Serious HengSK on Singapore's precious Reserves Money..

[SalahParking]

This was recorded 3 weeks ago before the global market crash.
Would he have the same view today?

Listen carefully

 

[nirvarq]

Abo then ?! That's us, Boomer generation.

Merdeka Generation

^^ :P <3

 

[JohnTan]

Fucking oppies thinking of using covid-19 as an excuse to bankrupt our reserves?

 

[nayr69sg]

Fucking oppies thinking of using covid-19 as an excuse to bankrupt our reserves?

Dont be silly.

Sinkies all still supporting the economy. Going out. Enjoy.

Why you dont trust your beloved PAP? Their NCID is damn tok gong!

Keep going out as per normal. There is no covid19 in sinkieland. All cases are quarantined. Everyone else is well and virus free.

So go. Go spread the word. It is safe! Glorious Singapore!

All is well we are swell that is why we can excel!

 

[Gallego99]

It should have a measured and targeted approach to help keep jobs,those who need them most and avoid sinking into recession. A big bang approach is wasteful and I hope that's not what they have in mind. Supplementary budgets may be necessary, quarter to quarter as and when the need arises.
Be prudent with reserves as this may not be 'the problem' going forward.

 

[A Singaporean]

Do you think they should pay themselves millions?

 

[bobby]

When things get complicated...Stroke Heng will just seek for another "adjournment".

 

[nayr69sg]

Do you think they should pay themselves millions?

Of course!

 

[laksaboy]

Reserves are so secret, all subsequent presidents after Ong Teng Cheong have been hand-picked.

 

[mojito]

It should have a measured and targeted approach to help keep jobs,those who need them most and avoid sinking into recession. A big bang approach is wasteful and I hope that's not what they have in mind. Supplementary budgets may be necessary, quarter to quarter as and when the need arises.
Be prudent with reserves as this may not be 'the problem' going forward.

Quarter to quarter? Our millionaire ministers so power? Bro, the EU nations are responding week to week!

 

[hofmann]

Dont be silly
All is well we are swell
That is why we can excel!

Awesome prose

 

[SalahParking]

It should have a measured and targeted approach to help keep jobs,those who need them most and avoid sinking into recession. A big bang approach is wasteful and I hope that's not what they have in mind. Supplementary budgets may be necessary, quarter to quarter as and when the need arises.
Be prudent with reserves as this may not be 'the problem' going forward.

Yes, yes, yes. This kind of approach is the most well thought out, no knee jerk reaction. Must not use a blunt tool, surgical support. Raiding the reserves just to support failing industries is the stupid opposition thinking way. Oppies no brains and capabilities, only after money, money , More Money....hehehehhe kekekke

 

[SalahParking]

Reserves are so secret, all subsequent presidents after Ong Teng Cheong have been hand-picked.

Not really a secret lah, you can guess, it is how much money was drawn without approval is what they want to hide.

 

[SalahParking]

When you have economic stops globally, no textbook approach can help u. Do they have the guts to assume deflationary spiral. When it starts, it will cascade, and then flush out..you Singdolla is worthless....

 

[SalahParking]

On not giving out sweets, it would be irresponsible to our future generations.. cannot anyhow spend

 

[SalahParking]

Remedy for deflation is set interest rate to zero, compel spending, build bridges to nowhere, banks have to merge, let sunset industries collapse, invest in forward industries, automate, seek new lands to colonise, war....

 

[syed putra]

The reserves were created by billionaires from neighbouring countries who dump their cash here from timber, coal mining, in brunei's case, their oil wealth plus currency board linked to S$, palm oil, oil and gas, .....

 

[Gallego99]

Quarter to quarter? Our millionaire ministers so power? Bro, the EU nations are responding week to week!

Each country is unique with their peculiar needs. Many with healthy balance sheets may even seek assistance or handouts even though they're flush with cash reserves. There are those who are better off shuttered. Then again there are cronies, the list is endless.
It depends on your baseline assumption- does it taper off in June,end of the year or the middle of next year. It's easier to spend than save.

 

[SalahParking]

The reserves were created by billionaires from neighbouring countries who dump their cash here from timber, coal mining, in brunei's case, their oil wealth plus currency board linked to S$, palm oil, oil and gas, .....

ahhhh yes, brunei oil money..whoever said singapore had no oil wealth .....kekekekeke

yes...Foreign Billionares dumping FX cash in Singapore. MAS giving them back printed SGD in exchange..this is recorded as a liability..

All deposits are recorded as liabilities in any Bank, the banks then deposit it to the Central Banks and it suddenly turn into assets...the central banks then give it to GIC and Demsick as gambling chips.