Asset Enhancement Bubble Burst

PAP government no longer dares to mention these key slogan which they used so intensively from the 1990s through 2011. In fact, The bubble has burst right in their face.

I sold my HDB flat back in 2010 at a price which in fact hardly “break even” after considering the amount of interests I paid for my mortgage and the interests I need to pay back to CPF. What enhancement was that?

Well, I was right to sell off my flat back then because after 10 years, similar flats in that area are still asking for the same price! Imagine how much I would have ‘lost’ by having to pay in CPF interests if I didn’t sell off!

It will become even worse for the next 5-10 years for that HDB flat because it would reach more than 35 years old.

So tell me, what “asset enhancement” or investment value is that?

I feel terribly sorry for those Singaporeans who have fallen for such political vote buying slogan which even PAP is too ashamed to mention now.

 

Goh Meng Seng

 

 

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22 Responses to “Asset Enhancement Bubble Burst”

  • oxygen:

    AN ECONOMY FORGED ON ASSET ENHANCEMENT PROP-UP is exactly like an economic puppy walking around with two d*cks – one of which is cancerous. Unfortunately, for LEE-jiapore, the cancer-riddled d*ck is now stage 5, no vet can remove that to save that stupid PAPPY doggie.

    The use of CPF-funded public housing is BRINGING FORWARD FUTURE RETIREMENT SPENDING MONEY to fund current otherwise unaffordable consumption.

    IT IS BURNING THE CANDLE AT BOTH END – OUR LIVES WILL BE SHORTEN because time cannot be compressed, only life can be by reckless behavior.

    Borrowing CPF to spend is like living on debt which becomes less and less productive over time. And consumption of housing beyond affordability is NOT WEALTH CREATION BECAUSE HOUSING DOES NOT ADD TO PRODUCTION OF GOODS AND SERVICES.

    ALL THE AH SENGs got fooled by Ah Kongs – too stupid to even begin to discover they are stupid to impossibility.

    THEY DESERVES WHAT THEY GOT.

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  • hdb hid the truths:

    i can bet that at least 99% of folks who bought their flats 30-40 years ago , were never told that the flats are going to be worth zero at 99years.
    most folks were of humble backgrounds who cant even understand the legal mumbo jumbo in the leases.
    moreover hdb never explained that fact to the buyers..by right we collectively have a strobg legal case against HDB

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  • NotMyProblem:

    “I feel terribly sorry for those Singaporeans who have fallen for such political vote buying slogan which even PAP is too ashamed to mention now.”

    @Mr. Goh; you might be wrong. PAP still bullshitting about the HIP2 and VERS which only happen in 20 years time, and there are still people believing it.

    There were people making money out of selling HDB flats. I know of a PRC turned citizen, he returned to China with $1.2M in his pocket after selling his flat and withdrawn his CPF.

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  • oxygen:

    WHY DID THE ASSET ENHANCEMENT BUBBLE has to burst, INEVITABLY? The answer is very simple – an airbag bubble economy resting on the support of ARTIFICIAL BEAUTIES cannot sustain for long, especially when it is funded out of debt borrowing (including CPF) or raid the treasury.

    Here is my proof of ancient Chinese culture and history.

