Is Prime Minister Lee engineering his grand exit?

BIG SPENDING has become the new hallmark of the current 4G People’s Action Party (PAP) politicians. From their lavish year-long Bicentennial Celebration to more lavish National Day Rally (NDR) dinners, they are no longer behaving like the Old Guards, who take engagement with the people and spending of public money seriously.

True, there were some monetary transfer to the Pioneer and Merdeka generations but these “narrowly distributed” dividends are like peanuts when compared to their dividends in the form of their own remunerations and benefits.

As for Goods & Service Tax (GST) voucher and utility rebates, just look at the recent increase in our utility bill to see just how much is given and how much is also taken away concurrently. Our Purchasing Power is being reduced, slowly but surely. At this rate, the poor and the working class will only get poorer. If so, why are we electing politicians who no longer care if we live or die?

Even if we forgive the PAP for their failure to deliver the Swiss standard of living for Singaporeans, I wonder if they have also forgotten about their promise of creating a Stakeholder Economy for us where every citizen can receive regular dividends from our economic success. Now that our former President Tony Tan has stepped down and retired, I wonder who can we asked about this “unfulfilled” promise?

Of late, we can see almost every minister labeling “affordable” on every of their policy and then rehashing them as “success stories” despite their years of miscalculations and having to catch up on several of the policy-curves. Are these “affordable” labels their new talisman?

What I cannot understand is why isn’t any of the 4G politician even remotely concerned about the hardship that Singaporeans are facing. What are they busy with?

Now that Prime Minister Lee Hsien Loong (PM Lee) has unveiled his audacious Greater Southern Waterfront redevelopment, I do wonder if he is engineering his Grand Exit.

Looking Back:

Since PM Lee is supposed to retire after this upcoming election, it is highly probable that he is trying to cement his own legacy to impress upon future generation of his greatness, and also probably to impress upon foreign investors and delegates visiting our country that he is the man responsible for the success of ultra-modern Singapore.

As PM Lee clearly has the worst election record among our three prime ministers, he seriously needs a spectacular win at the upcoming election to erase his past poor records, as otherwise, all the physical monuments that he has erected or erecting will mean nothing, and he will always be seen as one who is the weakest. His antagonists will have their last laugh in teasing him ceaselessly. He has to score and he must score really big.

Here lies the irony. When he lost badly in GE2011, he actually cried publicly and seeks the support of Singaporeans to give him another chance.

That approach was logical. Now that things are again degenerating into even being more contentious and divisive than before GE2011, why is he defying logic by taking such an extravagant approach instead of being remorseful and show some sincerity in addressing our pressing concerns?

Enters the Magical Maestro:

PM Lee is no fool. Like a shrewd politician, he had magically waved his magical wand during NDR 2019 over the Greater Southern Waterfront and turned it into “The Panacea” that will solve all our current and future economic and social woes.

Why is the great maestro embarking on such an audacious project that stretches over 100 years when Singapore is only 54 years old? If PM Lee could not deliver on his earlier promise of transforming Singapore into an open and inclusive society despite after spending 15 years in office, then how is he going to deliver on this even more audacious undertaking that even late Lee Kuan Yew or our First Cabinet leaders will not have the courage to imagine?

Question and More Questions:

No one has yet to asked him as to where is he going to find the sand needed to reclaim the massive Southern Waterfront project without being accused of plundering the eco-system of our neighbours. If we have to end up importing such a humongous amount of sand, can we expect other ASEAN neighbours and environmental-related NGOs to keep quiet, and is this ethically right or morally wrong?

As for his 4G team, can they truly support him in such an audacious undertaking to stop rising tide of up to 4m when they could not even manage the flooding at Orchard or stay ahead of the many policy curves?

The Greatest Gamble:

Without a comprehensive plan that is well supported by project feasibility and environmental impact studies and matched with financing structures needed to support such a grand scheme of thing to maximize revenue and keep the project sustainable, his Grand Plan is looking more like a Big Gamble.

If it goes out of control, then instead of addressing the issue of rising tides, we may all end up being burden by a rising debt that even our future generations may not be able to bear. Why is PM Lee so hard-pressed to be taking such a big gamble with the future of our children?

Blessing or Curse?

If the Greatest Gamble is already in play, I think many of our opposition leaders now risked being humiliated, snookered or even checkmated by this great Magical Maestro in the upcoming election if they remain complacent or keep to their “same old” approaches. Missing by a slim margin is not an option for some.

The review by the EBRC is a macro-issue, beyond the reasonable control of the opposition. They can pre-analyze or “chope” their preferred SMCs or GRCs for all he cares as without a concerted strategy that can seriously rattle the PAP, all those “eager-beavers” are already playing into his hand. Why are they foolishly helping the Great Maestro, election after election?

Supported by their inherited well-oiled machinery from the old PAP and new expertise garnered from Smart Nation, PM Lee can have every predictable outcome predicted and contained. Given the high stake, he is unlikely to be leaving anything to chance this time around. He needs to have every threat contained and contingent against.

As such, he will draw every threat into the open. There can be no surprise. Every card must be opened and analyzed. His greatest threat has yet to be drawn into play and that is discomforting for PM Lee.

He will use all the tricks available to ensure a Big Win in the upcoming election. How I wished he could be as serious in addressing our immediate concerns instead of those of his party.

The Great Proclamation:

PM Lee was right to proclaim at NDR 2019 that “everything else must bend at the knee to safeguard the existence of our island nation”. This is a time-tested proclamation that every nation must take very seriously.

Here lies the irony – are his 4G politicians also bending their knee to safeguard our nation or are they using this proclamation to propagate the prosperity of their own party and interests but at the expense of our nation? This potential discrepancy needs further analysis and discussion.

Is Party-Politics the New Cancer?

If their latest announcements are all about the PAP winning big in the upcoming election instead of addressing the hardship and suffering of the people, I wonder if the Great Magician could have made a serious miscalculation here which underestimates the intelligence of the middle ground and patriotic grassroots leaders who can swing the votes against them. They are no fools either.

