now deep depression govt still dont use reserves

[madmansg]

think reserves will be use only when nuclear war between USA , russia and india and china. By then our reserves will be worth zero as the stock market crash and cannot open as the NYSE and other exchanges hit by nuclear bomb too.

 

[theblackhole]

Govt can now draw on more returns from investing Singapore's reserves
Posted: 21 October 2008 2026 hrs

SINGAPORE: Parliament has voted unanimously to amend Singapore's Constitution to allow the government to tap more into the country's reserves.

All 75 elected MPs present at the House gave the nod to the changes, including the two opposition MPs - Mr Low Thia Khiang and Mr Chiam See Tong.

The changes allow the government to draw on more returns from investing Singapore's reserves, so that its income can keep pace with rising expenditure in the near future.

Research and development projects will be one area where the extra funds will go into, to allow Singapore to stand out from other countries.

More money can also be tapped to fund areas like medical care for an aging population.

- CNA/ir

 

[DIVISION1]

Reserves are not to be squandered and meant for a rainy day. Timing is everything and moniker theblackhole has the public announcement declaring that timing is now.

 

[theblackhole]

the $150 billion not drawn yet. maybe we might not have to touch it.we might have to draw on more returns from investing Singapore's reserves...can more enlightened forumers pls explain to this peasant what does the statement really means....

why don't say in simple terms.....returns from investing Singapore's reserves...what's that?

the gahment can dip into the reserves yes or no? pls talk in plain and easy English so that the layman can understand.

 

[theblackhole]

Reserves are not to be squandered and meant for a rainy day....

when it is a rainy day? for so many years already, it has been raining...for the past one year, there were thunderstorms and lightning....and now suddenly, parliament realises that it's raining....i think the whole place is already flooded badly...it's burning like hell now...still rainy meh?...digging into our reserves??? sure or not???

 

[DIVISION1]

when it is a rainy day? for so many years already, it has been raining...for the past one year, there were thunderstorms and lightning....and now suddenly, parliament realises that it's raining....i think the whole place is already flooded badly...it's burning like hell now...still rainy meh?...digging into our reserves??? sure or not???

Come, come. What that came before were drizzles and squalls. Now, we have a global monsoons/typhoos which some international experts suggest are once in a century, or our lifetime event. These are the real rainy days.

 

[makapaaa]

Reserves are not to be squandered and meant for a rainy day. Timing is everything and moniker theblackhole has the public announcement declaring that timing is now.

More like they've already been squandered away to satisfy your owners' lumber 1 ego shopping trips lah!

 

[theblackhole]

it will take 56 years to check the accounts and statements...now so easy to draw into our reservers...how long will it take now to study the balance sheet before we can have some foreskin being drawn...come on....when it takes so many years to prepare a balance sheet, now it's almost immediate you can draw the foreskin immediately...this is great man...this is a miracle....digging into the reserves is sacred...sacrilegious to even think of dipping into this sacred reserves...but suddenly,parliament says okay....why this sudden u turn? oh! we must save for our children and grandchildren....we must save for a rainy day....how many reasons have we heard.....something going rot here.

 

[The_Latest_H]

I'm rather cautious in regards to the latest news. I don't have a great feeling about this.....

 

[DIVISION1]

it will take 56 years to check the accounts and statements...now so easy to draw into our reservers...how long will it take now to study the balance sheet before we can have some foreskin being drawn...come on....when it takes so many years to prepare a balance sheet, now it's almost immediate you can draw the foreskin immediately...this is great man...this is a miracle....digging into the reserves is sacred...sacrilegious to even think of dipping into this sacred reserves...but suddenly,parliament says okay....why this sudden u turn? oh! we must save for our children and grandchildren....we must save for a rainy day....how many reasons have we heard.....something going rot here.

Important correction - man years not years. 1 man year, depending on standards, can be computed as 2000 man hours a year.

 

[lifeafter41]

Important correction - man years not years. 1 man year, depending on standards, can be computed as 2000 man hours a year.

Based on Div1 standard, it will take how many hours or days or months or years?.

 

[DIVISION1]

Based on Div1 standard, it will take how many hours or days or months or years?.

Ceteris paribus, you hire 56 competent experts and you will have an answer in one year, you hire 112 competent experts and you will have an answer in 6 months, and 3 months for 224 competent experts. Keyword here is ceteris paribus.

 

[theblackhole]

why was the late OTC denied such exposure and knowledge?

 

[lifeafter41]

Ceterus paribus, you hire 56 competent experts and you will have an answer in one year, you hire 112 competent experts and you will have an answer in 6 months, and 3 months for 224 competent experts. Keyword here is ceterus paribus.

So if based on 1 competent expert will take 56 years, which is correct in the first place, isn't it.

Meanwhile it is Ceteris Paribus and not Ceterus Paribus for you.

 

[theblackhole]

So if based on 1 competent expert will take 56 years, which is correct in the first place, isn't it.

Meanwhile it is Ceteris Paribus and not Ceterus Paribus for you.

Ceteris paribus is a latin phrase for "all else being equal." The term is most often used when isolating descriptions of events from other potential environmental variables.

To this effect the physicist could say "if I hit the nine ball with the cue ball at a certain angle, with a certain force, ceteris paribus, I can predict the trajectory of the nine ball on the billiard table." In using the ceteris paribus clause, the physicist is saying that his calculation takes for granted that the law of gravity continues into the future, that the building he is standing in won't suddenly collapse just as the cue ball is struck, etc.

The ceteris paribus clause can be used to simplify thought experiments and simulations by relying on induction and the common sense law of inertia which states that things tend to remain the same (e.g. buildings tend not to collapse).

 

[DIVISION1]

Ceteris paribus is a latin phrase for "all else being equal." The term is most often used when isolating descriptions of events from other potential environmental variables.

To this effect the physicist could say "if I hit the nine ball with the cue ball at a certain angle, with a certain force, ceteris paribus, I can predict the trajectory of the nine ball on the billiard table." In using the ceteris paribus clause, the physicist is saying that his calculation takes for granted that the law of gravity continues into the future, that the building he is standing in won't suddenly collapse just as the cue ball is struck, etc.

The ceteris paribus clause can be used to simplify thought experiments and simulations by relying on induction and the common sense law of inertia which states that things tend to remain the same (e.g. buildings tend not to collapse).

Well, most of the theories of modern western science are based on ceteris paribus, including social sciences like economics, financial engineering and financial sciences. Perhaps, it may not take 56 man years, if there was a necessity to try.

 

[YNT]

Drawing on reserves (if that happens) seems like sg is in for some "good" time.

 

[darememore]

think reserves will be use only when nuclear war between USA , russia and india and china. By then our reserves will be worth zero as the stock market crash and cannot open as the NYSE and other exchanges hit by nuclear bomb too.

Still have reserves meh????? How to used reserves when there is money gone missing???