Hoarding - one of our economic threats
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Keynesian applications must not stop but to continue on if we are to sustain growth and more critically food on our tables! We must not hoard our monies, or we will only by dooming ourselves!
In the US, a worrying trend had been seen. Many are saving more now instead of spending. Continue on, more exports around the world will become stagnant.There is virtue in saving, but hoarding is not saving, it is a selfish act to deny the circulation of money, vital to keep economies moving and food on everyone's table under the capitalist system, regardless if eratz commie or democrat.
1.) In Singapore, a nation of well known savers, had kept banks in the black and healthy. But it is unhealthy to the economy as no one is borrowing funds for expansion and create employment, more so MNCs and SMEs!
Thus the banks must market more attractive terms for them to loan and expand. Speculation MUST never be supported such as creating property bubbles, but if the CBF principles are applied, MNCs and SMEs are in a good position to take loans to create better products for exports, and most critically, create employment for the many here in Singapore - mid management for citizens, and low wage for foriegners vital to keep labour costs down for product exportations.If hoarding persist, then more money will have to be printed for circulation, diving down the current value of hoarded money. There will be ways and means to make the rich turn less miserly and be more socially responsible.
2.) 95% + of Singaporeans are employed. Thus, it is the social responsibility of us all to help the 5%+- unemployed. We cant expect these 5% to spend, for they have no salary to spend on. But the employed has, and must continue to remain employed and contribute to our society, whom had benefitted many thru social spending.
It would be ridiculous and too much to request the 95% employed to spend beyond their means, as wages had been reduced but soon to increase if our recovery is sustainable, with cooperation and hardwork from all.But we have a choice to save some and spend wisely, on cheaper products, which the onus lies on MNCs and SMEs, down to the foodstalls, to creatively packaged their products cheaper and keep living, recreation costs down.
Failure which, our doom will be on hand if everyone hoards their money.
This being a weekend, please circulate your money. This is not a charity call, but a call to spend, and spend wisely.This is the only way we can help the less priviledge, in education and employment, to earn an honest living in providing products and services which everyone needs to take a break with.
Work to live, or live to work? No one in our society wants anyone to be a robot. Do take the deserve break, and help save the economy, not only ours, but the world's as well, as soon as they see the example we set. Keynesian practices must not end!
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This is really a piece of rubbish writing. The American are not hoarding or saving money but clearing their debt. The sooner they clear their debt and start saving for their retirement, the better for the US economy in the long run.
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Can a X-rated Fraud be trusted to write anything with any intelligence ?
If this is not another attempt by a pseudo-intellect at another grab to make another useless grandstanding performance to display its hot gas ideas plagiarized from others whom it wish to imitate.
The bankrupt mind of a X-rated Fraud will believe that by regurgitating all the ideas that are plagiarized from the ministerial talents, it will be make its talent equal in stature to the ministerial talents.
Such backdoor association is only reserved for stand-up comics, knaves and running dogs of the X-rated kind.
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The PAP government is the No.1 hoarder in Singapore, they tax and charge (e.g. CPF, HDB, Taxes, GST, License, Medical, ERP) us so much, there is very little money circulating in the economy.
How do think they hoard so much reserves?
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Originally posted by xtreyier:
Keynesian applications must not stop but to continue on if we are to sustain growth and more critically food on our tables! We must not hoard our monies, or we will only by dooming ourselves!
Beyond the dropping of the word "Keynesian" without the accompanying terms if it is related to its theories or which parts of its applications are being referred to - what does a X-rated Fraud intend to do by "name-dropping" beyond attempting to blow hot gas to elevate its pseudo-intellectual profile ?
In the US, a worrying trend had been seen. Many are saving more now instead of spending. Continue on, more exports around the world will become stagnant.Is the X-rated Fraud calling for its imagined wider audience not to be thrifty to hoard the monies in this troubled times, but to spend more in this uncertain times that will stretch the wages that have been cut and cost of living already increasing faster then wages are increased ?
Did Keynesian envisaged such an economic environment of wage controlled expenditures ?
There is virtue in saving, but hoarding is not saving, it is a selfish act to deny the circulation of money, vital to keep economies moving and food on everyone's table under the capitalist system, regardless if eratz commie or democrat.
Does the X-rated Fraud even have the pseudo-intellect to determine which parts of the much abused wage - that has been cut by more then 20 per cent - can be saved, and which additional amount more saved will become hoarding ?
1.) In Singapore, a nation of well known savers, had kept banks in the black and healthy. But it is unhealthy to the economy as no one is borrowing funds for expansion and create employment, more so MNCs and SMEs!Is Singapore a nation of well known savers that kept Singapore banks in the black, or is the X-rated Fraud hallucinating and misleading with details that this nation of well know savers have 40 per cent of the monthly wages locked away into the CPF ?
Are the Singapore Banks dependent of the private saving accounts to be in the black, or has it not been a fact that the profitability of Singapore Banks is due to a sound financial management of the funds deposited by institutional investors, and large private capital ?
Is the present situation where no one is borrowing, or in this uncertain times - the banks are not lending to allow businesses to operate or to expand ?
