CCS, HSK et al, should stop thinking they know best and listen to the voice of the people

Listening to Chan CS and Heng SK talk makes me literally tear my hair out. They go on and on about how we have kept our side of the bargain with international investors by keeping the international supply-chain open during the pandemic and it will go down favorably with them, how we need to bring in foreign PMETs to complement the local workforce and the need to attract more foreign startups to create more jobs for Singaporeans.

It gives me a distinct impression that they think foreigners are more capable and superior than Singaporeans. Worse still, I sense a lack of pride and an inferiority complex. I think they should have more faith in their fellow Singaporeans. Yes, for the longest time, Singaporeans have been both mollycoddled and beaten down by him and his peers, but given time and a level playing field, Singaporeans may even surprise these two, and their fellow disbelievers.

The other thing that pisses me off is they are ever so keen to listen to the voice of the business community; echoing their call for a continued reliance on foreigners and invoking the usual scare tactics of an ageing population and Singaporeans shunning blue-collar jobs. Instead, have they ever listened to the voice of the Singaporean worker? Does he want more foreigners? Does he care for an ever expanding GDP when it barely trickles down to him? Does he want more congestion? What about work-life balance? It’s high time they talk to real Singaporeans. (Our Singapore Conversation don’t count)

CCS, HSK et al, should stop thinking they know best and listen to the voice of the people.

 

Foong Swee Fong

 

 

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41 Responses to “CCS, HSK et al, should stop thinking they know best and listen to the voice of the people”

  • patriot of TUMASIK:

    What else can they say???CONvicted-CONvince & Indoctrinated by a LEEgacy left behind to follow…

    they are MORE CONfused than CONvincing without a Mind of their OWN…

    In a Crisis, there is a BOOK of BULL to refer to “The hard truth”

    and therein Lie the Lies we are subject to by a pack of CONfused Idiots!!!

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  • Sg is doomed with 4Gs:

    Yes, it aches uncle’s ears whenever stroke man and cotton sheep talk or give speeches.

    Our unis keep ranking high but plump jobs are given to FTs, not our local graduates.

    Deadpan and loads of motherhood statements!

    Hardly inspiring or motivating.

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  • oxygen:

    THE WINDY HAPPY CONTRADICTION OF ECONOMIC LOGIC relying on cheap foreign labor and asset bubble cooking is the only formulae in PAPpypolitic’s economic misadventure.

    It is a monumental failure. And they still wants to persist on?

    In DE-GLOBALISATION AND COVID-19 WORLD, strategic location completely lost its relevance of value.

    Even Airbnb founder said this

    ‘Travel will never, ever go back to the way it was,’ Airbnb CEO says

    https://www.marketwatch.com/story/travel-will-never-ever-go-back-to-the-way-it-was-airbnb-ceo-says-2020-06-28?mod=home-page

    WITHOUT RETURN TO AIR TRAVEL as a matter of business routine, which foreign investor still look at locating their logistic/supply or corporate communication in LEE-jiapore.

    Maybe foreign ghosts might set up business here and employ locals -deemed as laggard, lacking in motivation, creativity and enterprise – since FT no longer finds it convenient to travel or live here on temporary visa AND THEY DON’T WANT TO TAKE UP PERMANENT RESIDENCE OR CITIZENSHIP in very expensive LEE-jiapore when business/manufacturing hubs are elsewhere on this planet.

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  • uselesstankinl:

    Speaking to European leaders through video conference, Prime Minister Lee Hsien Loong promised the European Commission that he will ensure the vaccines, once available for manufacturing in Singapore, will not be given to Singaporeans first: “Singapore will work with various parties to develop vaccines and distribute them fairly and quickly to people worldwide… It is important to have vaccine multilateralism…

    =======
    We are for you says who ???

    You die your business….pap

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  • uselesstankinl:

    When contacted for enquiry over Deputy Prime Minister Heng Swee Keat not wearing a face mask when speaking to the media on Friday (Jun 26), the Elections Department refused to comment on the incident. Minister S Iswaran also took down his mask to canvass for votes (photo below): Other political parties are however expected to play by the mask rule,…

    ======

    Losers cannot choose who should wear

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  • uselesstankinl:

    When queried by the public why PAP flags are now set up all over the country, the Elections Department responded saying these flags are none of their concern as they fall under “other legislations”: “As the period of campaigning by political parties for the July 10 General Election (GE) has not started, the rules relating to the display of posters..