If so, then we can see with greater clarity that they are actually dedicating all their time and resources into trying to win big in the upcoming election. Aren’t these 4G politicians or even PM Lee himself undermining and contradicting the very essence of this Great Proclamation? Will the middle ground and patriotic Singaporeans continue to stay passive this time around?

Who are patriotic and who are party-centric is now much clearer for all to see. For the prosperity of our country, we must all be patriotic first and always. Party-politics is the new cancer that we must fight at all cost to keep our country viable and successful. This applies also to the opposition too. There can be no exception.

GE2019 or GE2020?

When it finally rains this November, we need to be asking if it is going to be a blessing upon our nation or otherwise. Opportunities are like water, and once they evaporate, then all is lost. The ruins of many great nations and the fall of many great men attest to this reality.

It is sad that some Singaporeans choose to keep their fingers crossed or close their eyes and ears when we still have the opportunity to make a difference. Our religious faith, penances and prayers, and even all of our wealth and success, will mean nothing if we choose to close our conscience to embrace these harsh realities that are plaguing our nation and fellow-citizens.

Our Collective Consciousness to act in good faith matters, and may just save us as a nation if we can make it clear to all politicians that Singaporeans are no fool or pushover. Public office has to be about service to the people and nation first, and always. Political parties can come and go but nation, once collapsed, is a lost case.

Nation at a Crossroad:

As we have reached a critical crossroad of our Nation Building, we should be asking ourselves if we truly value our blessings and success as a nation. If we do, then we ought to awake our Collective Consciousness and think critically about PM Lee’s Great Proclamation and take corrective action in this upcoming election. If our politicians are serving their self-interests instead of the people, then we are already in a crisis.

If these 4G politicians can roll back on the promises of LKY with their “zero-value” of our HDB or tinker with our CPF, then all their new promises are likewise empty promises that can be rolled back or reduced once the election is over.

That explains why LKY was often quoted that the day will come when the PAP will fail the people and be voted out. If Singapore is to degenerate at this pace and collapse under poor leadership, then future generations will be blaming us and cursing at his name. Isn’t the legacy of LKY worth saving? Are all his loyalists dead too? Who can or will save his legacy?

Time to rekindle our Collective Consciousness and be patriotic because future generation of Singaporeans cannot afford to be burden should this Great Gamble goes wrong. It is wiser to play safe and take calibrated approach. “All or Nothing” gambling mentality is just too reckless an option.

This is one article that I hope I am wrong or will be proven wrong. But if I am right, then I think the coming months are going to be gloomy and dark when everything becomes contentious and litigious. Hope such dreadful days will never dawn upon us.

Time to wake up and think critically because Singapore deserves better…

 

Joseph Nathan

 

 

yyy
SPONSORED ADVERTISEMENT
Loading...

41 Responses to “Is Prime Minister Lee engineering his grand exit?”

  • patriot of TUMASIK:

    I BEND my knee only to my God & Creator not the CONvitions of Idiots passing off as Human when in essence they are the Spawns of Evil!!!…

    The Last Hurrah will be Played out by Lavish Plans to Lock Up whatever if there is ANY in the Vault…

    The Bags are Packed and ready to Leave trough the Front Gates of Istana in a Gun Carriage the WAY he left the Army with his BG title INTACT but NOT the PM title this time around it will be a Plaque INSTEAD!!! the Jinx and FamiLEE can take a Permanent Holiday to spend their IllGotten Gains in a Paradise of their OWN!!! please don’t forget to bring the urn and ashes along!!!

    GD Star Rating
    loading...
  • IB are prostitutes and traitor:

    Singaporeans can lead a Happier Life if PAP is replaced or forced to make drastic changes to their flawed CPF policies and immigration policies and become transparent and accountable.

    We can ONLY achieve this if vote in talents from PSP, SDP, PV.

    We CANNOT achieve this if we keep the Status quo. This includes the useless WP.

    GD Star Rating
    loading...
  • RDB:

    Has Sg govt with too long of decades of wining every GE become cocky proud that they can never sink Sg economically and bring both pa and our country down till no rescue. Pride come before a fall is not just saying but a living reality.

    GD Star Rating
    loading...
  • TruBlu:

    grand exit or not,HISTORY WILL WRITE THE TRUTH.
    AND,the TRUTH IS HE IS A WASTREL.
    he is as lame as lame can be.

    GD Star Rating
    loading...
  • opposition dude:

    Depending on how badly PAP does in the next election we could see quite a few things changed. Losing another GRC is no big deal to them since they have long gotten over the psychological blow of it. If we want the PAP to actually pay attention then we have to make them lose a lot more than just another GRC to send a crystal clear message to them.

    Whatever fancy or grand schemes the goondu PM has cooked up or is planning to announce won’t be helping Singaporeans with the high cost of living and job insecurity. After all it can be seen that PAP is just doing the wayang when they introduce all these GST vouchers and what not. The problems we have had for years have never been resolved, aliens are still being let in yearly and the numbers of work permit, S and E Pass holders has NEVER decreased.

    But all this frequent talk about how useless PAP is isn’t going to be of any use if the kiasees continue to be kiasee and do not see the big picture but rather hang on to their famous 2 excuses. I just hope Gen X, Y and the millennials can see the bigger picture facing them.

    GD Star Rating
    loading...
  • never voted pap:

    engineer grand exit?

    nah.

    there is nothing grand about lky clown.

    since 2004, Spore went further downhill, after initial slide during reign of mediocre goh cock tong.

    GD Star Rating
    loading...
  • Spineless Sinkie Syndrome:

    Those who believe he will simply let go of political power are being too naive. He may overtly proclaim he is giving up his throne, but the fact is he NEEDS to have secure grip over the next puppet(s), at least until his inevitable EOL and he goes down to meet his papa in some underground “hot sauna”.

    Sinkie politics has become like the Mafia organization.
    Once you are deep in, you can NEVER get out because you will know too many “dirty” secrets, have too many skeletons in your backyard or have too much$ stake. There will be just too many enemies that will come back to haunt him if he ever lose his grip on power.

    For example, if your papa is a Mafia boss, and you took over his Mafia kingdom, would you betray your own father’s dirty secrets? Obviously not.

