SOS Fed

Jim Rogers said Fed is a bankrupt

Marc Faber said Fed is a bankrupt

Peter Schiff said Fed is a bankrupt

Roubini said Fed is a bankrupt

Matthias Chang said Fed is a bankrupt

It is important to note that the experts above speaks based on hard facts and figures, not rumours or hear say.

So is Bank of England

MyView

1. First and foremost, get out of US dollars and UK sterling. Go to Yuan or Yen. Or go to resourse rich countries like Australia, Canada or high reserve countries like Singapore, Hong Kong.
2. Invest in precious metal or mining companies of precious metals like gold, silver or platinum as save haven when currencies are in the tail spin
3. Invest in crude oil related companies, at about USD40 per barrel, in gold terms it is very attractive because gold is USD900 per oz. During the peak, USD900 per oz of gold is equivalent to crude oil at USD100 per barrel
4. Invest in Agricultural related stocks
5. Invest in high dividend yield stocks

For Malaysian, looking at the politicians, it is quite save to said that it will lose its competitive advantage after this crisis as non of the politicians border about the economy or know how to handle the crisis. In short, Malaysia economy will be in deep trouble, which will eventually, the currency willl lose its competitiveness. Foreign investment will come to a halt, export will halt as well, and so will our foreign reserve in USD which eventually become toilet paper.

Hence, proper planning is critical, just to maintain the "disposable" value of Ringgit Malaysia as this crisis is much worst than the Asian crisis in 1997 as it was isolated mainly on Asian currency problem.