    =======

    Please lah servants cannot choose how master play

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  • trublu:

    CC$ & H$K,what a bozo duo!

    One can $ing,the other can $pend?
    Very dangerous!

    Anyway,new candidates dont look dependable.
    Might as well sgs who intend to vote for newbies from PAP GRC like AMK,VOTE FOR PSP OR SDP!

    SON OF PUNGGOL GOT SWITCHED?
    JLN BESAR LED BY MILKMAID JO.
    CAN SGS VOTE OPPO INSTEAD OF DORM-MILKMAID JO?

    CHAN CAN SING,STAND SMC N IF YOU WIN,I BUY YOUR *SONG*?

    LOOKING AT PAP CANDIDATES,THE OPPO COULD BE ABLE TO GARNER MORE SEATS IF THEY HAVE FORMED AN ALLIANCE.

    Well,you will reap what you sow.
    Oppo has had a choice but they throw it away.
    Now they have tofight as individual parties.
    The fight is more sidficult than if they have UNITED?

    Anyways,best of everything!

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  • Minimize risk-vote opposition:

    Straits Times: “GE2020: PAP has confidence in its candidate selection process, will look into Ivan Lim case after election, says PM Lee Hsien Loong”

    Ivan Lim was a PAP Candidate who went through the selection process. If LHL has confidence in this process and it is “thorough and robust”, as claimed by Lawrence Wong, then PAP would have known right away if the criticism against Ivan was valid. If it was not, then PAP should have supported him and allowed him to remain a candidate. If PAP knew of Ivan’s “bad behavior but, nonetheless, chose him to run then there must be other more relevant positive factors which justified allowing him to become a candidate. If PAP was not aware of Ivan’s “bad behavior” then PAP’s selection process is seriously flawed.

    How many more “Ivan Lims” are there in the PAP lineup of candidates? Voters can minimize this risk by putting a SIGNFICANT number of Opposition MPs in Parliament. VTO.

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  • simple, just vto:

    THE TRUTH WILL SET US FREE.
    VOTE FOR BADLY NEEDED CHANGE IN OUR SG..

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  • Strong mandate=poor people:

    People have been conned that a strong mandate is good for us. No.

    A strong mandate is good for the PAP to help themselves to undisclosed millions and forget about the people.

    Out of $23,225 distributed per person (even counting babies and kiddies), the people get $600 each (babies get $0). Who is keeping the remaining $100 billions?

    People have been conned. A strong mandate for the people is to make PAP a minority government. Then, they will work hard to make people’s lives better.

    People, time to give a strong mandate to ourselves. Make PAP a minority government.

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  • Hu Chian:

    Quote,
    “As America struggles with high unemployment and record inequality, everyone is offering competing solutions to the problem.

    In this war of words (and classes), one thing has been repeated so often that many people now regard it as fact.

    “Rich people create the jobs.”

    Specifically, by starting and directing America’s companies, entrepreneurs and rich investors create the jobs that sustain everyone else.

    This statement is usually invoked to justify cutting taxes on entrepreneurs and investors. If only we reduce those taxes and regulations, the story goes, entrepreneurs and investors can be incented to build more companies and create more jobs.

    This argument ignores the fact that taxes on entrepreneurs and investors are already historically low, even after this year’s modest increases. And it ignores the assertions of many investors and entrepreneurs (like me) that they would work just as hard to build companies even if taxes were higher.

    But, more importantly, this argument perpetuates a myth that some well-off Americans use to justify today’s record inequality — the idea that rich people create the jobs.”

    Site,
    Rich People Actually Don’t Create The Jobs – Business Insider
    https://www.businessinsider.com/rich-people-create-jobs-2013-11/?IR=T
    https://www.youtube.com/watch?v=CKCvf8E7V1g

    “How the Media Frames Political Issues” by Scott London
    https://www.scott.london/reports/frames.html
    https://bullshitpolitician.wordpress.com/2014/04/21/pap-and-the-art-of-name-calling/

    Of Two Minds – Truth Is What We Hide, Cover Stories Are What We…
    https://www.oftwominds.com/blogjune20/truth-cover-stories6-20.html
    https://www.oftwominds.com/blogmay18/know-sources5-18.html

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  • Tremendous:

    You know why ? It’s because they see too many idiots in the public and civil service like themselves, cannot take the country forward. So they think foreigners must be better. Whether they are rejects, criminals, people with dubious records in their countries, they don’t care.

