This is a very grim picture of what can happen to a country when a rogue government lay waste to an economy subjecting its people to hardship for a very long time to come.
The apparent sweet solace to Malaysian pensioners is that pensions come under 'tanggungan' which the government of the day is obligated to pay.
However, like in the case of Greece, I believe when a hair-cut is demanded from every citizen, it will be across the board.
So Malaysian pensioners, beware!
Wednesday, February 22, 2012
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