What's the point of debating with him?
He will twist all your words into something
totally different and claim that you were wrong.
Lets get back to the subject. If you want to play the word games
with eagle, you should do it outside SC.
Not enter and exit any time we wish? Then? Lock in forever? Have
to seek Merrill Lynch's management approval to sell? 
A takeover is different from buying a 10% stake in the company,
for takeovers you need to seek approval from the relevant
authorities.
1) You mean if I have assets in the UK, but I denominate my
assets in US$ instead of GBP. Not possible? Even if I have US$
assets,
I forsee a depreciation in the US$ but not an appreciation
of my investment, I will behave like you and not switch investment
to another country.
Sit there, wait for the US$ to depreciate and watch my
investment go down the drain.
2) If you have investment analyst relying on another investment
analyst's report on the newspaper about the US$, the company will
surely make losses.
Moreover, the likelihood of US$ hitting a low of SG$1.30 to
SG$1.25 by end of the year is not unlikely.
The US dollar might even crash as people lose confidence in
using it as a medium for international trade, people are all
diverting their assets from US$
to Gold and Oil futures and options. That's why you see gold and
oil skyrocketing, if nothing is done to correct the US$ drop, I
won't be surprise if oil hits
a high of US$150 to US$200 per barrel by year end.
3) Having a dirty float and manipulating it is counter
productive. Why? You are directly promoting inflation in Singapore
and speculative attacks from
currency traders like George Soros.
Your explanation is equivalent to, fools rush in
where angels fear to tread.
Whether they have made good overseas investments, you can look
up the historical purchases of overseas companies.
Extremely good examples would be Global Crossing,
Optus, Shin Corp and Suzhou Industrial Project.
The only companies giving good profits are those Singapore
companies who have monopoly power.
I am retiring from explaining issues to you, you can continue
blabbing all you want,
you only have a one track mind, to promote and glorify the P4P
regime, you are
not adhering to logic and common sense. You will continue side
stepping issues
after I have given you an explanation, bring up new topics to
win at all cost.
Maurizio, SWF do not and CANNOT operate like any private
investors in such high profile investment because of political
and strategic reasons. I am not sure if you have been following the
news of recent GIC and Temasek investments. When big
companies like ML, UBS or Citi decided to arrange a marriage deal
by issuing new shares or convertible bonds, they
will have to seek shareholders approval because such
transaction will dilute existing shareholders value and it
could potentially create political implication. Remember this
is SWF we are talking about, not Maurizio Investment Bank.
Like it or not, the US$ is still the biggest trading
currency in the world and there is no currency right now,
not even the EURO, that is in position to replace it, unless
if all oil producing countries decide to stop pricing
their oil in US$.
1) The world central banks are not as stupid as you think,
and please dont assume they they are not aware of the falling US$
and it is in their interest to dump US$ for other
currencies
For example, the central bank of China, which is holding on to
about US$1.3 trillions world of US$ asset, hasnt dump the US$.
Furthermore their YUAN is still significantly under value against
the falling US$.
In the Middle East, most GCC countries currencies are still
peg to the US$ despite the fact that inflation is hitting double
digits and the US$ is falling. And till now, they are still holding
on to their trillions of US$ assets.
What is your opinion on that? (Would appreciate if you
could answer my question)
2) The purpose of highlighting DBS analyst and not
UOB, Citi, or HSBC, is because DBS is a GLC, and that contradict
what you say about MAS and our government is not aware of
the depreciating US$.
You mention US$ hitting 1.25? May I know on what basis are you
making the claim? Or are you simply guessing?
3) The currencies of China, Vietnam, UAE, Saudi Arabia,
Qatar, Oman and Bahrain are all closely pegged to the US$
and the level of inflation they are facing
is probably twice as much as what we have here in Singapore.
What is your explanation on that? They are not pro citizen?
A weaker S$ is a double edge sword, one on hand it
will speed up inflation which will have great implication on
the lower income Singaporeans. However a weaker S$ will
help promote Singapore exports, especially to USA
and countries like China and Middle East, where their
currencies are closely pegged to the dollar.
George Soros attacking Singapore financial system? Are you
making baseless assumption that he has the financial
muscle to do what he was being accused of doing to Malaysia?
We are Singapore you know? Not some developing countries with
screwed up banking system.
Fool or no fool, I am sure forumers here can decide.