Thus the banks must market more attractive terms for them to loan and expand. Speculation MUST never be supported such as creating property bubbles, but if the CBF principles are applied, MNCs and SMEs are in a good position to take loans to create better products for exports, and most critically, create employment for the many here in Singapore - mid management for citizens, and low wage for foriegners vital to keep labour costs down for product exportations.Is the X-rated Fraud attempting to instigate an environment of cheap and easy money to allow the economy to expand, with not a consideration to the fact that the future remains uncertain ?
What does the X-rated Fraud even know about the CBF principle - when even the APEC leadership paid no respect to this but prefer to make countries create a business friendly environment of 'cheaper, better, and easier'.
The X-rated Fraud certainly is naive to think that Singapore's SMEs have the ability to produce 'World Winning Products' that will be sought after by a ready global market ?
If hoarding persist, then more money will have to be printed for circulation, diving down the current value of hoarded money. There will be ways and means to make the rich turn less miserly and be more socially responsible.
Here lies the fraudulent of a pseudo-intellect attempting to impress with its grand standing efforts based merely on the hot gassed concepts, that leads itself to believe that money hoarded in banks will require more monies to be printed !!!
Its characteristics ability to Double-XX itsself has been stated more then once, and is again repeated consistently.
If the Singapore Banks are in the black due to Singapore being a nation of well know savers - would more monies in the Banks allow the Banks to have more capital for its fund managers to generate profits - to keep the Banks in the black ?
If the Singapore Banks are profitable in the deposited monies that they managed - are those monies remaining in the Banks, or are they not circulated in their investment decisions that generate profits ?
Is there a need to print more monies ?
2.) 95% + of Singaporeans are employed. Thus, it is the social responsibility of us all to help the 5%+- unemployed. We cant expect these 5% to spend, for they have no salary to spend on. But the employed has, and must continue to remain employed and contribute to our society, whom had benefitted many thru social spending.Does unemployment at 5 per cent - mean that 95% of Singaporeans are employed ?
Can those that are "under-employed" considered to be part of the 95% employed ?
In the typical plagiarized thinking of a pseudo-intellect, it will even imitate the sound bites of the PAP talent to spoof its own status as being a talent too.
Sadly, the bankrupt mind of a X-rated Fraud will only know how to imitate blindly that "it is the social responsibility of 'us' all to help the 5% +- unemployed" - but will fail to emphasise that it is as much the Elected Government's social accountability and also its social responsibility to look after the unemployed.
The X-rated Fraud must be hallucinating to believe that those Employed can control their destiny or that of the economy to stay employed, and with the purpose of being employed to contribute its help to the unemployed !!!
It is plain imbecilic of the pseudo-intellect to even think that this Government has budgetted any amount for "social spending" that benefit Singaporeans - when for every dollar spent, the PAP Government will demand Singaporeans to pay our part.
It would be ridiculous and too much to request the 95% employed to spend beyond their means, as wages had been reduced but soon to increase if our recovery is sustainable, with cooperation and hardwork from all.The brilliance in the stupidity of the pseudo-intellect is blinding to suggest that with the prospects of wages being increase IF our recovery is sustainable - one should begin to splurge whatever that is left from one's maligned wages.
The X-rated Fraud should thank its creators for passing their DNA to produce such a remarkable talent for the consideration of the Ruling Political Party.
One will have to wonder what has taken so long for an invitation to be received to attend the reknown Tea Party at the Istana ?
But we have a choice to save some and spend wisely, on cheaper products, which the onus lies on MNCs and SMEs, down to the foodstalls, to creatively packaged their products cheaper and keep living, recreation costs down.
Pure wishy-washy hallucinating thinking from a pseudo-intellect attempting to fill up the empty spaces of it hot gassed ideas with nitrogen from its expert indulgence as an ASS.
Since when has it been the "onus lies on MNCs, SMEs to the foodstalls to creatively packaged their products and make them cheaper and keep living, recreation costs down" ?
Where is the role of the Government that has caused the costs of operations high with GST fixed at 7% that brings in embarrassing bumper revenue every year that need to be redistributed back to Singaporeans ?
Where is the Government's responsibility to ensure lower operating costs and cost of living by reducing fuel tax, COE, ERP, and the high vehicle taxes even as ERP has been so extensively implemented ?
Where is the Government's role in reducing costs to families when it will encourage the women to return to the work force, but will impose a $400 levy that is equal to the minimum wages that the foreign maids have to be paid - costing the family a total of $800 per month when it could have been only $400 ?
Where is the Government social responsibility to keep costs down for everyone - including businesses - by lowering the sales prices of land for development, lowering the stamp duties, lowering the development charges as a percentage of the project costs, and most of all to be more transparent in its costings of HDB sales prices ?
It is not surprising that the X-rated Fraud will pretend to be taking actions for the interests of Singaporeans that it will shamelessly claim to be "MY Citizens" - but will not even be truthful to its conscience by pointing the actual responsibility to the role of the Government.
This is the character of the hypocrisy in the X-rated Fraud.
Failure which, our doom will be on hand if everyone hoards their money.
This being a weekend, please circulate your money. This is not a charity call, but a call to spend, and spend wisely.What more can be said of a bankrupt idea from one who will call Singaporeans to spend our way out of recession - when the future remains as uncertain as tomorrows wage increase that the X-rated Fraud can only hope to receive ?
