MCA-BN always tell Malaysians that Singapore, Japan and
others are worst that Malaysia (Singapore has higher debt), But i like to make
a compare. Singapore has higher reserve though the debt higher than Malaysia.
Just like we loan RM1 but we have RM100 in bank compare to we loan RM0.8 but we
only have RM1 in bank. which 1 is worst.
Please refer the links below:
1. From IMF about Singapore and Malaysia FOREX reserves:
Malaysia FOREX reserves (USD140B):
http://www.imf.org/external/np/sta/ir/IRProcessWeb/data/mys/eng/curmys.htm#I
Singapore FOREX reserves (USD259B) :
http://www.imf.org/external/np/sta/ir/IRProcessWeb/data/sgp/eng/cursgp.htm#I
2. Malaysia and Singapore national debts
Malaysia Debt (USD160B) :
http://www.nationaldebtclocks.org/debtclock/malaysia
Singapore Debt (USD 310B) :
http://www.nationaldebtclocks.org/debtclock/singapore
3. Malaysia and Singapore Sovereign Wealth Fund (SWF):
Malaysia SWF (USD39B) : http://en.wikipedia.org/wiki/List_of_countries_by_sovereign_wealth_funds
Singapore SWF (USD 405B):
http://en.wikipedia.org/wiki/List_of_countries_by_sovereign_wealth_funds
Conclusion : Net Value as followed
For Singapore : USD405B - USD310B = USD 95B
For Malaysia : USD39B - USD160B = - USD 121B
That's the reason that we are at the edge of BANKRUPT that
BN dare not tell we all Malaysians, maybe this is the reason, Dato Seri Jala
said Malaysia might bankrupt in 2019 in the very first place.
P/S: it is not so accurate to judge a country's financial
condition with FOREX reserve as every country has different condition,
financial strategy and plan. Use SWF (actual fund own by a nation) to judge a
country financial might be better.
SWF explanation : http://en.wikipedia.org/wiki/Sovereign_wealth_fund
Dear Economist, please point out any mistake that i made, i
am learning as well.