... So you want your son or daughter to be exploited by companies? The only meaningful work is to do what you enjoy and to work for yourself, not as a slave for a company or the economy for that matter..

As for currencies. All currencies are either pegged or tied to USD. So it really doesn't matter which currency you invest in.

USD is collapsing soon. Why do you think the fed keep on delaying the interest rate hike? Because they know once they do that, everyone will stop buying US exports because their dollar is worthless and over-valued. An interest rate hike will cause the USD to rise, and that is the beginning of the end of the US dollar standard.

So which currency will replace the dollar? hahaha.. None. China doesn't want to be the next standard.. they have artificially kept the Yuan low for decades. The Euro? no-one has confidence in it especially after Greece. How can you trust that other nations wont come close to defaulting..
Nikkei japan has been a dump and stagnation for decades, simply because they refuse to deflate.
 
So as you see, there is no other alternative than to let it all collapse and rebuild from the ground up again. History always repeats itself. Humans never learn from the mistakes of the past. Especially when it comes to currency.. They are all one the same.

The fiat monetary system is about to end...

enough la...

pls do not hijack and derail this rm thread.

pls start a new doomsday fiat thread if u wish.

I don't quite agree with your statement. The world needs trade. And I am sure US will go to great extend to defend the USD. Look at last time when currency was peg against gold reserves. Through some manipulation, the world is using usd.

There's always GBP, CHF and heck even bitcoins. Bitcoins is kind of scary for world's bank cause it is a digital curreny no one control. The value is solely depended on the market

enough la...

pls do not hijack and derail this rm thread.

pls start a new doomsday fiat thread if u wish.

World needs trade.. yes, but USD rise will cause all nations in debt to be more costly.. Which is the larger issue at play here and ironically, it will affect global trade.

Everyone will feel the pinch of USD rise. Many countries will just outright refuse or even ban USD..

You think Malaysia wont do the same? Wait till 4.5 usd by end of the year and see what our incompetent Government will do..  probably nothing, which means you will feel the pinch..

Long term wise, next 3 - 4 years, best is to invest in currencies of countries with low national debt and good GDP to capita income ratio.

SGD and HKD springs to mind..

But then you need to dig deeper. SG will have their own problems in next 3-5 years as the Baby Boomers retire or die off. So don't expect their economy to do well either. It wont drop, at best, they will stagnate with little growth.

HK, im not so sure as I don't research there. From what I see, their economy is similar to SG, so no gains there either.

Baby boomers in sg may be ageing, this is a reason sg is accepting more young migrants from mys, chn, Idn and Ind to maintain the momentum.

Sg is probably the only country that the west could rely on, hence MNC, banks, etc will continue to have their regional HQ there.

With current political party in power, more Malaysian will keep their saving in sg like indon during Suharto era. Myr Forex rate with SGD will continued to slide until there is a change of gomen.

influx of migrants have problems too.. singapore will lose their identity. Also, businesses and real estate will collapse as less spending within singapore as migrants save to send their money overseas. The local economy suffers too...

Both good times and bad times will not last forever. Just that now is the bad times and we have to ride it through until the good times return. Zeti said not more than 18 months based on our past experience  

Showtime747,

The richest countries in South East Asia during the 1960s were Burma / Myanmar and Philippine.  Hong Kong Chinese were so poor that many of them went to Philippine and worked as maid for Rich Chinese in Philippine.

So, where are them NOW?? Did they ever recover??

<<Zeti said not more than 18 months based on our past experience>>

Without Extra Oil Money, there will be no recovery this time.  There are no past experiences to go by since Malaysia was bailed out by Extra Oil Money past few times.

Dreamer

The fiat monetary system is about to end...

Nothing, good or bad, will last forever.

Showtime747,

<<Nothing, good or bad, will last forever.>>

1) It only need to last long enough to make a person bankrupt.  A person does not have UNLIMITED amount of money to survive that long.

2) A person does not live forever.

https://finance.yahoo.com/q/pr?s=VT+Profile

3) Why ONLY invest in ONE country?? Why put all your eggs into ONE basket??

The above ETF invest on the largest 7,500 public listed companies across 47 countries.  A person only need a few thousands USD to start.

Dreamer

When a person is positive and open minded, the world is more beautiful. You never know death actually is a good thing. Think about it....