The X-rated Fraud would have regained some credibility if it had claimed that with the prospect of future recovery being positive - the Government should increase wages now, so as to allow Singaporeans with the additional cash to jump-start the economy.
This is the only way we can help the less priviledge, in education and employment, to earn an honest living in providing products and services which everyone needs to take a break with.
With the miserable product of the education standards that the X-rated Fraud had been subjected to, and the pseudo-intelligence displayed, can the less privileged benefit anything from this present Government ?
Even in education and employment - the paltry sums of money dispensed require more money from the hard pressed family budget to be used to cover short-falls.
Does everyone have a common requirement that will allow the MNCs and SMEs to provide a common market for a standardised products and services that will meet the common demand from everyone - who needs to take a break with ?
What kind of voodoo marketing and economics is the X-rated Fraud is intending to impress onto its imaginary wider audience ?
Work to live, or live to work? No one in our society wants anyone to be a robot. Do take the deserve break, and help save the economy, not only ours, but the world's as well, as soon as they see the example we set. Keynesian practices must not end!
Does the X-rated Fraud need "to live" let alone "to work" - when ironically it is an unthinking "robot" with a analog programmed intellect that is no more farcical piece of imitative vegetated sponge ?
Can anyone take a break with the imbecilic reminder of saving the economy ?
Can the spending of 4.5 million people save the world's economy ?
Is it not obvious the grand standing efforts of a X-rated Fraud that will misleadingly claim itself to be an insignificant nobody - (as if a nobody can be significant) - will hope to draw attention to its silliest ideas ?
Can the Keynesian practices be a 'One-size-fit-all' panacea for the Global Economy - as propounded by the resident X-rated Fraud ?
What has the X-rated Fraud offered and developed further - beyond the mentioning of only the word "Keynsian" in its text ?
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Originally posted by deepak.c:
The PAP government is the No.1 hoarder in Singapore, they tax and charge (e.g. CPF, HDB, Taxes, GST, License, Medical, ERP) us so much, there is very little money circulating in the economy.
How do think they hoard so much reserves?
CPF represents 20% of a working man's wages per month over a period of time. These are the people's savings, held in trust in our treasury and to be returned with interest when the time is due. Had anyone been defaulted in payments from CPF, despite the whines and half truths spokened by the dissatisfied? None.
Saving 20% of your wage is not hoarding, for you will still have 80% to play around with - bills, entainment or further savings. Hoarding is when you hoard 80% and spend 10% for bills and 10% for expenses.
Govt tax revenues are for the purposes of social spending, mostly distributed largely for it and if any left over, just like any working men, set aside for rainy days.
Clear? or your prefer the subjective bullshit from the self admitted piece of shit?
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Originally posted by xtreyier:
CPF represents 20% of a working man's wages per month over a period of time. These are the people's savings, held in trust in our treasury and to be returned with interest when the time is due. Had anyone been defaulted in payments from CPF, despite the whines and half truths spokened by the dissatisfied? None.
Saving 20% of your wage is not hoarding, for you will still have 80% to play around with - bills, entainment or further savings. Hoarding is when you hoard 80% and spend 10% for bills and 10% for expenses.
Govt tax revenues are for the purposes of social spending, mostly distributed largely for it and if any left over, just like any working men, set aside for rainy days.
Clear? or your prefer the subjective bullshit from the self admitted piece of shit?
They don't default paying your CPF, they just increase your minimum sum value and withdrawal age. Also, you get much higher "interest" investing in the stock markets.
If it's not hoarding, then explain the excessive reserves.
Social spending? Rainy days?
What kind of social spending does the government partake in? Most of the social spending is derived from Singaporeans (sometimes through donation shows on TV).
Unless you consider PAP Ministers salary to be social spending, then I agree with you 100%.
It has been rainy days for the past 1.5 years.
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Originally posted by deepak.c:
They don't default paying your CPF, they just increase your minimum sum value and withdrawal age. Also, you get much higher "interest" investing in the stock markets.
If it's not hoarding, then explain the excessive reserves.
Social spending? Rainy days?
What kind of social spending does the government partake in? Most of the social spending is derived from Singaporeans (sometimes through donation shows on TV).
Unless you consider PAP Ministers salary to be social spending, then I agree with you 100%.
It has been rainy days for the past 1.5 years.
Deepak, a gentle reminder. Keep to topic. This thread is not about cpf withdrawal. It's about hoarding, espacially by the priviledge.
Thanks
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Originally posted by xtreyier:
Deepak, a gentle reminder. Keep to topic. This thread is not about cpf withdrawal. It's about hoarding, espacially by the priviledge.
Thanks
So by denying citizens the right to withdraw from their CPF, government is not hoarding money?
Think you can't answer it, that's why you sweet under the carpet and tell everybody it's off topic.
Also, there is a misnomer in you using Keynesian Theory for consumers, Keynesian spending is related to government. I think if you really want to learn economics suggest you pick up an Economics textbook rather than getting patchwork information from Thomas Friedman's novel.
Else go to a proper university and study economics before you start crapping in here.
