Merdeka Generation Package more like the ‘Sick and Die’ discount vouchers

Merdeka Generation Package its a “Makan You” Budget the way I see it.

Out to lure and trumpet with “BIG” FUND. As all should know, “FUND” is only just a allocation. Not giving it to you.

Example, $8B Billions FUND, but you only meet their criteria to use $100 [One Hundred Dollar] but you will still have to pay the GST tax as per below table whether you have income or no income and you still have to eat and pay bills.

Someone call it more like the “Sick and Die” discount vouchers. You wouldn’t live to enjoy it as you don’t see the doctor or dentist 100 thousand times or live up to 120 years old.

Seeing the table of how much they “take” and comparing with “$100″, I call this F**ucking Insincere lots worse than crooks.

Table below shows estimates of how much money you have lost through GST and will continue to lose, excluding your personal income tax. (Based on 12+1 months take home salary, and 90% spent, 10% saving.)

Take Home Pay —Last 5 Yrs @ 7% —Next 5 Yrs @ 9% —Total Lost

$1,000————–$4,095———–$5,265——-$9,360
$1,500————–$6,142———–$7,8975——$14,040
$2,000————–$8,190———–$10,530——$18,720
$2,500————–$10,237———-$13,162——$23,400
$3,000————–$12,285———-$15,795——$28,080
$4,000————–$16,380———-$21,060——$37,440
$5,000————–$20,475———-$26,325——$46,800
$6,000————–$24,570———-$31,590——$56,160
$7,000————–$28,665———-$36,855——$65,520
$8,000————–$32,760———-$42,120——$74,880

Money so dearly, that could have been your retirement funds.

Please add the income tax, water bills, electricity bills, petrol bills, parking charges, conservancy charges, COE, ECP to the above.

All taxes will hike under the current regime as history have shown.

CPF draw down age may be dragged further. You die also cannot see your money.

GST will not stop at 9%.

Taxes will feed all their husband and wife teams.

What do you think?

 

Act or Regret

 

.

 

Sponsored Content

35 Responses to “Merdeka Generation Package more like the ‘Sick and Die’ discount vouchers”

  • Bapak:

    Those who are doing business with them will want them to stay.
    Those who are not doing business with them will not want them to stay.
    Those who are not doing business with them and still want them stay must be damn stupid – 人不为己,天诛地灭

    GD Star Rating
    loading...
  • oxygen:

    @ Act or Regret

    YOU PUT IT SIMPLY AND BEAUTIFULLY in easy to understand language. The MG Package is what Financial Accountants call – hollow log accounting – a mere provision opened to all kinds of manipulation.

    Act or Regret:Merdeka Generation Package its a “Makan You” Budget the way I see it.

    Out to lure and trumpet with “BIG” FUND. As all should know, “FUND” is only just a allocation. Not giving it to you.

    One pioneer generation incurred over $10K for a cataract surgery at Singapore National Eye Centre and found that he could only access $45 to pay for his bill.

    It came as a RUDE SHOCK of AWAKENING of what this crap of Pioneer Generation Package relief touted by PAPpypolitics. PAPpys PGP plays fast and loose of BAIT-AND-SWTICH politics of vote baiting. Once got the vote in, the PAPpys twist the rules of access to PGP to exclude peasants’ reach whilst touting political propaganda of respect and tribute paid to the founding generation.

    CLASSIC HOLLOW LOG ACCOUNTING of setting aside money BY HEAVILY TAXING THE REST of ineligible peasants class to store money in the “hollow logs” which comes useful of use to bait the Merdeka generation in repeat performance.

    The smarter species of 30% and PAPpys knows these truths irrefutable

    - money not in your hand is NOT YOUR MONEY, the one holding that money in hollow log accounting can and will play hide-and-seek with you with bait-and-switch politics

    - PAPpys are diehard unyielding opponent of welfare provision, they are HOSTILE TO WELFARE POLITICS of a life-time, how can they ever repent except in the deception of vote banking politics?

