How true is this??
EPF IN BIG TROUBLE SEE FOR YOURSELVES AND LET ALL EPF CONTRIBUTORS KNOW.
Will you get back your EPF money?
One of the largest funds in the world – RM 440.52 billion Represents the life savings of 12 million Malaysians BN govt already spent 60% of the people's savings 23 June 2011, EPF said that 60% of its funds have been borrowed by the Malaysian govt. Dec 2010, the govt still owes EPF about RM 240 billion.
This means the BN govt has already spent 60% of all your savings. DO YOU THINK you will get your money back? See the chart (attached). 2012 will mark the 15th year of budget deficit with no sign of financial smarts. The Constitution of Malaysia caps govt debt at 55% of GDP. As of 30 June 2011, govt debt stands at 53%. When it touches 55%, the BN govt will officially be in crisis and the Constitution may need to be changed to increase borrowing and possibly require a bailout.
What happened to Greece recently?
They had to write off 50% of outstanding govt loans. Just imagine if EPF is asked to take a 50% cut of outstanding debt owed by BN. More than half your EPF money will be lost, and you just have to accept it, after 40 years of working.
Greek Tragedy from Malaysian Travesty? See the attachment for more info.
http://www.malaysiaeconomy.net/my_economy/gov_invest_corp/epf/2011-10-28/13762.html
http://zh-tw.facebook.com/permalink.php?story_fbid=177122012378590&id=142685005806382
2 条评论:
i heard this crisis before. but as a citizen what can we do to prevent this to happen?
change gov change yr life.
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