Re: CPF LATEST: Dear SINGAPOREANS. Make CPF The HOT TOPIC In All FORUMS. CPF CPF CPF!
brudder.................do the math......................
every year and every month more and more money entering the CPF....................calculate the interest to be paid on that amount........................and compounded interests..................
IT'S UNSUSTAINABLE...................
no way anyone can make more and more money every single year to cover the principal sum and compounded interests...........
that's why medical costs going up..............new flats and old flats going up..............to wipe out the funds in peoples' CPF a/cs..............retirement age going higher..................THEY DON'T HAVE ENOUGH CASH TO PAY OUT...............
already S'pore's national debt greater than our GDP................and PAP already borrowing money to sustain the CPF..............
National debt great than GDP because of CPF use for their investments. Or else, CPF money sit there do nothing. Minus away CPF, national debt to GDP is only half the GDP. Just stating fact not arguing with you on what you said. Gabhrament balance the compound interest by creating higher annual inflation.
Problem is how you grow GDP. Like cut 500 strands of hair from 5 to 500 dollars. You think that is smart GDP growing? Hello, the farm is still producing 100 bushels a year and the steel meal still needs 1000K tons of coal to run which is produced at a limited rate.
Anyway, technically Singapore reserves are fiscally sound and can be used to fund a pension when necessary. But of course, if you start this, the Ponzi begins.
I am not sure whether they do not have enough cash to pay out for CPF. But it is economically undesirable to do so. People retire earlier and do not work, but then, we must realize it is their savings and thus the right of Shittyzens. You take out cash, you stop the multiplier effect spin.
On the issue of compound interests game, it is in the first place not a Singapore problem but a world problem. LKY would rather pay you simple interest. But since everyone is playing, Singapore must also play in the game of inflationary finance. You cannot blame Singapore for this. We would die if we did not play it and have our country seriously bought over if we don't. US print banana money to buy over ownership of your production facilities, so no matter how hardworking you are in producing real products, you are a slave. The key is to manage the numbers. US and EU version of financial bullshit economy is the biggest Ponzi waiting to find the biggest sucker. EU now has gotten fucked, thanks to the world using US dollars and forced to buy US debt. Singapore must play the game carefully without fucking its own people. Tired and challenged people cannot fight the war externally. LKY masturbate over too many Rocky movies. Harder you push the guy harder he bounces back. But LKY uses a sledgehammer and cut the tendons of the shittyzens - how you expect any bounce back?
Sorry for writing so long. I think you get what are the issues I am pointing out. I understand the math you are driving. It is unlikely to continue forever, unless Singapore starts a war or participates in a war to enslave a region and its resources to make up the difference. Singapore is unlikely to do it but US clearly needs to do it more than anyone else.