It's recession now, you think workers with their paltry income have alot to spend? Moreover those gainfully employed might need to look after a family member who is currently unemployed.
In Keynes's theory, there are some micro-level actions of individuals and firms that can lead to aggregate macroeconomic outcomes in which the economy operates below its potential output and growth. Some classical economists had believed in Say's Law, that supply creates its own demand, so that a "general glut" would therefore be impossible. Keynes contended that aggregate demand for goods might be insufficient during economic downturns, leading to unnecessarily high unemployment and losses of potential output. Keynes argued that government policies could be used to increase aggregate demand, thus increasing economic activity and reducing unemployment and deflation.
Keynes argued that the solution to depression was to stimulate the economy ("inducement to invest") through some combination of two approaches: a reduction in interest rates and government investment in infrastructure. Investment by government injects income, which results in more spending in the general economy, which in turn stimulates more production and investment involving still more income and spending and so forth. The initial stimulation starts a cascade of events, whose total increase in economic activity is a multiple of the original investment.[5]
http://en.wikipedia.org/wiki/Keynesian_economics
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Wow... This is by far the stupidiest post I have ever seen coming from THE brainwashed citizen.
*Applause*
Truly, stupidity knows no bounds in this example of a human being
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Should anyone be surprised that the X-rated Fraud has no response to all that has been clearly written to debunk each paragraph of its high fallutin statements that are no more then plagiarized works from those with more Talent then it can possibly muster ?
Originally posted by xtreyier:CPF represents 20% of a working man's wages per month over a period of time. These are the people's savings, held in trust in our treasury and to be returned with interest when the time is due. Had anyone been defaulted in payments from CPF, despite the whines and half truths spokened by the dissatisfied? None.
Only an ungrateful X-rated employee will look at its own contribution of 20% as being part of a working man's wage.
Does the Employer's contribution of 20% (or whatever adjusted percentages) into the Worker's CPF account not part of the Worker's Wages ?
When is the due time that the X-rated Fraud will have anyone believe that will be returned to the CPF Account Holders - when it had originally been legislated at age 55, then delayed till age 65, and now converted into CPF Life for maintenance until age 85 ?
Obviously, the X-rated Fraud will have everyone to believe that newly created CPF-Life is good for all, except that it conveniently overlooked that by the time anyone reaches age 85 - any remaining paltry sum left will be return to the aged retiree and no further insurance cover.
Saving 20% of your wage is not hoarding, for you will still have 80% to play around with - bills, entainment or further savings. Hoarding is when you hoard 80% and spend 10% for bills and 10% for expenses.
Is there 80 per cent left for the wage earner to play with - when the bulk of the 80 per cent is used to pay for utilities, phone bills, fuel or public transport, property tax, income tax, ERP charges, and foodstuffs - all provided by Government Linked and Owned Companies ?
With the bulk of the 80 per cent monthly wage going to the Government coffers, and taken out of circulation from within Singapore it is obvious that the dull mind of the pseudo-intellect will not appreciate that the money collected from Singaporeans will be moved into the accounts of GIC andTemasek Holdings - and subsequently the money invested overseas.
Govt tax revenues are for the purposes of social spending, mostly distributed largely for it and if any left over, just like any working men, set aside for rainy days.
Does the PAP Government believe in Social Spending ?
Either the X-rated Fraud is blowing hot gas up everyone's arse, or it is creating its characteristic hot gas to inflate its own worth.
Clear? or your prefer the subjective bullshit from the self admitted piece of shit?
Can the pseudo efforts of a X-rated Fraud clear up anything that is has blown up with so much of its hot gas ?
The X-rated Fraud can certainly be depended for its intimate knowledge on the subject of the piece of nature's processed by-product.
Is it not a surprise that it will grab another opportunity to publicly showcase its infatuation in a love-hate relationship with a piece of its own bullshit ?
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Watch out for these username they are in most probability paid govt employee
Xtreyier
angel7030
laurence82
Superaragon
Rooney9
Herzog_Zwei
You can't miss their arrogance and their stupidity(intellectually lacking and proper education deprived) for they think they are great when serving as dogs to a corrupt regime. -
TO PROPHECY,
this reminds me of the movie Soldier.
they were raised up from babies the moment they popped out from hospital........then they were shipped to a super secret government facility.......then they were exposed as kids to great violence and blood and gore...................then when they were teens they were exposed to elimination and death as the ultimate answer ....then by late 20s they were sent to various unaccountable clandestine government objectives from desolated iceland to the darkest side of the moon killing and murdering all who stand befor them.
sees them all sitting upright on chairs today waiting for their next mission.
but of course they would be replaced by better newer models........as in all things and in every situation.
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In Singapore hoarding wealth has never been a problem or even an issue.
We need not look far, or deep into any demographic surveys, just looking around at your neighbours is sufficient. Do not ordinary HDB heartlanders own cars, do they not lavishly renovate their flats. Do they not endlessly consume junk appliances, keep up with the latest handphone?.
The economic problem is, and always has been since the time of Mr Goh Keng Swee, the mismatch of skills the economy requires. Mr Goh KS puts it as "a square peg in a round hole in the sixties and seventies."
"Can those that are "under-employed" considered to be part of the 95% employed ?"