    e, a story that created another set phrase for the Chinese,
    weiruleinuan (more dangerous than stacking eggs). In Spring-Autumn period, a king of the kingdom of Jin intended to build a pavilion of 9 stories, which would demand huge labor and other resources and would deplete the treasury. Against opposing voices from below, the king declared to kill anyone who dared to dissuade him of this plan. Then an official, Sunjin asked to see the king, claiming he could perform a very difficult trick of stacking up 9 chess pieceswith 9 eggs on top of them. The king was intrigued and ordered to have all materials ready for Sun to perform. Sun carefully put chess pieces one on top of another to stack them up, and then, very gingerly put one egg on top, then another and another … Sweats ran out of Sun’s
    face as he went on with utmost care. The stack grew higher and higher, and became less and less stable, and the atmosphere in the house more and more tense. Every official watching was holding the breath in case air vibration would shake the stack. The king was very nervous and murmured, “so dangerous, so scary.” Sun immediately put in, “This is not dangerous. There
    are things more dangerous than this.” The king was surprised and asked for an explanation. Holding a last egg in one hand, Sun said, “Building the 9-story pavilion is more dangerous, would take at least 3 years. In the 3 years, many strong labors are needed to do this, so is a huge sum of money. By the time it is done, people would be exhausted and disgruntled.
    The treasury would be empty and the state very weak. Neighboring states would take advantage of the situation to attack us, when we are at our weakest. Then we would not be able to defend ourselves. The kingdom of Jin would be conquered. And your majesty would be no more. Is that not more dangerous than stacking eggs?” The Jin king was so shaken by
    the scenario and ordered the immediate halt to the building plan.

    https://web.uri.edu/iaics/files/03-Ling-Chen.pdf

    PAPpys are SCHOLARLY STUPID OF ECONOMICS. That is why they failed so badly and Ah Sengs lives wallow in chaotic bewilderment and devastation.

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  • oxygen:

    IN THE DAYS OF THE JIN DYNASTY, neither Oxford, Cambridge, London School of Economics or Harvard exist then and their disciples didn’t learnt these facts and realities THAT CAN BE LEARNT FROM ANCIENT CHINESE HISTORY – asset enhancement in an airbag economy forged on inflated bubbles CANNOT LASTS, it has zero wealth value when inflated because it ADDS NOTHING OF PRODUCTIVE GOODS AND SERVICES OF PAID TANGIBLE VALUES.

    But when the bubble deflated or burst, the damage is NEGATIVE VALUES for generations to come.

    JAPAN DIDN’T LEARNT IT, THEY PAID DEARLY FOR DECADES NOW and we are on the same trajectory which Australia regrets in moaning & groaning now of letting in a floodgate of corrupt rich Chinese migrants/students bubbling up its now burst real estate asset bubble. OZ real estate prices in some parts is falling faster than that experienced in the last GFC.

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  • MarBowling:

    This so-called Asset Enhancement aka Ars* Enhancement scheme of things is actually the brainchild of the MasterMind(MM who is Finally DEAD), promoted and implemented by Woody, fine tuned by Mai Hum with the assistance of their protege shortarse Marbok Tan. This MF Marbok Tan was the first MND Minister to SINCERELY ANNOUCED that HDB has suffered and continued to SUFFER todate about 2 $billions deficits EVERY YEAR since they started to offer those so-called “AFFORDABLE” flats to the public! His predecessor, Minister Lim HK didn’t encounter SUCH dilemma!

    HOW and WHY so? There is a lot of MEANINGs behind this change of NO Deficit to the Coverment and to one that suffers annual deficit of about 2 $billions. It could mean that under Minister Lim, he had shown NO SYMPATHY to HDB flat buyers by CHARGING them at COST(everything is factored in and NO SUBSIDY is given)! The Coverment doesn’t LOSS at SINGLE CENT! No wonder he is being replaced by Marbok Tan. Apparently,.because he didn’t CARE about the 80% of Sinkaporean, esp the common folks!

    Under Citizen-caring M8nister Marbok Tan, things changed BETTER for the buyers and BAD for the Coverment! HDB flats are then termed as HEAVILY-SUBSIDIZED and prices of each floor varied, with higher floor costing a premium. This is HOW NOBLE the Coverment is! The MORE they sell, the BIGGER the DEFICIT! So folks have to SAY a BIG THANK YOU to Marbok Tan for offering them AFFORDABLE and HEAVILY-SUBSIDIZED flat to them!
    Think some citizen may feel this NOBLE and KIND gesture is UNFAIR to the Coverment! How about current Minister Wong try this: DO AWAY WITH THE GENEROUS SUBSIDY and CHARGE new HDB flat buyers AT COST! That means a new buyer of say a new 5-room BTO should pay btw $450,000.00 to $600,000.00 WITHOUT SUBSIDY (based on the CURRENT pricing for a similar AFFORDABLE and HEAVILY-SUBSIDIZED 5-room BTO costing ave $350,000.00/unit). This way, the Coverment May consider NOT increase GST from 7 to 9% and raise various taxes to pay for the huge deficit! Folks, What do you think?

