Is SInKapore bankrupted, greatest con job of the century?

charlize SG

No country can go wrong with million dollar salaried ministers.

Really.

sgdiehard SG

Are we going to die?!?!?!

yes, just when?

angel7030 SG

Are we going to die?!?!?!

sure, dun tell me you live forever, even Angel also has to die

βέτά SG

No country can go wrong with million dollar salaried ministers.

Really.

Just like nothing can go wrong with LTCM with Nobel laureates running the show.

βέτά SG

Murphy's Law.

Finagle's Law.

gUms SG

The thing that scares me about Singapore goverment is their Friendlyness with the Americans...

angel7030 SG

what to do, their 7th fleet is just around the pacific

sgdiehard SG

what to do, their 7th fleet is just around the pacific

hmmm... the 7th fleet will take about 3 days to reach us, vietnam got about 700,000 soldiers just around 2 hrs by air from us, go a bit further up north, the chinese has about 2 million soldiers there, you scared or not?

charlize SG

They are already here.

ulquiorra87 SG

I meant figuratively die kind of die not die - (x.x) kind of die guys -_-

angel7030 SG

Me scared??? no lah, I was facing war in the strait of taiwan where with my bino, i saw the red army waving at me like ten years never see a gal, what scare are you talking about. I am just hoping the 7th fleet can come around again, so that my pubs business can have some bonuses from those Marines

Asromanista2001 SG

The thing that scares me about Singapore goverment is their Friendlyness with the Americans...

you still don't know why ah ?

becoz the jews are controlling US and us...............

Asromanista2001 SG

alamak..........if you keep screwing those AngMohs................you'll have to masturbate with a cucumber in future............

angel7030 SG

alamak..........if you keep screwing those AngMohs................you'll have to masturbate with a cucumber in future............

there is a medical surgery to cure it, you dunno meh, so dun think u are having virgin hor

enghou SG

maybe already bankrupted ! just look at the huge amount of money the government lost on overseas investments

nobody has a clear idea of whether Temasek is making money on the overseas investments because the account is not audited , everything is covered up like a black box

the worry, is that they lose too much, by the time we retire, we may not have enough money left in our CPF to cover our old age living

Make love more, don't make more enemies

Asromanista2001 SG

they already not enough funds to cover CPF long long long ago............

that's why new flats keep going up...............to deplete your CPF funds at one go...............and transfer the burden to the private market............

and they keep raising retirement age to defer payments to the old people.................

the game is almost up................don't tell me they raise retirement age to 100 years-old...............

or new flats cost 500000 bucks..........

Chunhow SG

To put TS original post in perspective:

This is the note accompanying Singapore's debt figures at the CIA World Fact-book, which is the source of information for the wikipedia page TS quoted, but TS might have missed it. "note: for Singapore, public debt consists largely of Singapore Government Securities (SGS) issued to assist the Central Provident Fund (CPF), which administers Singapore's defined contribution pension fund; special issues of SGS are held by the CPF, and are non-tradeable; the government has not borrowed to finance deficit expenditures for more than 20 years"

Asromanista2001 SG

what PAP did was simply using CPF as an excuse..............

they spend so much on fat salaries on so many high-ranking people in the civil service and SAF...............

so there's virtually no money left for CPF.................hence the borrowings...........

they using CPF shortfalls as excuse to cover up budget deficits only....................

Devil7030 SG

So, u mean all the CPF monies are gone lah ie every month all the workers' CPF conributions go to CPF Board and then the government borrows from the CPF Board to spend ?

You must have won the best detective prize in the world for the year 2010 leh.

Wake up, wake up, it is already past 9 am, wake up and you go to work and earn money to contribute to CPF board at the end of the month.

charlize SG

That's why we need more people to become citizens to contribute to CPF.

Really.

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