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Don’t Be Fooled By The PAP’s Arguments On Inflation

For the last several months, Singaporeans have had to endure an orgy of price increases. Much of it was related to the absurd GST hike. But that was not all.

Electricity, transport,property taxes, S&CC charges and imminent water price increase have all been hiked by the PAP.Does anyone seriously think that all these price increases do not contribute to the rising cost of your Bak Chor Mee or Kopi?

The PAP will like you to believe that inflation is a world wide problem and not Singapore specific and that it is not tied to their policies. You would be foolish to believe in such utter rubbish!

It is domestic policies which have the greatest effect on inflation as the renown British economist Stephen King( below ), the former Chief Economist of HSBC, explained in an enlightening passage, which I reproduce below:-

“This, however, was only one part of the story. Why, for example, had inflation returned in Japan when deflation threatened in China? Why had Spanish inflation dropped like a stone when UK inflation was stubbornly high?

The answer was related not so much to external shocks- which by their nature, are common to most countries-but rather to differences in domestic policies.”

So please, don’t be deceived by the argument that the high inflation has been imported as a result of external events beyond the control of the PAP government!

 

Lim Tean

 

 

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READER COMMENTS BELOW

18 Responses to “Don’t Be Fooled By The PAP’s Arguments On Inflation”

  • Gov poor:

    猪肉价格在食品价格中占有较高比重。统计数据显示,2023年全年,猪肉价格同比下降13.6%,其中12月份同比下降26.1%,是带动当月CPI同比下降的主要因素。

    中国农业科学院北京畜牧兽医研究所研究员朱增勇表示,受2023年四季度生猪存栏仍处于较高水平影响,生猪出栏量短期内或将仍处于高位,叠加春节后消费季节性下降,预计2024年上半年尤其是一季度猪价还将面临一波震荡探底期。

    Pork price drop 26% in China. Why nobody, gov or private, go get the cheap pork in China? Has some supplier locked in big profits?

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  • Money Launderers-Wonky Econs:

    Allowing money launderers and tax evaders to bring in their moolahs certainly is one major cause.
    Fujian Gangs and other uncaught gangs are having a nice time in this sun-soaked and dirty-money soaked little Red Dot.
    If you soaked up dirty money from all over the world—you have ‘too much money chasing too few goods; economics 101.
    Pinkie probably failed econs 101 at A levels.
    ”Singapore’s open door to billionaires shuts out logic
    Brigadier general calls the shots but his top brass will struggle with his wonky economics”
    ..https://www.scmp.com/business/article/1278264/singapores-open-door-billionaires-shuts-out-logic

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  • COL:

    High COL caused by external factor and local policy.
    Crazy to keep price going up…bubble will burst in a matter of time and many will suffer.

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  • Ignorant:

    That writer does not understand Sg. With a few more billionaires with incomes of $100 million, the ministers will see an astronomical rise in their already astronomical pay. Isn’t this clear logic?

    Money Launderers-Wonky Econs:
    ..https://www.scmp.com/business/article/1278264/singapores-open-door-billionaires-shuts-out-logic

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  • well said:

    let PAP voters enjoy their orgy – just another genre of porn

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  • Harder Truths:

    $tupid $heeple fully support this rise in prices. Ask them. They will tell you they have no choice. Because they have no balls.

    Sooner than later they will have no jobs, no flat and no food. But that is still okay for them. They can live rent-free on Sentosa Beach and watch Prelier League football for free at Town Centers. What more can they ask for?

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  • rice:

    Imported inflation?
    Looks more like IMPARTED inflation.
    The gahmen ADD FUEL to real inflation by INFLATING it via extraneous collections such as levies,surchrges,COE and whatbot$.

    Dont blame supply chain ,blame GREED.
    GREED FACTOR CONTRIBUTES A HUGE PART TO E$CALATING “REAL” inflation here in $in City.

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  • Food safe in Sinkiland:

    You would have to figure in the fact that not too long ago, swine flu had caused the mainland pig farmers to lose big and pork price to skyrocketed.

    Sinkiland ghamen is being cautious and accountable in importing food for sinkies. If pork imported from China is tested positive with swine flu, the OPPOs will he he he he…..all the time lor!