Atobe has a point there. The "under-employed".
We have such a small pool of human resource, but the wastage is tremendous. Experienced and battle tested managers are ousted to become taxi drivers just because their highest educational qualification is the Cambridge School Certificate Grade 2.
Doctors, lawyers, bankers give up their profession after few years. Square peg in a round hole symptoms. Lower down the ecnomic ladder is general 'any job will do' worker, the failed skillless academic. This is the problem.
The remedy, import the required skills.
Which means foreigners are acquiring useful skills, whilst Singaporeans are acquiring general academic knowledge. The failures of this academic exercise is then streamed into (any) courses that they can enter. So what happens, a young girl I know who graduated with a degree in engineering, is now peddling drugs for a pharmaceutical company.
The problem is the governments' need to micromanage every aspect of our lives. People are looked upon as ball bearings, manufactured uniformedly. Those that make it pass the QC makes the grade, those that don't, are placed at any job that can use them for the time being. Streaming only takes care of the top students, the rest are just fodder for the schooling population.
That is the problem, people are channeled into jobs not of their calling. not hoarding. Singaporeans don't hoard money. I witnessed that myself frequently at Giant Supermarket at Tampines. Its always buy, buy, buy like there is no tomorrow.
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Originally posted by mancha:
In Singapore hoarding wealth has never been a problem or even an issue.
We need not look far, or deep into any demographic surveys, just looking around at your neighbours is sufficient. Do not ordinary HDB heartlanders own cars, do they not lavishly renovate their flats. Do they not endlessly consume junk appliances, keep up with the latest handphone?.
The economic problem is, and always has been since the time of Mr Goh Keng Swee, the mismatch of skills the economy requires. Mr Goh KS puts it as "a square peg in a round hole in the sixties and seventies."
"Can those that are "under-employed" considered to be part of the 95% employed ?"
Atobe has a point there. The "under-employed".
We have such a small pool of human resource, but the wastage is tremendous. Experienced and battle tested managers are ousted to become taxi drivers just because their highest educational qualification is the Cambridge School Certificate Grade 2.
Doctors, lawyers, bankers give up their profession after few years. Square peg in a round hole symptoms. Lower down the ecnomic ladder is general 'any job will do' worker, the failed skillless academic. This is the problem.
The remedy, import the required skills.
Which means foreigners are acquiring useful skills, whilst Singaporeans are acquiring general academic knowledge. The failures of this academic exercise is then streamed into (any) courses that they can enter. So what happens, a young girl I know who graduated with a degree in engineering, is now peddling drugs for a pharmaceutical company.
The problem is the governments' need to micromanage every aspect of our lives. People are looked upon as ball bearings, manufactured uniformedly. Those that make it pass the QC makes the grade, those that don't, are placed at any job that can use them for the time being. Streaming only takes care of the top students, the rest are just fodder for the schooling population.
That is the problem, people are channeled into jobs not of their calling. not hoarding. Singaporeans don't hoard money. I witnessed that myself frequently at Giant Supermarket at Tampines. Its always buy, buy, buy like there is no tomorrow.
Thanks for your participation in this thread.
But IMHO, undervalued or overvalued poses not a threat to economies. Whatever value the employee thinks he is worth, Market Forces determine the avaliability of jobs, created by employers. He agrees to a price and to his role and responsibility, and perform as best as he can.
For example, can a society support every member as doctors? No. COurses may be a choice of all, but the market determines who and how many to support. Law of supply and demand will determine who is successful and who have to take on another job, even if it is undervalued of his potential.
Foreigners are able to come in simply only because they come from education and employment centres that has industries and needs we in Singapore do not have. We are only a pop of 3.2m wherelse they come from pop and industries in hundreds to billions
Thus it would easier for them to take up jobs for new growth sectors our country is just embarking on, for employers have no time to wait for new people to be trained.
Look at the objective view, and then only can solutions come about.
As for your contribution that has a relevance to this thread of ecomomic threats, your view is that the shoppers at malls are not hoarding and hoarding is not a problem.This is most certainly true, but there is a bigger picture of hoarding and the excess of it that you must look into, not just based on shopping aunties lugging bags of necessary goods, and that is the part played by banks, MNCs, SMEs, and priviliedged high earning employees, as I explained earlier.
Cheers.
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Originally posted by xtreyier:
Thanks for your participation in this thread.
But IMHO, undervalued or overvalued poses not a threat to economies. Whatever value the employee thinks he is worth, Market Forces determine the avaliability of jobs, created by employers. He agrees to a price and to his role and responsibility, and perform as best as he can.
For example, can a society support every member as doctors? No. COurses may be a choice of all, but the market determines who and how many to support. Law of supply and demand will determine who is successful and who have to take on another job, even if it is undervalued of his potential.
Foreigners are able to come in simply only because they come from education and employment centres that has industries and needs we in Singapore do not have. We are only a pop of 3.2m wherelse they come from pop and industries in hundreds to billions
Thus it would easier for them to take up jobs for new growth sectors our country is just embarking on, for employers have no time to wait for new people to be trained.
Look at the objective view, and then only can solutions come about.
