I am preparing for Global Recession, Be cash rich
I am preparing for Global Recession, Be cash rich
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Sep 19 2011, 10:23 PM
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Junior Member
164 posts Joined: Jul 2005 |
Therefore, the best asset is yourself. Equip yourself with skills and knowledge. If your country collapse tomorrow, you can still survive. |
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Sep 19 2011, 10:32 PM
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Junior Member
208 posts Joined: Aug 2009 |
QUOTE(cherroy @ Sep 19 2011, 09:59 PM) Recession: I don’t know. I had tried to present based on history, what is real happening.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, 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. 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. |
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Sep 19 2011, 11:25 PM
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Senior Member
592 posts Joined: May 2008 |
The end of world is near, we are all going to die. Donate all your money now while you still have the chance.
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Sep 19 2011, 11:27 PM
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Elite
15,855 posts Joined: Jan 2003 |
QUOTE(OneBuck @ Sep 19 2011, 10:32 PM) 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. OneBuck,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. 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 |
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Sep 19 2011, 11:29 PM
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Junior Member
9 posts Joined: Dec 2008 |
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...
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Sep 19 2011, 11:35 PM
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Senior Member
592 posts Joined: May 2008 |
QUOTE(Algorith @ Sep 19 2011, 11:29 PM) 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?! This post has been edited by buysell: Sep 19 2011, 11:40 PM |
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Sep 19 2011, 11:39 PM
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Junior Member
9 posts Joined: Dec 2008 |
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Sep 19 2011, 11:41 PM
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Senior Member
592 posts Joined: May 2008 |
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Sep 19 2011, 11:44 PM
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Junior Member
9 posts Joined: Dec 2008 |
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Sep 19 2011, 11:50 PM
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Senior Member
592 posts Joined: May 2008 |
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Sep 19 2011, 11:51 PM
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Junior Member
9 posts Joined: Dec 2008 |
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Sep 20 2011, 12:31 AM
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Senior Member
2,546 posts Joined: Jan 2003 |
QUOTE(dreamer101 @ Sep 19 2011, 11:27 PM) OneBuck, At most, don't you think the government will charge more or exorbitant tax here and there?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 |
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Sep 20 2011, 01:17 AM
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Elite
15,855 posts Joined: Jan 2003 |
QUOTE(arthurlwf @ Sep 20 2011, 12:31 AM) 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 |
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Sep 20 2011, 01:27 AM
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Senior Member
2,155 posts Joined: May 2005 |
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 |
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Sep 20 2011, 01:28 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld |
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Sep 20 2011, 10:23 AM
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Senior Member
1,205 posts Joined: Jan 2010 |
QUOTE(cherroy @ Sep 19 2011, 09:59 PM) Recession: I beg to differ.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. 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, 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. If there is recession, war and changing of government, then it is the cash cow people to have advantages though with risk. In fact, during war, crisis and chaotic situation are the best chance in your life to do investment because nobody can anticipate the future look like. It is the only time when the poor(with cash) has the chances to become rich by buying ample of land, stocks and properties. To become rich, u need to take the risks. Take for example, those who buy lands during WW2, have became millionaire already. This post has been edited by firee818: Sep 20 2011, 10:29 AM |
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Sep 20 2011, 10:32 AM
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Senior Member
592 posts Joined: May 2008 |
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Sep 20 2011, 11:00 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(firee818 @ Sep 20 2011, 10:23 AM) I beg to differ. You are talking about small small war, conflict. If there is recession, war and changing of government, then it is the cash cow people to have advantages though with risk. In fact, during war, crisis and chaotic situation are the best chance in your life to do investment because nobody can anticipate the future look like. It is the only time when the poor(with cash) has the chances to become rich by buying ample of land, stocks and properties. To become rich, u need to take the risks. Take for example, those who buy lands during WW2, have became millionaire already. I am talking about big war. WW2, you use banana money buy land? buy from whom? Japan? British? Malaya? Who issue the grant to show the piece of land is belonged to you? Japan? British? Malaysa? One is running for life already, still care about land, stock & properties? As I said before, it is aftermath, when thing settling down, then it provide the opportunity, but not during war time. This post has been edited by cherroy: Sep 20 2011, 11:01 AM |
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Sep 20 2011, 11:12 AM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur |
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Sep 20 2011, 11:16 AM
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Elite
5,608 posts Joined: May 2011 From: Here, There, Everywhere |
QUOTE(cherroy @ Sep 20 2011, 11:00 AM) You are talking about small small war, conflict. Hm.. methinks people who havent been in war (me included) are just extrapolating based on investing logic.I am talking about big war. WW2, you use banana money buy land? buy from whom? Japan? British? Malaya? Who issue the grant to show the piece of land is belonged to you? Japan? British? Malaysa? One is running for life already, still care about land, stock & properties? As I said before, it is aftermath, when thing settling down, then it provide the opportunity, but not during war time. When sh*t hits the fan and REAL WAR (even between 2 countries) happens here in Malaysia, investing logic would most probably be thrown out, replaced by survival & security. ie - concentrating on saving our ass, rather than assets Just an armchair logic thought. |
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