A couple of e mails I sent out in early January 2006, telling ppl to be forewarned. Of course no one listened.
Have you heard? Malaysians no longer have cheap petrol…
What is happening to the economy?
If you have not seriously considered the economic
future that is facing us, please do so.
The global slump is no longer a matter of purely
academic interest, where leading economists have been
predicting and warning us of a global recession of
unprecedented proportions; it has arrived. Read the
papers.
Energy crisis, Gold Bull Run, Stock market bubbles
worldwide including on the Sensex??( Bombay), Property
Bubbles leaking and heading towards a slump/crash,
consumers are going bankrupt at an unprecedented rate
worldwide, Rich Industrialised nations are borrowing
more and more from the Third world nations, The US of
A alone has a total debt of USD 37,000,000,000,000 (
37trillion)– more than the value of all the
currencies, stockmarkets, bond markets worldwide;to
put it simply, there isn’t enough money in the world
to pay for a debt that size.
Leave terrorism, bird flu, another war(Iran) and all
else aside, the economic reality alone is enough bad
news.
The only way out of financial disaster is to tap
directly into the global market and take advantage of
the massive opportunities presenting themselves in the
making of a new world order. The rise of BRIC (
Brazil, Russia, India, China) and the fall of the USA,
UK, and other Industrialised Nations presents great
opportunities to the astute investor.
Don’t expect anything to change
Firstly, please accept my thanks for being a voice out
there that’s worth listening to.
I have a request though, can you slip the mantle of a
cosmopolitan on for a while and turn your critical
gaze towards the world itself.
I strongly suggest the following books for your
reading pleasure the next few weeks:
Wake Up – How to survive and prosper in the coming
economic turmoil. by Jim Mellon and Al Chalabi
Empire of Debt-The rise of an epic financial crisis,
by Bill Bonner et al
Conquer the Crash- You can survive and prosper in a
deflationary depression, by Robert R Pretcher
Deflation-How to survive and thrive in the coming wave
of deflation, by A Gary Shilling.
Things will change, possibly very drastically for the
worst. What you read in the above books and others
similar will raise your anger and ire that the
majority of Malaysians and of the global population
will have to pay the price, and a very high price at
that for the gluttony and greed of a priviledged
minority.
Municipal miscreants, unworthy judicial officials will
not be of importance to the average Malaysian even if
the best case scenario plays out in the next decade.
You have their ear, please decide if they should be
forewarned.
Regards
Jeevan