    - PAPpys ownself-cheque-ownself politics even confessed that they are opposed to inheritance tax imposition but open to property tax (as they claims every one had property wealth so easy of targeting and harvesting), see how cunning sly they are of exploitative self-interest preservation, so forget about they ever thinking about the peasants welfare desperation and needs.

    SO YOUR CATEGORISATION OF BUDGET 2019 MGP AS A SICK-AND-DIE DISCOUNT VOUCHER IS ABSOLUTELY CORRECT – smart peasants, touch wood, don’t want to touch this outcome with even a 100 metres pole if they can avoid it.

    GD Star Rating
    loading...
  • LIONS:

    MGP is like the writer says,A BAGGAGE as it will be funded by higher G$T as is oredy confirmed by Heng $wee Kiat.

    Give 5 cents take back $50.
    Is this a HELP OR HINDRANCE?

    REMOVE GST FOR EXPENSIVE MEDICALS FOR SENIORS RETIREES N JOBLESS.

    GD Star Rating
    loading...
  • Mike:

    @ Act or Regret

    I like to point out the there are some flaws in the assumption made behind the figures in the table. 90% spending 10% saving cannot be the reality for middle/higher income. While higher income earners may spend more than lower income, which is one of the flawed and over simplified assumption made by our elected gov to introduce GST, middle/higher income earners are very unlikely to spend portion of their income at higher or at same percentage of lower income as the cost of basics and necessities are the same and not significantly more.

    So a person making 8k a month is more likely to spend 50% of the income than 90% of the income. While most of his/her income are placed in financial instruments to make more money.

    Therefore in a GST model, the tax collected suppose to redirect as a budget towards the lower income group and/or to support a decent living environment as basic for the people. Unfortunately this is not the picture we get.

    Failing to understand the spirit of the taxation and abused it, we will see the situation like today where the lower income struggles and the higher income supports the gov wholeheartedly.

    It is very difficult for the high income to support a fair society where their money is seen as their money while on the other hand, the saving of CPF of lower income is not seen as rightfully their’s.

    Or CPF had become so twisted and slowly evolved into a complsory tax which eventually we cannot take out. The different is the middle and lower income are the one suffered the most in such system.

    The lowered income can be easily pacified by given goodies while the middle income easily con-ed with words. The higher income need not be convienced as the sum tells the story.

    Very few high income people thinks this is not right for the society.

    In Singapore, the biggest challenge is to wake up the middle income people. And most of them are in the distored dream of bed of roses.

    What is my definition of middle income? In today’s context, they should be earning, per person, at between 6k to 15k per month.

    GD Star Rating
    loading...
  • Power is in your VOTE:

    The only ones who cant see through their wayangs are truly dafts or those who dont want to see.
    “None is so blind as those who will not see”
    (from somewhere in the Holy Book).

    GD Star Rating
    loading...
  • Out of Real:

    @Mike;

    If you are still being fed by your parents, living under their shelter;

    If you don’t own a car, or under any hire purchases, or do you have a life under the current regime?

    If you are not married or hermit or woman [boyfriend fed];

    If you don’t need to give money to your parents to survive

    Hey, Mike [or she] you are probably one of the lucky one around and I think you should stick it to yourself and understand the points of others.

    GD Star Rating
    loading...
  • Con you:

    How many times can the jobless, the retirees tighten their belts. Better use it to hang oneself.

    GD Star Rating
    loading...
  • HarderTruths:

    I think you made excellent points – thank you.
    However you missed one thing.

    CPF is not for you or me it is for the pappies.
    All that money is not something you and me lost – it is what they gained.

    So as long as they are up there they will continue to do what they do best – feed off us like parasites.

    GD Star Rating
    loading...
  • Born tomoro:

    $6 billion divided by 500,000 MG recipients equal $12,000.

    We want it in cash!
    We do not want to polish our teeth at polyclinic everyday to get the fake discount.
    Kee Chiu and other piggies think Merdeka gens were born yesterday.

