Serious Singapore spend so much USD to prop up SGD?

[hbk75]

Seems like 1997 days are coming soon. Are you all prepared?

 

[Eisenhut]

So if don't prop up what happen? Sgd will be much stronger right?

 

[hbk75]

So if don't prop up what happen? Sgd will be much stronger right?

dun prop up the sgd will go down to 1.6 to usd.

 

[Eisenhut]

dun prop up the sgd will go down to 1.6 to usd.

Huh really? I thought when we buy other currency like USD we are weakening our own currency and strengthening other currency?

 

[hbk75]

Huh really? I thought when we buy other currency like USD we are weakening our own currency and strengthening other currency?

mean pap is dumping usd and then buying sgd to prop up sgd.

sinkapore is a laundry hub where money comes in because it is relatively strong. if weaken too much against usd then all money will flee. then no more cheap housing loans liao.

 

[A Singaporean]

We need to do this so that our million dollar ministers are not disadvantaged by being paid in SGD.

 

[hbk75]

We need to do this so that our million dollar ministers are not disadvantaged by being paid in SGD.

else lugi then they will become corrupted.

 

[Loofydralb]

Seems like 1997 days are coming soon. Are you all prepared?

Looking forward with glee and the anticipation on many flying bodies jumping out the window of their fancy condos.

Maybe should buy shares of funeral and undertakers.

I looked at the numbers again, SG is in deep shit but safe from people like Soros.

 

[syed putra]

Seems like 1997 days are coming soon. Are you all prepared?

Russia will destroy USD first.

 

[red amoeba]

so we burn one third of our reserves to buy vaccines that have proven thus far to be ineffective?
Whole fucking MOF sleeping on the job?

 

[hbk75]

Looking forward with glee and the anticipation on many flying bodies jumping out the window of their fancy condos.

Maybe should buy shares of funeral and undertakers.

I looked at the numbers again, SG is in deep shit but safe from people like Soros.

U got ask pap how much reserves we have now? Fed hiking 0.75% on 1st Nov to 4% liao

 

[Loofydralb]

U got ask pap how much reserves we have now? Fed hiking 0.75% on 1st Nov to 4% liao

4% is the interim. It may go as high as 6-8%. And if MAS does not defend the SGD what will happen?

So likelihood SG interest rate may shoot to 7%, which I think will be the highest it will go.

Or nuclear war will come first. USA will not allow anyone to push them off the throne.

 

[hbk75]

4% is the interim. It may go as high as 6-8%. And if MAS does not defend the SGD what will happen?

So likelihood SG interest rate may shoot to 7%, which I think will be the highest it will go.

Or nuclear war will come first. USA will not allow anyone to push them off the throne.

If 8% then lentor modern how?

 

[eatshitndie]

cny trending 7.169 liao. commies can’t compete.

 

[laksaboy]

so we burn one third of our reserves to buy vaccines that have proven thus far to be ineffective?
Whole fucking MOF sleeping on the job?

They get kickbacks lah. Why do you think Ho Jinx joined Wellcome Trust (Wellcome Leap)?

Hint: Bill Gates, GAVI, CEPI, COVAX.

 

[Loofydralb]

If 8% then lentor modern how?

Chinese with cash in suitcases.

 

[hbk75]

Chinese with cash in suitcases.

I dun think rich china man will buy ulu condos.

 

[nightsafari]

View attachment 164430


Seems like 1997 days are coming soon. Are you all prepared?

I can't decide which number is more impressive :

1. Singapore spending MORE than Japan to shore up their native currency;
2. Japan spending that amount and still 23% drop;
3. 31.5% reserves gone. Implication is that total reserves were only 408 bn at 2021? Either way, that's almost 1/3 of reserves gone. quite a shocking number.

Thanks for the post.

 

[hbk75]

I can't decide which number is more impressive :

1. Singapore spending MORE than Japan to shore up their native currency;
2. Japan spending that amount and still 23% drop;
3. 31.5% reserves gone. Implication is that total reserves were only 408 bn at 2021? Either way, that's almost 1/3 of reserves gone. quite a shocking number.

Thanks for the post.

Imagine when fed hikes 2 more times by Dec 22. How much reserves pap needs to spend again?

 

[eatshitndie]

Imagine when fed hikes 2 more times by Dec 22. How much reserves pap needs to spend again?

additional $69b.