S'pore to raise retirement age to 64 in 2026

[sbfuncle]

Leetirement age going up means the gov is useless.
A good gov is supposed to make the Leetirement down and not up.
Fuck canto leng and LW

Similarly the gov is proud that 50% of sinkies doesn't need to pay income tax and the criteria in order not to pay is a chargeable income of less than 20k

Fuck canto leng and LW deep deep

 

[sbfuncle]

Similarly the gov is proud that 50% of sinkies doesn't need to pay income tax and the criteria in order not to pay is a chargeable income of less than 20k

Fuck canto leng and LW deep deep

View attachment 219083

And similarly the gov was proud to announce 1.5mil qualified the topup of medisave and criteria is to earn less than $34k.

Fuck canto leng and LW deep and deeper.

Chitchat Thread '1.5mil sinkies earn less than $34k p.a'

Jul 21, 2024

https://www.channelnewsasia.com/sin...heme-cash-payouts-medisave-topups-mof-4456606

• sbfuncle
• Replies: 63
• Forum: The Courtyard Café

 

[True Believer]

That is very book theory. Does not reflect reality. No companies give a fuck what the govt say.. profit is the thing. If you reach certain age and the company feels that u are a liability. Bye bye to ur job.

Our pro-business and pro-employer govt says that the official retirement age is a guideline (not law), so employers could not care less about. The are able to fire a senior staff by citing poor work performance which is subjective.

 

[sbfuncle]

And similarly the gov was proud to announce 1.5mil qualified the topup of medisave and criteria is to earn less than $34k.

Fuck canto leng and LW deep and deeper.

Chitchat Thread '1.5mil sinkies earn less than $34k p.a'

Jul 21, 2024

https://www.channelnewsasia.com/sin...heme-cash-payouts-medisave-topups-mof-4456606

• sbfuncle
• Replies: 63
• Forum: The Courtyard Café

Hence of course gov need to raise the Leetirement age or else many sinkies will jump.
And the gov is proud to announce this.

Noone dare to beat canto leng and LW to puppy?

 

[k1976]

55 still can take out extra $$$$ from CPeeeF?

 

[batman1]

In red dot,if no money,must work until u die.

 

[cockie]

You hit the nail squarely on its head! Based on the experience of many of my ex-classmates, the axe tends to fall in the private sector by age 45. Some of them bounced back to white collar positions similar to their last job, but most fell off the cliff to either be self-employed or doing gig work far beneath their experience and qualifications.

Well… there are Foods Delivery Jobs, Drive Grab, Collected Waste Paper Cardboard, Hawker Centre Dish Washers and Collectors for Singaporean above 45……

 

[syed putra]

Good move. Will reduce dementia. After 64, I suggest retirees have option of working as consultants.

 

[k1976]

Leetirement age going up means the gov is useless.
A good gov is supposed to make the Leetirement down and not up.
Fuck canto leng and LW

They vapourise the purchase power of SGD as curry cheekon Mee selling for $8.5 now …. It is only $4 in 2020

 

[k1976]

https://seekingalpha.com/article/4778446-gold-not-going-up-money-losing-value

Gold Isn't Going Up - Your Money Is Just Losing Value​

Apr. 26, 2025 3:00 AM ETSPDR® Gold Shares ETF (GLD), IAU, GLDM, SGOL, BAR, IAUM, OUNZ, AAAU, XAUUSD:CURDBP, GLTR, JJP, GLD, IAU, BAR, SGOL, OUNZ, GLDI, GLDM, AAAU, BGLD, IGLD, GBUG, IAUM, PHYS, UUP, USDU, UDN, FXB, GBBEF, EROTF, ULE, EUO, FXE, FXF, FXA, FXC, FXY, YCL, YCS, XAUUSD:CUR3 Comments

Money Metals Exchange
4.27K Followers
Play(10min)

Summary​

• Inflation is caused by the growth of the money supply, and gold is a strong hedge because it rises alongside it.
• I realize there’s a noticeable discrepancy between the roughly 80% loss of purchasing power in terms of gold and the 31% loss according to official CPI data.
• Gold is soaring because fiat currencies—including the U.S. dollar—are taking yet another hit to their purchasing power.

Guido Mieth




By Jesse Colombo

 

[k1976]

Inflation is caused by the growth of the money supply, and gold is a strong hedge because it rises alongside it.

Whenever gold rises and I get excited as a gold investor, I’m often met with the familiar refrain: "Gold isn’t really going up—the dollar is just losing value."

I used to brush that off as a cliché or a semantics game, and honestly, it annoyed me. But eventually, I decided to dig deeper. I started analyzing the data visually—my favorite way to learn—and that’s when it really clicked: they were right.

