Is SInKapore bankrupted, greatest con job of the century?
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The thing that scares me about Singapore goverment is their Friendlyness with the Americans...
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what to do, their 7th fleet is just around the pacific
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Originally posted by angel7030:
what to do, their 7th fleet is just around the pacific
hmmm... the 7th fleet will take about 3 days to reach us, vietnam got about 700,000 soldiers just around 2 hrs by air from us, go a bit further up north, the chinese has about 2 million soldiers there, you scared or not?
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Originally posted by sgdiehard:
hmmm... the 7th fleet will take about 3 days to reach us, vietnam got about 700,000 soldiers just around 2 hrs by air from us, go a bit further up north, the chinese has about 2 million soldiers there, you scared or not?
They are already here.
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I meant figuratively die kind of die not die - (x.x) kind of die guys -_-
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Originally posted by sgdiehard:
hmmm... the 7th fleet will take about 3 days to reach us, vietnam got about 700,000 soldiers just around 2 hrs by air from us, go a bit further up north, the chinese has about 2 million soldiers there, you scared or not?
Me scared??? no lah, I was facing war in the strait of taiwan where with my bino, i saw the red army waving at me like ten years never see a gal, what scare are you talking about. I am just hoping the 7th fleet can come around again, so that my pubs business can have some bonuses from those Marines -
Originally posted by gUms:
The thing that scares me about Singapore goverment is their Friendlyness with the Americans...
you still don't know why ah ?
becoz the jews are controlling US and us...............
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Originally posted by angel7030:
Me scared??? no lah, I was facing war in the strait of taiwan where with my bino, i saw the red army waving at me like ten years never see a gal, what scare are you talking about. I am just hoping the 7th fleet can come around again, so that my pubs business can have some bonuses from those Marinesalamak..........if you keep screwing those AngMohs................you'll have to masturbate with a cucumber in future............
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Originally posted by Asromanista2001:
alamak..........if you keep screwing those AngMohs................you'll have to masturbate with a cucumber in future............
there is a medical surgery to cure it, you dunno meh, so dun think u are having virgin hor -
maybe already bankrupted ! just look at the huge amount of money the government lost on overseas investments
nobody has a clear idea of whether Temasek is making money on the overseas investments because the account is not audited , everything is covered up like a black box
the worry, is that they lose too much, by the time we retire, we may not have enough money left in our CPF to cover our old age living
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they already not enough funds to cover CPF long long long ago............
that's why new flats keep going up...............to deplete your CPF funds at one go...............and transfer the burden to the private market............
and they keep raising retirement age to defer payments to the old people.................
the game is almost up................don't tell me they raise retirement age to 100 years-old...............
or new flats cost 500000 bucks..........
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To put TS original post in perspective:
This is the note accompanying Singapore's debt figures at the CIA World Fact-book, which is the source of information for the wikipedia page TS quoted, but TS might have missed it. "note: for Singapore, public debt consists largely of Singapore Government Securities (SGS) issued to assist the Central Provident Fund (CPF), which administers Singapore's defined contribution pension fund; special issues of SGS are held by the CPF, and are non-tradeable; the government has not borrowed to finance deficit expenditures for more than 20 years"
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what PAP did was simply using CPF as an excuse..............
they spend so much on fat salaries on so many high-ranking people in the civil service and SAF...............
so there's virtually no money left for CPF.................hence the borrowings...........
they using CPF shortfalls as excuse to cover up budget deficits only....................
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So, u mean all the CPF monies are gone lah ie every month all the workers' CPF conributions go to CPF Board and then the government borrows from the CPF Board to spend ?
You must have won the best detective prize in the world for the year 2010 leh.
Wake up, wake up, it is already past 9 am, wake up and you go to work and earn money to contribute to CPF board at the end of the month.
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That's why we need more people to become citizens to contribute to CPF.
Really.
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Originally posted by Devil7030:
So, u mean all the CPF monies are gone lah ie every month all the workers' CPF conributions go to CPF Board and then the government borrows from the CPF Board to spend ?
You must have won the best detective prize in the world for the year 2010 leh.
