Fools' Paradise

(BERNAMA) - The Employees Provident Fund (EPF) needs to set up a Housing Bank, to provide financing for contributors whose housing withdrawals fall short of the purchase price of their house, said the Federation of Malaysian Consumer Associations (Fomca).

Its president, Datuk N.Marimuthu, said that such a facility would be useful especially to the lower-income group, and overcome the need for the contributors to borrow from banks which imposed high interest rates.

In welcoming the EPF's six per cent dividend for 2011, Marimuthu said it was a sign that the economy had been picking up.

"We are glad the dividend is higher. It is important to maintain a strong investment return even as the membership keeps growing," he added.


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written by ck, February 20, 2012 13:15:57

Fools' Paradise

"In welcoming the EPF's six per cent dividend for 2011, Marimuthu said it was a sign that the economy had been picking up"

Indians are the biggest buyers of gold in the world for decades (only to be surpassed by the Chinese the last few months). The reason why Indians and Chinese do that is because they know from experience that governments can 'print' paper money without end resulting in the devaluation of those 'monies' over time. In other words, governments steal their people's wealth by printing money and giving those 'new' money to themselves and their cronies to use.

Since 2007, the price of real stuffs like gold, silver, platinum and oil had more than doubled. The prices of those things had gone up so much because thieving governments had printed a lot of money since then (supposedly to save the global economy) and smart people holding those stuffs are refusing to part with them unless they are paid more and more of those toilet papers.

If workers' money in EPF were used to buy gold or any of the real stuffs above their value would have more than doubled over the last 4 years (or about 20% return or dividend per year)! Instead, that idiot above thinks that people giving him 6% dividend is so great and a 'sign that economy is picking up'.

That fool does not know that receiving a high dividend is a sign that the thieving government had printed so much money that they can afford to give workers which he represents more of the more worthless money known as Ringgit!