    GD Star Rating
    loading...
  • rukidding:

    Ha,ha,…@Born tomorrow,…..Sorry lah,…G is taking you all as fools !

    You really think they “willing” to give all $12,000 ????

    Tan Ku Ku !

    They already know only 0.02 % of M Generation will be using this packaged !

    Good to hear ,…like Hero,…like so Caring .

    Actually,…alll Bluff !!

    Did they reveal how many actually “used up all” their PG packaged ????

    They cannot afford to do so,…because it will look like a “scam”…if they did reveal the actual takeup rate !!!

    GD Star Rating
    loading...
  • The Exorcist:

    If i were a MG, i would rather take all my CPF in one lump sum than be given pittance like beggars.
    if I were a MG, i would be very fed-up that the promised COF funds release was not carried out while the age limit and minimum sum continues to grow.
    Too many blind fools believe in the PAP, no wonder the old man said Singaporeans are daft.

    GD Star Rating
    loading...
  • 55 was the original age:

    yup, some ppl who belonged to the MG had passed on in their late 50s or got cancer or other life-threatening sickness in their early 60s, hence cannot enjoy at 65 the revised age. Bo bian lan lan…sigh

    GD Star Rating
    loading...
  • Bobo:

    The attached photo may send wrong signal to the public that MG recipients are overjoyed. Should attached a photo showing the contrast between the poor and the rich MG.

    GD Star Rating
    loading...
  • F**kPaP:

    If I am NOT working and do not have an income, do I pay tax? No? Think again and think hard.
    I still need to live, i.e water, electricity, gas.
    I still need to eat, whether at hawker stalls or buy food to cook.
    I have to pay 7% gst on everything, including my toilet papers.
    HOW CARING IS OUR GOVERNMENT!!!

    GD Star Rating
    loading...
  • Mike:

    @ Out of Real

    Read and understand mate.
    Your message does not deliver anything meaningful other than trying to insult and belittle.

    You had jumped too fast with your speed reading and had understand shit to make deduction.

    Am sorry for the hot gun in you that melt your own pot

    GD Star Rating
    loading...
  • N.Jungne:

    Aiyoh Pension no enough, still want MGP? How much is enough for a Greedy Pig.

    GD Star Rating
    loading...
  • LIONS:

    WHY Heng $wee Keat need$ to up G$T when he dare not advise Lee Ah Long to cut unneccessary spendings like building and maintaining MAUSOLEUM,etc or squanderinging F1 n FT-$cholar$HIT???

    G$T increases burden at a dusparately HIGHER RATE TO THE HAVE-NOTS VIS-A-VIS the WELL-TO-DO like our GOURMET PERM SEC$ N MINISTER$ N THEIR LAPDOG$.

    REMOVE GST FOR BASICS OR GRANT CONCESSIONS TO JOBLESS,RETIREES N THE POOR N NEEDY.THE MGP IS WHAT IT IS-JUST A *PACKAGE* that looks good with nice wrapping paper n nothing inside the empty box???
    PS: Forrest Gump says lufe is like a box of chocolates but to many sgs,life is like a box of trash given by the rich gahmen?

    GD Star Rating
    loading...
  • Thief:

    Land Sales proceeds not classified as revenue, pumped to GIC husband and wife control.

    Not wonder, the People are treated like Stupid and taxed hikes.

    if incoming is not revenue than as good as thief stolen money.

    GD Star Rating
    loading...
  • Talk and Talk:

    @Mike – you were negatively rated. Isn’t it obvious to you? LOL!

    GD Star Rating
    loading...
  • Mike:

    It does not matters if i have low rating of thumbs up or down. It just show whether people agree or disagree with me. It is a small matter compare to the course of what we want to see for this nation.

    Years of debating with fellow citizens make me realise that SG are mostly native and lacks courage. Despite the fact that we have high literacy level, most of us read superficially and have little thinking. I am not here to gain heaps of thumbs up or score points. Neither i am here for political gain. I am simply no-eye-see to the blind majority of this nation going to cost us all.