Wake up, wake up, it is already past 9 am, wake up and you go to work and earn money to contribute to CPF board at the end of the month.
"all the workers' CPF conributions go to CPF Board and then the government borrows from the CPF Board to spend ?" by devil.Correction. Govt takes, where got govt borrows from CPF one leh.
Pupil Devil, See Me after recess!!
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PAP ministers give themselves the highest ministerial paid in the world.If someone says that they didnt corrupt,who will believe?
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Not sure what these public debts are in sg. I suppose it is borrowing by the government from banks????
Sg should have significant amt of CPF+tax collection (income) that generate huge amt of surplus that go into GICs. These monies probably ended in USA or lost throgut investing in Goldman, or American banks etc. This is diff from the country reserve which include net surplus of money flow in and out of Sg (like investments into Sg or Monies parked by PRC Chinese, Indonesian or maybe a Indian riches).
Hence, if foreigner suddently lose confident in Sg, monies can be outflowed (provided it is still in USD and other foreign monies) that will bankrupt most of our banks (especially our local banks) that deposits are loaned to many companies overeseas or GIC now) that cannot be immediately retrieved.
I still find Sg ok provided the GIC can start spread their investments elsewhere from US. I think the Jap did better than Sg with their reserve managed. At least, they pour 90% of their money in domestic markets that in turn help drives most of their R&D and the likes of Sony, Mit etc Jap MNC and small business that benefits their own country most.
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As mentioned by Chunhow, "note: for Singapore, public debt consists largely of Singapore Government Securities (SGS) issued to assist the Central Provident Fund (CPF), which administers Singapore's defined contribution pension fund; special issues of SGS are held by the CPF, and are non-tradeable; the government has not borrowed to finance deficit expenditures for more than 20 years"
It is imperative to know what is the difference between public debt & external debt.
How the debt notes work in Singapore context.
Much more critical, the difference in value between public debt & external debt.
The ranking of NO 129 Libya and No 1 Zimbawe has not made Libya any better.
Period.
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Originally posted by Wmyongj:
Not sure what these public debts are in sg. I suppose it is borrowing by the government from banks????
Sg should have significant amt of CPF+tax collection (income) that generate huge amt of surplus that go into GICs. These monies probably ended in USA or lost throgut investing in Goldman, or American banks etc. This is diff from the country reserve which include net surplus of money flow in and out of Sg (like investments into Sg or Monies parked by PRC Chinese, Indonesian or maybe a Indian riches).
Hence, if foreigner suddently lose confident in Sg, monies can be outflowed (provided it is still in USD and other foreign monies) that will bankrupt most of our banks (especially our local banks) that deposits are loaned to many companies overeseas or GIC now) that cannot be immediately retrieved.
I still find Sg ok provided the GIC can start spread their investments elsewhere from US. I think the Jap did better than Sg with their reserve managed. At least, they pour 90% of their money in domestic markets that in turn help drives most of their R&D and the likes of Sony, Mit etc Jap MNC and small business that benefits their own country most.
My main bone of contention is the way the gov sarcificed the local aunties and uncles who are nearing the old CPF total withdrawn age and found that they cannot withdraw much at all. That's bad as some of them don't have much in CPF at all after the mandatory minimun being lockout by the gov, they can only get back a few thousands. Most can't find work due to the influx of FloorTraps and some already sick and need the money to pay for their medicine which also has a 7% GST slapped on those medicine. How inhumane can the gov be, especially to all these elderly people who contributed to Sinkapore. If the gov can do all that to people, they must be morally and also finnancially close to meltdown!
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You can screw with ppl who hold public debt, but you cannot screw with holders of external debt.
What can you do if I raise withdrawal age and minimum sum?
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Originally posted by βÎτά:
You can screw with ppl who hold public debt, but you cannot screw with holders of external debt.
What can you do if I raise withdrawal age and minimum sum?
Oh, frankly, if they raise withdrawal age and mini sum, i notice most uncles and aunties will clap hands and cheers, then on their free time...at coffees shops or some leisure places, they will just &^$%^%$#$@@***&XX pui////
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S'poreans..............live like mice............then die like mice...............
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Mickey Mouse is smart and charming, okay.