Our visionary Singapore government has saved prudently and at the same time, made wise investments and hence while the whole world is burning, Singapore remained relatively unscath.
Had our government raid our reserves to distribute to the poor lazy retarded 33.3% of our populace, as proposed by the spastic Opposition, we would have end up like Iceland. The Icelanders voted for the wrong party. LKY said it best. It will take only one term which is 4 years for the retards from the Opposition to bankrupt our country.
We need to be grateful to our wise and visionary government under the strong leadership of PM Lee.
Iceland is all but officially bankruptBy Eric Pfanner Published: October 9, 2008
REYKJAVIK: People go bankrupt all the time. Companies do, too. But countries?
Iceland was on the verge of doing exactly that on Thursday as the government shut down the stock market and seized control of its last major independent bank. That brought trading in the country's currency to a halt, with foreign banks no longer willing to take Icelandic krona, even at fire-sale rates.
As the meltdown in the Icelandic financial system quickened, with the government seemingly powerless to do anything about it, analysts said there was probably only one realistic option left: for Iceland to be bailed out by the International Monetary Fund.
"Iceland is bankrupt," said Arsaell Valfells, a professor at the University of Iceland. "The Icelandic krona is history. The IMF has to come and rescue us."
Prime Minister Geir Haarde, who had warned this week of the threat of "national bankruptcy," said Thursday that Iceland's finance minister, Arni Mathiesen, would be in Washington this weekend for the autumn IMF/World Bank meetings. He declined to say whether Iceland was seeking a rescue package from the international lender
Had our government raid our reserves to distribute to the poor lazy retarded 33.3% of our populace, as proposed by the spastic Opposition, we would have end up like Iceland. The Icelanders voted for the wrong party. LKY said it best. It will take only one term which is 4 years for the retards from the Opposition to bankrupt our country.
We need to be grateful to our wise and visionary government under the strong leadership of PM Lee.
Iceland is all but officially bankruptBy Eric Pfanner Published: October 9, 2008
REYKJAVIK: People go bankrupt all the time. Companies do, too. But countries?
Iceland was on the verge of doing exactly that on Thursday as the government shut down the stock market and seized control of its last major independent bank. That brought trading in the country's currency to a halt, with foreign banks no longer willing to take Icelandic krona, even at fire-sale rates.
As the meltdown in the Icelandic financial system quickened, with the government seemingly powerless to do anything about it, analysts said there was probably only one realistic option left: for Iceland to be bailed out by the International Monetary Fund.
"Iceland is bankrupt," said Arsaell Valfells, a professor at the University of Iceland. "The Icelandic krona is history. The IMF has to come and rescue us."
Prime Minister Geir Haarde, who had warned this week of the threat of "national bankruptcy," said Thursday that Iceland's finance minister, Arni Mathiesen, would be in Washington this weekend for the autumn IMF/World Bank meetings. He declined to say whether Iceland was seeking a rescue package from the international lender
Last edited:
It was nice of you to have your clone entertain us whilst u went into hibernation 
