Serious CPF system falling apart...with negative interest rates..major changes coming soon..

[SalahParking]

government bond
PUBLISHED WED, MAY 20 2020 8:11 AM EDT
UPDATED 23 MIN AGO

Katrina Bishop
@KATRINABISHOP
Elliot Smith
@ELLIOTSMITHCNBC
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KEY POINTS

• In an auction Wednesday, the U.K. Debt Management Office said it sold £3.8 billion ($4.66 billion) worth of three-year gilts at a yield of minus 0.003 percent.

The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond buying action from central banks.
In an auction Wednesday, the country's Debt Management Office said it sold £3.8 billion ($4.66 billion) worth of three-year gilts at a yield of negative 0.003%.

 

[nayr69sg]

how to?

Obtain citizenship from another country. Then renounce sinkie shitizenship. Then apply to withdraw CPF.

It isnt that difficult you know. I know many other people who have done it too.

 

[syed putra]

JPY will fall versus USD

Japan has managed the lost tricade the best...

I told you that and you said I should work in temasick.

 

[Leepotism]

KNN just make sure sinkie can continue to withdraw on monthly basis from 65 to max 70yo or else my uncle will chop off your head and your master head without hesitation KNN

I am wondering what happens if CPF is really broke and issue us with IOU.

 

[syed putra]

What nonsense are you sprouting!

Many sinkies have been withdrawing CPF on a monthly basis for their retirement needs.

It's a deferred payment instead of a one lump sum one. Boosting cpf deposits even higher.

 

[nayr69sg]

CPF could be a ponzi scheme too. Who knows right?

Can CPF pay up if all account holders applied to withdraw their CPF?

 

[sweetiepie]

I am wondering what happens if CPF is really broke and issue us with IOU.

My uncle think even if cpf is broke they will still use the credit card cover credit card method to rob from below 65 yo sinkies until when snowballed till unable to pay the 65yo until 70yo is the limit my uncle can tolerate KNN as long as you don't need the money now until 65 yo you are considered in safe zone KNN

 

[JohnTan]

It's a deferred payment instead of a one lump sum one. Boosting cpf deposits even higher.

CPF functioning like a lifelong annuity is better for sinkies retirement needs. We don't need old sinkies getting cheated of their retirement savings by whores from batam or beer ladies from chinkland.

 

[syed putra]

CPF functioning like a lifelong annuity is better for sinkies retirement needs. We don't need old sinkies getting cheated of their retirement savings by whores from batam or beer ladies from chinkland.

The whole idea of retirement is invest in your own coffee house or pub. Or whorehouse.but PAP prevents all these businesses from being created.

 

[SalahParking]

I told you that and you said I should work in temasick.

you should try to apply, they need diversity in their staff..

JPY vs USD is so easily read and tradeable for pure alpha profit in any direction..that it is almost risk free..

 

[SalahParking]

My uncle think even if cpf is broke they will still use the credit card cover credit card method to rob from below 65 yo sinkies until when snowballed till unable to pay the 65yo until 70yo is the limit my uncle can tolerate KNN as long as you don't need the money now until 65 yo you are considered in safe zone KNN

sounds like a ponzi

 

[sweetiepie]

sounds like a ponzi

The confirmed answer to whether is it a ponzi can only be proven at max 70yo of withdrawal age hence my uncle only will take chopper to cpfb when it is confirmed KNN

 

[nayr69sg]

sounds like a ponzi

The only time ponzi schemes fail and are discovered is when too many want to cash out all at same time.

CPF has been structured such that for most people it is not possible for you to cash out.

 

[syed putra]

you should try to apply, they need diversity in their staff..

JPY vs USD is so easily read and tradeable for pure alpha profit in any direction..that it is almost risk free..

You got lobang? I can make them lose money like they have never done before.

 

[nightsafari]

moot point. if withdrawals are controlled by laws that can change at a moment's notice, such a situation may not be possible because legality will make it inaccessible. There is currently no mechanism that I am aware of for withdrawing all accounts at the moment. Either all account holders die or all account holders migrate at the same time. That is a very improbable scenario. CPF has got your money for good.

 

[nayr69sg]

Where I think Singapore CPF system might have a problem is if Singapore start to collapse. SGD$ drop. Economy turns bad. Companies pull out. No jobs.

Then many of these so called PRs will say I go back to my home country. I want my CPF.

Several hundreds of thousands of these all wanting CPF back. See how CPF deals with it.

 

[Bobbyfoo]

https://mustsharenews.com/toh-chin-chye-cpf/

 

[kkbutterfly]

Obtain citizenship from another country. Then renounce sinkie shitizenship. Then apply to withdraw CPF.

It isnt that difficult you know. I know many other people who have done it too.

then can only come back sg as tourist?

 

[nayr69sg]

then can only come back sg as tourist?

Go back for fuck?

 

[kkbutterfly]

Go back for fuck?

go back F man in white