As for your contribution that has a relevance to this thread of ecomomic threats, your view is that the shoppers at malls are not hoarding and hoarding is not a problem.This is most certainly true, but there is a bigger picture of hoarding and the excess of it that you must look into, not just based on shopping aunties lugging bags of necessary goods, and that is the part played by banks, MNCs, SMEs, and priviliedged high earning employees, as I explained earlier.
Cheers.
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Originally posted by xtreyier:
Thanks for your participation in this thread.
But IMHO, undervalued or overvalued poses not a threat to economies. Whatever value the employee thinks he is worth, Market Forces determine the avaliability of jobs, created by employers. He agrees to a price and to his role and responsibility, and perform as best as he can.
For example, can a society support every member as doctors? No. COurses may be a choice of all, but the market determines who and how many to support. Law of supply and demand will determine who is successful and who have to take on another job, even if it is undervalued of his potential.
Foreigners are able to come in simply only because they come from education and employment centres that has industries and needs we in Singapore do not have. We are only a pop of 3.2m wherelse they come from pop and industries in hundreds to billions
Thus it would easier for them to take up jobs for new growth sectors our country is just embarking on, for employers have no time to wait for new people to be trained.
Look at the objective view, and then only can solutions come about.
As for your contribution that has a relevance to this thread of ecomomic threats, your view is that the shoppers at malls are not hoarding and hoarding is not a problem.This is most certainly true, but there is a bigger picture of hoarding and the excess of it that you must look into, not just based on shopping aunties lugging bags of necessary goods, and that is the part played by banks, MNCs, SMEs, and priviliedged high earning employees, as I explained earlier.
Cheers.
You missed my point.
Singaporeans are spending. No dispute there.
There is still the square peg in the round hole symptoms.
This is the malady. (That cause a doctor to take his life.)
This is the real threat to the economy. The majority of the population in the wrong job.
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It is amazing how the bankrupt mind of The X-rated Fraud can exist and to thrive in its hot gas environment that delude the mind into deeper bankruptcy.
One can only wonder if this is not the result of the PAP educational system that had deliberately skewed the contents of the books in social studies, and the de-toxing of syllabus that encourage critical analytical thinking.
It is certainly not possible for the X-rated Fraud to have been a beneficiary of the new PAP efforts in Year 2002 - in which attempts were made to revamp the education system to produce creative and thinking minds for Singapore's Future.
Originally posted by xtreyier:Thanks for your participation in this thread.
But IMHO, undervalued or overvalued poses not a threat to economies. Whatever value the employee thinks he is worth, Market Forces determine the avaliability of jobs, created by employers. He agrees to a price and to his role and responsibility, and perform as best as he can.Does the PAP Government ever allow "Market Forces" to effectively determine the equilibrium in the distribution of scarce resources in Singapore - or has it not been a fraudulent attempt to present an image of progressive actions but will surreptiously move events by their determined efforts to influence events to a deliberated and prescribed outcome ?
Singapore wage is one where the PAP Government will insist to be determined by the NWC - formed by a tripartite of Employers, the NTUC, and Employees.
This tripartite arrangement is already in favor of the Government position when it occupy an extra fourth seat in the previous three seat NWC.
Is the outcome not already pre-determined - when the Employers cannot afford to offend a touchy PAP government filled with its own opinionated talents, most of whom are unproven political appointees taken from academia and are themselves "works in progress" in their insecure positions ?
For example, can a society support every member as doctors? No. COurses may be a choice of all, but the market determines who and how many to support. Law of supply and demand will determine who is successful and who have to take on another job, even if it is undervalued of his potential.The bankrupt mind of a X-rated Fraud with its pseudo-intellect can surely be relied on its extremities like a kid trying to convince a parent on the necessity of its useless argument to be accepted.
Yes, PAPa, what will happen if all we get to eat is only rice - no vegetable, no pork, no sugar, no salt ?
Perhaps the pseudo-intellectual within the X-rated Fraud has failed to recall that the PAP Government had destroyed the careers of several generations of younger Singaporeans, when the PAP Government manipulated the NUS intake quotas for the different faculties in response to the needs of the industries and societies - instead of allowing "Market Forces" to determine where our young talent is best to be deployed.
Has it not been a fact that those applying for medicine will find the quota for that year has been reduced, while the quota for the engineering faculty had increased; and a year later the pendulum will swing in another direction to meet some other ambitious PAP pipe dream to train technocrats or bio-engineers for the New Industries ?
Foreigners are able to come in simply only because they come from education and employment centres that has industries and needs we in Singapore do not have. We are only a pop of 3.2m wherelse they come from pop and industries in hundreds to billionsWhatever happened to those technocrats and bio-engineers that were in excess or failed to meet the requirements of the New Industries that were lured into Singapore ?
Has it not been the case that the newly trained Singaporeans lacked the experience needed, and that it is far more convenient for the success of the New Industries to recruit their "Foreign Talent" that are familiar with their tasks and to these foreign owned New Industries ?
Thus it would easier for them to take up jobs for new growth sectors our country is just embarking on, for employers have no time to wait for new people to be trained.With this weak explanation given - is the X-rated Fraud attempting to cover up the failures of the PAP ambitious pipe dream that failed to create the wished for jobs that will employ those Singaporeans who have been deliberately trained ?
