Historical rate of $$$ printing by gahmen @8.7736% P.a., CPF rate=2.5%. Proportionate

[bic_cherry]

Historical rate of $$$ printing by gahmen @8.7736% P.a., CPF rate=2.5%. Proportionate/Fair???!!!
- Central Providend Fund (CPF)@2.5% p.a.
- 8.7736% P.a. is based upon M3(1989-2011), see calculation in the updated version of: 'Money printing (/borrowing) by Singapore government- how much is too much?' appended in quote below:

Money printing (/borrowing) by Singapore government- how much is too much?

Briefly, M1= printed SGD in circulation + some more, M3= quasi money= everything including government bonds (treasuries) etc (people will pay U money for these at whatever is market rate(much is sold to CPF so Temasek & GIC can invest the CPF monies etc) but too big to use at super-mart).

• Will so much printed money worsen the rate of inflation (even if it isn't captured by the CPI) in Singapore? ('Why CPI might fail to capture the true rate of Inflation in Singapore.'[HWZ, 11Jan2013])
• Will so much money 'printing' worsen the wealth divide?
• Will the supply inflation of the SGD ($ printing) also inflate the housing price in Singapore?
• Are CPI measurements in Singapore consistent over the years just as the luxuries enjoyed by the average Singaporean (who has been forced to become more and more 'productive') have alongside increased- is this 'productivity' readily translatable into quality of life improvements?
• What is the effect of Singapore's increase in GDP upon the environment- Singapore has already refused entry to boat people arriving as political refugees 'Singapore cannot accept Rohingya refugees' [CNA, 24Mar2009], will Singapore do the same for environmental refugees as sea levels across the world rise?

According to the chart on SG govt money printed, 1989-2011, M3, the broadest measure of Money created by the central bank has increased from
dollar notes created/ printed have increased from SGD71.0 billion (1989) to SGD 451.7 billion (2011)
Using compound interest(inflation) calculator [ink] with the input values as:
Input principle: $71,007.8 M
Input years= 22yrs.
Input total= $451,675.2 M
Result: Effective Annual Rate of increase = 8.7736% P.a.

The same calculation for years 2010 to 2011 period= Effective Annual Rate of increase= 10.135%

Thus if Singaporean quality of life didn't increase by 10.135%, why is the government of Singapore issuing so many treasuries/ printing so much $$$???

In short, the government of Singapore should perhaps avoid printing so much $$$ (bills+treasury bonds) that only serves to inflate a Potemkin GDP figure premised upon high rentals as referenced to inflated property prices- which only serves to make the poor even poorer, which is essentially what the Lehman Brothers 2007/8 economic crisis did. Erstwhile, even if it were necessary to print so much SGD just to maintain equal SGD value depreciation with the exponentially disintegrating USD (aka toilet paper) (due to massive USD quantitative easing@USD$1T p.a.), then perhaps income tax on the poor should be waived, NS allowances increased drastically, and all Singaporeans should be given guidance and a CPF educational account: operational till retirement: so as to pay for preventive health education and lifelong learning schemes from all the extra printed $$$ (8.7736%*$451.67B=S$39.63B p.a) (reserves to be replenished from taxes collected only) .

[pict source: https://secure.mas.gov.sg/msb-xml/Re...=I&tableID=I.1 ]

Caption: Currency to exchange for gold please- takers, anyone?[Image source]