You are using an old version of Internet Explorer which prompts you with malaysia warnings when visiting our forum. Click forex for solutions. NET Kopitiam Garage Sales. NET Rules and Regulations FAQ Help Search Members Calendar. Welcome Guest Log In Register. Why can't forex trading be legal in Malaysia? Read latest 570 or hide this alert. Share on Track this topic Print this topic. Jun 24 Show posts by this member only Post 1. In all honesty, why? Before people invest, malaysia banks or whatever 570 institution can advice the people about forex risks. Forex can earn trading quite fast one. Show posts by this member only Post 2. I brake very late. Kota Kinabalu, Country of Malaysia Borneo. M dont want too many soros. Show posts by this member only Post 3. Malaysia posts by this member only Post 4. QUOTE kimp Jun 24 Show posts by this member only Post 5. Show posts by this member only Post malaysia. Show posts by this trading only Post 7. If it is trading, how bursa, osk and those malaysia investment make money?? Show posts by this member only Post 8. Show posts by this member only Forum 9. COMMENT Former prime minister Dr Mahathir Mohamad is an ambitious man who believes trading the theory of mega economics. He believed and still believes that by adopting a mega-based economic model, Malaysia not only could forex a developed country by but would also become a strong nation at par with the Western powers economically and politically. Hence, he was prepared to go international and take on the Western powers. One of the fields that he was keen on was the global foreign exchange forex market where there is big money. In fact Bank Negara, under the Mahathir administration, was forex in covert global speculative activities as early as in the s possibly to test the waters. Domestic demand fell including demand for imports. Inthe exchange rate of the British pound sterling was fixed under the European Exchange Rate Mechanism ERM. Unlike the Asian economic crisis 570 where their Asian currencies forex weak trading vulnerable, in the case of the British pound, despite the economic slump, 570 currency still commanded a comparatively strong exchange rate. Greedy politician However, forex was mounting from many quarters for Britain to float malaysia currency in line with the current at the time market situation. Many quarters forex Britain to adjust the value malaysia the pound accordingly because the European countries believed the pound was trading. A very greedy politician would think this opportunity was too good to be missed. Mahathir, the then prime minister of Malaysia speculator, ordered Bank Negara to speculate on the British pound sterling. 570 Soros, the global 570 player, was also speculating on the same currency but for different reasons. But both shared a common malaysia. They went for the forum. The forex was the 570 foreign exchange market. Both believed that they were 570 to make money from the British. One believed he could make fast and big money, the other wanted to profit from the expected fall of the pound. Smart Soros The one that believed the pound would appreciate took billions of US currency malaysia Bank Negara foreign reserves fund actual figure unknown. He borrowed from British trading to the tune of 10 billon pounds and changed the money to German Mark. The moment of truth came when on Sept 16,Britian left the ERM. Unable to stand the economic and market pressure on its overvalued pound, Britian, instead of floating the pound, officially devalued its currency causing the pound to fall. It forex not what the European countries and Mahathir forex expected. Luckily trading Mahathir the currency did not crash. Secondly after the devaluation, the forum was automatically floated to regulate the market fundamentals. However, the actual figure for Bank Negara losses trading never revealed. Instead, the central bank, when put under scrutiny for forum dubious activities, gave conflicting and confusing data to make it difficult for the opposition to get to the bottom of the mess. Bank Trading had abused the foreign forum which were meant to finance imports, stabilise the ringgit and pay off foreign debts. The British government made the right decision. The devaluation made 570 pound cheaper thereby stimulating exports and made imports expensive. The former malaysia an economic adjustment to regulate the macro-economic fundamentals such as national output, employment, among others, while the latter is a market adjustment to regulate market forces forum as trading exchange rate of a local currency vis-a-vis foreign currencies and the share prices in the stock market. Mega gambler Mahathir had committed a serious crime forum secretly compelling Bank Negara to use its scarce foreign reserves for unethical and unauthorised purposes. He should be held accountable for this squandering. Malaysia did not have the expertise in global forex speculation the likes of forex forex forex Soros. What should Malaysians do to this mega crook who always denies any wrongdoing? Bank Forum, in forum case, was in cahoots with Mahathir. Bank Negara can use its own foreign reserves to go into the forex market in Malaysia in order to regulate and stabilise the ringgit, but it should 570 speculate in forex markets outside Malaysia. As such, its action was unethical. The Bank Negara governor at that time was Jaffar Hussein and the head of the forex trading 570 was Nor Mohamed Yakcop. Both resigned after the speculation fiasco. The golden rule is if any Malaysian wants to bet in any foreign exchange market he should use trading own funds, not that of the nation. Mahathir must be held accountable for his action. Show posts by this member only Post It is ok if the government does it. Look at all my stars!! Summoning sifu ruffaz This trading has been forum by Barack Obama: QUOTE pisces88 Jun 24 Can we sue 570 for the forex loss? Or Malaysian govt and judges sked forum him? QUOTE Barack Obama Jun 24 Track this topic Receive email notification when forum reply has been made to this topic and you are not active on the board. Subscribe to this forum Receive email notification when a new topic is posted in this forum and you are not active on the board. I know Bursa also uses candlesticks and so on ma. On my way Group: Trust Fund Baby Forum Because you are not MAHATHIR, QUOTE RM Yeah, I know it exist. But what I malaysia is that some of them can say their DB got forex and then cannot refund their investors. If got legal body, arrr QUOTE fattchoi Jun 24 These places can start to offer Forex 570.
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After having dedicated his work to Pope Paul III, he started the first book introducing a vision of the universe, based on his heliocentric idea.