Either GIC lost tens of billions in CPF or SWFI’s data is fake?

Phillip Ang

* The author blogs at LikeDatOsoCanMeh.

 

 

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14 Responses to “Either GIC lost tens of billions in CPF or SWFI’s data is fake?”

  • More like hundreds of billion:

    More like hundreds of billions, if you include those that remained undetected.

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  • Tharman?:

    Remember what Tharman said?
    CPF money is commingled with other government money. Nobody really knows which dollar is CPF money and which dollar is your HDB car park fee money.

    With so many versions of where the CPF money really is, someone is sure commingling truth and half truth.

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  • can we report CI to police?:

    More like hundreds of billion:
    More like hundreds of billions, if you include those that remained undetected.

    agree. a conservative estimate of S$10b per year in total by both pap clown and wife in gic temasick since pap clown ascended throne means over S$100b already.

    not to mention the lucrative S$m no need to account for anything positions dished out to useless Ljs such as lim boon heng and the paper generals.

    and the 18 to 24 months bonuses for non performance every year, good or bad.

    it is 70% sheep money they are wasting. and due to emptying coffer, going to raise GST and hold 70% sheep for longer to top up emptying coffer. let’s see if 70% sheep continues to agree with such legal abuse GE2019.

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  • MikeB:

    My suspicion is hundreds of billion have been lost since their inception but we will never know BIG THANKS to the 70% brainwashed, ignorant, selfish, die hard fans. No one know exactly what is going on because it’s national security BS…

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  • confirmed reserves kosong:

    Good Lordy, not again.
    please somebody, drag that j*n* out of there..

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  • opposition dude:

    You know I know lah!

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  • LIONS:

    Even as these useless blomes are $wuandering our money like splashing water MORE N MORE SGS FROM MIDDLE INCOME has become so impoverished that they are fast forming A NEW POOR CLASS.
    Of course,many of their lapdogs have become the NEW SUPER-RICH OR EVEN ULTRA-RICH.
    GO LOOK AROUND N YOU WILL KNOW WHAT THIS OLD SG UNCLE IS SAYING.

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  • NotMyProblem:

    Singaporeans are supposed to be smart, how’s that they are unable to know exactly what happening to the money in GIC, GLC, Temasick, CPF and how much their COEs are paid by the taxpayers???!!!

    Are Singaporeans allowing this kind of situation to continue infinitely or are we going to do something??

    Is the 70% happy and OK with this situation, with so many hands in the cookie jars. Do they know the Indian masquerading as Malay President is not doing anything, which is her only job is to guard this money??? She is only happy with her monthly bank account!!

    If still cannot kick out these thieves, Singapore is done!!

    Singaporeans, please prove your smartness coming GE!!

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  • Bapak:

    Auditor General must change.

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  • LIONS:

    The problem with the PAPpy $cholars is they think the hell of themselves!
    Despite n inspite of their POOR N EVEN NEGATIVE PERFORMANCE,they KEEP THE JOBS FOR THEMSELVES.
    Some other more TALENTED SGS could have performed way better to benefit us.

    If they could outsource so many areas of govt agencies’ works which the depts were performing fairly well,i dont see why they need to ACT LIKE SOME TOP-GUN FUND MANAGERS when they have proven to be UNDERORRFORMERS ALL THESE DECADES?!

    LET THE GOOD SGS DO THE JOBS SCHOLARS ARE ONLY GOOD AT THRORY N PRESENTATIONS.
    So,they shud just remain in SCHOOLS N THAT WAY,SGS WONT HAVE TO KEEP PAYING ALL SORTS OF TAXES N LEVIES JUST TO COVER THE HILE$ THESE SCHOLARS CREATED!

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  • Ignorant Fools:

    Why do I say many of the peasants are ignorant even if educated.

    1. They have still not yet understood WHY is there a REAL Need to have CHECK and Balance on the garment. They really have not understood. Evidence is in our face. The parliament has no Alternative MPs to stop anything.

    2. No ruler will kowtow to you unless you force them using People Power.
    But the peasants clearly do not believe in this and have not understood this.

    3. The Peasants think having no Opposition is a good thing. They never really understood why Opposition is needed to effect Check and Balance.

    The peasants are really ignorant fools.
    If education system can produce wise people , the people would know what is right or wrong and no need a course to educate them what is online fact checking etc. They would have questioned the garment. Instead what the education system produced are people who base on Believing. Unquestioning trust. 53 years already. LAck of transparency and accountability is the truth and made possible by the peasants.

    The bigger problem than the regime is the People.
    They live in fear, self-censure and dare not question. Exact definition of Ignorant fools.

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  • Crony Capitalist Cpf:

    If you can’t beat ‘em then join ‘em …mah.

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  • GMS is spot-on!:

    The bigger problem is the people do not insist to know.

    This I the bigger problem than the problem itself.

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  • HarderTruths:

    Perhaps it is fated that $G fall into a third world island. I see more and more textbook educated idiots.

    They have never had to rummage for food or watch their children fall sick with no means of getting help. This is what happens when we vote in the Silver Spoon in A** Crowd.

    Once things go to pot I am sure they will change their arrogant tone – but by then it will be too late.

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