think they really wanan save the market?

jam - they are getting better.