If this happens which country would be the "best" place to stay, Australia?

That's my point...
Onebuck, I wonder how you survive if no one provide food and clean water to you.
The things "before" and "after" is not as long as you expected.
People are not stupid. For instance farmer, nobody want to exchange something depreciate says like 20-30% tomorrow if hyperinflation happen.Imagine public people go to supermarket and buy anything they can as fast as possible before their money depreciates.Then who want to do business?hide in your house and eat the gold you just bought??? I am sure people will bring their gun to rob your gold.
no offence, just a simple illustration.

This post has been edited by foofoosasa: Sep 19 2011, 06:55 PM

Folks,

http://www.powerswitch.org.uk/portal/index...d=2079&Itemid=2

Lessons from Argentina's economic collapse

<< The third pyramid showed the communist society. Where arrows from the low and middle class tried to reach the top but they bounced off the line. A small high society and one big low society, cushioned by a minimal middle class section of pyramid. Then we turned the page and saw the darned fourth pyramid. This one had arrows from the middle class dropping to the low, poor class.

“What is this?” Some of us asked.

The teacher looked at us. “This is us”

“It’s the collapsed country, a country that turns into 3rd world country like in pyramid five where there is almost no middle class to speak, one huge low, poor class , and a very small, very rich, top class.”

“What are those arrows that go from the middle to the bottom of the pyramid?” Someone asked.

You could hear a pin drop. “That is middle class turning into poor”.

I won’t lie, no one cried, though people rubbed their faces, held their heads and their breath.

No one cried, but we all knew at that very moment that all we thought, all we took for granted, simply was not going to happen.

“You see, the income from the middle class is not enough to function as middle class any more. Some from the top class fall to middle class, but the vast majority of the middle class turns into poor” Said the teacher.

I don’t know how many people in that room suddenly understood that he/she was poor.

The teacher continued “You see, we have a middle class that suddenly turns to poor, creating a society of basically poor people, there is no more middle class to cushion tensions any more. Middle class suddenly discovers that they are overqualified for the jobs they can find and have to settle for anything they can obtain, there for unemployment sky rockets, too much to offer, too little demand. You see they prepare, study for a job they are not going to get. You kids, you are studying Architecture because you simply wish to do so. Only 3 or 4 percent of you will actually find a job related to architecture.”

We all sat there, letting it all sink in. After a few months, it all proved to be true. Even the amount of students that dropped out of college increased to at least 50%. They either so no point in studying something that would not make much of a difference in their future salaries, had no money to keep themselves in college, or simply had to drop college to work and support their families. >>

Dreamer

This post has been edited by dreamer101: Sep 19 2011, 07:14 PM

Don’t get me wrong. The example is on the extreme side. It is not about hoping to settle debt during hyper. It is about taking advantage during extreme economic climax.
If God will, like you, we also can survive without working in 2 years without touching our fixed assets and PM.

Nobody wants recession or hyper. But when it is happen, people who is ready, is benefit the most. Recession, people with full loaded cash can accumulate quality asset at a bargain.

And it just happen that, during hyper, people with debt, according to German history, they can settle it with inflated hyper cash. Bonus to people with good debt: properties, land, gold, they can use it during the time.

According to Mike (ya..ya.. I know he is quite bias), people have some misconception.
“People get a picture in their head, during economic disaster, that is going to be a like a nuclear waste land afterward. It is not, all the building is still going to be there. It is just they are going to be in sale. The problem is, when investment is on sales, nobody is going to buy”

http://www.youtube.com/watch?v=tj2s6vzErqY&feature=relmfu



But let say, situation is worst, I will not put a billboard ala Last Vegas saying “There is no Gold inside my house”. I will be like all other people, searching for food, looking for water and joining them. That is survival. Like now, I have PM, but all they see in front of my house is one kapcai made in China.

And foofoosasa, according to this real video, during real recent hyperinflation, yes people still did not eat gold, but they can used it to get food. And again, I will not melt my gold and wearing it like Mr T, common sense.

http://www.youtube.com/watch?v=7ubJp6rmUYM



This post has been edited by OneBuck: Sep 19 2011, 09:34 PM

Recession:
Quality asset can turn into junk in recession, how one can assure it will be quality in the future?
Nobody can ascertain of.
Look at Japan, more than 2 decade already aftermath of RE bubbles, still not fully recover.

Hyper:
You RM10 cash under the pillow still a Rm10, it won't grow due to hyperinflation.
Only when you income grow exponantial in hyperinflation time.

Nobody want to lend you money in hyperinflation situation, who is the fool to lend you money in a hyperinflation situation?
Banking system may not even exist or run properly.
Loan? where to get?

You cannot take in what happened during stability time and put into those extra-ordinary time and expect it works the same (banking system). It doesn't work this way.

See how Lehman filing bankruptcy can cause the entire financial market into liquidity freeze, all stand still. All financial game change during that time. People fear about banks ability to return on money, instead return of money.

War, buy building? buy asset? buy stock?
If really war, then it means we are talking of changing gov entirely.
So the new gov will recognise this building is owned by you or not?
They can just confiscated like that, why you can do?
Nothing.

Stop believing nonsense, no offence, if bad situation happens, everyone is the loser.
Nobody gain if war coming, nobody gain if economy run into crisis, chaotic situation.

It is aftermath, when thing settling down, aka the new era, you can take advantage of, because it start off clean or all over again. But again this may mean you lose everything previously.

Therefore, the best asset is yourself. Equip yourself with skills and knowledge.
If your country collapse tomorrow, you can still survive.

I don’t know. I had tried to present based on history, what is real happening.
Until tomorrow is coming, nobody can predict what is going to happen.

What I do today, is what I think the best for my family at least based on what people were actually doing in past.

Please wish me some luck.

The end of world is near, we are all going to die. Donate all your money now while you still have the chance.

OneBuck,

You have not look FAR and WIDE across history of many countries and places.

Malaysia has 1.2 millions to 1.6 millions civil servant and GLC employees. This is out of 8 millions to 10 millions working age people. So far, we did not have any crissi that affected this group of people over the past 50+ years. Not even in 97/98. In worst case scenerio, the government run out of money and laid of half or more of those people, can YOU imagine what will happen next??

Dreamer

I'm just curious when somebody mentioned about investment in weapons and guns, does anybody here really own a gun? Though I know it's not legal but it can be quite useful in case something really happens...

Who you want to shoot?! Don't simply shoot people ler, people got mom too, you know?

This post has been edited by buysell: Sep 19 2011, 11:40 PM

You'll never know, it's for protection

OMG! I found a killer on the lose!

Nah, I don't have a gun...yet...

Oh too bad. I own one, my mom gives it to me the first day I'm on this planet.

Did your mom survive?

At most, don't you think the government will charge more or exorbitant tax here and there?

arthurlwf,

A) WHY do you use the word "will"?? Isn't this happening right in front of your eyes now???

B) When the same EMPLOYER is feeding 1.2 to 1.6 millions people, every tax will hit the same group of people and they need more money to survive... Hence, they will DEMAND more salary. Things just spiraling down from here....

Dreamer

This post has been edited by dreamer101: Sep 20 2011, 01:19 AM

Hyperinflation everything also naik la, unless u got enuf cash to settle the loan i think your salary also dunno enuf to pay for inflated everything else especially the interest rates alone? By that time got job or not also dunno...

And if u got gold.... U dare to take it out? Leaving your house also big prob that time. Trying to protect ppl from comin in also prob. Got money better do underground secret passage n store few years worth of food liddat survival chance might b better than eating goldbar lol

With the "gun" he is referring, and with your question "did you mom survived".... Is very pathetic awful!!!