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Interviewer: You have been around for a long time Mr S. Perhaps you could share with us some of your accomplishments. Satan: Certainly. Let me start by saying that I have a long standing feud with YHWH - that creator being that many know to be God. My proudest moment was when I managed to...

Once the CPF monies flow to the government, it will be invested (together with the rest of government surpluses) in a variety of instruments mainly through GIC and Temasek. But bear in mind that the government provides a blanket guarantee on these CPF monies that it owes (or "keep in trust"...

I suspect we are at tangent to one another. Your issue appears to be that you do not think the national debt is 'justified' in the sense that CPF shouldn't be invested in Singapore govt securities but should instead be invested with fund managers etc. That's fine, nothing wrong to hold such an...

1. CPF In that case, the more appropriate question to ask is not "Why does the government need to borrow ?" but rather "Why has the current CPF investment model been chosen ?" You are right that the CPF could have been structured in alternate ways. However, each structure would have its...

As I have posted in another thread, we may not know the total reserves that Singapore has, but we do know that our reserves exceed our public/national debt (whatever we want to call it). We know that: 1. Singapore's reserves with MAS amounted to US$242 billion as at June 2011 (check MAS'...

That's a fair question (and a good one) - If the Singapore govt chalks up surpluses year after year, why on earth does it still borrow and incur such a large US$254 billion national debt ? You are right in that unlike many other countries, the Singapore govt does not need to borrow to finance...

What is it about the reserves data that I've presented so far that make them "half truths" ? Tell me, I'm all ears and am still waiting ... Oops ... you can't. Why ? Because the hard fact is that Singapore currently has a very strong reserve position, strong enough to back up every single...

Like I said, I didn't expect you to believe the govt's side of the story but that's fine. The fact still remains that Singapore's reserve data, as held by MAS and Temasek are easily available off the Net; you can check them for yourself. And if you look carefully at those numbers, you will...

The official reserves held by MAS are given on their website as well as on IMF's website. These are audited by the Auditor General. Temasek's portfolio value and shareholder's equity are available on their website and annual report and audited by KPMG. You don't need to be a God to get at these...

Agreed. But the difference is that I take the trouble to research and analyse data on Singapore's reserves to try to ascertain the truth; and not just believe what some John Harding bloke writes, hook, line and sinker. And the data that I've seen suggests a very different picture to that painted...

There is nothing wrong being sceptical. We should indeed question things presented to us. But this has to be balanced against data and information that we have which would allow us to come to an informed and educated conclusion. If we refuse to consider opposing information just because...

And I assume you agree with them. So I ask again, on what basis do you think that CPF is bankrupt ? Do you not agree with what I have written about Singapore's reserves viz-a-viz its national debt ? What is it that you do not agree with and why ? In fact, if CPF was indeed bankrupt, even my...

1. The US$254 billion includes what the government owes to the CPF Board and by extension, to us (by virtue of CPF monies being invested in special government securities issued for this purpose). In fact, the special government securities issued for CPF monies takes up a large chunk of this...

Didn't I already explain in fair amount of detail Singapore's reserves and where our CPF money is ? Did you not read the rest of my post ?? :confused: If you did, do you or do you not agree with what I had written ? If you do agree, why are you still lamenting about your CPF ? If you do...

Where did all the borrowed money go ? What is the true state of the reserves ? Where did the money go ? Do you realise that you have been deceived by this article written by this person calling himself John Harding ? Do you know how much reserves Singapore actually has ? Based on publicly...

The only bombshell is the realisation that the author (calling himself John Harding) is a deceitful twit with an axe to grind against Singapore. He kicked up a big fuss over Singapore's national debt of US$254 billion but conveniently failed to mention that Singapore also had assets/reserves...

Some of the posters got it right. This John Harding fellow who wrote the article failed to realise (or deliberately ignored) the assets/reserves of the Singapore government which is way in excess of the 'national debt' US$254b. Based on publicly available information, Singapore's reserves...

This was extracted from an article written by someone calling himself John Harding who in my view (sorry for the rudeness) is either an incompetent bafoon or a deceitful twit out to misinform. Why so ? It is true that Singapore's national debt is US$254b as reported by Fortune Mag. BUT, the...