    For every one, the path is clear:
    1. Continue fight a blind course and hope everyone wakes up;
    2. Join the blind majority and dream in rose land;
    3. Be a quitter early while there is still chance for being young.

    No wonder PAP or any gov continues to rules the peasants.
    It is normal to disagree. It is degrading to insult and belittle just like ypur papa comrades in the pariahment doing it to the oppo.

    Are you any better. Show me the better you.

    GD Star Rating
    loading...
  • oxygen:

    @ Mike RESPECTFULY AND I SAY AGAIN RESPECTFULLY AGAIN, I found myself in disagreement with your observations below

    Mike: I like to point out the there are some flaws in the assumption made behind the figures in the table. 90% spending 10% saving cannot be the reality for middle/higher income. While higher income earners may spend more than lower income, which is one of the flawed and over simplified assumption made by our elected gov to introduce GST, middle/higher income earners are very unlikely to spend portion of their income at higher or at same percentage of lower income as the cost of basics and necessities are the same and not significantly more.

    The necessities consumptions of lower and middle/higher income are nearly the same – you can only eat so much of food and use so many pair of shoes etc etc but for lower income group living hand to mouth, it is maybe 90% of their income.

    For middle/higher income, their consumption is HIGHLY LEVERAGED TO BORROWING, SO THEIR AGGREGATE CURRENT CONSUMPTION IS HIGHER THAN INCOME BASE. The lower income has no access to borrowings or credit card life-style.

    So when financial crisis erupts, they are underwater faster and deeper.

    Now do you agree?

    GD Star Rating
    loading...
  • oxygen:

    @ Mike

    BUT I DO STRONGLY AGREE WITH YOU that GST – proportionately – shift the tax burden to the lower income base. Food and healthcare attract GST.

    It is tax from the mouth to the an*s, literally. Down Under, fresh food, rent has no GST and they got welfare for the financially-disadvantaged.That makes a big difference.

    GD Star Rating
    loading...
  • Leech:

    You have to salute the PAPigs. With such unpopular policies, and citizens kpkb, increasing taxes, increase cost of living, bringing foreigners to steal their breakfasts, lunches and dinners, they still win the election by a long mile, time and time again. What is wrong with Singaporeans? They must be really DAFT, as the old fart had said.

    GD Star Rating
    loading...
  • Talk and Talk:

    @Mike, you stand out exactly like a sore-thumb.

    There are so many articles and research papers on “Singaporeans not being able to save enough”, and you chose to make baseless assertion yourself. No one can follow you mike.

    example;

    https://www.humanresourcesonline.net/singaporeans-saving-enough/

    The writer made an estimation and easy reference table and I think is validly close enough to represent the majority of people facing the problems under the current regime.

    Don’t “instead” upon others but instead “reflect” upon yourself what you are trying to drive at?

    Mike:
    @ Act or Regret

    So a person making 8k a month is more likely to spend 50% of the income than 90% of the income. While most of his/her income are placed in financial instruments to make more money.

    GD Star Rating
    loading...
  • mike:

    @ oxygen
    I can agree to disagree with you on the definition of middle-income. That is because income in vast majority of people in Singapore is artificially suppressed for more than 2 decades.

    Our main differences is where definition of income group defers.

    When financial crises erupts those in leverage will go under worse than anyone else. Don’t fall into the trap that this argument will redirect you back to papa’s point that the nation need a big big reserves for rainy days. Sounds familiar? ;)

    @ Talk and Talk
    What are you trying to say? The article you posted is pointing the same message
    I am trying to deliver here, although i had not read it before this.

    A person making 8~16k is approx. 15~30k per working couple in a household. As many had said, cost for necessities for most people are almost the same, it bring home the statement that proportion of such spending, being 90% for lower income, e.g. total household income of 2k per month, is 1.8k versus say slightly increased necessities consumption e.g. 4k for middle-income household of 15k is merely 27%. Even if we assumed 10k is qualified as middle income, the cost of 4k raises to 40%, not 90%. This is the point i want to put across here.

