There is serious inflation here in Hong Kong. I suspect it is caused by QE1 and QE2. I didn't study Economics when I was in school, so I'm not sure I fully understand the situation. Hopefully someone will help me determine if I should exchange my HKD for another currency so that it won't decrease in value.
My understanding is this: when US prints more cash, the value of USD and HKD decrease. So, we need to use more money to buy the same thing. Because there is extra money flowing around in the US and it has nowhere to go, US money is poured into the HK stock market.
With a potential QE3 looming what can I do to protect my wealth from inflation or even hyperinflation brought on by the influx of new currency into the market?