How does the Government hoard billions in surpluses ?
By spending billions in questionable and doubtful assets that
more discerning hard nose investors will not touch, and then call
it a bargain for the longer term.
The money is not kept in Singapore, but in the largesse of
overseas entrepreneurs, who are daring enough to create a shell
game to con the billions from one who is too pompous to admit that
he is an entrepreneurial newbie - too old to learn new
tricks, and too dogmatic with his old habits.