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  • oxygen:

    @ MarBowling

    WHERE IS THE FICTITIOUS SUBSIDY you spoke about below? Show us your accounting and finance numbers!

    MarBowling: Under Citizen-caring M8nister Marbok Tan, things changed BETTER for the buyers and BAD for the Coverment! HDB flats are then termed as HEAVILY-SUBSIDIZED and prices of each floor varied, with higher floor costing a premium. This is HOW NOBLE the Coverment is! The MORE they sell, the BIGGER the DEFICIT! So folks have to SAY a BIG THANK YOU to Marbok Tan for offering them AFFORDABLE and HEAVILY-SUBSIDIZED flat to them!
    Think some citizen may feel this NOBLE and KIND gesture is UNFAIR to the Coverment! How about current Minister Wong try this: DO AWAY WITH THE GENEROUS SUBSIDY and CHARGE new HDB flat buyers AT COST! That means a new buyer of say a new 5-room BTO should pay btw $450,000.00 to $600,000.00 WITHOUT SUBSIDY (based on the CURRENT pricing for a similar AFFORDABLE and HEAVILY-SUBSIDIZED 5-room BTO costing ave $350,000.00/unit). This way, the Coverment May consider NOT increase GST from 7 to 9% and raise various taxes to pay for the huge deficit! Folks, What do you think?

    Ah Sengs paid for the land but no legal title. Who is subsidizing who in fact and contrary to property law?

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  • Kick Out Corrupt PAP:

    The Asset enhancement will burst under PAP because all the wealth of land value is stolen from you. They seized your land for free, then resell the land at market for massive profits.

    For those who harped constantly about bubble burst are just parroting the action of greedy PAP. They just want to prove a browny point against PAP but not addressing the real issue. It burst because PAP said so. It burst because PAP decided to renegade on the social compact. It burst because that’s the only way to seize your asset cheaply and the allowing PAP to profiteer from recycling the land.

    Unless the whole property market of Singapore collapsed, the asset enhancement scheme is still possible. The market is now warped with the strange phenomenon where similar 99yrs private property moving up in demand while HDB moving down. In the past, these will move together in tandem with market demand. This is because consumer do not trust PAP anymore and a direct result of market interference from the words of Lampar Wong and policy failure of PAP.

    Vote for SDP to reclaim the value of your HDB for retirement. As long as people are staying in this country, the economy is still moving, the the value of HDB will persist. SDP proposed policy will allow older citizens to unlock their HDB wealth for retirement. Kick out PAP, get in those who genuinely concern about citizen welfare into parliament and government.

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  • rukidding:

    That is why Lau Lee calls you guys Daft !

    In short,….Lee Con you !

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  • MarBowling:

    oxygen:
    March 22, 2019 at 4:48 pm (Quote)
    @ MarBowling
    WHERE IS THE FICTITIOUS SUBSIDY you spoke about below? Show us your accounting and finance numbers!

    Response: my comment on “THE FICTITIOUS SUBSIDY” is based on MF Minister Marbok Tan’s constant claim that selling HDB flats to citizen had incurred more than 2 $billions deficit EVERY YEAR when public housing was under his watch! If current housing Minister Wong sell a 5-room HDB flat say at COST btw $450,000,00 to $600,000.00 without the “heavy subsidy” as claimed by Marbok Tan, think MOST if not ALL folks MAY NOT EVEN WANT TO CONSIDER BUYING because there is huge jump from ave $350,000.00(HEAVILY-SUBSIDIZED as claimed by Marbok Tan)to $450,000.00/$600,000.00! Most folks w/o a roof over their head may prefer to rent or stay with parents/relatives. So with little and almost zero demand, Minister Wong will not suffer anxiety and headache knowing damn well HDB will NO LOONGER suffer ANYMORE DEFICIT!