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  • ganeshsk:

    Both are fumbling jokers No point talking to them

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  • Baa baa tax sheep:

    The antics of Chinese Chamber of Chan and Taxit Heng together are a farcical exhibition of the existential vainglory of the Emperor Dowager from whom all things crony come.

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  • Hu Chian:

    Quote,
    ” The last shred of power the elites hold is the belief of the masses that the elites are still in control.

    I understand the natural desire to believe somebody’s in charge: whether it’s the Deep State, the Chinese Communist Party, the Kremlin or Agenda 21 globalists, we’re primed to believe somebody somewhere is controlling events or pursuing agendas that drive global responses to events.

    I submit whatever control we discern is illusory, as the dynamics unleashed by the pandemic have already escaped the control of elites. The fundamental reason the elites have lost control is that all the systems they depend on have been broken for 12 years, but were successfully papered over by doing more of what broke them in the first place. This papering over of broken systems generated an illusion of functionality: everything appeared to function as before even as dysfunction spread into every corner of every system.

    As doing more of what broke the systems in the first place is failing, the illusion of functionality has been shredded. Now that the illusion of functionality has been lost, control of the narrative via institutional authority has also been lost.
    ………………………………….

    All the papering-over tricks no longer work. Lowering interest rates to zero isn’t going to increase consumption or investment, it’s only pushing speculative frenzy to new increasingly fragile highs. Printing trillions and sluicing it to the super-wealthy isn’t going to fix what’s broken because that mechanism is what broke the system in the first place.

    The last shred of power the elites hold is the belief of the masses that the elites are still in control. That belief is dissipating, despite the shrieks and cries of the elites that they are still in control. Events are illuminating their hubris and the fractals of incompetence that are crumbling beneath their feet.”

    Site,
    The Illusion of Control: What If Nobody’s … – oftwominds.com
    https://www.oftwominds.com/blogjune20/in-charge6-20.html
    https://www.oftwominds.com/blogapr20/brittle-rackets4-20.html

    Neoliberalism: Political Success, Economic Failure – The …
    https://prospect.org/economy/neoliberalism-political-success-economic-failure/
    https://tbsnews.net/analysis/anatomy-crony-capitalism
    https://www.youtube.com/watch?v=th3KE_H27bs

    The Pandemic Isn’t Ending, It’s Just The Beginning Of …
    https://www.zerohedge.com/health/pandemic-isnt-ending-its-just-beginning-global-disorder-depression
    https://bullshitpolitician.wordpress.com/2013/08/26/dont-fall-for-the-perpetual-reciprocation-trap-by-the-pap/

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  • Shoving Down our Throat:

    Do Not Forget—Indian was shove down our throats as President;
    Neither Elected, nor Malay.
    We now have a say
    ”Govt prepared to pay political price over changes to Elected Presidency: Chan Chun Sing”..08 Sep 2017 CNA
    Only once in 5 years!
    Maybe the last chance; at the speed they change the Constitution, like changing Toilet Paper, your GE vote may disappear too.
    Indranee says no need oppo, because of NCMPs.
    That is how stupid she think Singaporeans are!
    Maybe should scrap GE –appoint 5 TinPot type as oppo, flower vases in Parly.
    In fact because of $16K and pensions, all papigs MPs have become very expensive Flower Vases in Parly.

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  • opposition dude:

    You want less nonsense from PAP’s cock talkers then please do your bit and vote them out on 10 July. Once PAP sees that their useless 4G are out then will they get the message. If it’s going to be the same old shit with no minister losing his obscenely paid job then PAP will just continue making our lives harder while lying that they are making our lives better. This won’t change one bit at all.

    And anyway, why the hell do we need over 80 PAP monkeys, donkeys and turkeys in parliament for? Singapore so big need so many parliament seats meh?

    Give it to them good on 10 July fellow Singaporeans!

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  • trublu:

    H$K,you took $100 BILLION as if it was your father’s money n $QUANDER AWAY ONTO NON-sgs whom you also hand the decent jobs you took away from us,is that right?

    In the name of SAVING JOBS?
    WHOSE JOBS ARE YOU N YOUR DAFT BOSS TRYING TO SAVE?
    OUR JOBS?
    TOILET CLEANERS,TAXI UNCLES,GRAB FOOD DELIVER BOYS(OLD BOYS)?

