Why Singapore's Economy Is Heading For An Iceland-Style Meltdown

[laksaboy]

very difficult to believe. stinky is the safe haven financial centre in south east asian. In 1997/8 meltdown, all those with cash dumped their money in stinky, the only currency that did not devalue. Besides, S$ it is also backed by brunei.
When Thaksin sold his company to temasek, did he repatriate that money back to thailand or stash the loot in stinky? I think many other big businesses and businessmen do the same.

A bubble is a bubble, whether you choose to believe or not.

It's just like Cyprus, suddenly everyone takes their money out and the country gets buggered.

 

[imperialarms]

Isn't LKY a Forbes contributor? Funny they would publish this.

 

[shctaw]

I hope for a Singapore style melt down......

So Singaporeans will not be so cocky in the world stage......

haizzzz..................

 

[GramStroker]

A bubble is a bubble, whether you choose to believe or not.

It's just like Cyprus, suddenly everyone takes their money out and the country gets buggered.

Unfortunately for many Russian millionaires their investment in Cyprus got written down, no chance to take out.
For pappies its the other way round, take care of foreign interests, screw the locals.

 

[blackmondy]

A bubble is a bubble, whether you choose to believe or not.

It's just like Cyprus, suddenly everyone takes their money out and the country gets buggered.

Our system sibei largi solid. It's a bubble within a bubble within a bubble......ad infinitum.

 

[winnipegjets]

I hope for a Singapore style melt down......

So Singaporeans will not be so cocky in the world stage......

haizzzz..................

The PAP will run road when everything collapses. So, they will spend everything in the reserves to prop up the property market. No other choice.

 

[blackmondy]

It won't be a meltdown but a total economic disintegration. Our economy is nothing but a big nothing.

 

[singveld]

without economic meltdown, how does the opposition win power?

 

[johnny333]

Our system sibei largi solid. It's a bubble within a bubble within a bubble......ad infinitum.

LKY & LHL will be more famous than Bernard Madoff

 

[da dick]

Good insight...sinkieland is doomed

then up my points, lah. no meatpuppets to up my points for myself leh... unlike some IB clones on SBF.

 

[escher]

LKY & LHL will be more famous than Bernard Madoff

Madoff is a small timer petty thief in comparison to smear of shit on sole of shoe LKY who not only
stole 700++ BILLIONS into his stinkapore sovereign funds

Smear of shit on sole of shoe LKY made those he stole from to be grateful to him for stealing their billions and to remain head down down and arseholes up high high for his PAP to fuck and screw and tiew while still robbing from them and laughing all the way to their fucking banks

WHEN LKY DIE AND HOOTING IS DONE
ALL THOSE FUCKING PAP BASTARDS WILL DANGLE FROM PIANO WIRES FROM LAMP POSTS AND TREE BRANCHES WITH THEIR FUCKING CORRUPT KANGAROOS

JUST KEEP THAT IN MIND