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  • oxygen:

    @ MarBowling

    IF HDB REMITS $4 BILLION out of its sales proceeds to the Singapore Land Authority for its land costs instead of $2 billion annually, its book will show a bigger loss and claims that your HDB is even more deeply discounted of pricing not reflective of a BIGGER SUBSIDY.

    It is accounting playbook game – critics of financial accounting says it is CREATIVE ACCOUNTING.

    MarBowling: my comment on “THE FICTITIOUS SUBSIDY” is based on MF Minister Marbok Tan’s constant claim that selling HDB flats to citizen had incurred more than 2 $billions deficit EVERY YEAR when public housing was under his watch! If current housing Minister Wong sell a 5-room HDB flat say at COST btw $450,000,00 to $600,000.00 without the “heavy subsidy” as claimed by Marbok Tan

    It is not illegal or contrary to accounting conventions within “generally accepted accounting principles.” I READ FINANCIAL ACCOUNTING INFORMATION from front to back, anything from airlines transportation to oil and gas exploration/producers to gold miners, to property developers to food retailers to hotels, and I KNOW YOU CAN’T SERIOUSLY COMPARE EVEN TWO ENTITIES IN THE SAME INDUSTRY BECAUSE EACH FINANCIAL REPORTING OF BALANCE SHEET AND PROFIT AND LOSS STATEMENT FOLLOW DIFFERENT ACCOUNTING CONVENTIONS.

    You look at the world’s largest gold producers now, they write-off massive amount of the fixed assets/development properties of operating mines at a time of rising gold prices (giving them better profit returns) as if the mines are going to bankrupt them!!

    ILLOGICAL OF ACCOUNTING LOGIC, RIGHT?

    But it is clever accounting trick and smarter finance logic – WRITE DOWN VALUES OF ASSETS TO RIDICULOUS LOW LEVEL, THEN ACQUIRE COMPETITORS TO BOOST PRODUCTION post acquisition, then report MASSIVE GAIN IN PROFITS BOOST SHARE PRICES AND MANAGEMENT COLLECT BIG FAT BONUS because future reporting period has less non-cash write-off of mine depletion.

    SO DON’T BELIEVE CLEVER ACCOUNTING AUGMENTED BY POLITICAL RHETORIC OF SUBSIDY.

    IT IS WHAT CASH PROCEEDS RECEIVED BY HDB FROM SALES, NOT WHAT HDB PAID TO SINGAPORE LAND AUTHORITY OF IMAGINED SUBSIDY to Ah Sengs buyer of public housing.

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  • oxygen:

    @ MarBowling,

    SURELY WHEN YOU PAID FOR THE LAND as part of your HDB housing purchase consideration BUT THE LEGAL DOCUMENT OF “OWNERSHIP” specifically defined and described you as the tenant/lessee, SOMEONE ELSE MUST BE THE LEASOR/OWNER which that document stated explicitly to be HDB Incorporated.

    Logic tells me this – if I paid for a lamborghini – it will be registered under my name as its owner, NEVER THE CAR RETAILER WHO SOLD ME THE SPORT CAR, right? As the proper legal owner in fact and in law, surely I DONT NEED TO LEASE IT FROM THE SELLER OR ANY OTHER UNLESS IT IS A FRAUDULENT TRANSACTION WHICH I GOT STUPIDLY DECEIVED.

    The said lamborghini can’t have me as the hidden ghostly fictitious owner and the seller/car retailer AFTER SELLING TO ME FOR FULL PAID CONSIDERATION IS THE REAL OWNER IN FACT AND IN LAW, right? And my use of that lamborghini needs the seller’s permission after paying him in full of the asked price in consideration at contract law?

    THE LOGIC IS SIMPLE, THE OWNER DOES NOT HAVE TO LEASE A CHATTEL OR PROPERTY FROM ANOTHER FICTITIOUS, MAYBE FRAUDULENT OWNER in hidden.

