Time To Cut Up Your Credit Cards!

Time to cut up my credit cards!!! Time to tell my MP he had better fight 4 me on this (or else... he knows what to expect come the next GE ) Rm50 /credit card Service Tax! If you have 21 credit cards like some of us, you end up paying the M'sian Govt Rm1,050.00 service tax /year! Remember you still have to pay annual subscription fees! The average Platinum Mastercard Annual fee is Rm250. Multiply that by 21, it comes to a whopping Rm5,250.00. This is humungous!

Is Your Money Really Safe in the Bank?

Further to my earlier post on June 4, 2009 entitled, The Amount of US dollars in Circulation is Skyrocketing. How Does that Affect you and me? I refer you to what Robert Kiyosaki recently posted in his Conspiracy of the Rich Bulletin:

Is Your Money Really Safe in the Bank?
Seems that even financial gurus are hurting in this economic downturn. Suze Orman recently teamed up with the FDIC in an endorsement campaign engineered to assure you that your money is safe in US banks. But as Robert says in his latest Conspiracy of the Rich bulletin, while your money might be physically safe in the bank – you could still be losing. "Suze claims that no one has lost money deposited in a bank that was insured by the FDIC. That may be true, but how do you define losing money? The true picture is that the Fed is printing trillions of dollars. This means you may not be losing your dollars, but your dollars are being diluted with trillions in counterfeit money. Parking your dollars in an insured bank causes them to lose purchasing power as commodities such as gold and oil are going up in price. "
– Excerpt from Robert’s Conspiracy of the Rich Bulletin


Think about it, this is the biggest Theft of the Nations. Is keeping cash really that safe now? What with the looming hyper-inflation and the apparent ongoing collapse of the world financial system? Thinking of depositing your hard-earn cash in the safe-and-secure bank, think again!

Anybody can think of any other alternatives?
Robert Kiyosaki recommends investing in precious metals like gold and silver.

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All the best in our common quest of preservation and creation of our financial well-being.