Oh Dear My Learmed frens,
kindly use your brains and do some Google search before u talk
.
CIA HAS NOT USED spy in Istana to get the data. CIA also rely on
SG PAP
official data!
FACTS--
1. SG has no external debts,ie debts in foreign currency.
2. SG do not borrow $$ for spending.
Unlike other countries, from London to Washington to
Afracia,
SG dunt borrow $$ to spend. Pl read carefully, Not BORROW for
spending,
as Uncle Sam do.
As the Singapore Government
does not need to finance its expenditures through the issuance of
government bonds, SGS issuance is aimed primarily at developing
Singapore's capital markets.
http://www.sgs.gov.sg/macro_overview/sgs_issuance.html
One of the big debtors of SG govt is CPF!
why?
“Monies in CPF accounts are shielded from the risks and
volatility in capital markets. They are invested only in risk-free
Special Singapore Government Securities yielding up to 5% and
guaranteed by the Singapore Government. As of December last year,
CPF members’ balances stood at S$151.3 billion, an increase of
S$14.7 billion from the S$136.6 billion in December 2007,” Guan
says.
http://www.theasset.com/article/17503.html
@@@@@@@@@@
again, i am not asking u love PAP or LKY or LHL.Before u hate
them,
pl do some home work. Dunt make yourself a fool.
U guy English is much better than me. U should read better than
me to get
the truths. vvvv
Ya GE is coming .This is the time to come back to SG and bad
mouth PAP.
Again, the learned voters know and need to know the whole
truths.
Be smart. Read more before u talk.Thanks.