    Similarly, when age has caught up with you and it is your time to expire, you will also NEED to pass to someone who will NOT expose all your lifetime of dirty secrets. So who will be the safest choice, if not your own son?

    Thus, this is how royal dynasties or Mafia families gets propagated again and again until all transgressions are eventually forgotten…

    Unless there is a break in the line of succession or the seat-warmer suddenly disobeys the master. Hence, seat-warmers have to be totally obedient or there will be a big risk to him. In Mafia organizations, typically they will first ply the seat-warmer with sex, money and drugs and take video evidence of all his sexcapades or other dirty dealings.
    This is to ensure that the seat-warmer is totally obedient with a lease around his neck.

    Hence, that is why LEEgime has to continue the bloodline as long as possible, although he still has to maintain a facade of a democratic republic by inter-spacing with various obedient seat-warmers in between every alternate AhLeee? Ha!

    Imagine a scenario where a dictator loses power due to whatever reasons (e.g. major election defeat or he dies suddenly), then the next person who takes over who is not beholden to him, will DEFINITELY EXPOSE ALL his dirty laundry. Why?

    The reason is really simple. If YOU are the one taking over and you discover that LOTS of $ has already gone somewhere or there were many dirty dealing during the past DECADES, would you want to take the blame for the dictator? Of course not.

    You did not do those dirty deeds yourself but you have to explain to the people where ALL the $ has gone right? So, how are you going to account for it? If huge parts of the $ is gone (like in Msia case), then of course you would logically point fingers at your predecessor and rightly so.

    Historically, that is why dictatorships or dynasties collapse and how TRUTH eventually sees the light of day.

    GD Star Rating
    loading...
  • good riddance:

    yes, he’s all ready to exit and leave the glaring mess to whoever.
    he knows he’s not fit for the job. without his pa holding his hand.
    all the better, but his successor is just as bad..old farts w/o any new ideas or compassion.

    GD Star Rating
    loading...
  • Harder Truths:

    Grand Exit? This guy will never give up power. N-e-v-e-r.

    Anyone ‘taking over’ will answer to him. Do not expect him to go unless it is on Flight 636.

    GD Star Rating
    loading...
  • Wise Up Young People:

    How to attract the younger generation to vote for PAP? As for the older people their main issues are Cost Of Living, CPF, Job Security, FTs, Cost Of Health, HDB etc which the PAP have no answers and so they have to at least attract the younger voters.

    So what is important to the younger voters ? The Future Ahead. So they gave subsidies for further education. But why only now while all the previous years they have been increasing the fees like no body business ? So younger people do not be fooled by PAP tactics.

    The second future factor is Climate Change which the younger generation will face in 50 to 100 years time. They are talking as if they can see the future in 50 to 100 years ahead when even now they are not able to predict what is the outcome of the USA and China Trade War for the five years ahead.

    But now they are talking about 100 years ahead ? The fact is that PM and his Ministers will not be around anymore unless they can direct the operations from Heaven.

    So what will happen in 50 to 100 years is anybody guess. So please do not be con by PM and his 4G leaders just to win big in this coming GE.

    Its too early to worry about 100 years ahead and their prediction may not come true at all.

    So right now, I would like to convince the younger generation to focus on the current issues that are affecting all our live right now and unless the PAP can solve or else we may have to give them the retrenchment papers.

    Wise Up.

    GD Star Rating
    loading...
  • Karmic traces of realpolitik:

    His papa deserted his pals and mentors – the great Toh Chin Chye & Goh Keng Swee – as he downplayed their spectacular achievements for the Republic of Singapore. It’s been a downward spiral from the vibrant days of the 80s when Singaporeans were socially caring and sharing and upwardly mobile; we could never imagine what “crony-capitalism” could mean or that our CPF would be cannibalised by one mean trick after another! That PAP would mutate into the Lee Corporation… oh nonono.

    GD Star Rating
    loading...
  • Rabble-rouser:

    S’pore had lost 2 decades similar to that of Japan which had entered into their 4th “lost” decade since their peak in the mid-1980s. And there’s no prospects of any economic recovery over the horizon. The Japanese demographic picture is dire! Too many elderly & geriatric people. Ask yourself what would be their energy level to help turn around the Japanese economy? It’s so obvious! And S’pore is no better!

    Forget about GDP Growth figures! What is important are wage growth, affordable housing, affordable cost of living, ample jobs & economic activities and so on. These are all absent from S’pore’s landscape!

    All the PAP govt’s big spending projects have a question. Will there be meaningful capital recovery as well as a ROI figure? All these prolific spending doesn’t really create high-value jobs nor prosperity. It only benefits foreign contractors while the work being done by foreign workers.

    The Greater Southern Waterfront redevelopment look to spend public monies which would end up creating luxurious land & housing developments for foreign billionaires. All these juggling around of land resources & relocation costs comes at a great cost which will be ultimately borne by taxpayers. Yet the equation shows that everything else ie. Benefits, profits & windfall goes back into the govt’s pockets because these are State-owned lands. But will they (the billionaires) come?

    The Global Economy is entering into a major contraction & a liquidity mess; the catalyst being the US/China trade wars. But a hidden factor is climate change with extreme weather. Damage to farmlands, to livestocks & to the food production supply chains are about to spike food costs upwards.

    And S’pore’s open economy is particularly vulnerable. S’pore’s economic model were based on providing intermediary services. It is particularly subsceptible to a global economic downturn. Most of what S’pore does are discretionary type work which can be either be postphone or totally scrapped.

    Look what happened to the S’pore/M’sia transport link projects after PH took over. In India, the much vaunted Amavarati City went into a standstill after a change of State govt who didn’t like spending so much govt resources on Grandiose Infrastructural Projects.

    One part of the S’pore population (electorate?) still harbours the thought of a coming property boom oblivious to the ominous signs in the Global Economy. Cavemen, cavewomen property investors still buy into PAP’s 6.9 million or even 10 million population target like fireflies capitivated by a burning flame. The HK political turmoil gave them an idea that rich HK’gers would soon relocate to S’pore. Simplistic thinking!