    And,you think sgs whom you made jobless n poor just need $700 to survive?
    You took away our CPF N SQUEEZE US VIA GST N WHATNOTS?

    I tell you,you need to tell your daft boss off!
    If it is your own idea,you shud step down.

    Your policies like FT,GST N THE WAY YOU DISTEIBUTE THE $100 BILLION ARE ALL REGRESSIVE N PENALISE POOR N JOBLESS SGS.

    YOU ARE DROM ECONOMICS BACKGROUND N YOU WERE MAS MD,SHAME ON YOU!

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  • trublu:

    Lee HL says *WE WILL FIGHT FOR EVERY SEAT…*
    FIGHT?
    PH COME ON, YOU ARE GENERAL TRYING TO USE CANON TO BOMB DEFENCELESS soldiers?

    Fight like gentlemen.
    Remove GRC,POFMA FIRST!

    IF NOT,DONT TALK COCK!

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  • trublu:

    Hope Bkt Batok sgs open their eyes to see.
    Open their minds to think.
    Open their hearts to feel TRUTH.

    VOTE FOR DR CHEE instead of elitist!

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  • We must vote more rubberstamps:

    人性也:
    不见棺材不流泪。

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  • NotMyProblem:

    That’s up to the Singaporeans themselves to decide if they are better than foreigners.

    If Singaporeans think we are better, then show PAP that we don’t need foreigners.

    7 out of 10 Singapore adults are with degree of all type from all over the world, better than Malaysia by proportion. Malaysian graduates seem to be able to think and sense problem in the country.

    Singapore graduates must show they are better by voting wisely this coming GE.

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  • trublu:

    I will be truthful n that frank.
    I am abstaining from voting as AJ is useless with the current batch of WP except SYLVIA.

    I dont quite appreciate PRITAM SINGH’S ARROGANCE N PARTAKING IN POFMA CON-MITTEE to give credence to the FAKE committee.

    If THERE WAS AN OPPO ALLIANCE,ir will be different story,i will support all the way!

    I feel let down by WP b enough chances given
    Sad DR TCB OR SDP not coming here.

    I feel its a WASTE TO OPPOSITION.
    I predict WP to lose this GRC.
    Condemn me if you wish but this us how i think n feel.

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  • PAP: don't rely on PAP:

    PAP told residents to depend on 12 NCMP to voice their concerns.

    It is confirmed that PAP MPs are all united under their leaders.

    Residents, you die your business.

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  • "Sue until pants drop":

    Straits Times: GE2020: PAP has confidence in its candidate selection process, will look into Ivan Lim case after election, says PM Lee Hsien Loong

    The “investigation” on the Ivan Lim saga after the elections announced by PM Lee above and also by Tharman will NOT likely conclude that PAP made a mistake picking Ivan. PM Lee already said he has confidence in the election process. Lawrence Wong said the process is “thorough and robust”. I will not be surprised if character witnesses comes out supporting Ivan Lim. If the “investigation” “clears” Ivan and PAP, can they sue for defamation. Another PAP candidate Shaun Huang is also under fire. PAP needs to promptly needs to stop this from “snowballing”. Investigation followed by threat of lawsuit should do the trick – “sue till pants drop”. Davinder may be very busy after the elections.

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  • trublu:

    WEST COAST SINGAPOREANS,PLS VOTE FOR DR TAN CHENG BOCK!
    Discern carefully.
    Do you want A BETTER FUTURE?
    Do you want REAL MPs who serve you or FAKE MPs who want you to serve THEM?

    VOTE FOR REFORMation at AMK!
    AMK sgs,do give your votes to KJ N TEAM.
    THEY ARE BRAVING DANGERS TO STAND UP FOR YOU.

    VOTE FOR DR CHEE at BKT BATOK.
    SGS THETE,DR CHEE IS WORTH YOUR VOTES.
    HE IS COURAGEOUS N A VOICE FOR VOICELESS sgs.

    Vote for A Better Future,vote ALTERNATIVE VOICES!

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  • Respect Singaporean:

    Need to give more respect to Singaporean…
    Our older PMETs can be more than Grab drivers…
    Give our local the chance to prove themselves with a decent job.
    Have more respect for our local talent..they are not inferior tp FT…
    What make the Ministers think they are the real deal ?
    Why don’t they ask FT to replace them ??

