MAS lost $10 billion

[Deleted member 80916]

where is dear Koh Beng Seng, these days ??
I remember the early days,...Elizabeth Sam was also into managing theese funds,...
..wasn't it better then ? when it was run by these two talents ?

 

[escher]

MAS keeps bulk of assets in foreign currency, like usd govt bonds, EU bonds etc. that's why the account is called foreign reserves. Economic 101 hor.

Naturally, if sgd strengthen, then all these foreign assets will automatically be lower in sgd terms.

If sgd weakens, then MAS will show a nice profit without doing anything.

All just paper play. Not like the bank investments by temasick. That one is real loss.

What fucking econ 101?

That can be flushed down the toilet bowl with PAP doggies still repeating pledges and mumbling Mahchula Stinkaporah

All depend on which side of the bed smear of shit on sole of shoe get out from
LKY will decide what to buy high and what to sell low

Not his fucking $$$$$, but our$$$$$$



YOU THINK ANY OF THE CIVILE SERPENTS CAN SAY NO AND DARE TO SAY NO TO THAT SMEAR OF SHIT ON SOLE OF SHOE?

 

[halsey02]

where is dear Koh Beng Seng, these days ??
I remember the early days,...Elizabeth Sam was also into managing theese funds,...
..wasn't it better then ? when it was run by these two talents ?

Sam the woman...wahhh! ha ha ha SIMEX...ha ha ha...quietly faded into the woodwork...since you brought this up...how about the head of SES ?? if you know what SES stands for!!...same time with SAM the woman & SIMEX...but this was CLOB...many got clobbered...what happen to the talk about bringing it to ICJ?? International Court Of Justice...Koh Beng Soon did a remakable job...

 

[Kuailan]

What do you expect when you have snakes in MAS and DBS??

They will twist and turn and you don't know where the hell they are going?

Lost money no surprise?

 

[halsey02]

What do you expect when you have snakes in MAS and DBS??

They will twist and turn and you don't know where the hell they are going?

Lost money no surprise?

'Melon' is dark color... ha ha ha the country is infested with them, especially the financial one...

 

[Deleted member 80916]

Issit true that KBS is still unmarried,..and shares same inclination as Vincent W. ?

Sam the woman...wahhh! ha ha ha SIMEX...ha ha ha...quietly faded into the woodwork...since you brought this up...how about the head of SES ?? if you know what SES stands for!!...same time with SAM the woman & SIMEX...but this was CLOB...many got clobbered...what happen to the talk about bringing it to ICJ?? International Court Of Justice...Koh Beng Soon did a remakable job...

 

[Narong Wongwan]

Koh Beng Seng was the one who exposed the Royal Lee's on their Nassim Jade extra eggs in char kway teow....
He malu the royal family you think got future in singapore?

 

[watchman8]

Koh Beng Seng was the one who exposed the Royal Lee's on their Nassim Jade extra eggs in char kway teow....
He malu the royal family you think got future in singapore?

If he outlast old man, he may yet have a future.

 

[Narong Wongwan]

If he outlast old man, he may yet have a future.

Pinky will be still around...
But outlast a cancer man is not that hard....

 

[eatshitndie]

Who's responsible for this fiasco? No heads to roll?

blame the u.s. and japan for "quantitative easing" and minting of money. europe is still adamant about the tight control of euros by hoarding them and reigning them in, which is becoming a financial disaster for many european economies. sg is just experiencing the sideline effects of major economies playing punk. :*:

 

[GoldenDragon]

Koh Beng Seng was the one who exposed the Royal Lee's on their Nassim Jade extra eggs in char kway teow....
He malu the royal family you think got future in singapore?

The other Beng Seng emerged winner.

 

[scbccb]

Rubbish. Charcoal black cina babis excel in everything they do in life.

I know MAS, but I am bewildered even if it is a paper loss or?...very unusual for MAS...the institution that I really do admire...they might have too many of the 'dark colored kind' inside...

 

[Lordshiva]

Eh you all failed maths ah?

