Tsunami of immigrants from Europe/ USA immigrants to SE Asia? But are Singaporeans pr

[bic_cherry]

[Prepared?]Tsunami of immigrants from Europe/ USA immigrants to SE Asia? But are Singaporeans prepared?

Today, there is alleged inflation due to capital outflows from USA(FED) Japan due to their aggressive Quantitative Easing (QE) aka print $$$ policies. Today these large countries export $$$ into Asia, tomorrow (or has it started?) they will export immigrants in large numbers... perhaps the PAP is now building more HDB flats in preparation for their arrival... whatever the case, vegetables at NTUC will no longer cost the same as they cost now...

Lots of cheap labour for our PAP Ministers to hire/ make as new citizens.

But are Singaporeans prepared for this tsunami of immigrants?

PS: Pls be gentle in your comments. True, the title might be slightly alarmist though one cannot deny that immigration is here. Your opinions about the inadequacy of quantitative easing as opposed to more definite (sacrificial help) by USA politicians is appreciated (e.g. cutting bankers salaries, increasing taxes for the very rich in USA rather than just printing more $$$, spending on education and healthcare research rather than just buying mortgage bonds (FED now buying US$40Billion/mth)(making USA property overpriced to new immigrants) etc etc.)


Reference: my post at another forum:

An exodus of Europeans and Americans to China and SE Asia in the near future?

From thread: Gold Price Watch
See..that's just it....the FED can but won't raise rates simply because the banks still have all the garbage that started this mess on their balance sheets. Then take into consideration the amount of debt the US is in and start calculating debt service. There is no way they can raise rates to anything meaningful in order to suck the liquidity back out of the market. Raise rates to fight inflation = banks fail + debt service becomes unsustainable. The stress tests performed on the banks are a joke. They come to their conclusions based on phony assumptions such as rates staying at zero.

FED is out of ammunition. If they do what they need to do then we are going into a deep depression. If they continue on this path then hello Wiemar republic. The difference between us and the Weimar republic is that the dollar is the worlds reserve currency. Other nations namely emerging markets are not going to continue to import our inflation and are going to fight to change reserve status for the dollar. We either allow that to happen and the dollar collapses or we go to war.

Then again...I may be wrong...maybe the US dollar and the FED are not subject to the same laws of economics and human action. Maybe they are impervious.[bold font added]

Nothing is not subject to the economic force of nature... agreed the FED is selling its family 'treasures' (the trust by the world in the USD). China isn't stupid, Chinese are good businessmen AFAIK, many are 1/2 honest (like Americans)... Current Chinese govt is fairly cautious/ sensible (maybe they know that USA has big weapons)... but in future, wont be surprised that Yuan will achieve world exchange status or even gold if the world avoids war along its path to economic progress. Along the way, people will suffer (like Zimbabwe) Wiemar republic like quality of life... the sick and the infirm will die and the living suffer, but life will go on... the ho-hum existence on Earth we all know too well. Inflation in the USA will spike and the FED raising interest rates would become a joke if the world dumped USD for either the Yuan (Indian Rupee? AUD, Sterling) or gold (and gold spikes to USD6000/oz (or higher))... quality of life in USA will go downhill and like the capital outflows from the USA due to FED quantitative easing (QE), an influx of US citizens as immigrants to Asia/ China will occur... such would be the population demographic of the near future.

Tags:
Population, financial, Quantitative easing, economics, politics, poverty, elections, government, employment, debt, progress, charity, citizenship, immigration, housing costs, mortgage, mini-bonds, crisis, financial, tax,

 

[neddy]

Re: Tsunami of immigrants from Europe/ USA immigrants to SE Asia? But are Singaporean

I see more PRC people escaping the economic slowdown and restructuring in China too.

Each migrant to Singapore should bring in enough sand from their country so that they have space to stand on, when they arrive in Singapore.