    If I paid for the lamborghini and not named as its owner, then it must be I have either NOT PURCHASED IT but lease it in a bailor-bailee relationship i.e. a tenant renting a place of accomodation from another owner (leasor) as equivalent example.

    Or in that lamborghini sales and purchase transaction, I GOT A BAD DEAL BECAUSE I WAS NAIVE AND GULLIBLE, I subsidized the profit of the car retailer, over paying him in my dumb generosity of paying without tittle transfer in my name.

    BOTTOMLINE IS WHEN YOU PAID FOR SOMETHING AND NOT GETTING YOUR BARGAINED VALUE, YOU MUST BE SUBSIDISING THE SELLER – certainly not the seller subsidizing you!!

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  • oxygen:

    @ MarBowling

    TO AVOID DOUBTS, PLEASE SPEAK TO A CFO, or a Financial Analyst, a Fund Manager or a Financial Accountant or your accounting-trained bank manager.

    He/she will teach you all the slippery accounting techniques to generate varied sets of financial statements which will passed all audit requirements.

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  • MarBowling:

    oxygen:
    March 23, 2019 at 12:49 am (Quote)
    @ MarBowling
    TO AVOID DOUBTS, PLEASE SPEAK TO A CFO, or a Financial Analyst, a Fund Manager or a Financial Accountant or your accounting-trained bank manager.
    He/she will teach you all the slippery accounting techniques to generate varied sets of financial statements which will passed all audit requirements.

    Response: thanks for the valuable tips.

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  • oxygen:

    @ MarBowling

    MATE, SERIOUSLY,implicit in that comment of mine below, is the value of CASH ACCOUNTING i.e. real cash transfer from buyer to seller that matters.

    oxygen: BOTTOMLINE IS WHEN YOU PAID FOR SOMETHING AND NOT GETTING YOUR BARGAINED VALUE, YOU MUST BE SUBSIDISING THE SELLER – certainly not the seller subsidizing you!!</blockquote

    Accounting numbers can be easily fudged within the broad spread of the so-called "generally accepted accounting principles". SO PLEASE, DON'T GET DELUDED AND HUNG UP BY SOMEONE GIVING YOU A MASSIVE DISCOUNT (by inflating the selling price first) and supplying you a (FICTIONAL) SUBSIDY by churning the accounting numbers VIA TRANSFER PRICING OR ANY OTHER ACCOUNTING TRICKS.

    Let me give you a real world example of how difficult to handle accounting definition and application in oil and gas industry – RESERVE ACCOUNTING. Truly, only GOD knows or maybe don't even know the "correct answer"

    https://www.theguardian.com/business/2005/jun/30/oilandpetrol.news

    Neither the US Security and Exchange Commission or its UK securities watchdog counterpart DARES TO PROCEED ON TO COMPLETE CRIMINAL PROSECUTION
    WHEN THE OUTCOME IS UNCERTAIN GIVEN THE VAGARIES OF "RESERVES" ESTIMATE which geologists differs and the accounting application relevant.

    Shell can afford to hire the brightest accounting brain in the world or engage the most brilliant accounting advisors to handle its reserve accounting – it will definitely meets the stringency of accounting and audit standards BUT STILL UNACCEPTABLE TO SEC!

    IN FINALITY – ACCOUNTING NUMBERS HAS TWO CORRECT INTERPRETATIONS

    - WHAT THE NUMBERS MEAN &

    - WHAT THE NUMBERS DON'T MEAN.

    IT IS THE SAME OF "SUBSIDY" fart of fiction or "discount" in your digital gadgets bought at Sim Lim Towers. The integrity of accounting numbers is the same doubting Thomas as "reserve accounting" in the oil and gas business.

    IF SEC PURSUED, SHELL CAN EASILY HIT BACK AT THEM WITH THIS UNDEFEATABLE BARREL GUN SHOT – WHAT IS YOUR NUMBER OF RESERVE AND VALUATION OF RESERVE ACCOUNTING?