    GD Star Rating
    loading...
  • Boh Kia See:

    The Clown said he would “retire” but you believe him?

    Some years back, I recall he said he did not want to enter politics either. As I mentioned before, he says things for the effect of the moment.

    Actually, he did not say he is going to retire from politics, only from the PM post. So he will linger on like his old fart in Parliament until he drops.

    The important thing is to send in a good solid opposition team to challenge him on his home turf in order to remove him from Parliament totally. It would be difficult for him to be Secretary General of the PAP if he is outside Parliament.

    So opposition parties should start canvassing in his area going block by block and flat by flat.

    VTO is the way to go for Singapore.

    GD Star Rating
    loading...
  • oxygen:

    @ Rabble-rouser

    BRILLIANT THOUGHTS – exactly as I thought too. The world population has gone geriatric.

    The 30-yr US T-bond hit sub-2% yield last week – an all-time high. There is no demand to support entrepreneurial risks/investment undertaking.

    Population recycling economics resting on massive foreign influx is TOXIC OF COSTS OF LIVING ESCALATION AND OVERDRIVE OF WASTEFUL SPENDING ON UNPRODUCTIVE ARTIFICIAL BEAUTIES AND INFRASTRUCTURE.

    Rabble-rouser: S’pore had lost 2 decades similar to that of Japan which had entered into their 4th “lost” decade since their peak in the mid-1980s. And there’s no prospects of any economic recovery over the horizon. The Japanese demographic picture is dire! Too many elderly & geriatric people. Ask yourself what would be their energy level to help turn around the Japanese economy? It’s so obvious! And S’pore is no better!

    Forget about GDP Growth figures! What is important are wage growth, affordable housing, affordable cost of living, ample jobs & economic activities and so on. These are all absent from S’pore’s landscape!

    All the PAP govt’s big spending projects have a question. Will there be meaningful capital recovery as well as a ROI figure? All these prolific spending doesn’t really create high-value jobs nor prosperity. It only benefits foreign contractors while the work being done by foreign workers.

    The Greater Southern Waterfront redevelopment look to spend public monies which would end up creating luxurious land & housing developments for foreign billionaires. All these juggling around of land resources & relocation costs comes at a great cost which will be ultimately borne by taxpayers. Yet the equation shows that everything else ie. Benefits, profits & windfall goes back into the govt’s pockets because these are State-owned lands. But will they (the billionaires) come?

    TECHNOLOGY IS NOT CREATING NEW INVESTMENTS but destroying of jobs.

    Who is feeding the desperate hunger of over-population in LEE-jiapore in this self-inflicted DUMBEST ECONOMIC MODEL worst than the scam of asset enhancement politics deception destroying life-long earned wealth in cave-men/caavewomen mentality housing and the CPF buried in the same coffin?

    GD Star Rating
    loading...
  • oxygen:

    @ Rabble-rouser

    ANOTHER BIG HIT of yours here of this observation.

    Rabble-rouser: The Global Economy is entering into a major contraction & a liquidity mess; the catalyst being the US/China trade wars.

    BHP said this most recently.

    BHP :We are more cautious than a year ago, the trade tensions are not helping, but also the business cycle which has been strong around the world over the last few years is starting to show its age

    https://www.australianmining.com.au/news/bhp-to-reinvigorate-portfolio-amid-global-uncertainty/?fbclid=IwAR0plZDaLISkyKLzzy74K_ESX37diPMAJWF0D51kE_6rLIxs3ebA9IZ2YKc

    GOOD FORECASTERS SEE THE STORM COMING long before it hit your face.

    PAPpynomics is HOPELESS LOST SHEEP still obsessed with its orgasmic drive for artificial beauties of futility grandoise spending PAID FOR FROM THE MONEY/CPF/TAX of this struggling generation.

    GD Star Rating
    loading...
  • oxygen:

    @ Rabble-rouser

    YOU SURPRISED ME WITH THIS JACKPOT HIT,really. Why? Read on.

    Rabble-rouser: But a hidden factor is climate change with extreme weather. Damage to farmlands, to livestocks & to the food production supply chains are about to spike food costs upwards.

    BHP will say CLAP CLAP CLAP.

    BHP :This coincides with BHP’s expectations of a rise in potash use as the global population rises and arable land decreases in response to the environmental effects of climate change.
    “Whatever land that is available today needs to be more productive, in order to make it so, one important influence is fertiliser and one of most important fertilisers is potash

    https://www.australianmining.com.au/news/bhp-to-reinvigorate-portfolio-amid-global-uncertainty/?fbclid=IwAR0plZDaLISkyKLzzy74K_ESX37diPMAJWF0D51kE_6rLIxs3ebA9IZ2YKc

    YOU AND BHP are telling me to start hunting globally for potash shares – LEE-jiapore’s cavemen and cavewomen won’t touch.

    THANK YOU!!!

    GD Star Rating
    loading...
  • oxygen:

    @ Rabble-rouser

    Sorry, typo error there.

    oxygen: The 30-yr US T-bond hit sub-2% yield last week – an all-time high. There is no demand to support entrepreneurial risks/investment undertaking.

    should be read as

    oxygen: The 30-yr US T-bond hit sub-2% yield last week – an all-time LOW. There is no demand to support entrepreneurial risks/investment undertaking THAT COULD EVEN YIELD AN ANNUAL RATE OF 2% RETURN to justify business risks adventure.

    GD Star Rating
    loading...
  • pap talking cock:

    every time by accident the lky clown face appears in front of us we see a clown who makes our blood boil.

    we don’t go ballistic over his ffffing lky clown face. because our wives not thieving S$m from any citizen owned assets such as temasick.

    but being human, we cannot tahan his ffffing lky clown faced hypocrisy. so our blood boiled, naturally.

    good thing is, with Internet, we switch page or off power and his ffffing lky clown ffff face disappears. even so, always seem to see his ffff face in TRE.

