Blackbeard

  1. Harga emas dijangka cecah paras tertinggi awal 2021

    KUALA LUMPUR: Harga emas dijangka melonjak ke paras tertinggi dalam sejarah dalam tempoh enam hingga sembilan bulan akan datang, demikian menurut Citigroup. Kumpulan perbankan itu dalam laporan tinjauan komoditi suku ketiganya berkata, ada 30 peratus kemungkinan bahawa harga emas akan melepasi AS$2,000 seauns atau lebih RM300 segram dalam tempoh tiga hingga lima bulan lagi. "Harga nominal emas sudah mencatatkan rekod...
  2. Malaysia 2018 Budget: Is there any financial restraint?

    Malaysia 2018 Budget: Is there any financial restraint?
    PETALING JAYA: The Government is expected to exercise financial discipline even though the coming budget, which will be unveiled tomorrow, is the last one before the next general election. Economists said Prime Minister Datuk Seri Najib Tun Razak was expected to target a lower federal government budget deficit compared with 3% this year. “The overall debt levels are also expected...
  3. Iran Should Go For Gold, Not A Currency Reform Illusion

    Iran Should Go For Gold, Not A Currency Reform Illusion
    Last December, the Iranian government of Hassan Rouhani passed a bill to change the name of Iran’s national currency from the rial to the toman. This would require a redenomination in which one zero was lopped off Iran’s unit of account, as 1 toman is equal to 10 rials. Without a change in the monetary and exchange rate regime, the...
  4. Venezuelans turn to Bitcoin to escape currency crisis

    Venezuelans turn to Bitcoin to escape currency crisis
    By now, most Americans are familiar with the economic basket case that is Venezuela. The country’s economy has collapsed, leaving the population desperate and starving. The human cost is highly visible and tragic, but what gets less attention is the way in which the government has destroyed the country’s currency, thereby making it impossible for citizens to buy basic necessities...
  5. Degenerate Dutch Father Forces Family to Sell Everything So He Could Trade Cryptocurrencies

    Degenerate Dutch Father Forces Family to Sell Everything So He Could Trade Cryptocurrencies
    This is akin to a family of five selling their home, cars, and personal belongings, in order to finance Dad heading off to Vegas in order to play the fucking slot machines. What can go wrong, after all? Bitcoins only go higher. Source: CNBC Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The...
  6. The perfect economy right now 'is exactly when things may go wrong' warns major bank CEO

    The perfect economy right now 'is exactly when things may go wrong' warns major bank CEO
    Low rate environment puts banks under pressure, ING CEO says from CNBC. The CEO of a major European bank offered a stark warning for his industry on Thursday, suggesting that years of accommodative policy by global central banks could quickly turn sour. Low interest rates have been supportive for the world economy, according to ING Group's Chief Executive Ralph Hamers, but banks...
  7. Here's Why Malaysians Can't Afford a House

    Here's Why Malaysians Can't Afford a House
    Malaysia’s central bank has a response to those saying it needs to do more to spur home loans: houses simply aren’t affordable. Bank Negara Malaysia has created a website packed with data aimed at debunking the “myth” that access to financing was deterring home ownership, showing that loan approvals for key cities are near 70 percent or higher. The central...
  8. Islamic banks; Are we discussing the real issue?

    This week alone, I came across a few articles and tutorial videos from prominent figures in our country. One side was arguing that the aqad of specific transactions practiced by most Islamic banks are prohibited or haram, while the other side is advocating the current practice of Islamic banking. Unfortunately, none of the scholars ever mentioned the problem lies with...
  9. Ringgit in spotlight on OPEC deal, Trump's cue

    Ringgit in spotlight on OPEC deal, Trump's cue
    KUALA LUMPUR (Jan 23): Malaysian shares and the ringgit may take the cue from US President Donald Trump’s policies and crude oil prices. This followed Trump’s inauguration last Friday and the weekend meeting between the Organization of the Petroleum Exporting Countries (OPEC) and other producers, which agreed on a method to verify supply-cut compliance. The agreement is crucial to support...
  10. Soros Says Markets to Slump With Trump, EU Faces Disintegration

    Soros Says Markets to Slump With Trump, EU Faces Disintegration
    It’s tough to be gloomier than billionaire George Soros right now. America has elected a would-be dictator as president, the European Union is disintegrating, U.K. Prime Minister Theresa May won’t last long as her nation prepares to secede from the EU, and China is poised to become an even more repressive society, the investor told Bloomberg Television’s Francine Lacqua from...

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