    To answer the point on leveraged borrowing mentioned by @ oxygen, then we should ask further that leverage on what? Is it leverage on spending or investment? While later is risk taking to make more $$$$, the former is plainly financial literacy bankrupt.

    There are many things which we may not see eye to eye. And definition defers from mine to yours. But i still enjoy responding to your latest message to engage me your perspectives and i thank you.

    Note:

    My definition on middle-income is very different to most people here. As i always feel that our income had artifically suppressed for more than 2 decades. To further calculate income as household makes the differences even more wide apart as definitely the cost increases due to other needs arises such as maids, bigger accommodation and even a car to transport kids from point-to-point for all those enrichment spendings.

    GD Star Rating
    loading...
  • LIONS:

    Btw,since PGP N MGP on MEDICAL BILLS only allow for a LOW CAPPING ON DISCOUNTS,it would only be FAIR if GST LEVIED ON MEDICAL AND HOSPITAL BILLS BE CAPPED AT MUCH LOWER QUANTUM as well so that MGP/PGP JOBLESS N RETIREES ARE NOT UNFAIRLY TAXED as they have ZERO INCOME in the first place.

    What say HENG $WEE KEAT?

    GD Star Rating
    loading...
  • Few Big Bites Nothing Left:

    All the great discussions about who spend what and how much… so much time wasted yet nobody can be sure.

    There is one sure thing, other than those daily small change,
    all those big ticket money and savings will eventually go to the PAP and their trusted kakis.. food, transport, education, hospitals, housings, no escape when government turns greedy and rogue.

    GD Star Rating
    loading...
  • all the president's dogs:

    @LIONS:
    March 6, 2019 at 10:31 am (Quote)\

    Btw,since PGP N MGP on MEDICAL BILLS only allow for a LOW CAPPING ON DISCOUNTS,it would only be FAIR if GST LEVIED ON MEDICAL AND HOSPITAL BILLS BE CAPPED AT MUCH LOWER QUANTUM as well so that MGP/PGP JOBLESS N RETIREES ARE NOT UNFAIRLY TAXED as they have ZERO INCOME in the first place.

    What say HENG $WEE KEAT?

    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Agree,anyone with accounting expertise can elaborate more?

    GD Star Rating
    loading...
  • oxygen:

    @ Few Big Bites Nothing Left

    YOUR MONIKER HIT MY HEAD CRACKING – it says everything and CORRECT. @ Mike agrees to disagree on middle-income definition, I won’t venture any further on this semantic differential and unknown, maybe impossible of definition boundary marker.

    Me thinks the core and central issue is the balance of income/wealth generation and income/wealth destruction which is really “Few Big Bites Nothing Left”

    Few Big Bites Nothing Left: All the great discussions about who spend what and how much… so much time wasted yet nobody can be sure.

    It goes into the heart of @ Mike said of financial literacy. The “middle-income” has it but not the lower income stratification struggling from hand to mouth existence – the latter won’t venture into leveraged investment.

    mike: To answer the point on leveraged borrowing mentioned by @ oxygen, then we should ask further that leverage on what? Is it leverage on spending or investment? While later is risk taking to make more $$$$, the former is plainly financial literacy bankrupt.

    Financial literacy is the killer. A lot will be tempted with “sophisticated” investment products like CLOs & CDOs as example without understanding the true risks.

    https://www.bloomberg.com/opinion/articles/2019-03-03/collateralized-loan-obligations-are-riskier-than-most-realize

    The same happens to corporate sector- even in the heart of capitalism.

    https://www.marketwatch.com/story/feds-kaplan-calls-for-vigilance-on-corporate-debt-levels-2019-0053-

    The Fed is slowing down interest rate hike because of fear of coporate debt levels.

    THIS IS REAL.

