USA in deep sh*t ! debt can never be paid off printing money like crazy and oni a matter of time till dollar crashes and no longer the worlds reserve currency. BUT when money flees USA in look for a home so in the end emerging markets may benefit after a period of panic.Watch These ...
Thanks gweilo and kytan... Ya i was thinking to wait till tomorrow... see the correction first before enter.. Inari had shoot up a lot, i thought INSAS have more room to Up...
Friday late market usually down in times of tension cause people dun wan hold over weekend in case sh*t happens so maybe dat best time to buy. Course this is not 100% as sometimes late Friday market go up if something happens to boost optimism. Depend on your mission. Mine is to buy good stocks for long term so I dunna care whether buy at .98, 1.08, 1.18 or 1.28 cause in the long term it gonna be 2 to 3 rm and 10, 20, 30 sen dif on purchase price ain't gonna matter beans. But, if you are a trader sure it matters but that's the risk of being a gambler. Me, I dunna like to lose. EVER !
Gweilo & Tssl74,you talk with real ignorance about USA freedom of printing money like printing paper money during Japanese occupation and chaotic times of China just before the communist victory where millions of notes needed to buy only a few pot and pans. In every nation they are allowed to print their own currency by utilising their reserve kept in foreign currencies.For instance if Malaysia needs any ringgit they need to dispose the foreign currency in their reserves at National Bank to exchange for ringgit at the prevailing exchange rate.When their reserve is reduced, automatically the exchange rate will drop as our reserve in foreign currency is being reduced.The same applies to USA except it is allowed to keep the USA notes as reserve. Last time we keep gold as reserve but now we must keep foreign currencies as reserve in our National Bank A/c.
BabyTrader do the math. The US debt is so high it is beyond payback. If interest rates go back to normal they will NOT even be able to pay the interest on the debt without printing even MORE money. It's hopeless. So what is Obummer doing ? Going around the world threatening people. He threaten China, he threaten Russia, he wanted to start war in Syria, probably will start war in Iran. Why ? Because WAR is the oni way out of the financial collapse.You wait and see what happens on April 16. The Fed has now printed over 4 TRILLION dollars ! The world is not going to put up with it much longer.
The USD is considered a world currency used (hold) by all central banks. Despite it's limitations there is no other reserve currencies ( at this point of writing) to rival the USD
US is printing fiat money to prop their economy after their sub prime crisis. a point of interest- the biggest holder of USD reserve in the world is China, Taiwan, Russia, Japan, Gulf states & Hong Kong.
previously the Euro was and were touted as an alternative to the USD. but ever since the Euro debt crisis. the IMF and world bank is struggling to ensure the EU survives.
China (Yuan) is growing in importance but nonetheless it's still premature to tout it as a world currency. the world's trade is denominated in USD (thus whether we like it or not) we still need to live with the USD.
the biggest economy in the world (at this point of writing) is US, follow by Japan, China, Germany and the EU Block. None of us would like to see a great Depression in our live times.
No China has now overtaken Japan and the BRICS nations are conspiring to undermine the petrodollar and many other nations are FED UP WITH IT including Saudia Arabia. The minute OIL starts trading in other currencies you can say bye bye to the US$ as a reserve currency.
You should really do some research and know what is going on before you open your mouth with what the media tells you because the media is OWNED and LIES for the Globalists to feed you all the nonsense they want you to believe !
why worry so much? if so worry then sell all yours things and start building a uderground bunker , then start stacking canned food and bottle water lo, if alien invasion or nuclear war or the sky fall down, im sure you likely to survive longer than most of the people... kikiki
who's worrying ? i like to know what is going on in the world so I can be prepared. I guess you like to bury your head in the sand and not know and when you lose your shirt simply say "duh - what happened" ? Not me pal. I like to know where all the evil is on earth and how to avoid it and never be surprised by it. and, I expect after a period of shock malaysia and other asian countries will do well. The USA however will not and may linger for 20 - 30 years like Japan in a never never land.
No need to PANIC ! It could be a few years yet and it's not the end of of the world and Malaysia will no doubt come out even better are a global currency RESET.
Look I own a lot of Insas and am buying MORE so am I worried NOW ? NO. Am I informed and prepared to be worried down the road? YES. So, follow me ! It's OK to buy more Insas now. Me oso buying E&O and MPHBCAP.
USA got so much empty land just sell a bit to others all their debts will be paid,it is not easy for it to collapse. Empress Dowager of Ching dynasty sold Hong Kong to British for money and it also became a heavenly place for democrats to escape the grips of communists.Don't worry too much,just enjoy your life.
hello123 the key word is "around" it means not certain but near so see what happen end April when G20 tell USA shape up or else. Yes, they are going to do that then.
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Posted by gweilo > 2014-03-26 14:42 | Report Abuse
Listen to this: https://www.youtube.com/watch?v=1_TicHDZFXA&list=UUoOhzyG-i7IMBEMbyRlI66g
and this: https://www.youtube.com/watch?v=xCsm5m89SVM&list=UUG-G8LLr38fQUNZU8K0t-EA