Gold wasn’t so much soaring as fiat or paper currencies were quietly eroding. Since then, I’ve made it a mission to help others see this clearly, too—through compelling charts that drive the point home. And that’s exactly what I’m going to show you today.

Let’s start with a clear visual: the chart below shows gold’s performance since 2007 in several major world currencies: the U.S. dollar, euro, British pound, Swiss franc, Canadian dollar, Japanese yen, and Australian dollar. While not an exhaustive list of global currencies, this group provides a solid and representative sample for the points I’ll be making throughout this piece.

As the chart reveals, gold has surged by roughly 400% in most of these currencies—with gains ranging from a low of 238% in Swiss francs to a staggering 651% in British pounds.

 

[k1976]

Next, I’ll present the same data from a different perspective—this time highlighting the purchasing power of each currency relative to gold, or in other words, how much physical gold each currency could buy over time.

Since 2007, the major world currencies featured in this article have lost approximately 80% of their purchasing power when measured against gold. On the low end, the Swiss franc has declined by about 70%, while the British pound has suffered the most, with an 87% loss.

This chart offers compelling visual evidence of a critical truth: gold isn’t actually rising in value—fiat/paper currencies are losing purchasing power at an alarming rate:

 

[k1976]

So why are we using gold as the yardstick? Because it’s the most reliable monetary yardstick in history.

For over 6,000 years, gold has served humanity as the premier form of money and store of value. While it temporarily fell out of favor starting in the 1970s, it’s now making a powerful comeback as the world begins to recognize the deep flaws in our fiat money and monetary system—flaws that have led to rampant inflation and terrifying financial instability.

That’s why people around the globe are turning back to gold in increasing numbers, helping drive its price to nearly double over the past five years. And in my view, this move is still in its early stages.

If you're skeptical about using gold as a yardstick for measuring currency purchasing power, rest assured—its decline is confirmed by other metrics as well. The most widely used is the Consumer Price Index (CPI), which tracks the average change in prices over time for a fixed basket of goods and services.

I calculated the average CPI for the major world currencies referenced throughout this article and found that, on average, they’ve lost 31% of their purchasing power since 2007.

The resulting chart closely mirrors the gold-based purchasing power chart shown earlier, with the steepest declines occurring during two key periods: 2007 to 2012 and 2020 to 2023—both of which were periods of heavy monetary expansion during recessions.

Now, I realize there’s a noticeable discrepancy between the roughly 80% loss of purchasing power in terms of gold and the 31% loss according to official CPI data.

 

[True Believer]

Well… there are Foods Delivery Jobs, Drive Grab, Collected Waste Paper Cardboard, Hawker Centre Dish Washers and Collectors for Singaporean above 45……

Those blue collar jobs come under the self-employed or doing gig work far beneath their experience and qualifications which I alluded to in my previous post.

 

[k1976]

Good move. Will reduce dementia. After 64, I suggest retirees have option of working as consultants.

Dish washing consultant, Toilet cleanliness consultant, cardbroad exercise consultant

Kym?

 

[True Believer]

Dish washing consultant, Toilet cleanliness consultant, cardbroad exercise consultant Kym?

The CEO jobs have all gone to CECAs.

 

[k1976]

The CEO jobs have all gone to CECAs.
View attachment 219110

Help to oversee consultant working hard

 

[k1976]

More Swiss Standard of living…US not ready to lower 10pc tariff on Singapore imports but both sides to continue talks, says DPM Gan​

Malay Mail
Sat, 26 April 2025 at 7:44 PM GMT+81-min read

Malay Mail
SINGAPORE, April 26 — The United States is not prepared to lower its 10 per cent tariff on imports from Singapore, but both countries have agreed to explore ways to deepen their economic ties.

In a LinkedIn post today, Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong said he had a “productive” virtual meeting with US Secretary of Commerce Howard Lutnick on April 25 to discuss bilateral economic and business ties, according to The Straits Times.

“I noted that our bilateral trade and Singapore investments support around 350,000 American jobs, and that the US has enjoyed a consistent trade surplus with Singapore which amounted to US$30 billion (RM131 billion) last year,” he said.


Gan added that Lutnick acknowledged the excellent and balanced trading relationship between Singapore and the US.

“While the US is not prepared to lower its 10 per cent baseline tariff, we agreed to explore how we could deepen our economic links positively and we will continue to discuss the practical way forward,” he said.

Gan, who also chairs the Singapore Economic Resilience Taskforce, said he welcomed Lutnick to visit Singapore and looked forward to strengthening the Republic’s trade and investment partnership with the US.

On April 2, US President Donald Trump imposed sweeping tariffs on many countries, including a 10 per cent duty on imports from Singapore which took effect on April 5.