You sinkies didn't lose $40billion, you have lost ALL that Temasick. Looks like their new charter allows them to operate as a private entity. Not long later, GIC will also follow along.
Sinkies' reserves, "saved for a rainy day" will never come because even when the world sees its worst economic downturn, the reservesa are still not used for sinkies. So, when will the reserves be used for sinkies?
NEVER!
Your reserves belong to the pappies and their cronies.
If I steal $100 but 'pay' myself $10 and give the rest to someone else, does that make me a $10 thief or a $100 thief? Sinkies will answer, "no crime! The $10 is a huge discount over what an enginner earns as a financial genius that the world cannot match in terms of ability and integrity."
When you sinkies trusted an ex-kempetei to run your country and for another ex-kempetei to be your president, you know you yourself cannot be trusted to make any decisions on moral grounds.
Sinkies' reserves, "saved for a rainy day" will never come because even when the world sees its worst economic downturn, the reservesa are still not used for sinkies. So, when will the reserves be used for sinkies?
NEVER!
Your reserves belong to the pappies and their cronies.
If I steal $100 but 'pay' myself $10 and give the rest to someone else, does that make me a $10 thief or a $100 thief? Sinkies will answer, "no crime! The $10 is a huge discount over what an enginner earns as a financial genius that the world cannot match in terms of ability and integrity."
When you sinkies trusted an ex-kempetei to run your country and for another ex-kempetei to be your president, you know you yourself cannot be trusted to make any decisions on moral grounds.