    GD Star Rating
    loading...
  • MarBowling:

    His Grandma Exit is BLOCKED Heaven. The messes(social inequalities, housing bubbles, High Cost Living, massive influx of so-called foreign talents and leeches who have become new citizens, shifting of CPF withdrawal goal post, massive losses at TH and GIC, common folks instead of retiring at 55 to enjoy their fruits of labor have to work beyond 65 to 70 or until they drop dead, building of white elephants all over the shop, bailout of useless paper generals helming large GLC and organizations such as NOL, SMRT, etc. which have incurred hundreds $millions of losses! And many more!

    Like that want to make a Grand Exit! Like Carrie Lam of HK, Mai Hum has stayed behind to CLEAR and CLEAN UP ALL THE SHITS he has CREATED! Heaven has eyes. Hopefully, he is Finally Kenna KICKED OUT in the coming GE, before he could INFLICT FURTHER DAMAGE to our beloved country!

    GD Star Rating
    loading...
  • Harder Truths:

    Total Bullshit by the World’s Most Expensive Politician.
    If all this fails he and his people will all blame $ingaporeans.

    GD Star Rating
    loading...
  • useless puppeteer:

    puppet master will exit the real show, but he will still be stringing his puppets behind the curtain.

    GD Star Rating
    loading...
  • Rabble-rouser:

    @ patriot of TUMASIK:
    Bro, I’m talking about S’poreans packing at recent new property launches booking units, not the Hongkies! I wholeheartedly agree with you that HK’gers would never come here except for a few odd ones.

    But the recent property revival seemed a little suspicious coming right after the HK protests started 3 months back. In S’pore the speculative mathematics is 1+1=3.

    patriot of TUMASIK:
    Disagree Rr…spend 3 years in HK and knowing them well enough and NOT the Peasants as you would like to put it…the Last Place to go to is Singapore…there was a slight Influx in 1997 but they Packed UP and left soon after…Fave Choice Australia & Canada where they will NEVER be stifled…should they decide to come it will be for the little Red Book

    GD Star Rating
    loading...
  • Michael:

    Singaporean deserve a better government than the current .but they have no balls to fight for one .

    GD Star Rating
    loading...
  • Michael:

    The reason why the lee cannot give up power is because without it the enemies came seeking for them .you see when you are in power ,you make enemies .some who wants to see you died .once you lost power ,you are vulnerable.

    GD Star Rating
    loading...
  • Michael:

    To the first generation pap leaders I saluate you.
    To the current new leaders ,it is time to see you out there door .

    GD Star Rating
    loading...
  • So do the needful @GE:

    If we sgs wont fight hard for our lives and country, then we cant complain about the mils of aliens happy n willing who are taking our
    The present sgov are self serving & arrogant.
    They are selling us and our country out to thehighest bidder.. the proceeds go into their interests, not ours.

    GD Star Rating
    loading...
  • So do the needful @GE:

    Error..
    Shd read ” …..who are taking our places”.

    GD Star Rating
    loading...
  • patriot of TUMASIK:

    Rabble-rouser:
    @ patriot of TUMASIK:
    Bro, I’m talking about S’poreans packing at recent new property launches booking units, not the Hongkies! I wholeheartedly agree with you that HK’gers would never come here except for a few odd ones.

    But the recent property revival seemed a little suspicious coming right after the HK protests started 3 months back. In S’pore the speculative mathematics is 1+1=3.

    Bro, good-luck to the Idiots who follow an IDIOT with the face of a Joker similar to the one in Batman lah!!!

    GD Star Rating
    loading...
  • Rabble-rouser:

    @ oxygen:
    No forecasters within the PAP govt!

    They are all linear thinkers of PAPpynomics steering a straight precise course inspite of choppy waters ahead being churned up by Technological Disruption & Business Discontinuities like Brick ‘N Mortar Investments.

    Seriously, I think there is a problem with these PAP people in their understanding of the global context of things. They’ve got it so wrong with;
    * the BREXIT Referendum results;
    * Donald Trump’s win over Hillary Clinton->death of TPP;
    * Antagonizing China in front of the US political scene by PM LHL;
    * Backhanded “slap” by XJP not inviting PM LHL in China’s first BRI Conference;
    * Not realising the seriousness of the US/China trade spat & allowing the S’pore economy to sail right into the storm; &
    * Engaging in nonsensical Parliamentary proceedings with minority participation of Elected Presidency, followed by the siblings accusations over 38, Oxyley Road, followed by the POFMA legislation & Public Forum which turned into a trial prosecution – All these while the Global Economy were turning down. You got to question about the PAP’s sense of priority!

    oxygen: GOOD FORECASTERS SEE THE STORM COMING long before it hit your face.

    PAPpynomics is HOPELESS LOST SHEEP still obsessed with its orgasmic drive for artificial beauties of futility grandoise spending PAID FOR FROM THE MONEY/CPF/TAX of this struggling generation.

    GD Star Rating
    loading...
  • Rabble-rouser:

    @ oxygen:
    Brick ‘N Mortar retailing concepts are literally melting right infront of our eyes. In Australia, the South African owners of Big Departmental Store, David Jones are staring at their Age of Extinction. Myer is no better!

    In S’pore, the once eminent Metro Holdings is close to being a penny stock in SGX. Robinson’s name only exists in S’pore’s history books, no longer in the retailing landscape.

    The world is embracing online retailing, giving the middle finger to Brick ‘N Mortar shops & to their greedy Mall landlords (to REITs in particular). Permanently vacant retailing spaces are becoming the norm especially as the S’pore economy contracts. Sudden deaths of retail operations now look likely as cash flows recede to levels too low to even pay rents, wages & suppliers!

    Even Grab/Go Jek drivers faces Autonomous Vehicle mechanisms to replace them; Food Delivery guys/gals could be replaced by flying drones. Even bread ‘n butter programmers from India (CECA) are not immune as self learning machines would be able to write rudimentary coding language in the future.

    As the relentless technology wheels roll over the crushed skulls of the jobless & irrelevant (like in the Terminator movies), there are no safe havens left to hide!

    Like you say, ” The 30-yr US T-bond hit sub-2% yield last week – an all-time LOW. There is no demand to support entrepreneurial risks/investment undertaking THAT COULD EVEN YIELD AN ANNUAL RATE OF 2% RETURN to justify business risks adventure.”

