The World is in a downward economic spiral into
recession.
If the price keep going up, it will hasten the economic crash
that no one will gain.
The "Oil Producing Countries" will be similarly
dragged downwards, and any prolonged economic recession will surely
bite into their communities.
Their oil wealth will only be good as a buffer for the short
term, and the biggest losers will be these "Oil Producing
Countries" that depend almost everything that their oil money can
import into their countries.
They will end up paying higher prices for all the stuff that
they depend from all the industrialised and semi-industrialised
countries.
Meanwhile, PM LHL is waiting for events to spin itself out,
while he sit tight without doing anything until March 2009 - and
will then claim credit for getting Singapore out of the
recession.
During the interim period from now till March 2009 - when the
Budget is announced - he will have collected at least a few hundred
million dollars from the 21% hike in electrical charges alone.
With the loudest voice in the Alternative Parties shut-out, the
remaining two voices can only whimper.
*sigh* Singaporeans must stop spending and hoard
their money when it is obvious that the world economy is facing
such big problems. They must cut rentals and GST to ensure business
survive and not expect Singaporeans to spend money to help the
businesses.
Clcik on topic:
Singapore's People Power
