Update : Ringgit Sinking Non Stop : 4.17 Already. KLCI Down At Opening

There are many reasons why the Ringgit is just falling and falling. The morons have messed up the economy.  

There is less value in Malaysian exports.

Did you know that we are the only country in ASEAN that exports raw, unprocessed commodities? I am talking about iron ores, bauxite and stuff. It is exported out straight from the mines. No extra value added. Like a real Third World country.  

While the rest of the world is moving up the technology ladder, our workforce (1.5 million illiterate or semi literate Banglas) and our SPM leavers (English pass not compulsory) are becoming the mainstay of our economic prowess.  

One tonne of exported  palm oil earns about RM2000 (I think). One tiny imported I Phone costs us over RM2000. You have to export a shipload of palm oil from Malaysia in exchange for a few boxes of I Phones.

We have been shipping palm oil for decades. I Phones appeared just yesterday. So our currency will keep dropping. Our gomen has not been able to move our people up the value added curve in sufficient quantity.  Here is the really bad news : they dont know how.

We will have to export more palm oil.  

Hov arr you? Ay-yam from Bangladesh.