In an economic crisis, many expensive restaurants will shut their doors, while roadside stalls selling econimic goreng mee or nasi lemak will enjoy brisk businesses

During a crisis everyone cut cost

When everyone is tying their belts tighter, they won't go to restaurant. Instead they will go to places where they perceive as more affordable, like kopitiam, like roadside stalls, and so on

I've been through economic crisis not only in Malaysia, but also elsewhere, and I noticed some similar action people take - particularly on not spending on things that they do not need, and to locate source of everything as cheap as they could find

I already give you guys so many hints but if you still think that I do not know what to do when the crisis hits, nvm, for I'll still be the one laughing on the way to the bank

My friends are starting to import those surplus/rejected goods from China, by the containers

They are prepared to sell those goods over here, when the economic crisis hits

Since the surplus/rejected goods are normally like RM0.30 per, if they sell for RM 2 my friends will still end up with many truckloads of cash

I dunno yet. I just came back from abroad, not yet have time to check out what they got

Malaysia has a role model - Zimbabwe

Zimbabwe's inflation in 2012 was over 253 MILLION %, yes, you read it right, Zimbabwe's inflation rate was over two hundred fifty three million percent

It got so bad that no one, not even Zimbabweans themselves, use their own Zimbabwe currency, the Zimbabwean Dollar - and start using foreign currencies in their daily transaction - Euros, American dollar bills, South African Rands, et cetera

Since Robert Mugabe is so friendly friendly with Mahathir, we have to prepare for the day our Ringgit Malaysia might meet with the same fate as the Zimbabwean Dollars

Many many thanks for the link !!

Now, for those of you who are TL;DL - one sentence summary is enough

"Our recent trip to Malaysia has cemented our bearish view on Malaysian rates and the currency"

I also want to hedge on RMB, but I see a dark cloud in the horizon

There is a growing possibility that someone in the West will try to crash China's economy before 2016, much like what they did to the Asian economy back in 1997

America won't let anyone be ahead of them, especially not China

How much you expect to spend in Singapore ?

If not that much (within couple of thousands of SG Dollars) the savings won't be significant

Let's say SG Dollar rises by 5 cents by late August. SG Dollars 2,000 means you only save RM 100 if you exchange now

That "RM 100" figure is that if Singapore Dollars rises by 5 cents. What if the Singapore Dollars fells ? Then you may actually end up rugi

It won't be any surprise for most of us if our cityscape is littered with more abandoned projects - after all, abandoned projects are nothing new in Malaysia

From housing project to shopping mall to (in Johor Baru) tiang-tiang di tengah laut

You are a chef, right ?

Is it easier to cook a dish for 2, or a dish for 200 ?

Similarly, it is easier to influence / sway a local economy than a global one