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 I am preparing for Global Recession, Be cash rich

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foofoosasa
post Sep 17 2011, 01:57 PM

Look at all my stars!!
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3,482 posts

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QUOTE(SeeD @ Sep 17 2011, 01:20 PM)
Dreamer,

Please don't let your ego do all the talking.
You know 2 years is nothing to be bragging about. Not to mention in such inflationary economic times, your 2 years could be as fast as 2 months.
On the other side of the picture, if it's a deflationary recession, two years is nothing. Japan's deflationary recession lasts for a decade, giving them the "Lost Decade". I'm sorry if what I said is a little straight forward but seriously 2 years is nothing.

If you can't survive permanently without working there's nothing to be bragging about. It only shows that you're good at saving the money you earn, which could be trash in probably a decade.
Two years is a good goal, but a bad destination.
Agriculture, Guns (Invest on you and your family's safety. Not quite the legal thing in Malaysia, which I think is ridonculous) and Oil. And I want to repeat this over and over again, PHYSICAL is the keyword.
Well, RM72k is a huge sum of cash to be staying idle. If a person have that kind of money lying around in your bank account, it only shows that he's bad at investing his money (given that it is his life long savings).
*
I think that's only his emergency (the most liquid) fund.I am sure he has much more than that.
foofoosasa
post Sep 19 2011, 03:57 PM

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QUOTE(OneBuck @ Sep 19 2011, 09:34 AM)
Bro prophetjul, i thought you can spoon feed me. Instead have to goog and read.  tongue.gif

Q 1, answered. Q2, I will read it first....
............................

Unbelievable.... I found it! After jumping from page to page, website to website and almost ask to be spoon feed, there it is.....

"Contractually there is often no bar to a debtor clearing his long term debt with "hyperinflated-cash" nor could a lender simply somehow suspend the loan. "Early redemption penalties" were (and still are) often based on a penalty of x months of interest/payment; again no real bar to paying off what had been a large loan. In interwar Germany, for example, much private and corporate debt was effectively wiped out; certainly for those holding fixed interest rate loans."

http://en.wikipedia.org/wiki/Hyperinflation

So guys/girls, if you predict that hyperinflation will happen in Malaysia, make loans as many as possible and pay it with hyperinflation money....

Wow, it is so easy......

Any comment?
*
oh easy?
So what happen to all the bank in Malaysia? Do you think people still want to own asset in Malaysia if that happen?
all the basic necessity things will be the most valuable things if that happen( water,food etc...).

just my 2cents
foofoosasa
post Sep 19 2011, 06:47 PM

Look at all my stars!!
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Senior Member
3,482 posts

Joined: Sep 2007


QUOTE(cherroy @ Sep 19 2011, 05:35 PM)
Do you think you alone staying in nice bungalow and having 500k gold is safe when others or millions people are searching for shelter, no water, no food just outside of your bungalow?   whistling.gif

Hyper-inflation often associating with social unrest
and little people have faith in a hyperinflation countries economy nor want to own anything in the country, and doing business there, because the currency can be worthless.


Added on September 19, 2011, 5:37 pmFeel good about hyperinflation that can solve your debt problem?  doh.gif
You lose even more.
*
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??? laugh.gif 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

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