include("cmp.php");
Archive for the ‘Economy’ Category
Does Singapore have a surplus of $2.2 billion or a structural surplus of $30 billion?

Does Singapore have a surplus of $2.2 billion or a structural surplus of $30 billion?

Does Singapore have a surplus of $2.2 billion or a structural surplus of $30 billion? It depends on the accounting treatment. This is my opinion. The SG govt adopts two unusual accounting methods. 1. Sale of land, mostly 99 year leases, are not taken as govt revenue. Instead, it disappears as transactions involving “past... 

Chinese RMB as a reserve currency

Chinese RMB as a reserve currency

This is how I see the Chinese RMB becoming a reserve currency: 1. China buys raw materials from other countries and pays in RMB. 2. The exporting country keeps the RMB and use it to pay for products from China. 3. The unused RMB can be kept with the Chinese banking system to earn an attractive interest rate. 4. The RMB can be... 

Is the USD a ponzi scheme?

Is the USD a ponzi scheme?

A ponzi scheme promises a high return, but is not backed by actual earnings. It gives a high return by taking the money from the later investors to pay the earlier investors. The USD now gives a high return. The US government does not collect sufficient taxes to pay the return. Instead, it prints more money and uses it to pay... 



Member Services
Self-SupportMembers LoginSelf-Support
Sponsored Advertisement
Search On TR Emeritus
Sponsored Advertisement
Announcement
Advertisements
Visitors Statistic
Latest Statistic

UA-67043412-1