New Definition of Poverty Level

The world is facing a very challenging time now.

With global financial system failed, many financial institutions collapsed bringing down with them many others... world economy trembled.

Cost of living is increasing... due to the inflation, higher fuel cost, weakening ringgit against dollar and other major currencies and even worse the household income remains [Read Here]

With weaker purchasing power, the mid class citizen are becoming poorer in this country. They are the majority Malaysian nowadays. Yes... majority of Malaysian live below the poverty line or at least very near to the poverty line - especially those who lived in big cities such as KL and Penang where the cost of living is much more higher.

Of course, if you check the government's stats, the needy is only less than 5% of the population... but lets check their definition of poverty... hey... is that what you defined 50 years ago?!! When the ringgit is still at par with Singapore dollar and US dollar is only RM2.30/$???

Well... hemm... hemm.

Sad!!

So what is the reason for all of this? Is it the government's fault? Or it's just a natural process of the modern world?

According to blog Technical Analysis on KLCI, everything is to do with the government (This guy must be an opposition supporter). [Read Here]

Hemm it's easy to finger pointing... but hey, think its both side's fault - the government and the opposition have their shares in destroying... or at least damaging Malaysian's wealth!