The PAP government compensates foreigners for inflation when they invest in Singapore government bonds, but did not compensate Singaporeans for inflation when the MOF took in their CPF money via SSGS.
Singaporeans are therefore short-changed by the PAP for giving them a negative real yield on their CPF savings.
How do we end up in this situation?
Unlike other major economies which use interest-rate policy to ease/tighten monetary conditions, the MAS use
http://www.tremeritus.com/2014/07/27/mas-compensates-foreigners-for-buying-sg-bonds/
Singaporeans are therefore short-changed by the PAP for giving them a negative real yield on their CPF savings.
How do we end up in this situation?
Unlike other major economies which use interest-rate policy to ease/tighten monetary conditions, the MAS use
http://www.tremeritus.com/2014/07/27/mas-compensates-foreigners-for-buying-sg-bonds/
