CPF was "100 per cent safe''

(26-06-2014, 04:41 PM)freedom Wrote:

(26-06-2014, 04:22 PM)Temperament Wrote: i wonder too. But from different angle. Singapore being a little RED DOT i wonder why can't most of the opposition parties combine to form a strong, viable party that can at least replace 1/3 of the PAP member in Parliament. Until that happens in Singapore, i think there is no chance for the people of Singapore to have a real voice in Parliament.
i suppose everyone want to be the leader, sub leaders of the opposition party is one of the reason.

Let's see how many % of vote for PAPY in this coming GE.
i think PAPY doesn't care or worry too much.

Till then PAPY WAN SUI, WAN, WAN SUI.
Do i really have a choice?

You don't sound like people of your age. How could you make such statement that "Until that happens in Singapore, i think there is no chance for the people of Singapore to have a real voice in Parliament."? This is a big accusation of more than 50% of voters who votes for PAP not being the voice of the people of Singapore.

I can understand your frustration, but your statement does no good to you, or the people you vote for.

i simply mean after the five year one man one vote, does it means all the people who voted for the G has to accept everything the G "rubber stamp" in Parliament for the next 5 years?
And what about the people who didn't vote for PAPY?
Also better KWAI KWAI for the next 5 years?
Or else.....?
( i mean whoever is the G (not necessary PAPY) can't or shouldn't just roll over the citizens with rubber stamping in Parliament for the next 5 years after GE).

Right now we only has the Speaker Corner to KPKB.
And then what?
Who can veto the PAPY from "rubber stamping" in Parliament?
Nobody - for coming to 50 years already.
To me is Singaporeans manifesting 4 Ks characteristics at it's peak already.

(26-06-2014, 04:49 PM)freedom Wrote:

(26-06-2014, 04:40 PM)Temperament Wrote:

(26-06-2014, 04:33 PM)freedom Wrote: Temasek is such a small part of the Singapore government, yet, it often seems that the only income of Singapore government is from Temasek.

No. The major income of Singapore government is from tax. check the 2014 budget.

http://www.singaporebudget.gov.sg/budget...iture.aspx

Out of 59.51 billion revenue, 13 billion comes from corporate income tax, 8.8 billion from personal income tax, 10.1 billion from GST, etc.

How much does Temasek contribute to government revenue? net investment return contribution(I believe most should come from Tamesek), 8.1 billion.

Ha! Ha!
It seems our CPF's interest rate should be better soon. No? Especially it's really for our retirement and not so many other , other things like housing....etc..

Not necessary. check the expenditure of the government.

http://www.singaporebudget.gov.sg/data/b...diture.pdf

table 3.3

11.5 billion to be spent on education, 7.1 billion to be spent on health, 12.6 billion to be spent on defense, 4.2 billion to be spent on home affair and 6 billion to be spent on transport, etc.

I am not sure whether any of the major expenditure should be cut so that the CPF return should be better.

What do you think of it?

i think many local economists do not agree with the way our G does its sum. (Which can mean that our Annual GDP surplus should be more). i am quite sure of that even though you have asked me who is just "a-man-in-the street" who know nuts about how the G does its sum.
But i know the number of years of our G's GDP surplus is beyond imagination. We are that rich as far as the G is concerned.

I am not sure where this is going. But I hope you are not suggesting the Thai way that even minority can just protest to throw out a government which has the majority support.

I am not sure who "we" stands. The whole nation of past, current and future generations of Singapore or only the current generation. Quite a lot of the wealth created by the past and current generations went into the reserve. Should the reserve simply be depleted by the current generation? I am not sure this is the right path.

i mean is a one party majority in parliament real democracy?
Where all you have to do in Parliament just "Rubber Stamp"?
We need a >1/3 minority in Parliament to represent some dissenting voice?
If not how come Singaporeans has become about 60 % left?
What will happens if Singaporeans is less then 40% then?

(26-06-2014, 03:30 PM)Temperament Wrote: So far historically, how many SWG Fund had defaulted?
i mean any G can default is no surprise to us.
Some people even thinking one day US may default on it's bonds or debts.
But the point is:-
Nevertheless, you still have to vote in a new G before you know what they going to do with the former G's bonds or debts or any other things.

In my post #2 of this thread (see below) I already explained that govt don't default on local currency bonds because they can simply run the printing press. I'm not sure why you keep talking about this?

Govt only default on FOREIGN currency bond. See the Argentina thread for a real time update of an actual default in progress

USA is one of the few countries in the world that actually has a debt limit. It was originally designed to prevent the govt from overspending and eroding the purchasing power of the Americans. But it has in recent years caused much controversy on the logic and the implementation. If USA defaults it is not a structural issue, it is a legislative issue.

(23-06-2014, 02:18 PM)specuvestor Wrote: Funny why he use the past tense

Like my post below, getting your CPF money back in SGD is not the issue. When the organisers talk like that, you know they don't really understand the issue.

"And many people don't understand and keep saying they want their money back to know the money is there. Certainly in VB we had discussed many threads on this: you do not need to be afraid of not getting your CPF in SGD back. MAS can print the SGD for you. That is not the issue. Issue is what the SGD is worth ie purchasing power. "
http://www.valuebuddies.com/thread-5216-...l#pid85739

Simply put any G can keep on printing money but the world trade base currency is still US $. For that matter a lot of country's citizens still only like to keep US $. They will gladly exchange their country's money to US $.
Now can anyone tell me why Singapore $ is appreciating viz a viz to other country's money?
Because we import everything - one of the reasons?

ai yo, T.
how could a country import everything has a high exchange rate?

how is it possible?

if this is possible, then every country don't export and keep importing law,

I think it's a miracle that a country kept importing things and yet it's currency is so strong!

Love Compassion


Earth day - save the world everyday.

(26-06-2014, 10:35 PM)chialc88 Wrote: ai yo, T.
how could a country import everything has a high exchange rate?

how is it possible?

if this is possible, then every country don't export and keep importing law,

I think it's a miracle that a country kept importing things and yet it's currency is so strong!

Love Compassion


Earth day - save the world everyday.

Sorry, my England is not so good causes you to misunderstand. i mean our $ has to be strong because we import almost "everything". And i agree it's a miracle. This i give credit to our G.

ai yo, we all try our best to speak English too.

from time to time, some one will say I am in Germany.

so Pai Say.

I think must be my English that caused their confusion.

what to do?

LC


Earth day - save the world everyday.

(26-06-2014, 10:56 PM)Temperament Wrote: i mean our $ has to be strong because we import almost "everything". And i agree it's a miracle. This i give credit to our G.

Now you understand the need for having our strong reserves.