IMPORTANT MESSAGE To TAN SEE JAY. Contest on CPF Platform....u will win.

[ahleebabasingaporethief]

Please ensure that CPF is your 1st priority.

Find out how much left in our CPF accounts.

Return all CPF monies at 55 as per original law..

I guarantee u will win if you ight on CPF as it touches all Singaporeans. We are all very tulan at being CHEATED of our own monies.

 

[Leepotism]

I will vote for Tan Jay Say.

 

[tonychat]

Please ensure that CPF is your 1st priority.

Find out how much left in our CPF accounts.

Return all CPF monies at 55 as per original law..

I guarantee u will win if you ight on CPF as it touches all Singaporeans. We are all very tulan at being CHEATED of our own monies.

then why not go to the streets and fight for your rights rather than come here to KPKB

no balls har.... sinkiely pathetic!!!

 

[Confuseous]

Business Times - 12 Aug 2011


All CPF monies safe, will be paid back: MOF By CONRAD TAN

(SINGAPORE) The Republic's Central Provident Fund (CPF) savings are backed by the full resources of the Singapore government, which has far more assets than liabilities and can fulfil its obligations easily, the Ministry of Finance (MOF) has said in an update on its website.

'All CPF monies are safe,' MOF said, in its answers to frequently asked questions on the protection of Singapore's reserves. 'CPF monies are invested in bonds that are issued and guaranteed by the Singapore government. The full resources of the government are backing this guarantee that CPF monies will be paid back.'

The government's assets 'far exceed its liabilities' - including its CPF liabilities, it added.

'There is no net government debt. Singapore is in fact a net creditor country, not a debtor country.'

None of the funds raised from the government's borrowing are for spending; in fact, under the Constitution, the government cannot spend money that it raises from selling debt securities, MOF said.

'All borrowing proceeds are therefore invested. The investment returns are more than sufficient to cover the debt servicing costs.'

The government's strong reserves position is illustrated by the investment returns that are made available for spending on the government budget, MOF said.

That net investment returns contribution, as it is known, is currently about $7 billion each year.

That contribution is drawn from returns on the government's net assets - after deducting all its liabilities, including CPF monies - not gross assets, MOF said.

That means that the government's net assets produce 'significant returns', it added.

'It should be further noted that, as stipulated in the Constitution, the net investment returns contribution recorded in the government budget only comprises up to 50 per cent of the returns earned on the reserves.

'If the government's assets had not been adequate to meet its liabilities, there would be no contribution from the investment returns on reserves in the government budget.'




Copyright © 2010 Singapore Press Holdings Ltd. All rights reserved.

 

[ahleebabasingaporethief]

Talk is cheap.

With PREZ elections looming and CPF likely to be hot issue; they come out with such a "believable" article?

Action speaks louder than words.

Minimum sum rises all the time.
Minimum age for withdrawal rises all the time.

There are so much more. There is even numerous articles calling the CPF a PONZI SCHEME; and ripping off account holders by paying low interests rates.

TALK COCK SING SONG AND USING PROSTITUTES AS A MOUTH PIECE FOR PIAN GI NA AND PIAN UNCLES AUNTIES AGAIN? IT WILL NOT WORK!

 

[Char_Azn]

SG public debt is about +/- our GDP roughly $290 billion
100% of that debt is CPF
SG reserves(MAS, GIC, Temasek Holdings) combine value is estimated at $1 Trillion. Anyone of them will be able to pay your CPF money with no issue.

 

[Debonerman]

SG public debt is about +/- our GDP roughly $290 billion
100% of that debt is CPF
SG reserves(MAS, GIC, Temasek Holdings) combine value is estimated at $1 Trillion. Anyone of them will be able to pay your CPF money with no issue.[/QUOTE]


Give us Ah Peks a link to follow...from an international accredited source please...............

 

[red amoeba]

SG public debt is about +/- our GDP roughly $290 billion
100% of that debt is CPF
SG reserves(MAS, GIC, Temasek Holdings) combine value is estimated at $1 Trillion. Anyone of them will be able to pay your CPF money with no issue.

how about those government bonds /treasury notes issued by gahmen? They too are public debts.

while no one is doubting our ability to service such debt, this is made under normal circumstances where the claims and withdrawals are at normal level. Its like, under normal circumstances, no one doubt DBS, OCBC and the rest of banks' ability to service their obligations. But if all depositers suddenly make a run at the bank, thats where its mettle is being tested.

 

[ahleebabasingaporethief]

SG public debt is about +/- our GDP roughly $290 billion

100% of that debt is CPF

SG reserves(MAS, GIC, Temasek Holdings) combine value is estimated at $1 Trillion. Anyone of them will be able to pay your CPF money with no issue.

You talk cock. $1 trillion?
we have an extremely BOASTFUL govt. if our reserves are very good, they will blow their horns all over the world.

Go to the CIA website and check. S'pore have the 2nd or 3rd highest DEBT to something in the WORLD.

If they have to use a prostitute times to report on CPF without and real queires yet; they are trying to pre-empt something. I can also use an ex gf to tell others that my cock is 15 inches long when it is not.

GET REAL AND GET A LIFE; ALL THOSE THAT BELIEVE THE SPIN!!!!

 

[Char_Azn]

Why am I the only ones anyone ever ask for a source, pple who pull bullshit out their ass with very dubious claims gets away with it

SG Public debt - This one is easy enough to find if U google, this link is good coz it describe where the public debt comes from
http://www.indexmundi.com/singapore/public_debt.html

SG National Reserves - the million dollar question. I am taking an estimate from an article posted in this forum before, I can't find it right now but I will post it when I do. We can however draw some conclusion on how much the national reserves consist of by looking at some of the components

We know for certain the major components of the reserves are the Investment companies, GIC and Temasek Holdings and the Foreign Reserves controlled by MAS

There is also another component in the reserves which we always never look into which is the Land and Buildings owned by the government. GCT's excuse for not giving OCT the full value of the national reserves was also because of this part, impossible to valuate the Land and Buildings

Temasek - $193B http://www.temasek.com.sg/media_centre_news_releases_070711.htm

MAS Foreign Reserves - Either $288/$225B(2 figures in there the 2nd one is the official one. Dun ask me why I don't know) http://www.mas.gov.sg/data_room/reserves_statistics/Official_Foreign_Reserves.html

GIC - 247.5B http://www.swfinstitute.org/fund-rankings/

How much MAS and Temasek Holdings is worth is no secret. They publish their statement every year. Go to their website. No need to go to international source coz all the international source also use their website. Despite the ongoing complain about Temasek not being open enough, the problem was never how much it is worth it's how the company manage it's money in detail

GIC is the only dubious one, no one knows the actual value of GIC except the government. Any value U find is going to be an estimate. In which case someone doing research can probably add 2 and 2 together on all the GIC made investment and come up with a fairly accurate value

The article I read probably added all the components together including their estimates of the land and buildings and add it up to 1 trillion. In any case the national reserves without those already far exceeds the "CPF debt". The known ones, Temasek and MAS already more then covers most debt

 

[Char_Azn]

If they have to use a prostitute times to report on CPF without and real queires yet; they are trying to pre-empt something. I can also use an ex gf to tell others that my cock is 15 inches long when it is not.

The reason why we have high "public debt" is because the ang moh countries who invented their ponzi scheme doesn't consider the "welfare" and "retirement fund" they owe their pple, a debt.

Someone estimated the US debt at $211trillion instead of $14 trillion if U added it in

http://www.npr.org/2011/08/06/139027615/a-national-debt-of-14-trillion-try-211-trillion

SG government know they owe us money and it's officially a "debt"