    SEC WOULD BE CAUGHT STUPID OF NO ANSWER ON THE COURTROOM FLOOR!!

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  • oxygen:

    @ MarBowling

    IF THERE IS ANY SUBSIDY IN ANY TRANSACTED DEAL – it is almost always the payer (buyer) subsidizing the seller profit because financial resources flow from buyer to seller AND NEVER THE OTHER WAY AROUND.

    The seller don’t put money into your pocket every time you go to Sim Lim Tower to buy the latest model laptop. The Sim Lim Tower digital seller “subsidize” you with his mouth as he knows it won’t be painful to move his lips or his tongue but his banking account is growing with your purchase.

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  • oxygen:

    @ KNN

    THANKS FOR YOUR SHARING TOO, we all learnt from each other!

    MarBowling: thanks for the valuable tips.

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  • oxygen:

    REMEMBER PAPPYS TOLD THEIR OWN PEDIGREE at a national day public gathering THIS TALL FAIRYTALE – with an income of $1K a month you can comfortably afford to pay off a 3-rm HDB flat?

    Now for some of these lucky souls it must be a treasure of FORTUNE HARVEST if the buyer happens to be included in Queenstown SER, that value could manifestly climbed to X hundred thousands of dollars if it didn’t cross a million dollar mark.

    And I won’t forget the wonder miracle of those lucky ones who got balloted for BTO calls PENIS-on-DUXTON ( a gift of Ah Kong’s legacy???) – SURELY IN HINDSIGHT NOW, no Santa Claus is coming to take them out of their OVER-PRICEY LIABILITY of a life-long entrapment.

    I see three possibilities of interpretation of this $1K salary per mth promised affordability of investing in public housing whose future value may rise to heavenly unknown hundreds of thousands of dollar jackpot -

    It is either

    - an economic miracle of heaven on earth genius of wealth fabrication of no comparison anywhere else on earth OR

    - a fake inflated bubble waiting to burst on the faces of THOSE UNSUSPECTING Ah Sengs sooner than later

    OR A FAIRYTALE OF SHAKESPEAREAN PROPORTION – a tale told by an idiot full of sound and fury, signifying nothing.

    WHICH IS CORRECT?

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  • oxygen:

    ECOLOGY – the study of how living species interacts with its environment of adaptive survival – TAUGHT US THESE WISDOM -NO LIVING SPECIE CAN SURVIVE LONG ON STORED ENERGY OR FAT beyond a short span of its expected life cycle.

    JUST LOOK AT SNAKES AS AN EXAMPLE

    Can snakes survive cold and snowy climates?

    Yes, only if the summer returns after each winter. How do snakes survive the winter?

    https://www.quora.com/Can-snakes-survive-cold-and-snowy-climates

    They either hibernates or brumate through winter months relying TEMPORARY ONLY on stored energy and fat and then returning to active predatory hunting survival in summer.

    IN HUMAN ECONOMIC TERMS, WE CAN’T LIVE ON STORED ENERGY (overleveraged cheap credit is example) of over-exposed mortgage nor FAT ( inadequate cpf savings without an income means in retirement)

    The asset enhancement politics scam VIOLATED BOTH SURVIVAL RULES of ecology.
    Ah Sengs got stupidly seduced into dipping his stupid fingers into the stored energy/fat together.

    Not enough borrowing capacity? Just bring forward your CPF future spending resources and went on a binge spending on inflated public housing like a drunkard sailor on shore leave feasting on wines and prostitutes.

    SINKIES IN LEE-JIAPORE, HOUSING for the Merdeka /Pioneer generation is 85% to nearly 100% of their stored wealth – just like snakes’s stored energy and fat – mostly has zero liquidation value unless they want to sleep in kopitiam, bus stops and MRT stations (not enough for all). They have no fat (CPF), how to survive when winter comes?