Is this not another confirmation of the unique ability of the X-rated Fraud to again Double-XX its own position again ?
Whatever happened to its arguments for wishful market forces vs government plans to create new jobs for Singaporeans, that finally fall flat when foreign employers will not employ Singaporeans ?
Look at the objective view, and then only can solutions come about.Brilliant and simplistic suggestion from a X-rated Fraud's ability to look at the "objective view" - but what is the "objective" that is viewed by a bankrupt mind ?
Obviously, its wider audience will not expect any "solutions" when no one can even see what is the "view" of the pseudo-intellect with this piece of hot gas thread that is without any "objective".
As for your contribution that has a relevance to this thread of ecomomic threats, your view is that the shoppers at malls are not hoarding and hoarding is not a problem.It will not be a surprise that at this point, the X-rated Fraud will be desparate to take on any opinion piece to be relevant to its thread.
It is pathetically ironic when its fraudulent mind cannot even appreciate that by accepting Mancha's reply to be relevant to this thread begun by the X-rated Fraud, it would have shown the Thread to be hollow - as already seen by several members of its wider audience.
This is most certainly true, but there is a bigger picture of hoarding and the excess of it that you must look into, not just based on shopping aunties lugging bags of necessary goods, and that is the part played by banks, MNCs, SMEs, and priviliedged high earning employees, as I explained earlier.
Cheers.
It is not a surprise for the X-rated Fraud to conceal its "running dog" status to deflect any attention or mention to the responsbilities of the PAP Government.
It is not a surprise that it will only concentrate its syncopanthic efforts to regurgitate the PAP propaganda that it is Singaporeans' responsibility to resolve the a sluggish economy and its continued threat to Singapore's employment situation.
Obviously, it is not a surprise that the X-rated Fraud will not bring any attention on the role and responsibility of the Government towards Singaporeans and leave it all to be resolved by the Citizens ?
What can be expected at the end of a carefully de-construction of the imbecelic works of a X-rated Fraud ?
Sadly, nothing more then another simple exposure of another fraudulent attempt to promote a hollow message intended to reinforce an ambitious thread that had been foolishly started - with the hope of making a grand standing performance to a wishful imaginery wider audience.
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Wow, talk about a messed up world saving is actually bad?
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On the contrary US is in so much trouble because it spent too much. its economy is made up of 71% consumer spending and distributing its fiat currency. Its only a matter of time before countries stopped lending it money and thats when the shit hits the fan
Also, saving is not bad for the economy its good because then banks can then lend to more people to set up businesses, if there is nobody borrowing funds its just simply not a good time yet (or maybe the government is getting so big its crowding out the private industries?)
It is the instigating people to irrationally spend for the sake of 'the economy' and not let the markets be free to run through the times that is the root of all evil whether it is through artificially low interest rates like the US or what you're doing
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Originally posted by Stevenson101:
Wow, talk about a messed up world saving is actually bad?
That's why I said this is by far the stupidiest posting I have seen from the brainwashed citizen.
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Originally posted by ulquiorra87:
On the contrary US is in so much trouble because it spent too much. its economy is made up of 71% consumer spending and distributing its fiat currency. Its only a matter of time before countries stopped lending it money and thats when the shit hits the fan
Also, saving is not bad for the economy its good because then banks can then lend to more people to set up businesses, if there is nobody borrowing funds its just simply not a good time yet (or maybe the government is getting so big its crowding out the private industries?)
It is the instigating people to irrationally spend for the sake of 'the economy' and not let the markets be free to run through the times that is the root of all evil whether it is through artificially low interest rates like the US or what you're doing
Well said. This is coming from a mind with sense.
The original post is from a mind with non-sense.
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Originally posted by soul_rage:
That's why I said this is by far the stupidiest posting I have seen from the brainwashed citizen.
I don't think he's beaten his record post of blaming the rising oil prices on Iran and advocating an invasion though. -
Originally posted by ulquiorra87:
On the contrary US is in so much trouble because it spent too much. its economy is made up of 71% consumer spending and distributing its fiat currency. Its only a matter of time before countries stopped lending it money and thats when the shit hits the fan
Also, saving is not bad for the economy its good because then banks can then lend to more people to set up businesses, if there is nobody borrowing funds its just simply not a good time yet (or maybe the government is getting so big its crowding out the private industries?)
It is the instigating people to irrationally spend for the sake of 'the economy' and not let the markets be free to run through the times that is the root of all evil whether it is through artificially low interest rates like the US or what you're doing
What am I doing? Am I calling for irrational spending? Nope, if anything is irrational, it would be your wild allegations. No where did I say ' Spend unwisely'.
You know that what i say am right, but it is just not in you to agree with someone else, i suppose, thus your attempt to mislead others with your post. Cool it, buddy, aint worth it.
Our domestic market may be small, but it still exists. It is made up of our private clinic doctors, divorce cases lawyers, local architects, engineers, restaurant owners, mom & pop shop owners, hawkers, etc,etc,. These are the people whom need our support.
They too will use CPF to survive, and those who dont will go the way of the dinosaur, for consumers are going the CBF way too. Money MUST circulate, Not Hoarded UP, or you and I will surely be out of job, my personal guarantee.