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  • limpei:

    They only speak the truth during closed-door meeting, Remember the leaked audio with businessmen? How to gain trust from the people like that?

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  • True Blue Banana:

    As you wish, condemn: you are a blue banana.

    Pretend to be true blue, inside it’s white.

    trublu:
    I will be truthful n that frank.
    I am abstaining from voting as AJ is useless with the current batch of WP except SYLVIA.

    I dont quite appreciate PRITAM SINGH’S ARROGANCE N PARTAKING IN POFMA CON-MITTEE to give credence to the FAKE committee.

    If THERE WAS AN OPPO ALLIANCE,ir will be different story,i will support all the way!

    I feel let down by WP b enough chances given
    Sad DR TCB OR SDP not coming here.

    I feel its a WASTE TO OPPOSITION.
    I predict WP to lose this GRC.
    Condemn me if you wish but this us how i think n feel.

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  • omg trublu dun be an idiot:

    Dear @trublu,

    Why you trying to keep the status quo of super majority for the PAP? So what if PSP, LSY, SDP PV gets in? Did you fill one third? Of course not! The yes men and women of PAP will still deny them anyway and laugh for the next 5 years. How can you present yourself as an agent of change when you doing the exact opposite?

    Please be sensible, or better yet, just privatize your thoughts and restrict your harm.

    Isn’t it obvious that the first step is to build an actual political environment that an opposition is allowed to OPPOSED more freely (and not always be pummeled by the PAP day in day out for phrases like test balloons when we already know it is the truth).

    And for the POFMA committee, you think he can say he don’t want? Did you even consider that PAP may have deliberately place Pritram in that committee to cultivate the very perception that you are holding now, and hence the PAP is successfully maintaining their super majority? Did you consider what is the playing field the OPPOs are playing in right now? Or are you just an armchair critic?

    Please keep your eye on the bigger prize, and not magnify your petty grievances. Your grouches are ONLY VALID after the OPPOS has denied the PAP majority for a decade and exist in a totally different political landscape. What is a decade to the OPPOs when the whites has half a century?

    What say you @Trublu? Do you concur?

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  • trublu:

    Everyone here is entitled to his/her opinion n sentiments.
    I stick to what i say.
    I will call a spade,a spade,nothing less,nothing more.

    I only wish PSP OR SDP to stand in AJ if there is no Alliance.
    WP has got enough chances to do what they ought to.

    I have stood by them for a long time.
    Enough time given.

    You can disagree what you like.
    But i am not voting WP nor PAP.
    I give up on them.

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  • trublu:

    I shall never forget WP agree to sit on POFMA CON-mittee but REFUSE TO ATTEND PROPOSED OPPO ALLIANCE MEETING WHICH TOOK PLACE during the same time?

    In fact,i expect WP to take lead to unite oppo.

    But reverse is true.
    So?

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  • uselesstankinl:

    Former army general Minister Ng Chee Meng today warned his constituents at Sengkang GRC that the constituency will get 2 new community centres and a multi-million aquatic playground, only if they voted for him and the ruling party PAP. The four PAP candidates – Ng Chee Meng, Lam Pin Min, Amrin Amin and Raymond Lye – showed up their faces…

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  • uselesstankinl:

    Former army general Minister Ng Chee Meng today warned his constituents at Sengkang GRC that the constituency will get 2 new community centres and a multi-million aquatic playground, only if they voted for him and the ruling party PAP. The four PAP candidates – Ng Chee Meng, Lam Pin Min, Amrin Amin and Raymond Lye – showed up their faces…

    @@@

    aiyo yo,

    warn again

    lio lo

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  • PAP Dissolved Into Thin Air:

    They will listen but have already made up their minds. Like GST increas. So expect a slew of price increase once they are voted in.

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  • Hu Chian:

    Quote,
    “Ours is a Wile E. Coyote economy, and now we’re hanging in mid-air, realizing there is nothing solid beneath our feet.

    The story we’re told about how our “capitalist” economy works is outdated. The story goes like this: companies produce goods and services for a competitive marketplace and earn a profit from this production. These profits are income streams for investors, who buy companies’ stocks based on these profits. As profits rise, so do stock valuations.
    ………………………………….

    The fairy tale is that Apple is in the business of making mobile phones and providing services to this customer base.

