GIC invest only Offshore and lost Money..

[SalahParking]

GIC did not generate wealth and productivity for Singapore.

 

[ftan42]

bcos of cv19?

 

[syed putra]

Singapore is awash with all kinds of illegal laundered and tax avoidance money. If the peoceeds are not remitted overseas, this will be inflate the currency and create all kinds of cost escalation such as too high property prices if compared to our neighbours.

 

[SalahParking]

Singapore is awash with all kinds of illegal laundered and tax avoidance money. If the peoceeds are not remitted overseas, this will be inflate the currency and create all kinds of cost escalation such as too high property prices if compared to our neighbours.

where u hear from? What school of economic theory ia that?

 

[SalahParking]

the PAP generated the inflation by projects after projects, so they can collect GST.

 

[syed putra]

where u hear from? What school of economic theory ia that?

Norway doing tbe same thing.

 

[eatshitndie]

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[SalahParking]

Norway doing tbe same thing.

the velocity of money causes high inflation, not the money stored in bank accounts

Norway is different, they are not money launderers

 

[syed putra]

the velocity of money causes high inflation, not the money stored in bank accounts

Norway is different, they are not money launderers

Every tom dick and harry indonesian and maybe even malaysian timber, coal mining, palm oil plantation have trading arms in sinkie. They buy and sell these commodities here. Money moves in and out from here and probably never reach places where the commodity came from.
Then you add in refined and crude oil trading from two huge refineries and petrochemical plants. Excess are deposited locally maybe to escape taxation. This is a country of only 6 million.

 

[pvtpublic]

Every tom dick and harry indonesian and maybe even malaysian timber, coal mining, palm oil plantation have trading arms in sinkie. They buy and sell these commodities here. Money moves in and out from here and probably never reach places where the commodity came from.
Then you add in refined and crude oil trading from two huge refineries and petrochemical plants. Excess are deposited locally maybe to escape taxation. This is a country of only 6 million.

eh thambi, inflation not caused by deposited money la. only if they spend it then will cause prices to rise, ie inflation.

this happens when demand outstrips supply. ask any hawker and they can explain this to you. or look back at WW2 Singapore and the Japanese banana notes.

 

[zhihau]

Like that how to everybody HUAT?

 

[syed putra]

eh thambi, inflation not caused by deposited money la. only if they spend it then will cause prices to rise, ie inflation.

this happens when demand outstrips supply. ask any hawker and they can explain this to you. or look back at WW2 Singapore and the Japanese banana notes.

What are the banks suppose to fo with all that money deposited?

 

[pvtpublic]

What are the banks suppose to fo with all that money deposited?

lend to temasick

 

[syed putra]

lend to temasick

Exactly. And GIC.

 

[SalahParking]

Every tom dick and harry indonesian and maybe even malaysian timber, coal mining, palm oil plantation have trading arms in sinkie. They buy and sell these commodities here. Money moves in and out from here and probably never reach places where the commodity came from.
Then you add in refined and crude oil trading from two huge refineries and petrochemical plants. Excess are deposited locally maybe to escape taxation. This is a country of only 6 million.

the seeds of inflation are sowed by the government, mega projects, and the PAP grew an usustainable debt bubble based on land value. and kept productivity low. When PAP gov generated high inflation, they took back higher GST and Taxes. and the cycle perpetuates. This is keynsian economics, an accident waiting to happen. The covid was just the pin that pricked the bubble. So if GIC had invested in local productivity(instead of mega projects), it will not cause high inflation, because there is less debt hot air in the country.

 

[SalahParking]

Anyway trade dollars are forex transactions, circulated inside bank systems...hardly inflationary..

 

[frenchbriefs]

Every tom dick and harry indonesian and maybe even malaysian timber, coal mining, palm oil plantation have trading arms in sinkie. They buy and sell these commodities here. Money moves in and out from here and probably never reach places where the commodity came from.
Then you add in refined and crude oil trading from two huge refineries and petrochemical plants. Excess are deposited locally maybe to escape taxation. This is a country of only 6 million.

Singapore is such a filthy rich financial hub,but how come sinkies aren't famous merchants and traders......u would think sinkies would be a group of powerful hongs and traders like the canton merchants capable of protecting their own people and territory,instead we are a bunch of coolies begging for others to come create jobs for us.

 

[nightsafari]

the velocity of money causes high inflation, not the money stored in bank accounts

Norway is different, they are not money launderers

not the overall supply of money meh? velocity only?

 

[nightsafari]

the seeds of inflation are sowed by the government, mega projects, and the PAP grew an usustainable debt bubble based on land value. and kept productivity low. When PAP gov generated high inflation, they took back higher GST and Taxes. and the cycle perpetuates. This is keynsian economics, an accident waiting to happen. The covid was just the pin that pricked the bubble. So if GIC had invested in local productivity(instead of mega projects), it will not cause high inflation, because there is less debt hot air in the country.

how would you invest in local productivity?

 

[frenchbriefs]

how would you invest in local productivity?

Impossible......anyway u can think of.any productivity u can squeeze out of this country.....the government has done it already,by importing cecas and other highly talented FTS to replace sinkies....

I think sinkies have reached the height of productivity they can possibly achieve after 13 to 17 plus years of education,any further improvement is highly difficult,would cost a ton of money and time and the return on investment would be marginal at best(point of diminishing return)....there's only so much u can train or educate an average population.......if sinkies were mostly primary school educated factory workers and lorry drivers,yes u can say they still have lots of untapped potential......


100 iq is always going to be 100 iq....even if u spend a million dollars and send him to university for 7 years,it isnt going to turn him into Mensa iq.....even if u spend quarter of a million dollars on tuition u can't turn an average student into a Harvard

The solution?import high iq 100 iq plus FTS to replace and gradually phase out the average and below average sinkies.....leave a limited population to drive taxis and serve NS......