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Originally posted by xtreyier:
What am I doing? Am I calling for irrational spending? Nope, if anything is irrational, it would be your wild allegations. No where did I say ' Spend unwisely'.
Does a X-rated Fraud that is adapt in the Art of Deception need to be explicit with its pseudo-intellect expressions ?
It should count its own good fortune that its pseudo-intellect has only limited its own damage due to its preference to be vague and economical in expressing the little that it knows about Keynesian Economics, and had simply made superficial nonsensical remarks that lessen the gravity to the effects of its expressed ignorance.
You know that what i say am right, but it is just not in you to agree with someone else, i suppose, thus your attempt to mislead others with your post. Cool it, buddy, aint worth it.
With the X-rated Fraud repeatedly exposed for its dishonest methods - that even extend to cheating its government of a 50 cents parking coupon that it will admit only when caught - can it be trusted for what the expressed remarks from a mind that is constantly suffering a "constipation of ideas" ?
What has the X-rated Fraud mentioned that could possibly allow anyone reading its thread to "know what i say am right" ?
In its typical style, it will turn itself into a self-denial state - to completely ignore all the clearly elaborated and substantiated arguments that were made by several readers who bothered to correct its nonsensical thread.
It is characteristic of the pseudo-intellect within a X-rated Fraud, who will impose on others that anyone who will not agree with its verbiage, must be "just not in you to agree with someone else" - and - "thus your attempt to mislead others with your post"
What has the bankrupt mind of a X-rated Fraud offered - by way of any reasoning and tackle the "attempts to mislead others with your post" ?
Has it not been the repeated performance for the exposed X-rated Fraud to simply whine in its own misery, and slink away from any confrontation to debunk those who it had claimed to attempt to mislead his self-deluded existence of a "wider audience" ?
Our domestic market may be small, but it still exists. It is made up of our private clinic doctors, divorce cases lawyers, local architects, engineers, restaurant owners, mom & pop shop owners, hawkers, etc,etc,. These are the people whom need our support.
How much lower does the X-rated Fraud need to sink to further confirmed its status of being a pseudo-intellect ?
It is brilliant for Singaporeans to speand their money and not save by visiting their private clinic doctors more frequently, and not forgetting to also visit the divorce cases lawyers more frequently too as it will encourage more X-rated X'tra Marital Affairs.
What will the X-rated Fraud have Singaporeans do to engage the services of local architects and engineers - to build new houses that sap the savings that are already too little for one's old age ?
Even for the younger generations - can they accept the X-rated Fraud suggestion to engage local architects and engineers to build dream homes - when the younger generations cannot even plan their future with employment contracts that feature time limits renewable every 3 to 5 years ?
It is amazing that the X-rated Fraud will encourage Singaporeans to spend more, and need not be thrifty to have meals in Food Courts, but to visit restaurants, even as the restaurants must charge food prices at least 2 or 3 times higher then a meal at the Food Court
Obviously the X-rated Fraud is still living in its own "Disini Fantasy World" to think that the corner "Mom & Pop" shop still exist, when these have been muscled out by bigger players that have been encouraged to enter the local retail scene.
They too will use CPF to survive, and those who dont will go the way of the dinosaur, for consumers are going the CBF way too. Money MUST circulate, Not Hoarded UP, or you and I will surely be out of job, my personal guarantee.
What is the worth of a personal guarantee from a known X-rated Fraud, who will cheat on a 50 cent car park coupon - and will deny that Singaporeans have been abused by a Government that insist on monopolising the local political stage ?
The government retains almost 36 to 40 per cent of Singaporeans' monthly wages - and will hoard it till one reaches age 85.
Can Singaporeans spend any more from their remaining monthly wages - when their future is made uncertain as the Government imposed low wages, low bonuses, and lowered CPF, and also forcing Singaporeans to accept that iron rice bowl cannot exist and change to short term 3 to 5 year contracts ?
Can Singaporeans spend any more from their remaining monthly wages and to be less thrifty in a Singapore where the Government do not believe in social welfare - not even allow one's own CPF monies to be released to support those retrenched ?
Can Singaporeans spend any more from their remaining monthly wages when the government has imposed low wages to compete with the labor costs of Third World Countries, but will allow a situation that positioned Singapore with the dubious honor of being amongst the top ten First World Cities with the highest Cost of Living ?
Only the X-rated Fraud will insist on Singapore to contribute more but will not demand any from the Government to ease the sufferings of Singaporeans.
Only the X-rated Fraud will turn a blind eye to the many policy changes that the PAP Government can make to lessen the burden on Singaporeans, and allow the money to circulate within Singapore.
Only the X-rated Fraud will not allow its brilliance to see the necessity for changes to take effect on a range of Government actions that begin with trimming the excess or surplus budget funds from being continuously sent to the GIC and Temasek Holdings - and have both losing billions of money extracted from Singaporeans.
It is simply pathetic that the X-rated Fraud is only interested in its desire to make its grand standing performance with its hollow bankrupt ideas that have been flowing from its pseudo-intellect.
If it can only stay quiet long enough, it can hear the ocean sound that roars through the vast cavity that exist in its skull.