    How many financial literate think for a moment this question which Sayajit Das & Fed’s Kaplan warned of – IS THE PROBLEMS OF THE LAST GFC of 2008 resolved?

    If it is so, then Kaplan & S. Das is idiotically wrong. I beg to disgree. The problem persisted and expanded disproportionately – indebtedness rocketed. Global economy survive on a debt of cheap money. Bond, equities, and commodities piling on top all of that living on a air bubble global economy. Record low unemployment, housing, auto, retail sales in US busted.

    https://www.marketwatch.com/story/australias-economy-slowed-sharply-last-year-2019-03-06

    Australia busted – property included.

    LAST FEW BIG BITES for a few escapees of financial leverage, NOTHING LEFT for those still living on prayers and dreamland fantasy wealth.

    CAPITAL DESTRUCTION FASTER THAN CAPITAL CREATED – I fear.

    GD Star Rating
    loading...
  • oxygen:

    @ Few Big Bites Nothing Left,

    SCARY OF YOUR MONIKER – I hear from relative that en bloc condo developers open their show flats during the CNY break and THERE ARE WALKING VISITORS. If my source is correct, a chill must run through my spine.

    Why?

    These can’t be your suburban 3 rm or even 4-roomer HDBs dwellers looking to “upgrade” but those who family income beyond HDB housing eligibility permit (above $13K per month limit I guess???)

    It must be the last flock of blind sheep hunting in the last paddock of dying grassland. If it is that lucrative of big bites of property speculation/investment, why are developers open their showroom even on CNY when everyone including prospective customers are on holiday break? The goodies for that BIG BITES would have long gone and won’t be left for them to peek over and hand in their cheque?

    Haven’t they already heard or read in internet bursting property bubbles in Down Under, HK, China, Vancouver, Toronto and USA – a revisiting of mortgage bubble burst of 2008 returning? Haven’t they read of Capitaland saying that they would be prepared to return to en bloc when the price is right (implicitly there is no value to be found now and nothing obvious of potential in the forseeable future? Haven’t they read in business news publishing of similar cautionary slowness from City Development – the island’s biggest property developer?

    Haven’t the sophisticated financial literate paused and think for the moment that the geopolitical overhang of trade tension – however “resolved” – can’t be good for global economy. US insisted on China eradicating its trade surplus forever BUT THE US GOVT AND CORPORATE SECTOR IS LIVING ON DEBT-FUNDED DEBT on a unstoppable trajectory heading to fall over the other side of the cliff BUT NO ONE BUYING its debt. Without the trade surplus and forex accumulation, nobody is around to buy US govt treasury bond. Even in a weakening US economy (1st qtr GDP forecast now 0.3% only), INTEREST RATE IN US HAVE GONE UP – the 10 yr Treasury bond is 2.71% now (it was lower a fortnight ago).

    This is signal that US interest rate could resume its UPCLIMB IN A DECLINING economy. With China not buying and the rest of world not filling the void and US sovereign debt escalating past $21 trillion, US Govt may be forced to raise higher and higher yields to attract buyers.

    HIGHER INTEREST RATE IN SLOWING ECONOMY IS A SURE KILLER KNIFE of the economy. A recession waiting at the door step in US and China exhausted of US-China trade tensions, EU slowing, Japan slowing, Singapore slowing – PROPERTY MARKET IS GOING TO BE A FEW BIG BITES AND NOTHING LEFT for those trapped stupidly bought higher.

    GD Star Rating
    loading...
  • oxygen:

    @ Few Big Bites Nothing Left.

    A LOT OF FANTASY LAND DREAMERS OF HEAVENLY GOOD TIMES awaiting could be in for a big surprise – the property gamblers in particular.

    Here is some big surprise hitting headline reads in global financial markets today.