    I think I would add on that smart investors like Warren Buffett whose keeping high levels of low-yielding cash, are seeing huge systemic risks from nonsensical businesses like WeWork funded by silly venture caps, SWFs & pension funds on a whimsical idea of Co-working spaces. None of the recent unicorn IPOs have worked out profitably in financial performance, all are cash burning entities or deeply mired in debts.

    I think smart investors are keeping their powder dry because the long term bonds interest rate yield structure hide an increasing liquidity preference of cash flush investors for short-term rates rollover.
    - Cont’d -

    oxygen: TECHNOLOGY IS NOT CREATING NEW INVESTMENTS but destroying of jobs.

    Who is feeding the desperate hunger of over-population in LEE-jiapore in this self-inflicted DUMBEST ECONOMIC MODEL worst than the scam of asset enhancement politics deception destroying life-long earned wealth in cave-men/caavewomen mentality housing and the CPF buried in the same coffin?

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Rabble-rouser: Seriously, I think there is a problem with these PAP people in their understanding of the global context of things. They’ve got it so wrong with;

    @ Rabble-rouser, oxygen
    I would add an additional wildcard scenario that is going to come at some point – climate change. Droughts, floods, and heat waves will wreck parts of the world’s agriculture. These extreme weather events will shatter parts of the world with insufficient resources to deal with it. Millions, yes millions, of human refugees that will be on the move when their current lands become uninhabitable due to major shifts in weather patterns. This will bring food shortages which will be a destabilizing element to the global economy.

    Dealing effectively with any kind of global crisis requires a lot of international cooperation. How plausible is that…?” Excellent and scary question when most of our food imports depend on others! To this we must add environmental degradation and disparity. These two factors have played a part in the collapse of all “great” civilizations, and ours will be no different. You can put a lot of resources into trying to avoid them but if you don’t address the root problems you just put off the pain and amplify the inevitable disaster.

    Time to think in systems of production and consumption that take in consideration the planet boundaries and of all human needs. Not much time left. Secondly, there is the escalating volatility of the market. Crazy, unpredictable swings take place on what is now a daily basis, fueled by what is clearly “Too Much Information”, with little to no regard for long-term planning and steady growth policy.

    One thing for certain, modern economics with its flawed presumption of a nation or international market comprised of “rational” decision
    makers has never been more useless as a predictive tool. Obviously, crisis cannot always be predicted, but it is scary to have a new band of motley PAPpy neophytes as our line of defense. I am fearful this govt. would not move quickly, decisively, and APPROPRIATELY when the next disaster begins.

    GD Star Rating
    loading...
  • Rabble-rouser:

    - Cont’d -
    This also creates a credit yield rates structural imbalance which raises impending issues for US Central Bank’s capacity to fund potential QE exercises in the future to avert looming financial crisis. The financial headroom once possible to the US Central Bank to avert the 2008 GFC are no longer present today.

    Plus the US govt are strapped for cold hard cash to fund US govt day-to-day operations & to pay their politicians’ entitlement & privileges. It’s like a credit card spending addict trying to stay away from the bankruptcy courts through making minimum sum repayments & borrowing regularly from friends, colleagues & relatives to lengthen their credit card default finale from occurring.

    Even the recent Gold/Silver commodity bullish signals now look rather unconvincing but was spectacular when erupted right after Jay Powell’s acquiescence to Trump’s bullying to cut interest rates ASAP. The Cryptocurrencies did the same bullish signals but were the first to show a lack of follow through, now they are falling back!

    Now it’s not a time to be gung-ho in the Investment World. It’s better to think that you’re stupid & that you can’t comprehend the present-day situation than to be a “Kei-Kiang” investors who thinks they can outsmart & outperform the market. Simply put, the current risks in the markets overwhelmed any perceived future rewards!

    Too many Hedge Fund managers have crashed & were burnt trying to outperform & out-think the marketplace. The smarter ones quickly closed shop & return monies back to their investors before things got worse.

    GD Star Rating
    loading...
  • patriot of TUMASIK:

    Rabble-rouser:
    - Cont’d -
    This also creates a credit yield rates structural imbalance which raises impending issues for US Central Bank’s capacity to fund potential QE exercises in the future to avert looming financial crisis. The financial headroom once possible to the US Central Bank to avert the 2008 GFC are no longer present today.

    Plus the US govt are strapped for cold hard cash to fund US govt day-to-day operations & to pay their politicians’ entitlement & privileges. It’s like a credit card spending addict trying to stay away from the bankruptcy courts through making minimum sum repayments & borrowing regularly from friends, colleagues & relatives to lengthen their credit card default finale from occurring.

    Even the recent Gold/Silver commodity bullish signals now look rather unconvincing but was spectacular when erupted right after Jay Powell’s acquiescence to Trump’s bullying to cut interest rates ASAP. The Cryptocurrencies did the same bullish signals but were the first to show a lack of follow through, now they are falling back!

    Now it’s not a time to be gung-ho in the Investment World. It’s better to think that you’re stupid & that you can’t comprehend the present-day situation than to be a “Kei-Kiang” investors who thinks they can outsmart & outperform the market. Simply put, the current risks in the markets overwhelmed any perceived future rewards!

    Too many Hedge Fund managers have crashed & were burnt trying to outperform & out-think the marketplace. The smarter ones quickly closed shop & return monies back to their investors before things got worse.

    I was never an investor or speculator in Property or shares…the only thing I invested in was Old gold coins and some antique watches…that I sold at a pretty good profit when things don’t look too good for me in the late 80s…I remember when my friends and business associates went into a frenzy over Stock & Shares in the early 70s with some pundits insists that I should NOT miss the boat…OCBC I remember to hit the $50 plus and others were shooting like a rocket…AND…Lo & Behold the Evil Bastard Con You came out and make a statement that the Bubble will BURST…and BURST it did with a big bang and like Humpty Dumpty came crashing down…a couple of friends went burst because loans for shares were quite easy and there were systems they can go into without much money needed… I have always wondered WHAT HAPPENED very much later though I was not at all Bothered…Why a statement from the ConMan and the share collapse was there a cloak & dagger play??? hmmmm I wonder

    GD Star Rating
    loading...
  • Rabble-rouser:

    @ Haigen-Diaz:
    Bro! One area which is always never mentioned anywhere in the MSM Reporting nor on their Narratives were that the farmers themselves are rapidly ageing.