    PAPpys asset enhancement politics scam brought them depletion of both stored energy and fat – all mirage of wealth – but left them to fend the environmental changes and global turbulence, a life of chaotic bewilderment BUT CAREFUL TO QUICKLY ENRICH THEMSELVES WITH FAT PAYCHECK, NO INHERITANCE AND WEALTH TAX.

    PAPpys also known as the most exposed global economy, it CANNOT MANAGE THE ENVIRONMENT, so how can Ah Sengs fend for themselves – just like snakes can’t survive if there is no return to summer.

    AH SENGS HAVE LONG BEEN DUPED AND ABANDONED, Ah Lian lectured Ah Sengs on morality of filial piety to boot – PAPpys are hostile to welfare support – 70% dafts are too stupid to discover they are stupid to impossibility.

    THE ASSET ENHANCEMENT BUBBLE HAS TO BURST AND IT IS HERE NOW.

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  • oxygen:

    THE ECONOMICS PROFESSORS from Oxford, Cambridge, london School of Economics or Harvard either didn’t study ecology themselves or they didn’t teach their dumb scholarly students ecology of survival.

    The emperor in the Jin Kingdom in history was lucky to have a great advisor in economic NOT TAUGHT in either Oxford, Cambridge, London School of Economics or Harvard.

    No Ivvy League economics professor prospered on Wall Street – no surprise there. Some Nobel Prize-winning economists ended up setting up hedge funds management and bankrupt it.

    Long-Term Capital Management (LTCM)

    https://www.investopedia.com/terms/l/longtermcapital.asp

    The rest didn’t or dare not venture there – I guess they are the discarded items called d*ckless wonder economists teaching moronic top class scholars.

    Me thinks in any global economic calamities, the likely survivors will, most likely, come from Yale multi-disciplinary learning.

    STILL WANT TO CENSOR WHAT YALE TEACHES ITS LIBERAL ARTS STUDENTS in Lee-jiapore on and off-campuses ??

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  • oxygen:

    THE TOXICITY OF ASSET ENHANCEMENT SCAM HAVE BEEN ALLOWED TO FESTER FOR FAR TOO LONG because there is no challenges from within and without. It may be beyond rescue now of this asset enhancement scam bubble burst.

    PAPpypolitics and PAPpynomics’s GRC construct ushered into the political zoo too many cockroaches looking for a supplementary fat paycheck – displacing others who might have gone in there and challenging of actively in effective of opposing BOTH FROM WITHIN AND OUTSIDE Ah Kong’s party.

    Instead we see some deadwood political correct cockroaches more absorbed of self-preservation than putting the nation first. They preach oppression against dissenting voices, others cooking up another pot of witchcraft medicinal herb concoction of what is TRULY UNDEFINABLE AND QUANTIFIABLE “fake news” legislation to shout down and shut up disagreeing voices in the social media.

    The extreme right wings hell bent on the preservation of PAPpys hegemony and longevity of power grab and consolidation to extend their life span of wealth accumulation are an endangerment to the survival of LEE-jiapore.

    GULLIBLE GREEDY Ah Sengs all got seduced and trapped of no survival. They don’t understand that those who GRABS POWER AND MONEY will never give it up – EVER and ENDS JUSTIFY ALL MEANS to consolidate the status quo.

    WITHOUT A POWER SHIFT OF VOTE BALANCING to remove the Asset enhancement politics scam of transfering wealth from the poor to the rich and the demolition of the GRC construct, most peasants won’t survive beyond this current generation.

    Neither will LEE-jiapore survive much longer after the next GFC.

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  • good educational programmes:

    //He/she will teach you all the slippery accounting techniques to generate varied sets of financial statements which will passed all audit requirements.

    Response: thanks for the valuable tips.//

    unfortunately, the mainstream media does not have good educational programmes for participants to air ALL the wayang / roti prata adopted by so-called professionals in the different respective domains (tan jiak tan jiak lar).

    professionals leh (inventing their own so-called acceptable industrial rules and practices leh which can keep on changing with time lar ???) ????

    when 4 = 5 and selected = elected, do you know how slippery it is going to get ?????

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