Assalamualaikum and a very good day to all.
1. I am very pleased to announce this new section which I called "What If" section. Just to discuss the alternative scenario had this happened instead of the actual scenario.
2. For the first issue of this section, I would like to discuss with all of you what if back in 1998 the prime minister of the time, Dr. Mahathir had pegged Ringgit equals to US dollar (USD1 = RM1) instead of USD1 = RM3.80.
3. What the outcome would have been? Will our companies become instantly richer than before the Asia economic crisis engulfed in almost all part of Asia back in 1997? Will our people have more buying power than before?
4. Or will our economy collapsed worse than ever by discouraging the foreign investors from coming into Malaysia? Or will we be forced to take a loan from IMF by this action?
5. My opinion: the local companies will be able to take over many other failing companies and the local economy will not be dependent on foreign investment as the power of the currency is high. And the buying power of the people increased as the value of money increased and we can get foreign espertise easier as with higher value of ringgit.
6. So what are your opinions instead? Just think.
