Trillion unaccounted for in Singapore reserves

[MightyMouse]

"Using Singaporean provided numbers on budget surpluses, borrowing, and returns: Singapore, Inc. should have more than $2.1 trillion SGD in the bank right now. TRILLION. RIGHT NOW!! It currently reports only about $700 billion SGD." - Prof Christopher Balding

http://christopherbalding.com/2012/...st-when-you-thought-it-couldnt-get-any-worse/

Do we have an accounting issue here or is it something more menacing?

 

[zhihau]

me don't ask for much, me only want my CPF monies back when me retire

 

[Thick Face Black Heart]

me don't ask for much, me only want my CPF monies back when me retire

You won't get your money back. If you have CPF, they will use it to buy CPF life on your behalf.

 

[Fook Seng]

me don't ask for much, me only want my CPF monies back when me retire

Not so easy. You have to work very hard to get it out.

 

[Thick Face Black Heart]

me don't ask for much, me only want my CPF monies back when me retire

Bro if you really want your money back, the only solution is emigration.

 

[ChaoPappyPoodle]

It is your money only if you get to spend it the way you want to. The only way it is your money is when you migrate.

95% os daft Singaporeans still believe that the CPF is their money. If they can't spend it then it is not their money. It's like an idiot who goes window shopping thinking that he owns the things that he sees but cannot use.

 

[steffychun]

"Using Singaporean provided numbers on budget surpluses, borrowing, and returns: Singapore, Inc. should have more than $2.1 trillion SGD in the bank right now. TRILLION. RIGHT NOW!! It currently reports only about $700 billion SGD." - Prof Christopher Balding

http://christopherbalding.com/2012/...st-when-you-thought-it-couldnt-get-any-worse/

Do we have an accounting issue here or is it something more menacing?

Then is the IMF stupid not to notice?

 

[MightyMouse]

Then is the IMF stupid not to notice?

I don't think its the role of the IMF to validate the data submitted by the individual governments.

 

[tima81]

How many zeros are there in a trillion? Don't know how many times need to strike TOTO

 

[steffychun]

I don't think its the role of the IMF to validate the data submitted by the individual governments.

It usually is. So the Greeks are stupid not to manipulate their data like LHL and Co does?

 

[Unrepented]

You so clever............ our former president OTC should have asked IMF for information instead :o

Then is the IMF stupid not to notice?

 

[Unrepented]

The Greece needs to borrow..........

If role of IMF is as wide and as effective as you purported, then world economic recessions past and present can avoided leow.:o

It usually is. So the Greeks are stupid not to manipulate their data like LHL and Co does?

 

[Tension68]

Then is the IMF stupid not to notice?

why look to others? See the Syria situation.. see how the UN are looking on.. if u want something to happen, do it urselves

 

[LeMans2011]

I get the feeling KJ is putting a nail to his coffin by having such an "intellectual" discussion with this balding guy.
If i were him i would not pretend to know what i don't.

 

[myfoot123]

I remember LKY did make a slip when he said Singapore has trillion reserves. Now we are so enlightened by THE FACT that a slight CHANGE OF ACCOUNTING POLICIES from Lee's family could easily wipe out billions of Singaporeans hard-earned money and the money dissappeared into the air or ended up in someone swiss banks. It is no wonder our CPF has been deferred serveral times as the states can no longer afford to repay the people money when the time is due. We should demand the truth and stop using threat that our coffer is confidential.

 

[borom]

why look to others? See the Syria situation.. see how the UN are looking on.. if u want something to happen, do it urselves

Agree .
Look at Egypt and how they imprisoned Mubarak.
Better still look at Libya and how they dispense justice to Gaddafi.
No person or party rules forever-but for our case, make it faster before the monies are lost by H Jinx.

 

[kazuo]

How many zeros are there in a trillion? Don't know how many times need to strike TOTO

Strike TOTO? Bro, more like striking the national lottery of all the countries in the different continents.

 

[tima81]

Strike TOTO? Bro, more like striking the national lottery of all the countries in the different continents.

Bro, u let me strike 10 million TOTO is good enough. :( 1 Trillion, i don't dare to think.

 

[steffychun]

Agree .
Look at Egypt and how they imprisoned Mubarak.
Better still look at Libya and how they dispense justice to Gaddafi.
No person or party rules forever-but for our case, make it faster before the monies are lost by H Jinx.

So how should ours go? Imprisoned? Killed in air raid?

 

[coolguy]

I get the feeling KJ is putting a nail to his coffin by having such an "intellectual" discussion with this balding guy.
If i were him i would not pretend to know what i don't.

If every politican were like you, everyday keeping stomach full pocket full but brains empty,
this is what the pappies want.
Don't even have the courage to "agree to disagree". pathetic.