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Potential Epic Thread at.....

Unrepented

Alfrescian
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Came across a thread at edmw. Not sure if I am allowed to post the link. But by the guy in the video below.

Also, don't know if his claims holds water or not. Hope it's an objective discussion.

If this post is not allowed by Sam and against this forum practice, please delete.:o

<iframe width="560" height="315" src="http://www.youtube.com/embed/Q4tdixdVvKY" frameborder="0" allowfullscreen></iframe>
 
How can one claim that temasick average an impressive 17% return since
The day they are incorporated in 1997 and Sinkapore is now
more in debt then Zimbabwe?

Don't be fool by Pap's we got 500
Billion reserve story.

If the government owe Singaporean more
Then what they have in reserve, then we are
technically bankrupt.

Now you know why OTC is not able to get
The numbers he ask for, the crazy short term
FT policies that damages SG in the long run, this
Gov do not consider any long term policies, like
Any bankrupt person, all their financil
plans are relatively short term.

The next big question is did we loose money
Due to bad investment or it vanish in thin air.

Base on 17% annual return from temasick's report, compound
It for 40 years, we should have a few Trillions, not 500B
 
Warning: Conspiracy Theory below

Not much of a numbers person here, but as I understand it, Singapore's indebtedness comes from its CPF liabilities to its citizens and residents (a GOS euphemism for "migrant workers") in Singapore. i.e. we do not borrow extensively from financial institutions locally and abroad, nor do we activate the printing press. This is the hallmark of prudent governance and public financial management but this is where the praise ends.

Using citizen/resident capital and growing tax base as collateral, GOS can borrow cheaply from financial institutions at its purported AAA rating. Therefore in order to continue doing that after debacle following the GFC, the GOS needs to grow the tax base and cover their losses by 1) importing more migrant workers and 2) delaying payout to citizens.

We can see the consequence of the former as the deluge is much discussed everywhere, but it is really the latter that truly incensed me. There is a major difference in rights between a citizen and a resident debtor to the GOS. Residents (or migrants if you prefer) can cash out anytime they cease to work in Singapore. Citizens cannot. That is the equivalent of a different class of securities, one with more rights but yet the same returns, being extended to Residents in Singapore. So to you, citizens of Singapore, you are shortchanged not once, but TRICE and yet you still vote in the perpetuators. Yes THREE times since you now have to compete for jobs with these new migrants we welcome with open arms onto our shores. Because from the GOS perspective, the more the merrier since CPF contribution is capped at S$4500.

So, who's your daddy?
 
Warning: Conspiracy Theory below

Not much of a numbers person here, but as I understand it, Singapore's indebtedness comes from its CPF liabilities to its citizens and residents (a GOS euphemism for "migrant workers") in Singapore. i.e. we do not borrow extensively from financial institutions locally and abroad, nor do we activate the printing press. This is the hallmark of prudent governance and public financial management but this is where the praise ends.

Using citizen/resident capital and growing tax base as collateral, GOS can borrow cheaply from financial institutions at its purported AAA rating. Therefore in order to continue doing that after debacle following the GFC, the GOS needs to grow the tax base and cover their losses by 1) importing more migrant workers and 2) delaying payout to citizens.

We can see the consequence of the former as the deluge is much discussed everywhere, but it is really the latter that truly incensed me. There is a major difference in rights between a citizen and a resident debtor to the GOS. Residents (or migrants if you prefer) can cash out anytime they cease to work in Singapore. Citizens cannot. That is the equivalent of a different class of securities, one with more rights but yet the same returns, being extended to Residents in Singapore. So to you, citizens of Singapore, you are shortchanged not once, but TRICE and yet you still vote in the perpetuators. Yes THREE times since you now have to compete for jobs with these new migrants we welcome with open arms onto our shores. Because from the GOS perspective, the more the merrier since CPF contribution is capped at S$4500.

So, who's your daddy?

Don't pretend to be clever and try to claim that Singapore does not print money.

They have been printing excessively and ran ahead of gdp since 1997.

Otherwise interest rates wouldn't be at current rates. So stop misleading the readers here.
 
Einfield said:
Base on 17% annual return from temasick's report, compound
It for 40 years, we should have a few Trillions, not 500B
Does this include investments that have no return? Does it include investments that have been written off?
 
it should not be call sovereign wealth fund, it should call taking the people money by force and one family gamble it away in equivalent of international casino. He did great thing for the country but trying to hold on to a job he is not qualify to do is so wrong.
 
Don't pretend to be clever and try to claim that Singapore does not print money.

They have been printing excessively and ran ahead of gdp since 1997.

Otherwise interest rates wouldn't be at current rates. So stop misleading the readers here.

Friend, I don't have the figures to back up what I say. But what you read on money supply growth exceeding gdp growth in 1997 was probably due to a sharp decline of gdp one or two years following the Asian Financial Crisis.

The reason interest rates are low is probably because financial institutions desperately want to lend the GOS in Sing dollars. Competition pressures force down the interest rates they expect from lending to a creditworthy borrower. There may also be an international angle as well since the largest borrowers of international credit, US and Japan, have record low interest rates.

Finally governments always print money. I am sorry I made a baseless opinion that the GOS doesn't do it extensively. I was under the impression that they are prudent and responsible. I should have done conducted proper academic research, peer review and raised relevant statistics to back me up when posting on SBF. I am deeply ashamed of my own actions.

Tell me what you know. I am all ears.
 
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This guy opens his mouth and shows how stupid he is. What kind of cock economist who only looks at one side of balance sheet. Even the A-level economics student better than him
 
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hey you ok or not? How come no PRCs mentioned. Go swallow some Panadol and chase it down with arsenic


This guy opens his mouth and shows how stupid he is. What kind of cock economist who only looks at one side of balance sheet. Even the A-level economics student better than him
 
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