    According to the fairy tale, Apple’s rise in value from $400 billion to $1.4 trillion is based on higher operating earnings, i.e. profits. But if we look at Apple’s operating earnings (see chart below), we see that they’ve been flat for years. So why is Apple worth $1 trillion more than it was a few years ago if profits haven’t risen, much less tripled?

    The answer is financial engineering: Apple sells bonds that pay a paltry rate of return and then uses the proceeds from this debt (and most of its actual profits) to buy back its own shares–an astounding $338 billion over the past 7 years.

    But look at the return on this legalized fraud: $338 billion added $1 trillion in “value” which can be sold by insiders to greater fools who believe the fairy tale.

    All the “wealth” created by financial engineering / legalized fraud is fictitious, i.e. phantom. It’s based on leveraging debt and trickery, not on profits earned from producing goods and services. Virtually every “success” in America is not from producing goods and services; it’s based on leveraging debt, stock buybacks, asset bubbles, marketing (Facebook and Google) or skimming the thin layer of cream off the global supply chain (Walmart and Amazon).”

    Site,
    Our Wile E. Coyote Economy: Nothing But Financial Engineering
    https://www.oftwominds.com/blogjune20/financial-engineering6-20.html
    https://gnseconomics.com/2020/01/10/the-end-of-the-chinese-miracle/

    Gangster State Capitalism
    https://www.globalresearch.ca/gangster-state-capitalism/5715241
    https://www.zerohedge.com/political/open-borders-are-trillion-dollar-mistake

    Neoliberalism: Political Success, Economic Failure – The …
    https://prospect.org/economy/neoliberalism-political-success-economic-failure/
    https://wolfstreet.com/2019/06/10/the-countries-with-the-biggest-corporate-debt-pileups-us-fizzles-in-24th-place-canada-shines-in-11th-place/

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  • Hu Chian:

    Quote,
    “This was a well-researched film that clearly explained the complexities of the crisis and the greed of bankers. It laid the blame squarely where it belongs – at the feet of bankers, of ratings agencies, of regulators – and it interviewed a lot of heavyweight people, such as Dominique Strauss-Kahn, Eliot Spitzer, Raghuram Rajan and Glenn Hubbard.”

    Site,
    Inside Job (2010 film) – Wikipedia
    https://en.wikipedia.org/wiki/Inside_Job_(2010_film)
    https://www.youtube.com/watch?v=Dzs3Xwnf9Pw
    https://www.theguardian.com/film/2011/feb/17/inside-job-financial-crisis-bankers-verdicts

    Is Population Growth a Ponzi Scheme? – The Globalist
    https://www.theglobalist.com/is-population-growth-a-ponzi-scheme/
    https://www.forbes.com/sites/jeffmcmahon/2019/04/05/the-world-economy-is-a-pyramid-scheme-steven-chu-says/#122027d54f17

    I came, I saw, I solved it.. STUPIDEST GOVT OF ALL TIME
    https://i-came-i-saw-i-solved-it.blogspot.com/search/label/Stupidest%20govt%20of%20all%20time
    https://www.wakingtimes.com/2019/11/01/rising-up-against-the-oligarchs-does-not-equal-socialism/

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  • Hu Chian:

    Quote,
    “After the financial crisis of 2007–2008, as investment firms in the United States look for ways to improve clients’ investment performance while earning money for themselves, they chance upon the idea of selling opportunities to unsuspecting Americans who want to get rich by participating in the “China growth story” but do not know much about the country or its companies.[7] They do so by getting small nondescript Chinese companies (like Orient Paper and Advanced Battery Technologies (ABAT) to do reverse mergers with defunct American companies (like Buffalo Mining) and thus get listed in the NYSE overnight.[8] The hype that accompanies this is aided by paid guest appearances by the likes of Bill Clinton and Henry Kissinger at so called “investment conferences” organized by B level investment firms (Roth Capital is one such firm featured in the documentary), thus adding a garb respectability and reliability.[9] The stocks of these companies see spikes, investment firms goad their investors into buying them, siphoning off brokerages on the way. When the prices of these stocks crash to their real value, unsuspecting savers are left holding large amounts of worthless stock in their 401-Ks.[10]”

    Site,
    The China Hustle presentation, Dan David, GeoInvesting, Kase Learning Shorting Conf., 12/3/18
    https://en.wikipedia.org/wiki/The_China_Hustle
    https://www.youtube.com/watch?v=kVMZmZAJZ9A&list=PLr7WDaFKMG9VT3dLsg8HLabllc5h0i-I0
    https://www.youtube.com/watch?v=v2Hu6fHq7ZM

