good idea 

u have done it before 

I honestly think that many people here are panic over for nothing. The government is obviously monitoring the situation and I do not think that government would allow USD 1 = MYR4 to happen.

Instead of worrying this and that, why not just move to SG and work then? SGD is rising up now.

you want to open foreign trading account?
can pm me for details.

yesssss.. hoping for USD10/barrel 

but Bolehland O&G industry die la 

My sifu,

Hot money from KLCI came from USA QE. When QE started, KLCI was around 1000 point. And it drove up the KLCI to 1800 over a few years

Now hot money is leaving by dumping equity. So, the bottomline should be 1000 point. Give it some inflation and margin of error 20%, say 1200 point.

So, 1200 is the target and in the meantime, let's short kaw kaw with confidence ! 

Ya, I wonder the economist is doing something to hedge the position, like shorting FKLI.

If the economist's prediction is true, then he/she may make a big kill in the market.
Short 100 contracts of FKLI if the recession is indeed worst than 1997, it just suggests KLCI may drop more than 50%.

50% drop from 1600 level, means 800 points.

800 points x Rm50 = 40K per contract.

100 contract x 40k = RM 4 mil.

Don't need to so troublesome to convert to USD, sell car or property, just pick up the phone tell remisier want to sell FKLI for 100 contracts, done. 

KLCI always surprises me. So, I no balls to short 

I buy the cheap counters now 

Too risky for my liking lah. Unless I follow you 1 for 1 duplicate your trade exactly 

There is also 3rd option, selective capital control.

Not limited to 2.

Also, BNM can choose neither as well.
No interest rate hike, no defend the RM using foreign currency reserves, just let RM slide down orderly.

India, Canada, NZ, Australia, Russia currencies also dropped a lot too. It is a global currency war to depreciate currency to makes competitive EXPORTS.

I have DCI account with PBB 50k only.. 250k is very much exaggerating