Some of it isnt MIW's fault.
The monetary expansion coming from all the central banks is
wrecking havoc everywhere. They are currently printing shit-loads
of money to try to "jump-start the global economy".
And most astoundingly, the stupid stock market plays with
everything, including food of all things.
Of course that's when things goes bonkers, as it is now.
it is their fault..
they "liberalised" public housing.. instead of taking
responsibility for people selling their HDB flats to
upgrade/downgrade or whatever, in the past they bought the flats at
a fixed price and sold it at the fixed price..
but no.. the allowed the goddamned PUBLIC HOUSING flats
(supposedly built by public funds) to be traded in the open
market.. which created the bubble and the fucked up housing mess we
have now.. all for stamp duties and GST..
if you looked at the inflation for the past few months, almost
all of it came from 2 things.. which brings me to the next
bit...
transport... the fucked up COE has got out of hand.. in fact, it
is pushing the other bits of the inflation basket to the
stratosphere....
the normal person can't even think about affording a car
anymore... not when the COE is 3 times the actual cost of the car..
and there's also excise too...
this is driven up by the businessman who decides he wants a merc
to replace his old merc... so he goes and just tells cycle &
carriage to get a merc... the dealer goes out and bids really high
because the businessman wants his merc.. the businessman says
"meh.. $100k COE? i'll just charge my customer $1.10 instead of
$1"
it is real because that happened to one of my neighbours.. he's
got a pile of mercs and other cars but he just passes the costs to
his customers...
that's inflation.. but he doesn't know it nor cares.. he's got
his merc...
MBT has a lot to answer for... because these things were
highlighted to him, and to the assholes in parliament.. and to
everyone else who refused to listen..
they didn't give a shit because we, the citizen would pay for
it.. not them.. it is never them
it's an "honest mistake" and they move on.. telling everyone not
to play the blame game..
well, the blame game is necessary to make them account for their
errors.. which the country is paying for.. and may possibly be
destroyed because of their greed