    Most of the farmers in the Western World inherited their lands from their forefathers. This progression has been ongoing for many decades – from grandparents to parents to children working the land.

    But with the Internet & social media, there is a huge break in this progression as their present-day children no longer wants to follow their parent’s footsteps. And that will be the bleak future reality of things to come – Impending Food Shortages!

    A lot of US farmlands had already gone fallow as ageing farmers often take advantage of govt subsidies or agricultural bodies quota incentives to control production of their crops to maintain world prices.

    Global Agricultural Exports have a lot of political machinations & financial speculative elements re: govt export subsidies & overseas import incentives, farmers production quotas to manage world prices, commodity futures contracts with no bearing on actual demand/supply being played by CBOE traders in Chicago creating (manipulating?) spot pricing mechanism or even pure speculative price volatility, etc. Nothing is what it seems to be these days!

    And climate change is causing a bleak scenario with scorching heat, early snowfalls or torrential rains ruining farmers’ growing seasons. With the ensuing US/Trade War, US farmers are facing bankruptcy as China refused to absorb US agricultural products in retaliation against Trump’s tariffs on Chinese goods!

    There’s too much liquidity flushing around within the Global markets (Financialization distorting market making mechanism & inflating asset pricing). You are right to say that there is clearly “Too Much Information” out there. The basis of rational decision making in an increasingly volatile world is beyond most people.

    The biggest issue is emotional (Greed or Fear). Another is the coping mechanism (learning from mistakes).

    Only way to excel going forward is to shut out “superfluous” info, calmly & cold-heartedly analysing hard data & have an excellent reading Mind, a good ear & use intuition & experience.

    And when confronted with the S’pore Stereotyping of the Meritocratic Scholar, one would get the impression of overwhelming fear of making mistakes which would jeopardize their linear careerpath progression. And with no mistakes, how to learn?

    Haigen-Diaz: I would add an additional wildcard scenario that is going to come at some point – climate change. Droughts, floods, and heat waves will wreck parts of the…

    GD Star Rating
    loading...
  • oxygen:

    @ Rabble-rouser

    I HAVEN’T BEEN FOLLOWING HEDGE FUNDS or tracking their performance, unlike you, BUT YOU ARE RIGHT of your observations.

    Hedge funds’ hopes for 2018 dashed amid closures

    https://www.fnlondon.com/articles/hedge-funds-hopes-for-2018-dashed-amid-fund-closures-20181224

    Volatility is supposed to be a boon for hedge funds manager but turned out to be a bane.

    Rabble-rouser: Too many Hedge Fund managers have crashed & were burnt trying to outperform & out-think the marketplace. The smarter ones quickly closed shop & return monies back to their investors before things got worse.

    Here is another observation from TD Ameritrade in Marketwatch.com today.

    TD Ameritrade : The greatest risk to investors, the economy, and the tenuous state of geopolitics…….The economy improves enough so that the Fed doesn’t cut rates, investors get spooked, assets pull back in a highly-correlated march, no cash pours in from the sidelines and the bottom falls out. “If no one’s there to buy because they’ve already bought, hedges don’t work because they’re all tied to the same events, liquidity exacerbates swings and the president realizes his cow-prod is on the verge of breaking, watch out below

    Why this overlooked ‘black swan’ poses a ‘monstrous’ risk to the stock market

    https://www.marketwatch.com/story/why-this-overlooked-black-swan-poses-a-monstrous-risk-to-the-stock-market-2019-09-11?mod=mw_theo_homepage

    All asset-bubble driven economies in property etc, I believe, are in deep trouble of no escape.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Rabble-rouser: Plus the US govt are strapped for cold hard cash to fund US govt day-to-day operations & to pay their politicians’ entitlement & privileges….There’s too much liquidity flushing around within the Global markets (Financialization distorting market making mechanism & inflating asset pricing).

    @ Rabble-rouser
    There’s another factor at work. Discussing how to deal with a global recession is like how to deal with climate change—requires first accepting the possibility these things could happen.

    One is, the bond market is a better gauge of the economy simply because many entities, including governments, can tap the bond market, whereas only publicly traded companies can tap the equity market. Even retail borrowers tap the bond market, though indirectly through secularization and pooling of their debts.

    The other is, I would very much appreciate a primer on how the over-abundance of cash can lower yield. Businesses are sitting on cash rather than investing them. That means these cash are flooding the market seeking yields. So to what extent is the low yield a result of too much cash seeking yield rather than gloomy expectation? So, if businesses are sitting on their cash instead of investing, what boost would the economy get from the Fed raising rates again?

    It is a truly bizarre situation we’re in. So the money borrowed by the US Treasury to cover the operation of the government, now and in the future, has been used to make shareholders wealthy with no general welfare impact. Another example of socialism for the wealthy.

    GD Star Rating
    loading...
  • rukidding:

    Botak and frens,…..the railway corridor story not yet “open”!

    GD Star Rating
    loading...
  • Rabble-rouser:

    @ Haigen-Diaz, oxygen:
    There’s a huge fundamental issue with the US Stockmarket right now. Basically, the stockmarket looks cynically manipulated on the major indices! That’s why Active management ie. stock picking or hedging activities doesn’t work! The Small US caps (Russell 2000) were almost stagnant compared to the “Big” indices. That should tell something!

    https://www.google.com/amp/s/www.forbes.com/sites/johnnavin/2019/04/30/the-russell-2000-small-cap-index-lags-the-other-big-indexes-significantly/amp/

    There’s a widespread coordination (fuelled by computer trading algos) towards passive investing on the major indices ie. Index-tracking ETFs & retail investing monies accumulating onto those vehicles.

    The other, I suspect is to foster an optimistic Stockmarket eco-system with which Wall Street can IPO a long list of fiscally-challenged “Unicorn” prospects.

