Failed Nation - a book

Went to Popular Bookstore and pick up this book and without a second thought, rush to the counter and bought it.

Text below is from an email circulating around. So what below is NOT my writing and is NOT my stand. Just want to share while i am reading the whole book.




Good morning all,
Those who started work around 1973,
a 1.3 Litre Japanese car was RM 7,000
Today the equivalent let's say it is RM 60,000...........8.5 times

In 1973 a double storey house was about RM 45,000..or less
Today it is about RM 300,000............6.6 times

In 1973 an Engineer's pay was RM 1,000
Today it is about RM 2,000 +/-............2 times....

From 1973 to 2008........35 years......what is the Trend.?
Bearish !!!!
In a stock market when the trend is bearish , what do we do?..Exit !!!

When a country's trend is bearish what do we do?
This Bearish trend is more difficult to turn around as compared to the
stock market.

I have used these 3 items House, Car & Salary as a measurement of the country' s
performance for the past 35 years....

There is a book I saw in MPH bookshop entitled :
Malaysia: The Failed Nation
some of you may be interested to read up.

I agreed with the writer.....

This morning I was having Coffee at McDonald ( now the coffee..100 %
Arabica beans..is quite good@ RM 2.90....free refill !!. I asked how
much per hour is their pay?
RM 3.00 ! x 8 hours = RM 24 per day... x 25 days = RM 600 per month
My daughter works part-time during her University days..she worked at
Gloria Jeans Coffee
..the pay Australian $ 14.00 ( @ 3.15 = RM 44 per hour.....x 8 = RM
352 per day !!! x 25 days = RM 8,800

13.3 times more !!!!! ......Price of houses in Perth is about the same in KL
Price of cars are about 23 % cheaper...in Perth. ( Australia )

I think more and more people are becoming aware of this Bearish trend.
Developed country by 2020?...means High income country
Let's look at some as of year 2005 ( Financial Times )
USA GNP per capita US$ 35,400
UK GNP per capita US$ 25,510
Australia GNP per capita US$ 19,530
Singapore GNP per capita US $ 20,690
These are developed countries by income measurement

Malaysia GNP per capita US$ 3,540
Year 2020..developed country?

Really...a sad story.

Worrying Trends, isn't it??