Mas didnt just lose 10 bil......they claimed they made 8.9 bil but that was reversed and they still endedup with a 10bil loss!!!


They lost in total 10.6 + 8.9 billion understand!!


Read the fuckng article carefully again and seefor yourselves what of bullshit read only the good news manipulative crap the presstitutes are reporting dudes!!!

 

[tonychat]

hope MAS lost 100 billion..then sinkies are go screwed themselves again.. wahhahah

love it!!!!!

 

[watchman8]

Pinky will be still around...
But outlast a cancer man is not that hard....

Pinky without daddy is a nobody. Old man tried to transfer his power to pinky, but that useless son squanders it off on bad immigration policy.

 

[watchman8]

Eh you all failed maths ah?

Mas didnt just lose 10 bil......they claimed they made 8.9 bil but that was reversed and they still endedup with a 10bil loss!!!


They lost in total 10.6 + 8.9 billion understand!!


Read the fuckng article carefully again and seefor yourselves what of bullshit read only the good news manipulative crap the presstitutes are reporting dudes!!!

Foreign reserves is in excess of usd 200 bn, and these are all in foreign currency bonds. Over the past year, sgd strengthened quite significantly against all major currencies, especially usd, jpy and euro. A 5% sgd gain means $10 bn loss.

MAS making loses means sgd strengthen, and all sgd holders enjoy strong sgd on holidays.

MAS making good profits means we all suffer, because we need to pay more sgd per fuck in Bangkok. Get it?

Don't waste energy with MAS. The worms are in temasick and GIC.

 

[shctaw]

Zerohedge have detail report on this issue....

Title: Singapore Central Bank Rocked By Losses, Money-Laundering, And Terrorism-Financing

http://www.zerohedge.com/news/2013-...sses-money-laundering-and-terrorism-financing

 

[Narong Wongwan]

Foreign reserves is in excess of usd 200 bn, and these are all in foreign currency bonds. Over the past year, sgd strengthened quite significantly against all major currencies, especially usd, jpy and euro. A 5% sgd gain means $10 bn loss.

MAS making loses means sgd strengthen, and all sgd holders enjoy strong sgd on holidays.

MAS making good profits means we all suffer, because we need to pay more sgd per fuck in Bangkok. Get it?

Don't waste energy with MAS. The worms are in temasick and GIC.

Bear with me.
So in theory if sgd keeps strengthening then we can expect more losses?
Jialiaobee can't do shit?
Can't they act to hedge and mitigate these losses when they see/know fx rates not favourable?
They claim fixed income, interests etc from foreign assets not enough to offset fx losses....
Ok granted no one got a crystal ball....10 bn loss explained away by a single liner in a report?
2nd largest on record....what and how did it go wrong?
What can they do for this year to prevent such losses?
All suck thumb?

 

[watchman8]

Bear with me.
So in theory if sgd keeps strengthening then we can expect more losses?
Jialiaobee can't do shit?
Can't they act to hedge and mitigate these losses when they see/know fx rates not favourable?
They claim fixed income, interests etc from foreign assets not enough to offset fx losses....
Ok granted no one got a crystal ball....10 bn loss explained away by a single liner in a report?
2nd largest on record....what and how did it go wrong?
What can they do for this year to prevent such losses?
All suck thumb?

All paper loss. Singapore prints sgd, and when sgd strengthen, Central bank prints more sgd to buy foreign bonds as foreign reserves. If central bank don't print sgd to slow down appreciation of sgd, then sgd will appreciate even more and faster, then many local businesses will close shop. This is all the workings of a global fiat currency system.

Real losses comes about when GIC and temasick buys into businesses that subsequently collapsed, like ABC learning, global banks etc. Ask GIC how much they lost in the dot con bust a decade ago. Nobody knows what kind of businesses GIC and temasick are buying into, and how many of such deals are crony deals.

So go to where the worms are hiding, and MAS is the last place to find worms.

 

[escher]

And there will always be the question if the losses were real.
Not some smoke and mirrors where that $$$$ went to a safe secure Swiss account