    Why the ECB’s surprise policy moves sent shivers through global stock markets

    https://www.marketwatch.com/story/heres-why-the-ecbs-surprise-policy-move-is-sending-shivers-through-global-stock-markets-2019-03-07?mod=MW_home_top_stories

    Global debt yields slide as ECB leaders acknowledge ‘sick’ European economy

    https://www.cnbc.com/2019/03/07/global-debt-yields-sink-as-ecb-acknowledges-sick-european-economy.html

    China’s exports fall more than 20% in February; overall trade data come in much weaker

    https://www.cnbc.com/2019/03/08/china-february-trade-imports-exports-beijing-reports-china-economic-data.html

    WHAT GOOD IS AH KONG’S MERDEKA GENERATION ELECTION LOLLY TO AH SENG DEPLETED OF LOCKED UP CPF AND HDB IS AN INFLATED BUBBLE LIABILITY?

    INSTEAD OF MORALISING SH*T, Ah Lian should have just simply shut up and sit down!

    GD Star Rating
    loading...
  • oxygen:

    @ Few Big Bites Nothing Left

    THE GLOBAL ECONOMY IS CHOKED ON DEBT – despite cheap financing, income is consumed by cheap interest rate. The end result is its economic an*s is now constipated of adequate cash flow derivation to servicing rising interest cost and precious little left for capital repayment.

    What makes that worst is that cheap money chased for inflated bubble assets (actually read-liabilities of gambling chips from inflated equities, to bonds, to commodities to properties) instead of productive economic endeavors in the last 10 years post GFC. Once the affordability holding-costs dam burst, the sell-off – when that comes – must be another avalanche of snowy ice wall collapse, gathering increasing size, strength and momentum burying all climbers on its pathway as it tumbles on its way down. Many innocents including legit businesses and diligently capable and honest employed will be swept away as collateral damage in that avalanche of credit crunch. The bigger the debt, the harder and smaller the chance of survival fight. Business don’t run on capital but massively on debt. When private citizens and governments are equally overly leverage, the risks of balance sheet adversity escalate disproportionately. Which is why the ECB found it very scary that it must turned DOVISH now on interest rate hike and easing banking credit in an environment of even slower than the targeted 2% inflation. Remember the ECB only ceased QE just 6 months ago, planning Quantitative Tightening soon BUT DID A SUDDEN ABOUT FACE THIS WEEK.

    The US Fed was very hawkish in January this year – the spleen gave way and became DOVISH. Fed’s Kaplan told a economic gathering that Fed turnaround to DOVISH slow down of interest rate hike was due to fear of US corporate debt leverage. Despite Trump’s claims of a booming economy (he ignored conflicting and contradictory signals of economic downturn in the works notably housing, auto, retail sales statistics, delinquent debt defaults), the Fed is terrified that the storm evolving might overwhelm all.

    Global central banks are running scared sh*t – they bought so much gold never seen before of this magnitude for 6 decades – nobody can ignore this reality.

    When global economy stops earning (the slow inflation and enduring unemployment and underemployment has no spending capacity)any faster than cheap interest rate (reversing upward and shrinking bank credit), THE RISKS MUST BE CAPITAL/WEALTH GENERATION MUST TILTED ON THE DOWNSIDE than capital/wealth consumption & mad speculation.

    And Sinkies still visiting show flat on CNY break. And MG still celebrating one-off PAPpy election lolly?

    HOW MORE STUPID?

    GD Star Rating
    loading...
  • Mike:

    @ oxygen “Ah Lian should have just simply shut up and sit down!”

    The fact that such Fxxking KNN quality MP (excuse me, feel so good to f as being civilised and pretentiously cultured is so tiring) can still sit in the pariahment for so long and represent the majority of Singaporean, it must meant something.

    Do we have a future? It is still worth fighting for?

    I ever said that I will fight for my family, friends and even my NS buddies… but after so many years of GE results and esp. GE2015 result, I am no longer sure now…

    Why should I bother to die for the majority of idiots that lead us all down this path of self-destruction?

    是愚忠还;是为鱼肉?I am none of it. If we respect democracy, we have to respect 70% of idiots that drive us this far. We have to respect politicians who just want to be co-drivers and those who say “we just want to win enough seats to deny majority votes”. Step-by-step… how many fxxking 5 years we can wait to see a positive spin to our declining nation?