    The China Hustle
    https://www.rogerebert.com/reviews/the-china-hustle-2018
    https://www.taiwannews.com.tw/en/news/3773424

    China’s Companies Have Unseen Foreign Debt That’s Maturing Fast
    https://www.bloomberg.com/news/articles/2019-08-25/china-s-companies-have-unseen-foreign-debt-that-s-maturing-fast
    https://www.zerohedge.com/news/2017-06-02/pledged-assets-are-not-there-reuters-goes-china-discovers-ghost-collateral

    Cover Story: The Mystery of $2 Billion of Loans… – Caixin Global
    https://www.caixinglobal.com/2020-06-29/cover-story-the-mystery-of-2-billion-of-loans-backed-by-fake-gold-101572911.html
    https://www.zerohedge.com/news/2012-09-23/gold-counterfeiting-goes-viral-10-tungsten-filled-gold-bars-are-discovered-manhattan

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  • Hu Chian:

    Quote,
    “DONGGUAN, China — China’s consumers and businesses are losing confidence. Car sales have plunged. The housing market is stumbling. Some factories are letting workers off for the big Lunar New Year holiday two months early.

    China’s economy has slowed sharply in recent months, presenting perhaps the biggest challenge to its top leader, Xi Jinping, in his six years of rule. At home, he faces difficult choices that could rekindle growth but add to the country’s long-term problems, like its heavy debt. On the world stage, he has been forced to make concessions to the United States as President Trump’s trade war intensifies.
    ……………………………..

    But China’s options for juicing the economy aren’t as effective as they used to be.

    A small but notable rise in defaults in China has made some lenders nervous. Rules adopted since the financial crisis make China’s bank managers responsible for life for loans that aren’t repaid, and that has them more leery of extending financing to keep troubled businesses afloat. Government-led spending adds to the huge debt pile, making that long-term drag on growth even worse.

    On paper as always, the Chinese economy looks fine. Official data shows it grew 6.5 percent in the three months that ended in September, compared with a year earlier.

    But beneath the surface, a sharp slowdown is building. Foreign investment plunged last month. Auto sales over the past three months have fallen by record percentages. Floor space completed, one gauge of the housing market’s health, has slumped this year. Sentiment among Chinese purchasing managers has soured.”

    Site,
    China’s Economy Slows Sharply, in Challenge for Xi Jinping …
    https://www.nytimes.com/2018/12/14/business/china-economy-xi-jinping.html
    https://www.nytimes.com/2019/02/06/world/asia/china-workers-protests.html
    http://theeconomiccollapseblog.com/archives/americans-have-already-skipped-payments-on-more-than-100-million-loans-and-job-losses-continue-to-escalate

    Chinese Companies Say They Can’t Afford to Pay Workers Now …
    https://www.bloomberg.com/news/articles/2020-02-19/chinese-companies-say-they-can-t-afford-to-pay-workers-right-now
    https://www.rfa.org/english/news/laos/garment-workers-04142020090552.html
    https://cne.wtf/2019/12/14/sihanoukvilles-upaid-chinese-workers/

    How the PAP Will Not Care For You: The Truth Dissected For You
    https://thehearttruths.com/2014/03/12/how-the-pap-will-not-care-for-you-the-truth-dissected-for-you/
    https://johnharding.com/2009/02/singapore-taken-over-by-the-us-for-bailout-money/

    China’s Monumental Ponzi: Here’s How It Unravels – David …
    http://davidstockmanscontracorner.com/chinas-monumental-ponzi-heres-how-it-unravels/
    https://gnseconomics.com/2020/01/10/the-end-of-the-chinese-miracle/

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  • Clinic FT:

    Why our hospital and many private clinics still employ FW to do non clinical work such as receptionist ,patient service associate etc which can be easily done by local.Should employed more of our local senior even if our young one do not job.
    More so in time like now,MOM should not renewed their Work Passes so as to create more jobs for our local.

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  • Good Strategy:

    Election is won on good strategy
    Good for Opposition Leaders to stand in SMC…better chance.
    Good for DPM Heng to go to East Coast GRC…better chance to retain the ward…
    Hope this election will be good for Singapore Future….and their lives improved in a increasing difficult and dangerous World ahead…
    Singapore need a Best team to bring it forward…..

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