Send this email to everyone you
know:
Dear fellow Singaporean,
The way to stop the relentless rise in Singapore's cost of
living is to stop spending. Now is a good time for it to work.
There is an economic downturn and this is the best time to exercise
Singapore's People Power - stop spending, except for
essentials (and cut down on essentials as
well).
You will benefit from the lower
prices. You
lose out if you buy now and the prices drop
later. When everyone cooperates and stop buying the
prices will come down and those that refuses to cooperate lose out,
buying at higher prices now instead of waiting for lower prices
later.
Save your money.
Hoard it! Don't just complain about the
21% rise in electricity and the erection of more ERP gantries. The
power is in the hands of the people but individuals cannot achieve
much and only the People Power of a massive number of Singaporeans
can do the trick. You will see costs coming down! STOP spending for
two months until the end of the year. Then we see again after
that.
Settle all your
loans and do not take up loans for when
prices fall, the amount of money you have to pay back will buy much
more in the future. What you borrow today, you will have to pay
back much more in terms of goods and services. Don't be enticed by
low interest rates, for the amount you will have to pay back will
be much more in terms of goods and services over and above the
interest rates.
If you worry about affecting employment in the retail sector,
remember that there are many
foreigners here.
Let
the year 2008 be the year that Singaporeans exercise our uniquely
Singapore style people's power, even as the historic elections took
place in the USA.
Thanks for reading and regards,
Your fellow Singaporean
(Please forward this email to as many others as
possible)
Please, really, go learn your fundementals of economics before
you start telling us what to do. This has nothing to do with PAP or
CSJ, if we all do this, believe me, the economy is screwed. Ever
heard of stagflation? What happens if we all stop spending? Firms
lose money, they cut down on production, they retrench more
workers. And believe me prices WILL NOT go down, remember firms
still have to cover their costs of production. Smaller firms will
shut down leaving only the bigger firms to monopolize. And once
they become price setters, prices will go only one way. UP