    GD Star Rating
    loading...
  • oxygen:

    @ Mike

    DONT WORRY TOO MUCH ABOUT POLITICAL CORRECTNESS OF YOUR FLAVORED LANGUAGE. F N fxxking is NOT vulgar except in the mind of vulgar thoughts. A NZ court even ruled that a morning breakfast broadcast of those esteemed words on national radio netwwork is “good taste”.

    Politicians fart a lot worst of fake morality. And yes, co-drivers are useless if the route taken and destination is wrong of direction. Denying 2/3 majority is big improvement – it shakes up complacency, arrogance, bullying tactics and best of all, create insecurity in the incumbency.

    And newcomers gain experience and at right opportunity comes, TAKEOVER THE WHOLE SHOW AND CLEAN THE DECK OF PARASITIC GARBAGE we have now.

    Mike: If we respect democracy, we have to respect 70% of idiots that drive us this far. We have to respect politicians who just want to be co-drivers and those who say “we just want to win enough seats to deny majority votes”. Step-by-step… how many fxxking 5 years we can wait to see a positive spin to our declining nation?

    We urgently need change but if 70% waiting for miracle, they will vaporize before the alert ones like you and me is gone.

    LET THEM ROT AND GO.

    GD Star Rating
    loading...
  • oxygen:

    @ Mike

    THE NEXT GFC WILL COME – it is not a question of it will or will not but WHEN. A LOT OF UPSTARTS among the 70% will be caught of SURPRISE AND UNPREPARED. They will be reduced to Pavlovian doggie servitude so quick beyond their imagination now.

    With the amount of private and sovereign indebtedness entrapment, I would predict less than 10% will make a comeback in that survival fight for existence, never a return to the (fake air bubble) prosperity they are accustomed to now.

    LEE-jiapore has no size of economic base and no bulk of cushion to stage a comeback fight unlike China, USA or even EU. China can be wiped out 30% in utter poverty, the residual 70% can stage a fightback and lift up the rest.

    NOT Lee-jiapore all filled with caterpillar mentality of inactivism to change and environmental turbulence – PAPpys even pretend it is sailing in calm seas to keep Ah Sengs dull in the mind and uninformed of dangers of all its lies, fantasy and propaganda.

    GD Star Rating
    loading...

Leave a Reply

 characters available

Member Services
Self-SupportMembers Login
Sponsored Advertisement

Search On TR Emeritus
Sponsored Advertisement



Most Recent Comments
  • Vignesh Moorthy: I’m a blood donor and I know that blood is never sold. Don’t spread false messages. Read and do your...
  • Freshest Air: Even the polluted water and air are 100% toxic, they will say Punggol has the freshest air and tranquil...
  • NotMyProblem: @Mr. Goh; why are you worry about the interest of Hyflux? PUB should take over Tuas Spring excluding...
  • can we report CI to police?: since GE2019 is soon, pap PA paid IBs are out in full force. when a topic looks...
  • PC Ong: Please lah, Goh Meng Seng pride himself on economics but he can’t even understand simple...
  • what you saying?: Hey, I don’t think the PM is watching, he may be sleeping like the literally empty parliament...
  • LIONS: Yea,yada,yada,yada… DONT NEGLECT OPPO COME GE. DO SO AT YOUR PERIL. CI,will i be sued?
  • Lee Hsiah Laan: Damn if you do, damn if you don’t. Before you thumb me down too, put on your thinking caps also....
  • patriot of TUMASIK: Hagen-Diaz: @ N Chan Unless you are a very serious fan of Fox News, one probably never...
  • fly me to mars: the world is getting totally ridiculous.
  • patriot of TUMASIK: Ha! ha! ha!…very funny but only my toes are laffin…pleeeeze lah!!! take your silly...
Announcements
Advertisement
Visitors Statistic
Latest Statistic
Advertisements