    WeWork’s IPO valuation went from US$50 billion to now US$20 billion in a matter of days. It’s still going down because people are beginning to fret about their unsustainable business model ie. losses bigger than their revenue numbers.

    But those major indices are also in danger of spiking down (Waterfall effect) because fundamentals aren’t looking good. A Trade war cause-&-effect – Inflationary pressures on the debt bubble looking to explode because a cash flow crisis will be emerging, re: bankruptcies, Chapter 11s, etc.

    Same situation is bubbling in the S’pore property market. The high psf price are being kept artificially by cynical manipulative forces. But rent yields & psf values don’t correlated – net yield probably negative even with low housing rates. But Cavemen investors never do their sums! They invest on emotion & instinct.

    We’re probably in one of the longest economic “growth” periods but how much was due to the massive liquidity effect inflating asset growth? The greater problem is that the excessive liquidity had distorted the risk analysis for fundamental investing. Much had been in the hunt by investors for higher yields but equally ominous, a substantial amount of monies ended up either trapped or wasted!

    If the World’s most prominent Investor, Warren Buffett is sitting on mounds of low-yielding cash finding no good values in the market, this alone tell you something! Yet he is more transparent & forthcoming than some SWFs we know! Ha-ha-ha-ha!

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Rabble-rouser: @ Haigen-Diaz, oxygen:
    There’s a huge fundamental issue with the US Stockmarket right now. Basically, the stockmarket looks cynically manipulated on the major indices! That’s why Active management ie. stock picking or hedging activities doesn’t work! …..There’s a widespread coordination (fuelled by computer trading algos) towards passive investing on the major indices

    The problem with the stock market is flash trading, period! Such trading does nothing to raise capital for the corporations involved, tends to cause less astute and less well equipped investors (read middle class investors) to lose money. Then there are the “dark pools” which so very many of the largest brokerage firms use to hide what amounts to added on fees on stock transactions. There has been an ongoing debate on whether or not the use of computer trading algorithms, including high frequency trading, makes the market more or less stable to crashes.

    These so called “liquidity providers” only provide fake liquidity. Often entering into deals where there is already a buyer and a seller and they become the intermediary. Liquidity isn’t really important until you have a crisis which is when you really need liquidity. Of course, the “liquidity providers” go away as soon as liquidity is really needed.

    http://investmentwatchblog.com/the-unending-high-frequency-rip-off/

    As noted herein, there are now many markets in play, and traders are playing one against another in millionths of a second. The playing field may be level, but the game is not fair. What is needed is not just built-in trade delays, as one market has done, but to separate the markets between those trading automatically using algorithms from those who trade ‘manually’.

    Our investments are being made in a rigged game.”… high-frequency traders are responsible for about half of total trading volume…”
    The above statement is the major reason why the exchanges have no interest in changing the current system. These ‘same people’ fund the politicians who have the power to fight this tide but are unwilling to do so as long as the general public remain indifferent. The media which has the power to influence this public indifference is also owned by these moneyed interest.

    So are we doomed? Yes I’m afraid, until they succeed in bringing down the economies of the entire world!

    GD Star Rating
    loading...
  • oxygen:

    @ Rabble-rouser

    YES, CAN’T AGREE WITH YOU MORE ON OUR BUBBLY PROPERTY MARKET, TRE readers can read my last four comments in this thread.

    http://www.tremeritus.net/2019/08/26/electric-cars-are-about-lifestyle/

    Rabble-rouser: Same situation is bubbling in the S’pore property market. The high psf price are being kept artificially by cynical manipulative forces. But rent yields & psf values don’t correlated – net yield probably negative even with low housing rates. But Cavemen investors never do their sums! They invest on emotion & instinct.

    Real estate consultant Ku Swee Yong, believe the optimism is misplaced

    ‘Hype, smoke, and hot air’ clouding Singapore real estate.

    There is no shortage of optimism about the Lion City’s housing market, but experts say that confidence is misplaced

    Rising foreclosures and stagnating home loans growth against the backdrop of a worsening global economic outlook need to be taken into account

    https://www.scmp.com/week-asia/economics/article/3022220/hype-smoke-and-hot-air-clouding-singapore-real-estate

    Come the next GFC, a lot of Sinkie cavemen and cavewomen are all going to be hanged alive.

    GD Star Rating
    loading...

Leave a Reply

 characters available


Scroll Down For More Interesting Stuff


Member Services
Self-SupportMembers Login
Sponsored Advertisement

Search On TR Emeritus
Sponsored Advertisement

Most Recent Comments
  • Left to australia: Guess this is class case of monkey see and monkey do what are they complaining about? Monkey see ,...
  • oxygen: @ Bbc BY WHOSE LAW DEFINITION is your assertion of 1 country 2 systems? Bbc: China so far keep to 1 country 2...
  • Bobo: We are interested in a future not gov by failed systems can or not.
  • Left to australia: oxygen: @ Blueview NOT A SINGLE PAPpypolitics and PAPpynomics ownself-print-ownself paycheck...
  • oxygen: @ vincent tan Grant is gift or semantic accounting in selling price inflated valuation? I am confused. Is the...
  • Went to Japan: A lot of new citizens are from India, Philippines, Myanmar, Vietnam and PRCs…. PAPPY only cares...
  • Bobo: Any meaning for 2/3 oppoS and 1/3 PAP? If your handphone had lost its functionality, do you still think of...
  • Lei Sor Hai: Increae citizens = grow economy??
  • Asd: Think its racism
  • Lei Sor Hai: Fark that noisy female customer at Isetan Westgate. These are the typs that should br gagged by law.
  • oxygen: @ Left to australia CLAP CLAP CLAP, MATE, you beaut! Innovation emanating from a sea of creativity is life...
  • Good-for-nothings: Dont talk so much TCJ. What have you done all this while to make a difference in our sg or in the...
  • patriot of TUMASIK: Foreign Talent Mantra… not “Maranatha” the Evil One recite for fear of...
  • Haigen-Diaz: Haigen-Diaz: What they don’t ask is why Britain never instituted democratic reforms in Hong Kong...
Announcements
Advertisements
Advertisements
Visitors Statistic
Latest Statistic