America can just print money

last SG · 2009-01-28T10:29:33+00:00

Who say Singapore cannot print money? Every country whose currency is "legal tender" can print money whimsically, it's called fiat currency.

AJ Witoslawski SG

Really ? how many singaporeans are on the top 50, 100, 500 richest people in the world?

SG doesn't have many of the richest people of the world, but Singapore's GDP per capita is $50,000, which makes the average Singaporean richer than the average American, Canadian, Briton, French, Spaniard, etc.

AJ Witoslawski SG

Sorry, Malaysia was just an example (not neccersarily the best).

What I mean is there is nothing physical keeping these industries here. Any country can change their regulations and become a alternative. In practise it's not that easy as they need to gain corporations trust but it's not like a gold mine which is not physically possible to move.

That's true, mjallday. That's precisely why we should praise Lee Kuan Yew and PAP for attracting and industry that could have been anywhere else in the world.

lianamaster SG

You want to pay for your food with stacks of cash?

You: Auntie ah, Mee Siam, mai hiam.

Auntie: Orh.

You: Mee Siam how much huh?

Auntie: $78,500

*You takes out 7 stacks of 200 $50 notes, and another 170 $50 notes to pay for Mee Siam, mai hiam*

This will be horrific if it happens... haha...

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