    Gov poor:
    猪肉价格在食品价格中占有较高比重。统计数据显示,2023年全年,猪肉价格同比下降13.6%,其中12月份同比下降26.1%,是带动当月CPI同比下降的主要因素。

    中国农业科学院北京畜牧兽医研究所研究员朱增勇表示,受2023年四季度生猪存栏仍处于较高水平影响,生猪出栏量短期内或将仍处于高位,叠加春节后消费季节性下降,预计2024年上半年尤其是一季度猪价还将面临一波震荡探底期。

    Pork price drop 26% in China. Why nobody, gov or private, go get the cheap pork in China? Has some supplier locked in big profits?

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  • Not be selfish!:

    Singapore imports everything they need.

    Many things we need are imported from Europe

    Red Sea is no longer safe and longer routes via the cape of good hope has to be adopted. This will not make Singapore more susceptible to imported inflation?

    If anyone has good ideas in overcoming the problem, please do not be selfish but contribute to the nation for common good.

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  • Sovereign Fund Kosong:

    Yes this is their so called School of hard knocks.

    They will screw us even harder to simulate us to over come painful challenges.

    Then they will say we will ” Emerge Stronger “.

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  • Gov poor:

    No need to side the gov so much lah. You got paid, is it?

    See this case here.
    Singapore: The first cases of ASF was confirmed in February 2023 in wild boar carcasses found in forested areas and nature parks [reference1, reference2]. In April, ASF was detected at a slaughterhouse in carcasses of live pigs imported from Bulan Island, Indonesia.

    Swine flu is now locally produced. According to you, “oppos will he he he …

    Food safe in Sinkiland: You would have to figure in the fact that not too long ago, swine flu had caused the mainland pig farmers to lose big and pork price to skyrocketed.

    Sinkiland ghamen is being cautious and accountable in importing food for sinkies. If pork imported from China is tested positive with swine flu, the OPPOs will he he he he…..all the time lor!

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  • SINGAROAR:

    If property prices are raised by bringing in high wealth individuals, the costs will spiral upwards in rental costs and spread to all other sectors. Our inflation is due to the govt.’s greed and refusal to tax the 20% for wealth taxes. The costs is passed to us in the 80% living in Public Housing.

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  • Light The Way:

    Even the incumbent party’s lies to the public are inflated.

    Uniquely Singapore.

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  • opposition dude:

    PAP will always use something else to explain stuff but never ever admit that they are the ones causing the problem. To them, no such thing exists, they just are here to “look after” Singaporeans.

    It will be an interesting election when it’s called. All these high makan prices islandwide wah lau eh makan lunch daily outside no joke man. Let’s see how much more Singaporeans can tahan. Or maybe buay tahan liao just waiting for election to be announced.

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  • Why so expensive!:

    SGD is so strong against our fruits, vegetables, meat producing countries, why is it so expensive at supermarkets?

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  • Laundramat Sinkieland!:

    ”Properties popular with criminals looking to ‘wash’ dirty money”
    ”Prohibition of disposal orders were issued against 105 properties, with a total estimated value of $831 million”
    ”60 real estate agents involved in property sales of assets involved in S$1 billion money laundering case to assist in investigation”
    60 agents involved, one licence taken away.
    At least 105 properties involved —probably much much more
    ….

    SINGAROAR:
    If property prices are raised by bringing in high wealthindividuals, the costs will spiral upwards in rental costs and spread to all other sectors. Our inflation is due to the govt.’s greed and refusal to tax the 20% for wealth taxes. The costs is passed to us in the 80% living in Public Housing.

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  • PAP mandate strong:

    @ Gov poor:

    https://www.google.com/amp/s/www.zaobao.com.sg/news/china/story20240204-1466374%3famp

    “生猪养殖企业福建傲农生物科技集团说,由于猪肉价格疲软而持续亏损,公司可能在几年内退市。其他生产商也不得不通过被收购或出售业务来筹集资金”

    ” 江苏一位经营多家食堂的餐饮业者说,他为大量农民工提供餐饮服务,近来顾客几乎不点红烧肉,只点便宜的蔬菜,“大家赚钱都很难,所以吃肉方面更加节省。”他已停止购买牛、羊等较贵的肉类,也担心再这样下去或不得不关闭食堂。”

    https://finance.sina.cn/stock/ssgs/2024-01-10/detail-inacaaau4036869.d.html

    It is rumour that all the top 10 to 20 生猪养殖企业 own China banks 1万2000亿.

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  • People Poor:

    Singapore gov accepts Ractopamine in Meat. What is ractopamine? Ractopamine is a veterinary drug that is added to animal feed in commercial pig and cattle farms to promote the growth of meat.

    Meanwhile, Taiwan people protest against Ract pigs. China ban it totally.

    We are getting drugged by lax regulations.

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